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FEDERAL Factors Affecting Condition Bank Statement of RESERVE Reserves F.R. and Banks F o r immediate r e l e a s e June 9, 1966 H.4.1 The average of daily figures of total member bank reserves held during the week ended June 8 decreased $166 million to $22,202 million. Estimated currency and coin of member banks decreased $163 million and their reserve balances at the Federal Reserve Banks decreased $3 million. Estimated required reserves increased $87 million; and estimated excess reserves decreased $253 million to $172 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $375 million, compared with the revised net borrowed figure of $387 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $265 million in member bank borrowings and an increase of $239 million in currency in circulation. The principal offsetting changes were increases of $204 million in U. S. Government securities bought outright, $95 million in Federal Reserve float, and $3^ million in acceptances held under repurchase agreements, and a decrease of $102 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $91 million. As of Wednesday, outright were $203 million were $6l2 million higher. $156 million, $16 million, June 8, holdings of U. S. Government securities bought higher than a week earlier and member bank borrowings Outright holdings of bills, notes, and bonds increased and $31 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U0 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 dailv figures Week ended Change from veek ended Wednesday, June 8, June 9, June 1, June 8, 1966 1966 1966 1965 (in millions of dollars) 41,542 ~- 4l,661 21 +204 + 21 +3 ,146 - 353 82 133 _— + 34 + + 37 111 83 131 547 20 1,765 44,230 13,533 5,888 63,651 -265 — + 95 + 91 - 1 + 20 +110 73 — + 209 +3,224 - 760 + 494 +2 959 976 17 1,399 44,148 13,534 5,894 63,576 42,226 992 737 146 392 617 45,109 +239 - 3 -102 - 3 - l - 16 +113 +2 ,754 227 - 103 + 19 + 214 - 676 +2 ,434 42,366 1,008 901 156 400 616 45,447 18,542 3,660 22,202 22,030 172 - 3 -163 -166 + 87 -253 + + + + - 18,129 4,002 -r 525 310 835 965 130 22,131 21,965 166 On June 8, I966, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,637 million, a decrease of $31 million for the week and a decrease of $16 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) June 8, A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U . S . Government securities Total loans and securities Cash items in process of collection Bank premises , Other assets 3J TOTAL ASSETS L I A B I L I T I E S Federal~Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L Capital paid-in Surplus A C C O U N T S ~ ~ Change since. June 1, June 9, 1966 1266 1965 11*351 1*733 13,084 - 11 + 3 - 8 -1,117 + 182 - 935 (817) 233 993 + 7 +609 + 117 + ^75 83 131 + ko + 36 + 112 9,910 12 25,236 6,384 W^2 +156 +2,285 + 12 + 16 + 31 +203 - k9k 4l,5j+2 42,7^9 +203 (1,476) 6,208 103 795 (2,293) 63,172 - 32 +TO + 23 22 +1*299 +3,102 - 101 +3,001 +3,628 + 522 + 1 + U62 +3,795 +166 +2,468 18,129 901 156 400 19*586 +5^7 + k6 + 2k - ?>k + 918 80 (1,^76) 4,809 224 (2,293) 6l,882 + 50 + 8 +807 (817) 37,263 +583 56l 551 Other capital accounts 178 TOTAL LIABILITIES AND CAPITAL ACC0UNTS(2,293) 63,172 + 31 +838 + Ik + 229 +1,081 + kk9 - 275 +3,723 + + 21 27 + 2k +3,795 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 3^-^ -•!$ " 5*3$ Contingent liability on acceptances purchased for foreign correspondents 193 + 26 + 3U * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. I/Includes assets denominated in foreign currencies and IMF gold deposited. 2/Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AMD SECURITIES, JUNE 8, 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 Changes Discounts and advances Acceptances Holdings during week 1,200 Within 15 days 976 l57 + w +172 10,256 16 days to 90 days 17 67 -100 1^,737 91 days to 1 year *"* + U5 13,657 Over 1 year to 5 years + 2 1,307 Over 5 years to 10 years _385 Over 10 years — -Ui, 51*2 +203 Total 993 2lE ** Less than $500,000. H.4.l(b) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 8, 1966 Total Boston New York St. Rich- Atlanta Chicago mond j of dollars) millions (RT Philadelphia Cleveland 987 146 l,l6l 1,133 1,299 Louis Minneapolis Kansas Dallas City San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 11,351 1,733 13,084 700 102 802 2,233 2,652 601 93 694 817 233 57 13 203 28 53 11 65 3^ Discounts and advances 993 Acceptances: Bought outright 83 Held under repurchase agreements 131 U. S. Government securities: Bought outright-Bills 9,910 Certificates 12 Notes 25,236 Bonds 6,384 Total 41,542 -Held under repurchase agreements 92 211 66 --. 83 131 2,459 F. R. notes of other Banks Other cash r 496 1 419 3 1,262 6,262 1,584 319 2,078 10,308 402 671 1,933 ^.14 2,247 464 267 491 439 1,925 82 15 87 18 72 38 35 16 22 6 33 11 47 14 61 29 28 44 50 253 30 17 73 45 84 — -- — -- ---. -_ -- -- __ --. —— --. —— —— 522 l 807 1 694 1 573 l 1,696 369 209 378 383 # # # * 2,055 1,768 1,458 520 447 963 244 976 247 3,37^ 3,383 2,910 1,585 1,606 5,553 -- -- -._ 1,328 32i_ 2,187 -- -- -- 138 „ 573 28_ 62_ 2 423 234 68_ ?? 940 532 238 _ 1 3 5 _ 876 1,547 4,318 369 _ 1,092 7,108 2,401 -- -- -- -- m 381 58_ 1,723 202 — m. 1,324 2 853 Total U. S. Government securities 4i,542 2,078 10,306 2,187 3,383 2,910 2,401 7,108 1,547 876 1,585 l,6c6 5,553 Total loans and securities 42,749 2,170 10,733 2,253 3,411 2,954 2,451 7,361 1,577 893 1,658 1,651 5,637 7,684 1,312 542 5 53 629 5 35 626 20 385 8 261 3 15 512 9 341 470 3 33 1,282 103 795 494 3 29 27 402 10 31 769 10 81 65,465 3,568 15,278 3,517 5,243 5,019 1,467 2,739 2,594 8,512 Cash items in process of collection Bank premises. Other assetsi/ TOTAL ASSETS _ 1/ Includes assets denominated in i'oreign currencies and IMF gold depositee 3JL_ 20 92 22_ 3,909 11,112 2,507 7 _ • Less than $500,000" H.U.l(c) STATEMENT OF CONDITION OF EACH FEDEEAL RESERVE B A M ON JUNE 8, 1966 Total Boston New York Philadelphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Minne- Kansas apolis City Dallas San Francisco (In millions; of dollars) L I A B I L I T I E S Federal Beserve notes Deposits: Member "bank reserves U.S. Treasurer--general account Foreign Other Total deposits Cleve- RichSt. Atlanta Chicago land mond Louis 38,080 2,289 8,628 2,235 3,191 3 Ml 2,201 6,901 1,^35 719 18,129 901 156 686 46 7 4,735 92 1/^9 2/321 5,197 73^ 68 8 1,3^2 80 13 879 109 7 6 1,001 1,052 59 9 3 1,123 2,809 102 21 2 2,934 646 62 5 1 714 445 38 4 517 495 1,049 4oo • * 19,586 739 6,285 466 224 64,175 56l 551 178 * 810 1,435 485 1,218 ^,397 487 787 65 6 3 861" 896 67 8 4 975 3,118 113 19 60 3,310 306 225 364 320 606 38 13 3,832 10,922 8 2,463 6 1,^37 9 2,683 9 2,522 29 8,3^2 73 72 25 • * 1,449 i,c6o 392 11 3,505 57 14,9^2 11 3,^8 27 27 9 146 144 46 30 30 9 50 50 14 29 28 12 3^ 33 10 81 79 30 19 19 6 14 13 3 25 24 7 33 32 7 65,^65 | 3,568 15,278 3,517 5,243 5,019 3,909 11,112 2,507 1,^67 2,739 2,59*1 8,512 . 17 10 12 28 11 25._ 18 15 5,129 T,950 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orre spondent s F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 193 9 3/51 10___ FEDEEAL RESERVE AGENT'S ACCOUNTS 7,222 1,515 3,574 3,^36 2,369 5_ _JL_ 760 1,53^ 1,317 4,662 127 225 180 735 6,300 315 29 1,310 645 1,350 1,180 4,300 7,400 1,65k 772 1,575 1,360 5,035 40,244 2,396 9,136 2,323 6,613 51 500 1,000 600 906 425 1,100 3M29 1,906 8,300 500 22 1,900 2,950 2,713 1,975 41,493 2,4o6 9,300 2,422 3,550 3,619 2,400 1/ After deducting $107 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 3/ After deducting $l42 million participations of other Federal Reserve Banks. 7__ * Less than $500,000.
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