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FEDERAL RESERVE Factors Affecting B a n k R e s e r v e s a n d Condition S t a t e m e n t of F.R. B a n k s T. . ^ * For immediate release February 18, 1965 The average of daily figures of total member bank reserves held during the week ended February 17 decreased a net of $323 million to $20,991 million. Estimated currency and coin of member banks increased $lM3 million and their reserve balances at the Federal Reserve Banks decreased $Vfl million. Estimated required reserves decreased $117 million; and estimated excess reserves decreased $206 million to $29^ million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $59 million; the- week before revised excess reserves were $28 million lass than member bank borrowings. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $119 million in member bank borrowings, $108 million in gold stock, $45 million in U. S, Government securities bought outright and $76 million in those held under repurchase agreements, and increases of $77 million in Treasury deposits with Federal Reserve Banks and $fk million in currency in circulation. The principal offsetting change was an increase of £68 million in Federal Reserve float. Total Reserve Bank credit decreased $195 million. As of Wednesday, February 17, holdings of U. S. Government securities bought outright were $13 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $57 million higher, and member bank borrowings were $85 million higher. Holdings of notes increased $480 million and bonds decreased $480 million, reflecting the exchange of bonds maturing February 15 for k per cent notes maturing November 15, 1966. 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 pold 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) Averageis of daily figures Week ended Change from week ended Wednesday Feb. 17, Feb. 10, Feb. 17, Feb. 19, 1964 1965 1965 1965 (In millions of dollars) +4,226 + 38 37,120 63 - 45 • 76 57 44 - 2 - 20 7 + 57 48 353 45 -119 1,540 39,l8'9 1^,937 5,397 59,523 + 68 -195 -108 + 6 -297 38,715 + + + + 37,088 699 1,001 141 220 1,158 41,93^ 17,589 3,402 20,991 20,697 294 -- 44 + 62 + 45 - 3C6 +4,101 - 525 - 186 +3,389 +173 +2,246 + 279 + 22 + 17 + 11 + 198 +2,772 -471 +148 -323 -117 -206 + + + + - 74 20 77 11 13 -- 166 617 203 820 946 126 184 45 1,626 39,246 14,938 5,400 59,584 38,674 717 777 136 195 1,199 41,698 17,886 3,735 21,621 20,763 On February 17, 19&5; U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,03^ million, an increase of $88 million for the week and a decrease of $750 million from the comparable a year ago. Digitized fordate FRASER 858 B-4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS \ JULX IU J. .Lj.JLUi.Li3 Feb. 17, 1965 A S S E T S Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves Cash Disccunts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities y. (765) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 13,092 1,551 14,643 - -3 3 - 662 + 136 - 526 170 229 - 2 85 + 123 156 57 48 1 25 5 48 6,658 -25,668 4,794 37,120 166 37,286 13 -+ 480 - 480 - 13 + 57 + 44 +3,379 -3,265 +4,047 + 239 +4,400 + 166 +4^566 37,620 + 103 +4,765 (1,771) 6,843 154 372 (2,536) 59,8C2 +1,195 + 52 - 192 +1,153 + 557 + S2 - 119 +4,606 (765) 33,866 71 +2,587 17,886 777 136 195 18,994 + 551 - 130 7 + 3 + 417 + 918 4i +1,223 +1,297 - 167 5 4 +1,121 + 818 + 522 +5,o48 Total loans an^securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Feb. 19, 1964 1965 Feb . 10, (1,771) 5,217 604 (2,536) 58,681 C A P I T A L A C C O U N T S + 24 -529 Capital paid in 466 524 -Surplus -68 - 70v Other eanital accounts 1 capital accounts ^ .» .,.. „.. TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,536) 59.802 +1,153 +*+>6c6 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 27.3$ -2$ - 3-1$ Contingent liability on acceptances purchased for foreign correspondents 119 1 + 2 6 * 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 17. 1965 ~ (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 Within 15 days 16 days to 90 days 91 days to 1 yearOver 1 year to 5 years Over 5 years to 10 years Over 10 years Total 182 1+7 62 ^3 -229 -105 1,271 7,348 14,822 11,753 1,797 295 37,286 - 393 +4,102 -1,912 -1,753 --- + kk STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 17, 1965 H. 4.1(b) Total Boston New York Philadelphia Cleveland Richmond -y- .... ,.— Atlanta Chicago St. Louis Minneapolis Kansas Eallas City San Francisco of dollars) (In millions A S S E T S 13,092 1,551 14,643 626 88 714 2,980 347 3,327 670 86 756 1,100 136 1,236 980 135 1,115 730 93 823 2,260 284 2,544 511 62 573 272 28 30C 567 62 629 589 51 640 1,807 179 1,986 765 170 72 11 222 37 49 5 60 14 59 10 76 17 59 28 35 8 15 5 15 10 38 6 65 19 Discounts and advances 229 15 Acceptances: Bought outright i 5T Held under repurchase agreements 48 U. S. Government securities: Eought outright-6,658 : Bills 359 Certificates 25,668 1 1,382 Notes 258 Bends • 4,794! Total : 37,120; i,999 Held under repurchase agreements 166 23 8 13 11 39 72 7 4 11 3 23 8,942 166 Total U. S. Government securities | 37,286 1,999 Geld certificate account Redemption fund for F. R. notes Total gold certificate reserves F- R> notes of other Banks Other cash Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1 57 48 1,604 358 545 463 352 1,164 259 139 268 252 895 6,183 1,155 1,379 258 1,995 2,101 392 3,038 1,786 333 2,582 1,357 253 1,962 4,487 838 6,489 1,000 187 1,446 534 ICO 773 1,034 193 1,495 973 182 1,407 3,452 645 4,992 9, ice 1,995 3,038 2,582 1,962 6,489 1,446 773 1,495 1,407 4,992 2,014 9,236 2,003 3,051 2,593 2,001 6,561 1,453 777 1,506 1,410 5,015 619 1,773 8 105 536 3 23 640 6 36 646 5 24 721 19 23 1,396 21 65 367 6 15 244 4 10 509 6 21 405 11 19 758 62 1C 1 62,338 3,454 14,708 3,375 5,043 4,452 3,680 10,674 2,457 1,355 2,696 2,529 7,915 37,620 ! 8,6i4 154 i 372 ! 3 21 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 17, I965 1.4.1(c) Total Boston New York Philadelphia 3^,631 2,056 8,062 IT,886 777 136 195 18,994 6,988 St. 1 Minne- Kansas Dallas Louis apolis City 2,030 2,958 2,966 2,005 6,277 1,379 628 1,327 1,070 3,873 746 36 7 1 792 1,299 48 12 1 1,360 763 76 7 6 854 938 58 2,892 94 19 2 3,007 838 89 6 3 936 8 l 1,037 3,046 40 18 62 3,166 569 1,306 458 572 543 569 1,138 719 300 417 62 3 1 483 962 8 1 1,CC5 669 45 5 1 747 4,64o 95 1/37 "116 4,888 204 358 325 646 29 158 3,4tl 14,414 3,313 5? 4,943 32 4,395 3,614 90 10,512 21 2,419 14 1,329 26 2,647 2,465 80 7,765 l4o 137 17 29 29 4 47 47 6 26 26 5 31 31 4 76 75 11 18 18 2 12 12 2 24 23 2 31 31 2 70 70 10 l4,7C8_ 3,375 5,043 4,452 3,680 10,674 2,457 1,355 2,696 2,529 7,915 T1 11 6 7 17 7 16 L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer-general ac; count Foreign Other Total deposits Deferred availability cash items Other liabilities and aecriled dividends TOTAL LIABILITIES 674 66 6 6o4 61,217 San Francisco Cleve- Rich- Atlanta Chicago mond land (In millions of dollars) * 66 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES M L CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for fore]Lgn correspondents 529 5?4 68 25 25 62,338 3,454 3 119 L . 5 2/31 4 _ 3. ...5..., 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 1/ After deducting $ 2/ After deducting $ 8,585 2,096 3,178 3,082 2,160 6,63c 1,456 651 1,375 1,159 4,107 1,710 435 5CC 665 34o i,icc 280 112 225 180 735 5 7,200 1,800 2,775 2,445 1,900 5,700 1,260 545 1,200 1,050 3,700 8,910 2,237 3,275 3,H0 2,24o 6,8co 1,545 657 1,425 1,230 4,435 million participaticns of other Federal Reserve Banks, million participations of other Federal Reserve Banks. * Less than $500,000.
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