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.•;o°^S!&,: FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For Immediate release June 17, 1971 The average of daily figures of total reserves of member banks increased $300 million in the latest statement week to $30,207 million. Required reserves, excess reserves and member bank borrowings all increased. The major factors supplying reserves in the latest week were declines in Other Federal Reserve liabilities and Treasury deposits with Federal Reserve Banks. Reserves were drained by a decline in float and an increase in currency in circulation. The Treasury continued to maintain its accounts at the Federal Reserve at a very low level, on weekly average, and during the week found it necessary to borrow from the Federal Reserve through the issuance of special certificates. These transactions were more than offset by System Open Market Operations, on a weekly average basis. Member bank borrowings averaged $403 million and exceeded excess reserves by $165 million compared with $69 million for the previous week. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securitiesBought outright--System account Held under repurchase agreements Special Certificates Federal Agency obligations — Held under repurchase agreements Acceptances— Bought outright Held under repurchase agreements Discounts and advancesMember 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 Averages of da ily figures Week ended Change from wee k ended Wednesday June 16, June 16, June'• 1 7 , June 9, 1971 1971 1971 1970 1 (In millions of dollars) 63,875 510 + 463 + 5,898 63,644 416 + 510 349 25 62 1 63 403 -2,620 959 68,430 10,332 L 249 — - + + 161 48 88 — — 400 + + + 13 101 227 494 9 150 695 - 385 1 2,148 61,574 - 180 339 7,417 86,579 58,078 — — - 255 90 330 412 261 1 1 2,666 984 + 5,346 - 1,035 — 67,966 10,332 + 7,426 86,124 58,183 400 421 + 4,732 + 3,817 5 - 1,001 7 140 32 + 2,632 501 7 179 704 ! 2,125 61,699 Member bank reserves: + 439 + 2,100 1 24,425 25,005 With Federal Reserve Banks 5,202 5,202 139 Currency and coin + 404 30,207 Total reserves held 29,627 + 300 + 2,504 29,969 Required reserves 29,969 + 147 + 2,539 238 - 342 35 Excess reserves + 153 NOTE: A net of $39 million of surplus reserves were eligible to be carried forward from the week ended June 9, into the week ending June 16. On June 16, 1971, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international account s were $20,154 million, an increase of $111 million for the week. 1/ Excludes $270 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $70 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of doll ars) Change since Wednesday June 17, June 9, June 16, 1970 1971 1971 A S S E T S 10,075 Gold certificate account 400 ts. Special Drawing Rights certif. accts 274 (773) Cash 261 Discounts and advances Acceptances: 62 Bought outright Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements U, S. Government securities Bought outright— 26,117 Bills 349 Certificates - Special - Other 34,307 Notes 3,220 Bonds 1/ 2/ 63,993 Total bought outright Held under repurchase agreements 63,993 Total U. S. Government securities 64,316 Total loans and securities 12,131 (3,460) Cash items in process of collection 143 Bank premises 841 Other assets 3/ 88,180 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (4,233) 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 4_/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (773) (3,460) (4,233) _— - -+ - 2 329 — + - 66 198 24 387 233 +3,601 + 349 620 +1,887 + 333 +6,170 - 620 - 949 +2,186 + 2 + 27 +1,268 +6,170 +5,996 - 155 + 24 - 454 +4,507 51,275 55 +3,546 24,425 7 179 704 25,315 9,465 537 86,592 455 +1,383 -1,085 18 - 112 + 168 + 820 82 +4,452 - - 15 + ,36 - 434 1-1,867 13 1-1,475 C A P I T A L A C C O U N T S 724 Capital paid i n 702 Surplus 162 206 Other capital accounts Contingent liability on acceptances purchased 240 for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process. 1_/ Excludes $270 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $70 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. V Includes assets denominated in foreign currencies and IMF gold deposited. 4/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JUNE 16. 1971 (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 securities and Discounts and Federal Agency obligations Acceptances Holdings Weekly changes advances Within 15 days 260 11 3,449 + 49 16 days to 90 days 1 12,431 51 -561 91 days to 1 year 17,692 -108 Over 1 year to 5 years 23,645 Over 5 years to 10 years 5,896 Over 10 years 880 Total 261 62 63,993 •620 970 40 33 18 12 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(b) Total Boston New York Philadelphia Cleveland Richmond JUNE 16, 1971 Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S | Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates— Special Other Notes Bonds Total bought outright J./2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities TOTAL ASSETS JV 2,/ _3/ 1,455 570 23 628 33 905 36 556 22 2,345 70 329 15 230 7 308 15 333 14 1,725 93 274 87 11 209 23 36 9 39 27 56 34 174 36 23 30 16 17 11 7 29 27 19 18 74 35 261 21 26 -- 6 38 38 54 1 1 11 17 48 62 __ 62 — -- -- -- -- -- — — -- -- — — — — -- — -- -- 1,011 -- 1,188 — 3,647 -- 1,329 1,561 4,791 125 146 450 ,234 ~T i ,235 2,465 -2,465 2,476 2,895 -2,895 2,912 8,888 — 8,888 8,936 400 F. R. notes of other banks Other cash Cash items in process of collection Bank premises Other assets 3/ 691 23 10,075 Gold certificate account Special Drawing Rights certif. acct. 773 — 26,117 349 34,307 3,220 63,993 — 63,993 64,316: 15,591 ! 143 841 j j 92,413 — 1,275 — 6,611 1,378 -- 2,000 — 1,923 -- 1,298 -- 4,309 — 971 506 349 -- -- 1,675 8,683 1,811 2,626 2,526 1,706 5,659 1,275 157 815 170 246 237 160 531 120 3,107 — 3,107 3,128 16,458 -16,458 16,546 3,359 — 3,359 3,359 4,872 — 4,872 4,878 4,686 -4,686 4,724 3,164 -3,164 3,202 10,499 -10,499 10,553 2,366 -2,366 2,367 665 63 ,234 875 2 48 2,558 817 3 43 1,237 1,247 1,523 2,641 18 53 13 49 17 33 17 105 842 14 24 580 16 14 953 18 25 970 9 36 1,348 8 319 4,865 21,211 4,860 6,913 7,064 5,563 15,784 3,624 2 ,100 3,851 4,311 12,267 ~"r — Excludes $270 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $70 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies and IMF gold deposited. 49 8 92 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON i 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 accnted 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 JUNE 16, 1971 ' ' " Rich- Atlanta Chicago Phila- Clevemond delphia land (In millions of dollars) St. Louis Minneapolis Kansas City San Dallas Francisco 52,048 2,902 12,376 3,030 4,213 4,604 2,542 9,140 2,005 905 1,953 2,032 6,346 24,425 7 179 704 25,315 12,925 1,060 1 7 2 1,070 792 5,582 * 1/ 72 2/ 646 6,300 1,986 1,031 * 7 2 1,040 681 1,459 * 13 1 1,473 1,041 1,273 1 7 7 1,288 1,047 1,573 1 10 2 1,586 1,304 4,048 * 22 6 4,076 2,241 856 1 5 3 865 681 640 * 4 3 647 502 1,016 1 6 3 1,026 784 1,413 1 8 6 1,428 741 4,474 1 18 23 4,516 1,125 537 90,825 27 1 4,791 137 20,799 27 4,778 42 6,769 39 6,978 27 5,459 87 15,544 20 3,571 11 2,065 21 3,784 24 4,225 75 12,062 724 702 162 34 33 7 188 185 39 38 36 8 66 63 15 38 36 12 49 47 8 108 105 27 24 24 5 16 16 3 31 30 6 40 39 7 92 88 25 92,413 4,865 21,211 4,860 6,913 7,064 5,563 15,784 3,624 2,100 3,851 4,311 12,267 240 11 12 22 3/ 63 11_ 16_ 26_ 8_ 6_ LD_ L4_ 3JL FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral \j 3,044 13,070 3,105 4,370 4,726 250 500 300 510 530 2,840 12,800 3,000 3,900 4,250 3,090 13,300 3,300 4,410 4,780 After deducting $ 107 million participations of other Federal Reserve Bahks. deposit. 177 million participations of other Federal Reserve Banks. 1) Includes IMF gold http://fraser.stlouisfed.org/ 3/ After deducting $ Federal Reserve Bank of St. Louis 2,725 9,364 2,077 1,000 155 2,900 8,750 1.980 950 2.075 2.230 7.000 2,900 9,750 2,135 950 2,075 2,235 7,000 * 930 2,022 2,161 6,631 5 Less than $500,000.
@FedFRASER