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••<s>£g&U FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks p 0 r immediate release January 7> 1965 The average of daily figures of total member bank reserves held during the week ended January 6 increased $244 million to $22,237 million. Estimated currency and coin of member banks increased $69 million and their reserve balances at the Federal Reserve Banks increased $175 million. Estimated required reserves increased $352 million; and estimated excess reserves decreased $108 million to $444 million. Excess reserves exceeded member bank borrowings at the Federal- Reserve Eanks by $135 million, compared with the revised figure of $48 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $177 million in U. S. Government securities held under repurchase agreements and $32 million in acceptances held under repurchase agreements, and decreases of $327 million in currency in circulation and $316 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $262 million in Federal Reserve float, $195 million in member bank borrowings, and $55 million in U. S. Government securities bought outright, and increases of $106 million in "other" deposits with Federal Reserve Banks, $36 million in Treasury cash holdings, and $30 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $298 million. As of Wednesday, January 6, holdings of U. S. Government securities bought outright were $21 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $248 million higher, and member bank borrowings were $20 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 AcceptancesBought outright Held under repurchase agreements Discounts and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daij^ ?gures 3k ended Wednesday, Week ended Change from Jan. 6, Jan. 8, Dec. 30, Jan. 6, 1965 1964 1964 1965 (In millions of dollars) 36,515 543 - 55 +177 +2,984 + 376 58 34 + 5 + 32 • 13 46 56 33 309 31 2,622 40,111 15,388 5,4c6 -195 - 55 So79o5 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) 39,525 656 674 228 283 1,026 42,392 18,513 3,724 22,237 21,793 444 36,527 505 -- 1 307 30 -262 ^298 + 9 -288 + 161 +37^05 - 125 - 176 +3,105 1 2,304 39,762 11 15,388 , 5,409 60,559 -327 + 36 -316 + 7 +106 + 30 -4"64 +2,219 + 25^ - 292 + 60 + 78 44 +2,276 | 39,^28 +175 + 69 +244 +352 -108 + 828 + 240 +1,068 +1,087 19 18,5^3 3,967 22,510 21,652 -- 1 656 ! ^92 229 201 1,010 42,016 858 Cn January 6, 1965, U. S. Government securities held in custody by the Federal Reserve Eaiiks for foreign account were $8,471' million, a decrease of $44 million for the week and a decrease of $171 million from the comparable date a year ago. H.^.l(a) CONSOLIDATED STATEMENT OF CONDITION OF TfiE TWELVEJFEDERAL RESERVE BANKS (in millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U» S* Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve note is Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 9. it* l i t It A C C O U N T S Jan * 6, 1965 Change since Jan. 8, £ec. 36> 1964 1964 — - 304 + 146 - 158 13,505 1,570 15,075 (74o) 146 337 + 15 - 20 + 83 12 56 33 + 23 • • 15 4i 6,065 + 21 25,188 5,27^ 36752? 505 37,032 37,458 +~21 +248 +259 +272 +137 - 1 - 29 +2,164 -7,066 +7,^59 + 629 +3,186 + 353 +3,539 +3,^95 +l9"4~ + 927 2 + 170 +4,349 -323 +2,552 18,5^3 492 229 201 19,465 +717 -262 + 1 + 13 +1,648 - 590 + 58 - 13 +1,103 U A 9 3 ) 4,850 639 (2,233) 59,462 +335 +509 +990 (1,^93) 7,15^ 102 596 (2,233) 60,531 (7*K>) 3^,508 +w + 579 + 555 +4,789 524 + 27 Capital paid in ~ -466 524 Surplus - 466 Other capital accounts 21 -130 1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,233) 60,531 +394" +T^W Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 27.6$ -.1$ - 2.3$ Contingent liability on acceptances purchased for foreign correspondents 123 -+ 3 5 * Figures in parentheses are the eliminations made in the consolidating process; gee comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 6, 1965 (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 306 Within 15 days 306 ^5 1,361 +225 1,361 ^5 16 days to 90 days kk hk 3.567 + kk 31 3,567 ~— 16,506 91 days to 1 year -13,506 Over 1 year to 5 years LTS -Over 5 years to 10 years 1,797 -Over 10 years 295 " Total 337 59 37,032 +2^9 H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CN JANUARY 6, 1965 Total Boston New York 13,505! 1,570; 738 90 828 3,48l 355 3,836 53 9 194 ee 67 Phila- Cleve- RichSt. delphia land mend Atlanta Chicago Louis "(In millions of dollars) Minne- Kansas apolis City Dallas San Francisco ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R* notes of ether 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 15,075 74o! 146 3371 25 683 769 986 138 1,124 933 133 1,066 745 95 840 53 4 51 11 59 77 12 14 2,261 287 560 283 28 311 56l 62 505 51 2,5^8 63 623 623 556 68 27 34 6 29 5 16 7 36 16 25 81 44 4 1,769 182 1,951 70 22 14 56 33 33' 319 1,444 335 521 438 330 1,053 228 121 237 24c 799 25,1881 1,325 5,2741 277 1,392 291 2,018 2,163 453 3,137 1,818 381 2,637 1,372 287 1,989 4,373 916 6,342 948 199 1,375 504 106 36,527^ 1,921 5051j " •" ' 5,994 1,255 8,693 505 731 984 2C6 1,427 998 209 1,447 3,317 694 4,810 Total U. S> Government securities 37,032j 1,921 9,198 2,018 3,137 2,637. 1,989 6,3*2 1,375 731 1,427 1,447 4,81c Total loans and securities 37,458j 1,989 9,354 2,026 3,142 2,681 1,993 6,423 1,378 747 1,452 1,449 4,824 564 3 581 6 53 587 5 36 1,319 22 91 274 4 22 12 560 6 28 501 11 29 984 596 459 3 33 407 6 30 1,687 8 150 724 102 62,764 3,476 15,254 3,347 4,968 4,446 3,699 10,498 2,476 1,382 2,692 2,586 7,940 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 6,065j 8,647 18 33 10 H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 6, 1965 J Total |Boston 1 New York [ 35,21*8 2,080 8,219 2,070 3,coc 3,005 2,073 6,370 1,407 631 | 18,543 492 ! 229 ! _ 201 j 19,^65 766 33 10 752 41 11 1 805 1,251 50 19 * 1,320 83I 43 10 6 890 928 31 11 1 971 2,792 39 29 l 2,861 657 35 7 1 700 445 43 5 809 5,299 84 1/19 126 5,588 : 6,343 506 998 378 496 463 555 1,020 170 3Q .. £32.[ * 61,695 3,^5 1^,975 35 3,288 56 4,872 3^ 4,392 29 29 1 47 47 2 26 26 2 3,347 4,968 11 6 1 Fhila- Cleve-j Rich- Atlanta Chicago St. Idelphia land j mond Louis —, Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orre spondent s F. R. notes outstanding Collateral for P. E. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 524 524 21 | * 25 25 1 137 137 5 62,764 ,.3Jil6_ J ^ 2 5 J L _ ] 123 ' 1,3^6 1,086 3,961 2,962 15 27 60 3,064 310 493 218 855 1,005 29 49 12 9 1 4 917 1,047 356 355 94 37 3,636 10,345 22 2,439 15 1,357 27 35 2,645 2,524 84 7,797 75 75 3 18 18 1 12 12 1 4,446 „3,699 .10,498 2,476 31 31 1 1,382,,. 70 70 3 2,692 2,566 7,940 7 17 1,401 1,167 4,196 180 735 3 6,716 1,484 651 340 1,100 112 225 2,535 1,900 5,7CO 280 2 1,260 5^5 1,200 3,150 2,240 6,8co 1,542 657 1,425 2/33 T j 37A82 I2,168 j j 6,687 420 8 j 31,430 1,765 j 38,125 2,185 8,729 2,135 3,219 3,120 2,196 1,730 500 615 7,2C0 450 6 1,800 2,775 8,930 2,256 3,275 17 7 FEDERAL RESERVE AGEIff'S ACCOUNTS * Less than $500,000. 688 31 31 23 23 l 4 6 1/ After deducting $150 million participations of other Federal Reserve Banks, 2/ After deducting $ 90 million participations of other Federal Reserve Banks. San Francisco (in millions of dollars) 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 CAPPTAL ACCOUNTS Minne- Kansas apolis City Dallas 5 _3,7QQ 1,230 4,435
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