The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
..•iflsafc.. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release March 25, 1965 The average of daily figures of total member "bank reserves held during the week ended March 2k increased $351 million to $21,518 million. Estimated currency and coin of member hanks increased $1 million and their reserve balances at the Federal Reserve Banks increased $350 million. Estimated required reserves increased $214 million. Estimated excess reserves increased $137 million to $if63 million/ and were equal to member bank borrowings at the Federal Reserve Banks; compared with the revised net borrowed figure of §kk million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $1+08 million in Federal Reserve float and $93 million in member bank borrowings, and decreases of $98 million in currency in circulation and $8l million in "other" F. R. accounts (net). The principal offsetting changes were decreases of $179 million in gold stock and $63 million in U. S. Government securities held under repurchase agreements, and an increase of $kk million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $^l6 million. As of Wednesday, March 24, holdings of U. S. Government securities bought outright were $7 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $96 million lower, and member bank borrowings were $150 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) Averages of daily figures Week ended Change from week ended Wednesday, Mar. 25, Mar. 17, Mar. 2k, Mar. 2k, 1964 1965 1965 1965 (In millions of dollars) 37,305 5k 5k k63 19 2,005 39,900 222 + 19 + 32 +4,150 - 900 - 186 +3,065 20 1,368 39,c4o 1^,563 + 7 - 5 - 81 -115 +2,139 + 304 88 20 10 + 30 +2,355 38,753 756 1,002 122 174 904 41,711 +350 + 1 +351 +214 +137 + 710 + 298 +i,oc8 +1,053 45 17,290 3,820 21,110 21,030 80 7516* -179 3,454 21,518 21,055 463 37,301 83 + l&k + 93 + 1 +4c8 - k I8,c6k - 55 7^ 5,393 59,856 38,796 735 956 139 186 980 +k, 004 9 3 - 20 Ik,562 kl,792 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) - 3 - 63 +234 - 98 + 18 + kk 5,398 59,001 Cn March 2*4-, 1965, U. S. Government securities held in custody by the Federal Reserve Bonks for foreign account were $7>91^- million, a decreased of $197 million for the week and a decrease of $^20 million from the comparable date a year ago. H. 4. 1(a) CONSOLIDATED STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS \JJU iUlXXlUUto U± Mar. 24, 1965 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Change since Mar. 25, Mar. 17, 1964 1965 12,721 1,547 (657) 1k$ 242 - 2 + 96 187 + 16 165 «« 55 74 18 7 37,301 96 - 103 +2,842 -3,265 +4,082 + 287 +3,946 28 +3,918 37,672 - +4,114 6,734 7 __ --- 25,704 4,863 37,301 Cash items in process of collection Bank premises Other assets TOTAL ASSETS -1,066 + 144 - 922 -r—5 -& 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 2 6 (1,451) 5,676 7 286 -2,013 + 177 -— 102 706 + l4o (2,108) 5BT573 JH^I + 63 +3,335 (657) 33,965 • 129 +2,442 17,290 1,002 + 679 - 99 187558" - 256 97 27 16 - 396 4,308 -1,666 563 2 (2,108) 577424 -2,193 + 306 + 471 +3,782 C A P I T A L A C C O U N T S Capital paid in 536 Surplus 524 Other capital accounts 89 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,108) 58,573 -- 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 122 174 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1^51) 2 + 22 -2,169 21 + 4 +~563 + - 28 466 8 +3,336 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) - 6.2$ hi, 2$ .lfa Contingent liability on acceptances purchased for foreign correspondents 128 + 8 + 23 * 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, MARCH 2k, I965 (Acceptances and securities held under repurchase agreements are classified as maturing with 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Changes Discounts and during week Acceptances Holdings advances Within 15 days 225 16 days to 90 days IT 91 days to 1 year -« Over 1 year to 5 y irs r Over 5 years to 10 years ears Over 10 years -Total 252 86 h3 -— __ — 129 908 7,462 14,982 12,384 1,259 - 93 + 10 - 20 306 37,301 -103 H. 4.1(b) STATEMENT OF CONDITION OF EACH FEEERAL RESERVE BANK ON MARCH 24, I965 Total I Boston ... New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) A S S E T S Gold certificate account 1 12,721 Redemption fund for F. R. notes 1 1.5^7 L Total gold certificate reserves 1 l¥,268" r 2,865 353 '37218"" 715 86 " 6m"" 54 11 195 33 37 5 50 11 36 11 92 14 Discounts and advances 1 242 \ 7 Acceptances: Bought outright 55 Held under repurchase agreements -74 U. S. Government securities: Bought outright-Bills 356 6,73*1Certificates Notes 25,704 1,359 Bonds 4,863 257 37,301 1,972 Total Held under repurchase agreements 3C 2 4 45 44 55 74 *"""" *-• ~- -- 1,659 366 569 471 373 1,137 263 136 6,335 1,199 9,193 1,398 264 2,028 2,170 411 3,150 1,798 340 2,609 1,422 269 2,064 4,338 821 6,296 1,CC1 189 1,453 F, R. notes of other Banks Other cash i 657 14-9 610 8 T ^97 914 137 1^051 937 129 1,556~" 619 91 710 499 62 "561 268 29 297 528 62 590 547 50 597 1,940 179 2,119 41 23 29 7 11 5 14 7 38 6 60 16 63 3 7 14 3 20 -- -- -- -- 258 257 889 520 98 983 186 754 1,427 983 186 1,426 3,397 643 4,929 2,279 282 2,16T~ — Total U. S. Government securities 37,301 1,972 9,193 2,028 3,150 2,609 2,c64 6,296 1,453 754 1,427 1,426 4,929 Total loans and securities 37,672 1,979 9,352 2,030 3,154 2,654 2,108 6,359 1,456 761 l,44l 1,429 4,949 5C8 3 35 1,322 429 3 38 480 562 5 610 4i 19 4o 1,134 21 107 334 8 179 6 26 225 4 14 458 6 SI 381 11 35 684 10 98 3,287 l4,307 3,343 4,8l4 4,375 3,593 10,246 2,419 1,317 2,547 2,497 7,936 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 7,127 j 1021 706 60,681 6 62 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OK MARGE 24, 1965 Total Boston New York LIABILITIES Federal Reserve notes i 34,622 2,01*8 8,057 leposits: Member "bank reserves 17,290 62k 4,590 U. S. Treasurer-general account ! 1,002 52 108 Foreign 122 6 1/26 Other 171+ * 104 Total deposits 18,588 4,828 682 Deferred availability cash items 5,759 475 973 Other liabilities and accr ued dividends 146 563 27 TOTAL LIABILITIES 59,532 3,232 14,004 CAPITAL ACCOUNTS Capital paid in 142 536 25 -Surplus 524 137 25 Other capital accounts 24 89 5, TOTAL LIABILITIES AMD 60,681 3,287 14,307 CAPITAL ACCOUNTS Contingent liability on ac ceptances purchased for fore ign correspondents 2/34 128i 6 Phila- Cleve- Rich- Atlanta Chicago St. delphia land mond Louis (In millions of dollars) 2,952 2,974 1,983 6,291 1,369 641 1,325 1,071 3,879 749 89 7 2 847 1,223 47 12 1,282 761 91 7 4 863 2,650 108 18 2 2,778 757 57 6 2 822 910 97 8 1 1,016 3,049 14C 1" 55 3,26l 428 449 927 64o 83 4 1 726 263 398 46 3 1 448 370 939 84 8 2 1,033 478 189 325 314 568 31 3,280 50 4,712 30 4,316 32 83 3,526 10,079 20 2,380 13 1,291 25 2,497 31 2,432 75 7,783 48 29 29 47 5__. . , 7 27 26 6 77 75 15 18 18 3 13 12 1 71 70 12 3,343 4,814 4,375 3,593 10,246 2,419 1,317 24 31 31 23 3. 2,547 2,497 7 12 6 18 4 3 6 7 17 * 31 31 5 8 7,936 ACCOUNTS 36,578 2,126 8,559 2,099 3,161 3,101 2,156 6,608 1,445 666 1,362 1,152 4,123 420 1,710 435 500 633 4oo 1,100 290 122 225 180 735 1,765 7,200 1 l,8oo 2,775 2,510 1,850 5,700 1,260 555 1,200 1,050 3,700 38,119 2,185 8,910 2,236 3,275 3,143 2,250 6,800 1,553 677 1,425 1,230 4,435 6,750 4 1/ After deducting $96> million participations of other Federal Reserve Banks, 2/ After deducting $S& million participations of other Federal Reserve Banks, San Francisco 2,032 FEDERAL RESERVE AGENT'S F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral Minne- Kansas Dallas apolis City 3 * Less than $500,000.
@FedFRASER