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FEDERAL : $PSB^* RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 16, 1969 The average of daily figures of total reserves of member banks increased $517 million (net) to $28,480 million. Required reserves increased $573 million and excess reserves declined moderately from the level of the previous week. The major factors affecting reserves in the latest week were float and currency in circulation. A decline of about seasonal proportions in float, absorb- ing reserves, was more than offset by a $449 million reduction in currency in circulation which provided a like amount of reserves. System Open Market operations absorbed about $400 million of reserves, on a weekly average basis. Member bank borrowings rose to a level of $688 million, and borrowings exceeded excess reserves by $542 million, compared with the revised figure of $297 million for the previous week. 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 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 Total reserves held Required reserves Excess reserves Averages of daily figures Week ended Change from week ended Wednesday, Jan. 15, Jan. 8, Jan. 17, Jan. 15, 1969 1969 1968 1969 (In millions of dollars) 52,967 - 175 +4,267 57 1/ 52,187 - 172 16 55 14 6 53 464 957 - 392 - 597 -1 - 598 +1,011 +5,664 -1,617 + 19 +4,067 2,618 55,815 10,367 6,801 72,983 - 449 1 - 16 1 3 +3,530 - 635 - 456 + 60 + 14 - 531 +1,982 49,865 688 2 - 29 + 189 + 2,998 56,708 10,367 6,800 73,876 50,023 762 563 216 487 -1,156 50,895 22,981 5,499 28,480 28,334 146 + 45 - 427 - 172 + 689 + 517 + 573 +2,085 + 824 +2,909 +2,920 56 11 - 767 613 230 511 -1,220 50,766 22,216 5,499 27,715 28,334 - 619 NOTE: A net of $117 million of surplus reserves were eligible to be carried forward from the week ended January 8, into the week ending January 15. 1/ Reflects $690 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On January 15, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,134 million, a decrease of $300 for the week. million H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Jan. 15, Jan. 8, Jan. 17, 1968 1969 1969 A S S E T S -1,445 Gold certificate account 1/ 10,025 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 Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS 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 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,110) 11 777 214 957 - 178 91 15 40 53 18,006 535 28,706 5.475 2/ 52,187 - -535 - 535 +2,394 939 4-1,788 - 612 +3,570 - 402 +3,168 +3,018 +1,428 + 1 + 851 +3.675 (1,110) 43,704 462 +2,828 22,216 52,187 53,197 (2,422) 10,270 113 2,869 (3,532) 76.688 613 230 511 (3) (3) 23,570 (2,419) 7,652 387 (3,532) 75,313 + 238 + 611 1 + + 78 + -JL 494 149 + 14 + 42 » 401 + 957 12 + - - + +3,605 884 + + - + + 74 267 86 24 83 775 85 C A P I T A L A C C O U N T S .Capital paid in 633 5 + 30 Surplus 630 + 32 Other capital accounts 112 - 50 8 + Contingent liability on acceptances purchased for foreign correspondents 108 3 50 * Figures in parentheses are the eliminations made in the consolidating process. \J Includes amount of gold certificates previously included in "Redemption fund for F. R. notes.11 2/ Reflects $690 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes assets denominated in foreign currencies and IMF gold deposited. 4/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 15, 1969 (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 Acceptances Holdings Wee]cly changes advances Within 15 days 950 1,427 12 -143 16 days to 90 days -247 41 17,491 7 --91 days to 1 year -145 8,835 -.-. Over 1 year to 5 years 12,880 --. Over 5 years to 10 years 'S 10,943 — Over 10 years --611 Total 957 53 52,187 -535 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON WEDNESDAY, JANUARY 15, 1969 H.4.1(b) Total Boston Phila- Clevedelphia land New York Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) A S S E T S Gold certificate account F. R. notes of other banks Other cash ! 10,025 544 2,868 540 715 831 266 1,802 365 195 399 444 1,056 1,110 214 98 12 226 20 70 6 91 26 118 17 113 26 77 25 45 25 21 4 30 18 64 12 157 23 957 82 204 -T 42 43 40 329 17 16 53 11 113 53 --- 53 --- --- -— -— --- -— — -- -__ --- -- 18,006 4,316 956 1,420 1,354 999 2,959 635 348 697 766 2,617 •« -- -- -- — -- -- -- -- 1,013 194 1,842 554 106 1,008 1 ,112 212 2 ,021 4,173 796 7,586 -- -- -- 1 ,222 233 ~T,221 2 ,021 ~2 ,221 2 ,074 2 ,232 7,586 7,699 667 9 142 1,143 9 359 3 ,494 3 ,570 10,446 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 tmder repurchase agreements Total U«. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets \J 12,692 113 ! 2,869 TOTAL ASSETS -- — -_ 939 -1,498 28,706 285 5,475 52,187 1 2,722 . — 1,592 304 2,895 -- 4,717 899 8,575 6,880 1,312 12,508 1,524 291 2,771 2,264 432 4,116 2,157 411 3,922 -- -- -- -- •52,187""" 2,722 [53,197 [ 2,804 12,508 12,765 2,771 2,778 4,116 4,158 3,922 3,965 2,895 2,935 8,575 8,904 1,842" 1,859 761 3 129 2,282 10 893 717 2 139 946 5 231 990 10 152 1,221 18 164 2,002 17 397 648 8 93 472 '3 59 4,351 19,064 4,252 6,172 6,083 4,743 13,224 3,043 1,778 -• 180,220 -- 17 Includes assets denominated in foreign currencies and IMF gold deposited. — ., '^r — — 1,008 1,024 843 19 111 — -- H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 15, 1969 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis San Kansas City Dallas |Francisco (In mil ions of dollars) LIABILITIES. 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 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 44,814 2,600 10,354 2,573 22,216 613 230 965 1 11 967 1 11 9 988 599 3,660 4,079 2,396 7,980 1,657 760 1,652 1,547 5,556 1,533 • 20 -1 1,553 306 1,064 1 11 10 1,086 814 1,226 '•• 14 3 1,243 997 3,356 1 32 3 3,392 1,583 809 1 8 1 819 506 587 1,063 5 __1 593 337 9 4 1,076 693 1,342 1 13 1 1,357 573 3,645 2 30 39 3,716 928 23,573 10,071 977 687 5,659 605 1/ 66 2/443 6,773 1,498 387 20 91 20 30 30 21 63 13 7 15 16 61 78,845 4,284 18,716 4,180 6,049 6,009 4,657 13,018 2,995 1,747 3,436 3,493 10,261 633 630 112 31 31 5 160 160 28 33 33 6 58 56 9 33 33 8 40 40 6 94 93 19 22 22 4 15 14 2 27 27 4 36 36 5 84 85 16 30,220 4,351 19,064 4,252 6,172 6,083 4,743 13,224 3,043 1,773 3,494 3,570 10,446 108 5 3/ 27 514_ 16 10 14 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 47,311 2,710 10,964 2,659 3,914 4,264 2,574 8,337 1,727 795 1,743 1,710 3,547 200 500 300 600 585 -- 1,000 180 27 -- 155 2.531 45,171. 48,713 I 2,731 10.600 2,500 3,400 3J£Q 2,650 7.650 1.670 785 1.775 1.630 6.250 11,100 2,800 4,000 4,315 2,650 8,650 1,850 812 1,775 1,785 6,250 1/ After deducting $164 million participations of other Federal Reserve Banks. 2_/ Includes IMF gold deposit. After deducting $ 81 million participations of other Federal Reserve Banks. Digitized for3/ FRASER * 5,914 Less than $500,000.
@FedFRASER