The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 20, 1973 The average of daily figures for total reserves of member banks increased $407 million in the latest statement week to $33,879 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. An increase in Treasury deposits with Federal Reserve Banks absorbed a substantial amount of reserves. More than offsetting this reserve drain was an increase in float and a decline in currency in circulation. In addition, System Open Market operations provided $356 million of reserves on a weekly average basis. Member bank borrowings from Federal Reserve Banks increased $220 million from the previous week to an average level of $1,707 million. Member hank reserves. Reserve Rank credit., and related items Reserve Bank credit: U.S. Government securities-Bought outright—System account Held under repurchase agreements Special Certificates Federal Agency obligations-Bought outright Held under' repurchase agreements Acceptances — Bought outright Held under repurchase agreements Loans-Total member bank borrowing Includes seasonal borrowing of: Other borrowing 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 u/ Other F.R. liabilities and capital Averages of dally figures Week ended Change from week ended Wednesday, Sept. 12, Sept. 20, Sept. 19, Sept. 19, 1973 * 1973 * 1972 1973 (In millions of dollars) 73,381 — 137 + 494 - 116 + 6 44,738 69 + 137 15 7 4- 526 -- mm 3 3 18 5 36 — + 220 6 - + 990 4- 139 2,286 478 - 309 4,398 -J6Z ± 1 1,567 -37 — 1,707 139 3,828 901 81,558 10,410 400 8.586 100,954 68,716 343 354 364 859 2,759 73,396 - 44- +1,121 --+ -12 +1 ,133 - 239 43 + 352 428 4- 101 + 98 + 344 4-5,992 -— 1/2/73,253 — 1 1,567 140 250. 82,490 10,410 400 + 398 8,590 +6,390 4-5,729 424 - 321 4- 175 4- 188 4- 607 4-6,403 101,890 68,663 358 1,105 411 1,010 2,782 74,329 Member bank reserves: With Federal Reserve Banks 4- 790 27,559 12 27,562 Currency and coin 6,208 - 383 4- 762 6,208 Total reserves heldjV 4- 407 4- 862 33,879 33,882 Required reserves + 306 4- 907 33,718 33,718 Excess reserves 3/ 161 + 101 164 45 NOTE: A net of $27 million of surplus reserves were eligible to be carried forward from the week ended September 12, into the week ending September 19. On September 19, 1973, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $27,262 million, an increase of $2 million for the week. 1/ Excludes 51,41.0 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $174 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Adjusted to include $112 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. 4/ Includes $26 million of certain deposits of domestic non-member banks and foreign owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint. Estimated (Cleveland District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Sept. 19 Sept. 12 Sept. 20, 1973 * 1972 1973 A S S E T S --10,303 Gold certificate account • -— 400 Special Drawing Rights certif. accts. - 28 + 6 (1,344) 305 Cash +1,007 2,286 + 533 Loans - 21 2 36 Acceptances—Bought outright Held under repurchase agreements + 526 1,567 Federal Agency obligations—Bought outright Held under repurchase agreements U.S. Government securities: +3,310 18 32,451 Bought outright—Bills 169 Certificates - Special Other + 671 37,374 Notes - 83 3,428 Bonds - 187 1/2/ +3 ,898 73,253 Total bought outright --Held under repurchase agreements - 187 73.253 Total U.S. Government securities +3 ,898 +4 ,936 + 818 77,142 Total loans and securities -2 ,242 10,960 (1,870) +1 ,124 Cash item8 in process of collection + 44 210 Bank premises - 64 + 85 740 Other assets 3/ +2 ,033 +2 ,646 (3,214) 100,060 TOTAL ASSETS L1A1ILIII£S Federal Reserve notes "" Deposits: Member bank-reserves account (1,344) U. S. Treasurer—general account 411 Foreign Other kj Total deposits Deferred availability cash Items Other liabilities and accrued dividends TOTAL LIABILITIES £. ±L± 60,628 27,482 1,105 1 hk (1,870) 1.010 30,008 6,642 (3,214) 98,165 887 - 405 + 227 +1,103 + 134 + 234 +1,698 + 645 + 12 +1,950 +5,295 -1,784 + 147 + 217 + 453 - 967 -2,303 + 357 +2,382 ACCOUNTS. CapitaT ^aTd""in Surplus Other capital accounts 828 793 274 —— -+ 83 + + + 50 51 163 Contingent liability on acceptances purchased for foreign correspondents 551 + 17 + 280 * Figures in parentheses are the eliminations made in the consolidating process. U Excludes $1,410 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $174 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $26 million of certain deposits of domestic non-member banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit. restraint. *• Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 19, 1973 (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 obligations Acceptsecurities Loans Holdings Weekly ances Holdings Weekly Changes changes + 1 -1,343 1 3,871 29 Within 15 days 2,204 +1,874 18,368 92 — 7 16 days to 90 days 82 - 1 — 301 - 718 17,783 91 days to 1 year — — -615 22,171 Over 1 year to 5 years 4 Over 5 years to 10 years -9,358 2211 ? --l_i.702_ Over 10 years -73,253 187 Total 2,286 36 H.4.Hb) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19, 1973 Total Boston New York Philadelphia Cleveland* Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S 10,303 400 702 23 150 93 453 23 889 33 957 36 528 22 2,723 70 411 15 200 7 426 15 374 14 2,490 49 F.R. notes of other banks Other cash 1,344 305 168 16 293 24 52 5 48 33 111 35 211 40 65 35 32 19 28 7 42 37 80 14 214 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 .1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 2,286 75 786 69 67 267 184 327 39 53 177 185 57 — 36 -- -- -- -- -_ -- __ »_ „_ .„ Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS 36 1,567 71 426 85 117 111 80 254 57 27 60 66 213 32,451 1,477 8,820 1,754 2,421 2,298 1,658 5,259 1,174 567 1,239 1,362 4,422 37,374 3,428 73,253 1,701 156 3,334 10,158 932 19,910 2,019 185 3,958 2,788 256 5,465 2,647 243 5,188 1,909 175 3,742 6,056 556 11,871 1,353 124 2,651 653 60 1,280 1,427 131 2,797 1,569 143 3,074 5,094 467 9,983 73,253 3,334 19^910 3,958 5,465 5,188 3,742 11,871 2,651 .1,280 2,797 3,074 9,983 77,142 3,480 21,158 4,112 5,649 5,566 4,006 12,452 2,747 1,360 3,034 3,325 10,253 12,830 210 740 456 38 30 2,717 7 194 855 8 43 639 27 50 1,383 14 49 1,116 15 46 1,688 16 101 508 14 23 658 34 17 785 17 24 649 12 28 1,376 8 135 103,274 4,913 24,636 5,551 7,368 8,151 5,984 17,150 3,769 2,311 4,380 4,496 14,565 1/ Excludes $1,410 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $174 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (Cleveland Distritct). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19, 1973 I Total Boston New York Phila- Clevedelphia land * Richmond Atlanta Chicago St. Louis Minneapolis _____________ ————— San Kansas Dallas FranCity cisco (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 3/ Total deposits Deferred availability cash items Other liabilities and accrtted 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 correspondents 61,972 3,144 15,423 3,824 4,942 5,479 3,160 10,396 2,429 1,108 27,482 1,105 411 1,010 30,008 8,512 1,140 70 18 3 1,231 420 6,372 157 1/ 100 651 7,280 1,210 1,074 82 21 16 1,193 392 1,492 71 38 3 1,604 595 1,255 163 22 29 1,469 1,035 1,703 106 29 10 1,848 793 4,783 60 66 237 5,146 1,171 770 59 14 4 847 398 652 25 10 2 689 451 887 101,379 40 4,835 236 24,149 45 5,454 65 7,206 60 8,043 50 5,851 137 16,850 31 3,705 828 793 274 33 34 11 209 207 71 41 39 17 74 72 16 46 42 20 61 55 17 130 124 46 28 27 9 103,274 4,913 5,551 7,368 8,151 5,984 551 23 27 50 29 38 24,636 2/144 17,150_ 86 2,425 2,359 7,283 1,047 84 18 7 1,156 688 1,401 77 23 28 1,529 472 5,793 151 52 20 6,016 887 20 2,268 33 4,302 36 134 4,396 14,320 20 18 5 35 33 10 3,769 __2,311_ 4,380 UL 19 21_ 45 43 1? 106 99 40 4,496, 14,565 2IL 69 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 65,014 3,337 2,415 175 64,025 66,440 3,185 3,360 16,373 16,650 16,650 3,885 5,123 5,694 350 350 680 3,700 4,050 4,850 5,200 5,080 5,760 3,428 3,600 3,600 * 10,643 2,560 700 155 10.100 10,800 2.480 2,635 1,153 2,576 2,537 7,705 5 1,200 1,200 2,700 2,580 7.900 2,700 2,585 7,900 Estimated (Cleveland District), 1/ After deHnr.tine $311 million participations of other Federal Reserve Banks. 2/ 3/ After deducting $ 407 million participations of other Federal Reserve Banks. Includes $26 million of certain deposits of domestic non-member banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint.
@FedFRASER