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FEDERAL RESERVE statistical release For Immediate Release H.9 (511) WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures May 16, 1980 Levels Week ended 4 weeks ended April 16 May 14 May 7 May 14 Millions of dollars, seasonally adjusted Reserve aggregates1 Total reserves Nonborrowed reserves Required reserves Monetary base2 43,851 42,830 43,860 157,723 44,409 43,080 44,108 158,269 44,545 42,653 44,312 158,136 44,542 42,056 44,210 157,315 Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves Monetary base2 42,867 41,846 42,876 156,739 43,536 42,207 43,235 157,396 43,436 41,544 43,203 157,027 43,283 40,887 43,041 156,146 Week ended 4 weeks ended April 9p May 7p April 3Op May 7p Billions of dollars, seasonally adjusted Monetary aggregates M-1A (Currency plus demand deposits) M-1B (M-1 A plus other checkable deposits) 371.2 388.6 365.4 383.0 369.0 386.9 374.3 391.6 Percent change Average of 4 weeks ended May 14, 1980 from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates 5.5 -0.5 5.5 6.3 4.6 7.7 5.0 6.6 5.8 4.7 5.6 8.2 Average of 4 weeks ended May 7, 1980 from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates -4.7 -3.0 0.2 1.2 3.5 4.5 4 weeks ended Week ended May 14 I April 16 May 7 May 14 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 day dealer placed commercial paper 4 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rateS 1021 47 10.85 8.52 9.41 9.81 11.16 10.42 1329 155 12.96 9.67 11.07 11.30 12.96 10.40 1892 133 14.12 10.54 12.21 12.57 14.14 10.70 2396 159 18.64 14.71 17.13 17.65 19.15 12.13 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 $ 952 million in the week ending May 14, 1980 and S 840 million in the week ending May 7, 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 May 7, 1980 bank-related commercial paper outstanding was $ 22668 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 week-to-week changes in money supply data, which are often highly volatile and subject to revision in subsequent weeks and months.
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