Full text of H.9 Weekly Summary of Reserves and Interest Rates : August 26, 1971

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FEDERAL

RESERVE
-T

TRev. 6 / 7 0 )

s t a t i s t i c a l

r e l e a s e

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 )

For

r r h

immediate r e l e a s e

August 26,
Week e n d e d
A u g . 25
Marginal Reserve Measures & I n t e r e s t Rates

($ h i l . .

SA)

771
1,180
-662
-891
5.48
5, ,59
5.79
5 . ,82
4 . 65
4 , ,95
5.75
5. ,88
8.54
8, ,70
6.18
6 ,, 2 1

31.4
30.7
31.4

3 1 . ,8
3 0 . ,6
3 1 . ,5

Week e n d e d
A u g . 18 A u g .
($ b i l . ,

J u l y 28

1
|

Year-ago data
Week
4 wks .
A u g . *26 6
A u g . 26

827
-613
5 .56
5 .82
5 .05
5 .81
7 .90
6 .32

830
-672
5 . ,29
5 . ,57
5 . ,41
5 c,71
6 . ,45
6«,38 -

660
-522
6 .34
7 .04
6, . 2 8
7,. 7 3
8,. 1 5
7 .08

881
-707
6, , 6 8
7.. 3 4
6, , 4 3
7,, 8 3
8. . 2 3
7..07

4/

Total reserves
Nonborrowed r e s e r v e s
Required reserves

Monetary Aggregates

A u g . :25

(NSA)

Member b a n k 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 1/
3-month Treasury 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

4 weeks ended

A u g . 18

1971

11

31 . 6
30 . 8
31 .4

Aug.

3 1 . ,2
30.,,4
3 1 . ,1

4 weeks ended
18
J u l y 21

28, 5
27, ' -j
28, .3

28 .7
28 . 1
28 . 5

Week e n d e d 4 wks . e n d e d
A u g . : L9
A BR. 19 -

SA)

T o t a l member b a n k d e p o s i t s
T o t a l member b a n k 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 5/
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 . G o v e r n m e n t demand d e p o s i t s , member b a n k s

346.8
350.5
228.8
258.0
6.1

344, , 5
348 . 7
228 . 7
257 . 5
. 4 .6

345. 0
349. 0
227. 8
257. 6
4. 8

!

342,.6
347, . 1
227, . 3
256, .2
3 .0

302 . 4
321 . 3
212 . 7
, , 212 . 9
5 ;6

300, .9
320, . 0
211, .2
211 .7
5 .6

NSA - 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 .
l / » U n w e i g h t e d a v e r a g e b a t e s on l o a n s p o s t e d b y m a j o r New York C i t y b a n k s .
2 / A v e r a g e o f 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 c o n d a r y m a r k e t .
3 / 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 .
5 / I n e 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 .
5/ Sometimes r e f e r r e d to as t h e " a d j u s t e d bank c r e d i t p r o x y " .
I n c l u d e s member b a n k 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 o f 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 A u g u s t 18 b a n k - r e l a t e d
com
m e r c i a l p a p e r amounted t o $ 1 , 7 6 8 m i l l i o n .




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