The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 17, 1973 The average of daily figures for total reserves of member banks increased $632 million in the latest statement week to $32,899 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. An increase in currency in circulation and a decline in other Federal Reserve assets were the major factors absorbing reserves in the latest statement week. Partially offsetting this reserve drain were declines in Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital. In addition, System Open Market operations provided $535 million reserves net, on a weekly average basis. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright—System account Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements Acceptances — Bought outright Held under repurchase agreements Loans — Total member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gold stock Special Drawing Rights certif. acct. Treasury currency outstanding Averages of daily figures Week ended Chan ge from week ended Wednesday, May 16, * May 9, May 17, May 16,* 1973 1972 1973 1973 (Ir\ millions of dollars) 75,040 616 108 + -.. 54 92 81 + + 3 13 1,816 23 2,351 1,055 82,415 10,410 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Ij Required reserves Excess reserves 2/ NOTE: 44,671 + 616 1/75,040 1,210 + + 277 108 1,256 + + 12 81 90 100 + 328 5 + +1,777 + 23 2,445 _ 26 - 140 + 3,135 T"T57 +6,788 — -+ 481 +V,26$ 1,256 841 87 157 29 709 84,142 +5,543 - 444 +2,735 + 174 + 60 + 409 +8,476 67,015 2,619 75,232 -— + 4 + "7CU + 402 4 - 104 - 18 - 12 - 115 + 151 26,461 6,266 32,899 32,607 + 547 + 85 + 632 + 270 -1,208 + 778 - 258 - 356 27,415 6,266 33,853 32,607 400 8,468 101,693 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 + 269 + 196 66,852 417 4,393 314 636 10,410 400 8,471 103,423 414 4,925 333 634 2,686 76,007 1,246 A net of $9 million of surplus reserves were eligible to be carried forward forward from the week ended May 9, into the week ending May 16. On May 16, 1973, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,527 million, an increase of $471 million for the week. 1/ Includes $112 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Adjusted to include $172 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. * Estimated (San Francisco District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday ** May 16, May 9, May 17, 1973 1973 1972 A S S E T S Gold certificate account 10,303 Special Drawing Rights certif. accts. * -— 400 Cash ( 911) 316 3 15 Loans - 333 +2,251 2,445 Acceptances--Bought outright — + 11 90 Held under repurchase agreements + 100 + 27 100 Federal Agency obligations: bought outright — 1,256 + 277 Held under repurchase agreements 157 + 157 + 97 U. S. Government securities: Bought outright—Bills — +4,112 34,493 Certificates 36,936 40 Notes + 488 3.611 40 + Bonds 3.611 + 40 + 71 -75,040 +1,671 1/ Total bought outright + 752 1,210 +1,210 Held under repurchase agreements 76,250 +5,881 + 752 Total U.S. Government securities 80,298 +8,677 + 543 Total loans and securities +1 ,838 10,169 -2,940 (2, 140) Cash items in process of collection 202 + 40 + 1 Bank premises 507 518 65 z Other assets 2/ +1_,861 102,195 +5,697 (3,051) 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 £ A L I 1 A L A C C O U N T S Capital paid in Surplus Other capital accounts / 9H) (2,140) (3,051) 59,168 27,335 4,925 333 634 33,227 7,114 872 100,381 + 123 - 151 + 240 19 + 3 +5,139 -1,412 +3,434 + 163 + +1,779 +2,250 -2,144 + 321 +5,566 815 793 206 — .. + 8 2 4+ + 73 +1,,512 + _Zi ± fii 48 51 32 Contingent liability on acceptances purchased for foreign correspondents 333 + 3 5 + 112 * Figres in parentheses are the eliminations made in the consolidating process. 1/ Includes $112 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. ** Estimated (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 16,1973 (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 Loans obligations -ances securities Holdings Weekly Holdings Weekly Changes changes 6,852 +113 Within 15 days 2,410 -3,659 119 173 16 days to 90 days 35 16,732 - 666 - 16 28 71 -— 91 days to 1 year 14,962 +1,248 229 — — Over 1 year to 5 years 26,832 -1,316 545 --Over 5 years to 10 years 9,243 +5,105 247 — — Over 10 years — + 40 1,629 191 Total 2,445 190 76,250 + 752 1,413 + 97 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 16, 1973 H.4.1(b) 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. 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 \J 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 414 23 1,917 211 22 70 471 15 207 7 375 15 421 14 1,429 33 954 36 2,294 93 513 23 1,097 400 911 316 100 16 214 23 21 5 42 37 76 36 188 42 46 38 21 23 12 6 28 41 46 12 117 37 2,445 268 904 125 223 116 133 173 38 20 131 95 219 90 100 — -- 90 100 — — — -- — -- — — --- — -- -— -— — — — -- 1,256 157 59 -- 323 157 69 -- 93 -- 88 -- 69 -- 202 — 49 — 27 -- 51 -- 57 -- 169 -- 34,493 1,617 8,871 1,888 2,549 2,416 1,896 5,554 1,335 759 1,402 1 ,563 4,643 -1,502 -1 ,673 164 4,972 3,051 ~ ,400 10,101 -_ -_ ~ ,400 3 ,552 10,101 10,489 1 10,303 -- -- -- ~- -- 36,936 3.611 75,040 1,210 76,250 80,298 1,732 9,499 2,022 2,730 — -- -- 2,029 5,947 — 169 929 198 267 253 198 581 140 -813 79 . 3,518 19,299 1,210 20,509 22,083 4,108 5,256 — 5,256 5,460 4,123 — 4,123 4,325 12,082 -12,082 12,457 2,905 1,651 -- -- 4,108 4,302 5,546 — 5,546 5,862 2,905 2,992 1,651 1,698 3,051 3,233 -3,518 3,845 — 2,587 1,430 — -- 486 489 33 25 2,093 600 27 36 1,411 1,727 14 37 15 32 17 75 526 14 17 497 33 14 802 17 20 750 12 21 1,184 7 134 798 5 34 1,432 202 507 105,246 4,945 26,564 5,701 7,734 8,045 6,246 16,724 4,079 2,474 4,531 4 ,828 13,375 12,309 1/ 2/ Includes $112 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. * Estimated (San Francisco District). 147 49 8 62 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 16, 1973 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 accriled 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 60,079 3,095 14,945 3,731 4,741 5,319 3,077 9,996 2,365 1,096 2,375 2,284 7,055 27.335 4,925 333 634 33,227 9,254 942 340 14 1 1,297 440 7,466 1,162 1/ 92 547 9,267 1,618 1,032 370 16 18 1,436 403 1,874 304 29 2 2,209 564 1,181 343 17 13 1,554 1,006 1,583 390 23 9 2,005 990 4,375 486 51 9 4,921 1,395 871 329 11 5 1,216 406 643 237 7 2 889 426 1,066 322 14 3 1,405 644 1,579 253 18 5 1,855 556 4,723 389 872 103,432 38 4,870 268 26,098 42 5,612 60 7,574 65 7,944 46 6,118 126 16,438 4,017 2,433 1? 4,456 ins 4,730 13,142 815 793 206 33 34 8 208 207 51 39 39 11 73 72 15 45 42 14 59 55 14 128 124 34 28 27 7 19 18 4 34 33 8 105,246 4,945 26,564 5,701 7,734 8,045 6,246 16,724 4,079 383 16 2/ 100 19 35 20 27 60 13 10 2,474 __4 i 531_ 45 43 10 M —. 20 5,173 806 104 99 30 4,828 13,375 9 16 20 48 1,130 2,488 2,422 7,384 5 -- 2,480 2,485 7,600 7,600 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 15,669 3,290 15,850 15,850 3,787 4,884 5,478 250 350 435 3,600 3,850 4,700 57*050 5,115 5,550 V After deducting $241 million participations of other Federal Reserve Banks. 2/ * After deducting $283 million participations of other Federal Reserve Banks. Estimated (San Francisco District). 3,310 — 3,500 3,500 10,241 2,505 700 155 9,900 10,600 2,430 2,585 — 1,140 1,140 — 2,600 2,600
@FedFRASER