View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
For Release at 4:15 p.m. EST

M.»(911)

JAIOAJI 1>, 1983

WEEKLY SUMMARY OF RESERVES AND INTEREST RATES
Averages of dally figure#

Percent change
Average of 4 weeks ended
4 weeks ended

Jam 12P

Jam

5P

Jan 12P

Dec 15*

Millions of dollars, seasonally adjusted
Reeerve aggregates (adjusted)1
Total reserves2
Nonborrowed reserves
Nonborrowed reserves plus extended credit1
Required reserves
Monetary base4

40,328
39,901
40,034
39,871
175,541

41,738
40,536
40,679
40,594
177,393

#1,105
40.388
40,552
40,437
176,095

40,684
40.127
40,313
40,262
174,277

January 12, 1983P
from 4 weeks averages
52 weeks
\ weeks
13 %
prsvlous
previous
previous
Seasonally adjusted annual rates

7.7

15.0
14.4
14.8

13.6
15.8

8.6

9.0

7.9

6.2

12.2

16.2
12.1

8.5
7.1

4 weeks ended

Jan 12

Jan

5

Jan 12

Dec 15

Not seasonally adjusted
Other reserve messures and Interest rates
Discount window borrowing ($ mil.)
Includes: seasonal borrowings of
extended credit of
Federal funds rate
3-month Treasury bill rate
go day dealer placed commercial paper*
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate6

427
31
133
8.42
7.76

8.11

8.30
8.75
10.67

1202
37
143
10.21
7.97
8.49

8.60

9.08
10.62

717
38
164
9.03
7.91
8,39
8.52
9.19

10.66

557
33
187
8.83
8.01
8.54
8.76
9.63
10.57

1 Reserve aggregates iaclude required reserves of member banks and Edge Act Corporations and other depository institutions. Discontinuities associated with the implementation of the Monetary Control Act,
the inclusion of Edge Act Corporation reserves, and other changes in Regulation D have been removedBeginning with the week ended December 31, 1981, reserves aggregates have been reduced by shifts of
reservable liabilities to international banking facilities (IfiPs).
2 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash
at institutions with required reserve balances plus vault cash equal to required reserves at other
3

Extended credit consists of borrowing at the discount window under the terms and conditions established
for the extended credit program to help depository institutions deal with sustained liquidity pressures.
Because there is not the saae need to repay such borrowing promptly as there is with traditional shortterm adjustment credit, the money market impact of extended credit is similar to that of nonborrowed

4

Includes reserve balances and required clearing balances at Federal leserve Banks in the current week
plus vault cash held two weeks earlier used to satisfy reserve requirements at all depository institutions plus currency outside the U.S. Treasury, Federal Reserve Banks, the vaults of depository institutions, and surplus vault cash at depository institutions.
5 On jam. 5, 1983 bank-related commercial paper outstanding was $32,914 million.
6 Yield at 20-year constant maturity. Source: O.S. Treasury.
Note: All percentage changes are at seasonally adjusted annual rates, not compounded.
P—indicates preliminary data.