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FEDERAL
H. 9
(Rev. 6 / 7 0 )

RESERVE

statistical

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of d a i l y f i g u r e s )
Week ended
Jan.

13

release
For immediate r e l e a s e
J a n u a r y 14 1971

4 weeks ended

Jan. 6

J a n . 13

Dec. 16

407
196
3.82
5.02
4.87.
5.64
6 .44
6.40

319
- 37
4.44
5.24
4.80
5.57
6.68
6.34

395
-208
5.16
5.77
4.95
5.73
7.25
6.28

30.6
30.1
30.0

30.1
' 29.8
29.9

|!
Year-ago data
Week ended 4 wks . ended
J a n . 14
J a n . 14

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 3/
R e s e r v e A g g r e g a t e s ($ b i l . ,

SA)

275
-357
4.27
5.01
4.68
5.45
6.14
6.28

979
-691
8.83
9.48
7.91
8.8/'
10.68
6.95

4/
29.7
29.5
30.0

Total reserves
Nonborrowed r e s e r v e s
Required r e s e r v e s

Week ended
Dec. 30
Jan. 6
Monetary A g g r e g a t e s ($ b i l . , SA)

*

8&5,
-788
8.96
9.57
7.88
8.93
10.34
6.89

29.7
29.2
29.4

4 weeks ended
Jan. 6
Dec. 9

28.0
27.1
27.9

28.0
27.0
27.8

Week ended 4 wks . ended
Jan. 7
Jan. 7

—

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 5 /
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

322.8
333.1
215.2
233.4
5.3

320.6
331.8
214.8
232 .1
6.0

'

320.5
331.7
214.7
231.7
6.1

316.1
328.4
214.1
226.7
6.2

286.2
305.3
205.3
194.3
4.0

285.6
305.4
203.9
194.6
4.4

SA - S e a s o n a l l y a d j u s t e d .
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 i n 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 for pFRASER
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 . banks 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 J a n u a r y 6 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 amounted t o $2,229 m i l l i o n .
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis