The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL ••f^URE*** RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 24, 1968 The average of daily figures of total reserves held by banks during the week ending October 23, declined $516 million to $26,444 million. Required reserves declined moderately reflecting a reduction in deposits in early October. Excess reserves held by banks declined sharply to a small negative level, as sizable reserve surpluses from the previous statement week were eligible to be carried forward to meet this weekfs requirements. Reserves were provided through a seasonal increase in float and a decline in currency in circulation. In addition, other F. R. accounts (net) declined, reflecting the monthly interest payment on F. R. notes, and provided some additional reserves. The System absorbed $254 million (net) of reserves through open market operations primarily through outright purchases of U. S. Government securities. Member bank borrowings at Federal Reserve Banks declined $183 million, and borrowings exceeded excess reserves by $368 million, compared with the revised figure of $166 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 obligations-Held under repurchase agreements Acceptances-Bought 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 Average>s of daily figures Week ended Change from week ended Wednesday, Oct. 23, Oct. 25, Oct. 16, Oct. 23, 1968 1967 1968 1968 (In millions of dlollars) 53,232 53,425 352 50 -165 - 46 +6,134 + 50 7 + 4 + 7 47 57 2 + 2 - 49 + + 4 2 57 15 335 -183 + 277 1,103 2,151 55,834 10,367 6,759 72,961 +167 -271 + 587 +7,061 -2,640 33 +4,388 1,586 56,585 10,367 6,760 73,712 +3,273 - 710 48,695 44 1,031 12 5 136 439 - 167 +2,358 -392 50,689 48,702 -- + 5 -265 -377 50,720 - 62 - 8 + 63 - 1 - 33 -129 -170 22,241 4,203 26,444 26,477 - 33 - 95 -421 -516 -131 -385 772 1,043 131 450 + ! 780 +2,031 23,023 - 136 | 4,203 27,226 +1,895 +2,118 26,477 - 223 749 NfOTE: $172 million, (net) of surplus reserves were eligible to be carried forward from the week ended October 16, into the week ending October 23. On October 23, 1968, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,685 million, a decrease of $11 million for the week. H.4.1(a) CONSOLIDATED STATEMENT OF CONDIT ION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Oct. 23, Oct. lb, Oct S5T 1968 1968 1967 ASSETS Gold c e r t i f i c a t e account JL/ Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outright— Sills 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 2/ TOTAL ASSETS/LIABILITES & CAPITAL ACCOUNTS LIABILITIES Federal Reserve notes Deposits: Member bank reserves U. S, Treasurer--general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES •2,474 10,026 (816) 295 1,103 57 15 47 19,244 - 12 + 914 -- + 27 39 - 67 +1,039 + + + 3 15 47 + 221 +4,950 + 221 + 155 + 376 +1 ,302 -1,572 71 211 +2,226 - 864 +6,312 + 352 +6,664 +7,768 +1,075 + 4 + 385 +6,691 (816) 42,669 160 +2,698 23,023 1,031 136 (19) 439 (19) 24,629 (2,225) 6,458 +1,032 - 16 - 47 + 969 -1,068 +2,953 + 97 + 3 - 22 +3,031 + 746 (3,060) 74,149 260 +6,601 28,424 5,757 53,425 352 53,777 54,999 (2,244) 8,044 115 2,074 (3,060) 75,553 + - -- CAPITAL ACCOUNTS Capital paid in 621 -+ 32 Surplus 598 — + 28 Other capital accounts 185 + 4 9 4-30 Contingent liability on acceptances purchased for foreign correspondents 117 1 - 59 * Figures in parenthefleB are the eliminations made in the consolidating process. 1/ Includes amounS of gold certificates previously included in "Redemption fund for F. R. notes." 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 23, 1968 (Acceptances and securities held under repurchase agreements are classifed as maturing within 15 days in accordance x*ith maximum maturity of the agreements.) U. S. Government securities and Federal Agency obligations Discounts and Acceptances advances Holdings Weekly changes 28 Within 15 days 3,199 +557 1,099 14,679 -140 16 days to 90 days 44 4 -• 17,448 - 12 -91 days to 1 year -7,652 -Over 1 year to 5 years -10,235 -Over 5 years to 10 years „ .611 -Over 10 years +415 53,824 72 Total 1,103 11.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23, 1968 J New Total Boston Phdla- York delphia Cleveland Richmond Atlanta Chicago St. Louis Minne- Kansas apolis City ^ (In millions of dol!.ars) 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 Ca&h items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 1/ Francisco 10,026 696 1,802 539 806 956 466 2,116 348 182 304 384 1,427 816 295 76 17 230 33 58 7 36 38 78 18 67 41 34 43 25 29 26 5 26 20 38 15 122 29 1,103 58 243 5 11 72 60 253 23 8 69 17 284 57 15 --- 57 15 --- — — — -- --- --- --- --- --- --- -•- 47 47 19,244 1,001 -- __ 28,424 1,478 5.757 300 53,425 ! 2,779 4,627 988 1,485 1,437 1,049 3,174 689 387 798 829 2,780 -- -- -- -- -- -- -- -- -- -- 6,835 1 ,459 1.384 295 12,846 ~2 ,742 2,192 2,124 1,549 4,688 1,017 314 949 206 4,121 3,991 2,912 8,811 1,912 ~T,075 1 ,225 248 4,107 430 572 116 1,178 444 2,215 T,302 7,719 -- -- -- -- 2,215 2 ,302 2,284~T 3T5 —870173 — 239 832 352 -- 352 .- -- -- -- -- -- 53,777 54,999 2,779 2,837 13,198 13,560 2 ,742 2 ,747 4,121 4,132 3,991 4,063 2,912 2,972 8,811 9,064 1,912 1,935 10,288 1,772 10 694 608 2 99 771 5 160 810 10 112 885 19 110 1,684 2,074 658 3 93 18 276 519 8 64 372 3 41 708 19 79 608 9 98 893 9 248 78,613 4,380 18,101 4 ,060 5,948 6,047 4,560 13,235 2,928 1,712 3,440 3 ,471 10,731 115 Includes assets denominated in foreign currencies and IMF gold deposited. San Dallas 1,075 1r e e l - 7,719 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23, 1968 New Total Boston York Phila- Clevedelphia land Richmond i(In L I A B I L I T I E S 43,485 Federal Reserve notes Deposits: [23,023 Member bank reserves U. S. Treasurer--general account 1,031 136 Foreign 458 Other :24,648 Total deposits 8,683 Deferred availability cash items Other liabilities and accrued 393 dividends TOTAL LIABILITIES 77,209 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac<:eptances purchased for foreiLgn correspondents St. Atlanta Chicago Louis San Minneapolis Kansas City Dallas Francisco millions of dollars) 2,518 9,941 2,473 3,520 3,992 2,330 7,801 1,608 743 1,625 1,511 5,423 1,067 5,738 1,102 1,252 3,620 4,129 102 7 12 81 9 1 109 20 2 131 6 2 58 8 1 111 19 17 1,605 1,223 1,343 1,377 4,276 726 778 3,751 1,408 1,159 670 569 42 3 2 616 312 1,310 58 13 1 767 68 5 1,020 146 916 66 7 7 996 498 1,533 59 7 580 488 787 -1,133 642 1/ 32 2/413 6,329 1,376 -- 840 418 19 99 20 30 30 21 63 14 9 16 17 55 4,312 17,745 3,987 5,825 5,971 4,472 13,023 2,880 1,680 3,380 3,393 10,541 621 598 185 30 29 9 158 154 44 32 32 9 55 54 14 32 31 13 40 38 10 93 87 32 21 20 14 14 36 34 83 79 7 4 27 26 7 8 28 78.613 4,380 18,101 4,060 5,948 6,047 4,560 131235__ 2,928 1,712 3,440 6 3/ 30 6 11 6 7 1 117 1 17 4 3 _3^471_ 10,731 5 7 15 1,718 1,653 5,708 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1/ 2/ 3/ 10,410 2,556 3,751 4,160 2,471 8,032 1,685 775 500 300 600 600 350 1,000 206 27 2,301 10,000 2,500 3,300 3,600 2,200 7,150 1,570 775 1,775 1,580 6,000 2,631 10,500 2,800 3,900 4,200 2,550 8,150 1,776 802 1,775 1,735 6,000 After deducting $104 million participations of other Federal Reserve Banks, Includes IMF gold deposit. After deducting $ 87 million participations of other Federal Reserve Banks. — 155
@FedFRASER