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FEDERAL RESERVE statistical release ••?f^f^r-H.4.1 For immediate release August 14, 1969 The average of daily figures of total reserves of member banks declined $206 million (net) in the latest statement week to $26,798 million. Required and excess reserves declined while member bank borrowings increased. Increases in currency in circulation and Treasury deposits with Federal Reserve Banks were the major factors abosrbing reserves in the latest week. The increase in currency in curculation was about seasonal. Changes in other factors were marginal and had little effect on reserves on average. System Open Market operations drained reserves, on a weekly average basis. In part, this reserve drain reflects System matched Sale-purchase transactions undertaken near the end of the week. Member bank borrowings increased to a level of $1,328 million, slightly above the average level of recent weeks. Borrowings exceeded excess reserves by $1,153 million, compared to the revised figure of $885 million for the previous week. 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-Bbught outright Held under repurchase agreements Discounts and advances— Member bank borrowings Other Float Other F. R. assets 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. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves Averages of daily figures Week ended Change from week ended Wednesday, August 13, August 6, August 14, August 13, 1969 1969 1968 1969 1/ 54,067 433 71 2 + 1,855 + 140 31 17 + 40 22 1,328 235 2,184 2,640 60,745 10,367 6,738 77,850 51,433 659 1,024 143 464 2,102 55,824 3 35 181 22,026 4,772 26,798 26,623 175 + 18 14 11 41 752 4 + 548 + 515 +3,800 370 + 8 2 ,134 2 ,674 59 166 10,,367 6, 430 + 3,808 + 3,144 152 + 97 46 + 15 + 290 + 3,347 76,270 51,510 672 1,100 141 486 1,922 55,831 249 43 + + 461 447 908 1,047 139 20,439 4,772 25,211 26,623 -1,412 + + 181 321 10 157 10 12 16 + - + 53,834 113 206 173 33 an NOTE: A net of $133 million of surplu s reserves were eligible to be carried forward from the week ended August 6, into the week ending August 13. 1/ Reflects $335 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On August 13, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,878 million, an increase of $289 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Aug. 13, 1969 A S S E T S Gold certificate account Change ssince Aug. 6, Aug. 14, 1968 1969 10,027 + 1 + 202 79 * Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements s Federal Agency obligations— Held under repurchase agreements s 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 U B I L I T I E S 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 ( 611) 153 370 - 1 782 41 19,138 30,553 4,143 1/53,834 46 13 44 70 1 - 304 + 776 53,947 54,358 9,316 - 304 - 560 - 864 -1,762 + 214 114 -- (2,979) 2,560 76,528 + 58 -1,491 +2,807 -1,961 +1,622 - 195 +1,427 +1,448 + 682 + 1 + 583 +2,513 (611) 45,258 125 +2,785 20,439 1,100 -2,259 + 515 + 169 113 (2,368) 141 486 — 12 + 18 -1,738 + 348 (1) (1) (2,367) 22,166 7,182 484 28 (2,979) 75,090 -1,293 - 870 - 75 5 781 + 288 + 118 +2,410 £ A P I T A L A C C O U N T S + 46 664 Capital paid in 2 -Surplus 630 + 32 - 200 Other capital accounts 144 + 25 Contingent liability on acceptances purchased for foreign correpondents 161 -+ 13 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Reflects $ 335 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 13. 1969 (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 Federal Agency obligations Discounts and Weekly changes Holdings advances Acceptances -955 2,274 Within 15 days 351 9 + 84 9,311 16 days to 90 days 19 32 - 63 91 days to 1 year 20,505 -7,715 Over 1 year to 5 years — 13,471 Over 5 years to 10 years 671 __^-_ Over 10 years — — Total 370 41 53,947 -934 H. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia Cleve- Rich mond land Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account 10,027 566 2,334 513 901 1,011 528 1,862 345 81 436 258 1,192 F. R. notes of other banks Other cash 611 153 60 5 172 13 48 7 36 18 45 12 62 23 24 14 26 16 21 3 22 12 18 10 77 20 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 bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 370 9 79 6 9 8 22 84 14 18 55 43 23 — — — -- -— — — — — — — — — 19,138 — 30,553 4,143 53,834 113 53,947 54,358 Cash items in process of collection Bank premises Other assets _1/ 11,684 114 2,560 TOTAL ASSETS 41 — — — — — 79,507 41 — — — — — — — 994 4,589 — — 7,325 1,586 215 993 2,795 12,907 — 113 2,795 13,020 2,804 13,140 1,019 — 1,627 221 2,867 — 2,867 2,873 1,511 — 2,412 327 4,250 — 4,250 4,259 1,434 — 2,289 310 4,033 -4,033 4,041 1,054 — 1,683 228 2,965 — 2,965 2,987 3,130 — 4,998 678 8,806 — 8,806 8,890 1,853 9 813 649 2 124 805 5 201 989 11 138 1,127 18 142 4,244 18,334 4,216 6,225 6,247 4,887 693 2 114 1/ Includes assets denominated in foreign currencies and IMF gold deposited. — — — 693 — 1 ,107 150 ,950 -,950 i ,964 393 — 628 85 ,106 ~T — ,106 "T 1 ,124 741 — 1,183 161 2,085 — 2,085 2,140 813 — 1 ,298 176 ~Z ,287 — ~~2,287 2 ,330 2,767 — 4,417 599 7,783 -7,783 7,806 1,937 17 355 579 8 83 450 5 52 786 19 97 703 9 123 1,113 9 318 13,099 3 ,021 1 ,736 3,512 3 ,451 10,535 r r H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 13, 1969 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Dallas 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 accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for foreien correspondents 45,869 2,657 10,549 2,655 3,728 4,171 2,423 8,145 1,701 791 1,720 1,650 5,679 20,439 1,100 141 487 22,167 9,549 812 30 6 3 851 642 5,276 143 1/ 47 2/436 5,902 1,391 897 45 7 1 950 514 1,533 69 11 1 1,614 718 993 105 7 10 1,115 850 1,303 83 8 2 1,396 952 3,034 77 19 5 3,135 1,528 707 69 4 2 782 472 471 43 3 2 519 383 961 111 5 3 1,080 633 1,065 67 7 1 1,140 562 3,387 258 17 21 3,683 904 484 78,069 25 4,175 113 17,955 23 4,142 38 6,098 35 6,171 26 4,797 77 12,885 17 2,972 11 1,704 19 3,452 20 3,372 80 10,346 664 630 144 32 31 6 176 160 43 34 33 7 59 56 12 34 33 9 42 40 8 98 93 23 23 22 4 15 14 3 28 27 5 37 36 6 86 85 18 79,507 4.244 18,334 4,216 6,225 6,247 4,887 13,099 3,021 1,736 3,512 3,451 10,535 161 8 3/ 41 8 14 8 10 24 6 4 7 9 22 816 1,799 1,752 5,948 FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding Collateral for F. R. notes: Gold certificate account Elibible paper U. S. Government securiti.es Total collateral 47,869 2,763 11,035 2,731 3,966 4,280 3,282 200 500 300 560 535 -- -- — — — — 45.981 49,263 2,601 2,801 10,800 11,300 2,600 2,900 3,500 4,060 3,810 4,345 1/ After deducting $ 94 million participations of other Federal Reserve Banks, 7/ Includes IMF gold deposit. 3/ After deducting $120 million participations of other Federal Reserve Banks. 2,575 — — 2,650 2,650 8,417 1,787 1,000 155 — 7,650 8,650 — 1,700 1,855 27 — — — 5 — — — 815 1,825 1,780 6,250 842 1,825 1,785 6,250
@FedFRASER