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^,"-'^: FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 25, 1972 The average of daily figures for total reserves of member banks declined $494 million in the latest statement week to $32,707 million. Required and excess reserves declined while member bank borrowings at Federal Reserve Banks increased. A decline in Treasury cash holdings and a seasonal increase in float were the major factors supplying reserves in the latest statement week. Offsetting these reserve gains were an increase in Treasury deposits with Federal Reserve Banks and a decline in other Federal Reserve assets. In addition, System Open Market operations absorbed $44 million reserves net, on a weekly average basis. Excess reserves averaged $149 million and exceeded borrowings by $86 million compared to $166 million in the previous week. 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 Averages of daily ifigures Week ended Chang e from week ended Wednesday, May 24, * May 26, May 24, * May 17, 1972 1972 1972 1971 (Irl millions of dollars) — 45 -- +5,560 - 143 979 -- -_ -- + - 81 -- 1 -- + 63 .. 24 -187 216 48 — — 21 27 102 481 607 9 19 61 74 • 70,324 3,409 752 75,609 10,410 + - 400 8,008 94,427 61,207 380 2,265 149 557 2,271 66,830 + + + + + 1/70,324 — 979 35 979 — 20 76 48 + -- 316 -- 622 3,042 204 99 810 +6,654 + 78 1 75,547 10,410 -- 400 + 636 +7,367 +4,042 - 122 +1,220 8,009 94,366 1 61,307 38 148 611 - 120 + 46 +5,030 383 2,402 2.300 67,151 Member bank reserves: - 101 With Federal Reserve Banks 27,598 +2,338 27,215 Currency and coin - 393 5,109 + 123 5,109 Total reserves held 32,707 - 494 +2,461 32,324 Required reserves 32,558 - 438 +2,486 32,558 Excess reserves - 56 149 - 234 25 NOTE: A net of $95 million of surplus re serves were eligible to be carried forward from the week ended May 17 into the week ending May 24. On May 24, 1972, marketable U.S . Government securities held in custody by Federal Reserve Banks for foreign and international accounts were $28,809 million, a decrease of $40 million for the week. \J Includes $43 million securities loaned •fully secured by U.S. Government securities pledged with Federal Reserve Banks. * Estimated (Dallas District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since ** May 24," May 17, May 2 6 , 1972 1971 1972 A £ £ E T S. 10,303 -+ 228 Gold certificate account --400 Special Drawing Rights certif. accts. + 330 54 1 (1,024) Cash - 958 + 122 316 Loans + 14 76 3 Acceptances—Bought outright — -40 Held under repurchase agreements -+ 979 979 Federal Agency obligatons—Bought outright 39 Held under repurchase agreements U. S. Government securities: 30,336 45 +3,099 Bought outright —Bills Certificates 36,448 -+2,141 Notes 3,540 -+ 320 Bonds 1/ 70,324 45 +5,560 Total bought outright -- 168 -Held under repurchase agreements 70,324 45 +5,392 Total U.S. Government securities +5,348 71,695 + 74" Total loans and securities 10,830 (3,306) -2,244 + 869 Cash items in process of collection 163 + 1 + 24 Bank premises 647 85 + 75 Other assets _2/ +b,438 (4,330) 94,36^8 -2,095 TOTAL ASSETS Federal Reserve notes Deposits: Member bank--reserves account U. S. Treasurer--general account Foreign (1,024) Other V Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL (3,306) (4,330) 53,904 27,135 2,402 148 611 30,296 7,868 555 92,623 - 125 -1,577 + 911 22 + 42 - 646 -1,390 + 4 -2,157 769 742 234 2 -60 +3,387 +1,118 +1,515 8 60 +2,565 + 427 + 13 +6,392 A££2Mlil£ Capital paid in Surplus Other capital accounts + + - 46 40 40 Contingent liability on acceptances 27 purchased for foreign correspondents 269 2 + * Figures in parentheses are the eliminations made in the consolidating process* JL/ Includes $43 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. ** Estimated (Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 24, 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 Loans obligations -ances securities Holdings Weekly Holdings Weekly Changes changes Within 15 days 314 17 - 167 4,581 35 16 days to 90 days 2 59 15,932 + 11 77 91 days to 1 year — __ 18,738 + 111 187 Over 1 year to 5 years --__ 24,039 442 Over 5 years to 10 years ---5,804 134 Over 10 years 1,230 -104 "316 Total ~76 70,324 45 979 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 24, 1972 H.4.1(b) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Da lias * San Francisco (In millions of dollars) A S S E T S l 10,303 400 445 23 3,043 93 469 23 958 33 887 36 584 22 1,672 70 381 15 196 7 426 15 241 14 1,001 49 1,024 330 129 13 211 22 89 12 49 38 88 40 214 37 40 47 22 19 14 10 38 35 40 16 90 41 316 2 278 1 -- 8 -- 5 3 19 .. ._ 76 -- — -- 76 -- --- — -- — — --- — — -- --- --- --- -— 979 46 — 244 -- 51 -- 75 -- 72 -- 53 -- 161 -- 37 -- 20 -- 39 -- 44 .. 137 .. 30,336 1,427 7,563 1,570 2,323 2,246 1,634 4,975 1,150 608 1,206 1 ,381 4,253 36,448 3,540 70,324 -70,324 71,695 -1,716 167 3,310 -3,310 3,358 — 9,086 882 17,531 — 17,531 18,129 — 1,886 183 3,639 — 3,639 3,691 -2,792 271 5,386 -5,386 5,461 — 2,698 262 5,206 -5,206 5,286 -1,962 191 3,787 -3,787 3,840 -5,978 581 11,534 -11,534 11,700 — 1,382 134 2,666 -2,666 2,703 -731 71 1,410 -1,410 1,433 -1,449 141 2,796 -2,796 2,854 .. 1 ,659 161 3",201 -- T3 7201 ,245 .. 5,109 496 9,858 -9,858 9,995 I 14,136 i 163 i 647 800 2 54 2,388 8 145 849 4 38 941 27 47 1,048 13 43 1,529 16 31 2,211 17 90 746 15 21 544 24 21 864 17 23 1 160 12 32 1,056 8 102 : 98,698 4,824 24,039 5,175 7,554 7,441 6,273 15,847 3,922 2,249 4,272 4, 760 12,342 Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outright-Eills 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 — i[ 1/ Includes $43 million securities loaned- -fully secured by U.S. Government securities pledged with Federal Reserve Banks. 27 Includes assets denominated in foreign currencies. * Estimated (Dallas district). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 24, 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 Tptal_jieeqs it s 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 54,928 2,918 13,513 3,234 4,410 4,852 2,736 9,433 2,155 957 2,111 2,112 6,497 27,135 938 2,402 156 148 6 6111 1 30,296 1,101 11,174 701 7,250 419 1/ 45 557 8,271 1,671 999 200 7 1 1,207 616 1,851 250 13 1,904 168 9 5 2,086 1,297 4,068 212 21 3 4,304 1,750 951 147 5 2,114 831 1,368 208 7 14 1,597 856 1,103 585 659 124 3 1 787 454 1,184 128 6 2 1,320 746 1,421 134 8 1 1,564 967 4,542 256 18 26 4,842 700 — - 555 96,953 27 4,747 134 23,589 29 5,086 43 7,398 40 7,345 38 6,157 88 15,575 21 3,864 12 2,210 21 4,198 25 4,668 77 12,116 769 742 234 34 34 9 200 193 57 39 38 12 70 68 18 40 38 18 53 50 13 118 111 43 25 25 8 17 17 5 33 32 9 42 41 9 98 95 33 98,698 4,824 24,039 5,175 7,554 7,441 6,273 15,847 3,922 2,249 4,272 4,760 12,342 269 12 70 14 25 14 18 40 9 6 11 15 35 986 2,197 2,254 6,831 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 57,502 3,084 1,945 150 57,035 3,000 58,980 3,150 14,343 3,322 4,576 5,007 300 350 285 14,450 3,150 4,400 4,815 14,450 3,450 4,750 5,100 \J After deducting $103 million participations of other Federal Reserve Banks, 2/ After deducting $199 million participations of other Federal Reserve Banks. * Estimated (Dallas district). 9,648 2,255 700 155 3,100 9,300 2,180 1,010 2,300 2.330 7.000 3,100 10,000 2,335 1,010 2,300 2,335 7,000 2,999 5
@FedFRASER