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o* G ow FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 13, 1972 The average of daily figures for total reserves of member banks declined $397 million in the latest statement week to $32,790 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all declined. A more than seasonal increase in float and a decline in other deposits with Federal Reserve Banks were the major factors supplying reserves in the latest statement week. Offsetting these reserve gains were increases in both currency in circulation and Treasury deposits with Federal Reserve Banks. In addition, System Open Market operations absorbed $698 million reserves net, on a weekly average basis through matched sales-purchase transactions and outright sales of Treasury bills. Excess reserves averaged $272 million and exceeded borrowings by $46 million compared to $72 million in the previous week. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securitiesBought outright--Systern account Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Loans-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 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: Averages of daily figures Week ended Change from week ended Wednesday, July 12, * July 5, July 14, July 12,* 1972 1972 1971 1972 (Iri mil].ions of dollars) . + 732 33 +4,933 « + 11 8 +1,086 15 69 13 . 2 6 4- + 226 87 - 3,806 1,061 76,961 10,410 + 709 + 51 70,602 82 1,086 400 8,077 95,849 63,005 352 2,427 176 599 2,364 68,923 26,927 5,863 32,790 32,518 272 - 23 -.-+ 21 1 + 621 10 + 261 76 - 123 8 + 665 «. + - 666 269 397 284 113 34 1/2/ 68,429 — 1,086 26 — 9 3 66 — 765 85 -1- 627 84 +5,745 + 78 3,898 1,110 74,674 10,410 -- 400 + 647 +6,471 +3,823 - 108 + 649 8,081 93,565 63,125 + + 14 122 100 339 2,816 172 560 -44,355 2,224 69,236 +2,116 + 420 +2,536 +2,269 + 267 24,329 5,863 30,192 32,518 -2,326 A net of $209 million of surplus reserves were eligible to be carried forward from the week ended July 5, into the week ending July 12. On July 12, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,740 million, an increase of $945 million for the week. _1/ Excludes $2,435 million of scurities sold, and scheduled to be bought back, under matched sale-purchase transactions. 27 Includes $78 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks. * Estimated (Dallas District). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday July 12,** July 5, July 14, 1972 1972 A S S E T S + 228 10,303 Gold certificate account 400 Special Drawing Rights certif. accts. * + 36 2 303 Cash (858) -1,755 429 85 Loans + 66 1 Acceptances--Bought outright 66 - 57 48 Held under repurchase agreements +1,086 — 1,086 Federal Agency obligatons--Bought outright 46 Held under repurchase agreements U. S. Government securities: + 284 -3,067 28,331 Bought outright—Bills Certificates +2,242 36,596 Notes + 267 3,502 Bonds +2,793 -3,067 Total bought outright 1/ 2/ 68,429 - 341 Held under repurchase agreements +2,793 -3,408 Total U.S. Government securities 68,429 +2,133 -3,932 Total loans and securities 69,666 + 159 +1,045 Cash items in process of collection (3,248) 12,382 + 20 Bank premises 163 + 48 Other assets JV - §2 947 TOTAL ASSETS -2,841 (4,106) 94,164 +2,509 H.4.1(a) L I A BIL I TIES 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 (858) 55,579 24,249 2,816 172 560 27,797 8,564 (3,248) 561 (4,106) 92,501 CAJPJETAL A C C O U N T S Capital paid in Surplus Other capital accounts 774 742 147 Contingent liability on acceptances purchased for foreign correspondents 265 + 144 -4,093 +1,021 - 17 - 15 -3,104 + 309 22 -2,673 +3 ,303 - 715 + 300 9 + - 134 - 540 - 345 9 + +2 ,427 + + 1 — - 169 + - 10 45 40 3 37 * Figures in parentheses are the eliminations made in the consolidating process. J7 Excludes $2,435 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $78 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. ^ • E s t ^ ^ e d (QaUas Qj.^yj.ct) t j MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 12, 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 •ances securities Holdings Weekly Holdings Weekly Loans Changes changes Within 15 days 83 1,593 7 -2,904 11 •45 16 days to 90 days 2 55 16,639 - 179 136 — 18,927 142 - 325 91 days to 1 year -1 -_ -24,108 480 Over 1 year to 5 years — -197 5,913 Over 5 years to 10 years — — — 124 1,249 Over 10 years --.. ^46 66 68,429 -3,408 1,086 Total 85 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 12, 1972 H.4.100 Total Boston Philadelphia New York Cleveland Richmond Atlanta Chicago 0.n millions St. Louis Minneapolis Kansas City . ** San Dallas Francisco 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 obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outright-Bills Certificates: Other Notes Bonds Total bought outright If 2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS 1/ 2/ 2J ** 10,303 400 474 23 2,004 93 630 23 948 33 1,275 36 487 22 1,896 70 432 15 83 7 383 15 194 14 1,497 49 858 303 107 12 192 19 48 10 42 35 82 40 156 35 36 44 19 18 19 8 42 35 37 15 78 32 85 10 18 -- — * 1 17 2 31 5 1 __ 66 -- — — 66 -- — — — -- — -- — -- — -- -— — — — -- --- — -- 1,086 — 51 — 274 -- 58 — 83 — 78 — 60 — 176 -- 41 -- 22 -- 44 — 51 ._ 148 -- 28,331 1,337 7,145 1,505 2,160 2,038 1,567 4,584 1,076 584 1,155 1 ,320 3,860 -36,596 3,502 68,429 68,429 69,666 -1,726 165 3,228 — 3,228 3,289 -9,230 883 17,258 -17,258 17,616 -1,944 186 3,635 -3,635 3,693 -2,790 267 5,217 -5,217 5,300 — 2,634 252 4,924 -4,924 5,002 -2,024 194 3,785 -3,785 3,846 -5,920 567 11,071 — 11,071 11,264 -1,390 133 2,599 -2,599 2,642 -755 72 1,411 __ 1,411 1,464 -1,492 143 2,790 — 2,790 2,839 _1 ,705 163 3",188 — 3" 3 ,240 rnnr -_ 4,986 477 9,323 — 9,323 9,471 15,630 163 947 892 2 69_ 3,036 8 219 833 4 54^ 1,111 27 66_ 1,117 13 66 1,757 16 49 2,426 17 136 813 15 33_ 623 24 22 962 17 36 937 12 43 1,123 8 154 98,270 4,868 23,187 7,562 7,631 6,368 15,889 2,250 4,329 4 ,492 12,412 i 5,295 3,987 Excludes $2,435 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, Includes $78 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Dallas District). *Less than $500,000. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 12, 1972 H.4.1(c) New Total Boston York Phila- Clevedelphia land Richmond Louis Minneapolis Kansas City St. Atlanta Chicago San Dallas Fran* cisco (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 aceseptances purchased for foreign correspondents 4,500 4,963 2,862 9,614 2,207 981 2,183 2,175 6,733 945 1,657 244 214 14 8 — 2 1,257 1,740 3,709 4,222 257 23 4 159 6 129 9 1,915 1,655 4,664 954 886 3,993 1,938 2 1,S18 658 1,951 1,402 2 1,250 401 20 21 1,169 689 550 128 4 1 683 534 1,378 196 11 4 893 117 5 1,083 374 8 16 804 677 728 137 29 43 39 41 88 21 15 21 26 74 4,795 22,759 5,211 7,412 7,543 6,256 15,633 3,932 2,213 4,258 4,396 12,199 774 742 147 34 34 5 200 193 35 39 38 7 71 68 11 40 38 10 53 50 9 119 111 26 26 25 4 18 17 2 33 32 6 42 41 13 99 95 19 98,270 4,868 23,187 5,295 7,562 7,631 6,368 15,889 3,987 2,250 4,329 4,492 12,412 265 12 2/ 69 14 24 14 18 39 9 6 11 15 34 1,011 2,266 2,308 7,072 56,437 2,998 13,866 24,249 2,816 5,968 27,797 11,812 847 135 7 3 992 778 6,992 1,764 561 27 96,607 172 560 462 1/ 57 505 3,355 — 1,015 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,417 4,658 5,105 300 350 285 T4r850 3,250 4,400 4,915 14,850 3,550 4,750 5,200 14,595 3,180 1/ After deducting $115 2/ * After deducting $196 million participations of other Federal Reserve Banks. Estimated (Dallas District). million participations of other Federal Reserve Banks. 3,096 9,844 2,284 700 155 3,150 9.300 2.180 1.030 2.300 2.380 7.200 3,150 10,000 2,335 1,030 2,300 2,385 7,200 — 5
@FedFRASER