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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