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FEDERAL f*U *£**.* RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 11, 1968 The average of daily figures of total -member bank reserves held during the week ended April 10, decreased a net of $15 million to $25,448 million. Estimated currency and coin of member banks decreased $269 million and their reserve balances at the Federal Reserve Banks increased $254 million. Estimated required reserves decreased $158 million; and estimated excess reserves increased $143 million to $473 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $173 million, compared with the revised figure of $366 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $316 million in U. S. Government securities bought outright, and $181 million in Federal Reserve float, and a decrease of $71 million in "Other' deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $50 million in member bank borrowings, and an increase of $289 million in currency in circulation. Total Reserve Bank credit increased $461 million. As of bought outright securities held bank borrowings Wednesday, April 10, 1968, holdings of U. S. Government securities were $122 million higher than a week earlier, U. S. Government under repurchase agreements were $499 million lower, and member were $335 million lower. Member bank reserves Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought outright—System account Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements AcceptancesBought 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 (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended jWednesday, Apr. 10, Apr. 3, Apr. 12, Apr. 10, 1968 1968 1967 1968 (In millions of dollars) 49,950 194 +316 + 30 +5 ,110 + 27 49,875 13 10 56 52 501 5 167 +5,801 -2,624 + 280 +3 ,457 320 15 ,811 52,129 10,484 _6,797 69/410 +2 ,733 221 91 + 33 + 117 -1 ,189 46 899 1 129 36 56 63 646 15 1,630 52,564 10,484 6,797 69,844 + 20 - 50 +181 +461 +459 46 ,647 1 ,119 521 168 582 -555 48,481 - 71 + 24 +205 21,363 4,085 25,448 24,975 473 +254 -269 - 15 -158 +143 +289 - 7 - 16 - 14 +1 ,383 +2 ,074 + 212 +2,286 +2,039 + 247 727 163 543 -556 48,905 20,505 4,645 25,150 25,072 78 On April 10, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,476 million, an increase of $99 million for the week and an increase of $756 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday April 10, April 3, April 12, 1968 1967 1968 ASSETS -2,470 10,131 Gold c e r t i f i c a t e account \J Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outright — Bills Certificates 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/LIABILITIES & CAPITAL ACCOUNTS 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 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES ] 421 335 (648 ) - 10 335 __ + - 94 585 10 12 4 47 12 16,326 + 122 -- __ --- +3,702 -4,352 +5,852 56 52 27,220 6,329 49,875 + 122 -- - 49,875 50,318 7,223 (1,710) 499 377 - 769 386 20 +5,182 - 277 +4,905 +4,292 3 • " «r -1,135 + 5 +1,413 +37331 (648) 41,299 352 +2,649 984 331 + 468 + 178 2 84 + 20 + 73 + 739 - 431 + 104 +3 ,061 113 (2,358) - 2,257 70,463 i 20,505 727 163 -- + + 30 (1,710) 543 21,938 5,412 326 12 (2,358) 68,975 -1,182 - 739 783 C A P I T A L ACCOUNTS + 34 2 613 C a p i t a l paid i n -598 + 28 Surplus 1 208 45 277 Other capital accounts Contingent liability on acceptances purchased 145 99 1 for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process. \J Includes amount of gold certificates previously included in ''Redemption fund for F. R. notes." V Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 10, 1968 ~ (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 Agency obi igations Holdings Weekly changes advances Acceptances •— r556 ~ 318~ " 58 Within 15 days 71 11,529 17 50 16 days to 90 days 26,118 + 93 --91 days to 1 year ---Over 1 year t« 5 years 7,979 ---Over 5 years to 10 years 1,765 .577 Over 10 years -424 49,875 335 Total To8 rrwr H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 10, 1968 - - • • • Total Boston New York Phila- Clevedelphia land Richmond r I Atlanta Chicago 1 St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account 10,131 342 3,137 596 815 843 452 1,729 319 159 345 241 1,153 F. R. notes of other banks Other cash 648 421 56 25 237 57 15 5 39 56 36 24 102 49 26 91 15 33 7 4 20 22 15 17 80 38 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outright — Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 335 62 100 5 3 14 13 49 11 6 22 16 34 1 56 52 56 52 --- --- --- --- --- --- --- — -- --- __ 1 --- 16,326 845 4,112 — 6,857 1,594 12,563 -12.563 12,771 836 1,246 -2,077 1,224 -2,039 866 326 650 698 -1 ,444 -9 74 -- -1 ,084 -1 ,165 2,290 -3,818 324 483 474 336 2 ,555 3,737 __ 3.737 3,751 2 ,646 252 1 ,986 271 2 ,134 -2 ,555 2 ,560 3,806 -3.806 3,809 -2 .646 2 ,659 2,649 -4,415 1,027 8,091 -8.091 8,140 584 -1 ,395 -2. J 3 4 2 ,150 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 1/ ! i 1 127,220 6,329 49,875 -| 49.875 , 50,318 -1 ,409 328 2 ,582 -2 .582 2 ,644 543 126 995 1,784 -1.784 1,795 1,001 -1 ,986 2 ,008 -- 995 888 6,996 -6.996 7,030 1,671 10 760 523 2 105 616 5 176 694 8 116 773 20 122 1,438 2,257 534 3 100 18 300 448 8 70 295 3 45 537 18 87 557 9 107 847 9 269 72,821 3 ,704 18,643 3 ,806 5,516 5,472 4, 177 11,742 2,688 1,514 3,037 3,,096 9,426 8,933 113 Includes assets denominated in foreign currencies and IMF gold deposited. 226 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 10, 1968 Total Boston New York Richmond Phila- Clevedelphia land Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) X1ABI_L_ITI_E£ Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign .Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS "Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 41,947 2,457 9,686 2,432 3,359 3,874 2,310 7,369 20,505 727 163 543 21,938 7,122 678 1 7 845 1,448 * * 686 471 6,213 720 1/ 51 2/473 7,457 1,034 8 2 855 426 14 -1,462 540 939 1 8 10 958 534 1,081 1 9 2 1,093 666 2,873 1 1 22 26 2,922 1,174 326 71,333 17 3,631 82 18,259 15 3,728 25 5,386 24 5,390 17 4,086 613 598 277 30 29 14 158 154 72 32 32 14 55 54 21 32 31 19 72,821 3,704 18,643 3,806 5,516 5.472 730 1,560 687 484 1 3 967 5 * 693 373 490 253 977 424 54 11,519 12 2,637 1,480 13 2,974 39 38 14 90 87 21 20 J0_ 14 14 4.177 11.742 2,688 1,514 3/ 26 99 1,559 2. 27 26 JSL 3,037 1,412 5,199 1,107 3,183 * 1 9 20 1 24 1,117 3,228 472 755 1A_ 3,015 35 34 -12. -£6_ 9,228 80 79 ^2_ 3,096 9,426 15 13 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F, R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 43,610 2,511 10,224 2,466 3,561 3,946 2,428 7,558 1,628 752 1,614 1,507 5,604 330 1,000 496 600 640 450 1,400 206 77 225 180 39,516 9916 Q,LC)() 9,100 2,150 6,450 1.470 685 1,450 1,380 5,750 45,120 2,546 10,400 2,596 3.JJD.0_ 3,365 3,700 4,005 2,600 7,850 1,676 762 1,675 1,560 5,750 V After deducting $112 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 37 After deducting $ 73 million participations of other Federal Reserve Banks. 5,415 Less than $500,000.
@FedFRASER