Full text of U.S. Financial Data : Week Ending: November 10, 1976

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u.

Week ending: November 10, 1976

LIBRARY
DEC 2 S 1979

Over the past year the grcwth of net time deposits at
coirmercial banks has been relatively rapid, compared to the
growth of other bank liabilities: demand deposits and large
certificates of deposit (CDs). Net time deposits* have increased
14.8 percent while demand deposits increased 4.3 oercent and
large CDs decreased about 24 percent.
.
One factor in the growth of net time deposits is that
interest rates on savings deposits and snail-denomination tine
deposits have remained near the maximum allowable rates at most
banks during the first part of 1976. According to a recently
published survey by the FDIC and Federal Reserve System (Federal
Reserve Bulletin, October 1976), 89 percent of all banks insured
by the FDIC paid the maximum allowable rate on savings deposits
(5 percent) as of April 30, 1976. This represented 87 percent of
all savings deposits. For all categories of snail-denomination
time deposits except one, over 90 percent of the banks surveyed
paid the ceiling rate, and in each case this represented over 9 0
percent of those time deposits. In the case of the one exception
(4-6 year time deposits in denominations of less than $100,000),
83 percent of the banks surveyed paid the ceiling rate (7.25
percent), representing about 89 percent of the deposits in this
category.
.
While.interest rates on net time deposits have generally
remained at their ceilings, interest rates on Treasury securities
have fallen over the past year. In mid-January 1976, the
interest rate on 3-month Treasury bills fell below the 5 percent
interest rate ceiling on savings deposits and, with the exception
of one week in March, did not rise above this level until early
May. Since then the yield on 3-month Treasury bills has
generally been below 5.50 percent, and in October it again fell
below 5 percent. Interest rates on other short- and
intermediate-term Treasury securities have also been close to or
below interest rates on time deposits of comparable maturities,
thereby encouraging the growth of net time deposits.
With net time deposits maintaining a strong rate of
growth and with business loan demand at commercial banks
declining over most of 1976, banks have not aggressivelv sought
other sources of funds with which to make loans. As a result,
interest rates paid on large CDs have declined about 120 basis
points over the past year, and large CDs have declined about $20
billion.

Includes all savings and time deposits other than negotiable
time certificates of deposit over $100,000 at large, weekly
reporting commercial banks.


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

Prepared by Federal Reserve Bank of St. Louis
Released: November 12, 1976

MONETARY BASE

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

130

MILLIONS
128

126

124

122

120

118

3 17

1

15 29 12 20 10 24

7 21

4 16

JAN

FEB

3 17 31

14 20 12

APR

0 23

MAY

1975

7 21

4 13

JUL

AUG

1

15 29 13 27 10 24

1976

LATEST OATA PLOTTED WEEK ENDINGi NOVEMBER 10, 1976
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. OATA 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 ENDINGi
11/12/75

2/11/76

4/7/76

5/12/76

6/9/76

7/7/76

8/11/76

9/8/76

7.8
8.1
7.8
8.1
7.1
7.5
7.4
7.3

11.4
10.1
10.2
8.2
8.7
8.3
8.2

7.8
8.7
6.2
7.2
/. 0
7.0

8.3
5.0
6.6
6.5
6.6

4.6
6.8
6.6
6.7

5.2
5.5
5.9

8.6
8.2

6.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/ 7/76
5/12/76
6/ 9/76
7/ 7/76
8/11/76
9/ 8/76
10/13/76
11/10/76

2

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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MULTIPLIER^
ADJUSTED FEDERAL RESERVE CRED I T 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

ratio

MULTIPLIER

ISIS.

BATIQ.

I I 1 I I I
LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 3, 1978

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

ne r-------- 1------------1—

-------- ---------------------

ns

COMPOUNDED ANNUAL RATES
— OF CHANCE, AVERAGE OF
THE FOUR *EEKS ENDING
~ NOVEMBER 10, 1978 FROM
—„ THE FOUR WEfeKS ENDING*
—

SEP.
AUG.
—JUL.
_ JUN.
MAY

8, 1976
11, 1976
7, 1976
9, 1976

12

— FEB. 11
_ NOV. 12

-------

7.0
8.5
5.6
7.2
ADJUSTED FEDERAL RESERVE CREDIT

1976

J976

3 17

1 13 29 12 28 10 24

7 21

4 18

3 17 31 14 28 12 28
APR
MAY

8 23

7 21

4 18

JUL

AUG

1

MILLIONS —

IS 29 13 27 10 24

OCT

NOV

1976
LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 10, 1976
1/ RATIO OF MONEY STOCK (Ml 1 / MONETARY BASE.
2/ FEDERAL RESERVE CREDIT CONSISTS OF FEDERAL RESERVE HOLDINGS OF SECURITIES 1
FLOAT
AND OTHER ASSETS. ADJUSTED FEDERAL RESERVE CREDIT IS COMPUTED BY SUBTRACTt NCT&ASURY
DEPOSITS AT FEDERAL RESERVE BANKS FROM THIS SERIES. AlCADJUST INC THESERIES FORREr9ERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE &AME 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

BILLIONS OF DOLLARS
-------- -------------------za 735

735 r=------1---------- 1—
1976
SEP.

29

BILLIONS
723.8
725.7
724.4
729.3

3 17
SEP

1 13 29 J2 26 10 24
OCT
NOV
DEC
1975

7 21
JAN

4 19
FEB

MAR

APR

MAY

J
i!

JUL

OCT

AUG

NOV

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 3, 1976
CURRENT DATA ATPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.

<#$ sf*

ii t ft*

a

MONEY STOCK PLIJS NET TIME DEPOSITS (M2)
■Mi'
■
,
COMPOUNDEDi ANNUAL RATES OF CHANGE,, AVERAGE OF FOUR WEEKS ENDING:
9/1/76
6/4/76
6/2/76 6/30/76
5/5/76
2/4/76 5/31/76
i $Mgi§r 11/5/75
TO►THE AVERAGE
OFm r*s
, •*/; f
il'
,£
10.3
\ i
'4 i
3/31/76
& V
12.8
11.2
$ 5
5/ 5/76
12.2
11.8
10.8
6/ 2/76
§ ni
* s
B. 5
9.7
10.4
10.0
$ _J[
6/30/76
8«5
8*5
10.3
10.7
10.3
8/ 4/76
10.9
8.8
8.8
10.2
10.5
10.2
9/ 1/76
11.1
10.7
9.6
9.4
10.4
10.7
10.4
10/ 6/76
13« 1
12.0
12.0
10.6
10.2
11.0
11.1
10.7
11/ 3/76

i

4


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

315 --------- 1----------- .----

------- --------- ---------

315

BILLIONS
304.8
310.0
310.8
308.7
310.6

JAN

4 1«

FEB

APR

MAY

JUL

AUG

I 15 2» 13 27 10 24
OCT
NOV

LATEST DATA PLOTTED WEEK ENDINGt NOVEMBER 3, 1976
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AND COIN HELD BY THE NONBANK PUBLIC,

MONEY STOCK (Mi )
COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDINGi
11/5/75
2/4/76 3/31/76
5/5/76
6/2/76 6/30/76
8/4/76
9/1/76
TO THE AVERAGE
OF FOUR WEEKS
END INGt
3/31/76
5/ 5/76
6/ 2/76
6/30/76
8/ 4/76
9/ 1/78
10/ 6/76
11/ 3/76


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

4.0
6.4

6.2
5.0
5.4
5.4
5.2
5.7

10.9
9.3
6.8
7.0
6.9
6.3
6.8

11.3

6.7
7.0
6.8
6.1
6.8

0.6
3.3
3.9
3.7
4.9

2.9
3.7
3.6

5.0

6.9
5.5
6.8

4.2
6.4

6.8

N*

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

YIELDS ON SELECTED SECUR+T IES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT

10.0

9.5

9.0
CORPORATE AAA BONDS
8.5

8.0

7.5

PRIME BANK
LOAN RATE

MUNICIPAL
BONDS**

7.0

n.—/

6.5
COMMERCIAL PAPER

6.0

5.5

5.0

4.5

4.0

5 10

3 17 51 14 20 12 26
NOV
DEC

S 23

6 20
FEB

5 18
MAR

2 16 30 14 26 11 25
MAY
JUN

0 29

6 20
AUG

? 17
SEP

1 15 20 12 29

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING* NOVEMBER 12, 1976

1976
SEP.

OCT.

NOV.

3
10
17
24
1
8
15
22
29
5
12 X
19
26

90 DAY
CD'S me*

PRIME
COMMERCIAL
PAPER
4-6 MONTH

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

MUNICIPAL
BONDSWK

5.33
5,34
5.35
5.28
5.33
5.28
5.17
5.04
5.08
5.08
5.10

5.45
5.50
5.50
5.38
5.38
5.38
5.22
5.13
5.13
5.13
5.13

5.28
5.31
5.30
5.26
5.25
5.22
5.05
4.93
5.01
4.98
5.02

8.41
8.38
8.39
8.36
8.37
8.33
8.31
8.31
8.33
8.31
8.30

6.52
6.52
6.50
6.52
6.47
6.33
6.25
6.30
6.33
6.34
N.A.

**ABONO^BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
*16* SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOfl THE WEEK ENDING WEDNESDAY TWODAYS
EARLIER THAN DATES SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.

6

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
•7.5 -----

PERCENT
----- 7.5

-

-

7.0

7.0

M il

E.5

6.5
—

-

6.0

6.0
-

—

01 see UNT RATE
—

5.5

5.5

THRIEE-MOFITH TR EASURY
BILl. MARK'et yi !ld
-

V

El,

5.0

-

5.0

FEDEF AL FU NDS RAT E

4.5

1

1

1

1

1

1

I

1

4.5

4.0

0

4.0

sl 11
5 19
SEP

111 1

1 1 1

1 1 1

.1 111 -LI 1

3 17 31 14 21 12 26 9 23 6 20
OCT
NOV DEC
JAN
FEB
1975

1 1 1
5 19
MAR

1 1 1 1

1 1 1

1 1 1

1111 -H l. JJ_L .1111

2 16 SO M a 11 25 9 23
APR
MAY
JUN
JUL
1976

6 20 3 17
AUG SEP

$

1-1-1,

1 15 29 12 28
OCT
NOV

0

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi NOVEMBER 12, 1876

1976
SEP.

OCT.

NOV.

3
10
17
24
1
8
15
22
29
5
12 *
19
26

FEDERAL
FUNDS KB***
5.28
5.25
5.22
5.21
5.32
5.17
5.02
4.97
4.99
5.06
4.98

3-MONTH
TREASURY
BILLS

1-YEAR
TREASURY
BILL

3-5 YEAR
GOVERNMENT
SECURITIES

LONG-TERM
GOVERNMENT
SECURITIES

5.09
5.11
5.10
5.05
5.06
5.04
4.86
4.84
4.90
4.83
4.91

5.56
5.53
5.52
5.43
5.48
5.31
5.09
5.11
5.19
5.12
5.19

6.91
6.88
6.89
6.80
6.80
6.61
6.35
6,39
6.56
6.51
6.56

7.72
7.70
7.66
7.62
7.63
7.56
7.50
7.55
7.59
7.57
7.58

* AVERAGES OF RATES AVAILABLE.
** SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.
RATES ON LONG-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

7

NET TIME DEPOSITS
ALL COMMERCIAL BANKS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

<25 c------1---------- r—

------- --------- -------=3 <25

BILLIONS
SEP.

29

411.7

Hill
9 17

!

IS 29 12 28 10 24

7 21

4 18

JAN

FEB

3 17 31

14 28 12

APR

9 23

7 21

4 18

1

13 29 13 27 10 24

MAY

OCT

NOV

LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 3, 1976
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
*netined AS« savings deposits, time deposits open account plus time
THAN NEGOTIABLE TIME dERT if I cates of DEPOSI TISSUED in
DENOMINATIONS OF i100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDINGi
11/5/75

2/4/76

15.5
15.1
14.7
14.2
14.3
14.1
14.6
14.8

14.5
13.8
13.2
13.6
13.4
14.1
14.5

3/31/76

5/5/76

6/2/76

11.2
12.6
12.6
13.9
14.5

13.0
12.9
14.4
15.0

6/30/76

8/4/76

9/1/76

15.8
16.4

18.1

TO THE AVERAGE
OF FOUR WEEKS
ENDINGi
3/31/76
5/ 5/76
6/ 2/76
6/30/76
8/ 4/76
9/ 1/76
10/ 6/76
11/ 3/76

8

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

12.8
12.2
12.9
12,9
13.8
14.3

13.9
15.4
15.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

------- --------- ---------

240 ---------1----------- 1----

12ZS.

240

BILLIONS.
231.1
229.0
230.9
230.6

3 17

1 13 29 12 26 10 24
OCT
NOV

7 21
JAN

4 1C
FEB

3 17 31 14 29 12 20
APR
MAY

9 23

7 21

1 15 29 13 27 10 24
OCT
NOV

4 1«

LATEST DATA PLOTTED WEEK ENDINGi NOVEMBER 3, 1976
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.

f|-;r
4 '■
If
MONEY STOCK
DEPOSIT
COMPONENT
OF
DEMAND

COMPOUNDED ANNUAL RATES OF CHANGE
11/5/75
TO THE AVERAGE
OF FOUR WEEKS
ENDINGi
3/31/76
5/ 3/76
6/ 2/76
6/30/76
8/ 4/76
9/ 1/76
10/ 6/76
11/ 3/76


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

2/4/76

3/51/76

5/5/76

AVERAGE OF FOUR WEEKS ENDING*
6/2/76

6/30/76

8/4/76

9/1/76

1.5
2.7
2.1
4.1

6.9
4.5
6.5

2.6
5.9

6.2

&

1.8
4.6
4.5
3.2
3.8
4.0
3.6
4.3

*4

9.6
8.3
5.4
5.9
5.8
5.0
5.9

11.1
5.5
6.2
6.1
5.0
6.1

-1.1
2.3
3.0
2.4
4.1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
68

BILLIONS OF DOLLARS
86

-

-

84

64
-

62

62

/
-

80

80

-

i.

78

-

i

76

1
t

' '•

-

-

76
-

-

74

74

-

-

72
70

72

-

70

\

08

68

-

-

66
64
62

76

66

\

-

>

-

64

s,

62

!lll
5 17
SEP

i i i i
11 > I1U 1 I I
1 15 29 12 2S 10 24 7 21
OCT
NOV
DEC
JAN
1975

JLLL Mil
4 18
FEB

1 1 \ J_LL MM

3 17 51 14 21 12 26 8 25
MAR
APR
MAY
JUN
1976

LATEST DATA PLOTTED WEEK ENDING* NOVEMBER

9,

1 1 1

7 21
JUL

111
4 16
AUG

111!

J 1 1

jii!

1 15 29 15 27 10 24
SEP
OCT
NOV

1B76

CURRENT DATA APPEAR IN THE BQAHO 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

197B
SEP.

OCT.

NOV.

1
8
15
22
29
6
13
20
27
3
10
17
24

CERTIFICATES CERTIFICATES
OF DEPOSIT
OF DEPOSIT
NOT SEAS. ADJ.
SEAS. ADJ.
65.7
65.3
64.9
65.1
65.8
65.5
64.8
64.1
63.3
62.7

62.8
62.4
62.0
62.2
62.9
62.7
62.4
62.0
61.4
61.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS
ALL MEMBER BANKS IN THE NATION
AVERAGES OF DA ILY FIGURES

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

1 .s
lSZfi. MILLION?
OCT.

3 17

1 15 29 12 2* 10 24

7 21
JAN

4 19
FEB

3 17 31 14 29 12 26
APR
MAY

9 23

7 21
JUL

4 19
AUG

6
13

101
47

1 15 29 13 27 10 24
OCT
NOV

1976
LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 10, 1976

BUSINESS LOANS

(COMMERCIAL AND
BILLIONS OF DOLLARS
124 ----------------------- -----

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
-------- ---------- ---------- 12*

_ COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
— THE FOUR WEEKS ENDING
— NOVEMBER 3, 1976 FROM
— THE FOUR WEEKS ENDING.
“ SEP. 1, 1976
— AUG. 4, 1976
— JUN. 30, 1976
— JUN, 2, 1976
_ MAY
5, 1976
FEB. 4, 1976
“NOV. 5, 1975
3 17

12.6

SEP. 29

-4.5

NOV.

5

4 19
AUG

1 15 29 13 27 10 24
OCT
NOV

1 15 29 12 26 10 24

7 21
JAN

4 19
FEB

3 17 31 14 29 12 26
APR
MAY

9 23

7 21
JUL

1976
LATEST DATA PLOTTED WEEK ENDINSt NOVEMBER 3,


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

1976
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

FEDERAL RESERVE BANK OF ST LOUIS
P. O. BOX 442
ST. LOUIS, MISSOURI 63166

FIRST CLASS MAIL
U. S. POSTAGE

PAIO

RETURN POSTAGE GUARANTEED

PERMIT 444

FIRST CLASS fllfllL

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

BILLIONS OF DOLLARS
570 p----------,--------------- ,------


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

BILLIONS OF DOLLARS
---------- 1------------ ---------T3 570

COWOUNDED ANNUAL RATES OF CHANGE,
AVERAGE OF The rOUR WEEKS ENDING
NOVEMBER 3, 197 3 FROM THE FOUR
WEEKS ENDING:
CREDIT
CREDIT
PROXY

-EBOXY
SEP,
AUG.
JUN.
JUN.
MAY
FEB.
NOV.

1,
A,
30.
2,
5,
4,
5,

ASLfiiSIEC.

1976
1976
1976
1976
1978
1976
1975
CREDIT PROXY ADJUSTED

1/

CREDIT PROXY

■f-ROXY..

ADJUSTED

514.2
526.9
516.5
520.0
520.2

3 17

1

15 29 12 26 10 24

7 21
JAN

4 16
FEB

5 17 31

14 26
APR

12 26

9 23

MAY

7

21

JUL

529.6

l±l_i_L
4 16
AUG

1

15 29 13 27

10 24

1976
LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 3,

1976

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS1
1/

H.9 RELEASE.

INCLUDES MEMBER BANK DEPOSITS, 0A744—RELATED COMMERCIAL PAPER, EURODOLLAR BORROWINGS OF
U.S. BANKS, AND CERTAIN OTHER NONDEPOSIT SOURCES.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS