Full text of H.9 Weekly Summary of Reserves and Interest Rates : February 4, 1971

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' jlfe..f-gp E R A L
H.9
T
(Rev. eX/O)

RESERVE * ' ' , L „ .

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

Week ended
V '

Feb. 3

Jan. 27

For immediate release
February 4, 1971

4 weeks ended
Feb. 3

V-

r e l e a s e

Jan. 6

Year-ago data
Week ended 4 wks . ended
Feb. 4
I Feb. 4

Marginal Reserve Measures & Interest Rates (NSA^
Member bank borrowing's ($ 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) 2/
, 3-month Euro-dollar rate
U.S. Government bond rate 3/
Reserve Aggregates ($ bil.. SA^
Total reserves
Nonborrowed reserves
Required reserves

283
-1
4.09
4.62
4.13
4.73
5.81
6.08

354
-59
4.23
4.76
4.19
4.84
5.59
6.05

30.3
29.9
30.0

30.2
29.7
29.9

346
-170
4.18
4.77
4.32
5.02
5.84
6.14

350
-23
4.64
5.40
4.84
5.62
7.04
< 6.32

1, 258
Hi,047
9.21
9.64
7.77
8.82
9.49
6.92

1,029
-878
9.13
9.65
7.84
8.88
9.82
6.92

4/

.

Week ended
Jan. 27
Jan. ?n

30.2
29.8
30.1

30.1
29.8
29.8

4 weeks ended
Jan. 27
Dec. 30

28.0
26.6
27.7

28.0
26.9
27.8

Week ended 4 wks . ended
JaP't 2$
Jan. 28
,

Moritetary 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

325.3
335.4
214.6
236.5
8.1

323.5
334.0
215.0
235.7
6.0

323.5
333.8
215.1
235.0
6.2

319.5
331.1
214.4
230.6
6. 6

284.0
304.4
204.3
192.7
6.8

285.0
305.0
205.3
193.4
5.2

NBA - Not seasonally adjusted.
SA - Seasonally adjusted.
1/ Unweighted average rates on loans posted by major New York City banks.
2/ 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
paper, Euro-dollar borrowings of U.S. banks, and certain other nondeposit sources. On January 27 bank-related

commercial paper amounted to $2,027 million,

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