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FEDERAL RESERVE statistical release . m l R£ For Immediate Release H.9 (511) June 13, 1980 WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures Levels Week ended June 11 June 4 4 weeks ended June 11 May 14 Millions of dollars, seasonally adjusted Reserve aggregates 1 Total reserves Nonborrowed reserves Required reserves Monetary base2 44,095 43,694 44,019 158,075 45,222 44,763 44,797 159,718 44,626 43,921 44,437 158,888 44,558 42,665 44,312 158,113 Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves Monetary base2 42,796 42,395 42,720 156.776 43,906 43,447 43,481 159,402 43,369 42,663 43,179 157,630 43,449 41,556 43,203 157,004 Week ended June 4p May 28p 4 weeks ended June 4p May 7p 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 paper4 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rateS 371.8 389.9 369.8 370.6 368.9 387.3 388.2 386.9 Week ended 4 weeks ended June 11 June 4 June 11 1 May 14 Not seasonally adjusted 401 15 9. 68 6. 89 8. 28 8. 54 9. 45 9. 96 459 21 10.74 7.71 8.85* 8.88 10.08 10.44 706 27 10, 15 7. 71 8. 70 8. 94 10. 10 10. 33 Percent change Average of 4 weeks ended June 11, 1980 from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates 0.4 2.5 6.7 9.4 7.7 6.6 2.9 4.5 8.3 6.5 Average of 4 weeks ended June 4, 1980 from 4 weeks averages 52 weeks 13 weeks 26 weeks previous previous previous Seasonal y adjusted annual rates 18.6 1.0 -5.5 -4.3 0.7 1.6 3.7 4.7 1892 133 14,.12 10,,54 12,.21 12,.57 14,.14 10..70 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 $ 1267 million in the week ending June 11, 1980 and $ 1282 million in the week ending June 4 , 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 two 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 4, 1980 bank-related commercial paper outstanding was $ 21899 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-lndicates 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.
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