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-31o-

FEDERAL

RESERVE

statistical

release

WEEKLY SUMMARY OF RANKING AND CREDIT tCASURES
\
(Averages of d a i l y f i g u r e s )

For Tmmediate R e l e a s e
March 2 5 , 1976

Percent Change ( S e a s o n a l l y Ariinst-PH Annual Rat-Psl
Mar. 24.

R e s e r v e A g g r e g a t e s 1/
Total reserves
.Nonborrowed r e s e r v e s
Required r e s e r v e s
*
_
R e s e r v e s A v a i l a b l e t o S u p p o r t P v t . Nonbank D e p o s i t s

^33.90
33.82
33.75
32.02

4 Wks. ended
1 Mar. 17 1 Mar. 24 | F e b . 25
($ B i l .
SA)
34.00
33.90
34.06
33.94
33.86
33.98
33.77
33.65
33.84
31.66
31.80
31.85

Week ended
Mar. 17

Monetary A g g r e g a t e s

298, .7

M^ ( C u r r e n c y p l u s demand d e p o s i t s )
Mg (M1 p l u s time d e p o s i t s a t c o m m e r c i a l banks
o t h e r t h a n l a r g e time C D ' s )
A d j u s t e d c r e d i t p r o x y 2/
Time d e p o s i t s , a l l c o m m e r c i a l b a n k s

681,.4
681.5
679.4
516, .5
515.5
515.8
515.3
455.8
455, .7
454.8
455.7
2.9
2,.7
2.4
2.7 .
Week ended
Mar. 24 I Mar. 17
Mar. 24 I F e b . 25
5
(NSA )

Other Reserve Measures & I n t e r e s t Rates
Member bank b o r r o w i n g s ($ m i l . )
Includes seasonal borrowings o f :
Federal funds r a t e '
3-month T r e a s u r y b i l l r a t e
90-119 day d e a l e r , p l a c e d commercial p a p e r r a t e
3-month CD r a t e ( s e c o n d a r y m a r k e t ) 4 /
90-day CD r a t e ( p r i m a r y o f f e r i n g ) _5/
3-month E u r o - d o l l a r r a t e
U.S. Government bond r a t e 6 /
MSA--Not S e a s o n a l l y Ad j

s

ted •

4 Wks. ended
1 Mar. 10 I Mar. 17
| F e b . 18
($ B i l . , SA)
297.6
299.2

3/

77
8
4, .79
4, . 9 1
5,.30
5,.27
5,.13
5,. 5 1
P 7,.93

41
8
4.,77
- 4.,97
5.,33
5,,38
5.
5,M
\
7,.98

62
8
4 . ,84
5..02
5,.27
5,.35
5 .23
5,.60
P 7..99
.

"

Average of 4 Weeks Ended Mar. 2 4 . 1976 from 4 Week Averages
13 weeks p r e v i o u s
| 26 weeks p r e v i o u s
I 52 weeks p r e v i o u s
-6.6
-6.3
-6.5
-5.7

-2.1
-0.5
-2.6
-2-1

Average of 4 Weeks Ended Mar
13 weeks previous^ I - 26 weeks p r e v i o u s

-1.0
-0.9
-1.1
-1.6
|

rom 4 Week Averages
52 weeks p r e v i o u s

2,3
10.0
0.5
4.7

8.2
4.1
8.7

9.2
3.3
6.3

78
11
4.,76
4..86
5.,12
5.,155,.07
5,.48
8,.04

S A - - S e a s o n a l l y \d j u s t e d .

1/
^ e s e r v e s . R e s e r v e a g g r e g a t e s r e f l e c t c h a n g e s i n R e g u l a t i o n D. P e r c e n t a n n u a l r a t e s of growth f o r r e q u i r e d r e s e r v e s and o t h e r r e s e r v e a g g r e g a t e s
have b e e n a d j u s t e d t o remove t h e e f f e c t of t h e s e s t r u c t u r a l c h a n g e s .
"
_ =, i
I n c l u d e s member bank d e p o s i t s , l o a n s s o l d t o b a n k ^ r e l a t e d i n s t i t u t i o n s , E u r o - d o l l a r b o r r o w i n g s of U . S . . b a n k s , jtod c e r t a i n n o n d e p o s i t i t e m s .
On March 17, 1976
b a n k - r e l a t e d commercial p a p e r amounted t o $ 8 , 3 0 8 m i l l i o n .
\
M
'
Average of r a n g e of o f f e r i n g r a t e s of n e g o t i a b l e c e r t i f i c a t e s of d e p o s i t w i t h t h r e e month m a t u r i t y i n s e c o n d a r y m a r k e t .
s.
P o s t e d r a t e s = .the a n n u a l i n t e r e s t r a t e s most o f t e n q u o t e d on new o f f e r i n g s of n e g o t i a b l e c e r t i f i c a t e s of d e p o s i t i n d e n o m i n a t i o n s of $ 1 0 0 , 0 0 0 o r
JS/ Y i e l d a t 2 0 - y e a r c o n s t a n t m a t u r i t y .
Source: U.S. T r e a s u r y .

NOTE: A l l p e r c e n t a g e c h a n g e s a r e a t s e a s o n a l l y a d j u s t e d a n n u a l r a t e s ,


n o t compounded.