Board of Governors of the Federal Reserve System

credit demands increased modestly in December as a rise in commercial ...Credit Total member bank deposits (bank credit proxy adj.) 3.9 4.8 6.5

Credit demands have remained sizable in recent weeks. Business short-term...Credit Total member bank deposits (bank credit proxy adj.) 4.5 5.1 7.2

credit proxy appears to be expanding at an annual rate of about 4 per ...Credit Total member bank deposits (bank credit proxy adj.) 10.2 6.6 4.8

Credit Union Act, as amended ("Section 205(d)") (12 U.S.C. § 1785(d)) ...Credit Union Administration Board may grant consent for insured credit

credit have continued to be weak; business loans at banks declined at ...Credit Total member bank deposits (bank credit proxy adj.) 10.2 3.9 5.1

credit while the Trea- sury continued to redeem maturing bills in its ...Credit Total member bank deposits (bank credit proxy adj.) 3.9 2.9 .6

credit demands have been generally weak since the last meeting of the ...Credit Total member bank deposits (bank credit proxy adj.) 3.9 3.8 2.7

Prefatory Note The attached document represents the most complete and accurate version available based on original copies culled from the files

credit proxy resumed in March, following the slight February contraction...Credit Total member bank deposits (bank credit proxy adj.) 10.2 8.8 3.7

Credit Markets F.1 1 L.1 50 Credit Market Borrowing by Nonfinancial Sectors...Credit Market Borrowing by Financial Sectors F.3 2 L.3 51 Credit Market