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>:$£g&ti>. ''•f^mt' FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 24, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended November 22, decreased a net of $69 million to $24,606 million. Estimated currency and coin of member banks increased $29 million and their reserve balances at the Federal Reserve Banks decreased $98 million. Estimated required reserves increased $217 million; and estimated excess reserves decreased $286 million to $219 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $92 million, compared with the revised figure of $343 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $35 million in member bank borrowings, and $31 million in U. S. Government securities held under repurchase agreements, and increases of $211 million in currency in circulation, and $161 million in "other" F. R. accounts (net). The principal offsetting change was an increase of $280 million in Federal Reserve float. Total Reserve Bank credit increased $216 million. As of Wednesday, November 22, 1967, holdings of U. S. Government securities bought outright were $463 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $112 million lower, and member bank borrowings were $56 million lower. Outright holdings of bills, notes, and bonds increased $277 million, $114 million, and $72 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 obligationsHeld 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 Average. of daily figures Week ended Change from week ended Wednesday, Nov, 22, Nov. 15, 1 Nov. 23, Nov. 22, 1967 1 1966 1967 1967 (Iri millions of dollars) 47,712 48,176 - 1 - 31 +4,753 + 104 + 1 + 3 54 _„ — 2 33 54 -- + - 127 - 35 - 312 90 -- -- 16 -- 1,767 49,786 12,906 6,782 69,474 +280 +216 - 1 - 683 +3,819 - 351 + 552 +4,020 1,490 49,810 I 12,909 1 6,782 i 69,501 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) 46,089 1,451 1,051 +2,213 + 271 + 344 | 46,343 1 1,457 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 49,101 +211 - 19 - 45 + 15 - 9 +161 +312 - 98 + 29 - 69 +217 -286 +1,497 + 186 +1,683 +1,648 + 35 122 3 148 442 -79 20,372 4,234 24,606 24,387 219 -- +215 -— -- 933 175 432 -- + 33 - 337 +2,522 - 352 | 48,988 I 20,513 4,729 25,242 24,393 849 On November 22, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,406 million, an increase of $373 million for the week and an increase of $1,107 million from the comparable date a year ago. H.4.1 (a) CON^OtiDATfcd STATEMENT OF COND ttioN OF AtL FEDERAL RfeJERVfc BANKS (In millions of dollars) Wednesday; Change since Nov.22, Nov.15, Nov.23, 1967 1966 1967 A S S E T S Gold certificate account Redemption ^und for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld 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 10,510 1,890 12,400 (451) Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 357 90 __ -- 54 -- 7,700 111 1.845 70,733 904 + 525 -- + 8 + 417 + 719 - 197 +5.831 40,866 4- 297 20,513 933 175 432 22,053 6,210 303 69,432 + 542 +2,520 26,918 6,087 48,176 __ (2,054) (2,505) 3 32 48.176 48,320 -- (451) -1- - 277 +4,155 -- -4,351 -;- 114 +5^.640 +_ 12 - 101 + 463 +5,343 - 112 - 129 + 351 +5.214 + 290 +4,883 15,171 (2,054) Cash items in process of collection Bank premises Other assets J7 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2, 505) 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/ 1 - 439 2 •1- 77 3 - 362 3 + 58 56 - 302 250 35 24 303 - 855 !- 19 - 236 - + • • ; - +2,037 + + 408 29 ± m +2,985 + 690 + 66 +5,778 C A P I T A L ACCOUNTS. __ + C a p i t a l paid in 23 590 Surplus -- + 570 19 Other capital accounts 39 + 11 141 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on .27o - 2.4% the following pages--not consolidated) 30.0% Contingent liability on acceptances purchased 3 43 for foreign correspondents 163 * 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, NOVEMBER 22,1967 (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 Agenicy obligations /Jeekly changes Holdings advances Acceptances Within 15 days 10 85 2,045 - 83 16 days to 90 days 44 7,467 -1-827 5 --• 91 days to 1 year -584 20,923 Over 1 year to 5 yearss -• -hi 21 16,258 Over 5 years to 10 years -« ars 928 + 45 Over 10 years «--555 -I- 20 Total 90 54 48,176 +346 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 22, 1967 H.4.1(b) Total Boston New York Philadelphia F. R. notes of other Banks Other 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 Held under repurchase agreements Richmond Atlanta Chicago St. Louis San Francisco Minneapolis Kansas City Dallas 173 31 204 12 5 405 72 477 25 16 278 67 345 18 14 1,555 — w. (In millions. of• dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleveland 10,510 1,890 12,400 681 105 786 2,873 451 357 39 23 145 45 621 98 719 17 8 90 1 60 54 -- --- 759 15,171 --26,918 1 ,347 6,387 305 48,176 2 ,411 637 103 740 50 42 1,758 27 45 811 168 979 28 21 26 64 347 66 413 16 33 1 1 3 1 11 2 2 8 -— 54 -- --- --- -— -_-- -- __ -- --- __ — -- 3,828 760 -- 1,094 1,145 803 2,520 541 303 587 642 1,940 2,409 464 1,069 152 1,221 330 2,088 -_ 1,321 234 48 41 --. ... -- -- -- -- — «. «... •• •• — .. 2,189 m. • -- ._ 1 ,348 305 2 ,413 -- Total U. S. Government securities: 48,176 2 ,411 12,157 2 ,413 3,474 3,637 2 ,550 8,003 1,717 961 1,863 2 ,039 6,952 Total loans and securities 48,320 2 ,412 12,271 2 ,414 3,374 3,640 2 ,551 8,014 1,719 963 1,871 2 ,039 6,952 667 3 77 1,696 585 2 84 719 4 143 773 7 89 874 20 98 1,561 10 653 19 233 507 9 56 321 3 40 599 16 70 564 9 97 888 9 ?10 73,238 4 ,007 17,693 3 ,829 5,633 5,537 4 ,375 12,005 2,753 1,548 3,074 3 ,081 9,703 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 17 -- 9,754 111 1.845 6,793 .1,536 12,157 439 460 3,473 -- 3,637 -- 1 ,425 322 2 ,550 -- Includes assets denominated in foreign currencies and IMF gold deposited. 2,032 1,041 -- 537 121 961 -- 4,472 1,011 8,003 1,717 -- 959 217 3,885 -- 1 ,139 258 2 ,039 -- 235 1,863 878 6,952 -- STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 2 2 , 1967 H.4.1(c) Total ;Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kans as Dallas City San Francisco (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member banks reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accriled 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 correspondents 41,317 2,455 9,653 2,382 3,330 3,779 2,327 7,293 1,514 696 1,537 1,374 4,977 20,513 933 175 432 22,053 802 26 7 1 836 5,605 221 1/ 64 2/383 6,273 1,348 6 1,003 663 1,124 55 9 2 1,190 761 2,981 156 22 1 3,160 1,310 756 42 5 1 804 380 505 33 4 638 1,458 62 13 1 1,534 633 926 63 8 8,264 829 30 8 2 869 495 542 274 876 110 7 1 994 475 1,083 46 9 1 1,139 483 3,568 89 19 33 3,709 804 303 71,937 15 3,944 80 17,354 15 3,761 22 5,519 22 5,467 16 4,294 49 11,812 10 2,708 6 1,518 12 3,018 12 3,008 44 9,534 590 570 141 29 27 7 154 148 37 31 30 7 53 51 10 30 30 10 37 35 9 86 83 24 20 20 5 14 14 2 26 25 5 34 33 6 76 74 19 A>°_27 _17,693 3,829 5,633 5,537 4,375 12,005 2,753 1,548 3,074 3,081 9,703 4 7 9 21 73,238 163 8_ 3/ 42 9_ 15 8_ 10 24_ 1 FEDERAL RESERVE AGENTS F . R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F . R. n o t e s Gold c e r t i f i c a t e a c c o u n t E l i g i b l e paper U. S, Government s e c u r i t i e s Total y 2LI y collateral 2,507 10,096 2,430 3,549 3,890 ACCOUNTS 7,531 1,588 717 1,600 1,489 5,215 450 1,000 510 600 595 450 1,400 317 127 225 180 735 2.096 9.200 2,000 3,000 3,340 2,050 6,450 1,370 625 1,400 1,330 4,600 2,546 10,200 2,510 3,600 3,935 2,500 7,850 1,687 752 1,625 1,510 5,335 After deducting $ m million participations of other Federal Reserve Banks, Includes IMF gold deposit. After deducting $ 121 million participations of other Federal Reserve Banks. 2,420 6_ * Less than $500,000.
@FedFRASER