Full text of H.9 Weekly Summary of Reserves and Interest Rates : July 18, 1974

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F E D E R A L

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R E S E R V E

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2 9 2

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

(Rev. 4/72)

For Immediate Release
July 18, 1974

V

Percent Change (Seasonally Adjusted Annual pth-^qI
Week ended
4 Wks.
July 17
| July 10 July 17
($ Bil., SA)
37.95
37.09
37.32 ^
Total reserves
.
34.77
34.45
• Nonborrowed reserves
34.31
37.85
36.85
Required reserves
37.13
35.22
34.96
Reserves Available to Support Pvt. Nonbank Deposits
35.01

Reserve Aggregates 1/2/

Monetary Aggregates
Mj (Currency plus demand deposits)
(M1 plus time deposits at commercial banks
other than large time CD's)
Adjusted credit proxy J3/
Time deposits, all commercial banks
U.S. Government demand deposits, member banks
Other Reserve Measures & Interest Rates

°

Member bank borrowings ($ mil.)'
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate .
90-119 day dealer placed commercial paper rate 4/
3-month CD rate (secondary market) 5/
3-month Euro-dollar rate
U.S. Government bond rate 6/

t

NSA--Not

Seasonally Adjusted

July 10

280.8

ended
| June 19
36.51
33.36
36.32
34.66

4 Wks. ended
"1 July 3 | July 10
|June 12~
($ Bil., SA)
282.1
281.2
280.2,|

599.2
599.3
485.5
487.9
402.9
402.2
3.3
3.1
Week ended

598.6
484.8
401.7
3.3

595.1
480.3
397.1
3.7
.4 Wks. ended

(NSA )
3176
2642
3010
152
137
137
13,.04
13,.34
12..98
7,.51
7,.58
7..51
12,.25
12,.09
11..94
12,. 66
12,.30
12..16
. 14,.01
13,.80
13..48
8,.32
8,.28
8..23

Average of 4 Weeks Ended July 17, 1974
13 weeks previous | 26 weeks previous
22.8
6.2
23. r
20.9

9.7
-2.0
10.6
13.2

Average
10, 1974
v — of
— 4 Weeks Ended July
"13 weeks previous ] 26 we<^ previous

from 4 Week Averages
| 52 weeks previous
9.8
6.9
10.4
10.4
from 4m Week
wecK Averages
| 52 weeks previo"uT"

6.5

7.1

5.6

7.7
18.3
21.8 |

8.7
14.6
19.7

8.7
11.2
15.7

3153
131
11.,61
8.,04
10.,80
11..12
11..75
8..10

SA--Seasonally Adjusted

Includes required reserves against Euro-dollar borrowings and bank-related commercial paper.
Reserves Available to Support
Private Nonbank Deposits are required reserves for private demand deposits, total timt>.__and savings deposits * nondeposit sources
subject to reserve requirements and excess reserves.
Reserve aggregates reflect changes in Regulation D.
Per cent annual
rates of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of these
structural changes.
.
Adjusted to include certain reserve deficiencies on which penalties can be waived for a transition period in connection with
bank .adaptation^, to Regulation J as amended effective November 9 , 1972.
The adjustment amounted to $450 million from
November 9 to December 27 , 1972 ; $279 million from December 28 , 1972 to March 28 , 1973 ; $172 million from March 29 to June 27,
1973; $112 million from June 28 to September 26, 1973; $84 million
from September 27 to December 26, 1973; $67 million
from December 27 , 1973 to March 27 , 1974 ; $58 million from March 28 , 1974 to June 26 , 1974 ; at. which time the transition period
expires.
Includes member bank deposits,bank-related commercial paper", Euro-dollar borrowings of U.S. banks , and certain nondeposit items.
July 10,1974
bank-related commercial paper amounted to $ 7,020
million.
Digitized forOnFRASER
Average of range of offering rates of negotiable certificates of deposit with three month maturity in secondary market.
http://fraser.stlouisfed.org/
Daily average yield on 20-year bonds.
Source:
U.S. Treasury.
1/
—
"
m m m .
^jates^no^coapoundedv
FederalNOTE
Reserve
Bank of St. Louis

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