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FEDERAL RESERVE statistical release ill • f^AL * H.9 (511) For R e l e a s e at 4:10 p.m. r D T WEEKLY SUMMARY OF B A N K I N G A N D CREDIT MEASURES October 22, 1982 A v e r a g e s of daily f i g u r e s Percent change A v e r a g e of 4 w e e k s e n d e d Levels Week ended OCT 2 0 P Reserve aggregates (adjusted) 4 weeks ended SEPT OCT 2 0 P OCT 1 3 P Millions of d o l l a r s , s e a s o n a l l y a d j u s t e d 22P OCTOBER from 4 13 w e e k s previous 2 0 , 1982P weeks averages 26 w e e k s 52 w e e k s previous previous Seasonally adjusted annual rates 1 Total r e s e r v e s 2 Nonborrowed reserves Nonborrowed reserves plus extended credit3 Required r e s e r v e s Monetary b a s e 4 40,182 39,667 39,777 39,897 173,355 39,261 38,901 39,018 38,730 172,315 39,744 39,186 39,304 39,324 172,563 39,396 38,498 38,614 38,997 171,495 12.8 17.4 17.9 12.4 8.5 7.4 13.0 12.1 6.9 7.9 5.1 7.2 6.3 5.0 7.3 A v e r a g e of 4 w e e k s e n d e d 4 weeks ended Week ended OCT M1 S u m of c u r r e n c y , t r a v e l e r s c h e c k s , d e m a n d deposits, and other checkable deposits. 13P SEPT OCT 1 3 P OCT 6P Billions of d o l l a r s , s e a s o n a l l y a d j u s t e d 465.1 468.3 463.1 15P OCTOBER from 4 13 w e e k s previous 13, 1982P weeks averages 26 w e e k s 52 w e e k s previous previous Seasonally adjusted annual rates 458.5 11.9 5.9 7.3 4 weeks ended Week ended OCT 2 0 OCT 2 0 OCT 1 3 Not s e a s o n a l l y a d j u s t e d 515 85 110 9. 53 7.51 360 70 117 9.60 7.58 9 . 30 9.59 10.55 10.76 SEPT 22 Other reserve measures and Interest rates D i s c o u n t w i n d o w b o r r o w i n g ($ mil.) I n c l u d e s : s e a s o n a l b o r r o w i n g s of e x t e n d e d c r e d i t of Federal f u n d s rate 3-month T r e a s u r y bill r a t e 90 day d e a l e r p l a c e d c o m m e r c i a l p a p e r 5 3-month CD r a t e ( s e c o n d a r y m a r k e t ) 3-month Eurodollar r a t e U.S. G o v e r n m e n t b o n d r a t e 6 1 2 3 8. 90 9.16 10.93 10.71 558 93 119 10.01 7.60 9.65 9.97 10.95 11.20 899 98 117 10.22 8.06 10.26 10.59 11.67 12.38 R E S E R V E AGGREGATES 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 BERBER BANKS AND EDGE ACT C O R P O R A T I O N S AND OTHER D E P O SITOR! 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 I M P L E M E N T A T I O N O f THE MONETARY CONTROL A C T , THE I N C L U S I O N O F EDGE ACT C O R P O R A T I O N 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. B E G I N N I N G WITH T H E WEEK ENDED DECEMBER 3 1 , 1 9 8 1 R E S E R V E S AGGREGATES HAVE BEEN REDUCED BY S H I - F T S OF R E S E R V A B L E L I A B I L I T I E S TO I N T E R N A T I O N A L BANKING F A C I L I T I E S ( I B F S ) . R E S E R V E BALANCES WITH F E D E R A L R E S E R V E BANKS (WHICH EXCLUDE R E Q U I R E D C L E A R I N G B A L A N C E S ) P L U S VAULT CASH AT 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 BALANCES P L U S VAULT CASH EQUAL TO R E Q U I R E D R E S E R V E S AT OTHER EXTENDED C R E D I T C O N S I S T S O F BORROWING AT T H E 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 FOR THE EXTENDED C R E D I T PROGRAM TO 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 DEAL 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 TO 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 A D J U S T M E N T C R E D I T , THE MONEY MARKET I M P A C T O F EXTENDED C R E D I T I S S I M I L A R TO THAT O F NONBORROWED -R ES ER V E S . I N C L U D E S R E S E R V E B A L A N C E S AND R E Q U I R E D C L E A R I N G BALANCES AT F E D E R A L R E S E R V E BANKS I N THE CURRENT WEEK P L U S VAULT CASH HELD TWO WEEKS E A R L I E R USED TO 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 AT ALL 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 . 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 , T H E VAULTS OF D E P O S I T O R Y I N S T I T U T I O N S * AND S U R P L U S VAULT 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 . 1 3 , 1 9 8 2 B A N K - R E L A T E D COMMERCIAL P A P E R O U T S T A N D I N G WAS $ 3 3 , 5 3 5 M I L L I O N . 6 Y I E L D AT 2 0 - Y E A R C O N S T A N T M A T U R I T Y . SOURCE: U . S . TREASURY. NOTE: ALL P E R C E N T A G E CHANGES ARE AT 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 P R E L I M I N A R Y DATA. S P E C I A L C A U T I O N SHOULD BE TAKEN I N I N T E R P R E T I N G W E E K - T O - W E E K CHANGES I N MONEY S U P P L Y D A T A , WHICH ARE O F T E N H I G H L Y V O L A T I L E AND S U B J E C T TO R E V I S I O N I N S U B S E Q U E N T WEEKS 4 AND MONTHS.
@FedFRASER