H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 27, 1972 The average of daily figures for total reserves of member banks increased $86 million in the latest statement week to $32,710 million. Excess reserves and member bank borrowings at the Federal Reserve Banks increased while required re serves declined. An increase in Treasury deposits with Federal Reserve Banks and a seasonal decline in float were the major factors absorbing reserves in the latest statement week. Partially offsetting these reserve drains was a seasonal decline in currency in circulation. In addition, System Open Market operations provided $524 million reserves net, on a weekly average basis through outright purchases of Treasury bills and Agency securities early in the statement week and repurchase agreements near the end of the week. Member bank borrowings were above the average of recent weeks and were $22 million less than excess reserves. In the previous week borrowings exceeded excess reserves by $54 million. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, April 26, April 19, April 28, April 26, and related items 1972 1972 1971 1972 Reserve Bank credit: (In millions of dollars) U.S. Government securities- Bought outright—System account 70,176 + 175 +6,752 1/ 70,185 Held under repurchase agreements 184 + 184 + 133 1,076 Federal Agency obligations- Bought outright 954 + 144 + 954 979 Held under repurchase agreements 3 + 3 + 2 15 Acceptances- Bought outright 83 + 1 + 30 82 Held under repurchase agreements 17 + 17 6 85 Loans —• Member bank borrowings 279 234 + 103 1,792 Other Float 3,158 - 159 - 94 3,234 Other F.R. assets 1,045 + 49 - 107 1^102 Total Reserve Bank credit 75,898 + 648 +7,767 78,550 Gold stock 9,588 -- -1,144 9,588 Special Drawing Rights certif. acct. 400 -- -- 400 Treasury currency outstanding 7,936 + 16 + 627 7,946 93,822 + 663 +7,250 96,484 Currency in circulation 60,633 - 230 +4,023 60,728 Treasury cash holdings 398 - 9 - 108 398 Treasury deposits with F.R. Banks 2,413 + 878 +1,075 1,822 Foreign deposits with F.R. Banks 152 - 25 + 12 128 Other deposits with F.R. Banks 586 - 10 - 118 573 Other F.R. liabilities and capital 2,283 + 63 + 117 2,308 66,465 + 666 +5,002 65,957 Member bank reserves: With Federal Reserve Banks 27,357 _ 3 +2,249 30,527 Currency and coin 5,353 + 89 + 304 5,353 Total reserves held 32,710 + 86 +2,553 35,880 Required reserves 32,409 - 224 +2,300 32,409 Excess reserves 301 + 310 + 253 3,471 NOTE: A net of $22 million of deficit reserves were eligible to be carried forward from the week ended April 19, into the week ending April 26. On April 26, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,140 million, a decrease of $10 million for the week. _1/ Includes $60 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 dollfa rs) Wednesday Change since April 26, kpril 19, April 28, 1972 1972 1971 A S S E TS Gold certificate account 9,475 mm am -1,000 * 400 — — Special Drawing Rights certif. accts. Cash (1 ,166) 324 + 6 + 71 Loans 1,792 +1,547 +1,074 Acceptances--Bought outright 82 — + 29 Held under repurchase agreements 85 + 85 + 50 Federal Agency obligatons—Bought outright 979 + 169 + 979 Held under repurchase agreements 15 + 15 + 7 U. S. Government securities: Bought outright—Bills 30,197 + 331 +3,938 Certificates Notes 36,448 — +2,268 Bonds 3,540 — + 320 Total bought outright 1/ 70,185 + 331 +6,526 Held under repurchase agreements 1,076 +1,076 + 723 Total U.S. Government securities 71,261 +1,407 +7,249 Total loans and securities 74,214 +3,223 +9,388 Cash items in process of collection (3,592) 11,750 -1,052 + 409 Bank premises 162 — + 26 Other assets 2/ 940 + 57 - 121 TOTAL ASSETS (4,758) 97,265 +2.234 +8,773 k I A B I L IT I ES Federal Reserve notes (1,166) 53,391 - 197 +3,484 Deposits: Member bank—reserves account 30,447 +3,280 +4,620 U. S. Treasurer—general account 1,822 46 + 421 Foreign 128 14 5 Other 573 + 28 - 110 Total deposits 32,970 +3,248 +4,926 Deferred availability cash items (3,592) 8,596 - 884 + 250 Other liabilities and accrued dividends 553 + 5 + 43 TOTAL LIABILITIES (4,758) 95,510 +2,172 +8,703 £ £ £ I 1 £. L A C C O U N TS Capital paid in 762 1 + 41 Surplus 742 -- + 40 Other capital accounts 251 H 63 11 Contingent liability on acceptances purchased for foreign correspondents 265 30 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $60 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, APRIL 26, 1972 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Accept U. S. Government Federal Agency Loans -ances securities obligations Holdings Weekly Holdings Weekly changes Changes Within 15 days 1,788 105 5,728 +1,424 15 + 8 16 days to 90 days 4 62 16,947 - 99 74 + 7 91 days to 1 year 14,887 + 82 217 + 75 Over 1 year to 5 years 26,665 — 450 + 56 Over 5 years to 10 years 5,804 — 134 + 18 Over 10 years -- — 1,230 ~ 104 + 20 Total 1,792 167 71,261 +1,407 994 +184 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 APRIL 26, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago D alias York delphia land mond Louis apolis City Francisco (In millions of dollars) A S S E TS ! Gold certificate account | 9,475 633 463 557 660 554 491 2,312 448 232 278 386 2,461 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,166 132 248 118 56 85 250 49 21 15 38 44 110 Other cash 324 11 25 11 38 39 33 45 21 10 35 15 41 Loans 1,792 101 1,026 51 26 153 58 219 19 i 52 43 43 Acceptances: Bought outright 82 — 82 — — -- — -- -- -- .. __ Held under repurchase agreements 85 — 85 -- -- -- -- -- -- -- -- -- __ Federal Agency obligations-- Bought outright 979 45 251 51 75 73 52 161 36 19 39 45 132 Held under repurchase agreements 15 — 15 -- -- -- -- __ __ _ — m. «. U.S. Government securities: Bought outright-- Bills 30,197 1,399 7,738 1,579 2 ,305 2,263 1,594 4,966 1,112 595 1,212 1 ,380 4,054 Certificates: Other -- -- -- -- -- -- __ -- „„ „._ - . _ — -. Notes 36,448 1,688 9,339 1,905 2 ,782 2,731 1,924 5,995 1,343 718 1,464 1 ,665 4,894 Bonds 3,540 164 907 185 270 265 187 582 131 70 142 162 475 Total bought outright 1/ 70,185 3,251 17,984 3,669 T ,357 5,259 3,705 11,543 2,586 1,383 2,818 T ,207 9,423 Held under repurchase agreements 1,076 -- 1,076 -- -- -- — .- -- -- -- -- -- Total U.S. Government securities 71,261 3,251 19,060 3,669 ~5~, 357 5,259 3,705 11,543 2,586 "l,383 — 2,818~ ~y^ 207 ^75 Total loans and securities 74,214 3,397 20,519 3,771 5 ,458 5,485 3,815 11,923 2,641 1,403 2,909 3 ,295 9,598 Cash items in process of collection 15,342 881 2,500 927 1 ,071 1,173 1,715 2,343 808 550 1,259 i ,001 1,114 Bank premises 162 2 8 4 27 13 16 17 15 23 17 12 8 Other assets 2/ 940 66 _ 225 53 66 67 46 139 30 20 38 52 138 TOTAL ASSETS 102,023 5,145 24,081 5,464 7 ,409 7,452 6,388 16,898 3,999 2,260 4,589 4 ,819 13,519 y Includes $60 million securities 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 APRIL 26, 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 54,557 2,907 13,418 3,196 4,400 4,854 2,727 9,425 2,139 939 2,076 2,107 6,369 Deposits: Member bank reserves 30,447 1,224 7,452 1,303 1,793 1,423 1,842 5,014 988 698 1,323 1,633 5,754 U. S. Treasurer—general account 1,822 110 256 90 80 52 206 169 125 81 99 187 367 Foreign 128 5 1/ 39 6 11 6 8 18 4 3 5 7 16 Other 573 1 513 2 — 18 4 8 1 1 2 1 22 Total deposits 32,970 1,340 8,260 1,401 1,884 1,499 2,060 5,209 1,118 783 1,429 1,828 6,159 Deferred availability cash items 12,188 795 1,805 748 926 964 1,452 1,900 664 487 989 766 692 Other liabilities and accrued dividends 553 26 145 29 42 39 34 89 20 12 21 24 72 TOTAL LIABILITIES 100,268 5,068 23,628 5,374 7,252 7,356 6,273 16,623 3,941 2,221 4,515 4,725 1L 3.292 CAPITAL ACCOUNTS Capital paid in 762 33 196 39 69 40 52 118 25 17 33 42 98 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 251 10 64 13 20 18 13 46 8 5 9 11 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 102,023 5,145 24,081 5,464 7,409 7,452 6,388 16,898 3,999 2,260 4,589 4,819 1L 3.519 Contingent liability on ace. eptances purchased for forei- gn 265 12 2/ 69 14 24 14 18 39 9 6 11 15 34 correspondents FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 14,235 3,324 4,590 5,010 3,003 9,679 2,224 969 2,148 2,271 6,798 Collateral for F. R. notes: Gold certificate account 500 300 350 285 700 155 5 U. S. Government securities 13,950 3,150 4,400 4,815 3,100 9,300 2,130 1,000 2,225 2,330 7,000 Total collateral 3,150 14,450 3,450 4,750 5,100 3,100 10,000 2,285 1,000 2,225 2,335 7,000 1/ After deducting $ 89 million participations of other Federal Reserve Banks, 2_/ After deducting $196 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis