H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks ^ ^ T n t ^S The average of daily figures of total reserves of member banks increased $3 million in the latest week to $26, 575 million. Required reserves rose while excess reserves and borrowings declined Federal Reserve asset and liability accounts Beginning with this release previously netted together and shown as "Other Federal Reserve accounts (net)" will be reported as "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital." Other Federal Reserve assets rose in the latest week, providing reserves, while Other Federal Reserve 1i abilities and capital declined, also providing reserves. Treasury deposits with Federal Reserve Banks declined sharply, in the latest statement week, providing reserves; in addition, the Treasury borrowed an average of $723 million from the Federal Reserve through the issuance of special certificates to meet seasonal cash needs. System Open Market operations absorbed nearly $800 million of reserves, on weekly average, primarily through matched sale-purchase trans actions. Member bank borrowings exceeded excess reserves by $655 million, compared to the revised figure of $756 million for the previous week. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, April 16, April 9, (April 17, April 16, and related items 1969 1969 1968 1969 (In millions of dollars) Reserve Bank credit: U. S. Government securities- 1/ Bought outright—System account 51,450 -559 +1,498 51,280 Held under repurchase agreements -211 - 260 Special Certificates 723 +627 + 723 627 Federal Agency obligations — Held under repurchase agreements Acceptances- Bought outright 51 - 1 5 52 Held under repurchase agreements - 33 14 Discounts and advances- Member bank borrowings 760 -187 _ 3 921 Other -- - 15 Float 2, 282 + 33 + 478 ,327 Other F. R. assets 2 ,807 + 31 + 448 ,832 Total Reserve Bank credit 58 ,072 -315 +2, 842 58,0 39 Gold stock 10, 367 -- - 117 10,3 67 Treasury currency outstanding 6 ,746 + 5 - 53 6 ,747 75, 185 -310 +2, 672 75,153 Currency in circulation 49, 863 + 97 +2, 962 49,869 Treasury cash holdings 704 - 6 - 422 710 Treasury deposits with F. R. Banks 8 -369 - 414 7 foreign deposits with F. R. Banks 126 - 29 - 22 130 Other deposits with F . R. Banke 514 - 35 - 20 528 Other F . R. liabilities and capital 1, 937 - 64 + 245 1,808 53, 153 -405 +2, 331 53,052 Member bank reserves: With Federal Reserve Banks 22, 032 + 95 + 341 22,101 Currency and coin 4 ,543 - 92 + 144 4,543 Total reserves held 26, 575 + 3 + 485 26,644 Required reserves 26, 470 + 89 + 907 26,470 Excess reserves 105 - 86 - 422 174 NOTE: A net of $125 million of surplus reserves were eligible to be carried forward from the week ended April 9, into the week ending April 16. y Reflects $674 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. On April 16, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,425 mill Ion, a deovease of ,$33 million for the week. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OFCONpITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since April 16 * April 9, April 17,. 1969 1969 1968 A S S E TS Gold certificate account 10,024 106 * Cash (673) 205 - 206 Discounts and advances 921 + 263 + 291 Acceptances: Bought outright 52 4 Held under repurchase agreements Federal Agency obligations-- Held under repurchase agreements 18 U. S. Government securities: Bought outright-- Bills 16,847 686 + 340 Certificates - Special 627 108 + 627 - Other Notes 30,046 +2,826 Bonds 4.387 -1,943 Total bought outright 1/ 51,907 578 +1,850 Held under repurchase agreements - 131 Total U. S. Government securities 51,907 - 578 +1,719 Total loans and securities 52,880 - 315 +1,988 Cash items in process of collection (2, 690) 10,566 +1,831 +1,184 Bank premises 114 -- + 1 Other assets 2/ 2,718 + 46 + 552 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3,363) 76,507 +1,561 +3,413 L I A B I L I T I ES Federal Reserve notes 673) 43,694 108 +2,435 Deposits: Member bank reserves 22,101 + 362 + 703 U. S. Treasurer--general account 7 - 492 Foreign 130 22 + 14 Other 3_/ (11) 528 ; 3_I_ ± L Total deposits (11) 22,766 + 309 + 226 Deferred availability cash items (2,679) 8,239 +1,579 + 609 Other liabilities and accrued dividends 399 - 30 +_ 66 TOTAL LIABILITIES (3,363) 75,098 +1,750 +3,336 C A P I T AL A C C O U N TS Capital paid in 644 -- + 31 Surplus 630 — + 32 Other capital account 135 189 + 14 Contingent liability on acceptances purchased for foreign correspondents 125 + 3 + 25 * Figures in parentheses are the eliminations made in the consolidating process. \J Reflects $674million 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 i'6, 1969 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. g. Government securities and Federal Agency obligations Discounts and Holdings Weekly changes advances Acceptances Within 15 days 917 9 3,202 +573 16 days to 90 days 4 43 8,426 -731 91 days to 1 year 7,759 -420 Over 1 year to 5 years 18,507 Over 5 years to 10 years 13,376 Over 10 years 637 Total 921 52 51,907 -578 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 16, 1969 H.4.1(b) San New Phila Cleve Rich St Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E TS Gold certificate account 10,024 507 1,372 641 814 958 573 2,011 316 211 367 431 1,823 F. R. notes of other banks 673 ! 56 212 39 52 56 80 35 18 7 15 24 79 Other cash 205 9 24 7 24 17 28 17 22 5 16 10 26 Discounts and advances 921 /8 316 10 73 29 63 95 81 41 35 10 90 Acceptances: Bought outright 52 — 52 -- -- -• -.- -- -_ _ - — . __ — Held under repurchase agreements -- -- -- -- -- -- -. - «. — Federal Agency obligations- Held under repurchase agreements -- U. S. Government securities: Bought outright-- Bills 16,847 866 4,297 863 1,300 1,249 887 2,776 584 320 637 695 2,373 Certificates—Special 627 -- 627 -- -- — _-. - - -. - — — — — Other -- -- -- -- -- -- _- -.-. - — «. «. — — Notes 30,046 ! l ,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 .2,2.5 339 325 _2J!i_ 723 .152 , 83 166 181 6]R Total bought outright 51,907 ! 2 ,634 13,705 2 ,629 3,958 3,803 2 ,700 8,449 1 ,778 973 1 ,940 2 ,115 7,2:3 Held under repurchase agreements -- -- -- — -- -- -- -- -- __ - — •" Total U. S. Government securities |51,907 2 ,634 13,705 2 ,629 3,958 3,803 2 ,700 8,449 1 ,778 973 1 ,940 2 ,115 . 7.213 Total loans and securities 52,880 1 2 ,712 14,073 2 ,639 4,031 3,832 2 ,763 8,544 1 ,859 1,014 1 ,975 2 ,125 7,313 Cash items in process of collection 13,256 829 2,334 839 1,020 1,120 1 ,210 1,973 700 455 891 714 1,171 Bank premises 114 3 10 2 5 11 18 17 8 4 18 9 0 Other assets 1/ 2,718 122 863 129 215 144 152 379 87 55 104 132 335 TOTAL ASSETS 79,870 4 ,238 18,888 4 ,296 6,161 6,138 4 ,824 12,976 3 ,010 1,751 3 ,386 3 ,445 10,757 jL/ 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 16, 1969 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 44,367 2,573 10,247 2,553 3,617 4,052 2,329 7,938 1,653 768 1,660 1,537 5,440 Deposits: Member bank reserves 22,101 811 5,971 994 1,485 1,013 1,344 3,011 744 546 914 1,220 4,048 V. S. Treasurer—general account 7 1 >C * 1 "i\ * 1 1 * a- 1 2 Foreign 130 6 1/ 33 7 12 7 8 19 5 3 6 7 17 Gtker 539 1 2/493 1 10 2 5 4 2 2 2 17 Total deposits 22,777 819 6,497 1,002 1,498 1,030 1,354 3,036 754 551 922 1,230 4,084 Deferred availability cash items 10,918 758 1,685 649 888 951 1,030 1,726 541 391 729 584 986 •Other liabilities and accrued dividends 399 1 20 99 20 31 30 21 65 13 9 15 16 60 TOTAL LIABILITIES 78,461 4,170 18,528 4,224 6,034 6,063 4,734 12,765 2,961 1,719 3,326 3,367 10,570 CAPITAL ACCOUNTS Capital paid in 644 31 164 33 59 33 42 95 22 15 28 37 85 SurpJbus 630 31 160 33 56 33 40 93 22 14 27 36 85 Other capital accounts 135 6 36 6 12 9 8 23 5 3 5 5 17 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 179,870 1 4,238 18,888 4,296 6,161 6,138 4,824 12,976 3,010 1,751 3,386 3,445 10,7.57..._ Contingent liabilitiy on ac: cept- _ances purchased for foreign correspondents I 125 .1 6_ 3/ 32 6 11 7_ 8_ 19 4 3 5_ 7 17 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 2,652 10,779 2,620 3,875 4,179 2,504 8,194 1,725 796 1,734 1,673 5,750 Collateral for F. R. notes: Gold certificate account 200 500 300 560 600 1,000 180 27 — 155 Eligible paper U. S. Government securities 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 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 $ 97 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. * Less than $500,000. 3/ After deducting $ 93 million participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis