Full text of U.S. Financial Data : Week Ending: February 7, 1973

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

i

Week ending: February 7, 1973
'-IBHAR'VJ
-J- - fp-4*- - - - - - - - - 1. . ..j_ _ _ _ j_ _ _ _ _ |

|_ _ _ _ L-

:

'

is 3

Several series contained in this release have been
revised. Recent data for the monetary base and Federal Reserve
credit are presented on pages 2 and 3, respectively.
In
addition, revised data are presented on page 9 for the demand
deposit component of money (chart page 4), net time deposits
(chart page 6), and large CD's (chart page 8). A listing of
revised money stock data was published on page 3 of "U.S.
Financial Data," 1/31/73.
Money stock plus net time deposits, a more broadly
defined concept than money, reflects both the revisions to the
money stock and to time deposits (page 7). The revised series
increased 10.8 percent during 1972 (December 1971 to December
1972), compared with 10.7 percent for the old series. Total
time deposits and net time deposits were revised to reflect new
benchmark data for nonmember banks and new seasonal factors.
Growth of net time deposits during 1972, according to the
revised series, was 13.3 percent, not significantly different
from the 13.2 percent increase for the old series (page 6).
The revision of this series lowered somewhat the growth In the
first half of 1972 and raised the growth in the second half.
The nation's money stock, according to recently
revised data, has increased a rapid 7.9 percent in the past
twelve months (page 5). tfore recently, money has increased at
a 5.8 percent annual rate in the past six months. The large
budge in money during late 1972 has been offset somewhat by a
lower level of money in recent weeks, with money averaging $255
billion in the past four weeks, compared with $256.4 billion in
the previous four weeks.

STYOl

S§\

I£\<!

£e!d{<?8

SlVi

Market interest rates, especially short-term rates,
have moved up sharply since year-end, continuing the upward
trend begun in early 1972 (pages 10 and 11). These recent
increases probably reflect both the increased demands for credit
fostered in part by the expansion in economic activity and in
part by revised price expectations of market participants.
Yields on three-month Treasury bills averaged 5.66 percent in
the first three days of this week, up 53 basis points from six
weeks ago.
For comparison, this bill rate averaged about 6.5
percent during 1969 and 1970 and 4.3 percent in 1971. Yields on
prime four- to six-month commercial paper averaged 6.25 percent
early this week, up from 5.63 percent four weeks earlier, but
below the 7.8 percent average for 1969 and 1970.


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

Prepared by Federal Reserve Bank of St. Louis
Released: February 9, 1973

MONETARY BASE v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
IOO

-

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
__ THE FOUR WEEKS ENDING

96

96
1972

10.3
MONETARY BASE
94

92

1973

MILLIONS —

90

86

LATEST DATA PLOTTED WEEK ENDING; FEBRUARY 1, 1973
\/ USFS OF MONETARY BASE ARE MEMBER BANK RESERVES AND CURRENCY HELD BY THE PUBLIC AND NONMEMBER
BANKS^ ADJUSTED FOR RESERVE REQUIREMENT CHANGES AND SHIFTS IN DEPOSITS. FOR A DESCRIPTION
OF Th£ BASE SEE THE AUGUST 1968 ••REVIEW OF THIS BANK.

Monthly Data
1/71 $84,178
2/71
84,914
3/71
85,463
4/71
85,816
5/71
86,512
6/71
86,923
7/71
87,640
8/71
87,934
9/71
88,513
10/71 88,758
11/71 89,266
12/71 89,398
1/72
90,203
2/72
90,626
3/72
91,515
4/72
92,152
5/72
92,557
6/72
93,011
7/72
93,496
8/72
94,048
9/72
94,235
10/72 95,576
11/72 96,305

12/72 96,951
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Revised Monetary Base as of 2/1/73
Seasonally Adjusted Averages of Daily Figures
Million of Dollars

1/5/72
1/12
1/19
1/26
2/2
2/9
2/16
2/23
3/1
3/8
3/15
3/22
3/29
4/5
4/12
4/19
4/26
5/3
5/10
5/17

$89,519
89,654
90,683
90,094
90,309
89,755
90,571
90,920
90,902
90,694
91,370
91,362
91,998
92,203
91,732
91,844
92,311
92,008
91,841
92,613

Weekly Data
5/24/72
5/31
6/7
6/14
6/21
6/28
7/5
7/12
7/19
7/26
8/2
8/9
8/16
8/23
8/30
9/6
9/13
9/20
9/27
10/4

$92,886
92,954
92,656
92,544
93,066
92,743
93,285
92,875
93,787
93,412
93,607
93,436
93,990
94,101
94,267
94,239
93,368
94,234
94,302
94,656

10/11/72 $95,120
10/18
95,585
10/25
95,716
11/1
95,422
11/8
95,022
11/15
95,720
11/22
96,342
11/29
96,530
12/6
96,431
12/13
96,522
12/20
97,029
12/27
96,823
1973
1/3/73
97,040
97,162
1/10
1/17
97,990
1/24
97,268
1/31
97,589
2/7
96,722

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

FEDERAL RESERVE CREDIT v
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
the four Weeks ending
__ FEBRUARY 7, 1973 FROM
THE FOUR WEEKS ENDING:

~

-

DEC.
—

6.
8.
4,
6,
9,
5.
9,

AUG.
FEB.

1972
1972
1972
1972
1972
1972
1972

19.4
16.2
19.8
13.3
10.2
9.0
7.5
FEDERAL RESERVE CREDIT

971

MILLIONS

JAN.

5

19

JAN

2

16

FEB

1

15 29 12

MAR

26

APR

10 24

MAY

7 21

JUN

JUL
1972

2

16 50

AUG

13 27

SEP

II

25

8 22

6 20

OCT

3

17 31

H 28

FEB
1973

14 28

MAR

LATEST DATA PLOTTED WEEK ENDING: FEBRUARY 7, 1973
1/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT ANO ’’OTHER1' ASSETS, ADJUSTED FOR
RESERVE REQUIREMENT CHANGES AND CHANGES IN REQUIREMENTS DUE TO SHIFTS IN DEPOSITS AMONG
CLASSES OF BANKS.

Monthly Data
1/71 $70,396
2/71
71,170
3/71
71,758
4/71
72,068
5/71
72,847
6/71
73,157
7/71
74,535
8/71
74,697
9/71
75,505
10/71 76,237
11/71 76,581
12/71 77,044
1/72
78,402
2/72
78,462
3/72
78,422
4/72
79,528
5/72
79,556
6/72
80,448
7/72
80,412
8/72
80,572
9/72
79,328
10/72 81,171
11/72 82,180

12/72 82,997
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Revised Federal Reserve Credit as of 2/1/73
Seasonally Adjusted Averages of Daily Figures
Millions of Dollars

1/5/72
1/12
1/19
1/26
2/2
2/9
2/16
2/23
3/1
3/8
3/15
3/22
3/29
4/5
4/12
4/19
4/26
5/3
5/10
5/17

$77,553
77,754
78,866
78,563
78,784
78,047
78,426
78,295
77,913
77,692
78,185
78,185
78,621
79,300
79,014
79,172
79,980
79,506
79,344
79,112

Weekly Dat a
5/24/72 $79,548
5/31
79,913
6/7
80,018
6/14
80,019
6/21
80,249
6/28
80,409
7/5
80,192
7/12
79,707
7/19
80,558
7/26
80,489
8/2
80,473
8/9
80,339
8/16
80,515
8/23
80,269
8/30
80,080
9/6
79,621
9/13
78,061
9/20
79,393
9/27
79,902
10/4
80,001

10/11/72 $80,783
10/18
80,911
10/25
81,637
11/1
81,453
11/8
81,380
11/15
81,266
11/22
82,076
11/29
82,121
12/6
82,156
12/13
82,606
12/20
83,099
12/27
83,058
1973
1/3/73
83,161
1/10
83,231
1/17
84,419
1/24
84,114
1/31
84,869
2/7
84,433

PREPARED BY FEDERAL RESERVE BANK OF ST

4
DEMAND DEPOSIT COMPONENT OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
205

199.7

200.8
197.4
198.7
198. I
197.7

200

195

190

185

180

5 19

2 16

JAN

FEB

I

15 29 12 26 10 24

7 21

S 19

2

16 30 13 27 It

SEP

25

6 22

6 20

3 17 31

14

14 26

OCT

1972

1973

LATEST DATA PLOTTED WEEK ENDING. JANUARY 31, 1973
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
2/2/72

5/31/72

6/28/72

8/2/72

8/30/72

10/4/72

12.2
8.9
8.5
8.3
7.3
8.9
6.7

9. 1
8.4
8.2
7. 1
9.0
6.5

4.9
5.7
4.8
7.6
4.9

7.4
5.7
8.9
5.5

4.8
9.6
4.9

11/1/72 11/29/72

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
6/28/72
8/ 2/72
8/30/72
10/ 4/72
11/ 1/72
11/29/72
1/ 3/73
1/31/73


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

9.9
10.8
9.6
9.3
9. 1
8.4
9.4
7.8

10.4
4.1

5.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK

*

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLIONS
256.9
258.2
254.6
255.7
255. 1
254.4

5 19

2

JAN

FEB

16

1

IS 29 12 26

10 24

T 21

S

19

2

16 SO

IS 27

SEP

II

25

6 22

6 20

3

17 31

OCT

14 28

FEB
1973

1972

14 26

MAR

LATEST DATA PLOTTED WEEK ENDING: JANUARY 31, 1973
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING:
2/2/72

5/31/72

6/28/72

8/2/72

8/30/72

10/4/72

10.4
7.9
7.9
7.9
7.4
8.9
7.0

8.0
7.9
8.0
7.3
9. 1
6.9

5.5
6.3
5.8
8.3
5.8

7.9
6.8
9.6
6.4

6. 1
10.3
6.0

11/1/72 11Z29/72

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/28/72
8/ 2/72
8/30/72
10/ 4/72
11/ 1/72
11/29/72
1/ 3/73
1/31/73


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

9.4
10.0
9.0
8.8
8.7
8.3
9.2
7.9

11.3
5.3

5.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

TIME DEPOSITS
ALL COMMERCIAL BANKS

H

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

TOTAL TIME DEPOSITS

NET TIME DEPOSITS*

5

19

JAN

2

16

I

IS 29

12 26

10 24

7 21

S

19

2

16 30

13 27

11

2S

• 22

6 20

S

17 91

FEB

14 26

FEB
1973

1972

14 26

MAR

LATEST DATA PLOTTED WEEK ENDING; JANUARY 31, 1973
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
* NET TIME DEPOSITS ARE DEFINED AS; SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT PLUS TIME
CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN
DENOMINATIONS OF *100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BAMtS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING;
2/2/72

5/31/72

6/28/72

11.0
12.4
12.4
12.5
12.3
12.2
12.4

12.9
12.7
12.8
12.5
T2.3
12.5

8/2/72

8/30/72

10/4/72

12.6
12.2
12.0
12.3

12.2
11.9
12.4

11/1/72 11/29/72

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/28/72
8/ 2/72
8/30/72
10/ 4/72
11/ 1/72
11/29/72
1/ 3/73
1/31/73


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

12.7
12.3
12.8
12.7
12.7
12.6
12.5
12.6

13.8
13.6
13.0
T2.7
T2.9

1 1.4
12.1

12.5

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK PLUS TIME DEPOSITS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
580 c=--- ----- ----

BILLIONS OF DOLLARS
---- ----- ----=1 580

MONEY STOCK PLUS TOTAL TIME DEPOSITS

MONEY STOCK PLUS NET TIME DEPOSITS**

5

19

JAN

2

16

I

13 29

12 26

10 24

T 21

3

19

2

16 30

FEB

13 27

SEP

II

23

8 22

6 20

3

17 31

OCT

14 28

FEB

14 28

MAR

I97Z
LATEST DATA PLOTTED WEEK ENDINGj JANUARY 31, 1973
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
Ml Mt IS DEFINED ASs CURRENCY, DEMAND DEPOSITS PLUS NET TIME DEPOSITS (SEE PAGE 6).

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
COMPOUNDED ANNUAL RATES OF CHANGE. AVERAGE OF FOUR WEEKS ENDING:
2/2/72

5/31/72

6/28/72

10.4
10. 1
10.0
10.2
9.8
10.5
9.7

10.5
10.3
10.4
9.9
10.7
9.7

8/2/72

8/30/72

10/4/72

11/1/72 11Z29/72

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
6/28/72
8/ 2/72
8/30/72
10/ A/72
11/ 1/72
11/29/72
1/ 3/73
1/31/73


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

11.1
11.1
10.9
10.7
10.8
10.5
10.9
10.3

9.6
10.0
9.5
10.6
9.4

10.3
9.5
10.8
9.4

9.4
11.2
9.3

11.3
8.8

9.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

8

CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

5 19

Z

JAN

FEB

16

1

13 29

1Z 26

10 Z4

T Zl

5 19

2

16 30

13 Z7

SEP

II

BILLIONS OF DOLLARS

Z5

« ZZ

6 ZO

3

IT 31

H Z«

FEB

OCT

H ZS

MAR

LATEST DATA PLOTTED WEEK ENDING, JANUARY 31, 1973
CURRENT DATA APPEAR IN THE BOARO OF GOVERNORS* H.6 RELEASE.
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF *100,000 OR MORE BY LARGE
WEEKLY REPORTING COMMERCIAL BANKS.


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

MONEY AND TIME DEPOSIT DATA

1973
3
10
17
24
31
FEB.
7
14
21
28
MAR.
7
14
21
28
JAN.

CERTIFICATES
OF DEPOSIT

BILLIONS
NET TIME
DEPOS1TS m

43.5
44.0
43.9
44.5
45.5

272.0
271.6
272.8
272.9
273.4

mz

m

530.2
526.2
528.5
528.0
527.9

* SEE FOOTNOTE PAGE 6.
SEE FOOTNOTE PAGE 7
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

Revised Data as of 2/1/73
Seasonally Adjusted Averages of Daily Figures
Billions of Dollars

1/71
2/71
3/71
4/71
5/71
6/71
7/71
8/71
9/71
10/71
11/71
12/71
1/72
2/72
3/72
4/72
5/72
6/72
7/72
8/72
9/72
10/72
11/72
12/72

Demand
Deposit
Component
of Money
Stock
$172.4
174.6
176.2
177.5
179.9
181.5
182.6
182.9
183.0
183.5
183.3
183.4
183.3
185.8
187.7
189.1
189.6
190.7
193.1
193.8
194.8
195.9
196.5
198.7

1/5/72 $183.0
1/12
182.8
1/19
183.3
1/26
183.7
2/2
184.4
2/9
185.0
2/16
185.8
2/23
186.6
3/1
186.1
3/8
186.7
3/15
187.9
3/22
188.5
3/29
187.8
4/5
188.9
4/12
188.9
4/19
189.3
4/26
188.9
5/3
189.4
5/10
188.6


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

Monthly Data
Time Deposits
at Commercial
Banks Other
Than Large
CD's
$207.6
212.3
217.2
220.0
222.4
224.3
225.9
227.4
228.8
231.6
234.7
237.9
241.7
244.8
247.5
249.1
251.8
254.2
256.8
259.8
262.0
264.8
267.1
269.6

Weekly Data
$241.4
241.3
241.6
242.3
243.4
243.6
245.2
245.7
246.8
246.7
248.6
247.2
248.1
248.9
248.1
248.9
250.0
251.0
251.4

Certificates
of Deposit
$100,000
or More
$26.5
27.4
28.3
28.2
28.8
29.6
30.4
30.5
31.3
32.1
32.1
33.0
33.2
33.7
33.8
35.2
36.8
37.5
38.3
39.1
39.8
40.0
41.2
43.2

$33.1
33.0
33.1
33.3
33.4
33.5
33.6
34.0
33.9
34.0
33.3
33.6
34.2
34.2
34.8
35.5
35.8
36.0
36.5

5/17/72
5/24
5/31
6/7
6/14
6/21
6/28
7/5
7/12
7/19
7/26
8/2
8/9
8/16
8/23
8/30
9/6
9/13
9/20
9/27
10/4
10/11
10/18
10/25
11/1
11/8
11/15
11/22
11/29
12/6
12/13
12/20
12/27

1/3/73
1/10
1/17
1/24 p
1/31 p

Demand
Deposit
Component
of Money
Stock
$190.4
189.3
189.8
190.7
190.2
191.3
190.5
192.6
193.2
193.4
192.8
193.6
192.9
193.8
193.8
193.9
195.5
194.6
195.1
194.2
195.7
195.5
196.2
195.5
196.7
196.2
197.1
196.6
195.4
197.7
197.2
199.7
199.7

200.8
197.4
198.7
198.1
197.7

Weekly Data
Time Deposits
at Commercial
Banks Other
Than Large
CD's
$251.6
252.3
253.2
253.3
254.3
254.4
254.9
256.3
255.3
256.4
257.2
257.9
258.6
259.4
259.7
260.7
261.3
261.6
262.0
262.5
263.7
264.1
264.8
265.3
265.9
266.3
267.1
267.4
267.8
268.0
268.2
269.4
270.4

Certificate
of Deposit
$100,000
or More

1973
272.0
271.6
272.8
272.9
273.4

p- Preliminary

$36.7
37.0
37.2
37.1
37.4
37.5
37.8
37.8
38. 1
38.4
38.4
38.5
38.7
38.8
39.2
39.8
39.7
40.2
39.7
39.8
39.6
39.8
40.1
40.3
40.1
41.0
40.8
41.4
41.8
42.0
43.0
43.4
43.9

43.5
44.0
43.9
44.5
45.5

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
8.0 --

7.0

6.5

11
1 1

TTT7

7.5

CORPORATE A A BON DS

—

TTTT1

7,5

PERCENT

-- 8.0

7.0
6.5

-

5.5

-

6.0

PR IME COMMERC 1 AL
LO AN RATE

TTTT

6,0

✓
I /
5.0 - f_

V

V

=

I-1

MUNICI PAL
BONDS*
r "\
**- -n

v •J

y.

‘

5.5

—v \
/V" ■**

*

5.0

r1

4.5

-

-

A.5

D1SCC1UNT RATE
E

-

4.0

4.0

<

3.5
THREE- MONTH TREAS URY
BILL MARKET YIELD

3.0

II

3.0

1/ V
1

3.5

1

-

2.5

2.5
's

0

111
7 21
JAN

111 Mil ) 1 1 1 1 1 1 1 1 1 1 1 1
4 l« 9 ir 91 M 21 12 H 9 29
2 21
FEB MAR
APR MAY
JUN
JUL
1972

i

1 1 1 J_LLL -L.il.. 1 1 1 1 1.1 1 111. _LLL MIL
4 19 1 19 29 19 2T 10 24 9 22 9 19 2 16 2 19 90
AUG
SEP
OCT NOV
DEC
JAN
FEB
MAR
1973

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE PEEK ENDINGi FEBRUARY 9, 1973

1973
JAN.

5
12
19
26
FFB.
2
9 #
16
23
MAR.
2
9
16
23
30

CORPORATE
Aaa BONDS

3-MONTH
TREASURY
BILLS

3-5 YEAR
GOVERNMENT
SECURITIES

LONG-TERM
GOVERNMENT
SECURITIES

MUNICIPAL
BONDS me

7. 1 1
7.12
7.15
7.18
7 20
7.21

5. 16
5.19
5.40
5.67
5.70
5.66

6. 16
6.22
6.27
6.36
6.50
6.57

5.72
5.83
5.98
6.08
6. 13
6. 17

5.06
5.03
5.00
5.08
5. 16
N.A.

* AVERAGES OF RATES AVAILABLE.
»* BONO BUYER’S AVERAGF INDEX OF 20 MUNICIPAL BONOS, THURSOAY DATA.
N,A. • NOT AVAILABLE

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

PREPARED BY FEDFRAL RFSFRVE BANK OF ST. LOUIS

0

SELECTED SHORT-TERM

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT

8.0

7.5

7.0

6.5

6.0

5.5
COMMERCIAL PAPER
4-T0-6 MONTH

5.0

4.5

4.0

3.5
FEDERAL FUNDS RATE
3.0

2.5

4

JAN

l«

3

17 31

14 28

12 26

9 23

7 2)

1

FEB

'3 29

13 27

OCT

’0 24

NOV

8 22

3

19

JAN

2

16

2

16 30

CEB

1972
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: FEBRUARY 9, 1973

1973
JAN.

5
>2
19
26
FFB.
2
9 Hr
16
23
MAR.
2
9
16
23
30

"RIME
COMMERCIAL
PAPER
4-6 MONTH

FEDERAL
FUNDS

PRIME
BANKERS’
ACCEPTANCES

90 DAY
CD’S 9BK

5.63
5.63
5.78
5.90
6. 10
6.25

5.75
5.63
5.95
6.23
6.38
6.13

5.38
5.43
5.58
5.80
5.98
6.13

5.60
5.68
5.72
5.83
5.98
6. 15

* AVFRAGES OF RATFS AVAILABLE. FEDERAl. FUNDS LAST FIVE DAYS AVAILABLE
** DATA ARE SECONDARY MARKET RATES, WEEKLY AVERAGES ENDING WEDNESDAY TWO
DAYS EARLIER. CURRFNT DATA APPEAR IN THF BOARD OF GOVERNORS’ H.9 RELEASE.

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

PREPARFD BT FEDERAL RESERVE BANK OF ST. lOU/S

12

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS
1973

IN THE NATION

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

MILLIONS
3
10
17
24
31
7

1751
691
1301
1095
1311
1231

BORROWINGS,

5 19

2

JAN

FEB

16

1

15 29 12 26

10 24

7 21

3

19

2

16 30

13 27

SEP

II

25

8 22

8 20

3 17 31

14 28 14 28

OCT

1972

1973

LATEST DATA PLOTTED WEEK ENDINOi FEBRUARY 7, 1973

BUSINESS LOANS

CCOMMERCIAL AND

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
BILLIONS OF DOLLARS
96
COMPOUNDED ANNUAL RATES OF CHANGE
- AVERAGE OF THE FOUR WEEKS ENDING
JANUARY 31, 1973 FROM THE FOUR
_WEEKS ENDING,
BUSINESS
BUSINESS LOANS
LOANS APJVSTE&
_NOV. 29,
NOV, 1,
OCT. 4.
- AUG. 30,
AUG. 2,
_JUN. 28,
FEB. 2.

1972
1972
1972
1972
1972
1972
1972

22.6

94

23.3

92

20.7
BUSINESS LOANS ADJUSTED 1/

90

88

86
BUSINESS LOANS

BUSINESS

BUSINESS
LOANS

LOANS

APJUSIEO.

84

DEC. 27
82

5 19

2

JAN

FEB

16

1

13 29

12 26

10 24

7 21

5

19

2

16 30

JUN JUL
1972

13 27

SEP

11

OCT

25

8 22

6 20

3

17 31

14 28

FEB
1973

14 28

MAR

LATEST DATA PLOTTED WEEK ENDING, JANUARY 31, 1973
1/ INCLUDES LOANS SOLD OUTRIGHT BY COMMERCIAL BANKS TO OWN SUBSIDIARIES, FOREIGN BRANCHES,
HOLDING COMPANIES, AND OTHER AFFILIATES.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
http://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis