The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
of cow-' •••$»?•• FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release H.4.1 March 25, 1971 The average of daily figures of total reserves of member banks declined $426 million to $29,501 million. Required reserves and excess reserves both declined while member bank borrowings at Federal Reserve Banks increased by a small amount. An increase in float of $348 million was the major factor supplying reserves in the latest statement week. Augmenting this source of reserves were a small increase in other Federal Reserve assets and declines in currency in circulation and other deposits with Federal Reserve Banks. Increases in reserves from these factors were offset in part by an increase in Treasury deposits with Federal Reserve Banks. In addition, System Open Market Operations absorbed $559 million in reserves net, on a weekly average basis. Member bank borrowings averaged $333 million and exceeded Excess reserves by $270 million, compared to $56 million for the previous week. 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— Held under repurchase agreements Acceptances Bought outright Held under repurchase agreements Discounts and advances-Member 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 Averages of daily figures Week ended Change from week ended Wednesday, March 24, March 17, I March 25,March 24, 1971 1971 1970 1971 (In millions of dollars) 62,423 83 + 122 554 +6,598 + 76 1/ 62,405 41 90 6 43 + + 1 24 51 10 333 43 -- 2,862 922 66,708 10,732 400 7,242 85,081 348 43 V "T24 - 603 40 + 197 -1,167 +5,084 - 635 819 -- 54 27 + - + + --- + - 12 114 -- + 348 +4,796 2,074 981 66,390 10,732 400 7,249 84,771 56,213 87 56,220 +3,754 465 + 479 2 - 108 926 + 196 - 480 743 _ 121 20 66 146 669 44 94 698 2 2,141 + 52 + 2: 180 + 620 48 60,381 60, +3,058 Member bank reserves: - 162 24,700 With Federal Reserve Banks 24, 151 +1,738 Currency and coin - 264 4,801 + 291 4,801 - 426 Total reserves held I 28,952 29,501 +2,029 _ 29,438 +2,062 Required reserves - 255 29,438 171 33 63 Excess reserves 63 - 171 33 - 486 NOTE: A net of $106 million of surplus reserves were eligible to be carried forward from the week ended March 17, into the week ending March 24. On March 24, 1971, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $14,919 million an increase of $214 million for the week. \J Includes $64 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 dollars) Wednesday March 24, 1971 ASSETS Gold certificate account s. * Special Drawing Rights certif. accts. Cash (1,066) Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities : Bought outright-Bills Certificates 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 (2,714) Bank premises Other assets 2/ TOTAL ASSETS/LIABILITIES 6c CAPITAL ACCOUNT? (3,780) 10,464 -- + 1 + 253 + + - 2 13 87 34 42 44,835 48 + 14 + 104 - 616 - 512 - 433 ^240 +1,752 + 286 +6,873 ,5 +6,868 +6,044 +1,161 + 18 -1,138 +5,583 49,452 134 +3,349 24,151 -1,438 + 563 + 12 49 - 912 -1,271 + 12 -2,305 +1,583 - 553 48 - 146 + 836 +1,324 + 24 +5,533 - 25,479 33,825 3,101 62,405 41 62,446 63,335 9,410 134 847 84,860 + -1 ,868 + •i 926 146 669 (2,714) 25,892 7,336 (3,780) 83,217 537 715 702 226 60 2 + + 63 259 Figures in parentheses are the eliminations made in the consol idating process. Includes $64 million securities loaned-~fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies and IMF gold deposited 3/ Includes IMF gold deposit. 1/ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 24, 1971 . "• i>»»ww» — — — m i.i i|i|ii—w—p^—iiw^iii dm i I i i( •" i mi! i n • •nn •• 11 M •» (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.): U. S. Government securities and Federal Agency obligations Discounts and advances Acceptances Holdings Weekly changes. Within 15 days 3,480 22 817 -787 16 days to 90 days 14,516 +236 2 39 „ 91 days to 1 year -• 14,174 -110 Over 1 year to 5 years 'S — 23,452 + 16 Over 5 years to 10 >ars 6,001 + 31 Over 10 years 832 + 15 — zz. Total 819 61 62,455 -599 34 33 17 87 Vc 1 — 79 775 1 88 51 10 £ £ P I T A L ACCOUNTS Capital"~paid in "" "~ "" Surplus Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 581 •m «• 400 270 819 (1,066) Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other V Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Change since March 17, March 25, 1970 1971 jm « •1" H t H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 24, 1971 Total Boston New PhilaYork delphia 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. 10,464 400 F. R. notes of other banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bond s 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 ^/ TOTAL ASSETS 1/ 2/ i 1,066 1 270 ! 819 51 10 1 601 23 2,499 93 614 23 960 33 926 36 489 22 1,810 391 15 164 7 403 15 451 14 1,156 70 120 11 246 21 35 10 60 30 69 i6 334 37 28 39 18 15 12 7 24 28 23 17 97 39 2 427 * 2 14 14 356 -- * 3 — 1 --- 51 10 --- --- --- --- --- --- --- --- --- 1,955 1,921 1,276 4,153 945 512 1,005 1,179 3,460 2,595 5,514 1,255 679 62 1,335 1,566 4,593 122 144 421 2,462 2,889 8,474 9 9 1/ 6,478 1,317 25,479 1,278 33,825 3,101 62,405 1,696 156 3,130 -3,130 3,132 8,600 788 15,866 41 15,907 16,404 1,749 160 3,226 2,550 1,693 238 234 155 4,788 4,705 3,124 -- -- -- 3,226 3,226 4,788 4,790 4,705 4,719 3,124 3,138 2,042 8 325 650 3 38 856 15 48 985 11 50 1,222 2,023 134 847 678 2 44 17 29 17 97 88,640 4,611 21,638 4,599 6,792 6,812 5,288 41 62,446 63,335 12,124 506 115 10,173 2,315 -- -- r,253 -r,253 -- -- -- i ,253 2,462 2,465 2,889 2,889 8,474 8,475 568 13 22 452 13 12 790 18 23 766 9 28 1,092 14,613 3,357 i ,920 3,766 4,197 11,047 10,173 2,315 10,529 2,315 Includes $64 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks, Includes assets denominated in foreign currencies and IMF gold deposited. Less than $500,000 49 8 131 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 24, 1971 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 50,518 2,856 12,113 2,900 4,118 4,496 2,492 8,849 1,934 868 1,856 1,913 6,123 24,151 979 6,661 27 134 7 1/ 42 1,009 1,605 1,230 1,526 3,703 1,521 3,488 70 13 153 7 15 81 9 1 47 21 8 577 29 3 4 613 393 1,039 58 7 2 813 44 5 61 6 2 58 8 2 164 18 18 1,108 1,589 3,688 713 583 954 926 146 669 25,892 10,050 537 * 1,013 640 2/617 7,454 1,514 26 1,076 — 1,688 512 772 1,405 1,617 782 1,046 3,779 1,654 * 862 487 130 26 68 38 26 82 18 10 20 23 70 4,535 21,211 4,514 6,646 6,721 5,181 14,364 3,301 1,884 3,697 4,108 10,835 186 185 56 37 36 12 65 63 18 37 36 18 49 47 11 107 105 37 24 24 8 16 16 4 31 30 8 40 39 10 90 88 34 88,640 4,611 21,638 4,599 6,792 6,812 5,288 14,613 3,357 1,920 3,766 4,197 11,047 249 12 3/ 68 13 23 13 17 39 9 11 15 33 1,947 2,055 6,435 86,997 715 702 226 33 33 10 6_ FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account 250 500 2,973 300 4,290 510 4,646 500 2,756 — 9,112 1,000 2,021 894 5 155 4,210 2,900 8,450 1.930 930 1.975 2.130 7,000 3,090 13,100 3,100 4,410 4,710 2,900 After deducting $104 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $191 million participations of other Federal Reserve Banks. 9,450 2,085 930 1,975 2,135 7,000 U. S. Government securities Total collateral 1/ 2/ 3/ 3,008 12,789 2.840 12.600 2.800 3,900 * Less than $500,000.
@FedFRASER