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'J'j
F
E
D
E
R
A
RESERVE
L
H .9
(Rev. 4/72)
statistical
r e l e a s e
WEEKLY SUMt^ARY OF BANKING AND CREDIT MEASURES
(Averages of daily figures)
For Immediate Release
June. 20 , 1974
Percent Chance (Seasonally Adjusted Annual RafPrn")
Week ended
4 Wks . ended
J imp. ] 9l M a y llL
—L9—I.Tnne 1?
($ Bil. SA)
36.59
36.50
36.95
36. 14
33. 34
34.38
33.73
33.41
36. 32
36.42
36.7 2
,
36.00
34.64
34.20
34.97
34 .47
Reserve Aggregates 1/2/
Total reserves
Nonborrowed reserves
Required reserves
Reserves Available to Support Pvt. Nonbank Deposits
Monetary Aggre gates
(Currency plus demand deposits)
Mg (M. plus time deposits at commercial banks
other than large time CD's)
Adjusted credit proxy 3/
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/
N^A—Not Seasonally Adjusted.
1/
Week ended
4 Wks . ended
June 12 |June 5 {June 12
| May 15
(
($ Bil., SA) 7
—
280.9
281.1
597.4
596.9
482.5
482.0
398.. 8
397.7
4.7
3.7
Week ended
June 19 | June
280.2
18.9
-4.7
18.5
19 . 7
11.7
1. 2
11 . 9
14 . 3
4 Week Average 1
52 weeks previous
10.0
6.6
10 . 1'
11.2
Average of 4 Weeks EndeAJune 12 , 1974 from 4 Week Averages
| 52 weeks previous
13 weeks previous | 26 weeks previous
278.2
595.2
591.1
480.4
474.7
39 7.2
301.7
3.7
4.3
4 Wks. ended
ine 19 [May" T2T
(NSA)
223
2729
142
136
11..85
11.,60
8, 19
.
8. 11
,
11 ,
.23
10., 85
11.. 39
10..9J
11,.90
11.. 50
8 .09
8,
.05
Average of 4 Weeks Ended June 19 , 1974
13 weeks previous | 26 weeks previous I
2210
3153
91
131
11.,61
11,.22
8.
,04
8,
.40
.80
10,.88
10 .
11..12
11,.20
11 . 60
11..75
8. 10
.
8 .16
7.0
21.6
22.9
9.2
14.6
20.2
8.9
11.1
15.3
WMmm
SA--Seasonally \djusted.
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 time 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 ad lusted
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 y, 1972. The adjustment amounted to $450 million from November 9 to December 27, 1972- $279 million
from December 28 1972 to torch 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; and $58 million thereafter.
Includes member bank deposits, bank-related commercial paper, Euro-dollar borrowings of U.S. banks, and Certain nondeposit items.
On June 12, 1974
bank-related commercial paper amounted to $7,013 (million.
/
Average of range of "offering rates of negotiable certificates or deposit with three month maturity in secondary market.
Daily average yield on 20-year bonds. Source: U.S. Treasury.
E: All percentage changes are at seasonally adjusted annual rates, not compounded.
@FedFRASER