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GfLweJL .of cot FEDERAL RESERVE statistical release For Immediate Release H.9 (511) WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures June 6 , 1980 Levels Week ended June 4 May 28 4 weeks ended June 4 May 7 Millions of dollars, seasonally adjusted Reserve aggregates 1 Total reserves Nonborrowed reserves Required reserves Monetary base 2 45,245 44,786 44,788 160,173 44,385 43,262 44,380 159,044 44,584 43,723 44,395 158,882 44,772 42,566 44,478 158,057 Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves Monetary base2 43,929 43,470 43,472 158,856 43,037 41,914 43,032 157,695 43*405 42,544 43,216 157.703 43,506 41,300 43,212 156,793, Week ended May 28 May 21 4 weeks ended May 28 April 30 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 rate5 369.8 387.3 370.4 370.3 369.4 387.8 387.7 387.5 Week ended 4 weeks ended June 4 May 28 June 4 May 7 Not seasonally adjusted 459 21 10.74 7.71 8.85 1123 29 9.46 7.67 10.08 10.44 9.78 10.32 8.88 8.22 8.60 861 35 10.44 8.12 8.98 9.25 10.53 10.44 Percent change Average of 4 weeks ended June 4 , 1980 from 4 weeks averages 13 weeks 26 weeks 52 weeks previous previous previous Seasonally adjusted annual rates 2..4 3.8 6,.3 13,,6 9.0 8,.9 2,,3 3.8 6,,4 5,,7 7.0 8.,1 Average of 4 weeks ended May 28, 1980 from 4 weeks averages 13 weeks 26 weeks 52 weeks previous previous previous Seasonal y adjusted annual rates -6.5 -5.3 0.3 1.2 4.0 4.9 2206 157 16.00 11.88 14.08 14.40 15.98 10.95 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 $ 1282 million in the week ending June 4 , 1980 and $ 1315 million in the week ending May 28, 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 May 28 1980 bank-related commercial paper outstanding was $22 ,425million. 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.
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