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FEDERAL RESERVE statistical release
For Immediate Release
March 7, 1980

H.9 (511)
WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
Averages of daily figures
Levels
Week ended
Mar. 5

Feb. 27

4 weeks ended
Mar. 5

Feb. 6

Millions of dollars, seasonally adjusted
Reserve aggregates 1
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2

43,684
41,176
43,128
156,375

43,490
41,433
43,718
156,003

43.502
41.503
43,313
155,866

43,383
42,133
42,976
154,944

Reserve aggregates ( a d j u s t e d ) 3
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2

43,300
40,792
42,744
155,991

43,151
41,094
43,379
155,664

43,165
41,166
42,976
155,529

43,103
41,852
42,696
154,664

Week ended

4 weeks ended

Feb. 27p
Feb. 2Op
Feb. 27p
Jan. 30p
Billions of dollars, seasonally adjusted
Monetary aggregates
M-1A (Currency plus demand
deposits)
M-1B(M-1A plus other checkable
deposits)

374.7
391.2

377.5
394.1

376.4
392.8

Percent change
Average of 4 week* ended
March 5, 1980
from A weeks averages
52 weeks
13 weeks
26 weeks
previous
previous
previous
Seasonal y adjusted annual rates

5.0
8.1
5.3
2.7
4.4
4.5
5.0
8.5
5.3
8.4
8.4
8.3
Average of 4 weeks ended
February 27, 1980
from 4 weeks averages
26 weeks
52 weeks
13 weeks
previous
previous
previous
Seasonal y adjusted annual rates

372.6

7.2

6.0

7.6

389.0

7.7

6.4

8.9

Not seasonally adjusted
Other reserve measures and interest rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90 — d a y dealer placed commercial paper 4
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate5

2508
114
16.17
14.62
15.34
15.97
17.16
12.34

2057
109
14.62
13.63
14.60
15.30
16.46
12.87

1999
104
14.83
13.32
14.16
14.74
15.84
12.37

1251
78
13.51
12.03
13.03
13.38
14.27
10.93

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 $ 343
million in the week ending March 5 , 1980
and $ 297 .
million in the week
ending February 27, 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 February 27,1980bank-related commercial paper outstanding was $ 22,854
million.
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 veek-to-treek changes in mon'ey
supply data, which are often highly volatile and subject to revision ±n subsequent weeks and months.