The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Foctors Affecting Bank Reserves and Condition Statement of F.R. Banks ***f^LRt&;** H.4.1 For immediate release August 29, 1968 The average of daily figures of total member bank reserves held during the week ended August 28, decreased a net of $502 million to $25,723 million. Estimated currency and coin of member banks increased $113 million and their reserve balances at the Federal Reserve Banks decreased $615 million. Estimated required reserves decreased $139 million; and estimated excess reserves decreased $363 million to $140 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $234 million, compared with the revised figure of $116 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $277 million in Federal Reserve float, $245 million in member bank borrowings, and $181 million in U. S. Government securities held under repurchase agreements, and an increase of $86 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $59 million in U. S. Government securities bought outright, and decreases of $62 million in currency in circulation, and $48 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $663 million. As of bought outright securities held bank borrowings Wednesday, August 28, 1968, holdings of U. S. Government securities were $132 million lower than a week earlier, U. S. Government under repurchase agreements were $140 million lower, and member were $121 million lower. 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 obligationsHeld under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Average>s of daily figures Week ended Change from week ended Wednesday, Aug. 28, Aug. 30, Aug. 21, Aug. 28, 1967 1968 1968 I 1968 (In millions of dollars) 52,663 -- + 59 -181 +6,414 52,618 -- -- 3 - — 53 14 52 -- - 15 -- -- 374 -245 + 328 537 1,705 54,794 10,367 6,740 71,901 -277 -663 + 6 -656 + 415 +7,143 -2,677 + 47 +4,513 1,537 54,744 10,367 6,739 71,850 Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R4 Banks Other deposits with F. R. Banks Other F. R. accounts (net) 48,190 - 62 -- Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 50,701 +3,272 - 687 + 8 + 4 + 1 - 132 j +2,465 48,353 808 50,802 +2,050 + 198 +2,248 +2,368 21,048 5,019 26,067 25,631 1,084 125 444 51 21,201 4,522 25,723 25,583 140 m. •» -- + + - 86 48 23 9 40 -615 +113 -502 -139 -363 - 120 1 808 999 132 459 51 436 On August 28, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,436 million, a decrease of $60 million for the week and an increase of $9 million from the comparable da te a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Aug. 28, Aug. 21, Au£. 30, 1968 1968 1967 ASSETS Gold c e r t i f i c a t e account J7 10,026 •2,473 * Cash (739) 333 537 Discounts and advances Acceptances: 52 Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outright-18,768 Bills Certificates 28,143 Notes 5,707 Bonds 52,618 Total bought outright Held under repurchase agreements Total U. S. Government securities 52,618 Total loans and securities 53,207 Cash items in process of collection (1,917) 7,267 Bank premises 113 1,646 Other assets 2) TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,656) 72,592 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign 2 + 477 13 132 - 132 140 272 155 859 +5,227 +2,053 - 831 +6,449 19 -1,007 +6,449 +6,913 + 698 + 3 + 296 +5,435 (739) 42,414 + 51 +2,731 21,048 999 132 459 22,638 5,730 376 71,158 _ - 539 47 7 + + 9 - 570 - 517 - 10 -1,046 +2,395 - 329 + 16 + 7 +2,089 + 373 + 137 +5,330 Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 12 + 121 (1,917) (2,656) C A P I T A L A C C O U N T S Capital paid in 618 -+ 30 Surplus 598 -+ 28 Other capital accounts 218 1-39 + 4 7 Contingent liability on acceptances purchased for foreign correspondents 149 1 104 * 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." 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 28, 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 Acceptances Holdings Weekly changes advances Within 15 days 18 2,652 -226 531 16 days to 90 days 6 34 14,553 - 31 91 days to 1 year 16,839 - 19 Over 1 year to 5 years 7,879 Over 5 years to 10 years 10,107 Over 10 years -22 588 — Total 537 52 52,618 -276 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 28, 1968 Total Boston New York Phila- Clevedelphia land Richmond St. Atlanta Chicago MinneLouis apolis San Kansas City Dallas Francisco (In millions of dollars) A S S E T S Gold certificate account 10,026 564 2,005 498 870 946 495 2,066 323 173 413 355 1,318 F. R. notes of other banks Other cash 739 333 65 19 150 38 54 6 43 47 73 20 89 44 41 58 29 30 33 4 24 21 35 16 103 30 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 537 48 51 3 21 62 17 124 33 28 17 17 116 52 --- 52 -- -- -— -— --- --- --- --- --- --- --- --- — -- -- -- -- -- -- — -- — -- -- — 18,768 995 4,712 976 1,445 1,381 1,005 665 362 735 781 -- -- -- -- -- -- -- -- -- -- -- 28,143 5,707 52,618 1 ,492 302 7,065 1,433 13,210 1,463 2,168 2,071 1,507 543 110 1 ,103 224 1 ,171 237 4,029 1,015 ~2 ,062 7,533 806 9 189 -- 52,618 53,207 1/ -- 13,210 2,837 13,313 296 440 420 306 920 997 202 2,735 4,053 3,872 2,818 8,478 1,864 -- -- 4,534 2,735 2,738 4,053 4,074 3,872 3,934 2.818 2,835 8,478 8,602 1,864 1,897 1,015 1,043 ~T,062 2 ,079 T ,189 -T2,189 ,206 580 9 76 — — — — -- — 1,553 533 2 76 687 5 125 760 9 82 823 19 85 1,455 10 592 18 208 470 8 49 340 3 32 588 18 61 75,248 i 4 ,148 17,661 3,907 5,851 5,824 4,390 12,448 2,806 1,628 3 ,204 Includes assets denominated in foreign currencies and IMF gold deposited — 589 3 71 Cash items in process of collection : 9,184 Bank premises 113 Other assets 1/ 1.646 TOTAL ASSETS ~T,789 -~T,789 3,024 2,687 -- 817 .. 7,533 7,649 3 ,277 10,104 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OF AUGUST 28, 1968 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. MinneLouis apolis 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 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 acceptances purchased for foreign correspondents 43,153 2,503 9,816 2,469 3,489 3,966 2,339 7,685 1,601 745 1,622 1,481 5,437 21,048 999 132 459 22,638 7,647 938 59 7 1 1,005 551 5,571 136 1,501 88 12 2/413 6,152 1,232 845 62 7 1 915 428 975 111 7 8 1,101 651 1,150 83 8 1 1,242 701 3,171 66 20 2 3,259 1,228 709 70 4 1 784 359 528 30 3 2 563 280 910 106 6 2 1,024 481 1,165 70 8 1 1,244 458 3,585 118 18 27 3,748 672 376 73,814 19 4,078 93 17,293 20 3,832 30 5,726 28 20 5,746 4,302 60 12,232 13 2,757 8 1,596 16 3,143 16 3,199 53 9,910 618 598 218 30 29 11 158 154 56 32 32 11 55 54 16 32 31 15 39 38 11 92 87 37 21 20 8 14 14 4 27 26 8 35 34 9 83 79 32 75,248 4,148 17,661 3,907 5,851 5,824 4,390 12,448 2,806 1,628 3,204 3,277 10,104 1/ 32 22 13 3/ 38 149 1,601 606 20 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1/ 2/ 3/ 45,110 2,605 10,212 2,544 3,745 4,106 2,464 7,951 1,689 779 1,712 1,606 4,118 330 500 300 600 600 350 1,000 206 77 -- 155 42,291 46,409 2,301 2,631 9,900 10,400 2,500 2,800 3,200 3,800 3,540 4,140 2,200 2,550 7,150 8,150 1,570 1,776 725 802 1,725 1,725 1,480 1,635 After deducting $100 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $111 million participations of other Federal Reserve Banks. 5,697 6,00C 6,000
@FedFRASER