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:^m& H.4.1** — * FEDERAL RESERVE Foctors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release January 19, 19&7 The average of daily figures of total member bank reserves held during the week ended January l8, decreased $873 million to $23,6^0 million. Estimated currency and coin of member banks decreased $3 million and their reserve balances at the Federal Reserve Banks decreased $870 million. Estimated required reserves decreased $393 million; and estimated excess reserves decreased $W30 million to $178 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $39 million; the week before they were $73 million less than excess reserves. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $^08 million in U. S. Government securities held under repurchase agreement, $368 million in member bank borrowings, $203 million in U. S. Government securities bought outright, and $106 million in Federal Reserve float. The principal offsetting change was a decrease of $44l million in currency in circulation. Total Reserve Bank credit decreased $1,179 million. As of Wednesday, January 18, 1967, holdings of U. S. Government securi ties bought outright were $i+09 million lower than a week earlier, and member bank borrowings were $10^ 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 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) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, Jan» 19, Jan. 11, Jan. 18, Jan. 18, 1966 1967 1967 1967 (In millions of dollars 203 ^08 +3,^ + 1^0 ^3,6c4 287 4o 2 87 3 3 76 37 217 1 2,111 46,384 13,158 6,348 65,891 368 -- 106 -1,179 1 + 4 -1,174 1 23 - 330 +3,256 - 575 + 739 +3,420 335 -1,871 46,212 13,159 6,3^9 65,720 44,oo4 1,221 565 149 445 2C9 ^6,593 - 44l + 7 + 55 + 6 + 10 + 59 - 304 +2,386 + 394 - 143 + 13 + 203 - 270 +2,582 ^3,839 1,232 608 175 427 217 46,498 19,298 4,342 23,640 23,^62 _ - + 839 + 33^ +1,173 +1,203 30 19,223 4,664 23,887 23,564 1 323 ^3,797 1U0 78 178 870 3 873 393 480 On January 18, 1967, U. G. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,0l8 million, an increase of $95 million for the week and a decrease of $902 million from the comparable date a year ago. H.k.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Change; since Jan. 18, Jan. 11, Jan. 19, 1967 1967 .. . 1966 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 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 Eeld under repurchase agreements Total U. S. Government securities Total loans and securities 10,823 1,854 12,677 (1,008) 0 321 + 4 + 4 + 17 335 -104 76 37 - 3 - 85 3 9 11,752 4,351 -409 +3,210 -— -- +4,351 -3,526 - 351 -409 +287 -122 -312 +3,684 + 287 +776 + 21,302 6,199 43,604 287 43,891 44,341 Cash items in process of collection (2,075) 8,174 Bank premises 107 Other assets l/ 1,134 TOTAL ASSESS/LIABILITIES & CAPITAL ACCOUNTS (3,083) 667754 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 + + 170 268 +3,971 +4,253 592 +46;=; + 4 + 36l +4,627 (1,008) 38,560 -465 +2,009 19,223 +521 -230 +1,830 608 175 427 20,433 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES -- - 879 + 126 - 753 (2,075) 6,303 223 (2,075) 65,519 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 571 570 94 - 23 - 13 +321 - 246 + 41 + 190 +1,815 +582 - 13 +425 + 690 + 59 +4,573 + 43 — -- + 37 t+ *- 19 19 16 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on 32.< the following pages—not consolidated) Contingent liability on acceptances purchased 30 7 for foreign correspondents 168 * 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. M11IRITY_DISTRIBUTI0N OF IQAWg AM) SECURITIES, JANUARY 18, 196? (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 l6 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 304 31 335 Acceptances 59 113 U. S. Government securities and Federal Agency obligations Weekly changes Holdings +72T ~T^56 -722 8,150 -119 25,036 7,458 991 402 43,893 -120 E. 4.1(b) STATEMENT OF CONDITION OF EACH FEEERAL RESERVE BANK ON JANUARY 16, 1967 — Total Boston Phila delphia New York CIeve - Rich- Atlanta Chicago land l mond (In millions of dollars) ""■ — *-T 1 Minnes.jdis Louin St. 1 Sim Kansas Dallas 1 FranCity i cisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash 10,823 1,654 626 102 12,677 600 96 696 860 155 1,015 1,071 164 528 103 728 1,958 443 2,4C1 1,235 631 1,0C8 321 73 11 2^3 35 62 7 110 53 97 16 92 335 k 29 2 76 37 -- 76 37 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 11,752 4,351 21,302 6,199 43,604 287 4i4 500 72 506 62 479 192 32 224 572 568 1,515 219 1,734 4c 97 48 34 31 19 9 23 15 50 19 108 35 6 Ik 199 28 23 2 18 -- -- -- -- 2,053 34l 2,394 65 - __ -- r\ 2 617 228 1,117 325 2,287 959 355 1,738 506 3,558 851 315 1,544 449 3,159 670 248 1,214 353 2,485 1,971 73C 3,573 l,04c 7,314 4o8 151 74o 216 1,515 224 83 406 118 831 _- 2,964 1,096 5,373 1,564 10,999 287 Total U. S. Government securities 43,891. 2,247 11,286 2,287 3,558 3,159 2,485 .-2,314 1,515 631 _ix&25_ 1.615 5.959 _ Total loans and securities 44,341 2,251 11,430 2,292 3,560 3,165 2,499 7,513 1,543 836 1,658 1,617 5,977 Cash items in process of collection Bank premises Other assets l/ 10,249 107 1,134 6kk 3 45 2,051 9 450 580 3 48 703 5 81 848 20 55 1,634 20 i4i 515 8 32 317 3 20 658 11 38 536 10 46 974 9 123 69,837 3,755 16,619 3,688 5,527 4,185 11,647 2,642 1,428 2,975 TOTAL ASSETS l/ 605 225 1, C98 319 2,247 789 6 55_ 5,365 Includes assets denominated in foreign currencies and IMF gold deposited. 44i 163 799 232 1,635 435 161 789 230 1,615 2,Zk6 1,607 594 2,911 847 5,959 8,960 E.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 18, 1967 Total Boston Nev ■York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne Kansas Dallas apolis I City San Fran 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 39,568 2,363 9,155 2,267 3,276 3,631 2,252 7,173 1,451 699 1,485 1,255 4,561 19,223 608 175 427 682 41 7 # 809 42 8 1 902 86 8 7 1,003 1,091 29 9 2 1,131 844 61 7 2 467 715 229 914 514 3,303 68 19 60 3,450 649 749 393 1,035 52 9 1 1,097 635 3,071 42 22 2 3,137 1,318 444 19 4 # 730 592 1,440 34 13 1 1,488 692 51 5 1 20,433 8,378 4,910 83 1/ 64 2/350 5,407 1,674 416 757 223 11 62 10 18 16 12 37 7 4 8 8 30 3,696 16,298 3,623 5,417 5,299 4,110 11,665 2,600 1,399 2,921 2,776 8,798 149 148 24 30 30 5 51 51 8 30 30 6 35 35 5 83 83 16 20 20 2 14 14 1 25 25 4 33 33 4 74 74 14 3,755 16,619 3,688 5,527 5,365 4,185 11,847 2,642 1,428 2,975 2,846 8,960 if W 9 15 9 24 6 4 7 10 22 FEDERAL RESERVE AGENTS' ACCOUNTS . 3,556 3,786 2,422 7,578 2,341 1,528 734 1,566 1,358 4,909 127 225 180 735 635 i,4oo 1,230 4,600 762 1,625 i,4io 5,335 68,602 571 570 94 69,837 168 27 27 5 8 41,876 2,46o 9,638 6,450 30 36,9B6 500 1,000 2,016 43,466 2,516 860 486 600 740 450 1,100 8,900 483 2 2,000 3,050 3,095 2,050 6,700 310 28 1,310 9,900 2,485 3,650 3,835 2,500 7,800 1,648 l/ After deducting ^111 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 3/ After deducting (<pl2k million participations of other Federal Reserve Banks. 10 Less than $500,000..
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