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FEDERAL H.9 (Rev. 6 / 7 0 ) . RESERVE s t a t i s t i c a l r e l e a s e WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES ( A v e r a g e s of d a i l y f i g u r e s ) Week ended For i m m e d i a t e r e l e a s May 4 weeks ended May 19 May. 12 308 -193 4.55 4.98 4.26 4.91 7.05 6.45 98 144 4.59 5.01 3.85 4.83 7 .36 6.28 189 6 4.42 4.88 3.98 4.82 6.71 6.26 172 64 4.12 4.59 3.76 4.10 5.71 5.91 31.2 30.9 31.0 30.9 30.8 30.7 31.2 31.0 30.9 30.7 30.6 30.5 May 19 A p r i l 21 20, 1971 Year-ago data Week ended 4 wks . ended May 20 May 20 M a r g i n a l R e s e r v e Measures & I n t e r e s t R a t e s (NSA) Member bank b o r r o w i n g s ($ m i l . ) F r e e or n e t borrowed ( - ) r e s e r v e s ($ m i l . ) Federal funds r a t e Dealer loan rate 1/ 3-month T r e a s u r y b i l l 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 ) 2 / 3-month E u r o - d o l l a r r a t e U . S . Government bond r a t e 3/ Reserve Aggregates ($ b i l . . SA) 914 -738 8.17 8.91 6 .79 7 .82 8.62 7 .11 4/ Total reserves Nonborrowed r e s e r v e s Required r e s e r v e s Week ended May 12 May 5 Monetary A g g r e g a t e s '($ b i l . . 1,179 -965 7.84 8.63 6.72 8.13 8.81 7.12 4 weeks ended May 12 A p r i l 14 28.0 26.8 27.7 28.1 27 .2 27 .9 Week ended 4 wks . ended May 13 May 13 SA) T o t a l member bank d e p o s i t s T o t a l member bank d e p o s i t s p l u s n o n d e p o s i t i t e m s 57 Money s u p p l y ( c u r r e n c y & demand d e p o s i t c o m p o n e n t s ) Time d e p o s i t s , a l l c o m m e r c i a l banks U . S . Government demand d e p o s i t s , member banks 339.4 343.6 223.3 250.6 5.1 337.1 341.6 220.8 249.9 4.7 337.4 341.9 220.9 249.3 5.8 334.9 341.0 221.6 247 .7 3.7 287.8 307 .9 208.8 199.8 2.3 28%.0 308.7 207 .7 199.5 4.1 NSA - Not s e a s o n a l l y a d j u s t e d . SA - S e a s o n a l l y a d j u s t e d . JL/ Unweighted a v e r a g e r a t e s on l o a n s p o s t e d by major New York C i t y banks . 2 / A v e r a g e of range of o f f e r i n g r a t e s on 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 3-month m a t u r i t y i n s e c o n d a r y market. 3/ D a i l y a v e r a g e y i e l d on 2 0 - y e a r b o n d s . 4 / I n c l u d e s r e q u i r e d r e s e r v e s a g a i n s t E u r o - d o l l a r b o r r o w i n g s and b a n k - r e l a t e d commercial p a p e r . 5 / for Sometimes Digitized FRASERr e f e r r e d t o as t h e " a d j u s t e d c r e d i t p r o x y " . I n c l u d e s member bank d e p o s i t s , b a n k - r e l a t e d commercial p a p e r , 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 , and c e r t a i n o t h e r n o n d e p o s i t s o u r c e s . On May 12 b a n k - r e l a t e d http://fraser.stlouisfed.org/ c o m m e r c i a l paper amounted t o $ 1 , 7 4 1 m i l l i o n . Federal Reserve Bank of St. Louis