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Z , x . F E D E R A L R E S E R V E s t a t i s t i c a l 0 - <• * / ' " * - r e l e a s e 'fsrss?.- For Immediate Release December 2 8 , 1978 WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) B-9 (Bev. 9/77) Reserve Aggregates^ Levels Per cent Change (Seasonally Adjusted Annual Rates) Week ended 4 Weeks ended Dec. 27 |Dec. 20 Dec. 27 (Nov. 29 ($ Bil., SA) Average of 4 weeks endedDecember 27, 1978from 4 week averages 13 weeks previous [26 weeks previous | 52 weeks previous 40.68 39.27 40.72 Total reserves Nonborrowed reserves Required reserves 41.44 40.88 41.38 41.20 40.39 41.18 39.72 39.04 39.49 Week ended 4 Weeks ended Dec. 20 |Dec. 13 Dec. 20 1 Nov. 22 ($ Bil., SA) Monetary Aggregates 0.8 3.0 2.6 z.o 2.8 4.2 3j.4 .4 5.9 5.4 6.3 Average of 4 weeks endedDecember 20, 1978from 4 waeks averages* 13 weeks previous | 26 weeks previous | 52 weeks previous M_ (Currency plus demand deposits) MI (M plus time deposits at commercial banks other than large time CD's) Time deposits, all commercial banks 360.9 360.8 360.2 361.1 0.7 4.1 6.7 871.3 608.1 871.8 607.9 871.1 607.6 870.0 603.4 5.2 13.1 7.3 11.5 7.8 11.7 Other Reserve Measures & Interest Rates Week ended 4 Weeks ended Dec. 27 | Dec. 20 Dec. 27 [* Nov. 29 CNSA) 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/ NSA-—not seasonally adjusted 1/ L413 131 10.25 9.30 10.52 10.96 10.56 11.95 8.99 567 131 9.75 9.14 10.36 10.68 10.51 11.60 8.95 818 136 9.92 9.07 10.35 10.70 10.45 11.61 8.89 681 186 9.75 8.64 10.15 10.72 10.19 11.52 8.75 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 20, 1978 bank-related commercial paper amounted to$i5 ^(jmillion. Simple average 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. Yielc. pt 20-^year constant maturity. Source: U.S. Treasury
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