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FEDERAL H.4.i RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release April 15, 1965 The average of daily figures of total member bank reserves held during the week ended April 14 decreased a net of $219 million to $21,286 million. Estimated currency and coin of member banks increased $165 million and their reserve balances at the Federal Reserve Eanks decreased $384 million. Estimated required reserves decreased $109 million; and estimated excess reserves decreased $110 million to $264 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $133 million, compared with the revised net borrowed figure of $196 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $173 million in member bank borrowings, $44 million in gold stock, and $37 million in acceptances held under repurchase agreements, and increases of $230 million in currency in circulation and $182 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $127 million in U. S. Government securities bought outright, $78 million in Federal Reserve float, and $29 million in U. S. Government securities held under repurchase agreements, and a decrease of $31 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $20 million. As of Wednesday, April l4, holdings of U. S. Government securities bought outright were $12 million lower than a week earlier, U. S. Government securities^ held under repurchase agreements were $59 million higher, and member bank borrowings were $154 million higher. Member bank reserves. Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreements Acceptances — Bought outright Held under repurchase agreements Discounts and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, Apr. 15, Apr. l4, Apr. 7, Apr. l4, 1964 1965 1965 1965 (in millions of dollars) 37,623 258 +127 + 29 +3,780 + .258 37,623 .319 5^ 49 - 3 - 37 5 8 55 62 397 15 1,487 -173 - 1 + 78 + 20 - 44 + 8 + 207 + 14 - 269 +3,992 - 943 - 179 +2,869 262 15 1,368 39/704" 14,413 5,413 59,530 +2,094 + 302 - 70 + 23 + 5 - 201 +2,154 39,163 76O 796 147 202 723 397BB3 14,519 5,406 59,807 39,092 741 910 158 202 804 4T~9CH 17,899 3,387 21,285 21,022 264 ~Io" +23C + 9 +182 - 18 - 5 +3T8" -38^ +165 -219 -109 -110 + + 716 + 202 918 953 35 5I7F91 17,739 3,849 2T3BB 21,058 530 On April 14, I965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,6l0 million, a decrease of $69 million for the w««k and a deorease of $357 million from the comparable Digitized fordate FRASER a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Apr. Ik, 1965 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright — Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U- S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 12,59k 1,537 * (520) U >131 123 277 Change since Apr. 15, Apr. 7, 1964 1965 - 150 6 - 156 - 10 + 149 -1,171 + 124 -1,047 - 73 - 495 2 23 55 -- 62 31 + 7,001* 12 •- -— -- +3,032 -3,265 +4,069 + 302 +4,138 + 3-19 +4,457 +3,983 - 150 25,691 4,928 37,623 319 37,942 38,336 (1,553) 6,5^0 102 821 (2,073) 60,053 - 12 + 59 + 47 + I65 +1,072 -- -- - 23 +1,048 + 208 +2,9£L (520) 34,351 + 118 +2,569 17,739 796 1V7 (**) 202 (**) 18,884 - 217 + 291 5 + 3 + 72 + 980 - 42 +1,128 + 307 (1,553) 5,172 527 (2,073) 58,934 - 161 + 2 + 13 + 161 + 211 + 432 +3,373 C A P I T A L A C C O U N T S 1 + 28 Capital paid in 537 -524 - 466 Surplus 58 14 Other capital accounts - 81 +1,04~8 +2,921 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,073) 60,053 Ratio of gold certificate reserves to P. R. note liability (computed from figures as shown on the following pages--not consolidated) kO.yfc *Gf> - 6-5$ Contingent liability on acceptances purchased for foreign correspondents 137 + 3 + 2 0 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. ^ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL Ik, 19&5 " (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 Changes Discounts and advances Acceptances Holdings during week 1,449 76 Within 15 days 261 +199 4i 16 days to 90 days 16 -135 1,*H9 --- 17 14,997 91 days to 1 year --" 12,409 Over 1 year to 5 years -" -1,292 Over 5 years to 10 years ---316 Over 10 years +"47 37,942 Total 117 277 ** Less than $500,000 H. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE EANK ON APRIL 14, I965 Total Boston New York Philadelphia A S S E T S Cleve -| Rich- Atlanta Chicago mond land (in millions of dollars) St. Louis Minneapolis Kansas Dallas City San Francisco 12,594 1,537 14,131 746 88 834 2,729 350 3,079 796 86 882 1,023 136 1,159 1,155 126 1,281 697 91 788 2,362 281 2,643 480 61 54l 202 29 231 466 61 527 322 50 372 1,616 178 1,794 520 123 35 9 166 29 28 4 44 7 26 8 76 8 34 23 21 8 10 4 13 6 31 5 36 12 Discounts and advances 277 Acceptances: Bought outright ! 55 Held under repurchase agreements 62 U. S. Government securities: Bought outright — Bills 7,004 3 35 6 9 16 19 135 5 9 24 3 13 369 573 463 377 1,160 268 153 285 304 977 6,321 1,212 9,25<5 319 1,356 260 1,985 2,100 403 3,076 1,698 326 2,487 1,333 265 2,025 4,253 816 6,229 982 188 1,438 56c 108 821 1,045 200 1,530 1,116 214 1,634 3,586 688 5,251 1,891 9,575 1,985 3,076 2,487 2,025 6,229 1,438 821 1,530 1,634 5,251 1,894 9,727 1,991 3,085 2,503 2,044 6,364 1,443 830 1,554 1,637 5,264 1,463 8 208 491 3 44 615 6 643 5 718 19 46 1,327 21 125 410 6 __30. 243 4 18 372 11 4l 796 10 116 14,680 3,443 4,986 4,513 3,699 10,537 2,459 l,34o 2,469 8,028 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash 55 62 352 Notes 25,691 1,291 Bonds 248 4,928 Total 1,891 37,623 Held under repurchase agreements 312 Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 37,942 538 3 _22_ 62,126|3,352 1,723 477 6 _37_ 2,620 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 14, 1965 New York Deferred availability cash items Cther liabilities and accrued dividends TOTAL LIABILITIES San Francisco 652 1,342 1,077 3,949 1,073 648 ^3 5 1 697 331 402 48 3 1 454 196 801 33 7 2 843 363 913 59 8 1 981 318 3,025 75 19 69 3,188 671 30 76 3,634 10,375 19 2,421 12 23 2,571 28 2,4o4 72 7,880 77 75 10 18 18 2 13 12 1 24 23 2 32 31 2 71 70 7 3,699 10,537 2,^59 1,340 2,620 2,469 8,028 8 7 19 ..._....5 ..... 3 FEDERAL RESERVE AGENT'S ACCOUNTS 6 8 18 Boston 34,871 2,067 8,069 2,058 2,967 2,999 1,985 6,332 1,374 17,739 796 147 202 18,884 624 ^,785 78 1/40 117 5,020 760 92 8 l 861 786 85 7 991* 37 9 1 l,04l 2,744 128 21 1 2,894 1,155 435 1,257 52 13 1 1,323 551 578 28 25 l4o 147384" 3,382 3,299 46 4,887 28 4,456 48 47 4 27 26 4 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits Minne- Kansas Dallas apolis City Phila- Cleve- Rich- Atlanta Chicago St. delphia land mond Lcuis (In millions of dol]Lars) Total 6,725 527 61,007 66 7 * 697 510 7 885 544 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orre spondents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 537 524 58 62,126 25 25 3 142 137 17 29 29 3 3,352 l4,68o_ 3,443 _4,_9_8£_ 4,513 137 7 2/36 8 36,642 2,130 8,481 2,117 3,167 3,112 2,139 6,645 1,452 675 1,394 1,158 4,172 6,850 6 31,270 420 1,710 500 733 400 1,100 225 180 735 7,200 2,775 2,410 5,70c 560 1,200 1,050 3,700 3,275 3,1^+3 1,850 2,250 290 5 1,260 122 1,765 2,185 435 1 1,800 2,236 6,8oo 1,555 682 1,425 1,230 M35 38,126 8,910 12 l/ After deducting $107 million participations of other Federal Reserve Banks, 2/ After deducting $101 million participations of other Federal Reserve Banks. 31 31 3 * Less than $500,000.
@FedFRASER