The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
•&2g&U.: FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release March 17, 1966 The average of daily figures of total member bank reserves held during the week ended March 16 increased a net of $4 million to $22,068 million. Estimated currency and coin of member banks increased $179 million and their reserve balances at the Federal Reserve Banks decreased $175 million. Estimated required reserves increased $70 million; and estimated excess reserves decreased $66 million to $311 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $225 million, compared with the revised net borrowed figure of $237 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $78 million in member bank borrowings, $73 million in U. 3. Government securities bought outright, and $38 million in Federal Reserve float, and increases of $l6l million in currency in circulation and $23 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $^7 million in U. S. Government securities held under repurchase agreements and decreases of $83 million in Treasury deposits with Federal Reserve Banks and $55 million in other F. R. accounts (net). Total Reserve Bank credit decreased $139 million. As of bought outright securities held bank borrowings Wednesday, March l6, holdings of U. S. Government securities were $12 million higher than a week earlier, U. S. Government under repurchase agreements were $^9 million higher, and member were $372 million lower. 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 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 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, Mar. l6, Mar. 17, Mar. 16, Mar. 9, 1966 1966 1966 1965 (In millions of dollars) - 73 + 47 +3,0*4 16 1+0,362 49 + + + 21 3 155 + 8 -130 + 166 + 2 + 144 +3,364 -1,008 + 288 +2,644 114 20 1,746 1+2,522 13,73^ 5,703 61,959 +2,586 + 105 - 566 + 48 + 56 - 248 +1,981 4l,544 43,888 +161 - 7 - 83 + 23 + 6 - 55 + 45 18,378 3.690 22,068 21,757 -175 +179 + 4 + 70 18,198 4,064 22,262 22,233 311 - 66 + + + + - ^0,352 ^7 75 77 536 20 42,848 13,733 5,685 62,266 4i,48o 822 346 180 247 813 2 2 - 78 - 38 -139 664 236 900 9l4 14 16 817 227 146 271 756 43,761 On March 16, 1966, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,794 million, a decrease of $8 million for the week and a decrease of $317 million from the comparable date a vear ago. 29 H.4.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS Mar. 16, 1966 • A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 11,716 1,713 13,^29 (9k) 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 =J TOTAL ASSETS 198 131* + • - 9 4 5 -1,007 + 160 - 847 3 372 + 47 - 273 3 82 + + 8,909 1 24,891 6,561 40,362 49 ^07411 40,776 f 12 +2,168 + 1 - 813 +1,698 +3,054 47 +3,007 _-— + 12 + 49 + -%1 - "225 21 63 +27BI5 +1,915 + + 21 +1,712 46 +270BH + 31 +2,457 18,198 227 146 271 18,8^*2 + 510 - 224 36 + 19 + "2o*9 + 652 - 872 3 + 81 - 14*2 (1,967) 6,059 +1,487 2 +1,785 + 85 - 372 +2,028 1 + 24 + ZJ + 9 +2,088 193 (2,909) 61,645 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - + + (942) 36,551 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + 76 155 (1,967) 7,805 102 520 (2,909) 62,830 L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer—general account Foreign. Other £/ Total deposits Change since Mar• 9, Mar. 17, 1966 1965 558 551 76 (2,909) 627830 116 *»• — 74 +1,712 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 35. - 5-: Contingent liability on acceptances purchased for foreign correspondents 127 8 + 7 * 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* £/Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH l6. 1966 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) 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 Discounts and advances 123 11 #* — -— 135 Acceptances —m— 65 -— --- 231 U. So Government securities •Changes during week Holdings 904 + 72 10,374 + 3 14,179 - 15 13,264 +145 -Ikh 1,305 385 +~oT 40,411 H.4.l(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH l6, 1966 Total Boston New York Philadelphia CIeve- RichAtlanta Chicago land mond (In millions; of dollars) St. Louis San Kansas FranDallas City i cisco Minneapolis 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 Other cash 11,716 1,713 13,429 622 98 720 2,773 409 3,182 612 92 704 1,051 145 1,196 1,130 i4o 1,270 524 96 620 2,152 314 2,466 392 64 456 219 31 250 430 9U2 198 53 24l 29 57 9 85 18 83 lit- 114 23 84 28 35 12 10 6 11 71 29 n 76 155 -- -- -• -- 2,220 2/1 6,202 1.634 10,057 49 468 736 607 505 1,507 * * * * •7 Discounts and advances' 13U Acceptances: Bought outright 76 Held under repurchase agreements 155 U. S. Government securities: Bought outright-Bills 463 i 8,909 # Certificates 1 Notes 24,891 1,294 Bonds 341 6.56l Total ko,362 2,098 -Held under repurchase agreements 49_ 14 •- * 496 451 57 508 1,360 201 l,56l 21 6 31 9 65 10 73 26 r 29 12 ), -- -- 66 322 176 34c 334 * * # -* 1,310 ^45 2,123 2,056 542 3,334 1,697 448 2,752 1,413 373 2,291 4,211 1.110 6,828 902 2^8 1,462 490 129 795 -- -- -- -~ -_^ -- -- 948 250 1,538 " 1,231 * 931 245 1,510 3,437 906 -- -- 5,574 Total U. S. Government securities ko. 4 n 2, 098 10.106 2.123 3.334 2.752 -EJSSJL. 6.828 1,462 795 . 1,538. 1.510 5.574 Total loans and securities ko,776 2,105 10,347 2,129 3,345 2,759 2,298 6,857 1A69 8CC 1,567 1,522 5,578 9,772 102 520 601 3 24 1,817 9 163 566 3 27 735 5 4i 746 5 29 782 20 28 1,729 20 73 295 3 10 597 7 21 483 10 22 960 10 65 65,739 3,520 15,788 3,495 5,425 4,906 3,885 11,257 1,385 2,728 2,620 8,273 Cash items in process of collection Bank premises Other assets i/ TOTAL ASSETS l/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Rounding adjustment. 46i 7 17_ 2,457 * Less than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 16, 1966 Total Boston New York Phila- Cleve- Rich- Atlanta Chicago St. Louis delphia land mond (In millions; of dollars) Minne- Kansas Dallas apolis City San Francisco 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 37,493 2,234 18,198 227 146 271_ 18,842 634 2 7 1 644 8,026 576 193 64,554 8,494 2,203 3,183 3,362 5,086 191 1,425 2 13 7 1,447 673 2/189 5,505 1,431 725 3 8 1 737 482 10 5.2_ 9 3,463 15,482 3,432 6,819 1,423 697 1,409 1,182 4,316 840 2 7 7 856 997 2,775 2 3 9 21 2 1 1,010 2,800 618 3 5 1 627 395 2 4 401 799 3 6 3 811 952 2 8 1 963 2,952 12 19 58 3,041 613 622 1,435 359 255 445 399 736 11 7 3k_ 3,814 11,085 2,4l6 4 1,357 8 2,552 25 8,118 16 13 5,319 4,844 2,171 * I_ 2,672 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability cn acceptances purchased for foreign c orre spondent s 558 551 76 _6^I32_ 127 30 30 3 50 50 6 29 28 5 3,520 15,788 3^95 5,425 4,906 27 27 3 6 145 144 17 V 33 J_ 11 I_ 34 33 4 80 79 13 19 19 3 13 13 2 25 24 7 33 32 3 73 72 10 3; 885 11,257 2^57 1.385 2,728 2,620 8,273 18 4 6 7 1? 731 1,490 1,281 4,600 127 225 180 735 625 1,300 1.1^0 4.-^00 752 1,525 1,310 5,035 8 FEDERAL RESERVE AGENT'S ACCOUNTS 2,346 7,205 1,508 3,439 3,531 F-. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U- S. Government securities 2,348 8,999 2,285 440 1,000 600 888 500 1,100 315 1.94S 8.200 500 3 1,900 2.950 2.677 1.900 6,400 Total collateral 2,385 9,200 2,403 3,550 3,565 2,400 7,500 6 1,310 1,631 1/ After deducting $107million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. 1/ After deducting $ 94million participations of ether Federal Reserve Banks. 3_ * Less than $500,000.
@FedFRASER