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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release April 27, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended April 26, 1967, decreased a net of $166 million to $23,406 million. Estimated currency and coin of member banks increased $127 million and their reserve "balances at the Federal Reserve Banks decreased $293 million. Estimated required reserves increased $37 million; and estimated excess reserves decreased $203 million to $267 million. Excess reserves exceeded member hank "borrowings at the Federal Reserve Banks by $169 million, compared with the revised figure of $292 million the week "before. The principal changes reducing average reserve "balances with Federal Reserve Banks were decreases of $298 million in Federal Reserve float, and $80 million in member bank borrowings, and an increase of $292 -million in Treasury deposits with Federal Reserve Banks, The principal offsetting changes were an increase of $210 million in U. S» Government securities "bought outright, and a decrease of $l4o million in currency in circulation. Total Reserve Bank credit decreased $136 million. As of bought outright securities held hank borrowings Wednesday,, April 26, 1967, holdings of U. S. Government securities were $170 million lower than a week earlier, U. S. Government under repurchase agreements were $155 million higher, and member were $268 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bougnt outright—System account Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Disccunts 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 of daily figures Week ended Change from week ended Wednesday, Apr. 26, Apr. 27, Apr. 26, Apr. 19, 1Q67 19,6.7 ,19,6,6., 1967 (In millions of dollars) 45,098 4l +210 + 1 +4,652 + 4l 45,075 290 18 + 7 69 - 18 118 80 + 4 -298 + 544 l I3,ic3 ,6,553 66,5IIB - 1 + 24 + -113 +378BT 456 25 1,390 47,441 13,109 6,561 67,111 ^3,754 1,382 1,087 119 469 511 47,321 -i4o + 22 +292 +2,191 + 433 + 621 i4 65 + 57 + +3,352 19,227 4,179 23,406 23,133 267 -293 +127 70 59 + 3 + 20 98 25 .. 493 1, - 1 + 4 + 5 +180 ^±&Z + 37 -203 - 495 +3,634 + + + + - 524 772 528 263 791 904 113 43,805 1,^86 840 118 464 512 377125 19,986 4,655 I 24,641 ' 23,287 1,354 On April 26, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,867 million, an increase of $79 million for the week and an increase of $398 million from the comparable date a year ago. H.4..1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Apr. 26, Apr. 19, Apr. 27_. 1966 1967 _ 1967 ASSETS 10,766 - 693 Gold certificate account - 6 1,822 Redemption fund for F. R. notes + §1 - 6 Total geld certificate reserves 12,588 - 602 •Xr + 112 Cash (644) 334 +268 481 + 239 Discounts and advances Acceptances: 11 + 1 69 Bought outright t10 + 81 118 Eeld under repurchase agreements Federal Agency obligations-Held under repurchase agreements 18 + 13 18 U. S. Government securities: Bought outright-Bills 13,006 -170 +3,844 Certificates 4,352 -+4,340 Notes 21,368 — -3,597 Bonds 6,349 - 225 Total bought outright 45,075 -170 +4,362 Held under repurchase agreements 290 +155 + 290 Total U, S, Government securities 45,365 - 15 +4,652 Total loans and securities 46,051 +348 +4,908 Cash items in process of collection (l,945) 7,4ll -852 + 20 + Bank premises 109 -7 Other assets 1/ 891 + 28 + 30 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,589) 67,384 -482 +4,475 L I A B I L I T I E S Federal Reserve notes (644) 38,443 - 96 +1,910 Deposits: Member bank reserves 19,986 +199 +1,580 U. S. Treasurer--general account 840 +78 + 543 Foreign 118 - 10 17 Other 2/ 464 -164 + 64 Total deposits 21,408 +103 +2,170 Beferred availability G a s h items (l,945) 6,021 -527 + 298 Other liabilities and accrued dividends 221 -+ 39 TOTAL LIABILITIES (2,589) 66,093 -520 +4,4l7 C A P I T A L ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts 579 570 142 — ~ +38 + 1 9 + 1 9 + 2 0 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 32.2$ - 2.9% Contingent liability on acceptances purchased for foreign correspondents 264 +12 + 127 * Figures in parentheses are the eliminations made in the consolidating process. l/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 26, 1967 (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 obligations We ekly changes advances Ace :eptances Holdings Acceutances Within 15 days -43 2,304 139 453 28 48 16 days to 90 days +4o 22,1?4 91 days to 1 year + l 19,389 Over 1 year to 5 years 10,183 Over 5 years to 10 years irs 898 Over 10 years **5 Total 481 I87 45,383 H. 4.1(h) STATEMENT OF COHDITION OF EACH FEDERAL RESERVE BANK ON APRIL 26, 1967 New Total Boston York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves i I 10,766 1,822 12,588 918 159 1,077 25 7 953 76 54 37 19 80 42 54 52 17 32 8 8 22 17 35 17 69 38 32 14 45 16 146 2 6 29 3 147 — — — — — — — — ,— —. -- — — — — — «*«» — 342 955 319 737 246 2, c8o 697 1,681 1,569 1,210 330 499 466 2,343 — 3,309 — 2,553 290 3,546 — 2,013 2, 449 575 94 669 171 38 14 436 F. R« notes of other Banks Other cash 644 334 693 48 10 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 Notes Bonds Total Held under repurchase agreements 481 27 69 118 — — 69 118 18 — 18 1 601 481 101 582 591 102 15-2 196 31 227 425 71 496 334 61 1,687 2,737 345 63 408 3&5 1,9C£ 2,400 337 _-. — 215 __ — — — — — 248 83 408 121 502 168 825 245 543 182 891 265 1,738 3,4X9 l,Ci6 7,212 — 475 159 781 232 1,647 — 86c — 1,740 — 1,881 — 6,023 — 1 t ! | 13,CC6; 693 ^352, 232 1 21,368: 1,139 1 6,34-9| 338 , ^5,075 2,402 1 — 290! 3,335 1,116 5,479 1,629 11,559 676 226 1,111 1, 024 36c — 582 2,855 848 Total U* S. Government securities 45,365j 2,402 11,649 .2,343 3,546 3.309 2.553 7,212 1.647 860 1.74c 1.861 6.023 Total loans and securities 46,051 2, 429 12,068 2,375 3,560 3,354 2,569 7,358 1,649 866 1,769 1,884 6,170 608 3 34 1,605 683 5 54 736 6 45 880 20 37 1,381 402 584 2 37 19 101 456 9 24 276 3 14 638 13 26 640 10 30 869 9 87 3,825 16,743 3,699 5,387 5,274 4,210 11,702 2,595 1,402 2,981 3,C11 9,144 Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS i 9,356j IC91 89l| 69,973 le 1 l/ Includes assets denominated in foreign currencies and IMF gold deposited. STATEMENT OF CONDITION OF FACE FEIEPAL RESERVE BANK OH APRIL 26, I967 K.4.1(c) Total ; Boston I New I York Phila-I Cleve-' Richdelphia! land mond Atlanta\Chicago I St. i Minne-> Kansas 1 Dallas Louis J apolisI City San Francisco (in millions of dollars) i I £ E I IJ ± I I .£ £ 2,349 9,069 2,249 3,167 3,604 757 38 5 1 6ci 5,475 5/ 33 2/384 5,984 806 3& 6 1,405 30 10 894 65 6 850 1,445 6ci 1,296 521 11 ( 3,762 61 16,410 28 27 8 3,825 Federal Reserve notes Ieposits: Member bank reserves U.S. Treasurer--general account Foreign Other Total deposits \c referred availability cash items , Other liabilities and accrued dividends TOTAL LIABILITIES 168,682 2,191 7,036 1,433 702 1,487 1,249 4,531 974 1,054 75 7 2 1,138 3,119 142 17 2 3,28C 695 51 4 * 750 413 9 3 2 427 855 57 5 2 919 1,095 72 7 l 1,175 3,418 171 15 61 3,665 623 6ll 790 1,159 359 238 510 506 752 11 3,631 18 5,273 15 5,204 12 35 4,131 11,510 8 2,550 4 1,371 8 2,924 2,939 29 8,977 149 148 36 31 30 7 52 51 11 30 30 10 36 35 8 85 20 20 26 25 6 3^ 33 _5_ 16 ,7^3 3,699 5,3&7 5,274 4,.210 14 24 Ik 16 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES ANr CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c o rre s ponde nt s ; 1 579 570 142 : 69,973 264 13 3/ b 9 &3 24 ?,595 11,7 14 14 1,402 38 2,981 74 74 23. 3,011 9,144 12 15 3^ FErERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Cullateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral Ac, 888 I 6,695 j i 2,435 9,496 2,289 3,436 3,716 2,313 7,296 1,506 726 1,5^3 1,349 4,781 45c i,cco 600 74c 45c l,4oc 305 127 225 180 735 2,016 8,900 483 31 2,oco 3,000 3,035 2,05c 6,150 1,310 615 1,400 1,230 _4_j6cc_ 9,90c 2,514 3,60c 3,775 2,50c 7,550 1,615 742 1,625 l,4io 5,335 31 I ,36,306 43,032 j 2,466 l/ After deducting £ 85 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. _3_/ After deducting £195 million partieipaticns of other Federal Reserve Fanks, * Less than £500,'--CC
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