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FEDERAL RESERVE statistical release For Release at 4:15 p.m. EST F e b r u a r y 2 5 , 1983 H.9(511) WEEKLY SUMMARY OF RESERVES AND INTEREST RATES Averages of daily figures 4 weeks ended Week ended F e b 23P F e b 16P Feb 23P J a n 26P Millions of dollars, seasonally adjusted Reserve aggregates (adjusted)1 Total reserves 2 Nonborrowed reserves Nonborrowed reserves plus extended credit 3 Required reserves Monetary base 4 40,565 40,089 40,424 40,165 177,843 40,751 39,882 40,156 39,893 177,410 41,008 40,404 40,551 40,406 176,971 3.1 3.9 4.6 1.9 8.2 9.5 9.6 10.6 8.4 8.4 5.8 9.6 9.7 5.2 7.6 4 weeks ended Week ended Feb 23 40,610 40,085 40,349 40,089 177,296 Average of 4 weeks e nded F e b r u a r y 2 3 , 1983IP from 4 weeks avera ges 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates F e b 16 F e b 23 J a n 26 Not seasonally adjusted Other reserve measures and Interest rates Discount window borrowing ($ mil.) Includes: seasonal borrowings of extended credit of Federal funds rate 3-month Treasury bill rate 90 day dealer placed commercial paper 5 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate® 476 45 335 8.47 7.99 8.25 8 . 43 9.01 10.86 869 39 274 8.62 8.20 8.38 8.57 9.11 11.12 525 39 264 8.53 8.13 8.36 8.58 9 . 19 11.08 603 33 147 8.89 7.84 8.20 8.36 8.95 10.73 1 Reserve a g g r e g a t e s i n c l u d e r e q u i r e d r e s e r v e s of member b a n k s a n d E d g e A c t C o r p o r a t i o n s a n d other depository institutions. D i s c o n t i n u i t i e s a s s o c i a t e d w i t h t h e i m p l e m e n t a t i o n o f t h e M o n e t a r y Control Act, t h e i n c l u s i o n of Edge A c t C o r p o r a t i o n r e s e r v e s , a n d o t h e r c h a n g e s i n R e g u l a t i o n D h a v e b e e n removed. B e g i n n i n g w i t h t h e w e e k e n d e d D e c e m b e r 3 1 , 1 9 8 1 , r e s e r v e s a g g r e g a t e s h a v e b e e n reduced by s h i f t s of reservable l i a b i l i t i e s to i n t e r n a t i o n a l banking f a c i l i t i e s (IBFs). , 2 R e s e r v e b a l a n c e s w i t h F e d e r a l R e s e r v e B a n k s ( w h i c h e x c l u d e r e q u i r e d c l e a r i n g b a l a n c e s ) p l u s vault cash a t i n s t i t u t i o n s w i t h r e q u i r e d r e s e r v e b a l a n c e s p l u s v a u l t c a s h e q u a l t o r e q u i r e d r e s e r v e s at o t h e r 3 E x t e n d e d c r e d i t c o n s i s t s of b o r r o w i n g a t t h e d i s c o u n t window u n d e r t h e t e r m s a n d c o n d i t i o n s e s t a b l i s h e d f o r t h e e x t e n d e d c r e d i t p r o g r a m t o h e l p d e p o s i t o r y i n s t i t u t i o n s d e a l w i t h s u s t a i n e d l i q u i d i t y pressures. B e c a u s e t h e r e i s n o t t h e s a m e n e e d t o r e p a y s u c h b o r r o w i n g p r o m p t l y a s t h e r e i s w i t h t r a d i t i o n a l shortt e r m a d j u s t m e n t c r e d i t , t h e money m a r k e t i m p a c t o f e x t e n d e d c r e d i t i s s i m i l a r t o t h a t of n o n b o r r o w e d 30 r ve S m 4 i n c l u d e s r e s e r v e b a l a n c e s a n d r e q u i r e d c l e a r i n g b a l a n c e s a t F e d e r a l R e s e r v e Banks i n t h e current week p l u s v a u l t c a s h h e l d t w o w e e k s e a r l i e r u s e d t o s a t i s f y r e s e r v e r e q u i r e m e n t s a t all d e p o s i t o r y institut i o n s p l u s c u r r e n c y o u t s i d e t h e U . S . T r e a s u r y , F e d e r a l R e s e r v e B a n k s , t h e v a u l t s of d e p o s i t o r y i n s t i t u t i o n s , and s u r p l u s v a u l t c a s h a t d e p o s i t o r y i n s t i t u t i o n s . 5 on F e b . 16, 1 9 8 3 b a n k - r e l a t e d c o m m e r c i a l p a p e r o u t s t a n d i n g was $ 32,767 m i l l i o n . 6 Yield a t 20-year c o n s t a n t m a t u r i t y . Source: O.S. T r e a s u r y . Note: All p e r c e n t a g e c h a n g e s a r e a t s e a s o n a l l y a d j u s t e d a n n u a l r a t e s , not compounded. p—indicates preliminary data.
@FedFRASER