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;b*Gov.:- FEDERAL *?f«^V RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 25, 1$66 H.4.1 The average of daily figures of total member bank reserves held during the week ended November 23 decreased a net of $1+35 million to $22,913 million. Estimated currency and coin of member banks increased $37 million and their reserve balances at the Federal Reserve Banks decreased $V72 million. Estimated required reserves decreased $6U million; and estimated excess reserves decreased $371 million to $178 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $26l 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 $306 million in U. S. Government securities bought outright, $272 million in member bank borrowings, $132 million in U. S- Government securities held under repurchase agreements, and increases of $199 million in "other" F. R. accounts (net) and $111 million in currency in circulation. The principal offsetting change was an increase of $4.99 million in Federal Reserve float. Total Reserve Bank credit decreased $198 million. As of Wednesday, November 23, holdings of U. S. Government securities bought outright were $^01 million lower than a week earlier, and member bank borrowings were $156 million lower. 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 JJiscounts 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, Nov. 24, Nov. 2 3 , Nov. 16, Nov. 2 3 , 1966 1966 1965 1 1966 ( I n 11l i l l i o n s of cl o l l a r s ) 42,959 18 -306 -132 +3A71 + 18 52 33 + 1 + 10 + + 439 16 2,450 "45,967 13,257 6,230 65 ,"+5^' -272 + 1 +1+99 -198 + Id -182 78 17 + 186 +3,466 - 586 + 688 +37569 55,579 +111 + 12 - 7 + 18 - +3 +199 +290 +2,356 + 374 - 177 32 + 192 61 +7,653 44,076 1,189 525 146 404 256 46",59"6 18,875 4,043 22,918" 22,740 178 --+72 + 37 H35 - 64 -371 + + 17,993 4,49_7 22,4QO 22,813 - 323 43,876 1,180 707 148 k09 258 _ 0 C— 4 26 916 252 +T,'lB8 +1,226 5c8 ^2,833 129 51 1 1 ! 32 377 15 1,655 45,092 13,259 6,238 6T,5~89 On November 23, I966, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,299 million, an increase of $4 million for the week and a decrease of $9l4 million from the comparable date a year ago. H.4.1(a) CONSOLIDATE! STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Nov. 23, I966 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total TJ. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Nov. 16, 1966 10,949 1,813 12,762 + 299 392 + - (605) 4" 51 32 13*016 ^351 21,278 6,188 42,833 129 22 18 Nov. 24, 1965.._ + - 2 156 + 193 -. 400 -- 3 18 10 4oi — -— + - 867 137 730 401 129 272 42,962 ^+3,^37 "ToH 7,175 -2,020 +2,308 +4,351 -3,550 - 362 +27747 + 129 +2,876 +2,461 103 1 1,126 (2,462) 64,902 + 27 -2,414 + 600 + 2 + 160 +2,686 + +2,028 (1,857) (605) 38,829 226 19,068 - 830 - 296 + 7 12 -1,131 5,520 -1,540 237 8 (2,462) 63,654 -2^53 17,993 525 146 4o4 (1,857) C A P I T A L A C C O U N T S Capital paid in 567 Surplus 551 Other capital accounts 130 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,462) 64,902 --- + 39 -£^4l4 + - 149 345 + - 182 "26 12 + 569 + 49 +2,620 + 21 + 27 + 18 +2,686 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown din the following pages--not consolidated) 32.4$ .1$ - 3-7$ Contingent liability on acceptances purchased for foreign correspondents 206 6 + 57 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages, l/lncludes assets denominated in foreign currencies and IMF gold deposited. 2/lncludes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 23, 1966 (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 years Over 5 years to 10 years Over 10 years 375 17 ----- Acceptances m— 39 .-« -„ *<• '• U. S. Government securities Changes during week Holdings + 136 1,900 +3,106 7,819 24,412 -3,51^ -7,446 988 397 -- ~z. H.4.l(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 23, 1966 T New York • Total Boston 1 Cleve- Rich- (Atlanta Chicago mond land (In millions3 of dollars) 1 FhilaJdelphia 1 Minne- Kansas j Dallas apolis | City j St. Louis San Francisco A S S E T S Gold certidicate account Redemption fund for F. R. notes Total gold certificate reserves 10,9% I ..1,813 12,762 632 100 2,392 436 6l4 93 925 146 732 2,828 707 2,206 382 65 447 170 32 202 57^ 598 103 1,873 333 1,071 987 159 1,146 701 504 70 472 1,400 216 60 532 l,6l6 F. R. notes of other Banks Other cash 605 299 55 12 132 30 32 8 61 *3 56 17 58 37 56 45 18 31 25 8 25 15 35 20 52 33 Discounts and advances Acceptances: Bought outright Held under repuchase agreements U. S. Government securities: Bought outright Bills Certificates Notes Bonds Total Held under repurchase agreements 392 15 49 14 1 32 101 96 28 2 24 9 21 „_ 51 32 -- -- -- -- _. .... -._ __ 2,678 1,058 5,172 1,504 10,412 129 580 229 1,119 326 2,254 J02 357 1,743 507 3,509 820 324 1,583 450 3,187 587 232 1,134 330 2,283 1,872 740 3,616 1,052 7,280 391 154 755 219 1,51S) 222 88 431 125 420 165 810 _235 866 1,630 162 618 19k 3,024 880 231 1,598 6,088 51 32 11,016 M51 21.278 6,188 42,833 l£> 567 224 1,097 319 2,207 4n 1,566 L -— - Total U. S. Government securities 42,962 2,207 10,541 2,254 3,509 3,187 2,283 7,280 . 1,51$) 866 1,630 1,598 6,088 Total loans and securities 43A37 2,222 10,673 2,268 3,510 3,219 2,384 7,376 1,54-/ 868 1,654 1,607 6,109 9,032 103 1,126 59^ 3 44 1,531 9 449 536 3 49 637 5 81 738 5 51 793 20 53 1,469 20 133 461 5 32> 321 3 22 595 8 4l 510 10 49 841 9 122 67,364 3,662 15,652 3,603 5,408 5,232 4,046 11,305 2,55C) 1,449 2,912 2,763 8,782 Cash items in process of collection Bank premises Other assets l/ TOTAL ASSETS 1/ Includes assets" denominated in foreign currencies and IMF gold deposited. e H.4.1(c) STATEMENT OF CONDITION OP EACH FEDEEAL RESERVE BANK ON NOVEMBER 23, 1966 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 1 Clevej Rich- Atlanta Chicago land | mond (In millions of dollars) Minne- Kansas apolis City Dallas San Francisco 1,485 1,248 4,616 432 15 3 1 451 266 846 64 6 2 918 445 1,009 36 7 1 1,053 383 3,147 67 17 57 3,288 682 8 2,507 6 1,420 9 2,857 9 2,693 32 8,618 20 19 4 14 13 2 25 24 6 33 32 5 74 72 18 15,652^ _3,603__ 5,408 _5*_23_2_ 4,o46 il,305_ 2,550 _l^449_Jv912_ 2,763 8,782 New York Philadelphia St. Louis Total Boston 39,434 2,351 9,029 2,254 3,273 3,600 2,249 7,194 1,438 697 17,993 525 146 4o4 I9,0bts 7,377 647 32 6 1 686 553 4,580 93 1/ 50 2/332 5,055 1,184 783 39 7 1 830 441 1,354 68 12 1 871 52 7 4 1,435 570 934 613 1,009 31 8 1 1,049 659 2,648 6 19 2 2,675 1,214 667 22 4 1 694 367 12 61 237 66,116 ; 3,602 15,329 12 3,537 19 5,297 17 5,164 13 39 3,970 11,122 30 30 6 51 50 10 28 11 82 79 22 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 1 567 551 130 27 27 6 67,364 3,662 206 10 147 144 32 1/ 54 11 19 11 35 33 8 12 29 7_ 5 — 9... 12 . . 27 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 41,375 2,444 9,475 2,317 3,504 3,725 2,402 7,499 1,526 731 1,559 1,354 4,839 6,402 35 36,486 500 1,000 6co 685 450 1,100 225 180 735 8,700 3,000 3,075 2,000 6,500 310 28 1,310 127 2,016 490 7 2,000 655 1,400 1,230 4,600 42,923 2,516 9,700 2,497 3,6co 3,760 2,450 7,600 1,648 782 1,625 1,410 5,335 l/ After deducting $96 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. 3/ After deducting $152 million participations of other Federal Reserve Banks, * Less than $500,000.
@FedFRASER