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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release October 12, 1972 H.4.1 The average of daily figures for total reserves of member banks declined $26 million in the latest week to $33,744 million. Required reserves declined while excess reserves and member bank borrowings at Federal Reserve Banks increased. A seasonal increase in currency in circulation and an increase in Treasury deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest statement week. Partially offsetting this reserve drain was an increase in float. In addition, System Open Market operations provided $337 million reserves net, on a weekly average basis through outright purchases of Treasury bills and coupon issues. Member bank borrowings averaged $535 million and exceeded excess reserves by $162 million compared to $170 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 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, Oct. 11, * Oct . 4, 1 Oct. 13, Oct. 11, * 1972 1972 1 1971 1972 (Irl millions c>f dollars) 70,526 115 + 620 1,022 20 11 7 + + 926 6 1,022 -- 70 25 7 3 + + 16 14 69 — 535 97 86 387 3,722 1,120 77,155 10,410 400 8,222 96,187 63,332 357 1,517 192 664 2,333 68,395 + 224 + 52 + 709 + + + — -24 732 575 1 211 __ 1 55 843 + 919 + 49 +5,019 + 278 -+ 697 +5,994 +4,016 - 102 - 576 + 58 99 - 46 +3,251 3,631 1,194 76,829 10,410 400 8,228 95,867 63,772 361 1,464 213 574 2,264 68,648 27,792 5,952 33,744 33,371 373 - 111 + 85 - 26 - 131 + 105 +2,742 + 300 +3,042 +2,718 + 324 27,219 5,952 33,171 33,371 - 200 - 269 + + + + + +2,960 + 43 1/ 70,526 — 1 A net of $107 million of surplus reserves were eligible to be carried forward from the week ended October 4, into the week ending October 11. On October 11, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,185 million, an increase of $106 million for the week. 1/ Includes $75 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Estimated (San Francisco District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Oct. 13, Oct. 4, Oct. 11, 1972 1972 1971 ASSETS — 0,303 Gold certificate account + 428 --400 Special Drawing Rights certif. accts. + 30 334 (960) 3 Cash - 707 - 646 387 Loans Acceptances--Bought outright + 3 + 16 69 — - 111 75 Held under repurchase agreements — + 926 1,022 Federal Agency obligations—Bought outright .._ 94 98 Held under repurchase agreements U. S. Government securities: 30,196 + 442 + 612 Bought outright—Bills Certificates 36,732 +2,013 Notes + 29 + 335 Bonds 3,598 + 87 Total bought outright +2,960 70,526 1/ + 558 Held under repurchase agreements - 504 -1,175 Total U.S. Government securities 70,526 - 617 +2,456 Total loans and securities 72,004 -1,526 +2,579 Cash items in process of collection + 750 (3,209) 12,227 - 281 Bank premises + 1 168 + 18 Other assets 2/ + 103 1JJ26 + 67 TOTAL ASSETS (4,169) 96,462 -1,706 +3,872 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 (960) 56,132 27,139 1,464 213 574 29,390 8,676 + 665 -2,375 + 195 + 43 90 -2,227 +3,581 +1,256 - 677 + 67 - 162 + 484 - 224 588 71 2 94,786 -1,635 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 779 742 155 -- 71 2 Contingent liability on acceptances purchased for foreign correspondents 241 12 11 1/ 11 (3,209) (4,169) 53 +3,788 + + 46 40 Figures in parentheses are the eliminations made in the consolidating process. Includes $75 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 11. 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 U. S. Government Accept obligations securities Loans -ances Holdings Weekly Holdings Weekly Changes changes 4,135 -1,360 12 2 Within 15 days 378 •92 15,432 + 332 23 16 days to 90 days 9 57 • 2 18,410 + 337 128 91 days to 1 year + 36 24,895 524 Over 1 year to 5 years 6,108 + 6 197 Over 5 years to 10 years 1,546 + 32 148 Over 10 years — 69 Total 387 70,526 - 617 1,022 •94 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 11, 1972 H.4.Hb) Total Boston Philadelphia New York Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San ** Francisco (In millions of dollars) A S S E T S 10,303 400 507 23 3,345 93 712 23 796 33 802 36 347 22 1,608 70 389 15 89 7 260 15 142 14 1,306 49 F.R. notes of other banks Other cash 960 334 180 18 184 23 25 13 38 39 84 39 152 37 45 43 17 18 24 8 69 41 39 16 103 39 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 Tota1 loans and securities 387 10 269 -- ' 51 19 2 8 24 __ 69 -- --- 69 -- -— -- -- --- --- -- --- --- -— _-- 1,022 -- 45 -- 260 — 55 -- 80 -- 77 -- 54 -- 165 -- 39 -- 20 -- 42 -- 47 -- 138 -- 30,196 1,342 7,689 1,641 2,351 2,268 1,590 4,885 1,140 586 1,238 1,387 4,079 -36,732 3,598 70,526 -70,526 72,004 -1,633 160 3,135 -3,135 3,190 -9,353 916 17,958 -17,958 18,556 -1,996 196 3,833 -3,833 3,888 -2,859 280 5,490 -5,490 5,574 -2,760 270 5,298 -5,298 5,375 -1,934 189 3,713 -3,713 3,818 -_ 5,943 582 11,410 -11,410 11,594 -1,387 136 2,663 -2,663 . 2,702 -1,507 148 2,893 -2,893 2,943 --_ 1,686 4,962 486 165 3,238 9,527 ... -J, 238 ~~~ 9,527 3,309 9,665 15,436 168 1,026 860 2 72 2,641 8 244 967 4 62 1,109 28 72 1,296 13 84 1,451 16 51 2,318 17 145 735 15 35 618 28 22 100,631 4,852 25,094 5,694 7,689 7,729 5,894 15,840 3,926 o ,186 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS 1/ 2/ * ** ! \J Includes $75 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks, Includes assets denominated in foreign currencies. Less then $500,000. Estimated (San Francisco District). -712 70 ,368 — -~,368 ~~" 1 ,390 r 1,105 17 38 4,488 954 12 58 1,382 8 143 4,544 12,695 ~ H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 11, 1972 Total Boston New York Phila- Cleve-. delphia land RichAtlanta mond Chicago St. Louis Minneapolis Kansas City San* Dallas Francisco (In millions of dollars0 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 foreign c orre spondents 57,092 2,983 14,162 3,365 4,547 5,051 2,868 9,718 2,210 988 2,230 2,199 6,771 27,139 1,464 213 574 29,390 11,885 843 71 9 1 924 847 7,735 247 1/ 68 516 8,566 1,793 1,275 92 10 2 1,379 835 1,834 90 18 — 1,942 1,005 1,319 182 10 18 1,529 1,016 1,737 140 13 5 1,895 978 3,775 143 29 4 3,951 1,820 928 68 7 — 1,003 635 611 71 5 1 688 459 1,155 77 8 2 1,242 922 1,425 44 11 3 1,483 745 4,502 239 25 22 4,788 830 588 98,955 27 4,781 144 24,665 31 5,610 46 7,540 42 7,638 41 5,782 92 15,581 22 3,870 13 2,148 24 4,418 27 4,454 79 12,468 779 742 155 33 34 4 201 193 35 39 38 7 71 68 10 41 38 12 54 50 8 121 111 27 26 25 5 18 17 3 33 32 5 43 41 6 99 95 33 100,631 4,852 25,094 5,694 7,689 7,729 5,894 3,926 _2,186 4,488 241 11 2/ 62 13 22 13 16 _ ls^a^o^ 3 6 _ -_- .„-_*L _ 6=_„ _ 1 0 _ = 4,544 12,695 13 31 2,315 7,166 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 59,373 3,172 2,105 250 58,625 60,730 2,960 3,210 14,766 15,050 15,050 3,429 4,719 5,179 300 350 345 3,250 3,550 4,550 4,900 4,915 5,260 1/ After deducting $145 million participations of other Federal Reserve Banks. 2_/ * After deducting $179 million participations of other Federal Reserve Banks. Estimated (San Francisco District). 3,093 3,150 3,150 9,913 2,304 700 155 9,300 10,000 2,230 2,385 1,020 2,297 5 1,040 1,040 2,400 2,400 2,380 2,385 7,400 7,400
@FedFRASER