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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 « 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.