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FEDERAL RESERVE Foctors Affecting Bank Reserves and H. 4. r *&*£**' Condition Statement Of F.R. Bonks For immediate r e l e a s e A p r i l 10^ 1969 The average of daily figures of total reserves of member banks declined $156 million in the latest week to $26,53-9 million. Required reserves, excess reserves and member bank borrowings also declined. Currency in circulation and oth^r F. R. accounts (net), increased $240 million, and $201 million respectively in the latest week, absorbing a like amount of reserves. Offsetting these reserve drains were a reduction in Treasury deposits with Federal Reserve Banks and a seasonal increase in float. System Open Market operations provided $133 million of reserves, an a weekly average basis, including Treasury borrowings on average of nearly $100 million from the Federal Reserve through the issuance of special certificates. Excess reserves and member bank borrowings, declined from a seasonally high level of a week earlier. In the latest week member bank borrowings exceeded excess reserves by $789 million, compared ta the revised figure of $938 million for the previous week. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought outright—System account Held under repurchase agreements Special Certificates Federal Agency obligationsHeld under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Discounts and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves Averages of daily figures Week ended Change from Week ended Wednesday, April 10, April 9, April 2, April 9, 1968 1969 1969 1969 (In millions of dollars) 52,009 211 96 + + 57 7 96 + 2,059 + 17 496 3 5 4 30 51,966 519 15 C *"> 33 947 __ 2,216 55,578 10,367 6,741 72,686 49,766 710 377 155 549 - 775 50,782 21,904 4,635 26,539 26,381 158 + + 248 -216 100 -86 14 + + 240 + + 6 199 15 69 201 320 - + + + + + - + - 306 150 156 57 99 - + + + 301 15 579 3 ,008 117 56 2 ,835 3 ,119 409 144 13 33 220 2 ,301 f 52 i 658 -2,036 55,231 10,367 6,747 72,345 49,979 707 7 152 559 - 759 50,645 + 535 1 21,700 570 4,635 + + 1 ,105 26,335 + 1 ,353 , 26,381 - 248 i - 46 NOTE: A net of $130 million of surplus reserves were eligible to be carried forward from the week ended April 2^ into the week ending April 9. 1/ Reflects $50 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions... On April 9, 1969r U- S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,458 million, an increase of $188 million for the week. H.4.1(a) CONSOLIDATED STATMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday April 9, April 2, April 10, 1968 1969 1969 A S S E T S 106 -10,025 Gold certificate account Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates - Special - Other Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS/LIABILTIES 6c CAPITAL ACCOUNTS L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (635) 205 658 - 7 413 52 73 + 216 323 4 52 63 17,533 - 50 519 + 519 30,046 4,387 1/ 52,485 __ -- + 469 +1,207 + 519 +2,826 -1,942 +2,610 -- 262 -- 52,485 53,195 >) 8,696 (2,090) +~ 207 - 342 + 436 89 +2,610 +2,877 +1,471 + 1 + 415 +4,442 114 -- 2 2,672 74,907 + (635) 43,802 + 317 +2,503 21,700 + + + + + 382 393 7 30 738 450 2 31 +1,193 - 720 11 + 16 (2,725) 7 152 559 (2,090) 22,418 6,660 429 (2,725) 73,309 + 478 +1 ,248 + 103 +4,332 C A P I T A L A C C O U N T S Capital paid in 644 -f 1 + 31 Surplus 630 — + 32 Other capital accounts 324 + 5 7 + 4 7 Contingent liability on acceptances purchased for foreign correspondents 122 -+ 2 3 * Figures in parentheses are the eliminations made in the consolidating process* 1/ Reflects $50 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 9, 1969 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and Federal Agenc:y obligations advanceiS Ac<zeptances Holdings Weekly changes Within 15 days 651 8 2,629 +255 16 days to 90 days 7 44 9,157 -134 -91 days to 1 year -8,179 + 23 __ _Over 1 year to 5 years — 18,507 .-« Over 5 years to 10 yearss 13,376 -. _Over 10 years -637 Total 658 52 52,485 +144 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1969 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minne- Kansas apolis City Dallas (In millions of dollars) A S S E T S Gold certificate account San Francisco 10,025 403 1,297 613 851 852 573 1,787 431 177 438 368 2,235 F. R. notes of other banks Other cash 635 205 56 10 205 22 42 6 47 24 49 17 78 28 36 18 15 22 8 5 14 17 17 10 68 26 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates--Special Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 658 23 177 29 112 68 25 116 28 40 16 14 10 52 --- 52 --- --- --- --- --- --- --- --- --- --- 899 1,353 1,300 923 2,889 608 333 663 723 2,470 -- -- -- -- -- -- -- -- -- -- 1 ,541 225 2*,665 2,319 339 4,011 2,229 325 3,854 1,582 231 2,736 4,950 723 8,562 1,042 152 1,802 570 83 986 1,137 166 1,966 1,239 181 2,143 4,232 618 7,320 -- -- -- -- -- -- -- 3,854 2,736 3,922 2,761 8,562 8,678 1,802 1,830 986 1,026 1,966 1,982 2,143 2,157 7,320 7,330 995 18 149 1,796 17 367 553 8 86 366 4 54 705 18 103 570 9 130 965 9 331 5,824 4,602 12,699 2,945 1,640 3,277 3,261 10,964 -— 901 4,471 17,533 -519 519 30,046 1 ,543 7,662 225 1,119 4,387 13,771 ~1 ,669 52,485 u -- -- -- ,669 13,771 ! 52,485 53,195 2 ,692 14,000 2 ,665 2 ,694 4,011 4,123 1,926 10 853 661 2 129 748 5 211 3 ,951 18,313 4 ,147 6,009 [ « Cash items in process of collection ! 10,786 1 ! Bank premises 114 1 2,672 Other assets 17 TOTAL ASSETS 1/ -- 77,632 -- 668 3 119 Includes assets denominated in foreign currencies and IMF gold deposited 833 11 140 -- H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1969 1 Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilitie/s and accnled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAi ACCOUNTS Contingent liability on ace:eptances purchased for foreign correpsondents Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago , (In millions of dollars) St. Louis Minneapolis Kansas City Dallas San Franci sr.n 44,437 2,575 10,259 2,553 3,618 4,060 2,341 7,935 1,653 767 1,667 1,539 5,470 21,700 7 152 559 22,418 8,750 657 5,689 1,536 1 13 * 882 1 8 11 1,280 1 10 1 3,005 807 1 5 935 1 6 3 1,144 "k 511 * 3 2 9 2 4,319 2 20 17 429 7 * 1/ 41 516 935 * 8 4 664 613 6,246 1,297 947 546 1,550 668 902 740 1,292 849 3,030 1,423 813 411 516 312 945 584 1,155 464 4,358 843 21 103 19 32 32 21 67 14 9 15 17 79 ! 76,034 3,873 17,905 4,065 5,868 5,734 4,503 12,455 2,891 1,604 3,211 3,175 10,750 164 160 84 33 33 16 59 56 26 33 33 24 42 40 17 95 93 56 22 22 10 15 14 7 28 27 11 37 36 13 85 85 44 3,277 3,261 10,964 5 7 17 1 1 644 630 ! 324 •k 31 31 16 | 77^632 3,951 J8i_313__4J47__ 122 6 3/ 31 6 6,009 5,324. _ 4,602_ 6 11 8 22 3 12j69_9_ 2,j45_ _-kii40_ 18 4 3 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes* Gold certificate account Eligible paper U. S. Government securit]Les Total collateral 1/ 2/ 3/ 46,368 2,642 10,781 2,614 3,840 4,163 2,513 8,180 1,720 793 1,721 1,658 5,743 3,522 -44.970 48,492 200 -2,531 500 -10,600 11,100 300 -2,500 2,800 560 -3,400 3,960 600 -3,649 4,249 --2,600 2,600 1,000 -7,650 8,650 180 -1,600 1,780 27 -785 812 --1,775 1,775 155 -1,630 1,785 — — 6,250 6,250 2,731 After deducting $111 million participations of other Federal Reserve Banks, Includes IMF gold deposit, After deducting $ 91 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER