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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.