Full text of H.9 Weekly Summary of Reserves and Interest Rates : September 3, 1970

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

Week ended
Sept.
Marginal Reserve Measures & I n t e r e s t Rates

($ b i l . ,

2k)

2

4 weeks e n d e d

Aug. 26

661
-471
6.46
7.10
6.33
. 7.55
7.94
7.04

660
-535
6.34
7.04
6.28
7.73
8.15
7.09

28.8
28.2
28.6

28.7
28.1
28.5

Week ended
Aug. 26 Aug. 19

2

Aug. 5

Year-ago data
Week ended 4 w k s . e n d e
Sept. 3
Sept. 3

794
-625
6.57
7.26
6.41
7 .73
8.13
7.10

1,327
-1,138
7.14
7.84
6.42
8.01
8.58
6.93

1,240
-838
9.57
9.96
7.01
8.25
11.20
6.35

1,249
-997
9.09
9.67
6.99
8.37
10.87
• 6.25

28.7
28.0
28.5

28.2
26.8
28.0

' 4 weeks e n d e d
Aug. 26
J u l y 29 -

27.4
26.2
27.0

27.4
26.2
27.1

Week ended 4 wks . eprie
"<Aug. 27
Aug. 27

SA)

T o t a l member bank 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 57
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/
1/

Sept.

4/

Total reserves
Nonborrowed r e s e r v e s
Required r e s e r v e s

M o n e t a r y A g g r e g a t e s ($ b i l . ,

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 3, 1970,

(NSA)

Member b a n k b o r r o w i n g s ($ m i l . )
F r e e or 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
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/
Reserve Aggregates

r e l e a s e

305.5
324.2
206.2
212 .6
7.4

302.2
321.1
206.6
211.5
5.6

302.4
321.3
205.9
2.11.3
6.1

295.7
315.6
204.3
206.8
4.2

285.1
303.8
198.9
193.9
3.1

285.4
303.9
199.2
194.7
2.7

- 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 .
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 .
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 in r e q u i r e d r e s e r v e s d u e t o c h a n g e s in 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, 1 9 6 9 .
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 e 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
1/

* p a 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 Aug. 26 b a n k - r e l a t e d
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