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,

F

E

D

E

R

A

L

R

H.9
(RevTl/76)

E

R

V

E

s t a

4 Wks. ended
AURUBt 4 I July 2fl Angi^t- 4 I July 7
($ B i U , SA)

Total reserves
Nonborrowed reserves
Required reserves
Reserves Available to Support Pvt. Nonbank Deposits

35.06
34.90
3ft. 59
32.64

34.10
33.94
34.10,
31.98 1

Week ended
July 28
I July :

Monetary Aggregates
(Currency plus demand deposits)
(M. plus time deposits at commercial banks
other than large time CD's)
Adjusted credit proxy 2/
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

304.8

Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
' Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper rate
3-month CD rate (secondary market) 4/
90-day CD rate (primary offering) 5/
3-month Euro-dollar rate
U.S. Government bond rate _6/

1/

S

t is t i c a

I

r e l e a s e

MEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of daily figures)

Reserve Aggregates 1/

M S A — N o t Seasonally Adjusted.

E

!

.3/

34.55
34.42
34.19
32.22

4 Wks . ended

304.9

707.5
700.8
524.2
522.6
472.5
468.6
2.7
4.0
4 Wks. ended

Allglinf 4 I .Tilly

Ayg„«f Al .T,.1y 7

156
22
5.36

159
27
5.28

*8
5.30

5.15

5.19
5.40
5.43
5.30
5.76

5.19
5.47
5.46
5.34
5.74

8.01

8.02

8.00

Average of 4 Weeks Ended August 4, 1976 from 4 WecV Averages,
13 weeks previous
| 26 weeks previous
52 weeks previous

2.2
1.2

0.7
0.3

2.2

1.1
0.6

2.6

0.2
0.5

0.2
-0.2

Average of 4 Weeks Elided July 2S, 1976
from 4 Week Averages
13 weeks previous
| 26 weeks previous" | 52 weeks previous

303.0

709.2
709.0
524.4 " 526.5
472.6
472.6
3.0
3.5
Week ended

ife
5.30
5.70
:

306.0

34.40
34.26
34.21
32.20

Fbr Immediate Release

126

23
5.48
5.37
5.80
5.79
5.63
6.09

8.01

SA - -Seasons 1 ly Ad jus ted.

Includes required reserves against Euro-dollar borrowings and bank-related commercial paper. Reserves Available to Support Private Nonbank Deposits
are required reserves for private demand deposits, total time and savings deposits, nondeposit sources subject to reserve requirements and excess
reserves < Reserve aggregates reflect changes in Regulation D. Per cent annual rates of growth for required reserves and other reserve aggregates
have been adjusted to remove the effect of these structural changes.
•
1 / Includes member bank deposits, lo^ns sold to bank-related institutions, Euro-dollar borrowings of U . S . banks, and certain nondeposit items.
3/ On July 28, 1976
bank-related commercial paper amounted to $7,591 million.
4/ Average of range of offering rates of negotiable certificates of deposit with three month maturity in secondary market.
5J Posted rates - the annual interest rates most often quoted on neV offerings of negotiable certificates of deposit in denominations of $100,000 or
. more.
„ ' ! • ' • •
_6/ Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE:, All percentage changes are at seasonally adjusted annual rates, not compounded.