Full text of H.9 Weekly Summary of Reserves and Interest Rates : December 31, 1970

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H. 9
(Rev. 6/70)

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r e l e a s e

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

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Dec. 30

Dec. 23

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For immediate release
December 31, 1970.

.4 weeks ended

Week ended

95-

Deci, 30

Dec.

!
2

Year-asto data
Week ended 4 wks . ended
Dec. 31
Dec. 31
j- •

Marginal Reserve Measures & Interest Rates (NSA)
Member bank borrowings ($ mil.)®
Free or net borrowed ( - ) reserves ($ mil.)
Federal funds rate
Dealer loan rate 1/
3-month Treasury bill rate
3-month CD rate (secondary market) 2J
3-month Euro-dollar rate
U.S. Government bond rate 3/
Reserve Aggregates ($ bil., SA)

270
68
4.82
5.39
4.87
5.59
6.95
6.42

324
-66
4.84
5.53
4.79
5.59
7.19
6.28

30.0
30.0
29.0

30.1
29.7
29.8

321
-113
4.91
5.55
4.86
5.63
7.26
6.27

417
-182
" 5.54
6.12
5.22
6.08
7.19
6.53 '

1,104
" -576
8.71
9.41
8.00
8.81
10.69
7.04

1,111
-814
8.95
9.58
7.87
8.71
11.11
6.92

4/

Total reserves
Nonborrowed reserves
Required reserves

Week ended
Dec. 23
Dec. 16

29.9
29.6
29.7

'

29.5
,29.1
29.3

4 weeks ended
Dec. 23
Nov. 25

27.9
27.1
27.7

.

27.9
26.8
27.7

Week ended 4wks.ended
Dec. 24
Dec. 24

Monetary Aggregates ($ bil., SA)
Total member bank deposits
Total member bank deposits plus nondeposit items 5 /
Money supply (currency & demand deposit components)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks
NSA
1/
2/
3/
4/
5/

319.5
331.3
213.6
231.5
7.7

318.6
329.8
215.3
229.7
5.8

318.3
330.1
214.4
229.3
6.4

313.6
326.5
213.4
224.5
6.2

284.3
304.5
202.7
194.7
5.0

285.7
305.8
203.3
194.5
5.4

- Not seasonally adjusted.
SA - Seasonally adjusted.
Unweighted average rates on loans posted by major New York City banks.
Average of range of offering rates on negotiable certificates of deposit with 3-month maturity in second market.
Daily average yield on 20-year bonds.
Includes required reserves against Euro-dollar borrowings and bank-related commercial paper.
Sometimes referred to as the "adjusted credit proxy". Includes member bank deposits, bank-related commercial
Digitized paper,
for FRASER
Euro-dollar borrowings of U.S. banks, and certain- other nondeposit sources. On December 23 bank-related
cnnmercial paper amounted to $2,471 million.
v
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

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