The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
^IbL ;otS2tef FEDERAL RESERVE statistical release For Release at 4:15 p.m. EST January 21, 1983 H.9(511) WEEKLY SUMMARY OF RESERVES AND INTEREST RATES Averages of daily figures Levels Week ended 4 weeks ended dec 22P Jan 19P Jan 19P Jan 12P Millions of dollars, seasonally adjusted Reserve aggregates (adjusted)1 Total reserves2 Nonborrowed reserves Nonborrowed reserves plus extended credit3 Required reserves Monetary base4 41,346 40,879 40,992 40,752 176,873 40,342 39,915 40,048 39,868 175,785 40,767 40,190 40,377 40,368 174,639 15.0 13.8 14.0 11.4 9.4 13.9 15.7 16.1 12.1 8.9 7.0 8.2 8.0 6.3 7.7 4 weeks ended Week ended Jan 19 41,193 40,497 40,642 40,443 176,524 Percent change Average of 4 weeks ended January 19, 1983P 4 weeks averages 13 weeks 26 weeks' 52 weeks previous previous previous Seasonally adjusted annual rates Jan 12 Jan 19 Dec 22 Not seasonally adjusted Other reserve measures and Interest rates Discount window borrowing ($ mil.) Includes: seaeonal borrowings of extended credit of Federal funds rate 3-month Treasury bill rate 90 day dealer placed commercial paper 5 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate® 8.49 7.63 8.01 8 . 15 8.76 10.67 8.42 7.76 8.11 8.30 8.75 10.67 8.98 7.84 8,27 8.40 8.99 10.66 8.77 7.97 8.51 8.70 9.59 10.62 1 Reserve a g g r e g a t e s i n c l u d e required r e s e r v e s of member banks and Edge Act Corporations and o t h e r depository institutions. D i s c o n t i n u i t i e s a s s o c i a t e d with t h e implementation of t h e Monetary Control Act, the i n c l u s i o n of Edge Act Corporation r e s e r v e s , and o t h e r changes i n R e g u l a t i o n D have been removed. Beginning with the week ended December 31, 1981, r e s e r v e s a g g r e g a t e s have been reduced by s h i f t s of r e s e r v a b l e l i a b i l i t i e s t o i n t e r n a t i o n a l banking f a c i l i t i e s (IBFs). 2 Reserve b a l a n c e s with Federal Reserve Banks (which e x c l u d e required c l e a r i n g balances) p l u s v a u l t cash a t i n s t i t u t i o n s with required r e s e r v e b a l a n c e s plus v a u l t cash e q u a l t o r e q u i r e d r e s e r v e s a t other institutions. 3 Extended c r e d i t c o n s i s t s of borrowing a t t h e d i s c o u n t window under the terms and c o n d i t i o n s e s t a b l i s h e d f o r the extended c r e d i t program t o h e l p d e p o s i t o r y i n s t i t u t i o n s d e a l with, s u s t a i n e d l i q u i d i t y p r e s s u r e s . Because there i s not t h e same need t o repay such borrowing promptly a s t h e r e i s with t r a d i t i o n a l s h o r t term adjustment c r e d i t , the money market impact of extended c r e d i t i s s i m i l a r t o t h a t of nonborrowed reserves. 4 I n c l u d e s r e s e r v e b a l a n c e s and required c l e a r i n g b a l a n c e s a t Federal Reserve Banks i n t h e c u r r e n t week p l u s v a u l t cash held two weeks e a r l i e r used t o s a t i s f y r e s e r v e requirements at a l l d e p o s i t o r y i n s t i t u t i o n s p l u s currency o u t s i d e the U.S. Treasury, Federal Reserve Banks, the v a u l t s of d e p o s i t o r y i n s t i t u t i o n s , and s u r p l u s v a u l t cash a t d e p o s i t o r y i n s t i t u t i o n s . 5 On Jan. 12, 1983 b a n k - r e l a t e d commercial paper o u t s t a n d i n g was $33,347 m i l l i o n . 6 Yield at 20-year c o n s t a n t m a t u r i t y . Source: U.S. Treasury. Note: A l l percentage changes are a t s e a s o n a l l y a d j u s t e d annual r a t e s , not compounded. P — i n d i c a t e s preliminary d a t a .
@FedFRASER