Full text of H.9 Weekly Summary of Reserves and Interest Rates : May 25, 1972

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( H.9

F E D E R A L

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statistical

R E S E R V E
;

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
i
Required r e s e r v e s
Reserves
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

Monetary A g g r e g a t e s
M^ ( C u r r e n c y p l u s demand d e p o s i t s )
M2 (M^ p l u s time d e p o s i t s a t commercial b a n k s )
o t h e r t h a n l a r g e t i m e CD's)
A d j u s t e d c r e d i t proxy 2/
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
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 . )
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
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 /
3-month E u r o - d o l l a r r a t e
U . S . Government bond r a t e 5 /

For Immediate Rele&se

WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of d a i l y f i g u r e s )
1
Week ended
4 Wks . ended
May 24 | May T T
May 24 1 A p r i l 26
($ B i l . , SA)
32.84
32.77
32.64
29.90

33.04
33.00
32 .83
29.98

32 .77
32.70
32.59
29.92

32.66
32.54
32.46
29.81

Week ended
4 Wks . ended
May 17 1 May 10
May 17 1 A p r i l 19
($ B i l . , SA)
236.7

234.5

484. 6
487 .5
381.5
378. 9
286.9
286. 1
6.9
7. 0
Week elided
May 24 1 May 17
63
86
4.24
3.81
4.40
4.40
4.78
6.02

235.3
485.0
379.1
285.5
7.1
4 Wks.
May 24 1
(NSA)

39
166
4..32
3,.68
4,.48
4,. 4 1
4,.88
6 .10

76
104"
4.24
3.66
4.47
4.44
4.90
6.10

' % •

release

May 25, 1972

Percent Change ( S e a s o n a l l y Adjust-p.ri Annual Rafe.s)_
Average of 4 Weeks Ended
May 24, 1972
13 weeks p r e v i o u s
| 26 weeks p r e v i o u s
14.5
13.9
14.4
10.3

from 4 Week Averages
1 52 weeks p r e v i o u s "

12.1
14.0
12.2
8.8

Average of 4 Weeks Ended
May 17, 1972
13 weeks p r e v i o u s
| 26 weeks p r e v i o u s

8.1
8.5
8.3
7 .2
|

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

234.5

9.0

6.7

5.5

481.9
375.0
281.5
7.3

10.2
14.3
11.5

11.0
12.5
15.6

9.0
10.5
14.2

A p r i l 26
119
56
4.15
3.73
4.54
4.56
5.32
6.16

NSA--Not S e a s o n a l l y A d j u s t e d .
SA--Seasonally Adjusted.
_1 / 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 . R e s e r v e s A v a i l a b l e t o Support. P r i v a t e Ndnbank D e p o s i t s a r e
r e q u i r e d r e s e r v e s f o r p r i v a t e demand d e p o s i t s , t o t a l t i m e and s a v i n g s d e p o s i t s , n o n d e p o s i t s o u r c e s s u b j e c t t o r e s e r v e r e q u i r e m e n t s , and e x c e s s r e s e r v e s .
2/
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 c o m m e r c i a l 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 i t e m s .
3 / On
May 17
b a n k - r e l a t e d commercial p a p e r amounted t o $ 2 , 1 0 6 m i l l i o n .
4 / Average of r a n g e 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 m a r k e t .
5J 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 . S o u r c e : 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.