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•:&S28Ui FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release [December 30, 1965 The average of daily figures of total member bank reserves held during the week ended December 29 increased $278 million to $23,C82 million. Estimated currency and coin of member banks increased $26 million and their reserve balances at the Federal Reserve Banks increased $252 million. Estimated required reserves increased $47 million; and estimated excess reserves increased $231 million to $467 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $79 million; the week before revised excess reserves were $18 million greater than member bank borrowings. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $328 million in member bank borrowings and $199 million in U. S. Government securities held under repurchase agreements, and a decrease of $33 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $171 million in U. S. Government securities bought outright, $163 million in Federal Reserve float, and $23 million in gold stock. Total Reserve Bank credit increased $223 million. As of Wednesday, December 29, holdings of U. S. Government securities bought outright remained unchanged frcm a week earlier, U. S. Government securities held under repurchase agreements were $258 million higher, and member bank borrowings were $228 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 Acceptance s-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) Average;s of daily figures Week ended Change frcm week ended Wednesday, Dec. 29, Dec. 30, Dec. 22, Tec. 29, 1964 1965 1965 1965 (In millions of dollars) ^0,631 221 66 66 546 h6 2,713 44,289 13,786 5.585 63,659 42,348 -171 +199 +4,06l - 145 + + + + 4 9 73 91 +328 + 17 -163 +223 - 23 + 13 +212 + 42 + 15 - 171 +3,880 -1,602 + 188 +2,465 499 4i + + - 44,586 - 38 19,074 4,008 23,082 22,615 +252 + 26 +278 + 47 +231 + 736 + 355 +1,C91 +1,186 - 95 467 258 13 64 +2,496 + 197 - 303 62 + 49 - 647 +1,730 817 687 159 226 349 4o,631 19 15 33 13 4 10 2,215 43,808 13,734 5.591 63,133 42,3l4 820 533 159 227 338 44,391 18,742 4.629 23,371 22,797 574 Cn December 29, 19&5, u- S. Government securities held in custody by the Federal Reserve Banks for foreign account were$8,384 million, an increase of $5^ million for the week and a decrease of $131 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT" OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Dec* 29, 1965 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought r«ptright Held under repurcmse agreements Total U, S. Government securities (740) 11,70^ 1,732 13,^36 - 77 2 79 -1,801 + 162 -1,639 119 54o + + 5 242 12 + 183 73 91 + + 9 36 + + — __ __ --- 2^889 + + 258 258 41,593 + 545 +4,407 258 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits 144 + 348 -1,428 1 : 37 • 921 (7^0) 37,364 212 +2,533 614 310 32 7 279 221 69 39 665 -1,016 + 2 - 947 + 431 + 76 +3,705 18:, 7^2 533 159 227 19,661 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES H 7,161 103 973 (2,581) "637355 (1,841) Cash items in process of collection Bank premises Other assets TOTAL ASSETS 17 81 +3,209 -- 360 +1,276 +4,125 + 1 +4,126 9,253 -24,828 6,550 40,631 Total loans and securities £ & * I 21 h L Change since Dec. £2, Dec. 30, 1964 1965 (1,841) 4,946 206 (2,581) "627177 + + + 916 ACCOUNTS 548 Capital paid in 524 Surplus Other capital accounts 136 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,58l) 63,385 + - 26 921 24 466 15 +3,248 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 35-3$ »1# -1.2$ Contingent liability on acceptances purchased for foreign correspondents l43 — + 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 29, 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 advances Within 15 days 501 16 days to 90 days 39 91 days to 1 year -Over 1 year to 5 years irs fear s Over 5 years to 10 years „ Over 10 years Total 5W> Acceptances 101 63 --.--. 164 U. S« Government securities Changes during week Holdings 1,012 6,267 17,710 l4,c66 1,449 385 Tw~BS9 +332 + 60 -134 ---+25B STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 29, I965 H.4.1(b) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minne- Kansas Dallas apolis City San Francisco (In millions of dollLars) A S S E T S ; Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 11,704 1,732 709 97 2,612 409 13753S """806"" 3,021 7^0 119 1,096 1,069 148 143 8I7 " 17217 ~ 1,239 " 723 94 757 2,087 318 B5F-" 27405 99 528 6k 198 449 592 33 231 67 5l6~" 370 1,106 56 2C4 526~ 1,310 85 8 66 11 77 20 35 7 30 k 30 7 40 6 76 16 82 4 5^0 4 Discounts and advances 136 53 Acceptances: ----Bought outright 73 73 ---Held under repurchase agreements 91 91 U. S. Government securities: Bought outright— Bills 480 2,226 482 781 643 9,253 _-----Certificates Notes , 24,828 1,289 1,294 5,972 2,097 1,723 Bonds 341 __552__ _45_5 6450.1 3^0 _i*5Z6 2,117 2,821 Total ^ ,} 3,431 9,774^ To, 631 [ 2,109 — Held under repurchase agreements 258 258 _ 4o 64 21 n 59 16 54 --- •-- -_ -- __ -- _. -.- __ -- •»_ 5C8 1,542 342 194 360 376 1,319 -.« -- -- -- -- -- 1,363 360 2,231 4,139 1,092 6,773 917 242 521 137 852 966 255 1,009 266 933 1,581 1,651 5,790 1,581 1,651 5,790 F. R. notes of other Banks Other cash 59 8 140 16 Total U. S. Government securities 4o,889 :_2A09___10,032_ Total loans and securities 41,5i Cash items in process of collection Bank premises Other assets TOTAL ASSETS 51 6 51 10 _JL43_i__ 2,821 J,231 1,501 __6,J73__ 1,501 1 _ 8_52_ m. — 3,538 i,191 10,332 2,121 3,435 2,874 2,271 6,837 1,522 859 l,64o 1,667 5,844 1,764 607 5 84 737 5 52 750 20 54 1,587 9 274 526 3 52 20 139 449 7 33 28l 3 20 508 7 43 421 11 48 818 10 129 \ 65,966 1 3,666 15,556 3,576 5,409 5,000 4,028 11,085 2,645 1,428 2,751 2,619 8,2C3 9,002 1 103 554 3 j 973 1 45 1' . —"— H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 29, 1965 Total Boston New York Philadelphia L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer-general acjcount Foreign Other Total deposits Deferred availability cash items Cther liabilities and accrtled dividends TOTAL LIABILITIES Cleve- Rich- Atlanta Chicago mond land (in millions of dollars) St. Louis Minneapolis Kansas Dallas City San Francisco 38,10U 2,266 8,609 2,254 3,253 3,405 2,269 6,917 1,457 702 1,432 1,198 4,342 18,7^2 533 159 227 19,661 768 59 8 5,153 60 1/41 150 757 35 9 * 842 75 8 5 835 930 2,719 63 23 1 2,806 716 48 5 1 770 2 463 837 45 7 2 801 1,060 34 9 5 1,108 442 35 4 5,4o4 1,443 51 14 1 1,509 891 983 24 9 1 1,017 3,022 4 22 5Q 3,107 6,787 497 1,175 446 521 588 568 1,153 369 210 368 327 565 10 3,511 18 5,301 14 4,937 11 3,956 33 10,909 7 2,603 5 1,400 8 2,699 9 2,551 28 8,042 30 29 6 50 28 26 9 33 31 8 78 75 23 19 18 13 12 3 24 23 32 31 5 72 70 _5*Jt£2_ -5^QC^_ 4,028 7 9 206 64,758 10 53 15,241 3,6o8 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liat>ilit$*X3Sc?acc:eptances purchased for forejign correspondents 5^8 26 25 136 J5J36L 7 3,666 1^3 7 143 137 35 15,556 _3^57<? 2/37 8 47 11 13 •5 11,085 _._2U645_ _1.428 20 •5 2,751 . 2.619 5 3 7 8 19 8.203 ... 19 . FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible pape]* U. S. Government securities Total collateral W& 7~3^ 9,087 2,339 3^85 3,566 2,432 7,325 1,537 735 1,509 1,292 500 1 6co 833 550 1,100 127 225 180 615 1,300 1,130 JLL2C0. 742 1,525 1,310 5,035 6,605 21 34,710 440 1,000 1,945 8,200 1,900 2,950 2,760 1,900 6,4oo 315 20 1,310 41,336 2,385 9,200 2,401 3,550 3,593 2,450 7,500 1,645 1/ After deducting $118 million participations of other Federal Reserve Banks, 2/ After deducting $106 million participations of other Federal Reserve Banks. * Less than $500,000. 735
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