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FEDERAL H.9 (Rev. 4 / 7 2 ) RESERVE statistical release WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES (Averages of d a i l y f i g u r e s ) For Immediate Release September 7, 1972 Percent Change (Seasonally Adjusted Annnal Rat-es) Week ended Reserve Aggregates 1/ Total reserves Nonborrowed r e s e r v e s Required r e s e r v e s Reserves A v a i l a b l e t o Support P v t . Nonbank Deposits Monetary Aggregates 33.81 32.98 32.99 31.44 Aug*. 241.2 Mg (M^ plus 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) Adjusted c r e d i t proxy 2/ 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 . ) Free or net borrowed ( - ) r e s e r v e s ($ m i l . ) F e d e r a l funds r a t e 3-month Treasury b i l l r a t e 9 0 t l l 9 day d e a l e r placed commercial paper r a t e 3/ 3-month CD r a t e (secondary market) 4 / 3-month E u r o - d o l l a r r a t e / U.S. Government bond r a t e 5/ ($ Bil 33.60 33.10 33.28 30.88 IA u g ^ ($ 240.4 4 Wks . ended SA) 33.52 33.01 33.15 30.81 33.28 33.06 33.13 30.46 4 Wks . ended 1 Aug. ? . 240.7 240.0 499.7 498.3 498.5 495.6 390.1 388.7 389.2 386.7 298.9 297.5 297.1 294.0 3.5 3.1 4.6 5.1 Week ended 4 Wks. ended S e p t . 6 1 Aug. 30 Sept. 6 | Aug. 9 (NSA) 838 -3 4.89 4.60 5.00 4.98 5 .49 5.99 477 -197 4.90 4.33c 4.85 4.92 5.44 5.95 512 -137 4.85 4.21 4.84 4.88 5.48 5.95 Average of 4 Weeks Ended S e p t . 6, 1972 from 4 Week Averages 13 weeks previous | 26 weeks previous I 52 weeks previous 6.2 1.1 4.3 10.6 10.6 9.6 8.6 10.0 8.1 7.9 Average of 4 Weeks Ended Aug. 30,197? from 4 Week Averages 13 weeks previ I 26 weeks previous I 52 weeks previous 8.5 9.7 8.7 13.5 9.5 12 .1 13.4 9.7 10.7 15.4 249 -99 4..57 3..90 4.,76 4..78 5..57 5..98 NSA--Not S e a s o n a l l y A d j u s t e d . SA--Seasonally A d j u s 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 borrowings and b a n k - r e l a t e d commercial p a p e r . Reserves Available t o Support P r i v a t e Nonbank Deposits 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 ,savings d e p o s i t s , nondeposit sources 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 excess r e s e r v e s . 2/ 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 commercial paper, E u r o - d o l l a r borrowings of U.S. banks, and c e r t a i n o t h e r nondeposit items. 3/ On Aug. 30 b a n k - r e l a t e d commercial paper amounted t o $ 2,373 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 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 with 3-month m a t u r i t y in secondary market. 5J D a i l y average y i e l d on 20-year 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 , not compounded. , / .