The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
••qtGovA-. KX.*lf**Li&$ FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement Of F.R. Banks For immediate release July 7, 1966 The average of daily figures of total member bank reserves held during the week ended July 6 Increased a net of $25^ million to $23,180 million. Estimated currency and coin of member banks decreased $3^-8 million and their reserve balances at the Federal Reserve Banks increased $602 million. Estimated required reserves increased $330 million; and estimated excess reserves decreased $76 million to $371 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $^56 million,compared with the revised net borrowed figure of $324 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $786 million in U. S, Government securities bought outright, $56 million in member bank borrowings, $29 million in Treasury currency outstanding, and $27 million in Federal Reserve float, and a decrease of $1^5 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $383 million in currency in circulation, $56 million in foreign deposits with Federal Reserve Banks, and $38 million in "other11 deposits with Federal Reserve Banks. Total Reserve Bank credit increased $876 million. As of Wednesday, July 6, holdings of U. S. Government securities bought outright were $901 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $26 million higher, and member bank borrowings were $361 million lower. Outright holdings of bills, notes, and bonds increased $821 million, $17 million, and $63 million, respectively. 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) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of d a i l y f i g u r e s Week ended Change from week ended Wednesday, J u l y 6, June 29, J u l y 6, J u l y 7, 1966 1966 1966 1965 (In rn i l l i o n s of cl o l l a r s ) 42,581 4 +786 + 4 +3,531 - 534 + + 2 3 + + 827 5 2,006 ^5,659 13,434 5,962 65,055 + 56 — + 27 +876 + 2 + 29 +907 42,634 1,066 710 208 428 454 ^5,500 19,55** 3,626 23,180 22,809 371 83 154 42,707 26 42 l4o 81 172 + 245 7 + 288 +3,704 - 500 + 5^ +3,748 260 5 2,086 ^5,337 13,434 5,974 j 64,745 +383 - 10 -145 + 56 + 38 - 18 +304 +2,739 + 291 + 141 + 46 + 220 - 327 +3,uo 42,974 1 1,071 693 193 398 459 ! 45,788 +602 -348 +254 +330 - 76 + 637 + 375 +1,012 + 989 + 23 18,956 3,864 j 22,820 1 22,820 -- On July 6, 1966, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,517 million, a decrease of $13^ million for the week and an increase of $l4o million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE EANKS (in millions of dollars) July 6, 1966 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 11,220 1,773 12,993 (705) 249 265 Change since June 29, July 1, 1266 1965 +17 + 3, +20 - 8 -361 + + - 828 155 673 l46 200 8l 172 — +25 + + 40 160 10,890 15 25,326 6,476 42,707 26 42,733 43,251 +821 -+17 + 63 +901 + 26 +927 +591 +2,961 + 15 - 411 +1,092 +3,657 - 442 +3,215 +3,215 7,087 104 946 (2,375) 64,630 +283 — + 38 +924 +1,050 + 2 + 237 +3,977 (1,670) L I A B I L I T I E S Federal Reserve notes (705) 37,880 +481 +2,465 Deposits: Member bank reserves 18,956 +628 + 9^8 U. S. Treasurer--general account 693 -132 - 280 Foreign 193 + 6l +1*0 Other 2/ 398 + 1 + 196 Total deposits 20,240 +558 + 90* Deferred availability cash items (l,670) 5,001 -149 + '76O Other liabilities and accrued dividends 224 + 2 - 224 + TOTAL LIABILITIES (2,375) 63,345 §92 +3,905, C A P I T A L A C C O U N T S Capital paid in 562 -~ + 21 Surplus 551 — 4- 27 Other capital accounts 172 + 32 + 24 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,375) 64,630 +924 +3,977 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 33.7$ -.3$ - 4.4$ Contingent liability on acceptances purchased for foreign correspondents 264 +12 + 108 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages, i/lncludes assets denominated in foreign currencies and IMF gold deposited. 2/lncludes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES• JULY 6, 1966 (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 253 194 1,018 + 85 16 days to 90 days 12 59 11,092 +599 91 days to 1 year ** — 15,252 +l62 Over 1 year to 5 years — — 13,622 + 29 Over 5 years to 10 years — -1,352 + 40 Over 10 years _ZZ _H 397 + 12 Total 265 253 42,733 +927 ** Less than $500,000. STATEMENT OF CONDITION CF EACH FEDERAL RESERVE BANK ON JULY 6, 1966 H.4.1(b) New York Philadelphia Cleveland Rich- Atlanta Chicago mond (In millions of dollars) St. Louis Minneapolis Kansas Dallas City San Francisco Total Boston Gold certificate account Redemption fund for F. R. notes Total sold certificate reserves 11,220 1,773 12,993 763 101 864 2,043 426 2,469 737 96 833 925 148 1,073 1,145 14 5 1,290 676 103 779 1,948 322 2,270 453 64 517 223 33 256 473 68 54l F. R. notes of other Banks Other cash i | 705 249 39 11 152 26 44 9 59 38 77 14 80 19 66 43 32 25 25 6 33 12 47 14 51 32 1 265 Discounts and advances Acceptances: 81 Bought outright 172 Held under repurchase agreements U. S. Government securities: Bought outright— 110,890 Bills Certificates 1 15 25,326 Notes 6,476 Bonds Total 42,707 Held under repurchase agreements 1 26 48 29 5 3 10 45 64 3 18 17 18 5 -— —— A S S E T S 81 172 1 1 2,783 578 1 4 1,344 6,472 1 344 1,655 10,9l4 t 2,267 26 1 I — — — 484 1,350 60 207 544'"" 1,557 --- — 387 216 561 l 1,304 333 2,199 897 l 2,084 533 3,515 751 1 1,748 447 2,947 595 1 1,383 354 2,333 1,825 2 4,245 1,086 7,158 90C 230 1,517 * — — 846 4l4 l 964 246 1,625 396 1 921 236 1,554 1,487 2 3,459 884 5,832 * 502 128 Total U. S. Government securities '42,733 2,267 10,940.. 2,199 3,515 2,947 2,333 7,158 1,517 846 1,625 1,554 5,832 Total loans and securities 43,251 2,315 11,222 2,204 3,518 2,957 2,378 7,222 1,520 864 1,642 1,572 5,837 8,757 104 946 515 3 38 1,532 9 384 537 3 42 562 5 742 20 43 1,488 20 114 443 8 26 273 3 17 577 8 33 449 10 66 782 5 45 36 857 10 102 67,005 j 3,785 15,794 3,672 5,321 5,170 4,c6l 11,223 2,571 1,444 2,846 2,672 8,446 Cash items in process of collecticn Bank premises Other assets ^/ TOTAL ASSETS 1/ Includes assets denominated in foreign currencies and IMF gold deposited * Less than $500,000. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 6, 1966 E. 4.1(c) Total ! Boston New York Phila- Cleve- Rich- Atlanta Chicago St. delphia land mond Louis (in millions of dollars) Minne-] Kansas Dallas apolis i City San Francisco L I A E I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer--general account Foreign Other Total deposits 38,585 2,330 8,750 2,253 3,206 3,^76 2,249 6,979 1,445 721 l,46o 1,239 4,477 18,956 693 193 S98 20,240 826 ^5 8 5,c46 928 53 8 1,169 53 10 3 2,745 97 24 1 879 1,420 54 15 1 1,490 2,867 937 54 9 1 1,001 6,671 503 1,088 493 1,235 488 1,149 330 441 23 4 1 469 218 842 59 7 2 910 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 994 615 689 48 6 1 744 3,066 1/ 2/ 7 1 -'325 5,564 847 36 9 l 893 447 4ll 352 577 3,723 3,6o4 18 5,207 16 5,101 12 3,984 11,033 8 2,527 6 1,414 Q 15,460 2,790 8 2,600 8,277 172 27 27 8 1^6 144 44 30 30 8 51 50 13 29 28 12 3^ 33 10 81 79 30 19 19 6 14 13 3 25 24 7 33 32 7 73 72 24 67,005 1 3,785 15_,7S>4 3.672 5,321 .5,170 4,c6l 11.223 2,571 1.444 2.846 24 13 16 6 12 15 35 * 122 1 1 JLJ- 65,720 5 - , s h9 22 57 3,194 PQ CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOIMTS Contingent liability on acceptances purchased for foreign correspondents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral j 1 562 551 8.446 13 2/69 14 41,219 2,474 9,3^0 2,362 3,493 3,666 2,46o 7,391 1,553 763 1,571 1,351 4,795 6,588 6 35,446 42,o4o 500 1,000 6co 856 450 1,100 225 180 735 8.400 9,400 2,950 3,550 2,850 3,706 2,025 6,500 7,6co 315 3 1,310 1,628 127 1,986 2,486 500 3 1,900 645 1.350 . .1.230 4.300 772 1,575 5,035 i 264 . 2,403 38_ FEDERAL RESERVE AGENT'S ACCOUNTS 1/ After deducting $122 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 1/ After deducting $195 million participations of other Federal Reserve Banks, 2_,672_ 2,475 9_ * Less than $500,000. 1,410
@FedFRASER