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statistical

r e l e a s e

For Immediate Release

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

H.9
(Rev. 9/77)

Per cent Change (Seasonally Adjusted Annual RatesT

Levels

Monetary Aggregates

from 4 week averages
| 52 weeks previous

Week ended
4 Weeks ended
May 9 I May 2
Kay 9 Upril 11
($ M l . / S A )

Average of 4 weeks ended
May 9, 1979
13 weeks previous |26 weeks previous

40.53
41.19
40.80
40.54
39.05
39.98
39.64
39.64
40.51
41.02
40.66
40.34
144.4
145.3
144.7
143.9
Week ended
4 Weeks ended
May 2 | April 25
May 2 1 April 4
CS Bil., SA)

1.9
-7.2
-2.4
1.8
-8.8
-2.5
2*0
-6.1
-2.3
2.8
5.3
7.3
from 4 vaeks averages
Average of 4 weeks ended May 2, 1979
13 weeks previous
| 26 weeks previous | 52 weeks previous

Reserve Aggregates!/
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2/

May 10, 1979

%

(Currency plus demand deposits)
(M plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks

364.0

365.9

364.3

359.3

5.7

1.5

4.5

891.7
621.1

892.4
620.9

890.5
620.9

880.7
619.5

7.2
2.9

4.4
7.5

7.1
9.5

Other Reserve Measures & Interest Rates

Week ended
4 Weeks ended
May 9 | May 2
May 9 "[April 11
(NSA)

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) 3/

1489
163
10.25
9.65
9.92
10.21

1217
164
10.22
9.48
9.76
9.94

1162
148
10.13
9.47
9.86
10.09

900
126
9.99
9.54
9.87
10.09

10.88
9.31

10.71
9.25

10.72
9.21

10.61
9.07

3-month Euro-dollar rate
U.S. Government bond rate 4/
NSA—not seasonally adjusted
i/

rrrrr:

SA—seasonally adjusted

^ reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregates reflect changes in Regulation D. Per
. . .
° 8r<wth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes.
1
1/ v a U
° 2 r ® 8 e r v e s Cmsuber bank reserve balances in the current week plus 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 nonmeo&er banks.
On
May 2, 1979
, bank-related commercial paper amounted to $17,349 million.
e
offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
V4*P
I Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE:
All percentage changes are at seasonally adjusted annual rates, not compounded.