H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.-•oofcow.;--. FEDERAL RESERVE Factors Affecting Bank Reserves and •:?f^m> t Condition Statement of F.R. Banks H.4.1 For immediate release August 19, 1971 The average of daily figures for total reserves of member banks increased $326 million in the latest statement week to $30,669 million. Required reserves, excess reserves and member bank borrowings at the Federal Reserve Banks all increased. Major factors providing reserves in the latest statement week were declines in Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital and a sea sonal increase in float. These reserve increases were about offset by declines in both gold stock and other Federal Reserve assets and an increase in currency in ci rculation. In addition, System Open Market operations absorbed $103 million in reserves net, on a weekly average basis, Member bank borrowings were well above the average levels of recent weeks and exceeded excess reserves by $891 million compared to $569 million for the previous week. Averas: ea of' daily figures Member bank reserves, Week ended Chanse from week ended Wednesday, Reserve Bank credit, Aug, 18, Aug. 11, Aug. 19, August 18, and related items 1971 197 1 1 1970 1971 Reserve Bank credit: (IBL millions of dollars) U.S. Government securities- Bought outright--System account 65,956 + 84 +6,486 1/65,942 Held under repurchase agreements 101 - 157 - 351 250 Federal Agency obligations— Held under repurchase agreements 10 18 40 68 Acceptances Bought outright 47 _ 2 ' + 10 52" Held under repurchase agreements ~ - 10 - 29 — Discounts and advances-- Member bank borrowings 1,180 + 587 + 499 1,123 Other — — - 25 — Float 2,743 + 205 + 76 2,691 Other F. R. assets 1,044 - 213 - 255 749 Total Reserve Bank credit 71,081 + 475 +6,370 70,875 Gold stock 10,1,32 - 114 -1,235 10,132 Special Drawing Rights certif. acct. . 400 —' -- * 400 Treasury currency outstanding 7,457 + 4 + 451 7,457 89,070 + 365 +5,586 88,864 Currency in circulation 59,112 + 98 +4,195 59,133 Treasury cash holdings 473 - 2 + 31 478 Treasury deposits with F. R. Banks 1,038 - 119 - 131 1,184 Foreign deposits with F. R. Banks 176 + 7 3 166 Other deposits with F. R. Banks 730 + 4 - 191 719 Other F. R. liabilities and capital -2*190 - 216 + 15 2,217 63,719 - 228 +-3,915 63,897 Member bank reserves: With Federal Reserve Banks 25,350 + 592 +-1,669 24,966 Currency and coin 5,319 - 266 + 485 5,319 Total reserves held 30,669 + 326 +2,154 30,285 Required reserves 30,380 + 61 +1,957 30,380 Excess reserves 289 + 265 + 197 - 95 NOTE: A net of $79 million of surplus reserves were eligible to be carried forward from the week ended August 11, into the week ending August 18. On August 18, 1971, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $19,723 million, an increase of $1,053 million for the week. 1/ Includes $48 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Batiks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollar a) Wednesday Change» since Aug. 18, Aug. 11, Aug. 19, 1971 1971 1970 A S S E TS Gold certificate account 9,875 -1,170 Special Drawing Rights certif. acctss . * 400 Cash (786) 274 + 5 + 65 Discounts and advances 1,123 + 550 + 276 Acceptances: Bought outright 52 + 5 + 15 Held under repurchase agreements - 30 Federal Agency obligations— Held under repurchase agreements 68 t- 68 + 47 U. S. Government securities : Bought outright-- Bills 28,244 69 +4,043 Certificates Notes 34,513 159 +1,913 Bonds 3.185 50 + 478 Total bought outright 1/ 65,942 + 40 +6 ,434 Held under repurchase agreements 250 + 135 + 6 Total U. S. Government securities 66,192 + 175 +6, 440 Total loans and securities 67,435 +. 798 +6 ,748 Cash items in process of collection (3,262) 11,060 + 866 + 968 Bank premises 146 — + 24 Other assets 2/ 603 _ 587 482 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (4,048) 89,793 +r rug? +6,153 L I £. * Ik II 1*1 Federal Reserve notes (786) 52,172 112 +3,911 Deposits: Member bank reserves 24,966 + 922 +1,433 U. S. Treasurer*--general account 1,184 - 108 + 143 Foreign 166 + 3 6 Other 3/ 719 - 21 - 158 Total deposits 27,035 + 796 +1,412 Deferred availability cash items (3,262) 8,369 + 603 + 806 Other liabilities and accrued dividends 592 + 7 - 36 TOTAL LIABILITIES (4,048) 88,168 +1, 294 +6,093 £ £ 1 I 1 A h A C C O U N TS Capital paid in*" 731 1 + 43 Surplus 702 — + 33 Other capital accounts 192 - 211 16 Contingent liability on acceptances purchased for foreign correspondents 246 + 1 9 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Includes $48 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. y Includes assets denominated in foreign currencies and IMF gold deposited. Includes IMF gold deposit. 3/ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 18, 1971 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and Federal Agency obligations advances Acceptances Holdings- Weekly changes Within 15 days 1,121 14 4,663 + 147 16 days to 90 days 2 38 16,916 +3,349 91 days to 1 year — — 15,163 -2,371 Over 1 year to 5 year•8s — 23,240 - 360 Over 5 years to 10 yseaarrss — 5,377 - 530 Over 10 years — — 901 + 8 Total 1,123 52 66,260 + 243 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 18, 1971 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas. Fran York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E TS i Gold certificate account 9,875 214 1,863 493 821 1,093 583 1,449 297 159 327 559 2,017 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F. R. notes of other banks 786 102 142 52 55 74 154 30 17 27 36 21 76 Other cash 274 8 23 9 25 35 34 40 16 7 26 16 35 Discounts and advances 1,123 149 207 -- 51 48 67 449 1 6 5 4 136 Acceptances: Bought outright 52 1 52 — -- -- -- -- -- -- -- -- -- Held under repurchase agreements ! -- -- -- -- -- -- -- -- -- -- -- -- -- Federal Agency obligations— Held under repurchase agreements 68 -- 68 — --- -- -- U. S. Government securities: Bought outright— • Bills 128,244 1,411 7,283 1,496 2,194 2,039 1,407 4,652 1,042 577 1,113 1. ,259 2( ,771 Certificates -- — — — -- — -- -- — — — — -- Notes 34,513 1,724 8,900 1,828 2,680 2,491 1,720 5,685 1,273 705 1,360 1 ,538 4,609 Bonds ' 3,185 159 821 169 247 230 159 525 117 65 126 142 425 Total bought outright ±J 65,942 3,294 iL 7,004 3,493 5,121 4,760 3,286 10,862 2,432 1,347 2,599 2,939 8,805 Held under repurchase agreements 250 ' — 250 -- -- -- -- -- -- -- -- -- -- Total U. S. Government securities 66,192 3,294 1L 7,254 3,493 5,121 4,760 3,286 10,862 2,432 1,347 2,599 1! ,939 8,805 Totgl loans and securities 67,435 3,443 1L 7,581 3,493 5,172 4,808 3,353 11,311 2,433 1,353 2,604 :! ,943 8,941 Cash items in process of collection 14,322 877 2,204 779 1,069 1,165 1,452 2,401 749 575 880 906 1,265 Bank premises 146 2 8 3 20 13 16 17 14 18 18 9 8 Other assets 2j \ 603 40 250 27 29 30 19 59 14 9 24 30 72 TOTAL ASSETS 93,841 4,709 22,164 4,879 7,224 7,254 5,633 15,377 3,555 2,155 3,930 4,498 12,463 1/ Includes $48 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies and IMF gold deposited. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 18, 1981 i San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 52,958 2,908 12,749 3,055 .4,323 4,667 2,575 9,267 2,029 905 1,988 2,086 6,406 Deposits: Member bank reserves 24,966 862 6,229 1,035 1,709 1,302 1,608 3,601 784 651 1,053 1,551 4,581 U. S. Treasurer—general account 1,184 63 264 57 66 165 101 117 50 58 72 52 119 Foreign 166 7 1/ 55 8 14 8 10 23 5 3 6 8 19 Other 719 1 2/ 663 2 1 11 3 3 3 3 3 3 23 Total deposits 27,035 933 7,211 1,102 1,790 1,486 1,722 3,744 842 715 1,134 1,614 4,742 Deferred availability cash items 11,631 763 1,621 608 920 972 1,201 2,026 608 486 716 683 1,027 Other liabilities and accrtl ed dividends 592 30 158 29 45 41 29 95 21 13 24 26 81 TOTAL LIABILITIES 92,216 4,634 21,739 4,794 7,078 7,166 5,527 15,132 3,500 2,119 3,862 4,409 12,256 CAPITAL ACCOUNTS Capital paid in 731 ! 33 191 38 66 38 50 109 25 17 31 41 92 Surplus 702 33 185 36 63 36 47 105 24 16 30 39 88 Other capital accounts 192 9 49 11 17 14 9 31 6 3 7 9 27 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 93,841 4,709 22,164 4,879 7,224 7,254 5,633 15,377 3,555 2.155 3.930 4.498 12.463 Contingent liability on act: eptances purchased for foreiL gn correspondents 246 j , 11 3/ 65 13_ 22 13_ 1<L 37 8 6J 10 14 31 —• FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 3,071 13,280 3,129 4,499 4,808 2,745 9,539 2,119 933 2,076 2,229 6,756 Collateral for F. R. notes: Gold certificate account 200 500 300 500 530 1,000 155 5 U. S. Government securities 2,920 13,000 3,000 4,100 4,375 2.900 8.750 2.030 960 2.125 2.280 7.000 Total collateral -3,120 13,500 3,300 4,600 4,905 2,900 9,750 2,185 960 2,125 2,285 7,000 1/ After deducting $ 111 million participations of other Federal Reserve Bahks. 2/ Includes IMF gold deposit. * Less than $500,000. Digitized for FRASER 3/ After deducting $ 181 million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis