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&,;•. •?^W-- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 19, 1973 The average of daily figures for total reserves of member banks increased $1,210 million in the latest statement week to $33,677 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. A decline in Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital were the major factors providing reserves in the latest statement week. In addition, System Open Market operations provided $250 million reserves, on a weekly average basis. Member bank borrowings averaged $1,723 million as compared to $1,680 million in 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 Loans— Total member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gpld stock Special Drawing Rights cert if. acct. Treasury currency out .standing 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 2/ Required reserves "" Excess reserves 2/ NOTE: Averages o f daily figures Week ended Change from week ended Wednesday, * July 11, July 19, July 18, July 18, 1973 1972 1973 1973 (In millions of dollars) 75,372 339 + 171 + 92 +4,470 + 10 1/ 75,328 377 1,449 104 .• i + 363 + 68 1,449 207 6 6 - 11 43 51 16 43 — +1,550 + 117 1,679 116 3,811 1,177 84,047 10,410 400 8,537 103,394 68,614 344 3,224 281 817 2,728 76,007 + 132 + 87 + "513 -— — + 513 - 48 - 22 - 754 3 + 88 - 244 - 984 85 + 62 +6,384 -— + 455 +6,839 +5,785 + 14 + 836 + 82 + 196 + 464 +7,^78 4,421 1,171 84,699 10,410 400 8,537 104,046 68,642 343 3,005 257 782 2,720 75,749 27,388 6,177 33,677 33,272 +1,497 - 287 +1 ,210 + 744 + + + 57 15 1,723 117 - + 538 808 382 124 28,297 6,177 34,586 33,272 1,314 A net of $17 million of surplus reserves were eligible to be carried forward from the week ended July 11, into the week ending July 18. On July 18, 1973, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,975 million, an increase of $295 million for the week. \J Includes $131 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2j Adjusted to include $112 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. Estimated (Cleveland and San Francisco Districts). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday July 18,** July 11, July 19, 1973 1972 1973 ASSETS Gold certificate account 10,303 Special Drawing Rights certif. accts. 400 Cash ( 977) 298 16 + 4 Loans +1,597 1,679 - 623 Acceptances--Bought outright 51 16 6 Held under repurchase agreements 16 27 + 16 Federal Agency obligations—Bought outright 1,449 + 363 Held under repurchase agreements + 207 207 + 159 U. S. Government securities: Bought outright—Bills 34,526 +2,604 +3,671 Certificates Notes 37,138 + 542 Bonds 3,664 + 162 Total bought outright 1/ 75,328 +4,375 +2,604 Held under repurchase agreements "" 377 + 21 + 377 Total U.S. Government securities +4,396 75,705 +2,981 Total loans and securities 79,107 +2,575 +6,472 Cash items in process of collection (1,780) 10,196 14 -2,826 Bank premises -+ 43 207 Other assets 2/ 964 + 6 27 z TOTAL ASSETS' (2,757) +3,646 101,475 +2,571 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 60,639 28,217 3,005 257 782 32~,261 5,855 862 99,617 - 258 +3,955 -1,236 12 + 93 +2,800 71 + 21 +2,492 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 821 793 244 1 -80 Contingent liability on acceptances purchased for foreign correspondents 488 * 1/ ( 977) (1,780) (2,757) f +5 ,387 + 184 + 579 21 + + 167 + 951 -3 ,118 + 288 +3 ,508 + + + 47 51 40 + 224 37 + Figures in parentheses are the eliminations made in the consolidating process. Includes $131 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Cleveland and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 18. 1973. (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 Loans Holdings Weekly Holdings Weekly changes Changes Within 15 days 1,599 31 5,833 +3 ,525 215 +209 16 days to 90 days 80 36 - 549 48 - 2 17,355 91 days to 1 year --14,575 + 5 331 -Over 1 year to 5 years — __ 2.6,982 -562 -Over 5 years to 10 years -__ 9,358 -284 -Over 10 years 1,602 — 216 — — — Total 67 75,705 +2,981 1,656 +207 1,679 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.Hb) Total Boston New York Philadelphia Cleveland Richmond Atlanta JULY 18, 1973 Chicago St. Louis Minneapolis Kansas City Dallas San .JFrancisco (In 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 obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outright-Bills Certificates: Other Notes Bonds Total bought outright 1_/ 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 i 10,303 400 501 23 2,691 93 817 23 1,039 33 698 36 163 22 1,944 70 416 15 122 7 533 15 254 14 1,125 49 977 298 97 15 205 20 30 5 35 32 95 36 161 39 64 33 29 21 22 6 43 38 57 15 139 38 1,679 260 76 146 71 111 245 251 80 36 164 107 132 — 51 16 — — — ~ — — -- -- -- -- 1,449 207 66 390 207 75 105 103 78 231 53 30 56 64 198 34,526 1,575 9,286 1,798 2,495 2 ,465 1,848 5,509 1,275 715 1 ,330 1,519 4,711 51 16 — 37,138 3,664 75,328 377 75,705 79,107 -- -- -- -- -- -- -- -- -- -- -- -- 1,694 167 3,436 9,987 985 20,258 1,934 191 3,923 2,684 265 5,444 2 ,651 262 5 ,378 1,988 196 4,032 5,927 585 12,021 1,372 135 2,782 770 76 1,561 1 ,430 141 2 ,901 1,633 161 3,313 5,068 500 10,279 — 222 3,436 20,635 3,762 fa,375 3,923 4,144 5,444 5,620 5 ,378 b ,592 4,032 4,355 12,021 12,503 2,782 1,561 10,279 1,627 2 ,901 3 ,121 3,313 2,915 3,484 10,609 598 7 56 493 27 68 ,344 14 72 1,309 15 55 1,679 17 144 507 14 34 565 34 23 844 17 36 731 12 41 1,060 8 130 5,680 7,347 __7_,887 6P119 16,454 _ 3.951 - 2,406 _-A.r£4I 11,976 207 412 35 964 44 2,434 7 261 [104,232_ L 4J389 27,086 \_l Includes $131 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assests denominated in foreign currencies. * Estimated (Cleveland and San Francisco Districts). - 4,608 -- 13,158 "" — - H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 18, 1973 Total Boston New York Phila- Cleve-* delphia land RichAtlanta mond Chicago MinneSt. Louis apolis 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 accnled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for fore:Lgn correspondent^ 61,616 3,163 15,277 3,848 4,880 5,440 3,192 28,217 3,005 257 782 32,261 7,635 902 295 11 4 1,212 399 8,857 277 1/ 63 676 9,873 1,207 1,014 254 13 17 1,298 399 1,551 297 24 1 1,873 373 1,185 218 14 22 1,439 841 1,696 100 18 9 1,823 924 862 38 102,374 4,812 249 26,606 41 5,586 59 7,185 61 7,781 49 5,988 126 16,159 29 3,887 209 41 45 42 19 60 55 16 130 124 41 821 793 244 10 64 14 73 72 17 104,232 4,889 27,086 5,680 7,347 7,887 6,119 21 2/127 24 44 25 34 488 33 TO 10,284 2,430 1,118 2,428 2,353 7,203 4,271 873 285 182 41 9 14 3 4,611 1,067 361 1,138 630 127 6 2 765 458 1,037 402 11 8 1,458 655 1,292 253 14 4 1,563 558 4,909 315 33 22 5,279 322 22 2,363 29 4,570 35 4,509 124 12,928 28 19 34 1 Q 10 45 43 11 104 £- # 16J454_JL951 __2,406 4,647 4,608 13,158 11 21 26 61 1,175 2,541 2,529 7,613 77 JL <J 9 6 17 QO 27 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 64,291 3,305 2,195 16,022 180 63,275 3.160 65,470 3,340 16.250 16,250 3,913 5,052 5,636 250 350 555 3.700 3,950 4.850 5,200 5.155 5,710 1/ After deducting $ 194 million participations of other Federal Reserve Banks. 2/ * After deducting $ 361 million participations of other Federal Reserve Banks. Estimated (Cleveland and San Francisco Districts). 3,433 3.500 3,500 10,504 2,568 700 155 9.900 2.480 10,600 2,635 5 1.200 1,200 2.600 2,600 2.580 2,585 7.900 7,900
@FedFRASER