The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
;qjGow" •f^ALRfc^ FEDERAL RESERVE Factors Affecting lank Rtstrves and Condition Statonitnt of F.R. Banks H.4.1 For immediate release November 27, 1970 The average of daily figures of total reserves of member bank decreased $409 million to $28,403 million in the latest week. Required reserves and excess reserves both declined while member bank borrowings at Federal Reserve Banks increased. A seasonal rise in float and a decrease in Treasury deposits with Federal Reserve Banks were the major factors supplying reserves in this latest statement week. These reserve'gains were offset by a sizeable decline in other F.R. assets. In addition, System Open Market operations absorbed $247 million in reserves net, on a weekly average basis. Member bank borrowings averaged $435 million about equal to the average of previous recent weeks, and exceeded excess reserves by $327 million compared with the unrevised figure of $127 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 obligationsHeld 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 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves Averages of daily figures Week ended Change from week ended Wednesday, Nov. 25, Nov. 18, Nov. 26, Nov. 25,^ 1970 197Q 1969 1970 " (In millions of dollars) 60, 350 90 407 500 +3,441 + 90 1/60, 494 629 12 107 12 86 11 4 36 27 - 775 1,144 + 37 4 435 + 1 48 + 103 3,210 1,013 65,151 11,117 + 261 - 369 - 252 - — — 400 7,105 83,773 56,040 456 747 135 681 2,208 + - + + - +_ 60,267 23,507 4,896 6 246 79 5 152 18 35 63 59 - 185 224 + + 493 1 2,536 -1,013 1,037 +2,241 65,989 + 750 11,117 + 400 400 + 286 7,106 +3,678 84,612 +3,353 56,333 - 205 453 - 271 805 + 13 117 662 + 245 + 70 2,236 60,606 +3,205 + + + + 474 328 802 832 30 24,006 4,896 - 409 28,403 28,902 - 312 28 ,295 28,295 97 108 607 NOTE A net of $132 million of surplus reserves were eligible to be carried forward from the week ended November 18, into the week ending November 25. On November 25, 1970, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $10,814 million an increase of $167 million for the week. 1/ Includes $35 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Estimated. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions o f dollars) Changei since Wednesday Nov. 26, Nov. 18, Nov. 25, 1969 1970 1970 ** A S S E T S «... «* + 791 10,827 Gold certificate account -«. + 400 400 Special Drawing Rights certify accts. * + 92 6 217 Cash " (710) 2 + 819 1,144 Discounts and advances Acceptances: -« 14 36 Bought outright• 27 44 27 Held under repurchase agreements Federal Agency obligations-86 67 86 Held under repurchase agreements U. S. Government securities: B o u g h t .; < 11 r f gh t - n +3,028 I- 241 24,848 1 11 s Cert i f i -rates +1,472 + 106 32 ,864 Notes - "714 + 50 2 ,782 Bonds +3,786 + 397 Tota1 bought outright 1/ 60 ,494 + 629 + 165 629 Held under repurchase agreements +4,415 + 562 ,123 61 Total U. S. Government securities +4,512 +1,270 Total loans and securities 62 ,416 + 449 -2,110 (2,697) 9 ,872 Cash items in process of collection + 14 Bank premises 127 - 996 910 -r 18 Other assets _2/ +5,262 - 328 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3 ,407) .769 H.4.1(a) liiii I I L i l l y s . Federal Reserve notes Deposits: Memb er b ank r e ser ve s r . : "r e .jsurer- ~ g e n e r a l (710) 49,607 24,006 account Or her "i ' 'i oia ; depos its Deferred -r/nilability cash items Other iiijilities and accrued dividends TOTAL LIABILITIES t- 805 117 (2,697) (3,407) 662 25,590 7,336 607 83,140 252 4-2, 95b 286 32 7 +1,833 :., ,< - 41 206 -1 ,360 4 _|_ 898 •+- K -+• J. J 0 -t-i, 0 2 8 -*- 20(< + +-5,?0: C /- ^ 2 L * L A £ £ 0 U N T S 693 1 id in Capi ta 1 669 -Surplus 267 69 Other _ i p i t a L accounts CoriL i.:'.;i«:-n*. liability on acceptances purchased + 246 for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process ** Estimated, 1/ locludes $35 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 25, 1970 (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 Holdings advances Acceptances Weekly changes -188 3,877 Within 15 days 1,142 35 +300 10 '723 16 days to 90 days 2 28 +264 21 ,331 91 days to 1 year + 80 18 ( 724 Over 1 year to 5 years + 23 5 ,933 Over 5 years to 10 years + 16 Over 10 years 621 Total 1.144 63 61,209 4495 1,144 27 39 5 100 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 25, 1970 Total Boston New York PhilaCleve- RichAtlanta Chicago delphia land * mond St. Louis Minneapolis Kansas City San Francisco Dallas (In millions of dollars) ASSETS 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 obligationsHeld 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 10,827 400 664 23 1,628 93 686 23 1,059 33 1,034 36 685 22 2,063 70 453 15 173 7 398 15 628 14 1,356 49 710 217 95 10 132 22 39 10 26 24 46 14 183 29 28 30 17 11 27 7 29 16 18 14 70 30 1,144 15 647 1 — 14 — 450 1 2 12 --- 36 27 -~ -- -— --- --- --- -— -— — -- 36 27 86 2 -— -— -- 86 24,848 1,250 6,273 1,284 1,934 1,883 1 ,266 32,864 2,782 60,494 2/ 629 61,123 62,416 1,654 140 3,044 -3,044 3,059 8,297 702 15,272 629 15,901 16,697 1,699 144 3,127 -3,127 3,128 2,558 217 4,709 -4,709 4,709 2,491 211 4,585 -4,585 4,599 1 ,675 142 ~~T,083 -,083 "~T 3 ,083 12,569 127 910 696 2,343 2 8 372 47_ 660 2 35 898 12 59 946 11 52 1 ,209 17 40 2,082 17 107 88,176 4,596 21,295 4,583 6,820 6,738 5 ,268 14,592 904 486 967 1,089 3,509 5,294 1 ,195 448 101 9,745~~2 ,200 — — 9,745~1 ,200 10,195 2 ,201 642 54 1,182 -1,182 1,184 1 ,278 108 2 ,353 — 2 ,353 2 ,365 1,440 122 2,651 — 2,651 2,651 4,641 393 8,543 — 8,543 8,545 630 12 25 490 11 15 826 18 28 3 ,364 1,914 3 ,695 4,003 1' Includes £35 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. , — * Estimated ** Less than $500,000. j * 743 8 37. 4,113 1,046 9 93 11,198 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 25, 1970 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 accrvled 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 Boston New York Rich- Atlanta Chicago Phila- CleveSt. Minnedelphia land* mond Louis apolis (In millions of dollars) Kansas City San Dallas Francisco 50,317 2,851 11,885 2,877 4,124 4,519 2,558 8,847 1,902 862 1,848 1,881 6,163 24,006 805 117 662 25,590 10,033 940 35 5 1 981 658 6,486 87 1/ 33 7/618 7,224 1,593 1,032 51 6 2 1,091 502 1,706 51 10 1 1,768 737 1,206 83 6 10 1,305 781 1,467 3,642 94 73 7 17 1 6 1,569 3,738 1,007 1,666 802 72 4 2 880 505 547 28 3 1 579 424 978 1,499 80 27 5 6 2 1 1,065 1,533 692 585 3,701 124 15 17 3,857 883 607 86,547 29 4,519 162 20,864 30 4,500 48 6,677 44 6,649 31 96 5,165 14,347 21 3,308 13 1,878 23 26 3,628 4,025 84 10,987 693 669 267 33 32 12 184 177 70 35 34 14 62 60 21 35 34 20 102 99 44 24 23 9 16 15 5 88,176 4,596 21,295 4,583 6,820 6,738 5,268 14,592 3,364 1,914 246 12 3/ 65 22 13 _ 13_ 46 43 14 16 36 8_ 1 29 28 10 39 37 12 88 87 36 3,695 4,113 11,198 10 14 32 900 1,927 2,003 6,487 915 915 1,975 2,080 1,975 2,085 6.750 6,750 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 1/ 2/ 3/ 2,969 12,406 2,934 250 500 300 2,770 3,020 12,200 12,700 2,800 3,100 4,273 4,627 510 3,900 4,075 4,410 4,685 After deducting $ 84 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $181 million participations of other Federal Reserve Banks. 610 2,733 — 2,900 2,900 9,132 1,996 1,000 155 8,250 9,250 1,930 2,085 * Estimated. ** Less than $500,000.
@FedFRASER