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WF

E

D

E

R

A

L

R

E

S

f

T

V

E

s t a t i s t i c a l

r

W E E K L Y S U M M A R Y OP B A N K I N G A N D C R E D I T t E A S U R E S
(Averages of daily f i g u r e s )

Reserve A g g r e g a t e s ^
Total reserves
Nonborrowed reserves
Required reserves

34.93
34.89
34.84

I D e c . 15
($ B
35.32
35.25
34.80

4 M k s . ended
D e c . 22
| Nov"

35.04
34.99
34.75 •

24

34.80

8.5

(Currency plus demand deposits)
(M. p l u s t i m e d e p o s i t s at c o m m e r c i a l b a n k s
o t h e r t h a n large time C D ' s )
A d j u s t e d c r e d i t p r o x y 1}
• • T i m e d e p o s i t s , a l l c o m m e r c i a l banks' •
U . S . G o v e r n m e n t d e m a n d d e p o s i t s , m e m b e r banks

7.7

"311.2

310.0

737.6
538.1
489.5

735.7
537.2
488.6

73&.0
532.3
481.2

4.2

previoiis

Raip^

from 4 W e e k A v e r a g e s
1 52 w e e k s p r e v i o u s -

7.7

D e c . 15, 1 9 7 6

| 26 w e e k s

previous

|

i 4 W e e k Averages
52 w e e k s previous

4.0

1 D e c . 15

12.1

10.8

11.3
±5.6

4.4
8.3

4 Wks. ended
D e c . 22| N o v . 24

Rates
37
"11

Federal

4.63
, 4.27
4.68
4.65
4.50
5.01
7.31

funds r a t e

3 - m o n t h T r e a s u r y bill rate
= 9 0 - 1 1 9 d a y d e a l e r placed c o m m e r c i a l pa|
•
3 - m o n t h C D rate ( s e c o n d a r y m a r k e t ) 4/
S O ^ d a y C D r a t e (primary o f f e r i n g )
5/
3-month Euro-dollar rate
U . S . G o v e r n m e n t bond r a t e 6./MSA--Not Seasonally Adjusted

2/
3/

e

4.3

4.3
W e e k ended

M e m b e r b a n k b o r r o w i n g s ($ m i l . )
I n c l u d e s s e a s o n a l b o r r o w i n g s of:

1/

s

310.4

738.9
539.1
491.3

D e c ; 22
O t h e r R e s e r v e M e a s u r e s & Interest

of 4 W e e k s Ended

13 w e e k s

311.1

a

5.3.
5.8
4.7

8.6
Average

M.
M.

e

(Seasonally Adjusted Annual

A v e r a g e of 4 W e e k s Ended b e e . 22, 1 9 7 6
11
" ° ^ k s previous
1'26 w e e k s previous

34.71
• 34.54

D e c . 8 | D e c . 15
($ Bil., S A )

Monetary Aggregates

l

For I m m e d i a t e Release
D e c e m b e r 23, 1 9 7 6

percent Chanee
W e e k ended
D e c . 22

e

69
15
4,.68
4,.37
4..65
4,.70
4,.60
4,.95
7 .33

55
15

88
24

4..69
4..38
4,.69
4,.70
4,.55
5,.02
; 7,
.35

S A - - S e a s o n a l ly

,

4.99
4.82
5.03
5.07
4.95
5.32
7.68

\d j u s t e d .

I n c l u d e s r e q u i r e d r e s e r v e s a g a i n a t E u r o - d o l l a r b o r r o w i n g s and b a n k - r e l a t e d c o m m e r c i a l p a p e r .
R e s e r v e a g g r e g a t e s r e f l e c t c h a n g e s in R e g u l a t i o n D .
Per
cent a n n u a l r a t e s o f g r o w t h f o r r e q u i r e d r e s e r v e s and o t h e r r e s e r v e a g g r e g a t e s h a v e b e e n a d j u s t e d to remove the e f f e c t of these s t r u c t u r a l c h a n g e s .
I n c l u d e s m e m b e r b a n k d e p o s i t s , l o a n s sold t6 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 p l l a r b o r r o w i n g s of U.I . banks,* and c e r t a i n n o n d e p o s i t i t e m s .
O n D e c e m b e r v l 5 , ,1976
b a n k - r e l a t e d c o m m e r c i a l p a p e r a m o u n t e d to $ 7 , 6 6 0 m i l l i o n .

4/
A v e r a g e o f r a n g e of o f f e r i n g r a t e s o f n e g o t i a b l e c e r t i f i c a t e s of d e p o s i t w i t h t h r e e m o n t h m a t u r i t y in s e c o n d a r y m a r k e t .
"
5/
P o s t e d grates - the a n n u a l i n t e r e s t r q t e s m o s t o f t e n q u o t e d o h n e w o f f e r i n g s o f n e g o t i a b l e certificate s of d e p o s i t in d e n o m i n a t i o n s of
6/
Y i e l d at 2 0 - y e a r constant- m a t u r i t y .
^Source:
U.S. Treasury.
NOTE;
A l l p e r c e n t a g e c h a n g e s a r e at s e a s o n a l l y a d j u s t e d a n n u a l rateB^ not c o m p o u n d e d .




•

.

$ 1 0 0 , 0 0 0 or "more.

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