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FEDERAL RESERVE «;H* Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 27, 1974 The average of daily figures for total reserves of member banks declined $192 million in the latest statement week to a level of $36,529 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all declined. A decline in float and increases in Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital were the major factors absorbing reserves in the latest statement.week. Partially offsetting these reserve drains were declines in. currency in circulation and foreign deposits with Federal Reserve Banks. In addition, System Open Market Operations provided $825 million reserves net, on a weekly average basis through 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 If Other F.R. liabilities and capital Averages of daily figures Week ended Change from wee <c ended Wednesday, June 26, June 19, June 27, June 26,* 1974 * 1974 ' 1973 1974 (In millions of dollars) 1/ 79,500 1,228 - 234 + 5,117 + 1,205 79,427 1,045 + 1,100 522 + 2,549 + 617 538 + 415 95 155 + + 1 26 + + 26 153 96 161 . 435 9 - + + 939 40 2,984 - 567 2,487 1,209 90,492 11,567 -- 2,549 2,788 133 2,055 1,162 90,071 11,567 400 8,891 110,929 73,692 298 2,659 343 686 3,265 80,943 . 110 + 67 + 348 --+ 11 + 360 . 246 + 6 +1 ,148 - 649 12 + + 125 + 396 534 132 + 163 + 8,659 + 1,157 + ._ 400 365 8,892 111,351 73,955 +10,180 + 6,112 83 - 403 66 + 7 533 + -f 6,219 303 2,693 282 692 l 3,290 81,215 Member bank reserves: .. 37 29,985 + 3,960 i 30,135 With Federal Reserve Banks 6,486 6,486 + 463 155 Currency and coin 36,529 36,679 - 192 + 4,309 Total reserves he Id ,2/ 36,425 36,425 - 38 + 4,425 Required reserves 254 104 « 154 - 116 Excess reserves j2/ NOTE: A net of $78 million of surplus reserves were eligible to be carried forward from the week ended June 19, into the week ending June 26. On June 26, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,310 million, an increase of $146 million for the week. JL/ Includes $163 million securities loaned-~fully secured by U.S. Government securities pledged with Federal Reserve Banks. l_l Adjusted to include $58 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. V Includes $42 million of certain deposits of domestic nonmember banks and foreignowned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. * Estimated (Boston, St. Louis and Dallas Districts). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since June 26,•k* June 19, June 27, 1974 1974 1973 A S S E T S _— Gold certificate account 11,460 + 1,157 Special Drawing Rights certif. accts. * 400 -. -Cash 216 -83 (1 ,098) Loans 2,984 + 1,401 + 498 Acceptances—Bought outright 96 + 1 + 29 Held under repurchase agreements 161 + 161 + 161 Federal Agency obligatons—Bought outright -2,549 + 1,100 Held under repurchase agreements 534 + 534 + 534 U. S. Government securities: Bought outright--Bills + 3,220 - 307 37,089 Certificates - Other Notes + 2,597 39,533 — Bonds -806 2,805 Total bought outright + 5,011 - 307 79,427 1/ Held under repurchase agreements 1,045 +1,045 + 1,045 Total U.S. Government securities 80,472 + 6,056 + 738 Total loans and securities +1,932 86,796 + 9,281 Cash items in process of collection 82 (1,651) 8,467 - 539 Bank premises + 36 238 -Other assets 2/ + 92 971 + 75 TOTAL ASSETS +10,401 (2,749) 108,548 +1,468 L I A B J L IT IE S Federal Reserve notes Deposits: Member bank--reserves account U. S. Treasurer--general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,098) (2) (2) (1,649) (2,749) 65,476 30,055 2,693 282 692 33,722 6,060 1,129 106,387 A C C O U N T S C A P I T A ^L Capital paid in Surplus Other capital accounts 876 844 441 Contingent liability on acceptances purchased for foreign correspondents 769 47 +2,311 - 253 - 471 + 5,583 + 5,136 3 890 96 9 +1,584 - 218 + 35 +1,354 + 4,141 + 156 + 311 +10,191 + + + + 114 56 51 103 371 * Figures in parentheses are the eliminations made in the consolidating process. 1_/ Includes $163 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ Includes $42 million of certain deposits of domestic non-member banks and foreignowned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint. ** Estimated (Boston, St. Louis, and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, June 26. 1974 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Federal Agency Discounts Accept U. S. Government -ances securities obligations and Holdings Weekly Holdings Weekly Advances Changes changes Within 15 days 2,942 181 6,855 +2,453 +534 538 16 days to 90 days 23,372 — 42 76 - 734 55 91 days to 1 year 20,539 - 981 — — — 333 Over 1 year to 5 years --19,879 — 1,100 -Over 5 years to 10 years — ---7,867 703 Over 10 years 1,960 354 -— — — Total 2,984 257 80,472 + 738 3,083 +534 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 26, 1974 H.4.Ub) Total Boston * New York Philadelphia Cleveland Richmond Atlanta Chicago St. MinneLouis * apolis Kansas City D ai ias " San Francisco (In millions of dollars) A S S E T S ! Gold certificate account Special Drawing Rights certif. acct. 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 Cash items in process of collection Bank nremises Other assets 2/ TOTAL ASSETS 1,067 70 377 15 194 7 517 15 470 14 1,200 36 372 22 1,559 33 1,535 40 5 53 52 28 60 105 22 260 155 31 111 67 20 207 39 15 41 26 6 75 39 24 78 64 10 76 204 23 98 96 161 -- -- --- -- -_ -- -_ -— -- __ 629 534 146 192 187 142 409 98 54 97 113 359 -- -- -- -- -- -- ._ -- -- -- 9,152 2,120 2,792 2,717 2,066 5,958 1,639 5,230 258 19 2,984 49 13 224 96 161 -- 2,549 123 534 -- 37,089 1,790 1,098 216 "" 39,533 2,805 1 79,427 1,045 80,472 86,796 10,118 1 1,010 3,802 400 F.R. notes of other banks Other cash Loans 509 23 383 23 11,460 11Q -1,909 93 -- -- -- -- 9,756 2,259 2,976 2,896 -2,201 -6,351 1,429 787 1,409 -- _- 1,523 838 59 1,503 3,019 -- -- -- 1,746 124 5,575 11,201 11,201 11,658 1,136 135 692 160 211 206 156 451 108 3,834 4,539 5,979 5,819 4,423 12,760 3,060 -- -- -- -- f,684 -- 3,834 4,181 19,600 1,405 20,645 23,600 4,539 4,738 5,979 6,231 5,819 6,266 4,423 4,842 12,760 13,376 3,060 3,199 1,684 1,813 3,019 3,194 ~~T,509 -,509 ~T 3 ,698 637 1,371 417 474 983 1,378 1,304 512 432 774 700 i i 1 £ i /. 1 C -- CI i. KJ 1-7 ..- -- i 4 t- 1 107 -- 49 1 C 1 "7 JL 1 1 1 396 -- o u 971 46 225 57 69 70 55 137 35 22 32 52 171 111,297 5,385 29,379 5,805 7,924 8,563 6,870 16,549 4,206 2 ,535 4,612 5 ,020 14,449 \_i Includes $163 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 27 Includes assets denominated in foreign currencies. * Estimated (Boston, St. Louis and Dallas Districts). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 26 , 1974 Total Phila- CleveNew Boston, , York delphia land RichAtlanta mond Chicago apolis Kansas City St. ^ Minne- Louis San Dallas Fran* cisco (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 3/ Total deposits Deferred availability cash items Other liabilities and accnled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for foreiLgn correspondents 66.574 3,275 16,496 4,171 5,303 5,955 3,545 10,940 2,685 1,249 2,532 2,514 7,909 30,055 2,693 282 694 33,724 7,709 9,800 1,143 497 262 9 1/ 111 4 583 1,418 10,991 550 "1,011 958 142 11 8 1,119 350 1,757 185 20 1 1,963 393 1,314 209 13 15 1,551 853 1,899 266 17 24 2,206 901 3,902 236 36 17 4,191 916 820 153 8 1 982 425 733 76 5 3 817 395 1,124 154 9 3 1,290 662 1,613 189 13 21 1,836 510 4,992 324 30 14 5,360 743 1,129 109,136 55 5,298 317 28,815 59 5,699 81 7,740 78 8,437 63 6,715 167 16,214 38 4,130 24 2,485 40 4,524 48 4,908 159 14,171 876 844 441 35 34 18 227 215 122 42 42 22 78 74 32 49 47 30 66 62 27 135 132 68 28 29 19 21 20 9 36 35 17 48 46 18 111 108 59 111,297 5,385 29,379 5,805 7,924 8,563 6,870 16,549 4,206 2,535 4,612 5,020 14,449 38 68 43 56 121 26 18 32 42 98 1,292 2,673 2,648 8,385 769 31 2/ 196 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral J7 3,364 100 17,297 — 4,547 5,466 6,141 300 350 670 3,862 11,185 2,838 700 50 5 3,280 17,450 4,100 5,200 5,530 4,000 10,000 2,835 1,320 2,800 2,680 8,500 3,380 17,450 4,400 5,550 6,200 4,000 11,300 2,885 1,320 2,800 2,685 8,500 After deducting $ 171 million participations of other Federal Reserve Banks. 2/ After deducting $ 573 million participations of other Federal Reserve Banks. 3/ * Includes $42 million of certain deposits of domestic nonmember banks and foreign-owned banking institutions held with member banks and redeposited in fuU with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program in cr.dit restraint. Estimated (Boston, St. Louis, and Dallas Districts).
@FedFRASER