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••£&£& FEDERAL RESERVE statistical release * ? ^ ^ ' For immediate release July 10, 1969 H.4.1 The average of daily figures of total reserves of member banks declined $379 million (net) in the latest statement week to $27,093 million. Required reserves increased seasonally while excess reserves and member bank borrowings declined. A major factor draining reserves in the latest reserve week was the seasonal increase in currency in circulation usually associated with the Independence Day holiday. Partially offsetting this reserve drain was an increase in float of somewhat greater than seasonal proportions. System Open Market operations provided reserves, on balance, on a weekly average basis, although sizable matched sale-purchase transactions were made at the end of the week. Member bank borrowings declined from the high level of the previous week and exceeded excess reserves by $1,000 million, compared to the revised figure of $1,166 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 obligations-Held under repurchase agreements Acceptances— Boutht outright Held under repurchase agreements Discounts and advances-Member bank borrowings Other Float Other F. R. assets 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. liabilities and capital 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, July 10, July 9, July 2, July 9, 1968 1969 1969 1969 (In mi.llions of dollars) 1/ 54,443 119 + + 399 2 + 2 ,240 44 -- _l_ 20 — 16 6 41 607 13 698 417 659 24 29 42 14 — «. . 5 + 1,019 615 + — - 327 5 83 + + -- 2,724 2,677 61,062 10,367 6,740 78,169 51,383 + + + 646 - 1,052 176 495 2,112 55,865 22,305 4,788 27,093 27,074 19 + 4 ,002 — -- + + + + + + - + - + - 5 77 473 12 16 48 4 90 588 510 131 379 70 449 53,715 + + 16 + 4,019 + 3 ,116 - + - + + 191 149 5 5 244 + 3 ,319 + + 701 566 + 1 ,267 + 1 ,681 - 414 — -- 2,556 2,716 59,687 10,367 6,739 76,793 51,592 638 1,104 139 487 2,106 56,066 20,727 4,788 25,515 27,074 -1,559 NOTE: A net of $267 million of surplus reserves were eligible to be carried forward from the week ended July 2, into the week ending July 9. 1/ Reflects $850 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On July 9, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,541 million, a decrease of $169 million for the week. 11.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Uednesday July 9, July 2, July 10, 1969 1968 1969 A S S E T S Gold certificate account + 2 027 Cash (517) 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 bought outright 1/ Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection (2,380) Bank premises Other assets 2/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,897) 172 659 - + 7 98 + 230 296 41 2 19,019 447 30,553 4,143 53,715 + 52 Jh_ 15 - 380 +2,807 -1,961 +1,677 53,715 54,415 9,774 +1.677 +1,956 +1,875 2,602 77,104 _r_ 380 - 284 - 422 + 1 + 59 - 653 + 306 +3.909 45,323 + 274 +2,775 - 417 109 - 370 + 207 114 17 + 831 _~ 1 I A 1It 11I 2 S Federal Reserve notes Deposits: Member bank reserves D. S. Treasurer--general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (517) (2,380) (2,897) 20,727 1,104 139 487 22,457 7,218 465 75,463 + - 11 30 + 16 21 - 349 - 158 + 638 1 — 712 +1 ,061 + 98 +3 ,776 £ A Z I 1 £ L A £ £ 0 U N T S .. 661 + 44 Capital paid in -630 + 32 Surplus 350 h + 57 59 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 159 - 3 + 5 3 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Reflects $850 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 9. 1969 (Acceptances and securities held under repurchase agreements are classified as maturing v?ithin 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and Federal Agency obligations cepfances Holdings Weekly changes advancets Ac 2,227 + 12 Uithin 15 days 643 9 8,986 -312 16 days to 90 days 16 32 --20,645 -138 91 days to 1 year 7,715 + 24 --Over 1 year to 5 ye ars --13,471 + 24 Over 5 years to 10 years -671 + 10 Over 10 years ,,.,. •380 53,715 Total 659 41 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 16, 1969 Total Boston Philadelphia New York Cleveland Richmond Atlanta Chicago St. Louis Minne- Kansas apolis City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account F, IL notes of other banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations Held under repurchase agreements IK S. Government securities. Bougltt outnght— Biils ^Certificates Noties Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 10,027 648 2,227 451 849 867 476 1,575 158 123 294 276 2,083 590 167 34 9 178 15 53 6 30 20 49 13 57 23 31 15 23 18 16 4 25 13 20 10 74 21 2,085 64 473 59 31 94 474 147 50 95 163 319 41 20 41 20 65 65 US 19,869 1,005 4,920 1,060 1,549 1,491 1,078 3,255 715 405 764 841 2,786 30,553 4,143 54,565 191 54^756 56,967 1,547 210 2,762 1,630 221 2,911 2,382 323 4,254 2,292 311 4,094 1,658 225 2,961 5,005 679 8,939 1,100 149 1,964 623 84 1,112 1,174 159 2,097 1,293 175 2,309 4,284 581 7,651 2,762 2,826 7,565 1,026 13,511 191 13,702 14,301 2,911 2,970 4,254 4,285 4,094 4,210 2,961 3,055 8,939 9,413 1,964 2,111 1.112 1,162 2,097 2,192 2.309 2,472 __7.,.65_1........ Cash items in process of collection 13,558 Bank premises S H4 Other assets JL/ 2,495 835 2 112 2,247 9 800 714 2 121 1,006 5 197 1,083 11 132 1,163 18 139 2,354 17 341 700 8 80 499 5 50 905 19 95 775 9 122 1,277 9 106_ 83,918 4,465 19,777 4,317 6,392 6,365 4,931 13,746 3,098 1,859 3,543 3,684 11,740 TOTAL ASSETS 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 7,970 11.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 1 6 , Total New York Boston Phila- Clevedelphia land Richmond 1969 Atlanta Chicago St. Louis (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 acceptances purchased for foreign correspondents 45,783 2,664 10,531 2,656 3,708 4,162 2,435 8,105 23,581 1,088 116 464 25,249 10,947 883 6,497 69 114 5 V 34 2 2/407 959 7,052 750 1,686 893 74 6 1 974 588 1,556 80 10 2 1,648 873 1,037 112 6 U. 1,166 925 1,320 79 7 2 1,408 973 3,363 115 16 5_ 3,499 1,852 481 82,460 124 23 4,396 19,393 24 4,242 35 6,264 35 6,288 24 4,840 176 160 48 34 33 8 59 56 13 33 33 11 4,466 19,777 4,317 6,392 14 662 630 166 83,918 155 32 31 _L 7 3/ 39 San Minne- Kansas Dallas Franapolis City cisco 1,700 794 1,717 1,626 5,685 691 77 4 1 773 559 544 56 2 _ 2 604 418 924 96 5 12 1,037 710 1,268 78 6 3 1,355 603 4,605 138 15 16 4,774 1,010 _ 74 13,530 16 3,048 .11 1,827 18_ 3,482 20 3,604 UL 11,546 42 40 9 97 93 26 23 22 28 27 __6_ 37 36 86 85 6,365 4 931 13,746 15 14 _5_ _3_ 3,098 1,859 3,684 11,740 8 10 23 3,543 21 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,745 3,931 4,277 500 300 560 535 2.601 10.800 2,801 11,300 2.600 2,900 3.500 4,060 3.810 4,345 2,769 11,109 200 y—After deducting $82 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 1/ After deducting $116 million participations of other Federal R serve Banks. 2,581 8,373 1,000 2.650 2,650 7.650 8,650 1,792 817 155 27 1.700 1,855 815 842 1,795 1,758 5,974 5 1.825 1,825 1.780 1,785 6.250 6,250
@FedFRASER