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FEDERAL v ?f^fp^- H.4.1'" RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release January 21, 1965 The average of daily figures of total member bank reserves held during the week ended January 20 decreased $432 million to $21,413 million. Estimated currency and coin of member banks decreased $55 million and their reserve balances at the Federal Reserve Banks decreased $377 million. Estimated required reserves decreased $185 million; and estimated excess reserves decreased $247 million to $342 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $65 million, compared with the revised figure of $165 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $244 million in U. S. Government securities held under repurchase agreements, $147 million in member bank borrowings, $143 million in gold stock, and $112 million in U. S. Government securities bought outright, and an increase of $235 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $100 million in Federal Reserve float, and decreases of $355 million in currency in circulation and $68 million in "other" F. R. accounts (net). Total Reserve Eank credit decreased $410 million. As of bought outright securities held borrowings were Wednesday, January 20, holdings of U. S. Government securities were $223 million lowef than a week earlier, U. S. Government under repurchase agreements were $16 million lower, and member bank $106 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) Averages of daily figures Week ended Change from week ended Wednesday, Jan. 20, Jan. 13, Jan. 22, Jan. 20, 1964 1965 1965 1965 "(in millions of dollars7 36,403 57 -112 -244 56 25 + i - 17 • - 277 45 2,249 39,112 15,187 5,393 59,693 -147 + 9 +100 "^4To -143 - 1 ^ ^ + + 38,927 662 1,015 178 212 902 41,896 -355 + 13 +235 17,797 _3z616 21,513 21,071 342 -377 - 8 + 7 - 68 -177 - 55 ^4~32" -185 -247 +3,^59 + 57 36,259 26 15 20 56 30 113 11 - 326 - 193 +2,971 41 45 1,935 3^7392 15,188 _5,394 5B79T4 +2,237 + 246 29 + 30 4 - 157 +2,324" 38,817 664 1,098 177 207 896 ¥17859 648 302 950 897 53 17,115 _3,948 21^053 21,I96 - 133 - 116 +T74~B9 + + + + + On January 20, I965, U. S. Government securities held in custody by the Federal Reserve £anks for foreign account were $8,187 million, a decrease of $291 million for the week and a decrease of $456 million from the comparable date a year ago. H.k.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millioks of dollars) A S S E T S Gold certificate account Redemption fund for P. R; notes Total gold certificate reserves Cash ' Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. G6vernment securities: Bought outright-- Jan. 20, 1965 13,317 1>563 JA^PBv (880) 178 86 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank r e s e r v e s U. S- T r e a s u r e r - - g e n e r a l account Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued d i v i d e n d s TOTAL LIABILITIES C A P I T A L Capital paid in Surplus J a n . 22, 196k + 13 - 1 + 12 + - kRi 1^5 3^ + 17 -106 - ic-8 262 5^ 30 - 15 5,191 -223 25,188 5,27^ 36,259 26 35,285 36,^57 (1,621) 6,883 103 7^9 (2,50l) 59,250 +2,5^1 -7.C66 +7,^59 + 629 -223 - l6 -239 -360 +87 + 1 - 8 -251 +3,563 + 26 +3,5^9 +3,317 + 683 1 + 278 +3,827 (880) 33,957 -310 +2,556 17,115 1,098 177 (**) 207 (**) 18,597 + 27 +119 - 37 + 1 +110 + + + - - 68 - 6 -27^ + 496 + 55I1 +^,263 Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Jan. 13; 1965 (1,621) ^,9^8 633 ( 2 , 5 0 1 ) 5^,135 ACCOUNTS ~ 524 524 13 3 4- 568 62 30 3 657 2S + - k66 5 + +3 ,827 Other capital accounts 67 + 23 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,5Cl) 5°, 250 -251 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 27-8$ - 2.6$ Contingent liability on acceptances purchased for foreign correspondents 123 - 1 + 31 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. MATURITY "DISTRIBUTION OF L0ANS~AND SECURITIES, JANUARY 20, 1 9 ^ (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advance >s ko to k6 k6 -- -- Within 15 days 16 days t o 90 days 91 days t o 1 y e a r Over 1 y e a r t o 5 y e a r s Over 5 y e a r s t o 10 y e axsr s Over 10 y e a r s -- Acceptances , Tl5 2|5~ hi kl -- --— -~ U. S. Government securities Changes Holdings during week 1,0*3 1,083 3,153 3,153 16,451 16,451 13^06 1,797 295 4-130 -262 -107 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 20, I965 H.4. 1(b) New York Phila- Cleve- Rich- Atlanta Chicago St. Louis delphia land mond « (In millions3 of dollars) Total Boston 13,317 1,563 14,880 621 90 711 3,320 352 3,672 69c 87 777 1,060 137 1,197 880 178 69 11 226 38 68 6 Discounts and advances 36 Acceptances: Bought outright 56 Held under repurchase agreements 30 U. S. Government securities: Bought outright— Bills 5,797 -Certificates 25,168 1 Notes 1 Bonds 5,274 Total 36,259 Held under repurchase agreements 26 3 16 -— 310 Minneapolis Kansas Dallas City SaxT " Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash — 1,3^ 283 1,941 949 130 2,543 523 63 586 272 29 301 612 62 674 5C9 51 56C 1,926 86 17 79 29 39 7 24 5 19 9 44 6 87 24 6 4 13 3 5 6 3 16 — -- _-~ --- -- -~ -- -- --» -- -- -«. 315 486 4i6 309 975 220 120 232 231 784 -- -- -- -- ..- _- -- --. __ 6,077 1,272 8,748 26 1,369 287 1,971 2,110 1,807 i,34o 4,238 l, cc6 3,4c8 379 280 887 3,038 2,602 1,929 6,100 1,375 523 109 752 1,007 442 955 2C0 -- -- -- -- -- 1,079 759 95 854 68 14 71 12 5 6 56 30 -— 1,399 — — — 2,257 286 — 1,745 181 21c 211 714 1,449 1,448 4,906 __ -- — Total U. S» Government securities 36,285 1,9^1 8,77^ 1,971 3,038 2,6C2 1,929 6,ico 1,375 752 1,449 1,448 4,906 Total loans and securities 36,457 1,944 8,876 1,976 3,C44 2,6c8 1,933 6,113 1,378 757 1,455 1,451 4,922 8,504 103 749 566 3 36 1,655 8 189 488 3 4i 603 6 66 662 5 45 789 19 42 1,315 22 113 391 6 27 252 4 17 521 6 3^ 4i8 11 38 844 10 101 3,34o 14,664 3,359 4,998 4,482 3,740 10,214 2,434 1,360 2,718 2,528 7,914 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 6l,75l E.4.1(c) STATEMENT OF CONDITION OF EACH FEIERAL RESERVE BANK ON JANUARY 20, 1965 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1,332 1,076 3,886 418 60 4 843 96 8 702 482 950 958 75 10 1 1,044 2,911 138 23 61 3,133 1,052 280 210 359 309 662 36 3,675 93 10,053 22 2,395 15 1,335 28 2,669 35 2,464 84 7,765 31 31 3 75 75 11 18 18 3 12 12 1 23 23 3 31 31 2 70 70 9 3,740 10,214 2,434 1,360 2,718 2,528 7,914 17 4 6 7 17 St. Louis 8,115 2,058 2,979 2,979 2,034 6,297 1,391 628 703 86 10 1 800 1,229 88 15 1 1,333 797 84 6 896 952 66 10 3 1,031 2,479 105 24 3 2,611 635 61 6 663 4,588 166 1/51 127 4,932 512 1,161 404 530 516 574 30 165 3,287 14,373 35 3,297 56 4,898 34 4,425 34,837 2,062 17,115 1,098 177 207 18,597 602 73 8 6,569 633 60,636 San Francisco Cleve- Rich- Atlanta Chicago mond land (In millions of dollars) 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 Kansas Dallas City Philadelphia Total Boston * 7 Minneapolis -* CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 524 524 67 25 25 3 137 137 17 29 29 4 47 47 6 26 26 5 61,751 3,3^0 14,664 3,359 4,998 4,482 123 6 2/32 7 11 6 7 2_ FEDERAL RESERVE AGEHT'S ACCOUNTS F. R. notes outstanding C o l l a t e r a l for F. R. n o t e s : Gold c e r t i f i c a t e account E l i g i b l e paper U. S. Government s e c u r i t i e s Total c o l l a t e r a l "87665 27120 372C^~17l55 2^91 £J3T9 i7W5 5?8 1,393 1,161 £7i63 1,710 435 500 697 3^0 1,100 280 112 225 180 735 7,200 1,8C0 2,775 2,427 1,900 5,700 1,260 545 1,200 1,050 "3,700,. 8,910 2,238 3,275 3A24 2,2k) 6,800 l,5ifl 657 1,425 1,230 4,435 l / After deducting $126 m i l l i o n p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / After deducting $ 91 m i l l i o n p a r t i c i p a t i o n s of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER