H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE ^Factors Affecting Bank Reserves and ?f«£V "Condition Statement of F.R. Banks H.4.1 For immediate release August 17, 1972 The average of daily figures for total reserves of member banks increased $290 million in the latest statement week to $33,404 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. Declines in Treasury deposits with Federal Reserve Banks and other Federal Reserve liabilities and capital were the major factors supplying reserves in the latest statement week. Partially offsetting these reserve gains were an increase in currency in circulation and a decline in other Federal Reserve assets. In addition, System Open Market operations absorbed $57 million reserves net, on a weekly average basis. Member bank borrowings averaged $381 million and exceeded excess reserves by $70 million compared to the revised figure of $178 million for the previous week. Averages of daily iE igures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, August 16, August 9, August 18, August 16, and related items 1972 1972 1971 1972 Reserve Bank credit: (Irl millions of dollars) U.S. Government securities- Bought outright—System account 70,753 _ 63 +4,797 1/70,862 Held under repurchase agreements 117 - 17 + 16 649 Federal Agency obligations- Bought outright 1,169 + 18 +1,169 1,169 Held under repurchase agreements 6 + 5 4 29 Acceptances- Bought outright 66 _ 1 + 19 68 Held under repurchase agreements 17 + 1 + 17 77 Loans — Member bank borrowings 381 + 94 • 798 535 Other Float 3,312 + 28 + 620 3,576 Other F.R. assets 1,112 - 153 + 68 676 Total Reserve Bank credit 76,932 - 89 +5,903 77,641 Gold stock 10,410 -- + 278 10,410 Special Drawing Rights certif. acct. 400 -- -- 400 Treasury currency outstanding 8,135 + 19 + 678 8,146 95,877 - 71 +6,859 96,597 Currency in circulation 62,921 + 240 +3,809 63,018 Treasury cash holdings 313 - 17 - 160 319 Treasury deposits with F.R. Banks 2,132 - 399 +1,094 1,792 Foreign deposits with F.R. Banks 167 + 8 9 171 Other deposits with F.R. Banks 611 - 22 - 119 658 Other F.R. liabilities and capital 2,235 - 144 + 45 2,266 68,377 - 336 +4,658 68,224 Member bank reserves: With Federal Reserve Banks 27,499 + 264 +2,201 28,374 Currency and coin 5,905 + 26 + 598 5,905 Total reserves held 33,404 + 290 +2,799 34,279 Required reserves 33,093 + 88 +2,712 33,093 Excess reserves 311 + 202 + 87 1,186 NOTE: A net of $92 million of surplus reserves were eligible to be carried forward from the week ended August 9, into the week ending August 16. On August 16, 1§72, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,580 million, an increase of $320 million for the week. 1/ Includes $54 million securities loaned—fully secured by U.S. Government securi ties 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 August 16, August 9, August 18, 1972 1972 1971 A S S E TS Gold certificate account 10,303 + 428 Special Drawing Rights certif. accts. * 400 Cash (1,026) 325 + 2 + 51 Loans 535 - 308 - 588 68 + 3 + 16 Acceptances--Bought outright 77 - 20 + 77 Held under repurchase agreements Federal Agency obligations--Bought outright 1,169 +1,169 • 26 - 39 Held under repurchase agreements 29 U. S. Government securities: Bought outright--Bills I- 78 +2,520 30,764 Certificates Notes 12 +2,071 Bonds 36,584 + 12 + 329 Total bought outright 3,514 + 78 +4,920 Held under repurchase agreements 1/ 70,862 + 40 + 399 71,561491 + 118 +5,319 Total U.S. Government securities 73,389 - 181 +5,954 Total loans and securities (3,718) 13,250 +2,132 +2,067 Cash items in process of collection 164 — + 18 Bank premises 512 - 644 - 91 Other assets 2j TOTAL ASSETS (4,744) 98,343 +1,309 +8,427 L I A B I L I T I E S. Federal Reserve notes (1,026) 55,408 - 22 +3,236 Deposits: Member bank--reserves account 28,294 + 155 +3,205 U. S. Treasurer--general account 1,792 - 681 + 608 Foreign 171 + 15 + 5 Other 658 + 96 61 Total deposits 30,915 - 415 +3,757 Deferred availability cash items (3,718) 9,754 +1, 685 +1,385 Other liabilities and accrued dividends 570 - 3 22 TOTAL LIABILITIES (4,744) 96,647 +1, 245 +8,356 C A P I T AL A C C O U N TS Capital paid in 775 + 44 Surplus 742 -- + 40 Other capital accounts 179 - 64 13 Contingent liability on acceptances purchased for foreign correspondents 267 21 * Figures in parentheses are the eliminations made in the consolidating process. \J Includes $54 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, AUGUST 16, 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 534 102 5,275 -776 30 +27 16 days to 90 days 1 43 14,492 -608 110 - 1 91 days to 1 year — 19,385 +413 149 -- Over 1 year to 5 years -- 24,781 +673 534 -- Over 5 years to 10 years — 6,079 +166 227 -- Over 10 years — 1,499 +250 148 — Total 53*5 145 71,511 +118 1,198 +26 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 AUGUST 16, 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 10,303 437 2,141 391 653 870 417 2,000 315 165 269 328 2,317 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,026 160 214 41 37 105 170 42 26 30 57 41 103 Other cash 325 16 22 11 36 41 37 45 19 7 38 15 38 Loans 535 138 247 34 9 - 8 22 - /, 20 ') 47 Acceptances: Bought outright 68 -- 68 -- -- -- -- - - „«. _ „ _ - Held under repurchase agreements 77 -- 77 -- -- -- -- -_ -- -- .. - - Federal Agency obligations-- Bought outright 1,169 54 299 63 89 86 63 187 43 23 51 53 158 Held under repurchase agreements 29 ~ _- -- _„ »- _-. -- -- _ _ » » U.S. Government securities: Bought outright-- Bills 30,764 1,417 7,859 1,653 2,350 2,256 1,659 4,924 iJ . ,143 602 1,330 1,405 4,166 Certificates: Other -- | — -- -- -- -- -- _« .- -- ._ --. -«. Notes 36,584 ' 1,685 9,346 1,967 9 7Q^i 2,682 1,972 5,855 -» ,360 716 1,582 1,671 4,953 Bonds 3,514 j 162 898 189 268 258 189 562 L 131 69 152 160 476 Total bought outright \f 70,862 ' 3,264 18,103 3,809 5,413 " 5,196 3,820 11,341"" T"6 34 1,387 3,064 3,236 9,595 Held under repurchase agreements "~ 649 | — 649 -- «. -» -- -« -- .. _. Total U.S. Government securities 71,511 | 3,264 18,752 3,809 5,413 _JA96. 3,820 11,341 T7 634"" 17387"~ 3,064~ 3,236~~" ~~97595—~" Total loans and securities 73,389 I 3,456 19,472 3,906 5,511 5,284 3,891 11,550 2 678 1,414 3,135" 3,292 9,800 Cash items in process of collection 1 (L QtO ! Q '"*. 'J. 2,810 908 L , JL P J 1,285 1,89 2 2,861 916 648 1,044 1,154 1.324 Bank premises 164 2 8 4 27 13 16 17 15 25 17 12 8 Other assets 2/ 512 46 128 29 32 33 22 72 15 11 18 35 71 TOTAL ASSETS 103,087 \ 5,073 24,888 5,313 7,522 7,667 6,467 16,657 3,9 99 2,307 4,593 4,891 13,710 1/ Includes $54 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 AUGUST 16, 1972 •r~—————-—•— San New Phila Cleve Rich St. j Minne - jKansas Total Boston York delphia land mond Atlanta Chicago Louis iapolis City Dallas Fran- 1 i 1 _ . J Q 1 C r»Q (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 56,434 2, 977 13 ; 9 7 2 3,335 4,936 Zo , o O« -J»r U\ 9,635 Z 0 , Z o U n J o 980 Z n , 1 i n ? - ? / z 0 , 1 1 / -7 n ? 6,693 Member bank reserves ze,zy*f i,UZz o, y ^ o' 1,053 1 j 649 1,302 1 R r\ 7 ,/. 9 9 q /~, q. 0 6 51 I J) . j ^ 1 . '"> / li 7 . / O ^ U. S„ Treasurer—-aeneral account 1,792 I'M 569 95 1 03 1 71 A J V 8 V 4 «~ 13 0 1 i 7 84 81 136 98 Foreign 171 7 1/ 49 9 15 9 ii 24 6 4 7 9 21 Other 658 1 59 7 2 „ 17 5 4 1 -- 3 4 24 Total depos11s 30,915 J 1 . . 1 1 C J H / O O 1 O 1 1 CO 1 L . - / 7 U C / " 7 1 I.C\C\ i ? 962 7 U U 739 i /.on 1 -71 n 5,912 Deferred availability cash -1 1- £ATT% G 13,472 839 V 1 I h 704 1,062 i, iou i, 52 / J\ 2 7 9 / 50 537 871 8 1 / 810 Other liabilities and accrued jj?...? j ^ — j^ 570 28 14 9 29 43 41 3/, 87 21 13 2 3 ?S 77 TOTAL LIABILITIES 101,391 4,998 24,4 50 5,227 7,369 7,576 6,353 16,394 3,942 2 ,269 4,521 4,800 13,492 Capital paid in 775 34 200 39 71 40 53 120 26 18 33 42 99 742 3 4 1 *•* 3 38 68 38 ju ill 25 1 7 .3 Z* 41 y J Other capital accounts 179 7 4 5 9 14 13 1L 32 6 0 "7 0 O A O TOTAL LIABILITIES AND CAPITAL ACCOUNTS 103,087 5,073 24,888 5 ? 313 7,522 7, 667 6, 467 16,6 57 3,999 z ,307 4,593 4,891 13 , 71 0 Contingent liability on ac:ee pt~ ances purchased for foreign 267 12 2/ 70 14 24 14 18 40 9 6 li 15 34 corres ^onden t s FEDERAL RiiSEKVfc AUHNTS * ACCOUNTS F. R. notes outstanding jy , \Jc JL -j ~1 Z Q 1 J- A *- t , T / K X J -3 /.in 4,674 5 1 i n 1 n£t; 9 w R w A w A ? 11 /, 1 n?i * 9 - 5 9 ~* 1 -' 1 -' 7 HA/, Collateral for F. R. notes: Gold certificate account 1,945 150 300 350 285 -- 700 1 5 5 - U. S. Government securities 58,165 3 ,050 14,850 3,250 4,400 4 915 3,150 9 300 2,230 1,040 2,400 2,380 7,200 Total collateral 60 J10 3 200 14.8 50 3 550 4 7 50 5 200 3 150 10, 000 2,385 1.040 2,400 2,385 7,200 : ; r - - _ _ _ __ 1/ After deducting $122 million participations of other Federal Reserve Banks, 2/ After deducting $197 million participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis