H.4.1 Factors Affecting Reserve Balances of Depository Institutions

of GOV/ FEDERAL RESERVE Factors Affecting Bank Reserves and ' ' % u ^ -- Condition Statement of F.R. Banks H.4.1 For immediate release November 2, 1972 The average of daily figures for total reserves of member banks increased $186 million in the latest statement week to $33,773 million. Required reserves and excess reserves increased while member bank borrowings at Federal Reserve Banks declined. A seasonal decline in float and an increase in Treasury deposits with Federal Reserve Banks were the major factors absorbing reserves in the latest statement week. System Open Market operations supplied $117 million reserves net, on a weekly average basis. Member bank borrowings averaged $556 million and exceeded excess reserves by $289 million compared to $583 million for the previous week. Averages of daily iF igures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 1, Oct. Z^, Nov. 3, Nov. 1, and related items 1972 1972 1971 1972 Reserve Bank credit: (Irl millions of dollars) U.S. Government securities- Bought outright-—System account 70,146 +268 +2,966 1/ 70,094 Held under repurchase agreements 35 -146 66 243 Federal Agency obligations- Bought outright 1,019 - 2 + 923 1,011 Held under repurchase agreements * - 2 13 4 Acceptances- Bought outright 70 - 2 + 18 69 Held under repurchase agreements 11 + 1 + 6 76 Loans-- Member bank borrowings 556 -211 + 340 567 Other Float 4,312 -190 +1,050 4,043 Other F.R. assets 1,318 + 49 + 111 1,373 Total. Reserve Bank credit 77,468 -234 +5,336 77,480 Gold stock 10,410 -- + 278 10,410 Special Drawing Rights certif. acct. 400 „ -- 400 Treasury currency outstanding 8,252 + 13 + 703 8 266 ? 96,530 -221 +6,317 96,556 Currency in circulation 63,456 - 28 44,149 63,645 Treasury cash holdings 368 + 2 - 115 379 Treasury deposits with F.R. Banks 1,576 +114 - 219 1,597 Foreign deposits with F.R. Banks 184 - 37 + 50 160 Other deposits with F.R, Banks 608 - 7 - 118 654 Other F.R. liabilities and capital 2,414 + 66 + 59 2,467 68,605 +109 +3,805 68,902 Member bank reserves: With Federal Reserve Banks 27,925 -330 +2,513 .27,654 Currency and coin 5,848 +516 + 299 5 848 ? Total reserves held 33,773 +186 +2,812 33,502 Required reserves 33,506 +103 +2,941 33,506 Excess reserves 267 + 83 - 129 4 NOTE: A net of $75 million of surplus reserves were eligible to be carried forward from the week ended October 25, into the week ending November 1. On November 1, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,105 million, an increase of $47 million for the week. 1/ Includes $94 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. *Less than $500,000. 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 Nov. 1, Oct. 25, Nov. 3, 1972 1972 1971 A S S E TS Gold certificate account 10,303 — + 428 Special Drawing Rights certif. accts. 400 -- — Cash (1,108) 333 4 + 51 Loans 567 -2,607 + 315 Acceptances--Bought outright 69 2 + 18 Held under repurchase agreements 76 + 2 + 36 Federal Agency obligations--Bought outright 1,011 9 + 915 Held under repurchase agreements 4 8 - 90 U. S. Government securities: Bought outright—Bills 29,764 73 + 616 Certificates Notes 36,732 — +2,013 Bonds 3,598 — + 335 Total bought outright 1/ 70,094 73 +2,964 Held under repurchase agreements 243 -1,021 - 463 Total U.S. Government securities 70,337 -1,094 +2,501 Total loans and securities 72,064 -3,718 +3,695 Cash items in process of collection (3,394) 12,767 + 36 + 936 Bank premises 167 — + 18 Other assets 2/ 1,206 - 78 + 114 TOTAL ASSETS (4,502) 97,240 -3,764 +5,242 LIA1IL.I1IES. Federal Reserve notes (1,108) 55,984 19 +3,473 Deposits: Member bank—reserves account 27,574 -4,056 +2,109 U. S. Treasurer—general account 1,597 + 205 90 Foreign 160 - 37 + 36 Other 654 + 86 - 86 Total deposits 29,985 -3,802 +1,969 Deferred availability cash items (3,394) 8,804 31 - 264 Other liabilities and accrued dividends 605 + 22 9 TOTAL LIABILITIES (4,502) 95,378 -3,830 +5,169 C A P I T AL A £ £ 0 U N T £ Capital paid in 782 + 1 + 46 Surplus 742 — + 40 Other capital accounts 338 + 65 13 Contingent liability on acceptances purchased for foreign correspondents 220 1 - 42 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $94 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, NOVEMBER 1, 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 562 100 4., 547 -1, 540 4 •17 16 days to 90 days 5 45 14,7 09 - 27 14 91 days to 1 year — 18,5 32 + 473 128 Over 1 year to 5 years — 24., 895 — 540 Over 5 years to 10 years — 6,1 08 — 181 Over 10 years — _L ,546 — 148 Total 567 145 70,337 •1,094 1,015 •17 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 NOVEMBER 1,1972 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Da lias York delphia land mond Louis apolis City Francisco (In millions of dollars) A S S E TS Gold certificate account 10,303 428 1,654 605 453 983 630 1,888 401 131 383 286 2,461 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,108 186 221 32 50 100 166 54 27 24 71 56 121 Other cash 333 17 20 12 39 38 39 43 20 8 42 15 40 Loans 567 44 165 13 21 67 43 113 19 6 65 11 __ Acceptances: Bought outright 69 — 69 -- -- -- -- .- — -- -- — — Held under repurchase agreements 76 — 76 — -- -- — — — -- -- « — Federal Agency obligations-- Bought outright 1,011 46 254 55 79 75 53 161 39 20 41 45 143 Held under repurchase agreements 4 — 4 « — -- -- -- — -- -- — — U.S. Government securities: Bought outright-- Bills | 29,764 1,352 7,479 1,613 2,313 2,221 1,565 4,752 1,136 581 1,214 1 ,333 4,205 Certificates: Other Notes 36,732 1,669 9,230 1,991 2,854 2,741 1,932 5,865 1,402 717 1,498 1 ,644 5,189 Bonds 3,598 163 904 195 280 269 189 575 137 70 147 161 508 Total bought outright \J 70,094 3,184 17,613 3,799 5,447 ' 5,231 3,686 " 11,192 2,675 1,368 2,859 T, 138 9,902 Held under repurchase agreements 243 -_ 243 — — — — _- — — — — -- Total U.S. Government securities 70,337 3,184 17,856 3,799 5,447 5,231 3,686 11,192 2,675 1.368 2,859 ~~T, 138 9,902 Total loans and securities 72,064 3,274 18,424 3,867 5,547 5,373 3,782 11,466 2,733 1,394 2,965 3 ,194 10,045 Cash items in process of collection 16,161 1,064 2,697 967 1,158 1,308 1,655 2,601 780 766 991 924 1,250 Bank premises 167 2 8 4 28 13 15 17 15 28 17 12 8 Other assets 2/ j 1,206 83 292 72 89 80 61 174 41 27 45 53 189 TOTAL ASSETS 101,742 5,077 23,409 5,582 7,397 7,931 6,370 16,313 4,032 2,385 4,529 4 ,554 14,163 1/ Includes $94 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 NOVEMBER 1, 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 57,092 2,978 14,212 3,407 4,548 5,063 2,877 9,675 2,210 986 2,230 2,192 6,714 Deposits: Member bank reserves 27,574 1 986 6,004 1,213 1,518 1,485 1,981 3,955 941 657 1,278 1,487 6,069 U. S. Treasurer—general account 1,597 86 216 104 109 198 76 177 140 81 112 92 216 Foreign 160 7 1/ 42 8 14 8 11 24 5 4 7 9 21 Other 654 1 ~ 563 7 — 18 6 23 2 1 2 5 26 Total deposits 29,985 1,080 6,825 1,332 1,641 1,709 2,074 4,179 1,088 733 1,399 1,593 6,332 Deferred availability cash items 12,198 912 1,739 717 996 1,012 1,260 2,073 649 603 799 643 795 Other liabilities and accrued dividends 605 27 152 32 47 42 37 92 22 22 23 27 82 TOTAL LIABILITIES 99,880 4,997 22,928 5,488 7,232 7,826 6,248 16,019 3,969 2,344 4,451 4,455 13,923 CAPITAL ACCOUNTS Capital paid in 782 34 201 39 71 41 54 123 26 18 33 43 99 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 338 12 87 17 26 26 18 60 12 6 13 15 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 101,742 5.077 23,409 5,582 7,397 _,7_.931_ 6,370_ 16^313 4.032 2.385 4.529 4.554 14.163 Contingent liability on aces eptances purchased for foreign correspondents 2201 io 2/ 57 12_ 20 12 U 3JL Z_ 5_ 2 12. ?« FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 14,911 3,489 4,710 5,232 3,105 9,918 2,332 1,020 2,325 2,348 7,153 Collateral for F. R. notes: Gold certificate account 300 350 345 700 155 U. S. Government securities 15,050 3.350 4,550 4,955 3,150 9,500 ? ?.30 1,040 7,400 ? 3»0 7,400 l > Total collateral 3,210 15,050 3,650 4,900 5,300 3,150 10,200 2,385 1,040 2,400 2,385 7,400 V After deducting $118 million participations of other Federal Reserve Banks, 2/ After deducting $163 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis