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FEDERAL RESERVE statistical release
For Release at 4:15 p.m. Eastern Time

H.9 (511)

NUVEMBEK

WEEKLY SUMMARY OF RESERVES AND INTEREST RATES
Averages of daily figures

4 weeks ended

Week ended

HO*

9P

2B

1983

Percent change
Average of 4 weeks ended

Levels

HOT

14,

HOT

HoTember

Oct

9P

12P

9,

1983P

from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous
Seasonally adjusted annual rates

Millions of dollars, seasonally adjusted
1

Reserve aggregates (adjusted)
Total reserves2
Nonborrowed reserves
Nonborrowed reserves plus extended credit 3
Required reserves
Monetary base 4

37,121
36,078
36,081
36,586
184,700

37,489
37,044
37,049
37,112
185,054

37,510
36,851
36,879
37,086
184,755

—4.0
3.6
- 1 . 1
—4.1
6.9

1.8
3.0
0.5
1.8
7.7

5.4
5.1
4.7
5.3
9.2

4 weeks ended

Week ended
HOT

37,702
36,188
36,749
37,166
183,85*

MOT

HOT

Oct 12

Not seasonally adjusted
Other reserve measures and Interest rates
Discount window borrowing ($ mil.)
Includes: seasonal borrowings of
extended credit of
Federal funds rate
3-month Treasury bill rate
90 day dealer placed commercial paper 5
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate8

1
2
3

1043
123
3

9.36
8.75
9. 12
9.40
9.84
12.05

445
128

5
9.40
8.55
9.01
9.24
9.63
11.92

658
13.3
27
9.37
8.64
9.03
9.25
9.65
11.89

1515
173
562
9.50

8.80

9.08
9.25
9.58
11.71

Reserve aggregates include required reserTes of member hanks and Edge let Corporations and other depository institutions. Discontinuities associated with the implementation of the Monetary Control Act,
the inclusion of Edge Act Corporation reserTes, and other changes in Regulation D have been remoTed.
Reserve balances with Federal fieserTe Banks pins Tault cash at Institutions with required resexTe
balances plus Tault cash equal to required reserTes at other institutions.
,
Extended credit consists of borrowing at the discount window under the terms and conditions established
for the extended credit program to help depository institutions deal with sustained liquidity pressures.
Because there is not the same need to repay such borrowing promptly as there is with traditional shortterm adjustment credit, the money market impact of extended credit is similar to that of nonborrowed

4

Consists of reserve balances and serTice—related balances and adjustments at Federal ReserTe Banks in
the current week, plus Tault cash held two weeks earlier used to satisfy reserTe requirements at all
depository institutions plus currency outside the 0-S. Treasury, Federal Reserve Banks, and the vaults
of depository institutions, plus surplus vault cash at depository institutions.
5 oa NOVEMBER 2§ 1983 bank-related commercial paper outstanding was $37,096 million.
Yield at 20-year constant maturity.
Source: fl.S. Treasury.
Hote: All percentage changes are at seasonally adjusted annual rates, not compounded.
p—indicates preliminary data.