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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 19, 1969 The average of daily figures of total reserves of member banks declined $423 million in the latest statement week to $26,984 million. Required reserves and excess reserves declined while member bank borrowings increased slightly. In the latest week reserves were supplied through a seasonal increase in float and a decline in Other Federal Reserve liabilities and capital. More than offsetting these reserve supplies were increases in currency in circulation and Treasury deposits with Federal Reserve Banks. System Open Market operations absorbed a moderate amount of reserves on weekly average as the Account Manager undertook sizable matched sale-purchase transaction near the end of the week. Excess reserves declined sharply in this the tax payment week, and averaged less than $50 million. In part this decline reflects use of some of the more than $200 million surplus reserves eligible to be carried forward from the week ending June 11. Member bank borrowings exceeded excess reserves by $1,271 million compared to the revised figure of $872 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 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves Average!S Of 1daily figures Week ended Chang e from week ended Wednesday, June 18, June 19, June 11, June 18, 1969 1969 1968 1969 (In millions of dollars) 1/ 54,038 + -- - — 118 151 + 3,188 108 29 15 — 7 23 44 652 13 639 198 773 45 + -- - 1 12 - 1,316 + 56 + -- - 75 57 115 + + -- 2,451 2,617 60,467 10,367 + + + 6,745 + 77,579 50,777 + + 671 - 1,097 + 102 453 1,914 55,013 22,566 4,418 26,984 26,939 45 + 4,511 — — 1 116 111 8 363 — + - + - 5 209 262 146 277 423 80 343 52,963 -- — -- 2,433 2.670 58,883 10,367 - 22 6,747 + + 4,474 3,203 75,997 50,809 - 311 25 44 2 210 + - + + + 3,084 + 1,390 3 + 1,387 + 1,608 - 221 671 1,352 106 441 1,927 55,306 20,690 4,418 25,108 26,939 -1,831 NOTE: A net of $207 million of surplus reserves were eligible to be carried forward from the week ended June 11, into the week ending June 18. 1/ Reflects $1,350 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On June 18, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,184 million, a decrease of $654 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday June 13, June 11, June 19, 1968 1969 1969 A S S E T S Gold certificate account 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 Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS LIABILITIES 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 «. •» 3 191 773 -:2 •!- 271 - 238 -1,179 44 -- 2 -- 9 50 10,022 (575) 64 18,334 835 * 486 30,501 4,128 } '52,963 --- -- -- (2,355) 52,963 53,780 10,453 - 835 - 566 -1-1,438 114 -- (3,430) 2,556 77,116 -:- 78 -:- 952 +2,875 -1,895 +1,466 - 138 +1,328 + 26 +1,569 + 1 + 922 +2,277 (575) 44,580 43 +2,679 20,690 1,352 • 435 - 453 - 15 -1,617 + 175 54 - 106 835 6 18 - 39 -1,156 -1,514 + 916 + 94 +2,175 (2,855) 441 22,539 8,020 466 9 (3,430) 75,655 -1,143 : CAPITAL ACCOUNTS + 43 659 C a p i t a l paid i n -+ 32 630 Surplus 172 + 27 191 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 176 2 -I- 61 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Reflects $1,350million of securities sold, and scheduled to be bought back under matched sale-purchase transactions, j?/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit, MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 18, 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 Holdings Acceptances Weekly changes advanceas 762 11 1,665 -355 Within 15 days 11 33 8,703 16 days to 90 days -471 „ «- 9 91 days to 1 year 20,791 — — «7,691 Over 1 year to 5 years _13,447 _« Over 5 years to 10 yearss — -661 — Over 10 years Total 773 44 52,963 -835 •m mm H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 18, 1969 ' Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. MinneLouis apolis Kansas City Da lias San Francisco (In millions of dollars) A S S E T S Gold certificate account 10,022 737 2,591 525 647 974 511 1,704 367 187 420 193 1,166 F. R. notes of other banks Other cash 575 191 32 10 202 19 35 6 32 22 41 15 64 27 33 18 19 19 10 5 21 14 20 12 66 24 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 773 81 214 2 11 12 81 62 30 16 52 96 116 44 — -- 44 -- --- --- --- --- --- -- --- --- --- --- 18,334 909 4,469 987 1,451 1,357 964 3,100 633 362 683 790 2,629 30,501 i 4,128 52,963 1,512 204 2,625 7,435 1,007 12,911 1,641 222 2,850 2,414 326 4,191 2,257 305 3,919 1 ,603 217 2 ,784 5,157 698 8,955 1,054 143 1,830 604 82 1,048 1,138 154 1,975 1 ,314 178 2 ,282 4,372 592 7,593 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS — -- -- -- -- -- __ -- -- -- -- -- -- -- -_ 52.963 53,780 2,625 2,706 12,911 13,169 2,850 2,852 4,191 4,202 3,919 3,931 2 ,784 2 ,865 8,955 9,017 1,830 1,860 1,048 1 ,064 1,975 2,027 2 ,282 2 ,378 7,593 7,709 13,308 114 2,556 742 3 112 2,388 9 815 766 2 123 1,033 5 203 1,098 11 129 1 ,176 18 144 2,246 17 346 665 8 81 488 4 58 844 19 97 677 9 137 1,185 9 311 80,546 4,342 19,193 4,309 6,144 6,199 4 ,805 13,381 3,019 1 ,816 3,442 3 ,426 10,470 1/ Includes assets denominated in foreign currencies and IMF gold deposited H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK - Total Boston New York Phila- Clevedelphia land Richmond • ON JUNE 18, 1969 — Atlanta Chicago St. Louis Minneapolis Kans as City Dallas San Francisco 5,614 (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 accrvled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for fore]-gn correspondents 2,388 3,007 1,631 789 1,699 1,459 1,060 1,314 * * * 9 5 6 - - 9 2 1,074 1,322 1,468 914 858 979 3,322 i 15 4 3,342 1,738 750 1 3 4 758 515 561 1 2 1 565 420 967 1 4 3 975 690 1,179 3,576 1 2 6 14 1 17 1,187 3,609 552 976 36 6,014 34 6,122 24 4,713 76 13,163 15 2,969 10 1,784 17 3,381 19 77 3,346 ]L0,276 33 33 8 59 56 15 33 33 11 42 40 10 96 93 29 23 22 5 15 14 3 28 27 6 19,193 4,309 6.144 6,199 4,305 13,331 3,019 1,316 3,442 3/ 45 9 16 9 11 26 6 4 3 45,155 2,611 10,399 2,627 20,690 1,352 106 441 22,539 10,875 779 5 2 786 852 4,763 1,344 1/ 32 396 6,535 1,764 960 1 5 2 968 617 466 22 113 23 4,235 O 175 160 47 80,546 i 4,342 • 79,085 | 4,271 18,811 | 659 630 172 i 176 32 31 8 3,652 4,100 1,588 37 36 7 86 85 23 3,426 :LP,470 10 24 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,712 10,906 2,688 3,386 4,198 2,543 3,236 1,765 816 200 500 300 560 515 -- 1,000 180 27 2,531 2,731 10,600 11,100 2,500 2,300 3,400 3,960 3,770 4,285 2,600 2,600 7,650 3,650 1,650 1,830 805 832 V After deducting $ 74 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 3/ After deducting $131 million participations of other Federal Reserve Banks. 1,769 1,721 5,909 5 1,825 1,825 1,780 1,785 6,250 6,250 Less than $500,000.
@FedFRASER