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>Of GOV

FEDERAL

H.9
(Rev. 9/77)

RESERVE

Monetary Aggregates

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 3/
3-month CD rate (secondary market) 4/
~~
3-month Euro-dollar rate
U.S. Government bond rate 5/

I
I

For Immediate Release
April 5, 1979

Per cent Change (Seasonally Adjusted Annual Rates)

Week ended
4 Weeks ended
Apr. 4 j Mar. 2TT Apr. 4 1 Mar. 7~

M. (Currency plus demand deposits)
MI (K plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks

release

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

Levels

Reserve Aggregated
Total reserves
Nonborrowed reserves
Required reserves
Monetary Base %/

statistical

Average of 4 weeks ended April 4, 1979
13 weeks previous |26 weeks previous

from 4 week averag
j 52 weeks previous

(9 Bile, SA)

40.72
40.30
40.78
40.84
39.71
39.22
39.97
39.76
40.22
40.39
40.55
40.59
143.9
143.46
144.4
143.5
Week ended
4 Weeks ended
Mar. 28 I Mar. 21 [Mar. 28 |Feb. 28
($ Bil., SA)

2.7
-2.6
-5.6
1.1
-2.2
—6.0
2.7
-2.9
-5.0
7.6
5.5
4.1
Average of 4 weeks ended March 28, 1979 from 4 waeks averages
13 weeks previous
| 26 weeks previous | 52 weeks previous
"""

358.9

359.7

359.4

358.8

-2.0

-1.0

4.8

880.7
618.9

879.7
618.8

879.8
619.7

877.1
620.5

1.8

3.2

7.0

5.6

8.9

10.5

Week ended
4 Weeks ended
Apr. 4
I Mar. 2T8"" Apr. 4 | Mar" 7
TNSA)
868
130
9.95
9.48
9.76
9.99
10.54
9.05

1082
133

10.00
9.51
9.81
10.09
10.63
9.06

964
124
10.06
9.50
9.87
10.11
10.64
9.06

1025
116

10.06
9.37
9.96

10.18
10.79
9.08

>A—rot seasonally adjusted.
SA—seasonally adjusted
Inclv.rlcs required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregates rcflcct changes in Regulation D.
Per cent annual rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes.
Includes total reserves (member bank reserve balances in the current week plus vault cash held two weeks earlier), currency in circulation (currency
outside the U.S. Treasury, Federal Reserve banks and the vaults of commercial banks), and vault cash of nonmember banks.
On M a r c h 28, 1979 bank-related commercial paper amounted to $16,398 million.
Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.