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••SSg&U: FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks % rf*ZLfa?S H,l*.l For immediate release April 6, 1967 The average of daily figures of total member "bank reserves held during the week ended April 5, increased a net of $121 million to $23, WK) million. Estimated currency and coin of member "banks decreased $22 million and their reserves balances at the Federal Reserve Banks increased $1^3 million* Estimated required reserves decreased $22 million; and estimated excess reserves increased $1^3 million to $520 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $3^0 million, compared with the revised figure of $2^2 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $230 million in U. S. Government securities bought outright, $113 million in U. S. Government securities held under repurchase agreements, and $^5 million in member bank borrowings. The principal offsetting changes were a decrease of $216 million in Federal Reserve float, and an increase of $50 million in "other" F. R* accounts (net). Total Reserve Bank credit increased $197 million. As of bought outright securities held bank borrowings bonds increased Wednesday, April 5, 1967, holdings of U. S. Government securities were $329 million higher than a week earlier, U. S. Government under repurchase agreements were $i*25 million higher, and member were $1+90 million higher. Outright holdings of bills, notes, and $25^ million, $15 million, and $59 million, respectively. 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 obligations-Held under repurchase agreements Acceptances-Bought 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) Average of daily figures I Week ended ! Change from week ended Wednesday, Apr. Apr. 5, Apr. 6, 1 Mar. 29, 1967 1966 1967 1967 Tin millions of dollars) ^,759 237 +230 +113 +3,980 + 92 44,858 425 16 + 10 16 25 68 42 + 1 + 3 8 2 68 90 180 13 1,361 + + 10 -216 +197 - 443 7 - 276 +3,352 - 525 + 764 +3,591 519 20 1,^97 47,502 13,109 6,494 67,105 43,849 1,33^ 20,270 4,207 24,477 i 22,995 1 1,482 13,108 6,503 + 7 66,288 +204" 43,680 1,328 658 130 + + + + + 648 46,898 TTL +2,170 + 398 + 3^9 - ^3 + 67 + 4l +2,983 19,390 M50 23,^0 22,920 520 +143 - 22 +121 - 22 +143 + 608 + 474 +17082 + 895 + 187 h5k 6 4 2 7 7 50 4i8 123 456 655 46,835 On April 5, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,682 million, an increase of $78 million for the week and an increase of $82 million from the comparable date a year ago. H#4.l(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Apr. 5, 1967 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 10,778 1,827 12,605 Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S, Government securities Total loans and securities (61+6) 327 539 + 16 8 8 711 - 117 ~ 59^ + 12 500 + 118 - 271 z 58 25 25 25 12,830 4,352 21,368 6,308 44,858 425 45,283 46,o05 + 254 + 1 + 15 + 59 + 329 + 425 + 754 +1,337 +3,552 +4,34u -3,558 - 263 +4,071 + 6l +4,132 +3,930 + 459 -3 z +1,789 + 654 + 6 + 3j9 +4,153 + 129 +1,782 20,270 4l8 123 456 21,267 +1,651 - 259 11 + 2 +1,383 +1,182 + 310 31 + 103 +1,564 5,524 232 (2,403) 65,535 + 222 + l4 +1,748 + 705 + 30 +4,081 579 570 192 -40 1 + 1 9 + 1 9 + 34 ~ (646) 38,512 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + 68 90 Cash items in process of collection (l,757) 7,021 Bank premises 108 Other assets l/ 810 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,403) 66,876 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Change since Mar. 29, Apr. 6, 1967 1966 (l,757) C A P I T A L ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts *• 8 52 Ratio of gold certificate reserves to F, R. note liability (computed from figures as shown on the following pages—not consolidated) 32.2$ -- 2,9$ Contingent liability on acceptances purchased for foreign correspondents 235 + 10 + 107 * 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 5, 1967 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Di*5counts and advances Within 15 days lb days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 1L' years Total Acceptances 517 20 2 108 50 .— -- -. --~ 539 158 U. S. Government securities and Federal A gency obligations Weekly changes Holdings +294 1,739 13,014 +453 19,078 - 36 10,168 + 35 885 + 19 + 14 424 ^5,308 +779 STATEMENT OF CCWLITICN OF EACH FEDERAL RESERVE BAWK ON APRIL 5, 1967 H. 4.1(b) Total Boston • New York Philadelphia Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) ' A S S E T S Cleveland Gold certificate accounts Redemption fund for F. R. notes Total gold certificate reserves : 10,778 i i 1,827 ; 1 12,605 F. R« notes of other Banks Other cash [ 1 Disccunts 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 385 63 448 194 31 225 430 71 501 39^ 61 455 1,660 216 1,876 14 31 10 8 15 17 35 17 55 37 88 2 3 12 1 94 694 103 797 2,C85 ^37 2,522 594 95 689 754 152 906 1,054 159 1,213 579 101680 646 327 ! 50 9 170 38 28 7 89 56 39 18 81 39 2,293 60 50 j 539 32 24l 1 55 9 1 1 68 | 90 68 90 ! 2 5 25 1,955 338 12,830 677 229 4,352 ' 2 1 , 3 6 8 1,128 ! 6,308 333 j 44,858 2,367 1 ^25 3,313 1,124 5,518 1,629 11,584 425 66c 224 1,10c 324 2,308 1, CCC 339 1,666 492 3,497 932 316 1,551 458 3,257 705 240 1,175 3^7 2,467 2,138 725 3,560 1,051 7,474 ^53 154 75^ 223 1,584 268 91 446 132 937 512 173 852 251 1,788 535 182 892 263 1,872 1,637 555 2,726 805 5,723 Total U. S. Government securities 45,283s 2,367 12,009 2,308 3,^97 3,257 2,467 7,474 1,584 937 1,788 1,872 5,723 Total loans and securities 46,005 2,399 12,433 2,309 3,552 3,266 2,468 7,562 1,586 940 1,80C 1,873 5,817 8,778 108 810 568 3 29 1,625 10 380 506 2 33 6C9 5 48 682 6 38 742 20 32 l,44i 19 91 415 9 2C 269 3 13 577 12 24 523 10 27 821 9 75 69,279; 3,855 17,178 3,574 5,265 5,262 4,c62 11,516 2,523 1,468 2,946 2,94c 8,690 Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS ! ! l/ Includes assets denominated in foreign currencies and IMF gold deposited. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 5, 1967 Total !Boston New York I Minne-j Kansas ! P h i l a - C l e v e - i R i c h - l A t la n t a ! C h i c a g o I S t . Dallas Louis } a p o l i s J Cityi d e l p h i a ) l a n d 1 mond San Francisco (in millions of dollars) L I A B I L I T I E S 39,158 J 2,3^1 9,080 Federal Reserve notes Deposits: 6,018 2u,27u Member bank reserves 853 80 418 21 U. S. Treasurer—general account 123 6 1/34 Foreign 456 1 2/374 Other 6,506 881 Total deposits 21,267 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 7,281 556 1,177 2,246 3,199 3,617 2,202 7,061 1,433 697 1,^84 1,249 4,549 907 61 6 11 2,979 28 17 2 3,026 473 23 3 * 895 42 1,116 38 3,102 5 3 985 1,119 2 8 3 1,132 679 21 4 1 810 1,344 24 11 1 1,380 705 499 945 7 1 1,162 16 58 3,236 437 551 571 635 1,191 330 235 450 445 703 17 16 12 38 8 5 9 9 28 5,147 5,189 3,981 11,316 2,476 1,436 2,888 2,865 8,516 52 51 15 30 30 13 36 35 10 85 83 32 20 20 7 14 14 4 26 34 33 8 74 74 26 3,574 . 5,265___ 5,262 4,062 11,516 ...2^6..._.2,9^0 8,690 12 15 34 785 18 6 1 232 12 68 10 67,938 3,790 16,831 3,503 579 570 192 28 27 10 149 148 50 69,279 3,855 17,178 235 11 ll 61 31 30 10 12 21 2,523. . 1,468 25 7 60 8 6 10 14 31 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 40,919 2,415 9,504 2,290 3,455 3,723 2,327 7,330 1,505 723 1,545 1,334 4,768 6,690 450 1,000 483 600 74o 45o l,4oo 3^0 127 225 180 735 36,306 2,016 8,900 2,000 3,000 3,035 2,u50 6,150 1,310 615 l,4o0 1,230 4,6oo 42,996 2,466 9,900 2,483 3,600 3,775 2,500 7,550 1,610 742 1,625 1,1*10 5,335 1/ After deducting $ 89 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 2J After deducting $174 million participations of other Federal Reserve Banks. * Less than $500,000,
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