The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 5, 1969 The average of daily figures of total reserves of member banks declined (net) $136 million in the latest statement week to $27,560 million. Required reserves also declined while excess reserves and member bank borrowings each rose about $200 million. The major factors absorbing reserves in the latest week were increases in currency in circulation and Treasury deposits with Federal Reserve Banks. The $403 million increase in currency in circulation was somewhat greater than the usual seasonal change for this week. In addition, a decline in Other Federal Reserve assets also absorbed reserves. Offsetting some of these reserve drains was a somewhat greater than seasonal increase in float. System Open Market operations provided reserves, on a weekly average basis. Outright holdings of U. S. Government securities rose while repurchase transactions were reduced moderately from the level of the previous week. Excess reserves and member bank borrowings rose to levels above the average of recent weeks. Borrowings exceeded excess reserves by $1,240 million compared to the revised figure of $1,225 million for the previous week. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 4, May 28, June 5, June 4, and related items 1969 1969 1969 1968 (In millions c f dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 53,636 + 424 + 3,017 ! 53,833 Held under repurchase agreements -179 116 + 179 Federal Agency obligations-Held under repurchase agreements 49 50 — + 49 Acceptances-Bought outright 45 1 44 9 Held under repurchase agreements 21 36 + 21 — Discounts and advances-Member bank borrowings 1,522 + 219 + 763 927 Other ---13 Float 2,182 + 165 + 642 2,291 Other F. R. assets 2,508 221 47 2,477 Total Reserve Bank credit 60,142 + 4,602 59,572 + 385 Gold stock — 10,367 15 10,367 Treasury currency outstanding 6,744 4 52 6,743 + 77,254 + 4,536 76,682 + 389 Currency in circulation 50,436 + 3,182 + 403 50,607 Treasury cash holdings 696 + 16 346 687 Treasury deposits with F. R. Banks 500 + 96 284 297 Foreign deposits with F. R. Banks 105 18 204 110 Other deposits with F. R. Banks 447 5 30 432 + Other F. R. liabilities and capital 2^052 80 + 239 2.078 + 54,237 + 2,557 54,211 + 584 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves 23,017 4,543 27,560 27,278 282 - + - + 195 59 136 340 204 + 1,979 + 249 + 2,228 + 2,154 + 74 | 22,471 4,543 27,014 27,278 - 264 NOTE: A net of $51 million of surplus reserves were eligible to be carried forward from the week ended May 28, into the week ending June 4. On June 4, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $9,383 million, a decrease of $739 million for the week. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since May 28, June 5, June 4, 1968 1 1969 1969 A S S E T S 3 10,022 Gold certificate account (544) 221 194 1 Cash 495 927 722 Discounts and advances Acceptances: 8 3 44 Bought outright 50 Held under repurchase agreements Federal Agency obligations 73 Held under repurchase agreements U. S. Government securities: Bought outnght-+ 505 -1-2,167 Bills 19,204 Certificates +2,875 30,501 Notes --. -1,895 Bonds 4,128 +3,147 53,833 505 Total bought outright Held under repurchase agreements 108 +3,147 53,833 -!- 397 Total U. S. Government securities +3,634 54,804 - 451 Total loans and securities +1,808 +1,340 9,518 Cash items in process of collection (2,426) + 2 1 115 Bank premises - 175 54 2,362 ther assets 1/ 835 +5,045 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,970) 77,015 H.4.1(a) LIABILITIES. Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign ther 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (544) 44,400 22,471 297 110 432 (2,426) 23,310 7,227 487 (2,970) 75,424 - + j _ .;. + 191 +2,636 3 139 7 8 141 701 25 776 +1,220 99 - 54 38 +1,029 +1,134 + 122 -1-4,921 £ k JL I 1 ^ L A C C O U N T S + 41 2 Capital paid in 656 -Surplus + 32 630 ther capital accounts + 51 57 305 Contingent liability on acceptances purchased for foreign correspondents 182 2 + 5 7 * Figures in parentheses are the eliminations made in the consolidating process. 17 Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 4, 1969 (Acceptances and securities held under repurchase agreements are classified as maturing xv-ithin 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and Federal Agency obligations advances Holdings Weekly changes Acceptances 2,218 13 909 Within 15 days -72F 9,316 31 16 days to 90 days +808 18 -91 days to 1 year -20,500 +237 -« -.Over 1 year to 5 years 7,691 --Over 5 years to 10 years 13,447 Over 10 years 661 -^ --_ Total 53,833 +324 44 927 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 4, 1969 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account 10,022 388 2,217 522 735 841 570 1,814 355 150 363 145 1,922 F. R. notes of other banks Other cash 544 194 37 10 192 20 27 8 31 22 38 15 64 28 36 18 15 19 9 5 16 14 19 10 60 25 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 927 121 113 2 14 74 80 187 38 39 77 48 134 44 «- — -- 44 — — -- --- — -- — -- --- — -- --- — — --- --_ Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS -- 19,204 --. 30,501 4,128 53,833 „«. s-^fm 54,804 952 4,681 — -,512 7,435 1 1,007 204 2 ,668 13,123 --.. 2 ,668 n , i23 2 ,789 13,280 1,033 -1,641 222 2,896 -2,896 2,898 1,520 -2,414 326 4,260 4,260 4,274 3,247 -5,157 698 9,102 -9,102 9,289 663 -1,054 143 1,860 •_ 1,860 1,898 380 -604 82 1 ,066 -1 ,066 1,105 716 -1,138 154 2,008 -2,008 2,085 828 -1,314 178 2,320 „„ 2,320 2,368 2,753 -4,372 592 7,717 •7:717 7,851 11,944 115 2,362 739 3 103 2,102 10 771 674 2 115 846 5 188 1,017 11 119 1,052 18 132 2,002 17 317 615 8 75 424 4 47 782 19 89 577 9 118 1,114 9 288 79,985 4 ,069 18,592 4,246 6,101 6,098 4,774 13,493 2,985 1 ,744 3,368 3,246 11,269 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 1,421 1,010 --1,603 2,257 305 217 2,830 3,983 - -. -3,983 2.830 2,910 4,057 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 4 , Total Boston New York Phila- Clevedelphia land Richmond 1969 Atlanta Chicago L .__ St. Louis Minneapolis Kansas City Dallas . .r „. „ San Francisco (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 accrijed dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac(:eptances purchased for fore:Lgn correspondents 44,944 2,593 10,377 2,603 3,630 4,081 2,360 7,977 1,672 780 1,690 1,569 5,612 22,471 297 110 432 23,310 9,653 672 981 1,555 1 9 3,565 1 15 7 3,588 1,610 3 1 77 467 541 1 2 2 546 373 954 1,565 730 1,034 1,399 * 1 6 5 9 2 1,407 1,049 834 845 772 5 4 681 695 5,476 290 1/ 36 2/377 6,179 1,489 4 3 961 634 1,080 1 6 1 1,083 484 4,442 2 14 25 4,483 891 487 73,394 22 3,991 134 18,179 24 4,165 36 5,951 35 6,010 24 4,675 78 13,253 16 2,931 10 1,709 17 3,302 20 3,161 71 11,057 656 630 305 32 31 15 171 160 82 33 33 15 59 56 25 34 33 21 42 40 17 96 93 51 23 22 9 15 14 6 28 27 11 37 36 12 86 85 41 79,985 L_4,069^ 18,592 4,246 6,JL01 13,493 2,985 1,744 3,36P 3,246 11,269 10 16 27 6 4 8 10 25 5,851 ; 182 9 3/ 46 ..u 5 1 987 551 6,098_ 4, 77^ 9 12 .A. FEDERAL PvESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U, S. Government securities Total collateral 2,686 10,890 2,661 3,841 4,176 2,512 3,242 1,742 802 1,754 1,709 165 500 300 560 515 -- 1,000 180 27 -- 5 2,531 10,600 2,500 3,400 3,730 2,600 7,650 1,650 795 1,775 1,780 6,250 2,696 11,100 2,800 3,960 4,245 2,600 8,650 1,830 822 1,775 1,785 6,250 y After deducting $ 76 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. After deducting $136 million participations of other Federal Reserve Banks, Digitized 3/ for FRASER * Less than $500,000.
@FedFRASER