The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL **?f*Au&*y RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release December 7, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended December 6, increased a net of $208 million to $24,855 million. Estimated currency and coin of member banks decreased $89 million and their reserve balances at the Federal Reserve Banks increased $297 million. Estimated required reserves increased $267 million; and estimated excess reserves decreased $59 million to $315 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $228 million, compared with the revised figure of $255 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $372 million in U. S. Government securities bought outright, $125 million in U. S. Government securities held under repurchase agreements, and $83 million in Federal Reserve float, and a decrease of $264 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $280 million in "other11 F. R. accounts (net), and $133 million in currency in circulation. Total Reserve Bank credit increased $579 million. As of bought outright securities held bank borrowings Wednesday, December 6, 1967, holdings of U. S. Government securities were $352 million higher than a week earlier, U. S. Government under repurchase agreements were $42 million lower, and member were $12 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 Average of daily figsures Week ended Change from week ended Wednesday, Dec. 6, Dec. 6, Dec. 7, Nov. 29, 1967 1967 1967 1966 dollars) millions of (In +372 +125 +5,407 - 299 11 + 9 + 2 -- 62 14 + 7 + 14 + - 6 62 69 49 - 362 124 48,719 172 48,853 ~~ 87 - 32 -- -- 13 -- 1,631 50,696 12,771 6,776 70,243 + 83 +579 - 383 +4,297 - 387 + 524 +4,434 1,589 50,684 12,434 6,773 69,891 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) 46,480 1,445 1,306 +2,270 + 257 + 854 46,822 1,441 1,030 2 145 440 90 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 49,770 +133 - 12 -264 - 15 + 12 +280 +136 160 444 -65 20,473 4,382 24,855 24,540 315 -137 - 9 +433 +297 - 89 +208 +267 - 59 + 29 - 320 +3,088 +1,347 + 320 +1,667 +1,533 + 134 49,968 19,924 4,651 24,575 24,534 41 1 On December 6, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign recount were $9,303 million, a decrease of $107 million for the we^V m»a an increase of $1,950 mi 11 Ion fxovi the year ago. .C<>I»I>*VMM..<* dm-^ a H.4.1(a)/< CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Dec. 6, Nov. 29, Dec. 7, 1967 1967 1966 A S S E T S - 485 - 826 10,013 Gold certificate account 1,902 7 + 78 + Redemption fund for F. R. notes * - 478 - 748 Total gold certificate reserves 11,915 (484) 1 + 65 Cash 349 Discounts and advances 124 12 - 234 Acceptances: + 10 + 10 69 Bought outright + 18 49 49 Held under repurchase agreements Federal Agency obligations-21 Held under repurchase agreements U S, Government securities: Bought outright15,848 Bills + 352 +4,323 ---4,351 Certificates -+5,640 26,918 Notes -- 101 6,087 Bonds 48,853 + 352 +5,511 Total bought outright -- 341 42 Held under repurchase agreements + 310 +5,170 48,853 Total U. S. Government securities + 355 +4,907 49,095 Total loans and securities (1,963) 7,631 Cash items in process of collection + 497 + 756 111 1 + 8 Bank premises - 229 1,505 + 195 Other assets 1/ 70,606 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,447) +_ 143 +5,183 L I A B I L I T I E S Federal Reserve notes Deposits: Member banks reserves U. S. Treasurer—general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (484) 41,319 + 325 +2,100 19,924 1,030 + 212 - 738 2 26 + - 502 + 262 + _16. + 101 +1,326 + 833 145 440 (1,963) 21,539 6,042 (2,447) 311 69,217 60 + 34 +2,133 + 830 db 54 +5,117 C A P I T A L A C C O U N T S Capital paid in + 22 591 Surplus 570 + 19 Other capital accounts 228 + 25 43 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 28.5% 1.4% 3.3% Contingent liability on acceptances purchased for foreign correspondents 62 144 * Figures in parentheses are the eliminations made in the consolidating process. If Includes assets denominated in foreign currencies and IMF gold deposited. JV Includes IMF'_. gold deposit. MATURITY DISTRIBUTION OF .LOANS AND SECURITIES, DECEMBER 6, 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. Government securities and Discounts and Federal Agency obligations advances Acceptances Holdings Weekly changes 61 Within 15 days 121 1,882 -355 57 16 days to 90 days 3 8,266 +697 91 days to 1 year 20,964 - 34 Over 1 year to 5 years 16,258 Over 5 years to 10 years 928 Over 10 years 555 — Total 118 124 48,853 +308 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 6, 1967 H. 4.1(b) Total Boston New York Philadelphia F. R. notes of other Banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreements Richmond Atlanta Chicago St. Louis Minneapolis 418 68 486 —LL. San Francisco Kansas City Dallas (In millions of dol ars) A S, S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleveland 10,013 1,902 11,915 484 349 124 600 108 708 42 22 2,167 463 2,630 3 18 154 46 584 100 684 22 7 10 806 156 962 974 171 1,145 31 43 1 25 22 1,796 1252,125 1 577 102 679 52 40 1 29 63 22 154 382 17 32 1 185 11 4 6 455 22 17 5 349 _6_L 416 1,206 22k. 18 14 * 1,440 61 39 56 69 49 69 49 859 3,834 823 1,259 1,189 888 2,610 562 318 606 661 2,239 26,918 1,459 330 6,087 48,853| 2,648 6,513 1,473 11,820 1,399 316 2,538 2,137 484 3,880 2,019 457 3,665 1,509 341 2,738 4,432 1,002 8,044 955 216 1,733 540 122 980 1,029 232 1,867 1,122 254 2,037 3,804 860 6,903 Total U. S. Government securities 48,853 2.648 11.820 2,538 3.880 3,665 2,7.38 8,044 1,733 980 -Ua&Z—2^.037. 6„903.. Total loans and securities 49,095 2,651 11,956 2,548 3,881 3,666 2,739 8,066 1,734 986 9,594 111 1.505 620 3 61 1,739 10 559 558 2 71 703 5 LU 749 7 Z3_ 802 20 76 1,548 18 187 511 9 4S 319 3 30 17,094 3,892 5,738 4,408 12,036 2,834 Cash items in process of collection Bank premises Other assets J7 TOTAL ASSETS 1_/ 15,848 73,053 4,107 5,687 1,538 1,872 606 16 54 3,042 2,0-7 55C c .. 7f 3,114 6,959 889 9 .166 9,563 Includes assets denominated in foreign currencies and IMF gold deposited. * Less than $500,000. 11.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 6, 1967 Total 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 ace.eptances purchased for forei-gn correspondents Boston New York Phila- Clevedelphia land Richmond At1ant a Chicago MinneSt. Louis apolis Kansas City Dallas San Francisco (In millions of dollars) 41,803 2,480 9,741 2,405 3,370 3,840 2,380 7,331 1,542 705 1,560 1,394 5,055 19,924 1,030 145 440 21,539 8,005 876 62 7 1 946 598 5,002 140 1/ 41 2/384 5,567 1,344 878 52 7 1 938 459 1,518 73 13 1,133 82 9 1 1,225 701 3,018 130 20 3 3,171 1,276 775 56 5 1 837 397 490 33 4 1,604 618 978 117 7 8 1,110 637 527 266 846 86 6 3 941 469 1,109 52 8 2 1,171 459 3,301 147 18 36 3,502 781 317 71,664 16 4,040 81 16,733 17 3,819 25 5,617 23 5,610 17 4,323 51 11,829 11 2,787 8 1,506 12 2,982 13 3,037 43 9,381 591 570 228 29 27 11 154 148 59 31 30 12 53 51 17 31 30 16 37 35 13 86 83 38 20 20 7 14 14 4 26 25 9 34 33 10 76 74 32 73,053 4,107 17,094 3.892 5.738 5.687 4.408 12,036 2.834 1.538 3.042 3.114 9.563 7 3/ 38 7 13 8 9 21 5 3 6 8 19 144| * * FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate accounts Eligible paper U. S. Government securities Total collateral JV 2J 3/ 2,586 10,177 2,468 3,594 3,949 2,485 7,567 1,599 729 1,625 1,494 5,301 1,000 510 600 620 450 1,400 325 127 225 180 735 9,300 10,300 2,000 2,510 3,100 3,700 3,3_70_ 3,990 2,050 2,500 6,450 7,850 1,370 1,695 625 752 1,450 1,675 After deducting $104 million participations of other Federal Reserve Banks, Includes IMF gold deposit. After deducting $106 million participations of other Federal Reserve Banks. * 1.380 -Sj.QOO 1,560 5,735 Less than $500,000.
@FedFRASER