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o* GOV; FEDERAL : %tB#* RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release May 25, 19*7 The average of daily figures of total member "bank reserves held during the week ended May 2k, decreased a net of $2k8 million to $23,118 million. Estimated currency and coin cf member banks increased $111 million and their reserve balances at the Federal Reserve Banks decreased $359 million. Estimated required reserves decreased $200 million; and estimated excess reserves decreased $^8 million to $33& million. ~xce6S reserves exceeded member bank borrowings at the Federal Reserve Banks by $288 million, compared with the revised figure of $263 million the week before. H.k.l The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $300 million in U. S. Government securities held under repurchase agreements, $73 million in member bank borrowings, and increases of $235 million in "other" F. R. accounts (net), and $116 million in Treasury deposits with Federal Reserve Banks. The principal offsetting chances were an increase of $287 million in U. S. Government securities bought outright, and a decrease of $63 million in currency in circulation. Total Reserve Bank credit decreased $85 million. As of Wednesday, May 2-', 1967, holdings of U. S. Government securities bought outright were $2ll*- million higher than a week earlier, U. S. Government securities held under repurchase agreements were $195 million lower, and member bank borrowings were $40 million lower. Outright holdings of bills, notes, and bonds increased $112 million, $32 million, $70 million, respectively. 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) Average of daily figures Vfeek ended Change from week ended Wednesday May 2k, May 25, "May 17, May 2k, 1966 1967 1967 1967 (In millions of dollars) *»5,530 +287 -300 70 3k 2 18 50 25 1,532 i»7,2iil 13,109 6,568 73 W,073 1,391 1,068 121 kM-2 8kl ^7,936 +^515 , ^5,530 11 ko 70 31 - 603 + k - V5i +3, Mi) - 423 + 708 +3,699 +2,214 + ii-03 + 213 9 + 67 + 201 +3,089 30 25 1,282 • 13,109 6,581 SOTSB* VI-,108 1,^3 1,170 122 ll36 Member bank reserves: 18,584 + 610 With Federal Reserve Banks ) f J41I + 267 Currency and coin (estimated) '^t *AUJ 23,201 + Total reserves held 23,118 -240 22,838 853 + Required reserves (estimated) 22,780 -200 363 + 21* Excess reserves (estimated) 338 - ko On May 2k, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,837 Million, a decrease of $159 million for the week and an increase of $200 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) May 24, 1967, A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Change since May 17, May 25, 1967 1966 1 3 - 57^ + 87 335 55 4 + 5 - 123 - 487 +101 - 3*6 70 31 21 10 41 13,359 4,352 21,507 6,312 45,530 --. 45,53c 45,686 + 112 -+ 32 + 70 + 214 - 195 + 19 - 125 +3,859 +4,340 -3,713 7 +4,479 -+4,479 +4,085 Cash items in process of collection (l,888) 6,577 Bank premises 109 Other assets l/ 569 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,432) 65,863 -1,395 + 1 + 38 -1,480 + 216 + 6 - 128 +3,793 (544) 38,743 71 +1,917 18,584 1,170 122 436 20,312 528 162 + 901 + 428 16 + 43 +1,356 # Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S, Government securities Total loans and securities (5^) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 10,773 l,8l4 12,587 (1,888) 5,295 230 (2,432) 64,580 C A P I T A L ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts 582 570 131 4 3 - 373 -1,073 + 2 -1,515 --x + + 439 2 6 +3,738 + 21 + 1 9 + -JC Ratio of gold certificate reserves to F, R. note liability (computed from figures as shown on the following pages—not consolidated) 32.0$ -~ 2.6% Contingent liability on acceptances purchased for foreign correspondents 337 + 2 0 + 177 * 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, MAY 24, I967 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advance 27 28 Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years *s Over 5 years to 10 years :ars Over 10 years Total 55 Acceptances 50 51 101 U. S. Government securities and Federal Agency obligations Weekly changes Holdings 1,872 -79 11,824 -49 17,338 +45 13,101 +40 +39 937 458 +23 45,530 +19 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 2h, 1967 H. 4. 1(b) Total Boston Philadelphia Cleve- Rich- Atlanta Chicago land mond (In millions of dollars) New Ycrk i St. Louis Minneapolis Kansas Eallas City San Francisco A S S E T S 3,027 518 k3k 9k 12,587 570 103 673 3,^61 544 335 36 11 163 37 Discounts and advances 5 1 55 : Acceptances: Bought outright-Held under repurchase agreements Federal Agency obiigaticns-i Held under repurchase agreements 1 1 U. S. Government secur ties: Bought outright-i 716 Bills 13,359 i K 352 | 233 Certificates Notes j 21,507 ! 1,152 6,312 1 338 Bends Total 45,530 1 2 , ^39 Held under lepurchase agicements --- 11 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 1 10,773 l,8l4 F. R. notes of other Banks Other cash 1 1 t (0 31 1 1,038 155 604 100 1,673 336 612 777 151 928 1,193 704 16 7 61 51 38 18 2 70 31 3,201 1,0^3 5,15^ 1,513 10,911 -- 718 233 1,155 339 2,^45 -- 1, 059 3^5 1,706 501 247 32 404 71 320 61 1,146 2llj 2, 009 449 63 512 279 475 381 1,360 56 42 41 55 20 35 9 7 20 17 27 18 57 37 3 3 11 4 2 5 4 3 -• -• -• -• 528 172 851 250 1,601 -- -- 957 312 1,5^0 452 3,26l -- 725 236 1,167 342 2, 470 __ 2,301 750 3,705 l, 087 7,843 -- 3,611 klk - -- l, 617 -- 261 85 4i9 123 888 __ 558 182 897 263 1,900 -- 1,861 606 2,997 880 6,3^4 155 764 224 Total U. S. Government securities 45,530 2 ,^39 10,911 2,445 3,6ll 3,261 2, 470 7,843 1.617 888 _l_i80L_ 1.9C0 6.3^4 Total leans and securities 45,686 2 , 444 11,023 2,447 3,613 3,26^ 2, 473 7,854 1,621 890 1,806 1,904 6,347 518 2 21 620 5 30 649 6 21 762 20 19 1,412 19 52 378 9 11 264 3 7 551 13 13 486 10 17 796 9 45 3,623 5,308 5,189 4,076 11,442 2, 586 1,459 2,895 2,843 8,651 Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 1 0,U65 109 569 561 3 17 ! 68,295' 3.,745 l, 468 10 3l6 16,478 1/ Includes assets denominated in foreign currencies and IMF geld deposited STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 24, 1967 H.4.1(c) 1 Total Boston New York r Phila-j Cleveland delphia 1 1 1 1 1 I RichSt. | AtlantajChicago! Louis mond Kinneapolis | l Can Kansas 1 Dallas FranCity ! cisco 1 (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 referred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 39,287 2,354 9,121 2,277 3,189 3,b01 2,197 7,044 1,444 707 1,494 1,264 4,595 18,58!+ 1,170 122 5,201 161 1/ 40 2/358 5,760 740 80 1,348 829 106 1,001 122 7 3 84 6 146 * 2 826 6 6 947 819 70 5 2,967 10 1 1,444 1,131 686 83 4 3 776 1,002 b * 2,844 122 16 1 2,983 443 85 20,312 704 70 5 * 779 487 896 l 1,093 14 .. 63 3,190 7A83 538 1,210 439 543 555 656 1,185 314 230 44o 404 669 1 230 12 55 : 67,012 3,683" 16,146 12 3,554 19 13 39 8 5 9 10 31 5,195 17 5,120 3,997 11,251 2,542 1,429 2,839 2,771 8,485 152 148 32 31 30 52 51 30 30 85 83 34 33 10 9 14 14 2 26 25 8 36 35 8 74 74 18 I 68,295 1 3,745 16,478 3,623 5,308 5,169 2,586 1,459 2,895 2,843 8,651 18 30 17 12 8 15 20 44 FEDERAL RESERVE AGENTS' ACCOUNTS 3,426 2,308 3,714 7,285 1,517 735 1,553 1,356 4,865 735 436 1 41 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on act^eptances purchased for fore:Lgn correspondents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral ! j 1 582 570 1 131 j 337 ! 28 27 7 16 3/ 87 23 4,076 11,442 21 49 20 20 4_ 5__ 5_ 41,045 2,430 9,528 2,328 6,695 450 1,000 483 600 74c 450 l,4oo 305 127 225 180 -« __ -- -- -- -- -- _- -.- -- -- -- -- 36,336 2,036 2,000 3,coo 3,035 2,050 43,031 2,483 3,775 2,500 625 752 1,230 1,410 4,600 3,6oo 6,150 7,550 1,400 2,486 8,900 9,900 1,31c 1,615 1,625 5,335 , r.. r- .,„ 1/ After deducting $ 82 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. .3/ After deducting ^ 0 million participations of other Federal Reserve Banks, * Less than $500,000.
@FedFRASER