H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•rtf-SSKsi:- F E D E R AL R E S E R VE s t a t i s t i c al r e l e a se ••?f*ra£ H.4.1 For immediate release August 7, 1969 The average of daily figures of total reserves of member banks increased $401 million (net) in the latest week to $26,966 million. Required reserves rose, in part reflecting the mid-July Treasury financing. Excess reserves increased while member bank borrowings declined. Increases in currency in circulation and other Federal Reserve liabilities and capital were the major factors draining reserves in the latest week. More than offsetting these reserve drains was a reduction in Treasury deposits with Federal Reserve Banks, providing reserves. In addition, System Open Market operations supplied over $700 million reserves on a weekly average basis. More than half of these reserves were provided through repurchase agreements. Member bank borrowings declined $180 million, on weekly average, and ex ceeded excess reserves by $923 million, compared to the revised figure of $1,166 million for the previous week. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, August 6, July 30, August 7, August 6, and related items 1969 1969 1968 1969 (In millions of doll. ars) Reserve Bank credit: U. S, Government securities-- Bought outright—System account 54,138 + 241 + 1,978 54,138 Held under repurchase agreements 431 + 431 + 121 673 Federal Agency obligations-- Held under repurchase agreements 48 + 48 35 70 • Acceptances-- Bought outright 40 - 1 15 41 Held under repurchase agreements 22 + 22 19 46 Discounts and advances-- Member bank borrowings 1,093 180 + 356 1,152 Other — — - 11 -- Float 2,149 - 33 + 504 2,253 Other F. R. assets 2,605 - 85 + 471 2,616 Total Reserve Bank credit 60,526 + 443 + 3,421 60,989 Gold stock 10,367 — — 10,367 Treasury currency outstanding 6,738 + 1 + 12 6,738 77,631 + 444 + 3,434 78,094 Currency in circulation 51,112 + 106 + 3,136 51,403 Treasury cash holdings 669 - 7 - 155 654 Treasury deposits with F. R. Banks 867 - 310 + 22 585 Foreign deposits with F. R. Banks 153 + 30 - 51 153 Other deposits with F. R. Banks 476 + 23 + 1 468 Other F. R. liabilities and capital 2,118 + 99 + 258 2,148 Member bank reserves: 55,394 - 61 + 3,210 55,411 With Federal Reserve Banks 22,237 + 505 + 223 22,683 Currency and coin 4,729 - 104 + 516 4,729 Total reserves held 26,966 + 401 + 739 j 27,412 Required reserves 26,796 + 338 + 911 26,796 Excess reserves 170 + 63 - 172 1 616 NOTE: A net of $91 million of surplus reserves were eligible to be carried forward from the week ended July 30, into the week ending August 6. On August 6, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,589 million, an increase of $139 million for the week. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Aug. 6, July 30, Aug. 7, 1969 1969 1968 A S S E TS Gold certificate account 10,027 -- + i * Cash (629) 154 - 2 - 203 Discounts and advances 1,152 + 167 + 638 Acceptances: Bought outright 41 „ «. . 13 Held under repurchase agreements 46 + 46 - 28 Federal Agency obligations Held under repurchase agreements 70 + 70 + 26 U. S. Government securities: Bought outright- Dills 19,442 +1,155 +1,132 Certificates Notes 30,553 +2,807 Bonds 4,143 -1,961 Total bought outright 54,138 +1,155 +1,978 Held under repurchase agreements 673 + 673 + 79 Total U. S. Government securities 54,811 +1,828 +2,057 lotal loans and securities 56,120 +2,111 +2,680 Cash items in process of collection ,192) 9,087 + 416 +1,396 Bank premises 114 — + 1 Other assets 1/ 2,502 - 94 + 433 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS ,821) 78,004 +2,431 +4,308 1 I £ £ Ik II IS. 1 Federal Reserve notes (629) 45,133 + 252 +2,769 Deposits: Member bank reserves 22,683 +2,389 + 368 U. S. Treasurer—general account 585 - 642 + 227 Foreign 153 + 32 1 Other 2/ 468 + 3 + 1 Total deposits 23,889 +1,782 + 535 Deferred availability cash items (2,192) 6,834 + 277 + 739 Other liabilities and accrued dividends 512 + 60 + 126 TOTAL LIABILITIES (2,821) 76,368 +2,371 +4,169 C A P I T AL A C C O U N TS Capital paid in ~ 662 — + 44 Surplus 630 - + 32 Other capital accounts 344 + 60 + 63 Contingent liability on acceptances purchased for foreign correspondents 161 + 9 + 33 * Figures in parentheses are the eliminations made in the consoldating process. 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 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. S. Government securities and Discounts and Federal A sency obligations advances Accentsm ces Holdings Weekly changes 3T~ Uithin 15 days 1,129 3,229 +1,510 16 days to 90 days 23 34 9,227 + 368 91 days to 1 year — — 20,568 + 20 Over 1 year to 5 years -- -- 7,715 -- Over 5 years to 10 yearss -- 13,471 -- Over 10 years — — 671 — Total 1,152 87 54,881 +1,898 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 AUGUST 6, 1969 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 10,027 611 2,110 515 770 957 545 1,946 315 76 348 202 1,632 F. R. notes of other banks 629 55 177 49 40 45 66 26 26 24 20 18 83 Other cash 154 5 13 6 20 12 23 13 16 3 12 10 21 Discounts and advances 1,152 17 195 43 42 72 49 212 22 29 73 129 269 Acceptances: Bought outright 41 41 ** "* "" "* «a tm •" "" "" "• -- -• -- Held under repurchase agreements 46 46 •• m, — *m Federal Agency obligations- Held under repurchase agreements 70 70 U. S. Government securities: Bought outright- Bills 19,442 1,010 4,662 1,035 1,535 1,456 1,071 3,180 704 399 753 826 2,811 Certificates 1 -- -- -- -- -- -- -- -- -- • • «, «. Notes 30,553 1,586 7,325 1,627 2,412 2,289 1,683 4,998 1,107 628 1 ,183 1,298 4,417 Bonds 4,143 215 993 221 327 310 228._. 678 ISO 85 161 176 599 Total bought outright 54,138 2,811 12,980 2,883 4,274 4,055 2,982 8,856 1,961 1 ,112 2 ,097 2,300 7,827 Held under repurchase agreements 673 ... 673.. --. - - -- ... • •. -.-. «» .. «• «• Total U. S, Government securities 54,811 2,811 13,653 2,883 4,274 4.055 2,982 8,856 1,961 1 >H2, 2 ,097 2,300 7,827 Total loans and securities 56,120 2,828 14,005 2,926 4,316 4,127 3,031 9,068 1,983 1 ,141 2 ,170 2,429 8,096 Cash items in process of collection 111,279 716 2,035 630 755 967 994 1,808 537 411 723 638 1,065 Bank premises 114 2 9 2 5 11 18 17 8 5 19 9 9 Other assets 1/ 2,502 111 802 122 196 134 139 342 80 50 94 121 311 TOTAL ASSETS 80,825 4,328 19,151 4,250 6,102 6,253 4,816 13,220 2,965 1 ,710 3 ,386 3,427 11,217 J7 Includes assets denominated in foreign currencies and IMF gold deposited, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 6, 1969 H.4.1(c) 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 i 45,762 \ 2,643 10,542 2,651 3,709 4,155 2,422 8,122 1,599 789 1,718 1,636 5,676 Deposits: Member bank reserves : 22,683 899 6,197 884 1,482 1,081 1,345 3,241 721 511 921 1,141 4,260 U. S. Treasurer--general account 585 28 50 60 47 63 65 42 48 21 52 28 81 Foreign 153 7 1/ 41 8 13 8 10 22 5 3 7 9 20 Other 468 -- 2/425 2 1 11 2 4 2 1 3 2 15 Total deposits 23,889 934 6,713 954 1,543 1,163 1,422 3,309 77: 536 983 1,180 4,376 Deferred availability cash items 9,026 647 1,325 538 670 810 845 1,4,7 417 338 599 504 866 Other liabilities and accrued dividends 512 25 142 24 37 35 26 76 17 11 19 20 80 TOTAL LIABILITIES 79,189 4,249 18,722 4,167 5,959 6,163 4,715 12,974 2,909 1,674 3,319 3,340 10,998 CAPITAL ACCOUNTS Capital paid in 662 31 176 34 59 33 42 98 23 15 28 37 86 Surplus 630 31 160 33 56 33 40 93 22 14 27 36 85 Other capital accounts 344 17 93 16 28 24 19 55 11 7 12 14 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS *0,825 4,328 19,151 4,250 6,102 6,253 4,816 13,220 2,965 1,710 3,386 3,427 11,217 Contingent liability on acee ptances purchased for foreig n correspondents 161 8 3/ 41 8 14 8 10 24 6 4 7 9 22 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 47,952 2,735 11,222 2,734 3,936 4,265 2,502 8,386 1,787 8 2~ 1,801 1,759 5,945 Collateral for F. R. notes Gold certificate account 3,282 200 500 300 560 i35 1,000 155 27 5 Eligible paper U. S. Government securities 45,981 2,601 10,800 2,600 3,500 3,810 2,650 7,650 1,700 815 1,825 1,780 6,250 Total collateral 49,263 2, .01 11,300 2,900 4,060 4,345 2,650 8,650 1,855 842 1,825 1,785 6,250 1/ After deducting $112 million participations of other Federal Reserve Banks 2/ Includes IMF gold deposit. ±/ After deducting $120 million participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis