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FEDERAL

statistical

release

For Immediate Release

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of daily figures)

H.9
(lev- 9/77)

Reserve Aggregates^

Per cent Change (Seasonally Adjusted Annual Rates)

4 Weeks ended
Week ended
May 31 j May 3
May 31 j Way"??
T$ Ell., SA)

from 4 week averages
Average of 4 weeks ended
31* 1978
13 weeks previous |26 weeks previous " | 52 weeks previous

37.00
37.34
36.28
36.17
36.86
37.07
4 Weeks ended
April 26
May 24
O Bil., SA)

37.03
37.58
36.33
36.18
36.79
36.96
Week ended

Monetary Aggregates
(Currency plus demand deposits)
OL plus time deposits at commercial banks
other than l*rge time CD's)
Time deposits, all commercial banks
U.S. Government depend deposits, member banks

%

Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-a&afch Treasury bill rate
90-119 day dealer placed commercial paper 2/
3-month CD rate (secondary market) 3/
90-day CD rate (primary offering) 47
3-month Euro-dollar rate
U.S. Government bond rate 5/

June 1, 1978

Levels

Total reserves
Nonborrowed reserves
Required reserves

ISA—not seasonally adjusted

RESERVE

4.4
-3.9
4.2

7.6
5.6
7.5

7.4
4.7
7.3

Average of 4 weeks ended May 24, 1978
from 4 waeks average's"
13 weeks previous
| 26 weeks previous | 52 weeks previous

345.3

346.3

347.1

344.2

9.3

7.5

7.6

831.5
573.8
3.1

831.8
572.3
2.1

831.8
571.4
2.6

826.6
565.5
3.4

7.6
11.3

7.2
12.2

8.3
12.4

4

4 Weeks ended
Week ended
May 31
TEyl
May 31 | May 24
Q5sa5
1164
1399
721
701
96
115
104
46
7.36
7.36
7.43
6.95
6.43
6.59
6.43
6.29
7.19
7.09
6.84
7.14
7.43
7.08
7.52
7.48
7.29
6.91
7.40
7.40
7.62
7.86
7.76
7.43
8.50
8.46
8.46
8.34

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.
On May 24, 1978
bank-related commercial paper amounted to $10840 million.
Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
ioeted ranges" the annual interest rates most often queted on new offerings of negbtleble certificates of deposit in denominations of $100,000 or more.
Yield at 20-*year constant maturity. Source: U.S. Treasury