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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.,4.1* For immediate release May 4, 1967 The average of daily figures of total member bank reserves held' during the week ended May 3, increased a net of $285 million to $23,668 million. Estimated currency and coin of member "banks decreased $58 million and their reserve balances at the Federal Reserve Banks increased $343 million. Estimated required reserves increased $46 million; and estimated excess reserves increased $239 million to $479 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $345 million, compared with the revised figure of $142 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $253 million in U. S. Government securities held under repurchase agreements; and $197 million in U. S. Government securities bought outright. The principal offsetting changes were an increase of $114 million in Treasury deposits with Federal Reserve Banks, and a decrease of $52 million in Federal Reserve float. Total Reserve Bank credit increased $481 million. As of bought outright securities held bank borrowings Wednesday, May 3, I967, holdings of U. S. Government securities were $537 million higher than a week earlier, U. S. Government under repurchase agreements were $239 million higher, and member were $322 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 advancesMember 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, Apr. 26, ' May 3, May 4, May 3, 1966 1967 1967 1967 (In millions of dollars) 45,295 294 69 102 134 25 l,44i 47,369 13,109 6,566 67,044 +197 +253 +4,54o 212 45,612 529 »• 5 8 5 11 25 70 116 - 1 + 43 + 36 + + - m + - 52 +W + 1 + 13 +496 - 487 +3,809 - 524 + 769 +47054" 13,109 6,575 67,560 43,959 1,4oo 974 138 464 527 47,462 20,098 4,243 24,341 23,323 1,018 43,792 1,390 1,201 127 46l 503 47,473 + 38 + 8 +ll4 + 8 - 8 +152 +2,187 + 455 + 691 30 + 61 + 8 6 +3,449 19,570 4,098 23,668 23,189 479 +343 - 58 +2H5 + 46 +239 + + + + + - 8 13^25 1,385 5 6o4 329 933 740 193 477B76" On May 3, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,953 million, an increase of $66 million for the week and an increase of $4l8 million from the comparable date a year ago. H.4.1(a) CONSOLIDATE? STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Change since Apr. 26, May 4, May 3, 1967 1967 . 1966 ASSETS Cold certificate account - 67^ + 19 16,785 + 92 - k Redemption fund for F. R. notes l,8l8 Total gold certificate reserves - 582 12,603 + 15 Cash + 9^ (596) :) 327 - 7 Discounts and advances -322 - 750 159 Acceptances: 10 Bought outright 70 + l - 2 116 Held under repurchase agreements 45 Federal Ageacy obligations-Held under repurchase agreements 13 U. S. Government securities: Bought outright-+4,085 Bills 13,543 +537 +4,34o Certificates 4,352 21,368 Notes -3,597 - 225 Bonds 6,349 45,612 +4,603 Total bought outright +537 + 266 Held under repurchase agreements 529 +239 +)i,86o +776 Total U. S. Government securities 46,141 +44o +4,159 46,491 Total loans and securities Gash items in process of collection (1,894) 7,430 + 317 + 19 Bank premises - l 108 + 6 Other assets l/ 1^ + 39 , , ,, 930 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,490)7^289 +50S L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (596)38,605 +162 +1,934 20,098 974 I38 464 21,674 +112 +134 + 20 +266 + 776 + 470 (1,894) 6,045 239 (2,490)66,563 + 24 + 18 +470 + 64 +1,3H + 631 + 40 +3,916 + 35 + + + £ A £ liiL A C C O U N T S Capital paid in Surplus Other capital accounts 579 570 177 + 1 19 19 29 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 32.1$> -.1$ % Contingent liability on acceptances purchased for foreign correspondents 279 +15 139 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. \ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 3, 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 advances Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to lu years Over 10 years Total 131 2ft -_ --_ «- 159 Acceptances 135 51 -« --_ 186 U. S. Government securities and Federal A gency obligations Weekly changes Holdings 8,402 +6,098 6,326 -5,848 + ^13 19,902 -10,183 -8c8 -4?J: 46,146 + 763 E. 4.1(h) STATEMENT OF COKLITTON OF EACH FELEFAL REBEK7E BANK OK KAY i, iyO' Total 1 1 Philadelphia New Boston York 1 A S S E T S 10,785 Gold certificate account : 1,818 Redemption fund for F. R. notes Total gold certificate reserves : 12,603 Cleve- Rich- Atlanta Chicago! St. Minneland mond Louis 1 apolis (In millions of dollars) I 636 102 738 2,324 436 2,76c 658 94 752 868 151 1,019 1,044 156 1,200 575 100 47 9 164 36 25 7 74 53 Discounts and advances 2 159 Acceptances: Bought outright 70 Held under repurchase agreements 116 Federal Agency obligations Held under repurchase agreements \ 5 U. S. Government securities: Bought outright Bills 726 13,543 Certificates i 4,352 233 21,368 1 ,145 Notes 340 6,349 Bends Total 45,612 2 ,444 Held under repurchase agreements 529 9 2 2 11,55c 529 F. R. notes of other Banks Other cash 596 327 Ban" axiati J Francisco CityJ 403 63 466 246 32 278 412 71 483 354 61 675 2,134 337 2,471 415 1,131 215 1,346 32 18 7^ 41 49 52 15 31 10 8 17 17 32 17 57 38 3 19 91 1 8 6 G 7 -- -- 741 238 2,227 716 3,515 26c 83 410 122 565 182 892 265 l ,904 1,887 6c6 2,977 885 0,355 70 116 c. 3,429 1,1C2 5,411 1,608 691 1,031 222 331 1,090 1,625 323 483 2,326 3,470 969 312 1,530 455 3,266 348 2 ,496 l,bkk 1 7,502 481 155 759 225 1,620 875 536 172 845 251 l,8o4 Total U. S. Government securities 46,141 2 ,444 12,079 2,326 3,470 3,266 2 ,496 7,502 l, 620 875 1,8C4 l ,904 6,355 Total loans and securities 46,491 2 ,446 12,279 2,328 3,472 3,269 2,,515 7,593 1,621 883 1,810 1 ,913 6,362 9,324 ICd 930 644 3 ?6 1,599 10 4C9 592 2 38 698 764 5 58 0 47 816 20 39 1,495 19 ill 464 9 24 271 3 13 595 13 28 505 9 _ 32 881 9 -95 70,379 3 ,923 17,257 3,7^4 5,379 5,336 h, 18C 11,790 2,630 1,466 2,963 Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS l/ Includes assets denominated in foreign currencies and IMF geld deposited. 0 Q 23 __ 8,788 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDEPAL RESERVE RAKK ON MAY 3, 1967 _ r r _ New Phila-j Cleve-j RichSt, j Minne- Kansas Total ;Boston IAtlanta Chicago j Dallas York !delphia > lani ! mond City Louis j apolis 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 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 39,201 2,3^7 9,^90 2,251 3,185 3,6io 2,203 7,0^5 1,438 702 1,494 1,253 4,58: 20,0961 974, 136: 4£4| 21,674 792 5,905 101 1/ 4i 2/396 b,443 1,3*1 73 12 * 1,446 649 115 7 9 98c 696 75 5 1,255 362 481 1,120 49 7 l 1,177 409 3,065 104 17 50 3,23<S 656 452 41 3 1 497 231 850 62 6 2 920 6l4 1,097 71 C 1 1,177 706 3,095 137 19 2 3,253 1,318 &16 80 7 1 904 508 39 11,592 5 1,435 10 2,905 10 2,849 32 8,616 14 14 3 26 25 7 34 33 7 74 74 24 7,93^ 6 l 865 634 239 69,053 13 3,659 64 16,915 11 3,674 17 5,262 17 5,263 13 4,099 579 570 1J2. 26 27 9 149 148 45 31 30 9 52 51 14 30 30 13 36 35 10 70,379 27c 3,923 _1J_,_2_57_ 3,744 13_. j / 73 ^5__ 15 17_ €• 2,584 20 20 85 83 30_ 5,379 _523_3_6__ 4 , i 8 o 25 W 6L _2_,63C_ 1,466 40_ _fI963_ 2,923_ 765 8,768 10 7 12 16 36 1,354 4,802 FEDERAL RESERVE AGENTS ' ACCOUNTcs F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 4©,895 2,438 9,593 2,292 3,435 3,712 2,3©5 7,274 1,499 728 1,553 6,695 l 36,3-6 45 s 1,CM 6iQ 740 450 i,4oo 3«5 127 225 __ 2,016 2,466 3,9:o 483 l 2,000 6,15^ 1,3.1c 615 l,4co 1,230 k,6c* 2,484 3,600 7,55^ 1,615 742 1,625 i,4io 5,335 43,©02 r 9,9 $ 3,775 1/ After* deducting lj> *97 million participations of other Federal Reserve Sanks 2/ Includes IMF gold deposit. 3/ After deducting $2C£ million participations of wther Federal Reserve Banks. 2,5«0 * 18 » 735 Less than <P500,.,0\J.
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