Full text of U.S. Financial Data : Week Ending: November 7, 1979
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r//V4/VC/^L O/l T A Week ending: November 7, 1979 ypfYjSji For member banks, the discount window at Federal Reserve Banks can, with some limitations, serve as an alternative to the federal funds market as a source of short-term funds. In the past, member bank borrowings tended to increase when the differential between the federal funds rate and the discount rate The behavior of member bank borrowing during the past widened. four weeks was generally consistent with this historic pattern (see table below). For instance, member bank borrowings over the four weeks ending November 7 averaged more than $2.5 billion. In contrast, during only one week over the year ending October 3 did average weekly borrowings exceed $2.0 billion and during only six During the past four weeks weeks did they exceed $1.5 billion. the spread between the federal funds rate and the discount rate was unusually wide, averaging more than 240 basis points since October 17. In contrast, it exceeded 100 basis points in only one other week during the past year. The sharp increase in member bank borrowings since the first week of October more than offset the reduction in nonborrowed reserves (not seasonally adjusted) from about $41.0 billion in the week ending October 3 to about $40.5 billion during the week ending November 7. Consequently, total reserves — a major component of the adjusted monetary base — showed a net increase from about $42.1 billion for the statement week ending October 3 to about $42.4 billion for the statement week ending November 7. Member Bank Borrowings and the Spread Between the Federal Funds Rate and the Discount Rate Week Endinq Oct. 3 10 17 24 31 Nov. 7 (1) Federal Funds Rate (2) Discount Rate Spread (1)-(2) 11.91% 12.00 13.22 15.14 15.61 13.77 11.00% 12.00 12.00 12.00 12.00 12.00 .91% -01.22 3.14 3.61 1.77 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Member Bank Borrowings (Millions of Dollar Not Seasonally Adjusted) $1,119 938 1,530 2,960 3,056 1,928 Prepared by Federal Reserve Bank of St. Louis Released. November 9, 1979 2 ADJUSTED MONETARY BASE AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BY THIS BANK BILLIONS OF DOLLARS 156 BILLIONS OF DOLLARS 156 —1—1— JL2Z9 aiu. IIJNS OCT. 3 151. 6 _ 10 152. 61 17 152. 31 153. 2 - NO V. 7 152. 8 ~ 154 . 152 150 - - 148 - - - - ue r N/~ - - 6 20 SEP 111 1111 111 1111 4 18 I 13 29 13 27 10 24 OCT NOV 1978 DEC JAN - DATA DO^ NOT INCLUDE REGULATION K RESERVES OF EDGE ACT CORPORATIONS SINCE HISTORICAL DATA ARE NOT PRESENTLY AVAILABLE FOR THE PERIODS COVERED BY THE CHART AND TABLES. AVAILABLE DATA INDICATE THAT THEIR INCLUSION WOULD HAVE ONLY MINOR EFFECTS ON LEVELS AND GROWTH RATES OF THE ADJUSTED MONETARY BASE. i i l 1 l l i 1 II l 1 l l II 1 l l l 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 7 21 7 21 4 18 FEB MAR APR LATEST DATA PLOTTED WEEK END INGi NOVEMBER 7, 16 30 13 27 II 25 MAY JUN 1979 JUL 17 31 8 22 OCT AUG - - - n p 14 28 NOV 1979 THE ADJUSTED MONETARY BASE CONSISTS OF: ( 1 ) MEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS, (2) CURRENCY IN CIRCULATION (CURRENCY HELD BY THE PUBLIC AND IN THE VAULTS OF COMME&CIAL BANKS), AND (3) AN ADJUSTMENT FOR RESERVE REQUIREMENT RATIO CHANGES. THE MAJOR SOURCE OF THE ADJUSTED MONETARY BASE IS FEDERAL RESERVE CREDIT. DATA ARE COMPUTED BY THIS BANK. A DETAILED DESCRIPTION OF THE ADJUSTED MONETARY BASE IS AVAILABLE FROM THIS BANK. ADJUSTED MONETARY BASE COMPOUNDED ANNUAL RATES OF CHANGE 11/8/78 2/7/79 5.0 6.3 5.6 6.6 7. 1 7.6 8.2 8.3 6.0 4.8 6.5 7.2 8.0 8.7 8.8 AVERAGE OF FOUR WEEKS ENDING: 4/4/79 5/9/79 6/6/79 7/4/79 8/8/79 9/5/79 7.0 9.2 9.5 10. 1 10.7 10.6 7.4 8.5 9.5 10.4 10.3 12. 1 12.3 12.6 12.1 11.5 12.1 11.6 13.1 12.1 1 1.7 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 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MULTIPLIER is ADJUSTED FEDERAL RESERVE CRED I T 2/ AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED RATIO 2.9 RATIO 2.9 2.8 MULT PLIER i979 S3 ' ‘t 11 111 mi i 11 Nil 11 i 111 mi 1111 in 111 ini RATH 1 j'ljj1 31 5!458 1111111 ii 1111’ LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31, 1979 BILLIONS OF DOLLARS 136 134 132 130 128 BILLIONS OF DOLLARS --- 1--- 1---- 1--” COMPOUNDED ANNUAL R>NTES -OFtheCHANGE. AVERAGE four Weeks end if <JG )M “ NOVEMBER 7. 1979 FR(JG_THE FOUR WEEKS END 1 - SEP. 5, 1979 14. AUG. 8, 1979 14.—JUL. 4, 1979 14. _ JUN. 6, 1979 13. MAY 9, 1979 11. : _ NOv! 8 ; 1978 9. 136 .A ADJ USTED FEDEf*AL RES LRVE 122 120 1 18 - \. r - - 1sza eigic NS _ OCl !lll III, .1.1 i i -LLL 1111 I 15 20 13 27 10 24 OCT NOV 1978 DEC JAN £? ii :1 7 21 NONf. 7 132.7 [ml in in llll 111 i i.i- 1 11 1 111 i_Lj 111 16 30 13 27 II 25 0 22 5 16 17 31 14 20 7 21 4 10 FEB MAR mi MAY APR JUN 1979 JUL OCT NOV LATEST DATA PLOTTED WEEK ENDING: NOVEMBER 7, 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 BANKS 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 3 134 132 - :redit - 126 124 - 130 128 126 124 122 120 I 18 4 MONEY STOCK PLUS NET TIME DEPOSITS (M2) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 950 =- BILLIONS OF DOLLARS 950 945 BILLIONS 940 932.9 936.7 939.6 938.7 937. I 938.2 920 935 930 925 =- 920 915 910 905 900 895 890 885 -=} 880 875 870 865 860 855 _850 4)8 FEB MAP. 2 16 SO 13 27 APR LATEST DATA PLOTTED WEEK ENDING* OCTOBER 31, JUN I1 25 0 8 22 JUL 1979 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. 111/1/78 1/31/79 3/28/79 2.6 4.6 4.7 6.0 6.8 7.3 7.8 7.8 7.6 6.9 8.6 9.4 9.7 10. 1 9.9 9.8 1 1.5 12.0 1 1.9 12. 1 1 1.5 5/2/79 5/30/79 7/4/79 8/1/79 12.8 12.7 1 1.5 12.2 10.8 8/29/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/28/79 5/ 2/79 5/30/79 7/ 4/79 8/ 1/79 8/29/79 10/ 3/79 10/31/79 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10.2 1 1.3 11.4 1 1.7 1 1 .0 14.3 13.5 13.2 12.2 10.4 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS MONEY STOCK (Ml ) AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 390 1 BILLIONS OF DOLLARS 390 1 isza 1 IT 1 1 1111 1 5 I am.IONS 377. 7 379. 7 380. 5 378. 7 376. 9 f 1 Z_ SEP . 26 -OCT. 3 10 17 24 m r - LL r •V- A { 1 1 1 1 J TTTT A. 1 1 1 1111 f 1 1 TTTTj A z /Vv 1 V 1 f----- ^ V''*'----J M = 1 1 1 IT K LL !!ixl 11.L 1 1 LL -LLL till SEP 4 IS OCT 1 11 I 15 29 13 27 10 24 NOV DEC JAN 7 21 FEB 11.1. ..LLL .LLU. 1 1 1. -LLL 1 1 1 1 7 21 MAR 2 16 30 13 27 II 25 8 22 MAY JUN JUL AUG 4 18 APR 111 5 19 SEP mi. -LLL OCT NOV 1979 1978 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31. 1979 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*. 11/1/78 1 /31/79 3/28/79 5/2/79 5/30/79 6.2 4.7 6.7 7.5 7.6 8.0 7.2 8.5 10.4 10.8 10 2 10.4 9.0 7.5 9.0 8.6 9.2 7.7 13.2 11.4 11.3 9.2 7/4/79 8/1/79 8/29/79 9.5 6.5 6.0 TO THE AVERAGE OF FOUR WEEKS ENDING*. 3/28/79 5/ 2/79 5/30/79 7/ 4/79 8/ 1/79 8/29/79 10/ 3/79 10/31/79 -1.2 1.8 1 .6 3.3 4.2 4.5 5. 1 4.7 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.9 10.4 7.8 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 5 360 6 t-v'-’ YIELDS ON SELECTED SECURITIES AVERAGES OF DAILY RATES ENDED FRIDAY 15.5 I 5. S 15.0 15.0 14.5 14.0 — 13.0 PRIME LOAN RATE 11.5 11.0 1 1 .0 90 DAY CD’S*** — 10.5 -E 7.5 COMMERCIAL PAPER CORPORATE Aaa BONDS MUNICIPAL I I I I I 5 10 15 29 13 27 10 24 2 16 2 16 50 13 27 11 25 8 22 6 20 3 17 31 14 28 12 ?8 0 23 SEP OCT JAN FEB OCT NOV 1978 1979 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEkfiER 9. 1979 7 14 21 28 OCT. 5 12 19 26 2 NOV. 9 X 16 23 30 SEP. 90 DAY CD* S warn PRIME COfcNERC 1AL PAPER 4-6 MONTH PRIME BANKERS* ACCEPTANCES CORPORATE Aaa BONDS MUN1C1 PAL BONDS XX 11.36 11.84 12.03 11.94 12.01 12.75 13.61 14.37 14.44 14.52 11.24 11.70 11.74 11.64 11.76 13. 18 13.32 14. 10 14.14 14.14 1 1.51 11.75 11.82 11.69 12.04 13.49 13.59 14.32 14. 1 1 14.25 9.34 9.42 9.49 9.50 9.66 9.91 10.09 10.50 10.73 10.83 6.47 6.49 5.57 6.56 6.64 7. 12 7. 18 7.38 7.26 N. A. * AVERAGES OF RATES AVAILABLE. XX BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA. ______ _ „ ^ XXX SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOR THE WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATES SHOWN. N.A.. - NOT AVAILABLE http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BV FEOERAL RESERVE BANK OF ST. LOUIS SELECTED INTEREST RATES AVERAGES OF DAILY RATES ENDED FRIDAY PERCENT 16.5 rr z 16.0 15.5 PERCENT ZZj 16.5 _ = z /i E 1 15.5 15.0 M.5 14.0 13.5 1 = = E I 1 = 12.0 E 1 13.5 13.0 T / 1 / Z ^ 10.0 i '—■'-J D1SCOU 'IT , -A 9.5 E r 9.0 = Vs RATE 1 10.0 z ■L 9.0 V\j s' = E V 8.5 8.0 EE-MONT 4 TRE kSURY BIL MARKE T YIE _D s/ 9.5 E 3-5 YEAR TREASURY SECURITIES -\ / / s /-- L^v. 1 1.0 10.5 JA- >1 FE 5ERAL FUNDS RATE 12.0 11.5 E / 12.5 E Z E = 7.5 7.5 5 s 0 = / 10.5 8.0 = ✓ E 8.5 14.0 E 1 = E 11.5 1 1.0 15.0 14.5 l ' 13.0 12.5 16.0 -LI 11 1 15 III in 10 OCT NOV 29 13 27 SEP 1111 111 111 8 22 5 IB 2 16 2 DEC MAR 24 JAN FEB 1111 111 111 1111 16 30 13 27 1 I 25 8 22 APR MAY 1978 JUN 111 1111 17 31 6 20 3 JUL AUG 1 1 1 1 1 141 L28 111 12 26 9 23 SEP OCT 1979 LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING: NOVEMBER 9, 1979 SEP. OCT. NOV. 7 14 21 28 5 12 19 26 2 9 * 16 23 30 NOV 1979 FEDERAL FUNDS K* 3-MONTH TREASURY BILL 6-MONTH TREASURY BILL *6I8« 1-YEAR TREASURY BILL 3-5 YEAR TREASURY SECURITIES LONG-TERM TREASURY SECUR1T1ES 11.02 11.30 11.37 1 1 .61 1 1 .91 12.00 13.22 15.14 15.61 13.77 10.20 10.45 10.26 10. 14 10.43 11.62 1 1.91 12.60 12.07 12.27 9.78 10.29 10.32 10. 1 1 10.33 10.66 1 1.72 12.65 12. 19 12.09 9.84 9.96 9.90 9.87 10.07 11.30 11.40 11.94 11.65 11.82 9.52 9.51 9.59 9.61 9.72 10.48 10.79 11.57 11.43 11.46 9. 12 9. 12 9. 13 9. 18 9.31 9.77 9.99 10.36 10.36 10.50 * 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. *** NEW ISSUE RATE 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 i 7 0 8 NET TIME DEPOSITS ALL COMMERCIAL BANKS AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS BILLIONS OF DOLLARS 570 565 BILLION? 555.1 557.0 559.2 560. I 560.2 561 .7 560 tz- OCT 560 555 550 545 540 535 530 525 520 515 510 505 500 495 I I I I I SEP 15 28 13 27 10 24 4 18 7 21 FEB OCT MAR LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31. 2 18 30 13 27 JUN 1979 APR II 25 8 22 5 18 3 17 31 14 28 JUL 1879 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. K NET TIME DEPOSITS ARE DEFINED AS: SAVINGS DEPOSITS. TIME DEPOSITS OPEN ACCOUNTPLUS TIME CERTIFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 8100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS. NET TIME DEPOSITS COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 11/1/78 1/31/79 3/28/79 5/2/79 5/30/79 7/4/79 8/1/79 8/29/79* TO THE AVERAGE OF FOUR WEEKS ENDING: 3/2B/79 5/ 2/79 5/30/79 7/ 4/79 8/ 1/79 8/29/79 10/ 3/79 10/31/79 5.3 6.6 6.9 8.0 8.7 9.3 9.7 10.0 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8.5 8.5 10.0 10.8 1 1.3 1 1.6 1 1.8 10.7 12.2 12.9 13.2 13.2 13.3 12.2 13.2 13.5 13.5 13.5 15.2 15.0 14.6 14.3 14.9 14.4 14. 1 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS DEMAND DEPOSIT COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS 285 ----- ,----- ,---- BILLIONS OF DOLLARS --------- ----- 285 ILLIONS 272.9 274.4 275. I 273.5 271.7 270.9 — OCT I I I I I 15 2S 13 27 10 24 7 21 FEB 2 MAR 16 30 13 27 II 25 8 22 APR 1979 LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31, 1979 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: 11/1/78 1/31/79 3/28/79 5/2/79 5.6 3.4 6.2 7.2 6.8 7.3 6.2 8.5 11.1 11.5 10.2 10.2 8.5 7.0 8.7 7.7 8.3 6.5 5/30/79 7/4/79 8/1/79 8/29/79 7.7 4.4 4.3 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/28/79 5/ 2/79 5/30/79 7/ 4/79 8/ 1/79 8/29/79 10/ 3/79 10/31/79 -4.8 -0.6 -1.0 1.3 2.4 2.6 3.4 2.9 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 14.6 11.4 1 1 . 1 8.4 8.6 9.3 6.3 PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 9 10 CURRENCY COMPONENT OF MONEY STOCK AVERAGES OF DAILY FIGURES SEASONALLY ADJUSTED BILLIONS OF DOLLARS billions of dollars BILLIONS 06 104.8 105.3 — OCT. 105.4 105.2 105.2 105.6 I I I I I SEP 15 29 15 27 10 24 OCT 4 7 21 FEB MAR 18 2 16 30 13 27 11 JUN APR LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31, 25 8 22 5 19 JUL 1979 CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE. CURRENCY COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING: 11/1/78 1/31/79 3/28/79 9.3 8.7 8.8 8.8 9. 1 9.7 10.0 9.8 7.5 8.0 8. 1 8.7 9.5 10.0 9.7 7.8 8. 1 9.0 10.0 10.5 10. 1 5/2/79 5/30/79 7/4/79 B/l/79 8/29/79 TO THE AVERAGE OF FOUR WEEKS ENDING: 3/28/79 5/ 2/79 5/30/79 7/ 4/79 8/ 1/79 8/29/79 10/ 3/79 10/31/79 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.0 9.9 11 . 1 1 1.5 10.9 10. 1 11.6 1 1.9 11.1 13.5 13.2 1 1 .9 PREPAREO 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 4.0 rz----1----- i---1979 MILLIONS BILLIONS OF DOLLARS --------------=1 4.0 1 119 938 1530 2960 3056 1928 SEP OCT NOV 1978 DEC JAN FEB MAR LATEST DATA PLOTTED WEEK ENDING*. NOVEMBER 7, APR MAY JUN 1979 JUL AUG SEP OCT NOV 1979 BUSINESS LOANS ( COMMERCIAL AND INDUSTRIAL ) BILLIONS OF DOLLARS WEEKLY REPORTING LARGE COMMERCIAL BANKS SEASONALLY ADJUSTED BILLIONS OF DOLLARS 158 COMPOUNDED ANNUAL RATES _ OF AVERAGE ur OF ur CHANGE. briMituc.. “ THE FOUR *EEKS ENDING — OCTOBER 31, 1979 FROM 156 54 152 AUG. 29, 1979 _ AUG. JUL. 4, 1979 MAY 30, 1979 2. 1979 _ MAY _ JAN. 31 , 1979 150 19.7 20.9 21 .7 148 146 144 142 140 138 136 bU.LU.QNg 134 132 SEP. 26 OCT. 3 153,070 130 151,735 152,508 I I I I I I I I I I I I 1 I I I I 15 29 13 27 10 24 FEB MAR JUN APR JUL LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31. 1979 http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS 11 128 126 0 12 CERTIFICATES OF DEPOSIT LARGE COMMERCIAL BANKS ILL IONS OF DOLLARS WEDNESDAY FIGURES NOT SEASONALLY ADJUS ItU BILLIONS OF DOLLARS BILLIONS 6 20 4 18 I 15 28 13 27 10 24 4 18 7 21 FEB MAR APR 2 16 30 13 27 JUN II 23 8 22 3 IB 3 17 31 JUL LATEST DATA PLOTTED WEEK ENDING: OCTOBER 31, 1979 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 C0M4ERCIAL BANKS. PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS http://fraser.stlouisfed.org Federal Reserve Bank of St. Louis