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A M H.9 ( R e v . 6/J'ff) F^QERAL RESERVE / \ : — , X ' s t a t i s t i c a l r e l e a s e . WEEKLY SUMMARY OF £ANKItiG AND CREDIT MEASURES ( A v e r a g e s of d a i l y f i g u r e s ) V\ " " Week ended - X S e p t . 16 For i m m e d i a t e r e l e a s e S e p t e m b e r 17, 1970. 4 weeks ended Sept. 9 Sept. 16 Aug. 19 ' Year-ago data Week ended 4 wks . ended S e p t . 17 S e p t . 17 M a r g i n a l R e s e r v e M e a s u r e a & I n t e r e s t R a t e s (NSA) Member b a n k b o r r o w i n g s . ( $ m i l . . ) - / F r e e o r n e t b o r r o w e d ( - ) r e s e r v e s ($ m i l . ) Federal funds r a t e Dealer 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 - m o n t h 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 / Reserve Aggregates ($ b i ' l . , SA) Total reserves Nonborrowed r e s e r v e s Required r e s e r v e s 500 -367 6 .46 7.23 6.33 7.48 8.10 6 V 95 762 -393 6 .64 7.38 6.37 7.45 7.97 6.98 646 , -429 ! 6.48 7.19 6.33 .7.55 8.04 7.00 29.3 <28.8 29.1 29.4 28.7 29.1 29.1 28.5 . 28,8 ($ b i l . , ^ 1,051 -766 9.01 9.46 7.06 8.32 11.18 6.38 28.4 27.4 28,2 4 weeks ended Sept. 9 Aug. 12 27.4 26.4 27.2 27.4 26.4 27.1 Week ended 4 w k s . e n d e d S e p t . 10 S e p t . 10 SA) T o t a l member b a n k d e p o s i t s T o t a l member b a n k d e p o s i t s p l u s n o n d e p o s i t i t e m s 5 / Money s u p p l y ( c u r r e n c y & demand d e p o s i t c o m p o n e n t s ) Time d e p o s i t s , a l l c o m m e r c i a l b a n k s U . S . Government demand d e p o s i t s , member b a n k s NSA 1/ 2_/ 3/ 4/ 5J 1,018 -886 9.07 9.62 7.11 8.40 11.14 6.48 4/ Week ended Sept. 9 Sept. 2 Monetary Aggregates 1,024 -846 6.82 7.49 6.45 7.90 8.28 7.01 : .308.0 325.1 205.9 215.4 8.0 306 . 8 325.1 206.1 213.8 7.2 305.7 323.9 206.2 213.4 7.1 . 299,1 318.4 204.4 209.5 5.1 283.7 302.3 199.3 193:9 2.2 284.8 303.4 199.3 194.1 2.6 - Not s e a s o n a l l y a d j u s t e d . SA - S e a s o n a l l y a d j u s t e d . U n w e i g h t e d a v e r a g e r a t e s on l o a n s p o s t e d by m a j o r New York C i t y b a n k s . A v e r a g e 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 i n second m a r k e t . D a i l y a v e r a g e y i e l d on 2 0 - y e a r b o n d s . 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 c h a n g e s 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 O c t o b e r 16, 1969. Sometimes r e f e r r e d t o a s 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 c o m m e r c i a l p aFRASER p e r 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 S e p t e m b e r 19 b a n k - r e l a t e d for c o m m e r c i a l p a p e r amounted t o $ 6 , 0 8 1 m i l l i o n . Digitized
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