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FEDERAL

R E S E R V E

statistical

release

For Immediate Release

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

October 19, 1978

(lev. 9/77)
Per cent Change (Seasonally Adjusted Annual RatesT"

Levels
4 Weeks ended
Week ended
Oct. 18 I Sept. 20
Oct. 18 1 Oct. 11
($ Ml., SA)

Reserve Aggregates^

38.60
37.36
38.65

Total reserves
Nonborrowed reserves
Required reserves

M- (Currency plus demand deposits)
Mm (M_ plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal fund* 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) kj
3-month Euro-dollar rate
U.S. Government bond rate 5/
!/

38.03
37.12
37.81

4 Weeks ended
Week ended
Oct. 111 Oct. 4
Oct. 11 | Sept. 13
C$ Bil., SA)

Monetary Aggregates

ISA—not seasonally adjusted*"

38.59
37.26
38.40

38.58
37.34
38.19

Average of 4 weeks ended October 18, 1978 from 4 week averages
13 weeks previous 126 weeks previous
| 52 weeks previous
4.1
4.5
5.0

9.1
3.4
9.3

7.9
7.5
8.0

Average of 4 weeks ended October 11, 1978 from 4 weeks averages
13 weeks previous
| 26 weeks previous [ 52 weeks previous

364.0

360.2

361.8

358.7

9.2

9.8

8.2

869.1
591.5
3.6

864.4
591.2
5.2

865.1
590.8
4.6

858.1
586.5
3.1

10.4
10.2

9.5
9.8

8.4
11.9

Week ended
4 Weeks ended
Oct. 18 | Oct. 11 Oct. 18 | Sept. 20

mr

1249
220
8.78
7.91
8.97
9.26
9.38
9.91
8.64

1239
209
8.71
8.17
8.83
9.15
9.13
9.74
8.63

1333
212
8.74
8.04
8.74
9.05
8.98
9.66
8.63

905
189
8.32
7.64
8.19
8.40
8.23
8.86
8.41

SA—seasonally adjusted

Includes required reserves against Eurodollar borrowings and bank-related co Brcial paper. Reserve aggregates reflect changes in Regulation D. Par
cent annual rata# of growth for required reserve* and other reserve aggregates have been adjusted to remove the effect of these structural changes,
to October 11, 1978 bank-related commercial paper amounted to 13226 million.
__ Simple average of offering rates of negotiable certificates of depoeit with 3-month maturity in secondary market.
i Z £°e**d M ^ M - t h e annual Interest rates most often quoted on new offerings of negotiable certificates of deposit in
of 9$100,000 or more.
1/ TielC at 20-year constant maturity. Source: TT.S. Treasury
'
All percentage changes are at seasonally adjusted annual rates, not compounded.

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