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jouMhhiS. r .•0ot£ow>V. FEDERAL RESERVE Factors Affecting Bank Rtstrvas and Condition Statomont of F.R. Banks For immediate release June 26, 1969 H.4.1 The average of daily figures of total reserves of member banks declined $86 million (net) in the latest statement week to $26,928 million. Required reserves declined while excess reserves and member bank borrowings increased moderately. The major factors providing reserves in the latest week were a greater than seasonal rise in float, due in part to transportation delays early in the week, and a seasonal decline in currency in circulation. Offsetting some of these reserve supplies was an increase in Treasury deposits with Federal Reserve Banks. In addition, System Open Market operations absorbed about $175 million of reserves, on a weekly average basis, through both matched sale-purchase transactions and outright sales of securities. Member bank borrowings exceeded excess reserves by $1,174 million compared to the revised figure of $1,241 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 \*ith 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 Averages of daily figures Week ended Change from week ended Wednesday, June 26, June 25, June 25, June 18, 1969 1968 1969 1969 (In millions of dol]Lars) 1/ 174 53,864 -- -- 43 2 -- -- 664 1,289 109 468 1,958 55,174 22,478 4,450 26,928 26,777 151 53,206 -- 66 -- 10 65 43 518 13 891 916 1,348 -2,274 2,706 59,577 10,367 6,750 76,694 50,787 — — 1,325 -2,628 2.675 60,535 10,367 6,751 77,652 50,686 + 2,067 146 T 9 — + + + 147 58 38 + - + + + 4,091 — -- + + - + + + + + - + - + 6 42 91 7 192 7 15 44 161 118 32 86 162 76 15 + 4,075 + 3,202 283 + 226 52 13 + 186 + 3,266 + 809 98 + 711 + 1,138 427 - — 675 1,547 106 458 1,967 55,540 21,154 4,450 25,604 26,777 -1,173 NOTE: A net of $127 million of surplus reserves were eligible to be carried forward from the week ended June 18, into the week ending June 25. J7 Reflects $800 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On June 25, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,252 million, an increase of $68 million for the week. H.4.1(a) CONSOLIDATED STATEMENT Cf ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday June 25, June 18, June 26, 1969 1968 1969 ASSETS 10,022 Gold certificate account (608) 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 1/ Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities (2,443) Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3,051) LI_ABI_LI_TIE£ Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES (608) 183 1,348 + 246 936 15 71 56 18,577 30, 501 4, 128 53,206 + 243 53,206 -+ 243 --I- 243 54,597 9,450 + 817 -1,024 + 454 +2,800 -1,927 +1,327 _- 97 +1,230 37 +2,024 +1,439 -+ 922 76,958 179 +4,136 44,550 30 +2,647 21,154 1,547 + 443 + 195 + 105 + 530 92 38 1 113 2,593 23,265 7,176 449 (3,051) 8 575 1 43 106 458 (2,443) + 75,440 + -- + 17 + TT5 - 844 17 - 236 T* ~30"5 + 806 + 69 +4,027 C A P I T A L A C C O U N T S Capital paid in 658 1 4- 41 Surplus 630 — + 32 Other capital accounts 230 + 5 8 + 3 6 Contingent liability on acceptances purchased for foreign correspondents 170 - 6 + 5 6 * Figures in parentheses are the eliminations made in the consoldating process. J7 Reflects $800 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. £/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 25, 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 Weekly changes Holdings advances Acceptances Within 15 days 1,308 11 1,794 +129 16 days to 90 days 40 32 3,823 +115 91 days to 1 year 20,790 - 1 Over 1 year to 5 years -7,691 Over 5 years to 10 years -13,447 Over 10 years -661 _._._r_-_ Total 1,348 43 53,206 +243 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 25, 1969 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minne- Kansas apolis City Dallas San Francisco (In million of: dollars) A S S E T S <*old certificate account 10,022 684 1,898 600 740 1,008 694 1,799 406 262 479 331 1,121 608 183 28 10 208 18 37 6 38 22 45 13 64 26 35 16 24 19 13 5 21 13 22 12 73 23 1,348 91 258 17 21 107 59 317 24 37 96 141 180 43 --- 43 -- --- --- --- --- --- --- --- -_- --- --- 18,577 921 4,528 1,000 1,470 1,375 977 3,141 642 367 693 800 2,663 -- -- -- -- -- __ -- -- -- -- -- -- 30,501 1,512 204 ' 4,128 53,206 2,637 7,435 1,007 12,970 1,641 222 2,863 2,414 326 4,210 2,257 305 3,937 1,603 217 2,797 5,157 698 8,996 1 ,054 143 ,839 604 82 1,053 1,138 1 ,314 154 178 1,985 ~2 ,292 4,372 592 7,627 -- _- -- -- _- -- -- -- 53.206 54,597 2.637 2,728 12.970 13,271 2.863 2,880 4.210 4,231 3t937 4,044 2.797 2,856 8.996 9,313 1,863 1.053 _Lv9-85_ _2_,231—. 7^697 1,090 2,081 2 ,433 7,807 11,893 113 2,593 734 2 116 2,039 9 828 777 2 127 859 5 207 966 11 133 1,110 18 146 1,970 17 354 546 8 82 434 4 51 849 19 101 628 9 129 981 9 319 80,009 4,302 18,271 4,429 6,102 6,220 4,914 13,504 2 ,948 1,859 3,563 3 ,564 10,333 F. R. notes of other banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outright-Bills €ertificates 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 1/ TOTAL ASSETS .1/ i -- — Includes assets denominated in foreign currencies and IMF gold deposited ~T -"T.839 -- -- -- -_ 11.41. (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 25, 1969 Total Boston Ne%7 York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) LI_ABI.LI_TI.Ei Federal Reserve notes Deposits: Mamber 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 Contingent liability on acceptances purchased for foreign correspondents 45,158 2,622 10,412 2,625 3,648 4,122 2,389 7,993 1,679 787 1,691 1,590 5,600 21,154 1,547 106 458 23,265 9,619 813 102 5 5,079 284 1/ 32 1/421 920 665 5,816 1,536 982 102 5 1 1,090 613 1,490 64 9 -1,563 721 1,061 131 5 7 1,204 779 1,376 82 6 2 1,466 939 3,497 154 15 5 3,671 1,538 695 61 3 1 760 442 592 73 2 2 669 361 974 123 4 2 1,103 689 1,221 144 6 1 1,372 500 3,374 227 14 16 3,631 836 449 78,491 22 111 24 36 33 25 74 15 17 20 63 4,229 17,875 4,352 5,968 6,138 4,819 13,276 2,896 1,826 3,500 3,482 10,130 658 630 230 31 31 11 175 160 61 33 33 11 59 56 19 33 33 16 42 40 13 96 93 39 23 22 7 15 14 4 28 27 8 37 36 9 86 85 32 80,009 4,302 18,271 4,429 6,102 6,220 4,914 13,504 2,948 1,859 3,563 3,564 10,333 170 8 3/ 43 11 25 10 23 5,884 15 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/ 2/ 3/ 47,237 2,714 10,958 2,703 3,873 4,224 2,540 8,258 1,758 815 1,767 1,743 3,287 200 500 300 560 515 -- 1,000 180 27 -- 5 45,361 2,531 10,600 2,500 3,400 3,770 2,600 7,650 1.650 805 1,825 1,780 6.250 48,648 2,731 11,100 2,800 3,960 4,285 2,600 8,650 1,830 832 1,825 1,785 6,250 After deducting $ 74 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $127 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER