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QjlOJlOy^cL o* cow • FEDERAL R E S E R V E release For Immediate Release WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) H.9 (Rev. 9/77) Week ended Per.. 7 I Nov, Reserve Aggregated 35.89 35.31 35.86 Total reserves Nonborrowed reserves Required reserves 35.94 34.87 35.48 4 Weeks ended Per. 7 Nnv, 9 Bil., SA) 35.99 35.22 35.75 35.85 34.48 35.67 Week ended 4 Weeks ended Nov. 30 |Nov. 23 | Nov. 30 I Nov. 2 ($ Bil., SA) Monetary Aggregates M- (Currency plus demand deposits) JT" (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 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/ 333.2 331.4 333.1 December 8. 1977 Per cent Change (Seasonally Adjusted Annual Rates) Levels NSA—not seasonally adjusted statistical \JxJb>\LiA 333.4 799.5 802.6 801.8 803.8 532.8 542.2 540.6 543.2 3.3 4.2 3.7 3.1 Week ended 4 Weeks ended Dec. 7 1 Nov. 30 Dec. 7 | Nov. 9 (NSA) 768 583 1073 1326 77 70 105 74 6 , 50 6.51 6.55 6.52 6 06 6.05 6.04 6.17 6 54 6.54 6.53 6.57 6.63 6 65 6.62 6.73 6 55 6.55 6.55 6.59 7 02 6.99 6.98 7.18 7 76 7.79 7.73 7.76 Average of 4 weeks ended December 7. 1977 from 4 week averages 13 weeks previous 126 weeks previous | 52 weeks previous 4.9 9.2 4 .6 4.8 2.0 4.8 4.8 2.7 4.9 Average of 4 weeks endecfroyember 30, 1977 from 4 waeks averages 13 weeks previous | 26 weeks previous [52 weeks previous 6.0 7.6 7.4 7.5 13.5 8.9 12.0 9.6 11.5 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. 1) On November 30, 1977 bank-related commercial paper amounted to 8544 million. _3/ Average of range 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 NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded. V
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