The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
;b*GovA' FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.l" For immediate release March 18, 19&5 The average of daily figures of total member hank reserves held during the week ended March IT increased a net of $100 million to $21,16"3 million. Estimated currency and coin of member banks increased $230 million and their reserve balances at the Federal Reserve Banks decreased $130 million. Estimated required reserves increased $142 million; and estimated excess reserves decreased $42 million to $324 million. Member bank borrowings at the Federal Reserve Eanks exceeded excess reserves by $46 million, compared with the revised figure of $19 million the week before. The principal changes reducing average reserve balances with Federal Reserve Eanks were decreases of $72 million in gold stock, $45 million in U. S. Government securities held under repurchase agreements, and $27 million in Federal Reserve float, and increases of $138 million in currency in circulation and $106 million in Treasury deposits with Federal Reserve Eanks. The principal offsetting changes were an increase of $97 million in U. S. Government securities bought outright and a decrease of $l4l million in "other" F. R. accounts (net). Total Reserve Bank credit increased $9 million. As of Wednesday, March 17, holdings of U. S. Government securities bought outright were $97 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $34 million higher, and member bank borrowings were $50 million lower. Outright holdings of bills, notes, and bonds increased $73 million, $7 million, and $17 million, respectively. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Wednesday, Mar. 18, Mar. 17, Mar. 17, Mar. 10, 1065 1964, 1265. J3&5 "(in millions of dollars") Reserve Bank credit: U. S. Government securitiesBought 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. Eanks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Eanks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 37,308 63 + 97 +4,113 - 45 - 12 37,308 96 54 74 - 1 + 23 t- 8 4i 55 92 370 18 li597 - 15 - 23 + + 12 18 + + - - 161 +4,004 - 722 - 179 +3,103 372 35 1,715 39,673 14,563 5,404 59,640 38,899 734 1,099 149 190 1,022 42,093 ~39,IT84~ 14,741 5,397 59,622 27 9 72 3 60 38,894 717 912 132 191 l,c6l 517907" +138 + 2 +1C6 - 18 -141 + 70 +2,202 + 273 + 15 12 9 + 56 17,714 3,449 21,163 20,839 324 -130 +230 +100 +142 - 42 + 577 + 373 + 950 +1,001 51 - 18 +2,525 17,5^6 3,71+ 2l72o0 21,125 135 On March 17, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,111 million, a decrease of $70 million for the week and a decrease of $436 million from the comparable date a year ago. -T.''j.;(a,> CCNt-CLIMATED STATEMENT OF CCNIJITIOW OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) ASSETS Sold 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 IT. 3. 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 E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other Total deposits referred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL L I A B I L I T I E S C A P I T A L Mar. 17, 1965 12,723 1,553 14,276 (620) 151 407 Change since Mar. 10, Mar. 18, 1964 1965 -1,051 - 263 + 153 + 11 - 252 - £98 1 30 - 94 - $k6 7 55 55 92 32 6,7*1 73 25,704 „ 4,863 37^ 3CP 9^ 37.4C4 + 7 ^ + 17 + 97 + 34 + 131 +2,987 -3,265 +4,083 + 308 +4,113 44 +4, ChO 37;95? (l,664) 7,689 102 ^66 (2,284) 60,742 + 133 +2,34l -+ 63 +2,284 +3;571 + ^19 1 25 +2,972 (620) 34,094 7 +2,5^6 17,546 1,099 l49 190 ISTW? (1,664) 5,974 565 + 296 + 227 2 4 + + 517 J^-1,868 -l.,868 ko 40 - 56 - 34 + 17 2^ - !<*> + 5C5 + 472 ( 2 , 2 8 4 ) 59,6L7 +2,352 +37^23 A C C O U N T S Capital paid in 534 2 + 26 Surplus 524 -- 46o Other capital accounts 67 70 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,284) 60,742 +2,284 +2,972 Ratio of gold certificate reserves to P- R. note liability (computed from figures as shown on the following pages--not consolidated) 4l.l$ .7$ - 6.2$ Contingent liability on acceptances purchased for foreign correspondents 120 + 1 + 2 0 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis cn the following pages. , MATURITY DISTRIBUTION OF LOANS AKP SECURITIES, MARCH 17, 1965 (Acceptances and securities held uiuter repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Changes Pi Jsccunts and during week Holding? Acceptances advances +164 1,001 Within 15 days 102 391 16 7,452 l6 days to 90 days -l& 45 ** -91 days to 1 year 15,002 + 77 --Over 1 year to 5 years 12,384 +585 --Over 5 years to 10 years 1,259 -561 ---Over 10 years 306 37,404 147 Total +131 407 ** Less than $500,000. H. 4.1(b) STATEMENT CF CCKIITIOK OF EACH FEIERAL RESERVE EAMK CK MARCH 17, 1965 Total Boston New York Philadelphia Cleveland Richmond St. Atlanta Chicago Minne-j Kansas Lcuis 1 apolis| City ] Dallas Can Francisco (In millions5 of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total geld certificate reserves 629 86 717 2,816 355 3A71 701 85 786 963 138 1,101 975 130 1,105 619 92 711 2,431 283 2,714 520 62 582 258 29 287 588 62 65O 474 50 524 1,749 17? 1,928 620 151 56 12 186 34 38 4 46 12 34 11 86 13 41 12 5 12 7 34 23 2b 7 49 18 risecunts and advances 407 Acceptances: Bought outright 55 Held under repurchase agreements 92 U. S. Government securities: Bought outright-Bills 6,7M -Certificates Notes 25,704 Bonds 4,863 Total 37,3C8 Held under repurchase agreements 96 20 2CC h 21 16 45 63 6 28 -- -- -- -- -- -- 1,138 258 257 F. R. notes of other Banks Cther cash 12,723 _LL553L ih,2i6 — — 55 92 35T 1,661 367 569 472 373 263 136 --. -- -- -_ -- -- _-. -- -- 1,359 257 1,973 6,335 1,199 9,195 96 1,398 264 2,029 2,170 411 3,150 1,798 340 2,610 1,422 4,338 821 6,297 1,001 189 1,453 520 98 754 — 269 2,c64 983 186 1,427 5 89c --. -- 983 186 3,397 643 4,930 1,426 __ -- Total U. S- Government securities 37,404 1,973 9,291 2,029 1,150 2.610 2.C64 6,297 1,451 754 1.427 1,426 4,910.. Total loans and securities 37,958 1,993 9,638 2,033 3,171 2,626 2,109 6,360 1,453 756 1,433 1,454 4,932 9,353 102 566 591 3 28 2,044 8 143 577 3 30 730 6 48 707 5 34 779 19 32 1,472 21 86 4ll 6 21 264 4 12 480 6 26 412 11 27 886 IC 79 Cash items in process of collection Bank prem:' ses Other asse~s TCTAL ASSETS * Less than $500,000. 63,026 ; 3,400 15,224 3,471 5,n4 4,522 3,749 10,717 2,506 1,340 2,6l4 2,467 1,9C2 H-4.l(c) STATEMENT OF CONDITION OF EACH FEIERAL RESERVE BANK ON MARCH 17, 1965 r Boston Total New York Philadelphia Cleveland i Referred availability cash items Other liabilities and accnled dividends TOTAL LIABILITIES Contingent liability en ace.eptances purchased for forei.gn correspondents Minneapolis Kansas Dallas City San Francisco i 3^,7i4 2,054 8,078 2,032 2,961 2,975 1,997 6,295 1,375 641 1,334 1,073 3,699 17,5^6 655 hi 4,672 248 1/46 103 5,069 780 816 74 685 52 5 390 45 3 3,014 742 44o 789 63 6 3 8el 897 44 8 l 950 2,898 6 903 951 100 8 1 1,060 2,766 223 20 5 84 3 1,247 83 13 1 1,344 1,634 503 659 557 593 1,162 330 220 346 349 148 . 27 3,346 14,929 31 3,4cr9 50 5,014 30 4,465 83 21_. 3,683 10,554 20 13_ 1,314 24 2,565 3i_ 2,403 75 7,752 l4c 137 18 29 29 4 48 47 5 27 26 13 12 1 24 23 2 31 31 2 71 70 9 1,34-0 2,6l4 4 3 5 1 1,099 149 190 18,984 6 l 7C9~" 7,638 556 565 61,901 55 8 7 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AWL CAPITAL ACCOUNTS St. Louis Atlanta Chicago millions3 of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer-general aci count Foreign Cther Total deposits Richmond 25 25 4 67 Sh.^ __3,.M__ lg,224 k „3,4_7i___ JbiiiL. 4,522 31 31 4 9 ~27W~ 77 75 11 18 18 J _3>li9_ 10,717 19 67 3,049 7,902 1 120J 6 2/31 7 11 6 7 17 7 16 FEIERAL RESERVE AGEKT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Geld certificate account Eligible paper U. 3. Government securities Total collateral 2,133 8,565 2,106 3,174 3,098 2,165 6,630 1,453 662 1,385 1,157 4,129 420 6,745 3 31,365 1,765 1,710 435 500 633 400 1,100 225 180 735 7,200 2,775 2,510 1,850 5,700 290 * 1,260 117 3 i,8co 555 1,200 1.050 3,700 ... 2,185 8,910 2,238 3,275 3,l43 2,250 6,800 1,550 672 1,425 1,23c 4,435 36,657 38,113 y Ai.er deducting $103 million participations of other Federal Reserve Banks. 2/ After deducting $ 89 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER