The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
. - • q f G o v y •. ••?^^e- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 3, 1972 The average of daily figures for total reserves of member banks increased $61 million in the latest statement week to $33,125 million. Required reserves declined while excess reserves and member bank borrowings at Federal Reserve Banks increased. A seasonal decline in float was the major factor absorbing reserves in the latest statement week. This reserve drain was partially offset by a decline in foreign deposits with Federal Reserve Banks. In addition, System Open Market operations provided $88 million reserves net, on a weekly average basis through repurchase agreements. Member bank borrowings averaged $364 million and exceeded excess reserves by $137 million compared to $79 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-Bought outright Held under repurchase agreements Acceptances-Bought 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 Chans*e from week ended Wednesday, Aug. 2, * Aug. 4, Aug. 2, * July 26, 1972 1972 1972 1971 (Irl mil]Lions of dollars) 70,822 - 92 + 1,068 _ 8 + 63 9 2 9 + + 364 + 193 3,171 1,212 76,809 10,410 • 545 56 208 - + - 400 + 336 + 2,464 - 2,377 68,385 27,330 5,795 33,125 32,898 227 +5,000 - 215 1/70,823 11 8 +1,068 45 1,041 --- 8,096 95,715 62,447 150 611 8 92 - + + _ + + - + 632 48 5 63 55 - 400 1,273 + 588 3,276 1,231 78,442 10,410 9 10 +5,990 + 78 -+ 653 +6,721 +3,756 - 148 +1,343 400 7 201 83 1 69 121 27 74 171 - 135 + 55 +4,847 2,418 68,390 30 91 61 74 135 +1,874 + 357 +2,231 +2,438 - 207 28,962 5,795 34,757 32,898 1,859 24 8,101 97,353 62,633 345 2,137 168 689 A net of $58 million of surplus reserves were eligible to be carried forward from the week ended July 26, into the week ending August 2. On August 2, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,923 million, an increase of $184 million for the week. JL/ Includes $134 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. * Estimated (Chicago District). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday July 26, Aug. 4, Aug. 2, 1971 1972 1972 ** A S S E T S 10,303 + 228 Gold certificate account 400 Special Drawing Rights certif. accts. + 54 5 322 + (1,105) Cash + 618 1,273 + 636 Loans + 12 1 63 Acceptances--Bought outright + 8 + 55 55 Held under repurchase agreements +1,041 38 1,041 Federal Agency obligations—Bought outright - 112 48 48 Held under repurchase agreements U. S. Government securities: +2,473 57 30,725 Bought outright—Bills Certificates +2,242 36,596 Notes + 267 3,502 Bonds +4,982 57 70,823 1/ Total bought outright - 583 632 632 Held under repurchase agreements +4,399 + 575 71,455 Total U.S. Government securities +5,966 +1,275 73,935 Total loans and securities 36 +1,266 (3,235) 11,656 Cash items in process of collection + 20 + 1 164 Bank premises 70 + 62 1.067 Other assets 2/ +7,464 +1,307 (4,340) 97,847 TOTAL ASSETS H.4.1(a) 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 (1,105) 55,093 28,882 2,137 168 689 (3,235) 31,876 8,460 (4,340) 96,006 577 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 773 742 326 Contingent liability on acceptances purchased for foreign correspondents 263 + 45 +1 ,104 - 353 + 12 + 88 + 851 + 321 + 32 +1 ,249 mm mm — '- +3,118 +2,413 +1,404 10 35 +3,772 + 549 44 +7,395 + + 42 40 13 58 34 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $134 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve BanksQ 2/ Includes assets denominated in foreign currencies. ** Estimated (Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 2, 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 securities -ances Holdings Weekly Holdings Weekly Changes changes 1,272 74 Within 15 days 6,175 +1 ,496 48 +10 - 891 1 44 16 days to 90 days 15,089 99 — — 18,921 91 days to 1 year 30 146 — — -Over 1 year to 5 years 24,108 475 -— — Over 5 years to 10 years 5,913 197 Over 10 years — — — 1,249 124 Total 1,273 71,455 + 575 1,089 118 +10 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 2, 1972 H.4.Ub) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago* St. Louis Minneapolis Kansas City Dallas San Francisco 0 .n millions of dollars) A S S E T S 10,303 400 538 23 787 93 452 23 832 33 926 36 529 22 2,192 70 413 15 209 7 289 15 525 14 2,611 49 F.R. notes of other banks Other cash 1,105 322 155 14 221 22 55 12 52 36 113 41 176 36 52 45 46 20 31 8 52 37 47 14 105 37 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 1,273 56 706 59 150 16 2 229 3 2 3 1 46 63 55 --- 63 55 — -- --- -.- — -- — -- --- --- -_ -- --- .. -- 1,041 48 48 -- 266 48 56 -- 80 -- 76 -- 56 -- 167 -- 39 -- 20 -- 45 -- 47 -- 141 -- 30,725 1,415 7,849 1,652 2,347 2,253 1,656 4,917 1,142 601 1,329 1 ,403 4,161 -36,596 3,502 70,823 632 71,455 73,935 -1,686 161 3,262 -3,262 3,366 -9,349 895 18,093 632 18,725 19,863 -1,967 188 3,807 -3,807 3,922 -2,796 267 5,410 -5,410 5,640 -2,683 257 5,193 -5,193 5,285 -1,973 189 3,818 -3,818 3,876 -5,857 561 11,335 -11,335 11,731 -1,360 130 2,632 -2,632 2,674 -716 69 1,386 -1,386 1,408 -1,583 151 3,063 -3,063 3,111 .. 1 ,671 160 J ,234 -3"^2343 ,282 __ 4,955 474 9,590 -- 14,891 164 1,067 868 2 75 2,497 8 268 920 4 61 1,076 27 75 1,148 13 78 1,660 16 53 2,238 17 155 782 15 36 573 25 23 969 17 43 976 12 50 1,184 8 150 5,041 23,759 5,449 7,771 7,640 6,368 16,500 4,001 2,284 4,533 4 ,920 13,921 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS l_/ 2/ * _1/ 102,187 | Includes $134 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Chicago District). 93*90 9,777 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Phila- Clevedelphia land RichAtlanta mond AUGUST 2, 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 accrtled 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 13,911 3,333 4,476 4,937 2,819 9,568 2,206 973 2,177 2,162 6,667 28,882 ! 1,069 2,137 107 7 168 1 689 31,876 1,184 780 11,695 6,390 378 1/ 61 623 7,452 1,771 1,147 140 7 5 1,299 692 1,997 146 13 1,912 127 10 5 2,054 1,339 4,486 239 22 2 4,749 1,809 894 179 5 1 1,079 633 677 85 3 2,156 931 1,395 185 7 19 1,606 954 765 492 1,208 225 6 2 1,441 813 1,772 129 8 3 1,912 723 5,935 197 19 28 6,179 758 577 100,346 27 4,960 148 23,282 31 5,355 44 7,607 41 7,538 90 35 6,247 16,216 21 3,939 13 2,243 24 4,455 26 4,823 77 13,681 773 742 326 33 34 14 200 193 84 39 38 17 71 68 25 40 38 24 119 111 54 26 25 11 18 17 6 33 32 13 42 41 14 99 95 46 102,187 5,041 23,759 5,449 7,771 7,640 6,368 16,500 4,001 2,284 4,533 4,920 13,921 263 12 2/ 68 14 24 14 9 6 11 14 34 1,009 2,265 2,309 7,068 56,198 2,969 53 50 18 18 39 * FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securiti.es Total collateral \J After deducting $107 58,854 3,164 1,945 150 58,055 3,050 60,000 3,200 14,656 3,419 4,627 5,127 300 350 285 14,850 3,250 4,400 4,915 14,850 3,550 4,750 5,200 3,070 9,831 2,309 700 155 3,150 9,300 2,230 1,030 2,300 2,380 7,200 3,150 10,000 2,385 1,030 2,300 2,385 7,200 million participations of other Federal Reserve Banks, * 2J ** After deducting $195 million participations of other Federal Reserve Banks. Estimated (Chicago District). 5 Less than $500,000.
@FedFRASER