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>J£5&. FEDERAL '•?$£§&?•• RESERVE statistical release For immediate release July 31, 1969 H.4.1 The average of daily figures of total reserves of member banks declined $615 million (net) in the latest week to $26,537 million. Required reserves declined reflecting the mid July runoff in member bank deposits. Excess reserves also declined from the high level of the previous week. A seasonal decline in currency in circulation which provided reserves, was more than offset by a sharp decline in float of somewhat greater than seasonal proportions. System Open Market operations absorbed nearly $300 million reserves, on a weekly average basis. About three-fourths of these reserves were absorbed through matched sale-purchase transactions near the end of the week, and over $1.2 billion of such transaction were outstanding on the last day of the statement week. Member bank borrowings were about unchanged from the average level of recent weeks and exceeded excess reserves by $1,194 million compared to the revised figure of $1,001 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— Bought 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 Average of daily figures Change from week ended Wednesday, Week ended July 23, July 31, July 30, July 30, 1969 1969 1969 1 ;L968 (In nnillions of dollars) 1/ 53,897 -- _ - -- 41 + — - 264 23 +1,813 52,983 34 -- 5 -- -- 17 48 41 985 1 3 - _ - 1,273 82 + 671 -- -- 2,155 2,690 60,056 10,367 6,737 77,160 51,006 962 + 56 -1,282 13 + 528 + 582 +3 ,482 676 1,177 123 453 2,019 55,455 - -- + 2 -1,280 - 202 + 15 7 14 4 + 56 - 156 - — + 18 +3,499 +3,155 - 150 + 144 32 + 10 + 229 +3,357 -- -- 2,096 2.710 58,815 10,367 6,736 75,918 51,118 683 1,227 121 465 2,028 55,642 Member bank reserves: + 142 20,276 -1,126 21,704 With Federal Reserve Banks 4,833 4,833 + 511 + 209 Currency and coin - 615 25,109 26,537 + 351 Total reserves held - 340 26,458 26,458 + 630 Required reserves -1,349 279 275 79 Excess NOTE: A net of $181 million of surplus reserves were eligible to be carried forward from the week ended Jjuly 23, into the week ending July 30. 1/ Reflects $1,155 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On July 30, 1969>-U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,450 million, a decrease of $131 million for the week. 11.4.1(a) CONSOLIDATED STATEMENT OF CONDITIO!! OF ALL FEDERAL RESERVE SANKS (In millions of dollars) Tlednesdayl Change since July 30, July 23, July 31, 1968 1959 19:9 ASSETS 10,027 Gold c e r t i f i c a t e account (713) Cash Discounts and advances AcceptancesBought outright Held under repurchase agreements Federal Agency obligations-Ileld under repurchase agreements U. S. Government securities: 3ought outright-Bills Certificates Notes Bonds 1/ Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities (2,401) Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS/LIABILITIES 6: CAPITAL ACCOUNTS (3,114) (713) (2) (2) 15 43 41 13,287 686 23 30,553 4,143 52,983 -— +2,807 -1,951 + 823 - 237 + 585 + 777 + 958 - 085 — -- 52,983 54,009 8,653 585 718 + 150 114 -- + 1 39 532 + 555 2,595 75,555 L I A B I L I T I E S Federal Reserve notes Deposits* Member bank reserves U. S, Treasurer--general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 213 249 3 32 155 985 + - +rjm 44,881 74 +2,783 20,275 1,227 -1,025 + 135 17 14 - 393 + 384 10 - 593 -1,425 + 114 81 121 465 (2,399) 22,089 6,557 (3,114) 73,979 452 14 -1,407 + 520 + 77 "+ITS73 C..A P I 1 A L A C C O U N T S + 44 662 Capital paid in -+ 32 630 Surplus 61 + 51 234 + Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 152 2 4- 24 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Reflects$l,l55million of securities sold, and scheduled to be bought back, under matched sale-purchased transactions. 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF Hold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 30, 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 Federal Agency obligations Discounts and Holdings Weekly changes advances Acceptances Within 15 days 1,719 -661 965 0 15 days to 90 days 3,859 48 20 33 91 days to 1 year 20,543 + 23 Over 1 year to 5 years 7,715 Over 5 years to 10 years 13,471 Over 10 years 671 Total -686 52,983 935 41 «• mt .4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 30, 19G9 New Total Boston York Philadelphia Cleve- Richland mond St. Atlanta Chicago Louis Minneap<Dlis Kansas City Da lias S^n Francisco (In millions of dollars) A S S E T S Gold certificate account 10,027 596 2,087 559 867 921 541 1,848 365 198 424 373 1,248 F. R. notes of * ther banks Other cash 713 156 52 8 194 13 60 6 41 19 55 12 76 23 32 13 32 17 25 3 24 12 23 10 99 20 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outrightBills Certificates 985 64 229 2 29 118 64 221 50 21 55 49 83 VI — --- 41 -- --- --- --- --- --- --- --- --- --- --- 925 -- 4,528 976 -- 1,42b 1,372 2,996 -- -- 658 -- 373 -- ; 703 -- 774 -- 2,564 -- 992 -- ] I ,54? 30,553 Notes 210 i 4,143 Bonds 2 ,682 52,983 Total bought outright Held under repurchase agreements -" Total U. S. Government securities 52.983 ~ tS82 Total loans ind securities 2 ,746 54,009 7,565 1,026 13,119 1,630 2,382 2,292 1,658 5,005 1,100 311 225 679 149 159 1 ,293 175 4,284 323 623 84 1,174 221 2,827 4,131 3,975 2,875 8,68) 1,907 2,036 ,242 7,429 -- -- -- -- -- -- ___,080 --- -- -- 1.907 1,957 "TI >080 ,101 — 18,287 -- Cash items in process of collection 11,054 Bank premises 114 Other assets 1/ 2,595 TOTAL ASSETS .1/ 78,669 -- T 581 13,119 13.389 2,327 2,829 4.131 4,160 3,975 4,093 2,875 2,939 8.680 8,901 681 2 116 1,952 597 2 823 5 205 903 11 138 1,018 1,805 18 17 358 520 8 84 406 5 53 730 19 98 524 9 127 995 9 320 4 ,201 18,471 6,120 6,133 4,760 12,974 2,983 I ,791 3,398 3 ,457 10,203 9 827 125 1 4,178 Includes assets denominated in foreign currencies and IMF gold deposited. — -- 145 1 2,036 t242_ 2,091 " 2 ,291 7.429 7,512 ' H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 30, 1969 Total Boston PhilaNew . York delphia Cleveland ([In L I A B I L I T I E S 45,594 Federal Reserve notes Deposits: 20,276 Member bank reserves U. S. Treasurer—general account i 1,227 121 Foreign 1 467 Other 22,091 Total deposits 8,956 Deferred availability cash items Other liabilities and accnled 452 dividends 77,093 TOTAL LIABILITIES Richmond Atlanta Chicago St. MinneLouis' apolis Kansas City Dallas San Francisco millions of dollars) 2,639 10,520 2,644 3,699 4,150 2,411 8,080 1,691 789 1,712 1,625 5,634 757 82 5 619 5,376 214 1/ 39 2/420 15,049 1,376 846 83 6 1 93d 495 1,448 85 10 2 1,545 703 972 121 6 11 T..TIO 755 1,275 87 7 2 1,371 856 2,997 88 16 4 3,105 1,481 711 81 4 1 797 425 534 69 2 2 607 351 900 123 5 3 1,031 573 1,123 84 6 2 1,215 512 3,337 110 15 19 3,<481 810 23 4,125 112 18,057 22 4,097 35 5,982 33 6,048 24 4,662 72 12,738 16 2,929 10 1,757 17 3,333 20 3,372 68 9,993 31 31 14 844 CAPITA!, ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 176 160 78 34 33 14 59 56 23 33 33 19 42 40 16 98 93 45 23 22 9 15 14 5 28 27 10 37 36 12 86 85 39 178,669 [ 4,201 18,471 4,178 6,120 6,133 4,760 12,974 2,983 1,791 3,398 3,457 10,203 Contingent liability on ace:eptances purchased for fore:Lgn correspondents | 3/ 39 8 14 8 10 22 5 3 6 9 21 1,795 1,758 5,926 662 630 284 152 7 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,746 11,065 2,735 3,938 4,260 200 500 300 560 535 2,601 2,801 10,800 11,300 2,600 2,900 3,500 4,060 3,810 4,345 1/ After deducting $82 million p ^rticipations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 3/ After deducting $113 million p irticipations of other Federal Reserve Banks. ~ 2,558 — 2,650 2,650 8,358 1,778 821 1,000 155 27 7,650 8,650 1,700 1,855 815 842 — 1,825 1,825 5 1,780 1,785 6,250 6,250
@FedFRASER