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SS&SS&L FEDERAL RESERVE statistical release For Release at 4:10 p.m. EOT J U L ! 3 0 , 1982 H.9 (511) WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures Week ended JOLT 28P JOLT 21P 4 weeks ended JOLT 28P JONE 3 0 P Millions of dollars, seasonally adjusted Reserve aggregates (adjusted)1 Total reserves2 Nonborrowed reserves Nonborrowed reserves plus extended credit 3 Required reserves Monetary base4 41,688 41,140 41,164 41,417 172,713 41,667 41,072 41,105 41,361 172,686 41,418 40,725 40,778 41,090 172,417 Average of 4 weeks ended JOLT 2 8 , 1982P from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates 2.6 11.6 9.6 2.0 6.6 41,430 40,214 40,316 41,148 172,114 ~ 4 weeks ended Week ended JOLT 21P JOLT 14 J? JOLT 21P JONB 23P Billions of dollars, seasonally adjusted Sum of currency, travelers checks, demand deposits, and other checkable deposits. 451.6 450.8 4.2 7.1 7.3 4.3 6.1 Average of 4 weeks ended JOLY 2 1 , 1982P from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates 452.5 4 weeks ended Week ended JOLT 28 450.0 1.1 5.1 4.3 1.6 6.1 JOLT 21 JOLT 28 JOMB 30 •••Hi:::::::::: 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 rate6 1 548 188 24 11.02 10.51 11.68 12.08 13.08 13.58 595 239 33 12.14 11.06 12.61 13.34 14.10 13.54 693 227 54 12.70 11.51 13.14 13.67 14.49 13.79 1216 240 102 14.21 12.51 14.04 14.54 15.54 14.22 IBBllllllllllllllll ::::::::::::::::: RESERVE AGGREGATES IHCLODE HBQOLRED BBSBBVES OP HEHBEB BANKS AND EDGE ACT COBPCBATIONS AND OTHER DEPOSITOR! INSTITOTIONS. D I S C O N T I N C I T I E S ASSOCIATED WITH THE IMPLEMENTATION OP THE HONETAST CONTBOL ACT, THE INCLUSION OF EDGE ACT COBPOBATION BBSBBVES, AND OTHEB CHANGES I N SBGOLAIION D HAVE B i E N BEHOVED. BEGINNING WITH THE WEEK ENDED DECEHBEB 3 1 , 1981 BBSBBVES AGGREGATES HAVE BEEN BBDOCED BT SHIFTS OF BESERVABLE L I A B I L I T I E S TO INTEBNATIONAL BANKING F A C I L I T I E S ( I B P S ) . 2 RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH BXCLODB REQUIRED CLBABING BALANCES) PLOS VAOLT CASH AT INSTITOTIONS WITH BEQOIBED BBSBBVB BALANCES PLOS VAOLT CASH BQOAL TO BBQOIBBD BBSBBVES AT OTHEB INSTITOTIONS. 3 EXTENDED CREDIT CONSISTS OF BOBBOWING AT THE DISCOONT WINDOW ONDEB THE XEBHS AND CONDITIONS ESTABLISHED FOB THE EXTENDED CREDIT PBOGBAH TO HELP DEPOSITOBT INSTITOTIONS DEAL WITH SOSTAINBD L I Q O I D I T T PRESSURES. BECAUSE THERE I S NOT THE SAME NEED TO BEPAT SUCH BOBBOWING PfiOAPTLT AS TBEfiE I S WITH TBADITIONAL SHORTTERM ADJUSTMENT CREDIT, THE MONET MABKET IMPACT OF EXTENDED CREDIT I S S I M I L A B TO THAT OF NONBOBBOWED RESERVES. 4 INCLUDES RESERVE BALANCES AND BBQOIBBD CLBABING BALANCES AT FEDBBAL BBSBBVB BANKS I N THE COBBENT WEEK PLOS VAOLT CASH HELD TWO WEEKS EARLIER OSBD TO SATISFT BBSBBVB fiBQOIBEMBNTS AT ALL DEPOSITOBT I N S T I T O TIONS PLUS COBRBNCT OOTSIDB THE O . S . IBBASOBT, FEDBBAL BBSBBVB BANKS, THE VAOLIS OF .DEPOSITOBT I N S T I T O T I O N S , AND SUFPLOS VAOLT CASH AT DEPOSITOBT I N S T I T O T I O N S . 5 ON JOLT 2 1 , 1982 BANK-BELATED COMMBBCIAL PAPBB OUTSTANDING WAS $ 3 7 , 1 0 4 M I L L I O N . 6 H E L D AT 20-YEAR CONSTANT HATOBITT. SOURCE: O . S . IBBASOBT. NOTE: ALL PEBCENTAGE CHANGES ABB AT SBASONALLT ADJOSTBD ANNUAL BATES, NOT COMPOOMDED. P—INDICATES PRELIMINART DATA. SPECIAL CAOTION SHOOLD BE TAKEN I N INTBBPBBTING WEEK-TOMEEK CHANGES I N MONET SOPPLT DATA, WHICH ABB OFTEN HIGHLT VOLATILE AND SOBJBCI TO BEVISION I N SOBSEQOENT WEEKS AND MONTHS.
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