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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release December l6, I965 The average of daily figures of total member bank reserves held during the week ended December 15 increased a net of $117 million to $22,451 million. Estimated currency and coin of member banks increased $297 million and their reserve balances at the Federal Reserve Banks decreased $180 million. Estimated required reserves increased $17 million; and estimated excess reserves increased $100 million to $557 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $71 million, compared with the revised net borrowed figure of $21 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $87 million in U. 3. Government securities bought outright and $48 million in U. S. Government securities held under repurchase agreements, and an increase of $331 million in currency in circulation. The principal offsetting changes were an increase of $193 million in Federal Reserve float, and decreases of $50 million in "other" F. R. accounts (net) and $33 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $52 million. As of Wednesday, December 15, holdings of U. S. Government securities bought outright were $102 million lower than a week earlier and member bank borrowings were $53 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought 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) 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, Dec. 16," Dec. 15, Dec. 8, Dec. 15, 1964 1965 1965 1965 (in millions of dollars)" 40,824 55 57 64 486 32 2,05^ 43,571 13,808 5,556 62,935 42,260 803 637 158 225 4l0 hk,h93 18,442 4,009 22,451 21,894 557 - 87 - 48 +3,804 - 260 40,824 + + + 7 64 60 60 352 4 31 +3,939 -1,580 + 154 +2,514 95 27 2,295 43,361 13,809 5.567 I 62,737 42,373 - 50 +238 +2,517 + 210 - 387 + 16 + 49 - 696 +1,709 -180 +297 +117 + 17 +100 + 805 + 259 +1,064 + 895 + 169 1 - 12 + 8 - 4 ±193 + 52 - 1 + 8 + 58 +331 - 13 - 33 + 3 -- 812 612 144 227 347 44,515 18,222 4,494 22,716 22,108 608 On December 15, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,263 million, a decrease of $18 million for the week and a decrease of $105 million from the comparable date a year ago. H. 4.1(a) CONSOLIDATED STATJSMEJST OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 11,787 1,717 13,504 (567) 106 122 3 59 - 60 4 5 + + 9,446 102 +3,001 zz - 102 - 360 +1,276 +3,917 - 37^ 102 +T553 4l,066 - 162 +3,507 (1,817) 7,924 103 910 (2,384) 63,613 +1,659 + 32 + 1 Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities + + 60 24,828 6,550 4n,824 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + + 1 19 12 - 105 9 60 +1,519 + 305 +2,258 (567) 37,^19 151 +2,576 18,222 612 l44 227 19,205 539 46 2 9 + 500 + 289 - 458 + 23 + 52 (1,817) 5,629 2^5 (2,38*0 62,^58 + 958 6 +1,603 + + L I A B I L I T I E S Federal Reserve notes Ifeposits: Member bank reserves U. S. Treasurer--general account Foreign. Other Total deposits C A P I T A L unange since i Dec. 8, Dec. 16, 1964 1965 -1,732 25 24 + + 157 1 "^17575 Dec. 15, 1965 171 69 +2,722 A C C O U N T S Capital paid~in + 5^7 Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 524 84 (2,384) 63,613 - §5 +1,519 25 • h66 23 +272258 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following - 7-2$ pages--not consolidated) 35*5$ »2$ Contingent liability on acceptances purchased + 21 for foreign correspondents 1^5 ^ * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages* MATURITY DiamiBUriON OF LOANS AND SECURITIES, DECEMBER 15, 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 ITS Over 5 years to 10 years Over 10 years nw^csi 94 9^ 28 28 Ac<^eptances 69 69 51 51 -— . TOO _— --_ -- JOQ U* S» Government securities Changes Holdings during week 822 822 - 8 + 6,203 6,203 J 17,899 17,899 - 98 14,066 1,449 385 -, .••,,, . L . » r E.4.1(b) STATEMENT-OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 15, 1965 Total Boston New York Philadelphia Cleveland (in Rich- Atlanta Chicago mond millions of dollars) St. MinneLouis 1 apolis Kansas Dallas City San Francisco A S S E T S Gold certificate account Redemption fund for F. R". notes Total gold certificate reserves 761 11,787 1,717 97 13,504 • ••858 2,997 3,398 706 95 801 4oi 2,190 99 319 B54- ~2,5C9 " 1,100 135 1,057 ' 1,235 755 911 146 482 65 5^7 " 193 429 277 31 224 68 57 497 33^ 986 204 1,190 F. R. notes of other Banks Other cash 567 106 ±5 119 14 31 5 27 8 67 7 53 9 56 18 22 6 21 4 23 7 4o 63 7 6 15 Discounts and advances Acceptances: Bought outright Held under repurchase agreements TJ~. B. Government securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreements 122 6 11 2 9 10 5 35 2 3 33 2 4 60 60 -_ -- 60 60 _— — — -_ — — -- --- — -- — -- --- 490 2,272 -5,972 1,576 97F20 -- 492 798 656 -24,828 1,289 340 6,550 40,824 h "2,119" -— Total U. S. Government securities 4o,824 2,119 9,820 Total loans and securities 41,066 2,125 9,951 2,129 9,?4l 60c 3 42 1,713 557 3 65,997 3,680 15,^63 Gash items in process of collection Bank premises Other assets TOTAL ASSETS 9,H6 -- 103 910 9 259 --1,294 2,097 341 553 2,127 —3744-8'--- 50 3,576 «... 1,723 455 2,834 — — — — — 384 1,346 198 367 3^9 1,575 -----• -3,538 521 1,009 1,363 4,139 917 966 266 242 360 1,092 933 255 137 ' " 2,"24~2 "678756"~l,5Cff — B 5 5 - "1,5-38" " 1,659 ' 5,817 -------519 2,834 2,242 6,806 3,^57 2,844 2,247 6,84l 1,510 859 1,621 1,661 5,821 702 5 764 5 818 20 1,771 480 7 327 3 594 21 127 30_ 20 4o 476 11 45 939 10 120 1,458 2,788 2,573 8,158 78_ 5,33^ h9 _ 4,971 5?_ 4,051 11,343 856_ _JL,_588 _ 1,659 2,602 6 5,817 H. k. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 15, 1965 Total Boston New York Philadelphia L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member bank r e s e r v e s U.S. T r e a s u r e r - g e n e r a l account Foreign Other Total deposits D e f e r r e d a v a i l a b i l i t y cash i t e m s Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES C l e v e - R i c h - A t l a n t a Chicago mond land ( I n m i l l i o n s > of d o l l a r s ) 37,986 2,258 8,572 2,21+9 3,251 3,381 18,222 612 Ikk 227 19,205 757 ^3 7 * 807 5,026 92 1/37 ll+7 5,302 731 36 8 1 776 1,312 37 13 1 1,363 7,kk6 51+9 1,239 U79 205 6i+,81+2 10 3,624 50 15,163 10 5^7 52I+ 81+ 26 25 5 65,997 3,680 St. Louis Kansas D a l l a s City San Francisco 700 1,^36 1,193 ^,338 1+28 1+0 892 33 8 1 93^ 2,812 5^ 19 51+ 2,939 Minneapolis 2,259 6,895 838 76 7 5 926 1,070 21+ 9 11 1,114 2,883 1+0 21 2 2,91+6 672 69 5 # 7I+6 kjk 801 68 7 2 878 598 590 598 1,301 355 252 i+16 370 699 18 5,230 Ik ^,911 11 3,982 31 11,176 7 2,562 5 1,^31 8 2,738 9 2,506 29 8,005 78 75 19 18 13 12 2 2k 23 3 32 31 1+ 72 70 11 1 , ^ 3 CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS C o n t i n g e n t l i a b i l i t y on a c c e p t ances purchased f o r foreign correspondents ll+5 i 7_ l*+3 137 20_ 29 29 k_ 28 26 50 hi L. 6_ 33 31 _5_ ll+_ 3_ 15,^63 3,576 5,33^ ^,971 ^,051 11,3^3 2,602 M58 2,788 2,573 8,158 2/38 8 13 7 9 21 5 3 7 8 19 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 2,331 3,!+80 3,5^0 2,1+21 7,21+7 1,5^3 732 1,512 1,289 1,000 600 -2,950 883 -2.690 550 -1,900 1,100 -6,1+00 305 1 1.260 127 225 180 735 8,100 5co 1 1.900 6l5 1.300 1.130 1+.C00 9,100 2,1+01 3,550 3,573 2,1+50 7,500 1,566 7^2 1,525 1,310 l+,735 1/ After deducting "|l07 million participations of other Federal Reserve Banks, 2/ After deducting $107 million participations of other Federal Reserve Banks. T+76T+0" 9,006 * Less than $500,000.
@FedFRASER