The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
•iSlSS-. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release August 2k, 1967 H.^.l The average of daily figures of total member bank reserves held during the week ended August 23, increased a net of $23 million to $23,769 million. Estimated currency and coin of member banks increased $h million and their reserve balances at the Federal Reserve Banks increased $19 million. Estimated required reserves decreased $80 million; and estimated excess reserves increased $103 million to $W>9 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $*4-22 million, compared with the revised figure of $237 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $100 million in U. S. Government securities bought outright, $110 million in U. S. Government securities held under repurchase agreements,, and $82 million in member bank borrowings, and an increase of $59 million in "other" F. R. accounts (net). The principal offsetting changes were an increase of $2^-7 million in float, and a decrease of $115 million in currency in circulation. Total Reserve Bank credit decreased $5 4 million. As of Wednesday, August 23, 1967, holdings of U. S. Government securities bought outright were $100 million lower than a week earlier, U. S. Government securities held under repurchase agreements were unchanged, and member bank borrowings were $208 million lower. Outright holdings of bills decreased $100 million. 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 Acceptances— Bought 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 P. 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 d a i l y f i g u r e s Week ended Change from week ended Wednesday, Aug. 2 3 , Aug. 1 6 , | Aug. 24, Aug. 2 3 , 1967 1967 1967 | 1966 d o l l a r s ) I m i l l i o n s of (In 46,504 -100 +4,691 46,504 27 71 -no 2 74 - 47 - 82 1,614 48,238 13,058 6,674 67,970 45,020 1,497 1,021 133 442 257 48,369 +247 - 54 + 1 + 18 - 35 -115 + 11 + 14 19,602 4,167 23,769 23,300 469 6 *" - 29 + 59 - 53 672 1 - 927 +3,117 - 254 + 644 +3,507 +2,126 + 416 35 + 7 + 41 - 129 +2,425 + 19 + 4 + 23 - 80 +103 +1,083 + 232 +1,315 +1,220 + 95 + 7 - 47 1 1,320 | j 47,942 13,059 6,683 | 67,684 45,026 1,492 1,136 133 1 437 1 221 48,445 19,239 4,519 23,758 23,354 404 On August 23, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,367 million, an increase of $41 million for the week and an increase of $197 million from the comparable date a year ago. 11.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Aug. 23, Aug. 16, Aug. 24, 1966 1967 1967 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 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 ( 645) 10,707 M48 12,555 + ^ + 15 4 11 + - 262 45 217 342 47 + - 9 208 + - 44 765 + 23 71 13,876 - 100 26,090 6,538 46,504 - 100 46,504 46,622 - 1077 - 314 +4,833 +4,091 6,737 111 1,203 67_170 -1,501 + 1 + 44 -1,750 + 221 + 7 + 229 +4,375 39,673 155 +1,929 450 165 +1,521 + 167 + 3 + li +1,706 Cash items in process of collection (1,883) Bank premises Other assets 1/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,528) L I A B I L I T I E S Federal Reserve notes ( 645) Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 2/ Total deposits 19,239 1,136 133 437 20,945 + Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 5,417 244 66,279 •1,319 2 -1,784 (1,883) (2,528) C A P I T A L ACCOUNTS. Capital paid in Surplus Other c a p i t a l accounts 587 570 134 + 5 • 28 308 34 +4,022 -4,366 +5,077 + 100 +4,833 + + 646 42 +4,323 + + + 22 19 11 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 31.1% + .IX - 2.0% Contingent liability on acceptances purchased for foreign correspondents 267 13 11 * 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 23. 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 44 3 Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 47 Acceptances 21 50 71 U. S. Government securities and Federal Agency obligations Weekly changes Holdings 1,896 84 +7,344 13,200 -7,360 15,247 14,745 900 516 46,504 100 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 23, 1967 H. 4.1(h) Total A S S E T S Boston New York Philadelphia Cleveland Richmond Atlanta Chicago (In millions; 1 42 1,922 332 2,254 34 59 l 1 1,013 1,903 478 3,394 628 97 725 698 148 bkb 942 159 1,101 605 98 703 186 39 40 .8 37 50 50 20 66 1 1 6 10 | 47 Discounts and advances Acceptances: 71 71 Bought outright field under repurchase agreements Federal Agency obligations-.Held under repurchase agreements U. S- Government securities: Bought outright— 706 1,086 13,876 730 Bills 3,493 Certificates 26,090 i 1,373 6,568 1,326 2,04l Notes 1,646 332 6,538 j 344 Bonds 511 Total 2,364 46,504 2,447 3,638 11,707 Held under repurchase agreements F. R- notes of other Banks Other cash Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 1 10,707 | 572 1 1,848 ; 106 ; 12,555 i 678 66 645 ! 1 342 13 Kansas Dallas City San Francisco 453 235 32 267 454 70 524 366 64 430 1,546 227 1,773 27 32 27 7 30 17 24 16 58 39 8 8 3 4 4 -- 736 2,322 489 267 546 572 1,916 1,385 347 918 230 1,637 502 125 894 1,027 2,468 4,367 1,095 7,784 257 1,830 1,077 270 1,919 3,603 903 6,422 387 66 46,504 2, 447 11,707 2,364 3,638 3,394 2,468 7,784 1,637 894 1,830 1,919 6,422 1 46,622 2, 457 11,784 2,365 3,639 3,395 2,469 7,792 1,645 897 1,834 1,923 6,422 8,620 111 1,203 535 3 47 1,435 10 ^83 524 2 52 626 5 86 690 7 55 778 20 58 1,475 19 144 4lQ 9 34 293 3 22 553 15 4i 479 9 53 822 9 128 70,098 | 3,799 16,738 3,716 5,289 5,318 4,136 11,777 2,610 1,516 3,0l4 2,934 9,251 i 1/ Includes assets denominated in foreign currencies and IMF gold deposited. Minneapolis of dollars) 2,352 449 2,801 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves St. Louis STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 23, 1967 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) L I A B I L I T I E S 40,318 2,402 9,363 2,318 3,242 3,691 2,26l 7,192 1,478 703 1,525 1,327 4,816 19,239 1,136 133 437 20,945 745 52 6 1 804 5,217 168 1/ 41 2/364 5,790 779 88 7 2 876 1,276 62 11 1 1,350 840 105 7 8 960 999 110 8 1 1,118 3,010 110 18 1 453 65 3 3,139 673 79 4 l 757 521 889 84 5 2 980 l,o4i 83 7 1 1,132 3,317 130 16 55 3,518 7,300 518 1,189 Deferred availbability cash items Other liabilities and accrued 61 1 244 i 13 dividends ! TOTAL LIABILITIES 16,403 168,807 3,737 CAPITAL ACCOUNTS 442 563 580 664 1,215 322 257 442 393 715 12 3,648 20 13 4,056 40 11,586 9 2,566 5 1,486 10 2,957 10 2,862 33 5,175 18 5,249 52 51 11 31 30 8 37 35 8 20 20 4 14 14 2 26 25 6 34 33 5 76 74 1,516 3,014 2,934 9,251 12 15 35 Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer--general account Foreign Other Total deposits Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondent s i ! 587 570 1 1 134 70,098 267 1 28 27 153 148 34 31 30 3,799 16,738 3,716 5,289 5,318 4,136 14 24 14 17 7 13 a/ 6 9 7 85 83 2J_ 11,777 ^ , 6 l 0 _ 39 9_ # 6_ 9,082 19 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U^ S. Government securities Total collateral 2,494 9,821 2,371 3,471 3,823 2,380 7,426 1,568 737 1,596 1,435 5,082 450 1,000 503 600 740 450 1,400 320 127 225 180 735 36,671 2,096 9,000 2,000 3,000 3,160 2,050 6,150 1,310 625 1,400 1,280 4,600 4-3,401 2,546 10,000 2,503 3,600 3,900 2,500 7,550 1,630 752 1,625 1,460 5,335 42,204 6,730 1 1/ After deducting million participations of other Federal Reserve Banks. 2J Includes IMF gold deposit. V After deducting $ 198 million participations of other Federal Reserve Banks. Less than $500,000.
@FedFRASER