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FEDERAL

RESERVE

s t a t i s t !

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, *4L Rtf;. •
W E E K L Y SUMMARY OF BANKING A N D CREDJT MEASURES
(Averages of daily figures)

1/76)

For Immediate Release
M a r c h 18, 1976
nt Change

Reserve AKp,reuatos

1/

'

'

Total reserves
Nonborrowed reserves
Required reserves
Reserves A v a i l a b l e to Support Pvt. Nonbank Deposits

M^
M2

(Currency plus demand d e p o s i t s )
(M 1 plus time deposits at commercial banks./other than large time C D ' s )
Adjusted credit proxy 2/
i
Time deposits, .all commercial banks
U.S. Government demand deposits, memKer banjks

Other Rese^gb Measures & Interest Rates
Member bank borrowings ($ mil-.)-.
Includes seasonal borrowings of:
funds rale

3-month' Treasury bill rate
90-119 day dealer placed commercial paper
3-month CD rate (secondary market) 4/
90-4ay CD rate (primary offering), 5/
3-montS"Euro-dollar rate
U.S. Government bond rate 6/
RSA--Not Seasonally A d j u s t e d .
1/

Include

have been adjusted

10. Mar.~T7

I Feb.

18

($ M l • , SA)
33.90
33.86

3 3.85
33.80

33.97 '
33.89

33.65
31.79

33.74
31-55

33.80
31.72

Mar.

Monetary A g g r e g a t e s

Federal

W e e k ended
17
| MnT

10

4 Wks . ended
|Mar. 3
($ Bil ., SA)
296.6

297.4

681.3
515.6
455.7
2.9

677.7
514.3
455.4
2.2

678.5
672.8
515.6
514.9
455.7
454.0
2.7
2.6
4 Wks. ended

41
8
4.77
4.97
5.33
5.38
5.25
5.58
7.98

I Mar. 10

Average of 4 Weeks Ended
13 weeks previous

M a r c h 17, 1
eks previous

previous

34.13
34.08
33.85
31.93

299.1

Mar. 17

fSeasnn.il I

Weeks Ended Mar. 10
13 weeks - previous
26 weeks previous

4 W e e k Averages
52 w e e k S previous

295.9

Mar. 17 ! Feb. 18

47
80
'
8
9.
4.86
4.85
5.08
5.01
5.25
5.23
5.41
5.32
5.25
t. 5.23
5.64 > ^ .5.62
8.02
8.01
SA--Seasnna1Iv

55
10
4.76
4.83
5.09
5.11
5.01
5,45
8.05

\d j us ted .

„
Regulation
to remove the effect of these structural changes.

n n C l M l ^ h m e i n b E ^ Q7 A"1" d * p o f i t s ' loans sold to bank-related institutions, Euro-dollar borrowings of U . S . banks, and certai
On
March 10, 1976
^bank-related commercial paper amounted to $ 8 , 2 7 0 million.

nondeposit

items.

offering races of negotiable certificates of deposit with three m o n t h m a t u r i t y in secondary m a r k e t .
Posted rates = the annual interest rates most often quoted on n e w offerings of negotiable certificates of deposit
in d e n o m i n a t i o n s of $ 1 0 0 , 0 0 0 or

6/ FRASER
Yield at 20-year constant
Digitized for
NOTE:
All percentage changes


maturity.
Source:
U.S. Treasury.
are at seasonally adjusted annual rates, : Dt compounded.