Full text of H.9 Weekly Summary of Reserves and Interest Rates : October 16, 1970

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FEDERAL

RESERVE

statistical

Z, J

For immediate release
October 16, 1970

WEEKLY SUMMARY OF! BANKtNG'AND CREDIT MEASURES
(Averages ^crf-d^TTy"TiguresT
— —

(aL<^6/70)

4 weeks ended

Week ended
Oct. 14

Oct. 7

Marginal Reserve Measures & Interest Rates (NSA)
Member bank borrowings ,<$ rail.) - «
Free or net borrowed •(.-) reserves ($ mil.)
Federal funds rate
Dealer loan rate 1j
3-month Treasury bill rate
3-month CD rate (secondary market) 2/
3-month Euro-dollar rate
U.S. Government bond rateJ3/

Oct. 14
....

453
-411
6.21
6.76
6.02
6.90
8.17
6.82

release

396
27
6. 36
6. 90
5. 95
7. 04
8. 38
6. 79

f

v I
,4.93.,
-326 ,
6.12
6.82
5.93
7.12
8.17
6.80

j

Sept. 16

Year-ago data
Week ended 4 wks . ended
Oct. 15
Oct. 15

646
1,347
-1,129
-374
6.48
9. 68"
10. 14
7. 19
6. 33
7. 02
7. 55 '
8. 70
10.,43
8.04
00
'
6.,46
7.

1,214
-994
9.46
9.88
7.06
8.68
10.70
6.62

Reserve Aggregates ($ bil., SA) 4/
Total reserves
Nonborrowed reserves
Required reserves

^

28.2
27.8
28.1

28. 6
28. 2
28. 1

Week ended
Oc t. 7 . Sent. 30

28.8
28.3
28.6

29.,1 '
28..5
28.,8 .

4 weeks ended
Oct. 7
Sent. 9

27.,3
26..0
27,.1

27.4
26.2
. 27. r

Week ended 4 wks . ended
Oct. 13

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
1/
2/
3/
57
5j
,
Digitized

310.5
325.21
207.0
219.7
5.4

308,,2
323.7
206,.4
218 .8
5 .1

308.7
324.5
206.4
218.2
5.7

305'.5
323 .7
206 .2
213 ;4
6 .8

283 .7
301 .9
199.6
. 193.9
2 .9

285.0
303.4
199.0
194.1
4.0

- Not seasonally adjusted.
6
Unweighted average rates on loans posted by major New York City banks.
Average of range of offering rates on negotiable certificates of deposit with 3-month maturity in second market.
Daily average yield on 20-year bonds . 1
. \
Includes increases in required reserves due to change's in Regulations M and D, effective October 16, 1969:
Sometimes referred to as the "adjusted credit proxy". Includes member bank deposits, bank-related commercial
Euro-dollar borrowings of U.S., banks, and certain other nondeposit sources. On October 7 bank-related
forpaper,
FRASER
commercial paper amounted to $4,156 million.
.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis