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.O? GO V, F E D E R A L R E S E R V E statistical Levels Week ended May 24 | M a y l 7 ^ Reserve Aggregates-^ Total reserves Nonborrowed reserves Required reserves 37.09 36.40 36.79 Monetary Aggregates Other Reserve Measures & Interest Rates 4 Weeks ended May 24 [ April 26 M l . , SA) 37.30 36.07 37.08 NSA—not seasonally adjusted 36.90 36.52 36.77 3.8 -5.0 4.1 Simple NOTE: average 7.3 5.3 7.2 from 4 week averages | 52 weeks previous 7.1 4.2 7.0 Average of 4 weeks ended May 1/, 1978 from 4 wseks averages" 13 weeks previous | 26 weeks previous | 52 weeks previous 346.3 347.4 342.9 9.5 7.7 7.8 831.7 830.2 831.3 824.8 7.8 7.3 8.4 572.3 570.7 569.8 564.3 3.3 11.4 12.4 12.4 2.2 2.6 Week ended 4 Weeks ended May 24 | May 17 May 24 | April 26 (NSA) 701 104 7.43 6. 43 7. 14 7.48 7.40 7.86 8. 46 867 91 7. 34 6. 30 7.06 7. 45 7. 20 7. 84 8. 43 1230 82 7. 34 6. 38 7.02 7. 36 7. 20 7. 77 8.43 381 41 6. 85 6, 29 6. 80 7.01 6. 85 7.37 8. 32 SA—seasonally adjusted Includes required reserves against Eurodollar borrowings and bank-related commercial paper. s n ' . ' s " Average of 4 weeks ended May 24, 1978 13 weeks previous |26 weeks previous 346.2 2.1 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/ 90-day CD rate (primary offering) 4/ 3-month Euro-dollar rate U.S. Government bond rate bj I 37.52 36.65 37.50 May 25, 1978 Per cent Change (Seasonally Adjusted Annual Rates) Week ended 4 Weeks ended May 17 | May 10 May 17 | April 19 (TBil., SA) WLj (Currency plus demand deposits) #2 CK. plus time deposits at commercial banks other than large time CD's) Time deposits, all commercial banks U.S. Government demand deposits, member banks s r For Immediate Release WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) H.9 (Rev. 9/77) 1/ release h *v* Reserve aggregates reflect changes in Regulation D. " i ™ " 4 " — » • » « « « « • — Per ».«««.. of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market All percentage changes are at seasonally adjusted annual rates, not compounded. J
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