Full text of H.9 Weekly Summary of Reserves and Interest Rates : November 30, 1981

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• O^GOW/

FEDERAL RESERVE statistical release
• f*4L
For Immediate Release

H.9 (511)

November 30, 1981

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
Averages of daily figures

Percent change 7
Average of 4 weeks ended

Levels
4 weeks ended

Week ended
Nov, 25 p

Nov, 18 P

Nov. 25 P

1 Oct. 28 P

Millions of dollars, seasonally adjusted
Reserve aggregates (adjusted)1
Total reserves2
Nonborrowed reserves
Nonborrowed reserves plus
extended credit 3
Required reserves
Monetary base4

40,111
39,774

40,256
39,695

40,196
39,410

40,251
39,076

39,897
40,051
164,698

39,821
40,062
164,584

39,613
39,954
164,470

39,512
40,072
163,889

Nov. 18
Oct. 2 V
Nov, l r
Nov. 18 F
Billions of dollars, seasonally adjusted
362.0
360.3
437.4
435.7
Week ended
Nov. 25
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 paper 5
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate 6

337
69
123
12.42

10.20
11.26
11.64
12.35
13.20

3.1
11.3

2.8 (2.0)
6.3 (5.5)

6.9 (6.1)
12.4
11.7
2.8
3.4 (2.7)
3.3
4.4 (4.2)
2.9
3.5
Average of 4 weeks ended
from 4 weeks averages
1 3 weeks
26 weeks
52 weeks
previous
previous
previous
Seasonally adjusted annual rates

-2.2
2.1

360.2
361.1
434.3
433.1
4 weeks ended

Nov. 25
1 Nov. 18
Not seasonally adjusted
561
101
126
13.17
10.54
12.04
12.29
13.09
13.39

3.7
10*2

4 weeks ended

Week ended

Monetary aggregates
M1-A (Currency plus demand deposits)
M1-B (M1-A plus other checkable deposits)

from 4 weeks averages
13 weeks
26 weeks
52 weeks
previous
previous
previous
Seasonally adjusted annual rates

786
109

S
S
.
6
0
11.25
12.64
13.01
13.80
13.84

-Oct. 28

-3.2

0.6

—8.0
3.6

An

1175
154

4

.15
i13.60
14.88
15.43
16.38
15.14

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 $
million in the week
ending
and $
million in the week ending
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 with marginal reserve
requirements and changes in other reserve requirement regulations.
4 On November 18 bank-related commercial paper outstanding was $31,786 million.
5 Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.
p—Indicates preliminary data.
Special caution should be taken in interpreting week-to-week changes in
money supply data, which are often highly volatile and subject to revision in subsequent weeks and months.
1