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F E D E R A L R E S E R V E statistical release

*

For Immediate Release

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

8.9 (511)

Per cent Change (Seasonally Adjusted Annual Rates)

Levels

Reserve Aggregates^
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2/

Monetary Aggregates

%

(Currency plus demand deposits)
(H. plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks

Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper 3/
3-month CD rate (secondary market) 4/
3-month Euro-dollar rate
U.S. Government bond rate 5/

June 21, 1979

from 4 week averages
| 52 weeks previous

4 Weeks ended
Week ended
June 20 | June 13
June 20 I May 23
fT Bil., SA)

Average of 4 weeks ended June 20, 1979
13 weeks previous |26 weeks previous

40.04
40.39
40.67
40.66
38.82
38.74
39.13
39.33
40.21
39.97
40.55
40.60
144.9
145.4
144.9
145.9
4 Vfeeks ended
Week ended
June 13 1 June 6 1 June 13~1 MaX-lL.
C$ Bil.,SA)

-0.3
-3.8
-4.5
-1.7
-9.6
-9.1
-0.3
-4.3
-4.4
6.7
4.6
4.8
Average of 4 weeks ended June 13, 1979 from 4 weeks averages
13 weeks previous
I 26 weeks previous |52 weeks previous

368.4

371.0

367.0

364.9

9.7

3.5

4.2

902.6
618.7

903.4
618.3

898.9
619.1

892.5
620.6

9.7
-1.2

5.6
2.9

7.0
7.7

4 Weeks ended
Week ended
June 20 | May 23
June 20 | June 13
TNSAJ
1542
1584
1299
1324
166
190
183
186
10.22
10.26
10.28
10.23
9.60
9.27
8.98
9.06
9.91
9.85
9.86
9.67
10.13
10.02
9.90
9.99
10.76
10.53
10.40
10.49
9.25
8.98
8.88
8.92

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NSA—not seasonally adjusted

SA—seasonally adjusted

1/ Includes required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregates reflect changes in Regulation D. Par
cent annual rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes.
2/ Includes total reserves (member bank reserve balances in the current week plus 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.
On June 13, 1979, bank-related commercial paper amounted to $18,145 million.
Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.

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