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FEDERAL ^fe^** RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 3> 1965 H.4.1 The average of daily figures of total member bank reserves held during the week ended June 2 increased a net of $8l million to $21,Wf9 million. Estimated currency and coin of member banks decreased $$0 million and their reserve balances at the Federal Reserve Banks increased $171 million. Estimated required reserves increased $22 millicn; and estimated excess reserves increased $59 million to $365 millicn. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $153 millicn, compared with the revised net borrowed figure of $177 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $674 million in U. S. Government securities bought outright, $63 million in U. S. Government securities held under repurchase agreements, and $35 million in member bank borrowings. The principal offsetting changes were decreases of $152 million in Federal Reserve float and $+3 million in gold stock, and increases of $190 million in currency in circulation, $1^3 million in "other" F. R. accounts (net), and $65 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $626 million. As of Wednesday, June 2, holdings of U. S. Government securities bought outright were $369 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $189 millicn higher, and member bank borrowings were $110 million lower. Outright holdings of bills, notes, and bonds increased ^273 million, $15 million, and $8l 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 figures Week ended Change from week ended Wednesday, June 2, June 3, June 2, May 26, 1964 1965 1965 1965 (in millions of d o l l a r s ) 38,504 343 38,462 255 +674 + 63 +4,135 + 201 49 29 - 1 + 9 + + 2 22 45 24 518 14 1,446 4o,772 14,292 5,399 6o~4~S3 + 35 --152 +625 - 43 + 2 +585 + 254 + 13 75 +4350 -1,171 - 185 +3A95 215 13 1,459 40,603 14,293 5,399 60,295 39,237 762 856 142 190 1,285 2+27471 +190 — + 65 -+ 18 +143 +4l4 +1,974 + 337 58 3 7 + 28 +2,271 39,436 770 949 156 203 1,281 42,795 17,992 3,457 21,449 21,084 365 +171 - 90 + 81 + 22 + 59 + 926 + 329 +1,255 +1,185 + 70 17,500 3,711 21,211 21,34c - 129 On June 2, 1965, U. S. Government securities held in custody by the federal Reserve Banks for foreign account were $7,fll million, a decrease of $9^ million for the week and a decrease of $188 million. H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELV-EUFEDERAL RESERVE EANKS (in millions of dollars) June 2, 1965 1965 1964 12,476 1,5*6 + 15 14.022 + 14 -1,283 + 129 -1,154 114 228 - 6 45 24 - 3 -- 3 6 7,739 +273 +2,852 -- -- -- + 15 + 81 +369 +189 +558 +444 + 812 + 367 +4,031 + 161 +4,192 +4,058 (1,344) 5,7C9 102 319 (1,835) 59,410 +1C6 + 40 +598 383 1 75 +3,175 (491) 34,650 +317 +2,530 17,500 949 156 203 18,808 - 1 +297 + + + (1,344) 4,250 5C8 (1,835) 58,216 -101 + 12 +570 +37^15 + 27 +598 + 28 - 466 2 +3,175 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances iiccepuances. Bought outright Held under repurchase agreements U. S. Government securities: Eought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I ES Federal Reserve notes Deposits: Member "bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Change since May 26, June 3, (491) 25,717 5,048 38; 504 343 38^847 39,11*4 C A P I T A L A C C O U N T S Capital paid in 540 Surplus 524 Other capital accounts 130 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,835) 59,410 - 1 -111 + 46 +3^2 - 36 - 137 + 250 145 37 9 4~23 + + 269 393 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 39-9$ -«2$ 6.7# Contingent liability on acceptances purchased for foreign correspondents 159 -+ 1 2 * 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, JUNE 2, 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 Discounts and Changes advances Acceptances during week Holdings 1,218 Within 15 days 209 37 + 29 +36O 7,764 16 days to 90 days 19 32 91 days to 1 year 18,223 + 73 Over 1 year to 5 years 9,968 + 30 1,342 + 50 Over 5 years to 10 years + 16 332 Over 10 years STATEMENT OF CONDITION OF EACH FELERAL RESERVE BANK ON JUNE 2, 1965 H. 4.l(b) 1 Total Boston i New York r Phila-j Clevedeluhia 1 land i Rich- Atlefcta Chicago mond , > of dollars) (In million!: St. Louis Minneapolis Kansas lallas City San Francisco A S S E T S 12,U76 1,5^6 1^022 824 89 913 2,664 491 114 228 liscounts and advances Acceptances: Bought outright ^5 Held under repurchase agreements 2k U. S. Government securities: Bought outright-Bills 7,739 -Certificates Notes 25,717 Bonds 5,o4e 38,504 Total Held under repurchase agreements 3^3 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Eanks Other cash i,c64 2,694 54l 61 602 237 30 267 551 61 612 288 51 339 1,465 62 9 42 24 19 7 13 5 12 6 29 5 30 10 11 19 4 13 38 6 2C -- -- -- — --- -- -- 1,198 1,132 129 l,26l 749 90 839 26 4 37 8 35 8 82 9 14 6 h5 -- — — 3,009 737 66 823 39 8 147 20 6 — -- 345 134 2,405 289 24 1,284 181 39^ 1,947 4o8 633 504 407 1,305 285 166 298 322 1,070 -- -- -- -- -- __ -- -- -- -- _- -_ 1,309 6,469 1,270 9,686 1,357 2,105 1,677 1,353 3,555 329 265 990 195 1,071 413 M36 550 266 211 698 2,031 3,151 2,510 2,025 6,492 945 185 1,415 1,483 l,6c4 5,323 343 -- -- -- -- -- -- __ -- -.- ... ?i5io_ 2,025 6,492 1A15 __ _824_ 1,^63 1,6o4 5,323 257 1,960 — 851 ice 824 -- Total U. S. Government securities 38,847 1,960 10,029 2,031 Total loans and securities 39,1^ 1,966 ic,180 2,040 3,165 2,516 2,036 6,511 1,419 837 1,521 1,610 5,343 7,053 1,362 8 82 469 3 16 520 6 25 585 5 19 505 20 17 1,209 102 319 48o 3 15 21 49 312 6 12 211 3 8 435 6 15 308 11 14 657 IC 4~ 61,2^5 3,424 l4,8c8 3,381 4,959 4,429 3,488 10,550 2,377 1,344 2,607 2,316 7,562 Cash items in process of collection Bank premises Cther assets TOTAL ASSETS H. 4.1(c) STATEMENT OF CONDITION OP EACH FEDERAL RESERVE BANK ON JUNE 2, I965 Total Boston New York Philadelphia Deferred availability cash items Other liabilities and a c c nled dividends TOTAL LIABILITIES St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollLars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general ac1 count Foreign Other Total deposits Cleve- RichAtlanta Chicago mond J land 35,141 | 2,085 8,089 2,073 2,978 3,042 1,996 6,391 1,374 661 1,362 1,091 3,999 17,500 I 949 156 203 18,808 731 41 7 * 779 4,688 380 1/49 133 5,250 76l 56 8 1 826 1,304 70 13 1 1,388 809 39 7 6 2,810 102 21 2 2,935 63O 51 5 1 436 35 3 1 786 54 7 861 991 25 9 1 i,026 687 475 2,672 79 19 53 2,823 5,594 478 1,013 391 445 437 369 977 258 169 850 322 882 17 8 1 908 222 508 60,051 25 3,367 141 14,493 26 3,316 43 4,854 28 3,419 10,377 2,336 12 1,317 21 2,555 27 2,248 67 7,402 540 524 130 26 25 6 142 29 29 7 48 47 10 18 18 5 13 12 2 24 23 5 32 31 5 72 70 18 2,377 1,3^ 2,607 2,316 7,562 27_ 4,367 1L. 74 L 513 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for forej-gn correspondents 61,245 _ _ 3 J L 2 J L 159 8 27 26 9 32 31 6 77 75 21 14,808 —2*381._AS59_ 4,429 3,488 10,550_ 14 8 9 23_ 137 36 2/42 9 5_ ^ 7_ 9_ 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 2,154 8,447 2,143 3,166 3,151 2,133 6,750 1,452 688 1,404 1,188 4,218 420 1,710 500 793 400 180 735 2,775 3,275 2.410 3,203 1,850 2,250 290 ^ 1,260 1,554 225 7.200 8,910 1,100 5.7C0 6,800 122 1,765 2,185 465 7 1,800 2,272 58O 1,200 1,050 3,700 702 1,425 1,230 4,435 1/ After deducting $L07 million participations of other Federal Reserve Banks. 2/ After deducting $L17 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER