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FEDERAL RESERVE '•'f*AL*S*Y''' Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For inv"^i- -e release Jamiirv i, 1974 The average of total reserves of member banks decreased slightly in the latest statement week to $35,445 million. Required reserves ami xember bank borr.owi.ngs at Federal Reserve Backs Increased while excess reserves declined. A decline in float and increases in currency in circulation and other deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest statement week* Partially offsetting these reserve drains were declines in foreign deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital. In addition5 System Open Market operations provided $705 million reserves net, on a weekly average basis through outright purchases of Treasury bills and repurchase agreements. 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 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 2/ Other F.R, liabilities and capital AT'pragps :ijmr?3 w^ek ended(Wednesday, Week pn.ied iC Jan, .^ Jan. 2, •*• r Hoc. Z5, Jan. 2, * 197A| 1973 1974 1973 (In millions of dollars) 73, + 879 195 4-8,484 34 + IV- 117 37 f + 93 31 ^ ,865 ,201 1/78,747 1,662 604 60 1,920 312 68 40 65 205 168 4 541 31 993 24 832 28 13 181 54 +8,377 +1,157 4 "" 18 238 5 26 200 282 78 273 + 373 +9,907 +5,918 13 + 539 + 9 + 209 + 756 +7,418 ,549 J.83 50,636 11,567 400 8,677 111,280 72,517 330 1,985 309 704 2,704 78,549 79,334 Member bank reserves: 32,732 With Federal Reserve Banks 256 28,598 Currency and coin 6,780 272 39,579 Total reserves held 2/ 35,445 1 35,249 Required reserves 35,249 + 300 4,330 196 - 301 Excess reserves 2_/ NOTE: A net of $229 million of surplus reserves were eligible to be car ied forward 1974. from the week ended December 26, 1973, into the week ending January On January 2, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $26,293 million, a decrease of $459 million for the week. 1/ Includes $96 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Adjusted to include $67 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. 3/ Includes $33 million of certain deposits of domestic non-member banks and foreignowned banking institutions held with member banks and redeposited in full with Fede.al Reserve Banks in connection with voluntary participation' by non-member institutions in the Federal Reserve System's orogram of ?.redit restraint. JistiDuatM (r.levfiland, Chicago and Dallas Districts). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday | Change since Jan. 3, Jan. 2,** Dec. 26, 1973 1973 1974 . A S S E T S Gold certificate account + ]L,15/ 11,460 —* Special Drawing Rights certif. accts. 400 .,-Cash 35 268 (1,090) - 10 Loans + 508 + 102 993 Acceptances—Bought outright 4 7 65 + Held under repurchase agreements 84 205 + 205 + Federal Agency obligations—Bought outright 1,920 + 122 + 609 Held under repurchase agreements 312 + 312 + 161 U.S. Government securities: +3,600 + 7,178 Bought outright--Bills 37,084 Certificates Other + 1,833 Notes + 205 38,514 314 Bonds -3,149 + 8,697 Total bought outright +3,805 78,747 1/ Held under repurchase agreements +1,662 441 1,662 + 8,256 Total U.S. Government securities +5,467 80,409 + 9,205 +6,618 Total loans and securities 83,904 + 453 +1,245 Cash items in process of collection 12,094 (1,479) + 29 + 1 Bank premises 223 120 Other assets 2/ - 782 960 +10,689 TOTAL ASSETS +7,072 (2,569) 109,309 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserves account U. S. Treasurer—general account Foreign Other V Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES £AIIlAIi A C C O U N T S Capital paid in Surplus Other capital accounts (1,090) 6* ,330 32,652 1,985 309 ( 16) ( 16) (1,463) 704 35,650 6,625 - 231 +7,291 - 731 - 420 + 111 +6,251 +1,369 998 (2,569) 107,603 841 844 21 •'// +7,409 + + - 3 51 391 + 5,571 + 4,619 + 937 11 9 + 5,536 870 + 362 +10,599 + + 49 51 10 Contingent liability on acceptances purchased for foreign correspondents 579 30 + 395 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $96 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. _3/ Includes $33 million of certain deposits of domestic non-member banks and foregin owned banking institutions held with member banks and redeposited in full with voluntary participation by non-member institutions in the Federal ReserveSystem's program of credit restraint. ** Estimated (Cleveland, Chicago, and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JAP"M*v ?I 1 9 7 4 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of t h e agreements.; Federal Agency U.S. Government nhligations Acceptsecurities Loans Holdings Weekly Holdings ances Weekly Changes changes +294 973 220 7,918 +5,703 312 Within 15 days + 1 16 days to 90 days 20 50 18,717 - 655 115 91 days to 1 year 21,381 + 282 282 + 54 Over 1 year to 5 years 23,128 + 137 787 + 73 Over 5 years to 10 years 7,503 — 49/ + 12 Over 10 years --1,762 — 239 +434 Total 993 270 80,409 +5,467 2^ 232 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 2 , 1 9 7 4 H.4.1(b) Total Boston New York Phila- * Cleveland delphia Richmond * Atlanta Chicago St. Louis Minneapolis Kansas City * Dallas San Francisco (1.n millions of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obiigations-Bought outright Meld under repurchase agreements U.S. Government securities: Bought outright-Bills Certificates: Other 11,460 400 421 23 4,072 93 436 23 594 33 942 36 564 22 1,650 70 184 15 40 7 410 15 273 14 1,874 49 1,090 268 95 15 170 19 58 2 75 32 104 28 166 38 59 33 47 18 25 10 56 32 79 14 156 27 993 140 240 26 96 50 115 164 22 39 34 41 26 65 205 --- 65 205 -— — -- --- --- --- --- --- --- — -- -_- 1,920 312 90 472 312 105 147 146 110 313 72 40 76 88 261 -. _- _- -- -- -- _- 37,084 1,739 9,129 2,031 1 ,699 5,036 -- __ „_ 2,843 2,817 2,130 6,041 1,387 771 1,461 -- -- -- -- -- -- -- -- -- -- -- -- -- Total bought outright Held under repurchase agreements 1/ Total U.S. Government securities Total loans and securities 38,514 3,149 78,747 1,662 80,409 83,904 1,806 148 3,693 2,109 172 4,312 2,953 242 6,038 2,025 239 5,981 2,212 181 4,523 6,274 513 12,828 1,441 118 2,946 801 65 1,637 1,517 124 3,102 5,231 428 10,695 -- -- -- -- -- 1 ,764 144 ~T,607 3,693 3,923 9,481 775 19,385 1,662 21,047 22,341 4,312 4,443 6,038 6,281 5,981 6,177 4,523 4,748 12,828 13,305 2,946 3,040 1,637 1,716 3,102 3,212 Cash items in process of collection Bank premises Other assets 2/ 13,573 223 960 426 44 39 3,267 10 229 502 10 51 650 27 65 1,231 14 68 1,891 15 70 1,777 16 133 600 14 55 640 36 23 111,878 4,986 30,201 5,525 7,757 8,600 7,514 17,043 3,973 2,497 No t e s Bonds TOTAL ASSETS | — — -- -- 17 Includes $96 m i l l i o n s e c u r i t i e s loaned—fully secured by U.S. Government s e c u r i t i e s pledged with Federal Reserve Banks. 2/ Includes a s s e t s denominated in foreign currencies. * Estimated (Cleveland, Chicago, and Dallas D i s t r i c t s ) . -~ ,607 -- 3 ,736 10,695 10,982 898 17 31 501 12 38 1,190 8 158 4,671 4 ,667 14,444 K.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 2, 1974 Total Boston New York Phila- Clevedelphia land* Richmond Atlanta Chicago Louis Minneapolis Kansas City •k 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 accrtled 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 65,420 3,246 16,066 4,089 5,244 5,837 3,557 10,925 2,599 1,170 2,535 2,483 7,669 32,652 1 1,-210 1,985 87 309 11 3 720 35,666 1,311 8,088 1 315 10,868 533 1/117 555 12,073 1,340 857 77 13 43 990 312 1,798 165 24 1 1,988 303 1,473 218 13 17 1,721 875 2,161 188 18 30 2,397 1,367 4,649 151 41 43 4,884 845 839 140 9 1 989 293 668 71 6 2 747 518 1,162 104 11 4 1,281 748 1,632 102 14 5 1,753 305 5,335 149 32 16 5,532 867 44 4,916 285 29,764 50 5,441 74 7,609 71 8,504 6ft 7,389 125 16,779 34 3,915 22 2,457 36 4,600 34 4,575 155 14,223 34 34 2 215 215 7 41 42 1 72 74 2 47 47 2 62 62 1 132 132 28 29 1 20 20 35 35 1 46 46 109 108 4 998 110,172 841 ' 844 21 111,878 4,986 30,201 5,525 7,757 8,600 7,514 17,043 3,973 2,j497 4,671 4,667 14^444 579 24 2/151 29 53 30 41 91 20 13 24 31 72 1,219 2,653 2,632 8,136 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,394 175 3,230 3,405 16,663 — 16,850 16,850 4,164 5,450 6,014 400 350 750 3,800 5,200 4,200 5,550 5^340 6,090 3,787 3,900 3,900 11,210 2,733 700 175 10,600 11,300 2,620 2,795 5 1,240 1,240 2,700 2,700 2,655 2,660 8,300 8,300 _1/ After deducting $ 192 million participations of other Federal Reserve Banks, 2/ After deducting $428 million participations of other Federal Reserve Banks. 3/ Includes $33 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 (Cleveland, Chicago, and Dallas Districts).
@FedFRASER