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FEDERAL RESERVE statistical release For Immediate Release February 29, 1980 H.9 (511) WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures Levels Week ended Feb. 27 Feb. 20 4 weeks ended Feb. 27 Jan. 30 Millions of dollars, seasonally adjusted Reserve aggregates 1 Total reserves Nonborrowed reserves Required reserves Monetary base? 43,466 41,409 43,718 156,157 44,196 42,002 43,596 156,503 43,380 41,818 43,196 155,638 43,497 42,253 43,169 154,852 Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves Monetary base? 43,127 41,070 43,379 155,818 43,883 41,689 43,283 156,190 43,066 41,504 42,882 155,324 43,225 41,981 42,897 154,579 Week ended 4 weeks ended Feb. 20 Feb. 13 Feb. 20 J a n . 23 Billions of dollars, seasonally adjusted Monetary aggregates M-lA; Currency plus demand deposits) M-lBiM-1 plus other checkable deposits) 5.0 8.7 5.6 7.9 8.4 4.8 6.2 3.4 8.6 4.8 8.8 8.3 Average of 4 weeks ended February 20, 1980 from 4 weeks averages 13 weeks I 26 weeks 52 weeks previous | previous previous Seasonally adjusted annual rates 377.4 376.3 376.0 372.4 6.8 6.0 7.5 393.9 392.9 392.3 388.9 7.3 6.4 8.8 beb. Other reserve measures and interest rates Member bank borrowings ($ mil.) Includes seasonal borrowings of: Federal funds rate 3-month Treasury bill rate 90 — day dealer placed commercial paper4 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rateS Percent change Average of 4 weeks ended February 2 7 , 1980 from 4 weeks averages 13 weeks 26 weeks 52 weeks previous previous previous Seasonally adjusted annual rates Week ended 4 weeks ended 27 | Feb. 20 Feb. 27 | J a i l . 30 Not seasonally adjusted 2057 109 14,.62 13,,63 14,,60 15,.30 16,.46 12,.87 2194 100 14,,87 12,.93 13 .64 14,.23 15,.26 12,.39 1562 93 13,.98 12,.69 13,.60 14,.10 15,.12 12,.16 1244 75 13,.79 11,,99 13,.03 13,,40 14.,34 10,,65 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 $ 297 million in the week ending February 2 7 , 1980 and $ 254 million in the week ending February 20, 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 20, 1980 bank-related commercial paper outstanding was $ 22,365 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-Indicates preliminary data. Special caution should be taken in interpreting week-to-week changes in money supply data, which are often highly volatile and subject to revision in subsequent weeks and months.