The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 9, 1973 The average of daily figures for total reserves of member banks declined $616 million in the latest statement week to $33,414 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all declined. An increase in float and declines in both Treasury deposits and foreign deposits with Federal Reserve Banks were the major factors supplying reserves in the latest: statement week. Partially offsetting these reserve gains was an increase in currency in circulation. In addition, System Open Market operations absorbed $1,019 million reserves net, on a weekly average basis through matched sale-purchase transactions and maturing repurchase agreements made in the previous week. Averages of daily figures Week ended Change from week ended Wednesday, August 9, August 8,* August 8,* August 1, . 1973 1972 1973 1973 (In millions of dollars) T727 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 — Total member bank borrowing Includes seasonal borrowing of: Other borrowing 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 75,302 486 440 1,614 +4,486 - 134 463 1 1,614 46 14 16 48 86 17 +1,721 + 158 1,429 156 + 405 + 20 - 628 + 33 +5,909 -.+ 427 +6,336 +5,629 3,221 1,358 80,343 10,410 400 8,544 99,697 68,663 352 2,302 285 822 2,670 75,094 3 44 + 53 2,008 158 4/ 2,672 1,298 82,946 10,410 400 8,543 .02,300 68,310 334 2,773 275 816 2,961 75,469 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves 72,673 + - 681 --±_ 4 676 + 259 + 10 - 155 - 132 .. 2 + 58 38 + + 4 + 242 + 116 + 183 + 582 +6,756 - 715 - 421 24,603 26,830 6,472 6,472 + 590 ±_ 99 31,187 616 + 281 33,414 3/ - 164 33,390 + 387 33,390 - 106 -2,203 - 452 24 3/ NOTE: A net of $385 million of surplus reserves were eligible to be carried forward from the week ended August 1, into the week ending August 8. On August 8, 1973, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,833 million, a decrease of $170 million for the week. 17 Excludes $3,269 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $151 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. _3/ Adjusted to include $112 million of certain reserve deficiencies on which penalties can be waived for a transition period in connection with bank adaptation to Regulation J as amended effective November 9, 1972. 4/ Includes $5 million of certain deposits of domestic non-member banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint. * Estimated (Boston and Cleveland Districts). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday August: 8,**1 August 1, Augus t 9 1972 1973 1973 A S S E T S Gold certificate account --10,303 JU — -400 Special Drawing Rights certif. accts. (1,048) 3 + 308 15 Cash + 587 51 + 1,429 Discounts and advances Acceptances--Bought outright 17 7 48 - 97 -97 Held under repurchase agreements -+ 445 1,614 Federal Agency obligations—Bought outright 3 76 -Held under repurchase agreements U. S. Government securities: -3 ,460 +1,185 31,871 Bought outright--Bills Certificates + 542 37,138 Notes + 162 3,664 Bonds •3,460 1/2/ 72,673 +1,889 Total bought outright • 723 - 609 Held under repurchase agreements 72,673 -4,183 +1,280 Total U.S. Government securities -4,312 +2,195 75,764 Total loans and securities -2,163 (1,586) 9,041 - 484 Cash items in process of collection 208 + 1 + 44 Bank premises 6 + 6 1,150 Other assets J3/ (2,634) 97,174 -4,786 55 TOTAL ASSETS H.4.1(a) LIABILITIES! Federal Reserve notes Deposits: Member bank--reserves account U. S. Treasurer--general account Foreign Other 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES £ A 1 I I A L A C C O U N T ^ Capital paid in Surplus Other capital accounts (1,048) 60,672 24,523 2,302 285 822 + 424 -4,685 + 21 + 35 + 44 +5,242 -3,701 - 171 + 129 + 260 27,932 5,900 898 (2,634) 95,402 -4,585 - 301 46 -4,508 -3,483 -2,169 + 325 85 + + + + (1,586) 825 793 154 1 -- 279 50 51 39 Contingent liability on acceptances purchased for foreign correspondents 502 + 4 + 237 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $3,269 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. J2/ Includes $151 million securities loaned — fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. £_' Includes $5 million of certain deposits of domestic non-member banks and foreign owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint. '*** Estimated (Boston and Cleveland Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 8, 1973 (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 1,353 12 3,780 -2,676 --76 16 days to 90 days 36 76 16,209 52 -1,259 91 days to 1 year -14,742 - 248 372 Over 1 year to 5 years --_ 26,982 630 -„ Over 5 years to 10 years -9,358 308 Over 10 years --• 1,602 -252 Total 1,429 48 72,673 -4,183 1,614 -76 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 8, 1973 H.4.1U>) Total Boston" New York Philadelphia Cleveland * Richmond Atlanta Chicago O.n millions St. Louis Minneapolis Kansas City D alias San Francisco of dollars) A S S E T S 10,303 400 488 23 2,290 93 603 23 621 33 901 36 538 22 2,127 70 504 15 187 7 168 15 191 14 1,685 49 F.R. notes of other banks Other cash 1,048 308 141 15 224 22 44 4 50 33 92 36 164 41 66 36 28 21 23 5 39 39 62 14 115 42 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 i 111 Held under repurchase agreements" Total U.S. Government securities Total loans and securities 1,429 134 276 41 99 123 157 203 34 48 135 66 113 48 -- --- 48 -- -__ --- --- --- --- --- --- -__ .. 1,614 -- 72 — 428 -- 87 -- 119 -. 115 -- 84 -- 256 -- 59 -- 33 -- 67 -- 72 __ 222 ._ 31,871 1,422 8,455 1,724 2,344 2,268 1,671 5,052 1,162 647 1,332 1 ,415 4,379 -37,138 3,664 72,673 -72,673 75,764 — 1,657 164 3,243 -3,243 3,449 -9,853 972 19,280 -19,280 20,032 -2,010 198 3,932 — 3,932 4,060 -2,732 270 5,346 -5,346 5,564 -2,642 261 5,171 -5,171 5,409 -1,947 192 3,810 -3,810 4,051 -5,886 581 11,519 -11,519 11,978 -1,353 133 2,648 .2,648 2,741 -754 74 1,475 -1,475 1,556 -. 1,552 153 3,037 -3,037 3,239 __ 1 ,649 163 ,227 ~T -- Cash items in process of collection Bank premises Other assets 10,627 208 1,150 450 36 49 2,151 7 296 450 7 73 675 27 81 1,238 14 80 1,037 15 63 1,332 17 169 372 14 38 476 34 27 681 17 44 557 12 48 1,208 8 182 99,808 4,651 25,115 5,264 7,084 7,806 5,931 15,795 3,733 2,315 4,242 4 ,263 13,609 Gold certificate account Special Drawing Rights certif. acct. TOTAL ASSETS 1/ 2/ 3/ * 1/ ..-. -- Excluded $3269 million of securities sold, and scheduled to be bought back, under matched sale=purchase transactions. Includes $151 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denomination in foreign currencies. Estimated (Boston and Cleveland Districts). 7^Ti~~ ~T 3 ,365 5,103 503 9,985 -_ _ _ _ _ 10,320 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Phila- Clevedelphia land" Richmond Atlanta AUGUST 8, 1973 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 3/ Total deposits Deferred availability cash items Other liabilities and accriled 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 61,720 3,165 15,348 3,820 4,884 5,473 3,202 10,297 2,435 1,113 2,432 2,361 7,190 24,523 2,302 285 822 27,932 7,486 797 147 11 2 957 410 6,769 430 1/ 85 689 7,973 1,115 755 195 13 22 985 324 1,232 109 25 1 1,367 596 1,163 195 14 23 1,395 779 1,639 135 19 11 1,804 748 3,812 259 43 29 4,143 944 696 178 9 4 887 320 594 135 6 3 738 402 992 118 11 10 1,131 571 1,169 123 15 6 1,313 457 4,905 278 34 22 5,239 820 898 98,036 41 4,573 234 24,670 47 5,176 64 6,911 61 7,708 52 5,806 135 15,519 31 3,673 22 2,275 36 4,170 38 137 4,169 13,386 825 793 154 33 34 11 209 207 29 41 39 8 74 72 27 45 42 11 60 55 10 130 124 22 28 27 5 20 18 2 34 33 5 99,808 4,651 25,115 5,264 7,084 7,806 5,931 15,795 3,733 2,315 4,242 502 21 2/131 25 46 26 35 79 17 11 21 27 63 1,166 2,553 2,514 7,568 -- 5 2,600 2,600 2.580 2,585 45 43 6 106 99 18 4,263 13,609 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,322 16,110 3,886 5,054 5,673 3,427 10,503 2,569 180 -- 350 350 555 -- 700 155 3,160 3,340 16,250 16,250 3,700 4,050 4,850 5,200 5,200 5,755 3,600 3,600 9,900 10,600 2,480 2,635 — 1,200 1,200 7,900 7,900 1/ After deducting $200 million participations of other Federal Reserve Banks. 7/ After deducting $371 million participations of other Federal Reserve Banks. 3/ Includes $5 million of certain deposits of domestic non-member banks and foreign-owned banking institutions held with member banks and "~ redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint. Estimated (Boston and Cleveland Districts).
@FedFRASER