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FEDERAL RESERVE '•?f^K^'* Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 20, 1972 The average of daily figures for total reserves of member banks increased $227 million in the latest statement week to $32,624 million. Required reserves and member bank borrowings at the Federal Reserve Banks increased while excess reserves declined. Excess reserves were negative, on weekly average, reflecting in part the reserve carryover surplus of the previous week. An increase in Treasury deposits with Federal Reserve Banks was the major factor absorbing reserves in the latest statement week. A seasonal increase in float and a decline in other F.R. liabilities and capital more than offset this reserve drain. In addition, System Open Market operations provided $76 million reserves net, on a weekly average basis through outright purchases of Treasury bills and coupon issues early in the statement week. Some reserves were absorbed near the end of the week through matched sale-purchase transactions. Member bank borrowings averaged $45 million and exceeded excess reserves by $54 million. In the previous week excess reserves exceeded borrowings by $199 million. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright--System account Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Loans * Member bank borrowings Other 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 Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: Averages of daily figures Week ended Change from wee k ended Wednesday, April 12, Apicil 21, April 19, April 19, 1972 1972 1972 L971 (Irl millions of doliars) 1/ 2/ 69,854 +6 ,607 + 70,001 255 132 - 124 — 810 -- -16 + 810 8 - 810 — 82 -- -_ 31 + - 28 10 82 — 45 32 39 245 58 + - 181 +7 ,140 -1 ,144 -+ 624 +6 ,621 +3 ,983 - 95 + 590 36 + - 164 + 108 +4 ,460 3,556 1,045 75,592 9,588 + + + + + - 377 53 537 -— 8 546 5 4 262 78 31 169 5 + + + - 551 324 227 448 221 +2 ,161 + 525 +2 ,686 +2 ,776 - 90 -- 3,317 996 75,250 9,588 - + + + 400 7,920 93,159 60,863 407 1,535 177 596 2,220 65,799 27,360 5,264 32,624 32,633 -9 400 7,925 93,505 60,898 411 1,868 142 545 2,241 66,105 27,401 5,264 32,665 32,633 1 32 A net of $166 million of surplus reserves were eligible to be carried forward from the week ended April 12, into the week ending April 19. On April 19, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,150 million, an increase of $197 million for the week. 1/ Excludes $355 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $48 million securities loaned — fully secured by U.S. Government securities pledged with Federal Reserve Banks. * Previously Discounts and advances. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday April 19, 1972 L 1 £ E T S. Gold certificate account Special Drawing Rights certif. accts. Cash Loans** Acceptances--Bought outright Held under repurchase agreements Federal Agency obligatons—Bought outright Held under repurchase agreements U. S. Government securities: Bought outright—Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS L I A B I L ) (1,092) CIhange sine e April 12, April 21, 1972 1971 9,475 mm— 400 -- 318 + 1 + 236 245 82 810 -29,866 36,448 3,540 1/ 2/ 69,854 -69,854 70,991 (4,067) 12,956 — + + + 64 157 29 39 + 810 48 •_ —. --- -- 989 — 112 +3,872 + 152 + 58 + 322 +2,268 + 320 +6,460 - 573 +5,887 +6,796 + 729 + 26 - 145 +6.481 + -- 162 883 + 322 + 558 +1,417 1 + + 41 (5,159) 95.185 ±2,018 (1,092) 53,588 27,321 1,868 147 + 974 + 327 46 80 +1,175 + 928 I T I ES Federal Reserve notes Deposits: Member bank--reserves account U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 142 545 29,876 9,480 548 (5,159) 93,492 (4,067) +3,541 +2,193 + 398 8 - 177 +2,406 + 430 + 30 +6,407 — +1,956 £ A I 11 AL A C£ 0UN T£ Capital paid in Surplus Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 763 2 188 265 + + — 742. 44 40 60 f+ 4 10 + 2 8 * Figures in parentheses are the eliminations made in the consolidating process. ** Previously Discounts and Advances. 1/ Excludes $355 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $48 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 19, 1972 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Federal Agency Accept U. S. Government Loans ** obligations securities -ances Holdings Weekly Holdings Weekly Changes changes Within 15 days 245 4,304 +621 9 7 17,046 16 days to 90 days -585 73 67 — 14,805 91 days to 1 year 142 + 78 -26,665 Over 1 year to 5 years +100 394 — Over 5 years to 10 years 5,804 + 96 116 — Over 10| years -1,230 + 12 84 Total 245 69,854 +322 82 810 11.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 19, 1972 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Da lias San Francisco (]'.n millions of dollars^ A S S E T S ' Gold certificate account Special Drawing Rights certif. acct. 9,475 400 572 23 1,374 93 399 23 726 33 810 36 448 22 2,030 70 402 15 192 7 317 15 479 14 1,726 49 F.R. notes of other banks Other cash 1,092 318 121 10 243 24 110 11 48 39 81 39 233 33 45 44 20 19 13 10 37 33 42 16 99 40 245 30 177 .. 3 3 82 -- -— 82 -- --- -- -- --- -- -- --- _-- _- -- 810 37 -- 208 — 42 -- 62 -- 61 -- 43 -- 133 -- 30 -- 16 -- 32 -- 37 -- 109 .- 129,866 1,383 7,653 1,561 2,280 2,238 1,577 4,912 1,100 588 1,199 1 ,365 4,010 1 36,448 | 3r540 169,854 -_ 9,339 907 17,899 -17,899 18,366 -1,905 185 3,651 -3,651 3,693 -2,782 270 5,332 -5,332 5,394 -2,731 265 5,234 -5,234 5,295 -1,924 187 3,688 -3,688 3,733 -5,995 582 11,489 -11,489 11,622 -1,343 131 2,574 -_ 2,574 2,604 -718 70 1,376 -_ 1,376 1,395 -1,464 142 2,805 _2,805 2,840 -1 ,665 162 3~,192 -4,894 475 9,379 69,854 70,991 -1,688 164 3,235 -3,235 3,302 3*|T92 3 ,229 9,379 9,518 17,023 162 883 1,006 2 63 3,069 8 211 989 4 50 1,188 27 61 1,338 13 64 1,917 16 45 2,630 17 131 878 15 29 605 23 19 1,126 17 33 1 ,093 12 38 1,184 8 139 100,344 5,099 23,388 5,279 7,516 7,676 6,447 16,589 3,982 2,264 4,418 4 ,923 12,763 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 I 1 2/ Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS j -- 2 1/ Excludes $355 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $48 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. 3/ * Previously Discounts and advances. 30 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 19, 1972 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. 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 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 acceptances purchased for foreign correspondents 54,680 2,915 13,431 3,198 4,418 4,862 2,735 9,457 2,145 940 2,077 2,110 6,392 27,321 1,868 142 545 29,876 13,547 802 105 6 1 914 1,168 6,450 358 1/ 39 489 7,336 2,046 1,100 85 7 2 1,194 771 1,800 105 13 — 1,918 987 1,379 166 7 18 1,570 1,111 1,791 194 9 5 1,999 1,568 4,469 129 21 3 4,622 2,156 875 162 5 1 1,043 718 718 46 3 * 767 507 1,232 95 6 2 1,335 915 1,676 155 8 2 1,841 856 5,029 268 18 22 5,337 744 548 98,651 27 5,024 139 22,952 29 5,192 42 7,365 41 7,584 33 6,335 89 16,324 20 3,926 12 2,226 19 4,346 25 4,832 72 12,545 763 742 188 34 34 7 196 193 47 39 38 10 69 68 14 40 38 14 52 50 10 118 111 36 25 25 6 17 17 4 33 32 7 42 41 8 98 95 25 100,344 5,099 23,388 5.279 7,516 7.676 6,447 16,589 3.982 2,264 4,418 4,923 12,763 265 12 2/ 69 14 24 18 39 9 6 11 15 34 14 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 57,331 3,072 14,212 3,316 4,607 5,020 3,013 9,685 2,227 968 2,143 2,272 6,796 2,445 150 500 300 350 285 -- 700 155 -- -- 5 -- 56,350 3,000 13,950 3,150 4,400 4,815 3,100 9,300 2,130 1,000 2,175 2,330 7,000 58,795 3,150 14,450 3,450 4,750 5,100 3,100 10,000 2,285 1,000 2,175 2,335 7,000 J7 After deducting S1Q3 million participations of other Federal Reserve Banks, 2/ After deducting $196 million participations of other Federal Reserve Banks. Less than $500,000.
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