The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release January 28, 1965 The average of daily figures of total member bank reserves held during the week ended January 27 decreased $173 million to $21;266 million. Estimated currency and coin of member banks decreased $hh million and their reserve balances at the Federal Reserve Banks decreased $129 million. Estimated required reserves decreased $42 million; and estimated excess reserves decreased $131 million to $258 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $55 million, compared with the revised figure of $112 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $^08 million in Federal Reserve float, $7^ million in member bank "borrowings, and $69 million in U. S. Government securities bought outright. The principal offsetting changes were an increase of $49 million in U. S. Government securities held under repurchase agreements and a decrease of $283 million in currency in circulation. Total Reserve Bank credit decreased $48l million* As of Wednesday, January 27, holdings of U. S. Government securities bought outright were $146 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $292 million higher, and member bank borrowings were $148 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities — Bought outright--System account Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Discounts and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F- R- Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F.R. accounts (net) Averages of daily figures Week ended Change from week ended Wednesday, Jan. 27, Jan. 20, Jan. 29, Jan. 27, 1965 1964 1965 1965 (in millions of dollars) 36,334 106 56 42 203 49 l,84i 38,631 15,187 5,387 59,2C6 38,644 657 997 151 213 877 41,538 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 17,668 3,598 21,266 21,008 258 -69 + 49 - -. + 17 - 74 + 4 •408 T6l -- - 6 "^sT 36,405 +3,595 + 106 + 318 11 42 57 63 + 26 + 17 + 77 +3,851 - 325 - 195 +3,333 189 45 -283 - 5 - 18 - 27 + 1 - 25 ^358 +2,280 + 247 + 128 + 10 + 5 - 164 +2.50$ -129 - 44 -173 - 42 -131 + 828 + 238 +1,066 +1,181 - 115 1,534 38,611 15,188 5,391 59,190 38,6C0 676 I 907 133 194 860 41,370 17,820 3,953 21,773 21,088 | m On January 27, I965, U. S, Government securities held in custody by the Federal Reserve Banks for foreign account were $8,188 million, an increase of $1 million for the week and a decrease of $607 million from the comparable date a year ago. H A . 1(a) I CCNSOLirATED STATEfffifft OF CONDITION OF THE TWELVE FEDEMi RESERVE BANKS (in millions of dollars) *n.*n* ASSETS Gold c e r t i f i c a t e account Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S- Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES Change since _ Jan. 20, Jan. 29> 1965 1964 Jan. 27, 196S 13,317 1,55^ ih] &J1 (908) 179 2?>k -2 9 + 1 + V& 5 63 5,9*6 — 25,188 5.274 36,405 3l8 35,723 37.077 (l.4l3) 5.852 102 8lo (2,32l) 5B7897 (908) 33.747 17,820 907 133 ( -) 194 ( - - ) 19.05^ (l,4l3) 4,318 635 (2,321) W/ffi * - - 7 + + 3 3 502 ^2 360 131 99 1 1 + 9 &? + 1^6 -— — + 146 + 292 + 438 + 620 -1.031 1 + 67 - 353 +2,662 ~7,066 +7.459 + 629 +3.684 + 3lG +^"002 +3.957 + 549 2 + 223 +4,236 - 210 +2.565 + 705 - 191 44 ^ 13 + 457 +1,124 + 60 + 3 3 +1,184 - 63O + 2 - 3^1 + 362 + 55^ +h,65$ CAPITAL ACCOUNTS Capital paid in 528 4 + 27 Surplus 524 -- 466 Other capital accounts 91 + 24 + JLO TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,321) 58,897 - 353 +57236 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 27.7-; .l£ - 2.8£ Contingent liability en acceptances purchased fgE__fpreign correspondents 123 -+ 3 1 * 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 AMD SECURITIES, JANUARY 27. 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 advances Acceptances Holdings during week Within 15 days 187 76 +3^0 l>°o 16 days to 90 days k'J kk + 80 91 days to 1 year l6,k69 + 18 Over 1 year to 5 years 13,506 Over 5 years to 10 years -1,797 Orer 10 years ~~ 295 T^tal 235 120 3^77^3 -^38 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 27, I965 H.4.1(b) Total Boston I New York Philadelphia Cleveland Richmond Atlanta Chicago j St. Louis Minneapolis San Kansas Dallas j FranCity j cisco (In millions of dollars J ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash 1 Discounts and advances 1 Acceptances: 1 Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes 1 Bonds ; I Total Held under repurchase agreements 13,317 1,554 15,871| 684 89 773 3,079 350 3,529 682 87 769 1,011 1,009 136 1,157 128 1,137 824 9081 1791 76 11 237 38 62 5 72 15 71 12 234J 8 85 15 r 13 57 63 — — — 1,448 320 496 1*08 327 6,136 1,285 8,869 318 1,355 284 1,959 2,102 440 3,038 1,731 362 2,501 730 300 28 2,496 550 63 603 93 17 74 28 5 72 95 2,211 285 6co 633 328 62 662 684 1,838 181 2,019 55 8 25 5 19 9 1*6 6 88 25 2 4 15 3 6 i i?i — 63 i 5,953 i 25,100 5,274 36,405 318 320 1,360 285 1,965 _5L — — — — — 1,022 224 117 223 223 815 1,386 290 2,003 5,330 907 6,259 951 199 1,374 498 104 719 942 197 1,362 942 197 1,362 3,455 724 4,994 -- — Total U. S. Government securities 36,723 li2& 9,187 1,959 3,038 2,501 2,003 6,259 1,375 719 1,362 1.362 4,994 Total loans and securities 37,077 1,973 9,392 1,975 3,044 2,514 2,CC8 6,331 1,376 723 1,377 1,365 5, CCO 1,363 8 204 557 3 44 536 6 71 550 5 46 619 19 46 1,146 21 124 342 6 29 223 4 18 461 6 ^7 382 11 j 6l,218 3,365 15,671 3,315 4,891 5,325 3,626 10,220 2,4C9 1,326 2,571 2,534 Cash items in process of collection Bank premises Other assets TOTAL ASSETS _ 7,265 102 816 i 489 3 ko 4o 707 IC 111— 7,966 H-A.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CN JANUARY 27, 19&5 Total .Boston LIABILITIES 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 3M55 2,056 17,820 907 133 194 19,054 728 49 6 New York Minne- Kansas Dallas apolis City San Francisco 2,040 2,965 2,967 2,019 6,260 1,384 625 1,322 1,072 3,862 4,827 148 1/37 128 5,140 744 55 7 1 807 1,231 70 12 610 69 4 1 684 424 48 3 896 279 308 976 72 8 1 1,057 306 3,092 133 17 52 3,294 455 475 185 789 66 6 3 864 369 93T 53 8 1 999 505 2,680 106 18 1 2,805 981 782 38 7 6 833 434 31 167 3,311 14,371 35 3,251 56 4,789 33 4,267 36 93 3,559 10,054 22 2,369 15 1,300 27 2,521 34 2,469 86 7,814 140 137 23. 29 29 47 47 8 18 18 4 12 12 2 23 23 4 31 31 70 70 12 i 61,218! 3,365 14,671 3,314 4t891 2,409 1,326 2,571 2,534 7,966 2/32 7 11 7 17 5,731 . 635 60,075 •* 783 44l 8,083 Phila- Cleve- ! Rich- Atlanta Chicago j St. Louis delphia land I mond (In millions of dollars) * 1,313 * 572 CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orre spondent s 528 524 91 25 25 4 123' 5._. 26 31 26 31 6 _._ 5 4,325 76 75 1.5 . 3,626 10,220 7 17 3 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral 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 36,886! 2,153 8,666 2,118 3,203 3,098 2,182 6,662 1,468 645 1,386 1,157 4,148 6,727! 420 12, 31,329i 1,765 38,068' 2,185 1,710 435 12 1,800 2,247 5C0 690 340 1,100 280 112 225 180 735 2,775 3,275 2,434 3,124 1,900 2,240 5,700 6,800 1,260 545 1,200 1.050 3.700 1,540 657 1,425 1,230 4,435 7,200 8,910 1/ After deducting $ 96 million participations of other Federal Reserve Banks, 2/ After deducting $ 91 million participations of other Federal Reserve Banks. * Less than $5C0,C0C
@FedFRASER