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o^ t-ow ''^IRSITY FEDERAL RESERVE JEactors Affecting Bank Reserves and OF < f i ^ 0 j t j o n Statement of F.R. Banks H.4.1 For immediate release July 20, 1972 The average of daily figures for total reserves of member banks increased $543 million in the latest statement week to $33,333 million. Required reserves increased while excess reserves and member bank borrowings at the Federal Reserve Banks declined. An increase in float and declines in both currency in circulation and other Federal Reserve liabilities and capital were the major factors supplying reserves in the latest statement week. In addition, System Open Market operations provided $612 million reserves net, on a weekly average basis through repurchase agreements and outright purchases of Treasury bills. Member bank borrowings averaged $175 million and exceeded excess reserves by $6 million. In the previous week excess reserves exceeded borrowings by $46 million. 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 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 ifigures Week ended Change from week ended Wednesday, July 12, July 21, July 19, July 19, 1972 * 1972 1972 1971 (Irl millions of dollars) _».- , . 70,902 329 + + 300 247 +5,208 - 324 1/70,953 356 1,086 36 - --. 21 +1,086 52 1,086 48 68 58 + 1 45 + + 12 34 67 43 175 51 - 946 81 3,931 1,115 77,700 10,410 400 8,082 96,592 62,829 330 2,388 199 621 2,264 68,629 + 125 + 54 + 739 — -+ 5 + 743 - 176 22 39 23 + 22 + - 100 - 294 + 742 41 +5,718 + 78 __ + 642 +6,439 +3,874 - 140 + 786 + 33 82 + 81 +4,549 4,048 1,153 77,835 10,410 400 8,087 96,732 62,795 337 2,426 236 615 2,295 68,704 27,963 5,370 33,333 33,164 169 +1 ,036 - 493 + 543 + 646 - 103 +1,889 + 512 +2,401 +2,514 - 113 28,028 5,370 33,398 33,164 234 A net of $182 million of surplus reserves were eligible to be carried forward from the week ended July 12, into the week ending July 19. On July 19, 1972, marketable U.S. Government securities held in custoday by the Federal Reserve Banks for foreign and international accounts were $29,869 million, an increase of $129 million for the week. If Includes $52 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Estimated (Boston District). , _L_. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday July 19, ** July 12, July 21, 1971 1972 1972 A S S E T S — Gold certificate account 10,303 + 228 --Special Drawing Rights certif. accts. 400 Cash + 40 (991) 314 + 11 Loans -1,482 81 4 Acceptances--Bought outright + 10 + 1 67 Held under repurchase agreements + 18 43 + 43 -1,086 +1,086 Federal Agency obligations--Bought outright 48 48 Held under repurchase agreements 27 U. S. Government securities: 30,855 +2 ,524 +2,740 Bought outright--Bills Certificates +2,242 Notes 36,596 + 267 Bonds 3,502 Total bought outright +5,249 4-2,524 1/ 70,953 Held under repurchase agreements 356 + 356 - 545 Total U.S. Government securities 71^309 +2.880 +4.704 Total loans and securities 72,634 +2,968 +4,309 (3,498) 12,855 Cash items in process of collection + 279 +1,691 Bank premises + 1 + 20 164 Other assets 2/ + 45 989 68 (4,489) 97,659 +3,304 +6,220 TOTAL ASSETS H.4.1(a) i l A B I L I T I E S 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 (991) 55,252 27,948 2,426 236 615 31 ,225 (3,498) 8 ,887 575 (4,489) 95,939 £ A JP i T A L A C C O U N T S Capital paid in Surplus Other capital accounts 774 742 204 Contingent liability on acceptances purchased for foreign correspondents 264 1/ I! - 327 +3,678 - 390 + 64 + 54 +3 ,406 +3,269 + 988 +1,316 + 121 83 +3,2^0 +2,342 + 525 + 7 +6,143 64 44 40 7 + + 146 15 37 Figures in parentheses are the eliminations made in the consolidating process. Includes $52 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Boston District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 19, 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 securities -ances Loans Holdings Weekly Holdings Weekly Changes changes 78 Within 15 days 53 5,032 + 86 +3 ,439 93 3 16 days to 90 days - 619 57 16,020 98 - 38 91 days to 1 year 18,987 + 60 142 Over 1 year to 5 years -24,108 480 Over 5 years to 10 years -5,913 197 Over 10 years 1,249 124 — Total ~5T 110 71,309 +2,880 1,134 + ki STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 19, 1972 H.4.Ub) •k Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago 0_n millions St. Louis Minneapolis Kansas City San Francisco Dallas of dollars) A S S E T S 10,303 400 500 23 2,363 93 516 23 737 33 965 36 381 22 1,952 70 254 15 34 7 427 15 110 14 2,064 49 991 314 127 13 202 18 50 11 47 37 103 41 177 35 42 44 27 19 22 9 45 36 49 14 100 37 81 13 13 _- _- 5 1 3 - 31 4 i 8 67 43 -— 67 43 -— -— --- -— --- -- — — — -- — — --- 1,086 48 51 -- 274 48 58 — 83 -- 78 — 60 — 176 -- 41 -- 22 -- 44 — 51 — 148 — ! 30,855 1,456 7,781 1,640 2,352 2,220 1,706 4,992 1,172 636 1,258 1 ,438 4,204 _36,596 3,502 70,953 356 71,309 72,634 -1,726 165 3,347 -3,347 3,411 -9,230 883 17,894 356 18,250 18,695 -1,944 186 3,770 — 3,770 3,828 -2,790 267 5,409 — 5,409 5,492 -2,634 252 5,106 -5,106 5,189 -2,024 194 3,924 — 3,924 3,985 — 5,920 567 11,479 -11,479 11,658 _1,390 133 2,695 — 2,695 2,738 -755 72 1,463 — 1,463 1,516 -1,492 143 2,893 -2,893 2,941 -1 ,705 163 ,306 T -T^306"" 3 ,358 -. 4,986 477 9,667 -97667 9,823 16,353 164 989 885 2 69 2,712 8 234 927 4 55 1,256 27 70 1,233 13 70 1,795 16 52 2,609 17 146 899 15 34 652 25 22 971 17 38 1 ,107 12 42 1,307 8 157 102,148 5,030 24,325 5,414 7,699 7,650 6,463 16,538 4,001 2,287 4,490 4_,706 13,545 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: Otner 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/ * JL/ 1 Includes $52 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Boston District). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 19, 1972 Total Boston * New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Dallas Francisco (In millions of dollars0 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 ace:eptances purchased for forei.gn correspondents 56,243 2,986 13,861 3,344 4,491 4,929 2,829 9,607 2,199 979 2,175 2,172 6,671 27,948 2,426 236 615 31,225 12,385 1,090 119 9 -1,218 723 6,584 818 1/ 88 555 8,045 1,830 1,122 118 10 1 1,251 701 1,828 153 18 1 2,000 1,011 1,380 195 10 18 1,603 986 1,861 130 14 4 2,009 1,463 4,367 141 30 4 4,542 2,033 874 152 7 8 1,041 683 595 107 5 — 707 550 1,199 220 8 2 1,429 790 1,498 110 11 2 1,621 795 5,550 163 26 20 5,759 820 575 100,428 28 4,955 144 23,880 31 5,327 42 7,544 39 7,557 47 6,348 89 16,271 20 3,943 13 2,249 23 4,417 26 4,614 73 13,323 774 742 204 34 34 7 200 193 52 39 38 10 71 68 16 40 38 15 53 50 12 119 111 37 26 25 7 18 17 3 33 32 8 42 41 9 99 95 28 102,148 5,030 24,325 5,414 7,699 7,650 6,463 16,538 4,001 2,287 4,490 4,706 13,545 264 12 2/ 68 "~~ 14 24 14 18 39 9 6 11 15 34 1,014 2,272 2,310 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral V 3,178 150 14,641 — 3,425 4,654 5,106 300 350 285 9,871 2,296 700 155 7,089 5 3,050 14,850 3,250 4.400 4.915 3.150 9,300 2,180 1,030 2,300 2,380 7,200 3,200 14,850 3,550 4,750 5,200 3,150 10,000 2,335 1,030 2,300 2,385 7,200 After deducting $148 million participations of other Federal Reserve Banks. 2/ After deducting $196 million participations of other Federal Reserve Banks. * (Estimated Boston District). 3,093
@FedFRASER