H.4.1 Factors Affecting Reserve Balances of Depository Institutions

o? Qov FEDERAL RESERVE s Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 30, 1972 The average of daily figures of total reserves of member banks increased $651 million in the latest statement week to $32,253 million. Required reserves, excess reserves and member bank borrowings at the Federal Reserve Banks all increased. A somewhat greater than seasonal decline in float was the major factor ab sorbing reserves in the latest statement week. System Open Market operations provided $665 million reserves net, on a weekly average basis through outright purchases of Treasury bills and repurchase agreements. Excess reserves averaged $310 million and exceeded borrowings by $155 million. In the previous week borrowings exceeded ex cess reserves by $189 million. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, March 29, March 22, March 31, March 29, and related items 1972 1972 1971 1972 Reserve Bank credit: (Irl millL ions of dollars) U.S. Government securities-- Bought outright--System account 68,805 + 520 +6,224 1/ 68,975 Held under repurchase agreements 128 + 128 - 327 896 Federal Agency obligations-- Bought outright 810 -~ + 810 810 Held under repurchase agreements 1 i 39 8 Acceptances-- Bought outright 70 + 3 + 17 79 Held under repurchase agreements 13 + 13 27 90 Discounts and advances-- Member bank borrowings 155 40 • 102 1,030 Other Float 2,728 - 546 + 246 2,700 Other F.R. assets 850 + 53 - 116 897 Total Reserve Bank credit 73,560 + 212 +6,686 75,485 Gold stock 9,588 — -1,144 9,588 Special Drawing Rights certif. acct. 400 -- — 400 Treasury currency outstanding 7,882 + 14 + 627 7,889 91,430 + 227 +6,169 93,362 Currency in circulation 60,175 - 82 +4,065 60,438 Treasury cash holdings 406 + 15 69 413 Treasury deposits with F.R. Banks 886 - 92 + 80 917 Foreign deposits with F.R. Banks 178 - 11 + 16 205 Other deposits with F.R. Banks 576 - 41 - 118 589 Other F.R. liabilities and capital 2,263 + 72 + 65 2 302 ? 64,483 - 139 +4,039 64,864 Member bank reserves: With Federal Reserve Banks 26,947 + 366 +2,130 28,498 Currency and coin 5,306 + 285 + 183 5,306 Total reserves held 32,253 + 651 +2,313 33,804 Required reserves 31,943 + 267 +2,379 31,943 Excess reserves 310 + 384 66 1,861 NOTE: A net of $17 million of deficit reserves were eligible to be carried forward from the week ended March 22, into the week ending March 29. On March 29, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,763 million, a decrease of $33 million for the week. 1/ Includes $33 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 BANKS (In millions of dollars) Wednesday Change since March 29, March 22,| March 31, 1972 1972 1971 A S S E TS Gold certificate account 9,475 — - 989 400 — — Special Drawing Rights certif. accts. * Cash (1,150) 323 - 1 + 55 Discounts and advances 1,030 + 298 + 639 Acceptances--Bought outright 79 + 10 + 26 Held under repurchase agreements 90 + 90 + 5 810 — + 810 Federal Agency obligatons—Bought outright Held under repurchase agreements 8 + 8 - 177 U. S. Government securities: Bought outright—Bills 29,396 390 +3,758 Certificates Notes 36,147 +2,116 Bonds 3,432 + 260 Total bought outright 1/ 68,975 + 390 +6,134 Held under repurchase agreements 896 + 896 - 423 Total U.S. Government securities 69,871 +1,286 +5,711 Total loans and securities 71,888 +1,692 +7,014 Cash items in process of collection (3,177) 10,134 -1,176 + 242 Bank premises 159 — + 25 Other assets 2/ 738 + 54 - 125 TOTAL ASSETS (4,327) 93,117 569 +6,222 L I A B I L I T I ES Federal Reserve notes (1,150) 53,172 + 111 +3,659 Deposits: Member bank--reserves account 28,418 +1,506 +2,486 U. S. Treasurer--general account 917 - 397 + 59 Foreign 205 + 30 + 4 Other (4) 589 19 - 205 Total deposits (4) 30,129 +1,120 +2,344 Deferred availability cash items (3,173) 7,514 - 749 + 172 Other liabilities and accrued dividends 534 12 TOTAL LIABILITIES (4,327) 91,349 503 +6,163 C A P I T AL A C C O U N TS Capital paid in 761 .- 5 + 44 Surplus 742 — + 40 Other capital accounts 265 K 61 - 25 Contingent liability on acceptances purchased for foreign correspondents 264 * Figures in parentheses are the eliminations made in the consoldating process. 1/ Includes $33 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 29, 1972 (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 1,028 100 5,361 +1,004 + 8 16 days to 90 days 2 69 16,757 + 147 91 days to 1 year 14,458 + 135 Over 1 year to 5 years 26,410 Over 5 years to 10 years 5,678 Over 10 years -- 1,207 — Total 1,030 169 69,871 +1,286 + 8 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 MARCH 29, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Dall as York delphia land mond Louis apolis City Francisco (In millions of dollars) A S S E TS Gold certificate account 9,475 434 2,115 444 790 707 429 1,974 414 185 232 286 1,465 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,150 137 257 111 59 74 230 60 21 15 34 47 105 Other cash 323 10 25 10 39 39 36 45 20 9 34 15 41 Discounts and advances 1,030 85 755 - c 119 21 16 16 12 Acceptances: Bought outright 79 -- 79 __ «. - .. - _- Held under repurchase agreements 90 -- 90 __ -.- -_ _- .. - - «. _ _ _ __ Federal Agency obligations- Bought outright 810 38 205 43 62 60 43 132 30 15 33 37 112 Held under repurchase agreements 8 -- 8 -- -- -- -- _- - - - - _ _ U.S. Government securities: Bought outright-- Bills 29,396 1,375 7,433 1,559 2,245 2,195 1,549 4,783 1,084 567 1,203 1 ,331 4,072 Certificates: Special Other -. -- -- -- __ -- -- __ _.. _ - _ ~ Notes 36,147 1,691 9,141 1,917 2,761 2,698 1,905 5,881 1,333 697 1,480 1 ,636 5,007 Bonds 3,432 161 868 182 262 256 181 558 127 66 140 155 476 Total bought outright 1/ 68,975 3,227 17,442 3,658 5,268 5,149 3,635 11,222 2,544— _ ,330 2,823- j-,122 9,555 Held under repurchase agreements 896 -- 896 -- -- -- _- __ -- -_ -- _- Total U.S. Government securities 69,871 3,227 18,338 3. 658 5,268 5,149 3,635 11,222 2,54^T f, 330~ ^ 2,823 3~ 122 "9,555 Total 1oans and securities 71,888 3,350 19,475 3^702 5,330 5,209 3,683 11,473 2,574 1 ,366 2,872 3 175 9,679 Cash items in process of collection 13,311 798 2,252 721 977 1,043 1,444 2,250 696 497 884 896 853 Bank premises 159 2 8 3 26 13 16 17 15 22 17 12 8 Other assets 2/ ; 738 57 180 37 50 52 35_ 106 23. 17 T]__ 43 111 TOTAL ASSETS 97,444 4,811 24,405 5,051 7,304 7,173 5,895 15,995 3,778 2 ,118 4,115 4, 488 12,311 1/ Includes $33 million securites loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies„ 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 MARCH 29, 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 54,322 2,893 13,354 3,179 4,394 4,833 2,704 9,404 2,118 922 2,045 2,094 6,382 Deposits: Member bank reserves 28,418 1,071 8,046 1,113 1,744 1,267 1,766 4,194 945 676 1,186 1,529 4,881 U. S. Treasurer—general account 917 40 226 43 93 60 49 82 56 36 53 63 116 Foreign 205 10 1/ 49 11 19 11 14 31 7 5 9 12 27 Other 593 516 1 1 21 9 17 1 2 1 24 Total deposits 30,133 1,121 8,837 1,168 1,857 1,359 1,838 4,324 1,008 718 1,250 1,605 5,048 Deferred availability cash items 10,687 695 1,619 586 855 846 1,199 1,908 574 428 725 672 580 Other liabilities and accn led dividends 534 24 140 27 40 37 38 84 19 11 21 23 70 TOTAL LIABILITIES 95,676 4,733 23,950 4,960 7,146 7,075 5,779 15,720 3,719 2,079 4,041 4,394 12,080 CAPITAL ACCOUNTS Capital paid in 761 33 196 39 69 40 52 118 25 17 32 42 98 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 265 11 66 14 21 20 14 46 9 5 10 11 38 TOTAL LIABILITIES AND 97,444 4,811 24,405 5,051 7,304 7,173 5,895 15,995 3,778 2,118 4,115 4,488 12,311 CAPITAL ACCOUNTS Contingent liability on ace: eptances purchased for fore:- gn correspondents 264 12 2/ 69 14 24 14 18 39 9 6 11 14 34 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 3,060 14,147 3,297 4,592 4,964 2,979 9,672 2,197 949 2,116 2,238 6,723 Collateral for F. R. notes: Gold certificate account 150 500 300 350 285 -- 700 155 5 U. S. Government securities 3,000 13,800 3,150 4,400 4,720 3,.1.00,. 9,300 2,130 970 2,175 2,330 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 $ 156 million participations of other Federal Reserve Banks. 2/ After deducting $ 195 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis