Full text of H.9 Weekly Summary of Reserves and Interest Rates : August 19, 1983

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FEDERAL RESERVE statistical release
* *

H.9 (511)

f^AL

For Release at 4 : 1 5 p.m. Eastern Tin

August 19, 1983

WEEKLY SUMMARY OF RESERVES AND INTEREST RATES

Averages of daily figures

Percent change
Average of 4 weeks ended

Levels
Week ended

Aug 17P

Aug 10P

4 weeks ended

Aug 17P

July

August 17, 1983P
20P

Millions of dollars, seasonally adjusted
Reserve aggregates (adjusted)1
Total reserves2
Nonborrowed reserves
Nonborrowed reserves plus extended credit 3
Required reserves
Monetary base4

41,748
40,270
40,772
41,423
185,801

41,606
40,086
40,543
41,190
185,716

41,926
40,246
41,061
41,386
184,826

6.6
2.2
1.8
7.0
7.8

9.0
4.4
5.5
9.3
10.0

6.
4.
5.
6.
8.

7
5
5
5
9

4 weeks ended

Week ended

Aug 17

41,832
40,407
40,874
41,406
185,687

from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous
Seasonally adjusted annual rates

Aug 10

Aug 17

July

20

Not seasonally adjusted
Other reserve measures and Interest rates
Discount window borrowing ($ mil.)
Includes: seasonal borrowings of
extended credit of
Federal funds rate
3-month Treasury bill rate
90 day dealer placed commercial paper5
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate 6

1

1478
194
502
9.67
9.43
9.66
9.89
10.30
11.91

1520
178
457
9.66
9.49
9.69
9.93
10.50
12.23

1425
192
467
9.60
9.33
9 . 53
9.76
10.29
11.94

1680
152
815
9.23
9.02
9.20
9.43
9.92
11.43

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Reserve aggregates include required reserves of member banks and Edge Act Corporations and other depository institutions. Discontinuities associated with the implementation of the Monetary Control Act,
the inclusion of Edge Act Corporation reserves, and other changes in Regulation D have been removed.
2 Reserve balances with Federal Reserve Banks plus vault cash at institutions with required reserve
balances plus vault cash equal to required reserves at other institutions.
3 Extended credit consists of borrowing at the discount window under the terms and conditions established
for the extended credit program to help depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as there is with traditional shortterm adjustment credit, the money market impact of extended credit is similar to that of nonborrowed
reserves.
4 Consists of reserve balances and service-related balances and adjustments at Federal Reserve Banks in
the current week plus vault cash held two weeks earlier used to satisfy reserve requirements at all
depository institutions plus currency outside the U.S. Treasury, Federal Reserve Banks, the vaults of
depository institutions, and surplus vault cash at depository institutions.
5 On August 10, 1983 bank-related commercial paper outstanding was $36,303 million.
6 Yield at 20-year constant maturity.
Source: U.S. Treasury.
Note: All percentage changes are at seasonally adjusted annual rates, not compounded.
P—indicates preliminary data.