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rf*Zu&tS Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release November 30, 1967 The average of daily figures of total member bank reserves held during the week ended November 29, decreased a net of $10 million to $24,611 million. Estimated currency and coin of member banks increased $212 million and their reserve balances at the Federal Reserve Banks decreased $222 million. Estimated required reserves decreased $116 million; and estimated excess reserves increased $106 million to $323 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $204 million, compared with the revised figure of $90 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks was a decrease of $245 million in Federal Reserve float, and increases of $519 million in Treasury deposits with Federal Reserve Banks, and $258 million in currency in circulation. The principal offsetting changes were an increase of $635 million in U. S. Government securities bought outright, and a decrease of $266 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $306 million. As of Wednesday, November 29, 1967, holdings of U. S. Government securities bought outright were $325 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $42 million higher, and member bank borrowings were $46 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 1Wednesday, Nov. 22, Nov. 30, , Nov. 29, Nov. 29, 1967 1966 i 1967 1967 (In millions of dollars) 48,347 47 +635 - 75 +5,176 - 309 48,501 42 2 1 2 2 3 61 -- + 55 119 59 1,532 50 ,102 12 ,908 6 ,785 69 ,795 -245 +306 + 2 + 3 +311 517 14 - 370 +3,911 - 322 + 544 +4,133 46 ,347 1 ,457 1 ,570 175 432 -345 49, 634 +258 + 6 +519 + 27 - 10 -266 +533 +2,241 + 273 +1,014 + 13 + 15 - 624 +2,930 46,488 1,462 1,768 147 414 -198 50,081 20, 161 4,450 24,611 24,288 323 -222 +212 - 10 -116 +106 +1,203 + 182 +1,385 +1,522 - 137 19,703 5,062 24,765 24,532 233 - 8 - 136 -- 1 1 1,345 50,085 12,909 6,789 69,783 On November 29, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $9,410 million, an increase of $1,004 million for the x^eek and an increase of $1,960 million from the comparable date a year ago. H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Nov. 29, Nov. 22, Nov- 30, 1967 1967 1966 A S S E T S - 12 - 354 10,498 Gold certificate account + 80 1,895 + 5 Redemption fund for F. R. notes * 12,393 - 274 7 Total gold certificate reserves 350 + 57 (502) 7 Cash 136 - 322 Discounts and advances + 46 Acceptances: 5 + + 5 59 Bought outright --77 Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outright+4,023 15,496 Bills + 325 _. --4,351 Certificates -+5,640 26,918 Notes -- 101 6,087 Bonds 48,501 +5,211 325 + Total bought outright - 580 + 42 42 Held under repurchase agreements +4,631 48,543 + 367 Total U. S v Government securities + 420 48,740 +4,239 Total loans and securities - 582 87 7,125 (2,010) Cash items in process of collection + 9 112 + 1 Bank premises - 111 1,734 + 582 Other assets 1/ +4,526 286 70,454 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,512) L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member banks reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL (502) (*) (*) 40,994 + 128 +2,041 19,703 1,768 . + 835 + 610 +1,469 49 + 15 +2,045 + 348 + 30 +4,464 147 414 (2,010) 22,032 5,780 (2,512) 69,107 301 817 28 18 28 - 430 -__ 2_ 332 ACCOUNTS + 24 Capital paid in 592 2 + 19 Surplus 570 + 19 Other capital accounts 185 - 44 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 29.97o .1% - 2.17o Contingent liability on acceptances purchased for foreign correspondents 153 10 50 * Figures in parentheses are the eliminations made in the consolidating process. jL/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. . MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 29, 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 Federal Age ncy obligations Discounts and Holdings Aceeptances 2S advane ( Hi^ekly changes +192 2,237 Within 15 days 12 132 4 16 days to 90 days 47 7,569 +102 --20,998 91 days to 1 year + 75 „ •-« 16,258 Over 1 year to 5 years „ --. -Over 5 years to 10 years 928 Over 10 years — -555 -Total 136 59 48,545 +369 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 29, 1967 [.4.1(b) New York Boston ; Total Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions» of doll ars) A S S E T S 2,481 463 2,944 164 44 583 99 682 20 7 806 152 958 30 44 966 175 1,141 28 21 627 102 729 48 41 1,851 329 2,180 28 64 425 66 491 20 33 157 31 188 12 4 339 72 411 30 17 326 67 393 19 14 1,263 234 1,497 62 39 27 4 6 15 15 27 12 1 10 3 13 -- 59 -- --- --- --- --- --- --- --- --- --- --- 15,496 800 4,037 776 1,172 1,109 820 2,455 553 309 599 656 2,210 -- -- -- -- -- -- -- -- -- -- -- 7,013 1,586 12,636 42 1 ,348 305 2 ,429 2,037 460 3,669 1,926 436 3,471 1 ,425 322 2 ,567 4,265 965 7,685 959 217 1,729 537 121 967 1,041 235 1,875 1 ,139 258 2 ,053 3,838 868 6,916 -- -- -- -- --. -- __ -- -_ -- Total U. S. Government securities 26,918 1 ,390 6,087 314 48,501 2 ,504 .. 42 48,543 2 ,504 12,678 2 ,429 3,669 3,471 2 .567 7,685 1,729 967 1,875 2 ,053 6,916 Total loans and securities 48,740 2 ,507 12,766 2 ,433 3,675 3,486 2 ,582 7,712 1,741 968 1,885 2 ,056 6,929 610 3 72 1,651 10 622 547 2 82 661 5 134 705 7 85 811 20 91 1,483 19 215 456 9 52 312 3 36 587 16 66 490 9 84 822 9 195 72,966 4 ,034 18,201 3 ,773 5,507 5,473 4 ,322 11,701 2,802 1,523 3,012 3 ,065 9,553 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: 3ought 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 Cash items in process of collection Bank premises Other assets ±/ TOTAL ASSETS 1/ 10,498 1,895 12,393 502 350 674 105 779 41 22 136 3 59 — * 2 9,135 112 1,734 Includes assets denominated in foreign currencies and IMF gold deposited. — — H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK NOVEMBER 29, 1967 Total Boston Philadelphia New York Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kans as Dallas City San Francisco (In mil].ions of dollars)i 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 41,496 2,468 9,663 2,396 3,346 3,806 2,354 7,302 1,521 699 1,548 1,385 5,008 19,703 1,768 147 414 22,032 831 73 7 1 912 5,477 829 1/ 43 2/378 6,727 785 56 7 1 849 1,342 82 13 * 1,437 849 104 7 6 966 1,074 82 9 1 1,166 2,785 100 20 1 2,906 736 109 5 1 851 475 44 4 * 523 848 75 6 3 932 1,129 42 8 2 1,181 3,371: 171 18 20 3,582 7,790 574 1,379 442 582 607 703 1,246 374 263 462 411 747 301 71,619 15 3,969 82 17,851 15 3,702 24 5,389 20 5,399 16 4,239 47 11,501 10 2,756 7 1,492 12 2,954 13 2,990 40 9,3-7 592 570 185 29 27 9 154 148 48 31 30 10 53 51 14 31 30 13 37 35 11 86 83 31 20 20 6 14 14 3 26 25 7 34 33 8 77 74 25 72,966 4,034 4,322 _11,701 2,802 1,523 3,012 3,065 9,553 153 7 22 5 4 7 9 20 CAPITALACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 18,201 3,773 _j,,507_ 3/ 40 8 5,47_3 14 8 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 \J 2/ 3>/ 43,285 2,527 10,105 2,464 3,573 3,924 2,454 7,556 1,594 724 1,614 1,501 5,249 6,589 -37.941 450 -2,096 1,000 -9,200 510 -2,000 600 -3,000 595 -3,370 450 -2,050 1,400 — 6,450 317 -1,370 127 -- 225 -- e:.5 180 -1,?80 735 — 5,000 2,546 10,200 2,510 3,600 3,965 2,500 7,850 1,6S7 7i2 1,625 1,500 5,735 44,530 After deducting $104 million participations of other Federal Preserve Banks, Includes IMF gold deposit. After deducting $113 million participations of other Federal Reserve Banks, * Less than $-500,OoO.
@FedFRASER