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•aSSSfe FEDERAL RESERVE statistical release For immediate release H.4.1 August 21, L969 The average of daily figures of total reserves of member banks increased $260 million in the latest week to $27,099 million. Required reserves increased sharply, reflecting the increase in demand deposits due to the change in Regulation D effective July 31, 1969. The revised Regulation requires that bills payable and London checks associated with Euro-dollar transactions be included in demand deposits. It is estimated that most of the $486 million increase in required reserves last week resulted from the change in Regulation D. Excess reserves and member bank borrowings both declined in the latest week. A sizable seasonal increase in float accompanied by a decline in Treasury deposits with Federal Reserve Banks provided reserves in the latest statement week. Nearly all other factors also provided reserves. System Open Market operations absorbed some of this reserve supply on weekly average, partly through matched salepurchase transactions near the end of the week. Member bank borrowings exceeded excess reserves by $1,231 million, compared to the revised figure of $1,112 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-Bought 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 20, Aug. 21, August 20, Aug. 13, 1968 1969 1969 1969 54,422 33 355 400 4- 1,818 148 1/ 54,397 27 41 3 -• - 1,221 2,578 2,682 60,984 10,367 6,734 78,085 51,375 674 746 135 483 1,972 55,384 22,700 4,399 27,099 27,109 10 + + + 1 19 12 12 41 — 107 + 602 1,125 353 42 198 + 596 969 2,257 2,831 60,651 10,367 6,734 77,752 51,436 -- + + 3,814 4 -— +~~ 194 58 15 + 278 8 + 19 130 440 + 633 373 + 260 + 486 226 + 3,815 + 3,123 134 252 38 16 + + 217 + 2,930 + 884 12 + 872 + 1,396 524 684 956 116 484 1,988 55,664 22,088 4,399 26,487 27,109 - 622 NOTE: A net of $188 million of surplus reserves were eligible to be carried forward from the week ended August 13, into the week ending August 20. 1/ Reflects $113 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On August 20, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,851 million, a decrease of $27 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Aug. 20, Aug. 13, Aug. 21, 1969 1969 1968 A S S E T S + 1 Gold certificate account 10,027 Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Held 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 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 . 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 (664) 153 1,125 + 755 + • 11 41 19,701 (2,521) + 563 — — + 801 54,397 + 563 — 54,397 55,563 9,296 - 113 + 450 +1,205 114 +2,410 -1,564 +1,647 - 140 +1,507 +2,201 +1,170 + 1 +1,090 +4,j71 +2,836 30,553 4,143 1/ 192 709 53 (3,185) 2,717 77.870 — + 157 +U309 (664) 45,199 59 22,088 +1,616 - 144 956 116 484 (5) (5) 23,644 (2,516) 7,039 (3,185) 76,373 491 25 2 +1,445 - 143 + 7 +1,250 + - 501 90 9 + 34 + 436 + 792 + 105 +4,169 C A P I T A L A C C O U N T S Capital paid in "" 663 1 + 4 5 Surplus 630 — + 32 Other capital accounts 204 '- 60 + 25 Contingent liability on acceptances purchased for foreign correpondents 161 -+ 11 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Reflects $113 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 20, 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 Agen cy obligations Discounts and Weekly changes Holdings Acceptances advances 1,110 2,835 12 Within 15 days + 561 9,002 16 days to 90 days 15 29 - 309 -— 21,111 91 days to 1 year + 606 -Over 1 year to 5 yearsj -Hi,514 12,229 — Over 5 years to 10 years -4,922 irs 8,549 Over 10 years — -— 671 Total 1,125 4l 54,397 + 450 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 20, 1969 Total A S S E T S Gold certificate account F. R. notes of other banks Other cash Boston New York Philadelphia 24 3 26 12 19 10 91 20 63 237 50 16 43 36 179 — -- --- --- --- --- --- --- --- 1,476 1,085 3,222 714 -- 763 -- 837 -- 2,848 1,183 4,417 161 1 ,298 176 2,107 ~2 ,311 7,864 664 153 69 4 167 14 60 7 37 18 53 12 63 23 1,125 142 240 17 53 49 41 -- --- 41 -- --- --- 722 2 122 1,971 9 856 619 2 4,388 19,718 4,100 1,845 -- 81,055 1.33 1,556 310 228 678 150 404 -628 85 4,075 2,996 8,898 1,971 ~T ,117 -- — -- — 2,412 2,289 1,683 4,998 327 4,295 1,107 -599 -- -- -- -- -- -- -- 4,295 4,348 4,075 4,124 2,996 3,059 8,898 9,135 1,971 2,021 ~T,117 1 ,133 2,107 2,150 ~2 ,311 2 ,347 7,864 8,043 863 5 220 958 11 140 1,052 2,084 442 5 55 777 19 105 686 9 137 1,079 1 ,763 3,355 3 ,497 10,755 — 6,102 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 28 16 401 11,817 114 2,717 Francisco 27 14 875 Cash items in process of collection Bank premises Other assets _1/ D alias 1,177 611 1,049 — 1,627 221 2,897 -2,897 2,914 San 289 365 4,724 — 7,325 993 13,042 -13,042 13,323 Kansas City 266 3,378 1,023 -1,586 215 2,824 -2,824 2,966 Louis Minneapolis 101 503 19,701 -30,553 4,143 54,397 -54,397 55,563 St. 216 10,027 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 TOTAL ASSETS Cleve- Rich Atlanta Chicago land mond (In millions of dollars) 6,173 18 155 4,771 17 370 13,492 564 8 88 2,941 — 9 336 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 20, 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 accnled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on act:eptances purchased for fore:Lgn correspondents 5,712 45,863 2,648 10,550 2,648 3,727 4,159 2,412 8,154 1,697 791 1,714 1,651 22,088 956 116 489 23,649 9,555 983 834 1 6 2 843 509 1,466 * 10 — 1,476 730 1,048 1 6 10 1,065 834 1,353 * 7 2 1,362 877 3,383 1 16 4 3,404 1,634 712 1 4 717 458 527 1 2 3 533 395 948 1 5 2 956 605 1,193 5 1 989 654 5,794 948 1/ 34 2/447 7,223 1,437 491 79,558 25 4,316 114 19,324 23 4,023 37 5,970 36 6,094 26 4,677 77 13,269 18 2,890 11 1,730 18 3,293 663 630 204 32 31 9 176 160 58 34 33 10 59 56 17 34 33 12 42 40 12 97 93 33 23 22 6 15 14 4 28 27 7 81,055 4,388 19,718 4,100 6,102 _6,1_73 4,771 13,492 2,941 1,763 3,355 161 8 3/ 41 8 14 8 10 24 6 4 7 9 22 824 1,802 1,770 6,023 * * 3,847 2 15 6 17 1 1,200 3,881 543 879 * 21 85 3,415 10,557 37 36 9 86 85 27 3,497 10,755 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Elibible paper U. S. Government securities Total collateral 2,752 2,801 11,020 27734 37953 4,287 500 300 560 535 10.800 11,300 2.600 2,900 3.500 4,060 3,810 4,345 1/ After deducting $ 82 million participations of other Federal Reserve Banks, 7/ Includes IMF gold deposit. 3/ After deducting $120 million participations of other Federal Reserve Banks. 2,561 87421) T7784~ 1,000 2.650 2,650 7,650 8,650 155 27 1.700 1,855 815 * 842 5 1,825 1,825 Less than $500,000. 1,830 1,835 6,250 6,250
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