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FEDERAL

RESERVE

s t a t i s t i c a l

r

e l

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

e

a

s

e

For Immediate R e l e a s e
September 25, 1975

P e r c e n t Change ( S e a s o n a l l y Adjiinfrd Annual Rarp.^)..

Reserve A g g r e g a t e s 1 /
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 A g g r e g a t e s
M^ (Currency p l u s demand d e p o s i t s )
M- (Mj p l u s time d e p o s i t s a t commercial banks
o t h e r than l a r g e time CD's)
A d j u s t e d c r e d i t proxy 2J
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
Other Reserve Measures & I n t e r e s t Rates
Member bank borrowings ($ m i l . )
I n c l u d e s s e a s o n a l borrowings o f :
F e d e r a l funds r a t e
3-month' Treasury b i l l r a t e
90-119 day d e a l e r p l a c e d commercial paper r a t e — '
3-month CD r a t e (secondary market)
3-month E u r o - d o l l a r r a t e
U . S . Government bond r a t e —'
NSA--Not S e a s o n a l l y A d j u s t e d .
•1/

Week ended
4 Wks. ended
S e n t . 24
1 S e p t . 17l S e p t . 24 I Aug. 27
($ B i l . , SA)
34.65
34.25
34.61
32.65

34.55
34.22
34.39
32.74

34.64
34.31
34.35
32. 86

N

34.57
34.36
34.39
32.77

Week ended
4 Wks . ended
S e p t . 17
1 S e p t . i d S e p t . ,17. lAue." 20
($
295, .4

295.4

295.5

656.4
656, .9
506, ,2
506.3
440, .2
439.1
4, .0
4.2
Week ended
Sppr. ?4
64
"6,.29
6,.36
6,.83
7,.03
7,.50
8,. 5 3

I

61
6.,28
6..48
6..80
7..04
7..44
8..67

.

58
6.,20
6, .41
6..77
7, .02
7,.34
8,.55

-1.9
-4.6
-1.7
-2.5

-1.1
-2.4
-0.9
-1.2

Average of 4 Weeks Ended S p n t . 17. 1975
13 weeks p r e v i o u s
) 26 weeks p r e v i o u s

-1.5
-7.9
-1.5
-1.5
|

from 4 Week Averages
52 weeks previous

293.5

656.2
652.3
505.1
503.3
.438.4
437.9
3.7
2.5
4 Wks. ended

Rppr. 17
S e p t . ?4
(NSA )

Average of 4 Weeks Ended S e p t . 2 4 . 1975from 4 Week Averages
13 weeks p r e v i o u s
| 26 weeVs p r e v i o u s
1 52 weeks p r e v i o u s

-U3
2.8

3.3
7.8

aTIsT ?7
35
6.14
6.44
6.59
6.o84
7.22
8.49

SA--Seasonally 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 paper. R e s e r v e s A v a i l a b l e to Support P r i v a t e Nonbank D e p o s i t s
are 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 » f r 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.
R e s e r v e a g g r e g a t e s r e f l e c t changes i n R e g u l a t i o n D. Per c e n t annual 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 t o remove the e f f e c t of t h e s e s t r u c t u r a l c h a n g e s .
"2J I n c l u d e s member bank d e p o s i t s , l o a n s s o l d to 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 .
'
f
J3/ On September 1 7 , 1975 b a n k - r e l a t e d commercial paper amounted t o $ 8 , 7 9 2 m i l l i o n .
^
4 / 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 market.
5 / D a i l y a v e r a g e y i e l d on 2 0 - y e a r bonds. Source: U.S. T r e a s u r y .
NOTE: 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 annual r a t e s , n o t compounded.