The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
VQf'jpW^-. F E D E R A L R E S E R V E statistical release For Immediate Release WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) J u l y 6, 1978 H.9 (Rev. 9/77) Per cent Change (Seasonally Adjusted Annual Rates) Levels 4 Weeks ended Week ended J u l y 5 | Ju n e 7 J u l y 5 | June 28 ($ Bil., SA) Reserve Aggregates^ 39.25 38.06 38.10 Total reserves Nonborrowed reserves Required reserves M- (Currency plus demand deposits) MT (H. plus time deposits at commercial banks other than large time CD's) Time deposits, all commercial banks U.S. Government demand deposits, member banks 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-motith CD rate (secondary market) 3/ 90-day CD rate (primary offering) 4/ 3-month Euro-dollar rate U.S. Government bond rate 5/ 1/ 38.23 37.01 37.78 37.23 36.33 37.06 4 Weeks ended Week ended June 28 I June 21 I Ju n e 28 I May 31 ($ Bil., SA) Monetary Aggregates NSA—not seasonally adjusted 37.62 35.90 37.38 Average of 4 weeks ended J u l y 5, 1978 13 weeks previous 126 weeks previous from 4 week averages | 52 weeks previous 9.1 10.7 16.1 6.4 7.2 6.1 8.6 9.7 13.5 from 4 waeks averages Average of 4 weeks ended June 28, 1978 13 weeks previous | 26 weeks previous | 52 weeks previous 349.9 349.2 350.5 348.4 11.4 8.0 8.1 841.9 577.5 3.3 839.4 576.4 6.1 840.8 576.9 3.5 834.2 572.5 2.6 9.3 9.9 8.1 11.8 8.6 12.4 4 Weeks ended Week ended June 28 J u l y 5 T Ju n e July 5 (NSA) 1194 140 7.72 6.99 7.78 8.07 8.00 8.63 8.65 1716 135 7.78 6.87 7.75 8.04 8.00 8.65 8.60 1225 126 7.63 6.81 7.68 7.94 7.84 8.46 8.56 903 105 7.40 6.48 7.18 7.50 7.34 7.93 8.47 **#*#***##*##*###»**»***»##**##**###**#**####»*#*#*#*#****»# ##»#############*####»##»*****»*******»******** fa#**#*#########**#****#******#*#************** • •«••»•••••••••«•••••••••• •••••••••••••••••••••«••••*•••«••• *##*«*»####»#*#»#*##########*###*»*##»####»#»*###*#***#*»*#* **#*###*#*#»**#*#»*»#***»*»******++*******"**** **##*##**####*«*#*##»##**#***»**###$#»#*##*»#**##*%####»**## ••••••••••••••••••••••••••••••••••••••I* SA—seasonally adjusted 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 J u n e 28, 1978 bank-related commercial paper amounted to 12027 million. 2/ Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market. 4/ Posted ranges-the interest rates most often queted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more. 5/ Yield at 20-year constant maturity. Source: U.S. Treasury NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.