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FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release June 6, 1968 H.4.1 The average of daily figures of total member bank reserves held during the week ended June 5, decreased a net of $26 million to $25,279 million. Estimated currency and coin of member banks decreased $195 million and their reserve balances at the Federal Reserve Banks increased $169 million. Estimated required reserves increased $175 million; and estimated excess reserves decreased $201 million to $169 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $590 million compared with the revised figure of $394 million the weeik before. The principal changes supplying average reserve balances with Federal Reserve Banks was an increase of $30 million in U. S. Government securities bought outright, and decreases of $300 million in "Other" Federal Reserve accounts (net), and $292 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $317 million in currency in circulation, and $144 million in foreign deposits with Federal Reserve Banks, Total Reserve Bank credit increased $43 million. As of Wednesday, June 5, 1968, holdings of U. S. Government securities bought outright were $161 million higher than a week earlier, and member bank borrowings were $135 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) Averages of daily figures Week ended Change from week ended Wednesday, June 5, June 7, May 29, June 5, 1968 1967 1968 1968 (In millions of dollars) 50,619 + 30 +4,750 - 84 50,686 54 - 2 17 30 52 +317 - 11 -292 +144 + 14 -300 -127 + 682 12 + 199 +5,488 -2,727 + 206 +2,965 +2,816 - 338 + 50 + 178 + 18 -1,577 +1,147 419 13 1,596 52,766 10,367 6,796 69,929 47,473 1,015 396 164 470 -818 48,700 +169 -195 - 26 +175 -201 +1,818 + 285 +2,103 +2,265 - 162 21,230 4,474 25,704 25,203 501 -- — 759 13 1,520 52,966 10,382 6,796 70,143 47,254 1,042 784 309 477 -742 49,125 21,018 4,261 25,279 25,110 169 - 5 -- + + + + 19 43 2 2 42 -- On June 5, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,677 million, an increase of $176 million for the week and an increase of $1,017 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollats) . Change since Wednesday May 29, June 7, June 5, 1968 1968 1967 A S S E T S -2,584 10,025 Gold certificate account 1/ Cash 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 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 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 (578) 415 432 12 135 » -- 27,626 6,023 50,686 97 V 342 21 32 52 17,037 I- 161 -__ -- 4- 161 +3,511 -4,352 +5,988 - 380 +4,767 (2,050) 50,686 51,170 7,689 113 4- 25 4- 466 41 (2,628) 2.537 71.949 ~c 362 +__841_ +4.767 +5,056 +1,044 + 5 +1.787 +5.405 (578) 41,764 4- 215 4-2,549 21,230 + 788 +1,887 554 27 11 218 336 23 792 + 34 + 13 +1,903 + 715 + 127 +5,294 396 164 470 (2,050) 22,260 6,093 (2,628) 70,482 365 **»" - + + + + + 161 31 CAPITAL ACCOUNTS C a p i t a l paid i n + 32 615 Surplus -+ 28 598 Other capital accounts 254 -'- 49 + 51 Contingent liability on acceptances purchased for foreign correspondents 125 7 - 230 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes amount of gold certificates previously included in Redemption fund for F. R. notes.1' 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes M i P M A ^ o s U . MTURITY JDISTRPUTIONOF (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 advances Holdings Weekly changes Acceptances Within 15 days 2,114 -349 429 15 16 days to 90 days +423 12,785 3 37 91 days to 1 year 21,831 + 87 Over 1 year to 5 years -7,957 Over 5 years to 10 years -5,421 Over 10 years -578 Total 432 52 50,686 +161 mm m* H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 5, 1968 _ Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. MinneLouis apolis San Kansas City Dallas Francisco (In millions of dollars) A S S E T S Gold certificate account F. R. notes of other banks Other 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 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 | 10,025 552 2,870 479 791 858 474 1,762 268 166 277 231 1,297 578 415| 34 25 203 53 20 5 37 57 49 24 69 50 28 83 17 31 10 6 21 23 18 17 72 41 432 39 51 9 2 37 59 97 16 18 13 57 34 52 --- 52 -- -- -— --- --- --- -.. --- --- --- --- -_. -- -- -- -- -- -- -- -- 17,037 887 4,183 898 1,305 1,263 916 2,782 610 339 680 714 2,460 -- -- -- -- -- -- -- -- -- -- -- -- i 27,626 1,438 314 6,784 1,479 12,446 1,456 2,116 2,049 4,511 447 984 549 120 1 ,158 252 3,988 461 988 216 1,102 317 1,487 324 2,671 3,882 8,277 1,814 1,008 2,022 ~1 ,124 7,317 -- -- -- -- -- -- 8,277 8,374 1,814 1,830 1,008 1,026 2,022 2,035 ~T,124 2,181 7,317 7,351 1,625 18 341 469 8 79 315 3 52 597 18 100 560 9 126 868 9 306 4,364 12,231 2,702 1,578 3,071 3 ,142 9,944 1 6.023 — 50,686 ~T,639 -- -- -- -- -- 50,686 ~2 ,639 51,170 2,678 12,446 12,549 2,671 2,680 3,882 3,884 1,717 2,537 608 3 115 10 818 587 2 125 74,577 4 ,015 18,220 3,898 9,739 113 "T,727 --3,759 'T ,727 3,759 3,796 2,786 700 5 205 869 8 129 824 20 141 5,679 5,733 1/ Includes assets denominated in foreign currencies and IMF gold deposited. — 240 869 H.4.1(c) STATEMENT OF CONDITIION OF EACH FEDERAL RESERVE BANK ON JUNE 5, 1968 Total Boston New York Richmond Phila- Clevedelphia land St. Atlanta Chicago Louis Minneapolis Kansas City Dallas 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 accriled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for foreiLgn correspondents 42.342 2,479 9,674 2,463 3,400 3,909 2,317 7,473 1,579 746 1,591 1,441 5,270 21,230 396 164 470 22,260 8,143 856 1 8 856 1 9 1,484 1 14 3,122 * 23 2 3,147 1,333 913 1,116 6 1,499 625 1,193 * 10 2 1,205 732 526 1 4 866 474 1,010 1 8 9 1,028 689 683 865 581 5,863 389 1/ 45 2/428 6,725 1,349 689 371 531 260 7 3 923 480 9 2 1,127 478 3,608 2 21 24 3,655 771 365 73,110 19 3,944 94 17,842 18 3,821 28 5,552 26 5,652 19 4,273 58 12,011 13 2,652 8 1,545 15 3,009 15 3,061 52 9,748 615 598 254 30 29 12 158 154 66 32 32 13 55 54 18 32 31 18 39 38 14 91 87 42 21 20 9 14 14 5 27 26 9 35 34 12 81 79 36 74,577 1 4,015 18,220 3,898 5,679 5,733 4,364 12,231 2,702 1,578 3,071 3,142 9,944 7 11 7 18 4 3 6 7 16 5,490 125__ 6 3/ 32_ 8_ FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,534 10,180 2,525 3,658 4,009 2,411 7,702 1,644 761 1,652 1,544 330 1,000 475 600 640 350 1,400 206 77 225 180 2.256 2,586 9.400 10,400 2.100 2,575 3.100 3,700 3.425 4,065 2.150 2,500 6.450 7,850 1.520 1,726 715 792 1.450 1,675 1.430 1,610 1/ After deducting $119 million participations of other Federal Reserve Banks. 2J Includes IMF gold deposit. After deducting $ 93 million participations of other Federal Reserve Banks. Digitized for3/ FRASER Less than $500,000. 5.750 5,750
@FedFRASER