H.4.1 Factors Affecting Reserve Balances of Depository Institutions

OVjStej,; FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 21, 1972 The average of daily figures for total reserves of member banks increased $497 million in the latest statement week to $33,059 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. An increase in Treasury deposits with Federal Reserve Banks was the major factor absorbing reserves in the latest statement week. Offsetting this reserve drain were an increase in float and a decline in currency in circulation. In addition, System Open Market operations provided $345 million reserves net, on a weekly average basis. Member bank borrowings averaged $719 million and exceeded excess reserves by $473 million compared to $223 million for the previous week. UNIVERSITY OF SEP 2 6 1972 OREGON LIBRARY Averages of daily figures Member bank reserves. Week ended Change from week ended Wednesday, Reserve Bank credit, Sept. 20, Sept. 13, Sept. 22, Sept. 20, and related items 1972 ** 1972 1971 1972 (In millions of dollars) Reserve Bank credit: U.S. Government securities — Bought outright—System account 68,643 + 301 +1,956 1/69,355 Held under repurchase agreements 69 + 69 + 69 Special Certificates 5 Federal Agency obligations- Bought outright 1,041 20 +1,041 1,041 * Held under repurchase agreements Acceptances— Bought outright 55 5 h 5 57 Held under repurchase agreements 5 + 5 + 5 Loans-- Member bank borrowings 719 570 + 390 1,752 Other Float 4,170 + 346 + 568 4,227 Other F.R. assets 899 + 75 24 970 Total Reserve Bank credit 75,601 +1, 335 44,010 77,402 Gold Stock 10,410 -• + 278 10,410 Special Drawing Rights certif. acct. 400 — — 400 Treasury currency outstanding 8,188 + 11 + 656 8,196 94,599 +1, 346 44,944 96,408 Currency in circulation 62,987 - 240 +3,995 62,979 Treasury cash holdings 319 + 15 - 151 325 Treasury deposits with F.R. Banks 675 + 513 -1,085 958 Foreign deposits with F.R. Banks 189 - 6 + 39 194 Other deposits with F*R* Banks 671 + 82 33 555 Other F.R. liabilities and capital 2,152 - 38 82 2,161 66,993 + 326 +2,683 67,172 Member bank reserves: With Federal Reserve Banks 27,606 +1, 021 +2,261 29,237 Currency and coin 5,453 - 524 + 438 5,453 Total reserves held 33,059 + 497 +2,699 34., 690 Required reserves 32,813 + 177 +2,392 32,813 Excess reserves 246 + 320 + 307 1,877 NOTE: A net of $52 million of surplus reserves were eligible to be carried forward from the week ended September 13, into the week ending September 20. On September 20, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $29,973 million, a decrease of $346 million for the week. 1/ Includes $31 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. *Less than $500,000, ^Estimated (Kansas City 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 RII SERVE BANKS (In millions of dollars) Wednesday Change since Sept. 20,* Sept. 13, Sept. 22, 1972 1972 1971 A S S E TS 10,303 + 428 Gold certificate account Special Drawing Rights certif. accts. * 400 Cash (1,212) 333 + 8 + 34 Loans 1,752 +1,605 + 811 Acceptances--Bought outright 57 + 57 Held under repurchase agreements - 48 Federal Agency obligations—Bought outright 1,041 +1,041 Held under repurchase agreements U. S. Government securities: Bought outright—Bills 29,141 +1,670 + 358 Certificates Notes 36,703 -- +2,120 Bonds 3,511 — + 290 Total bought outright 1/ 69,355 +1,670 +2,768 Held under repurchase agreements -- -- -- Total U.S. Government securities •6?J-355 +1,670 +2,768 Total loans and securities 72,205 +3,274 +4,629 Cash items in process of collection (3,643) 13,092 + 826 +1,557 Bank premises 166 -- + 18 Other assets 2/ 804 + 96 9 TOTAL ASSETS (4,855) 97,303 +4,204 +6,657 k I & JLILllIULfL Federal Reserve notes (1,212) 55,333 - 311 +3,410 Deposits: Member bank--reserves account 29,157 +3,712 +3,918 U. S. Treasurer—general account 958 + 550 - 981 Foreign 194 + 18 + 48 Other 3/ 555 50 - 135 Total deposits 30,864 +4,230 +2,850 Deferred availability cash items (3,643) 8,945 + 339 + 487 Other liabilities and accrued dividends 530 - 14 50 TOTAL LIABILITIES (4,855) 95,672 +4,244 +6,697 C A P I T AL A C C O U N T S, Capital paid in 778 —— + 44 Surplus 742 -- + 40 Other capital accounts 111 40 - 124 Contingent liability on acceptances purchased for foreign correspondents 271 12 10 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $31 million securities loaned—fully secured by U.S. Government securi ties pledged with Federal Reserve Banks. 2J Includes assets denominated in foreign currencies. ** Estimated (Kansas City District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 20. 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 ,=7 50 11 4,803 +1,827 20 + 19 16 days to 90 days 2 46 14,303 + 221 24 - 20 91 days to 1 year — -- 17,774 - 378 127 -- Over 1 year to 5 years — -- 24,859 -- 525 -- Over 5 years to 10 years — -- 6,102 — 197 -- Over 10 years — — 1,514 -- 148 -- Total 1:,7 52 57 69,355 +1,670 1,041 - 1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1U>) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 20, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Dall as York delphia land mond Louis apolis City * Francisco (In millions of dollars) A S S E TS Gold certificate account 10,303 378 2,459 593 781 818 379 2,086 224 105 412 25S 1,810 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,212 194 210 59 55 119 189 60 38 31 79 49 129 Other cash 333 18 25 13 35 40 36 45 20 8 40 14 39 Loans 1,752 109 1,082 13 45 28 86 253 20 14 38 63 Acceptances: Bought outright 57 -_ 57 -- -. -_ _- ... _ _ _.. _ _ __ Held under repurchase agreements -- -- -- -- -- -- ._ _«. «._ _ _ — — Federal Agency obligations-- Bought outright 1,041 47 268 55 80 77 57 167 39 21 43 47 140 Held under repurchase agreements "" -- -- -- -- -_ .._ __ — — . i m. m. U.S. Government securities: Bought outright-- Bills 29,141 1,305 7,489 1,548 2,237 2,165 1,582 4,686 1,088 585 1,200 1 ,324 3,932 Certificates: Other "" -- -- -- -- «. -_ -- _- _- „ _ - _ Notes 36,703 1,643 9,432 1,949 2,819 2,728 1,993 5,901 1,369 738 1,511 1 ,667 4,953 Bonds 3,511 157 902 186 270 261 191 564 131 71 145 159 474 Total bought outright y 69,355 3,105 17,823 3,683 5,326 5,154 3,766 11,151 2,588""_ T ,394" 2,856 ——y ,150 9,359 Held under repurchase agreements -- -- -- -- -_ -- -- „- -- _« -» .. -.. Total U.S. Government securities 69,355 3,105 17,823 3,683 5,326 5,154 3,766 11,151 2,588" 1 7394" 2,856" 3"r no~ ~ 9,359""~ Total loans and securities 72,205 3,261 19,230 3,751 5,451 5,259 3,909 11,571 2,628 1 ,435 2,913 3 9,562 ,235 Cash items in process of collection 16,735 997 2,672 969 1,265 1,288 1,710 2,709 867 669 1,050 1 062 1,477 Bank premises 166 2 8 4 28 13 16 17 15 26 17 12 8 Other assets 2/ 804 61 200 47 56 57 40 109 26 18 28 34 128 TOTAL ASSETS 102,158 4,934 24,897 5,459 7,704 7,630 6,301 16,667 3,833 2 ,299 4,554 4 678 13,202 It Includes $31 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks, 2/ Includes assets denominated in foreign currenci es. * Estimated (Kansas City 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 SEPTEMBER 20, 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 56,545 2,974 14,057 3,337 4,513 4,972 2,800 9,646 2,191 979 2,207 2,177 6,692 Deposits: Member bank reserves 29,157 1,014 6,936 1,276 1,916 1,456 2,049 4,523 887 732 1,365 1,625 5,378 U. S. Treasurer—general account 958 * 958 * -k -k -k i< * * * * * Foreign 194 8 1/ 61 9 17 9 12 27 6 4 8 10 23 Other 555 1 487 3 — 22 6 3 1 2 3 27 Total deposits 30,864 1,023 8,442 1,288 1,933 1,487 2,067 4,553 894 738 1,373 1,638 5,428 Deferred availability cash items 12,588 842 1,843 725 1,068 1,045 1,285 2,132 674 533 884 752 805 Other liabilities and accnl ed dividends 530 25 132 27 42 38 38 83 1Q 12 21 24 fiQ TOTAL LIABILITIES 100,527 4,864 24,474 5,377 7,556 7,542 6,190 16,414 3,778 2,262> 4,485 4,591 12,994 CAPITAL ACCOUNTS Capital paid in 778 33 201 39 71 41 54 121 26 16! 33 42 99 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 111 3 29 5 9 9 7 21 4 2 4 y 14 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 102,158 4,934 24.897 5.459 7.704 7.630 6.301 16.667 3-833 2,299 4,554 4 67Si 13.202 r Contingent liability on ace: eptances purchased for forei- gn correspondents 271 12 2/ 71 14 25 14 19_ 40 9_ 6 11_ 15 35 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 59,329 3,187 14,750 3,422 4,710 5,155 3,072 9,891 2,314 1,020 2,303 2,322 7,183 Collateral for F. R. notes: Gold certificate account 2,105 250 300 350 345 700 155 5 U. S. Government securities 58,625 2,960 15.050 3.250 4.550 4.915 3.150 9 300 2,230 1,040 2,400 2,-180 7 Lnn r Total collateral 60,730 3,210 15,050 3,550 4,900 5,260 3,150 10,000 2,385 1,040 2,400 2,385 7,400 1/ After deducting $ 133 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 200 million participations of other Federal Reserve Banks. ** Estimated (Kansas City District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis