Full text of U.S. Financial Data : Week Ending October 11, 1967

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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DATA
u.s.WeekFinuncim
ending October 11r 1967

FEDERAL RESERVE CREDIT

BANK RESERVES (Continued)

Federal Reserve credit (page 2), averaged $16.9
billion, during the four weeks ending October 11. This
credit, which affects the reserve base of the banking
system, has risen at an 8 per cent annual rate in the
three months since late June, and at an 11 per cent rate
in the nine months since late December. The increase
jj^the past three months has reflected primarily net
J^^em purchases of Government securities.

change in the past three months, while they have risen
at a 5 Per cent annual rate in the past nine months.
By comparison, these reserves, which provide a base for
monetary expansion, rose at an average 1.5 per cent
rate from 1957 to 1966.

Member bank borrowings from the Federal Reserve
banks (page 8) are another source of Federal Reserve
credit. These borrowings averaged $145 million in the
biweekly settlement period ending October 11, up $55
million from the preceding biweekly period, but are still
at a relatively low level by historical standards. Bor­
rowings averaged about $750 million in the summer and early
fall of 1966, trended down in the fall and early winter,
and since last May have averaged about $100 million.
BARK RESERVES (Page 3)
Total reserves of member banks averaged $24.3
billion in the four weeks ending October 11, up at a 10
cent annual rate in the three months since late June,
•tSe same rate at which they have risen in the nine months

MONEY STOCK
The nation's money stock (page 5)7 which con­
sists of private demand deposits and currency in the
hands of the public, averaged $179.4 billion during the
four weeks ending October 4. Money has risen at a 6
per cent rate since late June, and at a 7 per cent rate
since late December, compared with a 2.4 per cent trend
rate from 1957 to 1966.
The demand deposit component of money (page 4 )
which averaged $139*6 billion during the four weeks
ending October 4, has risen at a 7 Per cent rate during
the last three months, and at an 8 per cent rate since
late December. Currency, the other component of the
money stock, has risen at a 4.5 per cent rate since late
December. Private demand deposits rose at about a 2
per cent rate and currency at a 3 per cent rate from
1957 to 1966.

since late December. In contrast to recent rates of growth,
reserves rose at an average 3 per cent trend from 1957
to 1966.

Reserves available for private demand deposits
(total reserves less reserves required for Government,
time, and net interbank deposits) have shown little net


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

Rates of change reported in this release are
intended to serve as summaries which may be
useful in analyzing recent developments.

Prepared by Federal Reserve Bank of St. Louis
Released: October 13,1967

2

FEDERAL RESERVE CREDIT [1
W e e k I y A ve ra g e s of Daily Figures

Billions of Dollars

Billions of Dollars

Seasonally Adjusted by this Bank [2
_LLI_LLL
~ FEDERAL RESERVE
—j— Annual rates of change of Federal Reserve Credit

4

—j—
[
~T
—
__
I

U<cf HOLDINGS

adjusted for reserve requirement changes
average of four weeks ending Oct. 11, 1967
from four weeks ending:
July
Apr.
JanOct.

12,
12,
11,
12,

1967
1967

Vf-76

*

¥(i.xr m,.7/

■

v*.7o'

vifc

■

<hx
/j

V (o

v-7.7

1967

Cilcjz
x
d" 9

y- 7 3
-j-l/.O
y- <}.g

1966

CREDIT

QuJUfS'

/L
J3
30
<4*./ (*

/3

'

i>c
<3 7

(Pel.

y
//

•/,’
/

VC,.//

-

V/,-7

'

VC
Vi
Vi-f/

Vis?
VP.CeC

■

■yi?S

■V7.CS’

■

y*4?y

■

■

vtxo

y^.jy"

■

Vi-^3
>/(~ii

VC,.3c
vie/

-

VC./C

vdl

■

ViP7

VC,.7i

-

VP, 3 7 VU.VX-V7-33 fi V7-VJ p'

Federal Reserve Credit

Federal Reserve Holdings of U.S. Government
and Federal Agency Securities

Borrowings

1/ Federal Reserve Credit excluding float and a few minor
items, and adjusted for reserve requirement changes.

2j Seasonal adjustment for Federal Reserve Holdings
Latest data preliminary
Latest data plotted week ending:

1 1
7

81

19


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

2

16

computed by this hank using data ending December 1965;
Borrowings from Federal Reserve not seasonally adjusted.
Current unadjusted data appear in the Board's H.4.1 release.

Oct. 11, 1967

i I I ..........1 1 1 1 1 1

30 14

28

11 25

8

•?.

8

22

5

19

3

17

31 14 28

1:

9

83

6

20

4

If

.3

27 10

Prepared by Federal Reserve Bank of St. Louis

RESERVES
All Member Banks in the Nation
Weekly Averages of Daily Figures

Billions of Dollars

26.0

Seasonal adjustment computed by this
bank using data ending December 1965
Unad justed data appear in the Board'
H.4.1 release.

TOTAL RESERVES
Annual rates of change, average of
four weeks ending Oct. 11, 1967
from four weeks ending:
July 12, 1967
9-? ?
Apr. 12, 1967
+J3
Jan. 11, 1967
y.?./
Oct. 12, 1966
y. 7 y

TOTAL
RESERVES

i , -

1957-1966

RESERVES
AVAILABLE
FOR PRIVATE
DEMAND DEPOSITS

s'

i'll
11
, 1
Reserves Available for
Private Demand Deposits

22.0

Kc.3t

/?

RESERVES AVAILABLE FOR
PRIVATE DEMAND DEPOSITS
Annual rates of change, average of
four weeks ending Oct. 11, 1967
from four weeks ending:
July 12, 1967
tO?
Apr.
12, 1967
-tsj
Jan.
11, 1967
yjiy
Oct.
12, 1966
-t-y/
1957-1966

/(■

■/■/■ y

1.1
Seasonal adjustment factors have been revised
to incorporate data through early 1967
—1—1—1—.—1—1—1—1—1—1—1—1—i—1—1—1—1—1—1—1—1_

7

2.1

5


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

2

16

30 It

Latest data preliminary
Latest data plotted week ending: Oct. 11, 1967
1

1

Jan.

Prepared by Federal Reserve Bank of St.Louis

DEMAND DEPOSIT COMPONENTOF U.S. MONEY STOCK*
Averages of Daily Figures
Seasonally Adjusted

Billions of Dollars

Billions of Dollars

four

--- from four vMks stifling:

WEEKLY DATA _

1967.
(LLfS

r

131.X
13 f.fc.

n /3t.3.
ii. /3 <r.
CL* a, /3i. ? .
* 1

/j?3 -

i«> 1311 13 /39..T •

V
-

'

30 /39 S
- fc /39.1
<3 IHOA.
1* /3f. /
17 131. 7

- 0.La- v noJfi

13-veek centered,
moving average

Weekly

*
_Latest data preliminary
— Latest data plotted veek ending:
7

21

5


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

19

2

16 30
Nov.

1966

lit 28

11

Oct. A, 1967
25

8

22

8

22

5

19

3

17

31

1^ 28

12 26

June

July
1967

Back
Current data appear in the Board's H
data appear in the August 1967 Federal Reserve Bulletin.
For trend of demand deposits by months see this bank's
monthly release entitled "Monetary Trends".
9 23

6

20

k

18

1

15

29 13

27

10 2k

7

21

6

Jan.
1968

Prepared by Federal Reserve Bank of St. Louis

20
Mar.

3
Apr

MONEY STOCK*
Averages of Daily Figures
Seasonally Ad usted

Billions of Dollars

5
Billions of Dollars

WEEKLY DATA
four weeks ending Oct. h, 1967
from
July
Apr.
Jan.
Oct.

four weeks ending:
5, 1967
+ <.-/
5> 1967
+ 7-0
4, 1967
+ *>?
5. 1966
4-S.i.

177 7
1778

171/

13-week centered
moving average

Weekly

Latest data preliminary
J_I_I_I_L

7

21

5

19

Sept.

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

2
Jan.

June

Current data appear in the Board's H.6 release.
Back
data appear in the August 1967 Federal Reserve Bulletin.
For trend of money stock by months see this bank's
monthly release entitled "Monetary Trends".
1.1.. 1
’? 10 24 7 21 6
Sept.
Oct.
Nov.

20

3

6

CERTIFICATES OF DEPOSIT [1_
Large Commercial Banks
Wednesday Figures

Billions of Dollars

Billions of Dollars

Millions of Dollars
,
1967

Annual rates of change, se«iinn»iiy unadjusted data
average of four weeks ending Oct. 4, 1967 from
four weeks ending:

n, ‘tn 7

+ Z0.3
ZO.i/0

20, yS7

22.0

2.0.0 it P
21.0

20.0

20.0

Current and year ago data appear in the
Board's K.k.2. release.
1/ Negotiable time certificates of deposit

Latest data preliminary
Latest data plotted:
7

21

5

19


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

2

16

30 14

Mil
28

11 25
Jan.

8 22
Feb

8

22

5

19

3

17 31

28
June

12

26

9

23

6

20

k

18

1

15

29 13

27

10 2k

7

21

Prepared by Federal Reserve Bank of St. Louis

6 20
Mar.

3
Apr

7

TIME DEPOSITS*
All Commercial Banks
Weekly Averages of Daily Fig ures
Seasonally Ad usted

ons of Dollars
PIP

210

Billions of Do] lars

212
210

208
206

208
206

frca four veeks ending:

204

204

202

202

+- 13.7
200

200

198

198

196

196

194

194

192

192

190

190

188

188

<jw. y
186

186

184

184

182

182

180

180

178

178

176

176

174

174

172

172

170

170

168

168

166

166

164

164

162

162

160

160

158

158
156

156

* Current data appear in the Board's H.6 release. Back
data appear in the August 1967 Federal Reserve Bulletin
For trend of time deposits by months see this bank's
monthly release entitled "Monetary Trends".

154
Latest data preliminary

0

..........................
.....
.........
.........
........
1 1 241
1 5 19
2
16 30 14 28 11 25
8
22
8 22 5 .........
19
3
17 31
14 28 12 ..26
9
23 6............
20 4 18 1 .........
15 29 13 27..
10
it.


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

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

21

154

6

Jan.

Prepared by Federal Reserve Bank of St. Louis

20

0

3
>r.

of Dollars

BORROWINGS AND EXCESS RESERVES

Millions of

All Member Banks in the Nation
,900

Averages of Daily Figures

.,800
BIWEEKLY DATA

.,700

BORROWINGS

.,6oo

i- 1 60
t JgO

.,500

+

.,too
:, 300
y-j/y/5

',200
BIWEEKLY SETTLEMENT PERIODS
.,100

WEEKLY DATA
a.oj'

.,000

7v-

**1 ■
aU, fi

l¥f/vs

6 20
Dec.

3 17
Jan.

900

r!3t
+-*77

i-l-r/s

800
700
600
500
Excess Reserves

1*00

fc£

300

•^Net Free Reserves

200
100
l

0
100
200
300
1*00
500
600
700
800
900

,000
,100

Latest data preliminary
Latest data plotted:
two weeks ending Oct. 11, 1967
I—L J. 1 I I I I........................... I I II I

1428
Sept.

12

26

9

Oct.


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

23
Nov.

1966

7

21
Dec.

1*

lS

Jan.

1

I5
Feb.

1

15
Mar.

29

12
Apr,

26 10

25

May

7

21

June

5

19 ' 2
July

1967

16
Aug.

30

13 27

11 25

Sept.

Oct.

8

22
Nov.

31 ll* 28
Feb.
1968

Prepared by Federal Reserve Bank of St. Louis

13 27
Mar.

BUSINESS LOANS
Large Commercial Banks
Wednesday Figures

Billions of Dollars

Billions of Dollars

II I I I I II I

Seasonally Adjusted by thisBank

6 3 •P'T’7
63' 70 g

(3SH
(■t 3o?
UAH*.

&3 yyr
ij, *9y

64

<?y y

I96O-I966

(*3,373

(.HAS*

£<?, ?yy
60! 6?/
i/y
6 J vT9#>

6 3,7f?

(>3.yej

(3,397

C.3, SSf
t*3.

6J / f ^
6^-23?

(3.3*1

latest data preliminary
latest data plotted: Oct.

Current and year ago unadjusted data appear in
the Board’s H.4.2. release.
Seasonal adjustment
computed by this bank using 1962 through 1966 data

1967

................ I I II I
5 19
2 16 30
Oct.
Nov.
1966


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

\

Millions of Dollars
SEASONALLY
ADJUSTED
UNADJUSTED
<sy
6 3, 7? 7

Annual rates of change, average of
four weeks ending Oct. 4, 1967
frost four veeks ending
July 5, 1967
V
Apr. 5, 1967
Jan. 4, 1967
+ 7. y
Oct. 5, 1966
+ <r v-

14 28 11
Dec.

25 8 22 8
22
Jan. Feb. Mar.

I I I...... I I I II I I I I I I I 1 IJ
3

17
May

31 l4 28
June

1967

12 26
July

9

23
Aug.

20 4 18
Sept. Oct.

1

15 29
Nov.

13

27 10

Dec.

24

Jan.

7 21
Feb.

6

20
Mar.

1968
Prepared by Federal Reserve Bank of St. Iouis

3
Apr.

10

YIELDS ON SELECTED SECURITIES
Weekly Avera ges of Daily Rates Ended Friday

Per Cent

Per Cent

3-MOUTH
TRIAS.
BILL
Y-30
’it V. n
X!
V./?

>4.7
cdyl

at

AJ.A H

’ll
!g

3-5
LONG-CORPORATE
TEAR TERM
Ana
S.M tfl
SS)
s.it t.to
ss?
S', Ik y-.gf
SSI,

yxt s. te

t to

sj->

Y, >s

s, it V. 7/
t- n S.js YtS

s sj

Y.Ad S.2.t

Y9t

s.sf
S.tJ,

Y3Z S.3S y.f7

¥. ¥/ J-.33

tit

Sts

g
,£

V. J/
¥.37

J. iX
S.27

Y7S
ft(,

S.tt
Sts'

2t

Y.st S.it

S.o/

S.tt

O- Ip

Y.tl Stt 5. Ot

S.l»-

* 13

t.ss S. ¥4- s.ot

S- 7¥

4tS

If*'/

2.7

S-tf

YY7 s.iS set

StCi

Corporate

Long-Term
Government Bonds

Discount Rate

Three-Month Treasury
Bill Market Yield

18 2
l6 30 13 27 10 24
Nov.
Dec.
Jan.
Feb.
1966

•• *AVERAG*S OF RATES AVAIIABLE
9

23 7 21
Sept.
Oct.

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

4

10 24
Mar.

7

21
Apr.

5

19 2
16 30 14 28 11 25 8
22 6 20
May
June
July
Aug.
Sept. Oct.
1967

3

17 1
Nov.

15
Dec.

29

12 26
Jan.

9

23
Feb.

8

22

Mar.
1968

Prepared by Federal Reserve Bank of St. Louis

5
Apr.

11
,

Per Cent

SELECTED SHORT-TERM INTEREST RATES
rreemy rtvera

ges or

l/oiiy

naies cnueu rriaay
PRIME
PAPER
4-6-MORTH

PRIME
LARGE
BARKERS
ACCEPTARCES

v lo

Prime Commercial Paper
. 4-to-6 Month

Prime Bankers
itances

it Rate

Federal Funds Rate

latest data plotted are averages of rates available for the week ending: Oct. 13. 1967
l 1 1 I l 1 l I
l l 1 1 I
II I I I 1 ,1,-1
J_I_L
9 23 7
21 It 18 2 16 30 13- 27 10 24 10 24
7
21 5 19 2 16 30 14 28 11 25
June
Sept.
Oct.
Nov.
1966
.
* AVERAGES OF RATES AVAILABLE

** SOURCE: SALOMON BROTHERS AND HOTZLER
http://fraser.stlouisfed.org
SECONDARY MARKET RATE ON 90-DAY PRIME CD'S.

Federal Reserve Bank of St. Louis

Per Cent

8

22

6

20

3

17

1

15 29

12

26 9

23

8

Prepared by Federal Reserve Bank of St. Louis

22
Mar.

5
Apr