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••i>°H3ti: FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 2h, 1965 The average of daily figures of total member bank reserves held during the week ended June 23 increased $4l6 million to $22,063 million. Estimated currency and coin of member banks increased $40 million and their reserve balances at the Federal Reserve Banks increased $376 million. Estimated required reserves increased $397 million; and estimated excess reserves increased $19 million to §k±Q million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by £165 million, compared with the revised net borrowed figure of $212 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $K>5 million in Federal Reserve float and $169 million in U. S. Government securities bought outright, and a decrease of $78 million in "other" P. R. accounts (net). The principal offsetting changes were a decrease of $211 million in U. S. Government securities held under repurchase agreements and an increase of $76 million in Treasury deposits with Federal Reserve Ranks. Total Reserve Bank credit increased $324 million. As of Wednesday, June 23, holdings of U. S. Government securities bought outright were $86 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $294 million lower, and member bank borrowings were $6l2 million lower. Outright holdings of bills decreased $140 million and bonds increased $54 million. Member bank reserves, Reserve Rank 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_ daily figures Week ended Change from week ended Wednesday, June 16, June 25T June 23, June 23> 1965 1964 1965 1965 (In millions of dollars) 38,696 79 40 7 583 13 _2>°3T 4i~P+55 14,292 ,5,409 &l,156 +169 -211 - +4,269 + 79 38,664 173 41 16 5 - 28 - 2 +405 +324" + 351 + 13 09 +475§0 -1,169 + 15 +339 39,528 778 892 129 185 1,153 42,6o5 + + + 18,491 3,572 22,655 21,645 418 +376 + 40 +515 +397 + 19 27 7 76 22 8 - 78 - 37 +3,235 +1,954 + 383 - 13 9 18 - 120 +2,177 +1,061 + 275 +1733^ +1,269 + 67 80 13 1,679 4T)76"D6 14,293 5,413 So7372 39,515 788 775 138 167 52", 539 17,833 3,980 2T7813" 21,630 183 On June 23, I965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,286 million, a decrease of 0282 million for the week and a decrease of $886 million from the comparable date a year ago. H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF^THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) ASSETS Gold certificate account Redemption fund for F. R. notes Total_gpld.certi^^cat^ reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U- S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total,_U. S. Government securities # (569) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U- S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Change since June 16, June 24, 1964 1965 12,402 1,618 I47026 + + 50 57 7 + 2 - 612 -1,355 + 186 -1,169 - 21 41 16 -- 4 7 37 7,735 140 +2,827 -_ -— -- - 120 93 25,737 5,192 + 54 - ~~B6 - 294 - 3S0 - 988 3B766T 173 557637 38,987 Total loans and ..securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS June 23, 1965 — + 825 + 481 +4,133 + 173 +4,306 +4,262 (1,569) 6,869 102 363 (2,138) '6o~4~6i -1,570 + 628 1 + 23 +3,722 (569) 34,737 92 +2,465 17,833 775 138 167 157913 (1,569) 5A90 456 (2,138) 59,296" -1,137 + 138 - 11 - 19 -1,029 - 476 -—_ 3 -1,600 816 192 1 30 + 593 + 770 + 340 23 +4"7T6H C A P I T A L A C C O U N T S + 29 Capital paid in ~ ~ 54l Surplus 524 - 466 Other capital accounts 100 v 29 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,138) "60,461 -1,570 +3,722 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 39.7$ . 1$ - 6.7$ Contingent liability on acceptances purchased for foreign correspondents 158 1 + 1 0 * Figures in parentheses are the eliminations made in the ccnsolidating process; see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE~23, 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 Discounts and Changes advances Acceptances Holdings during week 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 71 22 «- ~- 93 27 30 ----- 57 1,213 7,641 18,177 10,055 1,403 348 3B7B37 -443 + 40 - 30 + 38 + 8 + 1 ^3Bo H.4.1(b) STATEMENT OF CCWDITION OF EACH FEIERAL RESERVE BAM ON JUNE 2 3 , 1965 Total Boston New York Phila- Clevedelphia! land Richmond Atlanta Chicago St Louis Minne apolis Kansas City Lallas o£UQ. Francicco (in millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F- R. notes of other Banks Ctfcer cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bends Total Held under repurchase agreements 12,402 __l,J3l8 l4,020 &C7 897" 2,621 392 3,013 569 120 42 8 175 22 l,CC7 138 l,i4i 126 732 94 2,278 298 54o 60 "791 " I,l45 1,267 "826" 2,576 6CC 31 242 38 9 46 7 58 10 49 24 24 8 15 5 6 13 504 407 704 87 30 4 93 4i 16 501 63 564 16 6 371 53 - -nsfT 1,489 186 1,675 28 5 48 12 322 1,070 15 41 16 4c8 633 6,474 1,310 l, 358 1,306 265 273 "179*68- 9,726" 2,039 173 173 2,106 425 7,735 211 393 1,946 25,737 5,192 -37T6T- 1,304 1,678 1,354 4,339 338 273 876 2,520 " 2 7 0 3 4 "" 6,519 284 166 298 946 551 191 ill 1,"421 " "826 991 2CC l,~"489 1,072 3,558 216 718 1,61c -5734-6™ Total U. S- Government securities 38,837 1,968 9,899 2,039 3,164 2,520 2,034 6,519 1,421 828 _k!t§i_ 1,610 5,346 Total loans and securities 38,987 1,973 9,965 2,04l 3,166 2, 526 2,047 6,54l 1,423 836 1,504 1,615 5,350 505 3 593 6 Cash items in process of collection Bank premises Other assets 8,438 102 363 621 3 17_ 1,491 8 92__ l§_ 656 5 _24_ 694 20 19 1,433 21 56__ 388 6 14 254 3 8__ 531 6 17_ 423 11 l6_ 849 10 52 30 TOTAL ASSETS 62,599 3,561 14,766 4,531 3,392 4,987 3,674 10,700 2,463 1,363 2,644 2,522 7,996 H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 23, 1965 Total Boston LIABILITIES 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents Hew York Phila- Cleve- Rich- Atlanta Chicago St. Louis delphia land mond Minne- Kansas apolis City Dallas San Francisco (In millions3 of dol]Lars) ;35,306 1 2,107 8,070 2,085 3,007 3,073 744 45 6 4,891 133 1/42 106 5,172 1,263 56 12 * 1,331 506 751 90 7 3 851 1,097 723 48 7 1 779 440 22 121 3,505 l4,46o 25 3,329 4o 4,884 24 4,471 142 137 27 29 29 5 48 47 8 26 7 3,561 14,766 3,392 4,987 4,531 14 8 17,833 775 138 167 18,913 * 795 581 6,759 456 61,434 26 25 5 541 524 100 62,599 158 ... _ J 2/42 _ .9.. 523 1,378 668 1,366 393 48 3 444 795 34 6 2 837 1,160 65O 76 4 1 731 298 214 371 907 2,960 50 64 17 8 50 198b 3,077 346 688 68 26 3,606 10,531 16 2,423 10 1,336 19 2,593 24 61 2,455 " 7,841 78 75 16 18 18 4 13 12 2 24 23 4 32 31 4 72 70 13 3,674 _l°,J0O 2,463 1,363 2,644 2,522 7,996 2,017 6,415 973 2,783 85 46 18 8 2 1 1,028 ' 2,888 535 32 31 5 9_ 23 5_ * 4 7_ 1,105 2_ 4,015 21 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 2,178 8,458 2,157 3,205 3,196 2,174 6,809 1,475 698 1,418 1,201 4,288 420 1,000 813 ._ 2,410 400 — 1,850 1,100 — 5,900 295 2 1,260 225 180 735 7,700 500 __ 2,775 122 1,785 465 1 1,800 590 1,250 1,050 3,700 2,205 8,700 2,266 3,275 3,223 2,250 7,000 1,557 712 1,475 1,230 4,435 1/ After deducting $ 96 million participations of other Federal Reserve Banks. 2/ After deducting $116 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER