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FEDERAL RESERVE ?ffcrtt*V Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release July 27, 1972 H.4.1 The average of daily figures for total reserves of member banks declined $269 million in the latest statement week to $33,064 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all declined. A seasonal decline in float and an increase in Treasury deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest statement week. Partially offsetting these reserve drains was a seasonal decline in currency in circulation. System Open Market operations absorbed $505 million reserves net, on a weekly average basis, through outright sales of Treasury bills and maturing repurchase agreements. Member bank borrowings averaged $171 million and exceeded excess reserves by $79 million compared to $6 million for 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 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 19, July 28, July 26, July 26, 1972 1971 1972 1972 (Ir\ millions of dollars) 70,830 -1,079 _ 72 - 329 +5,109 - 267 1/70,880 _ 7 36 +1,079 1,079 67 -- 3 58 + 8 22 64 -- - 374 637 — 65 -- , — 171 4 3,716 1,156 77,017 10,410 _ 215 + 41 - 683 --7 + - 676 - 299 + 5 + 145 72 + - 37 + 39 73 - -- 400 + 646 +7,140 +3,847 - 153 +1,150 + 134 - 124 + 67 +4,922 8,093 96,328 62,582 . + - +2,218 + 223 +2,441 +2,416 + 25 27,822 5,704 33,526 32,972 400 8,089 95,916 62,530 335 2,533 271 584 2,303 68,556 27,360 5,704 33,064 32,972 92 603 334 269 192 77 + 3,597 1,168 77,425 10,410 982 31 +6,417 + 78 349 2,490 156 601 2,328 68,506 ! 554 A net of $133 million of surplus reserves were eligible to be carried forward from the week ended July 19, into the week ending July 26. On July 26, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,739 million, a decrease of $130 million for the week. 2/ Includes $33 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday July 19, July 28, July 26, 1972 1973. 1971 A S S E T S Gold certificate account + 228 10,303 Special Drawing Rights certif. accts. 400 * Cash (1, 129) 3 + 47 317 + Loans 637 145 556 + Acceptances--Bought outright 64 + 10 3 Held under repurchase agreements 43 Federal Agency obligations—Bought outright 1,079 7 +1,079 Held under repurchase agreements 48 U. S. Government securities: Bought outright—Bills 30,782 73 +2,609 Certificates Notes 36,596 +2,242 Bonds 3,502 + 267 Total bought outright 70,880 73 1/ +5,118 Held under repurchase agreements - 356 Total U.S. Government securities - 429 70,880 +5TTT8" Total loans and securities 72,660 + 26 +6,062 Cash items in process of collection (3 } 360) -1 ,348 11,656 +1,392 Bank premises 163 + 19 1 Other assets 2/ 1,005 56 + 14 TOTAL ASSETS 96,504 ^ ,306 +7,692 (4,489) H.4.1(a) kl h.*lk H i l l 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 (1,129) (3,360) (4,489) 55,048 27,742 2,490 156 601 30,989 8,139 545 94,721 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 773 742 268 Contingent liability on acceptances purchased for foreign correspondents 262 • h 204 272 64 80 ; 14 • 302 • 834 29_ : •1,369 1 »- 6 +3,210 +3,014 +1,077 + 7 - 121 +3,977 + 428 + 3 +7,618 + 4 4 2 + 40 - 8 34 * 1/ Figures in parentheses are the eliminations made in the consolidating process. Includes $33 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2_l Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. T „l y 9ft 1Q7? (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Federal Agency U. S. Government Accept Loans securities obligations -ances Holdings Weekly Holdings Weekly Changes changes Within 15 days 634 4,679 17 - 353 38 - 55 16 days to 90 days 3 15,980 - 40 47 99 + 1 91 days to 1 year — 18,951 - 36 146 + 4 Over 1 year to 5 years — — 24,108 475 - 5 Over 5 years to 10 years -.— -5,913 197 Over 10 years -1,249 — -124 Total "637 64 70,880 1,079 - 55 429 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 26, 1972 H.4.1(b) Total New York Boston Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Da Lias San Francisco (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 obligationsBought outright Held under repurchase agreements U.S. Government securities: Bought outright-Bills Certificates: Other 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/ 10,303 400 536 23 2,594 93 588 23 834 33 890 36 444 22 1,596 70 269 15 52 7 528 15 230 14 1,742 49 1,129 317 141 13 232 20 61 12 52 36 113 40 185 35 50 45 49 18 29 9 51 37 50 14 116 38 637 9 244 49 2 - 3 193 12 4 34 79 64 -- --- 64 -- — -- --- --- --- — -- --- — .. -- __ -- ._ -- 1,079 51 -- 272 -- 57 -- 82 — 78 -- 60 -- 175 -- 41 -- 22 -- 44 -- 50 -- 147 -- 30,782 1,452 7,763 1,636 2,347 2,215 1,702 4,980 1,169 635 1,255 1 ,435 4,193 36,596 -1,726 — 1,944 -2,790 267 5,404 -5r404 5,488 -2,634 252 5,101 -5.101 5,186 -2,024 194 3,920 _3.920 3,983 -5,920 567 11,467 -llr467 11,835 — 1,390 133 2,692 .. 2.692 2,745 -755 72 T,462 -1 ,705 163 3~,303 1 ,485 -1,492 143 2,890 -_ 2r890 2,938 3 r303 3 ,387 -4,986 477 9,656 _— 9.656 9,882 1,658 16 2,293 17 152 758 15 37 607 24 22 906 17 40 997 12 44 1,091 8 137 6,393 16,058 3,906 2 ,235 4,532 4 ,748 13,063 | 70,880 -- 3,343 -- -9,230 883 17,876 -- 70,980 3,343 17.376 72,660 3,403 18,456 3,766 -3r766 3,872 1 15,016 945 2 2,796 8 836 4 995 27 243 53 73 1,134 13 72 24,447 5,454 7,538 7,484 f 3.5P2 1/ ~~ [ 163 | 1,005 100,993 Ifii. Z2_ 5,135 136 30_ Includes $33 million securities loaned--fully secured*by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. r.462 „_ H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 26, 1972 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Dallas Francisco (In millions of dollars) 1LIABI_LI_TI_ES 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 2,978 13,892 3,336 4,479 4,943 2,812 9,577 2,203 974 2,171 2,159 6,653 27,742 ! 1,062 2,490 198 156 7 1 601 30,989 1,268 11,499 784 7,034 501 1/ 41 535 8,111 1,848 1,143 209 8 2 1,362 637 1,801 176 14 1,907 158 11 4 2,080 1,348 4,106 175 23 4 4,308 1,809 879 125 5 1 1,010 612 601 113 4 1,991 866 1,341 131 8 18 1,498 907 718 491 1,109 373 7 2 1,491 773 1,507 195 8 5 1,715 753 5,252 136 20 29 5,437 671 56,177 -- -- 545 99,210 27 5,057 134 23,985 28 5,363 42 7,378 39 7,387 35 6,275 86 15,780 21 3,846 13 2,196 22 4,457 26 4,653 72 12,833 773 742 268 33 34 11 200 193 69 39 38 14 71 68 21 40 38 19 53 50 15 119 111 48 26 25 9 18 17 4 33 32 10 42 41 12 99 95 36 100,993 5,135 24.447 5.454 7.538 7.484 6.393 16.058 3.906 2.235 4,532 4.748 13,063 262 11 2U*. 14 24 14 18 39 9 6 11 14 3Jt 1,012 2,270 2,306 7,080 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 58,866 3,165 1,945 150 57,855 59,800 3,050 3,200 14,605 14,850 14,850 3,429 4,638 5,125 300 350 285 3,250 3,550 4,400 4,750 4,915 5,200 1/ After deducting $115 million participations of other Federal Reserve Banks. ±J After deducting $194 million participations of other Federal Reserve Banks. 3,082 3,150 3,150 9,850 2,304 700 155 9,300 10,000 2,230 2,385 C 1.030 1,030 2.300 2,300 2.380 2,385 7.000 7,000
@FedFRASER