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For Immediate Release

Reserve Aggregates-^*
Total reserves
Nonborrowed reserves
Required reserves
Monetary Base l!

Monetary Aggregates
>L (Currency plus demand deposits)
(**i P l u s 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/

March 22, 1979

Per cent Change (Seasonally Adjusted Annual Rates)"

Levels

1/

r e l e a s e

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

H.9
(lev. 9/77)

*SA—not seasonally adjusted

s t a t i s t i c a l

Week ended
I 4 Weeks
Vfceks ended
Mar. 21 | Mar. 14 I Mar. 21 |reb. 21
($ Bil., SA)

Average of 4 weeks ended March 21, 1979 from 4 week aver*
| 52 weeks previous
13 weeks previous |26 weeks previous

40.75
41.14
41.04
40.80
39.86
40.08
40.01
39.80
40.67
40.87
40.81
40.66
143.7
143.5
143.8
144.2
Week ended
| 4 Weeks ended
Mar. 14 j Mar. 7 | Mar. 14 |Feb. 14
($ Bil., SA)

3.2
-1.4
-5.0
1.6
-2.0
-8.5
3.3
-1.1
-4.3
7.9
6.4
5.1
Average of 4 weeks ended March 14, 1979" from 4 waeks averages
13 weeks previous
| 26 weeks previous | 52 weeks previous

359.0

360.2

358.5

358.9

-2.7

-0.2

4.7

879.0
620.4

879.7
620.7

877.9
621.0

875.9
618.9

1.2

3.8
10.3

7.0
11.2

6.8

Week ended
4 Weeks ended
21 |Mar. 14 "Mar. 2l | Feb. 21
I W
882
1023
1059
1004
123
108
112
115
10.09
10.21
10.08
10.11
9.52
9.50
9.29
9.47
9.95
9.97
9.96
9.97
10.20
10.16
10.17
10.19
10.64
10.74
10.75
10.71
9.08
9.10c
8.98
9.10
Mar

SA—seasonally adjusted

Includes required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregares reflect changes In Regulation D.
Per 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 In circulation (currency
outside the U.S. Treasury, Federal Reserve banks and the vaults of commercial banks), and vault cash of nonmember banks.
On March 14, 1979, bank-related commercial paper amounted to $16,195 million.
Simple average of offering rates of negotiable certificates of deposit with 3-mbnth maturity In secondary market.
Yield at 20-7ear constant maturity. Source: U.S. Treasury.
NOTE
All percentage changes are at seasonally adjusted annual rates, not compounded.

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