Full text of H.9 Weekly Summary of Reserves and Interest Rates : July 22, 1971

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R E S E R V E
2y/H.9
R e v . 6/70) \ ..

»5.£:fX

statistical

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

Week ended
July 21

4

July 14

•n

release
For immediate release
July 22, 1971

weeks

ended

J
Year-ago data
Week ended 4 wks . ended
1 July 22
July 22

July 21

June 23

883
-654
5.21
5.48
5.30
5.64
6.53
6.38

455
-250
4.86
5.17
4.63
5.32
7. 30 .
" 6.35 '

Marginal Reserve Measures & Interest Rates (NSA)
Member bank borrowings ($ mil.)
Free or net borrowed ( - ) reserves ($ mil.)
Federal funds rate
Dealer loan rate 1/
3-month Treasury bill rate
3-month CD rate (secondary market) 2/
3-month Euro-dollar rate
U.S.. Government bond rate
3/
Reserve Aggregates ($ bil.. SA)

1122
-793
5,46
5.68
5.47
5.77 '
6.31
6.34

933
-952
5.13
5.38
5.35
5.68
6.41
6.33

1,338
-1,148
7.33
8.15
6.49
8.06
8.95
7.00

4/

Total reserves
Nonborrowed reserves
Required reserves

31.6
30.4
31.1

30.9
30.0
31.0

Week ended
July 7
July 14
Monetary Aggregates

1,386
-1,201
7.16
8,04
6:38
• 8.06
8.65
6.94

31.2
- 30.3
• 31.0

31.3
30.9
31.1

4 weeks ended
June 16
July 14

28.3
26.9
28.1

28.0
26.7
27.9

Week ended 4 wks.ended
July 15
July 15

($ bil., SA)

Total member bank deposits
Total member bajik deposits plus nondeposit items 5/
Money supply (currency & demand deposit components)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

343.3
347.4
227.3
256.7
2.9

343.1
' 347.3
228.5
256.1
.'2-15

341.7
346.0
226.7
255.8
2.8

341.5
345.7
225.4
253.4
4.2

294.3
314.2
210.9
207.4
3.9

292.5
312.8
210.2
204.8
4.7

NSA - Not seasonally adjusted.
1/ Unweighted average rates on loans posted by major New York City banks.
2/ Average of range of offering rates on negotiable certificates of deposit with 3-month maturity in secondary market.
3/
4/
5/

1
Daily average yield on 20-year bonds.
Includes required reserves against Euro-dollar borrowings and bank-related commercial paper.
Sometimes referred to as the "adjusted credit proxy".
Includes member bank deposits, bank-related commercial
paper, Euro-dollar borrowings of U. S. banks, and certain other riondeposit sources. On July 14 bank-related
FRASER
commercial^ paper amounted to $ 1,701 million.

Digitized for