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FEDERAL RESERVE ^ykv&y Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 21, 1973 The average of daily figures for total reserves of member banks increased $704 million in the latest statement week to $32,284 million. Required reserves, excess reserves and member bank borrowing at Federal Reserve Banks all increased. Increases in both Treasury deposits and other deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest statement week. Partially offsetting these reserve drains was an increase in float. In addition, System Open Market operations provided $968 million reserves net, on a weekly average basis, both 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 c)f daily figures Week ended Change from week ended Wednesday, June 20, * June 13, June 21, June 20,* 1973 1973 1972 1973 (Irl mi.llions of dollars) 73,323 + 604 +3,116 + 291 1/ 74,057 865 291 + 291 1,220 _ + 14 64 + + 102 64 1,220 64 68 25 + 2 25 4 + 25 67 56 1,928 + + 231 6 +1,869 + 73 1,760 -1,198 3,428 2,659 73,470 + 185 + 47 +1 ,428 --5 + +1 ,433 + 25 3 + 252 7 + 105 + 18 + 390 26,219 5,893 32,284 32,130 +1 ,044 - 340 + 704 + 533 73 2,506 934 80,358 10,410 400 8,520 99,688 67,759 385 1,653 246 768 111 71 7 947 +4,257 82,511 10,410 -. -- 400 + 465 +4,722 +5,801 + 30 - 782 + 96 + 193 + 406 +5,744 8,520 101,841 67,816 -1,021 + 537 - 312 - 254 27,948 5,893 34,013 32,130 1,883 385 2,063 274 659 2,696 73,893 A net of $58 million of surplus reserves were eligible to be carried forward from the week ended June 13, into the week ending June 20. On June 20, 1973, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,013 million, a decrease of $1 million for the week. 1/ Includes $70 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 27 Adjusted to include $172 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 (San Francisco District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday June 20,** June 13, June 21, 1973 1972 1973 ASSETS — — 10,303 Gold certificate account * — — 400 Special Drawing Rights certif. accts. 2 17 Cash 299 917) Loans 1,760 71 +1,579 + + 2 + 1 Acceptances—Bought outright 67 + 56 56 + 56 Held under repurchase agreements 1,220 + 102 Federal Agency obligations—Bought outright — + 111 + 111 111 Held under repurchase agreements U. S. Government securities: Bought outright—Bills 33,510 +2 ,636 +3,228 Certificates __ 36,936 + 488 Notes + 161 3,611 — Bonds Total bought outright 74,057 1/ +2 ,636 +3,877 + 865 Held under repurchase agreements + 865 865 +4,742 Total U.S. Government securities 74,922 +3 ,501 Total loans and securities 78,136 +3 ,741 +6,591 Cash items in process of collection 9,813 -2,857 + 839 919) — Bank premises 202 + 39 Other assets 2j - 104 1 745 TOTAL ASSETS (2,836) 99,898 +4,577 +3,652 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 CAPITAL A C C O U N T S Capital paid in Surplus Other capital accounts 917) 59,873 27,868 2,063 274 659 2) ( 2) 30,864 ( (1 ,917) 6,465 830 (2 ,836) 98,032 171 +3 ,776 + 541 + 13 + 35 +4 ,365 + 287 + 13 +4 ,494 819 793 254 -- ( - 3 - 80 +5 ,339 + 860 - 891 + 88 + 105 + 162 -2 ,255 + 268 +3 ,514 + + + 47 51 40 Contingent liability on acceptances purchased for foreign correspondents 400 + 4 + 148 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $70 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. -* Estimated (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 20, 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 1,712 70 5,878 +3 ,746 111 +111 16 days to 90 days - 286 53 56 17,471 48 91 days to 1 year -240 13,869 + 41 Over 1 year to 5 years — — 26,832 486 Over 5 years to 10 years — 9,321 261 + 78 Over 10 years -78 177 1,551 Total 1,760 123 74,922 +3,501 1,331 +111 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 20, 1973 H.4.Ub) ! Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas 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 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 Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS 17 2/ ^/ 10,303 400 414 23 1,844 93 487 23 987 33 906 36 486 22 1,872 70 356 15 96 7 145 15 633 14 2,077 49 917 299 89 15 213 22 26 5 38 33 86 36 161 40 55 33 23 22 18 5 32 40 43 14 133 34 1,760 229 352 54 64 202 203 211 19 22 139 56 209 67 56 1,220 -— 56 67 56 323 — — 66 — — 92 — -89 — — 65 — -194 -— 45 — — 26 -— 49 --53 -— 162 — 111 — — — -- — — — — — -- 111 33,510 1,534 8,879 1,800 2 ,521 2,438 1,787 — 36,936 3,611 74,057 865 74,922 " 78,136 — 1,691 165 3,390 -3,390 3,675 — 9,787 957 19,623 865 20,488 21,397 — 1,985 194 3,979 — 3,979 4,099 — 2 ,779 271 5",571 -- .2,687 263 5,388 — 5,388 5,679 — -— — — 5,881 1,969 1,367 1,470 798 134 78 144 192 575 11,792 2,740 _ _ ,601 3,948 2,948 — — — — -. 3,948 ""11,792"' "~ 2>74(T "~2,948 4,216 2,804 12,197 1,649 3,136 11,732 202 745J 543 33 36 1,804 7 196 841 5 47 538 27 55 1,166 14 57 1,267 15 42 1,736 17 109 475 14 26 498 33 21 790 17 27 102,734 4,828 25,576 5,533 7 438 7,980 6,249 16,089 3,735 2 ,327 4,202 T5 LIZL.,727 5,336 1,239 Includes $70 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (San Francisco District). 725 1,334 1,454 4,463 -4,919 481 9,863 -""37214""_ _ _ _ _ 10,234 3,323 -1,603 157 3,214 — 706 12 _-U 4,776 1,368 8 98 _ _ 14,001 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 20, 1973 H.4.1(c) New Total Boston York Phila- Clevedelphia land Richmond St. Atlanta Chicago San * Dallas Francisco Louis Minneapolis Kansas City 1,111 2,400 2,333 7,117 999 53 11 1,719 5,366 (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 accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 60.79C 3,122 15,079 3,792 4,811 5,378 3,143 10,109 2,395 27,868 2,063^ 274! 955 7,363 484 146 11 1/ 79 582 1 1,060 1,812 1,387 1,828 4,031 117 13 20 125 24 — 182 14 11 8,508 1,258 1,210 1,961 1,594 1,996 478 398 443 843 934 704 189 9 2 904 345 38 661 30,866 8,382 225 42 6 4,304 1,260 644 62 6 2 714 440 72 14 3 267 33 22 1,066 1,808 5,688 630 503 850 251 40 59 58 45 121 28 20 29 33 108 4,751 25,096 5,440 7,274 7,873 6,118 15,794 3,672 2,285 4,125 4,677 13,763 208 207 65 41 39 13 73 72 19 45 42 20 60 55 16 129 124 42 28 27 8 19 18 5 34 33 10 45 43 11 104 99 35 102,734 4,828 25,576 5,533 7,438 7,980 6,249 16,089 3,735 2,327 4,202 4,776 14,001 400 17 2/104 20 36 21 28 63 14 9 17 21 50 2,533 2,476 7,493 83C 100,868 819 793: 254 Contingent liability on ace.eptances purchased for foreign correspondents 1,113 141 18 9 33 34 10 FEDERAL RESERVE AGENTS 1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 63,409 2,155 62,405 64,560 3,256 15,871 180 3,110 16,050 3,290 16., 050 3,858 4,969 5,570 250 350 515 3,700 3,950 4,700 5,050 5,115 5,630 \J After deducting $ 1 9 5 million participations of other Federal Reserve Banks. 2/ After deducting $ 2 9 6 million participations of other Federal Reserve Banks. 3,358 3,500 3,500 10,346 2,536 700 155 9,900 10,600 2,430 2,585 1,143 5 1,170 1,170 2,600 2,600 2,530 2,535 7,600 7,600 Estimated (San Francisco District),
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