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FEDERAL RESERVE statistical release
For Immediate Release

H.9 (511)
WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
Averages of daily figures

February 15, 1980
Percent change
Average of 4 weeks ended
February 13, 1980
from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous . previous
Pirevious
Seasonal y adjusted annual rates

Levels

Week ended

4 weeks ended

Feb. 13
Feb. 6
Feb. 13 1 Jan. 16
Millions of dollars, seasonally adjusted
Reserve aggregates 1
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2

42,638
41,402
42,809
154,562

43,247
42,488
42,691
155,290

43,148
41,895
42,921
154,875

43,664
42,511
43,205
154,580

sssismsas

Reserve aggregates (adjusted) 3
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2

42,326
41,090
42,497
154,250

42,955
42,196
42,399
154,998

42,847
41,594
42,620
154,574

43,397
42,244
42,938
154,312

4.0
8.1
3.4
16.2
7.1
3.0
4.7
7.9
3.4
6.9
8.7
7.6
Average of 4 weeks ended
February 6, 1980
from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous

Week ended

#
Monetary aggregates
M-1A (Currency plus demand deposits)
M-1B (M-l plus other checkable
deposits

4 weeks ended

Feb. 6p

Jan. 30p

Feb. 6p

Jan. 9p

376.8

373.1

373.4

372.5

393.0

389.1

389.7

388.9

5.1

5.2

6.7

Not seasonally adjusted
Other reserve measures and 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 4
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rateS

1236
91
13. 64
12. 10
13. 07
13. 44
14. 46
11. 86

759
73
12.80
12.09
13.07
13.41
14.29
11.51

1253
82
13. 44
12. 12
13. 06
13. 40
14. 34
11. 30

1153
70
13. 85
11. 93
13. 15
13. 40
14. 49
10. 31

i

:

llEliilnl-iiiii

:5H SHI s
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Hit

1 Includes required reserves against deposits at member banks and Edge Act corporations; against bank related commercial paper; and
marginal reserves against selected borrowings of member banks, Edge Act corporations and agencies and branches of foreign banks.
Marginal required reserves averaged $312
million in the week ending February 13, 1980 and $ 292
million in the week
ending February 6, 1980.
2 Includes total reserves (reserve balances of member banks, Edge Act corporations and agencies and branches of foreign banks in the current
week and vault cash held two weeks earlier); currency outside the U.S. Treasury, Federal Reserve banks and the vaults of commercial banks;
and vault cash of nonmember banks.
3 Reserve aggregates series have been adjusted to remove discontinuities associated with marginal reserve requirements and changes in other
reserve requirement regulations.
4 On February 6, 1980 bank-related commercial paper outstanding was $21,851
million.
5 Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.
P
~ ^ n i i » t ! ! » P r e l ^ ? ± ? a r y d a « a " Special caution should be taken in interpreting week-to-week changes in .money
* » 5? «. a *
j a r e often highly volatile and subject to revision in subsequent weeks and months.
Reflects revised seasonal factors based on an additional year of data.