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£LexMCilv a *oO£GOWf|' m F E D E R A L R E S E R V E statistica j \a \J~ release For Immediate Release WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) H.9 (Rev. 9/77) October 27, 1977 Per cent Change (Seasonally Adjusted Annual Rates) Levels Average of 4 weeks ended October 26, 1977from 4 week averages Week ended 4 Weeks ended 52 weeks previous Oct. 26 I Oct. 19 Oct. 26 I Sept. 28 13 weeks previous 126 weeks previous ($ Bil., SA) Reserve Aggregates-^ 35.64 34.20 35.49 Total reserves Nonborrowed reserves Required reserves Monetary Aggregates 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/ NSA—not seasonally adjusted 35.91 34.60 35.67 35.58 34.97 35.39 Week ended 4 Weeks ended Oct. 19 I Oct. 12 Oct. 19 I Sept. 21 C$ Bil., SA) M- (Currency plus demand deposits) MI (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 JV 36.45 34.59 36.32 5.8 7.5 7.4 2.2 0.3 -4.3 5.7 7.3 7.8 Average of 4~weeks endedQctober 19, 1977 from 4 waeks averages 13 weeks previous | 26 weeks previous |52 weeks previous 333.3 334.4 332.9 330.6 9.2 8.9 7.7 798.9 531.8 4.0 799.9 531.0 3.4 797.7 529.9 3.5 792.5 524.8 3.9 8.9 8.8 9.3 9.7 10.4 11.3 Week ended 4 Weeks ended Oct. 26 [Oct. 19 """Oct. 26 [ Sept. 28 (NSA) 1861 1443 608 1310 112 116 114 112 6.50 6.49 6,.45 6.12 6.11 6.27 6 .15 5.79 6.59 6.57 6 .48 6.07 6.80 6.72 6 .63 6.17 6.63 6.57 6 .53 6.04 7.05 7.30 7 .13 6.53 7.73 7.73 7 .69 7.56 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. 2/ On October 19, 1977 bank-related commercial paper amounted to 8640 million. 3/ Average of range of offering rates of negotiable certificates at deposit with 3-month maturity in secondary market. 4/ Posted ranges = the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more. 5/ Yield at 20-year constant maturity. Source: U.S. Treasury NOTE: All percentage changes are at seasonally adjusted annual, rates, not compounded.