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••:i>£Sg& FEDERAL RESERVE F x t o r s Affecting Bank Reserves and Condition Statement of F.R. Banks *. + For immediate release July 1, 1965 The average of daily figures of total member bank reserves held during the week ended June 30 decreased a net of $2C3 million to $21,856 million. Estimated currency and coin of member banks increased $67 million and their reserve balances at the Federal Reserve Banks decreased $270 million. Estimated required reserves decreased $132 million; and estimated excess reserves decreased $71 million to $3^2 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $lkk million, compared with the revised net borrowed figure of $170 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $359 million in Federal Reserve float, $97 million in member bank borrowings, and $65 million in gold stock*, and an increase of $33 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $95 million in Federal Reserve holdings of U. 3. Government securities, and decreases of $89 million in Treasury deposits with Federal Reserve Banks and $71 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $353 million. As of Wednesday, June 30, holdings of II. 3. Government securities bought outright were $218 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $45 million higher, and member bank borrowings were $566 million higher. Outright holdings of bills and bonds increased $26 million and $192 million, respectively. H.4.r Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: 1T- 3. Government securitiesBought outright--System account Eeld 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) w Averages of daily figures l^ek~en'ded Change from week ended Wednesday, June 30, July 1, June 23, June 30, 1965 1965 1965 19^5 millions of dollars) (in 38,750 130 l+l 13 586 l5 1,678 5l,102 15,227 5,5l3 60,752 39,509 701 ec3 162 i85 1,082 527521 + 55 + 51 + + 38,882 8 17 5l 12 265 l5 656 11 - i5o +k,152 1,359 51,159 13,935 5,513 60,5^6 1 6 - 97 + 1 -359 -353 - 65 + 5 ziaH + + - +3;917 + 112 19 3 89 33 1 71 ^m + + 218 -1,235 - 169 +2,737 +1,891 + 377 70 + 22 11 - 195 +2,015 39,688 779 672 i 179 l°8 762 52,278 Member bank reserves: 18,229 -270 18,221 With Federal Reserve Banks + 723 ! 3,958 + 288 Currency and coin (estimated) + 67 3,635 +1,Oil 22,177 -2C3 21,856 Total reserves held 21,603 +1,071 -132 Required reserves (estimated) 21,515 60 ^75 352 Excess reserves (estimated) - 71 On June 30, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,599 million, an increase of $313 million for the week and a decrease of $2*13 million from the comparable date a year ago. * decrease reflects payment of $259 million to the International Monetary Fund on June 30 for increase in United States quota. H. 4,1(a) CONSOLIDATED STATEMENT CF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements u S, Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities June 30, 1965 (537) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves TL S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 12,053 1,617 13,670 -349 - 1 -350 -1,694 + 179 -1,515 118 657 - 2 +564 - + 233 - , 41 12 7,761 25,737 5,384 4 + 26 — 20 7 44 +2,386 + + 825 673 39,100 39,810 +192 +218 + 45 +263 + 93 +3,977 +823 +4,159 6,041 -828 + 102 -- 1 767 (2,124) WJ508 +404 +~47 + 388 +3,075 (537) 34,907 +170 +2,4l4 18,229 672 179 198 +396 -103 + 41 + 31 + + 584 199 31 197278 +1^5 + 411 (1,587) 4,692 -498 - 13 + 24 + 352 + 343 +3,520 187882 218 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change si nee July 1, June 23> 1964 1965 (1,587) 443 (2,124) 59,320 C A P I T A L A C C O U N T S Capital paid in 541 Surplus 524 Other capital accounts 123 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,124) 6o7508" --- +37334- 64 5 + - 27 466 + 23 6 + Vf +3,075 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 38.6$ -l.lfo - 7.5* Contingent liability on acceptances purchased for foreign correspondents + 11 157 - 1 * Figures in parentheses are the elimiiaations made in the consolidating; process; see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 30., 1965 (Acceptances and securities held under repurchase agreements 1are classified as maturing -within 15 days in accordance with maximum maturity of the agreements.) U. S. Government; securities Changes Discounts and during week Acceptances Holdings advances Within 15 days 65O 24 1,183 - 30 16 days to 90 days 7 +108 29 7,749 91 days to 1 year 18,170 - 7 Over 1 year to 5 years 10,138 + 83 Over 5 years to 10 years + 86 1,489 Over 10 years + 23 371 Total 657 53 39,100 +263 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 30, I965 H. 4.1(b) Total Boston New York Philadelphia Cleveland Richmend Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) A S S E T S Gold certificate account 12,053 Redemption fund for P. R. notes L .1,617 Total gold certificate reserves 13,670 750 90 840 2,883 3,275 714 87 801 392 1,088 1,072 138 125 1,210 "" 1,213 601 2,214 298 94 695" 2,512" 411 183 434 61 472 31 214 64 4"9H~ 332 1,371 52 185 J84-- 1 7 5 5 S — F. R. notes of other Banks Other cash 537 118 38 7 162 22 25 4 38 9 47 7 56 11 50 25 22 7 19 5 13 5 25 5 42 11 Piscounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreements 657 11 287 28 22 13 24 150 1 41 42 22 16 41 12 — -- — — — — — — — -- — — — -- — — — -- --- 406 632 514 414 1,297 295 165 304 325 1,074 -- — — -- -- -- — — 977 204 548 115 828 ill 12 7,761 409 1,926 -- «... «... 25,737 1,356 5,384 38,882 284 2,049 6,390 1,337 9,653 2,032 3,166 218 _- 218 -- -- Total U. S. Government securities 39,100 2,049 9.671 2,032 Total loans and securities 39,810 2,060 10,211 7,628 529 3 38 1,407 102 767 62,632 3,515 15,282 Cash items in process of collection Bank premises Other assets TOTAL ASSETS — - . 8 197 -- 1,345 2,096 1,704 1,374 4,302 281 438 356 288 900 2,574 2,076 6,499 «.- -- -«. 3,166 2,574 2,076 6,499 1,476 828 1,522 1,626 5,381 2,c6o 3,188 2,587 2,100 6,649 1,477 869 1,564 1,648 5,397 477 3 573 5 43 602 20 44 1,312 21 113 368 6 28 238 3 17 481 6 4o 581 6 65 357 11 40 703 10 107 3,410 5,097 4,475 3,528 10,682 2,380 1,365 2,602 2,470 7,826 1,476 — — 1,076 3,562 211 225 745 1,522 1,626 5,381 1,007 — 35 . -- — H-4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OK JUNE 30, 1965 Total Boston New York Philadelphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas r San Francisco (In millions3 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 Cleveland 35,444 2,120 8,095 2,092 3,009 3,102 2,029 6,433 1,380 667 1,367 1,108 4,042 18,229 672 179 198 ; 19,278 765 47 8 783 24 9 1 817 1,378 41 14 2 1,435 730 83 8 3 824 895 32 10 1 938 2,795 76 23 1 2,895 569 82 5 3 659 4l4 40 4 1 459 758 46 7 2 909 820 5,390 108 1/61 ~123 5,682 6,279 496 1,074 413 510 464 467 1,115 285 202 351 2 977 294 2,843 36 21 59 2,959 22 118 3,458 14,969 24 3,346 38 4,992 24 4,414 3,459 10,509 66 16 2,340 10 1,338 19 2,550 23 27402 58 7,667 29 29 6 48 27 26 8 32 31 6 78 75 20 18 18 4 13 12 2 24 hi 10 5 32 31 5 72 70 17 i^5_28___10,_682_ 2^38q_ 1,365 2,602 2,470 14 22 8 9_ 9_ FEDERAL RESERVE AGENT'S ACCOUNTS 5_ 4 L 443 61,444 25 813" 5? 9 608 CAPITAL ACCOUNTS 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 F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 5M 524 123 26 25 6 142 137 62,632 3,515 15,282 _ 157 8 37,342 2,200 8,465 2,169 3,209 3,222 2,165 6,818 1,470 706 1,428 1,200 4,290 6,295 28 32,095 420 1,000 853 — 2,4io 4oo 400 — 1,850 1,100 — 5,900 295 1 1,260 225 180 735 7,700 500 — 2,775 122 1,805 465 27 1,800 595 1,250 1,050 3,700. 38,418 2,225 8,700 2,292 3,275 3,263 2,250 7,000 1,556 717 1,475 1,230 4,435 3± Z/kl 3,410 -h£&L _. Jt>h7l._ l/ After deducting $118 million" participations of other Federal Reserve Banks. 2/ After deducting $116 million participations of other Federal Reserve Banks. 23 7,826. 21 9_ * Less than $500,000-
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