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;otcovA* % % ^ ^ - FEDERAL RESERVE (Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release September 7, 1967 H.4.1 The average of daily figures of total member bank reserves held during the week ended September 6, increased a net of $i*90 million to $23,95^- millionEstimated currency and coin of member banks decreased $291 million and their reserve balances at the Federal Reserve Banks increased $781 million. Estimated required reserves increased $364 million; and estimated excess reserves increased $126 million to $367 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $288 million, compared with the revised figure of $195 million the week before• The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $351 million in U. S. Government securities bought outright, $120 million in Federal Reserve float, and a decrease of $379 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was an increase of $212 million in currency in circulation- Total Reserve Bank credit increased $596 million. As of bought outright securities held bank borrowings bonds increased Wednesday, September 6, 1967, holdings of U. S. Government securities were $^38 million higher than a week earlier, U. S. Government under repurchase agreements were $^25 million higher, and member were $79 million higher. Outright holdings of bills, notes, and $386 million, $35 million, and $17 million, respectively. 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 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 Week ended Sept. 6, 1967 'in 46,600 87 of daily figures Change from week ended| Wedne sday, Sept, 7, I Sept, 6, Aug. 30, 1966 1967 1967 millions of dollars; +351 + 87 6 f 6 65 - 2 +3,623 1 + 87 ; 6 46,607 425 | 29 16 j 62 1 79 + 33 - 670 1 139 2 1, 4io 48,247 13,008 +120 +596 - 36 6,715 67,970 + 22 45,130 1,497 +212 + 2 697 133 + 12 +582" -379 ^67038 + 28 - 73 -198 19,932 +781 4, 022 -291 J47I 110 — 3^4 j 1,568 +2 ,716 | 48,830 - 250 i 13,009 + 665 6,717 +3 ,131 , 58755S +2 ,148 + 434 - 291 + 6 + 61 - 176 +2 ,181 + 951 + 334 +1 ,285 +1 ,255 + 30 i 1 j ! I 45,412 1,496 ill 164 457 133 47,773 20,783 4,281 25,664 +490 23,954 +364 23,551 23,587 +126 367 ! 1,513 On September 6, 1967^ U. S. Government securities held in custody by the Federal Reserve Banks for foreign account weire $7,527 million, an increase of $100 million for the week and an increase of $3^ 1 million from the comparable date a year ago. HA.l(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Sept. 6 1967 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurchase agreements U. S. Government securities: Bought outright — Bills Certificates (other) Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities (614) 10,658 1,855 12,513 336 139 Change since Aug. 30 Sejat. 7 1966, 1967 + + 5 9 "14" + + l 79 + + - 14 62 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Pore ign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL A C C O U N T S Capital paid~*in Surplus Other capital accounts 326 57 269 37 542 29 29 29 13,927 386 26,125 6,555 46,607 425 47,032 47,262 35 + + 17 + 438 + 425 863 968 24 +2,753 -4,366 +5,112 + 117 +3,616 + 425 +4,041 +3,542 (1,695) 6,593 110 1,390 (2,309) 68,204 40 +1,047 + 250 + 6 + 230 +3,796 (6l4) 40,031 + 348 +1,926 (2) (2) (1,693) 20,783 111 164 457 21,515 5,025 267 567B38" +2,130 -1,217 + 48 + 5 + 96T +2,231 - 916 + 22 + 60 +1,397 + 383 + 32 +3,738 (2,309) 588 570 208 + 332 28 +1,010 + + + 37 23 19 16 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 30.8$ .2$ - 2.0$ Contingent liability on acceptances purchased for foreign correspondents 243 10 - 33 * Figures in parentheses are the eliminations made in the consolidating process. l/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. ,____ MATURITY DISTRIBUTION OF LOAHS AND SECURITIES, SEPTEMBER 6, 1967 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 137 2 — — Acceptances 20 k2 — -— __. -— 139 62 Federal Agency obligations Holdings 1Weekly changes 2,049 13,559 15,240 14,783 +384 +383 + 73 + 38 910 + 10 520 47,061 +892 + 4 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 6, 1967 H. 4.1(1>) Total Boston A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold, certificate reserves F. R. notes of other Banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Held under repurhcase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreements ! 336 597 106 703 68 14 ; 139 — i 10,658 i 1,855 ! 12,513 ! 61k 62 1 "" *" 1 29 ! 13,927 ' 1 26,125 ! 6,555 557507 —— *~ ~ New Phila- Cleve- Rich- Atlanta Chicago St. Louis mond York delphia land (In millions of dollars) 2,187 448 2,635 166 34 10 62 — "* 596 97 693 804 148 952 39 8 1 35 4.9 949 164 l,H3 50 20 -- * *" *"* —— "* "*" —— "™ "" —— 516 98 614 68 42 4"* "* —— 2,073 332 2,405 32 60 104 —— — "• Minneapolis Kansas Dallas City San Francisco 165 32 197 26 6 l 422 73 495 359 65 1,652 424- 1,878 30 16 52 39 7 20 15 4 —— —— —— -- —— -- -— — 489 338 66 4o4 28 33 8 ~" — -— 226 — 29 722 -- 1,354 340 2/4T6" 3,515 " 7l4 1,053 -1,338 -- 425 -- Total U. S. Government securities 47, 032 2,416 6,593 1,654 335 11,762 2,387 — 425 12,187 2,387 Total loans and securities 47,262 2,416 8,288 485 3 62 1,976 495 3,524 1,002 -1,879 -1, 422 472 357 757 2,299 -4,312 1,082 280 547 586 -- -- 917 230 526 132 938 -1,027 -1,098 1,963 -3,683 258 276 924 — 1,832 -- 1,960 -- 6,570 -- -- 3,353 -- 2,536 -- 7,693 -- 1,636 — 3,524 3,353 2,536 7,693 1,636 938 1,832 1,960 6,570 12,288 2,388 3,524 3,353 2, 540 7,797 1,644 939 1,839 1,964 6,570 514 2 62 576 5 100 684- 706 20 69 1,367 6 68 19 171 406 9 40 262 3 25 535 15 49 445 9 61 766 9 153 5,241 17,205 3,706 70,513! 3,751 TOTAL ASSETS . ',1 ———— _ _ - , L .— 1/ Includes assets denominated in foreign currencies and IMF gold deposited 5,294 4,059 11,851 2,564 2,979 2,938 9,467 Cash items in process of collection Bank premises Other assets l/ 110 1,390, 1,542 10 530 1,^58 * Less than $500,000. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 6, 1967 H.^l(c) Total L I A B I L I T I E S New York Boston Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) i j Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other Total deposits 1 MMi 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 acceptances purchased for foreign c orre spondent s 2,409 1 9,442 2,319 3,251 3,726 2,282 7,232 1,491 701 861 1 7 1 1,320 1 13 932 1,082 3,208 * 7 12 870 1,334 951 9 1 1,092 20 3 3,231 692 1 5 1 509 * 699 433 12 517 19 523 19 587 1.4 1,143 42 3,634 5,121 5,219 3,975 31 30 11 3,706 53 51 16 5,241 31 30 14 5,294 13 22 13 ml 164 736 1 7 459 ji j 21,517 744 5,675 103 60 380 6,218 1 6,718 1 518 14 1,115 75 20,783i 1 i 267 ; 1 69,147 |3,685 16,850 153 148 54 208J 70,513 ! 3,751 17,205 588 570 28 27 11 1,539 1,341 4,912 513 948 1,164 1 1 8 6 1 2 1,174 957 3,656 2 18 58 3,734 318 9 208 5 413 11 11,648 2,517 1,427 85 37 83 35 35 12 4,059 11,851 20 20 7 2,564 14 14 3 1,458 26 25 8 34 33 8 76 74 29 2,979 2,938 9,467 35 8 6 11 14 32 4 337 11 606 36 2,920 2,863 9,288 i h 243 -•'•• ' — ' • 12 • 62 15 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 42,299 2,493 9,913 2,372 3,468 3,817 2,376 7,431 1,569 733 1,602 1,431 5,094 6,730 450 1,000 503 600 740 450 1,400 320 127 225 180 735 36,671 43,401 2.096 2,546 9,000 10,000 2,000 2,503 3,000 3,600 3,160 3,900 2,050 2,500 6,150 7,550 1,310 1,630 625 1,400 1,625 1,280 1,460 4,600 5,335 1/ After deducting % Q 4 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 3/ After deducting $1-81 million participations of other Federal Reserve Banks. 752
@FedFRASER