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FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release February 11, 1965 The average of daily figures of total member bank reserves held during the week ended February 10 decreased a net of $115 million to $21,289 million. Estimated currency and coin of member banks decreased $263 million and their reserve balances at the Federal Reserve Banks increased $148 million. Estimated required reserves decreased $223 million; and estimated excess reserves increased $108 million to $492 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $20 million, compared with the revised figure of $106 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $36^ million in U. 3. Government securities bought outright and $32 million in those held under repurchase agreements and $19^ million in member bank borrowings. The principal offsetting changes were decreases of $139 million in Federal Reserve float and $112 million in gold stock, and increases of $126 million in "other" F. R. accounts (net) and $85 million in currency in circulation. Total Reserve Bank credit increased $46l million. As of bought outright ties held under borrowings were Wednesday, February 10, holdings of U. S. Government securities were $16 million lower than a week earlier, U. S. Government securirepurchase agreements were $129 million lower, and member bank $611 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank creidt: U. S. Goverrjuent securities-Bought outright--System account ®el& 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, Feb. 10, Feb. 12, Feb -3 Feb. 10, 1964 1965 1965 1965 Tin millions of dollars) 37,133 139 59 64 472 55 39,385 15,01*5 _5i.39l 59,820 +364 + 32 +3,919 + 78 37,133 109 + + + 5 62 58 73 + 105 + 40 24 +4,176' - 453 - 195 +3,528 99 45 1,3^9 1 8 +195 -139 +56T -112 - 1 +347 38,641 679 924 152 207 1A58 51,761 + 85 + 10 - 16 + 4 - 9 18,060 3,229 21,289 20,797 ^92 +148 -263 -115 -223 +108 +126 +200 W^(Z 14,938 5,396 59,200 +2,179 + 255 54 1 + 7 + + 197 38,761 692 907 153 192 1,170 +2,585 i 517865" + 944 + 167 +1,111 +1,021 + 90 17,335 3,625 20,950 20,786 174 On February 10, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,956 million, a decrease of $33 million for the week and a decrease of $831 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STSTISHEIHT OF CCNTITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Feb. 10, 1965 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright~Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L - 150 8 - 158 - 677 + 147 - 530 172 144 - - 6ll - 130 - 237 58 73 + 10 + 6,671 - 16 - 16 +2,932 -7,066 +7,^59 + 629 +3,954 + 50 +4^004 13,092 1,554 14,646 •X* (760) Change since Feb. 12, Feb. 3, 1964 1965 25,188 5,274 37,133 109 37,242 37,517 (1,168) 5,648 102 564 (1,928) 5B7B4"9 (760) 33,937 17,335 907 1V3 192 18,577 (l,l68) 4,299 645 (1,928) 57,458 13 - 129 - 145 - Jh6 6 71 - 169 +3,832 + 68 - 60 -1,146 - 68 +3,172 + 153 +2,528 -1,069 - 118 + 5 z 12. -1,201 - 121 2 3 -1,172 + 57^ - 35 + 6 - 1^5 + 400 + 77 + 562 +3,567 A C C O U N T S Capital paid in 529 + 1 + 25 Surplus 524 -- 466 Other capital accounts 138 + 25 + 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,928) 58,649 -l,lh6 +3,172 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 27-5$ + •jf> - 2.5$ Contingent liability on acceptances purchased for foreign correspondents 120 2 + 2 7 * 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, FEBRUARY 10, 19^5 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Discounts and Changes advances Acceptances Holdings during week 1,664 Within 15 days 1,664 ~l43 98 83 16 days to 90 days 46 + 9 3,246 48 ---. 91 days to 1 year --16,734 - 11 16,73^ -Over 1 year to 5 years 13,506 Over 5 years to 10 years -1,797 Lrs --«. Over 10 years _ _295 ^_ 37,242 Total Iiro W 131 37,242 ^145 131 H -4.1(b) •-STATEMENT OF CONDITION, OF, EACH FEDERAL RESERVE BANK ON FEBRUARY 10, 1965 Total IBoston New York i i q+ Phila- Cleve- Riche T . delphia land mond Atlanta I Chicago I1Louxs Minne- Kansas apolis City Dallas Francisco (In millions of dollars) A S S E T S 13,092! 836 88 924 2,886 349 3,235 692 86 778 991 136 1,127 915 135 1,050 721 93 814 2,323 284 2,607 558 62 260 28 616 62 556 51 620 288 678 607 1,738 180 1,918 71 217 49 68 58 73 17 57 29 36 8 17 6 40 6 59 21 10 Discounts and advances 144! Acceptances: 6 Bought outright 58 Held under repurchase agreements 73 U. S. Government securities: Bought outright— 1 Bills I 6,671 355 Certificates Notes 25,188 1,3^2 Bonds 5,274 281 Total 37,133 . 1,978 -— Held under repurchase agreements .. 109 36 5 14 11 15 9 11 4 8 15 33 17 18 17 1,617 360 550 474 375 1,132 246 135 263 260 904 6,103 1,278 8,998 109 1,358 284 2,002 2,077 *35 3,062 1,791 375 2,64o 1,^15 296 2,086 4,273 895 6,300 930 195 1,371 512 107 75^ 992 207 1,462 983 2C6 1,449 3,412 715 5,031 Total U. S. Government securities 37,242 r 1,978 9,107 2,002 3,062 2,64o 2,086 6,300 1,371 754 1,462 1,449 5,031 Total loans and securities 37,517 1,984 9,255 2,006 3,070 2,655 2,097 6,333 1,378 756 1,479 1,467 5,037 6,816 102 564 470 3 29 1,215 8 139 449 3 30 485 6 46 517 5 36 592 19 32 1,104 21 89 350 6 21 214 4 12 409 6 25 340 11 24 671 10 81 60,577 3,491 14,105 3,320 4,816 4,332 3,644 10,240 2,419 1,297 2,621 2,495 7,797 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 14,646i F- R. notes of other Banks Other cash 760 172 t— .«»—•_ — Cash items in process of collection Bank premises Other assets TOTAL ASSETS ..- r — i1—- -•— ,— 58 73 H.k.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 10, 1965 Total ^Boston New York 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 availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNT'S 2,058 8,085 2,036 2,956 2,971 2,012 6,283 1,383 626 1,331 1,070 3,881 17,335 907 82<< o 4,349 1,202 791 43 7 6 968 74 8 1 1,051 2,685 97 19 4 2,805 64l 50 5 407 848 65 968 79 1 l 2 A 1 2,905 120 18 474 878 18,577 : 5,467 6 l/44 745 51 7 * 118 1 899 446 4,663 804 379 1,269 428 847 419 35 57 33 38 95 23 15 28 35 86 3,254 4,710 4,270 3,575 10,066 2,378 1,270 2,569 2,428 7,639 47 47 31 31 7 76 75 23 18 18 5 12 12 12 26 26 10 3 24 23 5 31 31 5 70 70 18 4,8l6 4,332 3,644 10,240 2,419 1,297 2,621 2,495 7,797 11 6 7 lb w J 152 876 645 > .—..31.. 169 i 59,386 • 3,434 13,793 25 25 7 140 137 35 29 29 ^0,577 , 3,491 14,105 3,320 529 524 138 Contingent liability on acceptances purchased for foreign c orrespondent s San Francisco 3^,697 192 Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Minne-* Kansas' ,, Phila-! Cleve-1 RichSt, Atlanta j Chicago i rCity .+,r iDallas idelphia' land mond Louis ! apolis * i I (In millions "of dollars) 120 2/32 53 12 2 7 56 3 697 — 4 5 7 — 162 275 921 "1,056 289 267 17 55 3,0-98" 574 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 36,639V 2,141 8,613 2,105 3,lol 3,083 2,160 6,624 1,459 T4T 1,371 1,150 4,ic6" 420 1,710 435 500 530 225 180 735 1 31,480 ; 1,765 7,200 __ 2,585 1,ice .. 5,700 112 _2,775 340 __ 1,900 280 1 i,8C0 5 1,260 545 1,200 1,050 3,70Q. 38,053! 2,185 8,910 2,236 3,275 3,H5 2,240 6,8co 1,545 657 1,425 1,23c 4,435 i O,5o7 ] 1/ After deducting $ 99 million participations of other Federal Reserve Banks. 2/ After deducting $ 8 8 million participations of other Federal Reserve Banks. * Less than $500,000.
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