The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE ^Factors Affecting Bonk Reserves and Condition Statement of F . I . Banks For immediate release H.4.1 April 30, 1970. The average of daily figures of total reserves of member banks decreased $365 million in the latest statement week to $27,994 million. Required reserves, excess reserves and member bank borrowings all decreased in this latest period. A greater than seasonal decline in float and a rise in Treasury deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest.week. A seasonal decline in currency in circulation offset some of these reserve absorptions. In addition, System Open Market Operations supplied $58 million in reserves net on a weekly average basis. Included in this net supply of reserves by the System was a $127 increase in the average level of repurchase agreements held. Member bank borrowings exceeded excess reserves by $925 million compared to $833 million for the previous week. 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— 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 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves * Averae'es of daily figures Week ended Change from week ended Wednesday, April 29, April 22, April 30, April 29, 1970 1970 1970 1969 (In millions of dollars) 55,760 238 + 19 72 108 +3,211 + 11 1/56,085 6 57 «... 8 55 58 225 90 887 - 667 +3 ,203 +1 ,000 + 400 + 189 +4,792 +3,310 - 139 + 759 + 39 + 394 + 181 +4 ,544 + 249 + 88 + 337 + 454 - 117 834 90 2,733 2,251 62,051 11,367 400 6,934 80,752 53,024 564 1,367 224 869 2,138 58,186 22,566 4,707 27,273 28,026 - 753 59 27 + + 3 13 893 90 3,127 2,267 62,480 11,367 400 6,931 81,178 52,817 559 1,384 158 863 2,110 57,891 23,287 4,707 27,994 28,026 32 - 78 43 426 36 367 + - + + + + + - + - 360 128 8 226 15 68 172 532 167 365 195 170 (- + + NOTE: A net of $81 million of surplus reserves were eligible to be carried forward from the week ended April 22, into the week ending April 29. 1/ Includes $34 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. On April 29, 1970, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $9,340 million, an increase of $12 million for the week. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions o f dollars) Change since Wednesday Apr. 29, Apr. 22s Apr. 30, 1970 1970 1969 A S S E T S -11,045 +1,022 Gold certificate account -* 400 Special Drawing Rights certif. accts. + 400 Cash 196 + 1 8 (711) Discounts and advances - 425 -1,607 924 Acceptances: -Bought outright 58 + 6 Held under repurchase agreements — 90 65 Federal Agency obligations-Held under repurchase agreements 25 79 U. S. Government securities : Bought outright-Bills 21,197 + 505 +3,045 Certificates Notes 32,073 +2,027 Bonds -1,572 Total bought outright + 505 1/ 56,085 +3,500 Held under repurchase agreements - 473 - 528 Total U. S. Government securities +2,972 56,085 + 32 Total loans and securities 57,067 483 +1,202 Cash items in process of collection (2,595) -1,038 + 374 10,286 Bank premises + 2 1 117 Other assets 2/ 2 - 716 2,134 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3 306) -1,523 +2,276 81,245 H.4.1(a) 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 (711) (2,595) (3,306) 46,528 .- 65 +3,080 22,566 1,367 224 869 25,026 7,553 508 79,615 -1,356 + 426 + 35 16 - 911 - 745 + 1 -1,590 -1,811 + 417 + 94 + 411 - 889 83 + 65_ +2,173 A C C O U N T S C A P I T A L + 32 Capital paid in 682 1 Surplus 669 + 39 Other capital accounts 279 -t- 66 + 32 Contingent liability on acceptances purchased for foreign correspondents 194 + 7 + 69 * Figures in parentheses are the eliminations made in the consolidating process, \J Includes $34 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. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 29, 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 Federal Agency obligations Discounts and Holdings Weekly changes advances Acceptances Within 15 days 828 15 3,362 - 85 16 days to 90 days 20,880 -366 96 43 91 days to 1 year 10,302 +458 Over 1 year to 5 years -13,976 Over 5 years to 10 years -6,953 Over 10 years -612 Total 58 56,085 924 + H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 29, 1970 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S 11, 045 400 881 23 2,012 93 470 23 822 33 1.,014 36 773 22 2, 017 70 399 15 220 7 363 15 270 14 1.,804 49 F. R . n o t e s of other b a n k s O t h e r cash 711 19b 70 9 186 25 25 7 58 21 51 12 110 27 26 26 19 12 10 7 30 12 24 13 102 25 D i s c o u n t s and advances Acceptances: Bought outright Held u n d e r repurchase agreements Federal Agency o b l i g a t i o n s — Held under repurchase agreements U . S . Government securities: Bought o u t r i g h t — Bills Certificates Notes Bonds 1/ Total bought outright Held under repurchase agreenlents Total U . S . Government securit:ies Total loans and securities 924 67 149 32 47 90 45 126 8 47 40 128 145 58 -- -— 58 — -- — — -— --- -— -— — — — — — -- --- Gold certificate account Special Drawing Rights certif. acct. Cash items in process o f collection Bank premises Other assets 2 / TOTAL ASSETS 1/ Hi -- -- 1,125 -1,702 149 2,976 -2,976 3,008 1,696 -2,567 225 4,488 -4,488 4,535 1 ,581 -L. ,392 210 ,183 4" — 4",183 4 ^273" 1,108 — 1,677 147 2,932 — 2,932 2,977 2,106 9 707 812 2 104 869 8 163 922 11 118 1,268 17 113 2 ,002 17 290 617 10 65 445 6 42 1,040 18 76 191 8 106 l ,151 9 246 4 ,706 19,927 4,451 6,509 6 ,437 5,307 13 ,797 3 ,140 1,866 3,706 3 ,754 10 ,951 21 ,197 1 ,020 5,511 ---32 ,073 1 ,542 8,339 2 ,815 136 732 14,582 ,698 ,085 56 ~T — — -^""56",085 r~2 ,698 14,582 57 ,067 2 ,765 14,789 12 ,881 117 2 ,134 84 ,551 852 2 104 754 3,,486 — — 5.274 1 ,141 100 463 ,223 ,995 9" "T — — 9~7223"~Tr9"9T~ T riw~TJXFT 409 -619 54 TTTJBT — 798 — 1,208 106 905 -1 ,369 120 2.,804 -,243 4, 373 2,112 2"75W T 7T2U 2"TWT 2"~^TT T7T2T5 T;363 — TTUBT— 2 , 1 1 2 lTTTT— 2 , 1 5 2 Includes $34 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. -- -- STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 29, 1970 H.4.1(c) Total New York Boston 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 accrtled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS \ ! 47,239 2,723 11,093 2,673 3,855 4,238 2,508 8,305 1,794 824 1,761 1,718 5,747 22,566 1,367 224 869 25,026 10,148 508 5,542 1,063 98 305 80 9 1/ 1 2/ 810 6,737 1,171 1,528 711 133 24 946 75 10 3 1,034 635 26 1,625 86 17 1 1,729 742 40 1,132 144 10 11 1,297 775 38 1,474 77 13 3 1,567 1,103 26 3,428 168 29 17 3,637 1,530 80 743 59 7 1 810 463 18 588 29 4 1,240 92 11 624 370 13 951 88 8 s 1,052 807 19 3,834 146 26 17 4,023 901 70 82,921 4,629 19,491 4,368 6,366 6,348 5,204 13,552 3,085 1,831 3,639 3,667 10,741 682 669 279 32 32 13 182 177 77 34 34 15 61 60 22 35 34 20 45 43 15 101 99 45 84,551 4,706 19,927 4,451 6,509 6,437 5.307 13,797 23 23 9 15 15 5 29 28 10 3.140 1.866 3.706 0 1,345 583 21 38 37 12 87 87 3.754 10.951 - Contingent liability on ace:eptances purchased for fore]Lgn correspondents 194 9.3/ 51 10 17 10 13 7_ 22. 4__ S_ LL 2*. FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1/ 2/ 3/ 49,221 2,820 11,614 2,741 4,006 4,364 3,327 250 500 300 510 580 47,910 2.600 11,400 2.620 3.750 3.860 51,237 2,850 11,900 2,920 4,260 4,440 After deducting $ 144 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $ 143 million participations of other Federal Reserve Banks. 8,581 1,878 854 1,000 155 27 2.800 7.95Q 1,780 845_ 1.875. 1,930 6.500 2,800 8,950 1,935 872 1,875 1,935 2,680 1,823 1,830 6,030 5 6,500 — •
@FedFRASER