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UO^GOV^ FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.U.I For immediate release August 19, 1965 The average of daily figures "of total member hank reserves held during the week ended August 18 decreased a net of $71 million to $21,530 million. Estimated currency and coin of member banks increased $19*4- million and their reserve balances at the Federal Reserve Banks decreased $265 million. Estimated required reserves increased $9 million; and estimated excess reserves decreased $80 million to $338 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $153 million, compared with the revised net borrowed figure of. $198 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $293 million in U. S. Government securities held under repurchase agreements, $222 million in U. S. Government securities bought outright, and $125 million in member bank borrowings, and increases of $77 million in currency in circulation and $37 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $290 million in Federal Reserve float and a decrease of $202 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $352 million. As of Wednesday, August 18, holdings of U. S. Government securities bought outright were $236 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $27^ million lower, and member bank borrowings were $36 million higher. Holdings of notes decreased $1,000 million and bonds increased $1,000 million reflecting the exchange of $3,892 million 3-7/3$ notes maturing August 13, for $2,892 million kfo notes maturing February 15, 1967, and $1,000 million k<fo bonds maturing February 15, 19&9• Averages of daily figures Week ended Change from week ended Wednesday, Member bank reserves, Aug. 19, Aug. 18, Aug. 11, Reserve Bank credit, Aug. 18, 1964 and related items 1965 1965 1965 (in"millions of dollars) Reserve Bank credit: U. S. Government securitiesBought outright--System account -222 +4,182 38,949 39,037 Held under repurchase agreements -293 + 99 99 36 Acceptances--bought outright 35 - 1 5 Discounts and advances — Member bank borrowings -125 + 213 328 491 __ Other - 1 + 1 2 Float - 25k +290 1,756 1,770 Total Reserve Bank credit +4,237 41,^3^ -352 To7o59 Gold stock 13,858 -1,603 13,859 + i 5,426 Treasury currency outstanding 5,434 - 132 60,362 +2,503 60,719 -347 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) 4C,202 812 848 235 190 466 ^2,753 + 77 + 12 -2C2 + 37 - 1 17,965 3,565 -265 +194 21,530 - 71 21,192 + 9 - 80 338 - k - 83 40,212 829 949 217 188 586 42,981 +2,c89 + 4co - 8k + 91 9 - 636 +1,851 + 651 + 296 + 947 +1,0C0 - 53 17,381 3,879 21,260 21,258 1 2 On August 18, I965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,159 million, an increase of $46 million for the week and a decrease of $1,106 million from the comparable date a year ago. H.h.1(a) CONSOLIDATED STATEMENT OF COffilTION OF THE TWELVE FEEERAEi .RESERVE! BANKS (in millions of Abll&rk) Aug. 18, 1965 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--"bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities 11,939 1,6*H 13,580 (602) 111 328 36 Cash items in process of collection Bank premises Other assets TOTAL ASSETS ^ Change since Aug. 11, Aug. 19, 1965 1964 - 11 + 7 E + 1 + 3 6 -1,783 + 187 -1,596 ^5 + 1^8 2 7,828 236 +2,81*2 24,737 6,384 38,949 - 180 +1,548 +4,210 38,9*19 -1,000 +1,000 236* 274 510 +4^210 39,313 - 474 +4,356 (1,736) 6,654 102 825 (2,338) 60,585 + + 74l 1 247 + L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign + (602) 35,439 17,381 949 217 188 18,735 Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued d i v i d e n d s TOTAL LIABILITIES (1,736) 4,898 363 (2,338) 597535 C A P I T A L ACCOUNTS Capital paid in Surplus Other c a p i t a l a c c o u n t s 5^3 524 83 (2,338) 60,585 TOTAL LIABILITIES AND CAPITAL ACCOUNT! + + + 491 T8" + 430 +3,636 23 +2,602 99 33 28 4 + 769 - 76 + 77 7 + 763 266 40 105 + 463 + 267 +4,095 87 18 + 27 - 466 - 20 +3,636 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shora. on the following pages—not consolidated) 37-7$ - 7-8$ Contingent liability on acceptances purchased for foreign correspondents lk8 -+ 1 3 * 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, AUGUST 18, 1965 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and 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 \XS Over 10 years Total 322 6 Acceptances 10 26 •~ •*•• • » - -_ m. w 32^ 3 U. S. Government securities Changes Holdings duringirveek ; 1,283 10,005 17,599 8,317 1,374 371 38,949 "-3,963 +6,C28 - -639 --1,821 •- '115 , " T - 510 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CK AUGUST 18, 1965 E- 4.1(b) 1 "— Total Boston New York Philadelphia 1 Cleve- Rich- 1 Atlanta Chicago St. land mond 1 Louis (In millions of dollars) Minneapolis Kansas itallas City i 1 San Francisco 1 A S S E T S 331 55 386 58 10 58 21 17 6 22 3 19 5 25 4 50 13 20 77 6 c: 37 10 28 532 425 1,310 292 164 308 326 1,082 -- __ -- -- -- -- -- -- 1,683 1,3^1 922 238 975 252 1,028 3,^18 265 882 1,452 519 134 817 1,535 1,619 5,382 -- -- -- 1,133 65 10 146 20 48 4 30 8 65 47 22 4 1,924 407 650 -- -- -- 6,083 1,570 9,577 1,284 2,056 331 531 434 3^6 2,022 3,237 2,649 2,112 -- -- -- -- __ Discounts and advances Acceptances: Bought outright U. S. Government securities; Bought outright-Bills Certificates Notes 1 Bonds Total Held under repurchase agreements 328 36 --. 64 7 469 63 532 1,314 2,365 195 30 225 3,447 602 111 7,828 1,177 48C 62 542 1,039 F. R. notes of other Banks Other cash l,6hl 2,060 992 141 13,560 11,939 666 92 758 660 88 748 671 93 764 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 3,C62 3&5 138 305 I89 1,503 36 4c8 __ 24,737 1,287 6,384 332 2,027 38,949 4,i4l l, 069 6,52c — — -- -- -- Total U. S. Government securities 38,949 2,027 9,57": 2,022 3,237 2,649 2,112 6,52c 1A52 817 1,535 1,619 5,382 Total loans and securities 39,313 2,092 9,66c 2,044 3,24l 2,656 2,132 6,597 1,458 822 1,572 1,629 5,410 1,426 607 5 73 689 5 46 713 20 47 392 8 213 512 3 45 1,429 825 531 3 39 21 120 28 271 3 19 540 6 38 436 11 44 844 10 113 62,923 3,5C4 14,920 3,4c4 5,097 4,644 3,738 ic,6ll 2,450 1,365 2,712 2,535 7,9^3 Cash items in process of collection Bank premises Other assets TOTAL ASSETS | 8,390 102 1 H.5.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 18, 1965 Total Boston New York Philadelphia (m L I A B I L I T I E S Federal Reserve notes leposits: Member bank reserves U.S. Treasurer-general ac1 count Foreign Other Total deposits Deferred availability cash items Other liabilities and accriled dividends TOTAL LIABILITIES Cleveland Rich- Atlanta jChicagoj St. mond Louis millions of dollars) Minneapolis Kansas Dallas City San Francisco 36,05i 2,150 8,156 2,120 3,073 3,162 2,067 6,596 1,389 670 1,386 1,150 5,l52 17,381 713 959 707 55 12 1 764 1,278 70 19 1 1,368 767 82 11 5 864 955 69 13 2 1,038 2,607 57 31 5 2,689 620 73 7 l 395 5o 5 790 5,988 155 1/58 117 5,317 701 539 779 95 10 3 886 896 67 12 1 976 2,678 ikk 217 188 18,735 65 10 2 6,635 591 1,063 521 538 555 1,103 308 221 375 333 697 32 20 4,584 21 56 10,444 3,671 13 2,411 8 1,338 16 2,662 19 48 2, 468 7,790 19 18 25 23 32 31 72 70 2 13 12 2 3 4 11 3,738 jx>,_6ll_ 2,450 1,365 2,712,, 2,535 7,953 18 93 363j "S-, 773 3,559 14,619 55o 19 3,353 57995 59 57 7 27 26 22 29 29 3 62,923 3,505 15,920 3,505 5,097 4,655 8 13 7 29 52 2,903 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for forej-gn correspondents 26 25 553 525 83 5 152 137 7 32 31 k 76 75 15 r 158 7 2/39 9 21 5 3 7 9 20 FEDERAL REGEliVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securiti.es Total collateral 38,077 2,255 8,533 2,202 3,290 3,301 2,219 7,008 1,472 705 1,451 1,255 5,407 520 6,350 19 32,815 1,845 39,185 2,265 1,000 565 600 803 5oo 1,100 2Q5 127 225 180 735 7,700 13 1,800 2,775 2,540 1,850 6,10c 1,260 595 1.250 1.1C0 5.000 _ 8,700 2, 278 3,375 3,353 2,250 7,200 1,561 722 1,575 1,280 5,735 6 1/ After deducting $159 million participations of other Federal Reserve Banks, 2/ After deducting $1C9 million participations of other Federal Reserve Banks. * Less than $500,000.
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