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OVjStej,; FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release September 21, 1972 H.4.1 The average of daily figures for total reserves of member banks increased $497 million in the latest statement week to $33,059 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. An increase in Treasury deposits with Federal Reserve Banks was the major factor absorbing reserves in the latest statement week. Offsetting this reserve drain were an increase in float and a decline in currency in circulation. In addition, System Open Market operations provided $345 million reserves net, on a weekly average basis. Member bank borrowings averaged $719 million and exceeded excess reserves by $473 million compared to $223 million for the previous week. UNIVERSITY OF OREGON LIBRARY SEP 2 6 1972 Averages of daily figures Member bank reserves. Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities — Bought outright—System account Held under repurchase agreements Special Certificates Federal Agency obligationsBought outright Held under repurchase agreements Acceptances— Bought 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 Week ended Change from week ended Wednesday, Sept. 20, Sept. 22, Sept. 20, Sept. 13, 1972 1972 1972 ** 1971 (In millions of dollars) 68,643 69 + + 1,041 301 69 5 +1,956 + 69 1/69,355 20 +1,041 * 1,041 57 5 5 h 5 + 5 719 570 + 390 1,752 4,170 + 346 + 75 +1 ,335 -• — + 11 +1 ,346 - 240 + 15 + 513 6 + 82 - 38 + 326 + 568 4,227 970 77,402 10,410 400 8,196 96,408 62,979 325 958 194 555 2,161 67,172 55 5 899 75,601 10,410 400 8,188 94,599 62,987 319 675 189 671 2,152 66,993 27,606 5,453 33,059 32,813 246 + +1 ,021 - 524 + 497 + 177 + 320 24 44,010 + 278 — + 656 44,944 +3,995 - 151 -1,085 + 39 33 82 +2,683 +2,261 + 438 +2,699 +2,392 + 307 29,237 5,453 34., 690 32,813 1,877 NOTE: A net of $52 million of surplus reserves were eligible to be carried forward from the week ended September 13, into the week ending September 20. On September 20, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,973 million, a decrease of $346 million for the week. 1/ Includes $31 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. *Less than $500,000, ^Estimated (Kansas City District). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RIISERVE BANKS (In millions of dollars) Change since Wednesday Sept. 20,* Sept. 13, Sept. 22, 1972 1972 1971 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 k I & JLILllIULfL 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 * (1,212) 10,303 400 333 1,752 57 + 8 +1,605 1,041 + 428 + + + - 34 811 57 48 +1,041 29,141 +1,670 + 36,703 3,511 1/ 69,355 -- -— +1,670 -+1,670 +3,274 + 826 -+ 96 +4,204 +2,120 + 290 +2,768 -+2,768 +4,629 +1,557 + 18 - 311 +3,712 + 550 + 18 +3,410 +3,918 - 981 + 48 - 135 +2,850 + 487 •6?J-355 72,205 (3,643) 13,092 166 804 (4,855) 97,303 (1,212) 55,333 29,157 958 194 555 30,864 (3,643) 8,945 530 (4,855) 95,672 50 +4,230 + 339 14 +4,244 C A P I T A L A C C O U N T S , Capital paid in Surplus Other capital accounts 778 742 111 40 Contingent liability on acceptances purchased for foreign correspondents 271 12 —— -- 358 9 +6,657 50 +6,697 + + - 44 40 124 10 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $31 million securities loaned—fully secured by U.S. Government securi ties pledged with Federal Reserve Banks. 2J Includes assets denominated in foreign currencies. ** Estimated (Kansas City District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 20. 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 obligations -ances securities Loans Holdings Weekly Holdings Weekly Changes changes Within 15 days 4,803 +1,827 11 20 + 19 1 ,750 = 16 days to 90 days 14,303 + 221 2 46 24 20 -— -91 days to 1 year 17,774 - 378 127 — -Over 1 year to 5 years --24,859 525 — — -Over 5 years to 10 years -6,102 197 -— — -Over 10 years 1,514 148 Total 69,355 +1,670 57 1,041 1 1:,752 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 20, 1972 H.4.1U>) Total Boston Philadelphia New York Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City * San Francisco Dall as (In millions of dollars) A S S E T S 10,303 400 378 23 2,459 93 593 23 781 33 818 36 379 22 2,086 70 224 15 105 7 412 15 25S 14 1,810 49 F.R. notes of other banks Other cash 1,212 333 194 18 210 25 59 13 55 35 119 40 189 36 60 45 38 20 31 8 79 40 49 14 129 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 Total loans and securities 1,752 109 1,082 13 45 28 86 253 20 14 38 63 57 -- -_ -- 57 -- --- -. -- -_ -- _._ ... __ «._ _.. _— __ _— __ 1,041 "" 47 -- 268 -- 55 -- 80 -- 77 -_ 57 .._ 167 21 __ 43 —— 47 140 29,141 1,305 7,489 1,548 2,237 2,165 1,582 4,686 "" 36,703 3,511 69,355 -69,355 72,205 -1,643 157 3,105 -3,105 3,261 -9,432 902 17,823 -17,823 19,230 -1,949 186 3,683 -3,683 3,751 -2,819 270 5,326 -_ 5,326 5,451 «. 2,728 261 5,154 -5,154 5,259 -_ 1,993 191 3,766 -3,766 3,909 -5,901 564 11,151 11,151 11,571 _1,369 131 2,588""_ -2,588" 2,628 16,735 166 804 997 2 61 2,672 8 200 969 4 47 1,265 28 56 1,288 13 57 1,710 16 40 2,709 17 109 867 15 26 669 26 18 1,050 17 28 1 062 12 34 1,477 8 128 102,158 4,934 24,897 5,459 7,704 7,630 6,301 16,667 3,833 2 ,299 4,554 4 678 13,202 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS y _«. „- 39 1,088 It Includes $31 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks, 2/ Includes assets denominated in foreign currenc ies. * Estimated (Kansas City District). 585 T _738 71 ,394" _« 17394" 1 ,435 1,200 . i 1 ,324 m. m. 3,932 „_ -_ 1,511 1 ,667 4,953 145 159 474 2,856 — — y ,150 9,359 -» .. -.. 3" 2,856" ~~ 9,359""~ 2,913 3 9,562 ,235 rno H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Phila- Clevedelphia land Richmond SEPTEMBER 20, 1972 Atlanta Chicago San Minne- .Kansas** Dallas Franapolis City cisco St. Louis (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 accnled 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 56,545 2,974 14,057 3,337 4,513 4,972 2,800 9,646 2,191 979 2,207 2,177 6,692 29,157 958 194 555 30,864 12,588 1,014 * 8 1 1,023 842 6,936 958 1/ 61 487 8,442 1,843 1,276 * 9 3 1,288 725 1,916 1,456 2,049 4,523 -k -k -k i< 17 — 1,933 1,068 9 22 1,487 1,045 12 6 2,067 1,285 27 3 4,553 2,132 887 * 6 1 894 674 732 * 4 2 738 533 1,365 * 8 1,373 884 1,625 * 10 3 1,638 752 5,378 * 23 27 5,428 805 530 100,527 25 4,864 132 24,474 27 5,377 42 7,556 38 7,542 38 6,190 83 16,414 1Q 12 2,262> 21 4,485 24 fiQ 3,778 4,591 12,994 778 742 111 33 34 3 201 193 29 39 38 5 71 68 9 41 38 9 54 50 7 121 111 21 26 25 4 16! 17 2 33 32 4 42 41 y 99 95 14 102,158 4,934 24.897 5.459 7.704 7.630 6.301 16.667 3-833 2,299 4,554 4r67Si 13.202 271 12 2/ 71 14 25 14 6 11_ 19_ 40 9_ 15 35 2,322 7,183 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 59,329 3,187 2,105 250 58,625 60,730 2,960 3,210 14,750 15.050 15,050 3,422 4,710 5,155 300 350 345 3.250 3,550 4.550 4,900 4.915 5,260 1/ After deducting $ 133 million participations of other Federal Reserve Banks. 2/ ** After deducting $ 200 million participations of other Federal Reserve Banks. Estimated (Kansas City District). 3,072 3.150 3,150 9,891 2,314 700 155 9 r 300 10,000 2,230 2,385 * 1,020 2,303 5 1,040 1,040 2,400 2,400 Less than $500,000. 2,-180 2,385 7 Lnn 7,400
@FedFRASER