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FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks H.4.i"*" For immediate release May 27, 1965 The average of daily figures of total member bank reserves held during the week ended May 26 decreased a net of $78 million to $21;3b^ million. Estimated currency and coin of member banks increased $67 million and their reserve balances at the Federal Reserve Banks decreased $145 million. Estimated required reserves decreased $50 million; and estimated excess reserves decreased $28 million to $310 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $173 million, compared with the revised net borrowed figure of $162 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $317 million in Federal Reserve float, $105 million in U. S. Government securities held under repurchase agreements, $18 million in gold stock, and $17 million in member bank borrowings, and an increase of $257 million in "other" F. R. accounts (net). The principal offsetting changes were an increase of $2^2 million in U. S. Government securities bought outright, and decreases of $269 million in Treasury deposits with Federal Reserve Banks and $48 million in currency in circulation. Total Reserve Bank credit decreased $187 million. As of Wednesday, May 26, holdings of U. S. Government securities bought outright were $589 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $97 million lower, and member bank borrowings were $57 million lower. Outright holdings of bills, notes, and bonds increased $539 million, $11 million, and $39 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreements Acceptance s ~ 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, May 26, May 27, May 19, May 26, 1964 1965 1965 1965 (in millions of dollars) 37;788 +242 -105 +3; 969 + 172 38,135 192 50 20 - 2 + 11 + + 1 48 24 483 14 1,598 40,146 14,335 5,397 59,878 - 17 - 1 -317 -187 - 18 - 10 -215 + 275 13 + - 141 +4,302 -1,127 - 184 +2,991 325 14 1,252 39,952 14,293 5,395 597F4O 39,047 - 48 +1,924 + 332 - 136 + 11 2 - 108 +2,022 39,122 "71 652 15o 157 1,281 42,139 + 969 17,501 3,9^2 2I7E43 2l,o85 ?57 762 791 142 172 1,142 42,057 17,821 3,543 21,364 21,054 310 -- -269 + 4 - 14 +257 —69 -145 + 67 - 78 - 50 - 28 13 + 281 +1,250 +1,271 21 On May 26, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,805 million, an increase of $14 million for the yeek and a decrease of $85 mill.ion from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves May 26, May 19, May 27, 1965 1965 1964 12, ^ 6l - 65 -65 -1,303 + 135 -1,168 339 - 1 - 58 + 48 24 - 2 + 4 7,466 -25,702 +539 1,5^7 11*, CC8 Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S- Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Eeld under repurchase agreements Total U._S. Government securities. (57*0 120 M67 38,135 154 38,289 38,700 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S- Treasurer--general account Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued d i v i d e n d s TOTAL LIABILITIES (1,473) 5,603 102 279 ( 2 , 0 4 7 ) 58,812 „ -- + 11 + 39 +589 - 97 +492 +436 -861 -167 -658 36 135 -- 17 +2,987 __ + 815 + 320 +4,122 + l44 +4,266 +4,418 - 384 1 : 93 7 3T5Qg (57*0 3^,333 + 22 +2,4co 17,501 652 156 157 18,466 (l,VT3) ^ 3 5 1 496 (2,047) 5 7 , ^ 5 +109 -285 + 1 +1,011 - 232 + 11 28 + 762 C A P I T A L ACCOUNTS Capital paid in ~ 539 Surplus 524 Other capital accounts 103 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,047) 58T812 P.a+io of gold certificate reserves to ?. R. note liability (computed from figures as shown on the following pages--not consolidated) Contingent liability on acceptances purchased for foreign correspondents 40.1$ 159 - 13 -188 -523 + 9 -680 — ~> -+ 22 ^638" ••2$ + 4o6 + 385 +3,953 + - 27 466 10 +37505 - 6. 12 F-gures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined "basis on the following pages, MATURITY DISTRIBUTION OF LOANS AMD SECURITIES, MAY 26, 196$ (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.; Discounts and advances Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 y^ars Over 5 years to 10 yeart; LI*D Over 10 years Total Acceptances 319 20 38 3^ -- -- ----- 339 72 HL_§'- Gpverntnent securities Changes Holdings during week 1,189 7,404 18,150 9,938 1,292 316 38,289 - 93 +178 +357 + =;G +492 STATEMENT OP COHBITICH OP EACH FEDERAL RESERVE BAHK ON MAY 26, 1965 H.4.1(b) Total Boston New York Ffcila~| Cleve- Rich- Atlanta Chicago| St. 1 delphiaj land mend Louis 1 (In millions oif dollars) • Minneapolis .. .T..r — .San Kansas Dallas . FranCity cisco A S S E T S 12,461 Gold certificate account Redemption fund for F. R. notes 1,5*7 Total gold certificate reserves | 14,008 F. R. notes of other Banks Other cash | 120 1 Discounts and advances 339^ Acceptances: k8 Bought outright 2k Held under repurchase agreements U* S. Government securities: Bought outright— 7,h66 Bills Certificates 25,702 Notes Bonds ! ^967 Total 38,135 Held under repurchase agreements 154 854 89 943 2,907 345 3,252 811 46 9 175 23 32 28 — 1,109 135 1,244 1,117 129 1,246 650 89 739 2,313 289 2,602 500 61 4 41 8 38 9 72 9 19 13 17 e 59 48 24 — — — 897 561 209 30 239 505 61 566 286 52 336 1,200 181 1,381 44 24 24 8 13 5 15 6 32 5 42 10 69 .8 18 28 6 66 — — — — — A mm — 371 1,878 388 597 490 396 1,252 272 157 294 319 1,052 1,280 247 1,898 6,465 1,249 9,592 154 1,335 258 1,981 2,054 397 3,048 1,685 326 2,501 1,362 263 2,021 4,310 833 6,395 938 181 1,391 54o 104 801 1,013 196 1,503 1,099 213 1,631 3,621 7C0 5,373 Total U. S. Government securities ' 38,289 1,898 9,746 1,981 3,048 2,501 2,021 6,395 1,391 801 1,503 1,631 5,373 Total loans and securities 38,700 1,926 9,837 1,994 3,065 2,509 2,080 6,464 1,399 819 1,531 1,637 5,439 7,076 102 279 478 3 13 1,254 8 71 439 3 14 531 6 21 -543 5 17 601 20 15 1,164 21 42 350 6 11 218 3 7 457 6 14 378 11 13 663 10 4l 3,418 14,620 3,383 4,916 4,367 3,536 10,361 2,359 1,304 2,595 2,4l4 7,586 Cash items in process of collection Bank premises Other assets " TOTAL ASSETS 60,859 • H.4.1(c) STATEMENT OF CONLITION OF EACH FEDERAL RESERVE BANK OH MAY 26, 1965 -1 Total ' ' Boston j New j York Philadelphia i L I A B I L I T I E S Federal Reserve notes Leposits: Member "bank reserves U.S. Treasurer-general ac count Foreign Other Total deposits Deferred availability cash items Other liabilities and accrvled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for forei-gn c orre spondent s F- R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government security.es Total collateral Cleve-j Rich- Atlanta Chicago mond land (in millions of dollars) Kansas Eallas City San Francisco 34,907 2,075 8,044 2,064 2,971 3,017 1,979 6,344 1,367 659 1,350 1,084 3,953 17,501 652 156 . 157 18,466 737 60 7 1 805 4,950 57 1/41 100 5,1^8 775 69 9 * 853 1,265 73 14 1 1,353 755 66 8 3 832 920 40 9 1 970 2,725 63 22 1 2,811 629 31 5 # 665 392 24 4 420 772 60 7 1 842 890 30 9 1 930 2,691 79 21 46 2,837 5,824 459 989 376 447 431 491 964 269 187 331 307 573 24 131 3.363 14,312 27 3,320 43 4,814 27 4,307 28 73 3,468 10,192 18 2,319 11 21 1,277 2,544 26 2,347 67 7,430 32 72 70 14 496 59.693 539 524 103 25 25 5 142 137 29 29 29 5 48 47 7 27 26 7 32 31 5 77 75 17 18 18 4 13 24 12 2 l 60,859 3,418 14,620 3,383 4,916 4,367 3,536 10,361 2,359 1,304 2,595 2,4l4 7,586 159 8 2/42 9 14 8 5 4 7 9 21 36,854 2,153 8,433 2,147 3,166 3,150 2,135 6,723 1,455 690 1,403 1,191 4,208 420 6,920 11 ! 31,290 1,765 1,710 500 773 4oo 1,100 225 180 735 2,775 2,410 1,850 5.700 290 8 1.260 122 7,200 465 3 1,800 580 1.200 1,050 3,700 ,. 2,185 8,910 2,268 3,275 3,183 2,250 6,800 1,558 702 1,425 1,230 4,435 38,221 9 23 FEDERAL RESERVE AGENT'S ACCOUNTS 1/ After deducting $115 million participations of other Federal Reserve Banks 2/ After deducting $117 million participations of other Federal Reserve Banks. St. | Minneapolis Louis 2 3 * Less than $500, COC i
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