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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.l+.l i y g * S A 3 CITY, MO* juwlic UBRAir For immediate release July 8, 1965 D. S. DOCS. The average of daily figures of total ank reserves held during the’ week ended July 7 increased a net of .on to $22,212 million. Estimated currency and coin of member banks decreased $376 million and their reserve balances at the Federal Reserve Banks increased $696 million. Estimated required reserves increased $251+ million: and estimated excess reserves increased $66 million to $397 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $189 million, compared with "t'he revised net borrowed figure of $155 mil lion the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $408 million 'in U. S. Government securities, held under repurchase agreements, $310 million in U. S. Government securities bought outright,and $56 million in member bank borrowings, and decreases of $301 million in ’’other” F. R. accounts (net) and $23 !+ million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $293 million in gold stock and an increase of $386 million in currency in circulation. Total Reserve Bank credit increased $853 million. As of Wednesday, July 7, holdings of TJ. 3. Government securities bought outright were yl68 million higher than a week earlier, U. S. Government securities held mder repurchase agreements were v'250 million higher, and member bank borrowings were $189 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Eank 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 Ear.ks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, June 30, July 8 , J u ly 7 , July.7, 1961+ 1965 1965 1965 (In millions of dollars) 39,050 538 1+1 Ik 582 12 1,7 18 41,955 1 3 ,93^ 5,418 61,307 +310 +1*08 + 1 + 96 _ O + 1+0 +B5T -293 + 5 39,895 4386 775 6 569 162 208 781 42,390 -234 18,917 .3,295 22,212 21,815 397 -+ 21+ -301 -131 +696 -376 +320 +25 I+ + 66 +3,835 + 1+18 39,050 1+68 6 kj kl 12 + 319 + 12 - 161+ W 73E? -1,529 - 156 +2,682 457 - +1,979 + 359 - 273 + 28 Ik - 475 +l7605 +1,077 + 330 +1,407 +1,301 + 1C6 8 1,796 41,832 13,934 5,4l8 6 1 ,185 1+0,228 771 9T3 153 202 850 S3 A 77 18,0C8 3,666 21,696 21,81+5 - ll+9 hn July 7, 1965, TJ. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,37i million, a decrease of $222 million for the week and a decrease of $666 million from the comparable iate a year ago. 11.4.1(a) CONSOLIDATED STATEMENT OF 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 June 30, 1965 1965 July 8 , 1964 + - -l,68l + 162 -1,519 12,048 l,6l8 13 ,666 (448) Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements lT- S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities 103 465. 5 1 4 - 15 -192 4l + 21 49 -- 7 44 +168 +2,335 12 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS July 7, 7,929 -25,737 5,38k 39,050 468 39 ,51 ? +4i8 + 825 + 673 +3,833 + 225 +4,058 ^0,036 +226 +4,056 - + 6,037 -- - -- +168 +250 4 -- - - (1 ,832 ) 6c , 653 - 58 -<•145 528 1 + 312 +3,355 (kk8) 35,ki5 -1-5C8 +2,599 l8,0C8 973 153 202 19,336 -221 +301 - 26 + 4 + 58 + + + + k,£kl 448 (1 ,832 ) 59,kko -451 + 5 +120 + 235 + 342 + 3,800 C A P I T A L A C C O U N T S 54l Capital paid in 524 Surplus 148 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1 ,832 ) 60,653 --+ 25 +145 + - (1,36k) 102 709 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 (1 ,38k) 4iq 188 28 11 624 466 4 +3,355 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following 38 .1 $ pages--not consolidated) -•5# - 7-7* Contingent liability on acceptances purchased - 1 156 + 12 for foreign correspondents 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 7, 1965 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maud mum maturity of the agreements.) Discounts and 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 Over 10 years Total 46c 5 Acceptances 23 30 U. 3. Government securities Changes Holdings during week 1,512 7,924 18 ,084 +329 +175 86 - 10,138 -465 53 1,489 ___371 39,518 51s + E A . 1 (b) 1965 STATEMENT OF CONI IT ION OF EACH FELERAL RESERVE BANK ON JULY 7, Total Boston New York Phila delphia Cleveland Rich Atlanta Chicago mond St. Louis Minneapolis Kansas Dallas City San Fran cisco (In millions of dollars) A S S E T S 12,048 l,6l8 13;666 757 92 84-9 2, 218 391 F. R. notes of other Banks Other cash 448 103 33 7 121 Liscounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreements 465 Total U. S. Government securities 35,518 Total loans and securities Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash items in process of collection Bank premises Other assets TOTAL ASSETS 94 618 2,111 297 2 f4c8 495 6l 556 175 31 2C 6 455 64 519 297 53 350 43 7 44 10 44 23 15 6 18 4 15 6 23 4 42 9 4 28 19 84 2 l4 25 6 11 — -- --- --- --- --- --- --- — -- --- --- 1,568 415 646 525 423 1,325 301 169 311 332 1,097 6,390 1,337 1,345 281 4,302 548 115 1,CC7 1,0 76 2 11 3,562 832 -- -- 1,529 -- 225 1,633 468 2,041 -- 1,704 356 2,585 -- 1,374 9,695 2,096 438 3,180 745 5, 4o 4 -- 2,057 10,163 2,04l 3,180 40,036 2,104 10,4c6 2,074 7,1*21 102 7C9 456 1,1*79 8 1*53 8CC 88 888 l,ll*7 138 1,285 1,133 124 1,257 16 19 3 31 8 47 190 33 4i 12 --- 4i 12 7; 929 417 25,737 1,356 261+ 5,384, 39; 0501 2,057 -468 j 62,485 3 35 3,487 2,609 181 l4, 820 3 37 3,477 724 _ 1,736 185 1,921 2,065 6,527 -- -- 977 204 1,482 -- 2,585 2,085 6 ,52? 1,482 832 1,529 1,633 __5,4c4 3,184 2,613 2, 104 6 ,6 11 1,484 846 1,554 l,64l 5,415 468 6 59 605 653 20 hO 1,250 21 226 3hi 6 3 27 _ _ 15 475 289 11 35 726 5 hi 5, Obl 4 ,571 288 3,6 8 9 9C0 107 10, U6h 2,b35 1,3 18 6 32 2 ,6 0 7 2, 353 10 ICO 8 ,2 2 3 H.4.1(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 7, 1965 —•—^-- - ■Cleve- Rich- Atlanta Chicago St. mond land Louis (In millions of dollars) -■—— Total Boston J 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 Minneapolis 35,863 2,149 8,l66 2,114 3,04l 3,128 2,056 6 ,512 1,394 672 l8,C08 973 153 202 4,821 256 805 81 875 1,026 2,58 1 1/43 120 5,25o ~ 8 1 1,335 104 14 1 23 9 1 1,454 137 21 2 2,741 391 40 3 1 895 36 7 6 924 649 55 5 1 19,336 740 52 7 * 799 710 5,625 459 969 379 402 433 968 448 22 125 14,500 24 3,412 _J8 4,935 66 4,508 23 61,272 3,429 5*H 524 148 26 25 7 142 137 4l 29 29 7 47 11 26 10 62,485 3,487 14,820 3,477 5,041 4 ,5 7 1 156 7 9 14 8 1,059 479 25 3,619 10,287 San Francisco Kansas Dallas City 1,385 1,123 4 ,123 755 49 7 2 857 64 9 3,173 76 20 65 435 813 932 3,334 274 173 337 207 545 15 2,393 10 1,290 19 23 58 2,554 2,285 8 ,c60 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNT'S Contingent liability on acceptances purchased for foreign corre spondent s S/k 48 27 32 31 7 78 75 ?4 18 18 6 13 24 23 6 32 31 s 12 3. _ 72 70 -M 3,689 10,464 2.435 1,318 2.607 2,353 22 5 4 7 9 21 9 §,.223- . FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 37;519 2 ,2 1 5 8 ,4 8 9 2 ,1 8 4 3 ,2 3 0 3 ,2 3 7 2 ,1 8 0 6 ,8 6 7 1 ,4 6 4 70 4 1 ,4 3 0 1 ,2 0 9 ■ 57310 6 ,2 9 5 34 J 2 , lit 5 1 42 0 -1 ,8 0 5 1,000 -7;7C0 465 32 1 ,8 0 0 5C0 -2 ,7 7 5 853 — 2 ,4 1 0 4oo — 1 ,8 5 0 1,100 — 5 ,9 c 0 295 2 1 ,2 6 0 122 — 595 225 — 1 ,2 5 0 180 — 1,100 735 — 3 ,7 0 0 3 8 ,4 7 4 2 ,2 2 5 8 ,7 0 0 2 ,2 9 7 3 ,2 7 5 3 ,2 6 3 2 ,2 5 0 7,000 1 ,5 5 7 717 1 ,4 7 5 1 ,2 8 0 4 ,4 3 5 17 After deducting $110 million participations of other Federal Reserve Banks. 2/ After deducting $11$ million participations of other Federal Reserve Banks. * Less than CVC.
@FedFRASER