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FEDERAL (Rev. 4 / 7 2 ) RESERVE statistical release u s - WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of d a i l y f i g u t e s ) u For Immediate Release November 16, 1972 Percent ^Chgnfee (Seasonal ly Adjusted Annum! Rafp.s)_ Reserve Aggregates 1/ j j ~ Total reserves Nohborrowed r e s e r v e s ^Required r e s e r v e s Reserves A v a i l a b l e to Support P v t . Nonbank D e p o s i t s Monetary Aggregates M^ (Currency plus demand d e p o s i t s ) M_ (M^ p l u s time d e p o s i t s a t commercial banks) o t h e r than l a r g e time CD's) A d j u s t e d c r e d i t proxy j / Time d e p o s i t s , a l l commercial 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 borrowings ($ m i l . ) Free or net borrowed ( - ) r e s e r v e s ($ m i l . ) F e d e r a l 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 placed commercial paper r a t e 4_/ 3-month CD r a t e (secondary market) 5_/ 3-month E u r o - d o l l a r r a t e U.S. Government bond r a t e 6/ Week ended 4 Wks . ended Nov. 15 1 Oct. 18 Nov. 15 I Nov. ($ B i l . , SA) 33.71 31.98 33.77 33.33 33.22 31.49 32.73 32.57 33.53 31.54 33. 68 33.05 30.90 29.25 30.97 30.59 NOV r 8 4 Wks . ended 1 Oct. 11 ($ B i l . , SA) 242.7 242.0 506.1 397.6 304.3 8.0 505:4 397.6 304.0 7.2 242.3 . 241.8 505.5 503.0 396.6 393.7 304.1 301.7 6.6 5.6 4 Wks. ended Nov . - 1 5 | Oct. . 18~ Nov. 15 1 Nov. 8 (NSA) 494 85 4.89 4.74 5.13 5.21 5.81 5. 76 958 -852 5.25 4.71 5.13 5.19 5.86 5.82 693 -418 5.05 4.73 5.17 5.22 , 5.91 5.87 Average of 4 Weeks Ended Nov. 15. 1972 13 weeks previous | 26 weeks previous 6.9 0.9 5.5 7.7 from 4 Week Averages 52 weeks previous 7.0 3.1 6.6 7.7 Average of 4 Weeks Ended Nov. 8, 19/Z 13 weeks previous | 26 weeks previous 10.0 8.6 9.6 8.6 | from 4 Week Averages 52 weeks previous 4.2 6.5 6.4 7.7 9.3 12.8 9.0 10.1 13.7 10.1 11.4 15.3 489 -302 5.04 4.70 5.19 5.22 5.83 , 6.07 NSA—Not S e a s o n a l l y Adjusted SA : —Seasonally A d j u s t e d . 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 borrowings and b a n k - r e l a t e d commercial p a p e r . Reserves A v a i l a b l e t o Support P r i v a t e Nonbank Deposits 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 time and savings d e p o s i t s , nondeposit sources 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 excess r e s e r v e s . . Reserve a g g r e g a t e s f o r t h e l a t e s t week r e f l e c t t h e change i n Regulation D e f f e c t i v e November 9, which reduced r e q u i r e d r e s e r v e s by about $2.3 b i l l i o n . Per c e n t annual r a t e s of growth f o r r e q u i r e d r e s e r v e s and o t h e r r e s e r v e a g g r e g a t e s have been a d j u s t e d t o remove t h e e f f e c t of t h i s s t r u c t u r a l change. Adjusted t o i n c l u d e $450 m i l l i o n of 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 on which p e n a l t i e s can be waived f o r a t r a n s i t i o n period in c o n n e c t i o n with bank a d a p t a t i o n t o R e g u l a t i o n J as amended e f f e c t i v e November 9, 1972. 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 commercial paper amoynted t o $2,507 m i l l i o n . On November 8 b a n k - r e l a t e d commercial paper amounted t o $2,507 m i l l i o n . Digitized for45//FRASER Average 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 with 3-jnonth m a t u r i t y in secondary market. 6/ D a i l y a v e r a g e y i e l d on 20-year bonds. Source: U.S. Treasury http://fraser.stlouisfed.org/ NOTE: All p e r c e n t a g e changes a r e a t s e a s o n a l l y , a d j u s t e d annual r a t e s , not compounded. 1/ Federal Reserve Bank of St. Louis
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