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 June 15, 1972 The average of daily figures for total reserves of member banks de clined $261 million in the latest statement week to $32,448 million. Required and excess reserves declined while member bank borrowings at Federal Reserve Banks increased. Major factors absorbing reserves in the latest statement week were a decline in float and an increase in currency in circulation. A decline in other Federal Reserve liabilities and capital was the only factor supplying a significant amount of reserves. In addition, System Open Market operations provided $78 million reserves net, on a weekly average basis. Excess reserves averaged $139 million and exceeded borrowings by $46 million compared to $307 million in the previous week. Average*3 Of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 14, June 7, June 16, June 14, and related items 1972 1972 1971 ^972 (Iii mi 1lions of dollars) Reserve Bank credit: U.S. Government securities-- Bought outright-~System account 70,610 + 8 +6,735 1/70,610 Held under repurchase agreements -- - 21 -- -- Special Certificates -- -- • 510 -- Federal Agency obligations-- Bought outright 1,118 + 100 +1,118 1,118 Held under repurchase agreements 2 Acceptances-- Bought outright 79 1 16 73 Held under repurchase agreements 8 Ldans-- Member bank borrowings 93 33 310 65 Other Float 2,981 _ 347 + 354 3,465 Other F.R. assets 896 + 18 63 940 Total Reserve Bank Credit 75,777 - 218 +7,140 76,271 Gold Stock 10,410 -- + 78 10,410 Special Drawing Rights certif. acct. 400 -- -- 400 Treasury currency outstanding 8,032 + 9 + 615' 8,037 94,619 - 209 +8,033 95,118 Currency in circulation 61,944 + 312 +3,866 62,123 Treasury cash holdings 354 - 7 - 140 357 Treasury deposits with F.R. Banks 2,602 + 43 +2,593 2,121 Foreign deposits with F.R. Banks 138 + 4 12 126 Other deposits with F.R. Banks 588 - 23 - 107 533 Other F.R. liabilities and capital 2,203 - 212 + 55 2,223 67,829 + 117 +6,255 67,483 Member bank reserves: With Federal Reserve Banks 26,790 _ 326 +1,778 27,635 Currency and coin 5,658 + 65 + 445 5,658 Total reserves held 32,448 - 261 +2,223 33,293 Required reserves 32,309 - 33 +2,350 I 32,309 Excess reserves 139 - 228 - 127 984 NOTE: A net of $187 million of surplus reserves were eligible to be carried forward from the week ended June 7, into the week ending June 14. On June 14, 1972 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,805 million, an increase of $137 million for the week. 1/ Includes $51 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 June 14, June 7/ June lb, 1972 1972 1971 A S S E TS 10,303 — + 228 Gold certificate account 400 -- — Special Drawing Rights certif. accts. Cash (902) 315 + 41 65 71 - 196 Loans 73 3 + 11 Acceptances — Bought outright -_ - . 54 -- Held under repurchase agreements 1,118 +1,118 Federal Agency obligations—Bought outright 12 Held under repurchase agreements U.S. Government securities: 30,622 +4,505 Bought outright—Bills - 349 Certificates - Special - Other Notes 36, 448 +2,141 Bonds 3, 540 + 320 Total bought outright 1/ 70,610 +6,617 148 Held under repurhcase agreements Total U.S. Government securities 70,610 - 148 +6,617 Total loans and securities 71,866 - 288 +7»550 Cash items in process of collection (3,507) 12,465 +1,330 + 212 163 -- + 20 Bank premises 777 + 47 64 Other assets 2/ TOTAL ASSETS (4,409) 96,289 +1.089 +7,987 LIABILITIES. Federal Reserve notes (902) 54,651 + 175 +3,376 Deposits: Member banks—reserves account 27,555 + 416 +3,008 U.S. Treasurer—general account 2,121 - 235 +2,114 126 19 - 53 Foreign 533 82 - 171 Other 30,335 + 80 +4,898 Total deposits Deferred availability cash items (3,507) 9,080 +1,053 - 385 559 11 + 22 Other liabilities and accrued dividends TOTAL LIABILITIES (4,409) 94,625 +1,297 +7,911 C AM T AL A C C O U N TS 770 46 Capital paid in 742 40 Surplus 152 207 10 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 252 12 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Includes $51 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 14, 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 Loans Accept securities obligations ances Holdings Weekly Holdings Weekly Changes changes Within 15 days 61 28 4,079 -218 12 16 days to 90 days 4 45 16,411 -113 142 +22 91 days to 1 year -- 19,047 +183 163 -17 Over 1 year to 5 years — 24,039 -- 480 -14 Over 5 years to 10 years -- 5,804 — 197 + 1 Over 10 years —. — 1,230 — 124 - 4 Total 65 73 70,610 •148 1,118 -12 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.100 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 14, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Dallas York delphia land mond Louis apolis City Francisco 0I n millions of dollars) A S S E TS Gold certificate account 10,303 475 2,300 468 911 757 449 2,029 318 223 252 406 1,715 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 902 123 203 69 45 76 171 37 19 15 41 31 72 Other cash 315 13 22 10 37 39 35 44 19 9 34 15 38 Loans 65 — 9 — — 5 30 12 2 2 5 — — Acceptances: Bought outright 73 — 73 — -- — -- -- — -- -- -- — Held under repurchase agreements — -- -- -_ — -- — -- — -- -- -t Federal Agency obligations-- Bought outright ! 1,118 53 285 59 87 83 60 182 42 23 45 51 148 Held under repurchase agreements — -_ — -- — -- — -• -- -- -- -- -- 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 1/ 70,610 3,353 18,025 3,701 5,472 5,274 3,826 11,511 2,637 1,422 2,839 3"^ ToT 97340 Held under repurchase agreements — -_ — — — — — -- — — -- — — Total U.S. Government securities 70,610 3,353 18,025 3,701 5,472 5,274 3,826 11,511 2,637 1,422 2,839 3", 210 9,340 Total loans and securities 1 71,866 3,406 18,392 3,760 5,559 5,362 3,916 11,705 2,681 1,447 2,889 3 ,261 9,488 Cash items in process of collection 15,972 931 2,729 894 1,142 1,204 1,706 2,726 868 619 972 1 ,046 1,135 Bank premises 163 2 8 4 27 13 16 17 15 24 17 12 8 Other assets 2/ 777 59 199 45 54 54 38 110 25 17 27 31 118 TOTAL ASSETS 100,698 5,032 23,946 5,273 7,808 7,541 6,353 16,738 3,960 2,361 4,247 4 ,816 12,623 JL/ Includes $51 million securities loaned- -fully secured by U.S. Government securities pledged with Federal Reserve Banks, 7J 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 14, 1972 1" New Phila Cleve Rich St. Minne San Kansas 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 55,553 2,952 13,635 3,274 4,450 4,884 2,806 9,499 2,179 969 2,152 2,145 6,608 Deposits: Member bank reserves 27,555 1,032 7,126 1,053 1,828 1,288 1,807 4,473 866 682 1,094 1,569 4,737 U. S. Treasurer—general account 2,121 112 254 123 325 208 139 292 118 129 74 164 183 Foreign 126 6 1/ 34 6 11 6 9 19 4 3 5 7 16 Other 533 2 473 2 1 14 3 6 -- * 2 2 28 Total deposits 30,335 1,152 7,887 1,184 2,165 1,516 1,958 4,790 988 814 1,175 1,742 4,964 Deferred availability cash items 12,587 827 1,850 702 1,000 1,012 1,443 2,101 717 528 828 814 765 Other liabilities and accrued dividends 559 28 142 29 44 40 34 89 21 13 21 26 72 TOTAL LIABILITIES 99,034 4,959 23,514 5,189 7,659 7,452 6,241 16,479 3,905 2,324 4,176 4,727 12,409 CAPITAL ACCOUNTS Capital paid in 770 33 200 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 152 6 39 7 11 11 9 29 5 3 6 6 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 100,698 5,032 23,946 5,273 7,808 7,541 6,353 16,738 3,960 2,361 4,247 4,816 12,623 Contingent liability on ace: eptances purchased for forei- gn c orrespondents 252 11 2/ 66 13 23 13 17 37 9 6 11 14 32 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 57,976 3,112 14,463 3,342 4,611 5,026 3,018 9,689 2,268 997 2,230 2,278 6,942 Collateral for F. R. notes: Gold certificate account 1,945 150 300 350 285 700 155 5 U. S. Government securities 57,245 3,000 14,650 3,150 4,400 4.815 3.100 9.300 2,180 1.020 2,300 2.330 7.000 Total collateral 59,190 3,150 14,650 3,450 4,750 5,100 3,100 10,000 2,335 1,020 2,300 2,335 7,000 1/ After deducting $ 92 million participations of other Federal Reserve Banks, 2/ After deducting $186 million participations of other Federal Reserve Banks. * Less than $500,000, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis