The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE •f^LRt^] H.4.1 Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release January 10, 1973 The average of daily figures for total reserves of member banks increased $555 million in the latest statement week to $36,190 million. Required reserves increased while excess reserves and member bank borrowings at Federal Reserve Banks declined. An increase in float and decreases in currency in circulation, other deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital were the major factors providing reserves in the latest statement week* Partially offsetting these reserve gains was an increase in foreign deposits with Federal Reserve Banks. In addition, System Open Market Operations absorbed $23 million reserves net, on a weekly average basis, through matched sale-purchase transactions and maturing repurchase agreements made in the previous week. Reserves were provided early in the week through outright purchases of Treasury Bills and repurchase agreements. Averages of daily figures Week ended Change from week ended Wednesday, Member bank reserves, Jan. 10, Jan. 9, * Jan. 9, * Je n. 2, Reserve Bank credit, 1974 1974 1974 L973 and related items (In mi .lions of dollars) Reserve Bank credit: U.S. Government, securities-+ 8 ,489 + 428 78,751 1/2/77,312 Bought outright--System account Held under repurchase agreements + 114 1.64 - 338 — Federal Agency obligations-Bought outright + 609 + 1,920 5 1,920 Held under repurchase agreements 45 39 + - 66 Acceptances-Bought outright 65 4 11 65 Held under repurchase agreements + 39 48 45 — Loans-. 434 Total member bank borrowing + 776 88 2,103 Includes seasonal borrowing of: + 19 19 17 - 12 Other borrowing - 254 + 250 Float 4.303 4,813 1,211 Other F.R. assets 65 7 1,299 + + 9 ,047 87,280 Total Reserve Bank credit 87,512 - 199 + 1 ,157 11,567 Gold stock 11,567 -» 400 400 Special Drawing Rights certif. acct. -— + 8,683 Treasury currency outstanding 369 7 + 8,685 107,930 108,164 +10 ,573 - 192 Currency in circulation 71.867 71,761 + 5 ,844 - 595 Treasury cash holdings 329 21 4 356 Treasury deposits with F.R. Banks + 2,338 84 2,834 + 631 Foreign deposits with F.R. Banks + 213 + 543 257 544 Other deposits with F.R. Banks 4/ + 700 709 27 - 278 Other F.R. liabilities and capital + 2,777 2,784 523 - 200 + 7 ,261 78,555 78,987 - 779 Member bank reserves: With Federal Reserve Banks + 587 + 3 ,311 29,375 29,176 Currency and coin + 6,748 6,748 585 - 32 Total reserves held 3/ + 555 + 3 ,684 36,190 35,991 Required reserves + 943 + 3 ,812 36,192 36,192 „. Excess reserves 3/ 2 - 201 388 - 128 NOTE: A net of $148 million of surplus reserves were eligible to be carried forward from the week ended January 2, into the week ending January 9. On January 9, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $25,622 million, a decrease of $671 million for the week, 1/ Excludes $1,640 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $92 million securities loaned-~fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Adjusted to include $67 million of certain reserve deficiencies on which penalties can be waived for a transition period in connection with bark adaptation to Regulation J as amended effective November 9, 1972. 4/ Includes $34 million of certain deposits of domestic non-member banks and foreignowned 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, Minneapolis, San Francisco and Dallas Districts), H.4.1(a) CQNSOLIDATED STATEMENT OF CONDITIO OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Jan. 9,** Jan. 2, ] Jan. 10, 1973 1974 1974 A S S E T S Gold certificate account + 1,157 11,460 Special Drawing Rights certif. accts. 400 Cash 2 51 266 (1,338) Loans +1,110 + 1,273 2,103 Acceptances—Bought outright 11 65 Held under repurchase agreements - 205 Federal Agency obligations—Bought outright + 609 1,920 Held under repurchase agreements - 312 U.S. Government securities: Bought outright—Bills + 5,595 -1,435 35,649 Certificates Other Notes + 1,833 38,514 Bonds 314 3,149 Total bought outright + 7,114 -1,435 77,312 I) 2/ Held under repurchase agreements •1.662 Total U.S. Government securities +7,114 •3,097 Total loans and securities -2,504 + 8,985 81,400 Cash items in process of collection + 51 -2,192 10,751 (1,590) Bank premises + 30 + 1 224 Other assets \J + 96 33 1,075 TOTAL ASSETS ±10,139 1P5-..5Z& -4,601 (2,928) Federal Reserve notes ~ Deposits: Member bank-reserves account U. S. Treasurer—general account Foreign (1,338) Other Jj Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES £ A Z I 1 £L A C C O U N T S Capital paid in Surplus Other capital accounts (1,590) (2,928) + 5,402 + 3,303 + 873 + 238 136 + 4,278 55 + 391 +10,016 63,592 29,096 2,834 543 709 33,182 6,018 975 103,767 846 844 119 + 3 + 91 + 5 + + 2 51 20 Contingent liability on acceptances purchased for foreign correspondents 610 + 3 1 + 421 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1,640 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $92 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $34 million of certain deposits of domestic non-member banks and foreignowned 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,Minneapolis, Dallas and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY SO. 19Z4 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Federal Agency U„S. Government obligations Loans Acceptsecurities ances Weekly Holdings Weekly Holdings Changes changes Within 15 days -301 20 %664 -3,254 U 2,093 16 days to 90 days - 11 10 45 19,394 + 677 104 91 days to 1 year 20.,861 - 520 282 Over 1 year to 5 years 23,128 787 — Over 5 years to 10 years 7,503 497 — Over 10 years 1..762 239 — Total -312 77,312 -3,097 1,920 65 2,103 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 9, 1974 Total ^Boston* Philadelphia New York Cleveland Rich^ mond St. Louis 0 "n millions of dollars) Atlanta Chicago Mmne-^ apolis Kansas City Dalla§* San** Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. 11,460 400 609 23 3,486 740 23 976 33 1,106 36 439 22 1,535 70 392 15 208 7 272 15 320 14 1,377 93 49 F.R. notes of other banks Other cash 1,338 266 105 15 226 19 79 2 101 32 134 28 215 38 98 30 50 19 24 10 48 32 93 14 165 27 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 1/ 2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 2,103 7 1,113 53 48 17 52 413 20 17 45 3 315 65 65 — — — — — — — -— .— „ — — -- — — -- -— ---. 1,920 90 472 105 147 146 110 313 72 40 76 88 — — — — — — — — Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS --261 „- «- 35,649 1,672 8,776 1,952 2,733 2,708 2,047 5,807 1,333 742 1,405 1,633 5,841 38,514 3.149 77,312 1,806 9,481 3,626 19,032 2,953 242 5,928 2,925 239 5,872 2,212 181 4,440 SI 3 12,594 1,441 118 2,892 801 65 1,608 1,517 - J-24 3,046 1,764 144 3,541 5,231 775 2,109 172 4,233 6,274 148 -- _,- — ,.. _- 77,312 81,400 3,626 3,723 12,341 440 44 224 1 ,075 108,504 M 5,002 ... .- „-. 4,233 4,391 5,928 6,123 5,872 6,035 4,440 2,892 12,594 4,602 "TT,320 ™ 2 , 9 8 4 2,363 10 741 474 11 57 517 27 71 1,130 14 1,205 15 70 1,545 16 1^1 585 14 27,120 5,777 7,880 8,556 6,606 16,765 4,094 ..-. -.. 19,032 26,682 — T\ • . - ^ 1/ Excludes $1,640 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions . 2/ Includes $92 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. ** Estimated (Boston,Minneapolis,Dallas and San. Francisco Districts). ., _„ 938 17 2,708 4,522 W 428 10,500 __ 1,608 3,046 3,541 1,665""~~ 3,167 "3763r~ 699 36 5Q -. 10,500 11,076 731 12 77 1,714 4,893 14,581 8 165 ~ H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 9, 1974 Total * Boston New York Phila- Clevedelphia land RichAtlanta mond Chicago St. Louis Minne-* Kansas apolis City * it Dallas Francisco (In millions of dollars) LIABILITIES Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 3/ 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 foreign correspondents 15,941 4,065 5,211 5,794 3,511 10,823 2,585 1,165 2,516 2,457 1,107 157 22 3 1,289 350 8,229 482 1/148 570 9,429 1,060 1,034 137 26 25 1,222 349 1,855 171 49 2 2,077 362 1,350 375 28 19 1,772 818 1,861 246 38 14 2,159 735 4,193 297 84 42 4,616 893 887 144 18 3 1,052 361 697 169 12 3 881 598 1,012 164 22 6 1,204 691 1,517 5,354 203 289 29 67 6 16 1,755 5,726 541 850 45 975 106,695 4,928 229 26,659 51 5,687 70 7,720 69 8,453 71 6,476 147 34 16,479 4,032 22 2,666 36 4,447 42 159 4,795 14,353 215 215 31 41 42 7 76 74 10 47 47 9 62 62 6 28 29 5 20 20 2 35 35 5 64,930 3,244 29,096 2,834 543 709 33,182 7,608 846 844 119 108,504 610 34 34 6 J ,UUZ, n-i i nr\ £.1 , XZ.W 26 2/159 c r\nn C I ' l l J> , / / / 30 "7 00/> / ,OOU 55 O C C£ C C f\K O ,JJU o , uuu 31 43 133 132 21 i K -r/r r 96 / r\r\ 1 I. 21 14 r A/> 26 46 46 6 7,618 109 108 11 4,893 14,581 33 76 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,378 175 3,230 3T7f05 16,649 — 16,850 16,850 4,146 5,452 67518 400 350 750 3,800 4,200 5,200 5,550 5,340 67090 37776 — 3,900 J7900 11,174 700 10,600 11,300 2,722 * 1,214 L/D 2,620 2,795 — 1,240 T^40 2,649 ~ 2,700 2,700 2,622 8,131 5 2,655 8^300 2,660 8,300 1/ After deducting $ 395 million participations of other Federal Reserve Banks. 27 After deducting $451 million participations of other Federal Reserve Banks. 3/ Includes $34 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, Minneapolis, Dallas and San Francisco Districts).
@FedFRASER