H.4.1 Factors Affecting Reserve Balances of Depository Institutions

of GOv£* FEDERAL RESERVE statistical r e l e a se For immediate release July 17, 1969 The average of daily figures of total reserves of member banks increased $150 million in the latest week to $27,302 million. Required reserves, excess re serves and member bank borrowings all increased, on average, during the week. Changes in factors affecting member bank reserves were marginal in the latest statement week. Relatively moderate reserve absorptions through changes in float, currency in circulation and Treasury deposits with Federal Reserve Banks were offset by a nearly equal provision of reserves from the other reserve factors. System Open Market operations had little net reserve effect, on a weekly average basis. Member bank borrowings increased $259 million and exceeded excess reserves by $1,125 million compared to the revised figure of $941 million for the previous week* Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, July 16, July 9, July 17, July 16, and related items 1969 1969 1968 1969 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright—System account 54,565 122 +2,675 54,565 Held under repurchase agreements 27 92 77 191 Federal Agency obligations— Held under repurchase agreements 15 65 Acceptances- Bought outright 40 2 18 41 Held under repurchase agreements 3 11 15 20 Discounts and advances- Member bank borrowings 1,278 + 259 + 808 2,085 Other — ... 14 -- Float 2,625 - 158 + 712 2,609 Other F. R. assets 2,698 + 21 + 309 2,609 Total Reserve Bank credit 61,246 + 125 +4,390 62,185 Gold stock 10,367 _-. _.. 10,367 Treasury currency outstanding 6,737 - 3 + 10 6,734 78,350 + 122 +4,400 79,286 Currency in circulation 51,462 + 79 +3,205 51,444 Treasury cash holdings 642 - 4 - 189 656 Treasury deposits with F. R. Banks 1,118 + 66 + 12 1,088 Foreign deposits with F. R. Banks 128 - 48 27 116 Other deposits with F. R. Banks 467 - 28 3 462 Other F. R. liabilities and capital 2,048 - 64 + 321 1,939 55,866 + 1 +3,320 l 55,705 Member bank reserves: With Federal Reserve Banks 22,484 + 120 +1,080 23,581 Currency and coin 4,818 + 30 + 211 4,818 Total reserves held 27,302 + 150 +1,291 28,399 Required reserves 27,149 + 75 +1,412 1 27,149 Excess reserves 153 + 75 - 121 1,250 NOTE: A net of $89 million of surplus reserves were eligible to be carried forward from the week ended July 9, into the week ending July 16. On July 16, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,287 million, a decrease of $254 million for the week. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4,1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In milliods of dollars) Wednesday Change since July 16, July 9, July 17, 1969 1969 1968 A S S E TS Gold certificate account 10,027 + 2 Cash (590) 167 - 5 - 225 Discounts and advances 2,085 +1 ,426 +1,164 Acceptances: Bought outright 41 . 17 Held under repurchase agreements 20 • 20 57 Federal Agency obligations Held under repurchase agreements 65 L 65 f 65 U. S. Government securities: Bought outright- Bills 19,869 + 850 +1,750 Certificates Notes 30,553 +2,807 Bonds 4,143 -1.961 Total bought outright 54,565 + 850 +2,596 Held under repurchase agreements 191 + 191 - 158 Total U. S. Government securities 54,756 +1,041 +2,438 Total loans and securities 56,967 +2,552 +3,593 Cash items in process of collection (2,842) 10,716 + 905 +1,424 Bank premises 114 -- -- Other assets 17 2,495 - 107 + 397 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3,432) 80,486 +3,345 +5,191 L I A B I L I T I E S* Federal Reserve notes (590) 45,193 130 +2,816 Deposits: Member bank reserves 23,581 + 2,817 +1,068 U. S. Treasurer—general account 1,088 16 + 119 Foreign 116 23 19 Other 2/ (2) 462 25 18 Total deposits (2) 25,247 +2,753 +1,150 Deferred availability cash items (2,840) 8,107 + 889 +1,004 Other liabilities and accrued dividends 481 + 16 + 118 TOTAL LIABILITIES (3,432) 79,028 +3,523 +5,088 C A P I T AL A £ C 0 U N T S_ Capital paid in 662 + 1 + 45 Surplus 630 + 32 Other capital accounts 166 184 + 26 Contingent liability on acceptances purchased for foreign correspondents 155 4 4- 50 * 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. _^ MATURITY.DISTRIBUTION, OF LOANS__AND SECURITIKST JULY 16, "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 <a nd Federal Agency obligations advances Acceptances Holding i £ IJeekly changes Within 15 days 2,067 31 3,087 -3-5-0 4 • ~ 16 days to 90 days 18 30 9,246 + 260 91 days to 1 year -- -- 20,631 - 14 Over 1 year to 5 years -- 7,715 -- Over 5 years to 10 yeaarrss „ 13,471 _- Over 10 years -- -- 671 -_ Total !,085 61 54,821 +1,106 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 16, 1969 San New Phila Cleve Rich St. Minne Kansas Total 1 Boston Atlanta Chicago Dallas Fran York delphia land mond Louis 1 apolis City cisco i (In millions of dollars) A S S E TS Gold certificate account 10,027 648 2,227 451 849 867 475 1,575 158 123 294 276 2,083 F. R« notes of other bcinks | 590 34 178 53 30 49 57 31 23 16 25 20 74 Other cash 167 9 15 6 20 13 23 15 18 4 13 10 21 Discounts and advances 2,085 64 473 59 31 115 94 474 147 50 95 163 319 Acceptances: Bought outright 41 -- 41 -- -- — -- -- -- _> — -- -- Held under repurchase agreements 20 -- 20 -- -- -- -- -- -- -- -- — -- Federal Agency obligations - Held under repurchase agreements 65 65 U. S. Government securities. Bought outright — Bills 19,869 1 ,005 4,920 1,060 1,549 1,491 1,078 3,255 715 405 764 84] 2,786 Certificates -- -- - -- -- -- -- -- -- -- - -- -. Notes 30,553 1 ,547 7,565 1,630 2,382 2,292 1,658 5,005 1,100 623 1,174 1 ,293 4,284 Bonds 4 143 210 1^026 221 323 311 225 679 149 84 159 175 581 ? Total bought outright 54,565 2 ,762 13,511 2,911 4,254 4,094 2,961 8,939 1,964 1, 112 2,097 2 ,309 7,651 Held under repurchase agreements 191 -- 191 __ -- -- -- - -- -- -. -_ - • Total U. S. Government securities 54,756 2 ,762 13,702 2,911 4,254 4,094 2,961 8,939 1,964 1 ,112 2,097 2 ,309 7,651 Total loans and securities 156,967 2 ,826 14,301 2,970 4,285 4,210 3,055 9,413 2,111 1 ,162 2,192 2 ,472 7,970 Cash items in process of collection 113,558 835 2,247 714 1,005 1,083 1,163 2,354 700 499 905 775 1,277 Bank premises 1 114 2 9 2 5 11 18 17 8 5 19 9 9 Other assets 1/ 2,495 112 800 121 197 132 139 341 80 50 95 122 306 TOTAL ASSETS 83,918 *• , 465 19,777 4,317 6,392 6,365 4,931 13,746 3,oog 1 ,859 3,543 3 684 11,740 1/ Includes* assets denominated in foreign currencies and IMF gold deposited. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 16, 1969 New Phila Cleve Rich St. Minne Kans as San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Franjcisco (In millions of dollars) LI_ABJ.LI_TI.E_S_ Federal Reserve notes 45,783 2,664 10,531 2,656 3,708 4,162 2,435 8,105 1,700 794 1,717 1,626 5,685 Deposits: Member bank reserves 23,581 883 6,497 893 1,556 1,037 1,320 3,363 691 544 924 1,268 4,605 U. S, Treasurer--general account 1,088 69 114 74 80 112 79 115 77 56 96 78 138 Foreign 116 5 1/ 34 6 10 6 7 16 4 2 5 6 15 Other 464 . 2 2/407 __!_ __2 11 _2 _5 ] 2 12 3 16 Total deposits 25,249 959 7,052 974 1,648 1,166 1,408 3,499 773 604 1,037 1,355 4,774 Deferred availability cash items 10,947 750 1,686 873 925 973 1,852 559 418 710 603 1,010 588 Other liabilities and accrued dividends 481 23 124 35 35 24 74 16 11 18 20 -..77 24 TOTAL LIABILITIES 82,460 4,396 19,393 4,242 6,264 6,238 4,840 13,530 3,043 1,827 3,482 3,604 11,546 CAPITAL ACCOUNTS •Capital paid in 662 32 176 34 59 33 42 97 23 15 28 37 86 Surplus 630 31 160 33 56 33 40 93 22 14 27 36 85 Other capital accounts 166 7 48 13 11 __9_ 26 _5_ _3 _2_ -23_ TOTAL LIABILITIES AND 83,918 4,466 19,777 4,317 6,392 6,365 4,931 13,746 3,. 098 1,859 3,543 3,684 11,740 CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign cor re spondents __,,_ 155 7 3/ 39 14 8 10 23 21 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 1,769 11,109 2,745"~179~31 47277 27581 "87373" T, 792 817 1,795 1,758 5,974 Collateral for F. R. notes: 200 500 300 560 535 -- 1,000 155 27 Gold certificate account 5 Eligible paper U. S. Government securities 2.601 10.800 2.600 3.500 3.810 2,650 7.650 1,700 815 1.825 1.780 Ju25Q_ Total collateral 2,801 11,300 2,900 4,060 4,345 2,650 8,650 1,855 842 1,825 1,785 6,250 1/ After deducting $82 million participations of other Federal Reserve Banks 2/ Includes IMF gold deposit. 3/ After deducting $136 million participations of other Federal R serve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis