H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Foctors Affecting Bank Reserves and H. 4. r *&*£**' Condition Statement Of F.R. Bonks For immediate release April 10^ 1969 The average of daily figures of total reserves of member banks declined $156 million in the latest week to $26,53-9 million. Required reserves, excess reserves and member bank borrowings also declined. Currency in circulation and oth^r F. R. accounts (net), increased $240 million, and $201 million respectively in the latest week, absorbing a like amount of reserves. Offsetting these reserve drains were a reduction in Treasury deposits with Federal Reserve Banks and a seasonal increase in float. System Open Market operations provided $133 million of reserves, an a weekly average basis, including Treasury borrowings on average of nearly $100 million from the Federal Reserve through the issuance of special certificates. Excess reserves and member bank borrowings, declined from a seasonally high level of a week earlier. In the latest week member bank borrowings exceeded excess reserves by $789 million, compared ta the revised figure of $938 million for the previous week. Averages of daily figures Member bank reserves, Week ended Change from Week ended Wednesday, Reserve Bank credit, April 9, April 2, April 10, April 9, and related items 1969 1969 1968 1969 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright—System account 52,009 + 57 + 2,059 51,966 Held under repurchase agreements 211 7 + 17 Special Certificates 96 + 96 4- 96 519 Federal Agency obligations- Held under repurchase agreements 15 Acceptances-- Bought outright C *"> 3 4 f 52 Held under repurchase agreements 33 5 30 i Discounts and advances- Member bank borrowings 947 248 + 301 658 Other __ -- - 15 -- Float 2,216 + 216 + 579 2,036 Total Reserve Bank credit 55,578 + 100 + 3 ,008 55,231 Gold stock 10,367 -- - 117 10,367 Treasury currency outstanding 6,741 - 86 - 56 6,747 72,686 + 14 + 2 ,835 72,345 Currency in circulation 49,766 + 240 + 3 ,119 49,979 Treasury cash holdings 710 - 6 - 409 707 Treasury deposits with F. R. Banks 377 - 199 - 144 7 Foreign deposits with F. R. Banks 155 + 15 13 152 Other deposits with F. R. Banks 549 + 69 - 33 559 Other F. R. accounts (net) - 775 + 201 - 220 - 759 50,782 + 320 + 2 ,301 50,645 Member bank reserves: With Federal Reserve Banks 21,904 - 306 + 535 1 21,700 Currency and coin 4,635 + 150 + 570 4,635 Total reserves held 26,539 - 156 + 1 ,105 26,335 Required reserves 26,381 - 57 + 1 ,353 , 26,381 Excess reserves 158 99 - 248 i - 46 NOTE: A net of $130 million of surplus reserves were eligible to be carried forward from the week ended April 2^ into the week ending April 9. 1/ Reflects $50 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions... On April 9, 1969 U- S. Government securities held in custody by the r Federal Reserve Banks for foreign account were $8,458 million, an increase of $188 million for the week. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since April 9, April 2, April 10, 1969 1969 1968 A S S E TS Gold certificate account 10,025 -- 106 Cash (635) 205 7 - 216 Discounts and advances 658 - 413 + 323 Acceptances: Bought outright 52 4 Held under repurchase agreements 73 52 Federal Agency obligations-- Held under repurchase agreements 63 U. S. Government securities: Bought outright-- Bills 17,533 - 50 +1,207 Certificates - Special 519 + 519 + 519 - Other Notes 30,046 __ +2,826 Bonds 4,387 -- -1,942 Total bought outright 1/ 52,485 + 469 +2,610 Held under repurchase agreements -- 262 -- Total U. S. Government securities 52,485 +~ 207 +2,610 Total loans and securities 53,195 - 342 +2,877 Cash items in process of collection (2,090>) ) 8,696 + 436 +1,471 Bank premises 114 -- + 1 Other assets 2/ 2,672 + 2 + 415 TOTAL ASSETS/LIABILTIES 6c CAPITAL ACCOUNTS (2,725) 74,907 89 +4,442 L I A B I L I T I ES Federal Reserve notes (635) 43,802 + 317 +2,503 Deposits: Member bank reserves 21,700 - 382 +1,193 U. S. Treasurer—general account 7 - 393 - 720 Foreign 152 + 7 - 11 Other 3/ 559 + 30 + 16 Total deposits 22, 418 - 738 + 478 Deferred availability cash items (2,090) 6 ,660 + 450 +1, 248 Other liabilities and accrued dividends 429 + 2 + 103 TOTAL LIABILITIES (2,725) 73,309 + 31 +4,332 C A P I T AL A C C O U N TS Capital paid in 644 -f 1 + 31 Surplus 630 — + 32 Other capital accounts 324 + 57 + 47 Contingent liability on acceptances purchased for foreign correspondents 122 -- + 23 * Figures in parentheses are the eliminations made in the consolidating process* 1/ Reflects $50 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes assets denominated in foreign currencies and IMF gold deposited. 3/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 9, 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 Agenc: y obligations advance i S Ac<z eptances Holdings Weekly changes Within 15 days 651 8 2,629 +255 16 days to 90 days 7 44 9,157 -134 91 days to 1 year -- -- 8,179 + 23 Over 1 year to 5 years — __ 18,507 _- Over 5 years to 10 yearss .- 13,376 -« Over 10 years -- -. 637 _- Total 658 52 52,485 +144 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1969 San New Phila Cleve Rich St. Minne Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 10,025 403 1,297 613 851 852 573 1,787 431 177 438 368 2,235 F. R. notes of other banks 635 56 205 42 47 49 78 36 15 8 14 17 68 Other cash 205 10 22 6 24 17 28 18 22 5 17 10 26 Discounts and advances 658 23 177 29 112 68 25 116 28 40 16 14 10 Acceptances: Bought outright 52 -- 52 -- -- -- -- -- -- -- -- -- -- Held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- Federal Agency obligations- Held under repurchase agreements — U. S. Government securities: Bought outright— Bills 17,533 901 4,471 899 1,353 1,300 923 2,889 608 333 663 723 2,470 Certificates--Special 519 -- 519 -- -- -- -- -- -- -- -- -- -- Notes 30,046 1 ,543 7,662 1 ,541 2,319 2,229 1,582 4,950 1,042 570 1,137 1,239 4,232 Bonds 4,387 225 1,119 225 339 325 231 723 152 83 166 181 618 Total bought outright 52,485 ~1 ,669 13,771 2*, 665 4,011 3,854 2,736 8,562 1,802 986 1,966 2,143 7,320 u Held under repurchase agreements [ « -- -- -- -- -- -- -- -- -- -- -- -- Total U. S. Government securities ! 52,485 ,669 13,771 2 ,665 4,011 3,854 2,736 8,562 1,802 986 1,966 2,143 7,320 Total loans and securities 53,195 2 ,692 14,000 2 ,694 4,123 3,922 2,761 8,678 1,830 1,026 1,982 2,157 7,330 Cash items in process of collection ! 10,786 1 668 1,926 661 748 833 995 1,796 553 366 705 570 965 Bank premises ! 114 3 10 2 5 11 18 17 8 4 18 9 9 Other assets 17 1 2,672 119 853 129 211 140 149 367 86 54 103 130 331 TOTAL ASSETS 77,632 3 ,951 18,313 4 ,147 6,009 5,824 4,602 12,699 2,945 1,640 3,277 3,261 10,964 1/ Includes assets denominated in foreign currencies and IMF gold deposited Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1969 1 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran- , ci sr.n (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 44,437 2,575 10,259 2,553 3,618 4,060 2,341 7,935 1,653 767 1,667 1,539 5,470 Deposits: Member bank reserves 21,700 657 5,689 935 1,536 882 1,280 3,005 807 511 935 1,144 4,319 U. S. Treasurer--general account 7 •k * 1 1 1 1 * 1 2 Foreign 152 7 1/ 41 8 13 8 10 22 5 3 6 9 20 Other 559 * 516 4 * 11 1 3 "k 2 3 2 17 Total deposits 22,418 664 6,246 947 1,550 902 1,292 3,030 813 516 945 1,155 4,358 Deferred availability cash items 8,750 613 1,297 546 668 740 849 1,423 411 312 584 464 843 Other liabilitie/s and accnl ed dividends 1 429 21 103 19 32 32 21 67 14 9 15 17 79 TOTAL LIABILITIES ! 76,034 3,873 17,905 4,065 5,868 5,734 4,503 12,455 2,891 1,604 3,211 3,175 10,750 CAPITAL ACCOUNTS Capital paid in 644 31 164 33 59 33 42 95 22 15 28 37 85 Surplus 1 630 ! 31 160 33 56 33 40 93 22 14 27 36 85 Other capital accounts 324 16 84 16 26 24 17 56 10 7 11 13 44 TOTAL LIABILITIES AND CAPITAi ACCOUNTS | 77^632 3,951 J8i_313__ 4J47__ 6,009 5,324. _ 4,602_ 12j69_9_ 2,j45_ _-kii40_ 3,277 3,261 10,964 Contingent liability on ace: eptances purchased for foreign correpsondents 122 6 3/ 31 6 11 6 8 18 4 3 5 7 17 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 46,368 2,642 10,781 2,614 3,840 4,163 2,513 8,180 1,720 793 1,721 1,658 5,743 Collateral for F. R. notes* Gold certificate account 3,522 200 500 300 560 600 -- 1,000 180 27 -- 155 — Eligible paper -- -- -- -- -- -- -- -- -- -- -- -- — U. S. Government securit]L es 44.970 2,531 10,600 2,500 3,400 3,649 2,600 7,650 1,600 785 1,775 1,630 6,250 Total collateral 48,492 2,731 11,100 2,800 3,960 4,249 2,600 8,650 1,780 812 1,775 1,785 6,250 1/ After deducting $111 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit, * Less than $500,000. 3/ After deducting $ 91 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis