H.4.1 Factors Affecting Reserve Balances of Depository Institutions

of GovA*. FEDERAL RESERVE (Factors Affecting Bank Reserves and '-$%&?•' Condition Statement of F.R. Banks For immediate release November 30, 1972 H.4.1 The average of daily figures for total reserves of member banks increased $251 million in the latest statement week to $30,745 million. Required reserves, excess reserves and member bank borrowings at Federal Reserve Banks all increased. An increase in float was the major factor supplying reserves in the latest statement week. This reserve gain was more than offset by an increase in currency in circulation. In addition, System Open Market operations absorbed $219 million reserves net, on a weekly average basis. Member bank borrowings averaged $572 million and exceeded excess reserves by $218 million compared to $279 million for the previous week. Averages o]: daily figures Member bank reserves. Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 29, Nov. 22, Dec. 1, Nov. 29, and related items 1972 1972 1971 1972 Reserve Bank credit: (In mi Llions of dollars) U.S. Government securities-- Bought outright—System account 69,468 - 138 +1,235 JL/2/69,161 Held under repurchase agreements 32 - 178 - 378 — Federal Agency obligations-- Bought outright 1,177 + 142 + 929 1,177 Held under repurchase agreements 11 - 18 68 -- Acceptances- Bought outright 60 , 2 + 5 62 Held under repurchase agreements 8 - 25 - 45 -- Loans- Member bank borrowings 572 + 151 • 133 676 Other Float 2,930 + 178 97 2,648 Other F.R, assets 1,008 + 50 + 149 1,051 Total Reserve Bank credit 75,266 + 160 +1,597 74,775 Gold stock 10,410 -- + 278 10,410 Special Drawing Rights certif. acct. 400 -- — 400 Treasury currency outstanding 8,290 + 8 + 704 8,279 94,366 + 169 +2,580 93,864 Currency in circulation 65,142 + 336 +4,718 65,289 Treasury cash holdings 365 - 9 92 360 Treasury deposits with F.R. Banks 1,171 - 25 - 723 1,074 Foreign deposits with F.R. Banks 212 + 14 + 43 200 Other deposits with F.R. Banks 585 - 10 - 147 1 603 Other F.R. liabilities and capital 2,391 + 59 + 63 2,415 69,865 + 365 +3,861 69,941 Member bank reserves: With Federal Reserve Banks 24,501 _ 197 -1,282 23,923 Currency and coin 5,794 + 448 + 302 5,794 Total reserves held 3/ 30,745 + 251 - 530 30,167 Required reserves 30,391 + 39 - 294 30,391 Excess reserves 3/ 354 + 212 - 236 - 224 NOTE: A net of $58 million of surplus reserves were eligible to be carried forward from the week ended November 22, into the week ending November 29. On November 29, 1972, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,476 million, a decrease of $576 million for the week. 1/ Excludes $340 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $44 million securities loaned--fully secured by U.S. Government "" securities pledged with Federal Reserve Banks. 3/ Adjusted to include $450 million of certain reserve deficiencies on which ~~ penalties can be waived for a transition period in connection with bank adaptation to Regulation J as amended effective November 9, 1972. Estimated (Philadelphia and Richmond Districts). 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. 29, Nov. 22, Dec. 1, 1972 ** 1972 1971 A S S E TS Gold certificate account 10, 303 -- + 428 Special Drawing Rights certif. accts. 400 -- — Cash ( 893) 320 - 8 + 66 Loans 676 + 422 + 610 Acceptances--Bought outright 62 _- + 6 Held under repurchase agreements -- 54 — Federal Agency obligations —Bought outright 177 — + 837 Held under repurchase agreements -- 76 -- U. S. Government securities: Bought outright—Bills 882 • 446 . 469 Certificates Notes 36,681 +1,215 Bonds 3 ,598 + 328 Total bought outright 1/ 2/ 69, 161 - 446 +1,074 Held under repurchase agreements -- - 224 Total U.S. Government securities 69,161 - 670 +1,074 Total loans and securities 71,076 - 378 +2,527 Cash items in process of collection (1,901) 8,374 -1,033 -2,853 Bank premises 169 + 1 + 20 Other assets _3/ 882 + 72 + 69 TOTAL ASSETS (2,794) 91,524 •1,346 257 Federal Reserve notes ( 893) 57,583 + 159 +4,152 Deposits: Member bank--reserves account 23,843 -1,413 + 307 U. S. Treasurer—general account 1,074 + 85 -1,493 Foreign 200 5 + 72 Other 603 + 38 - 114 Total deposits 25,720 -1,295 -1,228 Deferred availability cash items (1,901) 5,806 - 262 -2,729 Other liabilities and accrued dividends 574 12 25 TOTAL LIABILITIES (2,794) 89,683 -1,410 - 170 £ A 1 I ! £ L A C C O U N TS Capital paid in 787 + 4 + 51 Surplus 742 — + 40 Other capital accounts 312 + 60 4 Contingent liability on acceptances purchased for foreign correspondents 201 56 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $340 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $44 million securites loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. 1/ Includes assets denominated in foreign currencies. Estimated (Philadelphia and Richmond Districts^. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 29, 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 672 15 3,823 -735 14 -62 16 days to 90 days 4 47 16,869 + 57 17 + 3 91 days to 1 year 16,331 + 8 124 -17 Over 1 year to 5 years 24,484 — 622 Over 5 years to 10 years 6,108 — 238 Over 10 years " 1,546 — 162 Total 676 62 69,161 -670 1,177 -76 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 29, 1972 • — — — — — — —• New Phila-* Cleve Rich-* St. Minne Kansas San Total Boston Atlanta Chicago Dallas York delphia land mond Louis apolis City Francisco (1n millioni s of dollars) A S S E TS i Gold certificate account 10,303 584 2,522 780 515 905 599 1,728 241 95 212 369 1,753 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 893 146 166 25 34 79 160 57 22 19 46 43 96 Other cash 320 15 17 11 39 38 40 41 20 6 41 15 37 Loans 676 8 367 7 55 11 14 131 52 3 20 8 -- Acceptances: Bought outright 62 -- 62 — — — — — -- — -- -- -- Held under repurchase agreements -- -- — — — — — — -- — — — -- Federal Agency obligations— Bought outright 1,177 53 296 64 91 88 62 188 45 23 48 53 166 Held under repurchase agreements — -- -- — — — -- -- -- -- — -- — U.S. Government securities: Bought outright-- Bills 28,882 1,313 7,258 1,565 2,244 2,155 1,519 4,611 1,103 564 1,177 1,293 4,080 Certificates: Other "" -- -- -- • - -- -- -- -- -- -- -- -- Notes 36,681 1 1,666 9,217 1,988 2,851 2,737 1,929 5,857 1,400 716 1,496 1,642 5,182 Bonds 3,598 163 904 195 280 269 189 575 137 70 147 161 508 Total bought outright 1/2/ 69,161 3,142 17,379 3,748 5,375 5,161 3,637 11,043 2,640 1,350 2,820 3,096 9,770 Held under repurchase agreements .-- — _- — — — — -- -- -- — -- -- Total U.S. Government securities 69,161 3,142 17,379 3,748 5,375 5,161 3,637 11,043 2,640 1.350 2,820 3,096 9,770 Total loans and securities 71,076 3,203 18,104 3,819 5,521 5,260 3,713 11,362 2,737 1,376 2,888 3,157 9,936 Cash items in process of collection 10,275 426 2,065 451 643 964 1,093 1,523 475 395 647 589 1,004 Bank premises 169 2 8 4 28 13 15 17 15 29 18 12 8 Other assets 3/ 882 67 214 46 65 59 42 120 28 21 31 _ 37 152 TOTAL ASSETS 94,318 4,466 23,189 5,159 6,878 7,354 5,684 14,918 3,553 1,948 3,898 4,236 13,035 1/ Excludes $340 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $44 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks, 3/ Includes assets denominated in foreign currencies. * Estimated (Philadelphia and Richmond Districts). 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 29, 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 58,476 3,048 14,528 3,561 4,672 5,165 3,007 9,867 2,262 1,003 2,268 2,228 6,867 Deposits: Member bank reserves 23,843 900 6,118 1,121 1,312 1,068 1,616 3,279 767 446 919 1,350 4,947 U. S. Treasurer--general account 1,074 36 171 52 65 158 80 115 45 55 79 94 124 Foreign 200 8 1/ 63 10 17 10 13 27 6 4 8 10 24 Other 603 2 546 5 -- 13 6 7 2 3 2 2 15 Totals deposits. 25,720 946 6,898 1,188 1,394 1,249 1,715 3,428 820 508 1,008 1,456 5,110 Deferred availability cash items 7,707 367 1,145 287 604 799 803 1,244 387 382 522 429 738 Other liabilities and accrued dividends 574 26 140 30 45 42 17 89 21 14 23 25 82 TOTAL LIABILITIES 92,477 4,387 22,711 5,066 6,715 7,255 5,562 14,628 3,490 1,907 3,821 4,138 12,797 CAPITAL ACCOUNTS Capital paid in 787 33 205 40 71 41 55 122 27 18 33 43 99 Surplus 742 34 193 38 68 38 50 111 25 17 32 41 95 Other capital accounts 312 12 80 15 24 20 17 57 11 6 12 14 44 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 94,318 4,466 23,189 5,159 6,878 7,354 5,684 14,918^_ 3J153_ 1,948 3,898 4,236 13,035 Contingent liability on act: eptances purchased for fore:Lg n correspondents 201 9 2/ 51 11 18 11 14 30 7 5 8 11 26 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 3,197 15,155 3,663 4,820 5,312 3,242 10,111 2,372 1,036 2,347 2,377 7,255 Collateral for F. R. notes: Gold certificate account 250 -- 200 350 375 — 700 155 U. S. Government securities 3,000 15,250 3,650 4,550 4,990 3,500 9,500 2,280 1,060 2^400 2,430 7^400 Total collateral 3,250 15,250 3,850 4,900 5,365 3,500 10,200 2,435 1,060 2,400 2,435 7,400 1/ After deducting $137 million participations of other Federal Reserve Banks. 2/ After deducting $150 million participations of other Federal Reserve Banks. * Estimated (Philadelphia and Richmond Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis