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A -^j— • o OfGOVi F E D E R A L R E S E R V E statistical release •f H.9 (Rev. 1/76) W E E K L Y SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) Reserve Aggregates—^ W e e k ended j 4 Wks . ended July 6 | June 8 ! June 29j July 6 ($ Bil., SA) Levels Total reserves Nonborrowed reserves Required reserves 35.77 35.51 35.22 M^ (Currency plus demand deposits) M_ (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 322.4 Member bank borrowings ($ mil.) Includes seasonal borrowings of: Federal funds rate 1/ 34.60 34.37 34.39 322.3 321.8 320.9 772.7 773.7 774.2 768.3 555.6 552.7 545.8 551.9 516.8 515.5 514.9 509.9 4.0 2.4 4.6 2.1 4 Wks. ended W e e k ended July 6 ] June 29 July 6 [ June 8 (NSA ) Other Reserve Measures & Interest Rates NSA--Not Seasonally Adjusted 35.16 34.89 34.89 3/ 265 58 5.35 5.06 5.38 5.40 5.25 5.76 7.58 334 68 5,43 4.97 5.39 5.40 5.30 5.80 7.59 273 56 5.40 5.02 5.40 5.41 5.30 5.76 7.62 SA--Seasonally July 7, 1977 Percent Change 1 W e e k ended 4 Wks . ended June 29 I June 221 J u n e 29 | June 1 ($ Bil., SA) Monetary Aggregates 3-month Treasury bill rate 90-119 day dealer placed commercial paper rate 3-month CD rate (secondary market) 47 90-day CD rate (primary offering) 57 3-month Euro-dollar rate U.S. Government bond rate 6/ 35.18 34.85 35.01 For Immediate Release (Seasonally Adjusted Annual Rates)- Average of 4 Weeks Ended July 6» 1977 from 4 W e e k Averages 52 weeks previous 13 weeks previous j 26 v e e k s previous 8.7 7.0 8.1 3.0 1.7 3.5 3.5 3.1 3.8 Average of 4 Weeks Ended J u n e 29* 1977 from 4 W e e k Averages 13 weeks previous | 26 weeks previous | 52 w e e k s previous 8.2 6.1 6.2 8*8 7.7 9.5 8.8 10.7 5.2 9.7 10.6 6*0 223 39 5.37 5.04 5.45 5.47 5.35 5.92 7.71 Xd j us ted. Includes required reserves against Euro-dollar borrowings and bank-related commercial paper. 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. 2/ Includes member b a n k deposits, loans sold to bank-related institutions, Euro-dollar borrowings of U.S. banks, and certain nondeposit items. 3/ On June 29, 1977 bank-related commercial paper amounted t o $ 8 5 2 3 million. 4/ Average of range of offering rates of negotiable certificates of deposit w i t h three m o n t h maturity in secondary m a r k e t . 5/ Posted rates = the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or m o r e . 67 Yield at 20-year constant m a t u r i t y . Source: U.S. Treasury. NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.
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