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FEDERAL RESERVE +mm •.f^f ^Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 1, 1972 The average of daily figures for total reserves of member banks increased $157 million in the latest statement week to $32,864 million. Required reserves and member bank borrowings at Federal Reserve Banks increased while excess reserves declined. A seasonal decline in float and increases in foreign deposits with Federal Reserve Banks and currency in circulation were the major factors absorbing reserves in the latest week. System Open Market operations supplied $234 million reserves net, on a weekly average basis, primarily through repurchase agreements. Member bank borrowings were above the average of recent weeks and exceeded reserves by $121 million. In the previous week excess reserves exceeded borrowings by $86 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 obligations-Bought outright Held under repurchase agreements Acceptances-Bought 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 Chang e from week ended Wednesday, June 2, May 31, May 31, ,„ May ^ , 1972 1972 1971 1972 " (Iri millions of dollars) 70,388 159 + + 979 4 64 159 -_ 4 + 78 65 392 1,593 • 405 + 55 73 + — — + 3 + 76 + 149 5 - 87 + 174 + 30 56 + + 318 + 545 - 116 +6,676 + 78 2,849 + 621 +7,375 +3,875 - 131 +1,288 + 136 - 116. + 23 +5,076 8.021 96,866 61,688 + + + - +2,299 + 289 +2,588 +2,740 - 152 29,559 5,508 35,067 32,731 2,336 254 + 191 - 807 75,683 10,410 400 8,011 94,504 61,357 375 2,178 323 587 2,327 67,148 27,356 5,508 32,864 32,731 133 979 25 979 28 2 9 + + 3,006 1/70,492 1,115 23 79 9 242 399 157 173 16 A net of $81 million of surplus reserves were eligible to from the week ended May 24, into the week ending May 31. On May 31, 1972, marketable U.S. Government securities the Federal Reserve Banks for foreign and international accounts a decrease of $215 million for the week. 1/ Includes $50 million securities loaned--fully secured by U.S. pledged with Federal Reserve Banks. * Estimated (Chicago District). +5,611 + 86 16 — 839 78,035 10,410 400 365 2,144 157 576 2,377 67,307 be carried forward held in custody by were $28,594 million, Government securities CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday June 2, May 31, *-M May 24, 1972 1972 1971 ASSETS + 228 10,303 Gold certificate account 400 Special Drawing Rights certif. accts. + 50 10 320 (965) Cash +1,556 +1,277 1,593 Loans + 16 + 2 78 Acceptances--Bought outright + 56 + 65 65 Held under repurchase agreements + 979 979 Federal Agency obligatons--Bought outright 23 25 25 Held under repurchase agreements + U. S. Government securities: +3,222 30,504 + 168 Bought outright--Bills Certificates +2,141 36,448 Notes + 320 3,540 Bonds 1/ 70,492 + ' 168 +5,683 Total bought outright +1,013 1,115 +1,115 Held under repurchase agreements +6,696 +1,283 71,607 Total U.S. Government securities +9,280 +2,652 74,347 Total loans and securities - 113 + 177 10,825 (3,325) Cash items in process of collection -+ 24 163 Bank premises 142 + 33 676 Other assets 2/ +9,327 (4,290) 97,034 +2,852 TOTAL ASSETS H.4.1(a) 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 (965) 54,245 29,479 2,144 157 576 (3,325) 32,356 8,056 (4,290) 95,233 576 £ £ P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 768 742 291 Contingent liability on acceptances purchased for foreign correspondents 261 + 337 +2,344 - 258 + 9 35 +2,060 + 379 + 21 +2,797 1 -- • 56 +3,334 +5,121 +1,275 + 17 - 175 +6,238 - 300 + 14 +9,286 + + - 44 40 43 11 * \l Figures in parentheses are the eliminations made in the consolidating process, Includes $50 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. ** (Estimated Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 31, 1972 (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 Federal Agency Accept securities obligations -ances Loans Holdings Weekly Holdings Weekly changes Changes 5,059 Within 15 days 1,591 90 + 478 60 + 25 2 15,894 16 days to 90 days 38 78 + 1 53 19,581 91 days to 1 year + 843 221 + 34 -- 33 Over 1 year to 5 years 24,039 409 -Over 5 years to 10 years 5,804 132 2 Over 10 years «•1,230 — 104 -Total 1,593 143 71,607 +1,283 1,004 25 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 31, 1972 Total Boston New York Philadelphia Cleveland Richmond Atlanta * Chicago St. Louis Minneapo1i s Kansas City Da lias San Francisco (In millions of dollars) A S S E T S 10,303 400 364 23 1,791 93 577 23 1,090 33 737 36 453 22 1,792 70 337 15 252 7 280 15 359 14 2,271 49 965 320 123 12 191 20 71 10 49 37 84 39 226 36 40 47 21 18 16 10 41 35 33 16 70 40 1,593 258 462 48 65 21 9 417 _- 11 20 _. 282 78 65 --- 78 65 --- --- --- --- --- --- --- --_ --- --- 979 25 46 -- 250 25 51 -- 76 — 73 — 53 — 160 -- 37 -- 20 -- 39 -- 44 -- 130 -- j 30,504 1,449 7,786 1,598 2,364 2 ,278 1,653 4,973 1,139 615 1,227 1 ,387 4,035 ! j 36,448 3,540 | 70,492 i 1,115 71,607 74,347 -1,731 168 3,348 -3,348 3,652 -9,304 904 17,994 1,115 19,109 19,989 -1,910 186 3,694 — 3,694 3,793 --2,825 2 ,722 265 274 5,463 ~ ,265 _-5,463 ~ ,265 5,604 5 ,359 -1,975 192 3,820 -3,820 3,882 — 5,942 577 11,492 -11,492 12,069 -1,361 132 2,632 -2,632 2,669 -734 71 1,420 -- -1,466 142 2,835 -- T7420 27835 1,451 2,894 -1 ,657 161 3",205 -^205 3 ,249 -4,821 468 9,324 -9,324 9,736 14,150 163 676 832 2 56 2,726 8 170 844 4 43 1,067 27 49 1,254 13 48 1,466 16 34 1,948 17 94 716 15 23 553 24 15 834 17 24 853 12 30 1,057 8 90 101,324 5,064 24,988 5,365 7,956 7 ,570 6,135 16,077 3,814 2,328 4,140 4 ,566 13,321 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 f 1/ 1/ Includes $50 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. * Estimated (Chicago district). I STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(c) Total Boston New York Phila- Clevedelphia land Richmond Atlanta MAY 31, 1972 Chicago St. Louis Minneapolis Kansas City (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 San Dallas Francisco 55,210 2,932 13,590 3,249 4,424 4,868 2,779 9,456 2,162 960 2,126 2,121 6,543 29,479 2,144 157 576 32,356 11,381 1,029 159 7 2 1,197 828 7,701 557 1/ 50 495 8,803 1,974 1,098 184 7 2 1,291 704 2,145 221 13 -2,379 947 1,339 159 7 14 1,519 1,041 1,763 4,545 139 125 10 22 4 15 1,916 4,707 1,288 1,550 901 88 5 3 574 738 129 3 1 871 444 1,137 72 6 2 1,217 698 1,605 51 8 3 1,667 656 5,478 260 19 35 5,792 677 576 28 155 29 45 42 88 21 13 23 26 73 99,523 4,985 24,522 5,273 7,795 7,470 6,016 15,801 3,754 2,288 4,064 768 742 291 33 34 12 200 193 73 39 38 15 70 68 23 40 38 22 118 111 47 25 25 10 17 17 6 33 32 11 101,324 5,064 24,988 5,365 7,956 7,570 6,135 16,077 3,814 2,328 4,140 261 12 2/ 68 13 24 13 6 11 14 34 987 2,201 2,276 6,832 33 53 50 16 18 39 997 9 4,470 13,085 42 41 13 98 95 43 4,566 13,321 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 57,575 3,073 1,945 150 57,235 59,180 3,000 3,150 14,366 14,650 14,650 3,327 4,596 5,019 300 350 3,150 3,450 4,400 4,750 9,645 2,260 285 700 155 4,815 5,100 3,100 9,300 3,100 10,000 2,180 2,335 million participations of other Federal Reserve Banks, \J After deducting $107 2/ * After deducting $193 million participations of other Federal Reserve Banks. Estimated (Chicago District). 2,993 5 1,010 1,010 2,300 2,300 2,330 2,335 7,000 7,000
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