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S T A T I S T I C A L

R E L E A S E

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

1/76)

For Immediate Release
July 15, 1976

percent Change (Seasonally Adjusted Annual RfH-ps)_
Reserve Aggregates 17

»1v 16

I

Total reserves
Nonborrowed reserves
Required reserves
Reserves Available to Support Pvt. Nonbank Deposits

34.09
33.91
34.04
31:93

4 Wks . ended
| .Tillv 7
July 14
I June 16~
($ Bil., SA)
34.86
34.73
34.20
32.53

34.49
34.33
34.24
32.13.

34.15
• 34.02
33.89
31.97

Week ended
Monetary Aekrc^ates

, -

(Currency plus demand deposits)
Mg (Mj plus time deposits at commercial banks
other than large titne CD's")
Adjusted credit proxy -2/..
Time deposits, all commercial banks
Government demand deposits, member banks

July 7

4 Wks. ended
I .Tun# ^0 I July 7 '
($ Bil., SA)

304.3

301.7

705.1
522.6
472.4

701.2
522.7

2.2
Week ended

; Other Reserve Measures 6r Interest Rate

Inly 14

July 7

.

Average of % Weeks Ended .T„lv 14 - 1976 from U Week Averages
13 weeks.previous
| 26 weeks previous- | 52 weeks previous
ta6.i
4.8
5.6
4.1

0.8

:

: 0.8
1.0 "
-0.1

Average of 4 Weeks Ended ,Tl,lv 7. 1Q7fi
13 weeks previous
| 26 weeks previous

-0.3
0.4
-0.5
-0.8
from 4 Week Averages
1 52 weeks previous

302.9
701.8
698.8
523.1
517.3
470.2
463.7
3.5
3.2
4 Wks. ended
July 14

June 16

Member bank borrowings ($ mil.)
Includes seaeonal( borrowings of:
Federal funds.jrate
j
3-month Treasury bill rate
90-119 day dealer placed commercial pa]
3-month CD rate (secondary market) 4/
• 90r-day CD rate (primary offering) 5/
3-month' Euro-dollar rate
U.S. Government bond rate 6/
h5A--Not Seasonally Adjusted.

V

"
SA--Seasonally \djusted .j
Includes required reserves against Euro-dollar borrowings and bank-related commercial paper. ' Reserves Available to Support Private Nonbank Deposits
are requ red reserves for private demand deposits, total time and savings deposits, nondeposit sources subject to reserve requirements arid excess
reserves. Reserve aggregates reflect changes in Regulation D. Per cent annual rates o£„ .growth for required^reserves and other reserve aggregates
have.been adjusted to remove tlie effect of these structural changes.
Includes member bank deposits, loa^is sold to bank-related institutions, Euro-dollar borrowings of U . S . banks, and certain nondeposit items.
On July 7, 1976
bank-related commercial paper amounted to $7939 million.
Average of range of offering rates of negotiable certificates of deposit" tiith three month maturity in secondary market.
osted rates - the annual interest rates most often qi >r.vd' on new offerings'of negotiable certificates of deposit
in denominations of $100,000 or

J>/ Yield at 20-year constant maturity. Source: U.S. Treasury.

NOTE. All percentage changes are at seasonally adjusted annual rates,


not compounded'.