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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.



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