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H •9
(Rev. 6/70)

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tot,
statistical

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

Week ended
Feb. 24

Feb. 17

For immediate release
February 25, 1971

4 weeks ended
Feb. 24

r e l e a s e

Jan 27

Year-ago data
Week ended 4 wks . ended
Feb. 2 5
,
Feb. 25

Marginal Reserve Measures & Interest Rates (NSA)
Member bank borrowings ($ mil.)
Free or net borrowed (-) reserves ($ mil.)
Federal funds rate
Dealer loan rate 1/
s
3-month Treasury bill rate
3-month CD rate (secondary market) 2J
3-month Euro-dollar rate
U.S. Government bond rate J3/
Reserve Aggregates ($ bil.. SA)

249
73
3.46
3.96
3.48
4.21
5.29
6.19

564
-285
4.14
4.79
3.62
4.42
5 .40
6.11

336
-81
3.82
4.39
3.77
4.48
5.57
6.12

378
-140
4.11
4.87
4.51
5 .25

6.00

6.22

1,065
-893
8.41
9.18
6.84
8.35
9.28
6.61

1,126
-916
9.05
9.57
7.20
8.58
9.39
6.71

4/

Total reserves
Nonborrowed reserves
Required reserves

30.6
30.4
30.4

30.7
30.0
30.4

Week ended
Feb. 17
Feb. 10

30.4
30.1
30.2

30.2
29.8
30.0

4 weeks ended
Feb. 17
Jan. 20

27.6
26.5
,27 .4

27.8
26.6
27.6

Week ended 4 wks . ended
Feb. 18
Feb. 18

Monetary Aggregates ($ bil., SA)
Total member bank deposits
Total member bank deposits plus nondeposit items 5/
Money supply (currency & demand deposit components)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

328.6
337.3
218.6
240.7

328.0
337 .1
216.1
239.6
7.1

327.2
336.3
215.9
238.6

322 .4
333.0
215.1
234.0
5.7

282.7
303.3
204.5
193.5
5.3

283.1
303.6
204.2
193.0
6.1

6.3
7.5
- Not seasonally adjusted.
SA - Seasonally adjusted.
Unweighted average rates on loans posted by major New York City banks.
Average of range of offering rates on negotiable certificates of deposit with 3-month maturity in second market.
Daily average yield on 20-year bonds.
Includes required reserves against Euro-dollar borrowings and bank-related commercial paper .
Sometimes referred to as the "adjusted credit proxy". Includes member bank deposits, bank-related commercial

paper, Euro-dollar borrowings of U.S. banks, and certain other nondeposit sources. On February 17 bank-related
http://fraser.stlouisfed.org/ amounted to $1,875 million.
commercial paper
NSA
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Federal Reserve Bank of St. Louis


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102