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b

m

a-

H.9
(Rev. 9/77)

Per cent Change (Seasonally Adjusted Annual Rates)

Levels
Week ended
4 Weeks ended
Dec. 13 | Dec. f>
Dec. 13 1 Nov. 15
W Bil., SA)

Reserve Aggregates^

41.17
40.57
41.15

Total reserves
Nonborrowed reserves
Required reserves

Monetary Aggregates

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/
}J

41.58
40.88
41.47

41.38
40.71
41.32

38.21
37.22
37.93

Week ended
4 Weeks ended
Dec. 6 "~| Nov. 8
Dec. 6 1 Nov. 29
C$ Bil., SA)

M- (Currency plus demand deposits)
MI (M1 plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

MSA—not seasonally adjusted

For Immediate Release
December 14, 1978

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

Average of
nycxagc
ux 4
t weeks
WCCM endedDecember
cuucm/cucmuci. 13,
J—', 1978
J.7/VI.from
I.VIII 4Tweek averages
13 weeks previous

4.1
8.3
5.3

126 weeks previous

5.0
6.2
5.8

| 52 weeks previous

6.7
7.1
7.1

Average of 4 weeks endedDecember 6, 1978 from 4 waeks averages
13 weeks previous
| 26 weeks previous | 52 weeks previous

360.7

358.7

360.0

361.7

2.2

4.7

7.0

872.1
607.5

869.2
606.9

870.6
606.6

868.4
597.2

15.0

6.8

7.9
11.6

7.9
12.0
i

Week ended
4 Weeks ended
Dec. 13 | Dec. 6
Dec. 13 | Nov. 15
(NSA)
594
132
9.79
8.90
10.27
10.53
10.36
11.33
8.82

698
150
9.87
8.93
10.25
10.64
10.37
11.56
8.78

672
161
9.80
8.79
10.22
10.61
10.31
11.46
8.77

989
212

9.50
8.31
9.67
10.34
9.87
11.13
8.76

:::

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.
2/ On December 6, 1978 bank-related commercial paper amounted to$ 14,670million.
J!/ Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
4/ 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
BOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.