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FEDERAL
m
RESERVE
h! h~ *
Factors Affecting Bank Reserves and
Condition Statement of F.R. Banks
For immediate release
May 20, 1965
H.4.1
The average of daily figures of total member hank reserves held during
the week ended May 19 decreased a net of $21 million to $21,^3 million. Estimated currency and coin of member banks increased $16? million and their reserve
balances at the Federal Reserve Banks decreased $lP8 million. Estimated required
reserves decreased $3 million; and estimated excess reserves decreased $18 million
to $329 million. Member bank borrowings at the Federal Reserve Banks exceeded
excess reserves by $171 million, compared with the revised net borrowed figure
of $151 million the week before.
The principal changes reducing average reserve balances with Federal
Reserve Banks were decreases of $328 million in U. S. Government securities held
under repurchase agreements and $4-2 million in gold stock, and increases of
$6^ million in "other" F. R. accounts (net), $5C million in Treasury deposits
with Federal Reserve Banks, and $2^4- million in currency in circulation. The
principal offsetting change was an increase of $358 million in Federal Reserve
float. Total Reserve Bank credit increased $1 million*
As of Wednesday, Kay 19, holdings of U. 3. Government securities held
under repurchase agreements were $290 million lower, and member bank borrowings
were $26^ million higher.
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
Cther P. 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,
May 19,
May 20,
May 12,
May 19,
1965
1964
1965
1965
("in millions of dollars)
37,5^6
251
37,5^6
297
- 19
-328
+3,^31
+ 263
52
9
- 1
- 9
+
2
9
50
20
500
15
+ 2
- l
+358
+ 1
- 42
+ 8
- 33
+ 202
+ 15
- 149
+4,154
-l,109
- 166
+2,879
382
1?
1,590
39,854
14,353
5,409
59,616
+
+
+
+
+
39,103
77o
937
155
170
l,eS3
42,224
17,392
3,792
21,185
21,198
-Ik
1,915
40,333
l5, 353
5,407
So", 093
39,09?
762
i,c6o
138
186
885
42,126
24
18
50
4
5
64
^15%
+1,9kl
+ 335
+ 50
5
+
8
- 310
+2,019
17,966
3,577
21,443
21, ll4
329
-188
+167
- 21
- 3
- 13
+ 859
+ 280
+1,139
+1,218
- 79
Cn May 19, 1965, U. G. Government securities held in custody by the
Federal Reserve Banks for foreign account were $7,791 million, an increase of
$177 million for the week and a decrease cf $120 million from the comparable
date a year ago.
HA.l(a)
(TNSCLITATED SIATEM2NI OF C0HDI2ICN
CF TEE TWELVE FEDERAL £S3EKVE BANKS
(in millions of dollars)
A S S E T S
Gold certificate account
Redemption fund for F. R. notes
Total geld certificate reserves
Cash
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreements
TJ. S. Government securities:
Bought outright-Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreements
Total U. S. Government securities
Total loans and securities
Change since
May 12,
May 20,
1965
19^
—
•
- 8
-1,238
+ 6
+ 130
- 2
-1,105
+ 1
- 36
+259
- 133
May 19;
1965
"
12,526
1,5^7
1^,073
(581)
121
397
50
2 0
6,927
25,691
4,928
37,546
251
37,797
38,264
+
- 2
9
—
--—
+
1
2
+2,701
+ 8o4
+ 281
+3,786
+ 187
+3,973
+3,839
+ 376
1
+ 93
Cash- items in process of collection
Bank premises
Other assets
TOTAL ASSETS
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member bank reserves
U. S. Treasurer--general account
Foreign
Other
Total_deposit s
(1,655) 6,464
-290
-290
- 24
+ 86
102
446
(2,236) 59T5TQ
-319
-258
(581) 34,311
- 50
+2,413
17,392
937
155
170
+
+
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
(1,655) 4,874
487
(2,236) 58,326
+ 18
-143
+ 35
- 4
T-94-146
+ 5
-2b5
---
+
C A P I T A L
A C C O U N T S
Capital paid in
539
524
Surplus
81
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,236) 59,470
--
+ 27
-258
+17I61
461
135
7
--
+ 333
+ 486
+ 379
+3,611
27
- 466
0
+3,163
Ratio of gold certificate reserves to
F. R. note liability (computed from
figures as shown on the following
pages--not consolidated)
40.3$
- 6.6)
Contingent liability on acceptances purchased
for foreign correspondents
150
+ 5
+
(
* Figures in parentheses are the eliminations made in the consolidating process;
see cemparable figures on combined basis on the following pages,
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 19. 196$
(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
Dif3counts and
advance>S
Acceptances
Holdings
during week
1,282
Within 15 days
-4,344
378
33
+3,824
3-6 days to 90 days
7,226
19
37
„
.-.
91 days to 1 year
17,793
+2,751
--2,521
—
Over 1 year to 5 years
9; 888
.-Over 5 years to 10 years
1,292
-—
Over 10 years
316
- 290
Total
397
70
37,797
E.4.l(b)
STATEMENT CF COKLITION OF EACH FEDERAL RESERVE BANK CN MAY 19, 1965
Total 1 Boston
New
York
Philadelphia
Cleveland
Richmond
Atlanta Chicago
St.
Lcuis
Minneapolis
Kansas
Dallas
City
Pi.
ciscc
(In millions of dollars)
,
A S S E T S
12,526
1,547
2,945
14,073
8C0
90
890
F. R. notes of other Banks
Other cash
581
121
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreements
U. S. Government securities:
Bought outright —
Bills
Certificates
Notes
Bonds
Total
Held under repurchase agreements
39T
Gold certificate aecount
Redemption fund for P. R- notes
Total gold certificate reserves
251
Total U. S. Government securities
538
212
481
90
798
285
2,577
61
599
30
252~
61
51+2~
36T"
42
9
71
9
43
24
21
7
11
5
18
6
31
5
44
11
2
14
45
79
8
13
56
45
66
---
—
--
-—
—
--
—
--
—
--
—
—
—
--
---
--
360
554
454
367 1,161
253
145
273
296
976
—
1,33^
-2,053
--
—
-1,099
-3,619
256
394
194
211
694
1,950
540
io4
789
—
1,013
--
1,480
--
1,606
__
5,289
-•
1,171
3,291
1,306
1,102
131
1,233
47
9
178
24
33
4
42
8
14
48
7
50
20
1,743
-6,462
1,239
9,444
50'
201
6,927
—
25,691
4,928
37,546
708 2,292
815
86
901
345
1,279
2^5
—
346
251
135
—
1,685
—
1,362
—
4,308
323
261
827
937
180
3,C01
-_
2,462
—
1,990
--
6,296
--
1,370
--
312
1,150
51
181
1,331
37,797
1,869
9,695
1,950
3,001
2,462
1,990
6,296
1,370
789
1,480
1,606
5,289__..
Total loans and securities
i 38,264
1,883
9,813
1,957
3,003
2,476
2,035
6,375
1,378
802
1,536
1,651
5,355
Cash items in process of
collection
Bank premises
Other assets
1
I
8,119
1021
569
1,417
3
446
21
8
117
496
3
23
593
6
35
631
5
25
684 1,381
20
21
66
25
390
6
16
248
3
9
520
6
22
385
11
23
805
10
64
61,706 ; 3,422
14,848
3,417
4,993
4,421
3,642 10,487
2,417
1,320
2,650
2,469
7,620
TOTAL ASSETS
H. 4.1(c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 19, 1965
Total
New
York
Boston
Philadelphia
Deferred a v a i l a b i l i t y cash i t e m s
Other l i a b i l i t i e s and a c c r u e d
dividends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other c a p i t a l a c c o u n t s
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Contingent l i a b i l i t y on a c c e p t ances p u r c h a s e d f o r f o r e i g n
c orrespendent s
Richmend
A t l a n t a Chicago
Minneapolis
St.
Louis
Kansas
Dallas
City
San
Francisco
( i n m i l l i o n s of d o l l a r s )
L I A B I L I T I E S
F e d e r a l Reserve n o t e s
Deposits:
Member "bank r e s e r v e s
U . S . T r e a s u r e r - g e n e r a l account
Foreign
Other
Total deposits
Cleveland
34,892
2,076
8,033
2,063
2,971
3,007
1,977
6,350
1,371
660
1,3^8
1,084
3,952
it,392
937
155
170
18,654
656
71
7
*
73^
4,896
26l
1/51
102
5,310
767
67
8
1
843
1,272
72
13
1
1,358
760
67
7
958
56
8
837
1,023
2,711
79
20
1
1
2,811
622
72
5
#
699
369
42
3
1
M5
789
68
6
4
867
928
33
8
1
970
2,664
h9
19
55
2,787
6,529
535
1,072
423
521
492
547
1,090
291
207
365
323
663
487
60,562
23
3,368
131
14,5^6
26
3,355
42
4,892
27
^,363
28
3,575
71
10,322
17
2,378
11
1,293
20
2,6CC
26
2,403
65
7,467
539
524
81
25
25
4
142
137
23
29
29
4
48
hi
6
27
26
5
32
31
4
77
75
13
18
18
3
13
12
2
24
23
3
32
31
3
72
70
11
61,706
3,^22
14,848
3,^17
_Jb22i
4,421
3,642
10,487
2,417
1,320
2,650
7 _.,|/39
8
14
8
9
21
5
150
3
3.
2,469 _ 7,620
... J......._. _.9.
20
FEDERAL RESERVE AGENT'S ACCOUNTS
F- R. n o t e s o u t s t a n d i n g
C o l l a t e r a l f o r F . R. n o t e s :
Gold c e r t i f i c a t e account
E l i g i b l e paper
U. S. Government s e c u r i t i e s
Total
collateral
36,785
2,160
8,427
2,132
3,173
3,133
2,131
6,693
1,^58
691
1,400
1,188
~k~ 199
6,900
13
31,290
420
1,710
500
753
400
1,100
225
180
735
7,200
2,775
2,410
1,850
5,700
290
8
1,260
122
1,765
465
5
1,800
580
1,200
1,050
3,700
38,203
2,185
8,910
2,270
3,275
3,163
2,250
6,8co
1,558
702
1A25
1,230
M35
2/ After deducting $111 million participations of other Federal Reserve Banks.
* Less than $500,000.
@FedFRASER