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;^0fC0w.„ FEDERAL RESERVE statistical release ?*AL Rt^. • H.9 (511) WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures For Immediate Release January 10, 1980 Levels Week ended Jan. 9 Jan. 2 4 weeks ended Jan. 9 Dec. 12 Billions of dollars, seasonally adjusted Reserve aggregrteel Total reserves Nonborrowed reserves Required reserves M o n e t a r y base 2 Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves M o n e t a r y base 2 43,578 42,846 43,381 154,789 43,415 41,984 42,865 154,793 43,436 42,168 43,096 154,203 43,463 41,714 43,196 153,263 43,362 42,630 43,165 154,572 43,156 41,725 42,606 154,533 43,180 41,913 42,840 153,947 43,048 41,299 42,781 152,848 Week ended 4 weeks ended Dec. 5p Jan. 2p Dec. 26p Jan. 2p Billions of dollars, seasonally adjusted l —REVISED SERIES M-1 (Currency plus demand deposits) M-2 (M-1 plus time deposits at commercial banks other than large time CD's) Time deposits, all commercial banks 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 paper4 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate5 383.1 383.0 382.2 380.5 954.1 952.8 949.0 954.1 663.9 663.6 664.5 664.5 Week ended 4 weeks ended Jan. 9 Jan. 2 Jan. 9 D e c . 12 Not seasonally adjusted 732 61 13.94 11.92 13.10 13.47 14.56 10.38 1431 64 14,.04 12,.03 13,.20 13,.42 14,.58 10,.21 1268 72 13.84 12.04 13.34 13.52 14.65 10.26 1749 117 13.28 11.70 13.04 13.30 14.41 10.21 Percent change Average of 4 weeks ended January 9, 1980 from 4 weeks averages 13 weeks 26 weeks 52 weeks previous previous previous Seasonally adjusted annual rates lllisllHyyyiiliaH::: 1 aS 4.1 10.5 11.7 3.4 10.5 12.6 3.8 10.0 11.1 7.8 7.9 10.4 Average of 4 weeks ended January 2, 1980 from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonal y adjusted annual rates 2.6 6.5 5.7 6.4 9.4 12.8 8.4 8.1 11.1 ShsHHEH;: HHE! Kinmhu HnMlHlii 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 $ 217 million in the week ending January 9, 1980 and $ 260 million in the week ending January 2, 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 January 2, 1980 bank-related commercial paper outstanding was $ 20,310 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-Preliminary; 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.
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