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; • • W W W FEDERAL RESERVE statistical WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of daily figures) *772) Z] Week ended 4 Wks. ended Mar. <20 1 Mar. 1: Mar. 20 I Feb". 20 ($ Bil., SA) Reserve Aggregates My Total reserves i Nonborrowed reserves Required reserves Reserves Available to Support Pvt. Nonbank Deposits 35.19 34.80 33.82 33.71 34.68 35.15 32.95 33.19 Week ended •n Monetary Aggregates M^ (Currency plus demand deposits) M„ (M. plus time deposits at commercial banks other than large time CD's) Adjusted credit proxy 2/ Time deposits, all commercial banks U.S. Government demand deposits, member banks Member bank borrowings ($ mil.) Includes seasonal b o r r o w i n g s of: Federal funds rate 3-month Treasury bill rate 90-119 day dealer placed commercial fa per rate jV 3-month CD rate (secondary market) 5/ 3-month Euro-dollar rate U.S. Government bond rate 6/ NSA--No't seasonally adjusted. - ' ' 275.9 583.7 456.5 375.8 3-.0 594.7. 458.1 374.8 4.2 ended 2 0 1 Mar. 1484 34 9.33 7.93 8.58 8.64 9.19 7.74 34.87 33.72 34.76 33.04 35.32 34.13 35.12 32.76 4 W k s , ended I Mar. 6 1 Mar. 13 I Feb. ($ Bil. , SA) 274.7 Mar. Other Reserve Measures & Interest Rates 1/ r e l e a s e j 274.4 For Immediate Release March 21, 1974 Percent Chance (Seasonally Adjnst-PH Annual 4.0 7.1 5.1 8.4 13 = Average of 4 Weeks Ended Mar. 20. 1974 from 4 Week Averages 13 weeks previous | 26 weeks previous I 52 weeks previous 4.3 6.9 8.7 7.2 9.0 Average of 4 Weeks Ended Mar. 13. 1974 "from 4 Week Averages 13 weeiks previous | 26 weeks previous | 52 weeks previous 10.1 4.9 3.9 270.,0 , 576. 0 583.0 454.,6 455.8 375.0 372.,6 3.0 4.,7 | 4 Wks. ended 90l Feb. 20 13 (NSA) 984 19 9.03 7.81 8.33 8.47 8.79 7.62 SA--Seasonally, adjusted. 1158 118.7 22 18 9.04 9.15 7.64 7.27 8.24 „ 8.20 8.37 8.30 8.83 8.66 7.62 7.45 * , Includes required reserves against Euro-dollar borrowings and bank-related c o m m e r c i a l paper. Reserves Available to Support Private Nonbank D e p o s i t s are required reserves for private demand d e p o s i t s , total time and -savings d e p o s i t s , nondeposit sources .subject to r e s e r v e requirements and excess reserves. R e s e r v e aggregates reflect changes in Regulation D . Per cent a n n u a l rates of growth for required reserves and other reserve aggregates h a v e b e e n adjusted to remove the effect of these structural changes. 2/ Adjusted to include certain r e s e r v e deficiencies on w h i c h penalties can be waived for a transition period in c o n n e c t i o n with b a n k adaptation to R e g u l a t i o n J as amended e f f e c t i v e November 9, 1972. T h e adjustment amounted to $450 m i l l i o n from November 9 to D e c e m b e r 27 1972* $279 m i l l i o n from D e c e m b e r 28, 1972 to M a r c h 28, 1973; $172 m i l l i o n from M a r c h 29, 1973 to June 27, .1973; $112 million from J u n e 28, 1973 to September 26 1973$84 m i l l i o n from September 27, 1973 to December 26, 1973; and $67 m i l l i o n thereafter. ' ' 3/ Includes m e m b e r b a n k d e p o s i t s , bank-related commercial paper, Euro-dollar b o r r o w i n g s of U.S. banks, and c e r t a i n n o n d e p o s i t items. 4/ On Mar. 13,1974 bank-related c o m m e r c i a l paper amounted to $ 5 , 9 7 2 m i l l i o n . 5/ Average of range of offering nktes of negotiable certificates of deposit w i t h ( t h r e e m o n t h m a t u r i t y in secondary m a r k e t . 6/ D a i l y a v e r a g e yield on 20-year b o n d s . Source: U.S. T r e a s u r y . NOTE: All p e r c e n t a g e changes are at seasonally adjusted annual rates, not c o m p o u n d e d . ' " .
@FedFRASER