H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release October 30, 1969 The average of daily figures of the total reserves of member banks declined $407 million in the latest statement week to $27,197 million. Required reserves and excess reserves declined while member bank borrowings increased to a level slightly above the average for recent weeks. Float was the principal factor draining reserves in the latest week, declining about $600 million. A moderate seasonal decline in currency in cirulation offset part of the net drain from other factors. System Open Market operations absorbed $350 million on a weekly average basis, reflecting primarily outright sales of U. S. Government securities and matched sale-purchase transactions. About $200 million of matched sale-purchase transactions were outstanding at the end of the week. Member bank borrowings exceeded excess reserves by $1,070 million, compared to the revised figure of $862 million for the previous week. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, October 29, October 22, October 30,. October 29, and related items 1969 1969 1968 1969 1/ Reserve Bank credit: U. S. Government securities— Bought outright--System account 54,557 . 181 +1,212 54,783 Held under repurchase agreements -- - 108 - 57 -- Federal Agency obligations-- Held under repurchase agreements -- 44 -- -- Acceptances-- Bought outright 40 _. 16 40 Held under repurchase agreements -- 15 -- -- Discounts and advances— Member bank borrowings 1,183 + 168 + 688 1,177 Other Float 2,396 . 609 + 678 2,055 Other F. R. assets 3,117 - 20 + 911 . 3,019 Total Reserve Bank credit 61,293 - 810 +3,416 61,074 Gold stock 10,367 -- -- 10,367 Treasury currency outstanding 6,792 + 7 + 25 6,802 78,452 - 803 +3,441 78,243 Currency in circulation 51,650 - 169 +3,094 51,783 Treasury cash holdings 660 - 3 - 122 663 Treasury deposits with F. R. Banks 945 + 2 - 147 1,055 Foreign deposits with F. R. Banks 117 -- 10 119 Other deposits with F. R. Banks 450 - 12 + 12 462 Other F. R. liabilities and capital 2,085 + 56 + 261 2,103 55,906 - 128 +3,087 56,185 Member bank reserves: With Federal Reserve Banks 22,545 - 677 + 353 22,058 Currency and coin 4,652 + 270 + 124 4,652 Total reserves held 27,197 - 407 + 477 26,710 Required reserves 27,084 - 367 + 716 27,084 Excess reserves 113 - 40 - 239 - 374 NOTE: A net of $108 million of surplus reserves were eligible to be carried forward from the week ended October 22, into the week ending October 29. 1/ Reflects $195 million of securities sold, and scheduled to be bought back, under ~" matched sale-purchase transactions. On October 29, 1969, U.S. Government securities held in custody by the Federal Reserve Banks for foreign account were $9,117 million, an increase of $75 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 since Oct. 29, Oct. 22, Oct. 30, 1969 1969 1968 A S S E TS Gold certificate account 10,036 + 10 Cash (710) 144 7 - 143 Discounts and advances 1,177 + 594 + 664 Acceptances: Bought outright 40 17 Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements U. S. Government securities Bought outright-- Bills 19,958 + 890 + 777 Certificates Notes 31,357 — +2,933 Bonds 3,468 — -2,289 Total bought outright 1/ 54,783 + 890 +1,421 Held under repurchase agreements — — - 199 Total U. S. Government securities 54,783 + 890 +1,222 Total loans and securities 56,000 +1, 484 +1,869 Cash items in process of collection (2,427) 8,884 - 866 +1,006 Bank premises 113 •— 1 Other assets 2/ 2,906 - 91 + 790 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (3,137) 78,083 + 520 +3,531 L I A B I L I T I E S! Federal Reserve notes (710) 45,457 43 +2,790 Deposits: Member bank reserves 22,058 +1, 160 - 149 U. S. Treasurer—general account 1,055 - 275 - 100 Foreign 119 + 10 - 8 Other V 462 + 13 + 35 Total deposits 23,694 + 908 - 222 Deferred availability cash items (2,427) 6,829 - 406 + 702 Other liabilities and accrued dividends 522 + 2 + 136 TOTAL LIABILITIES (3,137) 76,502 + 461 +3, 406 C A P I T AL ACCOUNTS. Capital paid in 665 + 44 Surplus 630 -- + 32 Other capital accounts 286 - 59 + 49 Contingent liability on acceptances purchased for foreign correpondents 149 — 4-29 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Reflects $195 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, OCTOBER 29, 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 Ageni cy ob'L igations advances Acceptances Holdings We<s kly changes Within 15 days 1,170 8 2,883 4438 16 days to 90 days 7 32 8,503 4-343 91 days to 1 year — — 21,125 4-109 Over 1 year to 5 yearsi — 12,822 .. Over 5 years to 10 yeatrrss -- 8,776 -- Over 10 years — — 674 — Total 1,177 40 54,783 +890 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 OCTOBER 29, 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 10,036 506 2,994 636 675 978 466 1,709 216 181 306 311 1,058 F. R. notes of other banks 710 100 168 42 47 50 62 36 23 26 35 26 95 Other cash 144 6 9 5 14 13 22 11 15 4 11 10 24 Discounts and advances 1,177 51 377 25 11 127 66 241 56 72 53 15 83 Acceptances: Bought outright 40 — 40 — — -- — — — — — — -- Held under repurchase agreements — -- -- — — — — — — — — -- -- Federal Agency obligations— Held under repurchase agreements -- - - — — - - U. S. Government securities: Bought outright— Bills 19,958 1,023 4,786 1,012 1,597 1,501 1,095 3,298 715 393 804 887 2,847 Certificates — — -- -- — — — -- -- -- -- — -- Notes 31,357 1,608 7,519 1,591 2,510 2,358 1,720 5,181 1 ,124 618 1,263 1 ,392 4,473 Bonds 3,468 177 832 176 278 261 190 573 124 68 140 154 495 r Total bought outright 54,783 2,808 13,137 2,779 4,385 4,120 3,005 9,052 T, 963 ,079 2,207 ~2 ,433 7,815 Held under repurchase agreements -- — — — — — — — -- — -- -- — r Total U. S. Government securities 54,783 2,808 13,137 2,779 4,385 4,120 3,005 9,052 ,963 T, 079 2,207 ~Z ,433 77815" Total loans and securities 56,000 2,859 13,554 2,804 4,396 4,247 3,071 9,293 2 ,019 1 ,151 2,260 2 ,448 7,898 Cash items in process of collection 11,311 721 2,007 601 748 836 1,011 1,867 603 471 752 694 1,000 Bank premises 113 2 9 2 5 11 18 17 9 5 18 8 9 Other assets _1/ 2,906 132 890 144 233 159 164 408 94 58 113 144 367 TOTAL ASSETS 81,220 4,326 19,631 4,234 6,118 6,294 4,814 13,341 2 ,979 1 ,896 3,495 3 ,641 10,451 \J 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 OCTOBER 29, 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 46,167 2,648 10,688 2,624 3,776 4,168 2,441 8,172 1,704 791 1,714 1,670 5,771 Deposits: Member bank reserves 22,058 842 6,385 942 1,444 1,116 1,312 3,157 672 586 949 1,236 3,417 U. S. Treasurer—general account 1,055 63 143 68 71 86 74 139 51 60 125 75 100 Foreign 119 6 1/ 29 6 11 6 8 18 4 3 5 7 16 Other 462 2 2/414 2 1 12 2 5 1 2 4 1 16 Total deposits 23,694 913 6,971 1,018 1,527 1,220 1,396 3,319 728 651 1,083 1,319 3,549 Deferred availability cash items 9,256 663 1,435 486 634 780 850 1,531 475 409 612 544 837 Other liabilities and accrued dividends 522 26 123 25 41 40 28 82 18 11 20 23 85 TOTAL LIABILITIES 79,639 4,250 19,217 4,153 5,978 6,208 4,715 13,104 2,925 1,862 3,429 3,556 10,242 CAPITAL ACCOUNTS Capital paid in 665 31 176 34 60 34 43 98 23 15 28 37 86 Surplus 630 31 160 33 56 33 40 93 22 14 27 36 85 Other capital accounts 286 14 78 14 24 19 16 46 9 5 11 12 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 81,220 4,326 19,631 4,234 6,118 6,294 4,814 13,341 2,979 1,896 3,495 3,641 10,451 Contingent liability on accept ances purchased for foreign corre spondent s 149 7 3/ 38 8 13 8 10 22 5 3 6 9 20 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 48,353 2,794 11,168 2,710 4,004 4,286 2,591 8,468 1,792 827 1,813 1,804 6,096 Collateral for F. R. notes: Gold certificate account 3,307 200 500 300 510 610 — 1,000 155 27 — 5 — Eligible paper ... -_ -- -- -- -- -- -- — — -- -- -- U. S. Government securities 46,076 2,617 10,800 2,520 3,600 3,769 2,650 7,650 1,700 815 1,875 1,830 6,250 Total collateral 49,383 2,817 11,300 2,820 4,110 4,379 2,650 8,650 1,855 842 1,875 1,835 6,250 1/ After deducting $ 90 million participations of other Federal Reserve Banks, 7/ Includes IMF gold deposit. 3/ After deducting $111 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis