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&^&>. ^* H^.i^f* FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release January 27, 1966 The average of daily figures of total member bank reserves held during the week ended January 26 increased a net of $12 million to $22,^72 million. Estimated currency and coin of member banks decreased $lk million and their reserve balances at the Federal Reserve Banks increased $26 million. Estimated required reserves decreased $109 million; and estimated excess reserves increased $121 million to $318 million- Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $34 million; compared with net borrowed reserves of $21 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $13^ million in member bank borrowings; and $35 million in acceptances held under repurchase agreements, and a decrease of $381 million in currency in circulation. The principal offsetting changes were decreases of $356 million in Federal Reserve float and $123 million in U. S. Government securities bought outright, and an increase of $38 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $3-12 million. As of Wednesday, January 26, holdings of U. S. Government securities bought outright were $116 million higher than a week earlier and mem^r bank borrowings were $865 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright "System account Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and advancesMember 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. 26, Jan. 19, Jan. 27, Jan. 26, 1966 1966 1966 (In millions of dollars) 40,210 -- -123 -- +3,876 - 1-56 7^ 72 - 1 + 35 + + 352 22 2,085 42,8l6 13,733 5,615 62,164 +13^ - 2 -356 -312 -+ 6 -307 41,237 839 746 144 231 481 43,678 18,485 3.987 22,472 22,154 318 4o,036 -- 18 30 73 73 + 149 27 + 244 +4,185 -1,454 + 228 +2,958 912 20 J.,618 42,732 13,734 5,635 62,101 -381 + 12 + 38 + 8 - 11 + 2 -333 +2,593 + 182 - 251 7 + 18 - 396 +2,140 41,188 840 740 134 236 + 26 - 14 + IS -109 +121 + 817 + 106 +1,213 +1,236 23 18,488 4,339 22,827 22,210 617 ^15 43,613 On January 26, 1966, U. S. Government securities held in custody by the federal Reserve Banks for foreign account were $8,020 million, an increase of $100 million for hhe v<?ek a^yi.a decrease of $168 mi 11 ion from hhe comparable date Digitized fortroes FRASER v» o nv-\ H.lj-.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Jan. 26, 1966 11,681 1,7^0 13,^21 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets i/ TOTAL ASSETS (1,153) 167 932 •*• 16 + 865 73 73 " ^5 8,658 + 116 +2,715 2^,828 6,550 ^-0,036 " U0.036 — ZZ + ll6 " + 116 +1,026 - 360 +1*276 +3,631 3l8 +3.313 +4,037 -1,171 + 559 •+ 1 z il hi, n 4 (1,591) L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other -=/ Total deposits 6,4n 103 799 (2,7^0 62.015 _ 26 Z. 112 (1,153) 3^,2+7 30U 18,U88 +1,095 - 114 13+ 236 19.598 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L ACCOUNTS, Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Change since Jan. 19, Jan. 27, 1966 1965 - 21 -1,636 i 12 + 186 " 9 -1,^50 (1,591) ^>793 168 (2,7^0 60,806 (2,7^0 "62.015 + + l6 10 +3.118 +2,500 _____1 + 980 + + + + ~ 820 k_ - iko + ij-75 - k6l +3,052 555 551 103 ~ 12 -* 698 3 + -25 " 112 668 167 l 1+2 5^ + + + 27 27 12 -*3,ll8 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 35-9$ -2$ + 7-0$ Contingent liability on acceptances purchased for foreign correspondents 136 2 + 1 3 * Figures in parentheses are the eliminations made in the consolidating process; , see comparable figures on combined basis On the following pages. -=/Includes assets denominated in foreign currencies and IMF gold deposited. ^/Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 26, 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 advanceJS 908 2k Within 15 days l6 days to 90 days 91 days to 1 year Over 1 year to 5 years irs Over 5 years to 10 years Over 10 years Total — — 932 Acceptances 90 56 -~ ~— lk6 U. S. Government securities Changes Holdings during week 1,230 + 73 4- 20 5,820 17,086 + 23 — Ik,066 -1,^9 _ ._ ^85 40,036 +116 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 26, 1966 Hvl-l(b) Total Boston New York Philadelphia Rich- Atlanta Chicago mond (In millions of dollars) Cleveland St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total cold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreements 11,681 1.740 13.421 744 99 843 2,782 415 3,197 686 93 779 939 147 1,086 983 148 1.131 596 98 694 2,081 ^17 2.398 1.153 167 90 12 252 24 91 6 93 15 112 14 116 17 932 42 301 3 29 72 73 73 474 439 230 ^2 262 67 54l 361 57 418 1,430 203 1,633 105 23 52 10 36 5 36 11 64 8 106 22 38 290 25 2 46 15 69 495 1,442 331 180 339 356 1.183 514 l?6 1,022 270 1,648 3,394 8Q5 5,472 375 64 73 73 449 2,c84 452 734 613 24,828 1,286 6.550 339 40,036 2,074 5.977 1,577 9.638 1,297 342 2,091 2,107 556 3.397 1.756 463 2,832 1.419 4,135 949 375 . 1..091.... 2.50 6,668 2,289 1.530 830 972 256 1,567 Total U. S. Government securities 40,036 2,074 9.638 2,091 3,397 2,832 2,289 6,668 1,530 830 1,567 1,648 5,472 Total loans and securities 4l,ll4 2,116 10,085 2,094 3.426 2,9c4 2,327 6.958 1.555 832 1.633 1,663 5,541 8,002 103 799 498 3 38 1,471 9 229 476 3 40 546 5 67 608 5 46 708 20 44 1.283 21 116 4o8 7 28 246 3 18 503 7 422 10 833 10 102 64,759 3.6C0 15.267 3.489 5.238 4,820 3,926 10,9C4 2.499 1,402 2,744 2,623 8,247 Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 8,658 1/ Includes assets denominated in foreign currencies and IMF gold deposited. STATEMENT CF CCNDITICN CF EACH FEEERAL RESERVE BANK ON JANUARY 26, 1966 H.4.1(c) Total Boston New York Philadelphia Cleveland RichAtlanta Chicago mend St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) 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 37,400 2,233 8,489 2,206 3.194 3,357 2,189 6,794 1,426 695 i,4o4 1.177 4,236 18,488 74o 134 236 19.598 783 43 6 765 37 7 1 810 1.386 59 11 1 1.457 845 58 6 6 915 1,022 66 8 1 1.097 2,786 80 18 1 2,885 642 50 4 1 697 433 32 3 832 4,992 109 1/42 165 5.308 468 846 56 6 l 909 973 54 7 1 1.035 3,015 96 16 58 3.185 6.384 467 1,112 401 465 472 560 1,021 328 207 372 336 643 168 63.550 9 3.541 42 14,951 7 3,424 14 5.130 12 4,756 9 3.855 28 10,728 6 2,457 4 1,374 6 2,691 7 2,555 24 8,088 555 551 103 27 27 5 145 144 27 30 30 5 50 50 8 28 28 8 33 33 5 80 79 17 19 19 4 13 13 2 25 24 4 32 ? 73 72 14 64,759 3,600 15,267 3,489 5,238 4,820 3,926 10,904 2,499 1,402 2,744 2,623 8,247 7, 2/36 7 12 •7 1 8 3 6 8 18 2, 350 9.071 2,316 19 5 FEDERAL RESERVE AGENT'S ACCOUNTS 7.294 2,4o8 3.560 3,466 1,518 734 1,497 1,279 4,613 44o 6,625 26 34,725 1.945 4l,376 2.385 1,000 500 1 1.900 2,401 127 225 180 735 625 752 1,300 1,130 1,310 4,300 * * CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 136 1 F. R. -notes outstanding Collateral for F. R. notes: Geld certificate account Eli gible paper U. S. Government securities Total collateral 40,106 , 8,200 9,200 600 853 550 1,100 2,950 3.550 2.765 3.618 1.900 2,450 6,4oo i/ After deducting $ 92 million participations of other Federal Reserve Banks, r 2J Includes IMF gold deposit. 2./ After deducting $100 million participations cf other Federal Reserve Banks. 7,500 315 25 1,310 1,650 1.525 3 * Less than $500,000. 5.035
@FedFRASER