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FEDERAL RESERVE 'f^LRE^V Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 6, 1972 The average of daily figures for total reserves of member banks increased $383 million in the latest statement week to $32,636 million. Required and excess reserves increased while member bank borrowings at the Federal Reserves Banks declined. Increases in currency in circulation and Treasury deposits with the Federal Reserve Banks were major factors absorbing reserves in the latest statement week. Partially offsetting these reserve drains was an increase in float. In addition, System Open Market operations provided $1,006 million reserves net, on a weekly average basis through outright purchases of Treasury bills and repurchase agreements. Excess reserves averaged $396 million and exceeded borrowings by $255 million compared to $155 million for the previous week. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securitiesBought outright —System account Held under repurchase agreements Federal Agency obligationsBought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and .advancesMember 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 week ended Wednesday, APRIL 5, MAE,CH 29, 1APRIL 7, APRIL 5, 1972 1972 | 1971 1972 (IrI millions of dollars) 69,299 564 + 494 436 +6 ,590 + 92 1/69,534 879 810 24 ... + 810 23 - 63 810 62 11 42 + 25 5 82 90 56 59 152 119 +7 ,427 -1 ,144 81 55 + + + - 141 14 2,870 891 74,735 9,588 400 7,894 92,618 60,508 414 1,240 206 657 2,353 65,379 + 142 + 41 +1 ,175 + 12 +1 ,188 -L 333 + 8 + 354 + 28 + 81 + 90 + 896 + 626 +6 ,910 +4,080 75 + 192 + 58 - 171 + 72 +4 ,157 3,088 928 75,532 9,588 400 7,908 93,428 60,829 412 1,212 236 696 2,396 65,781 27,239 5,397 32,636 32,240 396 + + + + + +2 ,753 + 213 +2 ,966 +2 ,847 + 119 27,647 5,397 33,044 32,240 804 — — 292 91 383 297 86 + - -- A net of $123 million of surplus reserves were eligible to be carried forward from the week ended March 29, into the week ending April 5. On April 5, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,737 million, a decrease of $26 million for the week. 1/ Includes $66 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday APRIL 5, |MARCH 29, APRIL 7, 1972 1971 1972 ASSETS 9,475 989 Gold certificate account * Special Drawing Rights certif. accts. 400 4 54 Cash 319 ( i , 045) - 971 117 Discounts and advances 59 + 3 Acceptances—Bought outright 29 + 82 Held under repurchase agreements 43 + 90 Federal Agency obligatons—Bought outright + 810 810 Held under repurchase agreements + 54 62 + 62 U. S. Government securities: Bought outright—Bills + 360 29,756 +4,743 Certificates Notes 36,296 +2,265 + 149 Bonds 50 + 310 3,482 + Total bought outright +7,318 1/ 69,534 + 559 Held under repurchase agreements + 879 879 17 Total U.S. Government securities + 542 70,413 +8,197 Total loans and securities - 372 71,516 +9,024 Cash items in process of collection 11,413 +1,279 + 119 (3,212) Bank premises — 159 + 24 Other assets 2/ - 122 769 + 31 TOTAL ASSETS 94,051 + 934 +8,110 (4,257) H.4.1(a) LiAillililE s 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 (15) (3,197) 29,711 8,405 + 367 - 851 + 295 + 31 + 107 - 418 + 891 (4,257) 92,220 + (1,045) 53,539 27,567 1,212 236 696 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 761 742 328 Contingent liability on acceptances purchased for foreign correspondents 266 t- 871 +3,450 +3,645 + 388 + 73 - 319 +3,787 + 840 +8,050 --- + + 63 - 43 40 23 17 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Includes $66 million securities loaned--fully secured by U.S. Government "~ securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 5, 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 Discounts Accept U. S. Government -ances and obligations securities Advances Holdings Weekly Holdings Weekly changes Changes Within 15 days 59 - 566 4,795 + 61 100 69 16 days to 90 days 72 + 772 17,529 67 + 24 91 days to 1 year — - 31 + 140 14,598 139 Over 1 year to 5 years --+ 155 26,565 397 Over 5 years to 10 years «*«• — 5,708 + 30 116 Over 10 years — 1,218 + 11 84 — Total 59 70,413 542 872 54 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.Ub) Total Boston New York Philadelphia Cleveland Richmond Atlanta APRIL 5, 1972 Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. 9,475 400 433 23 1,438 93 590 23 746 33 814 36 492 22 1,985 380 15 171 7 376 15 83 14 1,767 70 F.R. notes of other banks Other cash 1,045 319 131 11 241 25 111 10 53 39 68 40 210 34 49 44 16 20 15 9 29 33 40 14 82 40 42 62 61 43 133 30 16 32 37 109 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outright— Bills Certificates: Special Other 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 2/ TOTAL ASSETS 1/ 59 52 82 90 82 90 810 62 37 208 62 29,756 1,378 7,625 1,555 2,271 2,230 1,571 4,894 1,096 586 1,195 1,360 3,995 36,296 3^482 69,534 879 70,413 71,516 1,681 161 3,220 1,897 182 3,634 2,770 266 5,307 2,720 261 5,211 1,916 184 3,671 5,969 573 11,436 1,338 128 2,562 715 69 1,370 1,458 140 2,793 1,659 159 3,178 4,873 467 9,335 3,220 3,257 9,300 892 17,817 879 18,696 19,190 3,634 3,678 5^307 5,211 3,671 11,436 5,369 5,272 3,714 11,569 2,562 2,592 1,370 1,386 2,793 2,829 3,178 3,216 9,335 9,444 14,625 159 769 884 2 59 2,740 8 190 860 3 50 1,045 26 54 1,110 13 54 1,505 16 38 2,321 17 115 764 15 26 542 22 16 916 17 28 922 12 33 1,016 8 106 98,308 4,800 23,925 5,325 7,365 7,407 6,031 16,170 3,828 2,168 4,243 4,534 12,512 1/ Includes $66 million securities loaned- •fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 49 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(c) Total Boston New York Phila- Clevedelphia land Richmond Atlanta APRIL 5, 1972 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 aceteptances purchased for foreign correspondents 54,584 2,898 13,402 3,185 4,408 4,867 2,734 9,436 2,136 929 2,059 2,106 6,424 27,567 1,212 236 711 29,726 11,602 948 45 10 1 1,004 792 7,083 363 1/ 73 587 8,106 1,790 1,260 50 12 2 1,324 694 1,749 59 20 — 1,828 925 1,326 82 12 21 1,441 957 1,781 56 15 18 1,870 1,274 4,249 149 33 49 4,480 1,879 905 63 7 2 977 634 663 51 5 -_ 719 469 1,222 77 9 2 1,310 774 1,555 65 12 2 1,634 672 4,826 152 28 27 5,033 742 565 96,477 26 4,720 155 28 23,453 5,231 41 7,202 40 7,305 34 5,912 89 15,884 20 3,767 11 2,128 23 4,166 25 4,437 73 12,27-2 761 742 328 33 34 13 39 38 17 69 68 26 40 38 24 52 50 17 118 111 57 25 25 11 17 17 6 32 32 13 42 41 14 98 95 47 98,308 4,800 23,925^ J>, 325 7,365 7,407 6,031 16,170 3,828 2,168 4,243 4,534 12,512 266 12 14 24 14 18 40 9 6 11 15 34 952 2,125 2,241 6,766 196 193 83 2/ 69 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,000 3,150 14,157 3,301 4,614 4,987 2,976 9,695 2,205 500 300 350 285 -- 700 155 13,800 14,300 3,150 3,450 4,400 4,750 4,765 5,050 3,100 3,100 9,300 10,000 2,130 2,285 J7 After deducting $163 million participations of other Federal Reserve Banks, If After deducting $197 million participations of other Federal Reserve Banks. 5 970 970 2,175 2,175 2,330 2,335 7,000 7,000
@FedFRASER