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FEDERAL RESERVE statistical release
.f^rfrs?

For Release at 4:10 p.m. ^DT
NOVEMBER 1 9 , 1982

H.9 (511)

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
Averages of daily figures

Average of 4 weeks ended
4 weeks ended

Week ended

HO? 17P
Reserve aggregates (adjusted)1
40,771
Total reserves2
40,029
Nonborrowed reserves
3
4
0,217
Nonborrowed reserves plus extended credit
40,371
Required reserves
174,474
Monetary base4

OCT 20P
HO? 17P
NO? 10P
Millions of dollars, seasonally adjusted
39,660
38,940
39,130
39,240
172,729

.

40,195
39,602
35,790
39,765
173,452

39,706
39,146
39,265
39,326
172,467

H0?BMBER 1 7 , 1982P
from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous
Seasonally adjusted annual rates
14.4
13.8
15.1
13.3
8.4

8.3
12.6
12.5
7.9
7.3

7.4
8.8
8.4
7.2
7.8

Average of 4 weeks ended
4 weeks ended

Week ended

HO? 10P
M1
Sum of currency, travelers checks, demand
deposits, and other checkable deposits.

473.1

OCT 13P
HO? 10P
HO? 3P
Billions of dollars, seasonally adjusted

463.2

473.2

4 weeks ended

Week ended
HO? 17

HO?BMBBR 10, 1982P
from 4 weeks averages
52 weeks
26 weeks
13 weeks
previous
previous
previous
Seasonally adjusted annual rates

HO? 10

HO? 17

OCX 20

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 paper6
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate*

1

9.45
8.72
9.93

10.62

9.73
10.54

593
66
188
9.48
7 . 98

8.80

9.07
9.86
10.71

560
93
119

10.01
7 . 60
9.65
9.97
10.95

11.20

RBSER?E AGGREGATES .INCLUDE REQUIRED RBSBR?BS OF MEMBER BANKS AND EDGE ACT CORPORATIOHS AND OTHEB DEPOSITORY INSTITUTIONS.
DISCONTINUITIES ASSOCIATED HITH THE IMPLEMENTATION Of THE MONETARY CONTROL ACT,
THE INCLUSION Of EDGE ACT CORPORATION RESEB?ES, AND OTHER CHANGES I N REGULATION D HA?E BEEN BEHOVED.
BEGINNING HITH THE HBEK ENDED DECEMBER 3 1 , 1981 RESER?ES AGGREGATES HA?E BEEN REDUCED BY SHIFTS OF
BESESVABLE L I A B I L I T I E S TO INTERNATIONAL BANKING F A C I L I T I E S ( I B f S ) .
2 RESERVE BALANCES HITH FEDERAL RESERVE BANKS (HHICH EXCLUDE REQUIRED CLEARIHG BALANCES) PLUS ?AULT CASH
AT INSTITUTIONS WITH REQUIRED BBSEBVB BALANCES PLUS ?AULT CASH EQUAL TO REQUIRED RESBR?BS AT OJ?HBR
INSTITUTIONS.
3
EXTENDED CREDIT CONSISTS Of BORROHING AT THE DISCOUNT HINDOH UNDER THE TERMS AHD COHDITIOHS ESTABLISHED
fOR THE EXTENDBiD CREDIT PROGRAM TO HELP DEPOSITORY INSTITUTIONS DEAL HITH SUSTAINED L I Q U I D I T Y PRESSURES.
BECAUSE THERE I S HOT THE SAME HEED TO REPAY SUCH BORROHIHG PROMPTLY AS THERE I S H U H TRADITIONAL SHORTTERM ADJUSTMENT CREDIT, THE MONEY MARKET IMPACT O f EXTENDED CREDIT I S SIMILAR TO THAT Of NONBORROWED
RESER?ES.
4 INCLUDES RESER?E BALANCES AND REQUIRED CLEARING BALANCES AT fBDERAL RESBR?E BANKS I H THE CURRENT HBEK
PLUS ?AULT CASH HELD TWO WEEKS EARLIER USED TO SATISFY BBSER?E REQUIREMENTS AT ALL DEPOSITORY I N S T I T U TIONS PLUS CURRENCY OUTSIDE THE U . S . TREASURY, FEDERAL RBSBR?B BAHKS, THE ?AULTS Of DEPOSITORY I N S T I T U TIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS.
5 ON NOV. 1 0 , 1982 BANK—RELATED COMMERCIAL PAPER OUTSTANDING HAS $ 3 4 , 0 1 1 MILLIOH.
6 YIELD AT 20-YEAR CONSTANT MATURITY.
SOURCE:
U . S . TREASURY.
NOTE: ALL PERCENTAGE CHANGES ARB AT SEASONALLY ADJUSTED ANHUAL RATES, HOT COMPOUNDED.
P—INDICATES iPRELIMIHARY DATA.
SPECIAL CAUTIOH SHOULD BE TAKBH I H IHTBBPRBTIHG WEBK-TO-HBBK CHANGES
I N HONEY SUPPLY DATA, HHICH ARE OfTBH HIGHLY ?OLATILE AHD SUBJECT TO RBVISIOH I H SUBSBQUBHT HBEKS
AHD MOHTHS.