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0 FEDERAL RESERVE statistical release *• H.9(511) . For Release at 4:15 p.m. Eastern Time NGVEflBEB 29, 1983 WEEKLY SUMMARY OF RESERVES AND INTEREST RATES Averages of daily figures Levels Week ended Nov 2 3 P 4 weeks ended Nov 16P Nov 2 3 P Oct 26P Millions of dollars, seasonally adjusted Reserve aggregates (adjusted)1 Total reserves 2 Nonborrowed reserves Nonborrowed reserves plus extended credit 3 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 Nov 16 Nov 2 3 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 5 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate 6 lUMSil 1 1024 8.81 9.42 8.78 9.39 9.38 11.89 11.92 9. 11 1.5 2.1 -0.7 1.3 7.8 4.5 4.0 3.4 4.3 9.3 Oct 26 Not seasonally adjusted Other reserve measures and Interest rates -3.2 3.7 -1.5 -3.9 8.0 4 weeks ended Week ended Nov 23 37,379 36,549 36,553 36,870 185,506 Percent change Average of 4 weeks ended November 2 3 , 1983P from 4 weeks averages 26 weeks 52 weeks 13 weeks previous previous previous Seasonally adjusted annual rates FfrHfH«::: inHlkiiffiiilliiiliiniih 8.72 9 . 10 9.35 9.55 8.66 9.00 9.53 11.73 •• Hi: :Kss::::::n::sh:! i «i:3; i 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 a*d other depcsitory 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, t h e i n c l u s i o n of Edge Act Corporation r e s e r v e s , and o t h e r changes i n R e g u l a t i o n D have teen removed. 2 Reserve b a l a n c e s with Federal Reserve Banks p l u s v a u l t c a s h at i n s t i t u t i o n s with required r e s e r v e b a l a n c e s p l u s v a u l t cash equal t o required r e s e r v e s at o t h e r 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 o t borrowing at 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 as 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 o t 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 a d j u s t m e n t s a t Federal Beserve Banks in 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 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 currency o u t s i d e the U.S. 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 MOVBflBEB 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 . H e l d at 20-year constant maturity. Source: O.S. Treasury. flutes A l l p e r c e n t a g e changes a r e 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—indicates preliminary data.
@FedFRASER