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H.9
(Rev. 6 / 7 0 )

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of d a i l y f i g u r e s )
Week ended
J u l y 22

For immediate r e l e a s e
J u l y 23, 1970

4 weeks ended

J u l y 15

J u l y 22

June 24

i

Year-ago data
Week ended 4 wks . ended
J u l y 23
J u l y 23

M a r g i n a l R e s e r v e M e a s u r e s & I n t e r e s t R a t e s (NSA)
Member bank b o r r o w i n g s ($ m i l . )
F r e e or n e t borrowed ( - ) r e s e r v e s ($ m i l . )
Federal funds r a t e
Dealer loan r a t e V
3-month T r e a s u r y b i l l r a t e
3-month CD r a t e ( s e c o n d a r y m a r k e t ) 2 /
3-month E u r o - d o l l a r r a t e 3 /
U . S . Government bond r a t e
3/

1,680
1,387
-1,485
-1,239
7.16
7.59
8.04
8.29
6.38
6.53
8.06
8.03
8.65
8.98
6.98
6 . 94

1,339
-1,178
7.33
8.15
.. 6 . 4 9
8.06
8.95
7 .00

907
-735 .
.7.71
8.29
6.76
8.08
9.44
7.38-

1,354
1,322
-972
-1,030
8.50
' 8.95
8.96
9.43
7.08
6.84
8.81
. 8.67
10.84
10.99
6.25
6.28

R e s e r v e A g g r e g a t e s ($ b i l . „ SA) 4 /
Total reserves
Nonborrowed r e s e r v e s
Required r e s e r v e s

28.3
26.8
28.1

27.9
26.4
27.9

Week iended
J u l y 15 J u l y

28.0
26.7
27.9

27.9
27.0
27.7

4 weeks ended
J u l y 15
June 17

8

27.7
26.3
27.3.

,

27.7
26.4
27.5

Week ended 4 w k s . e n d e d
, J u l y 16
J u l y 16

Monetary A g g r e g a t e s ($ b i l . , SA)
T o t a l member bank d e p o s i t s
'
T o t a l member bank d e p o s i t s p l u s nondepos i t i t e m s 5_ /
Money s u p p l y ( c u r r e n c y & demand d e p o s i t components)
Time d e p o s i t s , a l l c o m m e r c i a l banks
U . S . Government demand d e p o s i t s , member banks

2^4.4
315.2
204.4
206.0
3.9

294.3
314.3
205.6
204.5
4.0

,

292.5
313.0
204.2
203.5
4.7

290.1
310.8
203.8
200.3
4.1

286.7
304.4
199.3
197.9
0.9

289.5
306.3
199.3
199.0
2.6, ^

NSA - Not s e a s o n a l l y a d j u s t e d .
SA - S e a s o n a l l y a d j u s t e d .
JL/ Unweighted a v e r a g e r a t e s on l o a n s p o s t e d by m a j o r New Ytirk C i t y b a n k s .
2 / Average of r a n g e of o f f e r i n g r a t e s on n e g o t i a b l e c e r t i f i c a t e s o f , d e p o s i t w i t h 3-month m a t u r i t y in second m a r k e t .
3 / D a i l y a v e r a g e y i e l d on 2 0 - y e a r b o n d s .
4-/ I n c l u d e s i n c r e a s e s i n r e q u i r e d r e s e r v e s due tcf changes i n R e g u l a t i o n s M and D, e f f e c t i v e October 16, 1969.
5 / forSometimes
Digitized
FRASER r e f e r r e d t o as t h e " a d j u s t e d c r e d i t p r o x y " . I n c l u d e s member bank d e p o s i t s , b a n k - r e l ^ t ^ d " C o m m e r c i a l
p a p e r E u r o - d o l l a r b o r r o w i n g s of U.S. b a n k s , and c e r t a i n o t h e r n o n d e p o s i t s o u r c e s . On J u l y 15, b a n k - r e l a t e d
http://fraser.stlouisfed.org/
commercial p a p e r amounted t o $ 7 , 3 1 9 m i l l i o n .

Federal Reserve Bank of St. Louis