The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
O f GOV/- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release October 5, 1972 H.4.1 The average, of daily figures for total reserves increased $749 million in the latest week to $33,770 million. Required reserves and excess reserves increased while member bank borrowings at Federal Reserve Banks declined. A seasonal decline in float was the major factor absorbing reserves in the latest statement week. Offsetting this reserve drain was a decline in Treasury deposits with Federal Reserve Banks, In addition, System Open Market operations provided $993 million reserves net, on a weekly average basis through outright purchases of Treasury bills and repurchase agreements. Member bank borrowings averaged $438 million and exceeded excess reserves by $170 million compared to $544 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 o f daily f igures Week ended Change from wee]c ended Wednesday, Oct. 4, .,. Sept. 27, | Oct . 6, Oct. 4, ^ 1972 1972 1972 J 1971 (Irl mi11ions of do]Liars) +2 ,340 13 + 1/69,968 1,175 69,906 384 + + 558 384 1,033 27 + 8 27 + - 942 24 1,022 94 63 28 + + 4 28 + - 12 12 66 111 113 + 129 1,094 + 778 + 61 +4 ,241 + 278 — + 668 +5 ,188 +3 ,932 - 110 - 842 + 9 - 102 - 120 +2 ,767 3,841 1,090 78,461 10,410 400 8,200 97,471 63,065 373 1,269 170 664 2,337 67,878 +2 ,420 + 357 +2 ,777 +2 ,723 + 54 29,594 5,867 35,461 33,502 1,959 438 « + + 3,498 1,068 76,446 10,410 400 8,198 95,455 62,757 356 1,306 192 663 2,278 67,552 + + + + + + - 317 86 651 — — 2 654 87 20 305 6 74 61 69 27,903 5,867 33,770 33,502 268 + + + + + 722 27 749 488 261 A net of $44 million of surplus reserves were eligible to be carried forward from the week ended September 27, into the week ending October 4. On October 4, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,079 million, an increase of $300 million for the week. \j Includes $31 million Securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. v Estimated (New York District). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BAN*as (In millions of d o l l a r s ) Change s i n c e Wednesday Se spt. 27, O c t . 6, 0c 1972 1971 7 A S S E T S —— + 428 10,303 Gold certificate account * — — 400 Special Drawing Rights certif. accts. + 28 2 Cash (1 ,147) 337 + + 902 252 1,094 Loans + + 13 6 66 Acceptances--Bought outright + + 76 111 + 111 Held under repurchase agreements + 926 1,022 19 Federal Agency obligations—Bought outright + 59 94 Held under repurchase agreements + 94 U. S. Government securities: 29,754 + 170 991 Bought outright—Bills Certificates +1,984 36,703 Notes + 248 3,511 Bonds +2,402 69,968 + 991 Total bought outright 1/ + 857 1,175 Held under repurchase agreements +1J.75 +2,166 +3,259 71,143 Total U.S. Government securities 73,530 +2,610 +5,235 Total loans and securities + 541 +1,363 12,508 Cash items in process of collection (31,331) 3 + 18 + 1 167 Bank premises + 26 + 23 923 Other assets 2/ +7,098 (4,478) 98,168 +3,177 TOTAL ASSETS H.4.1(a) h f' L I A B I L I T I E S 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 £A£IZALL (1,147) (3,331) (4,478) 55,467 29,514 1,269 170 664 31,617 8,747 590 96,421 ^£2n!i Capital paid in Surplus Other capital accounts 779 742 226 Contingent liability on acceptances purchased for foreign correspondents 253 * 1/ 7J ** + 313 +2 ,906 - 593 13 4 + +2 ,304 + 438 + 57 +3 ,112 _. f- 1 — 64 +3,288 +4,280 - 719 + 5 55 +3,511 + 381 26 +7,154 + + - 46 40 142 10 Figures in parentheses are the eliminations made in the consolidating process. Includes $31 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (New York District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 4, 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 \ 089 +1,262 25 5,495 94 +74 16 days to 90 days 5 52 15,100 + 717 + 1 25 91 days to 1 year -128 18,073 + 187 + 1 Over 1 year to 5 years -_ — 524 24,859 - 1 Over 5 years to 10 years — 6,102 -— 197 Over 10 years --1,514 -148 -Total 1,094 177 +2,166 1,116 71,143 +75 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 4, 1972 H.4.Ub) Total Boston New York * Philadelphia Cleveland Richmond Atlanta 0".n millions Chicago St. Louis Minneapolis Kansas City Dallas San Francisco of dollars) A S. S E T S. Gold certificate account Special Drawing Rights certif. acct. 10,303 400 541 23 979' 518 23 706 33 814 36 591 22 2,226 70 309 15 210 7 492 15 426 14 2,491 93 49 F.R. notes of other banks Other cash 1,147 337 203 19 221 25 52 13 50 39 103 39 169 36 47 44 26 19 31 8 74 40 48 15 123 40 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 1,094 33 335 39 38 103 34 301 24 2 44 115 26 66 111 --- 66 111 -— — -- — -- -— -— — -- --- — -- -— -— 1,022 45 260 94 55 — 80 -- 77 — 54 -- 165 -- 39 -- 20 -- 42 -- 47 — 138 -- 29,754 1,323 7,576 1,617 2,316 2,235 1,567 4,814 1,124 577 1,220 1 ,366 4,019 36,703 3,511 69,968 1,175 71,143 73,530 1,631 9,346 1,994 2,857 2,757 1,933 5,938 1,386 4,958 894 191 273 264 185 568 133 712 68 1,506 156 3,110 17,816 1,175 18,991 19,857 3,802 5,446 5,256 3,685 11,320 2,643 1,357 2,870 Cash items in process of collection Bank premises Other assets TOTAL ASSETS jV 2/ * 94 1/ — 3,802 3,896 -- -- -- -- -_ 5,564 5,256 5,436 3,685 3,773 11,320 11,786 2,643 2,706 1,357 1,379 2,870 2,956 ... 5,446 — -" 9,451 9,615 925 2 71 2,715 912 4 57 1,143 1,318 1,604 2,665 28 67 13 67 16 46 17 133 740 15 31 671 28 20 974 17 34 960 12 40 1,212 8 228 102,646 4,972 24,126 5,475 7,630 7,826 6,257 16,988 3,861 2,354 4,602 4 ,889 13,666 Includes $31 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (New York District). 474 9,451 167 923 15,839 2/ 1 -3,110 3,188 1 ,685 161 3*,212 -_ ,212 3 ,374 144 7 129 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 4, 1972 Total Boston New* York Phila- Clevedelphia land Richmond St. Atlanta Chicago 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 forei-gn correspondents 56,614 2,960 14,071 3,337 4,509 5,016 2,820 9,628 2,189 979 2,211 2,179 6,715 ' 29.514 1,269 1.030 6.726 1.229 1.823 1.391 1.941 4.891 5.732 69 9 3 102 15 1 246 9 20 71 11 5 47 24 5 99 7 2 57 9 4 80 21 21 1,310 1,941 2,028 1,256 4,967 2,030 1,864 5,854 979 1,666 1,006 1,472 711 701 48 4 1 754 569 1.794 263 892 114 6 2 1.364 73 7 1 822 727 794 170 664 31,617 12,078 1,111 799 1/ 48 599 7,636 1,808 1,014 577 590 27 158 29 45 41 36 91 22 13 23 26 79 100,899 4,897 23,673 5,387 7,474 7,729 6,140 16,716 3,802 2,315 4,528 4,796 13,442 779 742 226 33 34 8 201 193 59 39 38 11 71 68 17 41 38 18 54 50 13 121 111 40 26 25 8 18 17 4 33 32 9 43 41 9 99 95 30 24.126 5,475 7,630 7,826 6.257 16.988 3.861 2,354 4.602 4.889 13.666 13 23 13 17 38 8 11 Ik. 33 102,646 4,972 253 11 2/ 66 L_ FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 3,182 14,734 3,407 4,695 5,177 250 -- 300 350 345 15,050 . 3,250 15,050 3,550 4,550 4,900 4,915 5,260 2,960 3,210 1/ After deducting $ 122 million participations of other Federal Reserve Banks. 2/ * After deducting $ 187 million participations of other Federal Reserve Banks. Estimated (New York District). 3,064 3.150 3,150 9,883 2,302 700 155 9.300 10,000 2.230 2,385 1,017 2,297 2,315 7,159 5 1.040 1,040 2.400 2,400 2.380 2,385 7r4Q0 7,400
@FedFRASER