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FEDERAL RESERVE *«?" Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release February 3, 1972 H.4.1 The average of daily figures for total reserves of member banks declined $193 million in the latest statement week to $32,450 million. Required reserves also declined while excess reserves and member bank borrowings from Federal Reserve Banks increased slightly. A seasonal decline in currency in circulation was the major factor providing reserves in the latest week. Offsetting this reserve increase was a less than seasonal decline in float. In addition, System Open Market operations absorbed reserves through the outright sale of Treasury securities. Excess reserves were only slightly above the week earlier level and exceeded borrowings by $246 million compared to $226 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 obligationsBought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and advancesMember 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 d a i l y f i g u r e s Week ended Chang e frorri week ended Wednesday, Feb. 2 , Jan. 2 6 , |Feb. 3, 1972 1Q72 Fffb. 2 , 19 I1Q71 (Ir l m i l l i o n s cif d o l l a r s ) 69,716 — 195 -- 648 -- 2 — + - 648 19 643 76 -- __ — + - 16 17 73 -- 18 5 265 25 + 182 + 15 +8 , 3 3 8 - 600 -+ 540 +8 ,279 +3 , 9 5 3 + 40 +2 , 1 5 3 + 23 52 + 81 +6 ,199 2,683 1,311 74,287 10,132 400 7,765 92,584 59,554 505 3,173 172 779 2,351 66,534 +2 ,079 + 412 + - 2,802 1,279 74,539 10,132 400 7,712 92,784 59,395 508 3,053 166 755 2,318 66,194 + + + - 274 51 415 -— 54 360 268 — 31 6 31 59 204 26,589 5,861 32,450 32,186 264 _ + 158 35 193 218 25 + - +7 , 9 3 3 - 154 y — | 26,050 5,861 31,911 32,186 +F759T +2 , 4 6 4 + 27 69,552 -- 1 - 275 A net of $126 million of surplus reserves were eligible to be carried forward from the week ended January 26, into the week ending February 2. On February 2, 1972, marketable U. S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,455 million, an increase of $65 million for the week. 1/ Includes $38 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 BAN*CS (In m illions of dollars) W sdnesday Feb, 2, 1972 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 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 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts Contingent liability on acceptances purchased for foreign correspondents Change since Jan. 26, Feb. 3, 1972 1971 .. 9,875 400 309 25 73 -643 -- + 3 + 6 - 4 -- 7 -- • 589 -+ 55 - 217 + 14 26 + 643 24 30,296 -359 44,690 35,905 3,351 69,552 -_ --359 69,552 70,293 ,10y7i60 152 1,159 92,948 -359 -364 -158 + 1 + 49 -469 +2,669 + 410 +7,769 - 144 +7,625 +8,015 + 486 + 23 + 27 +8,017 (2,990) 52,346 25,970 3,173 172 779 30 ,094 8 ,157 -144 -845 +311 4- 26 + 63 -445 + 48 556 + 10 +3,476 +2,148 +2,061 + 11 23 44,197 + 253 + 29 (4,467) 91,153 •531 +7,955 752 742 301 + 1 -+ 61 + + - * (1,477) 1/ -- «(2,9?©) (4,467) (1,477) 44 40 22 253 16 * \J Figures in parentheses are the eliminations made in the consolidating process. Includes $38 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 2 r 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 Discounts Accept U. S. Government obligations -ances and securities Holdings Weekly Holdings Weekly Advances Changes changes Within 15 days -_ 24 20 4,493 -129 - 7 16 days to 90 days 1 53 - 12 14,659 28 + 3 91 days to 1 year --16,107 -218 178 - 3 Over 1 year to 5 years -.--_ 25,286 288 Over 5 years to 10 years .--._ 7,855 91 Over 10 years 1,152 --58 Total 69,552 -359 643 "73 15 - 7 H.4.Ub) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 2, 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. 9,875 F.R. notes of other banks Other cash 1,477 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-Bills Certificates: Special 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 1/ 2/ 400 309 414 23 2,202 541 23 619 33 928 36 438 22 1,953 70 384 15 255 7 431 15 309 14 1,401 93 184 10 285 28 135 12 88 34 108 43 242 36 89 35 41 19 32 8 24 29 77 17 172 38 2 1 _ 5 2 8 -- --- --- --- -- --- -_ -- --- --- 49 -- 47 -- 34 -- 104 -- 24 -- 12 — 27 -- 29 -- 86 -- 25 l 1 1/ "~ i 2 . -- 73 -- --- 643 -- 30 -- 167 — 34 30,296 1,406 7,856 1,597 2 ,331 2 ,196 1,584 4,890 1,147 589 1,253 1 ,383 4,064 35,905 3,351 69,552 1,666 9,310 1,893 1,359 175 541 127 698 65 1,484 138 1 ,640 153 4,817 177 2 ,603 243 5,795 869 2 ,763 258 1,877 156 3,228 18,035 3,667 ,352 ,042 11,226 2,633 1,352 ,875 9,330 -- -- -- -- -- -_ T ;i76 -- -- 3,228 3,258 18,035 18,277 T ,176 3 ,206 9,330 9,418 2,312 1,159 807 2 69 97,415 4,767 73 | 70,293 13,750 152 - i - 449 3,667 3,702 T — T5 ,352 ,401 T -T5,042 ,094 3,636 3,636 3,672 11,226 11,338 2,633 2,657 1,352 1,365 T -T2,875 ,905 748 3 57 992 25 73 1,087 13 69 1,494 2,297 8 392 16 51 16 153 767 15 35 520 20 22 909 17 42 855 9 53 962 8 143 23,597 5,221 7,265 7,378 5,971 15,951 3,933 2,229 4 ,372 4 ,540 12,191 — Includes $38 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies and IMF gold deposited. 3 -- — 1 69,552 1 i 49 tt.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 2, 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 53,823 2,866 13,244 3,155 4,384 4,767 2,667 9,338 2,086 900 2,000 2,075 6,341 25,970 3,173 172 779 30,094 11,147 894 6,629 171 633 6 1/ 64 1 1/ 715 1,072 8,041 721 1,709 1,015 307 8 3 1,333 611 1,518 281 13 1,812 864 1,363 205 8 18 1,594 878 1,734 174 10 3 1,921 1,237 3,882 379 22 5 4,288 1,959 1,008 135 5 3 1,151 614 696 151 3 1 851 427 1,275 232 6 3 1,516 757 1,488 162 8 3 1,661 684 4,468 343 19 24 4,854 686 556 95,620 27 4,686 142 23,136 28 5,127 44 7,104 40 7,279 29 5,854 90 15,675 21 3,872 12 2,190 24 4,297 25 4,445 74 11,955 752 742 301 33 34 14 193 193 75 39 38 17 69 68 24 39 38 22 51 50 16 115 111 50 25 25 11 17 17 s 32 32 11 41 41 n 98 95 97,411 4-767 23.597 5..221 7.265 7,378 5,971 15.951 ^,0^ ?J??q 4,37? 4,540 17,191 253 11 3/ 66 . . . ..11 13 23__ L7_ 38 8_ 6_ LL_ L4_ LI 13— FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 1/ 7/ 3/ 13,996 500 3,150 3,309 300 4,635 4,945 350 2,167 285 700 155 T. 11 no Q t inn 3,100 10,000 3,150 4,400 4,720 14,300 3,450 4,750 5,005 After deducting $108 million participations of other Federal Reserve Banks, Includes IMF gold deposit. After deducting $187 million participations of other Federal Reserve Banks. 9,746 13,800 2,991 ?,nn 2,285 941 2,098 2,248 6,748 5 -aZO 970 7,17.5—7,330 2,175 2,335 7,000 7,000
@FedFRASER