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FEDERAL

RESERVE

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statistical

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WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
(Averages of d a i l y f i g u r e s )

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r e-f e a s e

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For Immediate Release
September 11, 1975

• Percent Change ( S e a s o n a l l y AdiumrpH Annual
Reserve A g g r e g a t e s 1/

"

"— S e p t . 10

Total reserves
Nonborrowed r e s e r v e s
Required r e s e r v e s
R e s e r v e s A v a i l a b l e t o Support P v t . Nonbank D e p o s i t s

Monetary
M1 (Currency plus demand d e p o s i t s )
*2 P*i p 1 ^ * t t m e d e p o s i t s a t commercial banks
other than large time CD.'s)
Adjusted c r e d i t proxy U
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 baqks
Other Reserve Measures & I n t e r e s t Rates

34.29
33.96
34.30
32.60

1 S e n t . 3 1 S e p t . 10 I Aug.. 13
($ B i l . SA)
34.61
34.53
34.76
34.27
34.39
34.52
34.32
34.2$
34.59
32.77
32.85
32.80

Week ended
S e p t . 3 I Aug
296.3

297.0

656.7
504.0
436.7
3.1
Week ended

4 Wks. ended
I Aug.
295.6

294.8

655.5
503.5
437.6
3.0
4 Wks. ended

Average of 4-Weeks Ended S e p t . 10. 1975 from 4 Week Averages
13, weeks previous | 26 weeks previous I 52 weeks p r e v i o u s
1.4
-0.6
0.5
-0.2

-1.7
2.4
-1.5
-1.7

Average of 4 Weeks Ended S e p t . 3. 1975
13 weeks p r e v i o u s | 26 weeks p r e v i o u s

6.6

-1.4
8.7
-1.5
-1.1
I

from 4 Week Averages
52 weeks previous
5.3

9.9

0.6

3.4

10 1 Sec

Member bank borrowings ($ m i l . )
Includes seasonal borrowings o f :
F e d e r a l funds r a t e
3-month T r e a s u r y b i l l r a t e
90-119 day d e a l e r placed commercial paper r a t e —/
3-month CD r a t e (secondary market) z J
3-month E u r o - d o l l a r r a t e
U.S. Government bond r a t e 1/
N5A--Not S e a s o n a l l y A d j u s t e d .
1/

SA--Seasoi l l y Adjusted .
I n c l u d e s r e q u i r e d r e s e r v e s a g a i n s t E u r o - d o l l a r borrowings and b a n k - r e l a t e d commercial p a p e r . Reserves A v a i l a b l e t o Support P r i v a t e Nonbank D e p o s i t s
,
a r e r e q u i r e d r e s e r v e s f o r p r i v a t e demand d e p o s i t s , t o t a l time and s a v i n g s d e p o s i t s , n o n d e p o s i t s o u r c e s s u b j e c t t o r e s e r v e r e q u i r e m e n t s and e x c e s s
reserves.
s e r v e a g g r e g a t e s r e f l e c t changes in R e g u l a t i o n D. Per cent a n n u a l r a t e s of growth f o r r e q u i r e d r e s e r v e s and o t h e r r e s e r v e a g g r e g a t e s have
been a d j u s t e d to remove t h e e f f e c t of t h e s e s t r u c t u r a l changes.
I n c l u d e s member bank d e p o s i t s , l o a n s sold t o b a n k - r e l a t e d i n s t i t u t i o n s , E u r o - d o l l a r borrowings of U.S. banks, and c e r t a i n n o n d e p o s i t i t e m s .
On September 3, 1975 b a n k - r e l a t e d commercial paper amounted t o $8,682 m i l l i o n .
Average of range of o f f e r i n g r a t e s of 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 t h r e e month m a t u r i t y i n secondary m a r k e t .
Daily a v e r a g e y i e l d oq 2 0 - y e a r bonds. Source: U.S. T r e a s u r y .
E: A l l p e r c e n t a g e changes a r e a t s e a s o n a l l y a d j u s t e d a n n u a l r a t e s , n o t compounded.