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7 \ WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of d a i l y f i g u r e s ) Week ended Dec. 23 For immediate r e l e a s e December 2 8 , 1970. 4 weeks ended Dec. 16 Dec. 23 399 -300 5.07 5.65 4.82 5.64 7.58 6.19 367 -139 5.08 5.71 4.90 5,64 7.35 6.26 29.8 29.3 29.7 29:8 29.4 29.6 Nov. 25 Year-ago data Week ended 4 wks . ended Dec. 24 Dec. 24 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 - J3/ ' R e s e r v e A g g r e g a t e s ($ b i l . , SA) 324 -66 4.84 5.53 4.79 5.59 7.19 6.28 30.0 29.7 29.8 Week ended Dec. 16 Dec. 1,133 -919 9.00 9.66 7.75 8.68 11.14 6.87 29.4 29.0| 29.2 4 weeks eijded Dec. 16 Nov. 18 27.8 26.7 27.6 27.9 26.7 27.7 Week ended 4 wks . endec Dec. 17 Dec. 17 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 J5/ 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 banks U . S . Government demand d e p o s i t s , member banks NSA 1/ 2/ 3/ 4/ 5/ 1,096 -832 9.18 9.62 7.83 8.66 11.35 6.95 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 . , 409 -199 5.68 6.24 5.39 6.31 7.25 6.65 318.6 329.8 215.3 229.7 5.8 318.5 330.6 214.2 228.8 " 7.0 317.3 329.0 214.4 227.9 6.1 312.6 326.7 213.9 224.9 5.8 285.5 305.4 203.1 194.5 5.2 286.0 306.1 203.5 194.4 5.5 - 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 T " 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 . 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 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 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 commercial 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 Digitized forp aFRASER 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 December 16 b a n k - r e l a t e d • commercial p a p e r amounted t o $ 2 , 5 7 2 m i l l i o n . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis