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FEDERAL RESERVE JFactors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 2, 1969 The average of daily figures of total reserves of member banks increased $408 million in the latest statement week to $27,334 million. Required reserves, excess reserves, and member bank borrowings from the Federal Reserve all increased on average. Float, which declined somewhat more than seasonally, was the only factor absorbing a major amount of reserves in the latest statement period. Declines in currency in circulation and Treasury deposits with Federal Reserve Banks, which provided reserves, partially offset this reserve drain. In addition, System Open Market operations provided almost $300 million of reserves, on a weekly average basis. About two-thirds of these reserves were provided through repurchase agreements. Member bank borrowings were somewhat higher than the average level of recent weeks. Such borrowings exceeded excess reserves by $1,198 million, compared to the revised figure of $903 million for 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 O f daily fig;ures Week ended Change from we.ek ended Wednesday, October 1, Sept. 24, October 2, October 1, 1968 1969 1969 1969 87 211 + + 984 238 9 3 + 8 — 37 3 »«. 4 _ - 12 2 37 -- 53,813 301 + + 53,845 — 1,438 f 332 + 897 1,182 2,113 3,300 61,014 10,367 6,777 78,157 51,197 666 1,130 123 464 2,055 55,635 22,522 4,812 27,334 27,094 240 _ 699 233 157 — 16 173 118 10 38 11 29 66 83 256 152 408 371 37 + 274 + 1,212 + 3,598 2,110 3,259 60,433 10,367 6,779 i 77,579 51,356 658 1,058 134 476 2,095 55,777 21,802 4,812 26,614 27,094 - 480 + + + + - + + - + + + + + — 33 + + 3,630 + 2,891 - + + + + + + + - 125 71 22 15 224 2,911 719 228 947 1,092 145 NOTE: A net of $113 million of surplus reserves were eligible to be carried forward from the week ended September 24, into the week ending October 1. On October 1, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $9,456 million, an increase of $665 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Sept. 24, Oct. 2, Oct. 1, 1968 1969 1969 A S S E T S Gold certificate account 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 & CAPITAL ACCOUNTS LiA B I L i i n £ 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 10 ,036 * (780) 152 - 1 ,182 9 + 1 - 160 + 866 344 10 17 37 23 36 19 ,149 + 223 + 31,247 3,449 53,845 + + 2_ 694 694 223 310 +2,935 -2,284 + 692 87 490 29 1 25 537 + 692 +1,541 + 671 (780) 45,056 + 29 +2,568 21,802 1,058 - 674 145 15 37 797 141 29 598 (2,648) 53,845 55,064 9,408 (3,428) 3,146 77,919 113 134 476 (2,648) (3,428) 23,470 7,298 + - 505 + + 76,329 — 41 2 +1,137 +3,197 + - + - + 2 120 36 6 148 543 107 + +3,070 £ A £ _I T A L ^ C O U N T S Capital paid in + 45 1 665 Surplus — 630 + 32 Other capital accounts f + 50 295 62 Contingent liability on acceptances purchased for foreign correspondents 159 1 36 * 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 1, 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 advances Acceptances Holdings Weekly changes 8 Within 15 days 1,179 2,152 -1,114 29 16 days to 90 days 3 8,877 - 288 91 days to 1 year 20,672 + 584 Over 1 year to 5 years 12,749 + 520 Over 5 years to 10 years 8,724 + 175 Over 10 years 671 -Total 1,182 53,845 - T23" IT H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 1, 1969 Total Boston New York Philadelphia Cleve- Rich land mond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account F. R. notes of other banks Other 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 10,036 401 2,729 647 660 934 524 1,825 334 160 294 242 1,286 780 152 96 6 184 10 67 6 49 15 59 13 63 23 38 14 28 15 30 4 39 11 28 11 99 24 1,182 106 541 38 12 64 57 145 55 35 76 28 25 37 -- --- 37 -- --- --- --- --- --- --- --- --- --- --- -- — -- — -- — -- -- -- -- — -- 377 — 615 68 ,060 — ,060 1 ,095 772 — 1,259 139 2,170 — 2,170 2,246 850 — 1 ,388 153 ,391 ~~2 — ,391 ~2 2 ,419 2,732 — 4,458 492 7,682 -7,6^ 7,707 19,149 -31,247 3,449 53,845 -53,845 55,064 982 -1,601 177 2,760 -2,760 2,866 Cash items in process of collection 12,056 Bank premises 113 Other assets 1^/ 3,146 737 2 143 4,251 TOTAL ASSETS 81,347 - • - 4,592 971 --1 ,585 7,493 175 827 12,912 ~~2,731 --12,912 ~2 ,731 2 ,769 13,490 1,533 -2,501 276 4,310 __ 4,310 4,322 1,440 — 2,350 259 4,049 — 4,049 4,113 1,050 — 1,714 189 2,953 — 2,953 3,010 686 3,164 — -,120 1 5,163 570 124 ,930 8,897 -— ,930 8,897 ~~l 9,042 1 ,985 2,091 9 956 631 2 157 875 5 254 991 11 167 1,031 18 180 2,052 17 441 606 9 102 454 5 65 782 18 124 660 8 159 1,146 9 398 19,469 4 ,279 6,180 6,288 4,849 13,429 3 ,079 1 ,813 3,514 3 ,527 10,669 JL/ Includes assets denominated in foreign currencies and IMF gold deposited. ~T ~T T H.4.1(c) f STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 1, 1969 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. 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 actreptances purchased for foreign cor espondents 45,836 2,635 10,611 2,618 3,734 4,152 2,412 8,149 1,696 788 1,713 1,662 5,666 21,802 1,058 134 476 23,470 9,946 758 56 6 1 821 694 6,154 167 1/ 36 2/431 6,788 1,531 967 51 7 1 1,026 529 1,372 110 12 1 1,495 772 998 110 7 12 1,127 886 1,359 52 8 2 1,421 890 3,047 131 19 4 3,201 1,758 682 116 5 * 803 508 560 28 3 2 593 387 965 121 6 4 1,096 617 1,185 33 7 2 1,227 531 3,755 83 18 16 3,872 843 505 79,757 25 4,175 119 19,049 25 4,198 40 6,041 36 6,201 27 4,750 82 13,190 18 3,025 22 22 1,77$ 78 10,459 665 630 295 31 31 14 176 160 84 34 33 14 60 56 23 34 33 20 43 40 16 98 93 48 23 22 9 15 14 5 28 27 11 37 36 12 86 85 39 81,347 4,251 19,469 V279 6,180 6,288 4,849 13^429 3,079 1,813 3,514 3,527 10,669 159 8 3/ 40 8 14 8 10 24 6 4 7 9 21 1,808 1,810 5,982 11 3,448 3,442 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,797 11,076 2,699 3,983 4,287 500 300 560 610 10.800 11,300 2,520 2,820 3,500 4,060 3,769 4,379 1/ After deducting $ 98 million participations of other Federal Reserve Banks, 7/ Includes IMF gold deposit. 3/ After deducting $ 119 million participations of other Federal Reserve Banks. 2,575 2,650 2,650 8,422 1,789 827 1,000 155 27 1,700 1,855 815 7,650 8,650 * 842 5 1,875 1,875 Less than $500,000. 1,830 6,250 1,835 6,250
@FedFRASER