Full text of H.9 Weekly Summary of Reserves and Interest Rates : November 24, 1972

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

J
F E D

E R

H.9. ,
(Rev. 4/72)"

A !

R

E

S

E

R

V

E

S *atistical

releas e

WEEKLY SUMMARYOFBANKING AND CREDIT MEASURES
(Averages of daily figures)

For Immediate Release
November 24, 1972

tercent Change (Seasonally
Week ended
1
Nov. 22 1 Nov. 15 |
($ Bil.
Total reserves
31.98
30.58
Nonborrowed reserves
31.49
30.10
Required reserves
31.54
30.34
Reserves Available to Support Pvt. Nonbank Deposits
29.25
27.79

Reserve Aggregates 1/ 7J~

Monetary Aggregates 3/
M 1 (Currency plus demand deposits)
^ ^ (Mj plus time deposits at. commercial banks)
other than large time CD's)
Adjusted credit proxy 4/
Time deposits, all commercial banks
U.S. Government demand"deposits, member banks
Other Reserve Measures & Interest Rates
Member bank borrowings ($ mil.)
Free or net borrowed (-) reserves ($ mil.) 2/
Federal funds rate
3-month Treasury bill rate
90-119 day dealer placed commercial paper rate 5/
3-month CD rate (secondary market) _6/
3-month Euro-dollar rate
U.S. Government bond rate ]_/

4 Wks . ended
Average of 4 Weeks Ended Nov, 22, 1972 from 4 Week Aver«»A«
Nov. 22 | Oct. 2 ~ 13 weeks previous | 26 weeks previous 1 , 52 weeks previous
SA)
32.52 ,
33.80
7.6
9.9
7.4
31.87
33.22
3.6
3.9
9.0
32.27
33.56
6.4
6.9
9.7
29.75
30.97
7.6
7.6
8.3

Week ended
4 Wks. ended
Nov. 15 1 Nov. 8 I Nov. 15 I Oct. 18
($ Bil., SA)
243.2
242.7
242.6
242.0
506 .0
397.6
304.3
8.0

507.5
395.8
305.1
5.7
N o v . ??

279
4.97
4.79
5.23
5.25
5.70
5.74

1

Nov.

503.8
506.1
394.0
396.8
302 .6
304.4
5.5
6.7
4 Wks. ended
15
Nov. 22 I Oct. 25 "
(NSA)

85
4.89
4.74
5.13
5.21
5.81
5.76

607
-349
'5.,04
4.,75
5,.16
5.,22
5,.83
5,.81

Average of 4 Weeks Ended Nov. 15, 1972 from 4 Week Averages
13 weeks previous
26 weeks previous | 52 weeks previous

8.7

6.2

6.5

9.4
13.2

11.2
15.2

-328
5.04
.4.72
5.22
5.25
6.00
6.03

NSA--Not Seasonally Adjusted.
SA—Seasonally Adjusted.
1/
"
Includes
required reserves against Euro-dollar borrowings and bank-related commercial paper. Reserves Available to Support Private Nonbank Deposits are
required reserves for private demand deposits, total time and savings deposits, nondeposit sources subject to reserve requirements, and excess reserves
Reserve aggregates reflect the change in Regulation D effective November 9, which reduced required reserves by about $3.1 billion. Per cent annual rates
of growth for required reserves and other reserve aggregates have been adjusted to remove the effect of this structural change.
Adjusted to include $450 million of certain reserve deficiencies on which penalties can be waived for a transition period in connection with bank adaptation
to Regulation J as amended effective November 9, 1972.
"Implementation of revised Regulation J on November 9, because of its effects on clearing accounts on bank balance sheets, had the effect of raising demand
deposits as calculated f&r inclusion in money supply. However, the resulting increase has been eliminated from current money supply data (beginning with
the week ended November 15) in order to avoid a discontinuity in the series. The upward adjustment of money supply as a result of revised Regulation J will
be incorporated in the statistics at the time of the regular annual benchmark and seasonal adjustment review. At the same time, historical figures will also
be revised on a consistent basis. The forthcoming adjustments to the figures stemming from the change in Regulation J will primarily affect the level of
the series and will themselves have minimal effects on rates of change.
Includes member bank deposits, bank-related commercial paper, Euro-dollar borrowings of U.S. banks, and certain other nondeposit items.
On November 15 bank-related commercial paper amounted to $ 2,503 million.
Average of range of offering rates on negotiable certificates of deposit with 3-month maturity in secondary market.
'

Daily average yield on 20-year bonds. Source: U.S. Treasury
http://fraser.stlouisfed.org/
!: All percentage changes are at seasonally adjusted annual^rates, not compounded.

Federal Reserve Bank of St. Louis