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.:«oi£ov&. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release August 22, 1968 H.4.1 The average of daily figures of total member bank reserves held during the week ended August 21, increased a net of $275 million to $26,160 million. Estimated currency and coin of member banks increased $61 million and their reserve balances at the Federal Reserve Banks increased $214 million. Estimated required reserves increased $81 million; and estimated excess reserves increased $194 million to $510 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $109 million, compared with the revised figure of $260 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $392 million in U, S. Government securities bought outright, $309 million in Federal Reserve float, and a decrease of $37 million in currency in circulation. The principal offsetting changes were a decrease of $112 million in U. S. Government securities held under repurchase agreements, and increases of $355 million in "other" F. R. accounts (net), and $71 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $600 million. As of Wednesday, August 21, 1968, holdings of U. S. Government securities bought outright were $538 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $168 million lower, and member bank borrowings were $125 million higher. Outright holdings of bills, and notes increased $538 million, and $397 million respectively, and bonds decreased $397 million. Average.s of daily figures 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 AcceptancesBought outright Held under repurchase agreements Discounts and advances— Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Change from week ended Wednesday, Aug. 21, Aug. 14, Aug. 23, 1968 1968 1967 (In millions of dollars) Week ended Aug. 21, 1968 181 +392 -112 +6,100 + 181 3 - 10 + 53 15 - 1 - 18 + 619 + 43 - 4 +309 +600 + 52,604 1,945 55,420 10,367 6,734 72,520 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) 48,252 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 50,741 808 998 173 467 42 21,779 4,381 26,160 25,650 510 52,750 140 3 4 21 52 15 -- 572 416 +603 + 331 +7,182 -2,691 + 60 +4,550 1,848 55,210 10,367 6,737 72,314 - 37 - 3 + 71 - 16 + 18 +355 +389 +3,232 - 689 23 + 40 + 25 - 215 +2,372 48,288 +214 + 61 +275 + 81 +194 +2,177 + 210 +2,387 +2,350 + 37 -- + 4 807 1,046 125 450 41 50,757 21,556 4,888 26,444 25,809 635 On August 21, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,496 million, an increase of ?29 million for the week and an increase of $129 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) Wednesday Change since Aug. 14, Aug. 23, Aug. 21, 1967 1968 1968 A S S E T S Gold certificate account 1/ -2,529 10,026 *. (714) 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 Cash items in process of collection (2 ,129) Bank premises Other assets 2/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2 ,843) 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 345 416 - 10 + 125 52 2 - + + 3 369 19 44 18,900 + 538 +5,024 28,143 5,707 52,750 140 52,890 53,362 8,095 + + + + - 113 -- 1,627 73,568 - 350 - 447 +2,053 - 831 +6,246 + 140 +6,386 +6,740 +1,358 + 2 + 424 +5,998 (714) 42,363 - 110 +2,690 + + + + - +2,317 90 21,556 1,046 125 450 23,177 (2,129) 6,247 386 (2,843) 72,173 397 397 538 168 370 452 539 247 115 91 41 230 647 20 507 8 + 13 +2,232 + 830 + 142 +5,894 A C C O U N T S C A P I T A L + 31 Capital paid in 618 + 28 Surplus 598 + 45 Other capital accounts 179 + 60 Contingent liability on acceptances purchased 117 for foreign correspondents 150 + 2 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes amount of gold certificates previously included in "Redemption fund for F. R. notes.11 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 21, 1968 (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 advanceis ACJseptances -4,515 Within 15 days 2,878 20 409 +5,897 16 days to 90 days 14,584 32 7 _. -• 91 days to 1 year -5,788 16,858 -.. + 142 Over 1 year to 5 years 7,879 -+4,637 Over 5 years to 10 years *s 10,107 --Over 10 years -588 Total 416 52 52,894 + 373 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 21, 1968 Boston Total New Phila- Clevedelphia land York Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Dallas Francisco (In millions oflioiYs trs) ASSETS Gold certificate account 10,026 687 F. R. notes of other banks Other cash 714 345 59 21 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 jTkmds Total bought outright Held sander repurchase agreements Total U. S. Government securities Total loans and securities 416 U Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 17 1 --._ 52 — 4 23,143 5,707 52,750 140 862 942 553 2,063 393 172 410 373 1,389 159 41 48 6 42 48 71 19 83 45 41 61 25 30 29 5 23 22 36 16 98 31 176 -- 12 20 16 128 6 9 9 25 2 52 --- --- --- --- --- --- --- •• -- --.- - «• 982 1,456 -2,168 1,391 -2,071 1,012 -1,507 3,045 -4,534 670 365 740 786 -1,463 «- -- -- 440 420 306 920 543 110 2,706 •4,029 296 997 202 -1 ,103 2,741 -2,741 2,741 4,064 -4,064 4,076 3~, 882 2,825 8,499 ---3 , 8 8 2 ~ ~2782"5~ " 8,499 3,902 2,841 8,627 1,869 --. 1,869 1,875 762 5 121 -- 1,002 i 1,492 302 2,796 -- 4,745 -7,065 1,433 13,243 140 52^890 P 2J96 13,383 \ 53,362 f 2,809 '" 13,615 1,736 1,627 646 3 69 10 583 583 2 76 76,411 4,294 17,777 4,005 10,224 113 5,916 Includes assets denominated in foreign currencies and IMF gold deposited. .» 4 18,900 — 549 1,633 844 9 81 878 19 84 1,682 5,868 4,503 12,696 18 204 526 8 48 2,905 224 1 ,171 237 ~T,018 ~~2,067 ~T,194 -- —• _ «. ,018 ~2 ro6T" ,194 1,027 2 ,076 2 ,219 T "T 374 3 31 657 18 60 1,641 3 ,266 601 9 74 817 7,552 .. . 7,552 7,554 935 9 196 3 ,328 10,212 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 21, 1968 Total Boston New York Phila- Clevedelphia land 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 deppsit£ 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 foreign correspondents 43,077 2,507 9,819 2,474 3,488 3,959 2,337 7,688 1,604 748 1,617 1,482 5,354 21,556 1,046 125 450 1,032 56 6 1 1,507 81 11 -1,599 678 1,004 76 6 10 1,096 710 1,234 65 8 1 1,308 752 3,283 105 18 1 3,407 1,332 -k 520 25 3 1 1,095 604 879 81 7 1 968 471 778 64 4 23,177 8,376 5,557 178 1/ 32 2/ 406 6,173 1,331 846 394 549 305 963 69 6 2 1,040 535 1,196 66 7 1 1,270 484 3,603 180 17 26 3,826 780 386 75,016 20 4,226 99 17,422 20 3,933 30 5,795 29 5,794 20 61 4,417 12,488 14 2,858 8 1,610 15 3,207 16 3,252 54 10,014 618 598 179 30 29 9 158 154 43 32 32 8 55 54 17 32 31 11 92 87 29 21 20 6 14 14 3 27 26 6 35 34 7 83 79 36 4,005 5,916 5,868 12,696 2,905 1,641 3,266 3,328 10,212 8 13 8 22 5 3 7 9 20 76,411 150 4,294 _17,777_ 7 39 39 38 9 _b,J03 9 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 45,123 2,596 10,194 2,540 3,756 4,113 2,469 7,962 1,690 783 1,705 1,605 5,710 4,118 -42,291 330 -2,301 500 -9,900 300 -2,500 600 — 3,200 600 -3,540 350 -2,200 1,000 -7,150 206 -1,570 77 -725 --1,725 155 -1,480 --6,000 46,409 2,631 10,400 2,800 3,800 4,140 2,550 8,150 1,776 802 1,725 1,635 6,000 .1/ After deducting $ 93 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 3/ After deducting $Hlmillion participations of other Federal Reserve Banks. * Less than $500,000.
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