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Factors Affecting Boik Rtstrvfs and Condition Statement of F.R- Banks H.4.1 For immediate release November 20, 1969 The average of daily figures of total reserves of member banks increased (net) $202 million in the latest statement week to $27,898 million. Required reserves increased, primarily reflecting the sharp increase in U. S. Government demand demposits associated with the late October financing. Excess reserves and member bank borrowings from the Federal Reserve declined on average. A seasonal increase in currency in circulation and a decline in Other Federal Reserve Assets were the major factors absorbing reserves in the latest week. A sharp seasonal increase in float partially offset these reserve drains. In addition, System Open Market operations provided over $700 million of reserves (net), on a weekly average basis, through the outright purchase of U. S. Government securities. Member bank borrowings exceeded excess reserves by $996 million, compared to the revised figure of $890 million for the previous week. 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 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 Averages o f daily figures Week ended Change from week ended Wednesday, Nov. 19, Nov. 12, Nov. 20, Nov. 19, 1969 1968 1969 1969 56,745 + -- - + 1,072 2,811 2,380 63,051 10,367 6,809 80,227 52,551 662 1,074 147 436 2,068 56,939 23,289 4,609 27,898 27,822 76 + 3,243 10 — 43 815 67 + - + + + + - + - + + - + + - 1 4 56,803 -- — — — 19 45 172 + 559 653 532 501 593 + 133 + 411 + 4,328 2,962 2,009 62,472 10,367 6,814 79,653 52,655 665 1,099 147 398 2,087 57,051 22,602 4,609 27,211 27,822 1 - 611 -- -- 5 598 237 8 81 10 11 71 77 522 320 202 480 278 + 17 + 4,344 + 3,076 103 + 459 8 7 + 288 + 3,704 + 641 + 297 + 938 + 1,091 - 153 NOTE: A net of $211 million of surplus reserves were eligible to be carried forward from the week ended November 12, into the week ending November 19. On November 19, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,285 million, a decrease of $270 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. 19, Nov. 12, Nov. 20, 1968 1969 1969 A S S E T S Gold certificate account 10 10,036 * 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 1/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (569) 130 653 C A P I T A L C a p i t a l paid i n Surplus 43 + 21,915 + 443 +3,705 31,392 3,496 56,803 + 35 + 28 + 506 +2,686 -1,979 +4,412 -- (2,784) 135 511 16 45 56,803 57,501 10,898 — (569) 46,305 22,602 1,099 147 398 (10) (10) (2,774) 24,246 7,936 (3,353) 79,072 585 -- + 506 + 466 +1 ,608 +4,412 +4,907 +1,119 — 113 1.896 (3,353) 80.574 tiHitiin 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 4 - - 1 898 +LdU - 194 +5.706 + 22 +2,843 + 615 + 225 + 41 50 + 831 + 239 + 16 +1,108 +1,520 + 456 8 26 +1,942 + 624 + 181 +5,590 A C C O U N T S 665 630 207 1 — + + + 42 32 42 f 65 Other capital accounts 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 19, 1969 (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 advances Acceptances Holdings Weekly changes 3,00? Within 15 days 5?5 TZ —+i,22y— - 910 9,405 16 days to 90 days 8 31 23,262 +1,328 91 days to 1 year 11 12,811 Over 1 year to 5 years -1,134 7,642 Over 5 years to 10 years-678 + 4 Over 10 years -56,803 + 506 45 Total 653 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 19, 1969 Total Boston New York Phila- Cleve- Rich mond delphia land Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) ASSETS Gold certificate account F. R. notes of other banks Other cash 10,036 653 2,340 500 854 1,016 572 1,788 316 148 337 394 1,118 569 130 63 4 151 10 18 5 37 13 42 10 54 19 26 14 19 13 17 3 31 9 24 9 87 21 51 13 81 140 10 108 30 10 35 — — — — — — — — -— — — — -- — — — -- — — — — — — 109 65 Discounts and advances 653 Acceptances: 45 — 45 Bought outright — — — Held under repurchase agreements Federal Agency obligations--— Held under repurchase agreements — U. S. Government securities: Bought outright-1,119 5,439 Bills |21,915 — — Certificates — Notes 7,792 31,392 1,603 3,496 Bonds 868 179 Total bought outright 56,803 ! 2,901 14,099 — -— Held under repurchase agreements 56,803 2,901 14,099 Total U. S. Government securities 2,966 14,253 57,501 Total loans and securities Cash items in process of collection ;13,682 Bank premises 113 Other assets _1/ 1,896 TOTAL ASSETS 83,927 i — — — 1,138 — 1,630 182 2,950 -2,950 2,951 1,693 — 2,426 270 4,389 — 4,389 4,440 1,647 — 2,359 263 4,269 — 4,269 4,282 1,171 -1,677 186 3,034 — 3,034 3,115 3,579 — 5,128 571 9,278 — 9,278 9,418 773 — 1,108 123 2,004 — 2,004 2,014 860 -1,231 137 2,228 -2,228 2,258 964 -1,380 154 T ,498 -,498 ~~T 2 ,508 3,115 -4,462 497 8,074 -8,074 8,109 ~T r 849 2 82 2,557 9 647 732 2 93 971 5 147 1,115 11 96 1,216 18 103 2,198 17 247 738 9 57 531 5 39 856 18 70 736 8 93 1,183 9 222 4,619 19,967 4,301 6,467 6,572 5,097 13,708 3,166 1,930 3,579 3 ,772 10,749 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 417 -596 66 ,079 — ,079 1,187 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 19, 1969 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Kansas City Minneapolis 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 46,874 2,688 10,892 2,698 3,856 4,204 2,492 8,279 1,741 797 1,734 1,687 5,806 22,602 1,099 147 408 24,256 10,710 973 66 7 840 67 8 3 918 580 1,538 73 13 1,046 784 6,368 115 1/ 39 2/361 6,883 1,640 1,624 811 1,136 154 8 12 1,310 934 1,372 93 9 2 1,476 1,003 3,334 66 21 5 3,426 1,686 695 94 5 1 795 559 590 43 3 3 639 449 969 106 6 3 1,084 677 1,315 66 8 2 1,391 588 3,472 156 20 16 3,664 999 585 82,425 29 4,547 155 19,570 28 4,224 43 6,334 44 6,492 31 93 5,002 13,484 20 3,115 12 1,897 22 3,517 25 3,691 83 10,552 665 630 207 31 31 10 176 160 61 34 33 10 60 56 17 34 33 13 98 93 33 23 22 6 15 14 4 28 27 7 37 36 8 86 85 26 83,927 4,619 19,967 4,301 6,467 6,572 5,097 13,708 3,166 1,930 3,579 3,772 10,749 145 7 3/ 37 8 13 8 21 5 3 6 8 20 1,815 1,816 6,125 * -- 43 40 12 9 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 48,964 2,810 11,448 2,751 4,059 4,308 3,287 180 500 300 510 610 47,126 50,413 2,667 2,847 11,200 11,700 2,620 3,600 2,920 4,110 3,769 4,379 1/ After deducting $108 million participations of other Federal Reserve Banks. 7/ Includes IMF gold deposit. 3/ After deducting $108 million participations of other Federal Reserve Banks. 2,623 2,750 2,750 —83I~ 8,552 1,826 1,000 155 27 7,950 8,950 1,750 1,905 815 842 * Less than 5 1,875 1,875 $500,000. 1,880 1,885 6,250 6,250
@FedFRASER