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Of GOV

F E D E R A L

R E S E R V E

For Immediate Release
August 31, 1978

Levels

Total reserves
Nonborrowed reserves
Required reserves

38.14
37.12
37.83

37.69
36.08
37.64

37.94
36.83
37.77

36.07
36,73
37.95

Week ended
4 Weeks ended
August 23|August 16 August 23| July 26
19 Bil., SA)

Monetary Aggregates

%

(Currency plus demand deposits)
(M 1 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 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/

USA—not seasonally adjusted

i/

-

Per cent Change (Seasonally Adjusted Annual Rates)

Week ended
4 Weeks ended
August 30[August 23 August 30(August 2
($ Bil., SA)

Reserve A g g r e g a t e s '

NOTE:

release

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

H.9
(Rev. 9/77)

I

$t a tistical

-

7.3

5.5
1.6
5.9

8.4

7.8

8.6

8.4
12.2

7.0
7.2
7.7
7.0
Average of 4 weeks ended August 23, 1978 from 4 w a e k s averages
13 weeks previous
| 26 weeks previous | 52 weeks previous

355.0

354.2

351.8

6.7

855.2
586.7
3.7

855.3
585.3
2.9

852.9
585.1
3.2

845.8
581.5
4.0

8.8

Week ended
4 Weeks ended
August 3 0 { A u g u s t 23~ August 30 1 Aueust(NSA)
1020
208
8.28
7.35
7.93
8.19
7.90

8.61
8.42

1604
196
8.14
7.25
7.85
8.15
7.95

8.66
8.46

1117
191
8.03
7.08
7.83
8.04
7.86
8.47
8.45

1347
146
7.86
6.99
7.85

w.o. iieoaury

All percentage changes are at seasonally adjusted annual rates, not compounded.




8.0

354.6

S A r — - s e a s o n a l l y adjusted

J-

Average of 4 weeks ended August 30, 1978 from 4 week averages
13 weeks previous
|26 weeks previous
| 52 weeks previous

8.11
7.97
8.49
8.67

9.0

10.4