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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