View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

-oql£gfr»y.

FEDERAL

R E S E R V E

release
For Immediate Release
October 26, 1978

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

H.9
(Rev. 9/77)

Per cent Change (Seasonally Adjusted Annual Rates)

Levels

Reserve Aggregate!

statistical

4 Weeks ended
Week ended
Oct. 25 1 Oct. 18
Oct. 25 I Sept. 27
($ Bil., SA)

1/

38.18
36.87
37.86

Total reserves
Nonborrowed reserves
Required reserves

38.57
37.32
38.67

38.50
37.22
38.32

38.12
37.08
37.91

4 Weeks ended
Week ended
Oct. 18 | Oct. 11
Oct. 18 | Sept. 20
c$ Bil., SA)

Monetary Aggregates

%

(Currency plus demand deposits)
(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 funds 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) 4/
3-month Euro-dollar rate
U.S. Government bond rate 5/

Average of 4 weeks endedOctober 25, 1978 from 4 week averages
| 52 weeks previous
13 weeks previous |26 weeks previous

2.3
2.6
2.6

8.6
3.8
8.4

7.5
7.9
7.7

Average of 4 weeks ended October 18, 1978from 4 waeks averages"
13 weeks previous
| 26 weeks previous | 52 weeks previous

364.1

364.2

362.6

359.6

9.9

9.7

8.2

869.1
592.0
3.1

869.4
591.6
3.5

866.8
591.2
4.1

860.0

10.7
9.6

9.6
9.7

8.4
11.7

588.3
3.4

4 Weeks ended
Week ended
Oct. 25 | Oct. 18
Oct. 25 | Sept. 27
(NSA)
1314
236
9.24
7.67
9.09
9.64
9.40
10.31
8.70

1249
220
8.78
7.91
8.97
9.26
9.38
9.91
8.64

1272
220
8.90
7.95

8.88
9.25
9.17
9.89
8.65

1039
189
8.40
7.82
8.34
8.56
8.42
9.06
8.45

SA- seasonally adjusted
Includes required reserves against Eurodollar borrowings and bank-related commercial paper. Reserve aggregates reflect changes in Regulation D. Per
cent annual rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes.
On October 18, 1978 bank-related commercial paper amounted to 13499 million.
Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
Posted ranges • the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more.
Yield at 20-year constant maturity. Source: U.S. Treasury
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.