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•'.-77-

r e l e a s e

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

For Immediate Releasi
May 13, 1976

Percent Chan fee (Scasfoally Adjusted Annn;i1 R.no.O
• c

,, .

Week ended
4 Wks . ended
May 12
I May 5
May 12
1 April 14
($ Bil., SA)

Reserve AKRrenates 1/
. Total reserves
Nonborroved reserves
Required reserves
,
Reserves Available (to Support Pvt. Nonbank Deposits

33.66
33.61
33,73
31.64

34.81
34.78
34.33
32.42

34.18
34.13
34.00
32.00

M^ (Currency plus demand deposits)
%2 (Mj 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

Other Reserve Measu

. & Interest Rates

Member bank borrowings ($ mil.)
Includes seasonal borrowings of: .
Federal .funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper rate
3-month CD rate (secondary market) 4/
90-day CD rate (primary offering) 5/
3-month Euro-dollar rate
U.S. Government bond rate 6/
N $ A - - N o t Seasonally Adjusted.
1/ \ Includes required res.

303.1

4 Wks . ended
I April 28 May 5
1 April 7
L 1 -, SA)
. ($ B,
302.3

692.4
691.2
515.8
515.2
458.4
4.58.5
1.7
1.9
Week ended
May 12
May 5

9
5,.02
5..04
5..25
5..31
5,.25
5..63
8,.12

11
5..03
.88
5..13
. 5..20
5..13
5..50
7..98

303.1

298.7

691.4
517.1
458.7

683.2
516.3
457.6

Wks. ended
[May 12 |April 14

10
4.,94
4..88
5..10
5..17 "
5. 09
5.,46
7..95

May 12
26 week

Average
f 4 Week
1.1 weeks prev

May 5
lb weeks

1976 from 4 Week Average

33.97
33.92
33.76
31.80

Week ended
May 5

Monetary Aggregates

13 weeks previous

10
4..78
4..90
5..18
5.,19
.00
.44
7..88

4 Week Averages
52 weeks

I
P
I
lap*

SA--Seasonally \d justed.

against Euro-dollar borrowings and bank-related commercial paper. / Reserves Available to Support Private Nonbank Deposits
private demand deposits, total time and savings deposits, nondeposAt sources subject to reserve requirements and excess
reserves. Reserve aggregates reflect changes in Regulation D. Per cent annual rates of growth for required•reserves and other reserve aggregates
have been adjusted to remove the effect of these structural changes.
A
Includes member bank deposits, loans sold to bank-related institutions, Euro-dollar borrowings of U.S. banks, and certain nondeposit items.
On May,5, 1976
bank-related commercial paper amounted to $ 7,662 million.
Average of range of offering rates of negotiable certificates of deposit with three month maturity in secondary market.
osted rates = the annual interest rates most often quoted on new offerings of negotiable certificates of deposit in denominations of $100,000 or

_6/ Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE^ All percentage changes are at seasonally adjusted annual rates, not compounded.