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F E D E R A L R E S E R V E s t a t i s t i c a l r e l e a s e WEEKLY SUMMARY OF;BANKINGAND CREDIT MEASURES (Averages of d a i l y f i g u r e s ) \ ' .- ' Week ended Oct. 7 For immediate r e l e a s e October 8, 1970. % 4 weeks ended S e p t . 30 Oct. 7 . Sept. 9 M a r g i n a l R e s e r v e Measures & I n t e r e s t R a t e s (NSA) Member bank b o r r o w i n g s ($ m i l . ) F r e e or n e t borrowed ( - ) r e s e r v e s ($ mil . ) F e d e r a l funds r a t e D e a l e r loan r a t e 1/ 3-\month T r e a s u r y b i l l r a t e 3-month CD r a t e ( s e c o n d a r y m a r k e t ) 2 / 3-month E u r o - d o l l a r r a t e U . S . Government bond r a t e 3 / 396 27 6 .36 6 . 9b 5.95 7 .04 8.38, 6.79 663 -413 6 ,.05 6 ,.81 5 .81 , 7 .13 , 8,.18 6 .80 28.5 28.1 28.1 29 .3 28.7 29 .0 504 -268 ; 6.18 6.94 6.01 7.26 8.16 6.83 ! Year-ai $o d a t a Week ended 4 wks . ended Oct. 8 Oct. 8 1 — 1 691 -485 6..52 7 .22 , 6 ,.37 1,.63 8,.04 7,• 07- -967 -828 9.43 9.89 7.00 8.66 10.65 6 .65 28 .9 28 .2 28.7 27 .2 26.3 27.0 1,132 -932 9.31 9.75 7.08 \ 8.60 10.88 6.63 R e s e r v e A g g r e g a t e s ($ b i l . . SA) 4 / Total reserves Nonborrowed r e s e r v e s Required r e s e r v e s , Week ended S e n t . 23 S e p t . 30 29.0 28.6 28.8 4 weeks ended S e n t . 30 Sent. 2 27.4 26,3 , 27.2 Week ended 4 w k s . e n d e d Oct. 1 Oct. 1 Monetary A g g r e g a t e s ($ b i l . . SA) T o t a l member bank d e p o s i t s T o t a l member bank d e p o s i t s p l u s nondepos i t items J>/ Money s u p p l y ( c u r r e n c y & demand d e p o s i t components) 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 307.6 323.1 205.4 218.9 5.1 307 .3 323 .4 204 .3 217 .7 6 .1 307.6 323.9 205.7 217.2 6.1 304 .0 322 .7 206 .3 212 .3 6 .5 284.2 302.4 198.3 194.3 3.8 285.0 303.5 198.9 194.1 3.8 Unweighted a v e r a g e r a t e s on l o a n s posted by major New York C i t y b a n k s . Average of r a n g e 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 w i t h 3-month m a t u r i t y in second m a r k e t . D a i l y average y i e l d on 2 0 - y e a r bonds. I n c l u d e s i n c r e a s e s i n r e q u i r e d r e s e r v e s due t o changes i n R e g u l a t i o n s M and D, e f f e c t i v e October 16, 1969. 5 / Sometimes r e f e r r e d t o as t h e " a d j u s t e d c r e d i t p r o x y " . 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 papery E u r o - d o l l a r b o r r o w i n g s of U.S. b a n k s , and c e r t a i n o t h e r n o n d e p o s i t s o u r c e s . On September 30 b a n k - r e l a t e d paper amounted t o $4,586 m i l l i o n . commercial 2/ V,
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