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FEDERAL

R E S E R V E

statistical

release

•-ffu. »&*••'

H.9
(Rev. 9/77)

4 Weeks ended
Week ended
April 26| March 22
April 26 | April T J
($ Bil., SA)

Reserve Aggregates^
Total reserves
Nonborrowed reserves
Required reserves

36.84
36.04
36.74

Monetary Aggregates

Week ended
4 Weeks ended
April 19|April 12
April 19| March 15
« Bil., SA)

%

(Currency plus demand deposits)
(M plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper 27
3-month CD rate (secondary market) 3 J
90-day CD rate (primary offering) 4/
3-month Euro-dollar rate
U.S. Government bond rate 5/

36.43
37.19
37.08

36.97
36.59
36,77

36.66
36.33
36.46

Average of 4 weeks ended April 26, 1978 from 4 week averages
13 weeks previous
126 weeks previous
| 52 weeks previous

4.0
5.3
5,0

6.6
12.2
5.6

6.5
5.6
6.5
Average of 4 weeks ended April 19, 1978 from 4 weeks averages
13 weeks previous
| 26 weeks previous [ 52 weeks previous"

344.6

343.8

342.9

339.5

5.2

5.3

6.9

827.6
566.2
3.7

825.7
564.4
3.4

824.7
564.4
3.3

819.0
561.2
3.5

6.5
11.7

6.6
13.2

8.1
12.0

Week ended
4 Weeks ended
April 26 | April 19 April 26 [March 22
(NSA)
809
49
7.00

239
36
6.78

6.86

6.79
6.94

6.22

7.14
6.95
7.43
8.34

6.20

6.82
7.30
8.30

381
41
6.85
6.29

6.80

7.01
6.85
7.37
8.32

422
48
6.77
6.45
6.77
6.90
6.77
7.28

8.21

SA—seasonally adjusted

Includes required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve
cent annual rates of growth for required reserves and other reserve aggregates have been adjusted to
On
April 19, 1978
bank-related commercial paper amounted to $9939 million.
Prior to April 12, 1978 rates reflected average of range of offering rates of negotiable certificates
market; thereafter, rates reflect a simple average of the offering rate.
Posted ranges«the annual interest rates most often quoted on new offerings of negotiable certificates
Yield at 20-year constant maturity. Source: U.S. Treasury.




April 27, 1978

Per cent Change (Seasonally Adjusted Annual Rates)

Levels

NSA—not seasonally adjusted

For Immediate Release

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of daily figures)

aggregates reflect changes in Regulation D. Per
remove the effect of these structural changes.
of deposit with 3-month maturity in secondary
of deposit in denominations of $100,000 or

mora