Full text of U.S. Financial Data : Week Ending June 7, 1967

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

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.WeekFinnncmL
ending June 7, 1967 data_

WTzFi

library

MEMBER BANK RESERVES

(Pages 2, 3 and 12)

MONEY STOCK

(Continued)

Total reserves of member banks averaged
$23.5 billion in the four weeks ending June 7> up at
a 7 per cent annual rate since late February. These
reserves increased at a 3*8 per cent average rate
from i960 to I96J+ and at a 4.5 per cent rate from
1964 to 1966.

per cent rate since February and at a 6 per cent
rate since November. From i960 to 1964, money
increased at a 2.6 per cent trend rate; from 1964
to 1966 the average rate of expansion accelerated
to 4.2 per cent per year.

Reserves available for private demand deosits averaged $16.1 billion in the latest four
weeks, up at a 10 per cent rate since late February
and at a 7 per cent rate since late November. This
measure, which is total reserves less reserves needed
for Government, time and interbank deposits, rose at
a 1.6 per cent average rate from i960 to 1964 and at
a 2.7 per cent rate from 1964 to 1966.

MEMBER BANK BORROWINGS

MONEY STOCK

(Pages 4, 5, and 12)

(Pages 8 and 12)

Member bank borrowings from Federal Reserve
banks averaged $90 million in the biweekly settlement
period ending June 7, about the same as in the two
preceding biweekly periods. These borrowings averaged
$361 million in February and $6ll million last November.
Factors contributing to the decline in borrowings in­
cluded: lower rates on alternative sources of short-term
financing relative to the discount rate (Pages 10, 11,
and 14) and more rapid growth in Federal Reserve
holdings of Government securities (Page 2).

Private demand deposits averaged $135.1
billion in the four weeks ending May 31> up at a 10
per cent rate since February and at a 6 per cent rate
since November. (The reliability of these figures
may be limited by a shifting seasonal pattern.) Total
|boney stock, which includes currency held by the public
in addition to private demand deposits, averaged $174.3
billion in the four weeks ending May 31, up at an 8.7

Rates of change reported in this release are
intended to serve as aids for analyzing recent
developments. Longer periods of time than
covered here are generally required to identify

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

Prepared by Federal Reserve Bank of St. Louis
Released- June 9 1967

FEDERAL RESERVE CREDIT [1
Weekly Averages of Dally Figures
Seasonally Adjusted by this Bank
Billions of Dollars
I I I I I I I I I I I I I I I I I I
-Annual rates of change of Federal Reserve Credit
adjusted for reserve requirements changes
averages of four weeks ending June J, 1967
from four weeks ending:
Mar. 8, 1967
r/jL.c
Dec. 7, 1966
*-/<,. z.
Sept. 7> 1966
+//.x~
June 8, 1966
y- /. f

2

[2

Billions of Dollars

Federal Reserve Credit Adjusted
for Reserve Requirement

Federal Reserv

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

Latest data preliminary
Latest data plotted week ending: June J, 1967
I. I I LI I ! I I II,!
12 26 2 16
30 7 lb
28 1+ 18 25 1
15 22 1
Jan.
Nov.

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

Data beginning March 2, adjusted
for the effect of the changes in
reserve requirements.
1/ Federal Reserve Credit excluding float and a few minor items
Seasonal adjustment for Federal Reserve Holdings
computed by this bank using data ending December 1965;
Borrowings from Federal Reserve not seasonally adjusted.
Unadjusted data appear in Board's H.4.1 release.
15
29 5
Mar.

14
28 5
June

%

Prepared by Federal Reserve Bank of1 St. Louis

RESERVES
All Member Banks
Billions of Dollars
Billions of Dollars
24.5
--1/ Data prior to March 16, 1967 adjusted for
estimated effect of reserve requirement changes
_ and do not correspond with monthly series which
adjusts data to reserve requirements in effect
'" from September 1966 to March 1967.

bank using data ending December 1965.
Unadjusted data appear in the Board's H.4.1
" release.
—I- -1 I I I I I I i I I I I 1 [ I I
—
TOTAL RESERVES
________
_Annual rates of changef average of
four weeks ending June 7, 1967
from four weeks ending:
--------Mar. 8, 1967
/■ 7./
--------Dec. 7, 1966
+ tz.o
-------_Sept. 7, 1966
r
+ 7,0
________
Total 1/

reserves available for

Reserves Available for
Private Demand Deposits

PRIVATE DEMAND DEPOSITS
Annual rates of changey average of
four weeks ending June 7, 1967
from four weeks ending:
Mar. 8, 1967
y- /o.o
June 8. 1966

26 2

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

16

18 25 1

15 22 1

Latest data preliminary
Latest data plotted week ending: Jiuie 7» 19^7
~"i > — 1 I , 1 I ..j | l | I ; L. 1 1 . ■ ■ , ■
29 5 12 26 3 17
31 7 14
28 5 12 26 2
30 6 13
•
Apr.
May
June
July
Sept.
1967
Prepared by Federal Reserve Bank of St. Louis

4

DEMAND DEPOSIT COMPONENT OF U.S. MONEY STOCK *
Averages of Daily Figures

Billions of Dollars
_Annual rates oi cnange, average oi
_ four weeks ending May 31> 19^7
from four weeks ending:
“Mar. 1, 1967
+ ?7
-Nov. 30, 1966
_ June

Billions of Dollars

seasonally Aa|usTea

1, 1966

May i960 - May 1966

13-week centered
movii
average

Weekly-

* Current data appear in the Board's H.6 release. Back
data appear in the September 1966 Federal Reserve Bulletin
For trend of demand deposits by months see this bank's
monthly release entitled "Monetary Trends".
-

Latest data preliminary
6 13

27 3


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

17

31

7 14 28 5 12 26
Oct.
Sept.

2

16 30 7 i4
Nov.

28 4

18 25 1

15 22 1

1,1
15 L-i
29 51

12

26

3

17

31 7 14
June

Prepared by Federal Reserve Bank of St. Louis

5

MONEY STOCK*

Billions of Dollars

Billions of Dollars
. Annual rates of change, average of
. four weeks ending May 31 > 1967
from four weeks ending:

- June

Seasonally Adjusted

1, 1966

May i960 - May 1966

13-week centered
moving average

Weekly

* Current data appear in the Board's H.6 release. Back
'
data appear in the September 1966 Federal Reserve Bulletin
For trend of money supply by months see this bank's
.
monthly release entitled "Monetary Trends".

165-Latest data preliminary
.Latest data plotted week ending: May 31, I967

27 3

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

17

rji2

16

30 T
Jan.

Feb.

Mar.

Anr.

May

1967
Prepared by Federal Reserve Bank of St

Louis

June

CERTIFICATES OF DEPOSIT li
Large Commercial Banks

6
Billions of Dollars

Billions of Dollars
~ Annual rates of change, seasonal 1 y unadjusted
— data, average of four weeks ending May 31, 1967
— frcm four weeks ending:

21.0

20.0

— May 1964 - May 1966

-+ z$.z

Current and year ago data appear in the
1/

Latest data preliminary
20 27 3 10 24 31 7

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

21 28 5 12

26 2

16

30 7 14

28 4 11

25 1 8

Negotiable time certificates of deposit
19 26 3

Prepared by Federal Reserve Bank of St. Louis

TIME DEPOSITS*

AM Commercial Banks

7

Weekly Averages of Daily Figures

Billions of Dollars

Billions of Dollars

Seasonally Adjusted

—Annual rates of change, average

a_-ty/

from four weeks ending:

— June 1, 1966

—

m

ft-.s', a- _

AA
■Z?
aJS
/A
n
16
ti
/»

A /0. (,

n

jo-

3!

Latest data preliminary
Latest data plotted week ending: May 31> 19^7


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

18 25 1

15 22 1

/C3.f

■f
/66.0
/ooS

~

/67 0
/67V
/4? 7
/U.0
/if.C

—
_
~
—

//*?.is -

JC1.S _
nc

* Current data appear in the Board's H.6 release. Back
data appear in the September 1966 Federal Reserve Bulletin."
For trend of time deposits by months see this bank'3
- monthly release entitled "Monetary Trends".
S
29 5 12

26 3

17

31 7 Ik

28 5 12

26 2

Prepared by Federal Reserve Bank of St. Louis

172

BORROWINGS AND EXCESS RESERVES
All Member Banks in the Nation
Millions of Dollars
1100_______ ________

Millions of Dollars

1000

Millions of Dollars
Excess Reserves

1000

Biwe

Weekly
Biweekly Settlement Periods

Borrowings
Excess Reserves

Biweekly Settlement Periods

Net Free Reserves

reekly

Borrowings

Bet Free Reserves

-100

-100

reekly

Biweekly Settlement Periods

•284-

Veekly

9

23
Nov.


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

12

Dec.

Jan.

26

21

5

June
Prepared by Federal Reserve Bank of St. Louis

Bin ons of Dollars
--- 1--- 1--- 1--- 1--- 1-1--- 1--- 1--- 1--- 1 ! I--- 1--- 1--Annual rates of change, average of
67
four weeks ending May 31, 1967
from four weeks ending:
66 Mar.
1, 1967
+7.o
Nov. 30, 1966
f?.J
65
Aug. 31# 1966
June 1. 1966
-+'0-7
64

BUSINESS LOANS
Large Commercial Banks
Wednesday Figures

Billions of Do3

Seasonally Adjusted by this Bank
j

r
jvor esrimanes or Dusiness roans or a-UL commercial
rtf'

TI. R - TTnnnrmrf n Ttat.n n .

63
■ .? ±_
62

60
59
58
57
56
55

#
53
52
51
0

Current and year ago unadjusted data appear in
Seasonal adjustmen t
computed by this bank using 1958 through July
Q£1i
l"i- I n I I I I I I I I i I I I I r I

1ihe Board s H.4.2 release.

Late:3t data DI•elim]marv
Latest data plotted: May 31 > 1967
1 1 1
July


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

Aug.

Sept.

1966

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

June
Apr.
May
1967
Prepared by Federal Reserve Bank of St. Louis

YIELDS ON SELECTED SECURITIES
Per Cent

Per Cent

Corporate
Aaa Bonds

Long-Term
Government Bonds

Discount Rate

Three-Month TreasuryBill Market Yield

Latest data plotted are averages of rates available for the week ending: June 9, 1967


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

18 5 2

30 6 13

27 3

17 24 3

17

31 7

14

28 5 12

2i

28 4

18 25 1

June
1966

1967
Prepared by Federal Reserve Bank of St. Louis

Cent

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

Per Cent

Prime Commercial Paper
4-to-6 Month

Discount Rate

Prime Bankers’
Acceptances

A

-o

u>

“Federal Funds Rate

Latest data
1 1 i i 1
7 14 28 4
Oct.


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

plotted are averages of rates available for the week ending: June 9, 1967
-­
1 1 1 1 1 1 [» 1 1 1
. . . . . . . . . . . . . . . . . . . . . 1 1 1 i 1 1 1 1 1. 1 1 1 1 1 1 1 1 1 t 1 1 1
18 25 2
1630613
273 17 24 3
17
31 7 1^ 28 5 12 26 2
16 30 7 l1* 28 4
18 25 1
15
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July1966
1967
Prepared by Federal Reserve Bank of St. Louis

MEMBER BANK
AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
RESERVES
AVAILABLE
WEEK
FOR PRIVATE
ENDING DEMAND DEPOSITS

79(c7*/
(/
________ IL

/Sif__

________ UL
________ 2L
Mr (
_________ £

1/
TOTAL
RESERVES

12
AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
MILLIONS OF DOLLARS
EXCESS
RESERVES BORROWINGS

FREE
RESERVES

MONEY STOCK
'
AVERAGES OF DAILY FIGURES
WEEK ENDING WEDNESDAY
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS

39S

S/.S

-no

/7O.P

23-01

U27

SfS

y 92

n 0.2

/S.3J

J.3../S

/2S

2/7

- 92.

/70-3

■ S.S7

23. OX.

sy <f>

S3#

/L t. 9

/s. 9S

23.02

3/0

77L

- lx
ul/

/S./S

23-CP

zn

3'S3

-(,</

7l9, (.

/S-St___

23.0 7

________ LL __ PS. 92__

2.3.2S

/S

tf.il___

/S.PP

___/

JP __ as: 77___

2,2

VST,

- .5*

//. 9.9

sn

V77

9/07*

n/.f

3 2.31

/Si

7k7

- r

77/.0

33.23

3S9

202,

+ /S7

/72.0

2/9?
PX/pS

n.3./

- /Sf?__

23/2

372,

nz

IX .-IL9&__

23-73

SU

302,

________23- /s.n___
_ iln>. S -L6C/___
t“
7JL /set

__ 33. LS

its

/AS

________

_______

33. 7/

773.0

+300

17J. t,

L/7S

770.8

__ 23. UP__

*7 71
Ai u

Jf.lo

33- k/
23,79

ns
3?

.391

23-iS

3CSl

/jy

_______ ^

/s.93

33.9^

323

________ ZL

/6. /V
/b.Z3 P

23.‘PS

37/___

23-LPP

336,/

p -

'h ?!

-/sT n___

23,5L,

'■>

7J70>
/4<

________ CL

<T

ns. 7

22C

/s.//
/<r,n

preliminary

11 Data prior

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

ul

P

773.1

A Zsn
j. zL 7

Z3.44

2k

/<et. 7

/73,V

172.2

/Si 3

-PS19
i~SC3

\T 6

+ S73

/ 7P. 7
7 7P.8

/ 0 2,

fW

ns./ p

77

773 £

t277f P

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

to March 16, 1967 adjusted for estimated effect of reserve requirement changes.
f

BUSINESS LOANS
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
MILLIONS OF DOLLARS

WEDNESDAY FIGURES
MILLIONS OF DOLLARS

SEASONALLY

SEASONALLY

/2&ZSLLA 58 C3<0 58571 /96/a^i
58, 13 A- .. 58,7 V
//
J<s sx 8/4
51AAJ
18
59340
______ 42 -JLW3
cZS
59 008
1*5 /
59544
51 C4o ______ l_
5 3 984
/5
______ LL s89o5 ... 51,90°

______ 22
______ 1L . 5xj5x<

__ AlkA-I. .
W,
r . >rf 6/9
______ Lt
x/ 5132X______ ll 5%31?
5U>u
/j- 51568

__

/? s%s?4
______24 51 483
__ gl
_______2_ si. 7^6
______ LL
43 r%i3j
______ JL
Qav 7

*


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

/9C1 (jam. 4 !5 9X0
____ U_ Ho 42 (0

// Z 72.
It 2U5

/X /7 0)34
25 Jf/56
/ It, /At
/ n soi

51 ?Jl O
Co 4X1

60,115

CO. 7SC
10.93/

ZO

0/. 03TJL,
l /. 60C,

flan. 9

60.33 f

60*5/
60.3/3

60, 909__ C/3/6
Cf, 01 h
<*/. 4a5
C/542.

bl.7/1
c/.s//

27

UUJ^ /X 24!
___ UL 1X3X5
/1 It. 55/
gf /X 53 g
31

/X /Cl

7

/V 9X4

--- --------1—
/4
z\
_J±
(Orl
S

/5 /P 90/

n. tX9

22

5/4-7a

59394

C/, C/o
£4371

//», 1CP
Up 672
LL JL 6/2
H 15.94/

62. SI 5

26 /5.X 9/

______ /L
51,4 06
/9
51,593 _____ 24
51938 ___\u4 3
7
5% in
/o
59 59L
n
51,5/1
3/

6/,79 5

(*2,911

(,/ C5o

(,3315
45 C93

CA.706

LA/85

64.3/0

/19
CX.XC/
L/,0+X CZ./LK
C/X44 f 02,3+3 P

5% 470
51779

SI. 90 A-

in coverage beginning December 28, 1966.

r\oi.

z 15,111
<? 15.121

Ho /S 535
23 IS, 501

Ac.

--U-f-----<---

/5 // 41/
22 It,55/
Hh*. ) >1.5/7
_L It, 994

J7S CXn

______ ^2 & /. 9CJL
5955/
OfjS U 817

59 633

/4 602-43
A! cn 9iy >
31 M 590

H/.L (Ll C
1 K, t a t n
/1,339

CO XII
lo 9/X-

514/3- _____ ZX-. C0,je>4
h)nnA
58.84f>
LOt7^0
S8 813
t C0fCS
58 l3(o ______ /5 (olILL
7
5%3 0j

51913-

13

LARGE CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS

/5.4L>2
/5, 415
Ht /S 32/

7

Li /S 426
__ * zx /5, 69L

Hs/H

21 /9 219

Gfj,

5 /9 2JC

/z /4./4L
19 JXHo/9
ZC n sn
?T)<2H 3 Jt.CM
^To
/r.u4
/I // 715
z4 /X 9/5
3/ 11. 07/ P

*

SELECTED YIELDS
YIELDS ON U. S. GOVT. SECURITIES
LONG-TERM
WEEK
ENDING

c yfad
3-5 YEAR
t

3-MONTH
TREAS. BILL

PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES
WEEK ENDING FRIDAY

mi W (, ___¥. ¥(.___ __ YU,___ YSo
(/
YJ>/
—______ i± ___ ¥ ¥q___ __ f. 7(.
xo __ ¥31___ _ Y(3___ .__Y7/
y.c,/
_______ 22.
__
___ t'eJr S __ ¥32___ __ y.6,y___
Y/3
?■¥/
/o
Y-7L
_______ LL __ ¥31___
_______ Alt y.ss
Y./O

__ y.s?___ __ Y-7o
_______ 73 __ m___ __ Y.A/___
Y30
_______ ZZ_ V ¥2,
_______ HL y yj.
YY3

__ s

______ S3 __ y. ys
(JX
y.yy
/ aJ 7
Y-YS
________

X! __ ys?___
ir
Y. 6,2.
k<M s
A.(.7
<r
/XV. 73
n
Y 71
Y/3
irr" ^

Y.V2V.3L
Y 39
y-Yf
Y-Sl
y.cz.
y.t>7
Y./3
Yli

ysy

Yu
YU
YY7
Y37
yjf
Y/Y
y/3
133
3./Y
3X2,__
3. 72,
3.727,
2/3'

3.3?
3 SO

y.7V

YLL

3 V3

y

YU

3.37

•AVERAGES OF RATES AVAILABLE


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

Y2.
y-y?

PRIME
COMMERCIAL
LARGE
PRIME
PAPER
CORPORATE
r*rt«
BANKERS
90 DAT
Aao
4-6-MONTH ACCEPTANCES CD'S**
PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES
FRIDAY
Figures
WEEK ENDING FRIDAY

3.2/
3.32.
S./S
3.0/
3.02.
s. oo
S. 0/
3.OS'
S.//
3./2.
S./S
S./3
S. '2.
S- //
3./2.
3, //
s.//
S/6,
3.7?
. <r.JL
33/
3.3L
S'. 3U

7*. CO
s.ry
s.or
s.ss
s. YO
3-3/
sir
S3S
33/
S.3S
S2S
s./c,
S./0
S.co
YSo
Y7S
V. 73
¥73
¥- 70

y.63
V. 6 3
¥L3
?■ u3

SOURCE: SALOMON BROTHERS AND HUTZLER
SECONDARY MARKET RATE ON 90-DAY PRIME CD’S

S.So
S.Y2
St S
S.o.3
Y 7/
Y 73
Y.?Y
S.oo
¥.92
Yfi
y 70
yS3

Y-VS
y,3P.
Y-jf
YjS
V. 23
V.J/S
y-ss
Y.23
Y 23
YsS
y.xs

S.7o
3 to
SY3
S-JS
323
SxS
S.2S
323
S./S
3/0
¥93
'/SO
3So
Y.2S
y.io

14
FEDERAL FUNDS
PER CENT PER ANNUM
AVERAGES OF DAILY FIGURES

3 J/
3./O
y fo
V 7a
Y.jS
3.Jo
S./9
S06
Y.SO
¥ 70
YSS
y73
y./s
Y.YJ
330

¥36
Y 33
y.so
v- y3
Y-Y3

3 9o
¥oo
Y.O>3

¥30

3 90

V YO

S?¥

J 73
¥.03

3. ?3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS