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• ojj52tefV. FEDERAL RESERVE statistical release For Release at 4:10 p.m. EOT H.9(511) September WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Averages of daily figures SEPT IP 4 weeks ended SttPT 19 IPG AUG 2 5 P Millions of dollars, seasonally adjusted 11,999 41,492 41,608 41,612 174,603 <1,801 41,192 41,310 41,532 173,775 3, 1982 Percent change Average of 4 weeks ended Levels Week ended Reserve aggregates (adjusted)1 Total reserves2 Nonborrowed reserves Nonborrowed reserves plus extended credit 3 Required reserves Monetary base 4 m 41,890 41,398 41,503 41,566 173,902 9Z SEPTEMBER 1 , 1982P from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates 41,142 40,847 40,883 41,178 172,631 5.9 11.5 10.9 6.4 6.3 5.2 11.9 11.1 5.1 7.3 5.1 7.9 7.8 5.1 6.7 Average of 4 weeks ended 4 weeks ended Week ended AUG 2 5 P M1 Sum of currency, travelers checks, demand deposits, and other checkable deposits. AUG 2 5 P JUIfT AUG 18P Billions of dollars, seasonally adjusted 454.8 456.3 454.6 29P AUGUST 2 5 , 1 9 8 2 P from 4 weeks averages 26 weeks 52 weeks 13 weeks previous | previous previous Seasonally adjusted annual rates 451.4 4 weeks ended Week ended AUG 25 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 1 507 95 116 10.15 8.00 9.72 10.17 11.26 12.56 9.04 9.01 9.59 10.36 12.32 492 113 105 10.05 8.53 10.04 10.48 11.47 12.82 595 206 37 11.87 10.84 12.31 12.80 13.72 13.62 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 I N C L U S I O N OF EDGE ACT CORPORATION RESERVES, 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 RESERVABLE L I A B I L I T I E S TO I N T E R N A T I O N A L 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 CREDIT CONSISTS OF BORROWING AT THE DISCOUNT WINDOW UNDER THE TERMS AND CONDITIONS ESTABLISHED FOR THE EXTENDED CREDIT 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 T R A D I T I O N A L 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 RESERVES* 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 AUG. 2 5 , 1 9 8 2 BANK-RELATED COMMERCIAL PAPER OUTSTANDING WAS $ 3 4 , 9 3 9 M I L L I O N . 6 Y I E L D AT 2 0 - Y E A R CONSTANT MATURITY. SOURCE: U . S . TREASURY. NOTE: ALL PERCENTAGE CHANGES ARB AT SEASONALLY ADJUSTED ANNUAL RATES, 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-TOWEEK CHANGES I N MONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY V O L A T I L E AND SUBJECT TO R E V I S I O N I N SUBSEQUENT WEEKS AND MONTHS.
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