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FEDERAL RESERVE '°f*Au&?y Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 9, 1972 H.4.1 The average of daily figures for total reserves of member banks declined $90 million in the latest statement week to $33,683 million. Required reserves and member bank borrowings at Federal Reserve Banks increased while excess reserves declined. A more than seasonal decline in float and increases in Treasury deposits with Federal Reserve Banks and currency in circulation were the major factors absorbing reserves in the latest statement week. System Open Market operations supplied $600 million reserves net, on a weekly average basis, through repurchase agreements. Member bank borrowings averaged $958 million and exceeded excess reserves by $852 million compared to $289 million for 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 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: Averages of daily ifigures Week ended Change from week ended Wednesday, Nov. 1, Nov . 10, Nov. 8, Nov. 8, 1972 * 1972 1972 * 1971 (IrI millions of dollars) 70,094 598 - 52 +563 +3 ,070 + 457 1/ 70,094 1,243 1,011 32 - 8 + 32 + 880 + 21 1,011 52 71 75 + 1 + 64 + + 958 +402 + 836 1,470 3,690 1,348 77,878 10,410 400 8,268 96,956 63,795 381 1,717 187 626 2,488 69,194 -622 + 30 +410 — — + 16 +426 +339 + 13 +141 + 3 + 18 + 74 +589 + 585 + 108 3,536 1,399 78,982 10,410 400 8,271 98,063 64,299 394 1,044 256 668 2,415 69,076 27,762 5,921 33,683 33,577 106 -163 + 73 - 90 + 71 -161 18 56 66 ! +6 ,031 + 278 — + 711 +7 ,020 +4 ,201 - 98 + 119 + 68 84 + 66 +4 ,272 +2 ,748 + 355 +3 ,103 +3 ,007 + 96 1 in 28,986 5,921 34,907 33,577 1,330 A net of $127 million of surplus reserves were eligible to be carried forward from the week ended November 1, into the week ending November 8. On November 8, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,663 million, an increase of $558 million for the week. 1/ Includes $74 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. * Estimated (Cleveland District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Nov 8 . 1Q7? 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 obligations—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 * 936) 10,303 400 330 1,470 66 111 Change since Nov. 10, Nov. 1, 1972 1971 + -- 3 + 903 3 + 35 + 62 +1,275 + 9 + 111 + 832 + 52 - -- 1,011 52 + 48 981 29,764 36,732 3.598 70,094 1/ 1,243 71,337 74,047 (3,274) 11,973 428 -- --_ -- +1,000 +1,000 +1,983 - 794 167 -- 1,232 (4,210) 98,452 + 26 +1,212 936) 56,646 28,906 1,044 + 662 +1,332 - 553 + 96 "+ 14 + 889 - 287 +2,013 + 335 +3,329 +1,243 +47572 +6,851 +1,104 + 19 + 91 +8,555 LI A 1 I t I I IE £ 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 ( 256 668 30,874 8,517 605 (4,210) 96,642 (3,274) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 782 742 286 Contingent liability on acceptances purchased for foreign correspondents 218 * 1/ ~~ 2/ ** -- +1,264 mt— -- 52 +3,790 +4,584 - 367 + 119 46 +4,290 + 503 + 15 +8,598 + + - 47 40 130 39 Figures in parentheses are the eliminations made in the consolidating process, Includes $74 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 8, 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 4,171 - 376 +48 1,462 52 130 16 days to 90 days +2,144 16,853 14 47 8 91 days to 1 year -- 768 128 17,764 Over 1 year to 5 years --24,895 540 Over 5 years to 10 years --6,108 181 Over 10 years -1,546 148 — Total 1,063 71,337 +1,000 1,470 +48 177 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 8, 1972 1 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis (In millions of dollars) Kansas City Da lias San Francisco : A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash 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/ 2/ ** ; ! 728 23 483 33 861 36 378 22 2,524 183 19 21 1 9 50 39 79 38 140 39 47 42 45 624 31 30 33 105 252 -. -- 66 111 --- --- --- --- --- 52 46 -- 254 52 55 -- 79 -- 75 -- 53 -- 161 -- 29,764 1,352 7,479 1,613 2,313 2,221 1,565 4,752 10,303 400 577 23 2,377 936 330 179 16 1,470 66 in 1,011 J7 70 367 15 22 7 298 15 63 14 1,625 .,.- 57 43 48 5 95 40 100 164 79 .„ 1 49 -- -- --- -- 39 -- 20 -- 41 -- 45 -- 143 -- 1,136 581 1,214 1 ,333 4,205 -1,498 -1 ,644 161 5,189 2,859 ~T,138 9,902 __ -- -- -- -- -_ -« 9,230 1,991 2,854 2,741 1,932 5,865 1,402 „- -- 163 904 195 280 269 189 575 137 -717 70 3,184 3,799 5,447 5,231 3,686 11,192 2,675 1,368 -- -- -- -- -- -- __ -- 3,184 3,275 17,613 1,243 18,856 19,963 3,799 3,885 5,447 5,556 5,231 5,339 3,686 3,844 11,192 11,605 2,675 2,714 1,368 1,395 2,859 3,000 __ _ ,138 3 ,347 15,247 1,011 2,241 1,026 1,153 1,207 1,656 2,486 1,232 2 84 8 304 4 86 28 89 13 87 15 64 17 180 707 15 43 697 28 27 930 17 47 882 12 53 1,251 167 102,662 5,167 25,188 5,785 7,431 7,660 6,158 16,971 3,898 2,203 4,407 4 ,434 13,360 -i 93 36,732 3,598 70,094 1,243 71,337 74,047 -1,669 -- Includes $74 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Cleveland District) 147 *Less than $500,000. 508 -" 9,902""""""" 10,124 8 168 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 8, 1972 New Total Boston York Phila- Clevedelphia land RichAtlanta mond MinneSt. Chicago Louis apolis 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 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 57,582 2,991 14,322 3,461 4,554 5,115 2,933 9,756 2,233 992 2,245 2,199 6,781 28,906 1,044 256 668 30,874 11,791 1,318 -10 -1,328 750 7,463 303 1/100 560 8,426 1,781 1,248 70 11 6 1,335 859 1,605 42 19 -1,666 996 1,373 158 11 17 1,559 855 1,831 6 14 6 1,857 1,222 4,486 141 31 11 4,669 2,148 867 115 7 1 990 588 619 42 5 3 669 490 1,236 58 9 2 1,305 764 1,493 32 12 4 1,541 579 5,367 77 27 58 5,529 759 605 100,852 28 5,097 31 160 24,689 5,686 46 7,262 43 7,572 35 6,047 93 16,666 22 3,833 15 2,166 24 4,338 26 4,345 82 13,151 782 742 286 33 34 3 201 193 105 40 38 21 71 68 30 41 38 9 54 50 7 123 111 71 26 25 14 18 17 2 33 32 4 43 41 5 99 95 15 102,662 .._5,167._ 25,188 5,785 7,431 7,660 6,158 2/ 57 11 20 11 15 218 10 J6,921__„3,8_98_ 2,203 _4,_407_ _.4j434 13,360 33 5 9 12 28 1,018 2,322 2,338 7,189 7 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 59,936 3,188 2,135 250 59,065 61,200 2,960 3,210 14,946 15,050 15,050 3,524 4,719 5,265 300 350 375 3,350 3,650 4,550 4,900 4,955 5,330 \_l After deducting $156 million participations of other Federal Reserve Banks, 2/ After deducting $161 million participations of other Federal Reserve Banks. 3,138 3,250 3,250 * 9,961 2,328 700 155 9,500 10,200 2,230 2,385 5 1,040 1,040 2,400 2,400 Estimated (Cleveland District). 2,380 2,385 7,400 7,400
@FedFRASER