H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE s t a t i s t i c al r e l e a se ••?f^f^r-- H.4.1 For immediate release August 14, 1969 The average of daily figures of total reserves of member banks declined $206 million (net) in the latest statement week to $26,798 million. Required and excess reserves declined while member bank borrowings increased. Increases in currency in circulation and Treasury deposits with Federal Reserve Banks were the major factors abosrbing reserves in the latest week. The increase in currency in curculation was about seasonal. Changes in other factors were marginal and had little effect on reserves on average. System Open Market operations drained reserves, on a weekly average basis. In part, this reserve drain reflects System matched Sale-purchase transactions undertaken near the end of the week. Member bank borrowings increased to a level of $1,328 million, slightly above the average level of recent weeks. Borrowings exceeded excess reserves by $1,153 million, compared to the revised figure of $885 million for the previous week. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, August 13, August 6, August 14, August 13, and related items 1969 1969 1968 1969 Reserve Bank credit: U. S. Government securities— 1/ Bought outright-^System account 54,067 71 + 1,855 53,834 Held under repurchase agreements 433 2 + 140 113 Federal Agency obligations-- Held under repurchase agreements 31 17 + 18 Acceptances-- Bbught outright 40 14 41 Held under repurchase agreements 22 11 Discounts and advances— Member bank borrowings 1,328 235 + 752 370 Other 4 Float 2,184 3 + 548 2 ,134 Other F. R. assets 2,640 35 + 515 2 ,674 Total Reserve Bank credit 60,745 + 181 +3,800 59 166 Gold stock 10,367 10, ,367 Treasury currency outstanding 6,738 8 6, an 77,850 + 181 + 3,808 76,270 Currency in circulation 51,433 + 321 + 3,144 51,510 Treasury cash holdings 659 10 152 672 Treasury deposits with F. R. Banks 1,024 157 + 97 1,100 Foreign deposits with F. R. Banks 143 10 46 141 Other deposits with F. R. Banks 464 12 + 15 486 Other F. R. liabilities and capital 2,102 16 + 290 1,922 Member bank reserves: 55,824 + 430 + 3,347 55,831 With Federal Reserve Banks 22,026 - 249 + 461 20,439 Currency and coin 4,772 + 43 + 447 4,772 Total reserves held 26,798 206 908 25,211 Required reserves 26,623 173 1,047 26,623 Excess reserves 175 33 139 -1,412 NOTE: A net of $133 million of surplu s reserves were eligible to be carried forward from the week ended August 6, into the week ending August 13. 1/ Reflects $335 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. On August 13, 1969, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,878 million, an increase of $289 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 millions of dollars) Wednesday Change ss ince Aug. 13, Aug. 6, Aug. 14, 1969 1969 1968 A S S E TS Gold certificate account 10,027 + 1 * Cash ( 611) 153 1 202 Discounts and advances 370 - 782 + 79 Acceptances: Bought outright 41 - 13 Held under repurchase agreementss 46 44 Federal Agency obligations— Held under repurchase agreementss 70 1 U. S. Government securities Bought outright— Bills 19,138 304 + 776 Certificates Notes 30,553 +2,807 Bonds 4,143 — -1,961 Total bought outright 1/53,834 - 304 +1,622 Held under repurchase agreements 113 - 560 - 195 Total U. S. Government securities 53,947 - 864 +1,427 Total loans and securities 54,358 -1,762 +1,448 Cash items in process of collection (2,368) 9,316 + 214 + 682 Bank premises 114 -- + 1 Other assets 2/ 2,560 + 58 + 583 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,979) 76,528 -1,491 +2,513 L U B I L I T IE S Federal Reserve notes (611) 45,258 125 +2,785 Deposits: Member bank reserves 20,439 -2,259 - 870 U. S. Treasurer—general account 1,100 + 515 + 169 Foreign 141 12 - 75 Other 3/ (1) 486 + 18 - 5 Total deposits (1) 22,166 -1,738 - 781 Deferred availability cash items (2,367) 7,182 + 348 + 288 Other liabilities and accrued dividends 484 28 + 118 TOTAL LIABILITIES (2,979) 75,090 -1,293 +2, 410 £ A P I T A L A C C O U N TS Capital paid in 664 2 + 46 Surplus 630 -- + 32 Other capital accounts 144 - 200 + 25 Contingent liability on acceptances purchased for foreign correpondents 161 -- + 13 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Reflects $ 335 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, AUGUST 13. 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 Agency obligations advances Acceptances Holdings Weekly changes Within 15 days 351 9 2,274 -955 16 days to 90 days 19 32 9,311 + 84 91 days to 1 year 20,505 - 63 Over 1 year to 5 years 7,715 -- Over 5 years to 10 years 13,471 — Over 10 years — — 671 __^-_ Total 370 41 53,947 -934 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 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 10,027 566 2,334 513 901 1,011 528 1,862 345 81 436 258 1,192 F. R. notes of other banks 611 60 172 48 36 45 62 24 26 21 22 18 77 Other cash 153 5 13 7 18 12 23 14 16 3 12 10 20 Discounts and advances 370 9 79 6 9 8 22 84 14 18 55 43 23 Acceptances: Bought outright 41 — 41 — — — — — -- — — — — Held under repurchase agreements — — — — — — — -- — — — — — Federal Agency obligations- Held under repurchase agreements — — — — — U. S. Government securities: Bought outright— Bills 19,138 994 4,589 1,019 1,511 1,434 1,054 3,130 693 393 741 813 2,767 Certificates — — — — — — — — — — — — — 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 4,143 215 993 221 327 310 228 678 150 85 161 176 599 r Total bought outright 53,834 2,795 12,907 2,867 4,250 4,033 2,965 8,806 ,950 ~T, 106 2,085 ~Z ,287 7,783 Held under repurchase agreements 113 — 113 — — -- — — -- — — — -r Total U. S. Government securities 53,947 2,795 13,020 2,867 4,250 4,033 2,965 8,806 ,950 "T, 106 2,085 ~~2, 287 7,783 Total loans and securities 54,358 2,804 13,140 2,873 4,259 4,041 2,987 8,890 i ,964 1 ,124 2,140 2 ,330 7,806 Cash items in process of collection 11,684 693 1,853 649 805 989 1,127 1,937 579 450 786 703 1,113 Bank premises 114 2 9 2 5 11 18 17 8 5 19 9 9 Other assets _1/ 2,560 114 813 124 201 138 142 355 83 52 97 123 318 TOTAL ASSETS 79,507 4,244 18,334 4,216 6,225 6,247 4,887 13,099 3 ,021 1 ,736 3,512 3 ,451 10,535 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 AUGUST 13, 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 45,869 2,657 10,549 2,655 3,728 4,171 2,423 8,145 1,701 791 1,720 1,650 5,679 Deposits: Member bank reserves 20,439 812 5,276 897 1,533 993 1,303 3,034 707 471 961 1,065 3,387 U. S. Treasurer--general account 1,100 30 143 45 69 105 83 77 69 43 111 67 258 Foreign 141 6 1/ 47 7 11 7 8 19 4 3 5 7 17 Other 487 3 2/436 1 1 10 2 5 2 2 3 1 21 Total deposits 22,167 851 5,902 950 1,614 1,115 1,396 3,135 782 519 1,080 1,140 3,683 Deferred availability cash items 9,549 642 1,391 514 718 850 952 1,528 472 383 633 562 904 Other liabilities and accrued dividends 484 25 113 23 38 35 26 77 17 11 19 20 80 TOTAL LIABILITIES 78,069 4,175 17,955 4,142 6,098 6,171 4,797 12,885 2,972 1,704 3,452 3,372 10,346 CAPITAL ACCOUNTS Capital paid in 664 32 176 34 59 34 42 98 23 15 28 37 86 Surplus 630 31 160 33 56 33 40 93 22 14 27 36 85 Other capital accounts 144 6 43 7 12 9 8 23 4 3 5 6 18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 79,507 4.244 18,334 4,216 6,225 6,247 4,887 13,099 3,021 1,736 3,512 3,451 10,535 Contingent liability on ace: eptances purchased for foreien 161 8 3/ 41 8 14 8 10 24 6 4 7 9 22 correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding 47,869 2,763 11,035 2,731 3,966 4,280 2,575 8,417 1,787 816 1,799 1,752 5,948 Collateral for F. R. notes: Gold certificate account 3,282 200 500 300 560 535 — 1,000 155 27 — 5 — Elibible paper -- -- — — — — — — — — — — — U. S. Government securiti. es 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 2,801 11,300 2,900 4,060 4,345 2,650 8,650 1,855 842 1,825 1,785 6,250 1/ After deducting $ 94 million participations of other Federal Reserve Banks, 7/ Includes IMF gold deposit. Digitized for FRASER 3/ After deducting $120 million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis