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FEDERAL '•?f*zmy RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release May 11, 1967 H.U.I The average of daily figures of total member bank reserves held during the week ended May 10, decreased a net of $191 million to $23,436 million. Estimated currency and coin of member banks decreased $257 million and their reserve balances at the Federal Reserve Banks increased $66 million. Estimated required reserves decreased $115 million; and estimated excess reserves decreased $76 million to $323 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $260 million, compared with the revised figure of $265 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $174 million in U. S. Government securities bought outright, $163 million in U. S. Government securities held under repurchase agreements, and a decrease of $151 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $223 million in currency in circulation, and decreases of $71 million in member bank borrowings, and $57 million in Federal Reserve float. Total Reserve Bank credit increased $198 million. As of bought outright securities held bank borrowings Wednesday, May 10, 1967, holdings of U. S. Government securities were $208 million lower than a week earlier, U. S. Government under repurchase agreements were $139 million lower, and member were $91 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought 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) Average of daily figures Week ended Change from week ended Wednesday, May 10, May 11, May 3, May 10, 1967 1966 1967 1967 (In millions of dollars; 45,469 457 72 94 63 25 1,384 47,567 13,109 6,567 67,243 44,015 1,396 1,050 143 463 , 539 47,606 45,404 390 +174 +163 +4,529 + 158 5 3 3 8 60 70 86 43 25 1,27.: +199 - 617 + 3 - 393 +3,736 - 509 + 748 +3,975 +223 + 6 -151 + 16 + 2 + 36 +133 +2,181 + 455 + 533 + 12 + 72 + 128 +3,381 + • - 71 - 57 +195 477291 13,109 6,57g 557972 44,17;. l,40d 1,148 12+ i 19,1c+ 592 1 4,3Cj + 251 23,4Cr> + "H43 23,CS9 + 860 rio 17 On May 10, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,099 million, an increase of $146 million for the week and an increase of $550 million from the comparable date a year ago. 19,636 3,800 23,436 23,113 323 H.4.1(a) CONSOLIDATED STATEMENT OF CONPITICK OF ALL FEDERAL RESERVE BAMCS (in millions of dollars) Chaage...^..lfi,Qe May 10, 1967 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves May 3, 1967 May 11, 1966 -6 - 57^ + 86 10,785 1,812 12,597 Cash Discounts and advances Acceptances: Eought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S # Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S # Government securities Total loans and securities (525) r O 68 1 91 70 86 -30 328 - k8& + 95 - lk6 10 H 55 5 208 --__ 13,335 4,352 21,368 6,349 Ti$,k0k 390 45,794 46,018 Cash items in process of collection (1,691) 6,766 Bank premises 108 Other assets l/ 9^7 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,216)66,764 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 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 208 139 3^7 ^73 • 66k -+ 17 -1,12.5 +4,120 +4,3^0 -3,597 - 225 +M38 + 15_4 +4,792 +k,691 + - ^7 6 35 +k,222 (525)38,821 f 216 +1,9^2 19,102 1,148 + 996 174 +1,200 + 652 124 479 - ik + 15 20,853 - 821 (1,691) 5,493 - 552 232 7 (2,2l6)"S57399 -i,i65 582 570 213 3 -36 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts — + 98 +1,950 + + 218 37 '+k,lkf + + + 22 19 34 Ratio of gold certificate reserves to F, R. note liability (computed from figures as shown on the following pages--not consolidated) 32.0/0 - 2.656 .1$ Contingent liability on acceptances purchased for foregin correspondents + 23 302 + 156 * Figures in parentheses are the eliminations m a d e in t h e cons<olidating process. l/ Includes assets denominated in foreign currencies and IMF go Id deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 10 , 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 28 16 days to 90 days 40 91 days to 1 year -Over 1 year to 5 years Over 5 years to 10 years -Over 10 years Total ~68~ Acceptances 103" 53 .«-.156 U. S. Government securities and Federal Agency obligations Holdings Weekly changes -251 8,151 + 28 6,354 -129 19,773 -10,183 898 435 45,794 ..--352 E. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 10, 1967 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco 266 61 1,330 327 28 18 1,545 (in millions5 of dollars) ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 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 Held under repurchase agreements 10,785 611 1,812 102 12,597 ; 713 kl 525 ! 328 \ 1 1 TOTAL ASSETS 1/ 3,110 158 36 68j i 70i 86; 545 94 820 151 1,054 639 14 7 971 61 53 1,206 30 17 481 101 582 63 4l 1,862 336 2,198 40 52 437 63 500 15 31 245 31 276 7 8 4-59 71 530 19 17 215 49 37 17 70 86 714 13,335 4,352 233 21,368 1,1^-5 6,349! 340 > 2,439 1,058 345 1,695 503 3,601 955 312 1,530 455 3,252 772 252 1,238 368 2,630 » 2,297 750 3,681 1,094 7,822 45,79^2,432 _ II, K>4__ 2,439 3,601 3,252 2,630 3,147 1,027 5,042 1,498 10,714 390 45,4o4i2,432 390! » • »• ' " ' ' 717 233 1,148 34l 46,018:2,438 11,269 2,442 3,603 3,256 2,633 8,457i 566 108! 3 947 j 37 1,429 10 403 534 2 42 624 5 59 681 6 47 787 20 42 3,680 5,376 5,243 68,980 3,809 556 182 260 85 4i6 124 528 172 845 885 1,796 892 265 1,895 7,822 _1^6l2^ _ 88^ 1,796 1,895 6,326 7,831 889 1,803 1,898 6,343 822 9 473 155 759 225 1,612 1,858 606 2,977 885 6,326 • " 16,415 Includes assets denominated in foreign currencies and IMF gold deposited. 152 i • Cash items in process of collection Bank premises Other assets l/ 435 1 Total U. S. Government securities Total leans and securities 2,675 4,168 1,613 l,36o 19 118 4o4 9 25 263 3 16 543 13 28 444 9 32 11,618 2,597 1,462 2,953 2,756 _2£. 8,903 H.h.1(c) STATEMENT OF CONDITION OP MCE FEEEFAL RESERVE BARK ON MAX 10, 1967 Total Boston ! New j York Phila-j Clevedelphia j land T mond jAtlanta!Chicago! JU. (in millions of dollars) 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 r e s e r v e s U.S. T r e a s u r e r - - g e n e r a l a c c o u n t Foreign Other Total deposits 39,346: 2,358 9,107 2,262 3,197 3,618 2,214 7,056 746 71 6 5,095 215 1 / 27 g/397 802 62 1,386 69 7 12 1 857 99 7 9 972 1,076 83 8 V169" 3,032 125 19 2 3,178 689 l,l4o 21 * "823" Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILTIES 550 12 3,743 17fW 1,164 1 "B72" 462 12 16,060 3,608 -S5__. i74~6F 573 23. 561 -i2- _ 2 4o MinneLouis i apolis i_._ ±M5 691 65 5 _ l 7S2" 335 5,257 5,168 4,085 H,4l4 2,5508 30 30 15 36 35 85 83 36 20 20 11 52 51 16 3,680 5,376 5,243 4,168 11,616 2,597 16 JL 16 44 11 r San Kansas Dallas j FranCity I cisco 707 1,503 1,260 4,619 446 ^3 3 856 92 6 957 74 7 3,158 150 17 * 2 492 956 425 1,039 3,388 371 688 10 2,894 10 2,680 31 8,726 26 25 8 3^ 33 9 74 7^ 29 2,953 2,756 8,903 13 18 .39 226 _3__ 1,430 63 l CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 28 27 11 152 148 55 68,980 3,809 16,415 Contingent liability on acceptances purchased for foreign correspondents I* 3/ 78 31 30 12 19 7 14 14 4 1,462 FEDERAL RESERVE AGENTS* ACCOUNTS F . R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F . R. n o t e s : Gold c e r t i f i c a t e a c c o u n t E l i g i b l e paper U. S . Government s e c u r i t i e s Total c o l l a t e r a l 9,523 2,296 3,427 ^50 1,000 483 l 600 74o i 36,306! 2,016 8,900 43,002 | 2,466 9,900 2,000 2,484 3,000 3,600 3 ; 035 3,775 40,963! 2,44o 6,695 1 1 l/ After deducting $ 97 million participations of other FederaT Reserve "Banks. 2/ Includes IMF gold deposit. j / After deducting §22k million participations of ^ther Federal Reserve Banks. 1,516 732 1,559 1,352 4,807 305 127 225 180 735 6^150. 1,310 7,550 1,615 615 742 1,400 1,625 1,230 1,410 AA6O_Q 3,718 2,313 7,28o 450 1,400 2z05_o 2,500 5,335 Less than $500,000.
@FedFRASER