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3 V > o

F E D E R A L

R E S E R V E

s t a t i s t i'STa I

r e l e a s e

f«4lRt
WEEKLY SUMMARY OF BAtiCING AND CREDIT MEASURES
(Averages of d a i l y f i g u r e s )

(Rev. 4 / 7 2 )

For Immediate R e l e a s e
September 4 , 1975

P f T M n t Change f f i e a a o n a l l y Adjimtfiri Annnnl Rnt-pn)
Reserve Aggregates 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 S u p p o r t P v t . Nonbank D e p o s i t s

Monetary A g g r e g a t e s
M^ ( C u r r e n c y p l u s demand d e p o s i t s )
M- (M. p l u s t i m e d e p o s i t s a t c o m m e r c i a l b a n k s
o t h e r t h a n l a r g e time C D ' s )
A d j u s t e d c r e d i t p r o x y 2J
Time d e p o s i t s , a l l c d 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 banks
Other R e s e r v e Measures & I n t e r e s t R a t e s
Member bank b o r r o w i n g s ($ m i l . )
Includes seasonal borrowings o f :
Federal 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 p l a c e d commercial
3-month CD r a t e ( s e c o n d a r y m a r k e t ^ !i)
3-month E u r o - d o l l a r r a t e '
U . S . Government bond r a t e J ? /

Sept. 3
34.64
34.42
34.29
32.89

J
4'Wk3.ended"
I Aug. 27 I S e p t . 3
I Aug. (T
($ B i l . , SA)

34.51
34.24
34.22
32.76

34.55
34.34
34.33
32.78

34.91
34.66
34.72
32.88

Week ended
4 Wks. ended
Aug. 27
| Aug. 20 1 Aug. 27
I J u l y 30
(? B i l . , SA)
297.4

294.8

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

0.6

-1.1
-0.4
0.4

-1.8
-1.7
|I

-1.4
9.8
-1.5
-1.0

from 4 Week Aver****
pm
. .
"
52 weeks p r e v i. o u s —

295.5
1.9
4.2

8.44 p

t-

-1.6
-2.0

Average of 4 Weeks Ended Aug. 2 7 . 1975
n weeks p r e v i o u s
1C.
J
13 uattUa
|I 26 weeks p r e v i o u s

11.2

Week ended
S e p t . 3 I Aug. 27

from 4 Week Averages
I 52 weeks p r e v i o u s "

11.3
3.1
4.1

3.3

8.0

4 Wks. e n d e d "
S e n t . 3 I Aug. 6

8.50 p

lJ5A--Not S e a s o n a b l y A d j u s t e d ,
SA - -Seas ona 1 ly \ d j us t e d .
1 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 . - R e s e r v e s - A v a i l a b l e t o S u p p o r t 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 t i m e 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
r e s e r v e s . R e s e r v e a g g r e g a t e s r e f l e c t c h a n g e s i n R e g u l a t i o n D. P e r c e n t 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 h a v e
b e e n a d j u s t e d t o 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 c h a n g e s . w
«
—
,
a
I n c l u d e s member b a n k d e p o s i t s , l o a n s s o l d 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 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 n o n d e p o s i t I t e m s .
On August 2 7 , 1975 b a n k - r e l a t e d commercial p a p e r amounted tob $ 8 , 8 5 8 m i l l i o n .
" i
Average of r a n g e 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 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 . S o u r c e : U . S . T r e a s u r y .
NOTE: A l l p e r c e n t a g e c h a n g e s 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.

1