Full text of U.S. Financial Data : Week Ending: May 11, 1977

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ir

Week ending: May 11, 1977

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t-i

Interest rates on most securities averaged somewhat lower
in April than they did in March of this year, as indicated in the table
below. The lower averages of yields in April are evident for both short''V&UB jAji
and long-term securities, with the exception of the Federal funds rate.
_IBF:
Two securities recorded declines of 10 or more basis points — municipal
DEC 2 6 ICTSjfk011**8
3"f> year Treasury securities.
So far in May, the averages of yields on short-term securities
are generally more than 15 basis points higher than the monthly averages
recorded in the first four months of 1977. Averages of currently
available long-term yields, on the other hand, are little changed from
their April averages. The May averages of yields on corporate Aaa bonds
and municipal bonds are still lower than their March averages, while the
May average of yields on long-term Treasury securities is only 3 basis
points higher than its March average.

YIELDS ON SELECTED SECURITIES
(Monthly Averages of Daily Rates)
Jan.
1977

Feb.
1977

March
1977

April
1977

May
1977 *

Short-Term Securities
Federal Funds

4.61%

4.68%

4.69%

4.73%

5.23%

Prime Commercial Paper
(4-6 Month)

4.74

4.82

4.87

4.87

5.08

Prime Bankers’ Acceptances

4.81

4.83

4.80

4.78

5.17

3-Month Treasury Bills

4.62

4.67

4.60

4.54

4.84

1-Year Treasury Bills

5.00

5.16

5.19

5.10

5.37

(

Intermediate-Term Securities
3-5 Year Government
Securities

6.49

6.69

6.72

6.58

6.75

Long-Term Securities
Corporate Aaa Bonds

7.96

8.04

8.10

8.04

8.06

Long-Term Government
Securities**

7.35

7.53

7.57

7.50

7.60

Municipal Bonds***

5.87

5.89

5.91

5.75

5.76

*

Averages of rates available through May 11, 1977.

**

Issues due or callable in ten years or more, excluding issues that
have special Federal estate tax privileges.

*** Thursday data


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

Prepared by Federal Reserve Bank of St. Louis
Released: May 13, 1977

MONETARY BASE

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
136

MILLIONS
134

132

130

128

126

124

122

S

17 31

H 28

12 26

9 23

7 21

1

15 29 13 27

10 24

8 22

DEC -

5

19

JAN

2

16

2

16 30

13 27

11

25

FEB

1976

1977

LATEST DATA PLOTTED WEEK ENDING: MAY 11, 1977
THE MONETARY BASE CONSISTS OF MEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS AND CURRENCY
IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF COMMERCIAL BANKS), ADJUSTED
FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BANKS
WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. THE MAJOR SOURCES OF THE MONETARY BASE ARE
FEDERAL RESERVE CREDIT AND THE GOLD STOCK. DATA ARE COMPUTED BY THIS BANK. A DETAILED DE­
SCRIPTION OF THE SOURCES AND USES OF THE MONETARY BASE IS AVAILABLE AS REPRINT NO. 31 FROM
THE FEDERAL RESERVE BANK OF ST. LOUIS.

MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/12/76

8/11/76 10/13/76 11/10/76

12/8/76

1/12/77

4.7
5.3
6.4
6.7

8. 1
8. 4

2/9/77

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/13/76
11/10/76
12/ 8/76
1/12/77
2/ 9/77
3/ 9/77
4/13/77
5/11/77

2


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

6.8

6.9
7. 1
6.2

6.5
6.6
6.8

6.9

8.4
8.4
6.7
7. 1
7. 1
7.3
7.5

8. 1

5.3
6.2

6.4
6.9
7. 1

4.3
5.8
6. 1
6.7
7.0

PREPARED BY

8.4

8. 1
8.2

FEDERAL. RESERVE SANK OF ST. UJUI3

MULTIPLIER 1/
ADJUSTED FEDERAL RESERVE CREDIT*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

RATIO

MULTIPLIER

RATIO
2.399
2.440
2.44

MAR. 3

2.445
2.430
I 1 I I I I I I
LATEST DATA PLOTTED WEEK ENDING: MAY 4, 1977
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
120

120

— ------ 1------- 1---------r

COMP OUNDED ANNUAL RAT ES
118 -- OF C HANGE, AVERAGE OF
THE FOUR WEEKS ENDING
“ MAY 11. 1977 FROM
THE FOUR WEEKS ENDING
116
9, 1977 10.1
- MAR
9, 1977
8.6
FEB
1 14 -- JAN
12, 1977
8.7
8
,
1976
6.5
_ DEC
10,
1976
6.7
NOV
112
AUG
l l , i yr o
t. o
6.8
_ MAY
12. 1976

1

-

114
AD. USTED F:EDERA L RES ERVE CF EDIT

x/

s/"'

102

V"

V'

.

110

-

V
-

V".

1 977

A

104

r

APf

.

km
MAR

in-

111

1 1 1 .1

APR

MAY

JUN

111

~
112

/s. ■K

106

■'X

-

V
-

116

-

110

108

18

111

JUL AUG
1976

MA'<

MILLIONS

6111,849
13 112 147
20 113,443
27 1121948
4 112^921
11 112,651

—
“

_

1111

1 1 1

111 -LULL 111 J_LL 1 1 1 II 1 1 III 1 LL

SEP

OCT

NOV

DEC

JAN

FEB

MAR
1977

APR

108
106
104
102

MAY

LATEST DATA PLOTTED WEEK ENDING: MAY 11, 1977
1/ RATIO OF MONEY STOCK ( Ml ) / MONETARY BASE.
2/ FEDERAL RESERVE CREDIT CONSISTS OF FEDERAL RESERVE HOLDINGS OF SECURITIES, LOANS, FL0A1
AND OTHER ASSETS. ADJUSTED FEDERAL RESERVE CREDIT IS COMPUTED BY SUBTRACTING TREASURY
DEPOSITS AT FEDERAL RESERVE BANKS FROM THIS SERIES, AND ADJUSTING THE SERIES FOR RE­
SERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BANKS
WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. DATA ARE COMPUTED BY THIS BANK.

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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

3

MONEY STOCK PLUS NET TIME DEPOSITS (M2)
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
770 r=----- 1----- ,--

BILLIONS OF DOLLARS
--------- ----rq 770

ej-LUONS
MAR.

30
761.3
763.0
761.7
764.0
762.6

S 17 31 14 26 12 26
MAR
APR MAY

9 23

7 21

1 IS 29 13 27 10 24 6 22
OCT NOV
DEC

5 19
JAN

2 16
FEB

2 16 30 13 27 11 25
APR MAY

LATEST DATA PLOTTED WEEK ENDING: MAY 4. 1977
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

MONEY STOCK PLUS NET TIME DEPOSITS ( M 2 )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:,
5/5/76
8/4/76 10/6/76 11/3/76 12/1/76
1/5/77
2/2/77
3/2/77
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/
11/
12/
1/
2/
3/
4/
5/

6/76
3/76
1/76
5/77
2/77
2/77
6/77
4/77


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

9.3
10. 1
10. 1
10.6

11.9

10.4
10. 1
10. 1

11.4

12.5
12.9
1 1.7

10.8

10.8

10.7

10.7

10.2

10.8

10.8

1 1.6
12.0

12.2
10.8
10.0
10.0
10.2

11.1

9.9
9.9
10.2

7.5
8.5
9.2

8.7
9.7

10.8

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
330

BILLIONS
315.0
320.3
321.4
321.0
322.8
321.2

— APR

325

320

315

310

305

300

295

3 17 31

M 28 12 26

9 23

7 21

4 18

1

15 29 13 27 10 24

8 22

5 19

2 16

JAN

FEB

1976
LATEST DATA PLOTTED WEEK ENDING: MAY 4, 1977

2 16 30 13 27 11 25

APR

MAY

1977

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELD BY THE NONBANK PUBLIC.

MONEY STOCK (Ml )
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING:
5/5/76
8/4/76 10/6/76 11/3/76 12/1/76
1/5/77
2/2/77
3/2/77
TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/
11/
12/
1/
2/
3/
4/
5/

6/76
3/76
1/76
5/77
2/77
2/77
6/77
4/77


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

4.2
5.2
4.4
5.4
5. 1
4.7
5. 1
6.2

6.8

5.0
6.5
5.8
5.2
5.7
7. 1

5.0
7.5
6.2

5.3
5.9
7.7

5.9
4.7
4.0
5.0
7.2

7.3
5.5
6. 4
8.7

1.9
4.4
7.9

5.5
9.8

13.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT
10.0

9.5

9.0
CORPORATE AM BONDS

8.5

8.0

7.5

PRIME BANK
LOAN RATE

7.0

6.5
MUNICI PAL

COMMERCIAL PAPER

BONDS**

6.0

5.5

5.0

4.5

4.0

5 19

2 16 30 H 26 11 25

9 23

6 20

3 17

1

15 29

12 26

10 24

7 21

4

JAN

FEB

18

4

18

1

IS 29

13 27

MAR

1976
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 13.

1977
MAR.

4
11

18
25
APR.

1
8

15
22

29
MAY

6

13 ***
20

90 DAY
CD'S xim

PRIME
COMMERCIAL
PAPER
4-6 MONTH

PRIME
BANKERS’
ACCEPTANCES

4.88
4.87
4.83
4.80
4.81
4.85
4.84
4.74
4.81
4.94
5.21

4.85
4.85
4.88
4.88
4.88
4.88
4.88
4.85
4.86
4. 98
5. 17

4.83
4.84
4.81
4.79
4.76
4.79
4.76
4.76
4.82
5.06
5.28

1977

CORPORATE
Am BONDS

MUNICIPAL
BONDS men

8.10
8.12

5.92
5.92
5.90
5.88
5.85
5.79
5.70
5.73
5.68
5.76
N. A.

8.09
8.09
8. 10
8. 10
8.05
7.99
8.01

8.04
8.08

27

6

* AVERAGES OF RATES AVAILABLE.
** BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOR THE WEEK ENDING WEDNESDAY TWO DAYS
EARLIER THAN DATES SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.9 RELEASE.
N.A. - NOT AVAILABLE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED SHORT-TERM INTEREST RATES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT

8.0

7.5

3-5 YEAR
GOVERNMENT SECURITIES

7.0

6.5

6.

C

DISCOUNT RATE
5.5
FEDERAL FUNDS RATE
THREE-MONTH TREASURY
BILL MARKET YIELD

5.0

4.5

4.0

5 19

2 16 30 14 28 11

25

9 23

6 20

3 17

1

15 29 12 26 10 24

7 21

4 18

4 18

JAN

FEB

MAR

1

15 29 13 27

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: MAY 13, 1977

1977
MAR.

4
1 1

18
25
APR.
1
8

15
22

29
MAY

6

13 *
20

FEDERAL
FUNDS m-

3-MONTH
TREASURY
BILLS

1-YEAR
TREASURY
BILL

3-5 YEAR
GOVERNMENT
SECURITIES

LONG-TERM
GOVERNMENT
SECURITIES

4.68
4.63
4.62
4.77
4.74
4.60
4.65
4.71
4.82
5.15
5.31

4.66
4.63
4.59
4.57
4.57
4.58
4.55
4.51
4,51
4.75
4.93

5.23
5.22
5.18
5.17
5.15
5.14
5.03
5.04
5.18
5.28
5.45

6.76
6.77
6.71

7.60
7.60
7. 56
7.55
7.56
7.55
7.48
7.45
7.51
7.57
7.62

6.68

6.70
6.70
6.52
6.49
6.59
6.72
6.78

27

* AVERAGES OF RATES AVAILABLE.
** SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN
_»1N THE BOARD OF GOVERNORS' H.9 RELEASE.
"
RATES ON LONu-TERM GOVERNMENT SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.

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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

NET TIME DEPOSITS
ALL

COMMERCIAL BANKS

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
455

BILLIONS

450

439. 1
445
441.6
440.7
441.3

440
435
430
425
420
415
410
405
400
395
390
385
380

3 17 31

14 28 12 26

APR

9 23

7 21

4 18

1

15 29 13 27 10 24

MAY

OCT

8 22

NOV

5 19

2 16

2 16 30 13 27 11 25

JAN

FEB

MAR
1977

1976

APR

MAY

LATEST DATA PLOTTED WEEK ENDING: MAY 4, 1977
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 BANKS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
5/5/76

8/4/76

13.4
14.0
14.8
14.8
14.6
14.2
13.9
13.3

15.9
16.8
16.5
15.8
15.2
14.6
13.7

10/6/76

11/3/76

12/1/76

1/5/77

2/2/77

3/2/77

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/
11/
12/
1/
2/

6/76
3/76
1/76
5/77
2/77
3/ 2/77
4/ 6/77
5/ 4/77

8

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

18.6
17.3
16. 1
15. 1
14.3
13.2

17.2
15.7
14.6
13.8
12.6

13.9
13.0
12.5
11.3

11.6

11.4
10.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

BILLIONS OF DOLLARS
245------ ---------

BILLIONS OF DOLLARS
--------- ----- 245

.BILL | QNS
232. }
238.5
237.8
239.2
237.8

3 17

MAR

31

14 28 12 26

APR

MAY

9 23 7 ?!

JUN

JUL

~4 la

]

AUG

SEP

15 2

2 16

OCT

2

1® 30 13 27

NOV

1976
LATEST DATA PLOTTED WEEK ENDING: MAY 4,

11

23

MAY

1977

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

DEMAND DEPOS T COMPONENT OF MONEY STOCK
- TO THE AVERAGE
OF FOUR WEEKS
ENDING:
10/
11/
12/
1/
2/
3/
4/
5/

6/76
3/76
1/76
5/77
2/77
2/77
6/77
4/77


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

COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS
ENDING:
5/5/76
8/4/76 10/6/76 11/3/76 12/1/76
1/5/77
2/2/77
3/2/77

3.0
4.5
3.3
4.6
4.0
3.6
4. 1
5.5

6.7
4. 1
5.9
4.9
4.2
4.7
6.6

4.3
7.4
5.4
4. 3
5.0
7.5

4.8
3.2
2.3
3.6

4
4. 2
5.4

6.6

8.6

6.

-0. 6
?. ft
7.5

4 A
10.2

15.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
78 ------ ----- ---

3 17 31

14 28 12 26

APR

MAY

9 23

7 21

4 18

JUL

AUG

BILLIONS OF DOLLARS
----- ----- ----- 78

JAN

APR

FEB

MAY

1977
LATEST DATA PLOTTED WEEK ENDING: MAY 4, 1977
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 8100,000 OR MORE BY LARGE
WEEKLY REPORTING COMMERCIAL BANKS.

CERTIFICATES CERTIFICATES
OF DEPOSIT
OF DEPOSIT
NOT SEAS. ADJ. SEAS. ADJ.

1977
MAR.

APR.

2
9
16
23
30
6

13
20

MAY

27
4

60.3
60.5
60.5
60.8
61.6
61.4
60.4
59.6
59.3
59.5

62.7
62.4
62.0
61.8
62.5
62.4
61.6
61.3
61.2
61.3

1 1

18
25

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

10


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

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS

IN THE NATION

AVERAGES OF DAILY FIGURES

BILLIONS OF DOLLARS
1.5 ------ ----- --

BILLIONS OF DOLLARS
---- 1-----1----- 1.5
1977

MILLIONS

APR.

S 17 31

MAR

13 28 12 26

APR

MAY

9 23

JUN

7 21

4 18

1

JUL

AUG

SEP

15 29 13 27 10 24

OCT

NOV

8 22

DEC

5 19

2 16

JAN

FEB

1976

65

6

2 16 30 13 27 )' 25

MAR

APR

MAY

1977

LATEST DATA PLOTTED WEEK ENOING: MAY 11,

1977

BUSINESS LOANS

( COMMERCIAL AND INDUSTRIAL)

BILLIONS OF DOLLARS
124

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

■" '

BILLIONS OF DOLLARS
124

-

-

122

—

122

-

-

120
1

18

116

120
—'1^
— N.

—

118
_

-

1 16

\
-

114

114
—

112

112
-

-

110

110
-

-

108

108
-

106

102

-

98
96

106

_ COMP OUNDED ANNUAL RATE:S
OF C HANGE, AVERAGE OF
— THE FOUR WEEKS ENDING
— MAY 4,
1977 FROM
— THE FOUR WEEKS ENDING
MAR.
— FEB
- JAN.
— DEC.
NOV.
" AUG.
~

100

_

WA T

2, 1977
2, 1977
5, 1977
1, 1976
3, 1976
4, 1976

1.0
5.6
3.6
2.6
4.4
6.0

O,

0.0

1

57/

O

!lllll 1 1 1 1 1 1 1 1 1 1 MINI

-

104

1 Q7"

1 1 1

JJ 1 1

1 1 1

1 1 1

-LLL.1

SEP

OCT

NOV

DEC

8 22

MAR

APR

MAY

JUN

JUL AUG
1976

LATEST DATA PLOTTED WEEK ENDING: MAY 4,


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

ki

ii 1

MAR 30
APR. 6
13
20
27
MAY
4
1 1
1 1 1 JJJJ
5 19

2 16

JAN

FEB

1

in klC

117,008
117,514
117,182
116,871
116,979
117,014
1

1

1

102

_
~

—

.................................'

2 16 30 13 27 11 25

MAR
1977

APR

98

~

MAY

1977

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

96

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

MEMBER BANK DEPOSITS
SUBJECT TO RESERVE REQUIREMENTS
(CREDIT PROXY )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
580

COMPOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF THE FOUR WEEKS ENDING
MAY 4, 1977 FROM THE FOUR
WEEKS ENDING:
CREDIT
CREDIT
PROXY

■Ebqxy-

570

A&jysia;

560

550
1976

CREDIT PROXY ADJUSTED 1/
540

530

=

520

BILL LQNS.
CREDIT
PROXY

CREDIT PROXY
CREDIT
■fRQXY-

MAR.
APR.

3

17 31

14 28

12 26

9 23

7 21

1

15 29 13 27

10 24

6 22

JUL
AUG
1976
LATEST DATA PLOTTED WEEK ENDING: MAY 4,

ADJUSTED

533.7
539.3
539.3
540.0
537.8
537.3

5

19

2

16

2

541.1
546.7
547.1
547.9
545.6
544.5

16 30 13 27

500

11

25

1977
1977

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.
1/ INCLUDES MEMBER BANK DEPOSITS, BANK-RELATED COMMERCIAL PAPER. EURODOLLAR BORROWINGS OF
U.S. BANKS, AND CERTAIN OTHER N0NDEP03IT SOURCES.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS