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> < 7 . FEDERAL 4/72) RESERVE s t a t i s t i c a l r e l e a s e For Immediate Release WEEKLY SUMMARY OF BANKING AND CREDIT tCASURES (Averages of d a i l y f i g u r e s ) January 30, 1975 Percent' Change ("Seasonally Adjust-erf An Reserve Aggregates L Total r e s e r v e s Nonborrowed r e s e r v e s Required r e s e r v e s Reserves Available t p Support TV! . Nonbank Deposits Monetary Aggregates (Currency plus demand d e p o s i t s ) Mg (M1 plus time d e p o s i t s a t commercial banks other than l a r g e time CD's) ... Adjusted c r e d i t proxy — ; Time d e p o s i t s , a l l commercial banks U.S. Government demand d e p o s i t s , member banks Other Reserve Measures & I n t e r e s t Rates Member bank"borrowings ($ m i l . ) Includes seasonal borrowings o f : Federal funds r a t e 3-month Treasury b i l l r a t e 90-119 day dealer placed commercial paper r a t e 3 / 3-month CD r a t e (secondary market)4/ 3-month E u r o - d o l l a r r a t e U.S. Government bond r a t e 5 / N5A--Not Seasonally A d j u s t e d . Week ended 4 Wks. enddd 29 I J a n , 22| J a n . 29 1 Jan..l " ($ B i l . , SA) 36.83 37.28 36.69 36.69 37.01 36.67 34.64% 34.36 Week ended J a n . 22 ~ | J a n . 15 281.9 281.6 36.89 36.22 36.63 ,34.59 4 Wks. ended J a n . 22 | Dec. 25 1 . , SA) 36.98 36.57 36.83 34.44 282.2 284.2 Average of 4 Weeks Ended J a n . 29, 1975 13 weeks previous | 26 weeks previous 24.1 8.2 1.7 4.3 21.7 4.3 3.7 Average of 4 Weeks Ended J a n . 22, 1979 13 weeks previous | 26 weeks previous from 4 Week Averages 1 52 weeks previous" 14 from 4 Week Averages 52 tjeeks previous 4.1 616.0 61%.1 614.9 615.7 496.2 497.0 495.8 494.3 419.2 426.7 427.0 425.7 2.4' 2.6 1.9 1.1 Week ended '4 Wks. ended 29 I J a n . 22~ J a n . 29 1 J a n . 1 (NS&) 143 10 6.99 5.62 .6.55 6.78 8.01 P 7.83 594 J7.17 6.32 7.18 1 7.31 8.09 7.80 414* 14 ' 7.27 6.31 .7.47 7.62 8.62' P 7.83 673 29 8.35 • 7.09 9.18 9-19 10,16 7-87 SA--Seasonallv \d iusted . 1/ Includes r e q u i r e d r e s e r v e s a g a i n s t Euro-dollar borrowings and b a n k - r e l a t e d commercial p a p e r . Reserves Available t o Support P r i v a t e Nonbank Deposits are r e q u i r e d r e s e r v e s f o r (1) p r i v a t e demand d e p o s i t s , (2) t o t a l tJine and savings d e p o s i t s , and (3) nondeposit sources of f u n i s , p l u s excess r e s e r v e s . Reserve aggregates r e f l e c t changes i n Regulation D. Per cent annual r a t e s of growth^ f o r required r e s e r v e s and o t h e r r e s e r v e aggregates have been adjusted- t o remove t h e e f f e c t of t h e s e s t r u c t u r a l changes. Includes member bank d e p o s i t s , l o a n s sold t o b a n k - r e l a t e d i n s t i t u t i o n s , E u r o - d o l l a r borrowings of U. S. banks, and c e r t a i n nondeposit i t e m s . On J a n . 22, 1975 b a n k - r e l a t e d commercial paper amounted t o $8,596 m i l l i o n . • , . Average of range of o f f e r i n g r a t e s of negotiable c e r t i f i c a t e s of d e p o s i t with t h r e e month maturity i n secondary market Daily average y i e l d on 20-year b e n d s . Source:" U.S.™ Treasury. N3TE: A l l percentage changes a r e a t seasonally a d j u s t e d annual r a t e s , not compounded. Digitized( for FRASER