The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release H.9 (511) For Release at 4:10 p.m. EST WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures March Levels Week ended Mar. Reserve aggregates (adjusted)1 Total reserves 2 Nonborrowed reserves Nonborrowed reserves plus extended credit 3 Required reserves Monetary base 4 M1 Sum of currency, travelers checks, demand deposits, and other checkable deposits. Other reserve measures and interest rates Discount window borrowing ($ mil.) Includes: seasonal borrowings of extended credit of Federal funds rate 3-month Treasury bill rate 90 day dealer placed commercial p a p e r 5 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate 6 4 weeks ended 40,696 39,249 41,018 39,452 40,871 39,165 41,435 39,702 39,555 40,442 167,289 39,740 40,482 168,059 39,426 40,517 167,766 39,910 41,104 167,961 Mar. 4 weeks ended 3p F e b . 2 4 p M a r . 3p [ F e b . 3p Billions of dollars, seasonally adjusted 448.3 444.9 446.8 449 . 1 Week ended 4 weeks ended M a r t 10_ I M a r , 3 M a r . 10 I F e b . 10 Not seasonally adjusted 1447 151 306 14.35 12.25 13.43 13.77 14.41 13.64 1566 147 288 14.07 12.32 13.63 14.04 14.84 13.85 1982 Percent change l O p M a r . 3p M a r . lOp [Feb. lOp Millions of dollars, seasonally adjusted Week ended 12, 1705 145 261 14.47 12.95 14.13 14.56 15.27 14.05 Average of 4 weeks ended March 1 0 , 1982p from 4 weeks averages 13 weeks 26 weeks 52 weeks previous previous previous Seasonally adjusted annual rates 5.2 -7.2 4.3 3.7 4.5 3.4 —5.8 4.2 4.0 4.6 4.4 4.4 7.4 5.5 5.4 Average of 4 weeks ended March 3 , 1982p from 4 weeks averages 13 weeks 26 w e e k s | 52 weeks previous previous | previous Seasonally adjusted annual rates 9.3 7.4 6.3 1733 98 208 14.23 13.11 13.96 14.40 15.11 14.64 1 Reserve aggregates include required reserves of member banks and Edge Act corporations and other depository institutions. Discontinuities associated with the implementation of the Monetary Control Act, the inclusion of Edge Act Corporation reserves, and other changes in Regulation D have been removed. Beginning with the week ended December 23, 1981, reserves aggregates have been reduced by s h i f t s of reservable l i a b i l i t i e s to International Ranking F a c i l i t i e s (IBFs). 2 R e s e r v e b a l a n c e s w i t h F e d e r a l R e s e r v e Banks (which e x c l u d e r e q u i r e d c l e a r i n g b a l a n c e s ) p l u s v a u l t c a s h a t i n s t i t u t i o n s with r e q u i r e d r e s e r v e balances p l u s v a u l t cash equal t o r e q u i r e d r e s e r v e s a t o t h e r i n s t i t u t i o n s . 3 Extended credit consists of borrowing a t the discount window under the terms and conditions established for the extended credit program to help depository institutions deal with sustained liquidity pressures. Because t h e r e i s n o t t h e same need t o r e p a y such b o r r o w i n g p r o m p t l y a s t h e r e i s w i t h t r a d i t i o n a l s h o r t - t e r m a d j u s t m e n t c r e d i t , t h e money m a r k e t impact of e x t e n d e d c r e d i t i s s i m i l a r t o t h a t o f nonborrowed r e s e r v e s 4 includes reserve balances and required clearing balances a t Federal Reserve Banks in the current week plus vault cash held two weeks e a r l i e r used to s a t i s f y reserve requirements a t a l l depository institutions plus currency outside the U.S. Treasury, Federal Reserve Banks, the vaults of depository i n s t i t u t i o n s , and surplus vault cash a t depository institutions. 5 Ch March 3, 1982 bank-related commercial paper outstanding was $33,415 million. 6 Yield a t 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.
@FedFRASER