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FEDERAL

RESERVE

S t o

tl s

i c a

I

r e l e a s e

93^-'

H.9
(Rev. 1/76)

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

Reserve Aggregates^

Week ended
4 Wks. ended
Feb 9
Feb 2
Feb 9
| Jan 12
($ Bil., SA)

Levels

34.48
34.40
34.22

Total reserves
Nonborrowed reserves
Required reserves

M. (Currency plus demand deposits)
M_ (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

N5A--Not Seasonally Adjusted
V

34.72
34.63
34.54

34.88
34.84
34.55

3/

Average of 4 Weeks Ended
Feb 9, 1977
13 weeks previous | 26 weeks previous

7.3
7.5
7.3

4.7
5.0
4.7

Average of 4 Weeks Ended
Feb 2, 1977
13 weeks previous
| 26 weeks previous

from 4 Week Averages
I 52 weeks previous

3.1
3.1
3.2
from 4 Week Averages
| 52 weeks previous

312.7

3.9

5.0

6.0

744.8
744.5
745.4
741.3
540.4
539.7
540.8
540.5
496.1
496.1
495.8
492.9
2.8
1.7
2.8
3.0
Week ended
4 Wks. ended
Feb 9
Feb 2
Feb 9
Jan 12
(NSA)

10.3
8.4
14.5

11.0

11.0

6.3
11.0

5.2
9.0

311.7

Other Reserve Measures & Interest Rates

February 10, 1977

Percent Change ^Seasonally Adjtisi-pH Anm.al

Week ended
4 Wks . ended
Feb 2
Feb 2 I Jan Zi
Jan 5
($ Bil., SA)

Monetary Aggregates

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/

34.63
34.54
34.45

For Immediate Release

75
12
4.66
4.64
4.78
4.83
4.75
5.06
7.60

311.5

87
11
4.60
4.74
4.80
4.90
4.75
5.24
7.64

312.9

90
11
4.66
4.67
4.77
4.87
4.75
5.18
7.58

43
10
4.58
4.40
4.66
4.68
4.55
5.04
7.30

SA--Seasonally \djusted .

Per
Includes required reserves against Euro-dollar borrowings and bank-related commercial paper. Reserve aggregates reflect changes in Regulation D
cent annual rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these structural changes
Includes member bank deposits, loans sold to bank-related institutions, Euro-dollar borrowings of U.S. banks, and certain nondeposit items
On February 2, 1977
bank-related commercial paper amounted to $7424million.
Average of range of offering rates of negotiable certificates of deposit with three month maturity in secondary market.
Posted rates - the annual interest rates most often quoted on new 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.

%