Full text of H.9 Weekly Summary of Reserves and Interest Rates : June 25, 1970

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FEDERAL
H. 9
(Rev. 6/70)

K!

RESERVE

s t a t i s t i c a l

r e l e a s e

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

Week ended

For immediate release
June 25, 1970.

4 weeks ended

June 24

June 24

May 2 7

907
-748
7.71
8.29
6.76
8.08
9.47
7.38

924
-765
7,98
8.67
6.84
7.98
8.82
7.21

Year-ago data
Jeek ended 4 wks. ended
June 25
June 25

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 3/
U.S. Government bond rate 3/

887
-823
7 .21
7.97
6 .64
8.13
9.59
7.32

658
-382
7.80
8.48
6.73
8.09
9.60
7.44

1,323
-1,132
8.34
9.13
6.48
8.23
11.11
6.27

1,355
-1,078
8.80
9.46
6 .45
7.91
11.08
6.30

Reserve Aggregates ($ bil., SA) 4/
Total reserves
Nonborrowed reserves
Required reserves

27 .6
26.8
27.7

28.0
27.4
27 .7

Week ended
June 17
June 10

27 .0
27 .7

27.9
27.7
27.0

4 weeks ended
June 17
May 20

27.8
26.6
27 .7

28.1
26.7
27.8

Week ended 4 wks . ended
June 18 .
June 18

Monetary Aggregates ($ bil., SA)
Total member bank deposits
'
Total member bank deposits plus nondeposit items5_/
Money supply (currency & demand deposit components)
Time deppsits, all commercial banks
U.S. Government demand deposits, member" banks
NSA
\J
2/
2/
4/
5/

290.3
311.0
203.8
200.6
5.1

289.8.
310.6
203.4
200.5
4.1

290.1
310.8
203.8
200.3
4.1

288.6
308.6
203.6
199.2
3.0

293.1
308.4
198.2
200.9
4.3

293.9
307.4
198.7
201.4
4.6

- Not seasonally adjusted.
SA - Seasonally adjusted.
-Unweighted average rates on loans posted by major ,New York City banks.
Average of range of offering rates on negotiable certificates of deposit with 3-month maturity in secondary market.
Daily average yield on 20-year bonds.
«,
Includes increases in required reserves due to changes in Regulations M and D, effective October 16, 1969.
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 nondeposit sources. On June 17 bank-related commercial
for FRASER
paper amounted to $7,260 million.

Digitized