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F E D E R A L R E S E R V E statistical release For Immediate Release WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) October 5, 1978 H.9 (Rev. 9/77) Per cent Change (Seasonally Adjusted Annual Rates) Levels 4 Weeks ended Week ended Oct. 4 I Sept. 27 I Oct. 4 | Sept7~6 ($ Bil.\ SA) Average of 4 weeks ended October 4, 1978 from 4 week averages 13 weeks previous 126 weeks previous | 52 weeks previous Reserve Aggregates^ 38.80 37.51 38.53 Total reserves Nonborrowed reserves Required reserves 38.27 37.20 38.06 38.02 36.83 37.80 4 Weeks ended Week ended Sept. 27 | Sept. 20 Sept. 271 Aug. 30 ($ 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 CI) 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 38.46 36.90 38.23 2.0 3.8 3.1 8.2 4.1 8.3 7.4 6.4 7.6 Average of 4 weeks ended September 27 ,197tfrom 4 waeks averages 13 weeks previous | 26 weeks previous |52 weeks previous 361.8 361.1 361.2 356.8 9.3 10.7 8.4 864.2 589.8 4.5 862.7 590.7 4.9 862.5 589.4 3.7 853.8 583.2 3.3 10.3 10.4 9.7 9.8 8.5 12.1 4 Weeks ended Week ended Sept. 6 Sept. 27 Oct. 4 Oct. 4 (NSA) 1285 213 8.85 8.03 8.64 8.95 8.75 9.58 8.64 1559 205 8.62 8.04 8.52 8.83 8.65 9.41 8.59 1069 195 8.54 7.92 8.48 8.71 8.57 9.23 8.51 1188 194 8.15 7.29 7.90 8.15 7.94 8.62 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 September 27, 1978 bank-related commercial paper amounted to 13005 million. Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market. Posted ranges • the nrni"*1 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