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FEDERAL
H'.'ilP^
RESERVE
Factors Affecting Bank Reserves and
Condition Statement of F.R. Banks
For immediate release
December 23, 1965
The average of daily figures of total member bank reserves held during
the week ended December 22 increased a net of $35^ million to $22,815 million.
Estimated currency and coin of member banks decreased $26 million and their reserve
balances at the Federal Reserve Banks increased $380 million. Estimated required
reserves increased $678 million; and estimated excess reserves decreased
$32*4- million to $235 million. Excess reserves exceeded member bank borrowings at ^
the Federal Reserve Banks by $17 million, compared with the revised figure of
$73 million the week before.
The principal changes supplying average reserve balances with Federal
Reserve Banks were an increase of $823 million in Federal Reserve float and a
decrease of $51 million in Mother,T F. R. accounts (net). The principal offsetting
changes were decreases of $268 million in member bank borrowings and $55 million in
holdings of U. 8. Government securities, and increases of $107 million in currency
in circulation and $83 million in Treasury deposits with Federal Reserve Banks.
Total Reserve Bank credit increased $^95 million.
As of Wednesday, December 22, holdings of U. S. Government securities
bought outright were $193 million lower than a week earlier and member bank
borrowings were $176 million higher.
Member bank reserves,
Reserve Bank credit,
and related items
Reserve Bank credit:
U. S. Government securities-Bought 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)
Averages of daily Jfigures
Week ended Change from week ended Wednesday,
Dec. 22,
Dec. 23,
Dec. 22,
Dec. 15,
1964
1965
1965
1965
(In millions of dollars)
- 22
- 33
+4, l42
- 244
62
57
+
-
5
7
+
+
10
57
64
55
-268
- 3
+823
+^95
-
39
218
29
2,876
44,066
13,809
5.572
63,447
42,367
802
720
146
230
359
44,624
Member bank reserves:
With Federal Reserve Banks
Currency and coin (estimated)
Total reserves held
Required reserves (estimated)
Excess reserves (estimated)
40,631
22
40,802
18,822
3.993
22,815
22,58O
235
--
5
271
27
+ 16
+512
31
+3,891
-1,578
+ 168
+2,48l
2,627
43,675
13,809
5,568
63,052
+107
- l
+ 83
- 12
+ 5
- 51
+131
+2,533
+ 194
- 258
+
2
+
47
- 698
+1,819
42,509
+380
- 26
+35^
+678
-324
+ 662
+ 312
+ 97^
+1,136
- 162
+•
1
816
1
843
191
220
346
44,925
18,128
4,401
22,529
1 22,620
1
" -91
On Pecember 22, 19&5* u* S. Government securities held in custody by
the Federal Reserve Banks for foreign account wore $8,330 million, an increase of
$67 million for the week and a decrease of $2C6 million from the comparable date
a year ago.
H.4.1(a)
CONSOLIDATED sfcA!fcEMEN!l?.1OF CONDITION
OF THE TWELVE JfetiESAf, feSfiESVE BANKS
(in millions of"dollars)
Dec 22,
1965
ASSETS
Gold c e r t i f i c a t e account
Redemption fund for F . R. notes
Total gold c e r t i f i c a t e reserves
11,781
1,73^
13,5-15
- 6
+ 17
+ 11
-1,725
+ 1^5
-1,560
n4
298
+ 8
+176
207
6k
55
+ k
- 5
+ 1 1
*• 55
9,253
-193
+3,097
24,828
6,550
40,6.31
--
---193
40,631
~-m
4l,048
- 18
+1,276
+4,013
- 412
+3,601
+3,460
(1,814) 8,389
936
"6^306
+665
+ 1
+ 26
+693
+ 984
+
l
+ 260
+3,145
(615) 37,576
+157
+2,58O
18,128
843
19-1
220
19,382
(1,814) 5,962
204
(2,429) 63,124
- 94
+231
+ 47
- 7
+177
+333
- 1
+666
19
Cash
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreements
U. S. Government securities:
Bought out rightBills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreements
Total U. S. Government securities
Total loans and securities
(615)
Cash items in process of collection
Bank premises
Other assets
TOTAL ASSETS
104
(2M9)
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member hank reserves
U. S. Treasurer--general account
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
C A P I T A L
A C C O U N T S
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
CHahge since
Dec. 15,
D e c 23,
19§5
1964
548
524
110
(2,429) 64,306
+
l
-+ 26
+693
- 36c
75
- 15
+ 57
- 52
+1,003
+
{k
+3,605
+ 26
- 466
20
+3,1^5
Ratio of gold certificate reserves to
F. R. note liability (computed from
figures as shown on the following
pages—not consolidated)
35***#
-•!$
- 7*1$
Contingent liability on acceptances purchased
for foreign correspondents
1^3
2
+ 19
•* 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 AMD SECURITIES, DECEMBER 22, I965
(Acceptances and securities held under repurchase agreements are classified as
maturing within 15 days in accordance with maximum maturity of the agreements.)
Discounts and
and
advances
275
23
Within 15 days
16 days to SO days
91 days to 1 year
Over 1 year to 5 years
rs
Over 5 years to 10 year
jars
Over 10 years
Total
^98"
Acceptances
Act2eptances
64
55
119
U. S. Government securities
Changes
Holdings
during week
-142
680
+
4
6,207
17,844
14,066
1,449
385
"507531
- 55
^193
H.4.1(b)
STATEMENT OF CONDITION OF EACE FEDERAL RESERVE BARK ON DECEMBER 22, I965
Richmond Atlanta Chicago
(In millions of dollars)
Nerw
York
Philadelphia
Cleveland
703 2,712
4ic
SB
3,122
801
727
9^
821
1,027
1,057
146
144
117
15
h3
uh
^7
7
298
68
eh
---
Total
Boston
St. j Minne-j Kansas
Louis i apolis| City Dallas
San
Francisco
A S S E T S
; 11,781
Gold certificate account
Redemption fund for F. R. notes
; 1,73^
Total gold certificate reserves
13,515
F» R. notes of other Banks
Other cash
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreements
U« S. Government securities:
Bought outrightBills
Certificates
Notes
Bonds
Total
Held under repurchase agreements
615
55
9,253
164
32
196
415
68
483
290
57
3^7
1,222
60
19
28
25
4
26
7
e
37
5
62
15
h5
14
4
26
2
19
- •,
--
-_
«. -
«...
«...
-—
342
194
360
——
376
-—
521
137
852
966
255
1,009
266
933
1,581
1,651
5,790
--
«.-
-_
2,257
1,173
1,201
5
37
9
7^
9
59
11
60
4
28
17
11
64
55
--
»-
-.--
48c 2,226
482
781
643
--
«...
5C8
-. -.
318
2,575
1,5^2
-. -
m. «.
204
1,426
1,319
1,29^
2,C97
1,723
1,363
341
553
455
2,117
3,^31
2,821
36c
2,231
4,139
1.092
6,773
--
-._
--
--
--
.-_
2,109
9,774
2,117
3,431
2,821
2,231
6,773
1,501
852
l,58l
1,651
5.790
2,177
9,953
2,121
3,^59
2,838
2,242
6,818
1,515
856
1,607
1,653
5,809
67c 1,862
3
9
266
43
628
3
51
697
5
81
833
5
49
845
20
52
1,796
509
21
132
7
31
33^
3
20
647
7
4c
502
11
46
1,08C
104
936
66,735
3,7^8 15,344
3,672
5,46l
5,CC9
4,080
11,421
2,616
2,618
2,601
8,527
24,828
6,550
4«,631
1,289
2,109
5,972
1,576
9,77^
--
--
Total U. S. Government securities
40,631
Total loans and securities
41,C48
Cash items in process of
collection
Bank premises
Other assets
10,403
TOTAL ASSETS
455
64
519
752
99
851
34o
917
242
1,501
1,438
3,538
10
125 .
H.4.l(c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CN NOVEMBER 25, 1964
Total
Boston
New
York
Philadelphia
Deferred availability cash items
Other liabilities and accriaed
dividends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Contingent liability on ac(:ept ances purchased for fore:ign
correspondents
Richmond
Atlanta Chicago
St.
Louis
Minneapolis
San
Kansas
Dallas
|
FranCity
i cisco
(In millions of dollars)
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member "bank reserves
U.S. Treasurer-general a<2count
Foreign
Other
Total deposits
Cleveland
34,610
2,034
8,099
2,026
2,944
2,950
2,007
6,276
1,382
601
1>326
1,062
3,903
16,978
752
194
186
18,110
653
49
9
755
54
11
1
821
1,172
65
17
1
1,255
793
52
10
6
861
899
57
11
l
968
2,605
60
27
3
2,695
640
56
6
1
431
37
4
703
472
791
62
8
3
864
5,830
46 3
1,016
364
444
422
443
959
279
200
314
981
59
11
2
1,053
298
2,805
711
4,453
83
1/55
109
4,700
116
58,668
6
3,214
28
13,843
6
3,217
10
4,653
7
4,240
7
3,425
20
9,950
5
2,369
3
1,276
5
2,509
5
2,4l8
16
7,554
26
49
74
l4o
22
12
23
2
23
43
6
30
57
TO
S-
31
56
9
I
522
990
130 :
60,310
-
123_
25
47
6_
3,292
137
264
3P__
14,274
6 _.....|/3.3_.
29
55
J_.
47
90
9_
18
34
_5__
*
I_
lie
25
.59
3,00*
628
.,18
3,308
4,799
4,324
3,521
10,186
2,426
1,313
2,581
2,512
7,774
7
11
6
7
17
4
3
5
7
17
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
36,405
2,102
8,675
2,093
3,134
3,030
2,126
6,532
i7W~
621
1,374
1,146
4,103
6,667
1
30,645
410
1,720
500
615
340
1,100
280
112
225
180
735
1,720
7,100
450
1
1,800
2,700
2,450
i,8co
5,600
515
1,200
1,000
3,500
37,313
2,130
8,820
2,251
3,200
3,065
2,140
6,700
1,260
1,540
627
1,425
1,180
4,235
1/ After deducting $139 million participations of other Federal Reserve Banks.
2/ After deducting $ 90 million participations of other Federal Reserve Banks.
* Less than $500,000.
@FedFRASER