Full text of U.S. Financial Data : Week Ending: November 23, 1977

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u.
Week ending: November 23r 1977
Negotiable certificates of deposit (CDs) at large commercial
banks have risen sharply since early May of this year, rising from an
average of $59.7 billion in the four weeks ending May 4 of this year to
$71.1 billion in the most recent week (see page 12 of this release).
As
indicated in the table below, the proportions of large negotiable CDs
DEC

&

6 197§ raaturing in 12 months or longer has also been rising since the survey in
late April of this year.
This rise in the proportion of CDs with longer
maturities may be partly due to rising expectations of short-term interest
rates.
However, this lengthening of maturities of large CDs appears to
also reflect a continuing reaction by member banks to changes in reserve
requirements on their time deposits.
The Federal Reserve Board made a series of changes in reserve
requirements on time deposits beginning in late 1974 with the intention of
inducing member banks to lengthen the maturity of their time deposits.
In
December 1974 reserve requirements were raised on time deposits with
initial maturities of less than 180 days, and reserve requirements on
longer-term time deposits were lowered.
In October 1975 and January 1976
reserve requirements on longer-term time deposits were lowered further.
The table below indicates the extent to which banks have
lengthened the maturities of their large CDs since early 1976.* There has
been a gradual rise in the percentage of large CDs with maturities of over
one year, from 2.4 percent in late February of last year to 6.4 percent in
late September of this year.
A very high percentage of large CDs still
mature in six months or less, as that percentage has declined only
slightly.
Of large CDs maturing in more than six months, the rising
proportion has been in longer-term CDs.
The proportion maturing in more
than six months but less than one year has gradually declined.
*

The sample of banks reporting in that survey was changed in early 1976,
making comparisons to previous surveys difficult.
See the G.9 release
of the Board of Governors.
Maturity Distribution of Outstanding Negotiable
Time Certificates of Deposit

Survey
Date
2/25/76
3/31/76
4/28/76
5/26/76
6/30/76
7/28/76
8/25/76
9/29/76
10/27/76
11/24/76
Source:


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

Percentage of Large
Negotiable CDs
Maturing in
6 Months
Over
or Less
12 Months
88.6 %
87.8
86.6
87.1
88.2
88.6
87.9
87.4
87.8
87.7

2.4 %
2.8
3.0
3.1
3.0
2.9
3.0
3.5
3.7
3.8

Survey
Date
12/29/76
1/26/77
2/23/77
3/30/77
4/27/77
5/25/77
6/29/77
7/27/77
8/31/77
9/28/77

Percentage of Large
Negotiable CDs
Maturing in
6 Months
Over
or Less
12 Months
87.5 %
87.8
88.1
87.6
86.3
86.7
86.1
86.3
85.6
86.5

4.7 %
4.9
4.9
4.9
5.7
5.9
6.1
6.4
6.8
6.4

G.9 release, Board of Governors,

Prepared by Federal Reserve Bank of St. Louis
Released: No /ember

25,

1977

MONETARY BASE

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
132

BILLIONS
~ OCT

130

128.6
128.6
129.0
129.3
129.7
129.7

128

126

124

122

120

118

116

114

112

6 20

3 17

1

15 29 12 26

JAN

9 23

9 23

FEB

6 20

4 18

APR

MAY

1

15 29 13 27 10 24

7 21

5 19

2 16 30 14 28

1977

1976
LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23,

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 MONETARY BASE IS AVAILABLE FROM THE FEDERAL RESERVE BANK OF ST. LOUIS.

MONETARY BASE
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
11/24/76

2/23/77

4/20/77

5/25/77

6/22/77

7/20/77

8/24/77

7.9
7.5
7.3
7.7
8.3
8.4
8.7
8.8

9.6
8.6
9. 1
9.7
9.7
9.9
10.0

5.8
7,4
8.7
8.9
9.3
9.5

8.2
9.7
9.7
10. 1
10. 1

11.7
11.1
11.1
11.0

11.1
11.1
11.0

10.5
10.5

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/20/77
5/25/77
6/22/77
7/20/77
8/24/77
9/21/77
10/26/77
11/23/77

2


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

PREPARED BY FEDERAL RESERVE BANK OF ST.

LOUIS

MULTIPLIERv
ADJUSTED FEDERAL RESERVE CREDIT 2/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO
3.0

RATIO
3.0

2.9

2.9

2.8

2.8

MULTI PLIER
2.7

2.7

2.6

,_

2.6

2.5

2.5
1azz

2.4

RATIO
2.4

OCT . 12
. a
NOV

2.3

2.3
16

!lll

.in

jj

11

111

j.i

i ■LI.1..L 1 1 1 Lilt

1 1 1 1

1 1 1 JJ..I 1 -111 -LI 1 JLLJ-Jj

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 16. 1977
BILLIONS OF DOLLARS
112 ---------- 1---------- ,--------

BILLIONS OF DOLLARS
--------------- >12

COMPOUNDED ANNUAL RATES
__ OF CHANGE, AVERAGE OF
THE FOUR WEEKS ENDING
_ NOVEMBER 23, 1977 FROM
THE FOUR WEEKS ENDING:
SEP.
AUG.
JUL.
— JUKI.
MAY
“ FEB.
__ NOV.
-

21, 1977
24, 1977
20, 1977
22
---25
1977
23. ___
24, 1976

ADJUSTED FEDERAL RESERVE CREDIT

12.5
11.9
11.5

.1977

BILLIONS
109.3
109.4
109.7
109.4

110.6

110.5
6 20

3 17

OCT

NOV

1

15 20 12 26

JAN

0 23

9 23

6 20

4 18

1

15 29 13 27

10 24

7 21

5 19

2 16 30 14 28

FEB

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23, 1977
1/ RATIO OF MONEY STOCK (Ml ) / MONETARY BASE.
2/

1T. CONSISTS OF FEDERAL RESERVE HOLDINGS OF SECURITIES. LOANS FLOAT
AND OTHER ASSETS. ADJUSTED FEDERAL RESERVE CREDIT IS COMPUTED BY SUBTRACflNG TREASURY
FEDERAL RESERVE BANKS FROM THIS SERIES, AND ADJUSTING THE SERIES FOR RE­
SERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE &AME TYPE OF DEPOSITS BETWEEN rank^
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

4


BILLIONS OF DOLLARS
810
805

800. 1
795

800.8
798.0
801.7
802.8

785
780
775
770
765
760
755
750
-3 745
740
735
730
725
720
715
710
.705

6 20

3

17

OCT

NOV
1976

1

13 29

12 26

JAN

9 23

9 23

6

20

4

IB

1

15 29

13 27

10 24

7 21

5

19

2

16 30

14 28

FEB
1977

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 16, 1977
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

MONEY STOCK PLUS NET TIME DEPOSITS ( M2 )
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
11/17/76

2/16/77

4/13/77

5/18/77

6/15/77

7/13/77

8/17/77

9/14-/77

10.5
10.2
9.7
10. 1
10.4
10.2
10. 1
9.7

9.8
9.0
9.7
10.3
10.0
9.9
9.4

7.8
9.3
10.3
9.8
9.7
9. 1

9.6
10.9
10. 1
9.9
9.2

12.8
11.2
10.6
9.6

10.5
10.0
8.9

8.5
7.5

7.4

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/13/77
5/18/77
6/15/77
7/13/77
8/17/77
9/14/77
10/19/77
11/16/77

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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

0

MONEY STOCK (Ml )
AVtKAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
340----- ,----- 1----

BILLIONS OF DOLLARS
--------------- 1 340

BILLIONS
334.5
333.3
334.5
331 .3
333.7
333.9

e 20
OCT

3 ir
NOV
1976

1

15 29 12 26

DEC

JAN

9 23

FEB

9 23

MAR

6 20

APR

4 18

10 24

MAY

7 21

5

SEP

OCT

19

2

16 30 14 28

LATEST DATA PLOTTED WEEK END TNG« NOVEMBER 16, 1977
CURRENT DATA APPEAR TN 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

l

11/17/76

2/16/77

4/13/77

5/18/77

5.3
6.5
5.8
6.4
7.3
7.4
7.7
7.2

9.5
7.5
8. 1
9.2
9. 1
9.2
8.5

6.9
8.0
9.7
9.4
9.6
8.5

5.8
8.9
8.7
9. 1
7.9

6/15/77

7/13/77

TO THE AVERAGE
OF FOUR WEEKS
END TNGi
4/13/77
5/18/77
6/15/77
7/13/77
8/17/77
9/14/77
10/19/77
11/16/77


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

12.5
11.1
10.9
9.2

11.4
11.0
8.9

8/17/77

9/14/77

9.3
7.0

6.5

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

8.5
CORPORATE Aaa BONDS
8.0

7.5

7.0

PRIME BANK
LOAN RATE

6.5

MUNICIPAL
BONDS**

6.0
5.5

COMMERCIAL PAPER

5.0

4.5

4.0

1

15 29 12 26

10 24

7 21

4 18

JAN

FEB

4 18

1

15 29 13 27

MAY

1976

10 24

8 22

5 19

2

16 30 14 28 11

25

9 23

JUN
1977

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEMBER 25, 1977

1977
OCT.

7
14
21
28
NOV.
4
1 1
18
25 X
DEC.
2
9
16
23
30

90 OAY
CD'S *****
8K
6.43
6.58
6.80
6.72
6.67
6.74
6.69
6.65

PRIME
COMMERC1AL
PAPER
4-6 MONTH

PRIME
BANKERS'
ACCEPTANCES

CORPORATE
Aaa BONDS

MUN1C1 PAL
BONDS *9*

6,39
6.54
6.66
6.61
6.61
6.61
6.59
6.56

6.48
6.64
6.62
6.53
6.69
6,66
6.57
6.51

7.99
8.04
8.05
8.06
8.08
8. 10
8.07
8.08

5.60
5.70
5.67
5.59
5.55
5.55
5.45
N. A.

* AVERAGES OF RATES AVAILABLE.
XSE 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

6


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

PERCENT

--

8.0 --

8.0

7.5

3-5 YEAR
TREASURY SECURITIES

7.0

6.5

6.0

FEDERAL FUNDS RATE
5.5

yy

DISCOUNT RATE

5.0

4.5

THREE-MONTH TREASURY
BILL MARKET YIELD

4.0

4.0

0

1

15 29 12 26 10 24

OCT

NOV
1976

DEC

721

4 18

i_I
I
4 18

JAN

FEB

MAR

ll I I IJ I I 1. Ll. I jJj-LLtl J..1.11.1.1 ill .1 I 1 1 I I 1 1 I I I 11
1

15 29 13 27

APR

MAY

10 24

JUN

8 22

JUL
1977

5

19

AUG

2

16

SEP

30

14 28 11

OCT

25 9 23

NOV

0

DEC

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGt NOVEMBER 25, 1977

1977
OCT.

7
14
21
28
NOV.
4
1 1
18
25 *
DEC.
2
9
16
23
30

FEDERAL
FUNDS **

3-MONTH
TREASURY
B rLLS

1-YEAR
TREASURY
BTLL

3-5 YEAR
TREASURY
SECURITIES

LONG-TERM
TREASURY
SECURITIES

6.41
6.41
6.50
6.49
6.50
6.58
6.42
6.51

6.09
6.32
6.17
6.09
6.20
6.15
6.07
6.07

6.38
6.61
6.59
6.49
6.60
6.55
6.49
6.49

7.05
7.21
7.30
7.32
7.36
7.30
7.24
7.24

7.53
7.61
7,62
7.64
7.70
7.71
7.67
7.65

* AVERAGES OF RATES AVAILABLE.
K6tE 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 TREASURY SECURITIES ARE COMPUTED BY THE FEDERAL RESERVE BANK OF ST. LOUIS.
TREASURY BILL YIELDS ON DISCOUNT BASIS.

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
-------------- -1 475

47.5 r---------- 1------------1---------

6 ILLIONS
465.6
465.7
466.3
466.7
468.0
468.9

6 20

3

17

1

15 29 12 26

JAN

9 23

9 23

6 20

4 18

1

15 29 13 27 10 24

7 21

5 19

2 16 30 14 28

FEB

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 16, 1977
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
DEPOSITS ARE DEFINED AS: SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT PLUS T ME
£ISLl,':J,?^TSS.o0F DEPOSIT OTHER THAN NEGOTIABLE TIME dERTIFICATES 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:
11/17/76

2/16/77

4/13/77

5/18/77

6/15/77

7/13/77

8/17/77

9/14/77

9.9
9.4
9.0

8. 1
8.0

8.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/13/77
5/18/77
6/15/77
7/13/77
8/17/77
9/14/77
10/19/77
11/16/77

8

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

14.5
12.9
12.7
12.8
12.7
12.2
11.8
11.5

10.0
10.2
10.9
11.1
10.6
10.3
10.0

8.5
10. 1
10.6
10.0
9.7
9.5

12.4
12.2
11.1
10.5
10. 1

12.7
11.1
10.4
9.9

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
250

BILLIONS
247.6
246. 1
247.2
243.8

— NOV

245

246.2

240

235

230

225

6 20

3 17

OCT

NOV

1

15 29 12 26

JAN

9 23

9 23

6 20

4

18

1

15 29 13

10 24

7 21

5

19

30

14 28

FEB

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 16, 1977
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

DEMAND DEPOSIT COMPONENT OF MONEY STOCK
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
11/17/76

2/16/77

4/13/77

5/18/77

6/15/77

7/13/77

8/17/77

9/14/77

4. 1
5.7
4.9
5.4
6.7
6.8
7. 1
6.4

9.6
7.2
7.6
9.2
9.0
9.0
7.9

6.6
7.5
9.8
9.4
9.4
8.0

4.5
8.7
8.5
8.7
7. 1

13. 1
11.4
10.8
8.6

12.2
11.1
8.3

8.6
5.6

4.6

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/13/77
5/18/77
6/15/77
7/13/77
8/17/77
9/14/77
10/19/77
11/16/77


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

CURRENCY COMPONENT
OF MONEY STOCK
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
90

BILLIONS
86.9
88

87.3
87.5
87.6
87.7

86

84

82

80

78

6 20

3 17

OCT

NOV
1976

1

15 29 12 26

JAN

9 23

9 23

6 20

4 18

1

15 29 13 27 10 24

5 19

2 16 30 14 28

FEB
1977

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 16, 1977
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.

CURRENCY
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
11/17/76

2/16/77

4/13/77

5/18/77

6/15/77

7/13/77

8/17/77

9/14/77

8.9
9.0
8.8
9.3
9.3
9.2
9.5
9.5

9. 1
8.9
9.7
9.5
9.3
9.8
9.8

8.7
10.0
9.7
9.4
10.0
9.9

10.6
9.9
9.5
10.2
10. 1

10.8
9.9
10.7
10.4

8.5
10.0
9.9

10.6
10.2

11.3

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
4/13/77
5/18/77
6/15/77
7/13/77
8/17/77
9/14/77
10/19/77
11/16/77


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

10

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

BILLIONS OF DOLLARS
2.5 ----- 1----- 1----

BILLIONS OF DOLLARS
--------------- 2.5

mz MILLIONS
OCT. 19
1444
1113

0 20

9 17

1

OCT

NOV
1976

DEC

15 29 12 2S

JAN

9 23

FEB

9 29

MAR

5 20

APR

4 16

1

MAY

JUN

15 29 15 27 10 24

JUL
1977

AUG

7 21

5 19

2 16 50 14 26

SEP

OCT

NOV

DEC

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 23, 1977

BUSINESS LOANS
( COMMERCIAL AND INDUSTRIAL )

BILLIONS OF DOLLARS
126
124
122
120
ne
116
114

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

X

112
110
108
106
104

_ COMPOUNDED ANNUAL RATES
OF CHANGE, AVERAGE OF
I Ht l-UUK
fcNDINfc;
- NOVEMBER 16, 1977 FROM
THE FOUR WEEKS ENDING:

“ SEP. 14,
102 — AUG. 17,
- JUL. 13,
JUN. 15,
100
MAY IS!
FEB. 16,
98 — NOV. 17,
^lllllll
6 20
OCT

1977
1977
1977
1977
1977
1977
1976

BILLIONS OF DOLLARS
126
124
J
122
120
118
116
114
112
110
108
106

.

19.5
14.9
1 1 .8
10.2
10.9
8.4
7.2

Mill 11 1 1 Mil
11 II
3 17 1 15 29 12 26 9 23 9 23
NOV
DEC
JAN
FEB
MAR
1976

1 1 1
6 20
APR

1 1 1
4 18
MAY

197'1

.OCT. 12
19
26
NOV. 2
9
16
II II
II 1 1
111
1111
1 1 1
1 15 29 13 27 10 24 7 21 5 19
JUN
JUL
AUG
OCT
SEP
1977

MILLIO NS

I

121.04 1
121,699
_
122,881
123,756
123,560
“
123,332
II 1 1MM1S
2 16 30 14 2
NOV
DEC

LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 16, 1977


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

104
102
100
98

CERTIFICATES OF DEPOSIT

LARGE COMMERCIAL BANKS
BILLIONS


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

WEDNESDAY FIGURES
SEASONALLY ADJUSTED

of dollars

billions of dollars

gilliQNS
67.7
68.9

— 72

6 20

3

OCT

NOV

17

1

JAN

FEB

APR

15 29 15 27

MAY

10 24

7 21

5

SEP

OCT

19

2

16 50 14 28

1977
LATEST DATA PLOTTED WEEK ENDING; NOVEMBER 16, 1977
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF #100,000 OR MORE BY LARGE
WEEKLY REPORTING COMMERCIAL BANKS.
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS