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.*4PJ^&- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.T""* For immediate release July 15, 1965 The average of daily figures of total member bank reserves held during the week ended July l4 decreased a net of $130 million to $22,01+6 million. Estimated currency and coin of member banks increased $296 million and their reserve balances at the Federal Reserve Banks decreased $1+26 million. Estimated required reserves decreased $286 million; and estimated excess reserves increased $156 million to $5l6 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $101+ million, compared with the revised net "borrowed figure of $222 million the week "before. The principal changes reducing average reserve "balances with Federal Reserve Banks were a decrease of $63 million in U. S. Government securities, bought outright, and increases of $306 million in currency in circulation, $273 million in Treasury deposits with Federal Reserve Banks, and $1+8 million in "other" F.R. accounts (net). The principal offsetting changes were increases of $165 million in Federal Reserve float, $1+5 million in U. S. Government securities held under repurchase agreements, and $38 million in member bank borrowings. Total Reserve Bank credit increased $173 million. As of Wednesday, July lk, holdings of U. S. Government securities bought outright were $281+ million lower than a week earlier, U. S. Government securities held under repurchase agreements were $167 million lover, and member bank borrowings were $21+5 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 hold Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, J u l y Ik, July 15, July 7, July lk, 1965 1964 1965 1965 ^In millions of dollars} +3,957 + 309 38,766 301 6 27 38 8 + 160 + 3 + 96 +l+,i+92 -1,529 - 157 +2,806* 212 1,903 1+1,228 13,93^ 5,1+07 60,569 1+0,201 762 81+2 li+6 196 829 1+2,977 +2,102 + 337 - 1+3 + 23 8 - 391+ +2,019 1+0,196 766 i 920 156 203 728 1+2,969 18,1+91 3,55.5 22,01+6 21,530 516 + 788 + 264 +i,052 +1,108 56 17,6co 3,996 21,596 21,1+96 IOC 38,987 583 1+0 12 620 3 1,883 1+2,128 13,931+ - 63 + 1+5 - 1 2 + 38 - 9 +165 +173 • On J u l y lk, 1965, U. S. Government s e c u r i t i e s h e l d i n custody by t h e F e d e r a l Reserve Banks f o r f o r e i g n account were $7*353 m i l l i o n , a d e c r e a s e of $2*4- m i l l i o n for t h e -week and a d e c r e a s e of $752 m i l l i o n from t h e comparable d a t e a year ago. H.4<l(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE EANKS (in millions of dollars) July l4, 1965 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S- Treasurer-- general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 12,038 1,624 13,662 (515) 108 212 Change since July 7, July 15, 1964 1965 + 10 6 4 + - 5 253 -1,686 + 167 -1,519 - 16 + 86 38 8 3 4 6 9 7,645 • 284 +2,358 -- --— + 825 25,737 5,384 + 673 +3,856 3B7765 2?a - 39,067 r_ ^ 1 +3,861 39,325 - 711 +3,932 (1,662) +1,227 (2,177) 8 509 + 390 1 + 293 +3,079 (515) 35,391 24 +2,589 17,600 920 156 203 408 53 + 3 + 1 -T57 +1,120 - 52 + 587 + 250 3 + 29 - 13 + 263 187879 (1,662) (2,177) 5,361 39§ £o~027 284 167 — + 5 + 384 + 297 +3,533 CAPITAL ACCOUNTS + 25 Capital paid in ' ~ 54l - 466 Surplus 524 78 - 13 Other capital accounts 70 509 +3,079 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,177) 61,162 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following 38.0$ 7.7$ .1* pages—not consolidated) Contingent liability on acceptances purchased 13 for foreign correspondents 156 * "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 AND SECURITIES, JULY~l4, I965 (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 Changes Discounts and during week advances Holdings Acceptances -136 1,376 Within 15 days 206 17 -199 16 days to 90 days 6 7,725 29 :s 17,968 91 days to 1 year -116 10,138 Over 1 year to 5 years 1,489 Over 5 years to 10 years Over 10 years 371 3f5I TE Total 212 39,067 STATEMENT CF CONDITION OF EACH FEDERAL RESERVE EAKK ON JULY Ik, HA.l(b) Total Boston New York I965 Phila-I Cleve-1 RichI AtlantaChicago delphia land mond St. Louis Minne- Kansas Dallas apolis City San Francisco (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 12;O38 1,62^ 13,662 721 92 813 2,502 390 2,892 758 88 846 1,066 143 1,209 1,086 123 1,209 734 94 828 2,201 297 2,498 459 60 519 233 31 264 556 63 619 515 108 38 145 8 19 28 4 31 8 52 8 49 9 48 23 16 6 20 4 18 6 Discounts and advances 212 Acceptances: Bought outright 38 Held under repurchase agreements 8 U- -SU Government securities: Bought outright-Bills 7,645 Certificates Notes 25,737 Bonds Total Held under repurchase agreements * 17 26 107 4C8 1,277 29c 163 300 320 548 1,076 225 1,621 3,562 74_5_ 5,365 F. R. notes of other Banks Other cash 9 1,346 190_ 429 "l,536 376 53 22 4 48 9 12 23 38 8 403 1,898 399 623 506 1,058 2,096 438. 3,157 1,704 356 2,566 1,374 _g88_ 2,070 4,302 900 6,479 977 2C4 1,471 826 1,007 211 1,518 Total U.s» Government securities 3,157 2,566 2,070 6,479 1,471 826 1,518 1,621 5,365 Total loans and securities 3,166 2,567 2,096 6,586 1,475 832 1,541 1,626 5,377 632 6 58 721 5 42 763 20 39 1,510 21 106 454 6 284 3 14 534 6 32 433 11 36 885 10 98 5,110 4,6o4 3,804 10,792 2,502 1,421 2,756 2,561 7,963 1,345 281 Cash items in process of collection Bank premises Other assets TOTAL ASSETS * Less than $500,OCC. 63,339 • 3,502 14,878 3,446 H.4.1(c) STATEMENT OF CONDITIOK OF EACH FEDERAL RESERVE BANK ON JULY 14, I965 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco 1,126 5,116 (In million s of doiLars) 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 ; 35,906 2,157 8,148 2,124 3,059 3,136 2,055 6,529 1,396 675 1,385 17,600 920 156 203 18,879 678 59 7 4,886 158 1/59 127 5,220 719 73 8 1 801 1,255 85 13 1 765 73 7 9 854 1,024 55 9 1 2,683 126 21 1 2,831 637 63 5 * 705 4l8 4o 3 3 464 825 76 7 2 909 925 53 8 1 987" 7,023 526 535 581 1,210 358 247 396 361 7l4 21 22 58 10,628 15 16 2,706 21 ~2756T 9 1,395 51 7,812 78 75 11 18 18 3. 755 1,103 1,355 539 563 1,079" T2,2<54 20 3,447 109 15,580 21 3,385 35 5,oio "17556" 3,737 551 524 70 26 25 4 152 137 19 29 29 3 58 57 5 27 26 5_ 32 31 •i3,_339. 3,502 15,878 3,556 5,110 396 2,595 2,786 69 19 57 2,931 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 4,6o4 k_ 3,804 10,792 2,502 13 12 l_ 24 23 1,421 7 2/41 9 8 14 _9_ 22 5 Total collateral 8,558 2,197 3,248 3,263 420 6,430 5 32,465 __1,_825__ 1, CCC 565 l 600 883 7,700 l,8co __2,_7T5 2,410 38,000 8,7cc 2,266 3,293 -37783"6~ 2,230 2,245 3,375 1/ After deducting $107 mill ion paarticipat:Lons of <Dther Federal Reserve Banks. "2/ After deducting $115 million v&irtioirat:ions of (Dther Federal Reserve Banks. 2,196~ 400 21 9_ 6,911 1,472 709 1,539 1,217 5,395 1,100 295 4 1,260 127 225 180 735 595 1,250 1,100 5.0OC l, 559 722 1,575 1,28c 4,735 _5,_9C0_ 2,250 2,561 4 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities 72 70 9 7,963 2,756 156 32 31 3_ 7, ceo * Less3 than $500,000.
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