Full text of U.S. Financial Data : Week Ending July 12, 1967

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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ORTH

Week ending July 12, 1967

LIBRARY
FEDERAL RESERVE CREDIT

(Page 2)

Federal Reserve credit, adjusted for reserve
requirement changes, averaged $47.1 billion during
the four weeks ending July 12, up $750 million or at
a 6.5 per cent annual rate since March and at a 14 per
cent rate since late December. The increase in the past
three months reflects net System purchases of Government
securities. Member bank borrowings changed little on
balance, and reserve requirements were unchanged.
MOREY STOCK

(Pages 5 and 12)

Private demand deposits averaged $136.8
billion during the four weeks ending July 5> after
growing at a 7 per cent annual rate over the last
three months. From December to March, demand deposits
rose at a 6 per cent rate; from 1964 to 1966, they
went up at a 4 per cent rate. Currency held by the
public, the other component of the money stock, has
increased at a more uniform 6 per cent rate since late
December. The total money stock averaged $176.2 billion
during the most recent four-week period, up at a 7
per cent annual rate since late March after rising at
a 6 per cent rate in the December-March period. By
comparison, money rose at a 4 per cent rate from 1964
to 1966.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

TIME DEPOSITS

(Pages 6, 7 and 13)

Time deposits at all commercial banks averaged
$172.1 billion during the four weeks ending July 5, up
at a 15 per cent rate over the last three months and at
a 17 per cent rate since December. In contrast, total
time deposits grew at a 13-5 per cent rate from 1964
to 1966.
Large negotiable certificates of deposit at
major banks have fluctuated around $19 billion since
March. These CD's, which are purchased primarily by
large corporations, rose about $3 billion in the
first quarter of this year, recovering from the decline
experienced in the latter part of 1966.
MONEY STOCK PLUS TIME DEPOSITS

(Page 4)

Money stock plus time deposits, a broader
definition of the money stock, rose at an annual rate
of 11 per cent during the latest three-month period
and at a 12 per cent rate since December. This measure,
which generally expands at about the same rate as total
bank credit, increased at an annual rate of 8 per cent
from 1964 to 1966.

Prepared by Federal Reserve Bank of St. Louis
Released: July 14, 1967

FEDERAL RESERVE CREDIT []_
Weekly Averages of Daily Figures
Seasonally Adjusted by this Bank

Billions of Dollars

i

48 -

i

i

i

i

i i" i i

i I

[2

Billions of Dollars

r- i

m i i "l. . . .i
Annual rates of change of Federal Reserve Credit
adjusted for reserve requirement changes
average of four weeks ending July 12, 1967
from four weeks ending:
Apr. 12, 1967
fi,.S
Jan. 11, 1967
+)3J
Oct. 12, 1966
+n!
July 13, 1966
+*'*-

48

47

47

Federal Reserve Credit Adjusted
for Reserve Requirement Chang

46

46

45

45
Federal Reserve^ Credit

S

44

Federal Reserve Holdings of U.s. Government
and Federal Agency Securities

43

42.

* Data beginning March 2, adjusted
for the effect of the changes in
- 43
reserve requirements.
Federal Reserve Credit excluding float and a few minor items.
_
Seasonal adjustment for Federal Reserve Holdings
_
computed by this bank using data ending December 1965;
Borrowings from Federal Reserve not seasonally adjusted.’
42
Unadjusted data appear in Board's H.4.1 release.
*

latest data preliminary
: Latest data plotted week ending: July 12, 1967
_LJ__I__L_I__I__!_J_J__L_l_l—J—I—I—1—1 J__I__L
284 18 25
15 22 1
14
12 26 2
lb
30
15
29
Nov.
Dec.
Jan.
Mar.
Feb.
Oct.
1966


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

44

12 26
Apr.

16
28 5 12 26
31 7 14
17
30 6 13
July
Sept
May
June
Aug.
1967
Prepared by Federal Reserve Bank of* St. Louis

'0

RESERVES
All Member Banks in the Nation
Weekly Averages of Daily Figures

Billions of Dollars

24.5

—
Seasonal adjustment computed by this
bank using data ending December 1965.
Unadjusted data appear in the Board's H.4.1

ici.co.oc •
r T T T t1 1i T 11 1 1f f !1 t1 it1
1
1
1 11 1
t
1
TOTAL RESERVES
24.0 _ Annual rates of change, average of
four weeks ending July 12, 1967
from four weeks ending;
“
Apr.12, 1967
-ho.Y
- Jan. 11, 1967
y-f.y
Oct.12, 1966
~h&.9
23.5 _
_ July13, 1966
-f 3. A.

3

Billions of Dollars
24.5
1J Data prior to March l6, 1967 adjusted for
estimated effect of reserve requirement changes,!
and do not correspond with monthly series which
adjusts data to reserve requirements in effect
fram September 1906 to March 1967*
24.0
&3 u

•

23.5
Total l/

I
23.O

\|
1

n.

I

J
-

22.5

22. OJ
15.0

1■

RESERVES AVAILABLE FOR
PRIVATE DEMAND DEPOSITS
Annual rates of change, average 0 f ■
four weeks ending July 12, 19^7
—
from four weeks ending:
Apr. 12, 1967
/-jy
Jan. 11, 1967
.
Oct. 12, 1966
/vy
July 13, 1966
+1-Y
—I III) -t-i-d—1 {■ 1 1 1 1

■ v *
I I I I 1
Reserves1 Available for
e
rnw.r,La uej305 b»
r n1


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

f

f

u

Latest data preliminary

Latest data plotted week ending: July 12, 1967
28 4
18 25 1
15 831
30 7 l4
Dec.
Jaa.
Feb.

29 5

16
30 6 13
28 5 12 26
17
31 7 14
Aug.
Sept.
July
May
June
1967
Prepared by Federal Reserve Bank of St. Louis

5

Billions of Dollars

MONEY STOCK PLUS TIME DEPOSITS
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

T—I—m
■
.

_

Annual rates of change, average of
four weeks ending July 5* 1967
from four weeks ending:
Apr. 5, 1967
y- n, o
Jan. 4, 1967
t //, 7
Oct. 5, 1966
y- y.VJuly 6, 1966
+- 7 «4

33?.?

/2s £+0-0 --/? 339.0 —
J-L 33f-S __

,3ilay

3 3 Y 0‘ X.

J? 3+3.9 ---3+9.3 1__

- June i960 - June 1966

3/ 393'.*. ;

r

7
// JV7<? ;—
J-/W I—
o?<f
___

jLlitS 3+%UP

* Current data appear In the Board's H.6 release.
Back data appear in the September 1966 Federal
Reserve Bulletin.
For trend of money stock plus time deposits by months see this bank's monthly release entitled
-

Latest data preliminary


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1

15 22 1
Mar.

June
Prepared by Federal Reserve Bank of St. Louis

5

MONEY STOCK *
Billions of Dollars
1 ..................................... ..... ..... ..... ..... 1--- K—
1B1 _ Annual rates of change, average c>f
four weeks ending July 5, 19^7
" from four weeks ending:
180 - Apr. 5, 1967
- Jan. k, 1967
+ 1-7
ti-t
179 - Oct. 5, 1966
_ July 6, 1966
■¥■ ^7
178

Jume is?6C - Ju me l!

Averages of Daily Figures
Seasonally Adjusted

r~i"~Ti 1
WEEKLY DA*DAr
1967.
dX-iJ jC /H. •4 :

/? nn»
179
no. r V
* '* jv. t, i
; r - 178
n /?*:
(
f 7(, <1

177
176

•
174

3/
»
J UfU. 7 /7jr.5 l
/V m7
1
J.I
it
Jlulp 5 171A)rY

/

1
JO-weejK. centered
\l
\
.**
*«

r*wi

f

y

***

169

176

175

173

,a
172

+0m r»*#

171
170

«JL« 1 <4 am •

■ ■a

177

174

,*■ -«*

173

170

tJY'i

>♦** ‘

171

180

j.l

t 3. 7

172

181

169

We(ski-y

168
167

167
166

Current data appear in the Board's H.b release. Back
d ata appear in the September 1966 Federal Reserve Bulletin.For trend of money stock by months see this bank's
monthly release entitled "Monetary 'Trends".
—c
■X

165 -L ate;st d, it! P re! .in iin arjr
•JL, ate;st djate P lo1:te d ifee:k enclir«: JuJLy 5, 1! ?6l
0" u
_l
_i
_J

J

Oct.

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

_l

Nov.

1966

Dec.

Jan.

_l_1
Feb.

__

Mar.

-1--L..I

1
Apr,

M 1 1 1

1

1 _L 1

1 I

1

1 II

1

1

1 1

1

Sept,
July
June
MayAug.
1967
Prepared by Federal Reserve Bank of St. Louis

166
165

CERTIFICATES OF DEPOSIT 11
Large Commercial Banks
Wednesday Figures

Billions of Dollars

rates of change, seasonally unadjusted
from four weeks ending:

--- June 1964 - June 1966

Current and year ago data appear in the
Board's H.4.2. release.
1l Negotiable time certificates of deposit

Latest data preliminary
Latest data plotted:

I

5 12

I ..I
26 2


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

16

30 7

14

28 4 11

25 1 8

22

1

19 26 3
June
July
Aug.
!Sept.
1967
Prepared by Federal Reserve Bank of St. Louis
May

TIME DEPOSITS*
All Commercial Banks
Weekly Averages of Daily Figures

Bil] Dns of Dollars
186
11 1 1 1 r 1 1 1 1 1 1 11 n
Annual rates of change, average ojf
184
four weeks ending July 5, 1967
from four weeks ending:
Apr. 5, 1967
+/S.1
182
Jan. 4, 1967
t/7.A.
Oct. 5, 1966
y- A2.7
180
Jul y 0, 19 06
/ /a. 0

Billions of Do:
T 1 ! .1-1

Sensonnllv A rl i u s t e rl

IQ67

178
176

/7. •-7

-

«•
0
n /<,?■ r '
*t, /b7-7
/tf.O
* tt> /tf.c,
/7
/£,?.(>
3/
170.8
V? tv. 7
■*-/ J7J.? US t/°t.t
ry s na.i f

172
—

170

168
166
164

162
160
158
156

154
La test data pr el i nr .na ry
La test data Pi ot tecL w ee.k i >ndin*?:Jul; r 5 19(57
152,
J
_lu
u
_J_IL_LJ
0 __
Feb.
Jan.
Dec.
Nov.
Oct.
1966

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Current data appear in the Board's H.6 release. Back
data appear in the September 1966 Federal Reserve Bulletin.
For trend of time deposits by months see this bank's
—
monthly release entitled "Monetary Trends".
_
1 1
1 1 1 1 1 1 1 1 1 1, 1 1 ' 1 1 l 1 1 1 1 1 r-

Mar.

Apr.

May
June
July
Aug.
Sept
1967
Prepared by Federal Reserve Bank of St. Louis

BORROWINGS AND EXCESS RESERVES
All Member Banks in the Nation

8
pH

1100

1100

•
■•

1000

1000

900
. 1SIWEE <LY S 31"] ?LE ME ¥T PERI(DDE 1

800

700

700

600

600

too

•
■■
4
•

900

•

500

Millions of Dollars
Excess Reserves

V—
V
\

We<ski y

*

a

1 */
w *1
' 3iv ee ki; y

V

500

4oo

f*

t*

300

LJ__
□

200

Borrowings
500
/
/\
j
Sj
/

A

's

300

>

Ex ce 3S Re se: *ve s
hH

7

4oo

r~

/

300

A

24 7

\

200

N< ;t Fr *e Re se rve s ~

200

1/

Biweeki

m

s

Be>rrow:

0

5r

100

/

Weekly

0

Net Free Reserves

-100

-100

-200

-200

-300

-300

Weekly.

-too

__ __
1

—
-Latest data preliminary
-Latest data plotted, week ending: July 12, 19b?
-600
1__ I___i___I___I___I---- 1---- 1----L.
J__ I__ I__ l_
J__ I__L-- 1--- 1__ I__ L.
4
18
1
15
1
15
29
12 26
10
24
Jan.
FeB.
Mar.
Apr.
May
1967


-400 •

-500

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Biweekly

-500
7
21
June

-600
5

19
July

IJb
Aug.

600

May
June
Prepared "by Federal Reserve Bank of St. Louis

July

BUSINESS LOANS
Large Commercial Banks
Wednesday Figures

Billions of Dollars
—I—r—1—i—i—r-'t

I—I—:—r—I—I—I—I—

_ Annual rates of change, average of
four weeks ending July 5> 1967

9
Billions of Dollars

Seasonally Adjusted bythisBank

from four weeks ending:
5, 1967
+/0.I
4, 1967
-/-/A, /
5, 1966
^
6, 1966
+
3

Apr.
Jan.
Oct.
July

Current and year ago unadjusted data appear in
the Board's K.h.2, release. Seasonal adjustment
computed- hy this bank using 1958 through July
1964 data.

Latest data preliminary
Latest data plotted: July 5, 1967


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

30714

18251

15

Sept.
Prepared by Federal Reserve Bank of St. Louis

YIELDS ON SELECTED SECURITIES
Weekly Averages of Daily Rates Ended Friday

Per Cent

Per Cent

Corporate
Aaa Bonds

Long-Term
Government Bonds

Discount Rate

Three-Month TreasuryBill Market Yield

on

o

l_i__ l


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

30 6 13

27 3

I

I 1
17 24 3

17

31 7

l4

28 5 12

2i

1967

June

A 28 4
July

18 25 1
.
Aug.
Se_

Prepared by Federal Reserve Bank of St. Louis

If

SELECTED SHORT-TERM INTEREST RATES
Weekly Averages of Daily Rates Ended Friday

Per Cent

Per Cent

Prime Commercial Paper
If-to-6 Month

Discount Rate

Prime Bankers'
Acceptances

Federal Funds Rate

C O
O

7 14

28 b


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

18252
1966

1630613

27 3

17 2k 3

31 7 lh

28 5 12

26 2

1967

J__I__L
16 30 1 lh
June

28 If

18 25 1

Prepared by Federal. Reserve Bank of St. Louis

MEMBER BANK

12

AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
RESERVES
AVAILABLE
FOR PRIVATE
WEEK
ENDING DEMAND DEPOSITS
!9L7 %1*aXI

•'
' 1/
TOTAL ±1
RESERVES

AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
MILLIONS OF DOLLARS
FREE
RESERVES

EXCESS
RESERVES BORROWINGS

;S. 44

22 n

7.14

11.7

t

/<77

DA. 33

3S9

IS

/jr.f?

JJ./2

MONEY STOCK
*
AVERAGES OF DAILY FIGURES
WEEKENDING WEDNESDAY
SEASONALLY ADJUSTED
BILUONS OF DOLLARS

e

171,0

2C2

+1^7

7 72.0

3 72.

173

1194

173.1

SCL

302,

121.4

J 72.7

23. LS

APS

13S

12 So

.. / 7X2___

1l of.
24

-

S

1L.OI

23.74

447

180

12L7

173- 4_
_

72,

IS. 7/

2.3.44

DDL

i#s

iPl

173.0

74

1S.7P

3 3.1.0

4?P

nt

fjQO

-22L-&-—

27.

IS. 34

2A. &>!

2^(c

9P

41 VP

/Y\eM 3
--- inj -■

IS. 70

23. 74

40S

134

1-2-7/__
?

IS.

47

33. L L

324

n

Ib.OO

33.38

VO*

123

__ 1381___

24

lS.13

23.4X.

33-1

So

13 77

3/

IL./f

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102,

7
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jL/<- s

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12 77

17.. 04

23.6,1

331

77

1 2S*P

71.

A?

23.34

3 6, 7

*3

1 izi

1)3

23,58

2^/

9/

1/.. 13
iL.ZC

2.3. *¥
0? 3.83

¥2.0

/y/

IC.it /

A3,?22>

&C>C

!L>.
24_

03

(a Co

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171,7

/7Y1_.....
17S O
usa

mi.

+ /*9
_

/7£? P. .
tlAf

fJ? 7 p

L—--------

*i/

Data
http://fraser.stlouisfed.org prior
Federal Reserve Bank of St. Louis

_

/7C.3-

3J3

ci_

170 8

to March 16, 1967 adjusted for estimated effect of reserve requirement changes.

BUSINESS LOANS
LARGE COMMERCIAL BANKS

LARGE CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS

WEDNESDAY FIGURES
MILLIONS OF DOLLARS
DATE

UNADJUSTED

126.7 (k*4
*/I

GO, 9/2
_______ !L &0, 7ol5
_______z? GO, 32f
Jej. / Go, 25-2
________ L GO, 213
_______ 75 ToQ, <70*7
_______ 2Z GO, 904
17} OA. / 7*7) 73a
/ Lo, ns
75 G7, 166
62, /2t*
29 67, 1(>Z
Qf*. 5 61,297
12 (el, 79571 7*249}
2k tp(Ls39Z
tya,,.
62.64^
7*2,72?
n (c2,27* /
29 7*0. nvi
21 G 1,136
(Justvl, 7
7*1,412
<7
/y 7,2,323
at (,3.9LO
______ 2L unn
P - PRELIMINARY

http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

SEASONALLY
ADJUSTED

59, 920
7,0,429
GO, 1ST?
GO. 132
7,1 osrz
Gt, 7)0 A
(e ( 32/7,
(el, 01G
7*/ 40?
G 1,342
U 1,511
1*1, 410
67 7* 5Y>
G),L/d
G 2,379
7*2,.545
62. 17L
62,7.10
GX Hf
62,21}
62.335
(at, GO!
/*lf44S
7*3.4 K*
(*3218

DATE

cr&

WEDNESDAY FIGURES
MILLIONS OF DOLLARS
SEASONALLY
UNADJUSTED ADJUSTED

7*4 03! />

1*3310 p

DATE

UNADJUSTED

!U1(Ua\M 74. ??n
r^n
77, 427*
IS 71.034
26 77. 257*
I 777. 7Z2
_L 72.501
75 72.49/
22 72.557
lY\on. / 72, 5/1
_JI 71, 194
IS n, lot
22 79 7/1
29 79 211
(If*.. S 79Z/G
' '
/2 79.746

DATE

(LL 5
if

UNADJUSTED

7f. 9 S3 P

/? 12.7*11
27* //, 523
TYlou 1 72 7*7)2
---- t
to 72. 7o04
n 72. 735
24 72 185
3/ 717)77
19 221
71,21G
21 72s 964
<28 7% 753

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

13

14

SELECTED YIELDS
YIELDS ON U. S. GOVT. SECURITIES
LONG-TERM

tREA^BILL

PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES
WEEK ENDING FRIDAY

WEEK
ENDING

/?/-7

3-5 YEAR

yLl

PRIME
COMMERCIAL
LARGE
PRIME
PAPER
CORPORATE
BANKERS
90 DAT
Aaa
4-6-MONTH ACCEPTANCES CD’S
PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES
FRIDAY
WEEK ENDING FRIDAY
PlGUftES

FEDERAL FUNDS
PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES
WEEK ENDING FRIDAY

4.37

YiV

V. 47

S. OX.

S.Vo

V

7/

s.xs

V.x5

V.fl

437

4 5V

4. do

3: 33

y 75

s.xS

5X0

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y-vy

47L

4.0/

5.0/

5.33

4 9V

s.xs

5/9

.

X*

MSS

VSA

VL/

S.CS

535

3.00

s.xs

Sol

")}\al/ X

4.53

4 70

947

S./J

5.35

4 93

5/3

450

/1>

4,VI

4U

4.37

S./42.

3.35

4.55

S./0

4.76

/7
JV

4.VX.

4.5/)

4X3

S./3

S.ZS

y. 70

4.95

4.5S

4.4s

4. VS-

V. /V

S./3

54/,

453

4PO

4 75

4¥x,

4/3

5/X

S/o

4-¥5

V. SO

4/5

/0

31

7

V. V4

4 3L

J 95

S. //

5 06

43&

4-XS

4-43

4

4. VS

4.39

3.39

■fT/JL

V. So

4x3

4.30

330

4.S4

4.4JC

Six.

S.//

4.7.4

4x5

430

396

4. lx.

4.SJ7

?. 7X,

S.//

4 75

4X5

4.35

4. 0 6

4. (.7

4. LX.

3. 7A,

5/L

V7S

4.X5

4.50

4.03

4. 74

4.L7

3. LS

5.74

V. 70

435

4.45

335
4.03

----

_J£_
tr

_zA
n

4

7?

4. L?

3.S?

5 XL

vli

y.xs

4. vs

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4. 50

3.90

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4. 74

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S.3L

___ VS3__

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4. 40

337

?

4.7L

4 74

3 4/

3.37

443___

4.30

43 3

3?o

/(*

4SL

y. ?<*

3.S7

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4.6,3

4.33

4. (cl

400

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4. 73

sox

3.47

3.43

453

4.40

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4.00

10

435

5/9

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473

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4.20

3.93

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4.90

3.9/

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43X

3./S

4.17

3

fcO

975

4.50

(f

(LA,
—frt
*

AVERAGES OF RATES AVAILABLE


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

SOURCE: SALOMON BROTHERS AND HUTZLER
SECONDARY MARKET RATE ON 90-DAY PRIME CD’S.

■V. 60

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS