Full text of U.S. Financial Data : Week Ending: October 8, 1975

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

Week ending: October 8, 1975

In the last three months the growth of the broadly
defined money supply (M2) has slowed to an annual rate of 5.7
percent, compared to a 13.6 percent rate in the prior four
months. Both components of M2, the narrowly defined money
stock (Ml) and net time deposits, have contributed to this
reduction in the growth rate of M2. The growth of Ml has
slowed to a 1.6 percent rate in the last three months, com­
pared to an 11.7 percent rate in the previous four months.
Likewise, growth of net time deposits has slowed to about a
9 percent rate since mid-June, compared to a 15.3 percent
rate in the prior four months.
Although in the last three months business loans
at weekly reporting large commercial banks have continued
the decline which began in mid-December 1974, the sharpness
of the decline has moderated. Since mid—June business loans
have declined at a 7.7 percent annual rate, in contrast to
about a 14 percent rate of decline from mid-December through
mid-June. The decline in business loans reflects not only
the slowdown in general economic activity, but also the cost
of alternative sources of business financing, notably commer­
cial paper. While business loans have declined by approxi­
mately $13 billion since mid-December, the volume of commercial
paper outstanding has remained relatively stable at approxi­
mately $50 billion.
The cost advantage of the commercial paper market
as a source of funds for businesses can be seen in the spread
between the interest rate charged on four- to six-month prime
commercial paper and the rate charged by commercial banks on
short-term loans to large businesses with the highest credit
standing (prime rate). Since mid-August the prime rate has
exceeded the commercial paper rate by about 100 basis points.
In contrast, in the first half of last year, the spread
between the prime rate and the commercial paper rate was
narrower and, at times, the rate on commercial paper was
higher than the prime rate. During that period business
loans at commercial banks were rising rapidly, while the
volume of commercial paper remained comparatively stable.

Prepared by Federal Reserve Bank of St. Louis
Released: October JO, 1975

MONETARY BASE

AVERAGES OF DAILY FiGURES
SEASONALLY ADJUSTED BY THIS BANK

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

---- -------- ----------

120 -------- 1-------- 1-----MILLIONS

4 18
AUG

2 16 30 13 ZT 11 25

SEP

NOV

8 22

DEC

5 19
FEB

S 19
MAR

2 16 30 M 28 11 25
MAY
JUN

9 23

6 20
AUG

3 17
SEP

1 15 29

LATEST DATA PLOTTED WEEK EWINGi OCTOBER 8, 1975
rue uotsTARY BASE CONS ISTS OF kiEMBER BANK RESERVES AT THE FEDERAL RESERVE BANKS AND CURRENCY
nfciRCULAT I ON (CURRENCY HELD E^THE PUBLIC AW IN TV€ VAULTS OF COMMERCIAL BANKS). ADJUSTS)
FOR RESERVE REQUIREMENT RATI0 CHANGES AM) SHIFTS IN THE SAKE TYPE OF DEPOSITS BETWEEN BAM^S
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 BAhK. 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.

COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDING!
8/6/75
7/9/75
5/7/75 6/11/75
4/9/75
3/5/75
1/8/75
10/9/74
TO THE AVERAGE
OF FOUR WEEKS
ENDINGt
3/ 5/75
4/ 9/75
5/ 7/75
6/11/75
7/ 9/75
8/ 6/75
9/10/T5
10/ 8/75

2


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

6.5
7.4
6.6
6.7
7.9
7.0
7.1
6.9

5.3
4.4
5.0
7.1
6.0
6.3
6.0

6.7
6.8
9.5
7.5
7.6
7. 1

4.7
9.0
6.6
6.9
6.4

12.4
8. 1
8.0
7.3

8.8
8*4
7.4

3.8
3.9

6. 1

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

120

MULTIPLIERS
FEDERAL RESERVE CREDIT*/
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

RATIO

RATIO

MULTIPLIER

— 2.2

LATEST DATA PLOTTED WEEK ENDINGi OCTOBER 1, 1975
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
110

COMPOUNDED ANNUAL RATES
__ .OF CHANGE. AVERAGE OF
THE FOUR WEEKS ENDING
- OCTOBER 8. 1975 FROM
THE FOUR WEEKS ENDING.
1975
1975
1975
1975
1975
1974

— MAY
~ JAN
___OCT

108
FEDERAL RESERVE CREDIT

106

29.2
7.7
3.8
6.9
11.4
9.4

104

8.8

102

100

98

1975

MILLIONS
98

94

AUG

4 18
SEP

2 16 30 13 27 11 25
NOV
DEC

8 22

5 IS
FEB

5 19
MAR

2 16

14 28 11 25
MAY
JUN

9 23

6 20
AUG

9 17
SEP

1

15 29

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 8, 1975
1/ RATIO OF MONEY STOCK (Ml ) / MONETARY BASE.
2/ DEFINED TO INCLUDE HOLDINGS OF SECURITIES, LOANS, FLOAT AND ••OTHER” ASSETS, ADJUSTED
FOR RESERVE REQUIREMENT RATIO CHANGES AND SHIFTS IN THE SAME TYPE OF DEPOSIT^ BETWEEN
BANKS WHERE DIFFERENT RESERVE REQUIREMENT RATIOS APPLY.
DATA ARE SEASONALLY ADJUSTED
BY THIS BANK.


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK PLUS NET TIME DEPOS TS
AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS OF DOLLARS

665
BILLIONS

660

655.5
656.0
656.5
656.8
654.8
655.2

655
650
645
640
635
630
625
620
615
610
605
600

7 21

4 18

AUG

SEP

2 1690 13 27 11 25
NOV

DEC

L 1.1.1 L-L. L-li-l-Ll
8 22 5 18 5 19
FEB
MAR

2 16 90 14 28 11
MAY
JUN

I I I I I I I I I 1 I I
6 20 3 17 1 15 29

9 29

AUG

SEP

1975

1974
LATEST DATA PLOTTED WEEK ENDINGt OCTOBER 1,

1975

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!
10/2/74

1/1/75

2/26/75

4/2/75

4/30/75

6/4/75

7/2/75

7/30/75

7.0
5.7

4.8

TO THE AVERAGE
OF FOUR WEEKS
ENDING!
2/26/75
4/ 2/75
4/30/75
6/ 4/75
7/ 2/75
7/30/75
9/ 3/75
10/ 1/75

4


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

6.4
7.6
7.4
8,7
9.7
9.5
9.2
8.7

8.2
7.7
9.7
11.0
10.6
10.0
9.2

9.6
12.1
13.6
12.5
11.3
10.2

11.9
14.0
12.5
11.1
9.8

17.7
14.6
12.2
10.5

13.2
10.5
8.7

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

MONEY STOCK

AVERAGES OF DAILY FIGURES
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS

BILLIONS of dollars

BILL. L QMS.
AUG.

AUG

4 18
SEP

295.9
295.4
295.5
295.4
293.4
293.1

i.u.j.uiij.jj.,1 Li-xJ

2 16 30 IS 27 11 25
NOV
DEC

8 22

5 18
FEB

5 19
MAR

LiJJJ
2 18 90 14 28 11 25
MAY
JUN

9 25

6 20
AUG

5 17
SEP

1 15 29

LATEST DATA PLOTTED WEEK ENDING* OCTOBER 1, 1973
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.

COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING:
10/2/74

1/1/75

2/26/75

1.4
3.5
3.0
4.9
6.0
5.5
5.4
4.9

1.6
1.3
4.5
6.4
5.6
5.4
4.8

6.9
10.2
11.7
9.5
8.6
7.4

4/2/75

4/30/75

6/4/75

7/2/75

7/30/75

2.8
1 .6

2.2

TO THE AVERAGE
OF FOUR WEEKS
ENDING:
2/26/75
4/ 2/75
4/30/75
6/ 4/75
7/ 2/75
7/30/75
9/ 3/75
10/ 1/75


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

9.0
11.4
8.7
7.8
6.4

16.6
1 1.4
9.5
7.5

8.4
6.9
5.0

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

5

YIELDS ON SELECTED SECURITIES
AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT

PERCENT
-=! 13.5
13.0
12.5

12.0
1 1.5

1 1.0
RIME BANK
■PAN RATE

10.5

10.0
9.5
CORPORATE AAA BONOS

9.0
8.5
8.0
7.5

MUNICI PAL
BONDS a*

7.0
6.5
6.0
COMMERCIAL PAPER
5.5
5.0
4.5
0
2 16 30 15 27

11

25

8 22

6 20

3 17 31

14 28 14 28 11

FEB

MAR

25

9 23

6 20

4 18

1

15 29 12 26 10 24

APR

1974

1975

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDING. OCTOBER 10, 1975

1975
AUG.

1
8
15
22
29
SEP.
5
12
19
26
OCT.
3
10 X
17
24
31

90 DAY
CD’S H86K

PRIME
COMMERCIAL
PAPER
4-6 MONTH

PRIME
BANKERS’
ACCEPTANCES

CORPORATE
AAA BONDS

MUNICIPAL
BONDS *BK

6.66
6.67
6.89
6.85
6.95
6.94
7.05
7.04
7.03
7.01
7.18

6.53
6.63
6.68
6.75
6.75
6.75
6.75
6.93
6.95
6.93
6.96

6.48
6.66
6.73
6.79
6.83
6.82
6.85
6.82
6.81
6.79
6.62

8.86
8.93
8.95
8.96
8.96
8.93
8.94
8.98
8.94
8.96
8.95

7.09
7.16
7.17
7.18
7.18
7.34
7.40
7.49
7.54
7.67
N.A.

* AVERAGES OF RATES AVAILABLE.
HOE BOND BUYER’S AVERAGE INDEX OF 20 MUNICIPAL BONDS, THURSDAY DATA.
__
mat SEVEN-DAY AVERAGES OF SECONDARY MARKET RATES FOft THE WEEK ENDING WEDNESDAYTWO.DAYS
EARLIER THAN DATES SHOWN. CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.

6

N.A. - NOT AVAILABLE


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

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

SELECTED SHORT-TERM

INTEREST RATES

AVERAGES OF DAILY RATES ENDED FRIDAY

PERCENT
13.0 r—

PERCENT
tn 13.0

~~

12.5

^/\

E

12.0
1 1.5

e

E

E
E

i

E

E

E

11.0
10.5

9.0
8.5

.

E

V

E
E

8.0

\A

V
\

E

7.5

E

1

\

TUDCC
RIM UARK’PT Y 1 PI H

E
DISCOUNT RATE

----- 1

6.0

E

E

E

““

E
E

E

C ft
4.5

0

7.0
6.5

6.0
5.5
5.0
4.5

E

4.0
3.5

10.0

8.5

"nj

7.0

5.5

11.0

9.0

\\

E/

E

11.5

9.5

E

6.5

E

FED!ERAL F UNDS r;\TE

8.0
7.5

12.0

10.5

10.0
9.5

12.5

4.0

E
55 1111
H 18
AUG

l l l
i i i -LLU
30 13 27 11 25 8 22
SEP
OCT
NOV
1974

..n
i
8 20
DEC

1111
1 1 1
1 1 1
1 1 1
1 1 1 1 -LI 1
3 17 31 14 28 14 28 11 25 9 23 8 20
JAN
FEB
MAR
APR
MAY
JUN
1975

111
12 26 10 24
SEP
OCT

-LL.J.J
J-1.114 18 1 15 29
JUL

AUG

LATEST DATA PLOTTED ARE AVERAGES OF RATES AVAILABLE FOR THE WEEK ENDINGs OCTOBER 10,

1975
AUG.

SEP.

OCT.

1
8
15
22
29
5
12
19
26
3
10 *
17
24
31

E
1
Mil.

3.5
0

1975

FEDERAL
FUNDS **

3-MONTH
TREASURY
BILLS

1-YEAR
TREASURY
BILL

3-5 YEAR
GOVERNMENT
SECURITIES

LONG-TERM
GOVERNMENT
SECURITIES

6.25
6.09
6.08
6. 15
6.23
6.06
6'. 15
6.28
6.29
6.36
6.06

6.28
6.42
6.42
6.46
6.49
6.38
6.43
6.45
6.38
6.46
6.28

6.86
7. 1 1
7.17
7.26
7. 16
7.07
7.14
7.31
7.21
7.16
6.81

7.86
8.05
8.13
8.20
8.12
8.07
8.26
8.34
8.18
8.22
7.99

6.92
7.00
7.01
7.14
7.12
7. 1 1
7.25
7.34
7.35
7.43
7.37

* AVERAGES OF RATES AVAILABLE.
*0* SEVEN-DAY AVERAGES FOR WEEK ENDING WEDNESDAY TWO DAYS EARLIER THAN DATE SHOWN.
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.9 RELEASE.


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

tiiLLioNS of dollars

billions of dollars

BILLIONS
AUG.

I

27

359.6
360.6
361.0
361.3
361.3

OCT

7 21
AUG

4 15
SEP

i i M
i t i
2 15 50 15 27 11 25 8 22
NOV
DEC

5 19
FEB

5 19
MAR

2 16 50 14 29 11 25

9 25

6 20
AUG

5 17
SEP

II I l
I 15 29

LATEST DATA PLOTTED WEEK ENDING, OCTOBER 1, 1975
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS' H.6 RELEASE.
■ NET TIME DEPOSITS ARE DEFINED AS, SAVINGS DEPOSITS. TIME DEPOSITS OPEN ACCOUNT PLUS TIME
CERT IFICATES OF DEPOSIT OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN
DENOMINATIONS OF 9100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.

NET TIME DEPOSITS
COMPOUNDED ANNUAL RATES OF CHANGE, AVERAGE OF FOUR WEEKS ENDING,
10/2/74

1/1/75

2/28/75

4/2/75

4/30/75

8/4/75

7/2/75

17.2
13.4
11.7

10.4
9.1

7/30/75

TO THE AVERAGE
OF FOUR WEEKS
ENDING,
2/28/75
4/ 2/75
4/30/75
6/ 4/75
7/ 2/75
7/30/75
9/ 3/75
10/ 1/75

8

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

10.9
11.3
11.3
12.1
12.9
13.0
12.4
12.0

14.2
13.5
14.3
15.2
15.1
14.0
13.2

12.1
13.9
15.3
15.1
13.6
12.7

14.5
16.3
15.8
13.8
12.7

18.6
17.2
14.4
12.9

7.0

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

PILLIONS
223.9

221.4
221.5

I

AUG

4 IS
SEP

I

I

I

I

I

I

I

I

'I

I

I

2 IS SO 13 27 11 25
NOV
DEC

I

I

I

I

8 22

1 L

5 19
FEB

5 19
MAR

6 20
AUG

2 16 50 14 ZS 11
MAY
JUN

i i I
J 17
SEP

Mil

LATEST DATA PLOTTED WEEK ENDINGi OCTOBER 1, 1975
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.

COMPOUNDED ANNUAL RATES OF CHANGE , AVERAGE OF FOUR WEEKS ENDINGs
10/2/74

1/1/75

2/26/75

4/2/75

4/30/75

6/4/75

7/2/75

7/30/75

17.5
11.4
9.2
7.3

8.0
6.3
4.5

1.6
0.7

1.6

TO THE AVERAGE
OF FOUR WEEKS
ENDINGi
2/26/75
4/ 2/75
4/30/75
6/ 4/75
7/ 2/75
7/30/75
9/ 3/75
10/ 1/75


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

-1.4
1.1
1 . 1
3.2
4.6
4.1
4.0
3.6

-0.9
-0.6
3.2
5.3
4.4
4.4
3.8

7.0
10.5
12.1
9.6
8.5
7.2

9.4
12.0
8.7
7.6
6.2

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

9

CERTIFICATES OF DEPOSIT
LARGE COMMERCIAL BANKS
BILLIONS OF DOLLARS
100 -------------------- --------

AUG

4 18
SEP

WEDNESDAY FIGURES
NOT SEASONALLY ADJUSTED

2 16 30 13 27 11 25
NOV
DEC

8 22

5 19
FEB

9 19
MAR

2 16 30 14 28 11 29
MAY
JUN
1975

BILLIONS OF DOLLARS
----- ---------- ------------- 100

9 29

6 20
AUG

3 17
SEP

1 19 29

LATEST DATA PLOTTED WEEK ENDING] OCTOBER 1, 1975
CURRENT DATA APPEAR IN THE BOARD OF GOVERNORS’ H.6 RELEASE.
WEEKLYAREPORt'|NGCCOm!cRCIALSBANKSEP°S'T ISSUED ,N ^NOMINATIONS OF 8100,000 OR MORE BY LARGE


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

1975
AUG.

SEP.

OCT.

6
13
20
27
3
10
17
24
1
8
15
22
29

CERTIFICATES CERTIFICATES
OF DEPOSIT
OF DEPOSIT
NOT SEAS. ADJ.
SEAS. ADJ.
81.0
81.1
81.1
81.0
81.5
82. 1
82.2
83. 1
84.2

79.4
78.7
77.9
77.0
77. 1
78. 1
78.7
79.7
80.9

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

BILLIONS of DOLLARS

1975
SEP.

7 21
AUG

4 1$
SEP

2 16 30 13 27 11 23
NOV
DEC

$ 22

5 19
FEB

5 19
MAR

2 16 90 14 28 11 25
MAY
JUN

9 29

MILLIONS
3

222

6 20
AUG

9 17
SEP

1 19 29

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 8, 1975

BUSINESS LOANS

( CQMMERCIAL

BILLIONS OF DOLLARS

AND

INDUSTRIAL )

WEEKLY REPORTING LARGE COMMERCIAL BANKS
SEASONALLY ADJUSTED

BILLIONS OF DOLLARS
134
132
130
128
126
124
122
120
118

COMPOUNDED ANNUAL RATES
— OF CHANGE, AVERAGE OF
- THE FOUR WEEKS ENDING
OCTOBER I, 1975 FROM
“THE FOUR WEEKS ENDING.

JAN.
“OCT

1

7 21
AUG

4 18
SEP

1975
1975
1975
1975
1975
1975
1974

-7.1
-6.3
-8.9
-10.6
-10.7
-12.4
-7.0

116
114
.

I 1 I 1 L
2 18 90 19 27 11 23
NOV
DEC

110
108
3 19
FEB

3 19
MAR

LATEST DATA PLOTTED WEEK ENDING. OCTOBER 1,

1975


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

112

AUG. 27

6 22

2 16 80 14 28 11 23
MAY
JUN

9 28

6 20
AUG

6 17
SEP

HIM
1 18 29

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

11

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

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

BILLIONS OF DOLLARS
540

BILLIONS OF DOLLARS

rz----------1------------- ,---------=
Z
—

------- ------------- ------------- ra 540

COMPOUNDED AfUJAL RATES OF CHANGE,
AVERAGE OF THE FOUR *EEKS ENDING
OCTOBER Ty 1975 FROM TVC FOUR
WEEKS ENDING:
CREDIT
CREDIT
PROXY

-EBQEL
= JUL.
— JUL.
Z JUN.
Z APR.
Z APR.
Z JAN.
-OCT.

30,

ADJUSTED

1975
-1.5

2,

-CREDIT PROXY ADJUSTED

1974

1/

400
CREDIT PROXY
CREDIT
PROXY
AUG.
SEP.

496.8
496.9
499.4

1.1 J J 1 I
AUG

SEP

2 16 50 IS 27 M 25 9 22
OCT
NOV
DEC
JAN

5 1©
FEB

5 19
MAR

2 16 50 M 28 11 25
APR
MAY
JUN

1974

1/

504.0
504.0
506.4
506.2
505.3
505.3

U-LLU
1 1 11
6 20
5 17
AUG

SEP

.

15 29
OCT
•

1975

LATEST DATA PLOTTED VEEK EtOINGi
CURRENT DATA APPEAR

© 25
JUL

CREDIT
PROXY
ADJUSTED

OCTOBER

1,

1975

IN THE BOARD OF GOVERNORS’

H.9 RELEASE.

INCLUDES MEMBER BANK DEPOSITS, BANK-RELATED COMkCRCIAL PAPER,
L.S. BANKS, AND CERTAIN OTHER NONDEPOSIT SOURCES.

EURODOLLAR BORROWINGS OF

PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

*

.