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FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 25, 1968 The average of daily figures of total member bank reserves held during the week ended April 24, decreased a net of $544 million to $25,529 million. Estimated currency and coin of member banks increased $204 million and their reserve balances at the Federal Reserve Banks decreased $748 million. Estimated required reserves decreased $140 million; and estimated excess reserves decreased $404 million to $115 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $536 million, compared with the revised figure of $244 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $260 million in U. S. Government securities held under repurchase agreements, and $112 million in member bank borrowings, and an increase of $616 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $31 million in Federal Reserve float, and decreases of $293 million in currency in circulation, and $47 million in "Other11 deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $388 million. As of Wednesday, April 24, 1968, holdings of U. S. Government securities bought outright were $747 million lower than a week earlier, U. S. Government securities held under repurchase agreements were*$131 million lower, and member bank borrowings were $79 million higher. Outright holdings of bills decreased $776 million, and notes, and bonds increased $26 million, and $3 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) Averages of daily figures Week ended Change from week ended Wednesday, Apr. 24, Apr. 26, Apr. 24, Apr. 17, 1968 1967 1968 1968 (In millions of dollars) 49,927 - 25 -260 56 -- -- - 14 651 15 1,835 52,483 10,484 6,797 69,764 46,608 1,124 1,038 160 487 -594 48,821 -112 20,943 4,586 25,529 25,414 115 49,310 +4,829 41 - 14 59 56 1 -- 694 15 1,399 51,474 10,484 6,797 68,755 -293 2 +616 + 12 - 47 + 73 +358 + 553 10 + 342 +5,595 -2,624 + 244 +3,216 +2,854 - 258 - 49 + 41 + 18 -1,105 ; +1,500 46,540 1,131 1,585 158 485 -585 49,314 -748 +204 -544 -140 -404 +1,716 + 428 +2,144 +2,275 - 131 19,441 5,056 24,497 25,275 -778 -- + 31 -388 -- - 2 -390 On April 24, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,538 million, an increase of $259 million for the week and an increase of $651 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) Wednesday Change since Apr. 24, Apr. 17, Apr. 26, 1967 1968 1968 ASSETS •2,460 10,128 Gold c e r t i f i c a t e account \J Cash 420 (830) Discounts and advances 709 Acceptances: Bought outright 56 Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements U. S. Government securities: Bought outright-15,731 Bills -Certificates 27,246 Notes 6.333 Bonds 49,310 Total bought outright -Held under repurchase agreements 49,310 Total U. S. Government securities 50,075 Total loans and securities 8,084 (2,182) Cash items in process of collection 113 Bank premises 2,171 Other assets 2/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3,012) 70,991 LIABILITIES; 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 (830) + 9 79 + 86 + 228 13 118 18 18 776 +2,725 -4,352 +5,878 -- + + - 26 3 747 16 22_,103 +4,235 - 290 +3,945 +4,024 + 673 + 4 +1,280 +3,607 40,938 321 +2,495 19,441 1,585 -1,957 +1,086 + 42 545 + 745 + 40 + 21 + 261 + 664 + 100 +3,520 158 485 21,669 6,685 (2,182) 131 878 817 -1,298 - -- + 5 42 - 871 945 321 12 (3,012) 69,613 -2,149 - ACCOUNTS C A P I T A L + 35 1 614 Capital paid in -+ 28 Surplus 598 - 45 166 + 24 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 110 + 1 0 - 154 * 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.'1 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 24, 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 Age ncy obligations advanceiS Acceptances Holdings Weekly changes Within 15 days -913 1,798 9 692 16 days to 90 days + 98 11,149 47 17 -„ 91 days to 1 year - 90 -26,033 -Over 1 year to 5 years -7,988 + 9 Over 5 years to 10 years --1,765 Over 10 years — -577 — Total 709 56 49,310 -896 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 24, 1968 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. MinneLouis apolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account 10,128 569 2,003 533 729 927 608 1,732 362 161 363 410 1,731 F. R. notes of other banks Other cash 830 420 61 26 267 54 41 5 53 60 60 21 115 50 37 86 22 33 10 6 19 23 20 18 125 38 Discounts and advances Acceptances: Bought outright .Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements • IL. 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 709 16 212 4 17 45 12 97 14 3 64 80 145 56 --- 56 -- -- --- --- --- --- --- --- — -- --- --- --- 15,731 814 3,963 806 1,200 1,179 834 2,552 563 314 626 673 2,207 "" -- -- -- -- -- -- -- -- -- -- .- «. «. 6,863 1,411 328 1,595 2,553 12,421 1,396 324 2,526 2,079 2,041 475 974 227 3,763 3,695 1,764 544 126 984 1,085 252 1,963 1,166 271 2,110 3,822 484 1,445 4,420 336 _1,027 2 ,615 7,999 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 1/ i 127,246 6,333 149,310 6,917 -- -- -- -- -- -- -- -- -- -- .• 2 ,553 2.,569 12,421 12,689 2 ,526 2 ,530 3,763 3,780 3,695 3,740 2 ,615 2 ,627 7,999 8,096 1,764 1,778 984 987 1,963 2,027 2,110 2 ,190 6^917 7,062 1,798 10 740 612 2 103 784 5 166 814 8 112 978 20 115 1,560 2.171 697 3 96 18 288 518 8 67 299 3 43 638 18 82 665 9 102 903 9 257 74,003 4 ,021 17,561 3 ,826 5,577 5,682 4;,513 11,817 2,788 1,509 3 ,170 ! 149,310 50,075 10,266 113 1 Includes assets denominated in foreign currencies and IMF gold deposited. 888 _ «„ 3.414 10,125 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 24, 1968 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) 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 liabilities and accrt.led dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for forei-gn ... correspondents 41,768 2,452 9,631 2,432 3,353 3,867 2,287 7,370 1,556 733 1,553 1,416 5,118 19,441 1,585 158 485 21,669 8,867 682 80 7 1 770 715 5,224 279 1/ 47 2/447 5,997 1,495 732 55 8 884 128 8 8 1,028 689 1,131 115 9 2 1,257 867 2,703 176 22 1 2,902 1,288 686 55 5 795 510 1,321 65 13 * 1,399 679 746 428 427 46 3 2 478 259 896 111 7 2 1,016 530 1,155 153 9 1 1,318 589 3,600 322 20 21 3,963 818 321 72,625 17 3,954 83 17,206 17 3,754 25 5,456 24 5,608 17 4,428 51 11,611 11 2,741 7 1,477 12 3,111 14 3,337 43 9,942 614 598 166 30 29 8 158 154 43 32 32 8 55 54 12 32 31 11 39 38 8 90 87 29 21 20 6 14 14 4 27 26 6 35 34 8 81 79 23 74,003 4,021 17,561 3,826 5,577 5,682 4,513 11,817 2,788 1,509 3,170 3,414 10,125 110 5 3/ 28 6 10 6 7 16 4 2 5 6 15 5,425 * * FEDERAL RESERVE AGENTS' ACCOUNTS F« R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper< U, S. Government securities Total collateral 2,546 10,244 2,499 3,600 3,989 2,417 7,598 1,643 755 1,618 1,520 1,000 496 600 640 450 1,400 206 77 225 180 9,400 10,400 2.100 2,596 3,100 3,700 3.395 4,035 2.150 2,600 6,450 7,850 1,520 1,726 695 1.450 1,675 1,380 1,560 Jl/ After deducting $111 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 3/ After deducting $ 82 million participations of other Federal Reserve Banks. 772 * Less than $500,000. 5,750 5,750
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