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2S&.:.

F

E

D

E

R

A

L

R E S E R V E

s t a t i s t i c a l

Levels

Total reserves
Nonborrowed reserves
Required reserves

Monetary Aggregates
M^ (Currency plus demand deposits)
Mg (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
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/
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/
AST -Not Seasonally Adjusted
1/

I
I

u

For Immediate Release

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

H.9
(Rev. 1/76)

Reserve Aggregates^-

r e l e a s e

Percent Change (Seasonally Adjusted Annual Pat-g*')

Week ended
4 Wks . ended
June 15
July 13
| Julyo July 13
($ Bil., SA)
na

n

"7/

35.76
35.50
35.22

'.I'M

n.a«

7/

1/

•z/

34.56
34.31
34.35

Week ended
4 Wks . ended
| June 8"
July 6
[June 29 July
($ Bil., SA)
321.3
322.9
325.6
322 4

r

780.0
774.4
551.9
555.7
516.8
518.4
2.4
1.8
Week ended
Julv 13 I July 6
7/

265
l:ty
58
5.33
5.14
5.38
5.45
5.25
5.79
7.59

5.35
5.06
5.38
5.40
5.25
5.76
7.58

July 14, 1977

774.9
553.9
516.2
3.4
4 Wks.
Julv 131
(NSA)
n.a.— .
n.a.—
5.39
5.05
5.39
5.42
5.28
5.79
7.60

769.7
547.7
511.2
2.8
ended
June 15
245
44
5.37
5.05
5.47
5.49
5.38
5.89
7.69

Average of 4 Weeks Ended July 13, 1977 from 4 Week Averages
13 weeks previous 1 26 weeks previous I 52 weeks previous

n

' a -7Z

7/

I'l'H

Average of 4 Weeks Ended July 6, 1977
13 weeks previous | 26 weeks previous

7/
n.a.yj

from 4 Week Averages
| 52 weeks previous

8.1

6.1

6.5

8.8

8.8

10.8
6.1
10.6

7.4
9.7

5.1
9.6

JL
• i w i i i i i i i w i i ii i i i i i i

i\mmmmzmsm

SA--Seasonally Xdjusted .

Includes required reserves against Euro-dollar borrowings and bank-related commercial paper. Reserve aggregates reflect changes in Regulation D, Per
cent annual rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes.
Includes member bank deposits, loans sold to bank-related institutions, Euro-dollar borrowings of U.S. banks, and certain nondeposit items.
On July 6, 1977
bank-related commercial paper amounted to 8019 million.
Average of range of offering rates of negotiable certificates of deposit with three month maturity in secondary market.
Posted rates - the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more.
Yield at 20-year constant maturity. Source: U.S. Treasury.

Because of the power failure in New York City reserve aggregates data, member bank borrowings and excess reserves are not available for the week ending
July 13.

NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.