Full text of H.9 Weekly Summary of Reserves and Interest Rates : November 5, 1970

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,i F E D E R A L

RESERVE

Statistical

4 weekd ended

Week ended
... A' '

Z*

.. .....

Oct. 28

Nov. 4

.

s*.

For immediate release
November 5, 1970

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

(Rev. 6/70)

release

Nov. 4

Oct. 7

\

Year-ago data
Week ended 4 wks . ended
Nov. 5
Nov. 5

MargYnal, Reservfe Measures & Interest Rites (NSA)
423
-131 ,
6.07
6.52
5.74
6.61
7.50
6.84

Member bank borrowings ($ mil.)
Free or net borrowed ( - ) reserves ($ rail.)
Federal funds rate
Dealer loan rate V
3-month Treasury bill rate
3-month CD rate (secondary market) 2/
3-month Euro-dollar rate
U.S. Government bond rate 3_/

435
-291
6.11
6.52
5.81
6 .65
7.66
6.98

, 474
-305
6.14
6.62
5.87
6.72
7.77
6.89

505
-272
6.18
6.94
6.01
7.26
8.16
6.83

1,328
-1,032
9.07
9.53
7 .01
8.36
9.89
6.59

1,217
-1,030
8.96
9.48
6.99
8.58
9.76
6.46

Reserve Aggregates ($ bil.. SA) 4/
.

Total reserves
Nonborrowed reserves ,
Required reserves

29.3
28.9
29.0

29.3
28.8
29.0

Week '
ended
Oct. 28
Oct. 21

29.4
28.9
29.1

29.3
28.8
29.1

4 weeks ended
Oct. 28
Sept. 30

27.7
26.4
27.4

27.4
26.2
27 .2

Week ended 4 w k s . e n d e d
Oct. 29
Oct. 29

Monetary Aggregates ($ 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
NSA - Not seasonally adjusted.
_!/

Unweighted

average

rates

on

311.3
324.9
205.0
221.7
6.2

310.2
324.3
207.3
221.4
4.3

310.4
324.6
206.2
220.9
5.2

307.9
324.2
206.0
217.1
6.1

283.4
302.1
198.5
193.4
3.2

283.3
302.0
199.2
193.6
3.0

SA - Seasonally adjusted.
loans

posted

by m a j o r

New Y o r k

City

banks.

2/
Average of range of offering rates on negotiable certificates of deposit with 3-month maturity in second market.
3/ Daily average yield on 20-year bonds.
4/ Includes required reserves against Euro-dollar borrowings and bank-related commercial paper .
5/ Sometimes
referred to as the "adjusted credit proxy". Includes member bank deposits, bank-related commercial

paper, Euro-dollar borrowings of U.S. banks, and certain other nondepos it sources . On October 28 bank-related
http://fraser.stlouisfed.org/
commercial paper amounted to $3,671 million.

Federal Reserve Bank of St. Louis