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'obfcow.-.

FEDERAL

RESERVE

tistic

(Rev. 1/76)

W e e k ended
4 W k s . ended
Dec 29
Jan 26
Jan 19
Jan 26
($ Bil., SA)

Reserve A g g r e g a t e d

34.92
34.83
34.65

Total reserves
Nonborrowed reserves
Required reserves

34.72
34.61
34.83

4 Wks . ended
W e e k ended
Dec 22
Jan 12 I J a n 19
($ Bil. , SA)

313.5

M. (Currency plus demand d e p o s i t s )
ML (M, plus time deposits at commercial banks
other than large time C D ' s )
Adjusted credit proxy 2/
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

314.8

746.6
745.6
542.1
541.2
495.8
495.4
3.5
3.3
W e e k ended
Jan 26 1 Jan 19

Other Reserve Measures & Interest Rates
Member bank borrowings ($ m i l . )
Includes seasonal borrowings of:
Federal funds rate

1/

34.99
34.94
34.74

34.79
34.73
34.51

Jan 19

Monetary A g g r e g a t e s

3/

90
9
4.72
4.68
4.75
4.90
4.75
5.18
7.55

(Seasonally Adjusted Annual

Raffifi)-

A v e r a g e of 4 Weeks Ended January 26,1977 from 4 W e e k Averages
52 weeks previous
13 weeks previous
| 26 weeks previous

10.4
10.6
9.3

5.8
6.2
5.4

3.2
3.2
3.0

A v e r a g e of 4 Weeks Ended January 19, 1977 from 4 W e e k Averages
13 weeks previous
| 26 weeks previous
| 52 weeks previous

311.2

6.9

6.2

6.3

738.0
744.4
538.8
541.3
490.1
494.9
2.7
3.9
4 Wks. ended

12.1

11.6

10.9
15.4

6.7
10.6

11.4
5.2
9.1

3H.9

Jan 26
(NSA)

109
10
4.65
4.62
4.75
4.86
4.75
C5.23
7.52

J a n u a r y 27, 1977

Percent Change

Levels

USA--Not Seasonally Adjusted

For Immediate Release

W E E K L Y SUMMARY OF BANKING A N D CREDIT tCASURES
(Averages of daily figures)

H.9

3-month Treasury bill rate
90-119 day dealer placed commercial paper rate
3-month CD rate (secondary m a r k e t ) 4/
90-day CD rate (primary offering)
5/
3-month Euro-dollar rate
U.S. Government bond rate 6/

r e l e a s e

63
9
4.60
4.57
4.70
4.80
4.68
5.12
7.43

SA—Seasonally

1

Dec 29
53
13
4.66
4.34
4.66
4.66
4.55
5.00
7.31

\djusted .

Includes required reserves against Euro-dollar borrowings and bank-related commercial paper. R e s e r v e aggregates reflect changes in R e g u l a t i o n D . Per
cent annual rates of growth tor required reserves and other reserve aggregates have been adjusted to remove the effect of these s t r u c t u r a l changes.
If
Includes m e m b e r b a n k deposits, loans sold to bank-related institutions, Euro-dollar borrowings of U.S. banks, and certain nondeposit items.
3/ On January 19, 1977
bank-related commercial paper amounted to $7596million.
47 Average of range of offering rates of negotiable certificates of deposit w i t h three m o n t h m a t u r i t y in secondary m a r k e t .
5/ Posted rates • the annual interest rates most often quoted on n e w offerings of negotiable certificates of deposit in denominations of $ 1 0 0 , 0 0 0 or m o r e .
6/ Yield at 20-year constant m a t u r i t y . Source: U.S. Treasury.
NOTE:
A l l percentage changes a r e at seasonally adjusted annual rates, not compounded.