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O V <•'•' > l ' / ••?*»*•• FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 8, 1972 The average of daily figures for total reserves of member banks declined $155 million in the latest statement week to $32,709 million. Required reserves and member bank borrowings at Federal Reserve Banks declined while excess reserves increased. Increases in currency in circulation and Treasury deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest statement week. Partially offsetting these reserve drains were an increase in float and a decline in foreign deposits with Federal Reserve Banks. In addition, System Open Market operations provided $111 million reserves net, on a weekly average basis. Excess reserves averaged $367 million and exceeded borrowings by $307 million. In the previous week member bank borrowings exceeded excess reserves by $121 million. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Wednesday, June 7, June 7, May 31, June 9, 1972 1971 1972 1972 (In millions c>f dollars) Reserve Bank credit: U.S. Government securitiesBought outright--System account Held under repurchase agreements Special Certificates Federal Agency obligations—Bought outright Held under repurchase agreements Acceptances— Bought 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 + 214 - 138 — + 39 2 - +6,264 + 21 - 94 +1,018 + 2 78 8 _ - + + 60 • 194 70,602 21 -1,018 2 + + + 1 1 3,328 878 75,995 10,410 400 8,023 94,828 61,632 361 2,559 134 611 2,415 67,712 + + + + + + + 320 71 308 --12 320 274 14 381 189 23 86 560 27,116 5,593 32,709 32,342 367 _ + + 240 85 155 389 234 NOTE: A net of $43 million of surplus reserves were eligible to from the week ended May 31, into the week ending June 7. On June 7, 1972, marketable U.S. Government securities the Federal Reserve Banks for foreign and international accounts an increase of $74 million for the week. 1/ Includes $22 million securities loaned—fully secured by U.S. pledged with Federal Reserve Banks. 1/70,610 148 — 1,118 12 14 8 76 54 93 136 + 578 - 33 +7,685 + 78 -+ 619 +8,382 +3,781 - 133 +2,165 17 84 + 87 +5,799 3,155 893 76,202 10,410 400 8,028 95,040 61,936 360 2,356 145 615 2,442 67,854 +2,582 + 241 +2,823 +2,529 + 294 27,186 5,593 32,779 32,342 437 be carried forward held in custody by were $28,668 million, Government securities H.4„l(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday June 9, May 31, June 7, 1972 1972 1971 ASSETS + 228 10,303 Gold certificate account 400 Special Drawing Rights certif.. accts. + 43 3 315 (918) Cash - 454 -1,456 136 Loans + 14 2 76 Acceptances—Bought outright + 54 11 54 Held under repurchase agreements +1,118 + 139 1,118 Federal Agency obligations—Bought outright 4- 12 13 12 Held under repurchase agreements U.S. Government securities: + 118 44,118 30,622 Bought outright--Bills - 582 Certificates - Special - Other +2,141 36,448 Notes + 320 3,540 Bonds +5,997 1/ 70,610 + 118 Total bought outright + 148 148 - 967 Held under repurchase agreements +6,145 70,758 - 849 70, Total U.S. Government securities -2,192 +6,889 72,154 72, Total loans and securities +1,133 + 47 11,102 (3,111) Cash items in process of collection -+ 22 163 Bank premises 84 + 48 730 Other assets 2y +8,231 (4,029) 95,167 •2,100 TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member banks—reserves account U.S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L Capital paid in Surplus Other capital accounts (918) 54,476 27,106 2,356 145 615 + 227 -2,392 + 212 12 + 31 -2,161 - 220 (3,111) 30,222 8,027 570 10 (4,029) 93,295 -2,164 +3,256 +2,202 +2,349 49 53 +4,449 + 429 + 20 +8,154 ACCOUNTS, 771 742 359 Contingent liability on acceptances purchased for foreign correspondents + + 61 256 46 40 9 15 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $22 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 7, 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 Weekly Holdings Holdings Weekly changes changes 4,29? Within 15 days T33 $T 75T IT + 42 16,524 16 days to 90 days 3 43 120 +630 - 41 18,864 91 days to 1 year 180 -717 + 85 24,039 Over 1 year to 5 years 494 + 64 5,804 Over 5 years to 10 years 196 + 24 1.230 ^ Over 10 years " — 128 +126 70,758 -849 Total 136 130 1,130 m STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 7, 1972 H.4.1(b) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Da H a s San Francisco (1'.n millions of dollars) A S S E T S 10,303 400 371 23 2,530 93 427 23 909 33 787 36 345 22 1,799 70 289 15 162 7 355 15 308 14 2,021 49 918 315 125 12 200 21 72 10 47 38 79 39 182 36 35 46 20 17 15 9 38 34 28 15 77 38 136 5 31 23 -7 5 20 23 10 -> - 76 54 --- 76 54 --- -" "- --- --- --- --- --- --- -- --- 1,118 12 53 -- 285 12 59 -- 87 -- 83 -- 60 -- 182 -- 42 -- 23 -- 45 -- 51 -- 148 -- 30,622 1,454 7,817 1,605 2,373 2,287 1,659 4,992 1,144 617 1,231 1 ,392 4,051 -| 36,448 3,540 \J 70,610 148 70,758 72,154 -1,731 168 3,353 -3,353 3,411 -9,304 904 18,025 148 18,173 18,631 -1,910 186 3,701 -3,701 3,783 -2,825 274 5,472 -5,472 5,566 -2,722 265 5,274 -5,274 5,363 -1,975 192 3,826 -3,826 3,906 -5,942 577 11,511 -11,511 11,716 -1,361 132 2,637 -2,637 2,689 -734 71 ,422 T -,422 i ,448 -1,466 142 2,839 -2,839 2,889 __ 1 ,657 161 3",210 -3~,210 3 ,261 -4,821 468 9,340 -9,340 9,491 14,213 163 730 857 2 57 2,519 8 185 842 4 45 1,014 27 49 1,021 13 51 1,537 16 34 2,259 17 102 757 15 23 551 24 16 859 17 29 951 12 43 1,046 8 96 99,196 4,858 24,187 5,206 7,683 7,389 6,078 16,044 3,825 2 ,232 4,236 4 ,632 12,826 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 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 \J ! Includes $22 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2./ Includes assets denominated in foreign currencies. r -* H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 7, 1972 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Dallas Francisco (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 Contingent liability on ace.eptances purchased for forei-gn correspondents 55,394 27,106 1 2,356 145 615 30,222 11,138 2,940 13,618 3,260 4,429 4,875 2,785 9,490 2,173 965 2,139 2,140 6,580 921 7,457 1,015 1,915 1,316 1,654 3,945 5,008 148 7 3 235 12 — 195 7 15 189 9 5 324 20 616 127 3 1,445 215 802 164 5 1,012 119 6 * 265 6 207 7 1,173 2,162 1,533 1 747 2 1,285 3 1,662 5,226 648 882 836 1,857 1,275 1 972 168 17 33 597 466 712 706 702 144 30 23,704 5,111 45 7,518 40 7,284 5,956 21 90 15,730 3,763 13 2,191 22 4,158 1,046 761 28 570 97,324 4,775 1/ 46 543 8,261 1,681 39 9 4,298 1,872 73 25 4,533 12,581 771 742 359 34 34 15 200 193 90 39 38 18 70 68 27 40 38 27 53 50 19 119 111 64 25 25 12 17 17 7 33 32 13 42 41 16 99 95 51 99,196 4,858 24,187 5,206 7,683 7,389 6,078 16,044 3,825 2,232 4,236 4,632 12,826 256 12 2/ 67 13 23 13 17 38 9 6 11 14 33 "995 2,208 2,265 6,893 FEDERAL RESERVE AGENTS1 ACCOUNTS 14,371 F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,150 14,650 14,650 3,337 57535 57513 300 350 285 3,150 3,450 4,400 4,750 4,815 5,100 \J After deducting $ 99 million participations of other Federal Reserve Banks, 2/ After deducting $189 million participations of other Federal Reserve Banks. 2,989 3,100 3,100 9,666 2,268 700 155 9,300 10,000 2,180 2,335 * 5 1,020 2,300 1,020 2,300 Less than $500,000. 2,330 2,335 7,200 7,200
@FedFRASER