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H.U.I ***"* Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release February 3, 1966 The average of daily figures of total member bank reserves held during the week ended February 2 increased a net of $125 million to $22,580 million. Estimated currency and coin of member banks decreased $59 million and their reserve balances at the Federal Reserve Banks increased $l8U million. Estimated required reserves increased $22 million; and estimated excess reserves increased $103 million to $U01 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $17 million, compared with the revised net borrowed figure of $5^ million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $2^9 million in U. S. Government securities held under repurchase agreements, $89 million in U. S. Government securities bought outright, and $66 million in member bank borrowings, and a decrease of $156 million in currency in circulation. The principal offsetting changes were decreases of $178 million in Federal Reserve float and $3^ million in acceptances held under repurchase agreements, and increases of $88 million in Treasury deposits with Federal Reserve Banks, $59 million in "other" F. R. accounts (net), and $3^ million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $189 million. As of bought outright securities held bank borrowings Wednesday, February 2, holdings of U. S. Government securities were $563 million higher than a week earlier, U. S. Government under repurchase agreements were $1*46 million higher, and member were $317 million lower. 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) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) j Average s of daily figures Wednesday, week ended; Week ended :Change from Jan. 26, Feb. 2, Feb. 3, i Feb. 2, 1966 1966 1966 1965 1 millions of ' dollars) t*> 4o, 299 249 + 89 +21*9 +3,530 + l42 73 38 - 1 - 3^ + - 15 18 73 35 4i8 21 1,907 43,005 13,732 5,632 62,369 + 66 + 140 - l -178 +189 - 2k 595 20 1,890 43,658 13,734 5,635 63,027 in, 081 831 834 178 235 54o 43,700 -156 - 8 + 88 + 3k + k +2,516 + 167 + 59 + 22 - 492 +2,135 18,669 3,911 22,580 22,179 4oi +184 - 59 +125 + 22 +103 + + - 1 + 17 +205 + 296 +4,082 -1,425 + 236 +2,893 - 106 + 30 + 19 757 422 +1,179 +1,160 + 19 1 40,599 446 41,156 828 1,039 167 236 697 44,123 18,904 4,102 23,006 22,430 576 On February 2, 1966, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,767 million, a decrease of $253 million for the week and a decrease of $212 million from the comparable date a year ago. H. 4 . 1 (a) CONSOLIDATED STATEMENT, 0?.. CONDITION OF THE TWELVE FEDERAL MSEKVE BANkS (in millions of dollar^/ Feb. 2, 1966 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other 2/ Total^.deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES „ (i,ivr) . Change since Jan. 26, Feb. 3, 1966 1965 11,696 1 '1^? 13,436 168 615 + 15 — + 15 + 1 - 317 73 35 -- -1,546 X J^ -17368 17 - 140 + + 38 + 15 28 9,221 «24,828 6,550 40,599 446 41,045 41,768 + 563 + 446 +1 ,009 + 65S (1^28) 6,468 102 622 (2,575) 62,56*1 + 5T 1 - 177 + 549 (1,147) 36,219 28 +2,435 4l6 299 433 — + 748 - 215 + 13 + TO? + 5C0 + 14 + 29 + 25 + 568 + 158 - 467 +2,694 (1) (1) (1,427) (2,575) 18,904 1,039 167 236 20,346 ^,578 181 61,324 C A P I T A L A C C O U N T S Capital paid in 555 Surplus 551 Other capital accounts 13^ TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,575) 62,564 563 — — — + + -- + + -31 5^9 +2,53^ — - 360 +1,276 +3,450 + 208 +3,658 +3,505 + 651 — 2 +2,769 + 27 + 27 + 21 +2,769 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 36*0$ + «1$ - 6.7$ Contingent liability on acceptances purchased for foreign correspondents 13^ 2 + 1 2 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages, l/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. , MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 2, 1966 (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 592 16 days to 90 days 23 91 days to 1 year «... Over 1 year to 5 year:s -.Over 5 years to 10 years — Over 10 years — Total 615 Acceptances 52 56 __ — — 108" U. S. Government securities Changes Holdings during week 3,767 +2,537 4,097 -1,723 17,281 + 195 14,066 1,449 385 41,045 +1,009 H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 2, 1966 Total Boston New York Philadelphia Cleve- •' RichAtlanta Chicago land mond St. Louis I Minne- Kansas i apolis City jDallas San Francisco (in millions of dollars) A S S E T S 1 1 Gold certificate account 11,6961 Redemption fund for F. R. notes j 1,7401 Total gold certificate reserves 1 13,436' 84i 1,122 147 1,269 1,075 148 1,223 258 25 91 6 96 15 162 22 615 ! Discounts and advances Acceptances: Bought outright 73 1 73 Held under repurchase agreements 35 35 U. S. Government securities: Bought outright-Bills 1 9,221 485 2,279 Certificates Notes 24,828; 1,305 6,135 Bonds 344 1 6,550, 1,619 Total 2,134 10,033 i 40,599 : Held under repurchase agreements 446 446 19 F. R. notes of other Banks Other cash Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 1 1,147 • 168: 838 2,069 415 2,484 87 12 739 99 4i9 64 206 32 429 67 361 56 743 2,46o 317 2,777 483 238 496 4i7 1,424 203 1,627 103 15 116 19 109 23 50 9 37 38 7 65 9 97 22 15 4l 20 161 30 10 30 6 99 472 758 630 517 1,522 342 200 369 385 1,262 1,271 335 2,078 2,c4i 539 3,338 1,696 446 2,774 1,394 368 2,279 4,ioo 1,081 6,703 922 243 1,507 537 142 879 992 262 1,623 1,036 273 1,694 3,399 896 5,557 748 93 s 0 4i,o45i 2,134 10,479 2,078 3,338 2,774 2,279 6,703 1,507 879 1,623 1,694 5,557 4i,768 2,156 10,749 2,097 3,353 2,815 2,299 6,864 1,537 889 1,653 1,700 5,656 536 3 29 l,4i8 566 5 50 613 5 36 64o 20 33 1,343 376 9 185 481 3 31 20 256 3 13 471 7 26 385 10 26 811 10 92 7 21 65,139! 3,661 15,128 3,550 5,354 4,810 3,870 11,228 2,483 1,442 2,698 2,612 8,303 7,896i 102i 622 ! 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 644 99 8o H. 4. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CN FEBRUARY 2, 1966 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas 1 City [Dallas San Francisco (in millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves ic count U.S. Treasurer--general •< Foreign Other Total deposits Deferred availability cash items Other liabilities and accriaed dividends TOTAL LIABILITIES 3,360 2,187 6,78.1 1,424 693 i,4c6 1,178 4,238 1,485 863 92 68 14 8 1 . 6 1,592 9^7 1,037 54 10 3,048 104 23 676 75 6 3,176 756 798 8C 7 ? 887 1,005 41 9 1 1,056 3,041 106 21 1,102 449 51 4 # 504 454 426 496 1,060 251 213 344 301 657 8 3,483 14 5,243 12 4,745 10 3,795 30 11,047 7 2,44o 3 1,^13 7 2,644 8 2,5^3 24 6,140 30 30 7 50 50 11 28 28 9 33 33 9 8c 79 22 19 19 25 24 5 32 32 5 73 72 18 3,661 15,128__ 3,550 5,35^ 4,810 3,870 11^228 2,483 37,366 2,233 8,483 2,200 18,904 1,039 167 ?T7 20,347 771 82 8 1 862 4,884 210 1/48 5,309 847 76 9 1 933 6,005 497 964 3^2 9 49 3,601 14,805 l8l 63,899 ?7;L67 3,183 1 3,221 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac septances purchased for fore ign corre spondents F.R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 555 551 13^ 65,139 I 13JL 27 27 6 6_ 145 144 34 3/35 8 12 19 I_ FEDERAL RESERVE AGENT'S ACCOUNTS 7_ 5_ 1,442 3__ 2,698 6 _2,6l2 _8_-J03__ 8_ 18 40,009 2,344 9,C62 2,3C8 3,^63 3,5^7 2,395 7,278 1,512 731 1,489 1,276 4,6c4 6,660 44o 1,000 500 6cc 886 550 1,100 127 225 180 735 8,200 16 2,950 3,550 2,693 3,581 1,900 6,4oo 1,130 4,300 7,500 625 752 1,300 2,450 315 29 1,310 1,654 1,525 1,310 5,035 JM53_ 41,358"• 2,385 9,200 1,900 2,4i6 1/ After deducting $L19 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 3/ After deducting $ 9 9 million participations of other Federal Reserve Banks. 5 13 13 3 . * Less than $500,000.
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