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•iJSSSfe, FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 15, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended June ik, increased a net of $27 million to $23,210 million. Estimated currency and coin of member banks increased $kk million and their reserve balances at the Federal Reserve Banks decreased $17 million. Estimated required reserves increased $2 million; and estimated excess reserves increased $25 million to $368 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $325 million, compared with the revised figure of $266 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $273 million in U. S. Government securities bought outright, §8k million in U. S. Government securities held under repurchase agreements, and an increase of $l62 million in currency in circulation. The principal offsetting changes were an increase of $59 million in Federal Reserve float, and decreases of $263 million in Treasury deposits with Federal Reserve Banks, and $226 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $360 million. As of Wednesday, June lk, 1967, holdings of U. S. Government securities bought outright were $566 million lower than a week earlier, and member bank borrowings were $2 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) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Average of daily fJLffires Week ended i Change from week ended'Wednesday, ' June 15, June 14, June 1*1, | June 7, 1967 ! 1966 1967 ! 1967 (In millions of dollars) 45,596 -273 - 84 • 7*- 2 ~- + 3 - 30 k3 - 3* 9 j - 1,380 47,118 13,108 6,598 66/824 + 59 -350 - 1 + 8 -35if 44,600 1,380 +162 +2,244 471 131 450 609 -263 19,183 4,027 23,210 22,842 368 63 25 1,378 467892 13,109 6,596 66,597 44,669 1,392 362 438 | __ 5 - 9 -226 -337 + 62 + 42 +2,266 i I 142 442 1 5C8 + + + + + 665 + 215 + ~ 880 + 977 97 -- 17 44 27 2 25 + - 73 99 - 7^5 + 13 - 429 +27668 - 425 + 687 +2,931 25 w&s 45,353 +3,995 58 247 j 47,400 19,197 4,56l j 23,758 « 23,057 701 On June lk, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,917 million, an increase of $257 million for the week and an increase of $2^3 million from the comparable date a year ago. H.k.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Change since June Ik, 1967 A S S E T S Gold certificate account Redemption fund for F. R, notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities (U72) June 7, 1967 June 15, 1966 10,768 1,83^ 12,602 21 14 7 320 88 2 2 559 81 478 78 690 32 10 99 73 12,960 566 21,638 6,1+03 ^5,353 -566 45,353 45,514 Cash items in process of collection (2,013) 7,814 108 Bank premises Other assets l/ 853 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,485) 67,211 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits +3,918 +3,119 667 (472) 39,278 03 +1,961 19,197 247 142 442 20,028 146 180 12 15 • 329 +1,044 - 791 + 3 + 38 294 6,436 -1,058 + 350 9 783 +2,6l8 (2,013) +1,169 + 229 (2,485) 65,971 C A P I T A L A C C O U N T S Capital paid in ~" Surplus Other capital accounts 600 97 + 5 + 42 +2,669 (*) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 566 - +3,157 +4,340 -3,598 + 19 +3,918 585 570 85 + 103 13 + 118 23 19 9 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 2.6$ 31.7$ Contingent liability on acceptances purchased 148 360 for foreign correspondents 5 * 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 AMD SECURITIES, JUNE Ik, 1967 (Acceptances and securities held under repurchase agreements are classified as maturing vithin 15 days in accordance with maximum maturity of the agreements.) Discounts and advance >S Within 15 days 69 16 days to 90 days 19 91 days to 1 year -« Over 1 year to 5 years Over 5 years to 10 years irs Over 10 years -Total 88 Ac<ceptances 8 65 .. „ --- 73 U. S. Government s e c u r i t i e s and F e d e r a l Agency o b l i g a t i o n s Weekly changes Holdings i - 21 1,819 -436 11,512 17,304 -109 13,236 __ .994 1+88 --566 45,353 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 14, 1967 H. 4. 1(b) —, p 11 r RichPhila- CleveAtlanta Chicagoj st. 1 Minne-j Kansas Dallas delphia land mond . _ l Louis ; apolisI City (In millions of dollars) 1 Total 1 Boston New York San Francisco A S S E T S Gold certificate account Redemption fund for F # R. notes Total gold certificate reserves 638 1 10,768 103 1 l,83*i-: I 12,602; 7^1 F. R. notes of other Banks Other cash ! 3, 4oi 443 3,844 617 96 713 20 6 736 150 886 ^5 49 31 15 ^3 Uo 34 54 326 65 391 17 32 13 2 12 1 — — -— -— 937 315 689 231 2,200 739 3,673 465 156 776 1,087 230 l,b2Y ii-721 320 33 12 154 36 88 3 7 1 2 73 __ -- 73 --- -- 6lk ! 12,960i 1 226 ^352 21,638 l, 126 6 , ii.03 331*"T57353 2,360 — -- 3,l4l 1,055 5,2*1-5 1,551 10,992 — 665 223 1,022 1,109 328 2,325 1,707 Total U. S. Government securities fr-5,353 2, 360 Total loans and securities Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreements Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 1/ Includes assets denominated " — 94l 158 l,C99 612 100 712 1,621 335 1,956 -- 152 32 410 71 329 62 985 219 39T" 1,204 I84~ mr 9 8 19 17 18 17 U9 34 T 17 5 24 — -— -—- — -- 491 165 818 242 9"oT~ l,Yl6 532 179 888 263 — [ 343 505 ^63 -- 3,577 -- 3,200 -- 1,151 3I1I 2, 412 -- 10,992 2,325 3,577 3,280 2,1J12 ^5,51^ 2,363 11,072 2,326 3,579 3,293 618 1,679 10 619 717 9,827! 108! 3 30 m 69,696I 3,800 J in foreign currencies 389 17,184 2 3_4_ 3,720 5 54_ 5,335 and IMF gold deposited. 1,565 757 6 38_ 5,239 ~T7W9~ — 275 92 458 136 1,869 628 3,122 923 1,062 "675^2" — -- -- -- -- 7,699 1,627 961 1,716 1,862 6,542 2 , lj-llj- 7,711 1,628 962 1,733 1,867 6,566 968 1,602 19 95 ^88 315 6C9 552 903 20 35 9 22 3 14 13 26 9 31 9 85 4,232 11,471 2,587 1,495 2,898 2,885 8,850 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 14, 1967 H.4.1(c) Total !Boston 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 39,750 2,375 1 r ! St. : Minne- Kansas i Rich'Atlanta 'Chicago; mond 1 Louis ; apolis! City ! Dallas (In millions of dollars) ! New York • " 1 Phila- Clevej delphia land J 1 1 - , i 1 — San Francisco 9,204 2,309 3,205 3,651 2,244 7,067 1,459 713 1,518 1,287 4,718 5,555 772 1,336 847 1,037 1 2,788 676 470 * 1 827 1 1,050 1 3,092 * 8 4 3 6 7 l 1,047 19 2 2,809 2 # 2 836 480 3,170 1,375 474 273 l 1,059 852 682 395 460 769 12 4,155 3& 8 5 9 9 33 11,289 2,544 1,465 2,843 2,815 8,690 85 83 20 20 3 26 25 4 34 33 3 76 74 14 14 14 2 10 4,232 11,471 2,587 1,495 2,898 2,885 8,850 13 9 16 21 47 19,197 247 747 * 239 * 142 6 7 12 442 l * 20,028 1 l 754 1/ 46 2/366 6,206 1,348 8,449 6co 1,395 780 555 12 57 ; 68,456 ! 3,74l 16,862 10 3,654 19 5,225 5,173 28 152 27 4 148 31 30 52 51 30 30 22 5 7 0 jj59,6_96_|_3A8OO_ 17,184 3,720 5,335 5,239 19 32 19 229 l • * 653 7 8 863 642 17 3 17 58 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace;eptances purchased for foreign correspondents ! 1 j 585 | 570 85 36o 1 x 7 2/ 93 37 35 5 22 52 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,^86 9,638 2,356 3^17 3,7^6 2,335 7,311 1,529 737 1,569 1,368 4,952 1,000 493 600 7^0 ^50 1,1*00 305 127 225 180 735 8,900 2,000 3,000 3,060 2,050 6,150 1,310 025 1,400 1,230 4,600 9.900 2,493 3,600 3.800 2,500 7,550 1,615 752 1,625 1,410 5,335 1/ After deducting $ '^6 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 3/ After deducting $267 million participations of other Federal Reserve Banks. Less than $500,000.
@FedFRASER