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FEDERAL

H .9
(Rev. 1/76)

RESERVE

June 23, 1977

Total reserves
Nonborrowed reserves
Required reserves

34.99
34.72
34.90

34.71
34.49
34.44

34.74
34.51
34.54

34.78
34.58
34.60

Week ended
|
4 Wks. ended
June 15 | June 8 | June 15 | May 18
($ Bil., SA)

Monetary Aggregates
Mj (Currency plus demand deposits)(REVISED SERIES)
Mg (M1 plus time deposits at commercial banks
other than large time CD's) (REVISED SERIES)
Adjusted credit proxy 2/
Time deposits, all commercial banks (REVISED SERIES)
U.S. Government demand deposits, member banks

320.8

321.5

321.1

320.9

770.9
552.2
513.9
4.8

771.6
551.0
513.4
4.4

770.3
549.3
512.3
3.5

766.5
544.9
507.3
2.3

June 22 |

(Seasonally A d j n s f e d

Annual

Rates)-

Average of 4 Weeks Ended June 22, 1977 from 4 Week Averages
52 weeks previous
13 weeks previous | 26 weeks previous

6.4
4.9

6.0

1.8
0.7

2.1

Average of 4 Weeks Ended June 15, 1977
13 weeks previous | 26 weeks previous

3.3
3.0
3.3
from 4 Week Averages
] 52 weeks previous

8.1

6.9

5.8

8.9

9.3
4.7
9.8

10.5
5.9

May 25

June 22 I June 15

Other Reserve Measures & Interest Rates

v

Percent Change

Week ended
4 Wks. ended
June 22 1 June 15 June 22 1 May 25
($ Bil,, SA)

Reserve Aggregates-^

N5A--Not Seasonally Adjusted

release

For Immediate Release

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

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

statistical

6.1

8.8

10.6

(NSA)

3/

271
51
5.43
5.02
5.40
5.43
5.30
5.80
7.64

223
47
5.37
5.04
5.44
5.42
5.35
5.68
7.68
SA--Seasonally Xdjusted .

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 bank deposits, loans sold to bank-related institutions, Euro-dollar borrowings of U.S. banks, and certain nondeposit items.
37 On
June 15, 1977
bank-related commercial paper amounted tC$7965 million.
4/ Average of range of offering rates of negotiable certificates of deposit with three month maturity in secondary market.
5/ Posted rates * the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or more.
6/ Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE:
All percentage changes are at seasonally adjusted annual rates, not compounded.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102