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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 13, 1969 H.4.1 The average of daily figures of total reserves of member banks decreased $16 million, in the latest statement week to $27,619 million. Excess and required reserves were about unchanged on average, while member bank borrowings declined moderately. Banks have maintained a somewhat higher level of excess reserves in the past two weeks, reflecting the usual early November increase in these holdings. A seasonal rise in currency in circulation was the major factor draining reserves in the latest week, with an increase in float partially offsetting this drain. System Open Market operations provided nearly $400 million of reserves (net), on a weekly average basis. Maturing repurchase agreements were more than offset by outright purchases of U. S. Government securities by the System Account Manager. Member bank borrowings from the Federal Reserve exceeded excess reserves by $939 million, compared to the revised figure of $1,017 million for the previous week. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Wednesday, Nov. 12, Nov. 5, Nov. 1' Nov. 12, 1969 1969 1968 | 1969_ i Reserve Bank credit: U. S. Government securitiesBought outright — System account Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and advancesMember bank borrowings Other Float Other F. R. assets 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. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves 55,930 67 585 194 + 2,37: 10! 56,297 42 4 1 3 i/ 42 23 1,244 83 10 2,201 2,881 62,380 10,367 6,804 79,552 52,314 670 1,155 137 447 2,139 56,862 22,690 4,929 27,619 27,314 305 + - + 54 64 289 DO- + + + 3 ,632 „ + + + + + - + - + - 4 293 495 3 41 1 16 44 472 179 163 16 11 5 170 666 „ + 18 •+• 3 , 632 + 3 ,000 + + 94 119 5 + + 1i 2J5 - -f 3 ,301 + + + -f - 351 198 549 78] 232 ! 1 | | ! | 1 1,533 2,907 61,475 10,367 6,805 78,647 52,617 669 874 106 448 i 2 5 007 | 56,721 [ 21,927 ! ^,929 ! 26,856 ! 27,314 - 458 NOTE: A net of $181 million of surplus reserves were eligible to be carried forward from the week ended November 5, into the week ending November 12. On November 12, 1969, U. S. Government securities held in custody bv the Federal Reserve Banks for foreign account were $7,555 million, a decreac of million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Nov. TT7 Nov. 12, Nov 1968 1969 1969 s A S S E T S Gold certificate account 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 \J 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 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES £ AIIIAI ACCOUNTS. 10 10,036 * (487) 134 696 - 5 509 + 138 540 19 42 19 —— 21,472 50 + (2,735) 31,357 3,468 56,297 — 56,297 57,035 9,230 (3,222) 2,794 79,342 - (487) 46,283 21,927 (1) (1) ,734) (3,222) 23,355 7,697 • 569 77,904 +1,925 -m +2,933 -2,289 +2,569 — +2,569 +57090 + 736 + 551 ~+~ 458 93 - 485 259 _-. 1 90 83_9 + 670 +4,367 + 464 +2,825 - 964 153 102 + 191 113 874 106 448 551 + 4 67 33 + 8 .+ 233 +1 ,044 _±_ 163 629 +4,265 23 -1,242 + 153 - + 44 Capital paid in 666 -t1 + 32 Surplus 630 + 26 Other capital accounts 142 - 211 Contingent liability on acceptances purchased for foreign correspondents 145 -+ 26 Figures in parentheses are the eliminations made in the consolidating process. j_/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit, MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 12, 1969 (Acceptances and securities held under repurchase agreements are classified aj maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Federal Agency obligations Discounts and advances Holdings Weekly changes Acceptances Within 15 days 691 1,776 -1,399 12 16 days to 90 days 5 +1,162 10,315 30 91 days to 1 year + 280 21,934 Over 1 year to 5 years 12,822 Over 5 years to 10 years -8,776 Over 10 years — 674 Total 696 42 43 56,297 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 12, 1969 Total Boston New York Philadelphia Cleveland Rich mond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account 10,036 848 2,565 586 786 745 402 1,945 427 75 308 203 1,146 F. R. notes of other banks Other cash 487 134 72 5 107 11 19 4 34 12 36 11 46 21 25 12 14 14 16 3 27 10 21 9 70 22 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 696 46 173 76 25 57 123 24 73 52 24 22 42 -- — -- 42 -- ~ -- --- — -- — -- — -- .-- — -- --- --- -- -- -- 21,472 -31,357 3,468 565297 -56,297 57,035 1,096 -1,601 177 2,874 -2,874 2,920 5,330 -7,783 861 13,974 -13,974 14,189 1,115 »1,628 180 2,923 -2,923 2,924 1,659 — 2,423 268 4,350 — 4,350 4,426 1,614 — 2,357 261 4,232 -4,232 4,257 1 ,147 -1 ,675 185 ~~T,007 -3 ,007 3 ,064 944 -1,379 153 2,476 -2,476 2,500 3,052 .. 4,457 493 8,002 -8,002 8,024 Cash items in process of collection 11,965 113 Bank premises 2,794 Other assets _1/ 768 2 127 2,017 9 866 678 2 142 896 5 220 930 11 152 1 ,058 18 154 4,742 19,764 4,355 6,379 6,142 4 ,763 TOTAL ASSETS \J 82,564 --- -- Includes assets denominated in foreign currencies and IMF gold deposited. — — 758 3,507 — -«. 5,122 1 ,106 566 122 9,195 — ~ T ,986 --i ,986 9,195 2 ,010 9,318 596 66 ~~T,070 -1 ,070 1 ,143 842 -1,230 136 2,208 -2,208 2,260 2,123 17 390 593 9 89 451 5 55 774 18 111 651 8 139 1,026 9 349 13,830 3 ,156 1 ,748 3,508 3,531 10,646 408 -„ H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Phila- Clevedelphia land Richmond Atlanta NOVEMBER 12, 1969 Chicago Minneapolis St. Louis Kansas City San Dallas 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 ace:eptances purchased for forei-gn correspondents 46,770 2,671 10,848 2,684 3,833 4,205 2,489 8,261 1,735 795 1,734 1,684 5,831 21,927 874 106 449 23,356 10,431 1,094 27 5 1 1,127 847 6,197 184 1/ 24 2/400 6,805 1,583 799 64 6 1 870 700 1,397 20 10 1 1,428 948 1,063 48 6 13 1,130 690 1,273 48 7 3 1,331 822 3,199 75 16 2 3,292 1,973 736 41 4 1 782 571 518 41 2 3 564 345 941 88 5 3 1,037 655 1,184 77 6 2 1,269 475 3,526 161 15 19 3,721 822 569 81,126 28 4,673 148 19,384 27 4,281 42 6,251 42 6,067 30 4,672 91 13,617 19 3,107 12 1,716 22 3,448 24 84 3,452 10,458 666 630 142 32 31 6 176 160 44 34 33 7 60 56 12 34 33 8 43 40 8 98 93 22 23 22 4 15 14 3 28 27 5 37 36 6 86 85 17 82,564 4,742 19,764 4,355 6,379 6,142 4,763 13,830 3,156 1,748 3,508 3,531 10,646 145 7 3/ 37 8 13 8 9 21 5 3 6 8 20 6,100 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,817 11,260 2,739 4,032 4,301 500 300 510 610 11,000 2,520 3,600 3,769 11,500 2,820 4,110 4,379 1/ After deducting $ 82 million participations of other Federal Reserve Banks, 7/ Includes IMF gold deposit. 3/ After deducting $108 million participations of other Federal Reserve Banks, 2,631 8,483 1,811 826 1,815 1,799 1,000 155 27 -- 5 2,650 7,650 1,700 815 1,875 1,830 6,250 2,650 8,650 1,855 842 1,875 1,835 6,250 —
@FedFRASER