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L o O ^ V F E D E R A L statistical R E S E R V E For Immediate Release WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Average* of daily figures) H.9 (lev. 9/77) Week ended July 19 |July 12 | June 21 Average of 4 weeks ended July 19, 1978 13 weeks previous |25 weeks previous from 4 week averages | 52 weeks previous ($ Bil., SA) 1/ 39.24 37.65 38.89 Total reserves Honborrowed reserves Required reserves 37.29 36.38 37.45 Week ended July 12 |July 5 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 38.26 36.91 37.95 4 Weeks ended July 12 | June 14 ($ Bil./SA) 14.7 3.1 13.7 9.8 5.2 9.7 8.7 5.8 8.7 Average of 4 weeks ended July 12, 1978 from 4 waeks averages" 13 weeks previous | 26 weeks previous | 52 weeks previous 352.2 354.2 351.4 350.4 10.0 7.7 7.9 845.5 581.0 3.9 846.8 579.5 6.2 843.3 578.5 4.9 839.2 576.3 2.7 8.9 10.0 8.0 11.4 11.4 12.2 4 Weeks ended July 19 | June 21 TO 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 2/ 3-month CD rate (secondary market) 3/ 90-day CD rate (primary offering) 3-month Euro-dollar rate U.S. Government bond rate 5/ 37.60 36.60 37.41 I Week ended July 19 | July 12 NSA—not seasonally adjusted 4 Weeks ended July 19 July 20, 1978 Per cent Change (Seasonally Adjusted Annual Rates) Levels Reserve Aggregates release 1589 134 7.94 7.08 7.88 8.16 904 130 7.72 7.15 7.84 8.11 8.58 8.70 8.46 8.71 8.00 8.00 1315 135 7.79 7.02 7.81 8.10 8.00 8.58 8.67 1008 114 7.46 6.64 7.43 7.68 7.53 8.15 8.49 SA—seasonally adjusted 1/ 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 July 12, 1978 bank-related commercial paper amounted to 11,799million. 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 queted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more. Digitized for T/FRASER Yield at 20-year constant maturity. Source: U.S. Treasury http://fraser.stlouisfed.org/ NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded. Federal Reserve Bank of St. Louis