H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Of GOV/- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 5, 1972 The average, of daily figures for total reserves increased $749 million in the latest week to $33,770 million. Required reserves and excess reserves increased while member bank borrowings at Federal Reserve Banks declined. A seasonal decline in float was the major factor absorbing reserves in the latest statement week. Offsetting this reserve drain was a decline in Treasury deposits with Federal Reserve Banks, In addition, System Open Market operations provided $993 million reserves net, on a weekly average basis through outright pur chases of Treasury bills and repurchase agreements. Member bank borrowings averaged $438 million and exceeded excess reserves by $170 million compared to $544 million for the previous week. Averages o f daily f igures Member bank reserves, Week ended Chan ge from wee]c ended Wednesday, Reserve Bank credit, Oct. 4, ^ Sept. 27, | Oct . 6, Oct. 4, .,. and related items 1972 1972 J 1971 1972 Reserve Bank credit: (Irl mi1 1ions of do]L iars) U.S. Government securities- Bought outright — System account 69,906 + 558 +2 ,340 1/69,968 Held under repurchase agreements 384 + 384 + 13 1,175 Federal Agency obligations- Bought outright 1,033 - 8 + 942 1,022 Held under repurchase agreements 27 + 27 - 24 94 Acceptances- Bought outright 63 + 4 + 12 66 Held under repurchase agreements 28 + 28 - 12 111 Loans — Member bank borrowings 438 113 + 129 1,094 Other Float 3,498 « 317 + 778 3,841 Other F.R. assets 1,068 + 86 + 61 1,090 Total Reserve Bank credit 76,446 + 651 +4 ,241 78,461 Gold stock 10,410 — + 278 10,410 Special Drawing Rights certif. acct. 400 — — 400 Treasury currency outstanding 8,198 + 2 + 668 8,200 95,455 + 654 +5 ,188 97,471 Currency in circulation 62,757 + 87 +3 ,932 63,065 Treasury cash holdings 356 + 20 - 110 373 Treasury deposits with F.R* Banks 1,306 - 305 - 842 1,269 Foreign deposits with F.R. Banks 192 - 6 + 9 170 Other deposits with F.R. Banks 663 + 74 - 102 664 Other F.R. liabilities and capital 2,278 + 61 - 120 2,337 67,552 - 69 +2 ,767 67,878 Member bank reserves: With Federal Reserve Banks 27,903 + 722 +2 ,420 29,594 Currency and coin 5,867 + 27 + 357 5,867 Total reserves held 33,770 + 749 +2 ,777 35,461 Required reserves 33,502 + 488 +2 ,723 33,502 Excess reserves 268 + 261 + 54 1,959 NOTE: A net of $44 million of surplus reserves were eligible to be carried forward from the week ended September 27, into the week ending October 4. On October 4, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,079 million, an increase of $300 million for the week. \j Includes $31 million Securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. v Estimated (New York 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 BAN*a s (In millions of dollars) We dnesday Change since 0c Ses pt. 27, Oct. 6, h f' 1972 1971 7 A S S E TS Gold certificate account 10,303 — — + 428 Special Drawing Rights certif. accts. * 400 — — Cash (1 ,147) 337 + 2 + 28 Loans 1,094 + 252 + 902 Acceptances--Bought outright 66 + 6 + 13 Held under repurchase agreements 111 + 111 + 76 Federal Agency obligations—Bought outright 1,022 - 19 + 926 Held under repurchase agreements 94 + 94 + 59 U. S. Government securities: Bought outright—Bills 29,754 991 + 170 Certificates Notes 36,703 +1,984 Bonds 3,511 + 248 Total bought outright 1/ 69,968 + 991 +2,402 Held under repurchase agreements 1,175 +1J.75 + 857 Total U.S. Government securities 71,143 +2,166 +3,259 Total loans and securities 73,530 +2,610 +5,235 Cash items in process of collection (31,331) 12,508 + 541 +1,363 3 Bank premises 167 + 1 + 18 Other assets 2/ 923 + 23 + 26 TOTAL ASSETS (4,478) 98,168 +3,177 +7,098 L I A B I L I T I ES Federal Reserve notes (1,147) 55,467 + 313 +3,288 Deposits: Member bank--reserves account 29,514 +2 ,906 +4,280 U. S. Treasurer—general account 1,269 - 593 - 719 Foreign 170 - 13 + 5 Other 3/ 664 + 4 55 Total deposits 31,617 +2 ,304 +3,511 Deferred availability cash items (3,331) 8,747 + 438 + 381 Other liabilities and accrued dividends 590 + 57 26 TOTAL LIABILITIES (4,478) 96,421 +3 ,112 +7,154 £A£IZALL ^ £ 2 n !i _. 779 1 + 46 Capital paid in 742 — + 40 Surplus 226 f- 64 - 142 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 253 10 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $31 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. 7J Includes assets denominated in foreign currencies. ** Estimated (New York District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 4, 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 \ 089 25 5,495 +1,262 94 +74 16 days to 90 days 5 52 15,100 + 717 25 + 1 91 days to 1 year -- 18,073 + 187 128 + 1 Over 1 year to 5 years -_ 24,859 — 524 - 1 Over 5 years to 10 years — 6,102 -- 197 — Over 10 years -- -- 1,514 -- 148 -- Total 1,094 177 71,143 +2,166 1,116 +75 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 OCTOBER 4, 1972 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Dallas York * delphia land mond Louis apolis City Francisco 0 ".n millions of dollars) A S. S E T S. Gold certificate account 10,303 541 979' 518 706 814 591 2,226 309 210 492 426 2,491 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,147 203 221 52 50 103 169 47 26 31 74 48 123 Other cash 337 19 25 13 39 39 36 44 19 8 40 15 40 Loans 1,094 33 335 39 38 103 34 301 24 2 44 115 26 Acceptances: Bought outright 66 -- 66 -- — — -- -- — -- — -- -- Held under repurchase agreements 111 -- 111 — -- -- — — -- -- -- — — Federal Agency obligations-- Bought outright 1,022 45 260 55 80 77 54 165 39 20 42 47 138 Held under repurchase agreements 94 94 — -- — -- -- -- -- -- — -- U.S. Government securities: Bought outright-- Bills 29,754 1,323 7,576 1,617 2,316 2,235 1,567 4,814 1,124 577 1,220 1 ,366 4,019 Certificates: Other Notes 36,703 1,631 9,346 1,994 2,857 2,757 1,933 5,938 1,386 712 1,506 1 ,685 4,958 Bonds 3,511 156 894 191 273 264 185 568 133 68 144 161 474 Total bought outright 1/ 69,968 3,110 17,816 3,802 5,446 5,256 3,685 11,320 2,643 1,357 2,870 3*,2 12 9,451 Held under repurchase agreements 1,175 -- 1,175 — ... — -- -- -- -- -_ -- -- Total U.S. Government securities 71,143 3,110 18,991 3,802 5,446 5,256 3,685 11,320 2,643 1,357 2,870 _ ,212 " 9,451 Total loans and securities 73,530 3,188 19,857 3,896 5,564 5,436 3,773 11,786 2,706 1,379 2,956 3 ,374 9,615 Cash items in process of collection 15,839 925 2,715 912 1,143 1,318 1,604 2,665 740 671 974 960 1,212 Bank premises 167 2 8 4 28 13 16 17 15 28 17 12 7 Other assets 2/ 1 923 71 228 57 67 67 46 133 31 20 34 40 129 TOTAL ASSETS 102,646 4,972 24,126 5,475 7,630 7,826 6,257 16,988 3,861 2,354 4,602 4 ,889 13,666 jV Includes $31 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. * Estimated (New York 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 OCTOBER 4, 1972 San New* Phila Cleve Rich St. Minne Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco (In millions of dollars0 L I A B I L I T I ES Federal Reserve notes 56,614 2,960 14,071 3,337 4,509 5,016 2,820 9,628 2,189 979 2,211 2,179 6,715 ' Deposits: Member bank reserves 29.514 1.030 6.726 1.229 1.823 1.391 1.941 4.891 892 701 1.364 1.794 5.732 U. S. Treasurer—general account 1,269 73 263 69 102 246 71 47 114 48 99 57 80 Foreign 170 7 1/ 48 9 15 9 11 24 6 4 7 9 21 Other 664 1 599 3 1 20 5 5 2 1 2 4 21 Total deposits 31,617 1,111 7,636 1,310 1,941 1,666 2,028 4,967 1,014 754 1,472 1,864 5,854 Deferred availability cash items 12,078 799 1,808 711 979 1,006 1,256 2,030 577 569 822 727 794 Other liabilities and accrued dividends 590 27 158 29 45 41 36 91 22 13 23 26 79 TOTAL LIABILITIES 100,899 4,897 23,673 5,387 7,474 7,729 6,140 16,716 3,802 2,315 4,528 4,796 13,442 CAPITAL ACCOUNTS Capital paid in 779 33 201 39 71 41 54 121 26 18 33 43 99 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 226 8 59 11 17 18 13 40 8 4 9 9 30 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 102,646 4,972 24.126 5,475 7,630 7,826 6.257 16.988 3.861 2,354 4.602 4.889 13.666 Contingent liability on ace: eptances purchased for forei- gn correspondents 253 11 2/ 66 13 23 13 17 38 8 L_ 11 Ik. 33 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 3,182 14,734 3,407 4,695 5,177 3,064 9,883 2,302 1,017 2,297 2,315 7,159 Collateral for F. R. notes: Gold certificate account 250 -- 300 350 345 700 155 5 U. S. Government securities 2,960 15,050 . 3,250 4,550 4,915 3.150 9.300 2.230 1.040 2.400 2.380 7 4Q0 r Total collateral 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 $ 122 million participations of other Federal Reserve Banks. 2/ After deducting $ 187 million participations of other Federal Reserve Banks. * Estimated (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis