H.4.1 Factors Affecting Reserve Balances of Depository Institutions

OV <•'•' >l'/ FEDERAL RESERVE Factors Affecting Bank Reserves and ••?*»*•• Condition Statement of F.R. Banks H.4.1 For immediate release June 8, 1972 The average of daily figures for total reserves of member banks de clined $155 million in the latest statement week to $32,709 million. Required reserves and member bank borrowings at Federal Reserve Banks declined while ex cess reserves increased. Increases in currency in circulation and Treasury deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest statement week. Partially offsetting these reserve drains were an increase in float and a decline in foreign deposits with Federal Reserve Banks. In addition, System Open Market operations provided $111 million reserves net, on a weekly average basis. Excess reserves averaged $367 million and exceeded borrowings by $307 million. In the previous week member bank borrowings exceeded excess reserves by $121 million. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 7, May 31, June 9, June 7, and related items 1972 1972 1971 1972 (In millions c> f dollars) Reserve Bank credit: U.S. Government securities- Bought outright--System account 70,602 + 214 +6,264 1/70,610 Held under repurchase agreements 21 - 138 + 21 148 Special Certificates -- — - 94 — Federal Agency obligations—Bought outright 1,018 + 39 +1,018 1,118 Held under repurchase agreements 2 - 2 + 2 12 Acceptances— Bought outright 78 _ 1 + 14 76 Held under repurchase agreements 8 - 1 + 8 54 Loans- Member bank borrowings 60 • 194 93 136 Other Float 3,328 + 320 + 578 3,155 Other F.R. assets 878 + 71 - 33 893 Total Reserve Bank credit 75,995 + 308 +7,685 76,202 Gold Stock 10,410 -- + 78 10,410 Special Drawing Rights certif. acct. 400 -- -- 400 Treasury currency outstanding 8,023 + 12 + 619 8,028 94,828 + 320 +8,382 95,040 Currency in circulation 61,632 + 274 +3,781 61,936 Treasury cash holdings 361 - 14 - 133 360 Treasury deposits with F.R. Banks 2,559 + 381 +2,165 2,356 Foreign deposits with F.R. Banks 134 - 189 17 145 Other deposits with F.R. Banks 611 + 23 84 615 Other F.R. liabilities and capital 2,415 + 86 + 87 2,442 67,712 + 560 +5,799 67,854 Member bank reserves: With Federal Reserve Banks 27,116 _ 240 +2,582 27,186 Currency and coin 5,593 + 85 + 241 5,593 Total reserves held 32,709 - 155 +2,823 32,779 Required reserves 32,342 - 389 +2,529 32,342 Excess reserves 367 + 234 + 294 437 NOTE: A net of $43 million of surplus reserves were eligible to be carried forward from the week ended May 31, into the week ending June 7. On June 7, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,668 million, an increase of $74 million for the week. 1/ Includes $22 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„l(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday June 7, May 31, June 9, 1972 1972 1971 A S S E TS Gold certificate account 10,303 + 228 Special Drawing Rights certif.. accts. 400 Cash (918) 315 3 + 43 Loans 136 -1,456 - 454 Acceptances—Bought outright 76 2 + 14 Held under repurchase agreements 54 11 + 54 Federal Agency obligations—Bought outright 1,118 + 139 +1,118 Held under repurchase agreements 12 13 4- 12 U.S. Government securities: Bought outright--Bills 30,622 + 118 44,118 Certificates - Special - 582 - Other Notes 36,448 +2,141 Bonds 3,540 + 320 Total bought outright 1/ 70,610 + 118 +5,997 Held under repurchase agreements 148 - 967 + 148 Total U.S. Government securities 7700,, 758 - 849 +6,145 Total loans and securities 7722,, 154 -2,192 +6,889 Cash items in process of collection (3,111) 11,102 + 47 +1,133 Bank premises 163 -- + 22 Other assets 2y 730 + 48 - 84 TOTAL ASSETS (4,029) 95,167 •2,100 +8,231 L I A B I L I T I ES Federal Reserve notes (918) 54,476 + 227 +3,256 Deposits: Member banks—reserves account 27,106 -2,392 +2,202 U.S. Treasurer—general account 2,356 + 212 +2,349 Foreign 145 12 - 49 Other 615 + 31 - 53 Total deposits 30,222 -2,161 +4,449 Deferred availability cash items (3,111) 8,027 - 220 + 429 Other liabilities and accrued dividends 570 10 + 20 TOTAL LIABILITIES (4,029) 93,295 -2,164 +8,154 C A P I T AL A C C O U N T S, Capital paid in 771 + 46 Surplus 742 + 40 Other capital accounts 359 61 9 Contingent liability on acceptances purchased for foreign correspondents 256 15 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $22 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, JUNE 7, 1972 (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 Federal Agency Accept securities obligations Loans ances Weekly Weekly Holdings Holdings m changes changes Within 15 days T33 $T 4,29? 75T IT 16 days to 90 days 3 43 16,524 + 42 +630 120 91 days to 1 year 18,864 - 41 -717 180 Over 1 year to 5 years 24,039 + 85 494 Over 5 years to 10 years 5,804 + 64 196 Over 10 years " — 1.230 ^ + 24 128 Total 136 130 70,758 -849 1,130 +126 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 JUNE 7, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Da Has York delphia land mond Louis apolis City Francisco (1'. n millions of dollars) A S S E TS Gold certificate account 10,303 371 2,530 427 909 787 345 1,799 289 162 355 308 2,021 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 918 125 200 72 47 79 182 35 20 15 38 28 77 Other cash 315 12 21 10 38 39 36 46 17 9 34 15 38 Loans ! 136 5 31 23 -7 5 20 23 10 -> - -* Acceptances: Bought outright 76 -- 76 -- -" -- -- -- -- -- -- -- Held under repurchase agreements 54 -- 54 -- "- -- -- -- -- -- -- -- -- Federal Agency obligations-- Bought outright 1,118 53 285 59 87 83 60 182 42 23 45 51 148 Held under repurchase agreements 12 -- 12 -- -- -- -- -- -- -- -- -- -- U.S. Government securities: Bought outright-- Bills 30,622 1,454 7,817 1,605 2,373 2,287 1,659 4,992 1,144 617 1,231 1 ,392 4,051 Certificates: Other -- -- -- -- -- -- -- -- -- -- -- __ -- Notes | 36,448 1,731 9,304 1,910 2,825 2,722 1,975 5,942 1,361 734 1,466 1 ,657 4,821 Bonds 3,540 168 904 186 274 265 192 577 132 71 142 161 468 Total bought outright \J 70,610 3,353 18,025 3,701 5,472 5,274 3,826 11,511 2,637 T, 422 2,839 3", 210 9,340 Held under repurchase agreements 148 -- 148 -- -- -- -- -- -- -- -- -- -- Total U.S. Government securities 70,758 3,353 18,173 3,701 5,472 5,274 3,826 11,511 2,637 r, 422 2,839 3~, 210 9,340 Total loans and securities 72,154 3,411 18,631 3,783 5,566 5,363 3,906 11,716 2,689 i ,448 2,889 3 ,261 9,491 Cash items in process of collection 14,213 857 2,519 842 1,014 1,021 1,537 2,259 757 551 859 951 1,046 Bank premises 163 2 8 4 27 13 16 17 15 24 17 12 8 Other assets 2/ 730 57 185 45 49 51 34 102 23 16 29 43 96 TOTAL ASSETS 99,196 4,858 24,187 5,206 7,683 7,389 6,078 16,044 3,825 2 ,232 4,236 4 ,632 12,826 \J Includes $22 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 JUNE 7, 1972 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 55,394 2,940 13,618 3,260 4,429 4,875 2,785 9,490 2,173 965 2,139 2,140 6,580 Deposits: Member bank reserves 27,106 1 921 7,457 1,015 1,915 1,316 1,654 3,945 802 616 1,012 1,445 5,008 U. S. Treasurer—general account 2,356 119 215 148 235 195 189 324 164 127 265 207 168 Foreign 145 6 1/ 46 7 12 7 9 20 5 3 6 7 17 Other 615 * 543 3 — 15 5 9 1 1 2 3 33 Total deposits 30,222 1,046 8,261 1,173 2,162 1,533 1,857 4,298 972 747 1,285 1,662 5,226 Deferred availability cash items 11,138 761 1,681 648 882 836 1,275 1,872 597 466 712 706 702 Other liabilities and accrued dividends 570 28 144 30 45 40 39 90 21 13 22 25 73 TOTAL LIABILITIES 97,324 4,775 23,704 5,111 7,518 7,284 5,956 15,730 3,763 2,191 4,158 4,533 12,581 CAPITAL ACCOUNTS Capital paid in 771 34 200 39 70 40 53 119 25 17 33 42 99 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 359 15 90 18 27 27 19 64 12 7 13 16 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 99,196 4,858 24,187 5,206 7,683 7,389 6,078 16,044 3,825 2,232 4,236 4,632 12,826 Contingent liability on ace. eptances purchased for forei- gn correspondents 256 12 2/ 67 13 23 13 17 38 9 6 11 14 33 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 14,371 3,337 57535 57513 2,989 9,666 2,268 "995 2,208 2,265 6,893 Collateral for F. R. notes: Gold certificate account 300 350 285 700 155 5 U. S. Government securities 14,650 3,150 4,400 4,815 3,100 9,300 2,180 1,020 2,300 2,330 7,200 Total collateral 3,150 14,650 3,450 4,750 5,100 3,100 10,000 2,335 1,020 2,300 2,335 7,200 \J After deducting $ 99 million participations of other Federal Reserve Banks, * Less than $500,000. 2/ After deducting $189 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis