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•;o'°iS2i*V/. •rf&LK&y FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 4, 1972 The average of daily figures for total reserves of member banks increased $153 million in the latest statement week to $32,863 million. Required reserves increased while excess reserves and member bank borrowings at the Federal Reserve Banks declined. A seasonal decline in float was the major factor absorbing reserves in the latest statement week. More than offsetting this reserve drain was a decline in the level of Treasury deposits with Federal Reserve Banks. In addition, System Open Market operations provided $3 million reserves net, on a weekly average basis. Excess reserves averaged $167 million and exceeded borrowings by $50 million compared to $22 million in 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-Bought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Loans-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 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: Averages of daily figures Week ended Change from week ended Wednesday, May 3, May 3, May 5, Apr il 26, 1972 1972 1971 1972 (Irl millions of dollars) 70,358 — + 182 +6,550 - 379 1770,482 — - 184 979 + - 25 3 + -- 83 _- + — 17 117 162 57 470 128 49 237 3,190 1,134 76,340 9,588 18 219 35 5 323 39 17 73 154 + 277 92 +7,223 -1,144 — + 628 +6,707 +3,953 - 116 +1,055 + 37 - Ill + 94 +4,913 64 217 153 287 134 +1,796 + 287 +2,083 +2,281 - 198 3,030 1,094 75,661 9,588 _ + - __ -- 400 7,954 93,603 60,668 + - 403 + + 2,090 - 191 603 + + + 2,356 66,311 - 27,293 5,570 32,863 32,696 + + + 167 - 979 979 51 -- 28 85 32 — | 400 7,967 94,295 i 60,936 405 2,687 136 560 | 2.387 67,111 27,185 5,570 32,755 32,696 59 A net of $85 million of surplus reserves were eligible to be carried forward from the week ended April 26, into the week ending May 3. On May 3, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,885 million, a decrease of $255 million for the week. 1/ Includes $63 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 3, 1972 A S S E T S Gold certificate account Special Drawing Rights certif. accts. Cash Loans Acceptances--Bought outright Held under repurchase agreements Federal Agency obligatons—Bought outright 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 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 * (1,104) 9,475 400 328 470 85 (1,104) (3,418) (4,522) -1,000 — — + 4 -1,322 + 3 - 85 979 -- — 15 30,494 + 297 +3,851 36,448 3,540 1/ 70,482 __ -- + 32 -1,996 +2,268 + 320 +6,439 -1,136 +5,303 +5,759 + 941 + 26 - 108 +5,685 + 197 -3,344 + 865 + 8 13 -2,484 + 212 + 13 -2,062 +3,388 - 521 +2,194 12 - 125 +1,536 + 687 4 +5,607 -- (4,522) mm mm + 67 - 332 + 27 81 + 979 - 137 — (3,418) Change since April 26, May 5, 1972 1971 70,482 72,016 11,918 162 972 95,271 53,588 27,105 2,687 136 560 30,488 8,808 566 93,450 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 763 742 316 Contingent liability on acceptances purchased for foreign correspondents 264 + 297 -1,076 - 779 -2,198 + 166 — 1 — • + + 65 42 40 4 27 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $63 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 3, 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 468 26 6,709 + 981 -15 16 days to 90 days 2 15,144 -1,803 112 +38 59 -+ 43 -30 91 days to 1 year 14,930 187 -— Over 1 year to 5 years 442 - 8 26,665 — — — Over 5 years to 10 years 5,804 134 __ -'-Over 10 years — 1,230 104 Total 470 -15 70,482 - 779 979 85 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 3, 1972 H.4.Hb) Boston Total New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Kansas City Minneapolis Dallas San Francisco 1,723 49 (In millions of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. 9,475 400 545 23 1,478 93 500 23 590 33 768 36 484 22 2,292 70 267 15 147 7 373 15 308 14 F.R. notes of other banks Other cash 1,104 328 134 11 227 25 119 11 53 38 79 41 250 34 50 46 17 20 13 10 36 35 40 15 470 1 446 7 1 5 : 1 3 85 -- --- 85 -- -- -- --- --- --- --- --- --- -- -_ -- 979 46 -- 244 -- 51 -- 75 -- 72 -- 53 -- 161 -- 37 -- 20 -- 39 -- 44 -- 137 -- 30,494 1,435 7,602 1,578 2,336 2,257 1,642 5,001 1,156 612 1,212 1,388 4,275 -36,448 3,540 70,482 "" 70,482 72,016 -1,716 167 3,318 -3,318 3,365 -9,086 882 17,570 -17,570 18,345 -1,886 183 3,647 -3,647 3,698 -2,792 271 5,399 -5,399 5,474 -2,698 262 5,217 -5,217 5,296 -_ 1,962 191 3,795 -3,795 3,849 -5,978 581 11,560 -11,560 11,726 -1,382 134 2,672 -2,672 2,710 -731 71 1,414 -1,414 1,435 -1,449 141 ,802 -,802 2 ,844 -1,659 161 3,208 -3,208 3,252 -5,109 496 9,880 -10,022 15,336 162 972 935 2 70 2,722 8 229 956 4 57 1,112 27 68 1,114 13 71 1,533 16 57 2,340 17 144 840 15 34 610 23 20 l ,038 17 35 942 12 42 1,194 8 145 99,793 5,085 23,127 5,368 7,395 7,418 6,245 16,685 3,918 2,265 4 ,393 4,625 13,269 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 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 "" 1/ 1/ Includes $63 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. T T 86 • 42 5 97880 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Phila- Clevedelphia land Richmond Atlanta MAY 3, 1972 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 2,907 13,455 3,197 4,400 4,871 2,740 9,423 2,149 944 2,084 2,107 6,415 27,105 1,025 2,687 1 204 6 136 560 30,488 1,235 836 12,226 6,088 541 1/ 43 502 7,174 1,890 1,116 148 7 2 1,273 1,654 162 11 2 1,829 1,289 181 7 18 1,495 656 112 3 1 1,472 179 7 2 1,660 5,328 339 16 21 5,704 909 676 772 497 1,167 168 5 2 1,342 961 4,638 316 19 4 4,977 1,908 821 185 4 1 1,011 776 1,851 152 8 5 2,016 1,337 868 736 832 54,692 566 27 139 29 43 41 34 91 21 12 22 25 82 97,972 5,005 22,658 5,275 7,233 7,316 6,127 16,399 3,857 2,225 4,316 4,528 13,033 763 742 316 34 34 12 196 193 80 39 38 16 69 68 25 40 38 24 52 50 16 118 111 57 25 25 11 17 17 6 33 32 12 42 41 14 98 95 43 99,793 5,085 23,127 5,368 7,395 7,418 6,245 16,685 3,918 2,265 4,393 4,625 13,269 264 12 11 69 14 24 14 18 39 9 6 11 14 34 974 2,147 2,270 6,789 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 57,319 3,086 1,945 150 56,900 58,845 3,000 3,150 14,239 14,450 14,450 3,320 4,572 5,012 300 350 285 3,150 3,450 4,400 4,750 4,815 5,100 1/ After deducting $ 93 million participations of other Federal Reserve Banks, 2/ After deducting $ 195 million participations of other Federal Reserve Banks. 2,995 3,100 3,100 9,684 2,231 700 155 9,300 10,000 2,130 2,285 5 1,000 1,000 2,225 2,225 2,330 2,335 7,000 7,000
@FedFRASER