The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement off F.R. Banks H.4.1 For immediate release July 2, 1970 The average of daily figures for total reserves of member banks increased $502 million in the latest weektto $27,756 million. Required reserves, excess reserves, and member bank borrowings at Federal Reserve Banks all increased. A greater than seasonal decline in float of $577 million was the major factor draining reserves in this latest statement week. However, this drain was partially offset by a rise in other Federal Reserve assets and by System Open Market operations. The System holdings of U.S. Government securities rose by $445 million net, on a weekly average basis. Member bank borrowings averaged just under a billion dollars and exceeded excess reserves by $784 million compared to $823 million for the previous week. Member bank .reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities— Bought outright--Systera account Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements Acceptances Bought outright Held under repurchase agreements Discounts and advances-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: Avera?tea of daily figures Week ended Change from week ended Wednesday, July 1, June 24, 1 J u iy 2, July 1, 1970 1970 1 1969 1970 (Iri millions of dollars) 1/ 57,744 + 445 -- -- — — 33 5 -- 993 90 2,580 1,521 62,961 11,367 — + 106 -- + + 7,010 ,81,738 54,180 + + + 457 - 163 786 2^256 58,972 22,766 4,990 27,756 27,547 209 577 97 66 --- 400 1,129 +3,700 - 117 + - + + + + + 6 72 8 27 66 44 14 67 75 148 354 502 357 145 - 57,714 — 53 tm •• 9 34 19 - 641 + 90 + 161 -1?151 +1,960 +1,000 + 400 + 265 +3,624 +3,267 - 198 + 61 + 35 + 295 + 234 +3,695 71 + 327 + 256 + 543 - 287 •••a 834 90 2,551 1,361 62,584 11,367 i 400 7,009 81,360 54,475 444 900 185 813 2,284 59,101 22,260 4,990 27,250 27,547 - 297 A net of $78 million of surplus reserves were eligible to be carried forward from the week ended June 24, into the week ending July 1. 1/ Includes $35 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. On July 1, 1970, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account Were $10,665 million, and increase of $175 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since July 2, July 1, June 24, 1969 1970 1 1970 A S S E T S +1,018 Gold certificate account 11,045 Special Drawing Rights certif. accts. * 400 + 400 Cash (685) 216 + 37 Discounts and advances 924 83 + 363 Acceptances: Bought outright 34 Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities : Bought outrigh t*Bills + 709 22,407 +2,941 Certificates Notes 32,420 +1,919 Bonds S.887 -1.241 Total bought outright + 7Q9 +3,619 1/ 57,714 Held under repurchase agreements -Total U. S. Government securities + 709 57,714 +3,619 Total loans and securities 58,672 + 792 +3,973 Cash items in process of collection (2,669) 10,463 + 365 + 199 Bank premises + 6 119 Other assets 2/ - 180 -1,301 1,242 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS +4,332 + 977 (3,354) 82,157 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 (685) (5) (5) 47,803 218 +2,754 22,260 + 704 - 236 61 ,2 + 405 + 278 + 6 + 907 +1,048 900 185 813 (2,664) 24,158 7,912 (3,354) 80,482 609 £ £ P I T A L A C C O U N T S Capital paiZ in Surplus Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 685 669 321 235 —_ • — • + 95 + 35 + 296 +1,284 + 56 + 145 +4,239 70 + + + 24 39 30 7 + 73 * Figures in parentheses are the eliminations made in the consolidating process. JL/ Includes $35 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. JUL? 1, 1970 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and advances Within 15 days 16 days to 90 days 91 day8 to 1 year Over 1 year to 5 years •s Over 5 years to 10 jars Over 10 years Total 828 96 Acceptances 12 22 — — — -— — 924 34 Federal Agency obligations Holdings Weekly changes -2,203 10,004 +193 14,174 +516 -25,395 .. 5,314 624 57,714 — +709 H. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 1, 1970 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. 11,045 400 368 23 3,220 93 588 23 945 33 957 36 547 22 1,881 70 318 15 111 7 395 15 343 14 1,372 49 F. R. notes of other banks Other cash 685 ! 216 1 52 9 186 26 36 9 53 25 47 13 95 30 25 29 23 13 23 7 32 16 19 14 94 25 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outright— 924 i 53 268 32 25 33 75 250 19 54 35 46 34 34 -- — -- 34 -- — -- — -- --- --> -__ -__ -«, -- -_ •»_ •B •> mt tm ..— __ — — — ,— — — — -- -- -- ... «.M 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 1/ 2/ 22,407 -32,420 2.887 , \j 57,714 — 57,714 58,672 13,132 119 1,242 85,511 1 ,221 -1 ,766 157 ,144 — ,144 3 ,219 3,694 819 --5,345 1 ,184 = 476 105 ,108 9,515 — — 9,515 ~ ,108 9,765 2,,127 954 11 68 1 ,231 17 59 2,153 17 157 681 10 35 503 7 21 948 18 40 759 8 50 1,119 9 135 6,469 5 ,220 14,097 3.,222 1,827 3 ,711 3 ,736 10,963 1,142 --. 1,652 147 2,941 -2,941 2,994 5,560 __ 8,044 716 14,320 — 14,320 14,622 1,146 -1,658 148 2,952 — 2,952 2,984 1,735 -2,510 224 4,469 — 4,469 4,494 1,689 -2,443 218 4,350 -4,350 4,383 821 2 64 2,332 9 472 678 2 58 953 9 83 4,333 20,960 4,378 6,595 T ~T ~T 424 -615 5_5_ 1,094 -1,094 1,148 858 964 -— 1 ,243 1 ,395 124 111 2~,212 2 ,483 — — 2 ,212 . 2",483 2 ,529 2,,247 Includes $35 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. •*•• 3,155 -4,565 406 8,126 — 8,126 8,160 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total New York Boston Phila- Clevedelphia land Richmond Atlanta JULY 1, 1970 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 accnled dividends TOTAL LIABILITIES r.APTTAT. ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for fore:Lgn correspondents 48,488 2,808 11,371 22,260 606 64 6,433 9 1 1/ 45 1/769 7,279 1,717 900 185 818 24,163 10,576 680 734 32 3,937 4,330 2,594 8,498; 1,842 849 1,812 1,781 5,912 886 1,557 72 76 10 17 1,049 1,418 3,377 119 475 34 941 132 3,619 32 700 52 1,199 117 47 123 10 6 1,182 12 2 1,464 1,023 28 8 3,532 1,714 6 1 4 3 759 541 516 413 8 5 1,086 11 2 1,259 25 18 3,785 722 581 961 2,754 3 971 1,650 536 815 819 609 31 151 31 47 46 33 100 22 12 23 26 87 83,836 4,253 20,518 4,292 6,449 6,377 5,114 13,844 3,164 1,790 3,643 3,647 10,745 ^85 669 321 32 183 35 61 35 45 101 23 16 29 38 87 32 16 177 82 34 17 60 25 34 23 43 18 99 53 23 12 15 6 28 11 37 14 87 44 85,511 4,333 20,960 4,378 6,595 6,469 5,220 14,097 3,222 1,827 3,711 3,736 10,963 235 11 3/ 63 12 21 12 15 10 13 30 1,895 1,907 6,220 35^ 8__ 5 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 1/ 2/ 3/ 50,443 2,895 11,853 2,836 4,091 4,430 3,322 250 500 300 510 580 48,330 2.650 11,600 2.620 3.750 3.900 51,652 2,900 12,100 2,920 4,260 4,480 After deducting $140 million participations of other Federal Reserve Banks, Includes IMF gold deposit. After deducting $172 million participations of other Federal Reserve Banks. 8,769 1,911 882 1,000 155 22 2.800 7.950 1,830 875 1,925 1.930 6,500 2,800 8,950 1,985 897 1,925 1,935 6,500 2,754 — 5
@FedFRASER