The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ot£2ft»V "'"f^iv&T-" FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks H.4,1 For immediate release December 14, 1967 The average of daily figures of total member bank reserves held during the week ended December 13, decreased a net of $160 million to $24,695 million. Estimated currency and coin of member banks increased $103 million and their reserve balances at the Federal Reserve Banks decreased $263 million. Estimated required reserves decreased $171 million; and estimated excess reserves increased $11 million to $308 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $187 million, compared with the revised figure of $210 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $172 million in U, S. Government securities held under repurchase agreements, and increases of $438 million in currency in circulation, and $71 million in "other" F. R. accounts (net). The principal offsetting changes were increases of $134 million in U. S. Government securities bought outright, and $61 million in acceptances held under repurchase agreements, and a decrease of $519 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $32 million. As of Wednesday, December 13, 1967, holdings of U. S. Government securities and those held under repurchase agreements were unchanged from a week earlier, and member bank borrowings ,;ere $32 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreements Special Certificates 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 F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Jlember bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily f:Leures Week ended Change from week ended Wednesday, Dec. 13, Dec. 14, Dec. 6, Dec. 13, 1966 1 1967 1967 1967 (In millions of dollars) 48,853 +134 -172 +5,661 - 317 -- 72 -- - 11 16 69 75 + 7 + 61 + + 8 26 69 66 121 + 34 - 526 156 -- -- 21 -- 1,636 50,753 12,432 6,773 69,958 46,918 1,445 - 19 + 32 -339 - 3 -310 +438 1,676 50,820 12,434 6,772 70,026 47,103 1,455 787 140 427 6 -519 - 20 - 17 + 71 - 47 - 396 +4,346 - 726 + 490 +4,111 +2,315 + 246 + 660 + 15 57 +3,138 -263 +103 -160 -171 + 11 + 973 + 204 +1,177 +1,379 - 202 48,853 --- 49,723 20,235 4,460 24,695 24,387 308 -- 41 --- 658 136 440 -214 49,578 20,448 5,121 25,569 24,693 876 On December 13, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,698 million, a decrease of $605 million for the week and an incr ease of $1,319 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 Dec. 13, Bac. «». Dec. 14, 1966 1967 1967 A S S E T S 31 9,982 — - 839 Gold certificate account 26 1,928 + 92 + Redemption fund for F. R. notes 11,910 Total gold certificate reserves * 5 - 747 Cash (467) + 69 9 358 + Discounts and advances 156 + 32 - 191 Acceptances: -.Bought outright + 5 69 Held under repurchase agreements 66 + 17 + 19 Federal Agency obligations-Held under repurchase agreements 24 U. S. Government securities: Bought outright-Bills -+4,473 15,848 --Certificates -4,351 -Notes 26,918 +5,640 Bonds -6.087 - 101 Total bought outright __ 48,853 +5,661 „_ Held under repurchase agreements -- 34S -48,853 +5,316 Total U. S. Government securities 49,144 + 49 +5,125 Total loans and securities 8,065 414 + 205 Cash items in process of collection (1,981) + -Bank premises 111 + 7 1,671 + 166 + 331 Other assets 1/ 71,259 +_ 633 +4,990 TOTAL ASSETS/LIABILITIES 6c CAPITAL ACCOUNTS (2,448) Federal Reserve notes Deposits: Member bank U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (467) (1,981) (2,448) 41,620 + 301 +2,162 20,448 658 136 440 21,682 6,389 307 69,998 + 504 +1,750 + 385 30 + 26 +2,131 + 593 + 52 +4,938 - 372 9 -+~ 123 + 347 10 761 + A C C O U N T S C A P I T A L .. + 22 591 Capital paid in -570 + 19 Surplus + 11 100 128 Other capital accounts Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 28.370 .27o - 3,37, Contingent liability on acceptances purchased for foreign correspondents 146 + 2 - 5 7 * 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, DECEMBER 13^1967 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements) U. S. Governmej&t securities and Discounts and Federal Agency obligations Acee£tances Holdings advances We ekly changes Within 15 days 154 77 + 67 1,949 16 days to 90 days 8,124 -142 2 58 91 days to 1 year --• 21,039 + 75 Over 1 year to 5 yearss -* -16,258 Over 5 years to 10 years ars --928 Over 10 years _-z --_ 555 *** Total 156 135 48,853 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 13, 1967 Total A _s s_ :E T £ Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Boston New York Rich- Atlanta Chicago Phila- Clevedelphia land mond (In millions of dollars) 1,201 2,089 331 67 398 45 42 25 64 15 33 10 4 24 17 18 15 60 40 * 4 45 5 - 21 * 24 -— -—— -—- -—- --- -—— -"" — —— —— —- 823 1,196 1,189 869 579 305 -- -- 518 117 9^0 i,oc6 28 46 28 23 2 3 --- 473 99 2,768 ^67 358 39 22 156 Discounts and advances Acceptances: 69 Bought outright Held under repurchase agreements 66 Federal Agency obligations -Held under repurchase agreements U, S. Government securities: Bought outright-15,848 Bills -Certificates Notes 26,918 6,087 Bonds Total bought outright 48,853 -Held under repurchase agreements Total U. S. Government securities , 48.8<^ Total loans and securities 1+9,144 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS JL/ 610 827 156 983 158 44 17 8 23 28 — -- 69 — 1,373 311 2,492 3,9H — 6,642 1,501 12,054 San Francisco 382 72 454 2,295 8c8 Dallas 168 33 201 1,760 716 108 824 66 Kansas City 366 67 433 598 107 705 9,982 1.928 11,910 F. R. notes of other banks Other cash St. MinneLouis apolis 511 — — 2,032 827 179 -- 329 2,579 — 1,476 4,381 316 46o 457 333 991 983 222 2,538 3,688 3,665 2,678 7,951 1,784 1,399 2,019 598 " 1,015 669 238 1,439 am 2,322 -~ "- 1,136 3,9^ 230 257 892 1,«43 2,062 7,158 -- -- -- -- -- -- -- 2.492 12,054 2,538 3,688 3,665 2,678 7,951 1,784 940 1,843 2,062 7,158 2,515 12,217 2,540 3,691 3,665 2,682 2,062 7,182 611 3 70 1,882 924 20 86 211 544 9 51 631 16 62 531 9 79 92T 10 603 801 7 82 94l 333 3 34 1,864 681 5 125 7,996 1,597 1,789 584 2 78 190 73,707 4,084 17,682 3,839 5,559 5,612 4,504 12,000 2,874 1,526 3,068 3,112 9,847 10,046 ill 1.671 — — 18 «.- -- —— Q Includes assets denominated in foreign currencies and IMF gold deposited. m. * Less than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 13, 1967 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kans as Dallas City San Francisco (In millions of dollars) L I A B I L I T I E S 42,087 Federal Reserve notes Deposits: .20,448 Member bank reserves U-, S. Treasurer--general account 658 Foreign 136 Other 440 Total deposits 21,682 Deferred availability cash items 8,370 Other liabilities and accrued dividends 307 TOTAL LIABILITIES 72,446 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 2,495 9,784 2,435 3,405 3,864 2,409 7,370 1,557 711 1,568 1,406 5,083 901 38 7 5,437 106 1/ 32 2/389 5,964 1,530 792 31 7 1 831 491 1,362 43 13 1,418 601 929 57 7 8 1,001 657 1,147 38 9 1 1,195 804 3,001 92 21 2 3,116 1,279 791 42 5 1 839 424 479 23 3 1 506 273 884 52 6 3 945 487 1,138 42 8 2 1,190 432 3,587 94 18 32 3,731 825 76 15 4,023 17,354 16 3,773 24 5,448 23 5,545 17 4,425 49 11,814 11 2,831 6 1,496 13 3,013 13 3,041 44 9,683 154 148 26 31 30 5 52 51 8 31 30 6 37 35 7 87 83 16 20 20 3 14 14 2 26 25 4 34 33 4 76 74 14 3,839 5.559 5,612 4.504 12.000 2.874 1.526 3.068 3.112 9.847 8 13 8 21 5 4 6 8 19 * 946 567 591 570 100 29 27 5 73.707 4.084 146 7 17.682 3/ 38 * FEDERAL F. R. notes outstanding Collateral for F. R. notes: Gold certificate accounts Eligible paper U. S. Government securities Total collateral 43,858 2,556 10,255 RESERVE AGENTS1 ACCOUNTS 2,474 3,618 3,982 2,519 7,605 1,632 741 1,625 1,500 5,351 735 6,632 450 1,000 510 600 620 450 1,400 335 127 225 180 -- -- -- -- -- -- -- -- -- -- -- -- -- 2,136 9,400 2,586 10,400 2,000 2,510 3.100 3,700 3,400 4,020 2,100 2,550 6.450 7,850 1.370 1,705 625 752 1,450 1,675 1,380 1,560 5.000 5,735 38,411 45,043 2/ After deducting $104 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 3/ After deducting $ 108 million participations of other Federal Reserve Banks, 9 * Less than $500,000.
@FedFRASER