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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 9, 1980 Levels Week ended May 7 April 30 4 weeks ended May 7 April 9 Millions of dollars, seasonally adjusted Reserve aggregates1 Total reserves Nonborrowed reserves Required reserves Monetary base 2 44,471 43,142 44,108 157,846 44,626 41,962 44,410 158,316 44,788 42,582 44,477 157,949 44,248 41,670 44,010 157,214 Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves Monetary base 2 43,597 42,268 43,234 156,972 43,492 40,828 43,276 157,182 43,522 41,316 43,211 156,683 43,384 40,807 43,146 156,351 Week ended April 3Op April 23p 4 weeks ended April 3Op April 2p 369.5 387.4 375.1 392.1. Billions of dollars, seasonally adjusted Monetary aggregates M-1A (Currency plus demand deposits) M-1B (M-1A plus other checkable deposits) 365.5 382.9 368.4 386.8 Week ended May 7 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 rate5 1329 155 12..96 9..67 ' 11.,07 11.,30 12..96 10.,40 I April 30 6.1 5.3 3.5 6.4 3.7 -5.5 5.7 4.9 4.5 6.4 8.0 5.2 Average of 4 weeks ended April 30, 1980 from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonal y adjusted annual rates -3.2 -1.6 0.9 1.9 3.8 4.8 4 weeks ended May 7 Not seasonally adjusted 2664 172 15.12 11.17 13.03 13.59 15.33 11.01 Percent change Average of 4 weeks ended May 7, 1980 from 4 weeks averages 52 weeks 13 weeks 26 weeks previous previous previous Seasonally adjusted annual rates 2206 157 16. 00 11. 88 14. 08 14. 40 15. 98 10, 95 1 April 9~ 2577 163 18,,11 14.,94 17.,19 17,,88 19.,26 12.,35 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 $ 840 million in the week ending May 7, 1980 and $1097 million in the week ending A p r i l 30, 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 A p r i l 30, 1980 bank-related commercial paper outstanding was $ 22581 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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