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FEDERAL RESERVE } f*Au£&?y Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 10, 1972 The average of daily figures for total reserves of member banks declined $30 million in the latest statement week to $33,095 million. Required reserves increased while excess reserves and member bank borrowings at Federal Reserve Banks declined. A seasonal increase in currency in circulation was the major factor absorbing reserves in the latest statement week. An increase in float was the only factor supplying a significant amount of reserves. In addition, System Open Market operations provided $123 million reserves net, on a weekly average basis through outright purchases of Federal Agency obligations and repurchase agreements. Member bank borrowings averaged $287 million and exceeded excess reserves by $197 million compared to $137 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 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 Chang e from week ended Wedilesday, Aug. 9, Aug. 2, Aug. 11, Aug • 9, 1972 1972 1971 1972 (Irl millions of dollars) 70,816 _ 134 + 1,151 + 6 42 +4,944 - 124 1/ 70,784 609 1,169 1 83 7 +1,151 - 27 3 67 16 + + 4 7 18 6 65 97 77 - 306 843 93 + 53 + 192 + 748 + 8 +6,417 + 164 3,128 1,320 78,018 10,410 287 3,265 1,265 77,002 10,410 + — -- 400 8,116 95,929 62,681 330 2,531 159 633 2,379 68,713 27,216 5,879 33,095 33,005 90 + + — 400 + 20 + 213 + 233 6 + 67 + 9 + 22 2 + + 327 + 663 +7,245 +3,667 - 145 +1,374 8,132 96,960 63,020 10 93 27 156 562 +4,766 2,205 68,741 _ +2,479 + 286 +2,765 +2,702 + 63 28,218 5,879 34,097 33,005 1,092 114 84 30 + 107 - 137 + 325 2,473 A net of $118 million of surplus reserves were eligible to be carried forward from the week ended August 2, into the week ending August 9. On August 9, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,260 million, an increase of $337 million for the week. 1/ Includes $41 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since W(;dnesday Aug. 2, Aug. 11, Aug. 9, 1972 1972 1971 A S S E T S + 428 10,303 Gold certificate account * --400 Special Drawing Rights certif. accts. (986) 323 1 + 54 + Cash - 430 843 + 270 Loans 2 65 + + 18 Acceptances—Bought outright + 42 97 + 97 Held under repurchase agreements 1,169 +1,169 Federal Agency obligations--Bought outright + 128 45 + 3 3 Held under repurchase agreements U. S. Government securities: +2,373 30,686 39 Bought outright—Bills Certificates __ 36,596 +2,242 Notes -3,502 + 267 Bonds 70,784 39 +4,882 Total bought outright 1/ 23 + 494 Held under repurchase agreements 609 62 Total U.S. Government securities 71,393 +5,376 - 365 73,570 +6,933 Total loans and securities - 713 Cash items in process of collection (2,998) 11,117 + 965 -Bank premises 164 + 18 Other assets 2/ + 1,156 87 34 TOTAL ASSETS - 990 (3,984) 97,033 +8,364 L I A B I L I T I E 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 (986) 55,430 28,138 2,473 156 562 31,329 (2,998) 8,069 573 (3,984) 95,401 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 775 742 115 Contingent liability on acceptances purchased for foreign correspondents 265 + 328 - + - 844 336 12 128 648 455 2 "777 2 -- 215 +3,146 +4,136 +1,181 7 - 178 +5,132 + 303 12 +8,569 + + - 43 40 288 20 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $41 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, AUGUST 9, 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 -ances securities Holdings Weekly Holdings Weekly changes Changes 124 3 114 6,051 45 Within 15 days 842 + 48 15,100 + 11 111 12 16 days to 90 days 1 -+ 18,972 + 149 3 51 91 days to 1 year — -+ 24,108 534 59 Over 1 year to 5 years --+ 5,913 227 30 Over 5 years to 10 years 148 + 24 — — 1,249 Over 10 years — 71,393 Total 843 162 62 1,172 83 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 9, 1972 H.4.Ub) Total Boston Philadelphia New York Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In milliorts of dollars) A S S E T S 10,303 400 580 23 1*614 93 500 23 587 33 919 36 370 22 1,878 70 507 15 185 7 99 15 385 14 2,679 49 F.R. notes of other banks Other cash 986 323 153 15 210 23 38 11 44 37 100 40 173 36 41 45 22 19 30 7 51 38 41 15 83 37 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsBought outright Held under repurchase agreements U.S. Government securities: Bought outrightBills Certificates: Other Notes Bonds Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities 843 67 380 37 2 10 56 259 4 4 2 ..„, 22 9765 — — 65 97 — — — — — — — — -— — — -— --- ._ -- --_ 1,169 3 54 — 299 3 63 — 89 — 86 -- 63 -- 187 -- 43 — 23 — 51 — 53 — 158 -- 30,686 1,413 7,839 1,650 2,344 2,250 1,654 4,911 1,141 600 1,327 1 ,402 4,155 — 36,596 3,502 70,784 609 71,393 73,570 — 1,686 161 3,260 — 3,260 3,381 — 9,349 895 18,083 609 18,692 19,536 — 1,967 188 3,805 — 3,805 3,905 — 2,796 267 5,407 — 5,407 5,498 — 2,683 257 5,190 — 5,190 5,286 — 1,973 189 3,816 — 3,816 3,935 -5,857 561 11,329 — 11,329 11,775 — 1,360 130 2,631 — 2,631 2,678 -716 69 1,385 -1,385 1,412 -1,583 151 3,061 -3,061 3,114 ._ 1 ,671 160 ,233 T -3";i33~" 3 ,286 -4,955 474 9,584 -- 14,115 164 1,156 ^ 860 2 76 2,204 8 292 857 4 70 1,005 27 85 1,077 13 82 1,674 16 57 2,205 17 166 755 15 39 577 25 24 927 17 45 879 12 48 1,095 8 172 101,017 5,090 23,980 5,408 7,316 7,553 6,283 16,197 4,050 2,267 4,306 4 ,680 13,887 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1_/ 2/ 2/ ! 1 J7 Includes $41 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. 97584 9,764 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 9, 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 rteposits 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 correspondent s.._ 56,416 2,979 13,949 3,340 4,502 4,942 2,839 9,616 2,204 980 2,193 2,175 6,697 28,138 i 1,122 2,473 135 156 7 3 562 31,329 1,267 11,067 745 7,015 404 1/ 49 498 7,966 1,495 1,130 119 7 3 1,259 697 1,593 172 13 1 1,779 845 1,394 210 7 18 1,629 854 1,706 214 10 4 1,934 1,359 4,113 320 22 6 4,461 1,781 927 150 5 2 1,084 687 625 139 3 1 768 471 1,147 121 6 3 1,277 742 1,478 229 8 4 1,719 671 5,888 260 19 19 6,186 720 573 99,385 27 5,018 149 23,559 30 5,326 42 7,168 41 7,466 40 6,172 87 15,945 20 3,995 11 2,230 24 4,236 27 4,592 75 13,678 775 742 115 34 34 4 200 193 28 39 38 5 71 68 9 40 38 9 53 50 8 120 111 21 26 25 4 18 17 2 33 32 5 42 41 5 99 95 15 101,017 5,090 23,980 5,408 7,316 7,553 6,283 16,197 4,050 2,267 4,306 4,680 13,887 265 12 2/ 69 14 24 14 39 9 6 11 15 34 1,018 2,280 2,299 7,059 18 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 58,917 3,165 1,945 150 58,065 60,010 3,050 3,200 14,701 14,850 14,850 3,407 4,652 5,110 300 350 285 3,250 3,550 4,400 4,750 4,915 5,200 1/ After deducting $107 million participations of other Federal Reserve Banks, 2/ After deducting $196 million participations of other Federal Reserve Banks. 3,067 3,150 3,150 9,857 2,302 700 155 9,300 10,000 2,230 2,385 5 1,040 1,040 2,300 2,300 2,380 2,385 7,200 7,200
@FedFRASER