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FEDERAL RESERVE '••f^n*sf:- Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 5,1973 The average of daily figures for total reserves of member banks increased $914 million in the latest statement week to $33,128 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. A decline in float and increases in both currency in circulation and Treasury deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest statement week. System Open Market Operations provided $1,937 million reserves net,on a weekly average basis, through outright purchases of Treasury bills and repurchase agreements. 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 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 2/ Required reserves Excess reserves 2/ NOTE: Averages of daily figures Week ended Change from week ended Wednesday, July 4, June 27, July 5, July*4, 1973, 1973 1973 (In millions of dollars) 1973 , 1/ 732 989 + 3,781 + 963 75,338 1,962 1,449 182 166 + + 352 175 1,449 399 67 54 2 52 4 47 67 107 552 18 + 2,089 + 111 2,999 127 621 97 + + ].,964 1,056 86 + + 6,433 + 11 + 1,974 + 468 8 + 552 31 + 47 + 120 + 1,211 + 481 6,914 5,664 11 1,448 56 18 480 + 7,677 2,301 1,049 85 ,671 10 ,410 400 8 ,537 105,018 68,509 375 3,161 252 741 2,931 75,969 763 636 15 128 113 29,050 6,231 35,393 32,687 2,706 75,115 1,012 2,401 111 1 ,997 1 ,096 83 ,372 10 ,410 400 8 ,537 102,719 68,048 373 3,614 308 740 2,852 75,935 26,785 6,231 33,128 32,687 441 + + + + + + + + + 764 210 914 685 229 - + A net of $100 million of surplus reserves were eligible to be carried forward from the week ended June 27, into the week ending July 4. On July 4, 1973, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,076 million, decrease of $718 million for the week. 1/ Includes $105 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ 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 (Dallas District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since July 4,** June 27, July 5, 1973 1973 1?72 ASSETS Gold certificate account 10 303 Special Drawing Rights certif. accts. 400 Cash 7 292 13 ( 859) Loans 2,999 +1,412 +2,486 Acceptances--Bought outright 67 Held under repurchase agreements 107 + 107 + 59 Federal Agency obligatons—Bought outright 1,449 + 363 Held under repurchase agreements 399 + 353 + 399 U. S. Government securities: Bought outright—Bills 34,563 + 694 +3,165 Certificates Notes 37,111 + 175 + 515 Bonds _-52 + + -LS2. 3.664 Total bought outright 1/ + 922 +3,842 75,338 Held under repurchase agreements +1 r 96? +1.621 1.962 Total U.S. Government securities +2.884 +5.463 77.300 Total loans and securities +4,802 +8,724 82,321 Cash items in process of collection (1,374) + 420 -2,506 8,821 Bank premises + 42 + 3 205 Other assets 2/ Jl 25_ J=. 55. S4A. TOTAL ASSETS (2,233) 103.186 +5.183 +6,1?? 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 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts ( 859) (5) (5) 60,531 28,970 3,161 252 UA. (1,369) 33,124 6,600 (2,233) 101,153 MS. 821 793 419 + 638 +4,195 - 422 - 126 _J: 4£ +3,687 + 696 J: 8JL +5,101 + + 1 +5,096 + 639 +1,366 + 63 ±-JM. +2,234 -1,655 + 315 +5,990 -- + + 81 •4- 48 51 103 Contingent liability on acceptances purchased for foreign correspondents 425 + 2 7 + 170 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $105 million securities loaned — fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. ** Estimated (Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 4. 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 securities -ances Loans Holdings Weekly Holdings Weekly Changes changes Within 15 days 6,844 +1 ,875 132 2 ,916 399 +399 -16 days to 90 days 18,120 83 42 56 45 91 days to 1 year — — + 842 14,420 331 - 1 -— — Over 1 year to 5 years 26,956 + 124 562 -— — Over 5 years to 10 years 9,358 + 37 284 Over 10 years + 216 51 + 1 lt602 Total 174 77,300 +2 ,884 2, 999 1,848 +399 — • H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY Total Boston New York Philadelphia Cleveland Richmond Atlanta 4, 1973 Chicago St. Louis Minneapolis Kansas City Dallas * San Francisco (In millions of dollars) A 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 Tota1 U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS 10,303 400 539 23 924 93 378 23 852 33 1,044 36 529 22 2,209 70 367 15 116 7 486 15 494 14 2,365 49 859 292 84 13 182 21 28 4 36 32 74 36 146 39 85 30 18 21 21 5 33 39 50 14 102 38 2,999 241 746 313 195 300 174 491 87 26 185 130 111 67 107 67 107 1,449 399 66 389 399 75 105 103 78 231 53 31 56 64 198 34,563 1,577 9,283 1,799 2,498 2,468 1,850 5,516 1,276 728 1,331 1,521 4,716 37,111 3,664 75,338 1,962 77_^300 82,321 1,693 167 3,437 1,933 191 3,923 2,682 265 5,445 2,649 262 5,379 1,986 196 4,032 5,922 585 12,023 1,371 135 2,782 782 77 1,587 1,429 141 2,901 1,632 161 3,314 5,064 500 10,280 3,437 3,744 9,968 984 20,235 1,962 ^2^91 23,905 3,923 4,311 5,445 5,745 5,379 5,782 4,032 4,284 12,023 12,745 2,782 2,922 1,587 1,644 2,901 3,142 3,314 3,508 10,280 10,589 10,200 205 844 402 34 38 1,942 7 225 715 7 59 565 27 60 1,060 14 63 1,153 15 46 1,417 17 124 415 14 30 69 33 21 651 17 33 559 12 35 852 8 110 105,424 4,877 27,299 5,525 7,350 8,109 6,234 16,697 3,802 2,316 4,416 4,686 14,113 l_/ 2] Includes $105 million securities loaned -- fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. * Estimated (Dallas District). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 4, 1973 1 Total Boston New York Phila- Clevedelphia land Richmond Atlanta 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 a c c nled 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 61,390 3,161 15,241 3,818 4,833 5,458 3,176 10,227 2,419 1,112 2,416 2,341 7,188 28,970 3,161 252 746 33,129 7,974 1,014 202 11 1,227 368 8,489 749 1/ 61 645 9,944 1,297 931 196 13 17 1,157 408 1,577 176 23 2 1,778 501 1,406 221 13 10 1,650 826 1,758 197 18 12 1,985 887 4,448 329 41 21 4,839 1,185 791 143 9 1 944 341 605 108 6 2 721 417 1,066 225 11 5 1,307 579 1,535 223 14 2 1,774 419 5,350 392 32 29 5,803 746 898 103,391 37 4,793 291 26,773 40 5,423 60 7,172 57 7,991 47 6,095 126 16,377 29 3,733 21 2,271 31 4,333 46 4,580 113 13,850 821 793 419 33 34 17 209 207 110 41 39 22 73 72 33 45 42 31 60 55 24 130 124 66 28 27 14 19 18 8 34 33 16 45 43 18 104 99 60 105,424 4,877 27,299 5,525 7,350 8,109 6,234 16^697 _3_, 802 2,316 4,416 4.686_ 425 18 2/111 21 39 22 30 66 10 14 18 23 14,113_ 53 FEDERAL RESERVE AGENTS 1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 15,907 3,310 16,250 16,250 3,887 4,971 5,605 250 350 515 3,700 3,950 4,700 5,050 5,155 5,670 1/ After deducting $ 191 million participations of other Federal Reserve Banks, 2/ After deducting $ 314 million participations of other Federal Reserve Banks. 3,367 3,500 3,500 * 10,455 2,534 700 155 9,900 10,600 2,430 2,585 1,157 2,530 2,504 7,539 5 1,200 1,200 2,600 2,600 Estimated (Dallas District), 2,580 2,585 7,700 7,700
@FedFRASER