Full text of H.9 Weekly Summary of Reserves and Interest Rates : October 14, 1971

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F E D E R A L

R E S E R V E

statistical

r.eleasfCR

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

evT-wrm

Week ended
Oct. 13

Oct. 6

450
-349
5.29
5.60
4.50
5.44'
6.76
5.93

310
-13
5.32
5.63
4.54
5.53
7.30
5.96

31.7
31.3
31.5

31.9
31.6
31.7

For immediate release
October 14, 1971

4 weeks ended
Oct. 13

!. M c T L : ; n

|

Sept. 15

Year-ago data
Week ended 4 wks .
Oct. 14
Oct. 14

Marginal Reserve Measures & Interest Rates (NSA)
Member bank borrowings ($ mil.)
Free or net borrowed (-) reserves ($ mil.)
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/
Reserve Aggregates ($ bil.. SA>

379
-206
5.38
5.69
4.63
5.56
7.62
6.01

675
-458
5.60
5.92
4.63
5.62
8.61
6.09

'

450
-409
6.21
6.76
6.02
6.90
8.17
6.82

492
-338
6. 12
6.82
5. 93
, 7.12 .
8. 17
6.80

4/

Total reserves
Nonborrowed reserves
Required reserves

Week ended

31.9
31.5
31.7

32.0
31.3
31.8

4 weeks ended
, Sept. 8

29.2
28.8
29.1

29. 2
28.,8 „
29.,1

Week ended 4 wks .ended
Oct. 7
Oct., 7

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

348.9
353.2
226.9
263.4
4.8

348.4
353.0
226.7
263.2
4.5

349.1
353.3
226.9
262.3
5.7

349.2
353.0
228.1
259.0
7.4

310.6
325.4
213.7
221.0
5.4

308,.8
324 .5
213 .0
219 .6
5 .7

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 secondary market.
37 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 nondeposit sources. On October 6 bank-related
commercial
paper amounted to $ 1,932 million.