The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
OV ^ O W '•f^LRE^V FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 14, 1972 The average of daily figures for total reserves of member banks declined $838 million in the latest statement week to $32,562 million. Required reserves increased while excess reserves and member bank borrowings at Federal Reserve Banks declined. Excess reserves were negative, on a weekly average, reflecting in part the unusually large surplus reserve carryover of the previous week. Major factors supplying reserves in the latest statement week were an increase in float and declines in both Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital. Reserves were drained by a seasonal rise in currency in circulation. System Open Market operations absorbed $2,048 million reserves net, on a weekly average basis, primarily through matched sales-purchase transactions. Member bank borrowings averaged $149 million and exceeded excess by $223 million compared to $3 million for the previous week. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Wednesday, Sept. 6, Sept. 13, Sept. 15, Sept. 13, 1972 1972 1972 1971 (In millions of dollars) Reserve Bank credit: U.S. Government securities-Bought outright--System account 8,342 Held under repurchase agreements -Special Certificates 5 1,061 Federal Agency obligations--Bought outright -Held under repurchase agreements Acceptances-60 Bought outright — Held under repurchase agreements Loans-149 Member bank borrowings Other 3,824 Float 824 Other F.R. assets 74,266 Total Reserve Bank credit 10,410 Gold Stock 400 Special Drawing Rights certif. acct. 8,177 Treasury currency outstanding 93,253 63,227 Currency in circulation 304 Treasury cash holdings 162 Treasury deposits with F.R. Banks 195 Foreign deposits with F.R. Banks 589 Other deposits with F.R. Banks Other F.R. liabilities and capital 2,190 66,667 Member bank reserves: With Federal Reserve Banks 26,585 Currency and coin 5,977 Total reserves held 32,562 Required reserves 32,636 Excess reserves 74 NOTE: -1,454 - 473 + 5 +1 ,746 - 411 5 + jl/2/ 67,685 -__ 15 72 +1 ,061 1,042 - 75 -- 6 33 + - 9 51 57 — 689 308 147 733 48 + 904 70 +2,811 + 278 + -1,954 — — + 16 -1,938 + 359 2 -1,053 + 19 - 12 - 234 - 922 +2,393 3,740 874 73,545 10,410 400 8,179 92,534 63,280 325 408 176 605 2,215 67,009 -1 ,017 + 179 - 838 + 71 - 909 +1,349 + 362 +1,711 +2,032 - 321 25,525 5,977 31,502 32,636 -1,134 + — + 655 +3,743 +3,873 - 154 -1,226 + 56 - 119 36 A net of $293 million of surplus reserves were eligible to be carried forward from the week ended September 6, into the week ending September 13. Cn September 13, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,319 million, a decrease of $95 million for the week. 1/ Excludes $1,898 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $19 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Sept. 13., Sept. 6, Sept. 15, 1972 ' 1972 1971 ASSETS -+ 428 10. 303 Gold certificate account --Special Drawing Rights certif. accts. 400 (1.088) + Cash + 40 5 325 - 203 Loans + 41 147 Acceptances--Bought outright 6 57 + 7 Held under repurchase agreements Federal Agency obligatonS"Bought outright 1,042 34 +1,042 Held under repurchase agreements U. S. Government securities: Bought outright—Bills 27,471 602 451 Certificates Notes 36,703 -+2,120 Bonds -3,511 + 290 Total bought outright 1/2/ 67,685 - 602 +1,959 Held under repurchase agreements -— -Total U.S. Government securities - 602 67,685 +1,959 Total loans and securities - 601 68,931 +2,805 Cash items in process of collection (3,218) 12,266 + 725 - 122 Bank premises 166 1 + 18 + Other assets 2/ 708 + 63 92 TOTAL ASSETS (4,306) 93,099 +3,077 +_ 193 H.4.1(a) Federal Reserve notes Deposits: Member bank--reserves account U. S. Treasurer—general account Foreign Other V Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES £LLI 1Ak C a p i t a l paid in Surplus Other capital accounts (1,088) (10) (10) (3,208) (4,306) 55,644 25,445 408 176 605 26,634 8,606 544 91,428 50 + 429 - 163 8 33 + 225 + 236 + 1 + 412 +3,347 +1,446 - 978 + 37 - 162 + 343 - 618 61 +3,011 778 742 151 1 -- 220 + + - 283 8 A££21!Nli Contingent liability on acceptances purchased for foreign correspondents 44 40 18 16 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Excludes $1,898 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $19 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes nsr.cts denominated in foreign currencies. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 13. 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 Loans securities -ances Weekly Holdings Holdings Weekly changes Changes 145 10 2,9/h + 794 1 Within 15 days -34 2 47 14,082 -1,098 44 +14 16 days to 90 days — -18,152 - 298 91 days to 1 year 127 +10 — — -24,859 Over 1 year to 5 years 525 + 6 --6,102 Over 5 years to 10 years — 197 -30 — -1,514 — Over 10 yearn 148 -Total 57 67,685 147 602 1,042 •34 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 13, 1972 Total Boston Philadelphia New York Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Da lias San Francisco (In millions of dollars) 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 TOTAL ASSETS ' 1/ y 1! 10,303 400 527 23 3,136 93 577 23 789 33 829 36 364 22 1,333 70 288 15 12 7 358 15 297 14 1,793 49 1,088 325 180 17 198 24 45 13 46 35 114 39 176 35 51 45 30 19 32 7 73 40 43 14 100 37 147 38 44 - 8 40 6 - 57 _- — -- 57 -- -. -- -- -.- --- -- -- -— — 1,042 -- 47 -- 268 -- 55 -- 80 -- 77 -- 57 -- 167 -- 39 -- 21 — 43 -- 47 -- 141 — 27,471 1,230 7,059 1,460 2,109 ? ,041 1,492 4,417 1,025 552 1,131 1 ,248 3,707 -36,703 3,511 67,685 — 67,685 68,931 -1,643 157 3,030 -3,030 3,115 -9,432 902 17,393 -17,393 17,762 -1,949 186 3,595 — 3,595 3,650 -2,819 270 5,198 -5,198 5,283 _2 ,728 261 5",030 -,030 5 112 r -1,993 191 3,676 -3,676 3,741 -5,901 564 10,882 _. 10,882 11,089 -1,369 131 2,525 -2,525 2,564 -738 71 ,361 -_ ,361 1 ,382 -1,511 145 2,787 .2,787 2,836 -1 ,667 159 3",074 -3~,074 3 ,122 -4,953 474 9,134 -9,134 9,275 929 2 57 2,535 8 176 895 4 43 1,100 28 46 1 ,168 13 49 1,649 16 34 2,465 17 95 811 15 22 627 26 17 983 17 26 985 12 29 1,337 8 114 4,850 23,932 5,250 7,360 7 ,360 6,037 15,165 3,764 2 ,110 4,348 4 ,516 12,713 15,484 ' 166 708 97,405 r - 1/ Excludes $1,898 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. "2/ Includes $19 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. "* Less than $500,000. r r -- H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 13, 1972 New Total Boston 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.eptancez purchased for forei-gn correspondents 56,732 2,986 14,065 2S.44S 986 6,701 3,345 4,524 4,979 2,828 9,676 2,201 981 2,213 2,185 6,749 1 .222 =.»- 1 .756 3,199 546 * 4 1 551 527 1,192 1,458 4,847 8 4 15 -- 8 21 11 15 24 36 7,672 1,629 1,079 1,681 712 962 1,251 1,000 1,782 1,274 3,259 1,887 805 * 5 1 811 676 26 133 30 43 40 40 84 20 95,734 4,778 23,499 5,166 7,210 7,270 5,924 14,906 778 742 151 33 34 5 201 193 39 39 38 7 71 68 11 41 38 11 54 50 9 97,405 4,850 23,932 5,250 7,360 7,360 6,037 283 13 2/ 73 15 26 15 408 176 615 *j- 26,644 11,814 7 3 996 770 544 408 1/ 57 506 1,666 1,067 ">< * — f • - - •V /V 19 J- ~u • / ' 7 2 9 2 21 24 1,201 1,469 4,892 841 749 787 13 22 24 69 3,708 2,072 4,277 121 111 27 26 25 5 18 17 3 33 32 6 15,165 3,764 2,110 4,348 42 10 6 12 16 36 1,020 2,302 2,314 7,175 4,427 12,497 42 41 6 99 95 22 4,516 12,713 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 14,750 3,195 3,423 4,713 5,155 300 350 345 14,850 3.250 4.550 4,915 14,850 3,550 4,900 5,260 \J After deducting $119 million participations of other Federal Reserve Banks, 2/ After deducting $210 million participations of other Federal Reserve Banks. 3,078 9,912 2,315 700 155 3,150 9.300 2.230 lr04Q 2,400 2,380 7,400 3,150 10,000 2,385 1,040 2,400 2,385 7,400 * 5 Less than $500,000.
@FedFRASER