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FEDERAL H.9 (Rev. 6 / 7 0 ) RESERVE statistical \ release 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 Aug. 12 For i m m e d i a t e r e l e a s e August -1.4, 1970. 4 weeks ended Aug. 5 Aug. 12 J u l y 15 1,009 1,200 -854 -1,034 6.93 6.95 , 7-41 7.66 ... - 6 . 4 3 6.42 7.95 7.96 8.36 8.42 6.93 6.94 1,213 -1,047 7.34 8.13 6.55 8.08 9.16 7.10 Year-ago data Week ended 4 w k s . ended Aug. 13 Aug. 13 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) v Member bank b o r r o w i n g s ($ m i l . ) \ F r e e , o r n e t b o r r o w e d ( - ) r e s e r v e s ($ m i l . ) Federal funds r a t e Dealer loan r a t e V 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 j 3-month E u r o - d o l l a r r a t e U . S . Government bond r a t e JV Reserve Aggregates ($ b i l . , SA) 1,173 -945 6.82 7.54 6. 51 7.85 8.33 7.04 28.6 27.5 28.4 28.0 27.0 27.9 Week ended Aug. 5 J u l y 29 28.3 27.1 28.1 27.9 26.7 27.8 4 weeks ended Aug. 5 July 8 27.5 26.3 27.2 27.5 26.2 27.2 Week ended 4 wks . ended Aug. 6 Aug. 6 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 V Money s u p p l y ( c u r r e n c y & demand d e p o s i t component!) Time d e p o s i t s , a l l commercial banks U . S . Government demand d e p o s i t s , member banks NSA 1/ 2/ 3/ 4/ 5/ 1,261 -983 8.83 9.25 7.06 8.64 10.52 6.23 4/ Total reserves Nonborrowed r e s e r v e s Required r e s e r v e s Monetary A g g r e g a t e s ($ b i l . . 1,329 -996 9.18 9.66 7.04 8.45 10.55 6.19 300.6 319.4 204.5 210.2 5.6 299.2 318.8 204.3 209.1 5.6 297.3 316.9 204.0 208.2 4.6 291.5 312.0 204.0 202.1 5.0 286.2 304.5 199.1 195.6 2.9 287.0 305.2 199.2 196.9 2.5 - Not s e a s o n a l l y a d j u s t e d . 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 . A v e r a g e of r a n g e o f . 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 in second 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 i n c r e a s e s i n r e q u i r e d r e s e r v e s due t o c h a n g e s i n R e g u l a t i o n s M and D, e f f e c t i v e O c t o b e r 16, 1969. 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 Aug. 5, b a n k - r e l a t e d FRASER c o m m e r c i a l p a p e r amounted t o $ 7 , 4 6 2 m i l l i o n . Digitized for
@FedFRASER