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FEDERAL *-?$ss^y RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release February 23, 19^7 E.lf.l The average of daily figures of total member bank reserves held during the week ended February 22, increased a net of $93 million to $23,8l4 million. Estimated currency and coin of member banks increased $102 million and their reserve balances at the Federal Reserve Banks decreased $9 million. Estimated required reserves decreased $90 million; and estimated excess reserves increased $183 million to $599 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $122 million, compared with, the revised net borrowed figure of $4(3 million the week before* The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $l43 million in U. S. Government securities bought outright, $65 million in Federal Reserve float, and an increase of $165 million in "other" F. R. accounts (net). The principal offsetting changes were increases of $212 million in U# S. Government securities held under repurchase agreements, and a decrease of $46 million in currency in circulation. Total Reserve Bank credit increased $64 million. As of Wednesday, February 22, 1967, holdings of U. S. Government securities bought outright were $94 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $59 million lower, and member bank borrowings were $570 million lower. 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 Acceptance s — 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) 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, Feb. 15, I Feb. 23, Feb. 22, Feb. 22, I967 I 1966 1967 1967 (In millions of dollars) 43;844 462 -1U3 +212 +3,620 + 462 43,893 684 31 + 24 31 75 78 64 + l + l4 + + k 30 1 1 78 98 kTJ 387 TT678H T~m k3 20 - 186 +3,899 - 589 + 760 +4/069 \ 1,855 + 21 -- 65 13,ikk 6,1+20 66,375 -15 +18 + 67 1,534 46,749 13,109 6,421 66,279 +2,3^9 + 4l2 + 5 l + 202 - 288 ~K£~&& - k6 - 8 - 18 - 13 - 2 +165 + 77 +27579 43,656 1,249 398 129 448 615 46,495 19,720 4,094 237814 23,215 599 - 9 +102 + 93 - 90 +183 +1,391 + 317 +1,708 +1,507 + 201 19,785 4,500 24,285 1 23,213 ' l , 072 43,568 1,252 686 128 434 588 | On February 22, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,319 million, a decrease of $52 million for the week and a decrease of $568 million from the comparable date a year ago. H;4.l(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Feb. 22, 1967 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves (827) Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Change since Feb. 15, Feb. 23, 1967 1966 10,797 1,833 12,630 - 46 + 2 - 44 897 110 354 387 1 168 269 787 23 78 49 + t- 5 67 75 27 75 12,o4i 4,351 21,302 6,199 43,893 684 44,577 45,215 - 94 +3,462 +4,351 -3,569 - 351 +3,893 + 684 +4,577 +4,455 Cash items in process of collection (2,fc03) 7,205 107 Bank premises 768 Other assets l/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3,230] 66,279 -827 - 59 -153 - 54 - 20 -944 +1,007 + 5 + 358 +5,206 (827) 38,358 - 36 +1,994 19,785 398 129 627 (732) (732) 20,939 + 31 -243 + 2 +200 +2,533 - 480 (1,671) 5,492 232 13,230) 65,021 -928 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 94 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 574 570 114 - 10 + 398 +2,451 -980 + 656 + 50 +5,151 36 18 19 18 - 6 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 32.2$ -.1$ - 3.7% Contingent liability on acceptances purchased for.foreign correspondents I89 + 7 + 5 4 * Figures in parentheses are the eliminations made in the consolidating process. l/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. FEBRUARY 22, 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 advances Within 15 days 382 16 days to 90 days 5 — 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years trs -« Over LJ years Total 387 Ac.ceptances 123 53 --— «... 176 Federal A gency obligations Holdings, Weekly changes 2,6^9 + 31 ll'662 - 53 -IQh 19,043 -10,053 -~ 853 -~ if02 -126 44,652 K. 4.1(h) STATEMENT OF CONDITION OF EACE FEDERAL RESERVE BANK ON FEBRUARY 22, 1967 Total 1 Boston New Cleve- Rich- Atlanta Chicago j St. 1 Louis mend land (In millions5 of dollars) PhilaYork -delphia Minne-j Kansas Dallas apolis City San Francisco A S S E T S 864 153 1,017 115 58 946 155 1,101 4o 639 95 734 46 9 139 4 98 78 98 75 75 : 10,797 ! 1,833 12,630 i 724 101 2,395 440 825 F. R. notes of other Banks Other cash 827 1 354 1 63 2,835 200 12 Disccunts 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 387 8 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 187 32 219 74 53 421 64 485 22 32 32 85 11 — --- -- 1,955 339 2,294 21 89 43 10 24 — -- -- -— 64i 2,843 12,c4l | 1,028 231 ! 4,351 , 21,302 | 1,132 5,029 1,464 330 | 6,199 10,364 43,893 1 2,334 _684 684 [ 610 220 1,079 2,223 957 346 1,694 493 3,490 889 321 1,573 457 3,240 -- -._ 11,048 2,223 3,49C 45,215 1 2,342 ll,438 2,227 78 ! 1 j 44,577 2,334 3l4 69 696 252 1,231 358 2,537 424 2, 012 727 153 3,56c 750 216 l, 036 7,335 l, 545 1,355 378 62 440 13 9 371 72 443 20 IT 7 25 11 31 — -- — — - 49 20 218 1,573 67 4c 1,869 1,696 613 3,001 873 6,183 1,834 1,869 6,183 946 1,859 1,88C 6,214 257 93 456 133 939 503 182 890 259 1,834 _- --. -- -- -- 3,240 2,537 7,335 1,545 939 3,500 3,264 2,569 7,420 1,556 513 185 907 264 512 3 27 1,620 9 354 521 3 29 579 5 47 931 6 34 973 20 33 -,45l 19 85 473 9 19 360 3 13 668 ll 24 696 10 28 824 9 75 69,509; 3,784 16,496 3,569 5,321 5,426 4,391 11,396 2,596 1,563 3,042 3,123 8,802 9,608 107 768 1/ Includes assets denominated in foreign currencies and IMF geld deposited. 562 102 664 H.4.1(c) STATEMENT OP CONDITION OF EACH FEDERAL RESERVE B A M ON FEBRUARY 22, 1967 Tutal Boston New York j Phila-I Cleve1delphia] land Richmond Atlanta Chicago] St. Louis Minneapolis I San Kansas Dallas ! FranCity I cisco (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 39A85 ! 2,346 9,no 2,247 3,230 3,586 2,208 7,106 1,^32 689 1,470 1,237 4,524 5,37o l,4il 34 11 1,089 34 8 276 1,407 2,936 20 17 2 2,975 669 15 4 91 779 1,110 61 el 54 7 1,456 877 80 6 182 1,145 903 1/ 4o 2/343 5,778 791 14 6 2 813 499 28 129 1,359 21,671 780 30 6 1 817 610 1,051 el. 214 1,392 3,350 3 16 79 3,448 7,163 549 1,214 432 506 612 687 1,094 334 229 457 413 636 232 68,251 12 3,724 67 16,169 11 3,503 17 5,209 16 5,359 12 4,314 35 11,210 8 2,553 5 1,533 9 2,987 10 3,052 30 8,638 574 570 114 27 27 6 149 148 30 30 3Q 30 30 7 36 I 84 83 19 20 20 3 14 14 2 26 D 51 51 10 69,509 3,784 16,496 3,569 5,321 5,426 4,391 11,396 2,596 1,563 3,042 189 9 1/ 49 10 17 10 12 27 19,785 398 , 25 * CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability ^n acceptances purchased for foreign correspondents 3 2 l 74 33 33 5 16 3,123 8,802 11 25 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 41,194 2,409 9,586 2,309 3,495 3,717 2,347 7,4l8 1,500 721 1,537 1,337 4,818 6,700 3 36,326 450 1,000 740 450 l,4oo 310 127 225 180 735 2,016 8,900 600 483 3 2,000 _3,ooo 6,150 1,310 635 l,4oo _l.,230 4,6oo 43,029 I 2,466 9,900 2,486 3,600 3,035 3,775 l/ After deducting $ 89 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 3/forAfter Digitized FRASERdeducting iplkO million participations of other Federal Reserve Banks. 2,500 7,550 1,620 * 762 1,625 i,4io Less than $500,L00. 5,335
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