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of GOv £* FEDERAL RESERVE statistical release For immediate release July 17, 1969 The average of daily figures of total reserves of member banks increased $150 million in the latest week to $27,302 million. Required reserves, excess reserves and member bank borrowings all increased, on average, during the week. Changes in factors affecting member bank reserves were marginal in the latest statement week. Relatively moderate reserve absorptions through changes in float, currency in circulation and Treasury deposits with Federal Reserve Banks were offset by a nearly equal provision of reserves from the other reserve factors. System Open Market operations had little net reserve effect, on a weekly average basis. Member bank borrowings increased $259 million and exceeded excess reserves by $1,125 million compared to the revised figure of $941 million for the previous week* Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought 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 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 Averages of daily figures Week ended Change from week ended Wednesday, July 16, July 16, July 9, July 17, 1969 1969 1968 1969 (In millions of dollars) 54,565 27 122 92 +2,675 77 54,565 191 15 40 3 1,278 + — 2,625 2,698 61,246 10,367 6,737 78,350 51,462 642 1,118 128 467 2,048 55,866 2 11 18 15 41 20 259 + 808 14 + 712 + 309 +4,390 2,085 ... - + + - + + - + - 65 158 21 125 _-. _.. 3 122 79 4 66 48 28 64 1 + 10 +4,400 +3,205 - 189 + 12 27 3 + 321 +3,320 + Member bank reserves: + 120 22,484 With Federal Reserve Banks + 4,818 30 Currency and coin + 150 27,302 Total reserves held + Required reserves 27,149 75 + 153 Excess reserves 75 NOTE: A net of $89 million of surplus reserves were eligible to from the week ended July 9, into the week ending July 16. -- l +1,080 23,581 + 211 4,818 +1,291 28,399 +1,412 1 27,149 - 121 1,250 be carried forward On July 16, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,287 million, a decrease of $254 million for the week. 2,609 2,609 62,185 10,367 6,734 79,286 51,444 656 1,088 116 462 1,939 55,705 CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In milliods of dollars) Change since Wednesday July 16, July 9, July 17, 1969 1968 1969 A S S E T S Gold certificate account 2 10,027 + H.4,1(a) Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations Held under repurchase agreements U. S. Government securities: Bought outrightBills 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 17 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS LIABILITIES* 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 (590) 167 2,085 41 20 5 +1 ,426 - 225 +1,164 . 17 57 • 20 65 L 65 19,869 + 850 +1,750 + 850 + 191 +2,807 -1.961 +2,596 - 158 +2,438 +3,593 +1,424 30,553 4,143 54,565 191 54,756 56,967 (2,842) 10,716 114 2,495 (3,432) 80,486 +1,041 +2,552 + 905 f 65 -- -- - 107 +3,345 + 397 +5,191 (590) 45,193 130 +2,816 23,581 1,088 116 462 25,247 8,107 481 79,028 + 2,817 16 23 25 +2,753 + 889 + 16 +3,523 +1,068 + 119 19 18 +1,150 +1,004 + 118 +5,088 (2) (2) (2,840) (3,432) C A P I T A L A£C0UNTS_ Capital paid in 662 + 1 + 45 Surplus 630 + 32 Other capital accounts 166 184 + 26 Contingent liability on acceptances purchased for foreign correspondents 155 4 4- 50 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. _^ MATURITY.DISTRIBUTION, OF LOANS__AND SECURITIKST JULY 16, "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 Holdingi£ advances IJeekly changes Within 15 days 31 4 • ~-3-5-0 3,087 2,067 16 days to 90 days 18 30 9,246 + 260 -91 days to 1 year -20,631 14 -Over 1 year to 5 year s -7,715 „ _Over 5 years to 10 years ars 13,471 -_ Over 10 years --671 Total !,085 54,821 +1,106 61 H.4.1(b) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 16, 1969 Total 1 Boston Philadelphia New York Cleveland Richmond Atlanta Chicago St. Minne- Kansas Louis 1 apolis City Dallas i San Francisco (In millions of dollars) ASSETS Gold certificate account F. R« notes of other bcinks Other 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 | 10,027 648 2,227 451 849 867 475 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 31 115 94 474 147 50 95 163 319 41 20 --- 41 20 --- --- — -- --- --- --- _> -- — -- -— --- 1,060 -1,630 221 2,911 1,491 -2,292 311 4,094 -4,094 4,210 1,078 -1,658 225 2,961 -2,961 3,055 3,255 -5,005 679 8,939 -8,939 9,413 715 -1,100 149 1,964 1,964 2,111 405 -623 84 1,112 -1,112 1,162 764 1,174 159 2,097 -2,097 2,192 84] -1 ,293 175 2 ,309 -. 2 ,309 2 ,472 2,786 -. 4,284 581 7,651 -_ 7,651 7,970 65 65 19,869 -30,553 4?143 54,565 191 54,756 156,967 1 ,005 -1 ,547 210 2 ,762 -2 ,762 2 ,826 4,920 7,565 1^026 13,511 191 13,702 14,301 2,911 2,970 1,549 -2,382 323 4,254 __ 4,254 4,285 Cash items in process of collection 113,558 Bank premises 1 114 Other assets 1/ 2,495 835 2 112 2,247 9 800 714 2 121 1,005 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 9 306 83,918 *• ,465 19,777 4,317 6,392 6,365 4,931 13,746 3,oog 1 ,859 3,543 3 684 11,740 TOTAL ASSETS - • 1/ Includes* assets denominated in foreign currencies and IMF gold deposited. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 16, 1969 11.4.1(c) Total New York Boston Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minne- Kans as apolis City Dallas (In millions of dollars) LI_ABJ.LI_TI.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 45,783 2,664 10,531 2,656 3,708 4,162 2,435 8,105 1,700 794 1,717 1,626 5,685 23,581 1,088 116 464 25,249 10,947 883 6,497 69 114 5 1/ 34 . 2 2/407 959 7,052 750 1,686 893 74 6 1,556 80 10 __2 1,648 873 1,037 112 6 11 1,166 925 1,320 79 7 691 77 4 1,408 973 3,363 115 16 _5 3,499 1,852 773 559 544 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 1,010 481 82,460 124 23 4,396 19,393 35 6,264 35 6,238 24 4,840 74 13,530 16 3,043 11 1,827 18 3,482 20 3,604 11,546 15 14 _3 28 27 37 36 _2_ 86 85 -23_ 3,543 3,684 11,740 662 630 166 83,918 Contingent liability on acceptances purchased for foreign cor re spondents __,,_ San Franjcisco 155 __!_ 974 588 24 4,242 _2 ] 176 160 48 34 33 59 56 13 33 33 11 42 40 __9_ 97 93 26 23 22 _5_ 4,466 19,777 4,317 6,392 6,365 4,931 13,746 3,. 098 14 8 10 23 32 31 7 7 3/ 39 1,859 -..77 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 1,769 11,109 200 2,745"~179~31 47277 27581 T, 792 817 500 300 560 535 -- 1,000 155 27 2.601 10.800 2,801 11,300 2.600 2,900 3.500 4,060 3.810 4,345 2,650 2,650 7.650 8,650 1,700 1,855 815 842 1/ After deducting $82 2/ 3/ I n c l u d e s IMF gold d e p o s i t . A f t e r d e d u c t i n g $136 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l R s e r v e Banks. "87373" m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks 1,795 1,758 5,974 5 1.825 1,825 1.780 1,785 Ju25Q_ 6,250
@FedFRASER