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FEDERAL
RESERVE
Factors Affecting Bank Reserves and
Condition Statement of F.R. Banks
For immediate release
December 2, 19&5
The average of daily figures of total member bank reserves held during
the week ended December 1 increased a net of $386 million to $22,133 million.
Estimated currency and coin of member banks increased $92 million and their
reserve balances at the Federal Eeserve Banks increased $294 million. Estimated
required reseives increased $233 million; and estimated excess reserves increased
$153 million to $381 million. Member bank borrowings at the Federal Reserve Banks
exceeded excess reserves by $153 million, compared with the revised net borrowed
figure of $133 million the week before.
The principal changes supplying average reserve balances with Federal
Reserve Banks were increases of $7^7 million in U. S. Government securities bought
outright, $173 million in member bank borrowings, and $58 million in acceptances
held under repurchase agreements, and a decrease of $123 million in Treasury
deposits with Federal Reserve Banks. The principal offsetting changes were
decreases of $462 million in Federal Reserve float and $35 million in gold stock,
and increases of $212 million in currency in circulation and $93 million in
"other" F. R. accounts (net). Total Reserve Bank credit increased $517 million.
As of Wednesday, December 1, holdings of U. 3. Government securities
bought outright were $696 million higher than a week earlier and member bank
borrowings were $5^3 million lower.
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 advances—
Member 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. 1,
Dec. 2,
Nov. 24,
Dec. 1,
1964
1965
1965
1965
(In millions of dollars)
^0,535
+747
+3,868
49
65
+ 1
+ 58
+
+
5
44
53
68
534
33
+173
216
33
1,802
43,018
13,808
5,545
62,371
-462
+517
~ 35
+ 159
+
31
58
+4,04-9
-l, 579
+
89
+2,559
4l,732
821
761
159
235
1*12
44,119
18,253
3,880
22,133
21,752
381
--
+
?.
+486
+212
+ 15
-123
- 21
+ 18
+ 93
+193
+294
+ 92
+386
+233
+153
40,782
1,659
42,8il
13,809
5,540
62,160
4i,845
+2,455
+ 267
-
803
791
145
244
444
66
65
+
39
- 474
+2,155
44,272
+
+
+
+
17,888
4,244
22,132
21,996
405
352
757
765
1
8 1
136
On December 1, 1965, U. S. Government securities held in custody by the
Federal Reserve Banks for foreign account were $8,096 million, a decrease of
$117 million for the week and a decrease of $8 million from the comparable date
a year ago.
H. 4.1(a)
CONSOLIDATED STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS
(in millions of dollars)
Dec. 1,
1965
ASSETS
Gold c e r t i f i c a t e account
Redemption fund f o r F. R* n o t e s
T o t a l gold c e r t i f i c a t e r e s e r v e s
11,817
1,695
13,512
Cash
(547)
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreements
U. S. Government securities:
Bought outright-Bills
Certificates
Notes
Bonds
Total "bought outright
Held under repurchase agreements
Total U. S. Goverilment z securities
1C8
249
+ 2
-5^3
+
14
97
53
68
+ 5
+ 18
+
+
8
38
9,4c4
+ 696
+2,442
24,828
6,550
40,782
- 328
+1,297
+3,^11
40,782
+3,411
41,152
+176
+3,55^
(1,639) 6,746
+171
Total loans and securities
Cash items in process of collection
Bank premises
Other assets
TOTAL ASSETS
Change since
Ncv. 24, Dec. 2,
1964
1965 .
-1,738
+ 1
+ 19
+ 159
+ 20
-1,579
866
(2,186) ~62~4B5
-100
T269
+ 331
1
+ 485
+^7776
(547) 36,919
+118
+2,554
17,888
791
145
244
19,c68
(1,639) 5,087
201
(2,186) "517275
+ 44
- 79
- 13
+ 22
- 26
+
+
+
+
+136
+ 13
+241
+ 336
+ 69
+3 ,230
101
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member bank reserves
U. S. Treasurer--general account
Foreign
Other
Total deposits
Deferred a v a i l a b i l i t y cash items
Other l i a b i l i t i e s and accrued d i v i d e n d s
TOTAL LIABILITIES
C A P I T A L
ACCOUNTS
Capital paid in
Surplus
Other c a p i t a l a c c o u n t s
546
524
140
(2,186) 62,485
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
179
174
136
54
271
+
2^
- k66
+ 28
+269
- 12
+2,776
Ratio of gold certificate reserves to
F. R. note liability (computed from
figures as shown on the following
pages--nct consolidated)
36.1$
~ 7'3$>.->
Contingent liability on acceptances purchased
for foreign correspondents
1^5
k
+ 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, DECEMBER 1, 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
irs
Over 5 years to 10 years
Over 10 years
Total
Acceptances
U. S. Government securities
Changes
Holdings
during week
- kh
+kJ5
--
-—
925
6,211*
17,7^3
14,066
1,^9
385
W9
T2l
407TB2
TE9B
217
32
78
43
-«
„
4-265
-«
-*.
--
STATEMEHT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 1, 1965.
H. 4.1(b)
Total
Boston
New
York
Philadelphia
Cleve^
land
Richmond
Atlanta Chicago
St.
Louis
Minneapolis
Kansas
Dallas
City
t;an
Francisco
{in" millions of dollars)
A S S E T S
11,817
1,695
662
3.050
13.512
76c
4o3
3.453
698
91
789
1.146
F. R. notes of other Banks
Other cash
5^7
108
44
8
110
13
27
5
27
9
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreements
U. S. Government securities:
Bought outright—
Bills
Certificates
Notes
Bonds
Total
Held under repurchase agreements
249
17
22
Gold certificate account
Redemption fund for F. R. notes
Total gold certificate reserves
53
68
999
147
703 2,260
94
310
465
63
185
31
797
2,570
528
216
55
20
23
7
25
7
58
10
19
25
30
1.031
137
1,168
68
393
65
458
279
56
1,092
200
335
1.292
4
24
5
34
5
52
15
29
23
64
1.568
348
197
365
382
l,34c
4,139
36C) 1,092
917
242
1.5C7
521
J3Z.
855
966
255
1,586
1,009
266
1.657
3.538
233_
5.811
53
68
9,4c4
488
2,262
490
794
653
517
24,828
1,289
34o
2,117
5.972
1.576
9.810
1,294
3^1
2,125
2.097
553
3,444
1.723
455
2,831
1.363
6.550
4o,782
Total U. S. Government securities
40,782
2.117
9,810
2,125
3,444
2,831
2.240
6,799
1,507
855
l^gflfl
1 ,£57
5,fill
Total loans and securities
41,152
2,134
9,953
2,128
3,448
2,850
2,265
6,829
1,536
878
1,650
1,661
5,820
1,605
8
621
675
20
48
1,383
21
121
4c4
7
28
266
3
524
6
248
526
3
48
18
4o
15,390
3,526
3.873 10,999
2,533
1.410
2,707
Cash items in process of
collection
Bank premises
Other assets
TOTAL ASSETS
r
8,385
101
866
64,671
564
3
_32_
3,552
622
5
I3_
5,330
5
h±.
4,764
'2,24o 6,799
401
11
_43_
2,49c
794
9
-U5_
8,097
H. 4.1(c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 1, 1965
Total Boston
New
York
Philadelphia
....
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member hank reserves
U.S. Treasurer-general ac; count
Foreign
Other
Total deposits
Deferred availahility cash items
Other liabilities and accrx.led
dividends
TOTAL LIABILITIES
Cleve- Rich- Atlanta Chicago
mend
land
(In millions» of dollars)
St.
Louis
Minneapolis
Kansas Dallas
City
San
Francisco
37,4661 2,232
8,467
2,210
3,205
3,349
2,197
6,825
1,427
688
1,418
1,168
4,280
17,888
791
145
244
19,068
699
23
7
#
729
4,920
247
1/38
172
5,377
74o
61
8
l
810
1,371
64
13
1
1,449
773
47
7
6
833
1,014
44
9
1
1,068
2,746
63
21
2
2,832
622
106
5
1
734
438
24
3
1
466
777
64
7
4
852
918
3
8
2
931
2,870
45
19
53
2,987
6,726
522
1,181
432
550
505
525
1,132
323
223
377
315
641
201
63,461
10
3,493
50
15,075
10
3,462
18
5,222
13
4,700
11
3,801
34
10,823
7
2,491
4
l,38l
8
2,655
8
2,422
28
7,936
546
524
i4o
26
25
8
143
137
35
29
29
6
49
47
12
28
26
10
33
31
8
19
18
5
13
12
4
24
23
5
32
31
5
72
70
19
_64,j$71_-J_z552_.1.5,,_390_._i>_52jL._._5x33P_Jijj6k_
3,873
10,999
2,533
l,4i0
2,707
2,490
8,097
9
21
5
3
7
8
19
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Contingent liability on ac<2eptances purchased for fore:i-gn
c orre spondent s
145
7
2/38
8
7
13
78
75
23 _
1
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
• 39,464
2,312
8,889
2,296
3,4o6
3,489
2,358
7,158
1,503
719
l,48i
1,269
4,584
6,595
29
34,090
440
1,000
6co
883
500
1,100
225
180
735
8,100
2,950
2,650
1,900
6,4co
305
28
1,260
127
1,895
500
1
1,900
605
1,300
1,130
4,000
4o,7l4
2,335
9,ioo
2,401
3,550
3,533
2,400
7,500
1,593
732
1,525
1,310
4,735
1/ After deducting $107 million participations of other Federal Reserve Banks,
2/ After deducting $107 million participations of other Federal Reserve Banks.
* Less than $500,000.
@FedFRASER