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FEDERAL

H.9
(Rev. 9/77)

R E S E R V E

Total reserves
Nonborrowed r e s e r v e s
Required r e s e r v e s
Monetary Bas©=•'

Monetary Aggregates
M- (Currency plus demand d e p o s i t s )
BC (M. plus time d e p o s i t s a t commercial banks
o t h e r than l a r g e time CD's)
Time d e p o s i t s , a l l commercial banks
U.S. Government demand d e p o s i t s , member banks

Other Reserve Measures & I n t e r e s t Rates
Member bank borrowings ($ m i l . )
Includes s e a s o n a l borrowings o f :
Federal funds r a t e
3-month Treasury b i l l r a t e
90-119 day d e a l e r placed commercial paper 3 /
3-month CD r a t e (secondary market) 4y
3-month E u r o - d o l l a r r a t e
U.S. Government bond r a t e 5/

release

For Immediate Release
March 29, 1979

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of d a i l y f i g u r e s )

Per cent Change (Seasonally Adjusted Annual Rates)

Levels

Reserve A g g r e g a t e s ^

statistical

Week ended
4 Weeks ended
Mar. 28 | K a r . 21 Mar.28
I Feb. 28
($ B i l . , SA)

Average of 4 weeks ended March 28, 1979
urn.
••
lAJ weeks
I p r-e v ito u s
13 weeks
p r e v iIo u s- 126

from 4 week a v e r a g e s
gn weeks p
n-ratH
|I 52
r e v i oAna
us

40.78
40.76
40.09
40.99
39.78
39.78
39.01
39.97
40.69
40.55
40.22
40.81
143.9
143.3
143.4
144.0
Week ended
4 Weeks ended
Mar. 21 I Mar. 14 | Mar. 21 | Feb. 21
C$ B i l . , SA)

3.1
-2.0
-3.9
1.4
-1.9
-5.8
3.4
-1.5
-3.1
7.7
5.9
5.0
Average o f T w e e k s ended March 21, 1979 from 4 waeks a v e r a g e s
13 weeks p r e v i o u s
| 26 weeks p r e v i o u s | 52 weeks p r e v i o u s

359.8

358.7

358.8

359.0

-2.4

-0.6

4.7

879.7
618.8

879.0
620.4

878.6
620.5

876.6
619.7

1.4
6.2

3.5
9.6

7.0
10.8

4 Weeks ended
Week ended
Mar. 28 | Mar. 21 |Mar. 28 "pFeb. 28
CNSA)
973
1023
1004
1082
114
123
118
133
10.06
10.09
10,09
10.00
9.49
9.33
9.52
9.51
9.96
9.92
9.95
9.81
10.18
10.15
10.20
10.09
10.79
10.66
10.74
10.63
9.04
9.09
9.08
9.06

::::::::::

jiiiiiifillillllifli

N3A—not .seasonally a d j u s t e d .
SA—seasonally a d j u s t e d
1/ Includes r e q u i r e d r e s e r v e s a g a i n s t Eurodollar borrowings and b a n k - r e l a t e d commercial p a p e r . Reserve aggregates r e f l e c t changes i n Regulation D.
2/ Per cent annual r a t e s of growth f o r required r e s e r v e s and o t h e r r e s e r v e aggregates have been a d j u s t e d t o remove t h e e f f e c t of t h e s e s t r u c t u r a l changes.
I f Includes t o t a l r e s e r v e s (member bank r e s e r v e balances i n t h e c u r r e n t week p l u s v a u l t cash h e l d two weeks e a r l i e r ) , currency i n c i r c u l a t i o n (currency
o u t s i d e the U.S. T r e a s u r y , Federal Reserve banks and t h e v a u l t s of commercial b a n k s ) , and v a u l t cash of nonmember banks.
3/ On March 21, 1979 b a n k - r e l a t e d commercial paper amounted t o $16,287 m i l l i o n .
4J Simple average of o f f e r i n g r a t e s of n e g o t i a b l e c e r t i f i c a t e s of d e p o s i t with 3-month m a t u r i t y i n secondary market.
5/ Yield a t 20-year c o n s t a n t m a t u r i t y . Source: U.S. Treasury.
NOTE: All percentage changes a r e a t s e a s o n a l l y a d j u s t e d annual r a t e s , not compounded.




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