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FEDERAL RESERVE ?f«£V ^Factors Affecting Bank Reserves and "Condition Statement of F.R. Banks H.4.1 For immediate release August 17, 1972 The average of daily figures for total reserves of member banks increased $290 million in the latest statement week to $33,404 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. Declines in Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital were the major factors supplying reserves in the latest statement week. Partially offsetting these reserve gains were an increase in currency in circulation and a decline in other Federal Reserve assets. In addition, System Open Market operations absorbed $57 million reserves net, on a weekly average basis. Member bank borrowings averaged $381 million and exceeded excess reserves by $70 million compared to the revised figure of $178 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 Averages of daily iEigures Week ended Change from week ended Wednesday, August 16, August 9, August 18, August 16, 1972 1972 1972 1971 (Irl millions of dollars) 70,753 117 1,169 6 _ - 63 17 +4,797 + 16 1/70,862 + + 18 5 +1,169 1,169 4 29 _ 19 17 68 77 798 535 + 620 + 68 +5,903 + 278 3,576 66 17 + 1 1 381 + 94 3,312 1,112 76,932 10,410 + 28 153 89 --19 71 240 17 399 8 22 144 336 - 400 8,135 95,877 62,921 313 2,132 167 611 2,235 68,377 + + + - 27,499 5,905 33,404 33,093 + 264 + 26 + 290 311 + 202 + 88 + + • 649 676 77,641 10,410 -- 400 + 678 +6,859 +3,809 - 160 +1,094 8,146 96,597 63,018 9 171 658 319 1,792 - 119 + 45 +4,658 2,266 68,224 +2,201 + 598 +2,799 +2,712 + 87 28,374 5,905 34,279 33,093 1,186 NOTE: A net of $92 million of surplus reserves were eligible to be carried forward from the week ended August 9, into the week ending August 16. On August 16, 1§72, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,580 million, an increase of $320 million for the week. 1/ Includes $54 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 August 9, August 18, August 16, 1972 1971 1972 ASSETS + 428 10,303 Gold certificate account * 400 Special Drawing Rights certif. accts. + 2 + 51 (1,026) 325 Cash - 588 - 308 535 Loans + 16 + 3 68 Acceptances--Bought outright + 77 20 77 Held under repurchase agreements +1,169 1,169 Federal Agency obligations--Bought outright • 26 39 Held under repurchase agreements 29 U. S. Government securities: +2,520 I- 78 Bought outright--Bills 30,764 Certificates +2,071 12 Notes 36,584 + 329 + 12 Bonds 3,514 +4,920 78 + Total bought outright 1/ 70,862 + 399 40 + Held under repurchase agreements 649 71,511 + 118 +5,319 Total U.S. Government securities +5,954 73,389 181 Total loans and securities (3,718) 13,250 +2,132 +2,067 Cash items in process of collection — 164 + 18 Bank premises 512 644 - 91 Other assets 2j +8,427 (4,744) 98,343 +1,309 TOTAL ASSETS H.4.1(a) LIABILITIES. 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 (1,026) 55,408 28,294 1,792 171 658 30,915 (3,718) 9,754 570 (4,744) 96,647 22 + 155 - 681 + 15 + 96 - 415 +1 ,685 3 +1 ,245 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 775 742 179 -- Contingent liability on acceptances purchased for foreign correspondents 267 - - 64 +3,236 +3,205 + 608 + 5 61 +3,757 +1,385 22 +8,356 + + 44 40 13 21 * \J Figures in parentheses are the eliminations made in the consolidating process. Includes $54 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 16, 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 Within 15 days 534 102 -776 30 +27 5,275 16 days to 90 days 1 43 14,492 110 -608 -1 — -91 days to 1 year +413 19,385 149 Over 1 year to 5 years --24,781 +673 534 Over 5 years to 10 years — -+166 6,079 227 Over 10 years — 1,499 — +250 148 Total 53*5 71,511 +118 1,198 145 +26 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 16, 1972 Boston Total Philadelphia New York Cleveland Richmond Atlanta 0.n millions Chicago St Louis Minneapolis Kansas City Dallas San Francisco of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash 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 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/ 2/ \f "~ 10,303 400 437 23 2,141 93 391 23 653 33 870 36 417 22 2,000 70 315 15 165 7 269 15 328 14 2,317 49 1,026 325 160 16 214 22 41 11 37 36 105 41 170 37 42 45 26 19 30 7 57 38 41 15 103 38 535 138 247 34 9 - 8 22 - /, 20 68 77 --- 68 77 --- --- --- --_ -- --- „«. -- 1,169 29 54 ~ 299 63 _- 89 -- 86 63 »- 187 _-. 43 -- 23 -- 51 __ 53 30,764 1,417 7,859 1,653 2,350 2,256 1,659 4,924 ,143 602 1,330 1,405 — -- | 1,685 36,584 ' 162 3,514 j 70,862 ' 3,264 649 | — 71,511 | 3,264 73,389 I 3,456 -9,346 898 18,103 649 18,752 19,472 -1,967 189 3,809 -3,809 3,906 -- -2,682 258 5,196 -» -1,972 189 3,820 -3,820 3,891 _« 5,855 562 11,341"" -« 11,341 11,550 2,810 8 128 908 4 29 L , JL P J 2 46 27 32 1,285 13 33 1,89 2 16 22 2,861 17 72 916 15 15 648 25 11 1,044 17 18 1,154 12 35 1.324 8 71 5,073 24,888 5,313 7,522 7,667 6,467 16,657 3,999 2,307 4,593 4,891 13,710 1 (L QtO ! 164 512 103,087 \ Q '"*. 'J. 9 7Q^i _„ 268 5,413 " «. 5,413 _JA96. 5,511 5,284 i J. .-» ,360 L 131 T" 634 -- T7634"" 2 678 Includes $54 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. ') _„ .. 47 _-158 »» 4,166 ._ --. --«. 716 1,582 1,671 4,953 69 152 160 476 1,387 3,064 3,236 9,595 .. _. 17387"~ 3 , 0 6 4 ~ 3,236~~"~~97595 — ~" 1,414 3,135" 3,292 9,800 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 16, 1972 • r ~ — — — — — - — • — New Total Boston York Phila- C l e v e delphia land Richmond Atlanta Chicago San Dallas Fran- j Minne - jKansas St. Louis iapolis City 1 i_ 1 . Q 1 C r»Q J (In m i l l i o n s of d o l l a r s ) L I A B I L I T I E S Federal Reserve notes Member bank reserves U. S„ Treasurer—- a eneral account Foreign Other Total depos11s Deferred availability cash -1 1- £ATT% G Other liabilities and accrued jj?...? j ^ — j ^ TOTAL LIABILITIES 1,302 1 71 9 17 1 ,/. 9 9 q 3,335 ze,zy*f 1,792 171 658 30,915 13,472 i,UZz o , y ^ o' 1 j 649 1 03 1/ 49 59 7 1,053 95 9 2 1 1 C / J. . 1 J H O 1 1 -7 C "7 L . / U / 1 839 V O 1 O 1 C O 15 „ I.C\C\ R r\ 7 0 o n o Z , Z U J i?962 i, 52 / I 0 1 -7n z, 1 / ? 1 . '"> / li 81 7 3 136 9 4 739 537 i /.on 21 13 23 3,942 2 ,269 4,521 4,800 18 33 1 7 .3 Z* 42 41 0 "7 0 O 1i7 6 1 7 U U 1I h 704 1,062 i, iou 29 5,227 43 7,369 41 7,576 71 68 14 40 38 13 1L 32 26 25 6 3/, 6 51 in-? , 1 ? / J) . j ^ 13 0 24 4 J\ n Z 84 4 -- /~, q. 0 A J V V «~ 84 ii 5 980 / 50 279 871 1 -71 n 8 1 / ?S 6,693 7 . / O ^ 98 21 24 5,912 810 7 570 101,391 28 4,998 14 9 24,4 50 775 742 179 34 200 34 1 *•* 3 7 45 39 38 9 103,087 5,073 24,888 5?313 7,522 7, 667 6, 467 16,6 57 3,999 z ,307 4,593 4,891 267 12 2/ 70 14 24 14 18 40 9 6 li 15 34 9 911 7 HA/, Capital paid in Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 9,635 13 ; 9 7 2 569 o «-»r\ Z , OJU 2, 977 I'M 7 1 o 4,936 56,434 :ept~ Contingent liability on ace ances purchased for foreign corres ^onden t s 6,353 87 16,394 53 120 j u i l l 7 13,492 99 y J O A 13 , 71 0 FEDERAL RiiSEKVfc A U H N T S * ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account jy , \Jc JL ~1 Z Q -j 1 A T K -3 /.in J- *-t , / X J 4,674 5 1i n 1 n£t; 9 RAA ? 11 /, 1 n?i *- 5 ~* -' -' www 300 350 285 -- 700 155 3,250 4,400 4 915 3,150 9 300 2,230 1,040 2,400 2,380 7,200 3 r 150 10, 000 2,385 1.040 2,400 2,385 7,200 1/ 3 200 14.8 50 60 J 1 0 3 : 550 4 ; 7 50 5 200 _____ After deducting $122 million participations of other Federal Reserve Banks, 2/ After deducting $197 million participations of other Federal Reserve Banks, U. S. Government securities Total collateral 1,945 150 58,165 3 ,050 14,850 -
@FedFRASER