H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and *«?" Condition Statement of F.R. Banks For immediate release February 3, 1972 H.4.1 The average of daily figures for total reserves of member banks declined $193 million in the latest statement week to $32,450 million. Required reserves also declined while excess reserves and member bank borrowings from Federal Reserve Banks increased slightly. A seasonal decline in currency in circulation was the major factor providing reserves in the latest week. Offsetting this reserve increase was a less than seasonal decline in float. In addition, System Open Market operations absorbed reserves through the outright sale of Treasury securities. Excess reserves were only slightly above the week earlier level and exceeded borrowings by $246 million compared to $226 million for the previous week. Averages of daily figures Member bank reserves, Week ended Chang e frorri week ended Wednesday, Reserve Bank credit, Feb. 2, Jan. 26, |Feb. 3, and related items 1Q72 1972 I1Q71 Fffb. 2, 19 Reserve Bank credit: (Ir l mill ions c if dollars) U.S. Government securities — Bought outright —System account 69,716 195 +7 ,933 y 69,552 Held under repurchase agreements — -- - 154 -- Federal Agency obligations- Bought outright 648 2 + 648 643 Held under repurchase agreements -- — - 19 — Acceptances- Bought outright 76 __ + 16 73 Held under repurchase agreements -- — - 17 -- Discounts and advances- Member bank borrowings 18 5 265 25 Other Float 2,802 - 274 + 182 2,683 Other F.R. assets 1,279 + 51 + 15 1,311 Total Reserve Bank credit 74,539 - 415 +8 ,338 74,287 Gold stock 10,132 -- - 600 10,132 Special Drawing Rights certif. acct. 400 — -- 400 Treasury currency outstanding 7,712 + 54 + 540 7,765 92,784 - 360 +8 ,279 | 92,584 Currency in circulation 59,395 - 268 +3 ,953 59,554 Treasury cash holdings 508 — + 40 505 Treasury deposits with F.R. Banks 3,053 - 31 +2 ,153 3,173 Foreign deposits with F.R. Banks 166 + 6 + 23 172 Other deposits with F.R. Banks 755 + 31 - 52 779 Other F.R. liabilities and capital 2,318 + 59 + 81 2,351 66,194 - 204 +6 ,199 66,534 Member bank reserves: With Federal Reserve Banks 26,589 _ 158 +2 ,079 26,050 Currency and coin 5,861 - 35 + 412 5,861 Total reserves held 32,450 - 193 +F7 59T 31,911 Required reserves 32,186 - 218 +2 ,464 32,186 Excess reserves 264 + 25 + 27 1 - 275 NOTE: A net of $126 million of surplus reserves were eligible to be carried forward from the week ended January 26, into the week ending February 2. On February 2, 1972, marketable U. S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,455 million, an increase of $65 million for the week. 1/ Includes $38 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. 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 BAN*C S (In m illions of dollars) W sdnesday Change since Feb, 2, Jan. 26, Feb. 3, 1972 1972 1971 A S S E TS Gold certificate account 9,875 .. • 589 Special Drawing Rights certif. accts. * 400 -- -- Cash (1,477) 309 + 3 + 55 Discounts and advances 25 + 6 - 217 Acceptances--Bought outright 73 - 4 + 14 Held under repurchase agreements -- -- 26 Federal Agency obligatons — Bought outri ght 643 - 7 + 643 Held under repurchase agreements -- -- 24 U. S. Government securities: Bought outright--Bills 30,296 -359 44,690 Certificates Notes 35,905 -_ +2,669 Bonds 3,351 -- + 410 Total bought outright 1/ 69,552 -359 +7,769 Held under repurchase agreements «- - 144 Total U.S. Government securities 69,552 -359 +7,625 Total loans and securities 70,293 -364 +8,015 Cash items in process of collection (2,9?©) ,10y7i60 -158 + 486 Bank premises 152 + 1 + 23 Other assets 2/ 1,159 + 49 + 27 TOTAL ASSETS (4,467) 92,948 -469 +8,017 Federal Reserve notes (1,477) 52,346 -144 +3,476 Deposits: Member bank--reserves account 25,970 -845 +2,148 U. S. Treasurer—general account 3,173 +311 +2,061 Foreign 172 4- 26 + 11 Other 3/ 779 + 63 23 Total deposits 30 ,094 -445 44,197 Deferred availability cash items (2,990) 8 ,157 + 48 + 253 Other liabilities and accrued dividends 556 + 10 + 29 TOTAL LIABILITIES (4,467) 91,153 •531 +7,955 C A P I T AL A C C O U N TS Capital paid in 752 + 1 + 44 Surplus 742 -- + 40 Other capital accounts 301 + 61 - 22 Contingent liability on acceptances 253 16 purchased for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process. \J Includes $38 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. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 2 1972 r (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts Accept U. S. Government Federal Agency and -ances securities obligations Advances Holdings Weekly Holdings Weekly changes Changes Within 15 days 24 20 4,493 -129 -_ - 7 16 days to 90 days 1 53 14,659 - 12 28 + 3 91 days to 1 year -- -- 16,107 -218 178 - 3 Over 1 year to 5 years -- .- 25,286 -- 288 -_ Over 5 years to 10 years .- -- 7,855 -- 91 ._ Over 10 years 1,152 -- 58 -- Total 15 "73 69,552 -359 643 - 7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Ub) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 2, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Dallas York delphia land mond Louis apolis City Francisco (In millions of dollars) A S S E TS Gold certificate account 9,875 414 2,202 541 619 928 438 1,953 384 255 431 309 1,401 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,477 184 285 135 88 108 242 89 41 32 24 77 172 Other cash 309 10 28 12 34 43 36 35 19 8 29 17 38 Discounts and advances 25 2 1 _ 5 2 8 i 3 i 2 Acceptances: Bought outright . 73 -- -- -- -- -- -_ -- -l 73 Held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- Federal Agency obligations-- Bought outright 643 30 167 34 49 47 34 104 24 12 27 29 86 Held under repurchase agreements -- -- — -- -- -- -- -- — -- -- -- -i- U.S. Government securities: Bought outright-- Bills 30,296 1,406 7,856 1,597 2 ,331 2 ,196 1,584 4,890 1,147 589 1 ,253 1 ,383 4,064 Certificates: Special Other Notes 35,905 1,666 9,310 1,893 2 ,763 2 ,603 1,877 5,795 1,359 698 1, 484 1 ,640 4,817 Bonds 1 3,351 156 869 177 258 243 175 541 127 65 138 153 449 Total bought outright 1/ 69,552 3,228 18,035 3,667 T, 352 T, 042 3,636 11,226 2,633 1,352 T ,875 T ;i76 9,330 Held under repurchase agreements "~ -- -- — — -- -- -- -- -_ -- -- -- — Total U.S. Government securities 1 69,552 3,228 18,035 3,667 T, 352 T, 042 3,636 11,226 2,633 1,352 T ,875 T ,176 9,330 Total loans and securities | 70,293 3,258 18,277 3,702 5 ,401 5 ,094 3,672 11,338 2,657 1,365 2 ,905 3 ,206 9,418 Cash items in process of collection 13,750 807 2,312 748 992 1, 087 1,494 2,297 767 520 909 855 962 Bank premises 152 2 8 3 25 13 16 16 15 20 17 9 8 Other assets 2/ 1 1,159 69 392 57 73 69 51 153 35 22 42 53 143 TOTAL ASSETS 97,415 4,767 23,597 5,221 7 ,265 7 ,378 5,971 15,951 3,933 2,229 4 ,372 4 ,540 12,191 1/ Includes $38 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

tt.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 2, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 53,823 2,866 13,244 3,155 4,384 4,767 2,667 9,338 2,086 900 2,000 2,075 6,341 Deposits: Member bank reserves 25,970 894 6,629 1,015 1,518 1,363 1,734 3,882 1,008 696 1,275 1,488 4,468 U. S. Treasurer—general account 3,173 171 633 307 281 205 174 379 135 151 232 162 343 Foreign 172 6 1/ 64 8 13 8 10 22 5 3 6 8 19 Other 779 1 1/ 715 3 - 18 3 5 3 1 3 3 24 Total deposIts 30,094 1,072 8,041 1,333 1,812 1,594 1,921 4,288 1,151 851 1,516 1,661 4,854 Deferred availability cash items 11,147 721 1,709 611 864 878 1,237 1,959 614 427 757 684 686 Other liabilities and accrued dividends 556 27 142 28 44 40 29 90 21 12 24 25 74 TOTAL LIABILITIES 95,620 4,686 23,136 5,127 7,104 7,279 5,854 15,675 3,872 2,190 4,297 4,445 11,955 CAPITAL ACCOUNTS Capital paid in 752 33 193 39 69 39 51 115 25 17 32 41 98 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 301 14 75 17 24 22 16 50 11 s 11 n LI TOTAL LIABILITIES AND CAPITAL ACCOUNTS 97,411 4-767 23.597 5..221 7.265 7,378 5,971 15.951 ^,0^ ? ??q 4,37? 4,540 17,191 J Contingent liability on ace: eptances purchased for forei gn correspondents 253 11 3/ 66 . . . ..11 23__ 13 L7_ 38 8_ 6_ LL_ L4_ 13— FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 13,996 3,309 4,635 4,945 2,991 9,746 2,167 941 2,098 2,248 6,748 Collateral for F. R. notes: Gold certificate account 500 300 350 285 700 155 5 U. S. Government securities 13,800 3,150 4,400 4,720 T. 1 1 no Q t inn ?,nn -aZO 7,17.5—7,330 7,000 Total collateral 3,150 14,300 3,450 4,750 5,005 3,100 10,000 2,285 970 2,175 2,335 7,000 1/ After deducting $108 million participations of other Federal Reserve Banks, 7/ Includes IMF gold deposit. 3/ After deducting $187 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis