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FEDERAL RESERVE 160. -"T^lrbsv: H^9- _ r " " " (Rev. ^6/70) WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES ( A v e r a g e s of d a i l y f i g u r e s ) Week e n d e d Feb. Marginal Reserve Measures & I n t e r e s t Rates ($ b i l . . SA^ Total reserves Nonborrowed r e s e r v e s Required reserves Feb. 4 weeks ended 10 ($ b i l . . 17 Jan. 248 -65 3.59 4.20 3.83 4.55 5.78 362 -102 4.01 4.59 3.94 4.64 5.65 6.08 357 -81 4.26 5.03 4.68 5.44 6.34 6.31 30.6 : 30.0 30.4 30.3 30.1 30.1 30.4 29.9 30.1 30.2 29.9 30.0 6.08 Year-ago data Week e n d e d 4 wks . e n d e d F e b . 18 F e b . 18 1,110 -861 9.39 9.78 6.83 8.48 9.31 6.57 1,117 -922 9.21 9.62 7.46 8.72 9.45 6.79 4/ „ 4 weeks ended F e b . 10 J a n . 11 SAV T o t a l member b a n k d e p o s i t s " 1 ; T o t a l member b a n k 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 5/ Money s u p p l y ( c u r r e n c y & demand d e p o s i t c o m p o n e n t s ) Time d e p o s i t s , a l l C o m m e r c i a l b a n k s U . S . G o v e r n m e n t demand d e p o s i t s , member banjos NSA - Not s e a s o n a l l y a d j u s t e d . 20 564 -285 4.14 4.79 3.62 4.42 5.40 6.11 Week e n d e d F e b , 10 Feb. Monetary Aggregates Feb. (NSA1 Member b a n k b o r r o w i n g s ($ m i l . ) F r e e o r n e t b o r r o w e d ( - ) r e s e r v e s ($ m i l . ) Federal- funds r a t e Dealer loan r a t e 1/ 3-month Treasury b i l l r a t e 3 - m o n t h 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/ Reserve Aggregates 17 For immediate r e l e a s e F e b r u a r y 18, 1971 328.0 337.1 216.1 239.6 7.1 326.7 335.5 214.8 237.6 8.2 325.9 335.5 214.9 237.5 7.4 321. 332. 214. 232. 6. 27.7 26.5 27.5 27.8 26.6 27.6 Week e n d e d 4 wks . e n d e d F e b . 11 Feb. n 282.7 303.2 204.0 193.1 6.4 283.6 304.1 204.5 192.9 6.1 SA Seasonally adjusted. U n w e i g h t e d 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 . 1/ II A v e r a g e 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 o f d e p o s i t w i t h 3 - m o n t h m a t u r i t y i n s e c o n d 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 . If 4/ 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 c o n m e r c i a l p a p e r . 5/ 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 b a n k d e p o s i t s , b a n k - r e l a t e d c o m m e r c i a l p a 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 F e b r u a r y 10 b a n k - r e l a t e d Digitized forcFRASER o m m e r c i a l p a p e r amounted t o $ 1 , 9 4 4 million. t