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:]^&:±> £*fr- :* R FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 18, 1974 The average of daily figures for total reserves of member banks increased $1,129 million in the latest statement week to a level of $36,308 million. Required reserves, excess reserves and member bank borrowings from Federal Reserve Banks all increased. Major factors absorbing reserves in the latest statement week were increases in currency in circulation, foreign deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital. Partially offsetting these reserve drains was an increase in float. In addition, System Open Market Operations provided $962 million reserves net, on a weekly average basis through outright purchases of Treasury bills and repurchase agreements. Member Dink reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government s e c u r i t i e s Bought outright—System account Held under repurchase agreements Federal Agency o b l i g a t i o n s - Bought outright Held under repurchase agreements Acceptances — Bought outright Held under repurchase agreements Loans — Total member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gold stock Special Drawing Rights certif. acct. Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks 3/ Other F.R. liabilities and capital Averages of daily figures Week ended Change from week ended Wednesday, April 17, April 18, April 17,* April 10, 1974 * 1974 1973 1974 (In millions of dollars) 78,528 850 166 674 +4,934 + 369 i/78,559 470 2,123 105 91 851 32 2,123 43 73 57 1 32 5 30 76 19 1,817 47 622 6 31 47 1,285 46 2,699 1,135 87,387 11,567 400 8,803 108,157 72,616 303 1,299 439 695 3,010 78,361 486 31 +2,101 371 110 +6,660 +1,157 + + 359 +8,176 +6,281 - 110 -1,805 + 167 + 8 + 481 +5,022 2,797 1,287 86,659 11,567 400 8,803 107,429 72,723 293 902 368 670 2,895 77,851 +2,104 + 608 23 55 + 139 30 + 156 + 794 Member bank reserves: With Federal Reserve Banks 29,796 +1,310 +3,154 29,577 Currency and coin 6,454 181 + 641 6.454 Total reserves held 2/ 36 ,308 +1,129 +3 ,681 36,089 Required reserves 35 ,914 + 971 +3 ,524 35,914 394 + 157 + 158 175 Excess reserves 2/ A net of $38 million of surplus reserves were eligible to be carried NOTE forward from the week ended April 10, into the week ending April 17. On April 17, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $27,153 million, an increase of $278 million for the week. 1/ Includes $143 million securities loaned — fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Adjusted to include $58 million of certain reserve deficiencies on which penalties can be waived for a transition period in connection with bank adaptation to Regulation J as amended effective November 9, 1972. 3/ Includes $32 million of certain deposits of domestic nonmember banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. Estimated (Dallas District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday April 17,* April « April 18., 1974 1974 1973 A S S E T S Gold certificate account 11,460 .. +1,157 Special Drawing Rights certif. accts. * 400 — -Cash 889) - 11 247 84 Loans 2 1,285 -1,875 Acceptances—Bought outright 76 + 3 3 Held under repurchase agreements + 19 19 - 67 Federal Agency obligations—Bought outright — 2,123 + 851 Held under repurchase agreements 43 + 43 - 208 U.S. Government securities: Bought outright—Bills + 204 +3,178 36,599 Certificates Other Notes 38,956 +2 ,117 Bonds 3,004 497 Total bought outright + 204 78,559 +4 ,798 1/ Held under repurchase agreements + 470 470 -1 ,199 Total U.S. Government securities + 674 +3 ,599 79.029 Total loans and securities + 737 +2 ,297 82,575 Cash items in process of collection (2,077) +1 ,642 781 9,579 Bank premises + + 2 32 232 Other assets 2/ + 167 1.055 + 179 TOTAL ASSETS (2,966) +2 ,549 +2 788 105,548 tlAIIL i TIES Federal Reserve notes Deposit*: Member bank-reserves account U. S. Treasurer—general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES £ A £I 1 A L A C C O U N T S Capital paid in Surplus Other capital accounts ( 889) (2,077) (2,966) 64,354 29,497 902 368 670 31,437 6,862 1,048 103,701 + 57 +1,433 - 375 + 29 88 + 999 +1,516 + 14 +2,586 872 844 131 «•» — 37 +5,635 -1,305 -1,885 + 105 + 12 -3,073 - 95 + 296 +2,763 + + - 59 51 85 Contingent liability on acceptances purchased for foreign correspondents + ^ 69g + 353 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $143 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. %J Includes assets denominated in foreign currencies. II Includes $32 million of certain deposits of domestic nonmember banks and foreignowned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. Estimated (Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRTL 17, 1Q74 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Federal Agency U.S. Government Acceptobligations securities Loans ances Holdings Weekly Weekly Holdings Changes changes Within 15 days i 264 36 5,459 - 88 +43 91 16 days to 90 days 21 56 19,874 +645 87 91 days to 1 year 21,694 3 +117 275 Over 1 year to'5 years -— 821 22,344 Over 5 years to 10 years -7,836 — 608 Over 10 years -. -1,822 — 284 Total lj285 +43 791,029 +674 2,166 95 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 17, 1974 H.4.Hb) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Dallas *\ Francisco (In millions of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash 11,460 400 36 23 2,947 93 473 23 918 33 638 36 460 22 1,916 70 567 15 180 7 367 15 442 14 2,316 49 889 247 44 16 264 20 24 3 34 31 82 26 146 37 51 25 22 16 14 30 28 64 13 1.14 24 1,285 220 150 155 216 162 77 27 13 93 82 22 76 19 76 19 83 90 289 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outright-Bills Certificates: Other Notes Bonds Total bought outright 1_/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 2,123 43 99 543 43 118 157 158 117 343 79 36,599 1,712 9,362 2,027 2,700 2,732 2,026 5,910 1,355 808 1,436 1,546 4,985 38,956 3,004 78,559 470 79,029 82,575 1,823 141 3,676 2,157 166 4,350 2,875 222 5,797 2,907 224 5,863 2,156 166 :"4,348 6,291 485 12,686 1,443 111 2,909 859 66 1,733 1,528 118 3,082 1,646 127 3,319 5,306 409 10,700 3,676 3,843 9,965 769 20,096 470 20,566 21,467 4,350 4,618 5,797 6,109 5,863 6,237 4,348 4,627 12,686 13,106 2,909 3,015 1,733 1,793 3,082 3,258 3,319 10,700 3,491 11,011 Cash items in process of collection Bank premises Other assets 2/ 11,656 232 1,055 519 50 130 1,971 10 241 608 14 54 608 27 64 1,347 14 70 1,122 15 51 1,692 16 148 477 14 31 475 35 23 833 17 34 667 12 41 1,337 8 168 108,514 4,861 27,013 5,817 7,824 8,450 6,480 17,024 4,157 2,535 4,582 4,744 15,027 TOTAL ASSETS 17 Includes $143 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 27 Includes assets denominated in foreign currencies. * Edtimated (Dallas District). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON New Total Boston York Phila- Clevedelphia land Richmond APRIL 17, 1974 St. Atlanta Chicago Louis Minneapolis Kansas City * San Dallas Francisco (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for foreign correspondents 65,243 3,211 16,084 4,140 5,204 5,801 3,435 10,784 2,638 1,216 2,492 2,452 7,786 29,497 936 57 12 7 8,055 937 52 14 11 1,799 1,245 1,955 4,386 5,731 102 21 17 86 46 14 6 12 8 85 16 26 1,012 8,885 1,285 126 37 26 1,014 1,867 4,532 1,262 1,257 1,660 5,920 515 1,355 1,117 2,095 519 755 35 7 2 799 452 1,533 64 16 30 934 94 10 3 1,231 41 25 2 719 490 927 902 368 670 31,437 8,939 1,048 106,667 516 154 1/152 524 757 48 278 54 76 73 58 4,787 26,532 5,727 7,662 8,346 6,345 160 16,738 1,041 380 36 4,095 24 2 ,491 38 44 159 4,506 4,646 14,792 ' 872 844 131 35 34 5 108,514 4,861 698 29 227 215 39 42 42 6 77 74 11 48 47 9 65 62 8 135 132 19 28 29 5 21 20 3 36 ^s 5 47 46 5 i r\a 27,013 _5^817_ 7,824 8,450 6,480 17,024 4,157 2,,535 4.582 4,744 15.027 39 51 110 24 16 29 38 89 1,267 2,637 2,628 8,165 27178 34 61 111 16 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 67,983 3,305 2,250 100 67,000 69,250 3,230 3,330 16 944 17 ,050 17 ,050 4,189 5,377 6,001 450 350 595 3,800 4,250 5,200 5,550 5,500 6,095 3,689 3,900 3,900 11,019 2,762 700 50 10,600 11,300 2.785 2,835 5 1.280 1,280 2.700 2,700 2.655 2,660 8.300 8,300 1/ After deducting $ 216 million participations of other Federal Reserve Banks. iJ 3/ "" After deducting $ 520 million participations of other Federal Reserve Banks. Includes $32 million of certain deposits of domestic nonmember banks and foreign-owned banking instituticn s held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Resserve cedep * Estimated (Dallas District), 1 System s program of credit restraint.
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