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For Immediate Release

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

H. 9
(Rev. 9/77)

Per cent Change (Seasonally Adjusted Annual Rates)

Levels
Week ended

4 Weeks ended
Nnv. 7
Nov
($ Bil

N o v . 30

INOV. 23

35.98
34.90
35.48

35.96
35.08
35.91

December 1, 1977

Average of 4 weeks ended November 30, 1977from 4 week averages
13 weeks previous |26 weeks previous
|
weeks previous

Reserve Aggregates--'
Total reserves
Nonborrowed reserves
Required reserves

Week ended
Nov. 23
Nov.
Monetary Aggregates
ML (Currency plus demand deposits)
MI (M 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 2J
3-month CD rate (secondary market) 3J
90-day CD rate (primary offering) 4/
3-month Euro-dollar rate
U.S. Government bond rate 5/
NSA—not seasonally adjusted
1/

35.85
34.48
35.67
4 Weeks ended

36.05
35.21
35.75

*

Nov, 21 I Oct. 26
Bil., SA

331.5

333.9

332.6

802.2
542.3
4.1

802.9
539.4

3.9

Week ended
Nov. 30 |Nov. 23

5.2
5.0
8.2
8.5
2.7
4.5
3.8
7.6
4.9
Average of 4 weeks endedNovember zj, 19//from 4 weeks averages
13 weeks previous
| 26 weeks previous j52 weeks previous

334.1

5.9

7.4

7.3

801.2

799.7

531.5
3.5

7.3
12.5

8.9

538.5
3.5

11.8

9.6
11.5

4 Weeks ended
""Nov. 30 1 Nov. 2

(NSA)
1073
74
6.55
6.04
6.53

6.62
6.55
6.98
7.73

881
84
6.51

6.06
6.52
6.65
6.55
7.01
7.75

844

82
6.52
6.09
6.55
6.67
6.56
7.08
7.76

1367
111
6.48
6.19
6.54
6.69

6.60
7 .17
7.73

SA—seasonally adjusted

Includes required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregates reflect 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.
2f On November 23, 1977 bank—related commercial paper amounted to 8543 million.
3/ Average of range of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
kj Posted ranges * the annual 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
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.