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FEDERAL H^fjALRtf*?>• RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release March 23, 1967 The average of daily figures of total member bank reserves held during the week ended March 22, increased a net of $4l6 million to $23,704 million. Estimated currency and coin of member banks decreased $35 million and their reserve balances at the Federal Reserve Banks increased $451 million. Estimated required reserves increased $224 million; and estimated excess reserves increased $192 million to $579 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $277 million, compared with the revised figure of $2l4 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $393 million in Federal Reserve float, $250 million in U. S. Government securities bought outright, and $129 million in member bank borrowings, and a decrease of $70 million in "other" F. R. accounts (net). The principal offsetting change was a decrease of $348 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $676 million. As of bought outright securities held bank borrowings Wednesday, March 22, 1967, holdings of U. S. Government securities were $183 million higher than a week earlier, U. S. Government under repurchase agreements were $79 million higher, and member were $168 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 Special Certificates 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 Week ended Mar. 22, 1967 (In of daily figures_ Change from week ended Wednesday, Mar. 22, Mar. 23, Mar. 15, 1967 1966 1967 millions of dollars) H4, C67 H 328 44,478 394 11 11 7 71 6 94 68 3C0 111 21 - 229 +3,754 - 596 + 774 +3,933 1,521 46,579 13,109 6,483 £67171 44,378 328 302 1,858 ^6,9^7 13,108 6,1+83 66,539 +250 - 28 - 64 +129 +393 TUfE + 1 + 20 - - 35 +2,259 + 21 + + 46,791 +3^8 + 2 - 18 - 70 +247 19,7^7 3,957 23,704 23,125 579 +1+51 - 35 T4T6* +224 +192 +1,091 + 217 ^3,718 1,304 592 137 ^36 6o4 kki 86 3 + 133 75 +2,841 +17308 +1,100 + 208 43,759 1,322 297 1^4 431 599 4T75S2 19,6?0 4,410 24,040 23,269 -51 On March 22, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,584 million, an increase oi' $l47 million for the week and a decrease of $129 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Mar. 22, 1967 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves >9D Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements u S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U, S. Government securities Total loans and securities 10,778 1,823 12,601 - 6 - 5 - 11 + - 774 111 663 344 ill - 1 -167 + - l42 588 - 8 153 68 12,576 4,351 21,3^2 6.209 44,478 394 44,872 45,058 (1,984) Cash items in process of collection 7,916 Bank premises 108 Other assets l/ 781 TOTAL ASSETS/LIABILITIES & CAPTIAL ACCOUNTS (2,675; 66,8J8 L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 2 +183 +183 + 79 +262 + 88 +281 + 29 +386 +3,555 +4,339 -3,584 - 362 +3,948 + 394 +4,342 +3,6oo + 945 6 + + 135 +4,165 (691) 38,433 34 19,630 297 134 431 20,492 +272 -155 + 6 - 24 + 99 + - 6,395 223 65,543 +288 - 5 +348 +I,2u7 + 30 +4,112 + + + + (1,984) (2,675) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts Change s i n c e Mar. 15, Mar. 2 3 , 1966 1967 578 570 117 1 + 37 +1,972 + + 931 136 2 110 903 19 19 15 Eatio of gold certificate reserves to F. R. note liability (computed from figures as shown on 32.2$ - 3.2$ the following pages—not consolidated) Contingent liability on acceptances purchased 218 + 89 for foreign correspondents + 13 * Figures in parentheses are the eliminations made in the consolidating process. l/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 22, 1967 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days 106 16 days to 90 days 5 91 days to 1 year -Over 1 year to 5 years irs Over 5 years to 10 years -Over 10 years Total 111 Ac<^eptances 15 53 — — — -68 U, S. Government securities and F e d e r a l Agency o b l i g a t i o n s Holdings Weekly changes +189 2/j6l 12,u94 - 56 +125 19,367 10,103 — — 853 h02 -+258 44,88i STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 22, 1967 H. 4.1(b) Total ^Boston New Philadelphia York Cleveland Rich- Atlanta Chicago mond millions ; of dollars) (In St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 907 152 | 12,601! 736 2,777 691 ! 3W 5^ 11 172 40 33 8 95 57 ^7 19 527 101 628 70 42 in 24 7 -- -- 10 # 68 -- 68 P. R. notes of other Banks Other cash Disccunts 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 Held under repurchase agreements 857 152 587 95 682 10,778 . i 1,823 i ! 633 2,339 103 438 -- i -- 1,009 1,059 2,025 356 338 63 2,363 426 72 498 20 17 442 61 503 41 19 1,659 65 50 4i9 20 33 236 32 268 10 8 34 # 2 20 4 10 1,708 — 1,443 216 64 4o — 7 12,576 666 3,159 1,092 M51 ! 21,3^2i 1,130 5,359 ! 6,209! 329 1,559 : kh,k7& 2,356 11,169 ? 231 39^ | 394 647 224 989 3^2 913 316 704 244 2,097 l, C98 1,679 1,551 1,196 320 488 451 3^8 2,289 3,^98 3,231 2,492 3,558 1,035 7,415 -- -- -- -- — 725 488 169 827 24i 500 173 848 247 1,6(7 250 87 425 123 885 1,725 1,768 6,043 -- -- -- -- -- 455 157 771 224 591 2,900 844 Total U. S. Government securities W-,872 2,356 11,563 2,289 3,^98 3,231 2,492 7,415 1,607 885 1,725 1,768 6,043 Total leans and securities 45,058 2,380 11,645 2,289 3,^98 3,241 2,492 7,449 1,607 887 1,745 1,772 6,053 9,900 687 3 28 1,692 10 370 619 2 28 696 5 46 849 6 37 871 20 32 1,585 108 781 19 87 475 9 20 287 3 11 607 12 22 544 10 25 988 9 75 69,^83 3,899 16,706 3,661 5,4c6 5,258 4,155 11,618 2,583 1,474 2,921 2,914 8,888 Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS *Less than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 22, 1967 Total Boston New York Phila- Cleve- RichMinne-' Kansas St. '. Atlanta Chicago B IT delphia 1 Louis apolisI City Dallas land mond San Francisco (in millions of dollars) LIABILITIES 39,124 Federal Reserve notes Deposits: 19,630 Member bank reserves U. S. Treasurer—general account 297 134 Foreign 431 Other 20,492 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 F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 8,379 223 68,218 2,343 9,068 2,249 3,215 3,609 2,190 7,071 795 1,382 25 12 * 1,419 851 8 7 10 876 1,066 46 8 1,1222 2,899 9 19 2 2,929 754 801 23 6 1 831 5,538 6 1/ 38 g/357., 5,939 l 822 653 1,310 513 644 689 11 61 3,838 16,378 11 37595 17 57295 16 5,190 19 7 695 1,475 1,248 4,528 671 49 4 l_ 725 48o 20 3 * 503 889 14 6 2 911 1,066 38 7 l 1,112 3,192 4o 17 54 3,303 1,393 373 24l 471 473 865 12 37 4,078 11,430 8 27539 5 IT7^ 8 27BE5 27852 28 87F2T" 28 27 b 149 148 31 30 30 6 52 51 8 3^ 30 8 36 35 85 83 20 20 20 14 14 2 26 25 5 34 33 5 74 74 16 69,483 1 3,899 16,706 3,661 5,406 5,258 4,155 11,618 2,583 1,474 2,921 2,914 8,888 10 2 / 56 11 20 11 14 32 5 10 13 28 722 1,544 1,344 4,774 578 I 57^ I 117 9,535 2,466 FEDERAL RESERVE AGENTS' ACCOUNTS 3,734 1,504 2,329 7,3^8 2,302 3,^67 l,00u 483 600 74o 450 1,1*00 300 127 225 180 735 8,900 2,000 3,000 3,035 2,050 6,150 1,310 615 i,4oo 1,230 4,6oo 9,900 2,483 3,6oo 3,775 2,500 7,550 1,610 742 1,625 l,4lo 5,335 l/ After deducting $ 96 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. _3_/ After deducting ipl62 million participations of other Federal Reserve Banks. 1,433 Less than $500,000.
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