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O* G °V'^. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release Mar. 31, 1966 The average of daily figures of total member bank reserves held during the week ended March 30 decreased a net of $228 million to $22,166 million. Estimated currency and coin of member banks increased $112 million and their Reserve balances at the Federal Reserve Banks decreased $3^0 million. Estimated required reserves decreased $13*+ million; and estimated excess reserves decreased $9^ million to $279 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $229 million, the same as the revised net borrowed figure of $229 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $3^+6 million in Federal Reserve float, $9^ million in member bank borrowings, and $72 million in gold stock,and increases of $73 million in Treasury cash holdings, $73 million in "other" deposits with Federal Reserve Banks, and $5^4- million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $194 million in U. S. Government securities bought outright, and decreases of $111 million in currency in circulation and $69 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $277 million. As of Wednesday, March 30, holdings of U. S. Government securities bought outright were $3^ million lower than a week earlier and member bank borrowings were $100 million lower. Member bank reserves, Reserve Bank credit, and related items 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. 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) Average;s of daily figures Week ended Change from week ended Wednesday, Mar. 30, Mar. 30, Mar. 23, Mar. 3 1 , 1966 1966 1966 1965 (In nlillions of clollars) 4o,505 +194 -- -- 77 65 — - 29 508 20 - 9h l,74l 42,916 13,632 5,734 62,282 -346 -277 - 72 + 25 -324 4i, 348 43,965 -111 + 73 + 54 - 5 + 73 - 69 + 15 18,316 3,850 22,166 21,887 -3^0 +112 -228 -13^ 936 560 135 376 610 279 - l - 9I4. +3,io4 18 40,496 23 28 76 54 + 21 + 5 + 365 ,-3>72 - 930 + 337 +2,879 579 20 +2,634 + 190 - 338 11 + 195 - 265 +2,405 + 473 + 327 + 800 + 887 87 1,388 42,613 13,634 5,736 61,983 41,435 940 546 142 371 6C8 44,042 17,941 4,131 22,072 21,953 119 On March 30, 1966, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,638 million, & decrease of $75 million for the week and a decrease of $103 million from the comparable date a http://fraser.stlouisfed.org/ vpfl.r a.ffo. Federal Reserve Bank of St. Louis H.4*1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Mar. 30, 1966 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds T o t a l bought o u t r i g h t Held under repurchase agreements Total U. s. Government securities Total loans and securities Cash items in process of collection Bank premises . Other assets i/ TOTAL ASSETS LIABILITIES Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L Capital paid in Surplus (997) Change since Mar. 23, Mar. 31, 1966 1965 11,491 1,713 13,204 - 6l + 1 - 60 -1,255 + 166 -1,089 210 599 +8 -ICO + 66 + 475 76 54 — "99 + 2 1 - 34 - 3^ -— — - 34 +2,l6l + 12 - 780 +1,643 +3,036 8,987 12 24,926 6,571 40,496 — 40,496 41,225 (1,748) 6,206 102 725 (2,7^5) 61,672 -- 34 -233 -765 - 131 +2,905 +3,367 + 829 +79 ^971 - 12 +3A5T (997) 36,419 - 42 +2,4l6 17,94l 546 142 371 19,000 (1,748) 4,8l8 195 (2,745) 60,432 -758 +113 +6 + 50 -589 -370 + 2 ^999 + 664 - 321 - 20 + 175 + W)8 + 555 - 372 +3,097 + 1 „ + ACCOUNTS 560 55! + 2 4 27 Other capital accounts 129 +27 + 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,745) 517672 ^971 +3,161 Ratio of gold certificate reserves to F. R. note ~ liability (computed from figures as shown on the following pages—not consolidated) 35-3$ -.1$ - 6.0$> Contingent liability on acceptances purchased for foreign correspondents 129 — 5 * Figures in parentheses are the eliminations made in the consolidating process; / see comparable figures on combined basis on the following pages, -^Includes assets denominated in foreign currencies and IMF gold deposited. -' Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 30, 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 Holdings during week advances Acceptances Within 15 days 578 66 T06 -109 16 days to 90 days 21 64 +5^0 10,991 91 days to 1 year 13,836 -kG5 Over 1 year to 5 years — 13,273 Over 5 years to 10 years -1,305 Over 10 years -385 Total 599 I30 ^0,496 ^35 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OR MARCH 30, 1966 H. 4.1(h) Total Boston New York Philadelphia Cleve- Rich- Atlanta Chicago mond land (In millions; of dollars) St. Louis Minneapolis r San Kansas Dallas ) FranCity 1cisco A S S E T S 11,491 1,713 13,204 704 98 802 2,545 407 2,952 612 92 704 978 144 1,122 1,145 139 1,284 452 101 553 1,960 313 2,273 363 63 426 233 31 264 431 67 498 465 57 522 1,603 201 1,804 997 210 64 15 246 29 64 11 91 24 82 14 126 23 83 31 43 13 22 6 34 9 61 10 81 25 Discounts and advances 599 Acceptances: Bought outright 76 Held under repurchase agreements 54 U. S. Government securities: Bought outright-Bills 8,987 12 Certificates 24,926 Notes Bonds 6,571 Total 4o,496 -Held under repurchase agreements 39 206 12 10 33 16 190 33 9 36 12 3 " 76 54 -" -- -- -- --- --- --- 2,239 326 177 343 337 * # * * l,24l 2 3,442 907 5,592 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash 467 l 1,295 342 2,105 3 6,211 1,637 10,090 473 1 1,311 346 2,131 742 1 2,059 543 3,345 612 l 1,700 448 2,76l 510 1 1,415 373. 2,299 -- __ -- -- -- -- 1,520 2 4,217 1,112 6,851 903 238 1,467 " " 491 129 797 950 250 1,543 -- " 932 246 1,515 " -- Total U. S. Government securities 40.496 2,105 10,090 2,131 3,345 2,761 2,299 6,851 1,467 797 1,543 1,515 5,592 Total loans and securities 41,225 2,l44 10,426 2,143 3,355 2,794 2,315 7, oia 1,500 806 1,579 1,527 5,595 7,954 102 725 517 3 27 1,591 9 307 474 3 30 566 5 48 598 5 35 649 20 32 1,328 20 86 366 7 20 246 3 12 475 7 25 400 10 26 744 10 77 64,417 3,572 15,560 3,429 5,211 4,812 3,718 10,862 2,375 1,359 2,627 2,556 8,336 Cash items in process of collection Bank premises . Other assets i/ TOTAL ASSETS 1/ Includes assets denominated in foreign currencies and IMF gold deposited. * Less than $500,000. STATEMENT OF.CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 30, 1966 H. 4.1(c) L I A B I L I T I E Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES San Francisco 697 1,404 1,181 4,287 586 34 5 l 383 29 3 * 920 44 8 1 626 753 39 6 2 415 800 973 3,108 48 18 SI 3,225 1,089 283 213 361 325 63O 10 3,644 31 10,680 7 2,332 5 1,330 8 2,573 7 2,486 8,173 29 28 9 34 33 7 81 79 22 19 19 5 13 13 3 25 24 5 33 32 s 73 72 18 4,812 3,718 10,862 2.T75 Cleveland 8,500 2,202 3,170 3,359 2,160 6,801 1,416 725 20 8 1 1,347 47 13 807 73 7 890 42 9 l 739 5,049 74 1/ 38 2/307 5,468 754 1,407 892 942 2,673 64 20 2 2,759 6,566 524 1,222 397 507 483 532 195 63,177 10 3,512 48 15,238 10 3,363 16 5,ioo 12 4,746 560 551 129 27 27 6 146 144 32 30 30 6 50 50 11 64,4ll._ 3,572 15,560 3,429 5,211 6 i/ 34 Boston 37,416 2,239 17,941 546 142 371 19,000 700 32 7 New York S Federal Reserve notes Deposits: Member hank reserves U.S. Treasurer--general account Foreign Other Total deposits Kansas Dallas City Philadelphia Total •* Rich- Atlanta Chicago mend (In millions; of dollars) St. Louis Minneapolis CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCCUNTS Contingent liability on ac ceptances purchased for fore ign correspondent^ F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 129 7_ 8_ 18 12 L_ 7_ FEDERAL RESERVE AGENT'S ACCOUNTS 3,432 3,523 2,344 7,170 1,498 9,036 2,300 1,000 500 600 888 425 1,100 8,200 1,900 2,950 2,677 1,975 6,400 9,200 2,407 3,550 3,565 2,4oo 7,500 l/ After deducting $104 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 2/ After deducting $ 95 million participations of other Federal Reserve Eanks. 315 32 1,310 1,657 1,35Q ....2.,627 3_ £_ ,2,556 _ 8,336 7_ 1Z 732 1,489 1,279 4,612 127 225 180 735 625 1,300 1,130 4,300 752 1,525 1,310 5,035 * Less than $500,000. „
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