Full text of H.9 Weekly Summary of Reserves and Interest Rates : May 7, 1971

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FEDERAL
H .9
(Rev. 6/70)

RESERVE

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

W e e k ended
• 1
Mav 5

/

Marginal Reserve Measures & Interest Rates

($ bil. „ SA)

May 7, 1971

4 weeks ended

April 28

Mav 5

April 7

|

Year-ago data
Week ended 4 wks . ended
Mav 6

175
202
4.41
4.87
3.92
4.82
6.41
6.18

177
-95
4.14
4.66
3.88
4.72
6.03
6.12

147
54
4.26
4.73
3.91
4.53
6.09
6.07

269
-23
3.91
4.39
3.48
3.86
5.26
5.83

30.9
30.9
31.0

30.9
30.8
30.8

30.8
30.5
30.5

774
-424
8.46
9.08
6.94
7.73
8.60
7.14

914
-733
8.28
8.98
6. 64
7.42
8.36
6.97

4/

T o t a l reserves
Nonborrowed reserves
Required reserves

31.4
31.3
31.1

Week ,
ended
April 28 April 21
Monetary Aggregates

For immediate release

(NSA)

Member bank borrowings ($ m i l . )
Free or net borrowed ( - ) reserves ($ m i l . )
Federal funds rate
Dealer loan rate 1J
3-month Treasury bill rate
3-month CD rate (secondary market) 2/
3-month Euro-dollar rate.
U . S . Government bond rate 3/
Reserve Aggregates

ipi

r e-! e a s e

s t a t i s t i c a l

4 weeks ended
April 28
March 31

28.5
27.7
28.1

28.4
27.5
28.2

W e e k ended 4 w k s . e n d e d
April 29
April 29

($ bil., SA)

Total member bank deposits
Total member bank deposits plus nondeposit items 5/
Money supply (currency & demand deposit components)
Time deposits, all commercial banks
U.S. Government demand deposits, member banks

335.6
340.2
219.6
249.0
5.4

337.9
342.7
220.3
247.9
7.8

336.8
341.9
221.4
248.2
5.5

333.1
340.1
219.4
246.4
4.6

288.4
308.0
206.7
199.5
4.4

290.2
309.6
208.3
198.6
5.4

NSA - Not seasonally adjusted.
SA - Seasonally adjusted .
1/ Unweighted average rates on loans posted by major New York City banks.
2/ Average of range of offering rates on negotiable certificates of deposit with 3-month maturity in second airy market.
3/ Daily average yield on 20-year bonds.
4/
Includes required reserves against Euro-dollar borrowings and bank-related commercial paper.
J/
referred to as the "adjusted credit proxy".
Includes member bank deposits, bank-related commercial
Digitized Sometimes
for FRASER
paper, Euro-dollar borrowings of U.S. banks, and certain other nondeposit sources.
On April 28 bank-related

http://fraser.stlouisfed.org/
commercial paper amounted
Federal Reserve Bank of St. Louis

to $1,794 million.