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FEDERAL , 'vA( Rt Sx; .'—•* H. 9 (Rev. 6 / 7 0 ) RESERVE statistical WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES ( A v e r a g e s of d a i l y f i g u r e s ) Week ended April 7 March 31 For immediate r e l e a s e A p r i l 9 , 1971 4 weeks ended April 7 re I m r \ March 10 Year-ago data Week ended 4 wks .'ended April 8 April 8 373 -156 3.58 4.12 3.45 4.14 5.24 6.16 496 -317 7.68 8.46 6.39 7.21 8.59 6.68 M a r g i n a l R e s e r v e M e a s u r e s & I n t e r e s t R a t e s (NSA) Member bank b o r r o w i n g s ($ m i l . ) F r e e or n e t borrowed ( - ) r e s e r v e s ($ m i l . ) Federal funds r a t e D e a l e r l o a n r a t e 1/ 3-month T r e a s u r y b i l l r a t e 3 - m o n t h CD r a t e ( s e c o n d a r y m a r k e t ) 2 / 3-month E u r o - d o l l a r r a t e U . S . Government bond r a t e _3/ Reserve Aggregates ($ b i l , . SA) 198 89 .3.98 4.48 3.71 3.94 5.64 5.87 257 163 4.02 4.48 3.51 3.87 5.28 5.80 270 -11 3.91 4.39 3.48 3.86 5.26 5.83 30.5 30.3 30.2 31.0 30.7 30.6 30.8 30.5 30.5 4/ Total reserves Nonborrowed r e s e r v e s Required r e s e r v e s Week ended March 31 March 24 Monetary A g g r e g a t e s ($ b i l . , • 800 -609 7.72 8.47 6.45 7.81 8.64 6.74 30.6 30.2 30.4 4 weeks ended March 31 March 3 27.7 27.2 27.6 27.8 27.0 27.6 , Week ended 4 wks . ended April 1 April 1 SA) T o t a l member bank d e p o s i t s T o t a l member bank d e p o s i t s p l u s n o n d e p o s i t i t e m s J>/ Money s u p p l y ( c u r r e n c y & demand d e p o s i t c o m p o n e n t s ) Time d e p o s i t s , a l l c o m m e r c i a l b a n k s U . S . Government demand d e p o s i t s , member banks. 333.7 340.3 220.7 247.7 2.7 332.4 338.9 219.3 247.1 3.5 333.1 340.0 219.2 246.4 4.6 329.7 338.2 217.7 241.6 5.9 290.5 310.1 208.3 197.0 5.9 286.8 306.6 206.7 195.6 6.0 SA - S e a s o n a l l y a d j u s t e d . Unweighted a v e r a g e r a t e s on l o a n s p o s t e d by m a j o r New York C i t y b a n k s . Average of r a n g e of o f f e r i n g r a t e s on 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 3-month m a t u r i t y - i n « s e p o n d a r y m a r k e t . D a i l y a v e r a g e y i e l d on 2 0 - y e a r b o n d s . 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 s 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 . Sometimes r e f e r r e d t o a s t h e " a d j u s t e d c r e d i t p r o x y " . I n c l u d e s member bank d e p o s i t s , 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 , E u r o - d o l l a r b o r r o w i n g s of U.S. b a n k s , and c e r t a i n o t h e r n o n d e p o s i t s o u r c e s . On March 31 b a n k - r e l a t e d for c o mFRASER m e r c i a l p a p e r amounted t o $ 1 , 6 9 2 m i l l i o n . Digitized
@FedFRASER