Full text of U.S. Financial Data : Week Ending: October 13, 1976

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

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Federal Reserve Bank of St. Louis

F//V>»/VC/>1JL a XX
Week ending: October 13, 1976

Although business loans at large commercial banks
(paj»e 11) have declined, on average, by 6.1 percent from a year
ago, most of the decline came in the first half of 1976. In
fact, over the last two months business loans have increased at a
A.2 percent annual rate. From a high of $131 billion in early
December 1974, business loans at large banks declined to about
$120 billion in December 1975. By August 1976 business loans had
decreased even further to $110 billion. However, since early
August they have returned to levels comparable to those in late
June 1976.
Although business loans have declined, on balance, over
the last year, total loans at all commercial banks (excluding
domestic commercial interbank loans) have increased by 3.8
percent. Since March, total loans have increased at a slightly
higher 4.3 percent rate, and over the last two months they
have increased at an even more rapid 8.4 percent rate.
With the Federal funds rate averaging 22 basis points
lower than the discount rate over the third quarter, member bank
borrowings from Federal Reserve Banks have averaged $98 million.
This is higher than the $71 million average for the first quarter
of 1976 when the Federal funds rate was 77 basis points lower
than the discount rate. Member banks can cover short-term
reserve deficiencies by borrowing either from the Federal Reserve
Banks or from other commercial banks. The discount rate, which
has been 5.50 percent since mid-January 1976, is set by the Board
o Directors of each Federal Reserve Bank, subject to approval by
the Board of Governors of the Federal Reserve System. An
alternative to borrowing from a Federal Reserve Bank is to borrow
Federal funds (balances of other commercial banks on deposit at
Federal Reserve Banks) from other banks. Loans of Federal funds
are made at the market-determined Federal funds rate, which has
averaged 5.17 percent in the current week.
On a seasonally adjusted basis, large certificates of
deposit at large commercial banks are currently about $9 billion
below their level at the end of June 1976. On the other hand,
net time deposits (which exclude large CDs) have continued to
grow rapidly during 1976. Since the end of June, net time
deposits have increased by about $17 billion, which represents a
16.8 percent annual rate of growth.

Prepared by Federal Reserve Bank of St. Louis
Released: October 15, 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

6 20

3 17

AUG

SEP

1

13 29 12 26 10 24

7 21

4 16

3 17 31 14 26 12 26

APR

9 23

MAY

7 21

4 16

JUL

AUG

1 13 29 13 27

1976
LATEST DATA PLOTTED WEEK ENDINGi OCTOBER 13, 1976
THE MONETARY BASE CONSISTS OF kEMBER BA*K RESERVES AT THE FEDERAL RESERVE BANKS AND CURRENCY
IN CIRCULATION CCURRENCY HELD BY THE PUBLIC AND IN THE VAULTSOF COMMERCIAL BANKS), ADJUSTED
FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSITS BETWEEN BAMCS
WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. THE MAJOR SOURCES OF THE MONETARY BASE ARE
FEDERAL RESERVE CREDIT AND THE GOLD STOCK. DATA ARE COkTUTED 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 ENDtNGt
10/15/75

1/14/76

3/10/76

4/14/76

5/12/76

6/16/76

7/14/76

8/11/76

8.6
9.2
9.2
7.9
7.4
7.8
7.7

7.9
8.3
6.7
6.2
6.9
6.9

10.0
7.2
6.4
7.3
7.2

5.6
5.0
6.4
6.5

2.6
5.4
5.8

7.3
7.2

6.8

TO THE AVERAGE
OF FOUR WEEKS
END 1NG»
3/10/76
4/14/76
5/12/76
6/16/76
7/14/76
8/11/76
9/15/76
10/13/76

2


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

8.0
7.5
8.0
8.1
7.4
7.1
7.4
7.4

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

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

RATIO

RATIO

MULTIPLIER

ISIflt

RATIO

1 J I I I I 1 1
LATEST DATA PLOTTED WEEK ENDING. OCTOBER 6, 1976
BILLIONS OP DOLLARS

BILLIONS OP DOLLARS
IIS

COMPOUNDED ANNUAL RATES
OF CHANCE. AVERAGE OF
THE FOUR WEEKS ENDING
OCTOBER 13. 1976 FROM
THE FOUR WEEKS ENDINCi
AUG.
JUL.
JUN.
MAY
APR.
JAN.
OCT.

11,
14,
16,
12,
14,
14,
15.

1976
1976
1976
1976
1976
1976
1975

8.0
7.0
5.3
6.1
7.4
7.5
7.9

116
114

112

110

ADJUSTED FEDERAL RESERVE CREDIT

108
106
104

ISIS.

MILLIONS -

102

100

6 20
AUG

3 17
SEP

1 13 29 12 26 10 24
OCT
NOV
DEC
1975

7 21
JAN

4 1«
FEB

1 1 I I M I I 1 I I I I I 1 I
3 17 31 14 23 12 26 9 23 7 21 4 16 1 13 26 13 27
MAR
APR MAY
JUN
JUL AUG
SEP
OCT
1976

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 13. 1976
1/ RATIO OF MONEY STOCK (Ml ) / 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 SUBTRACtlNG TREASURY
DEPOSITS AT FEDERAL RESERVE BANKS FROM THIS SERIES. AND ADJUSTING THE SERIES FOR^SERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE &AME TYPE OF DEPOSITS BETWEEN BANKS
VWCRE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY. DATA ARE COMPUTED 8Y 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
BILLIONS OF DOLLARS

197$

TIME DEPOSITS (M2)

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
730
725

BILLIONS
715.6
715.6

720

719.9
719.7

715
710

705

705

—

700
695
690
665
660
675
670
665
660
655
650
* 20

3 17

AUG

SEP

1 15 29 12 2>i 10 24

7 21

41*

JAN

FEB

14 26 tz 2*

3 17

APR

MAY

7 21

4 1*

JUL

AUG

9 23

1 15 29 13 27

1976
LATEST DATA PLOTTED WEEK ENDING* OCTOBER 6, 1976
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6 RELEASE.

MONEY STOCK PLUS NET TIME DEPOSITS l M2)
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING.
10/8/75

1/7/76

3/3/76

4/7/76

12.5
13.6
12.4
11.3
11.7
11.3
11.5

12.9
11.2
10.0
10.6
10.4
10.8

12.3
10.2
11.1
10.7
11,1

5/5/76

6/9/76

7/7/76

8/4/76

9.7
9.6
10.4

11.4
11.9

11.1

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
3/
4/
5/
6/
7/
6/
9/
10/

4

3/76
7/76
5/76
9/76
7/76
4/76
8/76
6/76


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

10. 1
9.9
10.9
10.5
10.0
10.4
10.3
10.5

7.1
9.1
9.2
9.9

PREPARED BY FEDERAL RESERVE BANK OF ST. i_OU!S

0

MONEY STOCK ( Ml )
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

31S

BILLIONS OF DOLLARS

315

i—i—

~

1

-

1970
SEP.

310
I

OC

T.

BILLIONS
1
S

15

305.9
304.3
308.9

zz
29

5U0 .8
S8i .8

6

IT T

_

3t0

.8

A

305

300

205

A

r A-

-

A=

i/

r

V

/V . ,

- V

A

A

I

z

305

300

/v
A

-

-

290

2B0

‘ill

1 i i

1 ii I

111

AUG

5F

OCT
1975

NOV

m i _LLL -LLI. JLLLL Ml
DEC

JAN

FEB

MAR

AFR

I 1 1 . 1111 _LLL .1 i i
MAY

JUN

JUL

1.1 1 1 _LLL

AUG

OCT

1978

LATEST DATA PLOTTED WEEK OOINB. OCTOBER S, 197B
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.6
THE MONEY STOCK CONSISTS OF DEMAND DEPOSITS PLUS CURRENCY AM) COIN tCLD BY THE NOWAMC PUBLIC.

MONEY STOCK (Ml)
COMPOUNDED ANNUAL RATES OF CHANCE , AVERAGE OF FOUR WEEKS ENDINGi
A/7/79
10/8/75
1/7/76
3/3/76
7/7/79
9/A/T9
5/5/76
6/8/76
TO THE AVERAGE
OF FOUR SEEKS
END INCt
5/ 5/78
A/ 7/79

5/ 5/76
9/
7/
9/
9/

9/79
7/79
A/79

6/76

10/ 9/79


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

2.9
3.5
5.6
5.3
4.5
5.0
4.7
4.7

4.8
6.3
7.2
5.6
6.2
5.7
5.6

12.3
9.1
6.4
7.0
6.2
6.0

10.7
6.5
7.2
6.2
6.0

0.6
3.5
3.3
3.6

3.5
3.2
3.6

5.9
5.5

3.7

PREPARED BY FEDERAL RESERVE BAMC OF ST. LOUIS

5

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
10.5 i—
10,0

PERCENT

—1 10.5

-

-

9.5

9.0

z
-

I IQNDS

-

to

IME BAA K
AN RATE

1

z

V

^

A

8.0

1
'

-

k
kJIHdir
rPAi
BONDS**

5.5

r
—

X|
v

\

A

0

^

90 DAY CO ‘smm

=
LULL

II II 1 111 _LLL .1

*22

S 19 3 17 9t 14 29 12 26

AUG

SEP OCT
NOV
1975

DEC

JJLL 111

8 25 6 20

JAN

FEB

in

111

3 19 2 16 30 1 4 29 11 23

MAR

APR

MAY

JUN
1976

1 III. III. ..111. ■111 -L
9 23 6 20

JUL

AUG

3 17 1 13 29

SEP

OCT

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE MEEK ENDING* OCTOBER 15, 1976

1978
AUG.

6

13
20
27
SEP.
3
10
17
24
OCT.
1
8
15 *
22
29

90 DAY
CD’S***

PRIME
COMMERCIAL
PAPER
4—fl MONTH

PRIME
BANKERS’
ACCEPTANCES

CORPORATE
Aaa BONDS

MUNICIPAL
BOM)S**

5.36
5.45
5.35
5.35
5.33
5.34
5.35
5.28
5.33
5.28
5.17

5.50
5.50
5.50
5.43
5.45
5.50
5.50
5.38
5.38
5.38
5.25

5.34
5.34
5.33
5.30
5.28
5.31
5.30
5.26
5.25
5.22
5.09

8.51
8.48
8.42
8.42
8.41
8.38
8.39
8.36
8.37
8.33
8.31

6.65
6.60
6.60
6.58
6.52
6.52
6.50
6.52
6.47
6.33
N.A.

______________
* AVERAGES OF RATES AVAILABLE.

6

Mi BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
mrn 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


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

6.5

5.0

z

5JJ_L 1 1 1

7.0

5.5

4,5
4.0

•
^

7.5

6.0

*\

COM! 4ERCIAL PAPEI

-LLJ1

5.0

T

s'

✓

V

TTTT TTTT

6.0

p

111 Li.

6.5

arTi

8.5

-

TTTT

7.5
7.0

9.5
9.0

CO VORATf Aaa

8.5

8.0

10.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

4.5
4.0
0

SELECTED SHORT-TERM

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT

DISCOUNT RATE

FEDERAL FUNDS RATE

< 22

5 19

AUG

SEP

S 17 31 14 26 12 20
NOV DEC

• 23

0 20

S 19

FEB

MAR

2 It 50 14 2B It 23

9 23

6 20

3 IT

1 IS m

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGi OCTOBER 15, 19TB

1976
AUG.

6
13
20
27
SEP.
3
10
17
24
OCT •
1
6

is *
22

FEDERAL
FUNDSm

3-MONTH
TREASURY
BILLS

t-YEAR
TREASURY
BILL

3-5 YEAR
SOVERNCNT
SECURITIES

LONG-TERM
S0VERN9CNT
SECURITIES

5.36
5.25
5.29
5.28
5.28
5.25
5.22
5.21
5.32
5.17
5.02

5.16
5.17
5.15
5.11
5.09
5.11
5.10
5.05
5.06
5.04
4.90

5.72
5.65
5.64
5.59
5.56
5.53
5.52
5.43
5.48
5.31
5.14

7.12
7.06
7,04
6.96
6.91
6.88
6.89
6.80
6.80
6.61
6.39

7.82
7.80
7.79
7.76
7.72
7.70
7.66
7.62
7,63
7.56
7.51

29

—— -

,

___________________________________

* AVERAGES OF RATES AVAILABLE.
**
^KnI!i£,lN£.rWISf£i0AY TO 0AYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS* H.S RELEASE.
RATES ON LONG-TERM GOVERfMENT 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. LQUtS

7

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

BILLIONS OF DOLLARS

billions of dollars

409.7
411.3
415.0
416.9

■ 20

I 11

T IS 9 12 If to 24

7 21
JAN

4 II
FEB

14 M 12 M

» 1?

• 11

7 21

4 t«

JUL

AUG

1 II HU 2T

LATEST DATA PLOTTED SEEK EM) I NO. OCTOBER 6. 1976
CURRENT DATA APPEAR IN TIC BOARD OF GOVERNORS* H.6 RELEASE.
PLUS TIME
■ NET TINE DEPOSITS ARE DEFINED AS. yVINOS DEPOSITS. TIME DEPOSITS OPEN AQCOUNT P

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANCE, AVERAGE OF FOUR WEEKS ENDING.

IQ/S/75

1/7/76

5/5/76

4/7/76

1B.9
17.9
16.6
16.0
16.1
16.0
16.3

13.2
12.9
12.9
13.5
13.6
14.5

13.4
13.2
14.0
14.2
15.0

w

-

vs/re

6/9/76

12.6
13.B
14.1
15.1

14.6
14.8

7/7/76

It-4/76

15.7
16.6

17.0

TO THE AVERAGE
OF FOUR WEEKS
ENDING.
V
V
5/
6/
7/
«/
0/
10/

3/76
7/76
5/76
9/76
7/76
4/76
fl/76
6/76

8


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

16.2
15.4
15.3
14.9
14.7
14.6
14.0
15.2

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

BILLIONS
225.2
235
229.0

230

225

220

215

4 16

AUG

SEP

JAN

FEB

APR

1 IS 29 19 27

MAY

1975

1976

LATEST DATA PLOTTED WEEK ENDING* OCTOBER 8, 1976
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*
10/8/75

1/7/76

0.6
1.2
3.7
3.4
2.7
3.2
3.0
3.0

2.4
6.6
5.5
4.0
4.7
4.2
4. 1

3/3/76

4/7/76

5/5/76

11.5
7.9
5.2
5.9
5.0
4.7

10.3
5.7
6.5
5.3
4.9

-0.8
2.1
1.9
2.1

6/9/76

7/7/76

8/4/76

2.3
2.0
2.2

4.7
4.1

2.1

TO THE AVERAGE
OF FOUR WEEKS
ENDING*
3/
4/
5/
6/
7/
8/
9/
10/

3/76
7/76
5/76
9/76
7/76
4/76
8/76
6/76

i


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
BILLIONS OF DOLLARS

6 20

3 17

WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

I 11 21 12 30 10 24

7 21
JAN

4 IS
FEB

3 17 31 14 2S 12 26

1975

BILLIONS OF DOLLARS

9 23

7 21

4 IS

JUL

AUG

1 13 29 13 27

1976

LATEST DATA PLOTTED WEEK ENDING* OCTOBER 6, 1976
CURRENT DATA APPEAR IN THE BOARO OF BOVERNORS* H.S RELEASE.
NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF 9100,000 OR MORE BY LARGE
MEEKLY REPORTING COMMERCIAL BANKS7


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

1976
AUG.

4
11
18
25
SEP.
1
8
15
22
29
OCT.
6
13
20
27

CERTIFICATES CERTIFICATES
OP DEPOSIT
OF DEPOSIT
NOT SEAS. ADJ. SEAS. ADJ.
67.3
66.6
66.2
66.0
65.7
65.3
64.9
65.1
65.8
65.6

66.5
65.4
64.4
63.5
62.8
62.4
62.0
62.2
62.9
62.7

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
K5 --------- ------------------

BILLIONS OF DOLLARS
----- 1------------ 1--------- 1.5
18Zft

6 20

5 17 1 15 29 12 28 10 24

7 21

<1 18

3 17 31 14 28 12 28

AUG

SEP

JAN

FEB

MAR

OCT
NOV
1975

DEC

APR

MAY

9 23 7 21

JUN
1976

JUL

MILLIONS

4 18

1 18 29 13 27

AUG

SEP

OCT

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 13, 1976

BUSINESS LOANS

(COMMERCIAL AND
BILLIONS OF DOLLARS
124
122
120
-*^s—
118
116
114

116

\

112

10B
106
104
102

BILLIONS OF DOLLARS
124
122
120
116
-

-

110

INDUSTRIAL)

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

114

-

112
-

—

-

-

-

-

_ COMPOUNDED ANNUAL RATES
OF CHANGE, average of
inc ruun
crvirt(I
— OCTOBER 6. 1976 FROM
— THE FOUR WEEKS END INGi

“ AUG.
4, 1976
100 — JUL.
7, 1976
— JUN.
9, 1976
5, 1976
96 — MAY
APR. 7, 1976
JAN. 7, 1976
96 ^ ‘ OCT.
8, 1975
**1-1.1 1 1 1 1 1 1 1 1 1 1

4.2
0.7
-1.4
-0.5
-4.5
-9.0
-6.1
1 1 1

.

19715

MILL IQ

.SEP.

L 1.1.11. J.1.1 .1-11.1 _LLLL -111. 1 1 1

8 20

3 17 1 13 29 12 26 10 24

7 21

4 18

3 17

AUG

SEP

JAN

FEB

MAR

OCT
NOV
1975

NS

DEC

1 1 1 1

31 14 28 12 26 9 23

APR

MAY

JUN
1976

1
6
15
22
29
OCT • 6
LI l 1

JJJL

110
106
106
104

~

102

111,276
_
111,236
_
111,075
111,497
“
111,644
~
112,029
—
1 L.1.1 11111.'

7 21

4 16

1 13 29 13 27

JUL

AUG

SEP

96

OCT

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 6, 1976


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

FEDERAL RESERVE BANK OF ST LOUIS
P. 0. BOX 442
ST. LOUIS, MISSOURI 63166

FIRST CLASS MAIL
U. S. POSTAGE

RETURN POSTAGE GUARANTEED
PERMIT

FIRST CLASS (MIL

PRESORTED

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

550

BILLIONS OF DOLLARS

iniiiiii

8ILLI0NS OF DOLLARS
560

= COMPOUNDED ANNUAL RATES OF CHANGE,
= average of the four *keks ending
= OCJOOER 6, ’976 FROM THE FOUR
— WEEKS ENDINGi
CREDIT
CREDIT
PROXY
PROXY
ADJUSTED

l

540

520

4,
7,
9.
5.
7.
7.
8.

1976
1976
1978
1976
1976
1976
1975

540

1*2
1.8
4.3
3.3
3.3
2.9
3.5

i
/

CREDI T PROX

510

t

ADJl STED

\/T—

530

1

r- |

\

520

iniiiiii

530

= AUG.
= JUL.
= JUN.
-MAY
= APR*
= JAN*
= OCT.

CRED! T PROX"
500

510

500
1976

BILLIONS

400

CREDIT
PROXY

CREDIT
PROXY

____=

adjusted

490

—

SEP.

480

470
OCT.

LLL
8 20

AUG

X

3 17
SEP

I 11

LLL INI

I IS 2S 12 28 10 24
OCT
NOV
DEC
1975

LL

7 21
JAN

LLL -LL J. I

4 18
FEB

1
6
15
22
29
6

JLL Ill I I I I

3 17 31 T4 29 12 28 9 23
MAH
APR
MAY
JUN
1976

514.0
513.6
516.4
516.0
514.2
520.2

522.6
521.5
524*1
524.6
522.6
528.6

----3
3
=
*•—

11 I I II I I I 1 I I 1 I ll

7 21

Jin.

4 t«
AUG

1 15 2® 13 22
SEP
OCT

LATEST DATA PLOTTED MEEK ENDINGi OCTOBER 6. 1978
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.
"

^A?f§?^*N»!g&SIrfTgl«RC'AL PAPER- EUR000LL^ BORROWINGS OF
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

12

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

480

4/0