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Of GOw. '•rf*Ati0*S FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 31, 1972 The average of daily figures for total reserves of member banks increased $127 million in the latest statement week to $33,042 million. Required reserves declined while excess reserves and member bank borrowings at Federal Reserve Banks increased. Major factors supplying reserves in the latest statement week were declines in both currency in circulation and Treasury deposits with Federal Reserve Banks. Offsetting these reserve gains was a more than seasonal decline in float. In addition, System Open Market operations absorbed $276 million reserves net, on a weekly average basis through outright sales of Treasury bills and Federal Agency obligations. Some reserves were supplied during the week, however, through repurchase agreements. Member bank borrowings averaged $477 million and exceeded excess reserves by $197 million compared to $219 million for the previous week. Member bank reserves, Reserve Bank credit, and related items F^eserve Bank credit: U.S. Government securities — Bought outright--System account Held under repurchase agreements Federal Agency obligations — Bought 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 Jfigures Week ended Chang e from week ended Wednesday, Aug. 30,* Aug . 23, Sept. 1, Aug. 30,* 1972 1972 1971 1972 (Iri mill ions of dollars) 70,267 75 1,089 17 - + . + _ 295 75 +3,632 42 1/70,313 526 80 17 +1,089 10 1,076 118 67 8 + 1 8 477 + 3,227 729 75,957 10,410 400 8,153 94,920 62,544 316 1,609 183 584 2,351 67,587 - 27,333 5,709 33,042 32,762 280 + 14 12 67 58 127 • 229 1,330 510 59 600 + 794 47 +5,191 + 278 2 - 598 - 241 + 1 - 171 + 6 3 + 62 + - 341 + 678 +6,147 +3,833 - 157 + 396 11 - 107 + 27 +3,981 3,141 764 77,393 10,410 400 8J157 96,360 62,774 316 1,406 168 602 2,403 67,669 - +2,166 + 357 +2,523 +2,567 44 28,691 5X709 34,400 32,762 1,638 + - --- + + + - + 257 384 127 22 149 -- A net of $52 million of surplus reserves were eligible to be carried forward from the week ended August 23, into the week ending August 30. On August 30, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,551 million, a decrease of $120 million for the week. J7 Includes $22 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. * Estimated (Cleveland district). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) We<Inesday Change since Aug. 23, Sept. 1, 1972 1971 1972 ** AUJI. 30, A S S E T S Gold certificate account Special Drawing Rights certif. accts. 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 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 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 * (1,167) 10,303 — tm 400 324 -- 1,330 42 342 15 — 28 1,076 - +1,076 36,703 3.511 70,313 526 70,839 73,488 10,660 164 600 — 58 93 118 + + + 518 +1,162 — -- +2,190 + 326 +3,678 59 +3,619 +5,025 + 504 + 19 83 +5,935 + 518 + 526 +1,044 +1,579 - 522 1 (4,238) 95,939 + 38 +1.090 (1,167) 55,150 28,611 1,406 +1,703 - 513 168 602 (3,071) + + + + 30,099 (3,071) 428 67 58 118 1/ 4 452 + - + 30,787 7,599 578 (4,238) 94,114 £ A L I 1 A L A C C O U N T S . Capital paid in Surplus Other capital accounts 778 742 305 Contingent liability on acceptances purchased for foreign correspondents 287 10 19 + 29 +1,200 - 188 + 24 +1,026 + 1 — + 1 +3,224 +2,823 + 212 + 26 80 +2,981 - 299 41 +5,865 + + 63 45 40 15 42 * Figures in parentheses are the eliminations made in the consolidating process. JL/ Includes $22 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. ** Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 30, 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 obligations -ances securities Loans Holdings Weekly Holdings Weekly Changes changes Within 15 days 1,330 +108 4,999 152 77 +1 ,292 14,420 - 36 16 days to 90 days 48 57 31 — - 191 - 32 18,945 117 91 days to 1 year — -24,859 519 - 15 Over 1 year to 5 years -— -6,102 227 Over 5 years to 10 years — — — 1,514 148 Over 10 years — Total 1,330 70,839 +1,044 1,194 + 25 125 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 30, 1972 H.4.Ub) Total Boston Philadelphia New York Cleveland * Richmond Atlanta 0'.n millions Chicago Kansas City Minneapolis St. Louis Dallas San Francisco of dollars) A S S E T S 10,303 400 470 23 1,872 93 390 23 555 33 960 36 415 22 2,230 70 332 15 129 7 248 15 279 14 2,423 49 F.R. notes of other banks Other cash 1,167 324 181 16 217 25 50 12 56 36 118 40 195 36 52 44 38 19 35 7 67 38 50 14 108 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 1,330 127 653 9 223 42 56 126 2 3 10 5 74 67 58 --- 67 58 — — --- --- --- --- --- --- --- -.. -- 1,076 118 50 -- 275 118 58 — 82 -- 79 -- 58 -- 172 -- 40 -. 21 -- 46 -- 49 -- 146 -- 30,099 1,386 7,689 1,618 2,299 2,207 1,622 4,817 1,119 589 1,302 1 ,375 4,076 -36,703 3,511 70,313 526 70,839 73,488 -1,691 162 3,239 -3,239 3,416 -9,376 897 17,962 526 18,488 19,659 -1,973 189 3,780 -3,780 3,847 -2,804 268 5,371 -5,371 5,676 -2,691 257 5,155 -5,155 5,276 -1,979 189 3,790 -3,790 3,904 -5,874 562 11,253 -. 11,253 11,551 — 1,364 131 2,614 — 2,614 2,656 -718 69 1,376 .1,376 1,400 -1,587 152 3,041 __ 3,041 3,097 -1 ,676 160 3",211 -_ 3"'JTT 3 ,265 -_ 4,970 475 9,521 -97521 9,741 13,731 164 600 804 2 52 2,192 8 151 829 4 40 1,082 28 38 1,062 13 42 1,527 16 28 2,174 17 81_ 713 15 19^ 557 25 B 911 17 23 928 12 26 952 7 87 4,964 24,217 5,195 7,504 7,547 6,143 16,219 3,807 2,173 4,416 4 ,588 13,404 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS \_l 2/ 1/ 100,177 f Includes $22 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. * Estimated (Cleveland District). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 30, 1972 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. T r e a s u r e r — g e n e r a l 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 ace.eptances purchased for forei•gn correspondents Phila- CleveRichAtlanta Chicago delphia land mond ** (In millions of dollars) Total Boston New York 56,317 2,962 13,989 3,327 4,496 4,941 2,796 9,606 28,611 1,406 168 602 30,787 10,670 1,094 81 7 2 1,184 712 7,120 318 1/ 49 539 8,026 1,577 1,099 78 8 4 1,189 557 1,674 105 15 — 1,794 1,008 1,436 123 8 14 1,581 884 1,867 72 11 4 1,954 1,235 4,415 94 24 9 4,542 1,703 578 98,352 26 4,884 153 23,745 29 5,102 43 7,341 39 7,445 38 6,023 778 742 305 34 34 12 201 193 78 39 38 16 71 68 24 41 38 23 54 50 16 100,177 4,964 24,217 5,195 7,504 7,547 287 13 2/ 75 15 26 15 6.143 19 St. Louis Minneapolis 2,190 Kansas City San Dallas Francisco 974 2,194 2,170 6,672 879 80 5 * 964 571 592 82 4 2 680 468 1,244 109 7 3 1,363 744 1,501 112 9 2 1,624 674 5,690 152 21 23 5,886 537 85 15,936 20 3,745 11 2 ,133 37 4,338 24 4,492 73 13,168 120 111 52 26 .25 11 18 17 5 33 32 13 42 41 13 99 95 42 4.588 13.404 12 16 37 :,291 2 r 312 7,118 16.219 3.807 2 • 173 43 10 6 4.416 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 14,700 3,200 3,409 A,660 5,135 300 350 285 14,850 3.250 4,400 4,915 14,850 3,550 4,750 5,200 1/ A f t e r d e d u c t i n g $119 2/ ** A f t e r d e d u c t i n g $212 m i l l u n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. E s t i m a t e d (Cleveland D i s t r i c t ) . 3,072 9,853 2,310 700 155 3.150 9.300 2.230 1.040 2.400 2.380 7,400 3,150 10,000 2,385 1,040 2,400 2,385 7,400 5 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. * 1,017 Less t h a n $500,000.
@FedFRASER