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.ubtconfc. FEDERAL RESERVE statistical release For Immediate Release WEEKLY STJMMAKt OF BANKING AND CREDIT MEASURES Overages of dally figures) August 10, 1978 H.9 (tav. 9/77) Peg cent Change (Seasonally Adjusted Annual Rates) Levels Week ended 9 Baser?# Aggregates^ Total reserves Nonborrowed reserves Required reserves 37.84 36.96 37.75 4 Wmeks ended 9t ^ July 1Z I Aug. L ($ Bi^f'sA) 37.97 36.54 37.66 Week ended 38.24 36.90 38.05 37.85 36.60 37.63 4 Wkeks ended Average of 4 weeks ended August 9. 1978 13 weeks previous 126 weeks previous 11.8 9.5 11.8 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 2/ 3-month CD rate (secondary market) 3/ 90-day CD rate (primary offering) 4/ 3-month Euro-dollar rate U.S. Government bond rate 5/ 353.1 352.0 351.6 351.1 842.0 846.7 577.5 582.5 4.4 3.2 4 Weeks ended -Augj T ~ T July 19 Aug. 9—I Aug, &SA) 847.8 849.9 583.1 583.6 2.8 3.1 Week ended 879 175 7.83 6.76 7.78 7.91 7.81 8.28 8.40 1439 166 7.89 6.78 7.81 7.99 7.88 8.41 8.56 1342 157 7.89 6.89 7.84 8.06 7.92 8.44 8.59 8.0 8.0 5.6 8.1 Average of 4 weeEs ended 2r 1978 from 4 weeks averages 13 weeks previous 1 26 weeks previous (52 weeks previous Monetary Aggregates m (Currency plus demand deposits) yr (H plus time deposits at commercial banks ^ other than large time CD's) Time deposits, all commercial banks U.S. Government demand deposits, member banks 7.5 3.0 from 4 week averages [ 3% weeks previous 5.0 6.8 7.2 7.6 10.4 7.8 11.2 8.0 12.3 1351 135 7.79 7.02 7.81 8.10 8.00 8.58 8.67 c - Corrected. HSir—not seasonally adjusted SA—seasonally adjusted Includes required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregates reflect changes in Regulation D. Per c*ot rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes. 2/ On August 2, 1978 bsnk-rmlated commercial paper amounted to $12,354 million. 3/ simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market. 1 4/ Posted ranges • the t " * 1 interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more. 5/ Yield at 20-<year constant maturity. Source: U.S. Treasury BOTE: All percentage changes are at seasonally adjusted annual rates, not compounded. ::::: :::::