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FEDERAL RESERVE statistical release
For Immediate Release

H.9 (511)

July 7, 1980

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
Levels
Week ended

4 weeks ended

June 4
July 2
June 25
July 2
Millions of dollars, seasonally adjusted
Reserve aggregates 1
Total reserves
Nonborrowed reserves
Required reserves
Monetary base2

43,858
43,510
43,603
159,672

43,657
43,339
43,465
158,704

43,794
43,428
43,618
158,878

Reserve aggregates (adjusted) 3
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2

43,559
43,211
43,304
159.373

43,367
43,049
43,175
158.413

43,260
42,894
43,084
1 SB,344

Week ended
June 25p

June 18p

44,578
43,718
44,386
158,766

43,410
42,549
43,218
1S7,598

4 weeks ended
June 25p

May 28P

Billions of dollars, seasonally adjusted
Monetary aggregates
M-1A (Currency plus demand deposits)
M-1B (M-1 A plus other checkable deposits)

Other reserve measures and interest rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90 day dealer placed commercial paper*
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate5

371.9
391.6

372.7
392.6

348
5
9.41
7.82
8.30
8.59
9.61
10.10

318
8
9.08
7.12
8.08
8.36
9.25
9.70

367.9
370.9
386.3
390.4
4 weeks ended
Week ended
July 2
1 June 4
| June 25
July 2
Not seasonally adjusted
366
9
9.29
7.08
8.16
8.42
9.33
9.84

Percent change
Average of 4 weeks ended
J u l y 2 , 1980
from 4 weeks averages
52 weeks
13 weeks
26 weeks
previous
previous | previous
Seasonally adjusted annual rates

6.0
0.1
9.0
5.1
6.2
1.6
6.2
8.?,
Average of 4 weeks ended
June 25, 1980
from 4 weeks averages
52 weeks
13 weeks
26 weeks
previous
previous | previous
Seasonally adjusted annual rates

-0.1
24.3
-0.3
s.s

-2.5
-0.8

0.9
2.3

3.2
4.4

861
35
10.44
8.12
8.98
9.25
10.53
10.44

1 Includes required reserves against deposits at member banks and Edge Act corporations; against bank related commercial paper; and marginal
reserves against selected borrowings of member banks, Edge Act corporations and agencies and branches of foreign banks. Marginal required
reserves averaged $265
million in the week ending J u l y 2 , 1980
and $ 257 million in the week ending June 25, 1980.
2 Includes total reserves (reserve balances of member banks, Edge Act corporations and agencies and branches of foreign banks in the current
week and vault cash held t w o weeks earlier); currency outside the U.S. Treasury, Federal Reserve banks and the vaults of commercial banks;
and vault cash of nonmember banks.
3 Reserve aggregates series have been adjusted to remove discontinuities associated with marginal reserve requirements and changes in other
reserve requirement regulations.
4 On
June 2 5 , 1980
bank-related commercial paper outstanding was $ 22,603 million.
5 Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.
p-Indicates preliminary data. Special caution should be taken in interpreting week-to-week changes in money supply data, which are often
highly volatile and subject to revision in subsequent weeks and months.




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