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Oj^OVtjf'' 'f£n**v FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 14, 1974 The average of daily figure for total reserves of member banks increased $150 million in the lastest statement week to $34,752 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. Declines in Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital were the major factors providing reserves in the latest statement week. Offsetting these reserve gains was an increase in currency in circulation. System Open Market Operations absorbed $21 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 2/ Other F.R. liabilities and capital Averages of daily figures Week ended Change from week ended Wednesday, March 13, March 14, March 13, March 6, 1974 1974 1973 1974 (In millions oi: dollars) - 415 + 378 +5,738 + 30 1,978 „ + 21 22 + 22 67 17 «. + 2 17 - 21 984 19 + 72 — + 507 19 1,628 2,057 + + + - 753 + 148 +5,313 +1,157 2,325 1,023 86,855 11,567 77,789 378 938 84,230 11,567 400 8,762 104,959 71,194 330 1,775 277 714 2,843 77,131 + + + + + 77 60 188 — — 4 192 617 4 152 51 20 99 328 1/77,743 1,902 690 1,953 1 128 11 67 86 — + 360 +6,830 +6,037 46 -2,354 58 + 44 + 438 +4,060 20 400 8,764 107,586 71,486 336 1,814 274 735 2,946 77,591 Member bank reserves: «. 136 29,995 With Federal Reserve Banks +2,770 27,828 Currency and coin + 636 6,857 + 286 6,857 Total reserves held 2/ 36,919 +3,194 + 150 34,752 Required reserves 34,632 + 122 +3,099 34,632 Excess reserves 2/ 2,287 120 28 NOTE: A net of $66 million of surplus reserves were eligible to be carried forward from the week ended March 6, into the week ending March 13. On March 13, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $25,825 million, an increase of $305 million for the week. Includes $170 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Adjusted to include $67 millbn 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. 3/ Includes $43 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. y H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Mar, b, Mar. 14, Mar. 13, 1974 1973 1974 A S S E T S Gold certificate account 1,460 ... +1,157 Special Drawing Rights certif. accts. 400 — — Cash 290 8 (1,075) 74 Loans 1,628 - 195 + 784 Acceptances—Bought outright 67 11 — Held under repurchase agreements 86 2 + 86 Federal Agency obligations—Bought outright 1,953 - 44 + 673 Held under repurchase agreements 128 + 69 + 128 U.S. Government securities: Bought outright—Bills 35,973 416 +4,034 Certificates Other Notes 38,796 +1,957 Bonds 2.974 - 527 Total bought outright - 416 77,743 +5,464 Held under repurchase agreements 1.902 +1.902 +1.263 Total U.S. Government securities +1,486 79,645 +6.727 Total loans and securities 83,507 +2,440 +7,261 Cash items in process of collection (1,731) 7,996 - 485 -1,489 Bank premises 227 + 30 — Other assets Ij 796 + 108 + 115 TOTAL ASSETS (2,806) 104.676 +2.055 ±7*000 L I A B I L I T I E 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 .CAPITAL A C C O U N T S Capital paid in Surplus Other capital accounts (1,705) 63,241 29,915 1,814 274 735 (1,731) (2,806) 32,738 5,751 ..1,030 102,760 871 844 201 + 409 +1,344 + 286 8 + 48 +1,670 - 187 + 58 +1,950 + 7 — + 98 +5,605 +3,817 -2,507 - 37 + 70 +1,343 - 452 + 345 +6,841 + + + 67 51 41 Contingent liability on acceptances purchased for foreign correspondents 557 + 51 + 390 * Figures in parentheses are the eliminations made in the consolidating process. ,1/ Includes $170 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. .3/ Includes $43 million of certain deposits of domestic non-member banks and foreign-owned 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 13r 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 U.S. Government obligations securities Loans AcceptHoldings Holdings Weekly Weekly ances changes Changes Within 15 days 6,976 96 +1,065 128 1,613 +84 16 days to 90 days 19,425 57 135 +72 15 + 19 91 days to 1 year 21,432 + 402 +26 274 — — Over 1 year to 5 years 22,235 768 -78 — -— Over 5 years to 10 years 7,780 -20 537 — — — Over 10 years 1,797 239 — — — — Total 1,628 153 79,645 +1,486 2,081 +84 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ONMARCH 13, 1974 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. 11,460 400 585 23 1,503 93 705 23 852 33 1,072 36 746 22 1,852 70 522 15 236 7 523 15 628 14 2,236 49 F.R. notes of other banks Other cash 1,075 290 65 19 297 26 33 5 64 35 98 31 145 39 59 30 20 18 13 10 29 31 86 14 166 32 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 \J Held under repurchase agreements Total U.S. Government securities Total loans and securities 1,628 101 140 141 250 71 76 464 49 25 27 86 198 67 86 --- 67 86 — -- — — — — — — — — -— — — — — -— 1,953 128 89 -- 510 128 106 — 143 — 146 — 108 -- 307 -- 71 -- 41 — 77 — 86 — 269 — 35,973 1,647 9,394 1,948 2,624 2,682 1,994 5,646 1,309 764 1,426 1,580 4,959 — 38,796 2r974 77,743 1 1.902 i 79,645 83,507 -1,776 136 3,559 — 3,559 3,749 — 10,131 776 20,301 1.902 22,203 23,134 _2,101 161 4,210 — 4,210 4,457 — 2,830 217 5,671 — 5,671 6,064 — 2,892 222 5,796 — 5,796 6,013 — 2,151 165 4,310 — 4,310 4,494 -6,089 467 12,202 — 12,202 12,973 _.. 1,412 108 2,829 — 2,829 2,949 — 824 63 1,651 -1,651 1,717 — 1,538 118 3,082 — 3,082 3,186 — 1,704 131 3,415 -3,415 3,587 — 5,348 410 10,717 -10,717 11,184 Cash items in process of collection Bank premises Other assets 2/ 9,727 227 796 372 47 29 1,538 10 207 349 12 39 468 27 47 1,053 14 47 1,002 15 38 1,428 16 100 437 14 21 456 35 16 826 17 24 800 12 27 998 8 201 107,482 4,889 26,808 5,623 7,590 8,364 6,501 16,528 3,996 2,490 4,651 5,168 14,874 TOTAL ASSETS -— 1/ Includes $170 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 13, 1974 New Total Boston York Phila- Clevedelphia land Richmond St. Atlanta Chicago 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 ac<?eptances purchased for fore Lgn c or r e s ponden t s _ 64,316 3,160 15,871 4,065 5,130 5,756 3,392 10,645 2,589 1,182 2,477 2,415 7,634 29,915 1,814 1,046 7,942 1,362 2,067 4,164 5,980 184 13 36 121 17 16 161 38 9 1,092 1,839 1,595 2,221 322 382 834 695 4,372 1,066 743 74 5 2 824 421 1,909 151 21 1 853 124 8 * 985 325 1,231 433 952 114 12 14 1,666 178 10 4 18 274 735 32,738 7,482 1,238 370 1/ 96 603 9,074 1,062 44 304 50 71 70 55 147 34 4,812 26,311 5,529 7,422 8,255 6,363 16,230 3,S>33 ~7^5~ 871 844 201 35 34 8 226 215 56 42 42 10 77 74 17 48 47 14 65 62 11 135 132 31 28 29 6 21 20 4 107,482 4,889 26,808 5,623 7,590 8,364 6,501 16,528 3,996 2,490 1,030 105,566 137 13 15 17 31 30 2,074 6,058 537 111 120 10 5 1,366 691 37 4,571 41 159 5,067 14,628 47 46 8 111 108 27 36 35 9 4,651 5,163 14,874 _ L 657L_ 27 _ 27168 32 58 37 48 103 22 15 36 27 _ 84 FEDERAL RESERVE AGENTS 1 ACCOUNTS F, R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 1/ 2J 3/ 3,28S 175 3,230 3,405 16,728 — 17,050 17,050 4,121 5,297 5,932 400 350 625 3,800 4,200 5,200 5,550 5,390 6,015 3,671 3,900 3,900 .,21/ " T^QT^T^m 10,892 700 50 10,600 11,300 2,735 2,785 1,240 1,240 2,700 2,700 2,655 27560 After deducting $ 178 million participations of other Federal Reserve Banks, After deducting $489 million participations of other Federal Reserve Banks. * Less than $500,000. Includes $43 million of certain deposits of domestic non-member banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institit ions in the Federal Reserve System's program of credit restraint. TTUW 8,300 8,300
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