View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
For Immediate Release

H.9 (511)
WEEKLY SUMMARY OF BANKING A N D CREDIT MEASURES
Averages of daily figures

Levels

Week ended
June 18

June 20, 1980
CORRECTED COPY

June 11

4 weeks ended
June 18

May 21

Millions of dollars, seasonally adjusted
Reserve aggregates1
Total reserves
Nonborrowed reserves
Required reserves
Monetary base2

43,520
43,124
43,436
158,572

44,085
43,684
44,019
158,537

44,303
43,708
44,158
158,972

44,435
42,972
44,232
158,215

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

43,215
42,819
43,133
158,268

42,784
42,383
42,718
157,237

c-43,236
42,641
43,091
157.905

43,420
41,957
43,217
157.201

Week ended

4 weeks ended

June l i p
June l i p
May 14
June 4p
Billions of dollars, seasonally adjusted
Monetary aggregates - REVISED SERIES
M-1A (Currency plus demand deposits)
M 1B (M-1A 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

368.6
366.3
384.9
3 8 7 .4
4 weeks ended
Week ended
May 21
June 18 | June l i t
June 18
Not seasonally adjusted
369.4
388.9

369,
388,

396

401
13
9, 68
6. 89
8, 28
8.54
9.45
9.96

11

8.99
6.49
7.97
8.17
8.99
9.61

595
19
9.72
7.19
8.33
8.55
9.58

10.08

Percent change
Average of 4 weeks ended
June 18, 1980
from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous
Seasonal y adjusted annual rates

0.2

1.4

21.5

6.8

-5.5
-4.1

0.4

6.2

8.9
6.3
2.4
0.2
3,3
AJJL
5-Q
Average of 4 weeks ended
June 1 1 , 1980
from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous
Seasonal y adjusted annual rates

1.6

3.2
4.3

1463
104
12.41
9.49
10.74
11.11
12.64
10.61

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 $ 270 million in the week ending June 18, 1980
and $ 1267 million in the week ending June 11, 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 11, 1980
bank-related commercial paper outstanding was $ 21976 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.
c - Corrected.