The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
#3SSi&-. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 2, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended November 1, increased $195 million to $24,756 million. Estimated currency and coin of member banks increased $126 million and their reserve balances at the Federal Reserve Banks increased $69 million. Estimated required reserves increased $12 million; and estimated excess reserves increased $183 million to $375 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $295 million compared with the revised figure of $134 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks was an increase of $122 million in U. S. Government securities bought outright, and decreases of $158 million in Treasury deposits with Federal Reserve Banks, and $88 million in currency in circulation. The principal offsetting change was a decrease of $275 million in Federal Reserve float. Total Reserve Bank credit decreased $130 million. As of Wednesday, November 1, 1967, holdings of U. S. Government securities bought outright were $443 million higher than a week earlier, and member bank borrowings were $87 million higher. 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 obligationsHeld 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, Nov. 1, Nov. 2, Oct. 25, Nov. 1, 1967 1966 1967 1967 (In millions of dollars) 47,220 +122 53 80 + 22 1,289 48 ,643 12 ,978 6 ,789 68,411 -275 -130 - 29 - 3 -162 45,341 1,485 929 124 462 -210 48 ,132 - 88 + 3 -158 + 5 + 7 20 ,279 4 ,477 24,756 24,381 375 + 69 +126 +195 + 12 +183 -230 +4,262 - 61- 47,556 2 22 54 514 16 481 +3 ,171 - 279 + 622 +3,515 151 1,366 49,127 12,909 6,778 68,814 +2,252 + 331 + 124 32 + 27 - 177 +2 ,526 45,472 1,475 908 131 473 -210 48,249 + 989 + 387 20,565 4,751 25,316 24,622 694 +1,376 +1,280 + 96 On November 1, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,871 million, an increase of $97 million for the week and an increase of $617 million from the comparable date a year ago. H.4.1 (a) CONSOLIDATED STATEMEET OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Wednesday, Change since Oct. 25, Nov. 2, Nov. I, 1966 1967 A S S E T S - 95 - 430 10,543 Gold certificate account 64 1,866 + 4 + Redemption fund for F. R. notes ™ ~3SF ~ -91 "12,409 Total gold certificate reserves 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 l/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (630) (1,955) (2,585) 60 - 694 361 151 1 + 87 + 54 + •- -.. 14, 737 +443 26,198 L£2I .--- 47 ,556 +443 47 .556 47 ,761 7 ,476 111 1 ,738 +443 +530 +507 H J356 - -- -- + 49 +994 - 3 19 +3 ,307 -4 ,366 +5 ,185 + 183 +4 ,309 302 +4",007 +3 ,297 + 210 7 + + 297 ±1,J0J L I A B I L I T I E S +1,996 + 59 40,030 (630) Federal Reserve notes Deposits: + 679 +495 20,565 Member bank reserves + 194 26 908 U. S. Treasurer--general account 44 2 131 Foreign + 43 + 12 473 Other 2/ +~" 872 +479 "22",077 Total deposits +398 + 554 ,110 6 (1,955) Deferred availability cash items + 19 286 + 26 Other liabilities and accrued dividends ,448 +3 +955 ,503 68 (2,585) TOTAL LIABILITIES CAPITAL ACCOUNTS + 24 + 1 590 Capital paid i n -+ 19 570 Surplus + 38 193 + 14 Other capital accounts Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) -.3% - 2 4% 30.5% Contingent liability on acceptances purchased 71 - 15 161 for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes assets denominated in foreign currencies and IMF gold deposited. £/_Includes IMF gold deposit, MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER U 1967 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and Federal Agency obligations Holdings' Weekly changes advances Within 15 days 8,987 +67939 "'148"" 16 days to 90 days -7,011 6,460 3 91 days to 1 year + 515 15,781 Over 1 year to 5 years 14,910 Over 5 years to 10 years 883 Over 10 years 535_ Total + 443 47 ,"556 151 54 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 1, 1967 H.4.1(b) Total Boston New York Philadelphia Richmond Atlanta Chicago St. Louis Minne- Kansas apolis City Dallas 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 obligationsHeld under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreements 10,543 1,866 12,409 630 361 676 105 781 72 21 2,391 455 2,846 640 96 736 824 147 971 954 165 1,119 204 43 33 8 39 47 151 2 54 1 54 — 762 14,737 -« -26,198 1 ,355 342 6,621 47,556 \l ,459 -— 47,556 1,888 330 2,218 38 63 332 66 398 35 22 546 103 649 57 43 Vr 1 1 — -- --- --- 3,771 -6,704 1,695 12,170 -- 738 -1 ,312 332 2 ,382 -- 1,129 -2,007 507 3,643 -- ,459 12,170 2 ,382 47,761 2 ,461 12,278 9,431 111 1,738 671 3 74 4 ,083 — — 54 — 23 34 221 32 253 20 6 395 72 467 26 16 14 10 3 --- — -- --- 1,060 -1,885 476 3,421 -- 789 -1,401 354 2,544 -- 2,432 -4,324 1,093 7,849 -- 3.643 3.421 2.544 2 ,383 3,643 3,422 1,670 10 623 568 2 78 690 5 128 17,674 3 ,808 5,523 1,305 229 1,534 27 371 66 437 20 15 * — -- --- — -- --- 525 -934 236 1,695 -- 291 -518 131 940 -- 551 -978 247 1,776 — 624 -1 ,109 280 2 ,013 -- 2,065 — 3,671 928 6,664 -- 7.849 1,695 940 1.776 2 .013 6.664 2,545 7,863 1,705 943 1,803 2 ,013 6,702 730 7 91 793 20 88 1,604 19 227 475 9 53 315 3 34 596 15 63 496 9 79 823 9 200 5,426 4,195 12,032 2,697 1,574 2,986 3 ,069 9,374 63 43 38 — Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets JL/ ! u 72,441 i J7 Includes assets denominated in foreign currencies and IMF gold deposited, San Francisco (In millionss of doll.ars) A S S E T S TOTAL ASSETS Cleveland * Less than $500,000, II.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK NOVEMBER 1, 1967 Total Boston New York Philadelphia Cleveland RichAtlanta Chicago mond St. MinneLouis apolis Kansas City Dallas 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 ziccount Foreign Other Total deposits Deferred availability cash items Other liabilities and accnled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for foreign correspondents 40,660 2,406 9,454 2,318 3,262 3,735 2,290 7,209 1,490 693 1,531 1,354 4,918 20,565 908 131 473 22,077 8,065 901 52 6 1 960 5,801 135 1/ 35 2/395 6,366 903 47 7 8 965 632 1,069 41 8 1 1,119 688 574 846 77 6 2 931 1,315 714 59 4 1 778 373 521 50 3 1,428 1,419 66 12 2 1,499 622 3,104 135 19 1 3,259 637 851 72 7 2 932 473 269 455 1,150 50 7 1 1,208 420 3,286 124 17 59 3,486 753 286 71,088 15 4,018 74 17,322 14 3,737 22 5,405 20 5,352 15 4,112 47 11,830 10 2,651 6 1,542 11 2,928 12 2,994 40 9,197 590 570 193 28 27 10 154 148 50 31 30 10 53 51 14 31 30 13 37 35 11 86 83 33 20 20 6 14 14 4 26 25 7 34 33 8 76 74 27 72,441 4,083 17,674 3,808 _5,_523_ 5,426 4,195 12,032 2,697 1,574 2,986 3,069 9,374 161 8 8 10 23 6 4 7 9 21 3/ 42... 8 15 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral .1/ .2/ .3/ 2,546 9,963 2,377 3,482 3,857 2,396 7,451 1,579 723 1,598 1,459 5,152 1,000 490 600 740 450 1,400 317 127 225 180 735 9,200 10,200 2,000 2,490 3,000 3,600 3,160 3,900 2,050 2,500 6,450 7,850 1,370 1,687 625 752 1,400 1,625 1,330 1,510 4,600 5,335 After deducting $ 96 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $119 million participations of other Federal Reserve Banks. • Less than $500,000.
@FedFRASER