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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 14, 1972 The average of daily figures for total reserves of member banks increased $79 million in the latest statement week to $31,071 million. Required reserves and member bank borrowings at Federal Reserve Banks increased while excess reserves declined. An increase in float and a decline in other Federal Reserve liabilities and capital were the major factors supplying reserves in the latest statement week. More than offsetting these reserve gains were increases in currency in circulation and Treasury deposits with Federal Reserve Banks. In addition, System Open Market operations absorbed $428 million reserves net, on a weekly average basis. Member bank borrowings averaged $807 million and exceeded excess reserves by $564 million compared to the revised figure of $277 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 obligations — Bought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements LoansMember 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 2/ Required reserves Excess reserves 2/ Averages of daily figures Week ended Change from week ended Wednesday, Dec 13, Dec. 13, Dec. 15, Dec. 6, 1972 1972 1971 1972 (In millions of dollars) 70,017 1,543 69,376 336 235 195 + + 955 336 1,171 27 6 11 + + 831 27 1,163 144 63 26 1 2 + + 4 26 62 105 807 220 782 995 537 21 349 --_ 7 356 699 7 252 11 51 192 828 - 451 + 156 +2,666 + 278 4,190 1,144 79,363 10,410 400 8,294 98,467 66,237 359 1,525 259 612 2,318 71,310 _ 472 + 551 + 79 + 146 - 67 -1,047 + 515 3,022 1,083 75,911 10,410 + + + 400 8,290 95,011 65,874 356 1,350 252 662 2,318 70,812 24,199 6,422 31,071 30,828 243 + + + + + + + + ... + 688 +3,633 +4,834 - 101 - 213 + 109 48 + 99 +4,680 82 + 121 39 1/ 27,157 6,422 34,029 30,828 3,201 NOTE: A net of $145 million of surplus reserves were eligible to be carried forward from the week ended December 6, into the week ending December 13. On December 13, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,435 million, an increase of $72 million for the week. \J If Includes $34 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Adjusted to include $450 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. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change sine e Dec. 13 197? A S S E T S Gold certificate account * Special Drawing Rights certif. accts. 804) 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 1/ Held under repurchase agreements Total U.S. Government securities Total loans and securities ( 1,782) Cash items in process of collection Bank premises Other assets 1) ( 2,586) TOTAL ASSETS 10,303 400 314 995 62 105 1,163 144 Dec. 6 Dec. 15 1Q71 1Q79 —mt + + 721 + + .. - 86 14 + 130 + + + 4- 1 + - 428 .. -- 62 967 4 105 823 144 29,738 + 963 886 36,681 3,598 70,017 1,543 71,560 74,029 10,177 — — + 963 +1,047 +2,010 +2,933 + 392 + 1,127 + 312 + 2,325 + 1,543 + 3,868 + 5,903 - 3,200 + 21 + 140 +3,354 171 973 9673"5T + 6 11 +3,321 liIAlIIiIllii 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 ( 804) 58,509 27,077 1,525 ( 1,782) 29,473 6,067 ( 2,586) 94,663 + 545 +2,700 + 337 25 + 65 +3,077 29 66 +3,527 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 788 742 174 — 206 Contingent liability on acceptances purchased for foreign correspondents 182 259 612 614 - + 4,395 + 2,918 602 + 86 97 + 2,305 - 3,466 + 26 + 3,260 + + 50 40 + 4 73 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Includes $34 million securities l o a n e d — f u l l y secured b y U . S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 1 3 , 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 Loans -ances securities Holdings Weekly Holdings Weekly changes Changes Within 15 days 990 5,501 +1,981 +116 117 144 16 days to 90 days 5 17,512 50 88 32 + 15 91 days to 1 year -16,409 + 117 191 + 67 Over 1 year to 5 years --24,484 540 - 82 Over 5 years to 10 years — --6,108 238 Over 10 years — 1,546 — 162 — Total "9"95 71,560 167 +2,010 1,307 + 1 1 6 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 13, 1972 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. 10,303 400 588 23 1,339 93 953 23 1,050 33 892 36 478 22 2,272 70 233 15 200 7 177 15 406 14 1,715 49 F.R. notes of other banks Other cash 804 314 142 13 151 16 17 10 36 39 72 36 128 39 64 42 19 20 14 6 34 42 36 15 91 36 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsBought 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 995 27 444 6 187 22 38 125 53 2 32 51 62 105 --- 62 105 __ __ «... «.- --. -.- --- __- _. -- _. -.. --- -— 1,163 144 54 295 144 58 89 88 61 188 42 22 46 51 169 29,738 1,391 7,539 1,471 2,261 2,260 1,569 4,803 1,084 563 1,179 1 ,305 4,313 — 36,681 3,598 70,017 \j ~~ __ 1,543 71,560 74,029 — 1,715 168 3,274 -1,814 178 3,463 — 2,789 274 5,324 -2,788 273 5,321 -1,936 190 3,695 — 5,924 581 11,308 — 1,338 131 2,553 — 694 68 1,325 — 1,455 143 2,777 — 1 ,609 158 3 ,072 5,320 522 10,155 3,274 3,355 _9,299 912 17,750 1,543 19,293 20,343 3,463 3,527 5,324 5,600 5,321 5,431 3,695 3,794 11,308 11,621 2,553 2,648 1,325 1,349 2,777 2,855 3 ,072 ' "3,174 10,155 10,332 441 6 69 2,557 7 246 529 4 55 742 28 69 1,120 13 63 1,275 15 49 1,662 16 137 557 15 33 524 30 21 704 17 33 699 12 41 1,149 8 157 4,637 24,752 5,118 7,597 7,663 5,800 15,884 3,540 2,151 3,877 4 ,397 13,537 Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS 1/ 2/ 11,959 j 171 973 98,953 Includes $34 million securities loaned--fully secured by U. S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Phila- Clevedelphia land Richmond Atlanta DECEMBER 13, 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 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 foreiLgn correspondents 59,313 3,089 14,680 3,604 4,743 5,259 3,114 9,968 2,305 1,029 2,299 2,258 6,965 27,077 1,525 259 612 29,473 7,849 982 91 10 1 1,084 363 7,520 122 1/100 544 8,286 1,175 925 96 11 7 1,039 361 1,899 120 19 1 2,039 615 1,264 230 11 11 1,516 752 1,491 166 15 6 1,678 854 4,143 157 32 6 4,338 1,218 681 96 7 4 788 368 568 75 5 2 650 421 882 54 9 3 948 535 1,500 97 12 4 1,613 409 5,222 221 28 23 5,494 778 614 97,249 27 4,563 167 24,308 29 5,033 48 7,445 44 7,571 38 5,684 94 15,618 21 3,482 13 2,113 24 3,806 25 4,305 84 13,321 788 742 174 33 34 7 205 193 46 39 38 8 71 68 13 42 38 12 55 50 11 123 111 32 27 25 6 18 17 3 33 32 6 43 41 8 99 95 22 98,953 4,637 24,751_ 5JL,18 7,597 5,800 _15_,884 3,540 2 J51 3,877 4,397 13,537 182 8 10 17 6 4 8 10 24 1,059 2,374 2,403 7,317 2/ 46 7^663^ 10 12 27 FEDERAL RESERVE AGENTS1 ACCOUNTS 15,311 F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,310 3,699 4,894 5,365 500 350 451 15_A5Q—2->2££ 15,450 3,800 4,700 5,050 4.990 5,441 1/ After deducting $ 159 million participations of other Federal Reserve Banks. 2/ After deducting $ 136 million participations of other Federal Reserve Banks. 3,330 3r500 3,500 10,250 2,404 700 155 9r700 10,400 2.330 2,485 5 lr080 1,080 2.450 2,450 2.430 2,435 7.600 7,600
@FedFRASER