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•Mm*. FEDERAL RESERVE statistical release For Release at 4:15 p.m. Eastern Time H.9(511) NOVEMBER 28, 1983 WEEKLY SUMMARY O F R E S E R V E S A N D INTEREST R A T E S Averages of daily figures Percent change Average of 4 weeks ended Levels 4 weeks ended Week ended Nov 23P Nov 16P Nov 23P November 2 3 , 1983P from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates Oct 26P Millions of dollars, seasonally adjusted Reserve aggregates (adjusted)1 Total reserves2 Nonborrowed reserves Nonborrowed reserves plus extended credit3 Required reserves Monetary base 4 37,534 36,719 36,723 37,126 186,048 37,287 36,263 36,267 36,634 185,826 37,654 36,697 37,018 37,117 184,337 4 weeks ended Week ended Nov 23 37,007 36,177 36,181 36,498 185,333 Nov 16 Nov 23 Cct 26 " 3.5 2.9 2.4 3.2 9. 3 -0.5 0.0 -2.7 -0.7 7.4 -7.2 -0.4 —5. 6 -7.9 7.2 " " Illi-SillSiiii | : 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 paper5 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate6 1 1024 9.26 8.81 9.39 11.89 9.42 8.78 9.14 9.38 9.75 11.92 9.36 8.72 9.10 9.35 11.95 9.55 8.66 9.00 9.18 9.53 11.73 Reserve 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 of member banks and Edge Act Corporations aqd other depository 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 with t h e implementation of the Monetary Control Act, the i n c l u s i o n of Edge Act Corporation r e s e r v e s , and other changes i n R e g u l a t i o n D have been removed. 2 Reserve balances with Federal Reserve Banks p l u s v a u l t cash a t i n s t i t u t i o n s with r e q u i r e d r e s e r v e b a l a n c e s p l u s v a u l t c a s h e g u a l t o r e q u i r e d r e s e r v e s at o t h e i i n s t i t u t i o n s . 3 Extended c r e d i t c o n s i s t s of borrowing a t the d i s c o u n t window under the terms and c o n d i t i o n s e s t a b l i s h e d f o r the extended c r e d i t program t o h e l p d e p o s i t o r y i n s t i t u t i o n s d e a l with s u s t a i n e d l i q u i d i t y p r e s s u r e s . Because t h e r e i s not the same need t o repay such borrowing promptly 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 term adjustment c r e d i t , the money market impact of extended c r e d i t i s s i m i l a r t o t h a t of nonborrowed reserves. 4 C o n s i s t s of 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 adjustments a t Federal Reserve Banks i n the 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 two weeks e a r l i e r used t o s a t i s f y r e s e r v e requirements at 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 currency o u t s i d e the 0 . 5 . Treasury, Federal Reserve Banks, and the 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 M0VEHBE8 16, 1983 b a n k - r e l a t e d commercial paper o u t s t a n d i n g was $37,116 m i l l i o n . f i e l d a t 20-year c o n s t a n t m a t u r i t y . Sources 0 . 5 . Treasury. Vote: A l l percentage changes are a t s e a s o n a l l y a d j u s t e d annual r a t e s , not compounded. P — i n d i c a t e s preliminary d a t a .
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