Full text of H.9 Weekly Summary of Reserves and Interest Rates : August 5, 1971

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F E D E R A L

V

R E S E R V E

s t a t i s t i c aJ

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of d a i l y f i g u r e s )
Week ended

(Z4'

l e a s e

For immediate r e l e a s e
August 5 , 1971

4 weeks ended

Aug. 4

J u l y 28

Aug. 4

July 7

765
-294
5.57
5.81
5.30
5.80
6.84
6.44

545
-469
5.38
5.68
5.43
5.80
6.45
6.44

856
-636
5.39
5,65
5.39
5.76
6.50
6.39

. 608
-365
5 .03
5.33
5.03
5.47
6.90
6 .44

31.8
31.1
31.4

31.4
30.9
31.3

31.4
30.6
31.2

31.2
30.6
30.9

Year-ago data
Week ended 4 w k s . ended
Aug. 5 I Aug. 5

M a r g i n a l R e s e r v e Measures & 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-month 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/
R e s e r v e A g g r e g a t e s ($ b i l . . SA)

1,010
-822

-

6.93
7,41
6.43
7.95
8.36
6.93

1,327
-1,138
7.14
7.84
6.42
8.01
8.58
6.93

4/

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

Week ended
J u l y 28
J u l y 21

4 weeks ended
J u l y 28
June 30

28.1
27.1
27.9

28.1
26.8
28.0

Week ended 4 wks . ended
J u l y 29
J u l y 29

Monetary A g g r e g a t e s ($ b i l . . SA)
T o t a l member bank d e p o s i t s
i
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 5/
Money s u p p l y ( c u r r e n c y & demand d e p o s i t components)
Time d e p o s i t s , a l l commercial b a n k s ,
U . S . Government demand d e p o s i t s , member banks

344.5
348.6
227.1
257.5
4.1

343 . 3
347.7
227.7
256.8
3.9

343.6
347.8
227.7
256.7
3.4

341.0
345 .5
225.4
254.5
3.8

299.3
318.9
210.0
210.2
5.6

295.7
315.6
210.6
208.1
4.2

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 .
1/ 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 major 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 . o f 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 .
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 commerial 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 commercial
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 J u l y 28 b a n k - r e l a t e d
p a p e r amounted t o $4,810 m i l l i o n .
commercial

I