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FEDERAL Factors Affecting Condition Bank Statement Reserves of F.R. RESERVE and Banks F o r immediate r e l e a s e April 28, 1966 The average of daily figures of total member bank reserves held during the week ended April 27 decreased a net of $8 million to $22,600 million. Estimated currency and coin of member banks increased $6 million and their reserve balances at the Federal Reserve Banks decreased $14 million. Estimated required reserves increased $5 million; and estimated excess reserves decreased $13 million to $362 million. Member bank borrowings at the Federal Reserve Eanks exceeded excess reserves by $280 million, compared with the revised net borrowed figure of $310 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $188 million in Federal Reserve float and $43 million in member bank borrowings, and an increase of $198 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $145 million in U. S. Government securities bought outright and $43 million in acceptances held under repurchase agreements, and a decrease of $205 million in currency in circulation. Total Reserve Bank credit decreased $39 million. As of Wednesday, April 27, holdings of U„ S. Government securities bought outright were $770 million higher than a week earlier and member bank borrowings were $1,365 million lower. Outright holdings of bills, notes, and bonds increased $728 million, $39 million, and $3 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S „ Government securitiesBought outright--System account Held under repurchase agreements AcceptancesBought 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) Averages of daily figures Week ended Change from week ended Wednesday, April 27, April 20, April 28, April 27, 1966 1966 1366 1965 (in millions of dollars) 40,446 +145 -- -- 77 77 -- 642 24 1,988 43,254 13,632 5,781 62,667 41,563 949 466 133 4o4 454 43,969 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 18,699 3,901 22,600 22,238 362 +3,103 18 40,713 -- 23 71 80 108 222 20 +, 5 - 35 + 297 + 9 + 221 +3,706 - 781 ? 375 -3,300 -205 - 2 +198 - 13 - 2 + 6 - 19 +2,761 + 205 - 455 • 33 + 214 - 313 -2,379 - 14 + 6 - 8 + 5 - 13 + 922 + 275 +1,197 +1,076 - 121 + 43 - 43 + 3 -188 - 39 — + + 1,668 42,811 13,634 5,793 62,238 4l,6oi 947 297 135 400 452 43,832 l8,4o6 4,318 22,724 22,428 296 On April 27, 1966, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,489 million, a decrease of $23 million for the week and a decrease of $202 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS (in millions of dollars) April 27, 1966 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Xhangg .since. April 20, April 28, 1966 1965,_ 11,459 1>731 13,190 + 7 + 3. + 1 0 -1,1*$ ±_i2k - 954 222 242 + 3 -1,365 + - 90 103 80 108 + •- 4 75 + 26 + 68 9,162 12 24,965 6,574 40,713 + 728 + + + 39 3 770 40,713 4l,l43 + 770 - 516 +2,548 + 12 - 726 +1,646 +3,480 - 127 +3,353 +3,344 7,391 102 861 (2,728) 62,909 677 +1,159 +_ 30 -1,150 + 5 +3,644 (1,015) 36,533 120 +2,528 82 241 6 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^ (1,015) Cash items in process of collection Bank premises Other assets 1/ 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 2/ Total deposits (1,713) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,713) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS + 19,238 - 317 + 990 - 662 13 + 208 + 523 5,723 182 - 755 + 10 -1,182 + 867 - 337 +3,581 + 32 "1,150 + 22 + 27 + 14 +3,644 18,406 297 135 4oo (2,728) 61,676 560 551 122 (2,728) 62,909 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 35-1$ •• .1$ - 5-7$ Contingent liability on acceptances purchased for foreign correspondents 137 + 5 2 * Figures in parentheses are the eliminations made in the consolidating process; . see comparable figures on combined basis on the following pages, •i/lncludes assets denominated in foreign currencies and IMF gold deposited. J/Includes IMF gold deposit. ___ MATURITY DISTRIBUTION OF LOANS AMD SECURITIES, APRIL 27, 1966 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and Acceptances advances Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total **Less than $500,000. 215 27 123 65 ** --_ -.. ---~- 242 188 U. S, Government securities Changes Holdings during^ week - 42 1,195 +366 10,624 +422 13,907 + 24 13,297 -1,305 385 40,713 , +770 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 27, 1966 H.4.l(h) Total Boston New York Philadelphia Rich- Atlanta Chicago mond (In millions5 of dollars) Cleveland St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S 2,929 656 92 748 987 148 1,135 990 145 1,135 566 100 666 2,337 311 2,648 399 63 462 174 32 206 439 66 505 369 57 426 1,337 204 1,541 64 13 262 32 63 12 88 31 93 11 119 19 87 34 42 14 20 5 32 11 53 13 92 27 15 22 8 1 22 33 47 16 17 33 10 12 ---" 80 108 -« —— -— --- — -- -- --- — -- -- --- 477 470 641 1 194 351 346 * 46o 357 1,507 2 4,106 1,081 # 1,747 498 1 1,356 322 1 1,300 342 2,120 2,317 3 6,315 1,663 10,298 878 231 1,431 528 139 861 957 252 1,560 942 249 1,537 1,301 2 3,544 913 5,780 -- -- -- -- -~ 11,459 1,731 13A90 690 99 789 1,015 222 242 Discounts and advances Acceptances: 80 .Bought outright 108 Held under repurchase agreements U. S. Government securities: Bought outright-Bills 1 9,162 12 Certificates Notes 124,965 1 6,574 Bonds 40,713 Total -Held under repurchase agreements Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash 2,515 4l4 -— "" 1,281 337 2,089 738 1 2,011 530 3,280 2,849 2,212 -- -- -- -- -- -- l 6,696 Total U. S. Government securities 40.713 2.120 10,298 2,089 3,280 2.849 -2^212 6.696 _l.V*l 861 .1.560 Total loans and securities 41,143 2,135 10,508 2,097 3,287 2,871 2,245 6,743 1,447 878 584 3 ^4 1,586 9 356 562 3 ^6 814 1,486 20 20 1C4 38._. 459 7 ?4 3,622 15,682 3,521 2,455 Cash items in process of collection Bank premises / Other assets —' TOTAL ASSETS 17 I 9,104 102 861. 65,637 772 5 42 ., 623 5 ._.5&_ 5,227 4,929 3,921 11,122 IJ^T 5.780 1,593 1,547 5,792 258 3 542 7 is ?Q 501 10 ^1 917 10 94 1,385 2,719 2,581 Includes assets denominated in foreign currencies and IMF gold deposited. * • * * Less than $500,000. 8,473 H. 4 . 1 ( c ) STATEMENT OP CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 27, 1966 T. R. notes outstanding Collateral for F. R. notes: Gold c e r t i f i c a t e account Eligible paper U. S. Government securities Total collateral 37,548 2,256 8,534 2,211 3,167 3,373 2,159 6,820 1,417 706 1,413 1,194 4,298 720 19 6 1 746 5,137 15 1/39 2/329 5,520 809 37 7 4 857 621 2,810 35 8 2 1,054 18 2 2,865 1,259 1,360 1 12 * 1,373 562 995 49 551 732 13 7 1 753 483 624 1,228 603 45 5 2 655 334 417 5 3 3 428 217 814 15 6 2 837 409 912 9 7 2 930 380 3,097 54 17 52 3,220 768 182 49 9 64,404 3,562 15,362 8 3,455 15 5,117 12 4,863 10 29 3,847 10,942 7 2,413 5 1,356 6 2,665 7 2,511 25 8,311 30 30 6 50 50 10 29 28 9 19 19 4 13 13 3 25 24 5 5,227 4,929 2,455 1,385 2,719 33 32 5 2,581 73 72 17 3,521 81 34 79 33 20 7 3,921 11,122 8,473 12 7 20 5 3 6 8 18 FEDERAL RESERVE AGENT'S ACCOUNTS 3,437 37549 27357" 7,203 1,504 "74T 1,499 1,296 127 225 180 735 625 1,300 1,525 1,130 4,300 1,310 5,035 18,406 297 135 400 19,238 7,436 560 551 122 146 27 144 27 30 6 65,637 3,622 15,682 137 _ T _ _._3/36_ 7_ 8 "97104^ 2,304 1,000 600 841 425 1,100 8,200 500 7 1,900 2,950 2,738 1,975 9,200 2,407 3,550 3,579 2,400 6,300 7,400 l/ After deducting $ 96 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 3/ After deducting $101 million participations of other Federal Reserve Banks. San Francisco New York LIABILITIES 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign ... correspondents St. Phila- Cleve- Richdelphia land mond Atlanta Chicago Louis (In millionss of dollars) Total Boston 315 15 1,310 1,640 Minne- Kansas Dallas apolis City 752 * Less than $500,000. T7SW
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