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FEDERAL R.k.i""" RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release April 29, 1965 The average of daily figures of total member 'bank reserves held during the week ended April 28 decreased a net of $295 million to $21,1+23 million. Estimated currency and coin of member tanks increased $152 million and their reserve "balances at the Federal Reserve Banks decreased $1+1+7 millicn. Estimated required reserves decreased $39 million; and estimated excess reserves decreased $256 million to $215 millicn. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $130 million, compared with the revised net borrowed figure of $101 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $227 millicn in member bank borrowings, $189 million in Federal Reserve float, $l*+3 million in U. 5. Government securities bought outright, $SC million in U. S. Government securities held under repurchase agreements, and $32 million in acceptances held under repurchase agreements, and increases of $1+7 million in "other" F. R. accounts (net) and $1+0 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $256 million in currency in circulation and $38 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $682 millicn. As of Wednesday, April 28, holdings of U. S. Government securities, bought outright were $192 millicn lower than a week earlier, U. S. Government securities held under repurchase agreements were $5C million higher, and member bank borrowings were $1^6 million higher. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Wednesday, Apr. 28, Apr. 29, Apr. 21, Apr. 28, 196J+ 1965 1965 1965 (In millions of d o l l a r s ) Reserve Bank credit: U. S. Government securities— Bcught 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) 37,3^3 18 -11+3 - 90 +^,358 83 6 + l - 32 + - -227 - 2 -189 + 210 + 13 5 3*+5 15 1,767 39,5W 1M13 5,i+c6 59,367 38,802 7kk 921 166 190 767 517590 17,777 3,61+6 21,1+23 21,208 215 1 28 +i+, 1+65 -1,01+9 - 172 +3,2M+ +1,989 + 321 8 + 26 3 - 192 +2,13^ -i-1,110 + 3*+7 +17^57 +1,510 53 37,233 127 51+ ko 330 15 1,376 39,175 ll+, Ul3 5,1+12 59,000 38,803 750 959 ike 192 7U 2+17583 17,416 l+,029 21,1+1+5 21,25? 186 On April 28, 1965, U. S. Government s e c u r i t i e s held in custody by the Federal Reserve Banks for foreign account were $7,691 m i l l i c n , an increase of $73 million for the week and a decrease of $ll+9 million from the comparable date a year ago. H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS X LLVJJL-LCIX C3 / Apr. 28, 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 (667) Cash items in process of collection Bank premises Other assets TOTAL ASSETS + 19 - 3 + 16 -1,183 + 132 -1,051 132 345 + 2 +136 - 46 33 -- + 1 5 4 6,614 -192 -.- --— 37,360 -192 + 50 ; 142 +3,051 -3,265 +4,069 + 302 +4,157 + 63 +4^220 37,799 - +4,183 25,691 4,928 37,233 127 2 + (2,091) 59,265 -854 - 1 + 8 -831 (667) 34,005 -183 +2,368 + - + + + + + (1,424) 6,232 102 856 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 12,607 1,537 14,144 5^ 40 Total loans and securities Change since Apr. 29, Apr. 21, 1964 1965 17,4l6 959 148 192 18,715 (1,^24) 4,856 519 (2,091) 587095 95 76 4 12 35 -639 + 1 ^55" 508 1 + 252 +3,845 891 7 8 5 911 + 583 + 428 +4,290 C A P I T A L A C C O U N T S Capital paid in + 28 + l 538 Surplus -466 524 Other capital accounts 108 + 24 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,091) 597255 +I7B4~5 ^811 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) ,2i1° 6.hi Contingent liability on acceptances purchased for foreign correspondents 23 139 * 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 28, 1965 (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 during week advances Acceptances Holdings 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 328 17 48 46 -- ;P3" 95 1,255 7,15^ 14,934 12,409 1,292 316 37,3bO 49 78 15 ^1?2 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 21, 1965 1 Total Boston. New York Philadelphia Cleve- Richmond land MinneSt. Atlanta Chicago Louis 1 apolis 1 Kansas lallas City San Francisco (In millions of dollars) A S S E T S Gold certificate account 12,588 Redemption fund for F. R. notes 1,5^0 Total gold certificate reserves 114,128 877 88 965 2,815 350 3,165 731 85 816 1,005 136 l,l4l 1,089 125 1,214 716 91 807 2,338 286 2,624 42 9 180 30 35 4 49 9 34 9 83 9 6 Disccunts and advances 209 Acceptances: _Bought outright 5^ Held under repurchase agreements 36 i IK S. Government securities: Bought outright-Bills 6,806 ! 341 --«. Certificates Notes 25,691 1,291 248 Bends 4,928 1,880 Total 37,425 -Held under repurchase agreements: 77 72 2 7 7 54 36 __ -- _-. -- 1,675 359 557 -- -.-. 6,321 1,212 9,2c8 77 1,356 260 1,975 -- -- -- -- -- -- -- -- -- -- F. R. notes of other Banks Other cash 597 130 i 466 62 528" 242 29 271 499 61 560 292 50 342 1,518 177 1,695 4o 24 25 7 13 4 15 6 30 5 51 14 13 65 6 6 10 12 3 __ -- -.-- -_ -- --. -- -_ — --- --- --. __ 450 366 1,127 260 149 276 296 950 _,. _- -- _- _- — -- 2,100 982 1,698 1,383 4,253 326 403 816 188 265 3,o6o~ 2,474 " 2,0l4~ 6,196" 1,430 560 108 8TT" l,c45 200 1,521 3,586 1,116 688 214 1,626" 5,224 Total U. S. Government securities 37,502 1,880 9,285 1,975 3,o6o 2,474 2,014 6,196 1,430 817 1,521 1,626 5,224 Total leans and securities 37,801 1,886 9,447 1,977 3,067 2,481 2,027 6,261 1,436 823 1,531 1,638 5,227 8,790 103 848 567 3 4l 1,730 8 214 623 3 45 688 6 71 621 5 49 758 20 51 1,397 21 127 393 6 M 253 4 18 514 6 38 349 11 44 62,397 3,513 14,774 3,503 5,031 4,413 3,755 10,494 2,426 1,386 2,670 2,419 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 897 10 119 . 8,013 H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH APRIL 28, 196^ Total Boston LIABILITIES Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general ac: count Foreign Other Total deposits Deferred availability cash items Other liabilities and accnled dividends TOTAL LIABILITIES New York Philadelphia 1 Cleve- RichSt. Atlanta J Chicago Louis land mond Minne- Kansas apolis City Dallas San Francisco (In millions of dollars) 34,672 2,060 8,025 2,050 2,952 2,990 1,967 6,296 1,366 652 1,335 1,079 3,900 17,416 959 148 192 18,715 695 33 7 1 736 4,870 170 1/34 120 5,194 754 31 9 776 109 8 4 897 883 57 9 1 950 816 1,100 403 475 495 393 42 3 1 439 189 2,906 105 21 58 3,090 512 631 35 5 l 672 284 853 82 9 1 945 6,280 2,684 177 22 2 2,885 1,011 747 60 7 2 794 1,224 58 14 1 1,297 501 349 337 624 519 60,186 25 3,333 137 14,456 28 3,275 46 4,796 28 4,390 30 75 3,442 10,267 18 2,34o 12 1,292 22 2,522 29 2,390 69 7,683 538 524 108 25 25 6 142 137 29 29 29 6 48 47 8 27 26 7 77 75 18 18 18 4 13 12 2 24 23 4 32 31 4 71 70 15 61,356 1 3,389 14,764 3,339 4,899 4,450^ 3,510 10,437 2,380 1,319 2,573 2,457 7,839 6 2/37 8 12 6 8 * CAPITAL AGCCUKTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability cn ace:eptances purchased for forejLgn correspondent s 139 7 32 31 5 8 20 5 3_ 32_ FEDERAL RESERVE AGENT'S ACCOUNTS F- R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 36,635 2,137 8,462 2,129 3,167 3,112 2,133 6,64o 1,458 681 1,392 1,163 4,161 6,900 11 31,280 420 1,710 500 753 4oo 1,100 225 180 735 7,200 2,775 2,410 1,850 5,700 290 7 1,260 122 1,765 2,185 465 4 1,800 570 1,200 1,050 3,700 8,910 2,269 3,275 3,163 2,250 6,800 1,557 692 1,425 1,230 4,435 38,191 1/ AfteF~deducting $lI4 million participations of other Federal Reserve Banks. 2/ After deducting $102 million participations of other Federal Reserve Banks. * Less than &00,000,
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