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s t a t i s t i c a l

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1ARY OF
l
WEEKLY'SUMMARX
BANKING AND CREDIT MEASURES
(Averages of d a i l y f i g u r e s )

ReV? 4 / 7 2 )

Tor Immediate R e l e a s e
January 16, 1975

Percent Change—(Seasonally Adjusted Annua 1 RahAm)
R e s e r v e A g g r e g a t e s 1/

'

~

Total reserves
Nonborrowed r e s e r v e s
Required r e s e r v e s
- R e s e r v e s A v a i l a b l e t o Support P v t . Nonbank D e p o s i t s

Monetary A g g r e g a t e s

Jan. 15
37.12
36.51
37.15
34.28

4 Wks . ended
1 "Jan. 8"
Jan. 15 |
Dec. T8"
($ B i l . v SA)
36.68
36.37
36.50
34.38

281.5

283.6

o t h e r t h a n l a r g e time CD's)
A d j u s t e d c r e d i t proxy U
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

613.7
495.4
425.7
0.0

614.0
494.5
423.5
0.0

Member bank b o r r o w i n g s ($ m i l . )
Includes s e a s o n a l borrowings o f :
Federajl f u n d s r a t e
3-month T r e a s u r y b i l l r a t e
90-119 day d e a l e r p l a c e d commercial pa
3-month CD r a t e ( s e c o n d a r y m a r k e t ) 3/
3-month E u r o - d o l l a r r a t e
" U . S . Government bond r a t e 5 /
NSA--Not S e a s o n a l l y A d j u s t e d .
i/

36.92
•35.91
36.75
34.74

Week ended
4 Wks . ended
Jan. l| Jan. 8
I Dec. TT~
($ B i l . , SA)

M,

Other R e s e r v e M e a s u r e s & I n t e r e s t R a t e s

37.00
36.46
36.70
34.56

Jan. 151 Jan. 8

13
7.22
6,63'
7.73
7.81
8.66
p7.78

19
7.70
6.68
8.43
8.57
9.73
7.90

„

282.8

284.2

613.8
613.9
494.7
493.1
416.0
423.1
0.8
4.4
4 Wks. ended
Jan, 15 1 Dec. 18

21
7.68
6.83
8.69
8.74
9.65
p7.87

Average of 4 Weeks Ended J a n . 15-, 1975 from 4 Week Averages
13 weeks p r e v i o u s
I 26 weeks p r e v i o u s
| 52 weeks p r e v i o u s "
5.4
30.4
4.6
1.6

5.0
19.9
4.4
4.4

Average of 4 Weeks Ended J a n . 8 , 19/b
13 weeks p r e v i o u s
| 26 weeks p r e v i o u s
. 3.1
6.4
5.1
13.8

7.4
8.5
from 4 Week Averages
| 52 weeks previous""
4.2

5.3
5.0
11.4

7.0*
.9.8
15.4

1005
45
9.02
7.32
9.07
9.25
10.38
7.91

- S e a s o n a l l y \d j u s t e d .

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 .
R e s e r v e s A v a i l a b l e ' t o ' s u p p o r f P r i v a t e Nonbank D e p o s i t s a r e
r e q u i r e d r e s e r v e s f o r ( 1 ) p r i v a t e demand d e p o s i t s , (2) t o t a l time and s a v i n g s d e p o s i t s , and (3) n o n d e p o s i t s o u r c e s of f u n d s , p l u s e x c e s s r e s e r v e s
R e s e r v e a g g r e g a t e s r e f l e c t changes i n R e g u l a t i o n D. Per c e n t a n n u a l r a t e s of growth f o r r e q u i r e d r e s e r v e s and o t h e r r e s e r v e a g g r e g a t e s h a v e been a d l u s t e d
t o , r e m o v e t h e e f f e e t of . t h e s e s t r u c t u a l c h a n g e s .
B e g i n n i n g December 12, 1974, r e s e r v e a g g r e g a t e s were reduced by a b o u t $710 m i l l i o n RPD by $650 m i l l i o n
I n c l u d e s member bank d e p o s i t s , l o a n s s o l d t o b a n k - r e l a t e d i n s t i t u t i o n s , 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 n o n d e p o s i t i t e m s
On J a n . 8 , 1975
b a n k - r e l a t e d commercial p a p e r amounted t o 8 , 6 3 8
million?
Average of r a n g e of o f f e r i n g r a t e s of n e g o t i a b l e c e r t i f i c a t e s o t d e p o s i t with t h r e e month m a t u r i t y i n s e c o n d a r y 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 bonds.
S o u r c e : U. S. T r e a s u r y .
NOTE: A l l p e r c e n t a g e changes a r e a t s e a s o n a l l y a d j u s t e d a n n u a l r a t e s , n o t compounded.