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F E D E R A L
R E S E R
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s t a t i s t i c a l
r e l e a s e
W
4/72)
CORRECTED COPY
For Immediate Release
December, 20, 1974
WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of dally f i g u r e s )
»
Percent Change ("Seasonally Aiijini-^'Annual
Reserve Aggregates 1/
Total r e s e r v e s
Nonborrowed r e s e r v e s
Required r e s e r v e s
Reserves Available t o Support Pvt. Nonbank Deposits
Monetary Aggregates
M. (Currency pltis demand d e p o s i t s )
M_ (M. plus time d e p o s i t s a t commercial banks
other than l a r g e time CD's)
Adjusted c r e d i t proxy 2J
t •
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
Other Reserve Measures & I n t e r e s t Rates
Member bank borrowings ($ m i l . )
Includes s e a s o n a l borrowings o f :
Federal funds r a t e
3-month Treasury b i l l r a t e
90-119 day d e a l e r placed commercial paper r a t e HJ
3-month CD r a t e (secondary market)
3-month E u r o - d o l l a r r a t e
U.S. Government bond r a t e 2.'
Dec. 18
36. 83
36.01
36. 66
34.60
Dec. 11
284.4
4 Wks. ended
1 Dec. 11
Dec. 18 INov. 20
($ B i l . SA)
36.56
37.01
36.81
35.51
35.92
36.00
36.76
35.73
36. 62
34. 88
34.40
34.84
Average of 4 Weeks Ended Dec. 18, 1974
13 weeks previous 1 26 weeks previous
4 Wks . ended
1 Dec. 4 1 Dec. IT 1 Nov. ]
($ B:11., SA)
286.0
284.3
282.1
Average of 4 Weeks Ended Dec. 11, 1974
13 weeks previous | 26 weeks previous
613.8
614.9
493.5
493.7
417.7
415.5
3.6
•3.5
Week ended
18 I Dec. "TI
30
8.72
7.08.
9.*13
9. 17
10. 21
7.83
613.7
609.9
492.9
489.2
415.8
413.7
. 4.0
4.4
4 Wks. ended
Dec. 18| Nov. 20
(NSA)
100V
34
4a
79
8. 86
9.02
9.52
7.32
7.,28
7.62
9. 00
9.07
8.95
9.,03
9.25
9.03
10.,21
10.38
10.03
7.91
7..88
8.08
4.4
32.7
3.5
0.8
6.4
19.9
from 4 Week Averages
1 52 weeks previous
9.1
10.6
9.0
9.5
from 4 Week Averages
52 weeks previous
5.1
4.2
5. 1
7.1
3.4
9.5
6.8
6.0
7.8
10.1
14.9
10.5
mm mmwmmsm
NSA - -Not Seasonally Adjusted.
"™
"*™"
'
SA--Seasonally \d j u s t e d .
1/ Includes r e q u i r e d reserves against Euro-dollar borrowings and b a n k - r e l a t e d commercial paper. Reserves Available t o Support P r i v a t e Nonbank Deposits are
required r e s e r v e s f o r (1) p r i v a t e demand d e p o s i t s , (2) t o t a l time and savings d e p o s i t s , and (3) nondeposit sources of ftmds; plus excess r e s e r v e s .
Reserves aggregates r e f l e c t changes in Regulation D. Per cent annual r a t e s of growth f o r required r e s e r v e s and o t h e r r e s e r v e aggregates have been adjusted^
t o remove the e f f e c t of tltese s t r u c t u a l changes. Beginning December 12, 1974, r e s e r v e aggregates were reduced by about $710 m i l l i o n , RPD by $650 m i l l i o n .
2/ Includes member bank deposits* loans sold t o b a p k - r e l a t e d i n s t i t u t i o n s , E u r o - d o l l a r borrowings of U. S. banks, and c e r t a i n nondeposit items.
3/ On December 11, 1974bank-related commercial paper amounted t o $8,829 m i l l i o n ,
4/ Average of range of o f f e r i n g r a t e s of negotiable c e r t i f i c a t e s of d e p o s i t with t h r e e month maturity in secondary market.
5/ Daily average y i e l d on 20-year bonds. Sourc^: U. S. T r e a s u r y .
NOTE: All percentage changes are a t seasonally a d j u s t e d annual r a t e s , not compounded.
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