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FEDERAL RESERVE statistical release • f*4L For Release at 4:15 p.m. Eastern Time H.9 (511) October 21, WEEKLY SUMMARY OF RESERVES AND INTEREST RATES Averages of daily figures * Levels Week ended Reserve aggregates (adjusted)1 Total reserves2 Nonborrowed reserves Nonborrowed reserves plus extended credit 3 Required reserves Monetary base4 37,517 36,940 37,036 37,254 184,491 37,446 36,172 36,817 36,694 184,028 Oct 1 2 3 19 577 138 96 9.36 8 . 63 8 . 97 9 . 15 9.56 13.78 37,591 3 6 , 4 55 36,911 37,062 184,078 37,774 36,223 36,725 37,275 183,133 O c t o b e r 1 9 , 1983P from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates -2.2 3.7 -0.2 -2.1 7,2 2.5 1.7 2.3 2.2 8.1 6.8 5.2 6.2 6.4 9.3 4 weeks ended Week ended 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 paper6 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate® Average of 4 weeks ended 4 weeks ended S e p t 21P O c t 19P O c t 12P 19P Millions of dollars, seasonally adjusted Oct 1983 O c t 19 O c t 12 Not seasonally adjusted 1274 139 645 9.46 8.69 8.97 9.18 9.50 11.69 1136 161 456 9.47 8.71 9.00 9 . 18 9.51 11.70 Sept 21 1551 195 502 9.50 9 . 13 9.35 9.53 10.01 11.92 R e s e r v e 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 o f member b a n k s a n d Edge A c t C o r p o r a t i o n s a n d o t h e r d e p o sitory institutions. D i s c o n t i n u i t i e s associated with the implementation of the flonetary Control act, t h e i n c l u s i o n o f Edge A c t C o r p o r a t i o n r e s e r v e s , a n d o t h e r c h a n g e s i n R e g u l a t i o n D h a v e b e e n r e m o v e d . a e s e r v e b a l a n c e s w i t h F e d e r a l Reserve Banks p l u s v a u l t c a s h a t i n s t i t u t i o n s w i t h r e q u i r e d r e s e r v e balances p l u s v a u l t cash equal t o r e q u i r e d reserves at o t h e r i n s t i t u t i o n s Extended c r e d i t c o n s i s t s o f b o r r o w i n g a t t h e d i s c o u n t window under t h e t e r m s 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 t h e 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 w i t h 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 . B e c a u s e t h e r e i s n o t t h e same n e e d t o r e p a y s u c h b o r r o w i n g p r o m p t l y a s t h e r e i s w i t h t r a d i t i o n a l s h o r t t e r m a d j u s t m e n t c r e d i t , t h e money m a r k e t i m p a c t o f e x t e n d e d c r e d i t i s s i m i l a r t o t h a t o f n o n b o r r o w e d 4 C o n s i s t s o f 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 F e d e r a l R e s e r v e Banks i n t h e 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 t w o w e e k s e a r l i e r u s e d t o s a t i s f y r e s e r v e r e q u i r e m e n t s 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 c u r r e n c y o u t s i d e t h e 3 . S . T r e a s u r y , F e d e r a l R e s e r v e B a n k s , and t h e 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 at d e p o s i t o r y i n s t i t u t i o n s . 5 On O c t o b e r 1 2 , 1983 b a n k - r e l a t e d c o m m e r c i a l p a p e r o u t s t a n d i n g was $ 3 6 , 1 7 5 m i l l i o n . Yield at 20-year constant m a t u r i t y . Sources O.S. T r e a s u r y . Bote: 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 a n n u a l r a t e s , n o t compounded. P—indicates preliminary data-
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