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FEDERAL '"f**LV&?. RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release August 10, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended August 9, decreased a net of $8 million to $23,959 million. Estimated currency and coin of member banks decreased $391 million and their reserve balances at the Federal Reserve Banks increased $383 million. Estimated required reserves decreased $132 million; and estimated excess reserves increased $12*i million to $*M5 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $32^ million, compared with the revised figure of $175 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $127 million in U. S. Government securities held under repurchase agreements, $^9 million in acceptances held under repurchase agreements, and a decrease of $V70 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $5^v million in Federal Reserve float, and an increase of $140 million in currency in circulation. Total Reserve Bank credit increase $66 million. As of Wednesday, August 9, 1967, holdings of U. S. Government securities and those held under repurchase agreements were unchanged from a week earlier, and member bank borrowings were $2^6 million lower. 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 of daily figures Week ended Change from week ended Wednesday, Aug. 9, Aug. 9, Aug. 2, Aug. 10, 1967 1967 1966 1967 (In millions of dollars) l*-6,80lj. 127 ~ 29 +127 80 -- 49 + 49 91 - 25 - 3 - 54 + 66 - 37 + 10 + 39 +l4o + 3 -470 + 13 - 7 - 24 .- 1,385 48,536" 13,057 6,642 68,235 44,985 1,480 920 128 I1.57 226 48,196 ^W 20,038 3,921 23,959 23,544 +383 -391 - 8 -132 +124 +4,573 - 225 46,804 31 49 82 48 691 4 939 +2,793 - 276 + 639 +3,156 261 + + +2,077 + 433 - 185 11 + 53 57 +2,310 1,225 i)8,420 13,059 6,642 68,121 45,164 1,495 917 116 467 221 757350 + 844 19,741 + 237 4,356 24,097 +1,081 23,489 +1,127 608 415 46 On August 9, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,368 million, a decrease, of $263 million for the week and a decrease of $130 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) ^ since Aug. 10, 1966 Aug. 9, 1967 Aug. 2, 1967 10,700 1,849 12,549 - 10 + 5 - 5 + - 350 34 316 326 261 - 1 -251 + - 45 265 82 48 + l + 48 + + 3* 48 46,804 47,195 -202 +3,887 +4,338 -3,589 + 62 +4,698 - 342 +4,356 +4,173 Cash items in process of collection 6,763 (1,679) Bank premises 110 Other assets 1/ 1,301 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS(2,257) ( 2 , 2 5 7 ) 68,244 -1)84 + 1 + 33 -658 - 290 + 6 + 150 +3,768 39,833 +217 +l,9H 19,7^1 917 116 1*67 21,241 -136 -4o6 - 11 - 8 -561 +1,253 73 8 + 57 +1,229 5,538 253 66,865 -350 - 2 + 515 + I15 +3,700 + + + + ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves * (578) Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 14,176 ^,353 21,737 6,538 46,804 LIABILITIES F e d e r a l Reserve n o t e s Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 2/ Total deposits (578) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,679) (2;257) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 587 570 222 1 + 37 23 19 26 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the folloitfing pages—not consolidated) - 2.1$ -.1* 31.1$ Contingent liability on acceptances purchased for foreign correspondents + 27 296 -13 * Figures in parentheses are the eliminations made in the consolidating process. 17 Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 9, 1967 (Acceptances and securities held under repurchase agreements are clasified as maturing within 15 days in accordance \<fith maximum maturity of the agreements.) Discounts and advances Within 15 days 256 16 days to 90 days 5 91 days to 1 year -Over 1 year to 5 years -Over 5 years to 10 years -Over 10 years -Total 261 Acceptances 65 65 -~— -130 U. S. Government securities and Federal Agency obligations Holdings Weekly changes 7,512 -21 6,456 +25 17,899 - h 13,407 1,0l4 516 46,804 ~ STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 9, 1967 H.4.1 (h) Total Boston New York Philadelphia Cleveland Richmond 2,533 450 2,983 602 97 699 690 149 839 896 164 1,060 5^12 181 35 40 50 16 57 37 8 * 82 48 14,176 ! 7^6 , M 5 3 229 21,737 ! 1,143 6,538i 3hk 46,804 2, 462 3,^89 1,072 5,350 1,609 11,520 2,379 1,701 511 3,662 Total U. S. Government securities 46,804i 2,462 11,520 2,379 Total loans and securities 47,195 1 2, 478 11,707 10,700 617 106 1,849 12,5^9 ! 723 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreements Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 1/ Minneapolis Kansas Dallas City San Francisco | 578 ! 326 261 ! 821 48 375 64 439 186 32 218 37^70 444 488 63 551 1,517 222 666 1,855 333 2,188 42 18 57 4o 28 58 25 7 23 17 19 15 51 3^- ^7 33 8 67 21 32 l 7 18 5 2 -- -- -- -- — — -- -- 720 222 1,105 332 1,109 1,034 318 1,586 571 175 874 264 1,884 1,984 609 3,042 915 6,550 567 99 290 89 44-4 133 1,739 — 3A15 803 246 1,232 371 2,652 2,373 728 3,639 1,095 7,835 499 153 766 230 1,648 956 558 171 855 257 l,84i 3,662 3,^15 2,652 7,835 1,648 956 l,84i 1,884 6,550 2,379 3,709 3,^8 2,660 7,902 1,649 963 1,859 1,889 6,552 3 53 1,^15 10 505 515 2 58 59^ 6 90 687 6 67 761 20 62 1,332 19 164 4i6 9 38 289 3 24 567 14 V5 460 9 53 850 9 142 70,501 3,879 16,836 3,698 5,328 5,328 4,266 11,691 2,6o4 1,529 2,969 2,996 9,377 ij77 : 8,442: 110 1,301 556 Includes assets denominated in foreign currencies and IMF gold deposited St. Louis (In millions3 of dollars) ASSETS F. R. notes of other Banks Other cash Atlanta Chicago * Less than $500,000- , H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 9, 1967 Total Boston New York Philadelphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Richmond St. Louis Atlanta Chicago Minneapolis Kansas Dallas City 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 Cleveland 40,411 2,408 9,382 2,328 3,243 3,706 2,273 7*191 1,479 707 1,533 1,326 4,835 19,741 917 116 467 21,241 790 61 5 778 53 6 2,962 138 17 P 3,119 492 42 3 3,364 149 15 737 537 864 37 5 3 909 1,136 59 7 953 1,131 98 7 4 1,240 693 40 4 837 1,347 37 10 1 1,395 876 61 6 10 856 5,308 142 1/ 31 2/382 5,863 1,203 3,592 7,217 253 535 13 1,171 62 446 14 549 20 575 18 654 14 1,134 41 332 9 247 6 457 11 383 10 734 35 69,122 3,812 16,478 3,625 5,207 5,252 4,181 11,485 2,557 1,497 2,910 2,922 9,196 587 570 28 27 12 153 148 57 31 30 12 52 51 18 31 30 "is 37 35 85 83 20 20 7 14 14 h 26 25 8 34 76 74 2.604 1.529 2.969 2.9Q6 * * 1 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents F. R* notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 222 70,501 ...3.,879__. 16,836 296 -liM- -5,328_ _ 1 L 3 2 8 _ 4.266 31 9,, 377 14 3/ 77 16 2,498 9,807 2,382 3,460 3,820 2,366 7,415 1,550 739 1,59^ 1,404 5,039 450 1,000 503 600 74o 450 l,4oo 310 127 225 180 735 2,096 9,000 2,000 3,000 3,160 2,050 6,150 1,310 625 i,4oo 1,280 4,600 2,546 10,000 2,503 3,600 3,900 2,500 7,550 1,620 752 1,625 1,460 5,335 18 i£3_ 15 1 FEDERAL RESERVE AGENTS ACCOUNTS 27 1/ After deducting $ «5 million participations of other Federal Reserve Banks. _2/ Includes IMF gold deposit. 3/ After deducting $219 million participations of other Federal Reserve Banks, 11,691 33 7 10 I_ 11 il_ Less than $500,000. 1Q
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