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s>S^i&;- ••f^r^e-- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of RR, Banks H.4.1 For immediate release June 29, 1972 The average of daily figures for total reserves of member banks declined $303 million in the latest statement week to $32,299 million. Required and excess reserves declined while member bank borrowings at Federal Reserve Banks increased. An increase in Treasury deposits with the Federal Reserve Banks and a seasonal decline in float were the major factors absorbing reserves in the latest statement week. System Open Market operations supplied $341 million reserves net, on a weekly average basis, primarily through outright purchases of Treasury bills. Member bank borrowings were above the average of recent weeks and exceeded excess reserves by $10 million. In the previous week excess reserves exceeded borrowings by $154 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 LoansMember 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 28, June 21, June 30, June 28, 1972 1972 1972 1971 l mill ions of dollars) (Ir + 323 9 + +5,235 34 1/70,904 9 1,118 -- 1 +1,118 13 1,118 1 70,530 . 62 10 69 11 + 3 11 + + 7 8 71 77 135 + 78 - 615 475 + 899 45 +6,561 + 78 — + 623 +7,262 +3,860 - 126 +1,709 12 - 122 + 97 +5,407 3,518 1,042 77,277 10,410 3,487 1,002 76,363 10,410 222 H- 61 + 259 mm -— 400 8,057 95,230 61,871 354 3,173 154 571 2,330 68,453 26,776 5,523 32,299 32,174 125 + 2 + 261 87 1 + 738 + 4 4 + 77 + 727 _ 467 + 164 - 303 - 217 " 86 +1,855 + 152 +2,007 +2,114 - 107 400 8,057 96,144 62,161 357 2,923 194 585 2,365 68,585 27,559 5,523 33,082 32,174 908 A net of $108 million of surplus reserves were eligible to be carried forward from the week ended June 21, into the week ending June 28. On June 28, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,069 million, an increase of $80 million for the week. 1/ Includes $50 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 dol lars) Wednesday June 28, 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 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 Change since June 21, June 30, 1972 1971 10,303 (960) 400 315 475 71 77 + + + -- + 32 + 29 + 9 + 77. +1,118 + 10 294 5 77 -- 10 10 36,596 3,502 1/ 70,904 62 70,966 72,717 11,509 163 879 + 228 1 1,118 30,806 (3,544) + -- 524 +2,877 + 148 + 52 + 724 + 62 + 786 +1 ,172 -1,133 +2,242 + 267 +5,386 + 62 +5,448 +6,691 + 764 + 22 -- + 30 66 (4,504) 96.286 + _&8 +7.671 (960) 54,669 27,479 2,923 + +3,217 +2,929 +1,649 194 585 (3,544) 31,181 8,071 (4,504) 94,510 589 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 773 742 261 Contingent liability on acceptances purchased for foreign correspondents 252 135 + 499 31 + 8 + 31 ' + 507 - 649 + 27 + 20 1 -- 5 - 103 +4,470 - 125 + 43 +7,605 + + 44 40 47 18 22 * Figures in parentheses are the eliminations made in the consolidating process. 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 28, 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 obligations securities -ances Loans Holdings Weekly Holdings Weekly Changes changes Within 15 days 471 97 4,737 + 107 42 10 4 51 16 days to 90 days 15,827 + 165 123 19,132 91 days to 1 year + 317 162 Over 1 year to 5 years 24,108 + 69 480 Over 5 years to 10 years 5,913 + 109 197 Over 10 years 1,249 +__ 19 124 Total 70,966 475 1,128 786 148 10 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 28, 1972 H.4.10>) Total Boston Philadelphia New York Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S 10,303 400 468 23 1,393 93 611 23 708 33 649 36 650 22 1,494 70 365 15 184 7 401 15 309 14 3,071 F.R. notes of other banks Other cash 960 315 119 12 205 19 59 12 57 36 85 40 171 36 40 47 26 19 20 9 42 35 41 15 95 35 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 475 155 139 22 2 34 11 40 16 2 23 1 30 71 77 --- 71 77 --- --- --- --- --- --- -T --- -— --- 1,118 10 53 -- 285 10 59 -- 87 -- 83 -- 60 -- 182 -- 42 — 23 — 45 -- 51 -- 148 -- 30,806 1,463 7,864 1,615 2,388 2,300 1,669 5,022 1,150 621 1,239 1 ,400 4,075 36,596 3,502 70,904 62 70,966 72,717 1,738 166 3,367 -3,367 3,575 9,342 894 18,100 62 18,162 18,744 1,918 183 3,716 " -3,716 3,797 2,836 271 5,495 -5,495 5,584 2,733 262 5,295 -5,295 5,412 1,983 190 3,842 -3,842 3,913 5,966 571 11,559 -11,559 11,781 1,367 131 2,648 -2,648 2,706 737 71 1,429 -1,429 1,454 1,471 141 2,851 -2,851 2,919 1 ,664 159 — J ,223 -~~3",223 3 ,275 4,841 463 9,379 -9,379 9,557 15,053 163 879 898 2 64 2,495 8 223 802 4 55 1,054 27 62 1,177 13 65 1,604 16 43 2,598 17 125 766 15 28 551 24 19 1,005 17 31 991 12 35 1,112 8 129 100,790 5,161 23,180 5,363 7,561 7,477 6,455 16,172 3,940 2,268 4,465 4 ,692 14,056 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS 1/ \J Includes $50 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. — 49 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 28, 1972 Total [Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas City 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 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 forei-gn correspondents 55,629 2,962 13,710 3,283 4,441 4,909 2,802 9,487 2,170 967 2,145 2,138 6,615 27,479 2,923 194 585 31,181 11,615 1,102 203 9 2 1,316 777 6,161 378 1/ 54 522 7,115 1,730 1,149 189 10 2 1,350 611 1,764 222 17 1 2,004 913 1,224 236 10 13 1,483 947 1,807 360 13 5 2,185 1,310 4,135 215 28 6 4,384 1,933 876 197 6 1 1,080 610 604 170 4 1 779 470 1,143 165 8 2 1,318 905 1,441 250 10 2 1,703 732 6,073 338 25 28 6,464 677 589 99,014 27 5,082 166 22,721 29 5,273 44 7,402 41 7,380 40 6,337 89 21 13 22 15 ,.893 3,881 2,229 4,390 773 742 261 34 34 11 200 193 66 39 38 13 71 68 20 40 38 19 53 50 15 119 111 49 25 25 9 18 17 4 33 32 10 100,790 5,161 23,180 5,363 7,561 7,477 6,455 16,172 3,940 2,268 4,465 252 11 2/ 65 13 23 13 17 38 9 6 11 14 32 1,002 2,240 2,291 6,964 72 25 4,598 13,828 42 41 11 99 95 34 4,692 14,056 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account 3,128 U. S. Government securities Total collateral 3,150 14,496 3,358 4,633 5,049 300 350 285 14.650 3.150 4.400 4.855 14,650 3,450 4,750 5,140 JL/ After deducting $140 million participations of other Federal Reserve Banks, 2/ After deducting $187 million participations of other Federal Reserve Banks. 3,043 9,701 2,267 700 155 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