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LoSS?*.:- FEDERAL RESERVE statistical rele a s e For Immediate Release September 14, 1978 WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) H.9 (Rev. 9/77) Levels Pex cant Change (Seasonally Adjusted Annual Rates) Week ended 4 Vfeeka ended Sept. 13 I Sept, 6~" Sept. 13 I Aug. lb ($ Bil., SA) Average of 4 weeks andedSeptember 13, 1978Erom 4 week averages 13 weelEs previous 126 weeks previous | 52 weeks previous Reserve Aggregates^ 38.08 37.57 37.82 Total reserves Nonborrowed reserves Required reserves 4 (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) J3/ 90-day CD rate (primary offering) 4J 3-month Euro-dollar rate U.S. Government bond rate 5/ NSA—not seasonally adjusted 38.04 36.96 37.81 37.93 36.74 37.76 4 Weeks ended Week ended Sept. b |Aug. "30 | Sept. b | Aug. ($ Bil., SA) Monetary Aggregates M 38.31 37.15 37.96 6.9 5.0 6.7 7.6 3.8 7.5 7.2 7.2 7.3 Average of 4 weeks ended September 6. 1978 from 4 weeks averages 13 weeks previous | 26 weeks previous | 52 weeks" previous 357.3 352.6 354.9 352.1 6.2 8.8 7.6 860.4 590.7 2.6 854.5 588.5 3.5 856.1 587.8 3.2 848.4 583.4 3.0 8.9 8.6 9.1 10.2 8.4 12.3 Week ended 4 Weeks ended Sept. 13 [Sept. 6 Sept. 13 | Aug. 18" 0*SA5 — 1186 1075 1164 510 169 191 186 174 7.87 8.26 8.30 8.33 6.86 7.48 7.60 7.70 7.81 8.04 8.07 8,30 8.00 8.28 8.35 8.44 7.86 8.09 8.14 8,38 8.38 8.75 8.88 8,85 8.54 8.42 8.42 8,37 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 6, 1978 bank-related commercial paper amounted to 12381 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
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