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Factors Affecting Bank Reserves and Condition Statement of F.R. Banks HA.I For immediate release August 31/ 1967 The average of daily figures of total member hank reserves held during the week ended August 30, decreased a net of $322 million to $23,^53 million. Estimated currency and coin of member hanks increased $129 million and their reserve balances at the Federal Reserve Banks decreased $i|-51 million. Estimated required reserves decreased $92 million; and estimated excess reserves decreased $230 million to $228 million. Excess reserve** exceeded member bank borrowings at the Federal Reserve Banks by $182 million, compared with the revised figure of $^-11 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $32*4- million in Federal Reserve float, $255 million in U. S. Government securities bought outright, and an increase of $55 million in Treasury deposits with Federal Reserve Banks, The principal offsetting changes were decreases of $102 million in currency in circulation, and $7^- million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $587 million. As of Wednesday, August 30, 1967, holdings of U. S. Government securities bought outright were $335 million lower than a week earlier, and member bank borrowings were $1 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 obligations— Held 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 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. 30, Aug. 31. Aug. 30, Aug. 23, 1966 1967 1967 1967 1 - < - ' 1 T-.<„ (In millions of dollars) ^6,2l4-9 -255 +3,652 46,169 18 65 645 60 67 k6 - 1 1,290 ^•7,651 -324 -587 13,Okk 6,693 67/388 - Ik + 19 -582 W-,918 1^-95 1,076 121 ^3 183 ^8,236 19,151 M02 237^53 23,225 228 -102 - 2 + 55 - 12 + 1 - Ik -133 -451 +129 -322 - 92 -230 - 2 - ^85 +2,537 - 2l4 + 652 +2,975 +2, i47 + 4l6 7 - 17 + 31 - 169 +2,401 + 573 + 239 + 812 + 9kQ - 136 I 1,212 | 47,5C6 13,009 6,704 ! 67,219 45,054 1,508 1,328 116 452 | 108 W565 18,653 4,766 23,419 1 23,293 126 On August 30, 1967, U Government securities held in custody hy the Federal Reserve Banks for foreign account were $7,^27 million, an increase of $60 million for the week and an increase of $385 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Aug- 30, Aug. 23, Aug. 31, 1,966 ,1967 —19DZ A S S E T S Gold certificate account - 330 10,653 - 5^ i.1.846 _2 Redemption fund for F. R. notes + ja_ - 56 Total gold certificate reserves 12,499 - 289 Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities Bought outright-Bills Certificates - Other Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities ( 668) 7 13 + 29 - 326 65 6 17 13,541 335 -- +2,840 -4,366 +5.,077 + 100 +3.,651 335 60 - -26,090 6,538 46,169 - 335 46,169 46,294 - 335 328 Cash items in process of collection (1,832) 6,569 Bank premises 110 Other assets 1/ 1,350 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,500) 67,157 - 168 L I A U L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 2/ Total deposits ( — 1 + 147 413 +3 ,651 +3.,3^2 + 218 + 6 + JJk. +3,480 10 +1,954 - 586 + 192 + 17 15 +1,254 - 286 54 668). 39,683 .8,653 1,328 116 452 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - T + 57 20,549 396 971 (1,832) 5,357 239 (2,500) 65,828 60 5 ii5l + 491 + +3,424 588 570 171 1 £ A PI 1 A L A C C O U N T S Capital paid in Surplus Other capital accounts 37 • + f 23 19 14 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) - 2.1$ 31.0$ J# Contingent liability on acceptances purchased for foreign correspondents - 14 253 - 19 * 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 30, 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 16 days to 90 days 91 days to 1 year Over 1 year to 5 yearss Over 5 years to 10 years tars Over 10 years Total 57 3 60 Acjceptances 21 kh - 65 U. S. Government securities and Federal Agency obligations Meekly changes Hoi dings 1 ,665 - 231 24 13,,176 80 15.,167 14,745 900 516 46,169 335 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 30, 1967 E. 4.1(b) Total Boston New York , Philadelphia Cleve- Rich- Atlanta Chicago land mond (In millions "of" dollarsi St. Louis Minneapolis Kansas Eallas City San Francisco A S S E T S 3,040 75^- l,l6l 185 44 CO 3h 8 8 2 65 -- --- «.- -- -- 10,653 ! 1,846 ! 65 1 13,5^1 | 713 -- [ 26,090 |1,372 6,538 \-Jkk 46,169" [27429 i 1 2,592 3, kC9 00 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 811 148 589 105 i 12,499 1 694 668 72 335 1 13 1 8 60 ; ON F. R. notes of other Banks Other cash 657 97 1,006 448 Lf\ Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 155 46 625 99 724 373 66 238 32 389 73 387 65_ ^•39 270 462 452 70 42 l,76l 332 2,093 37 59 30 29 33 20 3* 16 3 13 11 6 2 5 15 5 1,225 226 1, ^51 64 38 49. 1 21 2 _— __ — — — — — — — — — — — -— — -- -.- -- -- -- -- -- -- -- -- -- -- 689 l,c6o — 988 718 2,266 477 26l 532 559 — 1,903 -- — — 919 230 502 125 888 1,869 — 3,603 -6,568 1,646 li7"623 — -1,326 2,3^-7 — 332 2,04l 511 3,612 — 1,385 478 3^7 3,369 — 2 >50 -- -- — ^,367 i,C95 7,728 " l,626 " -- — 1,027 257 -- 1,816 -- — 1,077 270 903 i,90"6~ 6,375 -- -- Total U. S. Government securities 46,169 2, 429 11,623 2,3^7 3,612 3,369 2 ^•50 7,728 1,626 888 1,816 1,906 6,375 Total loans and securities 46,294 2,437 11,696 2,3^-9 3,613 3,371 2.,^•53 7,7^1 1,637 890 1,821 i,9H 6,375 1,1)85 498 2 60 619 5 98 678 6 65 724 20 66 l, 4i6 19 166 396 9 39 268 3 26 531 15 49 454 9 59 779 9 147 3,715 5,381 5,3^8 K 099 11,531 2,584 1, ^-92 2,927 2,920 8,863 Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 8,4oi 110 553 3 1,350 55 10 520 69,657; 3,827 16,970 1/ Includes assets denominated in foreign currencies and IMF gold deposited. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 30, 1967 Total Boston New York Philadelphia Deferred availability cash items Other liabilities and accriaed dividends TOTAL LIABILITIES 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 Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer—general .account Foreign Other Total deposits Cleveland 40,351 2,397 9,377 2,310 3,240 3,697 2,267 7,178 1,478 699 1,532 1,330 4,846 18,653 1,328 116 452 20,549 735 67 6 1 809 5,210 336 23 371 5,940 778 118 7 1 904 1,335 99 11 1 1,446 893 95 7 7 1,002 1,030 75 8 1 1,114 2,782 119 18 2 2,921 648 78 4 5 735 471 51 3 1 526 817 83 6 908 1,049 62 7 1 1,119 2,905 145 16 59 3,125 7,189 239 544 13 1,249 59 419 12 558 20 559 17 624 13 1,196 39 317 8 231 5 420 9 386 11 686 33 68,328 3,763 16,625 3,645 5,264 5,275 4,018 11,334 2,538 1,461 2,869 2,846 8,690 588 28 570 27 171 9 69,657 3,827 153 148 44 16,970 31 30 9 3,715 53 51 13 5,381 31 30 1? 5,348 37 35 85 83 4,099 11,531 20 20 6 2,584 14 14 3 1,492 26 25 7 2,927 34 33 7 2,920 76 74 23 8,863 66 13 23 13 16 37 9 6 11 14 33 ? CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac<:eptances purchased for fore]Lgn correspondents 253 12 FEDERAL RESERVE AGENTS1 ACCOUNTS F, R. notes outstanding Collateral for F. R. notes: Gold certificate account • Eligible paper U. S. Government securities 9,853 2,375 3,463 3,820 2.375 7,416 1,569 736 1,601 1,868 5,066 1,000 503 600 740 450 1,400 320 127 225 180 735 9,000 2.000 3,000 3,160 2,050 6,150 1,310 625 1,400 1,280 4.600 2,546 10,000 2,503 3,600 3,900 JL/ After deducting $ 93 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. .3/ After deducting $187 million participations of other Federal Reserve Banks. 2,500 7,550 1,630 752 1,625 1,460 5,335 Total collateral
@FedFRASER