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 13, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended October 11, decreased $236 million to $2^-, 4l8 million, Estimated currency and coin of member banks decreased $217 million and their reserve balances at the Federal Reserve Banks decreased $19 million. Estimated required reserves decreased $111 million; and estimated excess reserves decreased $125 million to $296 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $151 million, compared with the revised figure of $277 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks was a decrease of $104 million in Federal Reserve float, and increases of $300 million in currency in circulation, and $136 million in Treasury deposits with Federa.1 Reserve Banks. The principal offsetting changes were increases of $3^3 million in U. 3. Government securities bought outright, and $237 million in U. S. Government securities held under repurchase agreements. Total Reserve Bank credit increased $ W 9 million. As of Wednesday, October 11, 1967, holdings of U. S. Government securities bought outright were unchanged from a week earlier, U. S. Government securities held under repurchase agreements were $636 million higher, and member bank borrowings were $20 million lower. 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 obligations— Held 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 (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Average of daily figures _ Wednesday, Change from week ended Week ended "Oct. k, I Oct. 12, Oct. 11, Oct. 11, 1967 1967 I 1966 1967 (In millions of dollars) +4,350 + 237 ; 47,319 7 36 1- 3 + 24 54 94 1,391 49,222 13,007 6,767 68,996 1 — -104 +449 + 1 + 4 +454 - 783 19 - ^89 +3,331 - 251 + 646 +3,726 118 -1,262 49,519 13,009 6,778 69,306 45,407 1,473 1,002 127 502 93 48,602 +300 - 27 +136 + 2 + 25 + 39 +472 +2,179 + 374 + 322 30 + 57 + l + 2,901 45,625 l, 490 i 91^' I 129 510 102 48,770 20,394 4, 024 24,4i8 24,122 296 - 19 -217 + 824 + 236 4i,c6o +1,177 - 117 20,536 t 4,639 47,319 237 7 54 68 1*4-5 +343 +237 + 7 + 1 - 38 + ":236"-ill -125 636 i 25,175 ! 24,598 577 On October 11, 1967, U. S. Government securities held in custody b y the Federal Reserve Banks for foreign ac count were $7,536 million, a decrease of $35 million for the week and an increase of $2*1-9 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 Oct. 11, 1967 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves (574) 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 h I it Ik IL I 1 I V 1 Federal Reserve notes Deposits: M e m b e r bank reserves U. S. T r e a s u r e r — g e n e r a l Foreign (574) - 322 -:- 56 - 266 -:- 52 - 340 54 94 - 40 3 52 36 •:• 36 36 14,500 -- -1-3,484 -4,366 •:-5,l85 -:- 183 •:-4,486 •:- 636 -:-5,122 -1-4,873 (1,798) D e f e r r e d availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES :-636 -1-636 -:-612 •:- 25 -:-3Q7 -:- 107 -:7 -:- 83 •:-4,856 40,197 :-323 -:-2,00l 20,536 -321 •:-389 - 5 •:- 32 :• 95 -:-2,073 -:- 196 -165 -;- 13 •:-266 -:- 469 -:• 38 •:-4,743 5,882 292 68,460 C A P I T A L ACCOUNTS Capital paid in Surplus Other capital accounts -- -334 22,089 deposits -:- 7,144 111 1,474 69.855 914 129 510 account Other 2/ Total 2 2 6 20 10,638 1,869 12,507 362 118 26,198 6,621 47,319 636 47,955 48,257 Cash items in process of collection (1,798) Bank premises Other assets 1/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS. (2,372) Change since Oct. 4, , Oct. 1 2 , 1966 1967 589 570 236 5 29 !-2,235 __ - -- 23 19 71 •:- 41 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on 2.i?; 30.7% the following pages--not consolidated) Contingent liability on acceptances purchased 47 11 187 for foreign correspondents * 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, OCTOBER 11, 1967. (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advance Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 115 3 --_118 U. S. Government securities and Federal Ag<2ncy obligations Weekly changes Ac(leptances Holdings -:-728 2,353 105 - 37 13,940 43 - 19 15,370 •-14,910 m<m --. " 148 883 535 47,991 — ._._."_ -1-672 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 11, 1967 H. 4.1(b) Total Boston Philadelphia New York Richmond Atlanta Chicago St. Louis (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleveland 10,638 658 1,869 105 1 12,507 i 763 65 13 5 7 980 163 1,1^-3 637 103 740 1,775 331 2,106 418 2,461 920 148 1,068 27 1)8 37 22 55 44 29 64 2 * 14 17 k56 F. R. notes of other Banks Other cash 57^ 362 1 18 189 42 26 7 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Rotes Bonds Total Held under repurchase agreements 118 1 3 11 1 5^ i! 9h 445 73 23 33 199 32 231 17 5 552 96 648 2,005 5h 9h - -- • r~ San Minne-j Kan &?} s jL&llas Franapolis City , CISCO 1 J " 66 484 518 27 17 -- 298 3,586 -6 , ij.79 1,638 11,703 636 769 -1,390 351 2,510 -- 1,107 -2,001 505 3,613 -- 1,064 -1,922 486 3,^2 -- 784 -1,416 357 2,557 -- 1,111 7,939 -- 517 -933 236 1,686 -- Total U. S. Government securities V7.955 2,44-2 12,339 2,510 3,613 3,472 2,557 7,939 1,686 9 7 3 _ l,8t)2 Total loans and securities li8,257 2, 445 12,534 2,511 3,615 3,472 2,571 7,956 1,699 978 577 3 61 1,539 10 551 545 2 67 605 5 106 709 7 76 793 20 72 1,508 19 188 MS 9 43 72,227 3,932 17,326 3,806 5, hjk 5,466 4,295 11,870 2,764 TOTAL ASSETS MTM 20 17 59 ^5 1 44 1,857 -- 36 36 8,9^-2 ill 1,627 230 - 7^8 1 1^500 i 1 j 26,198 j 1,352 ; 6,621 : 3^-2 ^•7,319 2, 442 -1 636 Cash items in process of collection Bank premises Other assets 1 / 422 66 488 2,433 • -- K 395 -- 539 136 973 -- 564 -1,020 258 1,BS2~~ -- 6i4 2,016 --3,642 1 ,109 280 921 2.,003" -K7575 --,003 6,579 1,849 2,,004 6,623 304 3 28 571 15 52 461) 9 65 854 9 165 1,566 3,049 3,,067 9,612 * Less than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ONOCT.CBER 11, 1967 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis San Kansas] City Dallas: Fran- i CISCO (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 acceptances purchased for foreign correspondents 40,771 2,422 9,470 2,327 3,278 3,722 2,288 7,254 1,494 699 20,536 914 129 510 22,089 860 31 6 1 898 5,618 34 1/ 33 2/405 6,090 875 42 6 1 924 1,415 52 11 .1 1,479 912 110 7 10 1,039 1,092 108 8 3 1,211 3,052 63 19 3 3,137 770 64 5 839 516 47 3 2 568 7,680 531 1,319 467 574 608 696 1,225 373 85 14 3,865 16,964 14 3,732 21 5,352 20 5,389 46 15 4,210 11,662 292 70,832 1,535 1,354 4,928 843 133 6 3 985 1,160 68 8 1 1,237 3,423 162 17 80 3,682 261 458 387 781 10 2,716 6 1,534 11 2,989 12 2,990 38 9,429 589 570 236 28 27 12 153 148 61 31 30 13 53 51 18 31 30 16 37 35 13 86 83 39 20 20 8 14 14 4 26 25 9 34 33 10 76 74 33 72,227 3,932 17,326 3,806 5,474 5,466 4,295 11,870 2,764 1,566 3,049 3,067 9,612 3/48 10 17 10 12 27 11 24 137 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/ 3/ 2,504 9,900 2,365 3,479 3,832 2,384 7,469 1,568 728 1,595 1,451 5,158 450 1,000 490 600 740 450 1,400 317 127 225 180 735 2,096 2,546 9,000 10,000 2,000 2,490 3,000 3,600 3,160 3,900 2,050 2,500 6,450 7,850 1,370 1,687 625 752 1,400 1,625 1,330 1,510 4,600 5,335 After deducting $ 96 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $139 million participations of other Federal Reserve Banks. Less than $500,000
@FedFRASER