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4'Z <c. i A i- /> • z ' ' ^ Z FEDERAL RESERVE statistical release For Release at 4:15 p.m. Eastern Time H.9 (511) September 23, WEEKLY SUMMARY OF RESERVES AND INTEREST RATES Averages of daily figures Levels 4 weeks ended Week ended Sept Reserve aggregates (adjusted)1 Total reserves 2 Nonborrowed reserves Nonborrowed reserves plus extended credit 3 Required reserves Monetary base 4 Aug 24P S e p t 21 P S e p t 1 UP 21P Millions of dollars, seasonally adjusted 37,261 3 6 , 113 36,614 36,839 183,089 37,940 35,831 36,351 37,695 183,202 37,759 36,205 36,707 37,269 183,041 4 weeks ended Week ended Sept 21 37,684 36,213 36,695 37,233 181,859 Sept 14 Sept 21 198 3 Percent change Average of 4 weeks ended S e p t e m b e r 2 1 , 1983P from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates 2-6 0.9 -2. 2 2. 4 6. 5 5.7 7.8 5.5 8.4 7*2 7.6 9. 3 1.2 2.2 6. 1 .JiiElF* Aug 24 Not seasonally adjusted Other reserve measures and Interest rates Discount window borrowing ($ mil.) Includes: seasonal borrowings of extended credit of Federal funds rate 3-month Treasury bill rate 90 day dealer placed commercial paper 5 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate 6 1 2109 186 520 9. 9. 9. 9. 9. 11. 48 02 28 42 85 84 1148 185 501 9.54 9.10 9.29 9.43 9.91 11.85 1554 195 502 9. 9. 9. 9. 10. 11. 50 13 35 53 01 92 1471 193 482 9. 9. 9. 9. 10. 11. 58 36 56 78 29 97 HH-nHHsBHHHHnE: R e s e r v e a g g r e g a t e s i n c l u d e r e q u i r e d r e s e r v e s o f member b a n k s a n d E d g e A c t C o r p o r a t i o n s a n d o t h e r d e p o sitory institutions. D i s c o n t i n u i t i e s a s s o c i a t e d with t h e i m p l e m e n t a t i o n of t h e Monetary C o n t r o l Act, t h e i n c l u s i o n of Edge Act C o r p o r a t i o n r e s e r v e s , a n d o t h e r c h a n g e s i n R e g u l a t i o n D h a v e b e e n r e m o v e d . 2 Reserve b a l a n c e s with F e d e r a l Reserve Banks p l u s v a u l t cash a t i n s t i t u t i o n s with r e q u i r e d r e s e r v e balances plus vault cash equal t o required reserves at other i n s t i t u t i o n s . 3 E x t e n d e d c r e d i t c o n s i s t s of b o r r o w i n g a t t h e d i s c o m t window u n d e r t h e t e r m s a n d c o n d i t i o n s e s t a b l i s h e d for the extended c r e d i t program to help d e p o s i t o r y i n s t i t u t i o n s d e a l with s u s t a i n e d l i q u i d i t y p r e s s u r e s . B e c a u s e t h e r e i s n o t t h e s a m e meed t o r e p a y s u c h b o r r o w i n g p r o m p t l y a s t h e r e i s w i t h t r a d i t i o n a l s h o r t t e r m a d j u s t m e n t c r e d i t , t h e money m a r k e t i m p a c t o f e x t e n d e d c r e d i t i s s i m i l a r t o t h a t o f n o n b o r r o w e d reserves. 4 C o n s i s t s of r e s e r v e b a l a n c e s and s e r v i c e - r e l a t e d b a l a n c e s and a d j u s t m e n t s a t F e d e r a l R e s e r v e Banks i n t h e c u r r e n t week p l u s v a u l t c a s h h e l d t w o w e e k s e a r l i e r u s e d t o s a t i s f y r e s e r v e r e q u i r e m e n t s a t a l l d e p o s i t o r y i n s t i t u t i o n s p l u s c m r r e n c y o u t s i d e t h e O.S. T r e a s u r y , F e d e r a l R e s e r v e Banks, and t h e v a u l t s of d e p o s i t o r y i n s t i t m t i o n s , pirns s u r p l u s v a u l t c a s h a t d e p o s i t o r y i n s t i t u t i o n s . 5 On S e p t e m b e r U , 1 9 8 3 b a n k - r e l a t e d c o m m e r c i a l p a p e r o u t s t a n d i n g w a s $ 36,158 m i l l i o n . Tield at 20-year constant maturity. Source: O.S. T r e a s u r y . Note: All p e r c e n t a g e changes a r e a t s e a s o n a l l y a d j u s t e d a n n u a l r a t e s , not compounded. P—indicates preliminary data.
@FedFRASER