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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.