The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL *f«AEu&: RESERVE Jactors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release October 16, 1969 H.4.1 The average of daily figures of total reserves of member banks increased $195 million (net) in the latest statement week to $27,350 million. Required reserves, excess reserves and member bank borrowings all increased from their average levels of the previous week. Increases in currency in circulation and Treasury deposits with Federal Reserve Banks, which drained reserves, were the major factors affecting reserves in the latest week. Float declined seasonally, adding to the reserve drain. System Open Market operations provided over $500 million of reserves, on a weekly average basis, through the outright purchase of U. S. Treasury bills and the replacement of maturing repurchase agreements. Member bank borrowings were somewhat higher than the average level of recent weeks. In part, this may reflect the effects of the closing of several Federal Reserve Banks in observance of the Columbus Day holiday. Borrowings exceeded excess reserves by $1,190 million compared to the revised figure of $864 million JEor the previous week. 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 obligations-Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Discounts and advances— Member bank borrowings Other Float Other F. R. assets 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. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves Average>s c f daily figures Week ended Change from week ended Wednesday, October 15, October 8, October 16, October 1. 1968 1969 1969 1969 54,566 313 + + 536 12 34 43 + 1,169 + 217 + 54,874 434 40 90 14 18 40 47 41 33 + - 3 2 1,348 + 384 + 832 1,186 2,122 3,185 61,651 10,367 6,779 78,797 51,845 _ - 191 39 670 + 106 + 1,084 + 3,415 — + 25 + 3,440 + 3,081 110 + 124 2,065 3,160 61,896 10,367 6,781 79,044 51,974 + — - 1,104 + + + + 116 511 + 670 2,022 56,269 22,528 4,822 27,350 27,192 158 - + + - + + + 2 668 391 4 192 18 14 130 454 214 19 195 137 58 16 677 784 142 484 + 28 + 169 + 3,278 2,019 56,080 + + + + 162 213 375 590 22,964 4,822 27,786 27,192 - 215 1 594 Note: A net of $101 million of surplus reserves were eligible to be carried forward from the week ended October 8, into the week ending October 15. On October 15, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,928 million, a decrease of $361 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Oct, 15, 1£S2 A S S E T S Gold certificate account Oct. 8, 1969 Oct. 16, 1968 10,036 -- 10 149 4 + 396 158 + 997 40 47 + + 1 24 _ + 17 5 90 + 41 + 82 20,049 + 736 +1,026 -— +2,933 -2,289 +1,670 + 237 +1,907 +2,974 + 776 * 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 1/ TOTAL ASSETS/LIABILITIES 6c CAPITAL ACCOUNTS (608) 1,186 31,357 3,468 54,874 434 55,308 56,671 (2,797) 10,392 - + 736 + 272 +1,008 +1,470 +1,358 1 4 112 3,048 (3,405) 80,408 - 3 +2,819 +1,045 :!4>644 + +2,859 LI^lItlllES Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L Capital paid in Surplus (608) 45,688 22,964 784 142 484 (3) (3) 24,374 (2,794) 8,327 561 (3,405) 78,950 171 +1,723 - 364 + 19 + + 973 263 6 19 2 +1,359 +1,443 + 36 +3,009 + 714 + 801 + 167 +4,541 A C C O U N T S 665 630 163 -- + + + 44 32 27 190 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 150 - 8 + 3 2 * Figures in parentheses are the eliminations made in the consolidating process. \J Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 15, 1969 (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 obligations Weekly changes advances Aceeptances Holdings + 568 53 2,953 Within 15 days 1,182 + 21 9,449 16 days to 90 days 34 4 — + 460 20,724 _. 91 days to 1 year -— 12,822 Over 1 year to 5 y tars — — 8,776 Over 5 years to 10 years Over 10 years — — 674 — Total 1,186 87 55,398 +1,049 H.4.1(b) A S S E T S Gold certificate account F. R. notes of other banks Other cash STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 15, 1969 New York Philadelphia San Da Lias Francisco Minneapolis Kansas City 227 172 273 323 1,739 28 11 18 15 19 4 31 11 22 10 85 24 68 144 13 27 48 56 212 -— -__ --- --- -— — — - - - - 394 — 808 — 891 — 2,860 — 1,124 618 124 _ ^ 68 ,080 1,967 1,263 140 2,211 1 ,392 154 2 ,437 1 ,080 1 ,107 2,211 2,259 2 ,437 2 ,493 4,473 495 7,828 -7,828 8,040 Cleve- RichAtlanta Chicago land mond (In millions of dollars) i Total Boston 10,036 578 2,296 606 754 880 392 1,796 608 149 79 6 138 10 38 6 49 15 48 14 53 23 1,186 l 69 320 121 32 76 40 47 --- 40 47 --- --.- --- St. Louis 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—Other 90 - 90 - -- 20,049 — 1,028 — 4,808 — 1,017 — 1,604 — 1,507 — 1,100 — 3,313 — Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities j 31,357 3,468 54,874 434 55,308 56,671 1,608 177 2,813 — 2,813 2,882 7,519 832 13,159 434 13,593 14,090 1,591 176 2,784 -2,784 2,905 2,510 278 4,392 — 4,392 4,424 2,358 261 4,126 5,181 573 9,067 4,126 4,202 1,720 190 3,010 -3,010 3,078 Cash items in process of collection Bank premises Other assets 1/ 13,189 112 3,048 767 2 140 2,357 9 923 826 2 149 727 4 265 1,073 11 162 1,207 18 173 2,311 17 424 685 9 98_ 514 5 64 848 18 118 740 8 151 1,134 9 381 83,813 4,454 19,823 4,532 6,238 6,390 4,944 13,798 3,032 1 ,885 3,558 3 ,747 11,412 TOTAL ASSETS 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 719 97067~"" 1*967" 9,211 1,980 -— - H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 15, 1969 New Total Boston York Phila- Clevedelphia land Richmond St. Atlanta Chicago Louis Minneapolis Kansas City San Dallas 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 Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on aceleptances purchased for foreign correspondents 46,296 2,652 10,708 2,638 3,761 4,169 2,443 8,207 1,710 795 1,723 1,676 5,814 22,964 809 15 6 1 831 875 6,091 954 64 7 2 1,540 1,120 1,351 3,254 36 8 3 73 19 4 957 105 6 4 41 7 3 93 17 20 1,027 1,673 1,180 1,398 1,072 1,386 4,412 769 607 925 983 3,350 1,940 586 19 3 2 610 436 4,282 42 7 11 685 45 5 1,335 120 12 1 682 583 921 784 | 142 • 487 24,377 H,121 131 1/ 45 2/436 6,703 1,881 * 735 519 561 26 147 24 67 39 28 84 18 12 20 23 73 82,355 4,384 19,439 4,458 6,108 6,313 4,852 13,581 2,982 1,853 3,497 3,668 11,220 665 630 163 31 31 8 176 160 48 34 33 7 60 56 14 34 33 10 43 40 9 98 93 26 23 22 5 15 14 3 28 27 6 37 36 6 86 85 21 83.813 4.454 19.823 4,532 6.238 6.390 4.944 j.3,798 _3^032 1,885 3,558 3.747 11,412 150 7 3/ 38 8 13 8 10 3 7 9 20 §27" 1,807 1,808 22 5 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,705 3,994 "47778 300 560 610 2,520 3,500 3,769 11,300—27820—57(5675—ZT7379 1/ After deducting $ 97 million participations of other Federal Reserve Banks, 7/ Includes IMF gold deposit. 3/ After deducting $ 112 million participations of other Federal Reserve Banks. 77533 57533 17797 1,000 155 27 2,650 7,650 1,700 815 1,875 1,830 2763S 575315—17535 847 17873 1783T" — * 6,116 5 Less than $500,000. 6,250 6,250
@FedFRASER