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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 13, 1967 The average of daily figures of total member bank reserves held during the week ended July 12, increased $113 million to $2^,010 million. Estimated currency and coin of member banks increased $33 million and their reserve balances at the Federal Reserve Banks increased $80 million. Estimated required reserves decreased $71 million; and estimated excess reserves increased $184 million to $666 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $597 million, compared with the revised figure of $129 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $^73 million in Federal Reserve float, and $3^6 million in TJ. S. Government securities bought outright. The principal offsetting changes were a decrease of $284 million in member bank borrowings, and increases of $^05 million in currency in circulation, and $110 million in "other" F. R. accounts (net) Total Reserve Bank credit increased $55^- million. As of bought outright securities held bank borrowings Wednesday, July 12, 1967, holdings of U. S. Government securities were $215 million lower than a week earlier, U. S. Government under repurchase agreements were $102 million lower, and member were $11 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) Average of daily figures Week ended Change from week ended Wednesday, July 12, July 12, July 5, July 13, 1967 , 1966 1967 1967 (In 11lillions of dollars) 47,101 52 5 f + 2 + 21 69 5 -281* - 8 +473 +554 1,704 49,097 13,110 6,610 68,817 45,256 l, 479 1,073 134 484 470 19,921 4,089 24,010 23,344 666 +4,448 + 49 • 14 34 - 749. + 5 - 726 +3,012 - 8 +547 - 325 + 638 +3,326 +405 + 5 - 15 - 14 - 24 +110 +466 + 413 + 51 13 + 66 + 33 +2,788 + 80 + 33 +113 - 71 +184 + + + + - -- 46,760 — 5 2 94 66 48,896 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) +346 + 1 +2,237 538 220 758 816 58 91 66 73 3 1,617 ¥87610 13,109 6,599 587318' 45,300 l, 472 1,175 135 493 360 TO, 935 19,383 4,709 24,092 23,7^3 349 On July 12, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,467 million, a decrea se of $252 million for the week and an increase of $92 million from the comparable date a year aero. 11.4.1(a) CONSOLIDATED STATEMENT CF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) July 12, 1967 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 10,757 1,848 12,605 Change since July 5, July 13, 1966 1967 + 12 9 3 + - 455 67 388 9 13 + - 55 309 5 + * 299 76 (467) Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U, S„ Government securities: Bought outright-Bllls Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 91 66 + 15 14 24 17 14,132 4,353 21,737 6,538 46,760 215 ---- 215 '- 102 317 - 328 -- 46,760 46,993 (1,808) Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,275) (467) 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 +3,551 +4,338 -3,589 + 62 +4,362 -- +4,362 +4,054 7,678 + 778 109 -- 1,010 68,694 +_ 359 - 671 + 5 + 52 +3,107 39,968 + 108 4-1,997 19,383 1,175 -1,102 + 886 39 26 - 281 + 650 6 + 471 + 677 135 493 (1) (1,807) 21,186 6,061 (2,275) 67,461 246 £k111£h M£MNT S 586 570 77 Capital paid in Surplus Other c a p i t a l accounts - 79 + - 37 15 75 774 256 31 + + + + +3,058 + + + 1 -- 113 24 19 6 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 31.27o . 1% - 2,47o Contingent liability on acceptances purchased for foreign correspondents 364 8 + 102 * Figures in parentheses are the eliminations made in the consolidating process. JL/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 12, 1967 (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 72 4 Acceptances 93 64 76 157 Within 15 days 16 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 U. S, Government securities and Federal Agency obligations Holdings Weekly changes 1,336 -318 12,467 + 49 18,020 - 65 13,407 1,014 516 46,760 •334 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OK JULY 12, 1967 H. it. 1(b) New Total A S S E T S York Philadelphia Cleveland F. R. notes cf other Banks Other cash 10,757 1,61+8 12,605 602 104 2,259 672 98 881 150 1,011 452 706 2,711 770 1+67 24 l6l 20 15 31 2 6 — 91 --- 9 299 76 1 Richmond 91 66 66 * 1,779 157 585 99 1,031 1,168 68^ 2,113 39 35 4i 25 kl 3 — — 33k k63 Kansas City Dallas 357 70 408 64 1, 522 250 427 472 1,745 18 15 19 17 7 5 16 15 4 52 3C 18 39 5k 3 20 * — -- --- -- -— 5 223 — — — — -— --- 288 89 579 178 891 552 170 848 255 1,976 1,825 -- 6,539 -- : 1 760 234 ! lfc-,132 1,086 1,006 221 335 309 778 239 1,103 1,671 1,547 1,196 716 332 503 2,372 -- 3,595 -- 3,327 -- Total U. S. Government securities ^6,760 2,515 11,696 2,372 3,595 Total loans and securities 46,993 2,530 11,855 2,372 1,551 5^7 2 ! M53 2, 31k 732 kQ2 l48 74o 223 kk3 609 2,573 -- 3,652 1,098 7,856 -- 1,593 -- 953 -- '268 1,916 -- 3,327 2,573 7,856 1.593 953 1.916 1,825 6,539 3,598 3,328 2,576 7,876 1,593 958 1,921 1,829 6,557 753 6 890 20 1)6 1,553 ^85 9 k2 676 5 65 313 3 18 587 14 32 586 9 38 951 9 104 3,759 5,46i 5,353 k, 296 11,760 1,564 3,016 2,966 9,^-9 U65 360 '133 3,040 9l4 : 9,486 109 1,010 59k 3 39 ^ J 70,969 3,905 10 431 16,750 UQ 19 120 2J_ 2,690 i/ Includes assets denominated in foreign currencies and IMF gold deposited. San Fran ciscc 218 32 6_5_ 528 15 1 ! 21,737 '1,169 r 6,538 • 352 46,760 ;2,5i5 -_-_• TOTAL ASSETS Minneapolis 30 3,535 1,089 5,^37 1,635 11,696 -- Cash items in process of collection Bank premises Other assets l/ St. Atlanta Chicago Louis (In nn-ILion cf dollart 0 : Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 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 Held under repurchase agreements Boston * Less than $500,000. H.k.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 12, 1967 Total Boston New York I Phila-j Clevej delphia | land Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Atlanta Chicago! St. j Minne-j Kansas Dallas Louis j apolisj City- San Francisco (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 Richmond 40,435 2,434 9,347 2,352 3,236 3,708 2,288 7,174 1,478 717 1,533 1,316 4,852 19,383 1,175 135 494 21,187 797 53 6 770 80 6 1 857 1,335 139 11 2 1,487 864 69 6 9 948 1,087 65 8 1 1,161 2,906 137 17 2 3,062 694 73 4 1 772 499 42 3 1 545 843 92 5 3 943 1,054 75 7 856 5,181 180 1/ 46 2/401 5,808 1,136 3,353 170 16 73 3,612 7,868 543 1,212 474 610 614 756 1,301 390 268 475 434 791 246 69,736 13 3,846 63 16,430 11 3,694 19 5,352 17 5,287 14 4,219 42 11,579 8 2,648 5 1,535 11 2,962 10 2,896 33 9,288 28 152 148 20 31 30 4 52 51 6 31 30 5 37 35 5 85 83 13 20 20 2 14 14 1 26 25 3 34 33 3 76 74 11 70,969 : 3,905 16,750 3,759 5,461 5,353 4,296 11,760 2,690 1,564 3,016 2,966 9,449 19 33 19 23 53 13 16 21 47 vV Vr CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents ___ 586 570 ; 77 i 364 27 ,^ 17 3/ 9'- FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 42,070 I 2,484 9,806 2,388 3,457 3,819 2,388 7,386 1,544 739 1,593 1,409 5,057 450 1,000 503 600 740 450 1,400 310 127 225 180 735 36,6311 2,056 9,000 2,000 3,000 3,160 2,050 6,150 1,310 625 1,400 1,280 4,600 2,506 10,000 2,503 3,600 3,900 2,500 7,550 1,620 752 1,625 1,460 5,335 6,720 43,351 1/ After deducting $ 89 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. y After deducting $270 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER