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FEDERAL RESERVE statistical release
•ftURfcSV

For Release at 4:15 p.m. EST

H>9(511)

JASUAflY 3, 1983

WEEKLY SUMMARY OF RESERVES AND INTEREST RATES

Averages of daily figures

Percent change
Average of 4 weeks ended

Levels
Week ended

Dec 22P

Dec 29P

4 weeks ended

Dec

Dec 29P

December 29, 1982P
IP

Millions of dollars, seasonally adjusted
Reserve aggregates (adjusted)1
Total reserves2
Nonborrowed reserves
Nonborrowed reserves plus extended credit 3
Required reserves
Monetary base4

41,437
40,746
40,937
40,559
176,015

40,949
4C,402
40,591
40,733
175,423

40,506
39,868
40,055
40,116
173,881

13.1
17.2
17.8
12.0
7.5

12.0
15.7
16.1
10.9
7.5

7.6
7.9
7.9
7.2
7.6

4 weeks ended

Week ended

Dec 29

40,872
40,278
40,466
40,372
175,051

from 4 weeks averages
52 weeks
13 weeks
26 weeks
previous
previous
previous
Seasonally adjusted annual rates

Dec 22

Dec 29

Dec

Not seasonally adjusted
Other reserve measures and Interest rates
Discount window borrowing ($ mil.)
Includes: seasonal borrowings of
extended credit of
Federal funds rate
3-month Treasury bill rate
90 day dealer placed commercial paper5
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate8

691
44
191
8,79
8.01
8. 47
8.53
9.36

10.68

547
38
189
8.69
7.88
8.48
8.64
9.56
10.67

595
33
189

8.80

7.92
8.49
8,64
9-49

10.61

638
45
187
a. 17
8.13
8.69
8.95
a. 78
10.59

ami
[Hiiilili

1 Reserve aggregates include required reserves of member banks ajid 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 removed.
Beginning with the week ended December 31, 1981, reserves aggregates have been reduced by shifts of
reservable liabilities to international banking facilities (IBFs) •
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
institutions.
3 Extended credit consists of borrowing at the discpunt window under the teres and conditions established
for the extended credit program to help depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly a.s there is with traditional shortterm adjustment credit, the money market impact of extended credit is similar to that of nonborrowed
reserves.
4 Includes reserve balances and required clearing balances at Federal Reserve 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 Dec. 22, 1982 bank-related commercial paper outstanding was $33,539 million.
6 Yield at 20-year constant maturity. Sources U.S. Treasury.
Note: All percentage changes are at seasonally adjusted annual rates, not compounded.
P—indicates preliminary data.




FEDERAL RESERVE statistical release
For Release at 4:15 p.m. EST
JABOABX 3 , 1983

K9(511)

WEEKLY SUMMARY OF OBSERVES AND INTEREST RATES
Averages of daily figures

Percent change
Average of 4 weeks ended

Levels
Week ended

Dec 22P

Dec 29P

4 weeks ended

Dec

Dec 29P

December 29, 1982P

IP

Millions of dollars, seasonally adjusted
Reserve aggregates (adjusted)1
Total reserves2
Nonborrowed reserves
Nonborrowed reserves plus extended credit3
Required reserves
Monetary base4

41,437
40,746
40,937
40,559
176,015

40,949
4C,402
40,591
40,733
175,423

40,506
39,868
40,055
40,116
173,881

13.1
17.2
17.8
12.0
7.5

12.0

15.7

16.1
10.9
7.5

7.6
7.9
7.9
7.2
7.6

4 weeks ended

Week ended

Dec 29

40,872
40,278
40,466
40,372
175,051

from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous
Seasonally adjusted annual rates

Dec 22

Dec 29

Dec

1

Not seasonally adjusted
Other reserve measures and Interest rates
Discount window borrowing ($ mil.)
Includes: seasonal borrowings of
extended credit of
Federal funds rate
3-month Treasury bill rate
90 day dealer placed commercial paper9
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate®

691
44
191
8.79
8.01
a. 47
8.53
9.36

10.68

547
38
189
8.69
7.88
8.48
8.64
9.56
10.67

595
33
189

8.80

7.92
8.49
8.64
9-49

10.61

638
45
187
a. 17
8.13
8.69
8.95
a. 78
10.59

1 Reserve aggregates include required reserves of member banks ajid 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 removed.
Beginning with the week ended December 31, 1981, reserves aggregates have been reduced by shifts of
reservable liabilities to international banking facilities (IBFs).
2 Reserve balances with Federal fieserve 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 discpunt 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 same need to repay such borrowing promptly a.s t h e m 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 Reserve Banks in the current week
plus vault cash held two geeks earlier used to satisfy reserve requirements at all depository institutions plus currency outside the 0.S. Treasury, Federal Reserve Banks, the vaults of depository institutions, and surplus vault cash at depository institutions.
5 on Dec. 22# 1982 bank-related commercial paper outstanding was $33,539 million.
6 Yield at 20-year constant maturity. Sources O.S. Treasury.
Mote: All percentage changes are at seasonally adjusted annual rates, not compounded.
P—indicates preliminary data.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102