The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
• • ; < & * & • . FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release October 10, 1968 H.4.Y The average of daily figures of total member bank reserves held during the week ended October 9, increased $67 million to $26,437 million. Required reserves continued to rise, primarily reflecting the increase, on weekly average, in U. S. Government demand deposits in the week following theraid-Septembertax payment. Excess reserves declined to a level of $157 million. A seasonal rise in currency, absorbing reserves, was about offset by a moderate rise in float and a decline in Treasury deposits with F. R. Banks. The System provided reserves, on balance, by adding to its holdings of U. S. Government securities bought outright. Member bank borrowings at the Federal Reserve Banks declined moderately, and borrowings exceeded excess reserves by $245 million, compared with the revised figure of $170 million, the week before. 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 AcceptancesBought outright Held under repurchase agreements Discounts and advances — 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 Total reserves held Required reserves Excess reserves Averages of daily figures Week ended Change from week ended Wednesday, Oct. 9, Oct. 2, Oct. 11, Oct. 9, 1968 1968 1967 1968 (In m i l l i o n s of d o l l a r s ) 53,063 +234 - 63 +5,744 - 237 jI/52,606 | 53 + 4 1 68 54 257 288 - 5 402 -138 + 1,907 55,426 10,367 6,749 72,542 +108 +139 + 5 +144 + 489 +6,179 -2,640 18 +3,521 48,550 736 1,072 156 473 -250 50,787 +248 - 9 -129 + 11 + 24 + 7 +151 +3,143 - 687 + 70 + 29 29 - 343 +2,185 21,755 4,682 26,437 26,280 157 - 7 + 74 + 67 +280 -213 +1,336 + 702 +2,038 +2,130 92 -- i ; j i ! ! 1 1,678 54,626 10,367 6,751 71,744 48,794 795 1,295 112 481 - 258 51,219 20,525 4,682 25,207 26,280 -1,073 NOTE: $41 million, (net) of surplus res iserves were eligible to be carried forward from the week ended October 2, into the week ending October 9. 1/ Reflects $445 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On October 9, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,964 million, an increase of $272 million for the week. 11.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANkS (In millions of dollars) Change since Wednesday Oct. 11, Oct. 2, Oct. 9, 1968 1967 1968 ASSETS -2,481 10,026 Gold certificate account 1/ 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 3/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS 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 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (741) 310 288 54 • 2 26 + -- 52 170 •« 94 36 18,425 683 +3,925 28,424 5,757 2/52,606 + 112 ± 24 - 547 52,606 52,948 7,860 115 2,045 73,304 - 547 - 573 - 859 + 36 -1,398 +2,226 - 864 +5,287 - 636 +4,651 +4,691 + 716 + 4 + 571 4-3,449 42,807 319 +2,610 20,525 1,295 112 481 22,413 6,182 386 71,788 -1,255 + 117 58 + 11 -1,185 - 573 12 -1,451 (1,908) (2,649) (741) (1,908) (2,649) -- - 11 + 381 17 29 + 324 + 300 + 94 +3 ,328 - C A P I T A L _ _C C O U N T S A + 32 1 621 Capital paid in -598 + 28 Surplus 297 -• 52 Other capital accounts + 61 Contingent liability on acceptances purchased for foreign correspondents 121 2 - 6 6 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes amount of gold certificates previously included in ''Redemption fund for F. R. notes.'1 2/ Reflects $445 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes assets denominated in foreign currencies and IMF gold deposited. 4/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 9, 1968 (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 obiigations Holdings Wee kly changes advance*S Ac ceptances 1,714 -471 286 Within 15 days 17 -178 15,174 16 days to 90 days 2 37 -«. -17,220 + 19 91 days to 1 year „ -+ 27 7,652 Over 1 year to 5 years --. 4- 49 10,235 Over 5 years, to 10 years + 7 611 --Over.10 years Total 288 54 52,606 -547 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 9, 1968 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. MinneLouis apolis Kansas City Dallas San Francisco (In millions of dollars) ASSETS Gold certificate account 10,026 574 2,352 657 834 942 483 1,947 381 189 342 309 1,016 F. R. notes of other banks Other cash 741 310 73 18 212 35 44 8 41 42 70 20 62 42 34 48 21 30 27 4 23 20 31 15 103 28 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 288 31 120 2 7 11 28 20 9 30 2 11 17 54 — -- 54 -- -— — -- -— --- — — — — 18,425 958 4,430 946 1,421 1,376 1,004 •- -- -- -- -- -- 1,478 6,835 300 1.384 2,736 12,649 1,459 2,192 2,124 1,549 295 444 430 2,700 4,057 -- -- 2,736 12,649 2,767 12,823 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS -- — — — — — — -— 660 371 764 794 2,662 -- -- -- -- -- 4,688 1,017 949 206 1 ,225 248 3,930 2,867 8,676 1,883 1,059 1 ,178 239 2 ,181 4,107 314 572 116 -- -- -- -- -- -- -- 2,700 2,702 4,057 4,064 3.930 3,941 2,867 2,895 8.676 8,696 1,883 1,892 1,059 1,089 ? ! J-..V-12 ,163 — 28,424 5,757 52,606 -_ -- 52%606 52,948 — — 832 ~T,2o7 7,601 -- -- 2 ,267. 2 ,278 7,601 7,618 623 3 90 1,595 603 2 99 720 5 157 842 10 106 854 19 109 1,581 10 694 18 270 505 8 62 361 3 40 648 19 79 543 9 96 893 9 243 75,953 4 ,148 17,721 4,115 5,863 5,931 4,464 12,594 2,899 1,713 3 ,314 3 ,281 9,910 9,768 115 2,045 i 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 3,039 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 9, 1968 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of do]Liars) 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 acceptances purchased for foreign correspondents 43,548 2,520 9,910 2,473 3,525 3,999 2,349 7,784 1,609 747 1,637 1,519 5,476 20,525 1,295 112 481 22,413 8,090 885 50 5 1 941 593 5,525 168 1/ 30 2/432 6,155 1,178 939 99 6 1 1,045 498 1,424 114 10 -1,548 628 967 134 6 13 1,120 700 1,171 80 7 1 1,259 741 3,036 165 16 1 3,218 1,298 740 79 4 823 401 549 67 3 -619 304 917 157 5 2 1,081 516 1,126 83 6 2 1,217 446 3,246 99 14 28 3,387 787 386 74,437 20 4,074 93 17,336 20 4,036 30 5,731 28 21 5,847 -4,370 63 12,36^ 14 2,847 9 1,679 16 17 3,250 .3,199 55 *9,705 621 598 297 30 29 15 158 154 73 32 32 15 55 54 23 40 38 16 92 87 52 22 20 10 14 14 6 -17,721. 4.115 5.863 -5,931 ,<^.464 12.594 '25*251. 4.148 121 6 3/ 31 6 32 31 21 11 6 8 18 ..».. M322 27 26 11 36 34 12 4,JJUL_ 3,314 •J*2flJ 4 83 79 43 1ham 3 5 7 16 1,727 1,624 5,720 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/ 37 2,631 10,380 2,550 500 300 10,000 2,500 10,500 2,800 3,757 600 4,153 8,005 1,685 780 600 350 1,000 206 77 3,300 3,600 2.200 7.150 1.570 725 l r 775 1.530 6,000 3,900 4,200 2,550 8,150 1,776 802 1,775 1,685 6,000 After deducting $ 82 million participations of other Federal Reserve Banks, Includes IMF gold deposit. After deducting $ 90 million participations of other Federal Reserve Banks. 2,479 155 Less than $500,000.
@FedFRASER