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FEDERAL Factors Affecting Condition Bank Statement of Reserves F.R. RESERVE and Banks For immediate release July 22, 1965 The average of daily figures of total member bank reserves held during the week ended July 21 decreased $U60 million to $21,6V3 million. Estimated currency and coin of member banks decreased $15 million and their reserve balances at the Federal Reserve Banks decreased $W-5 million. Estimated required reserves decreased $126 million; and estimated excess reserves decreased $33^ million to $191 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $23^ million, compared with the revised net borrowed figure of $95 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $485 million in U- S. Government securities held under repurchase agreements, $221 million in U. S- Government securities bought outright, and $195 million in member bank borrowings, and increases of $46 million in Treasury deposits with Federal Reserve Banks, $33 million in foreign deposits with Federal Reserve Banks, and $23 million in Treasury cash holdings. The principal offsetting changes were an increase of $323 million in Federal Reserve float, and decreases of $136 million in Currency in circulation and $104 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $593 million. As of Wednesday, July 21, holdings of U. S- Government securities bought outright were unchanged from a week earlier, U. 3. Government securities held under repurchase agreements were $88 million lower, and member bank borrowings were $59 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 Tiscounts 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 P. R. Banks Foreign deposits with F. R. Banks Other deposits with P. R. Banks Other P. R. accounts (net) Average;s of daily figures Week ended Change from week ended Wednesday, July 21, July 14, July 22, July 21, 1964 1965 1965 1965 (In millions of dollars) 38,766 98 38 -- 425 2 2, 206 SI7535 13,934 5A12 o07B80 4o, C65 785 688 179 19k 725 42,836 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) I8,0k6 3,597 21,643 21,452 191 -221 -485 +^,37^ + 98 38,766 - 2 - 12 4 36 -- -- + 266 + 2 + 11 +4,746 -1,529 - 154 +3,062 271 -195 - 1 +323 -593 -.-. + 7 ^W! -136 + 23 + 46 + 33 - 2 -104 -l4i +2,096 + 341 + 118 + 48 + 3 - 433 +2,172 -445 - 15 -460 -126 -331* + 892 + 322 +1,214 +1,301 87 213 -1,651 40,937 13,93^ 5,M2 60,283 4o,024 796 670 151 202 710 42,553 17,731 3,927 21,658 21,476 | 182 On July 21, 1965, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,28l million, a decrease of $72 million for the week and a decrease of $793 million from the comparable date a year ago. • 4-Ma) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS July 21, 1965 A S S E T S Gold certificate account Redemption fund for F. R- notes Total gold certificate reserves Cash Disccunts and advances 12,034 1,62S 13.659 (604) 118 271 H.ccepuances • Bought outright Held under repurchase agreements U. S. Government securities: Bought outright — Bills Certificates Notes Bonds Total "bought outright Eeld under repurchase agreements Total U. S* Government securities 36 L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer—general account Foreign Other Total deposits + - 4 1 3 + 10 + 59 - 7,645 -1,687 + 173 -1,514 + 20 167 2 8 25,737 5,384 38,766 — --— — 213 - 88 — 5 — +3,108 -- + 825 + 673 +4,606 + 213 +4,819 38,979 IH 39,286 - 39 +4,981 (1,688) 6,522 -742 + - 1 + 38 -737 + (2,292) 101 739 60,425 (604) 35,250 -141 +2,584 17,731 670 151 202 +131 -250 - 5 - 1 -125 +1,316 - 64 -490 - 5 ^761 + 637 + 302 ++7799 + + - Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASGETS Change since July 14, July 22, 1964 1965 18,754 Deferred availability cash items (l,688) Other liabilities and accrued dividends "~ TOTAL LIABILITIES (2,292) 4,871 391 5"97256" C A P I T A L A C C O U N T S Capital paid in ' ~ 542 Surplus 524 Other capital accounts 93 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,292) 60,425 1 + 23 620 2 283 +47355 + + 21 3 +1,276 26 466 11 ±5351 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 38.1$ +.l/o - 7-7$ Contingent liability on acceptances purchased for foreign correspondents 155 - 1 + 1 5 * 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 21, 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 Changes Discounts and Holdings during week Acceptances advances Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years ITS Over 10 years Total 264 7 9 27 27I 35 1,509 7,497 17,975 10,138 1,489 371 38,979 +133 -228 + 7 -""85 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 21, 1965 H. 4.1(b) Total Boston New York Cleve- Rich- Atlanta Chicago land mond (In millions of dollars) Philadelphia St. Louis Minneapolis Kansas Dallas City San Francisco 296 1,457 A S S E T S Gold certificate account Redemption fund for F. R- notes Total gold certificate reserves 143 123 1,222 1,209 38 4 34 9 61 9 56 10 9 i 6 49 9 158 21 42 31 2,770 P- R. notes of other Banks Other cash 60k 118 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreements 271 36 390 2,26l 297 23_ 2,558 779 4i9 195 30 443 60 479 225 55 24 23 6 24 4 19 6 27 5 60 11 18 50 5 10 35 5 59 290 __ 977 163 -548 300 -- 320 -- 1,058 3,562 6J_ _ _ S 2 L _ 506 349 189 1,646 36 ~_ 403 -- 25,737 1,356 7,645 1,086 3,160 673 94 767 686 1,079 669 90 759 12,03^ .1,625 13,659 5,384 284 38,766 2,043 213_ -- 1,898 399 -- 623 -- 506 -- 408 -- 1,277 6,390 1,345 281 1,337 9,625 " 2,025 2,096 438 3,157 1,704 356 2,566 1,374 288 2,070 4,302 90c 6,479 204 1,471 115 826 1,076 1,007 211 225 1,518 ""1,621 -- -- -745 5,365 213 Total IL S. Government securities 38,979 2,043 9,838 2,025 _3>I£7._ 2,566 2,070 6,479 1,471 826 1,518 1,621 5,365 Total loans and securities 39,286 2,085 9,905 2,034 3,158 2,572 2,088 6,529 1,476 836 1,553 1,626 5,424 8,210 529 3 37 1,460 466 3 600 5 649 5 688 20 i,4c6 383 6 259 3 554 6 396 11 42 112 820 10 103 3,479 14,900 3,683 10,705 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 101 739j 62,717 8 188__ 43_ 39__ 3,343 5,089 4,548 21 27_ 2,400 JL7_ 1,368 33„ 2,677 37 _ 2,451 8,074 STATEMENT OF COBT1TIOK OF EACH FEDERAL RESERVE BANK ON JULY 21, 1965 H. h.1(c) Total Boston New York Philadelphia 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 Cleve- R i c h - A t l a n t a Chicago mond land ( i n m i l l i o n s of d o l l a r s ) St. Louis Minneapolis 3,055 35,85^ 2,1^9 8,153 2,119 IT,731 670 151 202 18,754 715 42 7 * 764 4,982 98 1/40 130 5,250 681 8 1 735 1,308 46 14 -* 1,368 6,559 491 1,089 4c6 530 391 61,558 19 3,423 103 1^,595 21 3,281 33 4,986 542 524 93 26 25 5 142 137 26 29 29 4 49 ^7 7 62,717 3,479 14,900 3,3^3 Kansas Dallas City San Francisco 3A32 2,0^5 6,523 1,390 67k 1,380 1,128 4,106 762 63 8 6 839 496 952 52 9 2 1,015 2,752 61 21 2 2,836 384 ^5 3 1 433 769 44 7 2 842 865 44 9 1 919 2,927 93 20 56 3,096 533 1,119 6l4 37 5 1 657 300 225 387 317 666 22 22 4 , 4 8 9 " 3,615 59 10,537 14 2,361 9 1,341 17 2,626 20 2,384 52 7,920 32 31 5 78 75 15 18 18 3 13 12 2 24 23 4 32 31 4 72 70 12 3,683 10,705 2, too CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l a c c o u n t s TOTAL LIABILITIES ANT CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents _15_5_ J !/4i_. _9_ 27 26 6 5,089 _A/5if8_ 14 1>368 _ 2 * £ I L _ _ 2 > 5 l _3_ _22_ J- -9- 8,074 _23 FEEERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Geld certificate account E l i g i b l e paper U. S. Government s e c u r i t i e s Total collateral 37,896 2,243 8,571 2,203 3,260 3,272 2,199 6,925 1,475 707 1,^35 1,222 4,384 6,430 14 32,515 420 1,000 6co 883 4co 1,100 225 180 735 7,700 2,775 2,44o 1,850 5,900 295 5 1,260 127 1,845 465 9 1,800 595 1,250 1,100 4, CCQ 38,959 2,265 8,700 2,274 3,375 3,323 2,250 7,000 1,560 722 1,475 1,280 4,735 1/ After deducting $111 million participations of ether Federal Reserve Banks. 2/ After deducting $ll4 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER