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r e l e a s e
For Immediate Release
WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of daily figures)
L9
[Rev. 9/77)
Per cent Change (Seasonally Adjusted Annual Rates)
Levels
Week ended
Jan. 18 1 Jan, 11
January 19, 1978
4 Weeks ended
Jan. 1
Dec, 23
Bil., SA
Average of 4 weeks ended January 18. 1978 f r o m * week averages
52 weeks previous
13 weeks previous |26 weeks previous
Reserve Aggregates^
36.07
36.77
36.25
37.71
35.40
36.26
35.81
37.29
35.84
35.94
36.44
37.28
4 Weeks ended
Week ended
Jan. 11
Jan. 4
Jan. 11 I Dec. 14
C$ Bil., SA)
Total reserves
Nonborrowed reserves
Required reserves
Monetary Aggregates
%
(Currency plus demand deposits)
(M plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks
Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper 2J
3-month CD rate (secondary market) 3/
90-day CD rate (primary offering) 4/
3-month Euro-dollar rate
U.S. Government bond rate 5/
NSA—not seasonally adjusted
10.3
8.3
5.9
17.7
7.1
4.6
9.2
8.1
5.9
Average of 4 weeks ended January 11, 1978 from 4 waeks average?
13 weeks previous
| 26 weeks previous [52 weeks previous
336.6
340,,0
336.9
333 .4
5.7
8.2
7.2
810.6
550.1
3.5
812,.6
549,,5
3,,7
809.0
548.2
3.8
804,.2
543 .7
3,.3
6.4
15.1
8.1
11.9
8.7
11.0
4 Weeks ended
Week ended
Jan. 18 | Jan. 11 ~~Jan. 18 [ Dec. 21
(NSA)
418
25
6.78
6.50
6.80
7.06
6.89
7.43
8.17
440
26
6.58
6.48
6.69
6.88
6.85
7.26
8.11
513
34
6.68
6.32
6.71
6.87
6.79
7.32
8.06
675
63
6.52
6.04
6.58
6.67
6.62
7.05
7.81
SA—seasonally adjusted
Includes required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregates reflect changes in Regulation D. Per
cent annual rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes.
2/ On January 11, 1978 bank-related commercial paper amounted to 8988 million.
3/ Average of range of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
4/ Posted ranges * the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more.
5/ Yield at 20-year constant maturity. Source: U.S. Treasury
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.
1/
@FedFRASER