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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release February 10, 1972 H.4.1 The average of daily figures for total reserves of member banks declined $498 million in the latest statement week to $31,952 million. Required and excess reserves declined while member bank borrowings at Federal Reserve Banks increased. Several factors supplied a modest amount of reserves in the latest statement week. A seasonal rise in currency in circulation, however, more than offset these reserve gains. In addition, System Open Market operations absorbed $368 million of reserves net, on a weekly average basis. Member bank borrowings averaged $43 million, slightly above the level of recent weeks and were $37 million less than excess reserves compared to $246 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 Discounts and advances-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 Averages of daily figures Week ended Chang e from wee k ended Wednesday, Feb . 2, Feb. 9, Feb. 10, Feb. 9, 1972 1972 1972 1971 (Irl mill ions of do liars) +7 ,637 44 - 1/69,352 -- + 643 3 643 + 11 5 69,359 -- 357 -- 643 5 70 6 43 25 204 9 28 307 ... -59 248 182 6 19 10 9 64 259 352 23 +7 ,704 - 600 -+ 594 +7 ,699 4-3,913 + 36 +1 ,909 9 + 7 82 + +5 ,942 2,811 1,307 74,232 10,132 400 7,771 92,536 59,577 502 3,072 156 764 2,382 66,453 + + - + + + + + + . i 68 175 I + 1 2,577 1,357 74,172 10,132 400 7,788 92,492 59,838 513 2,781 145 739 2,405 66,421 Member bank reserves: _ 506 26,083 -hi,757 26,070 With Federal Reserve Banks + 5,869 8 Currency and coin 5,869 + 435 - 498 31,952 +2 ,192 Total reserves held 31,939 - 314 31,872 +2 ,317 31,872 Required reserves 80 - 125 - 184 67 Excess reserves NOTE: A net of $142 million of surplus reserves were eligible to be carried forward from the week ended February 2, into the week ending February 9. On February 9, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,917 million, an increase of $462 million for the week. JL/ Includes $56 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Feb. 9, 1972 Change Feb. 2, 1972 since Feb. 10, 1971 A S S E T S Gold certificate account Special Drawing Rights certif. accts. Cash Discounts and advances Acceptances--Bought outright Held under repurchase agreements Federal Agency obligatons—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 69,352 70,238 (2,804) 10,116 153 1,204 (4,127) 92,305 - 200 55 730 + 1 + 45 - 729 +8,705 +9,282 + 305 + 21 + 22 +9^102 Federal Reserve notes Deposits: Member bank--reserves account U. S. Treasurer—general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,323) 52,626 25,990 2,781 145 739 29,655 (2,804) 7,619 545 (4,127) 90,445 + 280 66 - 392 27 40 - 525 - 538 11 — 794 +3,414 +4,210 +1,039 + 16 + 18 +5,283 + 318 + 31 +9,046 752 742 366 -- £ A £ I 1 £ L A C C O U N T S Capital paid in Surplus Other capital accounts * (1,323) 9,875 400 319 175 68 •a. + 10 + 150 5 643 1/ .• •- — + + 61 80 14 + 643 30,096 200 +5,626 35,905 3.351 69,352 — -- +2,669 + 410 +8,705 - — I: 589 — -- • 200 -- - 65 — + + 44 40 28 Contingent liability on acceptances 22 purchased for foreign correspondents 253 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $56 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 9, 1972 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Accept U. S. Government Federal Agency Discounts securities obligations •ances and Holdings Weekly Holdings Weekly Advances changes Changes Within 15 days 173 +141 4,634 20 16 days to 90 days 2 48 14,465 -194 28 91 days to 1 year — 15,960 -147 178 Over 1 year to 5 years -— 25,286 288 Over 5 years to 10 years — — 7,855 91 Over 10 years — — — .Ju.1.52 58 Total 175 68 69,352 643 •200 H.4.HM STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Cleveland Philadelphia Richmond Atlanta FEBRUARY 9, 1972 Chicago St. Louis Minneapolis Kansas City D alia s San Francisco (1n millions of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. 9,875 400 490 23 2,007 93 732 23 778 33 1,019 36 370 22 2,114 70 329 15 319 7 408 15 287 14 1,022 49 F.R. notes of other banks Other cash 1,323 319 172 11 274 29 127 12 77 37 91 43 210 36 83 35 28 19 26 9 21 32 70 17 144 39 175 -_ 155 I 8 — 1 /. -- 1 68 — -— 68 -- — — --- — — — — -- — — — -- --- -— --- 643 -- 30 -- 167 -- 34 -- 49 -- 47 -- 34 — 104 -- 24 -- 12 -- 27 -- 29 — 86 — 30,096 1,396 7,804 1,587 2,316 2,181 1,574 4,858 1,139 585 1 ,245 1 ,374 4,037 35,905 3,351 69,352 -69,352 70,238 1,666 156 3,218 -3,218 3,248 9,310 869 17,983 -17,983 18,373 1,893 177 3,657 — 3,657 3,692 2,763 258 5,337 — 5,337 5,386 2,603 243 5,027 -5,027 5,079 1,877 175 3,626 -3,626 3,660 5,795 541 11,194 -11,194 11,306 1,359 127 2,625 -2,625 2,649 698 65 1,348 -1,348 1,361 1 ,484 138 2 ,867 -2~,867 2 ,898 1 ,640 153 167 -,167 3 ,196 4,817 449 9,303 -9,303 9,390 12,920 153 1,204 753 2 71 2,122 8 405 687 3 64 883 25 77 1,007 13 75 1,511 16 53 2,137 16 158 718 15 36 508 21 23 823 17 43 866 9 48 905 8 151 96,432 4,770 23,311 5,340 7,296 7,363 5,878 15,919 3,809 2,274 4 ,257 4 ,507 11,708 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outright-Eills 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 \J 5 -- 1 lVlncludes $56 million securities loaned- -fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/lncludes assets denominated in foreign currencies and IMF gold deposited. T 3 *Less than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 9, 1972 Total Boston New York Phila- Clevedelphia land Richmond Atlanta 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 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 53,949 2,874 13,257 3,162 4,389 4,784 2,693 9,344 2,090 905 2,012 2,080 6,359 25,990 2,781 145 739 29,655 10,423 980 6,747 144 455 6 1/ 42 1 2/ 675 7,919 1,131 1,516 655 1,200 272 7 2 1,481 572 1,639 283 13 1,935 763 1,300 264 7 20 1,591 844 1,680 116 9 4 1,809 1,229 4,013 332 21 9 4,375 1,825 926 106 5 1 1,038 598 630 286 3 1 920 397 1,248 191 6 3 1,448 696 1,513 109 8 2 1,632 674 4,114 223 18 21 4,376 654 545 94,572 26 141 4,686 22,833 27 5,242 42 7,129 39 7,258 28 5,759 88 15,632 20 3,746 12 2,234 23 4,179 24 4,410 75 11,464 193 193 92 39 38 21 69 68 30 39 38 28 51 50 18 115 111 61 25 25 13 17 17 6 32 32 14 41 41 15 98 95 51 4,770 23,311 5,340 7,296 7,363 5,878 15.919 3.809 2.274 4.257 4.507 11.708 13 23 13 17 38 8 6 11 14 33 938 2,090 2,238 6,724 752 742 366 96,432 253 33 34 17 11 3/ 66 -- FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 56,792 3,071 14,007 3,300 4,620 4,939 2,445 150 500 300 350 285 56,025 58,470 3,000 3,150 13,800 14,300 3,150 3,450 4,400 4,750 4,720 5,005 1/ After deducting $ 103 million participations of other Federal Reserve Banks. 7/ Includes IMF gold deposit. 3/ After deducting $ 187 million participations of other Federal Reserve Banks. 2,983 3,100 3,100 9,714 2,168 700 155 9.300 10,000 2.080 2,235 5 970 970 2.175 2,175 2.330 2,335 7.000 7,000
@FedFRASER