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FEDERAL RESERVE Factors A f f t c t i i g Bank Rtstrves and Condition Statomont of F.R. Banks For immediate release February 4, 1965 The average of daily figures of total member bank reserves held during the week ended February 3 increased a net of $137 million to $21,397 million-. Estimated currency and coin of member banks decreased $107 million and their reserve balances at the Federal Reserve Banks increased $244 million. Estimated required reserves increased $98 million; and estimated excess reserves increased $39 million to $380 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $102 million, compared with the revised figure of $138 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $435 million in U. S. Government securities bought outright and $75 million in member bank borrowings, and decreases of $88 million in currency in circulation and $57 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $230 million in Federal Reserve float and $30 million in gold stock, and an increase of $155 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $292 million. As of bought outright securities held borrowings were Wednesday, February 3, holdings of U. S. Government securities ' were $jkk million higher than a week earlier, U. S. Government under repurchase agreements were $80 million lower, and member bank $521 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 P. R. Banks Foreign deposits with P. 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 endedj Wednesday T a n . 27, I Feb. 5, I Feb. 3; Feb- 3, 1965 1965 1_1?6|L i l£6l '(In millions of dollars) I 36,769 107 +^35 + 1 +3,790 37,149 77 238 + Ik 8 55 58 63 + 36 + 10 + 194 +4,152 - 355 - 195 +3,603 710 45 597^3 + 75 - 4 -230 +292 - 30 + 5 +26T 38,556 669 940 148 216 1,032 41,561 - 88 + 12 - 57 - 3 + 3 +155 + 23 +2,264 + 244 + 181 + 17 + 2 + 72 +2,779 17,912 3,485 21,397 21,017 380 +244 -107 + 823 + 354 +1,177 +1,163 + 14 58 56 278 45 1,611 38,923 15,157 5,392 + 2 +137 + 98 + 39 + 1,397 39,660 15,088 5,392 60,140 38,605 670 1 1,025 138 211 1,087 WTIS" 18,404 3,648 22,052 21,102 950 On February 3, 1965; U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,979 million, a decrease of $209 million for the w.ek and a decrease of $750 million from the comparable date a year ago. H.h.1(a) CONSOLIDATED STAJEMEHT OF CONDITION OF THE TWELVE FEDEEAL RESERVE BANKS (In millions of UU-LXCLi dollars) O ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total If. S» Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. 3. Treasurer--general account Foreign Other Total deposits Fet>. 3, 1965 4f • (865) Change since Feb. 5, Jan. 27, 1964 1965 13,242 1,562 14,804 + 165 + + 755 75 8 ~5T 6 521 58 63 l 6,687 + 744 25,188 5,274 3771^9 238 744 80 37T3S7 - 577 + 151 - 426 - 125 + 332 v HE 6 60 +2,835 -7,066 +7,^59 + 629 +3,857 + l?5 +47gi2 38,263 +1,186 +4,398 (1,322) 5,817 102 624 (2,187) 59,795 35 192 HI + 417 1 + 14 +4,277 37 +2,522 + 584 + 118 + 5 + 17 724 + 102 + 13 + + 925 + 390 + 1 + 5 +1,321 + 298 + 568 +4,709 + 22 + 898 + 24 - 466 + 10 +4,277 (865) 33,784 Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 18,404 1,025 138 211 19,778 (1,322) 4,420 648 (2,187) 58,630 Capital paid in ~ ~ Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 528 524 113 (2,187) 59,795 +~ j- Batio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 27.2$ .% - 3.0$ Contingent liability on acceptances purchased for foreign correspondents 122 1 + 3 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, F5BRTTAEY 3. 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 during week advances Acceptances Holdings Within 15 days 708 1,807 75 16 days to 90 days 46 + k 3,237 v? ~+2?6 91 days to 1 year -16,745 ~Oyer 1 year to 5 years -13,506 __ Over 5 years to 10 years -1,797 ~Over 10 years -295 Total 121 37,387 755 tm H.4.1(h) STATEMENT OF CCKtlTICK CF EACH FELERAL RESERVE BANK CN FEBRUARY 3, 1965 Total Boston New ] York Phila-j Cleve- Rich- | A t l a n t a iChicago idelphia! land ! mend Louis ( i n m i l l i o n s of d o l l a r s ) Minneapclis Kansas Dallas City ban Francisco A S S E T S 13,242 ; 1,562 14,6C4| Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Cther cash T i s c c u n t s and advances Acceptances: Eought o u t r i g h t Held under r e p u r c h a s e agreements U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bends Total Held u n d e r r e p u r c h a s e T c t a l U. S . Government T o t a l l o a n s and 1 b 1 ! 1651 755! ! f\ 6 | 3,271 349 3,62C 727 67 814 l,C92 136 1,226 9C2 137 l,C39 705 94 799 2,176 265 2,461 5C6 63 275 20 513 62 5fc9 304 575 77 232 40 6l 5 72 16 67 11 12 79 19 72 29 43 c 23 5 IC 167 7 12 % 13 212 19 __ 56 63 "" "* -.—— — *"" —— 3 ~"* "* —~ 519 51 1,796 160 1,978 14 10 44 6 61. 23 44 75 3 117 "" — —— - "" — —— i 356 1,613 356 546 Ut' $65 1,146 259 132 263 26.I 901 !5,l66, 1,34c t,C76 1,341 2,063 1,375 4,316 261 432 286 9C3 976 2C5 496 IC'i 992 2C8 963 2C6 3,393 710 2,026 6,365 1, 442 731 1,463 l , 450 5,0C4 6,6&7i 37,149j 1,977 236 i 6,964 236 1,976 3,043 1,633 36); 2,704 37,387 1,977 9.202 1,976 3,043 2,704 2,026 6 °£c- 1,442 731 1,463 1,450 5.CC4 36,263; 1,967 9,51C 1,965 3,055 2,76C 2,041 6 C77 1, 4 t l 775 1 , 536 1,^53 5,121 7,139! 1021 624, 493 3 32 I , 323 8 154 466 3 33 521 6 52 524 1,1C4 21 96 323 23 2C6 4 13 437 6 26 374 11 29 71c It 36 630 19 35 3 , 4SC 14,667 3,369 4,950 4 , 445 3,622 ic,362 2,434 1, 33C 2 , CcE 2,467 6,016 5,274- I agreements | securities securities Cash i t e m s i n p r o c e s s of collection Bank p r e m i s e s Cther a s s e t s TOTAL ASSETS f\ 756 69 6J7 261 61,962 1 U 1,273 J O , ,' 1 1 6 STATEMENT OF COMMTICN OF EACE FELERAL RESERVE BANK ON FEBRUARY 3, l^Cj H. 4.1(c) ' "" " ' Total Boston New York Philadelphia Cleveland Richmond L I A B I L I T I E S F e d e r a l Reserve n o t e s Eeposits: Member "bank r e s e r v e s U . S . T r e a s u r e r - g e n e r a l acicount Foreign Other Total deposits r e f e r r e d a v a i l a b i l i t y cash Items Other l i a b i l i t i e s and a c c nled dividends TOTAL LIABILITIES CAPITAL ACCOggTS Capital paid in Surplus Other c a p i t a l accounts TOTAL LIABILITIES M I CAPITAL ACCOUNTS Contingent l i a b i l i t y on acel e p t ances purchased f o r f o r e i-gn correspondents 1 A t l a n t a Chicago j S t . Louis 1 ( I n m i l l i o n s of d o l l a r s ) Minneapclis _ Kansas City Lallas oan Francisco 3^,649 2,057 8,073 2,036 2,96C 2,971 2,012 6,265 1,364 624 1,328 1,069 3,&70 18,404 785 786 138' 211. 19,778 °l 834 103 7 6 950 927 65 8 1 1,001 428 58 3 1 621 64 6 2 490 1 1,019 944 4ci 429 504 259 175 893 306 3,089 137 17 67 3,310 450 2,794 116 18 3 2,931 901 6€6 57 4 1 728 5,742 1,256 82 12 1 1,353 476 947 63 c 1 657 5,069 157 1/42 126 5,394 298 597 648 60,817 *1 3,395 17c 14,581 35 3,324 5^ 4,846 35 4,385 2£_ 35 2,421 2,558 66 7,863 528 524 113 25 25 5 i4o 137 29 29 47 47 10 26 26 8 61,962 3,450 1 122, 6_. 2kML. -JhL. 7 1 852 29 7 ,3>3SSL._ J b ^ 5 0 _ JuMi- I_ ii_ 6_ 37 _ _ ^ 5 _ 23 3,554 10,192 2,394 31 31 6 76 75 19 3,622 .10,362, I_ 17 18 18 4 2,434 4_ li_ l , 304 12 12 2 l.nc i_ 23 23 4 31 31 4 70 70 15 2,6C8 2,48^ 8,018 6_ L_ 16 FEIERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government s e c u r i t i e s Total collateral 36,7^8 j 2,1^5 8,64c 2,110 3A9C 3,090 2,168 6,642 1,1*61 643 1,379 1,149 4,131 6,5671 420 l9l __ 3 l , 5 0 5 | 1,-765 1,710 ._ 7,200 435 53c 2,610 34c -1,900 1,100 -5,700 28c 17 1,260 112 225 lfic 735 1,800 500 -2,775 545 1,200 1,050 3,700 ?,185 8,910 2,237 3,275 3,14C 2,240 6,800 1,557 657 1,425 1,230 4,435 38,091 2 1/ After deducting $96 million participations of other Federal Reserve Banks. 2/ After deducting $90 million participations of other Federal Reserve Banks.
@FedFRASER