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It F E D E R H.9 (Revj 4 / 7 2 ) A L R E S E R V statistical E release WEEKLY SUMMARY OF BANKING AND CREDIT ICASURES (Averages of daily figures) For Immediate Release May Percent Change W e e k ended Reserve Aggregates J./2/.. 4 Wks . ended 36.38 36.74 36.35 34.58 36.58 34.47 36.11 33.65 34.99 34.17 34.26 34.02 33.17 W e e k ended (Currency plus demand deposits) (M 1 plus time deposits at commercial banks other than large time C D ' s ) Adjusted credit proxy 3/ Time deposits, all commercial banks U.S. Government demand deposits, member banks 275.3 276.4 276.7 274.9 588.1 I May May 8 (NSA) 82 11.29 8.78 10.98 11.24 11.43 8.18 11.17 .65 10.65 10.99 11.45 8.17 I Apr 1882 64 10.90 8.38 10.37 10.68 10.92 9.41 8.07 •X*X*XvX*X*Xs SA—Seasonally Adjusted. aggregates have been adjusted to. r e m o v e the e f f e c t to i n c l u d e c e r t a i n r e s e r v e d e f i c i e n c i e s 3 1 11.1 471.7 460.6 387.3 378.0 4.6 4 Wks. ended 2157 74 N S A — N o t Seasonally Adjusted. Adjusted of these structural changes. on which penalties can be waived for a t r a n s i t i o n p e r i o d to f n ^ e f f e c t i v e N o v e m b e r 9, 1972. T h e a d j u s t m e n t a m o u n t e d to $ 4 5 0 m i l l i o n f r o m N o v e m b e r 9 to D e c e m b e r 2 7 , 1 9 7 2 ; $ 2 7 9 m i l l i o n 1 9 7 2 to M a r c h 28, 1973; $ 1 7 2 m i l l i o n from M a r c h 2 9 , 1973 to J u n e 2 7 , 1973; $ 1 1 2 m i l l i o n f r o m J u n e 28, 1 9 7 3 t o S e p t e m b e r 2 6 , 1973; o, ?_ " from 7/ ±/ w 1 O n M a y 1, c»7^r ,a n , e p o s its, 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 1 9 7 4 , 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 a m o u n t e d to $ 6 , 8 4 2 m i l l i o n . c/ b/ in c o n n e c t i o n w i t h b a n k a d a p t a t i o n a t n ftfl n » T V oo Afl, D m e m b e r 28, ran from 4 W e e k Averages 52 weeks previous 584.3 1617 3-month Treasury bill rate 90-119 day dealer placed commercial paper rate 4/ 3-month CD rate (secondary market) j>/ 3-month Euro-dollar rate U.S. Government bond rate 6/ Average of 4 Weeks Ended M a y 1 13 weeks previous | 26 weeks previous I Apr. 3 587.5 588.0 473.7 472.0 389.9 388.5 4.4 w e e k ended serve Measures & .Interest Rates Member bank borrowings (S mil.) Includes seasonal borrowing of: Federal funds rate 2/ 4 W k s . ended I A p r . 24 Mav ($ Bil., SA Monetary Aggregates Mj from 4 Week Averages I 52 weeks previous 35.12 34.77 36.17 1974 d Annual Average of 4 Weeks Ended M a y 8 , 1974 13 weeks previous | 26 weeks previous ($ Bil., SA) Total reserves Nonborrowed reserves Required reserves \ R e s e r v e d Avallable\ to Support Pvt. Nonbank Deposits (Seasonally AdJ 9, September 27, 8® D a i l y a v e r a g e yield 1973 to December 26, r a t e 8 o f at $67 m i l l i o n from D e c e m b e r 27, 1 9 7 3 to M a r c h 27, of U . S . b a n k s , and 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 m o n t h m a t u r i t y Source: • U . S . T r. a s u r y . • ve v • • ae Gdovi*. y seasonally adjusted annual rates, not compounded. on 2 0 - y e a r b o n d s . - percen t a g e c h a n g e s a r e 1973; 1 9 7 4 ; and $58 m i l l i o n thereafter. certain nondeposit in s e c o n d a r y m a r k e t . items.
@FedFRASER