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F E D E R A L R E S E R V E statistical release
H.9(511)

Week ended
4 Weeks ended
Sept. 5 I Aug. 29 I Sept. 5 I Aug. 8
($ Bil.,SA)

1/

Total reserves
Nonborrowed reserves
Required reserves
Monetary Base-

41.53
41.43
41.26
40.97
40.32
40.19
40.05
39.92
40.77
41.00
41.08
40.96
150.1
149.3
147.5
Week ended
Weeks ended
Aug. 29 I Aug. 22
Aug. 2? I A\ig, I
($ Bil., SA

Monetary Aggregates

%

September 6, 1979

Per cent Change (Seasonally Adjusted Annual Rates)

Levels

Reserve Aggregate

For Immediate Release

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

Average of 4 weeks ended September 5, 19 79from 4 week averages
| 52 weeks previous
13 weeks previous
|26 weeks previous

8.5
14.8
7.6

2.3
1.4

0.6

0.5
0.4
7
7.8
Average1 o ^ 4 weeks ended August 29, 1979 from 4 w a e _ averages
— —
13 weeks previous
| 26 weeks previous |52 weeks previous

1.8

kr

(Currency plus demand deposits)
(M plus time deposits at commercial banks
other than large time CD's)
Time deposits, all commercial banks

374.7

374.1

374.4

372.3

11.0

8.8

5.0

924.3
636.2

922.6
634.6

922.6
634.1

914.7
627.1

12.9
9.1

10.4
4.4

7.7
7.9

Other Reserve Measures & Interest Rates

Week ended
4 Weeks ended
Sept. 5 | Aug. 29 Sept. 5 | Aug.
(NSA)

Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
3/
90-119 day dealer placed commercial .paper—
3-month CD rate (secondary market)—
3-month Euro-dollar rate - /
U.S. Government bond rateNSA—not seasonally adjusted
1/

n.a.
n.a.
11,02
9.91
11.03
11.36
12.19
9,13

1116
185
11.16
9.67
10.76
11.08
12.10
9.01

n.a.
n.a.
11.01
9.65
10.64
10.95
11.79
9.01

1046
170
10,.60
9,.29
9,.96
10,.22
10,.98
8,.95

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.
2j Includes total reserves (member bank reserve balances in the current week plus vault cash held two weeks earlier); currency outside the U.S. Treasury,
Federal Reserve banks and the vaults of commercial banks; and vault cash of nonmember banks.
If
August 29, 1979, bank-related commercial paper amounted to $19,898 million.
4J Simple average of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
5/ Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.




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