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^9^
F//V/»/VC/>a/.

O/lF/l

Week ending: November 14, 1979
C-1PRARV
tfuV 2 4 JjSBGrowth

of the monetary aggregates has slowed during
the pawl few weeks, thereby lowering their growth rates for the
most recent two-month period.
From the four weeks ending
September 5 to the four weeks ending November 7, Ml and M2 grew
at 3.9 and 9.3 percent annual rates, respectively, compared
with 10.3 and 12.8 percent rates of growth in the previous
two-month period.
The reduction in M2 growth, however, was
primarily the result of slower Ml growth, since growth of net
time deposits in the most recent two months was little changed
from its growth in the previous two months.
In contrast,
growth of both the currency and demand deposit components of Ml
slowed substantially in the most recent two-month period.

Growth of the adjusted monetary base (reserves plus
currency in circulation), however, continued to grow at close
to an 11.5 percent rate in the past two months.
The slowing in
currency growth in the most recent two months was offset by a
more rapid growth of reserves, which reflected a sharp rise in
October's member bank borrowings from the Federal Reserve.
Beginning
this
past
week
(November
8-14) ,
U.S.
branches and agencies of foreign banks were required to
maintain reserves to meet the Federal Reserve's new 8 percent
marginal reserve requirement on certain "managed liabilities."
Although this marginal reserve requirement became effective in
the statement week beginning October 11, the same week it
became effective for member
banks and domestic Edge Act
corporations,
these
institutions
did
not
have
to
begin
maintaining reserves against managed liabilities until this
past week.
Consequently, during the reserve settlement period
beginning November 8, the U.S. reporting office of a foreign
bank's U.S. branch or agency was required to maintain reserves
for all of the statement weeks beginning October 11, 18, and
25.
These branches and agencies of foreign banks were given
more time to begin meeting this new reserve requirement since
this is the first time they have had to maintain reserves with
the Federal Reserve Banks.
The adjusted monetary base includes an adjustment for
changes in reserve requirements in order to avoid "breaks" in
the monetary base series that otherwise would occur.
Since
this new reserve requirement reduces the amount of money and
credit that a given amount of monetary base can support, the
reserve adjustment to the base includes a reduction for the
amount of required reserves on managed liabilities.
In the
statement week ending November 14, these required reserves on
managed liabilities amounted to a total of $845 million for
member banks, domestic Edge Act corporations, and U.S. branches
and agencies of foreign banks.

' O. S. Financial Data" will be mailed later than usual
next week due to a holiday on November 22, 1979-


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

Prepared by Federal Reserve Bank of St. Louis
Released. November

,

16 1979

2

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

BILLIONS OF DOLLARS
>56 ---------- ,---------- 1--------

OCT.

152.1
152.6
152.5
153.2
152.8
151 .8

10

NOV.

6 20

4 18

SEP

OCT

BILLIONS OF DOLLARS
------------------- ----------- 156

I

15 29 13 27

10 24

2

7 21

FEB

MAR

16 30 13 27

11

25

8 22

5 19

3 17 31

14 28

APR

1978
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 14. 1978
Yijr .n „icTcn kJAycTiRY pice rnNSISTS OF* ( I ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE
^
In ClRCULAT ON C CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF
coSSIAcial bank!* ai!o fsi an adjustment for reserve requirement ratio changes
the
..<
d cnnnrp nc tuc aa histfO MONETARY BASE IS FEDERAL RESERVE CREDIT.
DATA ARE COi^UTED
BY i/\
THIS
BA^.
A BItAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE
FROM
THIS BANK.

DATA DO NOT INCLUDE REGULATION K RESERVES OF EDGE ACT CORPORATIONS.
ADJUSTED MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE,
l1/15/78

AVERAGE OF FOUR WEEKS ENDING:

2/14/79

4/11/79

5/16/79

6/13/79

7/11/79

8/15/79

5.7
5.2
7.0
7.5
8.5
9.0
8.6

7.4
9.8
9.7
10.7
11.0
10.2

9.3
9.4
10.7
11.1
10. 1

12.1
12.9
12.8
11.4

11.9
12. 1
10.5

13.5
10.9

9/12/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING;
4/11/79
5/16/79
6/13/79
7/11/79
8/15/79
9/12/79
10/17/79
11/14/7#

5.0
6.0
5.7
6.8
7. 1
7.8
8.3
8. 1


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
2.9

RATIO

2.9

MULT PLIER

r V

f

RAT 1C

1979
OCT |

'ill ■ 111 -U 1 1

111

111 i

111 J..J 1 j 11

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 7,

132

COMPOUNDED ANNUAL R
-----OF CHANGE, AVERAGE
THE FOUR WEEKS END 1
~ NOVEMBER 14, 1979 F
THE FOUR WEfeKS END 1
-

130

SEP.
AUG.
— JUL.
_ JUN.
MAY

12 , 1979
15 , 1979
11 ,1979
13 ,1979
16 ,1979

_

15 ,

128
NOV.

1978

-

NOV . 7 2.482
1 1 1 1 1 i i i i i i i i i i i i:

1111 J-LL 1 1 1

1979

BILLIONS OF DOLLARS
136 ---------- 1---------- 1------------- 1---------134

i

BILLIONS OF DOLLARS
136
-

*TES

134

'KS
10M
4G-. ___

1 2. (
13.
13.
13.C
11. !

x

132
-

ADJ USTED FEDEf*AL RES :rve :red i t

130
128

9'.
-

126

126
-

-

124

124
-

122

BILUIC NS. _

1aIS.
-

OCT •

120

i?

m

24

132.6

'in

in

1 1 1 1

4

I

18

OCT

111 XL LL -LLL XI .J

15 29 13 27 10 24

NOV
1978

DEC

JAN

111

m i
2

7 21

7 21

4 18

FEB

MAR

APR

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 14,

i

11

16 30 13 27

MAY

JUN
1979

mil i

ii i
11

JUL

25

8 22

AUG

120

m

NOV •

1 18

j

t_Li

i

i

3 17 31

OCT

118
111

i

14 28

NOV

1979

1/ RATIO OF MONEY STOCK (Ml ) / ADJUSTED MONETARY BASE
2/ FEDERAL RESERVE CREDIT CONSISTS OF FEDERAL RESERVE HOLDINGS OF SECURITIES, LOANS, FLOAT
AND OTHER ASSETS.
ADJUSTED FEDERAL RESERVE CREDIT IS COMPUTED BY SUBTRACTING TREASURY
DEPOSITS AT FEDERAL RESERVE BAWS FROM THIS SERIES. AND ADJUSTING THE SERIES FOR RE­
SERVE REQUIREMENT RATIO CHANGES.
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

122

4

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
950
945
940

936.7
939.6
938.7

935

937. 1
937.8

930

942.2

925
920
915
910
905
900
B95
890
885
880
875
870
865
860
855
850
I I I I

8 20

4

18

SEP

OCT

I

IS 20 IS 27

10 24

7 21

FEB

S

MAR

JUN

APR

17 SI

14 28

JUL

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 7, 1979
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.

MONEY STOCK PLUS NET TIME DEPOSITS CM2)
COMPOUNDED ANNUAL RATES OF CHANGE,
11/B/78

AVERAGE OF FOUR WEEKS ENDING:

2/7/79

4/4/79

5/9/79

6/6/79

7/4/79

8/8/79

8. 1
7.7
8.9
9.7
10. 1
10.4
9.9

I 1.0
12.0
12.2
12.3
12.3
1 1.4

10.3
11.4
1 1 .6
1 1 .8
10.8

13.5
13.2
13.0
1 1 .6

12.8
12.7
11.0

12.5
10.3

9/5/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/ 4/79
5/ 9/79
6/ 6/79
7/ 4/79
8/ 8/79
9/ 5/79
10/10/79
11/ 7/79

2.6
4.8
5. 1
6. 1
6.9
7.5
8.0
7.8


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

9.3

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

MONEY STOCK (Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

390

BILLIONS OF DOLLARS

-

24

-

31

\

A

A

2

1

j
1

111

IT"

1.1

1

'\

1 1 1

T

V

\

sj.

|

--------

z

'

llll llll

7°

V" A

!!lll
6 20

SEP

1.11 -LLLL _LLL Mil
4

16

OCT

I

15 29 IS 27

NOV

DEC

10 24

JAN

i

1 1 1

1 1 1

7 21

7 21

4 18

2

FEB

MAR

APR

MAY

111 -LLLL 111 _LLL llll -LLL 11.1.1. 1.1.L
16 30 15 27 II

1978

JUN

JUL

25

8 22

AUG

5 19

3

17 31

SEP

OCT

14

28

NOV

1979

LATEST DATA PLOTTED WEEK ENDINGt NOVEMBER 7, 1979
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.B 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
11/8/78

2/7/79

4/4/79

5/9/79

AVERAGE OF FOUR WEEKS ENDING:
6/6/79

7/4/79

8/8/79

10.5
10.6
10.4
7.8

10.3
10.2
7.0

10.3
5.9

9/5/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/ 4/79
5/ 9/79
6/ 6/79
7/ 4/79
8/ 8/79
9/ 5/79
10/10/79
11/ 7/79

-1.2
2.5
2.5
3.5
4.3
4.8
5.4
4.7


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

390

1 1

B1LL1ONS
379.7
3B0.5
378.7
376.9
376.2

II

_
1979
” OCT. 3
10
17

-L L L L

i

7.3
6.2
7. 1
7.7
8. 1
8.3
7. 1

11.4
11.4
1 1 .0
10.9
10.8
8.8

6.8
8.0
8.6
9.0
7.0

3.9

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

6

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
16.0 rr

PERCENT
-=j 16.0

15.0
14.5
14.0

13.0

PRIME BANK
LOAN RATE
11.5

90 DAY CD* Si
COMMERCIAL PAPER

CORPORATE Aaa BONDS

MUNICI PAL

15 29

13 27

10 24

8 22

5

19

JAN

2

16

2

16 30

13 27

11

25

8 22

6 20

3

17 31

14 28

12

26

9 23

FEB

SEP
OCT
1979
LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEMBER 16, 1979

1979
SEP.

7
14
21
28
OCT.
5
12
19
26
NOV.
2
9
16 *
23
30

90 DAY
CD1 S XXX

PRIME
COMMERC1AL
PAPER

11.36
1 1 .84
12.03
11.94
12.01
12.75
13.61
14.37
14.44
14.52
14.29

11.24
11.70
1 1.74
1 1 .64
11.76
13. 18
13.32
14. 10
M. 18 II
14. 18
13.91

PRIME
BANKERS'
ACCEPTANCES
1 1.51
11.75
11.82
11.69
12.04
13. 49
13.59
14.32
14.11
14.20
13.74

CORPORATE
Aaa BONDS
9.34
9.42
9.49
9.50
9.66
9.91
10.09
10.50
10.73
10.83
10.73

MUNICIPAL
BONDS XX
6.47
6.49
6.57
6.56
6.64
7. 12
7. 18
7.38
7.26
7.27
N. A.

* AVERAGES OF RATES AVAILABLE.
** BONO BUYER'S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
**0* SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOft THE WEEK ENDING WEDNESDAY TWO DAYS
EARLIER THAN DATES SHOWN.
N.A. - NOT AVAILABLE

//

Beginning November 1, 1979, data are 4-month commercial paper rates.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
16.5 rr-

PERCENT
-ZJ 16.5
16.0

14.0

12.5
12.0

1 1.0

1 1.0
FEDERAL FUNDS RATE

DISCOUNT RATE

„
3-5 YEAR
TREASURY SECURITIES

THREE-MONTH TREASURY
BILL MARKET YIELD

I

13

SEP

29

19 27

OCT

10 24

NOV
1978

8 22 3

DEC

19

JAN

2

18

FEB

2

16

MAR

30

!3

27

APR

I I

MAY

25

8 22

6 20

3

17

31

14

28

12

26

9 23

JUN
1979

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEMBER 1

1979
SEP.

7
M
21
28
OCT.
5
12
19
26
NOV.
2
9
16 X
23
30

FEDERAL
FUNDS «x
11.02
11.30
11.37
11.61
11.91
12.00
13.22
15. 1 4
15.61
13.77
13.30

3-MONTH
TREASURY
BILL

6-MONTH
TREASURY
BILL Ktt*

10.20
10.45
10.26
10.14
10.43
11.62
1 1.91
12.60
12.07
12.25
12.00

9.78
10.29
10.32
10. 1 1
10.33
10.66
11.72
12.65
12. 19
12.09
11.95

1-YEAR
TREASURY
BILL

3-5 YEAR
TREASURY
SECURITIES

9.84
9.96
9.90
9.87
10.07
M .30
11.40
11.94
11.65
11.66
11.12

9.52
9.51
9.59
9.61
9.72
10.48
10.79
11.57
11.43
11.40
11.00

LONG-TERM
TREASURY
SECUR1T1ES
9. 12
9. 12
9. 13
9. 18
9.31
9.77
9.99
10.36
10.36
10.47
10.34

* AVERAGES OF RATES AVAILABLE.

riSF""™
HSUS b?ll~y^eldsRonSd?scountRbasEs .ARE


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

™*n

date

SHOWN.

C0UPUTED eY THE FEDER*L RESERVE BANK OF ST. LOUIS.

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

7

8

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

BILLIONS OF DOLLARS
570 p------- 1---------- .--------

EE

oct.

BILLIONS OF DOLLARS
------ ------------- ------- zn 570

557.0
559.2
560. 1
560.2
561.7
562.9

6 20

4 18

SEP

OCT

I

13 29 13 27

10 24

2

4 18

7 21

FEB

MAR

ill! in
11 25

16 30 IS 27

JUN

APR

8 22

3 IB

3 17 31

14 28

JUL

LATEST DATA PLOTTED WEEK ENDING*. NOVEMBER 7, 1979
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
__

tilk

ncpfwiTC

ioc

nccikjcn AS- SAVINGS DEPOSITS. TIME DEPOSITS OPEN ACCOUNT PLUS TIME

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE,
11/8/78

AVERAGE OF FOUR WEEKS ENDING-.

2/7/79

4/4/79

5/9/79

6/6/79

7/4/79

8/8/79

9/5/79

8.6
8.9
10.2
11.1
11.5
1 1 .9
1 1.8

10.9
12.4
13.2
13.3
13.4
13.2

12.9
13.8
13.8
13.8
13.5

15.5
14.9
14.7
14.2

14.6
14.4
13.8

13.9
13.3

13.1

TO THE AVERAGE
OF FOUR WEEKS
ENDING*.
4/ 4/79
5/ 9/79
6/ 6/79
7/ 4/79
8/ 8/79
9/ 5/79
10/10/79
11/ 7/79

5.3
6.5
7.0
8.0
8.9
9.3
9.8
10.0


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

PREPARED BV FEDERAL RESERVE BARK OF ST. LOUIS

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

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

BILLION?
274.4
275. 1
273.5
271.7
270.6

273.3

8 20

4

18

1

IS 20 IS 27

10 24

7 21

FEB

4 18

MAR

2 18 SO

APR

IS 27 11

JUN
1979

25

8 22

5 19

3 17 31

14 28

JUL

LATEST DATA PLOTTED WEEK ENDING-. NOVEMBER 7, 1979
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

DEMAND DEPOSIT COMPONENT OF MONEY STOCK
COMPOUNDED ANNUAL RATES OF CHANGE
11/8/78

2/7/79

4/4/79

5/9/79

AVERAGE OF FOUR WEEKS ENDING:
6/6/79

7/4/79

8/8/79

8.7
9.2
5.4

9.3
4.1

9/5/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/ 4/79
5/ 9/79
6/ 6/79
7/ 4/79
8/ 8/79
9/ 5/79
10/10/79
11/ 7/79

-4.7
0.2
0. 1
1.5
2.4
3.0
3.7
2.8


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

7.3
5.4
6.8
7.2
7.4
7.7
6. 1

12. 1
12.4
! 1 .4
10.9
10.7
8.3

6.0
7. 1
7.5
8.0
5.6

10.7
10.0
10.0
6.7

2. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

10

CURRENCY COMPONENT
OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

billions of dollars

108

BILLIONS
105.4
105.2
105.2
105.6

105.9

I I I I
6 20

4

18

SEP

OCT

I

15 29 IS 27

10 24

4

7 21

FEB

MAR

18

2 18 SO

JUN
1979

APR

LATEST DATA PLOTTED WEEK ENDING. NOVEMBER 7,

IS 27 11

25

8 22

5 19

JUL

1979

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

CURRENCY
COMPOUNDED ANNUAL RATES OF CHANGE
11/B/78

AVERAGE OF FOUR WEEKS ENDING:

2/7/79

4/4/79

5/9/79

6/6/79

7/4/79

8/8/79

7.5
8.0
8.0
8.9
9.9
10. 1
9.6

8.4
8.3
9.6
10.8
10.9
10. 1

8.7
10.3
11 .7
1 1 .7
10.6

10.7
12.4
12.2
10.9

14.4
13.4
1 1.5

13.6
10.9

9/5/79

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/ 4/79
5/ 9/79
6/ 6/79
7/ 4/79
8/ 8/79
9/ 5/79
10/10/79
11/ 7/79

9.3
8.9
9.0
8.9
9.4
10.0
10.2
9.8


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

8.6

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

BORROWINGS FROM FEDERAL RESERVE BANKS

ALL MEMBER BANKS
billions of

IN THE NATION

AVERAGES OF DAILY FIGURES

dollars

billions of

dollars

0
1£7&
OCT.

MILLIONS

10
17
24
31
7
14

1530
2960
3056
1928
1858

111.1
6 20

4 10

I

IS 20

IS 27

10 24

7 21

7 21

FEB

MAR

I

APR

JUN

25

0 22

3 IB

3

17 31

14 20

JUL

1978
LATEST DATA PLOTTED WEEK EM)INC: NOVEMBER 14,

1979

BUSINESS LOANS
( COMMERCIAL AND
BILLIONS OF DOLLARS
158

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

-------- 1---------1-----------1--------I COMPOUNDED ANNUAL RA TES
156
OF CHANGE, AVERAGE 01
" THE FOUR *EEKS END 1 N(S
154
NOVEMBER 7, 1979 FR01U
- THE FOUR WEEKS END INIB:
152
—" SEP.
5, 1979
8.1
8, 1979
11.4
150 — AUG.
_ JUL.
4, 1979
16.5
6, 1979
17.6
148 _JUN.
MAY
9, 1979
18.8
FEB. 7. 1979
20.3
146
17.3
_ NOV • 8, 1978

BILLIONS OF DOLLARS
158

-

156

-

154

L__ I

152
150

-

148

-

146

-

144

144

140

-

- 142
- 140

138

-

-

-

- 136
- 134
_

142

136

-

134

-

132

-

130

-

128

132

-

Illl
6 20
SEP

3
153,392 10
154,006 17
151,735 24
151,881 31
152,596 7
151,823 ILL -ILL. ,1111 111111111111
OCT.

126
0

MILLIONS

197

138

.ILL 111)

111

i n i... _LLL 1 1 1

4 10 l 15 20 13 27 10 24
OCT NOV
DEC
JAN

7 21
FEB

7 21
MAR

1 1 I

1 1 1 1

JUN
1979

APR

1978
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 7,


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

JUL

AUG

SEP

OCT

1979
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

130
128
126
i
0

12

CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
ILL IONS OF DOLLARS

WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS

4 18
FEB

MAR

LATEST DATA PLOTTED WEEK ENDING* NOVEMBER 7.

2 10 SO IS 27 II 23
JUN
JUL

B 22

3 19

3 17 91

H 28

1979

CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
NEGOTIABLE TIIC CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 8100,000 OR MORE BY LARGE
WEEKLY REPORTING COUCRCIAL BANKS.


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

PREPARED BY FEDERAL RESERVE BAhK OF ST. LOUIS