Money Supply Grows; Bank Borrowings Gain
Member bank borrowings from the Federal Reserve Board averaged $1,697 billion in the week ended June 13, compared with $1,664 billion in the previous week, the Fed reported yesterday.</br></br>Last Friday 10 of the 12 Fed district banks raised the rate they charge member banks to borrow to 6.5 per cent from 6 per cent, the highest rate since 1921. Yesterday the Kansas City district bank became the last of the 12 to boost its discount rate.</br></br>The money supply averaged $261.4 billion in the four weeks ended June 6, compared with $258.7 billion in the four weeks ended May 9.</br></br>Data on the net borrowed reserve position of the nationÛªs member banks no longer is being made available by tlie</br></br>Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks . Other Deposits with F.R. Banks ... Other F.R. liabilities and capital .