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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.Wl"" For immediate release May 6, 1965 The average of daily figures of total member hank reserves held during the week ended May 5 increased a net of $391 million to $21,792 million. Estimated currency and coin of member banks decreased $185 million and their reserve balances at the Federal Reserve Banks increased $576 million. Estimated required reserves increased $248 million; and estimated excess reserves increased $1^3 million to $379 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $99 million, compared with the revised net borrowed figure of $109 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $375 million in U. S. Government securities held under repurchase agreements, $158 million in U. S. Government securities bought outright, $133 million in member bank borrowings, and $48 million in acceptances held under repurchase agreements, and a decrease'of $84 million in Treasury deposits with Federal Reserve Banks, The principal offsetting changes were a decrease of $126 million in Federal Reserve float and an increase of $60 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $589 million. As of Wednesday, May 5, holdings of U* S. Government securities bought outright were $339 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $559 million higher, and member bank borrowings were $37 million higher. 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) Averages of daily figures Week ended Change from week ended Wednesday, May 6, Apr. 28, May 5, May 5, 1964 1965 1965 1965 (in millions of dollars) 37,501 393 +158 +375 +3,921 + 210 54 54 + 48 + + 478 16 1,641 So,137 l4,4ll 5,411 59,960 +133 + 1 -126 38,819 754 837 37,572 686 1 13 54 65 + 267 + 14 367 15 1,446 40,205 14,413 5,414 60,032 +359 - 12 +TJ74T3 - 2 + 5 +593 -1,052 - 171 +3,192 +1,909 + 328 164 205 827 41,607 17 10 84 2 15 60 + 17 - 127 +2,085 38,979 764 633 153 186 829 41,544 18,353 3,439 21,792 21,413 379 +576 -185 +391 +248 +143 +1,106 + 409 +1,515 +1,425 + 90 18,488 3,558 22,046 21,450 596 + + 51 8 17 On May 5, 1965, U. S. Govrnment securities held in custody by the Federal Reserve Banks for foreign account were $7,673 million, a decrease of $18 million for the week and a decrease of yl45 million from the comparable date a year ago. H. 4.1(a) CONSOLIDATED STATEMSET OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) May 5, 1965 ASSETS 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 Total bought outright Held under repurchase agreements Total U. S. 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 bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 12,607 1,533 l4,l40 123 (613) 382 Change since Apr . 28, May 6, 1965 l<?64 -- + 54 65 6,953 + + -1,178 + 128 -1,050 57 + 135 -- + 2 25 + 29 339 ---- -.- 25,691 4,928 37,572 4 4 9 37 339 559 686 -f 38,258 + jge 38,759 + 960 (1,397) 6,191 102 - 4l +2,559 -3,265 +4,069 + 302 +3,665 + 364 +4,029 67 + 839 +4,195 + 610 l + 117 +3,814 + 174 +2,356 18,1*88 633 153 186 19,560 +1 ,072 - 326 + 5 6 + 745 +1,033 - 152 + 16 + 11 + 908 (1,397) 4,7^5 526 (2,010) 58,910 - ill + 7 + 815 + 567 + 423 +4,254 789 (2,010) 60,104 (613) 34,179 -- C A P I T A L A C C O U N T S 1 + 28 Capital paid in 539 -Surplus - 466 32k + 131 Other capital accounts 23 2 + J39 +3,8l4 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,010) 60,104 Ratio of gold certificate reserves to F. R, note liability (computed from figures as shown on the following - 6.1 ho. 6% pages—not consolidated) Contingent liability on acceptances purchased for foreign correspondents 138 1 + 2 1 * 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, MAY 5, 1965 " (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 Discounts and Changes Acceptances advances Holdings during week 364 Within 15 days 36^ 73 5,803 +^,5^8 18 46 16 days to 90 days k6 3,382 ~3>772 3,382 91 days to 1 year -— 15,056 + 122 15,056 Over 1 year to 5 years 12,409 Over 5 years to 10 years irs 1,292 Over 10 years 316 •B95 Total 3S2 387258" 119 H.4.1(b) STATEMENT OF CONEITICK OF EACH FEDERAL RESERVE BANK ON MAY 5, 1965 1 | Total Boston Philadelphia New York Cleveland Richmond Atlanta 1 Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) A S S E T S 12,607 1,533 14,140 822 88 910 F. R. notes of other Banks Other cash 613 123 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 382 Geld certificate account Redemption fund for F. R. notes Total gold certificate reserves 54 65 1 1,143 2,881 844 85 929 51 9 176 25 55 69 — 54 65 2,533 348 724 91 1,278 1,183 122 1,305 40 4 53 8 34 9 89 9 5 43 17 4l — — 135 530 61 591 211 502 285 1,490 29 240 61 563 51 336 1,667 45 23 23 6 13 4 12 6 33 5 44 13 76 8 18 35 6 9 2,340 285 2,62T~ 177 -- 6,953 346 1,749 361 556 456 368 1,166 254 146 274 297 -- -- -- -- -- -- -- -- -- -- -- -- -- 25,691 | 1,279 4,928 245 37,572 1/870 6,462 1,239 9,450 1,334 2,053 1,685 1,362 4,306 937 18c 540 io4 790 1,013 1,099 3,619 686 -- 686 -- Total U. S. Government securities 38,256 1,870 10,136 1,951 Total loans and securities 38,759 1,925 10,324 7,588 536 3 38 1,302 102 789 62,114 3,472 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 256 394 323 261 827 1,951 3,003 2,464 1,991 6,301 1,371 -- -- -- -- 3,003 2,464 1,991 6,301 1,371 1,956 3,046 2,481 2,032 6,377 e 595 6 66 569 5 46 647 20 43 1,24c 201 450 3 4l 14,917 3,423 5,052 4,449 3,655 — 960 194 211 694 1,461 1,607 5,293 -- -- -- 790 1,481 1,607 5,293 1,379 ece 1,516 1,613 5,302 21 122 367 6 29 245 3 18 46c 6 35 371 11 38 8C6 10 112 10,453 2,403 1,331 2,598 2,407 7,954 — H-4.1(c) .STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 5, I965 l Deferred availability cash items Other liabilities and accn.led dividends TOTAL LIABILITIES St. Louis Minneapolis San Kansas Dallas ! FranCity cisco Total Boston 34,792 2,065 8,038 2,052 2,958 3,006 1,986 6,317 1,371 654 1,345 1,079 3,921 18,488 633 153 186 19,460 6,l42 739 69 7 1 816 5,200 110 i/43 114 5,467 957 837 34 8 1 880 1,375 28 819 68 8 5 900 455 2,797 58 21 2 2,878 1,006 645 36 5 1 687 286 393 42 3 4 442 784 48 7 2 841 195 338 884 31 9 1 925 306 2,994 79 20 53 3,146 397 13 1 1,417 526 1,021 30 9 1 1,061 509 526 60,920 25 3,416 140 14,602 29 3,358 46 4,947 27 4,388 78 30 3,586 10,279 18 2,362 12 1,303 22 2,546 29 2,339 70 7,794 539 524 131 25 25 6 142 137 ^6 29 29 7 48 47 10 27 26 8 62,114 ..%kiz 138 6 Philadelphia L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer-general ac:count Foreign Other Total deposits Cleve- Rich- !Atlanta Chicago land mond i (In millions of dollars) New York 510 657 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES ANT CAPITAL ACCOUNTS Contingent liability on ace:ept~ ances purchased for forejLgn correspondents . 14,,917... 3,423._ 2/36 8 32 31 6 77 75 22 18 18 5_ 5,052.. 4.449 -3a_65_5_ 10,453 2,403 20 5 12 7 8 13 12 3_ 24 23 5_ 32 31 5__ 1,331^ .2,598...—£,, 407 72 70 18 7,954 , 3 6 8 19 686 1,395 1,171 4,144 122 225 180 735 570 1,200 _ .1,050 3,700 692 1,425 1,230 4,435 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F- R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 36,660 2,146 8,448 2,122 3,170 3,125 2,133 6,666 6,900 11 31,280 420 1,710 500 753 400 1,100 1,765 7,200 465 4 1,800 2,775 2,410 1,850 5,700 290 7 1,260 38,191 2,185 8,910 2,269 3,275 3,163 2,250 6,800 1,557 1/ After deducting $L10 million participations of other Federal Reserve Banks, 2/ After deducting $L02 million participations of other Federal Reserve Banks.
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