Full text of U.S. Financial Data : Week Ending December 27, 1967

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Week ending December 27,1967
MEMBER BANK RESERVES

averaged

Total reserves of member banks (page 3)
$24. 5 billion during the four weeks

ended December 27, up at a 6 per cent annual rate
in the three months since September, and 10 per
cent since a year ago.
Federal Reserve actions,
chiefly purchases of Government securities, have
been the major factor in the growth of total re­
serves during 1967*
By way of comparison these
reserves rose at an average 3 per cent rate from
1957 to 1964, and at a 4.5 per cent rate from 1964
to 1966.
Reserves available for private demand
deposits (total reserves less reserves required
for Government, time, and net interbank deposits)
have risen at a 4 per cent rate since September,
and 6 per cent since a year ago.
These reserves,
which provide a base for the expansion of money,
rose at a 1 per cent trend from 1957 "to 1964,
and at a 3 per cent rate from 1964 to 1966.

MONEY STOCK
The nation's money stock (page 5), con­
sisting of private checking accounts and currency
in the hands of the public, averaged $l8l. 1 billion
during the four weeks ended December 20, up at a 4
per cent annual rate since early September, and 6.4


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

MONEY STOCK (Continued)
per cent since a year ago.
By comparison, money rose
at a 2 per cent trend from 1957 to 1964, and at an
accelerated 4 per cent rate from 1964 to 1966.
A broader measure of money (page 4), which
includes time deposits at commercial banks, has risen
at an 8 per cent rate since early September, and 11
per cent since a year ago.
The somewhat slower rate
of growth of this measure in recent weeks reflects the
slower rate of growth of money. Money plus time de­
posits rose at a 5 per cent trend from 1957 to 1964
and at an 8 per cent rate from 1964 to 1966.

BUSINESS LOANS
Business loans at large commercial banks
(page 9) averaged $64.3 billion during the four weeks
ended December 20, up at an 8 per cent annual rate
since early September, and 6.5 per cent since a year
ago.
Heavy corporate demands in the capital market,
as well as reliance on commercial paper as a source
of funds, have dampened the demand for business loans
at banks during most of this year.
In contrast to
recent rates of growth, these loans rose at a 10 per
cent trend rate from i960 to 1966.

Rates of change reported in this release are
intended to serve as summaries which may be
useful in analyzing recent developments.

Prepared by Federal Reserve Bank of St. Louis
Released: December 29,1967

FEDERAL RESERVE CREDIT [L
Weekly Averages of Daily Figures

ions of Dollars

51

50

Billions of Dol

Seasonally Adjusted by this Bonk [2

52

ran
Annual rates of change Federal Reserve Credit
— adjusted for reserve requirements changes
averages of four weeks ending Dec. 27, 1967
~ from four weeks ending:
_! Sept. 27, 1967
-f-/S.Z.
— June 28, 1967
/1.3
— Mar. 29, 1967
y- 99
— Dec. 28, 1966
+ /3-0

•»
48

FEDERAL RESERVE
HOLDINGS
CREDIT

47
__ Federal Reserve Credit
46

45
Federal Reserve Holdings of U.S. Government
and Federal Agency Securities
.

‘tgrS’o p
43

42

4l

4o
o"

Borrowings

1/ Federal Reserve Credit excluding float and a few minor
items, and adjusted for reserve requirement changes.
21 Seasonal adjustment for Federal Reserve Holdings
computed hy this bank using data ending December 1966.
Borrowings from Federal Reserve not seasonally adjusted.
Latest data preliminary
■
Current unadjusted data appear in the Board's H.4.1 release. ss___Latest data plotted week ending:
Dec. 27, 1967
11 ....... I ............ IN .......... ini................................... ............................................
7 21 5
19 2 16 30 l4 28 11 25 8 22 .8 22 5
19 3 17 31 14 28 12 26 9 23 6 20 4 18 1
15 29 13 27 10 24 7
21 6 20
Sept.
Oct.
Nov.
Dec.
Jan.
Feb. Mar.
Apr.
May
June
July
Aug.
Sept. Oct.
Nov.
Dec.
Jan.
1966
1967
.


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Prepared by Federal Reserve Bank of St. Louis

3

RESERVES
All Member Banks in the Nation
Weekly Averages of Daily Figures

Billions of Dollars

Billions of Dollars

i i i i i i i i i i i i i i i i i i i i i i
Seasonal adjustment computed by this ~
bank using data ending December 1965. — --------_J_|_
Unadjusted data appear in the Board's _ lj r
H.4.1 release.
_
.

TOTAL RESERVES
_ Annual rates of change, average of

TOTAL
RESERVES

U 14.t3
' n a 4 no_
_
.
ae> 14.13_
_
an 14 ns __
.OU' 4 j4.4s_
_

from four weeks ending

11 *4.31--// 14.S/---

IS i4.k*-

y^>. 1 141.3 —
t atit -­
iS 4H.it --

+ 3./

-­

li <M-3/ -/k*. a 1+71--/J-M.IA--<3<7J»-33------

/k 4U
'

~

'

RESERVES
AVAILABLE
FOR PRIVATE
DEMAND DEPOSI

19^ ‘ J-tfJ- A li.Tj

.RESERVES AVAILABLE FOR
PRIVATE DEMAND DEPOSITS
Annual rates of change, average of
from four weeks ending:
Sept.
27, 1967
+3.?
June
28, 1967
y-y.V
Mar.
29, 1967
y-y-7
Dec.
28, 1966
+J-.C,

factors have
to Incorporate data through early 1967.
■ A. J. k J. A., J»_I_|_I_I_I 1-1_1_I_I_l._|_I_I_I_|_1_k.
2 16 30 lU 28 11 25 8 22 8
v 21 5 19


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

22

5

Latest data pre!
.nary
Latest data plotted week ending: Dec. 27, 19^7
1 1 1 1 1 ,1 1 1 « i 1 1 1 1.1 1 u 1 1 1_1 ‘ ' ' 1

19
July

1966

1967

Aug

Sept.

Oct.

Mar.
1968

Prepared by Federal Reserve Bank of St.Louis

Apr

MONEY STOCK PLUS TIME DEPOSITS*
Averages of Daily Figures
Seasonally Ad justed

ons of Dollars

374

xrrrn 1 mix
Annual rates of change, average of
four weeks ending Dec. 20, 1967
from four weeks ending:
Sept. 20, 1967
+ 7.?
June 21, 1967
-ht 7
+ to.-S"
Mar. 22, 1967
Dec. 21, 1966
-h //./

372

Billions of Doi

1957-1966

382

380
378
376

1967

_

' /J 33 f-S
jo 3S1.0
<31 JSf +
(Tth *
// 3H.0

te7o

JS 3iO,S

368
366

__

364

1

36, V7

362

—

4.

'

“1

360

_
_

-

358

356

/■* 361. t
36+.I
31 JfcV-3
■Jbhofe 365. f
13 36.ro
*6

_
_

354

352
350

r--

348

*

346
^44
342

340
338
_

336

_

-44

334

_
_

332

';

4_i

330

~

328
— _

326

_

]

324

0

4=

-

Latest data preliminary
Latest data plotted week ending: Dec. 20, 1967
1 '1 ' 1 1 I I I I 1 I I I i_1 1 1 1 1 1 1 1 1.......
7 21 5 19 2
16 30 14 28 11 25
8 22 8 22
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Sept.
1966


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http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

5 19
Apr.

3 17
May

31

14 28
June

—

,
a
Current data appear in the Board's H.o release. Back
data appear in the August 1967 federal Reserve Bulletin.
For trend of money stock plus time deposits by months
see this bank's monthly release entitled "Monetary Trends".

i—i—1. 23
12 26 9 .1 .1
July
Aug.
1967 '

I 6J I 20 I M 1 I I I II I I M I II 1 I I I 1 1 I I I
I
Sept.

4 18
Oct.

1

15 29
Nov.

13 27
Dec.

10 24
Jan.

7

21

Feb.

6

20

Mar.
1968

Prepared by Federal Reserve Bank of St. Louis

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Federal Reserve Bank of St. Louis

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-•

TIME DEPOSITS*
All Commercial Banks
Weekly Averages of Daily Fig ures
Seasonally Ad usted

Billions of Dollars

'
Billions of Dollars

four veeks ending Dec. 20, 1967
from four weeks ending:
Sept.
20, 1967
f //-7
June
21, 1967
+/3-7
Mar.
22, 1967
+ /*/
Dec.
21, 1966
+ ll>.3

* Current data appear In the Board's H.6 release. Back
data appear in the August 1967 Federal Reserve Bulletin
For trend of time deposits by months see this bank's
monthly release entitled "Monetary Trends".

Latest data preliminary
latest data plotted week ending:Dec. 20, 19^7

Li.,,1 .1.1
7

21

5

19


http://fraser.stlouisfed.org
|
Federal Reserve Bank of St. Louis

2

16 30

lit

28 U

25 8

22

8

22

5

19

3

17 31

14 28
June

12

26 9

23

6

20

4

18

1

15

29

13 27

10 24

7

6

Prepared by Federal Reserve Bank of St. Louis

20

3

Millions of Dollars

BORROWINGS AND EXCESS RESERVES
MemberBanks in the Nation
Averages of Daily Fig ures

Millions of Dollars

1,900

BIWEEKLY DATA
EXCESS
/?67 RESERVES

1,800

BORROWINGS

■f -AOsf
-j-

1,700
1,600
1,500

1,1+00
WEEKLY DATA

1,300

f =?//

1,200

1,100
1,000
900
800
700
600
500
Excess Reserves

1+00

300

Net Free Reserves

200
100­
Borrowings

0
one Veek only

-

100

-

200

-

300

-

1+00

-

500

-

600

-

700

-

800

-

-

1,100
14 28

12


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

26

9

23

7

21

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1

15

1

15

29

12

7

21
June

5

19
July

2

30

13 27

11 25

8

22

6

20

3

17

31 14

28

Prepared fcy Federal Reserve Bank of St, Louis

13 27
Mar.

1,000

-

Latest data preliminary

900

-

1,100

BUSINESS LOANS
Large Commercial Banks
Wednesday Figures

BU ions of Dollars

69

68

67

9
Billions of Dollars

Seasonally Adjusted by this Bank

from four weeks ending:

+ 70
+■
I96O-I966

66

65

•*
63

1967

62

cW 6

Millions of Dollars
SEASONALLY
UNADJUSTED
ADJUSTED
64 4 3/

/i

63.4/9

w-r?/
63,

S3 ///
61

<4

a?v
63 371
63 766

U,3SAt
6 3,7JO
63 ?/<?

60
//
46.
49

64793
69 077
64,79 7

t
/•?
a®

59

63 737
63,773"
64 743

69, toi
<y//?
is^y

69,495

58

57_
a~

Latest data preliminary
" _ latest data plotted:

20> ^967

Current and year ago unadjusted data appear in
the Board's H.4.2. release.
Seasonal adjustment
_____________________________________ computed by this bank using 1962 through 1966 data

TT l I l l II I l I I I I I I I 1 I I I I I I ill II II
7 21
Sept.

5 19 2 16 30
Oct.
Nov.
1966


http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

14 28 11
Dec.

25 8 22
Jan. Feb

8

22

5

II
19

3

17

11
31 14

II
28
1967

12 26923
1968
Prepared by Federal Reserve Bank of St. Louis

10

YIELDS ON SELECTED SECURITIES
Weekly Averages of Daily Rates Ended Friday

Per Cent

T

111111111II l-H+FFFF
8.00
/9L?
eUfJ' 1
/S
o?<3

7.50

Qcjr ip
/J

3-MONTH
TREAS.
BILL
y V/
y3/
y.37
y jv
VV7
VV7

30

•37
3
J0
17
4*
D<u*. /
i
/S'
A3.
*-<7?

6.50

6.00

Per Cent

8.00

LONG- CORPORATE
3-5
Aaa
TEAS TERM
54#
y.7t
5 35
5 3iL
y. 73
X *4
5*5
J-.!?
S.oi
5 yy
5-t.y
5 v5 4.Of
5*4.
5.74.
4. H S. oy
S. 74.
■S.+t y. yo
V (pf
5S£ 5.2* 4. S3
4.67 >5.5?
£■90
y.xfip
5,75
V5?
4. Id 5j5
y.fcv
s.so 4.99
k.OJ.
y. 4.J
S. 7fe S.T7
L.I0
4.01
H-.SS J. 7/ £.95
4./ J
547 5 37
t>- /V9.12. 5-70 5.3*
4a./4
v Vc 5 7¥ -f.3S
5.61 5-3*
i°ik
k.n
f.*7 567 ■r. jy
6.4?

7.50

|

7.00

6.50

'"1
-1

Corporate
Aaa 'Ronds
/

.

r

f

.*1
-•

*■ ■ ■

r*

•—

5-50

6.00

*

L'J.
H .♦1

/
»•*
,1

*

A

5.00

*.■ ..

_LJ_)—

Government Bonds

*'

5.50

S.JY
I

*

—

•••
.50
_

l'

V. .

5.00

t. 7 /

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—I—
4.50

: .•

4.00

4.00
>
3.50

N

L

3.50

Three-Month
MarJieTi ueia
-

3.00

3.00

2.50
Latest data plotted are averages of rates available for the week ending: Dec. 29> 19&7
9

tt'i

1 1 114 1 18 11 1 16 1 30 13 111 10 24 10 1 24 7 1 21 5 19 2 1 16 1 30 14 281 11 r 25
t 2 1 11 1 27 11111 111 rm. 11 1 1 11111 1

23 7 21
Sept.
Oct.

Nov.

Dec.

1966


♦AVERAGES OF RATES AVAILABLE
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Jan.

Feb.

Mar.

Apr.

May

June

July
1967

Aug.

8

22 6 20
Sept. Oct.

3

17 1
Nov.

15 29
Dec.

12 26
Jan.

9 23
Feb.

22
Mar.
1968
8

Prepared by Federal Reserve Bank of St. Louis

5
Apr.

11
*

Per Cent

SELECTED SHORT-TERM INTEREST RATES
Weekly Averages of Daily Rates Ended Friday

Per Cent

PRIME
COMMERCIAL
PRIME
LARGE
PAPER
BANKERS' 90 HAY
7 ' 4-6-MONTH ACCEPTANCES CD'S**

*.is

y.G>6
y. w

yro

M-tt

iio

y.r8

y.w

rfi
f.it

sf. jS

f.Si

f 30

y cts

y <r*

^30

. .r. jo

-Prime Commercial Paper
- , 4-to-6 Month
,

Prime Bankers’
Acceptances

ttscoun;

Federal Funds Rate

latest data plotted are averages of rates available for the week ending: Dec. 29, 1967
9

I 1 i
23

7

21

* AVERAGES OF RATES AVAILABLE

** SOURCE:
http://fraser.stlouisfed.org SALOMON BROTHERS AND HUTZLER
SECONDARY Louis
Federal Reserve Bank of St.MARKET RATE ON 90-DAY PRIME CD'S.

June
Prepared by Federal Reserve Bank of St. Louis