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FEDERAL RESERVE Foctors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate r e l e a s e A p r i l 2 3 , 1970 The average of daily figures of total reserves of member banks increased $128 million in the latest statement week to $28,359 million. Both required reserves and excess reserves increased while member bank borrowings declined. A greater than seasonal rise in float was the major factor supplying reserves in this latest week. A decline in other Federal Reserve liabilities and capital also supplied a significant amount of reserves. In part offsetting these sources of reserves was an increase in Treasury deposits with Federal Reserve Banks. In addition, System Open Market operations absorbed $175 million in reserves (net) on a weekly average basis. Member bank borrowings exceeded excess reserves by $833 million compared to the revised figure of $953 million for the previous week. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright--Systera account Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements Acceptances Bought outright Held under repurchase agreements Discounts and advances-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 Averages of daily figures Week ended Change from week ended Wednesday, April 22, April 15, April 23, April 22, 197Q 197Q mi (In millions of dollars) U2L 55,832 130 + 2 -134 13 - 14 56 14 - 2 - 26 + - 3 42 58 65 971 47 3,553 2,231 62,847 11,367 400 6,924 81,538 52,945 567 1,158 143 863 2„042 57,719 23,819 4,540 28,359 28,221 138 - 49 + 7 +678 + 42 +504 - 164 + 47 + 571 - 618 +3,261 +1,000 + 400 + 176 +4,837 +3,264 - 145 + 729 + 22 + 357 + 174 +4,402 + 435 + 344 + 779 + 813 34 1,259 90 3,003 2,254 62,807 11,367 400 6,926 81,500 52,947 570 941 189 885 2,070 57,602 23,899 4,540 28,439 28,221 1 218 — -- + 10 +514 - 43 -- +204 + 7 - 13 -119 + 37 +477 -349 +128 + 57 + 71 +3,563 93 k/55,580 473 25 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: A net of $74 million of surplus reserves were eligible to be carried forward from the week ended April 15, into the week ending April 22. U Includes $20 million securities loaned — fully secured by U.S. Government securities pledged with Federal Reserve Banks. On April 22, 1970, U.S. Government securities held in custody by the Federal Reserve Banks for foreign account were $9,328 million, a decrease of $17 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Apr. 23, Apr. 22 , Apr. 15, 1970 1970 1969 A S S E T S — +1,021 11,045 Gold certificate account — + 400 400 Special Drawing Rights certif. accts. * + 6 9 Cash (731) 195 + 117 Discounts and advances 86 1,349 Acceptances: --. + 6 58 Bought outright + 15 7 65 Held under repurchase agreements Federal Agency obligations-25 35 25 Held under repurchase agreements U. S. Government securities : Bought outright— +2,809 296 20,692 Bills Certi ficates +2,027 32,073 Notes -1.572 2,815 Bonds +3,264 296 Total bought outright 1/ 55,580 + 473 Held under repurchase agreements 29 473 +3,737 Total U. S. Government securities - 267 56^053 Total loans and securities +3,900 57,550 - 381 Cash items in process of collection (2,885) 11,301 +1,593 - 195 Bank premises — + 4 118 Other assets 2/ - 616 + 44 2.136 +6,293 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3,616) 82,745 - 526 k I A H IL 1111L $ 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 £ A £ I 1 ^ L A C C O U N T S Capital paid in Surplus Other capital accounts Contingent liability on acceptances purchased for foreign correspondents (731) (2,885) (3,616) 46,463 • 138 +2,981 23,899 941 189 885 25,914 8,298 507 81,182 + + - 373 72 37 41 - 305 136 11 590 +1 ,697 + 192 + 65 + 430 +2 ,384 + 738 + 97 +6 ,200 681 669 213 187 + + + 64 9 + + 32 39 22 60 * Figures in parentheses are the eliminations made in the consol idating process. J7 Includes $20 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks 2!/ Includes assets denominated in foreign currencies and IMF gold deposited. 37 Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 22, 1970 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and Federal Agency obligations Holdings Weekly changes advances Acceptances Within 15 days 3,447 -TJ5 1,254 82 -322 16 days to 90 days 41 45 21,246 91 days to 1 year +155 50 9,844 Over 1 year to 5 years 13,976 Over 5 years to 10 years 6,953 Over 10 years 612 Total -302 56,078 123 1,349 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 22, 1970 Total Boston New PhilaCleve- RichAtlanta Chicago mond York delphia land St. Louis Minneapolis Kansas City Dallas 1 San Francisco (In millions of dollars) ASSETS Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS \J 2/ 1,558 93 470 23 723 33 892 36 665 22 2,113 70 278 15 138 7 310 15 600 14 2,507 49 69 9 188 26 26 8 56 21 59 12 117 26 25 26 20 12 12 7 33 12 22 11 104 25 1,349 76 464 40 9 46 65 216 15 44 48 50 276 58 65 -— 58 65 --- --- — -- --- -— -— -— --- --- --- 25 -- 25 -- 20,692 996 5,379 1,098 1,656 1,544 1,082 3,403 736 399 779 883 2,737 1,542 8,339 732 136 2,674 14,450 473 — 2,674 14,923 2,750 15,535 1,702 149 2,949 2,567 225 4,448 2,392 210 4,146 1,677 147 2,906 5,274 463 9,140 1,141 100 1,977 619 54 1,072 1,208 106 2,093 1 ,369 120 ,372 T 4,243 373 7,353 2 ^372~ 2 ,422 77353 7,629 731 ! 195 F. R. notes of other banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright 1/ Held under repurchase agreements Total U. S. Government securities Total loans and securities 791 23 11,045 400 32,073 2,815 ! 55,580 473 56,053 57,550 I f 14,186 118 2,136 86,361 -- -- -- -- -- -- -- -- -- 2,949 2,989 4,448 4,457 4,146 4,192 2,906 2,971 9,140 9,356 1.977 1,992 1,072 1,116 2,093 2,141 2,522 9 712 995 2 101 1,096 8 163 1,046 12 116 1,385 17 114 2,115 17 292 679 10 66 481 6 43 1,042 18 77 706 8 100 1,246 9 249 4,620 20,643 4,614 6,557 6,365 5,317 14,014 3,072 1,810 3,648 3 ,883 11,818 873 2 103 Includes $20 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies and IMF gold deposited. -- -- H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 22, 1970 Total Boston New York 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 ace:eptances purchased for forei-gn correspondents 47,194 2,719 744 45 9 1 799 23,899 941 189 885 25,914 11,183 1,005 Phila- CleveRich- Atlanta Chicago delphia land mond (In millions of dollars) 11,088 2,677 3,856 4,216 2,510 8,312 6,286 1,056 1,626 1,147 1,430 3,579 41 9 13 59 12 2 171 27 5 201 1/ 57 If 831 7,375 1,619 22 9 4 6 16 1 1,091 1,649 1,210 874 40 819 36 24 143 742 25 84,798 4,547 20,225 4,535 32 32 9 182 177 59 34 34 11 61 60 17 35 34 15 86,361 4,620 20,643 4,614 6,557 6,365 17 10 507 681 669 213 1871 1 9 3/ 49 10_ 6,419 6,281 1,503 1,179 3,782 1,607 25 79 5,217 13,780 St. Louis 1,787 675 42 6 2 725 490 17 3,019 100 99 35 23 23 7 5,317 14,014 3,072 12 28 45 43 12 6_ Minneapolis Kansas City San Dallas Francisco 824 1,749 1,711 5,745 526 15 4 2 547 394 11 1,007 1,356 4,467 21 7 4 1,039 43 10 2 1,411 275 23 18 4,783 777 18 655 1,022 22 67 1,776 3,583 3,799 11,617 15 15 4 29 28 8 1,810 4__ 3,648 S_ 38 37 9 87 87 27 3,883 11,818 io_ 24_ FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S.Government securities Total collateral J7 2/ 3/ 2,816 11,627 2,747 4,020 4,353 250 500 300 510 580 2.600 11.400 2.620 3,750 3.860 2,850 11,900 2,920 4,260 4,440 After deducting $ 132 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $ 138 million participations of other Federal Reserve Banks. 8,599 1,868 855 1,000 155 27 2,800 7 r 950 l t 780 2,800 8,950 1,935 845 872 2,669 1,814 1,839 6,054 5 1.875 1.930 6.500 1,875 1,935 6,500
@FedFRASER