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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release August 17, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended August 16, decreased a net of $240 million to $23,740 million. Estimated currency and coin of member banks increased $215 million and their reserve balances at the Federal Reserve Banks decreased $455 million. Estimated required reserves decreased $24l million; and estimated excess reserves increased $1 million to $387 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $258 million, compared with the revised figure of $295 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $200 million in U. S. Government securities bought outright, $49 million in acceptances held under repurchase agreements, and increases of $150 million in currency in circulation, and $87 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $244 million. As of Wednesday, August 16, 1967, holdings of U. S. Government securities bought outright were $200 million lower than a week earlier, and member bank borrowings were $6 million lower. Outright holdings of bills and certificates decreased $200 million, and $4,353 million, respectively. Notes increased $4,353 million as a result of the Treasury refinancing. 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 obligationsHeld under repurchase agreementsAcceptances— 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 Week ended Change from week ended Wednesday, Aug. 16, Aug. 9, Aug. 17, Aug. l6, 1967 1966 1967 (In millions of dollars) ML 46,604 110 -200 - 17 +^795 84 46,604 33 77 255 80 - 49 129 + 38 - 1,367 48,292 13,057 6,656 68,005 - 18 -244 -+ Ik -230 601 1 -1,157 +2,98f - 275 + 642 +3,354 ^•5,135 1,486 1,007 126 471 198 48,422 +150 + 6 + 87 - 2 + Ik - 28 +226 +2,135 + 4i7 58 5 + 57 67 +2,479 19,583 -455 +215 -240 -24l + 1 + 875 4 259 +1,134 +1,024 + 110 1,502 48,438 13,059 6,658 68,155 45,162 1,507 971 128 465 234 S874T6" 19,689 4,520 24,209 23,7^-0 23,353 23,512 387 697 On August 16, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign ac count were $7,326 million, a decrease of $4-2 million for the week and a decrease of $l47 million from the comparable date a year ago. JiA57 H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF A l l JPEDfckAL RESERVE BANKS (tri milHbtiS of d o l l a r s ) Aug. 16, 1967 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Change since Aug. 9, Aug. 17, 1966 1967 8 3_ 5 - 353 + 39 - 314 7 6 + - 45 55 77 5 48 + 29 13,976 — 26,090 6,538 46,604 -46,604 46,936 - 200 -4,353 +4,353 zz - 200 -- 200 - 259 +4,160 -4,366 +5,077 + 100 +4,971 — +4,971 +4,945 Cash items in process of collection (2,221) 8,238 Bank premises 110 Other assets 1/ 1,159 TOTAL ASSETS/LIABILITIES 6c CAPITAL ACCOUNTS (2,803) 69,320 +1,475 -- 142 +1.076 - 216 + 6 + 249 +4,715 5 +1,954 +1,732 + 1 10,692 1,852 12,544 ) ( 582) Cash 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 333 255 + + J± 1 £ I IL 11 IE £ Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer — general account Foreign Other 2/ Total deposits ( 582) 39,828 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts (2,221) 6,736 246 (2,803) 68,063 +1,198 £ +1,198 537 .. „ 122 ,689 - 971 128 465 + + - 52 54 12 2 21,253 + 12 570 100 5 + 53 +1 ,781 + 884 + 44 +4,663 + + + 22 19 11 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 31.07* ,1% - 2.2% Contingent liability on acceptances purchased for foreign correspondents 280 16 + 9 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 16, 1967 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days 235 16 days to 90 days 20 91 days to 1 year „ Over 1 year to 5 years „ Over 5 years to 10 years .Over 10 years ...» Total 25? Acceptances 17 60 „ „ „ __ 77 U. S. Government securities and Federal Agency obligations Holdings Weekly changes 1,980 -5,532 5,856 - 600 22,607 +4,708 14,745 +1,338 900 . 114 516 46,604 - 200 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST l6, 1967 H.4.1 (b) Total Boston New York Philadelphia Cleve- Rich- Atlanta Chicago mond land (In millions of dollars) St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S 10,692 1,852 584 106 2,706 449 648 97 794 149 954 161 605 98 1,813 333 423 66 188 32 367 70 492 64 1,118 227 12,544 690 3,155 745 943 1,115 703 2,146 489 220 437 556 1,345 582 333 255 58 12 177 38 38 8 34 50 7 * 30 58 65 5 25 7 2 23 17 17 21 15 3 56 36 81 50 4i 1 24 32 37 46 19 22 15 711 1,094 1,020 730 2,339 492 269 550 562 1,956 26,090 1,373 344 6,538 46,6o4 2,452 6,568 1,326 2,o4i 1,646 332 511 11,732 2,369 3,646 1,904 477 3,401 1,363 342 2/E3F" 4,367 1,095 7,801 919 230 i,64i 502 125 896 .,026 257 1,833 1,050 264 1,876 3,651 915 6,522 Total U. S. Government securities 46,604 2,452 11,732 2,369 3,646 3,401 2,435 7>801 l,6ki 896 1,833 1,876 6,522 Total loans and securities 46,936 2,489 11,890 2,376 3,646 3,423 2,436 7,866 1,646 898 1,850 1,879 6,537 Cash items in proces of collection Bank premises Other assets l/ 10,459 110 1,159 638 ^ 45 1,671 10 472 595 2 50 780 6 81 861 6 54 887 20 55 1,748 19 138 518 9 33 336 3 21 625 14 40 562 9 49 1,038 9 121 72,123 3,935 17,613 3,8l4 5,51*0 5,524 4,192 12,005 2,751 1,510 3,006 3,091 9,l42 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other 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 Held under repurchase agreements TOTAL ASSETS 77 13,976 77 735 3,518 / Includes assets denominated in foreign currencies and IMF gold deposited * Less than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 16, 1967 Total Boston New York Philadelphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 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 Cleveland 2,327 3,249 3,702 2,266 7,196 1,480 705 1,534 1,330 4,828 832 62 7 4 905 1,378 63 11 1 1,453 900 89 7 10 1,006 1,015 46 1,071 2,930 128 18 2 3,078 719 75 4 1 799 451 33 3 l 488 84l 68 6 3 918 1,136 70 7 1 1,214 3,002 131 16 843 5,697 157 1/ 35 2/371 6,260 3,218 8,957 612 1,578 505 707 730 764 1,506 420 281 489 465 900 246 70,866 13 3,875 11 3,748 19 5,423 18 5,456 6 4,ll4 11,820 2,708 1,480 10 2,951 11 3~7020 33 8,979 587 570 100 28 27 5 153 148 25 31 30 5 52 51 9 31 30 7 37 35 6 85 83 17 20 20 3 14 14 O 26 25 4 34 33 4 76 74 13 72,123 3,935 17,613 3,81^ 5,540 5,524 4,192 12,005 2,751 1,510 3,006 3,091 9,142 13 3/ 73 15 25 15 17 41 10 7 12 16 36 1,5697371759117431 5,068 4o,410 2,407 19,689 971 128 465 21,253 788 49 6 9,386 63. 17,287 4o CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,495 9,814 2,380 3,486 3,831 2,387 7,436 450 1,000 503 600 74o 450 1,400 320 127 225 180 735 2,096 9,000 2,000 3,000 3,160 2,050 6,150 1,310 625 l,4oo 1,280 4,600 2,546 10,000 2,503 3,600 3,900 2,500 7,550 1,630 752 1,625 1,460 5,335 J7 After deducting $ 93 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 1/ After deducting $207 million participations of other Federal Reserve Banks. Less than $500,000.
@FedFRASER