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

H.9 (511)

NOVEMBER

WEEKLY SUMMARY OF RESERVES AND INTEREST RATES
MYBigypa vi uouy nym«<»

4 weeks ended

Oct
Vov 16P
lor
9P
Nov 16P
Millions of dollars, seasonally adjusted

1
1
i

Total reserves 2
Nonborrowed reserves
Nonborrowed reserves plus extended credit 3
Required reserves
Monetary base 4

37,267
36,2*3
36,2*7
36,636
185,572

37,181
36,138
36,1*1
36,580
184,972

Sov
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 6
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate®

16

1024
112
4
9.42
8.78
9.1*
9.38
9.75
11.92

37,**8
36,679
36,683
36,932
185,119

19P

37,5*5
36,*60
36,916
37,060
18*,0*8

4 weeks ended

Week ended

Nov 16
*ov
9
Not seasonally adjusted
10*3
123
3
9.36
8.75
9.12
9-*0
9.8*
12.05

1983

Percent change
Average of 4 weeks ended

Levels
Week ended

18,

769
127
*
9.39
8.68
9.07
9.31
9.70
11.93

Oct

Woveuber 1 6 , 1 9 8 3 P
from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous
Seasonally adjusted annual rates
-3.0
4. 1
-1.0
-3.8
7.5

4.9
4.5
3.9
4.6
9.2

2.2
3.4
0.6
1.9
7.8

iHinnnuuHnnuHinniiuuiHi
19

1135
161
*56
9.47
8.71
9.00
9.18
9.51
11.70

ijilijijlllijjjjijiiijiiijiiijiiijjniiiS'
BiiiliiiB
[iHHunHHHHnHHinuHHninil

•••••III
V .

R e s e r v e a g g r e g a t e s i n c l u d e r e q u i r e d r e s e r v e s o f member b a n k s a n d E d g e l e t C o r p o r a t i o n s and o t h e r d e p o sitory institutions.
D i s c o n t i n u i t i e s a s s o c i a t e d w i t h t h e i m p l e m e n t a t i o n o f t h e flonetary C o n t r o l l e t ,
t h e i n c l u s i o n o f Edge l e t C o r p o r a t i o n r e s e r v e s , and o t h e r c h a n g e s i n R e g u l a t i o n D h a v e b e e n r e m o v e d .
2 R e s e r v e b a l a n c e s w i t h F e d e r a l R e s e r v e Banks p l u s v a u l t c a s h a t i n s t i t u t i o n s w i t h r e q u i r e d r e s e r v e
balances plus vault cash equal to required reserves at other i n s t i t u t i o n s .
3
E x t e n d e d c r e d i t c o n s i s t s o f b o r r o w i n g a t t h e d i s c o u n t window u n d e r t h e t e r n s a n d c o n d i t i o n s e s t a b l i s h e d
for the extended c r e d i t progran t o h e l p depository i n s t i t u t i o n s deal with s u s t a i n e d l i q u i d i t y pressures.
Because t h e r e i s not t h e s a n e need t o repay such borrowing p r o u p t l y a s t h e r e i s with t r a d i t i o n a l s h o r t t e r m a d j u s t m e n t c r e d i t , t h e money u a r k e t i u p a c t o f e x t e n d e d c r e d i t i s s i m i l a r t o t h a t o f n o n b o r r o w e d
reserves.
.
,
e
4 C o n s i s t s o f r e s e r v e b a l a n c e s and s e r v i c e — r e l a t e d b a l a n c e s and a d j u s t n e n t s a t F e d e r a l R e s e r v e B a n k s i n
t h e c u r r e n t week p l u s v a u l t c a s h h e l d t w o w e e k s e a r l i e r u s e d t o s a t i s f y r e s e r v e r e q u i r e m e n t s a t a l l
d e p o s i t o r y i n s t i t u t i o n s p l u s c u r r e n c y o u t s i d e t h e 0 . S . T r e a s u r y , F e d e r a l R e s e r v e B a n k s , and t h e v a u l t s
of d e p o s i t o r y i n s t i t u t i o n s , p l u s s u r p l u s v a u l t cash a t d e p o s i t o r y i n s t i t u t i o n s .
5 on NOVEMBER 9 , 1 9 8 3 b a n k - r e l a t e d c o n n e r c i a l p a p e r o u t s t a n d i n g w a s $ 3 7 , 1 * 6 n i l l i o n Tield at 20-year c o n s t a n t n a t u r i t y .
Sources
U.S. Treasury.
Note:
i l l percentage changes are a t s e a s o n a l l y adjusted annual r a t e s , not conpounded.
P—indicates prelininary data.
1