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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