Full text of H.9 Weekly Summary of Reserves and Interest Rates : September 24, 1982

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

-vVoigOVrV.

FEDERAL RESERVE statistical release
H.9(511)

For Release at 4:10 p.m. EDT
S e p t e m b e r 2 4 , 1982

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
Levels
Week ended

4 weeks ended

AUG 2 5 P
SEPT 2 2 P
SEPT 1 5 P
SEPT 2 2 P
Millions of dollars, seasonally adjusted
Reserve a g g r e g a t e s (adjusted) 1
Total reserves 2
Nonborrowed reserves
Nonborrowed reserves plus extended credit 3
Required reserves
Monetary base 4

39,767
38,958
39,076
39,563
172,001

[[[[

39,448
38,119
38,235
39,140
171,790 C

39,389
38,492
38,608
38,991
171,473

38,775
38,241
38,322
38,476
170,083c

Percent change
Average of 4 weeks ended
SEPTEMBER 2 2 , 1 9 8 2 P
from 4 weeks averages
13 weeks
26 weeks
52 weeks
previous
previous
previous
Seasonally adjusted annual rates
8.8
11.0
11.0
8.0
6.5

5.6
9.2
8.2
5.4
7.9

4.9
6.6
6.2
4.9
6.8

Average of 4 weeks e nded
Week ended

4 weeks ended

AUG 1 8 P
SEPT 1 5 P
SEPT
8P
SEPT 1 5 P
Billions of dollars, seasonally adjusted
M1
Sum of currency, travelers checks, demand
deposits, and other checkable deposits.

461.9

460.6

458.9

5.2

4,9

6.3

4 weeks ended

Week ended
SEPT 2 2

453.3

SEPTEMBER 1 5 , 1 9 8 : >P
from 4 weeks avera ges
13 weeks
26 weeks
52 weeks
previous
previous
previous
Seasonally adjusted annual rates

SEPT 1 5

SEPT 2 2

106

25

Not seasonally adjusted
Other reserve m e a s u r e s and Interest r a t e s
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

809
100
118
10.31
7.75
10.52
10. 84
11.93

12.21

1329
89
116
10.27

897
98
117

10.22

10.51

8. 06
10.26

11.94
12.45

10.59
11.67
12.38

8-16

10.81

535
131
81
10.30
9.01
10.42
1 0 . 85
11.83
13.06

RESERVE AGGREGATES INCLUDE REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY I N S T I T U T I O N S .
D I S C O N T I N U I T I E S ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT,
THE INCLUSION OF EDGE ACT CORPORATION R E S E R V E S , AND OTHER CHANGES I N REGULATION D HAVE BEEN REMOVED.
BEGINNING WITH THE WEEK ENDED DECEMBER 3 1 , 1 9 8 1 RESERVES AGGREGATES HAVE BEEN REDUCED BY S H I F T S OF
RESEPVABLE L I A B I L I T I E S TO INTERNATIONAL BANKING F A C I L I T I E S ( I B F S ) .
2
RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH
AT I N S T I T U T I O N S WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER
INSTITUTIONS.
3
EXTENDED C R E D I T C O N S I S T S OF BORROWING AT THE DISCOUNT WINDOW UNDER THE TERMS AND CONDITIONS ESTABLISHED
FOR THE EXTENDED C R E D I T PROGRAM TO HELP DEPOSITORY I N S T I T U T I O N S DEAL WITH SUSTAINED L I Q U I D I T Y PRESSURES.
BECAUSE THERE I S NOT THE SAME NEED TO REPAY SUCH BORROWING PROMPTLY AS THERE I S WITH TRADITIONAL SHORTTERM ADJUSTMENT C R E D I T , THE MONEY MARKET IMPACT OF EXTENDED C R E D I T I S S I M I L A R TO THAT OF NONBORROWED
RES ER V E S .
4
INCLUDES*RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS I N THE CURRENT WEEK
PLUS VAULT CASH HELD TWO WEEKS EARLIER USED TO S A T I S F Y RESERVE REQUIREMENTS AT ALL DEPOSITORY I N S T I T U TIONS PLUS CURRENCY OUTSIDE THE U . S . TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY I N S T I T U T I O N S , AND SURPLUS VAULT CASH AT DEPOSITORY I N S T I T U T I O N S .
5
ON S E P T . 1 5 , 1 9 8 2 BANK-RELATED COMMERCIAL PAPER OUTSTANDING WAS $ 3 2 , 9 2 0 M I L L I O N .
6
YIELD AT 20-YEAR CONSTANT MATURITY.
SOURCE:
U . S . TREASURY.
NOTE:
ALL PERCENTAGE CHANGES ARE AT SEASONALLY ADJUSTED ANNUAL R A T E S , NOT COMPOUNDED.
p — I N D I C A T E S PRELIMINARY DATA.
S P E C I A L CAUTION SHOULD BE TAKEN I N I N T E R P R E T I N G WEEK-TO-WEEK CHANGES
I N MONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO R E V I S I O N I N SUBSEQUENT WEEKS
WEEKS AND MONTHS.
C—CORRECTED.
CORRECTED HISTORICAL DATA ARB AVAILABLE FROM THE BANKING S E C T I O N , D I V I S I O N OF RESEARCH
AND S T A T I S T I C S , BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D . C . , 2 0 5 5 1