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F

E

D

E

R

A

R

L

E

S

E

R

V

E

4 Weeks ended
Week ended
Nov. 22 I Nov. 15
Nov. 22 I Oct. 25
($ Bil., SA)

Total reserves
Nonborrowed reserves
RequiiEd reserves

41.39
40.78
:4l.31

Week ended
Nov. 15 | Nov.8"
Monetary Aggregates

%

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

361.3

362.4

360.9

871.0
605.1

870.9
602.5

868.8
600.5

mr

Other Reserve Measures & Interest Rates

NSA—not seasonally adjusted

605
183

9.68

8.36
10.21
10.59
10.25
11.28
8.69

38.48
37.21
38.30

4 Weeks ended
Nov. 15 | Oct. 18
($ Bil., SA)

Week ended
Nov. 22 | Nov. 15
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper 2/
3-month CD rate (secondary market) 3/
90-day CD rate (primary offering) j4/
3-month Euro-doliar rate
U.S. Government bond rateJJ/

39.02
38.21
38.80

38.05
37.42
37.79

632
189
9.68
8.38
10.24
10.84
10.25
11.70
8.76

November 24, 1978

Per cent Change (Seasonally Adjusted Annual Rates)

Levels

1/

r e l e a s e

For Immediate Release

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

H.9
(Rev. 9/77)

Reserve Aggregate;

statistical

^nsry

362.7

866.8
591.2

Average of 4 weeks ended November 22, 197Sfrom 4 week averages
13 weeks previous 126 weeks previous
j 52 weeks previous

4.2
8.5
3.7

5.5
7.8
5.4

6.5

6.8
6.5

Average of 4 weeks ended November 15, 1978from 4 weeks averages
13 weeks previous
| 26 weeks previous | 52 weeks previous
5.5
8.5
13.2

7.4
8.4
11.0

8.1
11.9

4 Weeks ended
Nov. 22 | Oct. 25

811
199
9.61
8.49
9.95
10.58
10.08
11.38

8.76

1272
220
8.90
7.95

8.88

9.25
9.17
9.89
8.65

SA—seasonally adjusted

1/ 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 15, 1978 bank-related commercial paper amounted to 14,637million.
Simple average 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.
i Yield at 20--year constant maturity. Source: U.S. Treasury
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.