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*V/O*GOW:' FEDERAL H.4.1 RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release January 26, 1967 The average of daily figures of total member "bank reserves held during the week ended January 25, increased a net of $3l4 million to $23,968 million. Estimated currency and coin of member banks decreased $97 million and their reserve balances at the Federal Reserve Banks increased $^-11 million. Estimated required reserves decreased $58 million; and estimated excess reserves increased $372 million to $^-91 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $^7 million, compared with the revised net borrowed figure of $98 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $321 million in member bank borrowings, $109 million in U. S. Government securities bought outright, and a decrease of $1+37 million in currency in circulation. The principal offsetting changes were increases of $13^- million in Treasury deposits with Federal Reserve banks, and #98 million in "other" F. R. accounts (net), and a decrease of $106 million in U. S. Government securities held under repurchase agreements. Total Reserve Bank credit increased $197 million. As of Wednesday, January 25, I967, holdings of U. S. Government securities bought outright were $3^6 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $^7 million lower, and member bank borrowings were $77 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 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 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, Jan. 25, Jan, 25, Jan. 26, Jan. 18, 1966 1967 „ 1 26I__ L_..!967. (in millions of dollars ^3,9C6 3^ +109 -ic6 +3.696 + 3^ 77 -- T_ 3 72 76 - 4o 538 __ 2,026 h6,58l 13A58 6,360 66,C99 +321 - 1 - 85 +197 -+ 12 +208 + 186 22 59 +3,765 - 575 + 745 +3,935 412 -1,629 46,307 13,159 6,357 65,823 43,567 1,234 699 174 4io 307 ■46,389 -437 + 13 +134 + 25 - 35 + 98 -204 +2,330 + 395 47 + 30 + 179 - 174 +2,711 43,469 1,246 4i6 148 424 345 Ji6,o4"H 19,709 4,259 23,968 23,477 491 +4ll - 97 +314 - 58 +372 +1,224 19,776 4,663 + 293 24,439 +1,517 23,506 +1,331 + 186 • 933 ^3,950 2^0 — 1 On January 25, I967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,l86 million, an increase of $168 million for the week and a decrease of $83^ million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Jan.- 25 IQ67 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U, S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities (1,099) Change since Jan. 18, Jan. 26, 1Q67 1966 10,823 1,845 12,668 - -9 9 + - 858 105 753 335 412 + + 14 77 + - 168 520 -- + - 3 73 76 -- 37 2 12,098 4,351 + 21,302 -6*122 ^3,950 240 44,190 44,678 (1,852) 7,008 Cash items in process of collection Bank premises 108 1,044 Other assets l/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,951) 65,841 L I A B I L I T I E S Federal Reserve notes (1,099) 38,201 Deposits: Member bank reserves 19,776 U. S. Treasurer--general account 4l6 Foreign 148 Other 2/ 424 5!2^§l^^§EOsits 20,764 (1,852) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 5,37? 224 64,568 (2,95D C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 572 570 131 + + + 3^6 -— -3^6 47 299 337 -1,166 l + 90 - 913 +3,44o +4,351 -3,526 - 351 +3,914 + 240 +4,15.4 +3,564 + 597 + 5 + 245 ±3i8§6_ 359 +1,954 + + 553 192 27 3 331 +1,288 - 324 + 14 + 188 +1,166 + - 924 1 951 + 586 + 56_ +3,762 1 -37 + + + 17 19 28 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 32.2$ - 3.7$ Contingent liability on acceptances purchased for foreign correspondents 174 + 6 + 3 8 * 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 jlepqsit^ MATHRITY DISTPIBUTION OF LOANS AND SECURITIES, JANUARY 25, 196.7 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advance5S 18 Within 15 days 16 days to 90 days 58 91 days to 1 year -Over 1 year to 5 years -Over 5 years to lu years -Over 10 years ,Total 76 M U. S. Government securities and Federal Pip-ency obligations Week ly.. c han ges Holdings ceptances +200 2,056 ~ 4o8~" " 4 +359 8,509 -262 24,774 — — 7,458 ---991 — -402 412 44,190 +297 H. h. l(b) STATEMENT OF CONDITION OF EACE FEDERAL RESERVE BANK CN JANUARY 25, 1967 Total Boston New York Phila delphia Cleve land Rich mond A t l a n t a Chicago St. Louis Minne apolis Kansas D a l l a s City San Fran cisco ( I n m i l l i o n s of d o l l a r s ) A S S E T S 2,377 i+i+2 2,819 528 96 621+ 788 15!+ 91+2 928 161 1,089 1+66 102 565 1,855 3^0 2,195 1+11 61+ 12,668 695 101 796 1.C99 335 81 12 263 38 75 8 122 55 101 19 98 1+1 ^ 10 1+12 D i s c c u n t s and advances Acceptances: —. 76 76 Bought o u t r i g h t Held u n d e r r e p u r c h a s e agreements — — F e d e r a l Agency o b l i g a t i o n s - Held under r e p u r c h a s e agreements — U. S. Government s e c u r i t i e s : Bought o u t r i g h t - 623 12,098 Bills 3,051 1,098 225 Certificates '+, 351 Notes 5,373 ; 21,302 1,098 ! 1,564 Bonds 319 6,199 11,056 Total 43,950 2,265 Held under r e p u r c h a s e agreements 2l+0 240 — —-——- — T o t a l U. S. Government s e c u r i t i e s 11,326 UU.190 2,265 T o t a l l o a n s and s e c u r i t i e s M+,678 2,270 11,1+12 3 1 3 -- Gold c e r t i f i c a t e account Redemption fund f o r F. R. n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s F. R. n o t e s of o t h e r Banks Other c a s h Cash items i n p r o c e s s of ccllection Bank p r e m i s e s Cther a s s e t s l / TOTAL ASSETS 10,823 1,81*5 __ 5l4 62 576 1,557 219 1,776 105 ^9 38 31 20 9 25 16 56 19 115 38 23 303 15 1 33 1 l4 --- -- -- -- -- -- -.- 1+20 151 7I+C 216 1+51+ 163 799 232 1,648 -- 1+1+8 161 -- 231 83 i+c6 118 838 -- 987 355 1,738 506 3,586 — 690 876 21+8 315 l,2l4 1,5^ i+1+9 353 3,184 2,505 --- 2,305 3,586 3.181+ 2.505 7,372 .1,-52.7 8^8 1.61+8 2,308 3,587 3,187 2,528 7,675 1,542 839 1,681 1,629 6,020 7ll+ 6 51 813 20 1+9 20 130 ^31 9 29 283 3 17 587 11 537 10 ^9 828 9 11,593 2,555 2,881+ 2,866 8,897 1,551 9 506 3 1+2 1+26 1+1+ 68,792 3,786 16,518 3,568 609 5 .7.2... 5,392 1/ Includes assess denominated in foreign currencies and IMF gold deposited. 1+58 72 530 635 228 1,117 325 2,305 — 582 3 8,860 108 1,C4J+ -. 1+75 21+6 32 278 5,167 4,117 2,029 730 3,573 l,ol+o " 7,372 -- 1,527 1,449 789 230 1,628 -- 1,654 594 2,911 81+7 6,006 __ — U i 2 & _ 6, oc6 m H.4.1(c) STATEMENT OF CONDITION OF EACH. FEDERAL RESERVE BANK OH JANUARY 25, i Total L I A B I L I T I E S 39,300 Federal Reserve notes Deposits: Member bank reserves 19,776 U. S. Treasurer—general account 416 148 Foreign 424 Other Total deposits 20,764 referred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES | New Boston I York i 9,112 2,248 3,250 788 29 7 5,291 777 18 8 i,4oo 129 824 7,231 54o 224 11 # i 1 ! Cleve- RichSt. Atlanta Chicago! | delphia j land | mond Louis 1 1 (In millions of dollars) \ Phila- 2,350 1/ 41 2/349 5,810 ! \tfP * 3,603 844 19 8 8 879 600 36 13 1 1,205 803 439 1,450 60 11 18 16 561 1 San Minne-j Kansas 1 Dallas » Franapolis j City cisco 1 . I i ... i 2,222 7,112 1,440 695 1,472 1,247 4,549 1,116 3,074 721 5 5 l 732 481 5 3 1 490 231 866 1,108 3,310 9 9 1 9 21 1 1,135 670 3,105 1,150 331 13 37 8 4,o4o 11,404 x ^ 3 892 8 1 10b 19 58 1,151 3,493 457 388 9 l 3 659 4 8 1,420 2,829 2,795 8,730 29 67,519 3,725 16,187 3,501 5,279 5,098 572 570 131 27 27 7 149 148 34 30 30 7 51 51 11 30 30 9 35 35 7 84 83 22 20 20 4 14 14 l 25 25 5 33 33 5 74 74 19 68,792 3,786 16,518 3,568 5,392 5,167 4,117 11,593 2,555 1,449 2,884 2,866 8,897 9 16 9 11 25 6 4 8 10 23 2,5H CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace eptances purchased for forei gn correspondents | 174 8 2./ ^ FEDERAL RESERVE AGENTS' ACCOUNTS F\ R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 41,723 2,452 9,595 2,331 3,542 3,766 2,400 7,550 1,522 731 1,561 1,351 4,922 6,450 2 36,986 500 1,000 600 740 450 1,100 310 127 225 180 735 2,015 8,900 483 2 2,000 3,050 3,095 2,050 6,700 1,310 635 1,1*00 1,230 4,600 43,^38 2,516 9,900 2,485 3,650 3,835 2,500 7,800 1,620 762 1,625 i,4io 5,335 1/ After deducting $107 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit, i/ After deducting $129 million participations of other Federal Reserve Banks. * Less than $500,000,
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