Full text of H.9 Weekly Summary of Reserves and Interest Rates : June 10, 1983

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FEDERAL RESERVE statistical release
'•WsP:-'
^ o r Release at 4:15 p.m. Eastern Time

H.9 (511)

WEEKLY SUMMARY OF RESERVES AND INTEREST RATES
Averages of daily figures

June

Levels
4 weeks ended

Week ended

June

8P

June

IP

June

8P

Hay

IIP

Millions of dollars, seasonally adjusted
Reserve aggregates (adjusted)1
Total reserves2
Nonborrowed reserves
Nonborrowed reserves plus extended credit 3
Required reserves
Monetary base4

41,582
40,676
41,129
40,833
184,146

41,671
40,538
41,068
41,094
184,005

41,422
40,406
40,909
40,881
183,471

8

m a

Percent change
Average of 4 weeks ended
June
8 , 1983P
from 4 weeks averages
26 weeks
52 weeks
13 weeks
previous
previous
previous
Seasonally adjusted annual rates
7.8
4.5
6.4
7.3
10.5

4.5
2.3
3.9
3.8
10.2

6. 9
7.3
8.2
6.4
8.8

4 weeks ended

Week ended
June

41,322
40,455
40,927
40,887
181,859

io.

June

1

June

8

Bay

11

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 paper*
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate®

906
107
453
8.84
8.67
8.84
9.07
9.58
11.12

1133
108
530
8.77
8.56
8.67
8.89
9.41
11.01

1016
103
503
8.73
8.42
8.56
8.76
9.26
10.91

867
90
472
8.64
8.09
8.32
8.43
8.96
10.53

lulHHUinnllniHHHnHiHHIInl

1 R e s e r v e a g g r e g a t e s i n c l u d e r e q u i r e d r e s e r v e s o f member b a n k s a n d Edge A c t C o r p o r a t i o n s a n d o t h e r d e p o sitory institutions.
D i s c o n t i n u i t i e s a s s o c i a t e d w i t h the implementation o f the Monetary C o n t r o l Act,
t h e i n c l u s i o n o f Edge A c t C o r p o r a t i o n r e s e r v e s , a n d o t h e r c h a n g e s i n R e g u l a t i o n D h a v e been r e m o v e d .
B e g i n n i n g w i t h t h e week e n d e d December 3 1 , 1 9 8 1 , r e s e r v e s a g g r e g a t e s h a v e b e e n r e d u c e d by s h i f t s o f
reservable l i a b i l i t i e s t o i n t e r n a t i o n a l banking f a c i l i t i e s (IBPs)2
Reserve b a l a n c e s w i t h F e d e r a l Reserve Banks (which e x c l u d e r e g u i r e d c l e a r i n g b a l a n c e s ) p l u s v a u l t cash
a t i n s t i t u t i o n s w i t h r e q u i r e d r e s e r v e balances p l u s v a u l t cash e q u a l t o r e q u i r e d r e s e r v e s a t other
3

Extended c r e d i t
f o r the extended
Because t h e r e i s
term adjustment

4

c o n s i s t s o f b o r r o w i n g a t t h e d i s c o u n t window under t h e t e r m s and c o n d i t i o n s e s t a b l i s h e d
c r e d i t program t o help d e p o s i t o r y i n s t i t u t i o n s deal w i t h s u s t a i n e d l i q u i d i t y pressures.
n o t t h e same n e e d t o r e p a y s u c h b o r r o w i n g p r o m p t l y a s t h e r e i s w i t h t r a d i t i o n a l s h o r t c r e d i t , t h e money m a r k e t i m p a c t o f e x t e n d e d c r e d i t i s s i m i l a r t o t h a t o f n o n b o r r o w e d

i n c l u d e s r e s e r v e b a l a n c e s a n d r e q u i r e d c l e a r i n g b a l a n c e s a t F e d e r a l R e s e r v e B a n k s i n t h e c u r r e n t week
p l u s v a u l t c a s h h e l d two weeks e a r l i e r used t o s a t i s f y r e s e r v e r e q u i r e m e n t s a t a l l d e p o s i t o r y i n s t i t u t i o n s p l u s c u r r e n c y o u t s i d e t h e U.S. T r e a s u r y , F e d e r a l Reserve Banks, t h e v a u l t s of d e p o s i t o r y i n s t i t u t i o n s , and s u r p l u s v a u l t c a s h a t d e p o s i t o r y i n s t i t u t i o n s .
5
on J u n e 1 , 1983 b a n k - r e l a t e d c o m m e r c i a l p a p e r o u t s t a n d i n g was $ 34,685 m i l l i o n .
6
y i e l d at 20-year constant m a t u r i t y .
Source:
U.S. T r e a s u r y .
Note:
A l l p e r c e n t a g e changes a r e a t s e a s o n a l l y a d j u s t e d a n n u a l r a t e s , n o t compounded.
P—indicates preliminary data.




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