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FEDERAL RESERVE statistical release H.9 (511) WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures For Immediate Release November 1, 1979 Levels Week ended 4 weeks ended Oct. 31 Oct. 24 Oct. 31 Oct. 3 Billions of dollars, seasonally adjusted Percent change Average of 4 weeks ended Oct. 31, 1979 from 4 weeks averages 13 weeks 26 weeks 52 weeks previous previous previous Seasonal y adjusted annual rates • Reserve aggregates1 Total reserves Nonborrowed reserves Required reserves Monetary base2 *43,190 *40,128 *42,820 *152,907 41,753 38,793 41,602 150,895 *42,284 *40,161 *42,005 *151,610 41,514 40,196 41,344 150,168 42,836 39,774 42,466 152,553 42,063 39,103 41,912 151,205 42,438 40,315 42,159 151,764 41,816 40,499 41,647 150,471 iiiiii Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves Monetary base 2 Week ended 4 weeks ended Oct. 24p Oct. 17p Oct. 24p Sept. 26 Billions of dollars, seasonally adjusted Monetary aggregates M 1 (Currency plus demand deposits) M 2 (M-1 plus time deposits at commercial banks other than large time CD's) Time deposits, all commercial banks Other reserve measures and interest rates 377.5 377.6 8.0 938.3 938.9 931.2 649.6 651.1 641.3 Week ended 4 weeks ended Oct. 31 I Oct. 2k Oct, 31 I Qr.t. i Not seasonally adjusted 11.1 15.3 378.8 379.1 7.4 1.9 13.2 -0.2 1.7 3.2 6.7 1.6 12.0 9.8 7.5 12.2 Average of 4 weeks ended Oct. 24, 1979 from 4 weeks averages 13 weeks 26 weeks 52 weeks previous previous previous Seasonal y adjusted annual rates 937.7 652.2 Member bank borrowings ($ mil.) 3056 Includes seasonal borrowings of: 187 Federal funds rate 15.61 3-month Treasury bill rate 12.13 90-119 day dealer placed commercial paper4 14.14 3-month CD rate (secondary market) 14.47 3-month Eurodollar rate 15.65 U.S. Government bond rate 5 10.40 2960 164 15.14 12.60 13.79 14.44 15.14 10.31 2121 160 13.99 11.89 13.41 13.86 14.84 10.06 1318 179 11.55 10.29 11.70 11.96 12.72 9.23 , 1 8.7 5.0 11.3 9.4 7.9 8.9 = ill 1 Includes required reserves against deposits at member banks and Edge Act corporations; against bank related commercial paper; and margins reserves against selected borrowings of member banks, Edge Act corporations and agencies and branches of foreign banks. Marginal required reserves averaged $ 356 million in the week ending October 31, 1979 and $ 0 million in the week ending October 24, 1979. 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. million. 4 On October 24, 1979bank-related commercial paper outstanding was $20,923 5 Yield at 20-year constant maturity. Source: U.S. Treasury. NOTE. All percentage changes are at seasonally adjusted annual rates, not compounded ITIN • Act corporations were not Included in total required reserves and the balances held by Edge Act corporations were b ™kS™ » v . the d l „
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