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FEDERAL RESERVE '•f^URE** Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release H.4.1 May 27, 1971 The average of daily figures of total reserves of member banks declined $137 million in the latest statement week to $30,248 million. Excess reserves increased while required reserves and member bank borrowings at Federal Reserve Banks both declined. A decline in Other Federal Reserve assets and a seasonal decline in float were the major factors draining reserves in the latest week. These reserve drains were partially offset by reductions both in the Treasury deposits with Federal Reserve Banks and currency in circulation. In addition, System Open Market operations supplied $154 million in reserves, net, on a weekly average basis. Member bank borrowings averaged $269 million and exceeded excess reserves by $94 million compared with $193 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, May 26, May 19, May 27, May 26, 1971 1970 1971 1971 (In millions of dollars) 64,764 143 + 312 - 168 +7 ,724 + 143 1/ 64,764 168 35 6 35 39 11 48 62 40 _ 664 90 66 - 443 4-6,697 -1 ,035 -+ 398 +6 ,062 1,274 -2,452 871 69,670 10,332 400 7,381 87,783 +3 ,648 36 - 220 + 68 - 127 + 26 +3 ,359 57,373 505 887 156 671 2?241 61,833 61 48 269 -2,779 851 68,949 10,332 400 7,372 87,054 57,165 502 1,045 187 677 2,225 61,800 + + 1 15 39 -- 187 - 258 - 331 --+ 18 - 313 - 101 + 3 - 203 + 25 20 + 77 - 219 + + Member bank reserves: 25,254 94 +2 ,702 25,949 With Federal Reserve Banks 4,994 43 + 215 4?994 Currency and coin - 137 30,248 +2 ,917 30,943 Total reserves held - 197 30,073 +2 ,786 30,073 Required reserves + 175 60 + 131 870 Excess reserves NOTE: A net of $65 million of surplus reserves were eligible to be carried forward from the week ended May 19, into the week ending May 26. On May 26, 1971, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $19,531 million, an increase of $626 million for the week. 1/ Includes $61 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 May 26, 1971 ASSETS Gold certificate account Special Drawing Rights certif. acctss. 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 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/LIABILITIES & CAPITAL ACCOUNTS 10,075 400 276 1,274 * (908) 62 40 Changei since May 19, May 27, 1970 1971 „— + 6 + + 71 295 3 49 + + 16 40 4- 58 39 + 226 +5,123 34,307 3,220 64,764 + 8 + 234 - 353 (3,799) 168 64,932 66,347 9,893 139 732 87,862 - 119 + 66 -1,319 1 + 46 -1,202 +2,142 + 384 +7,649 + 168 +7,817 +8,207 + 661 + 21 - 329 +7,661 (908) 50,517 + 51 +3,341 25,949 887 156 671 27,663 7,441 542 86,163 + - 71 337 39 + 25 - 280 -1,017 17 -1,263 +4,146 - 418 + 47 - 142 +3,633 + 673 58 +7,589 1/ (2,891) ,891) ,799) 723 702 274 __ — - 61 242 1 * Figures in parentheses are the eliminations made in the consoldating process 1/ Includes $61 million securities loaned—fully secure d 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 26, 1971 (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 Acceptances 54 48 — — — — 102 — 27,237 £ £ P I 2 AL ACCOUNTS Capital paid in Surplus Other capital accounts Contingent liability on acceptances purchased for foreign correspondents Within 15 days 1 16 days to 90 days 91 days to 1 year •3 Over 1 year to 5 years Over 5 years to 10 years >ars Over 10 years ^_Total 1,274 970 4- 289 39 Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Discounts and advances 1,273 - — Federal Agency obligations Holdings Weekly^ changes 3,904 - 605 12,736 + 403 17,910 + 17 23,645 + 4 5,896 + 4 880 — 64,971 177 + + 39 33 -- 10 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 26, 1971 H.4.1(b) •t Total Boston New York Philadelphia Cleveland Richmond St. Atlanta Chicago Louis Minneapolis Kansas City San Dallas Francisco (In millions of dollars) A S S E T S 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 Bonds Total bought outright Held under repurchase agreements Total 0. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS 1/ 2/ 443 10,075 Gold certificate account Special Drawing Rights certif. acct. ! ! 1 23 603 23 813 33 872 36 397 22 2,012 70 392 15 66 7 436 15 330 14 1,659 93 2,052 908 276 103 12 233 25 41 9 42 27 60 29 253 36 24 34 17 16 11 7 26 26 24 18 74 37 1,274 75 751 __ 2 57 65 210 2 JL. 3 __ 109 — — — -- __ -- --- --- — -- --- --. --- -- 40 1,406 2,086 2,021 1,368 4,444 — -- -- -- -- 987 -- 1,772 2,627 2,545 1,723 5,597 1,244 62 40 39 27,237 -34,307 3,220 V 64,764 168" 64,932 66,347 12,784 139 732 j 91,661 62 . „ "- 39 1,331 6,924 157 818 166 247 239 162 525 117 544 -_ 685 64 3,164 16,462 3,344 4,960 4,805 3,253 10,566 2,348 1,293 "" 1,676 — 8,720 — 1,037 1,267 -- -- 1,307 1,596 3,822 -4,815 123 150 452 2,467 3,013 9,089 -- 168 -- -- -- -- -- -- -- -- -- 3,164 3,239 16,630 17,522 3,344 3,344 4,960 4,962 4,805 4,862 3,253 3,318 10,566 10,776 2,348 2,350 1,293 1,293 2,467 2,470 3,013 3,013 9,089 9,198 742 2 41 2,049 678 3 35 946 16 43 961 13 39 1,344 2,160 17 56 17 83 663 13 19 497 15 12 866 18 20 806 9 26 1,072 8 285 22,267 4,736 6,882 6,872 5,443 15,176 3,485 1,908 3,877 4,240 L2,170 4,605 Includes $61 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 73 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 26, 1971 Total 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 51,425 25,949 887 156 671 27,663 10,332 Boston New York 2,878 12,266 Phila- CleveRich- Atlanta Chicago delphia land mond (In millions of dollars) St. Louis Minneapolis Kansas City San Dallas Francisco 2,997 4,164 4,570 2,523 9,014 1,978 893 1,918 1,986 6,238 7,127 1,010 1,667 1,277 1,604 3,953 4,525 41 14 1 105 8 8 54 10 1 64 23 4 515 35 4 1,458 64 8 3 76 6 3 44 9 1,723 1,398 774 555 412 4,727 803 4,044 1,777 1,166 541 1,669 1,086 4 1,515 162 20 20 1,085 851 39 5 1 896 535 1,081 135 703 624 910 881 68 7 1 957 666 1/ 42 11 624 7,928 •1,501 27 1 137 27 43 39 28 4,528 21,832 4,650 6,733 6,781 5,306 87 14,922 20 3,429 11 1,871 20 3,807 188 185 62 37 36 13 66 63 20 38 36 17 49 47 41 108 105 41 24 24 8 17 16 4 31 30 9 91,661 4,605 22,267 4,736 6,882 6,872 5,443 15,176 3,485 1,908 3,877 242 11 3/ 64 12 22 12 16 36 8 6 10 14 31 9,282 2,071 922 2,001 2,131 6,470 1,000 155 — — 5 542 89,962 723 702 274 33 33 11 25 78 4,150 11,953 40 39 11 92 88 37 4,240 12,170 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 1/ 2/ 3/ 3,097 4,324 4,696 500 300 510 530 2,840 12,600 2.900 3.900 4.250 2.900 8.450 1.98Q 25J2 2 r 07S 2,isn 7,nnn 3 , 0 9 0 13,100 3,200 4,410 4,780 2,900 9,450 2,135 950 2,075 2,185 7,000 3,025 12,982 250 After deducting $114 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $178 million participations of other Federal Reserve Banks. 2,726 —
@FedFRASER