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F E D E R A L u,,s H.9 (Rev. 6/70-) R E S E R V E statistical release For immediate r e l e a s e WEEKLY SUMMARY OF BANKING AND CREDIT .MEASURES (Averages of d a i l y f i g u r e s ) 4 weeks ended Week ended \ . September S e p t . 15 Sept. 8 S e p t . 15 457 -191 5.59 5.91 4.76 5.60 8.09 6.06 765 -541 5.73 6.03 4.56 5.55 8.76 5.99 675 -444 5.60 5.92 4.63 5.62 8.64 6.09 17, 1971 \! Year-ago data Week ended 4 wks . ended S e p t . 16 S e p t . 16 Aug. 18 M a r g i n a l R e s e r v e M e a s u r e s & 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 ($ m i l • ) Federal funds r a t e D e a l e r l o a n r a t e 1J 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/ R e s e r v e A g g r e g a t e s ($ b i l . . SA) - 500 -144 6.46 7.23 6.33 7.48 8.10 6.95 646 -374 6.48 7.19 6.33 7.55 8.04 7.00 4/ 32.2 31.8 32.1 Total reserves Nonborrowed r e s e r v e s Required r e s e r v e s f Monetary A g g r e g a t e s ($ b i l . , 770 -582 5.53 5.79 5.25 5.83 o 7.38 6.38 32.0 31.3 31.8 32.3 31.7 32.1 Week ended Sept, Sept. 8 1 31.6 30.9 31.4 4 weeks ended Sept. 8 Aug. 11 29.5 29.0 29.1 29.1 28.5 28,8 Week ended 4 w k s . e n d e d Sept. 9 S e p t . 9• 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 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 banks U . S . Government demand d e p o s i t s , member banks 349.9 353.7 227.1 260.3 7.5 349.9 353.9 227.4 259.1 8.0 349.2 353.0 227 .8 259.0 7.4 344.1 348.3 227.5 257.3 4.2 307.1 324.3 212.7 21.7.0 7.1 305.5 323.7 212.5 1214.9 6.8 SA -a S e a s o n a l l y a d j u s t e d . - Not s e a s o n a l l y a d j u s t e d . Unweighted 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 . 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 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 s e c o n d a r y 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 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 b o r r o w i n g s and b a n k - r e l a t e d commercial p a p e r . 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 c o m m e r c i a l Digitized forp 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. banks 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 . 8 b a n k - r e l a t e d http://fraser.stlouisfed.org/ commercial p a p e r amounted t o $ 1 , 7 1 1 m i l l i o n . NSA JL/ 2,/ 3/ 4/ 5/ Federal Reserve Bank of St. Louis