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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 4, 1968 The average of daily figures of total member bank reserves held during the week ended April 3, increased a net of $133 million to $25,456 million. Estimated currency and coin of member banks decreased $19 million and their reserve balances at the Federal Reserve Banks increased $152 million. Estimated required reserves decreased $87 million; and estimated excess reserves increased $220 million to $368 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $328 million, compared with the revised figure of $434 million the week before. y * The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $164 million in U. S. Government securities held under repurchase agreements, and $114 million in member bank borrowings, and a decrease of $307 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $101 million in Federal Reserve float, and increases of $205 million in currency in circulation, and $188 million in "Other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $232 million. As of bought outright securities held bank borrowings bonds increased Wednesday, April 3, 1968, holdings of U. S. Government securities were $258 million higher than a week earlier, U . S . Government under repurchase agreements were $499 million higher, and member were $735 million lower. Outright holdings of bills, notes, and $81 million, $104 million, and $73 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 3, Apr. 3, Mar. 27, Apr. 5, and related items 1968 1968 1968 1967 (In millions of dollars) Reserve Bank credit: U. S. Government securitiesBought outright—System account 49 ,634 + 13 +4,875 49 753 Held under repurchase agreements 164 +164 499 73 Federal Agency obligationsHeld under repurchase agreements 45 + 45 + 29 47 Acceptances— Bought outright 56 56 - 1 - 12 Held under repurchase agreements 43 - 3 + 1 62 Discounts and advances— Member bank borrowings 696 +114 + 516 ! 655 Other -15 15 + 2 1i Float ,433 1,406 + 72 -101 Total Reserve Bank credit 52,087 +5,410 +232 1 52,493 Gold stock -10,484 -2,625 , 10,484 Treasury currency outstanding 6,798 - 2 + 305 i 6,797 69,368 +228 +3,089 ! 69,774 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) 46,358 1,126 537 182 653 -579 48,276 +205 - 3 -307 - 23 +188 + 18 + 78 +2,685 - 200 - 121 + 52 + 199 -1,227 +1,387 21,093 4,363 25,456 25,088 368 +152 - 19 +133 - 87 +220 +1,703 + 364 +2,067 +2,146 79 1 46,535 1,131 396 165 627 -561 48,293 21,481 | 4,543 26,024 | 25,224 800 On April 3, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,377 million, a decrease of $87 million for the week and an increase of $695 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 Mar. 27, Apr. 5, Apr. 3, 1967 1968 1968 A S S E T S -2,474 Gold certificate account 1/ 10,131 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 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 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 C A P I T A L Capital paid in Surplus (717) + + 104 131 431 670 10 735 56 62 + 18 47 + 47 I- 81 +3,374 -4,352 +5,852 16,204 12 28 22 + + (2,740) 27,220 6.329 49,753 499 50,252 51,087 7,601 113 2,227 71,590 + 36 593 +4,895 + 74_ +4,969 +5,082 + 580 + 5 +1,417 +4,714 (717) 40,947 + 254 +2,435 21,481 + 223 +1,211 569 4 152 190 451 31 546 + 42 + 171 +1,402 + 671 + 106 +4,614 (2,023) 396 165 627 (2,023) (2,740) + + + + + - + + - 22,669 6,195 + 338 + 70,149 + 104 73 258 499 757 87 487 + 21 22 ACCOUNTS 611 598 232 1 -_ + + + 32 28 40 f 48 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 98 5 137 * 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 3. 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 obligations Holdings Acceptances Weekly changes advanceis Within 15 days 2,353 66 + 87 653 16 days to 90 days 11,600 +506 17 52 -91 days to 1 year •+ 83 26,025 -« Over 1 year to 5 years -+ 92 7,979 Over 5 years to 10 years --+ 27 1,765 Over 10 years + 9 — -577 Total 670 118 50,299 +804 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 3, 1968 New Total Boston Phila- Clevedelphia land York Richmond Atlanta Chicago St. Kansas Louis Minneapolis C ity San Dallas (In millions of dollars) A S S E T S Gold certificate account Francisco 10,131 483 2,094 580 840 859 530 1,773 346 93 289 370 1,874 F. R. notes of other banks Other cash 717 431 68 25 255 61 22 5 45 58 42 26 114 51 29 91 18 33 8 5 21 22 21 16 74 38 Discounts and advances Acceptances: Bought outright 4§el,d under repurchase agreements 3?«&erial Agency obligations-:Seld under repurchase agreements JJ- ^S. Government securities: lought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 670 160 132 20 17 55 8 129 18 64 17 9 41 — -- — — — — — -- — -- m --- --- — -- --- Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 1 56 62 — — 56 62 1 16,204 839 — -: 27,220 1 ,409 6.329 328 | 49,753 ~2 ,576 »_ 1 499 .576 ; 50.252 ~JL ! 51,087 2 ,736 4,082 -6,857 1.594 12,533 499 13.032 13,329 830 859 -1,395 1,236 -2,077 1,214 -2,039 -1 ,444 324 483 474 336 2,549 «2.549 2,569 3,796 -3.796 3,813 3,727 -3.727 3,782 684 5 172 808 8 114 846 20 119 1,585 5,617 5,639 4 ,327 1,643 2.227 10 752 568 2 106 74,330 4 ,045 18,144 3,852 1,/ Includes assets denominated in foreign currencies and IMF gold deposited. -- -- 630 3 100 113 -- 47 47 9,624 M ~T,639 .- ~2~.639 2 ,647 2,629 -4,415 1.027 8,071 -8.071 8,200 580 324 645 693 -- -- 974 226 543 126 993 -1 ,084 -1 ,165 .271 ~2 ,129 -. .129 2 ,138 6,979 •* 6.979 7,020 252 "T,981 -T .981 ZL 1 ,998 2,273 -3,818 888 1,780 --. 1.780 1,798 1,057 18 294 464 8 69 309 3 44 591 18 86 574 9 107 922 9 264 11,990 2,736 1,519 3 ,025 3 ,235 10,201 -- 993 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 3, 1968 H.4.1(c) 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 accriled 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 .-...correspondents 2,440 9,672 2,403 3,339 3,835 2,293 7,305 1,549 720 887 1 7 877 1,514 1,006 8 1 886 472 744 1 5 895 623 5,773 389 1/ 53 2/461 6,676 1,328 750 377 491 1 3 3 498 261 338 72,889 17 3,975 97 17,773 611 598 232 29 29 12 1 74.330 98 41,664 21,481 396 165 627 22,669 8,218. 1 1,548 1,400 5,160 1,233 1 9 1 1,244 498 3,937 2 20 19 3,978— 826 1,174 2,934 "k "k Vc 1,528 599 8 10 1,024 677 9 3 1,186 742 22 127 3,083 1,333 16 3,777 25 5,491 24 5,560 17 4,238 53 11,774 11 2,687 7 1,486 12 2,963 14 3,156 45 10,009 157 154 60 32 32 11 55 54 17 32 31 16 39 38 12 90 87 39 21 20 8 14 14 5 27 26 9 35 34 10 80 79 33 4.045 18,144 3,852 5,617 ,,.5^639 4,327 11,990 1,_519 _ 3 , 0 2 5 3,235 10,201 5 3/ 25 5 9 5 6 14 14 2,736_ 4 911 1 7 2 92 IT 482 2 4 6 13 5,387 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,509 10,222 2,449 3,567 3,922 2,418 7,512 1,614 748 1,602 1,496 350 1,000 496 600 640 450 1,400 206 77 225 180 2.176 2,526 9.400 10,400 2.100 2,596 3.100 3,700 2.150 2,600 6.450 7,850 1.470 1,676 685 762 1,450 1,675 1,380 1,560 3,310_ 3,950 y After deducting $112 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. Digitized3for _/ FRASER After deducting $ 73 million participations of other Federal Reserve Banks. 5.750 5,750 Less than $500,000.
@FedFRASER