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.•SsSffiBS-. 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.
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