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FEDERAL *-rf*Zu&iy RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release November 9, 1967 The average of daily figures of total member bank reserves held during the week ended November 8, increased a net of $62 million to $24,760 million. Estimated currency and coin of member banks decreased $387 million and their reserve balances at the Federal Reserve Banks increased $449 million. Estimated required reserves decreased $54 million; and estimated excess reserves increased $116 million to $394 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $262 million, compared with the revised figure of $198 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $490 million in U. S. Government securities bought outright, $141 million in U. S. Government securities held under repurchase agreements, and $83 million in Federal Reserve float. The principal offsetting change was an increase of $222 million in currency in circulation. Total Reserve Bank credit increased $781 million. As of Wednesday, November 8, 1967, holdings of U. S. Government securities bought outright were $157 million higher than a week earlier, and member bank borrowings were $18 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government s e c u r i t i e s Bought outright--System account Held under repurchase agreements Federal Agency o b l i g a t i o n s Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and a d v a n c e s Member 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. 8, Nov. 9, Nov. 1, NaV. 8, 1967 1966 1967 1967 (Iri millions of dollars) 141 -1-490 +141 +4,429 52 14 + 14 14 54 + 47,710 — 1 + 52 __ 1,372 49,424 12,907 6,777 69,107 -- 45,563 1,474 928 127 470 -184 48,379 20,728 4,032 24,760 24,366 394 + 83 -1-781 - 71 - 12 +696 -- 1 22 54 514 15 - 518 +3,324 - 351 169 + -- 132 47,713 -- - -- 1,085 49,021 12,909 6,781 68,711 -i- 592 +3,564 +222 - 11 - 1 •!• 3 :-2,157 + 311 + 188 + 8 + 26 +247 + 35 - 201 +2,457 45,853 1,477 599 | 137 474 -231 48,309 +449 -387 + 62 - 54 +116 +1,108 -!- 297 +1,405 +1,389 ! 20,402 4,402 24,804 24,283 + 1 35 16 521 On November 8, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account ^ere $7,831 m i l l i o n , a decrease of $40 million for the week and an increase of $618 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (tn millions of dollars) Change Wednesday Nov. 8, Nov. 1, 1967 1967 A S S E T S 10,541 Gold certificate account 2 1,367 + 1 Redemption fund for F. R. notes Total gold certificate reserves 1 12,408 3 358 (493) Cash * 18 169 Discounts and advances Acceptances: __ Bought outright 54 --Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought fcutright — Bllls 14,894 + 157 Certificates ---Notes 26,198 -6,621 Bonds 47,713' + 157 Total bought outright Held under repurchase agreements + 157 47,713 Total U. S, Government securities + 175 47,936 ,.*•• • Total loans and securities Cash items in process of collection (1,794) 6,921 Bank premises 111 1,801 Other assets 1/ TOTAL ASSETS/LIABLITIES & CAPITAL ACCOUNTS (2,287) 69.535 L I A B I L I T I E S Federal Reserve notes (493) 40,406 Deposits: Member bank reserves 20,402 U. S. Treasurer—genera! account 599 Foreign 137 Other 474 ll Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L Capital paid in Surplus (1,794) 21,612 5,836 289 (2,287) 68,143 since Nov. 9, 1966 - 432 + 68 - 364 •:- 63 - 383 + 3 19 +3,430 -4,366 +5,185 + 183 +4,432 +4,432 44.033 + 112 + 7 + 63 + 332 - 32_1_ +4.183 - 555 -- + 376 +1,903 - 163 - 309 +2,167 - 192 11 + 40 +2,004 + 168 + 47 +4,122 + 6 + 1 - 465 - 274 + 3 - 360 A C C O U N T ^ 590 570 232 -. » -- + + + 24 19 18 + 39 Other capital accounts Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages — not consolidated) 2.3% ,2% 30.3% Contingent liability on acceptances purchased for foreign correspondents 54 164 + Figures in parentheses are the eliminations made in the consolidating process 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Inc1udes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 8, 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 Agency obligations Discounts and Acceptances Holdings Weekly changes. advances Within 15 days 165 8,308 - 679 9 16 days to 90 days 4 +1,186 45 7,646 91 days to 1 year - 350 15,431 Over 1 year to 5 years 14,910 Over 5 years to 10 years 883 Over 10 years 535 Total T69 54 47,713 157 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 8, 1967 H.4.1(b) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minne- Kansas apolis City Dalias San Francisco (In millions! Of doll.ars) A S S E T S 10,541 1,867 12,408 641 105 746 2,594 454 3,048 734 98 832 698 147 845 825 164 989 535 103 ',638 1,675 330 2,005 414 66 480 198 32 230 345 72 417 336 66 402 1,546 230 1,776 F. R. notes of other Banks Other cash 493 358 151 42 22 8 28 46 27 22 52 42 26 66 53 43 25 13 3 12 1 95 16 5 6 16 14 169 16 33 6 25 16 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 61 21 2 5 1 -- __ -- 54 __ -- __ -- __ -- __ -- __ -- __ -- ... -- _— «• a» .. -- -- -- -- 14,894 770 3,623 746 1,185 1,132 835 2,458 531 294 602 631 2,087 «- -- -- -- -- -- — -- -- -- -- 26,198 6,621 47,713 1 ,355 342 2 ,467 6,371 1,610 11,604 1,312 332 2,390 2,085 527 3,797 1,992 503 3,627 1,469 371 2,675 518 131 943 1,058 268 1,928 1 ,109 280 2 ,020 3,671 928 6,686 -- -- -- -- -- -- -- -- ... Total U. S. Government securities 47,713 2 ,467 11,604 2,390 3,797 3,627 2,675 7,875 1,701 943 1,928 2 ,020 6,686 Total loans and securities 47,936 2 ,469 11,683 2,403 3,800 3,639 2,676 7,970 1,707 949 1,933 2 ,021 6,686 8,715 111 1,801 606 3 77 1,401 10 632 568 2 83 633 5 137 715 7 96 767 20 93 1,410 19 237 451 8 55 304 3 35 555 16 67 464 9 82 841 9 207 71,822 3 ,983 16,967 3,918 5,494 5,495 4,288 11,733 2,750 1,542 3,029 3 ,008 9,615 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS \J 54 --- — — Includes assets denominated in foreign currencies and IMF gold deposited. — — 4,324 13093 7,875 — 934 236 1,701 — H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 8, 1:9.67 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kans as 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 account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Sux-plus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 40,899 2,413 9,530 2,339 20,402 599 137 474 21,612 909 25 6 1 941 5,254 1 1/ 41 2/380 5,676 868 35 7 1 911 7,630 548 1,326 581 552 289 14 73 14 70,430 3,916 16,605 590 570 232 28 27 12 71,822 164 3,282 3,759 2,310 7,228 1,498 694 1,536 1,365 4,945 1,449 983 54 52 12 7 - - 9 1,515 1,051 1,132 73 8 2 1,215 2,976 82 19 2 777 47 4 3,079 828 526 17 3 1 547 885 78 6 2 971 1,123 35 7 2 1,167 3,520 100 17 74 3,711 587 662 1,170 366 263 450 387 738 23 22 16 48 10 6 12 12 39 3,845 5,372 5,419 4,203 11,525 2,702 1,510 2,969 2,931 9,433 154 148 60 31 30 12 53 51 18 31 30 15 37 35 13 86 83 39 20 20 8 14 14 4 26 25 9 34 33 10 76 74 32 3,983 16,967 3,918 5,494 5,495 4,288 11,733 2,750 1,542 3,029 3,008 _.9.,_615 8 3/ 43 8 15 10 24 6 4 7 10 21 8_ 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/ 1_! V 42,559 2,477 9,961 2,377 3,492 3,854 2,408 7,438 1,572 7 20 1,601 1,468 5,191 6,664 450 1,000 510 600 670 450 1,400 317 127 225 180 735 37,371 2,096 9,2.55 2,000 3,000 3,250 2,050 6,455 1,370 625 1,455 1,330 4,655 44,035 2,546 10,200 2,510 3,600 3,920 2,500 7,850 1,687 752 1,625 1,510 5,335 After deducting $ 96 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $121 million participations of other Federal Reserve Banks. Less than $500,000.
@FedFRASER