Full text of H.9 Weekly Summary of Reserves and Interest Rates : November 17, 1977

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F E D E R A L

R E S E R V E

Reserve Aggregates^

For Immediate Release

Per cent Change (Seasonally Adjusted Annual Rates)

4 Weeks ended
Week ended
Nov. 16 | Nov. 9
"Nov. 16 j Oct. 19
($ Bil., SA)

Average of 4 weeks ended November 16. igyfrom 4 week averages
13 weeks previous |26 weeks previous
| 52 weeks previous

36.03
35.14
35.87

36.07
35.07
35.74

35.85
34.72
35.62

4 Weeks ended
Week ended
Oct. 12
Nov. 2 I Nov. 9
Nov. 9
($ Bilw, SA)

Monetary Aggregates
(Currency plus demand deposits)
(M plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper 2J
3-month CD rate (secondary market) 3/
90-day CD rate (primary offering) 4/
3-month Euro-dollar rate
U.S. Government bond rate 5/

November 17, 1977

Levels

36.39
35.85
35.75

Total reserves
Nonborrowed reserves
Required reserves

1/

release

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of daily figures)

H.9
(Rev. 9/77)

NSA- not seasonally adjusted

statistical

333.6

331.2

333.2

332.2

799.9
798.0
796.3
801.6
534.4
537.4
528.3
535.1
3.3
2.5
3.8
3.4
Week ended
4 Weeks ended
Nov. 16 I Oct. 19
Nov. 16 I Nov. 9
(NSA)
534
81
6.42
6.10
6.56
6.68
6.55
7.09
7.75

887
87
6.58
6.17
6.57
6 74
6 60
7 23
7 82

995
97

50
6 , 13
6,56
6 , 70
6 , 57
7,13
7.77
6,

5.1
0.1
3.7

6.4
1.6
5.7

5.4
2.8
5.2

Average of 4 weeks ended November 9, 1977 from 4 waeks averages"
13 weeks previous
| 26 weeks previous [52 weeks previous
6.1

7.8

7.3

6.9
10.5

9.0
11.2

9.8
11.4

1128

114
6.42
6.10
6..39
6..55
6..46
7..06
7.. 66

SA—seasonally adjusted

Includes required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregates reflect changes in Regulation D. Per
cent annual rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes.
On November 9, 1977 bank-related commercial paper amounted to 8662 million.
Average of range of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
Posted ranges = the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more
Yielc at 20-year constant maturity. Source: U.S. Treasury
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.

1