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0*GOV£. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 6, 1972 The average of daily figures for total reserves of member banks increased $888 million in the latest statement week to $33,187 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. Major factors absorbing reserves in the latest statement week were increases in currency in circulation and other deposits with Federal Reserve Banks and a more than seasonal decline in float. These reserve drains were about offset by a decline in Treasury deposits with Federal Reserve Banks. In addition, Open Market Operations supplied $827 million reserves net, on a weekly average basis through outright purchases of Treasury bills and repurchase agreements. Excess reserves averaged $385 million and exceeded borrowings by $72 million. In the previous week borrowings exceeded excess reserves by $10 million. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securitiesBought outright--System account Held under repurchase agreements Federal Agency obligationsBought 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 5, * June 28, July 7, July 5, * 1972 1972 1972 1971 (In millions of dollars) 71,334 49 1,097 7 + + 804 40 +5,873 - 201 1/71,496 341 + 21 6 +1,097 54 1,086 46 71 7 + 2 4 313 + - 3,097 1.010 76,984 10,410 362 2,166 252 722 2.372 68,258 27,593 5,594 33,187 32,802 385 67 48 178 348 514 390 + 132 82 +6,398 + 78 -+ 625 +7,101 +3,713 -1,007 + 98 + 151 + 42 - 195 + 631 + 82 + 15 + 65 +4,407 3,079 1.064 77,741 10,410 400 8.056 96,607 62,920 367 1,795 189 575 2.413 68,259 + + + + + +2,695 + 179 +2,874 +2,766 + 108 28,349 5.594 33,943 32,802 1,141 8 + + 621 --- 400 8.056 95,850 62,384 8 26 + - 1 + 620 + 513 8 + 817 71 888 628 260 98 A net of $98 million of surplus reserves were eligible to be carried forward from the week ended June 28, into the week ending July 5. On July 5, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,795 million, a decrease of $274 million for the week. 1/ Includes $56 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. * Estimated (Minneapolis and St. Louis districts). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since ;Wednesday July 5, ** June TBT 1972 1972 A S S E T S Gold certificate account Special Drawing Rights certif. accts. Cash Loans Acceptances--Bought outright Held under repurchase agreements Federal Agency obligatons—Bought outright Held under repurchase agreements U. S. Government securities: Bought outright—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 10,303 * (829) 1/ 400 306 514 67 48 + 228 •» «• •* •• 9 39 4 29 32 36 + 32 + 45 + 6 + 48 +1,086 + 46 31,398 + 592 +3,869 36,596 3,502 71,496 __ -- +2,242 + 267 +6,378 + 341 +6,719 +7,950 + 78 + 20 79 +8,229 - + 1,086 - 46 + 341 (3,431) July 7, 1971 71,837 73,598 11,058 163 901 (4,260) 96,729 (829) 55,429 28,269 1,795 + 592 + 279 + 871 + 881 - 452 -- + 22 + 442 LIABILITIES. 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 (3) (3) 189 575 (3,428) 30,828 8,059 (4,260) 94,899 583 A C C O U N T S C A P I T A _L Capital paid in Surplus Other capital accounts 773 742 315 Contingent liability on acceptances purchased for foreign correspondents 255 + 760 + 789 -1,128 5 10 - 354 12 6 + 388 — ma -- +3,190 +5,324 - 270 7 - 138 +4,909 + 38 + 35 +8,172 + + 46 40 54 29 27 Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $56 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. (Estimated Minneapolis and St. Louis districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 5, 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 Loans securities obligations -ances Holdings Weekly Holdings Weekly Changes changes Within 15 days 511 - 240 4,497 63 52 + 10 16 days to 90 days 3 16,818 52 136 + 991 + 13 91 days to 1 year 19,252 + 120 143 19 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 5*14 71,837 + 871 1,132 115 M M STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 5, 1972 H.4.1(b) Total Boston Philadelphia New York Cleveland Richmond Atlanta 0!n Chicago St. * Louis Minne- * apolis Kansas City Da lias San Francisc millions of dollars) A S S E T S 10,303 400 668 23 2,541 93 458 23 910 33 945 36 427 22 1,877 70 419 15 11 7 524 15 199 14 1,324 49 F.R. notes of other banks Other cash 829 306 111 12 180 20 51 11 50 36 71 39 145 35 30 45 17 18 22 9 40 34 38 14 74 33 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 Held under repurchase agreements Total U.S. Government securities Total loans and securities 514 173 91 20 2 30 88 52 11 31 9 _— 67 48 --- 67 48 --- — -- --- — — — — — — --- -— .-- --- 1,086 46 51 — 276 46 58 — 83 -- 78 — 60 — 176 -- 41 -- 20 -- 44 -- 51 _- 148 _«. 31,398 1,482 8,036 1,669 2,394 2,259 1,736 5,080 1,192 529 1,280 1 ,464 4,277 -36,596 3,502 71,496 341 71,837 73,598 -1,726 165 3,373 -3,373 3,597 — 9,230 883 18,149 341 18,490 19,018 — 1,944 186 3,799 -3,799 3,877 _2,790 267 5,451 — 5 >451 5,536 -2,634 252 5,145 -5.145 5,253 -2,024 194 3,954 — 3.954 4,102 -5,920 567 11,567 — llr567 11,795 — 1,390 133 2,715 — 2r715 2,767 -755 72 1,356 -1.356" 1,407 -_ 1,492 143 2,915 — -1 ,705 163 ,332 —y -- -4,986 477 9,740 -- 2.915 2,968 ZJLr 3 3 2 ~ ~~9 j^(T 14,489 163 901 887 2 65 2,756 8 210 876 4 74 1,029 27 61 1,084 13 63 1,557 16 46 2,151 17 129 717 15 31 523 24 22 907 17 36 100,989 5,365 24,826 5,374 7,682 7,504 6,350 16,114 3,999 2,025 4,541 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS \J 2/ * 1/ Includes $56 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (St. Louis and Minneapolis districts). -7 3 ,383 9,895 958 12 1,044 8 110 _!i_ 4 ,672 12,537 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 5, 1972 H.4.1(c) Total 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 Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. * Minne-* Kansas Louis apolis City San Dallas Francisco (In millions of dollars0 56,258 2,987 13,851 3,330 4,468 4,977 2,867 9,581 2,195 970 2,168 2,161 6,703 28,269 1,795 189 578 30,831 11,487 1,375 77 8 1,086 98 10 2 1,196 724 1,897 154 17 2,068 941 1,329 128 10 12 1,479 905 1,804 145 13 7 1,969 1,361 4,359 112 27 15 4,513 1,644 973 119 6 1 1,099 623 576 102 4 1,460 810 7,439 296 1/ 52 515 8,302 2,044 682 321 1,258 246 8 2 1,514 759 1,510 188 10 2 1,710 679 4,663 130 24 22 4,839 676 583 99,159 28 5,285 153 24,350 31 5,281 43 7,520 41 7,402 33 6,230 89 15,827 21 3,938 13 1,986 23 4,464 26 4,576 82 12,300 773 742 315 33 34 13 200 193 83 39 38 16 71 68 23 40 38 24 53 50 17 119 111 57 26 25 10 18 17 4 33 32 12 42 41 13 99 95 43 100,989 5,365 24,826 5,374 7,682 7,504 6,350 16,114. 3,999 2,025 4,541 4,672 12,537 255 12 2/ 64 13 24 13 18 9 6 11 14 33 1,007 2,247 2,283 7,022 — — 38 -- FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 14,564 3,150 3,403 4,634 5,097 300 350 285 14,650 3,150 4.400 4.855 14,650 3,450 4,750 5,140 J7 After deducting $137 million participations of other Federal Reserve Banks. 2/ After deducting $191 million participations of other Federal Reserve Banks. * Estimated. (St. Louis and Minneapolis Districts). 3,058 9,728 2,265 700 155 3.100 9.300 2.180 1,030 2,300 2.330 7.200 3,100 10,000 2,335 1,030 2,300 2,335 7,200 5
@FedFRASER