Full text of H.9 Weekly Summary of Reserves and Interest Rates : June 16, 1977

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FEDERAL

R E S E R V E

statistical

release

For Immediate Release

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

H.9
(Rev. 1/76)

Percent Change

Levels
4 Wks . ended
W e e k ended
| May 8
June 17
I June 8
June 15
($ Bil., SA)

Reserve Aggregates-^

34.75
34.53
34.44

Total reserves
Nonbqrrowed reserves
Required reserves

34.52
34.29
34.47

34.58
34.33
34.36

34.94
34.79
34.76

4 Wks . ended
1 May 11
June 8
1 June 1
($ BiL l . , SA)

W e e k ended
June 8
Monetary Aggregates
322.5

M
(Currency plus demand deposits)
m3 (M. plus time deposits at commercial banks
other than large time CD's)
Adjusted credit proxy 2/
Time deposits, all commercial banks
U.S. Government demand deposits. member banks

321.5

767.0
769.3
546.7
551.0
508.4
510.0
2.6
4.4
W e e k ended
June 8
June 15

June 16, 1977

322.2

321.5

763.1
767.3
545.4
547.7
503.0
507.9
2.8
3.4
4 Wks ended
May 18
June 15

^Seasonally Adjusted Annual

RmtRfO—

Average of 4 Weeks Ended J u n g 1 5 > 1 9 7 7 from 4 W e e k Averages
13 weeks previous
I 26 weeks previous
I 52 weeks previous

4.3
1*8
4.2

1.3

0.2
1.6

Average of 4 Weeks Ended June 8, 1977
13 weeks previous
] 26 weeks previous
9.3

7.4

9.0
5.5
7.5

9.2
4.5
9.2

2.8
2.5
2.9
from 4 W e e k Averages
52 weeks previous

6.1
10.1
5.9
9.9

Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper rate
3-month CD rate (secondary market) 4/
90-day CD rate (primary offering)
5/
3-month Euro-dollar rate
U.S. Government bond rate 6/
N5A--Not Seasonally Adjusted

3/

SA--Seasonally

\djusted.
Per

1/

Includes member bank deposits, loans sold to bank-related institutions, Euro-dollar borrowings of U.S. banks, and certain nondeposit items.
On
June 8 1977
bank-related commercial paper amounted to 8112 million.
Average of range of offering rates of negotiable certificates of deposit with three month maturity in secondary market.
n
Posted rates = the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more.

6/

Yield at 20-year constant maturity.
Source: U.S. Treasury.
All percentage changes are at seasonally adjusted annual rates, not compounded.

2/

NOTE: