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FEDERAL RESERVE statistical release For immediate release October 24, 1980 H.9 (511) WEEKLY S U M M A R Y OF B A N K I N G A N D C R E D I T MEASURES Averages of daily figures Levels Week ended Oct. 22 Oct. 15 4 weeks ended Oct. Sept. 24 Millions of dollars, seasonally adjusted Reserve aggregates 1 Total reserves Nonborrowed reserves Required reserves Monetary base2 41.927 40,724 41,813 161,397 41,320 40,213 41,107 160,395 160,661 41,455 40,259 41,183 159,350 Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves Monetary base 2 41,901 40,698 41,787 161,371 41,295 40,188 41,082 160,370 41,647 40,289 41,372 160.635 41,425 40,229 41,153 159,320 Week ended Oct. 15p Oct. 8p 41,673 40,315 41,398 4 weeks ended Oct. 15p Sept. 17: Billions of dollars, seasonally adjusted Monetary aggregates M-1A (Currency plus demand deposits) TVI-1B (M-1 A plus other checkable deposits) 386.8 410.9 386.2 410.1 384.3 407.9 382.9 405.7 Percent change Average of 4 weeks ended October 22, 1980 f r o m 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates 15.2 4.9 15.4 12.3 7,.3 13,.1 7,.2 9 .9 6,.4 7,.5 6,.5 8,.3 October 15, 1980 f r o m 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonal y adjusted annual rates 12.8 15.5 7.2 9.4 4.9 6.6 4 weeks ended Week ended Or-t. 22 I or-fr. 15 I O c t . 22 I S e p t . 24 Not seasonally adjusted Other reserve measures and interest rates Member bank borrowings ($ mil.) Includes seasonal borrowings o f : Federal funds rate 3-month Treasury bill rate 90 day dealer placed commercial paper* 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate5 1 1203 69 12,,55 11,,39 12,.26 12,.68 13,.38 11,.65 1107 61 12,,64 11,,12 12,,25 12,,49 13,.00 11,.35 1358 55 12.,54 11.,23 12.,20 12.,51 13,,17 11,.61 1196 21 10.,55 10.,11 10.,71 11.,05 11.,82 11..38 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. Effective July 24, 1980 the 5 percent marginal reserve requirement on managed liabilities and the 2 percent supplementary reserve requirement against large time deposits was removed. These actions reduced required reserves about $3.2 billion. 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 Reserves banks and the vaults of commercial banks; and vault cash of nomneraber 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 October 15, 1980 bank-related commercial paper outstanding was $23,135 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.
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