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FEDERAL nX.if**&?y RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 12, 1965 The average of daily figures of total member bank reserves held during the week ended November 10 decreased a net of $222 million to $21,888 million. Estimated currency and coin of member banks decreased $231 million and their reserve balances at the Federal Reserve Banks increased $9 million. Estimated required reserves decreased $240 million; and estimated excess reserves increased $18 million to $396 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $62 million, compared with the revised figure of minus $108 million the week before, when excess reserves were less than member bank borrowings. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $420 million in U. S. Government securities bought outright and $290 million in Federal Reserve float. The principal offsetting changes was a decrease of $152 million in member bank borrowings, and increases of $302 million in currency in circulation, $136 million in Treasury deposits with Federal Reserve Banks, and $85 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $534 million. As of Wednesday, November 10, holdings of U* S. Government securities bought outright were $229 million lower than a week earlier and member bank borrowings were $451 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--. •. " V * Bought outright Held under repurchase agreements Discounts and advancesMember 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, Nov. 10, Nov. 3, | Nov. 11, Nov. 10, 1965 ! 1964 1965 1965 (in nlillions of dollars) 4 +420 + 4 +4,578 - 311 45 24 + 3 - 19 + - 334 35 -152 - 12 +290 +535 + 18 +554 93 + 33 + 214 +47415 -1,605 + 35 I +2,846 +302 - 3 +136 + 25 + 1 + 85 +54T +2,319 + 289 + 517 + 4o + 10 - 892 +2,283 + 9 -231 -222 -240 + 18 + + 40,249 1,925 42,616 13,858 5,532 62,007 41,112 792 1,063 179 215 261 43,621 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 18,386 3,502 21,888 21,492 396 __ -- 43 23 5 11 563 310 + 873 1 + + 40,048 846 27 151 33 2,207 42,505 13,859 5,539 Hi,903 41,410 790 1,190 188 305 255 44,138 17,764 3,962 21,726 21,472 On November 10, 1965* U* S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,017 million, an increase of $9*1- million for the week and a decrease of $233 million from the comparable date a year ago. 254 H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Nov. 10, 1965 Change since Nov. 3, Nov. li, 1964 1965 11,905 1.673 i (549) 13,578 — -—— -1,745 + I4Q -1,596 107 184 - 24 -451 32 - 330 43 23 -- - 17 8 8,670 -229 +3,447 4o,c48 •229 4o.o48 •229 - 305 +1.328 +4,470 - 276 +4.194 (1,254) 40,298 6,626 + 13 101 - 1 1 (1,803) 1,201 61,911 + 23 -686 + 599 +^.42.1 (549) 36,488 +379 +2,637 17,764 1,190 188 305 19,447 -668 +245 + 20 +111 -292 + + + - (1,803) 4,419 313 60,667 -802 + 2 -713 69 + 199 + +3,865 CAPITAL ACCOUNTS C a p i t a l paid I n ~ ~ Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,803) 546 524 174 61,911 + 27 -686 + 25 - 466 3 +T7S2T Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S« Government securities 24,828 6,550 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 a v a i l a b i l i t y cash J.£ei&5 Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES (1,254) -697 + 3 +3,859 + 592 411 549 44 44 960 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following .2% 7.5* 36.7* pages—not consolidated) JO Ho Contingent liability on acceptances purchased for foreign correspondents l49 - 6 + 2 4 * 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, NOVEMBER 10, 1965 (Acceptances and seeuri+.ies held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances 148 36 Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Acceptances 31 35 --«- itik w U. S. Government securities Changes Holdings during week -423 6,932 +147 3,802 + 47 18,996 -8,484 -1,449 -385 40,048 -229 STATTMEffl? OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 1 0 , 1965 11.4.1(b) New Total Boston Philadelphia York Rich- Atlanta Chicago mond .. . millions of dollars) (In Cleveland St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S 2,544 432 63 495 2C4 31 235 515 65 580 433 55 488 1,467 55 17 18 6 29 3 24 7 55 10 7 34 6 53 14 3 28 24 32 7 15 19 4 5 --- — -- --- --- --- -— --- --- --- --- 2,111 44o 722 587 478 1,453 334 186 340 348 1,217 -- -- -- __ -- -- « -.- -- -- -- 6,o44 1,260 2,068 1,370 362 2,210 4,160 956 532 973 997 3,486 545 3,335 1,679 443 2,709 252 JaOSi^ 1,542 6,711 140 858 257 1,570 263 1,608 5,623 -- -- -- -_ -- -— —- 698 991 90 148 788 1,139 1,140 29 5 21 8 70 25 20 43 23 11,905 ' 1,673 13,578 649 95 744 2,602 5*4-9 54 9 107 15 2 Discounts and advances 184 Acceptances: — Bought outright I ^3 — Held under repurchase agreements 23 U. S. Government securities: Bought outright-Bills 454 8,670 --.-.Certificates Notes 24,828 1,303 Bonds 6,550 _ - 3 ^ Total 1 4o,o48 2,101 -. —Held under repurchase agreements Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash 107 386 2,988 1,594 332 9,749 2,032 - -. —- 139 1,279 i 736 95 831 2,233 311 -. - _- 1,272 195 920 Total U. S. Government securities 4o.o48 2t101 9.749 2r0^2 3.335 2.709 2,210 6^X11 Total loans and securities 40,298 2,103 9,84o 2,052 3,338 2,737 2,234 6,743 1,549 873 1,589 1,612 5,628 7,880 478 626 5 67 667 20 .68 1,339 263 3 28 489 21 178 452 7 42 53 6 385 11 60 740 9 165 4,791 3,885 10,897 2,569 1,434 2,748 2,596 8,076 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1,385 8 501 3 1.201 S8 . 315 6^ 555 5 104 63,714 3,449 14,658 3,441 5,170 101 1 3 . 1,542 . 1.608 ..,5-,.623.._ 858. H. 4.1(c) STATEMENT OP CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 10, 1965 : Total [Boston New York LIABILITIES 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 Phila- Cleve- Rich- Atlanta [Chicago St. delphia land mond Louis (In millions. of dol].ars) | San Minne- Kansas Dallas Franapolis City 1 Cisco 37,037 2,199 8,354 2,172 3,160 3,299 2,171 6,786 1,413 17,764 1,190 188 305 19,447 687 67 8 751 33 9 1 794 1,334 55 15 2 1,406 789 131 8 6 934 998 97 10 1 1,106 2,708 100 23 2 2,833 677 73 6 # * 762 4,906 165 1/66 ~230 5,367 756 5,673 413 532 392 467 474 517 1,047 345 79 15 3,389 14,332 17 3,375 27 5,060 18 4,725 18 49 3,812 10,715 12 2,526 143 137 46 29 29 8 49 47 14 28 26 12 78 75 29 19 18 6 _i,_442_ 14,658 3,441 5,170 _4,7,9l _^88_5__ 10.897 2.569 313 62,470 685 1,410 1,160 4,228 426 65 4 495 799 98 7 3 907 932 108 10 1 1,051 2,757 198 22 59 3,036 218 364 300 604 8 13 l,4o6 2,694 15 2,526 42 7,910 24 23 7 32 31 7 72 70 24 1,43A. 2.748 2.596 8.076 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondent s F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 546 524 174 MJlL. 149 38,780 6,555 7 33.450 40,012 26 25 9 1_ 8 21 5_ _7 13_ 9__ FEDERAL RESERVE AGENT'S ACCOUNTS 2,276 ~8~6W~ 2,232 3,351 3,42? 2,309 7,088 1,492 ^39 440 1,000 1.865 7,900 8,900 2,305 500 1 1.900 600 853 500 1,100 2.950 2.62C 1.850 6,100 2,401 3,550 3,473 2,350 7,200 • 1/ After deducting $122million participations of other Federal Reserve Banks* 2/ After deducting $ n o million participations of other Federal Reserve Banks, 33 31 9 — -»•,! 1 — 295 6 1.260 1,561 13 12 3 4 7 9_ 20 1,259 4,481 225 180 735 605 1.300 1.100 4,000 732 1,525 1,280 4,735 716 1,467 127 • * Less than $500,000.
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