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FEDERAL RESERVE statistical release
H.9 (511)

For Immediate Release
November 23, 1979

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
Averages of daily figures
Levels
Week ended

4 weeks ended

Nov. 21
Nov. 14
Nov. 21
Oct. 24
Billions of dollars, seasonally adjusted
Reserve aggregates 1
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2

43,416
41,552
43,184
153,410

43,125
41,267
42,864
152,842

43,222
41,045
42,895
152,988

41,954
40,317
41,678
151,149

Reserve aggregates ( a d j u s t e d ) 3
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2

43,071
41,207
42,839
153,065

42,315
40,457
42,054
152,032

42,803
40,626
42,476
152,570

42,274
40,637
41,998
151,468

Week ended

Monetary aggregates
M-1 (Currency plus demand deposits)
M-2(M-1 plus time deposits at commercial
banks other than large time CD's)
Time deposits, all commercial banks

Other reserve measures and interest rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rale
3-month Treasury bill rate
90 — day dealer placed commercial paper 4
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate 5

4 weeks ended

Nov. 14P Nov. 7p
Nov. 14p
Oct. 17p
Billions of dollars, seasonally adjusted
378.5

379.5

377.8

937.0
942.4
940.2
655.7
656.9
647.6
Week ended
4 weeks ended
Nov. 21 1 Nov. 14 I Nov. 21 I Oct. 24
Not seasonally adjusted
1858
133
13,30
12.11
14*90
14.28
15.43
10.47

2177
156
13.95
12.07
14.02
14.34
15.48
10.47

9.2
3.0
6.3
-0.2
2.8
8.2
11.2
10.2
7.7
Average of 4 weeks ended
Nov. 14, 1979
from 4 weeks averages
13 weeks
26 weeks
52 weeks
previous
previous
previous
Seasonal y adjusted annual rates
15.0
4.0
13.7

5.0

379.2

943.5
659.5

1865
151
13.10
11.87
13.58
14.06
15.16
10.45

Percent change
Average of 4 weeks ended
Nov. 21, 1979
from 4 weeks averages
26 weeks
52 weeks
13 weeks
previous
previous
previous
Seasonally adjusted annual rates

1637
158
13.07
11.42

7.1

4.8

15.9
:::ssr.:a:::

m

*12.81
13.25
14.13
9.80

1 Includes required reserves against deposits at member banks and Edge Act corporations; against bank related commercial paper; and
marginal reserves against selected borrowings of member banks, Edge Act corporations and agencies and branches of foreign banks.
Marginal required reserves averaged $ 346
million in the week ending November 21, 1979 and $ 811
million in the week
ending November 14, 1979.
2 Includes total reserves (reserve balances of member banks, Edge Act corporations and agencies and branches of foreign banks in the current
week and vault cash held two weeks earlier); currency outside the U.S. Treasury, Federal Reserve banks and the vaults of commercial banks;
and vault cash of nonmember banks.
3 Reserve aggregates series have been adjusted to remove discontinuities associated yvith marginal reserve requirements and changes in other
reserve requirement regulations.
4 On November 21,1979 bank-related commercial paper outstanding was $ 21,204 million.
5 Yield at 20-year constant maturity. Source: U.S. Treasury.
BOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.
* Prior to November 1, 1979, this series reflects yields on 90-119 day commercial paper.