H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.-•qfGovy •. FEDERAL RESERVE Factors Affecting Bank Reserves and ••?^^e- Condition Statement of F.R. Banks H.4.1 For immediate release August 3, 1972 The average of daily figures for total reserves of member banks increased $61 million in the latest statement week to $33,125 million. Required reserves de clined while excess reserves and member bank borrowings at Federal Reserve Banks increased. A seasonal decline in float was the major factor absorbing reserves in the latest statement week. This reserve drain was partially offset by a decline in foreign deposits with Federal Reserve Banks. In addition, System Open Market oper ations provided $88 million reserves net, on a weekly average basis through repur chase agreements. Member bank borrowings averaged $364 million and exceeded excess reserves by $137 million compared to $79 million for the previous week. Averages of daily figures Member bank reserves, Week ended Chans* e from week ended Wednesday, Reserve Bank credit, Aug. 2, * July 26, Aug. 4, Aug. 2, * and related items 1972 1972 1971 1972 Reserve Bank credit: (Irl mil]L ions of dollars) U.S. Government securities-- Bought outright—System account 70,822 - 8 +5,000 1/70,823 Held under repurchase agreements 92 + 92 - 215 632 Federal Agency obligations-- Bought outright 1,068 _ 11 +1,068 1,041 Held under repurchase agreements 8 + 8 - 45 48 Acceptances-- Bought outright 63 - 2 + 9 63 Held under repurchase agreements 9 + 9 5 55 Loans-- Member bank borrowings 364 + 193 - 400 1,273 Other Float 3,171 • 545 + 588 3,276 Other F.R. assets 1,212 + 56 10 1,231 Total Reserve Bank credit 76,809 - 208 +5,990 78,442 Gold stock 10,410 -- + 78 10,410 Special Drawing Rights certif, acct. 400 -- -- 400 Treasury currency outstanding 8,096 + 7 + 653 8,101 95,715 - 201 +6,721 97,353 Currency in circulation 62,447 - 83 +3,756 62,633 Treasury cash holdings 336 + 1 - 148 345 Treasury deposits with F.R. Banks 2,464 - 69 +1,343 2,137 Foreign deposits with F.R. Banks 150 - 121 24 168 Other deposits with F.R. Banks 611 + 27 - 135 689 Other F.R. liabilities and capital 2,377 + 74 + 55 2,418 68,385 - 171 +4,847 68,390 Member bank reserves: With Federal Reserve Banks 27,330 _ 30 +1,874 28,962 Currency and coin 5,795 + 91 + 357 5,795 Total reserves held 33,125 + 61 +2,231 34,757 Required reserves 32,898 - 74 +2,438 32,898 Excess reserves 227 + 135 - 207 1,859 NOTE: A net of $58 million of surplus reserves were eligible to be carried forward from the week ended July 26, into the week ending August 2. On August 2, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,923 million, an increase of $184 million for the week. JL/ Includes $134 million securities loaned--fully secured by U.S. Government securi ties pledged with Federal Reserve Banks. * Estimated (Chicago District). 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 Aug. 2, July 26, Aug. 4, ** 1972 1972 1971 A S S E TS Gold certificate account 10,303 + 228 Special Drawing Rights certif. accts. 400 Cash (1,105) 322 + 5 + 54 Loans 1,273 + 636 + 618 Acceptances--Bought outright 63 1 + 12 Held under repurchase agreements 55 + 55 + 8 Federal Agency obligations—Bought outright 1,041 38 +1,041 Held under repurchase agreements 48 48 - 112 U. S. Government securities: Bought outright—Bills 30,725 57 +2,473 Certificates Notes 36,596 +2,242 Bonds 3,502 + 267 Total bought outright 1/ 70,823 57 +4,982 Held under repurchase agreements 632 632 - 583 Total U.S. Government securities 71,455 + 575 +4,399 Total loans and securities 73,935 +1,275 +5,966 Cash items in process of collection (3,235) 11,656 36 +1,266 Bank premises 164 + 1 + 20 Other assets 2/ 1.067 + 62 - 70 TOTAL ASSETS (4,340) 97,847 +1,307 +7,464 L I A B I L I T I ES Federal Reserve notes (1,105) 55,093 + 45 +3,118 Deposits: Member bank--reserves account 28,882 +1 ,104 +2,413 U. S. Treasurer—general account 2,137 - 353 +1,404 Foreign 168 + 12 10 Other 689 + 88 - 35 Total deposits 31,876 + 851 +3,772 Deferred availability cash items (3,235) 8,460 + 321 + 549 Other liabilities and accrued dividends 577 + 32 - 44 TOTAL LIABILITIES (4,340) 96,006 +1 ,249 +7,395 C A P I T AL A C C O U N TS Capital paid in 773 mm mm + 42 Surplus 742 — + 40 Other capital accounts 326 '- 58 13 Contingent liability on acceptances purchased for foreign correspondents 263 34 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $134 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks Q 2/ Includes assets denominated in foreign currencies. ** Estimated (Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 2, 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 1,272 74 6,175 +1 ,496 48 +10 16 days to 90 days 1 44 15,089 - 891 99 91 days to 1 year — — 18,921 - 30 146 Over 1 year to 5 years — — 24,108 -- 475 Over 5 years to 10 years -- — 5,913 — 197 Over 10 years — — 1,249 — 124 Total 1,273 118 71,455 + 575 1,089 +10 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Ub) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 2, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago* Louis apolis City Dallas Francisco 0 .n millions of dollars) A S S E TS Gold certificate account 10,303 538 787 452 832 926 529 2,192 413 209 289 525 2,611 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,105 155 221 55 52 113 176 52 46 31 52 47 105 Other cash 322 14 22 12 36 41 36 45 20 8 37 14 37 Loans 1,273 56 706 59 150 16 2 229 3 2 3 1 46 Acceptances: Bought outright 63 -- 63 — -- -- — — -- -- -_ -- .. Held under repurchase agreements 55 -- 55 -- -- .- -- -- -- -- -- -- -- Federal Agency obligations— Bought outright 1,041 48 266 56 80 76 56 167 39 20 45 47 141 Held under repurchase agreements 48 -- 48 -- -- -- -- -- -- -- -- -- -- U.S. Government securities: Bought outright-- Bills 30,725 1,415 7,849 1,652 2,347 2,253 1,656 4,917 1,142 601 1,329 1 ,403 4,161 Certificates: Other -- -- -- -- -- -- -- -- -- -- -- .. __ Notes 36,596 1,686 9,349 1,967 2,796 2,683 1,973 5,857 1,360 716 1,583 1 ,671 4,955 Bonds 3,502 161 895 188 267 257 189 561 130 69 151 160 474 Total bought outright _1/ 70,823 3,262 18,093 3,807 5,410 5,193 3,818 11,335 2,632 1,386 3,063 J ,234 9,590 Held under repurchase agreements 632 -- 632 -- -- -- -- -- -- -- -- -- -- Total U.S. Government securities 71,455 3,262 18,725 3,807 5,410 5,193 3,818 11,335 2,632 1,386 3,063 3"^ 234- 93*90 Total loans and securities 73,935 3,366 19,863 3,922 5,640 5,285 3,876 11,731 2,674 1,408 3,111 3 ,282 9,777 Cash items in process of collection 14,891 868 2,497 920 1,076 1,148 1,660 2,238 782 573 969 976 1,184 Bank premises 164 2 8 4 27 13 16 17 15 25 17 12 8 Other assets 2/ 1,067 75 268 61 75 78 53 155 36 23 43 50 150 TOTAL ASSETS 102,187 | 5,041 23,759 5,449 7,771 7,640 6,368 16,500 4,001 2,284 4,533 4 ,920 13,921 l_/ Includes $134 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. * Estimated (Chicago District). 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 AUGUST 2, 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 56,198 2,969 13,911 3,333 4,476 4,937 2,819 9,568 2,206 973 2,177 2,162 6,667 Deposits: Member bank reserves 28,882 ! 1,069 6,390 1,147 1,997 1,395 1,912 4,486 894 677 1,208 1,772 5,935 U. S. Treasurer—general account 2,137 107 378 140 146 185 127 239 179 85 225 129 197 Foreign 168 7 1/ 61 7 13 7 10 22 5 3 6 8 19 Other 689 1 623 5 19 5 2 1 * 2 3 28 Total deposits 31,876 1,184 7,452 1,299 2,156 1,606 2,054 4,749 1,079 765 1,441 1,912 6,179 Deferred availability cash items 11,695 780 1,771 692 931 954 1,339 1,809 633 492 813 723 758 Other liabilities and accrtl ed dividends 577 27 148 31 44 41 35 90 21 13 24 26 77 TOTAL LIABILITIES 100,346 4,960 23,282 5,355 7,607 7,538 6,247 16,216 3,939 2,243 4,455 4,823 13,681 CAPITAL ACCOUNTS Capital paid in 773 33 200 39 71 40 53 119 26 18 33 42 99 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 326 14 84 17 25 24 18 54 11 6 13 14 46 TOTAL LIABILITIES AND 102,187 5,041 23,759 5,449 7,771 7,640 6,368 16,500 4,001 2,284 4,533 4,920 13,921 CAPITAL ACCOUNTS Contingent liability on ace: eptances purchased for forei- gn correspondents 263 12 2/ 68 14 24 14 18 39 9 6 11 14 34 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 58,854 3,164 14,656 3,419 4,627 5,127 3,070 9,831 2,309 1,009 2,265 2,309 7,068 Collateral for F. R. notes: Gold certificate account 1,945 150 300 350 285 700 155 5 U. S. Government securiti. es 58,055 3,050 14,850 3,250 4,400 4,915 3,150 9,300 2,230 1,030 2,300 2,380 7,200 Total collateral 60,000 3,200 14,850 3,550 4,750 5,200 3,150 10,000 2,385 1,030 2,300 2,385 7,200 \J After deducting $107 million participations of other Federal Reserve Banks, * Less than $500,000. 2J After deducting $195 million participations of other Federal Reserve Banks. ** Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis