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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 OF BANKING AND CREDIT MEASURES (Averages of daily figures) H.9 (Rev. 9/77) June 8 , 1978 Per cent Change (Seasonally Adjusted Annual Rates) Levels Week ended June 7 4 Weeks ended May 10 Average v of 4T weeks ended June 7,/ y 1978 w a 13 weeks previous |26 weeks previous J / from 4 week averages | 52 weeks previous Reserve Aggregated 37.17 36.53 37.06 Total reserves Nonborrowed reserves Requited reserves 37.28 36.38 37.07 37.15 36.05 36.96 4 Weeks ended Week ended May 3 May 31 | May 24 May 31 ($ Bll., SA) Monetary Aggregates M (Currency plus demand deposits) XT (M plus time deposits at commercial banks ^ other than large time CD's) Time deposits, all commercial banks U.S. Government demand deposits, member 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 2/ 3-month CD rate (secondary market) JB/ 90-day CD rate (primary offering) 4/ 3-month Euro-dollar rate U.S. Government bond rate 5/ NSA—not seasonally adjusted 37.45 36.05 36.96 5.5 -0.2 5.6 7.4 6.8 7.5 7.4 5.5 7.4 Average of 4 weeks ended May 31, 1978 from 4 weeks averages' 13 weeks previous | 26 weeks previous |52 weeks previous 349.6 345.4 346.9 346.3 9.0 7.4 7.5 837.2 575.3 2.9 831.5 573.8 3.1 832.7 573.0 2.6 829.1 566.7 3.3 7.7 11.3 7.2 12.1 8.3 12.4 4 Weeks ended Week ended June 7 | May 10 June 7 | May 31" CNSA) 903 646 1100 1399 105 111 54 115 7.40 7.47 7.09 7.36 6.48 6.61 6.30 6.59 7.18 7.34 6.88 7.19 7.50 7.15 7.54 7.52 7.34 7.35 6.99 7.40 7.93 8,02 8.00 7.52 8.47 8.48 8.36 8.50 SA—seasonally adjusted i] Includes required reserves against Eurodollar borrowings and bsnk-reiated 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/ On May 31, 1978 bank-related commercial paper amounted to $11043 million. 3/ Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market. 4/ Posted ranges * the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more. 5/ 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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