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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release April 18, 1968 H.4.1 The average of daily figures of total member bank reserves held during the week ended April 17, increased $578 million to $26,046 million. Estimated currency and coin of member banks increased $279 million and their reserve balances at the Federal Reserve Banks increased $299 million. Estimated required reserves increased $498 million; and estimated excess reserves increased $80 million to $533 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $230 million, compared with the revised figure of $193 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $144 million in Federal Reserve float, and $117 million in member bank borrowings, and decreases of $112 million in "Other" F. R. accounts (net), and $99 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was an increase of $254 million in currency in circulation. Total Reserve Bank credit increased $278 million. As of Wednesday, April 17, 1968, holdings of U. S. Government securities bought outright were $182 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $131 million higher, and member bank borrowings were $295 million higher. Outright holdings of bills, and bonds increased $181 million, and $1 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright — System account Held under repurchase agreements Federal Agency obligations-*Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and advances-Member 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) Average.s of daily figures Week ended Change from week ended Wednesday, Apr. 19, Apr. 17, Apr. 17, Apr. 10, 1968 1968 1967 1968 (In millions of dollars) 49,952 260 + 2 7 2 + 6 18 56 14 ... ^ 11 25 56 + 585 6 - 10 +5,824 -2,625 + 270 +3,470 +3,007 - 234 - 373 + 28 + 69 -1,173 +1,322 615 15 1,701 52,593 10,484 6,798 69,875 46,871 1,130 499 116 527 -614 48,529 +2,148 + 318 +2,466 +2,411 21,347 4,825 26,172 25,785 387 763 15 1,781 52,848 10,484 6,799 70,131 46,901 1,126 422 148 534 -667 48,463 21,668 4,378 26,046 25,513 533 + 66 +5,064 + 220 - 49 +117 -- +144 +278 -- + 2 +280 +254 + 7 - 99 - 20 - 48 -112 - 18 +299 +279 +578 +498 + 80 + 55 1 50,057 131 — On April 17, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,279 million, a decrease of $197 million for the week and an increase of $471 million from the comparable date a year ago. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In m i l l i o n s of dollars) Wednesday Change since Apr. 17, Apr- 10, |Apr. 19, 1968 | 1967 1968 A S S E T S •2,464 10,130 Gold c e r t i f i c a t e account \J H,4.1(a) Cash (703) Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outrightBills 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 (2,530) Bank premises Other assets If TOTAL ASSETS/LIABILITIES 6c CAPITAL ACCOUNTS (3 ,233) 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 10 295 411 630 + + - -. 56 77 417 12 52 - 37 18 18 + 13 16,507 181 27,220 6.330 50,057 131 50.188 50,892 9,331 --- +3,331 -4,352 +5,852 1 19 182 131 +_ 313 + 574 +2,106 +4,812 4 +4,808 +5,189 +1,068 -- + + 2.166 73.043 ±2,.578 + 4 +1,301 +5.177 (703) 41,259 40 +2,720 21,347 + 840 499 116 527 228 47 16 + 549 +2 ,218 + 7 +1,560 - 263 12 - 101 +1 ,184 +1 ,082 + 112 +2,734 +5,098 113 22,489 7,630 333 (3,233) 71,711 (2,530) - 91 - £ A 1 I 1 A L A C C O U N T S + 34 613 Capital paid in Surplus + 28 598 156 121 Other capital accounts + 17 Contingent liability on acceptances purchased 152 for foreign correspondents _____ 100 + 1 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes amount of gold certificates previously included in "Redemption fund for F. R. notes." 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. _ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 17, 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 Ag ency obligations Weekly changes Holdings Acceptances advances Within 15 days +804 613 7 2,711 16 days to 90 days -478 17 49 11,051 91 days to 1 year .— + 5 26,123 „ „ Over 1 year to 5 years -7,979 Over 5 years to 10 years ---1,765 Over 10 years --577 -Total 630 56 50,206 +331 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 17, 1968 H.4.1(b) Total Boston New York Richmond Phila- Clevedelphia land Atlanta Chicago St. MinneLouis ap olis Kansas City Dallas ________ (In millions of dollars) San Francisco A S S E T S 10,130 625 2,278 522 814 845 566 1,715 328 159 226 254 1,798 F. R. notes of other banks Other cash 703 411 53 25 252 54 25 4 40 57 45 21 102 49 32 88 17 32 7 5 20 23 17 16 93 37 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obiigations-Held 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 630 27 19 10 68 9 6 285 15 16 26 44 105 56 — _.- 56 .. --- — -- --- --- --- --- --- --- --- --- 18 -- 18 [16,507 855 4,158 846 1,260 1,237 875 2,678 590 330 657 706 «._, -- -- -- -- -- -- -- -- -- -- -- 6,857 27,220 | 1,409 1.594 328 j 6.330 50,057 ! 2,592 12,609 -131 131 12,740 2.592 50,188 2,619 12,833 50,892 1,395 324 2,565 2,077 483 3,820 2,039 475 3,751 1,444 336 2,655 4,415 1.027 8,120 974 226 1,790 543 126 999 1,084 1 ,165 252 271 1,993 ~2 ,142 3,818 888 7,021 Gold certificate account Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 1/ — -- -- -- -- -- -- -- -- 2,565 2,575 3,820 3,888 3,751 3,760 2,655 2,661 8,120 8,405 1,790 1,805 999 ,015 "T -- -- 1,993 ~2 ,142 2,019 2 ,186 2,315 -- 77021 7,126 11,861 113 2,166 726 3 95 2,385 10 738 730 2 101 884 5 169 983 8 112 1,039 20 115 1,906 18 287 554 8 66 346 3 43 689 18 82 569 9 102 1,050 9 256 76,276 4,146 18,550 3,959 5,857 5,774 4,552 12,451 2,810 1 ,578 3,077 3 ,153 10,369 Includes assets denominated in fc •reign ex.irrenciesi and IMI' gold deposited. -- --
@FedFRASER