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 17, 1968 H.4.1 The average of daily figures of total member bank reserves held during the week ending October 16, increased $494 million to $26,949 million. Required reserves rose reflecting an increase in private demand deposits in the last week in September. Excess reserves held by banks rose to a level of $341 million. A seasonal rise in currency in circulation, absorbing reserves, was offset by moderate declines in Treasury deposits with Federal Reserve Banks, and Foreign deposits with Federal Reserve Banks. .The System provided nearly one-half billion dollars "of reserves, net, primarily through outright purchases of U. S. Government securities. Member bank borrowings at Federal Reserve Banks increased-slightly, and borrowings exceeded excess reserves by $177 million, compared with the revised figure of $227 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 advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Week ended Change from week ended Wednesday, Oct. 16, Oct. 18, Oct. 16, Oct. 9, 1968 1967 1968 1968 (In millions of dollars) 53,397 96 +334 + 96 + +6,082 - 364 53,204 197 24 8 3 55 51 + 2 + 51 + + 2 9 57 42 518 +116 + 302 189 1,973 + 48 +651 + 571 +6,579 -2,640 2,076 55,773 10,367 6,757 72,897 56,094 10,367 6 ,754 73,215 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) 48 ,764 780 980 132 483 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves 50 ,890 22 ,325 4 ,624 -248 26,949 26,608 341 + 5 +656 +214 - 6 - 92 - 24 + 10 + 2 +103 +552 - 58 +494 +328 +166 27 +3,913 +3,205 - 704 + 38 + 1 48,860 760 1,047 2 136 486 - 155 +2,382 -369 50,920 +1,530 + 390 +1,920 +2,140 21,977 4,624 26,601 26,608 - 7 - 220 1 NOTE: $78 million, (net) of surplus re serves were eligible to be carried forward from the week ended October 9, into, the week ending October 16. The comparable figure for the previous week should have been $160 million instead of the $41 million reported. 1/ Reflects $355 million of securities sold, and scheduled to be bought back, under matched s,le-purchase transactions. On October 16, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,696 million, a decrease of $268 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OP CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) ^Change since Wednesday Oct. 18, Oct. 16, Oct. 9, 1967 1968 1968 A S S E T S — -2,476 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 >Qans and securities Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS/LIABILTIES & 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 (750) 307 189 - 3 99 + 59 52 57 42 : + + 3 42 + + 3 35 19,023 + 598 28,424 5,757 2/53,204 197 53,401 53,697 (2,632) 9,602 115 2,003 (3,382) 75,750 +2,226 - 864 ±2.430 +5,912 88 824 +5, +5,,907 +1 ,211 + 4 + 347 +4 .934 42,829 + 22 +2,680 21,977 1,047 +1,436 - 248 + 24 + 5 +1 ,217 +1 ,344 +1,257 92 136 486 23,646 7,526 394 (3,382) 74,395 (2,632) 44,550 + 598 + 197 + 795 + 749 +1,726 _ 42 16 + 24 8 +1 ,173 + 907 + 96 -1-2,591 +4,856 + C A P I T A L A C C O U N T S Capital paid in 621 -+ 32 Surplus 598 ~ + 28 Other capital accounts 136 161 + 18 Contingent liability on acceptances purchased for foreign correspondents 118 3 60 * 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$355 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 16, 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 A Acceptances advances Holdings Weekly changes Within 15 days '186 2,632 +918 59 16 days to 90 days 3 40 14,819 -355 91 days to 1 year --17,460 +240 Over 1 year to 5 years .-7,652 Over 5 years to 10 years ..10,235 Over 10 years -j_-611 Total 53,409 +803 189 99 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 16, 1968 Total Boston Phila- Clevedelphia land New York Richmond Atlanta Chicago St. MinneLouis apolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account 10,026 682 1,565 576 963 950 422 2,143 306 185 276 336 1,622 F. R. notes of other banks Other cash 750 307 71 18 221 36 47 8 37 40 72 20 59 41 31 46 22 29 25 4 25 21 33 16 107 28 Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsHeld under repurchase agreements U- 13. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 189 23 58 4 7 1 30 45 8 6 2 5 __ 57 42 --- 57 42 --- --- --- --- --- --- --- --- __ -- --- 53,401 53,697 Cash items in process of collection Bank premises Other assets 1/ 12,234 115 i 2,003 TOTAL ASSETS 8 8 19,023 989 4,574 976 1,467 1,421 1,037 3,138 681 383 789 820 2,748 -- -- -- -- -- -- -- •- -- -- -- --. -- 1,478 6,835 300 1,384 2 ,767 12,793 -197 2 ,767 12,990 2 ,790 13,155 1,459 295 2 ,730 2,192 2,124 1,549 4,688 1,017 430 314 949 206 572 116 4,103 3,975 2,900 8,775 1,904 1,071 1 ,178 239 2 ,206 1,225 248 2 ,293 4,107 444 -- -- -- -- -- -- -- -- -- -- 2 ,730 2 ,734 4,103 4,110 3,975 3,976 2,900 2,930 8,775 8,820 1,904 1,912 1i071 . 2 ,206 1,077 2 ,208 2 ,293 2 ,298 7,687 7,687 28,424 5,757 53,204 197 832 7,687 740 3 89 2,058 717 2 96 991 5 153 994 10 107 1,028 2,052 19 110 18 265 674 8 62 433 3 38 783 19 76 679 9 93 1,085 10 676 79,132 | 4 ,393 17,721 4 ,180 6,299 6,129 4,609 13,375 3,013 1 ,765 3 =408 3 ,464 10,776 9 238 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH OCTOBER 10, tl.4.1(c) Total New York Boston 1 \ 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 jdejposit: s Deferred availability cash items Other liabilities and accrvted dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for forejLgn correspondents Richmond Phila- Clevedelphia land Atlanta Chicago St. MinneLouis apolis Kansas City Dallas San Francisco (In millions of dol]Lars) 43,579 2,524 9,937 2,478 3,527 4,002 2,346 7,803 1,611 746 1,631 21,977 1,047 136! 486 23,646 10,158 1,017 52 7 941 78 7 1 1,027 534 1,654 109 13 1,232 51 9 1 1,293 863 3,379 213 20 2 3,614 1,691 557 56 3 945 110 6 1,776 847 1,086 73 7 13 1,179 847 746 56 5 1,076 707 5,160 105 1/ 32 2/440 5,737 1,603 807 535 616 364 394 77,777 20 4,327 100 17,377 21 4,110 30 6,180 28 21 6,056 4,523 63 13,171 14 2,967 30 29 7 158 154 32 32 32 6 55 54 10 40 38 8 93 37 24 21 20 5 79,132 4,393 17,721 4,180_ 1 118 6 3/ 30 6 621 598 136 i 32 31 10 6,299 _6_, 129 11 6 4,609 _13,J75_ 7 17 1,517 5,457 1,063 640 1,237 49 8 2_ 1,296 558 4,023 95 19 25 4,162 919 8 1,734 16 3,350 17 3,388 56 10,594 14 14 3 27 26 5 36 34 6 83 79 20 3;408 3,464 10,776 2 3,013 _1_,765_ 4 3 5 1,718 7 16 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F. R. notes Gold certificate account Eligible paper U. S. Government securitiLes Total collateral 1/ "2/ 1/ 1 45,583 2,590 10,408 2,557 3,757 4,163 2,482 8,029 1,694 778 4,068 330 500 300 600 600 350 1,000 206 27 42.751 2.301 10.000 ... 2,500 3.300 3.600 46,819 2,631 10,500 2,800 3,900 4,200 After deducting $104 million participations of other Federal Reserve Banks, Includes IMF gold deposit. After deducting $88 million participations of other Federal Reserve Banks. 2,200 _JJL3fi_ --L57JL 8,150 2,550 1,776 5,736 155 77J„ 802 1,663 1,775 * _1,58JL_ 6rOOO 1,735 6,000 Less than $500,000.
@FedFRASER