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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.