Full text of U.S. Financial Data : Week Ending September 27, 1967

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

U.S. FlflflnCIRL DATA
Week ending September

library

11,

1967

FEDERAL RESERVE CREDIT (Page 2)

TIME DEPOSITS (Continued)

Federal Reserve credit has grown at a rapid
12 per cent annual rate in the nine months since last
December. This compares with a 7 per cent trend rate
of growth from 1957 to 1966. In the last three months,
Federal Reserve credit has gone up at a slower 5 per
cent rate, but banks have continued to gain reserves
at a rapid rate due in part to factors other than
federal Reserve credit.

which banks must also set aside reserves, have grown at
a 15 per cent rate since June and at a 17 per cent rate
over the last nine months, compared with a 12 per cent
rate of increase from 1957 to 1966.

BARK RESERVES

(Pages 3 and 12)

Total reserves of member banks have increased
at an 11 per cent annual rate in both the nine months
since December and the three months since June. This
rate compares with a 3 per cent a year average from
1957 to 1966. Reserves are a key monetary variable,
largely determining the amount of bank credit and money.
Reserves available for private demand deposits
have grown at a 6 per cent rate during the past nine
months and at a 5 per cent rate since June compared with
an average annual rate of 1.5 per cent from 1957 "to 1966.

DEMAND DEPOSITS

cent rate
cent rate
rates are
rate from

(Page 4)

Demand deposits have increased at an 8 per
over the last three months and at a 7 per
over the last nine months. Both of these
substantially greater than the 2.2 per cent
1957 to 1966.

MONEY STOCK

(Pages 5 and 12)

The stock of money, which includes both demand
deposits and currency, has risen at a 7 Per cent annual
rate over both the last three months and the last nine
months. This rate compares with a 2.4 per cent trend
rate from 1957 to 1966.

DIME DEPOSITS (Page 7)
A consistently high rate of growth of time
deposits accounts largely for the growth of reserves
available for private demand deposits at a rate less
than that for total reserves. 'Time deposits, for


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

Rates of change reported in this release are
intended to serve as summaries which may be
useful in analyzing recent developments.
Prepared by Federal Reserve Bank of St. Louis

Released: September 29, 1967

FEDERAL RESERVE CREDIT
Weekly Averages of Daily Figures
Billl,UT r 1

.
49
'
•
48

2

ww

1 1 ^ 1 1 1 i 1 1 1—1—1 1 1 1 1 1 1
Annual rates of change of Federal Reserve Credit
adjusted for reserve requirement changes
average of four weeks ending Sept. 27, 1967
from fourweeks ending:
June
28,1967
+S.t
Mar.
29,1967
+
Dec.
28,1966
-h/z.o
Sept. 28, 1966
-h S. i

k9

48

1

1
—
Rpaprvp n r*eri11 Art h 1st
l
for Reserve Requirement Changes

47

46
Feeler al Re se rve3
ULL
vJ xtIa - |:
—r~
•
\L\ ••*

J+3

44 *V 1
$4
*•4
•

*•1

y
44
:
,♦* ~*+~
• ♦V

44

ars

+ 7. y

1957-1966

^5

1SL VJ

rn

♦
••

♦

l|r . ♦
♦

*••

*V .

4*
•♦
♦.

•

♦ ■♦
♦
*
♦* ♦4
♦

•4

.*• 4
♦ V

\JL 2_

*
47

i-i

r

7
46

--•k
40•
F ed ereil Re sex■ve Helid Tngs of u .s. G OV(3I*Dime it
and Federal Agency Securities

:*r
—

45

Vjf
/;
7 Borrowings
tjf
IT1

V

^ usllsl Deganning waren
aujusuea.
44
for the effect of the changes in
reserve requirements,
1/ Federal Reserve Credi t excluding float and a few minor
items.
y Seasonal adjustment for Federal Reserve Holdings
computed by this bank using data ending December 1965,
Borrowings from Federal Reserve not seasonally adjusted.
43
Unadjusted data appear in the Board's H.4.1 release.
■
| 1 | I 1 1 1 U 1 1,. 1 J J 1 1 1 1 J 1 J- 1.. 1 -L | J
0
cl,

'Li ite3St diate p relLiirtin arjr
at<;st d ata p lo1tte d wee:k en iirLg: Se pt 2 7, IS>67
| i 1 1__ 1 ,, |
1_ |
__
__ __ __
__
__ __
— __
Jan.


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

Feb.

Mar.

Apr.

May

!

|

|

June

July

1967

Aug.

Sept.

Oct.

Nov.

Dec.

Prepared by Federal Reserve Bank of St. Louis

3

RESERVES
All Member Banks in the Nation

Billions of Dollars
TOTAL RESERVES
24.5 Annual rates of change, average of.

Billions of Dollars

from four weeks ending:

+- 73
1957 - 1966
Total

Seasonal adjustment computed by this
bank using data ending December 1965.
Unadjusted data appear in the BoardTs.
H.4.1 release.

Reserves Available for
Private Demand Deposits
RESERVES AVAILABLE FOR
PRIVATE DEMAND DEPOSITS
Annual rates of change, average of
from four weeks ending:
June 28, 1967

Latest data preliminary

Seasonal adjustment factors have been revised
to incorporate data through early 1967•
Jan.

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

15 221
Feb.

15 29 5 12
Mar.

28 5 12
June

26 2

30613274
Sept.

18 25 1
Oct.

15*29 613
Nov.

Prepared by Federal Reserve Bank of St. Louis

DEMAND DEPOSIT COMPONENT OF U.S. MONEY STOCK*
Averages of Daily Figures
Seasonally Adjusted

of Dollars
ri 1 1 1 i 11,1 l 1 I 1 T~~
144 _Annual rates of change, average oJ r
__four weeks ending Sept. 20, 1967
from four weeks ending:
143 ~ June
21, 1967
+7?
— Mar.
22, 1967
+ ZJL
142 — Dec.
21, 1966
f 7, f
_Sept.
21, 1966
y-J.O

W1

Billions of

_1957 - 1966

140
139

/
&3
* /r
7^

138
137
r

136
135

>1
***
-•*
9

133

TjM.

.j-week centered
sire
mu Vi1

.**■

..*■
'' fc
X
W ee a}

*/

I^gjj A

s'

\X
X
/ 1?/ /

. WEEKLY DATA
196*7.
)*~nts 7 J,3X7 "
/y i3 (? ) X /37 t
2/ /3u‘i
JlcL J /3J„L
r /X /3i.t
n 73t~
*4 /3L±✓
i%-*s> X 7 3 ft ’ i
r f 73%,u
7b 73% ) ■
X3 /39~r ■
3 0 JS%Jy
k /3 r
/3 /%0 t
jo /3f./ /”
—

132
131
130
129

* Current data appear in tne uoara.'s n.o release, uacjs
n
uaoa
XiJL Okie (tu^uo u
f rcucicw. ncoci v c uuxj.cwxij
T
;st dat£1 n relimlnary
128
For trend of rtpniAnrJ deposits hy months see this bank's
Latest data plotted week ending:Sept. 20, 1967
monthly rele ase ent itled "Monetary Trends".
0"
mu .................
mi _1__l_1_1_1__1__!_1__1__i_1__1_1__1__1_1_1_'_1__1_l__J__L_J_
4
18 25 1
1521
15
29 5 12 26 3
17 31 7 14 28 5 12 26 2
16 30 6 13 27 4 18 25 l
15 __
29 6 13
Jan.
FeB.
Mar.
Apr.
May
. June
July
Aug.
Sept.
Oct.
Nov.
Dec
1967
Prepared By Federal Reserve Bank of St

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

Billions of Dollars
- Annual rates of change, average of

5

MONEY STOCK*
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

from four weeks ending:
June 21, 1967

_ 1957 - 1966

i WEHCLT BAIA__
____

n jin
13-week centered
average

30

nr/---

Weekly

data appear in the August 1967 Federal Reserve Bulletin.
For trend of money stock by months see this bank'
monthly release entitled "Monetary Trends".

Latest data preliminary
J__ I___I___L

18 25 1

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

15 22 1

31 7 14

28 5 12

26

2

16

30 6 13

27 4

168

18 25 1

June

Prepared by Federal Reserve Bank of St. Louis

CERTICATES OF DEPOSIT il
Wednesday Figures

Dollars

Annual rates of change, seasonally unadjusted data
average of four weeks ending Sept. 20, I967 from
four weeks ending:
June 21, 1967
+
7.U.5
Mar. 22, 1967
+. /£.3
Dec. 21, I966
qq
Sept. 21, 1966
+
/4 $

0

1964 - 1966

0

£0 3

0

0

0

0

0

0
Current and year ago data appear in the
Board's H.4.2. release.
1/ Negotiable time certificates of deposit

Latest data preliminary
Latest data plotted:

25 1

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

8

22

1

15

29

0
5

17

31 7 14
1967

28 5

12

26

2

16

30

6 13

27 4

11

25 1

15

29

6 13

Prepared by Federal Reserve Bank of St. Louis

BiU
188
186
184
182
180

TIME DEPOSITS*
All Commercial Banks
Weekly Averages of Daily Figures

ns of Dollars
1 II 1 1 1 1 1 t 1 1 1 1 1 n
Annual rates of change, average 01
four weeks ending Sept. 20, 1967
from four weeks ending:
June 21, 1967
/sf. y
Mar.
22, 1967
■/- Af 5”
Dec.
21, 1966
i-n-3
Sept. 21, 1966
■/•/J’ vT

Billions of Dollars
188

Seosonnllv Adiusted
186
184
182

WEEKLY DAIA
1967
JU. 7 nt-S r /y /7j.y
' fi-t nxu
ir m.i
J *1, s n3.3
/2* /7 M
n nil
it, j7S.fi
a
! 7S.(,
* -71 nit,

19*57 - 1966

T

/;
178
176
•

172

n', / ii.l
. *3 !77 i
3a mi
£^ * /7t-V
73 W.ie
/-7r.f P

170
168
166

180
178
176
174
172
170
168
166

164

164

162

162

•

160
158

158

156
154-

Idite st dsLta ■d:re] imInimi
Latest data plotted week ending: Sept. 20, 19 67,
1 i 1 1 M 1 1 11 1 1 1 1 1 L1._U
—v.
Jan.


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

Feb.

Mar.

Apr.

May

* Current data appear in the Board's H.6 release. Back
data appear in the August 1967 Federal Reserve Bulletii1.
For trend of time deposits by months see this bank's
monthly release entitled "Monetary Trends".
__1__1__1 l ill__L_1__1__U_l__1__l__i__1__1__1__1__1__1__1__
June

1967

July

Aug,

Sept,

Oct,

Nov.

156

Dec.

Prepared by Federal Reserve Bank of St, Louis

BORROWINGS AND EXCESS RESERVES
All Member Banks in the Nation
Millions of Dollars

Millions of Dollars

1100

1100

1000

1000

BIWEEKLY SETTLEMENT PERIODS

Excess Reserves

Net Free Reserves

Borrowings

-100

-200

-200

Latest data preliminary


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

12

2

26

June

16
Aug.

30

13

27
Sept.

11

25
Oct.

8

22
Nov.

Prepared by Federal Reserve Bank of St. Louis

BUSINESS LOANS
Large Commercial Banks

9
Billions of Dollars

Billions of Dollars
Seasonally Adjusted bythisBan

_ from four weeks ending:
June 21, 1967

_ i960 - 1966

Current and year ago unadjusted data appear in
■the Board's H.4.2. release. Seasonal adjustment
-computed by this bank using 1962 through 1966 data.

Latest data preliminary
4

16 25 1
Jan.


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

15 22 1
Feb.

15
ar.

29

5 12
Apr.

26 3

17
May

31 7 14

285 12

June

.

1967

26 2

16

30 6 13

27 4

18 25 1

29 6 13

Sept.

Prepared by Federal Reserve Bank of St. Louis

YIELDS ON SELECTED SECURITIES
Weekly Averages of Daily Rates Ended Friday

Per Cent

10
Per Cent

Corporate
Aaa Bonds

Long-Term
Government Bonds
\
„*■!•**

Discount Rate
Three-Month Treasury
Bill Market Yield -

6 13

27 3


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

17 243

I

L...1__L

17

31

7 14

I

I .1,
28 5 12

26

2

l6 30 7 14
June

28 4

__ L

Prepared by Federal Reserve Bank of St • Louis

11

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

Per Cent

per

cent

Prime Commercial Paper4-to-6 Month
-

Prime Bankers

Discount Rate

Latest data plotted are averages of rates available for the week ending: sept. 29, 1967
6 13

27

3


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

17 24 3

17

31 7 14

28 5 12

26 2

16

30 7 14
1967

28

4

18 25 1
15 29 6
Aug.
Sept.

13 27 3
Oct.

17 24 1 15
Nov.
Dec.

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

V

ni.2

as 79

4 OS

834

IX.

23.LL

323

(,3

r2(*(e

/l.o¥

23. Si

4o4

/as

*38/

Z74. 7

y.<. 9(t>

33.Y2.

327

t* 77___

174.1

/L 08

P3.4I*

38/

/62

tl 7?

/7S.L

/L aS

23 Id

73!

77

/JS4

___ /7L.0

/&./ 0

23.34

isS

43

/3/2b

___ !7k.3

/L 0/

3 1.i3i

At*/

7/

f/70___

/L.jL

<33 93

4.2/

yy/____

42.90

___ n a./

// 1/
----------------/(,.S4

33. ?!

4/. 2,

IS3

9/07

___ m.k__

334?

L43

y S74

ns. i__

iu au.

23. 2S

23 U

S/

4/8S

/L 2 L

24.21

4.32-

S4

9372

177.2

i.

/c. 3lC>

.27. CO"

33 S"

4/73___

172.3

q

/L.3£-

DH.oS

37 i

/L

J L 3'S'

J3.M

3TA*

23

//. </3

23.91

4.48

97_____

4 4//

/79. /

3o

//_. J_/

33. (.1

24/

4U

4/7SL____

HI /

//. 39

24 IS

3C.(c

7?_____

410.____

77%S

/u.ya-

£4.0 f

70

•h 3) (p

m.x

/C./7

SL4/3.
2.4./f *

to

--------------*z/_

xf
*

—
/9
/!..*

FREE

EXCESS

MONEY STOCK
AVERAGES OF DAILY FIGURES
WEEKENDING WEDNESDAY
SEASONALLY ADJUSTED

/ <. 71,

---------------i-j-

(1 6

TOTAL
RESERVES

AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
MILLIONS OF DOLLARS

____
/3

_________ afei


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

/r /P

//t.
9/____

427/___

i 1?°.

/«??____ _ +&S3.___

vi

/ O(o____ 4~3o8
*

7i

-b/XJ t>

___ n3Q-

n<c.4

___ H7.7-

___ 1721__
/19.X,

177.? t

LARGE CERTIFICATES OF DEPOSIT

BUSINESS LOANS
LARGE COMMERCIAL BANKS

LARGE COMMERCIAL BANKS

WEDNESDAY FIGURES
MILLIONS OF DOLLARS
DATE

UNADJUSTED

SEASONALLY
ADJUSTED

DATE

WEDNESDAY FIGURES
MILLIONS OF DOLLARS
SEASONALLY
UNADJUSTED ADJUSTED

DATE

UNADJUSTED

DATE

UNADJUSTED

i YtSA'

HILL

LO, 130

L3 V/7 P

C,2 MA
uuM—Z

P - PRELIMINARY

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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

13

14

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

„¥F.„
3-5 YEAR

3-MONTH
TREAS. BILL

PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES
WEEK ENDING FRIDAY

WEEK
ENDING

PRIME
COMMERCIAL
PriUF
LARGE
CORPORATE
PAPER
BANKERS
90 DAY.
Aao
4-6-MONTH ACCEPTANCES CD’S**
PER CENT PER ANNUM
FRIDAY
AVERAGES OF DAILY FIGURES
PI'S (IRES
WEEK ENDING FRIDAY

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

3- 9/

4. XI

3.JJ).

4. AO

3.37

4. f4

V.6?

4 90___

430

3/4

4.n

3.39

4. ft

4 36

3.00

___ J. 90___

JLf

y.r/

3. It.

4. IJ

3.36,

493

4 36

3,oo

3. 43

J/

4. 9o

3,tf

4-24

3.31

3. Oo

4. 6,3

3.00

___ HA___

4.9/

3. / 6,

4/3

3.39

3.oo

4.10

3.60___

+ 94

3a3

4.n

3.3X

3.00

4 33

3.00

___ 4.33

/»

44 L

3aX

4. AO

3.6,2.

3. oo

4.7S

4.X 0

___ 4.6.3___

J3

4. 97

S.3S

4.33

3.L3

3, oo

4-73

430

J. 90

i

4 9L

X 33

4 4/

3.kt

3. 06

___ 4 73

___ 4,03___

__ 3. 00___

/

4.9.1

3.33

4.3/

3.LL

3.oo

4<oL

4 76

___ 4.03___
__ $33___
__ 4. o.O___

/?67 n
<L.L

7

/<■

4.96.

3 39

437

3.63

3. on

y a

4. ft

AA

3-0/

3.44

4.34

3.6,4

3.06)

■y. 7o

4. ft

* A?

3.0 3

3.4U

43/

3.6,3

3.0 0

4ff

•AVERAGES OF RATES AVAILABLE


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

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

JJQ___

___ 4 0 0___