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F E D E R A L

R E S E R V E

Levels

Reserve Aggregates^

35.48
34.76
35.31

35.43
34.69
35.40

35.59
34.98
35.38

35.59
34.48
35.41

Week ended
4 Weeks ended
Sept. 21 1 Sept. 14 Sept. 21 I Aug. 24
($ Bil., SA)

Monetary Aggregates
M. (Currency plus demand deposits)
M^ fM^ plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

330.4

331.5

793.0
525.5
5.5

793.9
525.1
2.4

Other Reserve Measures & Interest Rates

Week ended
4 Weeks ended
Sept. 28 | Sept. 21 Sept. 28 [Aug. 31
(NSA)

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/

NOTE:

738
110
6.10
5.87
6.17
6.22

719
116
6.35
5.93

SA—seasonally adjusted

6.22

6.37
6.29
6.78
7.61
"

6.00
6.59
7.57

Average of 4 weeks ended Sept. 28, 1977
13 weeks previous
|26 weeks previous

8.6
4.7
7.8

7.5
4.6
7.6

327.7

11.3

9.8

792.4
524.8
3.9

786.8
522.2
3.5

10.8

10.0

608
112
6.12
5.79
6.07
6.17
6.04
6.53
7.56

f rom 4 week averages
52 weeks previous
5.3
3.6
5.3

Average of 4 weeks ended sept. 2lt 1377,from
4 waeks averages"
13 weeks previous
| 26 weeks previous^ [52 weeks previous

330.5

8.7

9.1

7.8

10.8
11.3

1136
104
5.91
5.51
5.79
5.93
5.82
6.33
7.63

~

All percentage changes are at seasonally adjusted annual rates, not compounded.




For Immediate Release
September 29, 1977

Per cent Change (Seasonally Adjusted Annual Rates)

Week ended
4 Weeks ended
Sept. 28 ISept. 2l"~ Sept. 28 |Aug. 31
($ Bil., SA)

Total reserves
Nonborroved reserves
Required reserves

I

release

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of daily figures)

H.9
(Rev. 9/77)

N S A — n o t seasonally adjusted

statistical

....