H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Of GOV', FEDERAL RESERVE Factors Affecting Bank Reserves and ''•?f^^>-' Condition Statement of F.R. Banks H.4.1 For immediate release June 22, 1972 The average of daily figures for total reserves of member banks in creased $154 million in the latest statement week to $32,602 million. Required and excess reserves increased while member bank borrowings at Federal Reserve Banks declined. Major factors supplying reserves in the latest statement week were an increase in float and a decline in Treasury deposits with F. R. Banks. System Open Market operations absorbed $410 million reserves on a weekly average basis. Excess reserves averaged $211 million and exceeded borrowings by $154 million compared to $46 million in the previous week. Averages of daily if igures Member bank reserves, Week ended Chang e from week ended Wednesday, Reserve Bank credit, June 21, June 14, June 23, June 21, and related items 1972 1972 1971 1972 Reserve Bank credit: (Irl millions of dollars) U.S. Government securities-- Bought outright--System account 70,207 - 403 +6,090 1/70,180 Held under repurchase agreements — -- - 162 -- Federal Agency obligations-- Bought outright 1,118 __ +1,118 1,118 Held' under repurchase agreements ~ -- - 23 -- Acceptances- Bought outright 72 7 + 10 66 Held under repurchase agreements -- -- 28 -- Loans- Member bank borrowings 57 36 • 562 181 Other Float 3,709 + 728 + 792 3,964 Other F.R. assets 941 + 45 66 1,012 Total Reserve Bank credit 76,104 + 327 +7,168 76,521 Gold stock 10,410 — + 78 10,410 Special Drawing Rights certif. acct. 400 — — 400 Treasury currency outstanding 8,055 + 23 + 626 8,057 94,969 + 350 +7,872 95,388 Currency in circulation 61,958 + 14 +3,953 62,014 Treasury cash holdings 355 + 1 - 138 368 Treasury deposits with F.R. Banks 2,435 - 167 +1,765 2,954 Foreign deposits with F.R. Banks 150 + 12 5 186 Other deposits with F.R. Banks 575 - 13 - 114 554 Other F.R. liabilities and capital 2,253 + 50 + 84 2,290 67,726 - 103 +5,545 68,366 Member bank reserves: With Federal Reserve Banks 27,243 + 453 +2,327 27,022 Currency and coin 5,359 - 299 + 356 5,359 Total reserves held 32,602 + 154 +2,683 . 32,381 Required reserves 32,391 + 82 +2,682 32,391 Excess reserves 211 + 72 + 1 10 NOTE: A net of $106 million of surplus reserves were eligible to be carried forward from the week ended June 14, into the week ending June 21. On June 21, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $28,989 million, an increase of $184 million for the week. 1/ Includes $66 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 21, June 14, ".' June 23, 1972 1972 I 1971 A S S E TS Gold certificate account 10,303 — + 228 Special Drawing Rights certif. accts. * 400 -- — Cash 66) 316 + 1 + 28 Loans 181 + 116 - 450 Acceptances--Bought outright 66 - 7 + 4 Held under repurchase agreements -- -- - 64 Federal Agency obligatons—Bought outright 1,118 -- +1,118 Held under repurchase agreements -- -- - 53 U. S. Government securities: Bought outright—Bills 30,282 340 +3,169 Certificates Notes 36,448 — +2,141 Bonds 3,450 - 90 + 230 Total bought outright 1/ 70,180 - 430 +5,540 Held under repurchase agreements -- -- - 288 Total U.S. Government securities 70,180 - 430 +5,252 Total loans and securities 71,545 - ITT +5,807 Cash items in process of collection (3,629) 12,604 + 117 +1,898 Bank premises 163 -- + 20 Other assets 2/ 849 + 72 - 55 TOTAL ASSETS (4,595) 96^180 - 131 +7,926 L I A 1 I*L II IE. S. Federal Reserve notes (966) 54,534 117 +3,394 Deposits: Member bank—reserves account 26,942 - 635 +1,727 U. S. Treasurer—general account 2,954 + 833 +2,235 Foreign 186 + 60 + 5 Other 554 + 21 -• 147 Total deposits 30,636 + 279 +3,820 Deferred availability cash items (3,629) 8,720 - 360 + 619 Other liabilities and accrued dividends 562 + 3 + 14 TOTAL LIABILITIES (4,595) 94,452 - 195 +7,847 C A P I T AL A £ £ 2 n ii Capital paid in "~ 772 + 2 + 45 Surplus 742 -- + 40 Other capital accounts 214 + 62 6 Contingent liability on acceptances purchased for foreign correspondents 252 22 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Includes $66 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 21 1972 r (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 177 24 4,630 + 551 32 20 16 days to 90 days 4 42 15,662 - 749 123 19 91 days to 1 year -- 18,815 - 232 162 1 Over 1 year to 5 years -- 24,039 -- 480 Over 5 years to 10 years -- 5,804 -- 197 Over 10 years -- — 1,230 — 124 Total TsT 66 70,180 - 430 1,118 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 21, 1972 New Phila Cleve Rich St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apol is City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 10,303 461 2,102 528 716 819 417 1,958 411 102 429 379 1,981 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 966 124 216 67 53 85 176 42 22 17 41 40 83 Other cash 316 12 22 11 37 40 36 45 19 8 35 15 36 Loans 181 2 129 ~- - 18 13 6 4 2 6 1 - Acceptances: Bought outright 66 -- 66 -- -- — -- -- -- -- -. -- -- Held under repurchase agreements -- -- -. -- -- _- -- -- -- -- -- -- -- 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 30,282 1,438 7,730 1,587 2,347 2,261 1,641 4,937 1,131 611 1,217 1,376 4,006 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 3,450 164 881 181 267 258 187 • 562 129 69 139 157 456 Total bought outright 1/ 70,180 3,333 17,915 3,678 5,439 5,241 3,803 11,441 2,621 r, 414 2,822 3,190 9,283 Held under repurchase agreements 1 -- -- -- -- -- -- — -- -- -- -- -- -- Total U.S. Government securities 70,180 3,333 17,915 3,678 5,439 5,241 3,803 11,441 2,621 rr 4L4~ 2,822 3,190 9,283 Total loans and securities 71,545 3,388 18,395 3,737 5,526 5,342 3,876 11,629 2,667 1, 439 2,873 3,242 9,431 Cash items in process of collection 16,233 1,001 2,823 915 1,191 1,176 1,724 2,678 848 637 1,056 1,024 1,160 Bank premises 163 2 8 4 27 13 16 17 15 24 17 12 8 Other assets 2/ 849 62 227 46 56 59 39 115 27 18 30 46 124 TOTAL ASSETS 100,775 5,073 23,886 5,331 7,639 7,570 6,306 16,554 4,024 2 ,252 4,496 4,772 12,872 1/ Includes $66 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 21, 1972 New Phila Cleve Rich St. Minne Kansas San 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 55,500 2,949 13,651 3,274 4,443 4,876 2,800 9,499 2,173 968 2,147 2,138 6,582 Deposits: Member bank reserves 26,942 ! 933 6,827 983 1,781 1,394 1,764 4,243 858 576 1,225 1,487 4,871 U. S. Treasurer—general account 2,954 232 468 225 213 177 202 381 207 121 169 240 319 Foreign 186 8 V 49 10 17 10 13 27 6 4 8 10 24 Other 554 1 496 2 — 13 3 7 1 * 3 2 26 Total deposits 30,636 1,174 7,840 1,220 2,011 1,594 1,982 4,658 1,072 701 1,405 1,739 5,240 Deferred availability cash items 12,349 847 1,809 720 986 966 1,368 2,039 701 530 849 778 756 Other liabilities and accnl ed dividends 562 27 137 29 44 30 41 89 21 15 22 25 72 TOTAL LIABILITIES 99,047 4,997 23,437 5,243 7,484 7,476 6,191 16,285 3,967 2,214 4,423 4,680 12,650 CAPITAL ACCOUNTS Capital paid in 772 33 200 39 71 40 53 119 25 18 33 42 99 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 214 9 56 11 16 16 12 39 7 3 8 9 28 TOTAL LIABILITIES AND 100,775 5,073 23,886 5,331 7,639 7,570 6,306 16,554 4,024 2,252 4,496 4,772 12,872 CAPITAL ACCOUNTS Contingent liability on ace. eptances purchased for forei- gn correspondents 252 11 2/ 66 13 23 13 17 38 8 6 11 14 32 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 3,120 14,479 3,350 4,613 5,036 3,041 9,708 2,267 1,002 2,235 2,285 6,967 Collateral for F. R. notes: Gold certificate account 150 300 350 285 700 155 5 U. S. Government securities 3,000 14,650 3.150 4.400 4.815 3.100 9.300 2.180 1.Q3Q 2,300 2.330 7 200 r Total collateral 3,150 14,650 3,450 4,750 5,100 3,100 10,000 2,335 1,030 2,300 2,335 7,200 1/ After deducting $137 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