Full text of H.9 Weekly Summary of Reserves and Interest Rates : December 15, 1977

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FEDERAL

RESERVE

statistical

r e I e'a s e

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H.9
(Rev. 9/77)

Reserve. Aggregates'
Total reserves
N'onbor rowed reserves
Required reserves

M1 (Currency plus demand,deposits)
^2 ^ 1 ^lus time deposits at commercial banks
other than large time CD's)
Tine 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) 3_/
90-day CD rate (primary offering) 4/
3-month Euro-dollar rate
U.S. Government bond rate 5/

u

Levels

Per cent Change (Seasonally Adjusted Annual Rates)

Week ended
4 Weeks ended
Dec. 14 I Dec. 7
Dec. 14 I Nov. 16
($ Bil., SA)

Average of 4 weeks endedp e c e m b e r 14. 1977from 4 week averages
13 weeks previous |26 weeks previous
[ 52 weeks previous

35.89
35.99
35.99
36.23
35.31
35.00
35.23
35.72
35.86
35.73
35.80
35.93
Week ended
4 Weeks ended
Dec. 7
| Nov. 30 ~Dec. 7
[Nov. 9
($ Bil., SA)

Monetary Aggregates

NSA—not seasonally adjusted

For Immediate Release
December 15, 1977

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

334.9

333.1

803.8
806.3
543.2
544.2
3.1
3.1
Week ended
Dec. 14
Dec. 7
509
56
6.49
6.06
6.60
6.72
6.70
7.11
7.82

583
70
6.51
6.05
6.54
6.63
6.55
6.99
7.99

4.4
7.4
5.0

8.3
5.4
8.4

4.8
2.7
5.0

Average of 4 weeks endedpecember 7. 1977 from 4 weeks averages"
13 weeks previous
| 26 weeks previous |52 weeks previous

333.4

333.2

5.6

7.5

7.4

803.7
542.3
3.6

799.9
534.4
3.3

7.3
14.4

8.8
12.2

9.4
11.5

4 Weeks ended
Dec. 14 J Nov. 16
(NSA)
762
71
6.52
6.05
6.55
6.66
6.59
7.02
7.77

995
97
6.50
6.13
6.56
6.70
6.57
7.13
7.77

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.
On December 7, 1977
bank-related commercial paper amounted to 8572 million.
Average of range of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
Posted ranges » the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more.
Yield at 20-year constant maturity. Source: U.S. Treasury
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.

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