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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release October 26, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended October 25, decreased a net of $443 million to $24,575 million. Estimated currency and coin of member banks increased $150 million and their reserve balances at the Federal Reserve Banks decreased $593 million. Estimated required reserves decreased $108 million; and estimated excess reserves decreased $335 million to $222 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $164 million, compared with the revised figure of $341 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $460 million in U. S. Government securities held under repurchase agreements, $217 million in U. S. Government securities bought outright, and $158 million in member bank borrowings, and an increase of $145 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $154 million in Federal Reserve float, and decreases of $130 million in currency in circulation, and $117 million in "other11 F. R. accounts (net). Total Reserve Bank credit decreased $750 million. As of bought outright securities held borrowings were Wednesday, October 25, 1967, holdings of U. S- Government securities were $179 million lower than a week earlier, U. S. Government under repurchase agreements were $285 million lower, and member bank $73 million lower. Member bank reserves, Reserve Bank credit, gfld 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 Week ended Change from week ended Wednesday, Oct. 25, Oct. 26, Oct. 25, Oct. 18, 1967 1966 1967 1967 (In millions of dollars) 47,098 •217 •460 +4,383 79 47,113 - 27 53 58 + - 1 18 54 - 42 -158 - 460 64 -- -- ... 15 -- 1,556 48,765 13,007 6,792 68,564 +154 -750 - 487 +3,325 - 249 + 638 +3,714 1,257 48,488 13,009 6,794 68,291 45,429 1,482 1,087 119 455 -210 48,,362 -130 - 2 +145 - 12 - 30 -117 -146 +2,341 + 344 + 163 45,421 1,490 20.,202 4 ,373 -593 +150 -443 -108 -335 +1,015 + 293 +1,308 +1,233 + 75 24,575 24,353 222 _- + 11 -738 8 + 23 - 165 +2,699 934 133 461 -219 48,220 20,070 4,846 24,916 24,411 505 On October 25, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,774 million, an increase of $84 million for the week and an increase of $496 million from the comparable date a year ago. H. k. 1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Change since Wednesday Oct. 25, Oct. 18, Oct. 26, 1966 1961 1967 A S S E T S - 320 10,638 Gold certificate account + 57 2 1,862 Redemption fund for F. R. notes - 263 2 "12,500 Total gold certificate reserves 4 (656) 362 +• 56 Cash 533 73 64 Discounts and advances Acceptances: -!3 54 Bought outright 38 7 Held under repurchase agreements Federal Agency obligations-15 Held under repurchase agreements U. S. Government securities: Bought outright-179 +3,498 14,294 Bills -4,366 Certificates +5,185 26,198 Notes + 183 6,621 Bonds +4,500 179 47,113 Total "bought outright - 151 285 Held under repurchase agreements +4,349 464 47^113 Total U. S. Government securities +3,781 - 559 47,231 Total loans and securities 6,969 111 1,689 68,862 + 33 -1,954 241 7 + 258 +4,080 (656) 39,971 178 +2,057 20,070 934 133 461 21,598 5,712 (1,991) 267 (2,647) 67,548 650 205 19 1 875 907 13 -1,973 +1,304 + 94 8 + 33_ +1,423 + 508 + 40_ +4,028 19 23 19 10 (1,991) Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS(2,647) 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 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 570 155 -1,422 + Ratio of gold certificate reserves to F- R. note liability (computed from figures as shown on the following pages--not consolidated) + 17 3 0 oy 1% Contingent liability on acceptances purchased 46 for foreign correspondents 176 2 * 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. MfMII'y_.-.DISTRIBUTI0^ OF LOANS AMD SECURITIES, OCTOBER 25, iWf (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 Acceptances ' Holdipgs Weekly changes advance2S 6 2,043 Within 15 days -442 61 + 55 13,471 16 days to 90 days 3 48 --15,266 - 92 91 days to 1 year — --14,910 Over 1 year to 5 years --— Over 5 years to 10 years 883 -Over 10 years 535 64 54 -479 Total 47,113 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 25, 1967 H.4.1(b) Total Boston Philadelphia New York 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 Held under repurchase agreements Dallas San Francisco 2,933 455 3,388 596 96 692 896 147 1,043 929 159 1,088 490 103 593 1,512 330 1,842 379 66 445 210 32 242 401 73 474 467 66 533 1,261 230 1,491 656 362 69 21 209 41 37 8 38 47 44 23 59 44 36 64 24 34 18 5 28 16 21 15 73 44 64 2 10 1 1 * 11 22 9 1 6 1 -- 54 --- 54 -- --- -— --- --- --- --- --- --- --- --- 737 3,578 716 1,092 1,049 773 2,398 509 275 556 581 2,030 -- -- -- -- -- -- — _- -- -- -- 1 ,065 269 ,915 3,721 941 6,692 — -- 14,294 __ — 1,311 331 2,358 -- -- -- Total U. S. Government securities 47.113 .2,431 11,791 2,358 Total loans and securities 47,231 2 ,433 11,855 584 3 71 71,509 3 ,850 1/ Minne- Kansas apolis City 564 105 669 6,556 1,657 11,791 TOTAL ASSETS St. Louis 10,638 1,862 12,500 26,198 1 ,352 6,621 342 47,113 ,431 Cash items in process of collection Bank premises Other assets 1_/ Richmond Atlanta Chicago (In millions. of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleveland -- 8,960 111 1,689 T 2,001 505 3,598 — 1 ,416 1,922 486 357 3,457 ~~2,546 4,395 1,111 7,904 933 236 1,678 506 128 909 1,020 258 1,834 -- -- T __ -- -- -- 3,598 3,457 2 ,546 7,904 1,678 909 1,834 1 ,915 6,692 2,359 3,599 3,457 2 ,557 7,926 1,687 910 1,840 1 ,916 6,692 1,535 10 608 539 2 77 631 5 126 718 7 88 807 20 85 1,493 19 220 426 9 51 312 3 31 606 15 61 512 9 76 797 9 195 17,646 3,714 5,489 5,425 4 ,165 11,600 2,676 1,521 3,040 3 ,082 9,301 — Includes assets denominated in foreign currencies and IMF gold deposited. * Less than $500,000. — 11.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 25, 1967 Total Boston New York Philadelphia Cleveland RichAtlanta Chicago mond St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) L I A B I L I T I E S 40,627 Federal Reserve notes Deposits: 20,070 Member bank reserves 934 U.S. Treasurer—general account 133 Foreign 461 Other Total deposits 21,598 2,413 9,429 2,321 3,269 3,717 2,284 7,224 1,490 695 1,524 1,354 4,907 740 49 6 1 796 5,997 121 1/ 37 2/ 372 6,527 789 46 7 10 852 1,409 78 12 1,007 61 8 2 1,078 2,777 82 19 1 2,879 714 72 4 1 791 483 38 3 1,499 890 88 7 8 993 524 852 96 6 2 956 1,127 87 7 1 1,222 3,285 116 17 63 3,481 1,280 564 Deferred availability cash items 7,703 Other liabilities and accrued 69 14 dividends 267 -TOTAL LIABILITIES 70,195 I 3,787 17,305 CAPITAL ACCOUNTS 153 Capital paid in 28 589 ! 148 27 i 570 Surplus 155 ! 40 8 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 3,850 17,646 ! 71,509 Contingent liability on acceptances purchased for foreign 176 8_ 3/ 46 correspondents 459 585 624 707 1,257 341 265 493 422 706 13 3,645 20 5,373 19 5,353 15 4,084 45 11,405 9 2,631 6 1,490 10 2,983 11 3,009 36 9,130 31 30 8 53 51 12 31 30 11 37 35 9 86 83 26 20 20 5 14 14 3 26 25 6 34 33 6 76 74 21 3,714 5,489 5,425 4,165 11,600 2,676 1,521 3,040 3,082 9,301 9 16 9 11 26 6 4 8 10 23 1 1 FEDERAL RESERVE AGENTS ACCOUNTS — — F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral Vf 2/ 37 42,502 2,503 9,915 2,380 3,497 3,854 2,397 7,461 1,569 727 1,588 1,459 5,152 6,714 450 -2.096 1,000 -9,000 10,000 490 _2,000 2,490 600 -3,000 3,600 740 -3,160 3,900 450 -2,050 2,500 1,400 317 --6,450 „ 1,370 7,850 1,687 127 -625 752 225 -1.400 180 -1,330 735 -4,600 1,625 1,510 5,335 37,081 43,795 2,546 After deducting $96 million participations of other Federal Reserve Banks. Includes IMF gold deposit. After deducting $130 million participations of other Federal Reserve Banks. Less than $500,000.
@FedFRASER