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of G ovA*. '-$%&?•' FEDERAL RESERVE (Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 30, 1972 H.4.1 The average of daily figures for total reserves of member banks increased $251 million in the latest statement week to $30,745 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. An increase in float was the major factor supplying reserves in the latest statement week. This reserve gain was more than offset by an increase in currency in circulation. In addition, System Open Market operations absorbed $219 million reserves net, on a weekly average basis. Member bank borrowings averaged $572 million and exceeded excess reserves by $218 million compared to $279 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-Bought 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 o]: daily figures Week ended Change from week ended Wednesday, Nov. 29, Dec. 1, Nov. 22, Nov. 29, 1972 1972 1971 1972 (In mi Llions of dollars) 32 - 138 - 178 +1,235 - 378 1,177 + 142 + 69,468 11 - 18 60 8 , - 2 25 572 + 151 2,930 1,008 75,266 10,410 + 178 + 50 + 160 400 8,290 94,366 65,142 + + + 365 - 1,171 212 585 2,391 69,865 + + + --8 169 336 9 25 14 10 59 365 JL/2/69,161 — 929 1,177 68 -- 5 45 62 -- • 133 676 97 2,648 1,051 74,775 10,410 + - + 149 +1,597 + 278 — 400 8,279 93,864 65,289 + 704 +2,580 +4,718 92 360 - 723 + 43 - 147 + 63 +3,861 1,074 200 1 603 2,415 69,941 Member bank reserves: _ 197 23,923 -1,282 24,501 With Federal Reserve Banks + 302 5,794 5,794 Currency and coin + 448 30,167 - 530 30,745 Total reserves held 3/ + 251 30,391 - 294 + 39 30,391 Required reserves - 224 - 236 354 + 212 Excess reserves 3/ NOTE: A net of $58 million of surplus reserves were eligible to be carried forward from the week ended November 22, into the week ending November 29. On November 29, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,476 million, a decrease of $576 million for the week. 1/ Excludes $340 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $44 million securities loaned--fully secured by U.S. Government "" securities pledged with Federal Reserve Banks. 3/ Adjusted to include $450 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 (Philadelphia and Richmond Districts). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Nov. 29, Nov. 22, Dec. 1, 1972 ** 1972 1971 A S S E T S -10, 303 Gold certificate account + 428 -— 400 Special Drawing Rights certif. accts. 66 320 8 Cash + ( 893) 676 Loans + 422 + 610 _Acceptances--Bought outright 6 62 + -— 54 Held under repurchase agreements — 177 Federal Agency obligations —Bought outright + 837 --76 Held under repurchase agreements U. S. Government securities: . 469 • 446 882 Bought outright—Bills Certificates 36,681 +1,215 Notes + 328 Bonds 3 ,598 +1,074 69 ,161 Total bought outright 1/ 2 / - 446 Held under repurchase agreements -- 224 69,161 Total U.S. Government securities - 670 +1,074 71,076 Total loans and securities - 378 +2,527 (1,901) 8,374 Cash items in process of collection -1,033 -2,853 Bank premises + 20 169 + 1 + 72 Other assets _3/ 882 + 69 TOTAL ASSETS 257 •1,346 (2,794) 91,524 H.4.1(a) 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 ( 893) 57,583 23,843 1,074 200 603 25,720 5,806 574 12 (2,794) 89,683 -1,410 - 170 + + + 51 40 787 742 312 Contingent liability on acceptances purchased for foreign correspondents 201 2/ 1/ 5 + 38 -1,295 - 262 +4,152 + 307 -1,493 + 72 - 114 -1,228 -2,729 (1,901) £ A 1 I ! £ L A C C O U N T S Capital paid in Surplus Other capital accounts * 1/ + 159 -1,413 + 85 4 — + 60 25 4 56 Figures in parentheses are the eliminations made in the consolidating process. Excludes $340 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $44 million securites loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Philadelphia and Richmond Districts^. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 29, 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 3,823 -735 15 -62 Within 15 days 672 14 16,869 + 57 47 17 + 3 16 days to 90 days 4 + 8 16,331 124 -17 91 days to 1 year — 24,484 622 Over 1 year to 5 years — 6,108 238 Over 5 years to 10 years — 1,546 Over 10 years " 162 62 69,161 Total 676 -670 -76 1,177 H.4.Ub) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 29, 1972 — • — — — — — — • Total Boston New York Phila-* delphia Cleveland Rich-* mond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (1n millionis of dollars) A S S E T S i 584 23 2,522 515 33 905 36 599 22 70 241 15 95 7 212 15 369 14 1,753 93 780 23 1,728 400 F.R. notes of other banks Other cash 893 320 146 15 166 17 25 11 34 39 79 38 160 40 57 41 22 20 19 6 46 41 43 15 96 37 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 676 8 367 7 55 11 14 131 52 3 20 8 -- 62 -- --- 62 — — — — — — — — — — — --- — — -— -— --- 1,177 53 — 296 -- 64 -- 91 — 88 — 62 — 188 -- 45 -- 23 -- 48 -- 53 — 166 -- 28,882 1,313 7,258 1,565 2,244 2,155 1,519 4,611 1,103 564 1,177 1,293 4,080 "" -- -- -- -- -- -- -- -- -- 9,217 1,988 •2,851 -- 36,681 1 1,666 163 3,598 3,142 69,161 .-— 3,142 69,161 3,203 71,076 2,737 1,929 5,857 1,400 1,496 1,642 5,182 147 161 508 2,820 3,096 9,770 10,303 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS — 1/2/ 904 195 280 269 189 575 137 -716 70 17,379 3,748 5,375 5,161 3,637 11,043 2,640 1,350 -- -- -- 3,748 3,819 5,375 5,521 5,161 5,260 3,637 3,713 11,043 11,362 2,640 2,737 1.350 1,376 _- — — — — 17,379 18,104 426 2 67 2,065 643 28 65 964 13 59 1,523 8 214 451 4 46 1,093 169 882 15 42 17 120 475 15 28 395 29 21 94,318 4,466 23,189 5,159 6,878 7,354 5,684 14,918 3,553 1,948 10,275 1/ 2/ Excludes $340 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $44 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks, 3/ * Includes assets denominated in foreign currencies. Estimated (Philadelphia and Richmond Districts). — 2,820 2,888 647 18 31 _ 3,898 49 -- -- 3,096 3,157 9,770 9,936 589 12 1,004 37 4,236 8 152 13,035 H.4.1(c) 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 Totals 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 act:eptances purchased for fore:Lgn correspondents STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 29, 1972 Total Boston 58,476 3,048 23,843 1,074 200 603 25,720 7,707 900 36 8 2 946 367 574 92,477 New York RichPhila- CleveAtlanta Chicago mond delphia land * * (In millions of dollars) St. MinneLouis apolis Kansas City San Dallas Francisco 3,561 4,672 5,165 3,007 9,867 2,262 1,003 2,268 2,228 6,867 6,118 1,121 52 171 1/ 63 10 546 5 6,898 1,188 1,145 287 1,312 65 17 -1,394 604 1,068 158 10 13 1,249 799 1,616 80 13 6 1,715 803 3,279 115 27 7 3,428 1,244 767 45 6 2 820 387 446 55 4 3 508 382 919 79 8 2 1,008 522 1,350 94 10 2 1,456 429 4,947 124 24 15 5,110 738 26 4,387 140 22,711 30 5,066 45 6,715 42 7,255 17 5,562 89 14,628 21 3,490 14 1,907 23 3,821 25 4,138 82 12,797 787 742 312 33 34 12 205 193 80 40 38 15 71 68 24 41 38 20 55 50 17 122 111 57 27 25 11 18 17 6 33 32 12 43 41 14 99 95 44 94,318 4,466 23,189 5,159 6,878 7,354 5,684 14,918^ _ 3 J 1 5 3 _ 1,948 3,898 4,236 13,035 201 9 11 18 11 14 7 5 8 11 26 1,036 2,347 2,377 7,255 1,060 1,060 2^400 2,430 2,400 2,435 7^400 7,400 14,528 2/ 51 30 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,197 15,155 3,663 4,820 5,312 250 -- 200 350 375 3,000 3,250 15,250 15,250 3,650 3,850 4,550 4,900 4,990 5,365 1/ After deducting $137 million participations of other Federal Reserve Banks. 2/ * After deducting $150 million participations of other Federal Reserve Banks. Estimated (Philadelphia and Richmond Districts). 3,242 — 3,500 3,500 10,111 2,372 700 155 9,500 10,200 2,280 2,435
@FedFRASER