View original document

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

finMO^eXs
FEDERAL

H .9
(Rev. 1/76)

RESERVE

Total reserves
Nonborrowed reserves
Required reserves

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

Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper rate _3/
3-month CD rate (secondary market) 4/
90-day CD rate (primary offering) 5/
3-month Euro-dollar rate
U.S. Government bond rate 6/
ft5A-~Not Seasonally Adjusted

rele a s e

For Immediate Release

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

Week ended
4 Wks. ended
Sept. 7 [Aug. 31 Sept. 7
|Aug. 10"
($ Bil., SA)
35.50
34.86
35.27

35.76
34.62
35.37

September 8, 1977

Percent Change ^Seasonally Adjusted Annual RalP.s)-

Levels

Reserve Aggregates—

statistical

35.57
34.50
35.35

35.53
35.06
35.33

4 Wks. ended
Week ended
[ Aug. 24 Aug. 31 | Aug. 3
Aug. 31
($ Bil., SA)

Average of 4 Weeks Endef^ptember 7, 197^from 4 Week Averages
13 weeks previous 1 26 weeks previous I 52 weeks previous

11.2
1.5

11.1

7.6
1.7
7.6

4.7

1.8
4.9

Average of 4 Weeks Ended August 31, 1^77" from 4 Week Averages
13 weeks previous | 26 weeks previous
| 52 weeks previous

330.4

327.4

328.1

327.5

9.0

9.0

7.0

791.2
523.7
4.1

787.2
523.0
4.2

787.8
522.8
3.7

784.9
520.0
3.2

10.2
10.1

9.8
9.0

10.8

4 Wks. ended
Week ended
-Sept. 7 I Aug. 31 ! Sept. 7| Aug. 10
(NSA)

5.56
5.66

5.29

11.4

mm#

6.35
SA--Seasonallv \djus ted .

Includes required reserves against Euro-dollar 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.
On August 31, 1977
bank-related commercial paper amounted to $ 8042million.
Average of range of offering rates of negotiable certificates of deposit with 3-month maturity in secondary market.
Posted rates - the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more.
Yield on 20-year constant maturity. Source: U.S. Treasury.
NOTE: All percentage changes are at seasonally adjusted rates, not compounded.
1/

I