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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 26, 1965 H.U.I The average of daily figures of total member bank reserves held during the week ended November 2k decreased a net of $138 million to $21,7^0 million. Estimated currency and coin of member banks increased $37 million and their reserve balances at the Federal Reserve Banks decreased $175 million. Estimated required reserves decreased $21 million; and estimated excess reserves decreased $117 million to $198 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $163 million, compared with the revised net borrowed figure of $174 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $260 million in U. S. Government securities bought outright and $128 million in member bank borrowings, and increases of $131 million in currency in circulation and $85 million in "other" F. R. accounts (net). The principal offsetting changes were an increase of $276 million in Federal Reserve float and a decrease of $l6l million in Treasury deposits with Federal Reserve Eanks. Total Reserve Bank credit decreased $104 million. As of Wednesday, November 2^, holdings of U. S. Government securities bought outright were $38 million higher than a week earlier and member bank borrowings were $511 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 Other F. R. accounts (net) Averages of daily figures Week ended Change from week ended Wednesday, Nov. 24, Nov. 25, Nov. 24, Nov. 17, 1964 1965 1965 1965 dollars) millions of (In 39,788 — -- +3,921 - 125 40,086 -- 48 7 + 4 + 4 + - 5 48 48 50 361 33 -128 + 202 + 30 + 128 759 33 2,264 42,501 13,843 5,542 61,885 41,520 806 884 180 217 319 43,926 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) -260 17,959 3,781 21,740 21,542 198 — +276 "^104" - 16 + 2 -119 +TCT3 -1,587 + 48 +2,573 - 14 + 85 + 56 +2,449 + 254 + 363 + 32 + 34 - 926 +2,206 -175 + 37 -138 - 21 -117 + + + + - +131 + 15 -l6l -- 367 31^ 681 741 60 1,624 42,600 13,809 5,544 61,953 41,720 836 870 158 222 303 44,109 17,844 4,229 22,073 21,525 On November 2k} 19^5, U* s ' Government securities held in custody by the Federal Reserve Banks for foreign account were $8,213 million, an increase of $42 million for the week and a decrease of $121 million from the comparable date a year ago. 548 H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) .ars; Nov. 24, 1965 ASSETS Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. g. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal~Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 11,816 1,676 137S92 (528) 106 792 Change since Nov. 17, Nov. 25, 1964 1965 _ 78 1 - 79 2 + 511 -1,740 + 141 -1,599 - 24 + 632 + + 2 50 + 8,7C8 38 +2;783 24,828 6,550 4C,Ct56 _. _40,006 40,976 (1,687) 6,575 101 966 (2,215)62,216 ~ zi 38 - 305 +1,328 +3,806 + 38 + 601 -1,550 + 46 - 984 +3,806 +4,447 + 516 1 + 389 +3,728 (528)36,801 t- 234 +2,630 - 181 + 866 + 118 - 36 + 36 T~98T + 5C4 + 70 +4,188 48 50 17,844 870 158 222 19,094 (1,687) 4,951 188 (2,215)61,034 - + - 42 - 24 + 14 - 233 -1,014 -1,013 3 6 C A P I T A L A C C O U N T S Capital paid in + 24 546 Surplus 524 - 466 Other capital accounts 112 + 29 - 18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,215)62,216 - 985 +3,728 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 36.1$ *5$ - 7*5$ Contingent liability on acceptances purchased for foreign correspondents 1^9 + 1 + 2 5 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOAN'S AND SECURITIES, NOVEMBER 24, 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 Changes Discounts and Acceptances Holdings during week advanc<es -124 Within 15 days 61 969 757 16 days to 90 days +150 5,739 37 35 91 days to 1 year 17A78 + 12 Over 1 year to 5 years 14,066 Over 5 years to 10 years 1,4^9 Over 10 years 385 Total 40,086 792 IB 98 STATEMENT OF COKDITIOK OF EACH FEDERAL RESERVE BANK ON KOVEMBER 2k, I965 H.4.l(b) Total Boston Kew York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis San Minne- Kansas Dallas Franapolis City cisco (in millions3 of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 11,816 1,676 13,492 675 94 769 2,507 393 2,900 F. R. notes of other Banks Other cash 528 106 45 7 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 792 68 650 377 56 4TT~ 172 31 203 715 4"33~~ 1,431 47 18 21 7 23 4 25 7 35 6 50 13 51 97 44 23 62 3 91 648 95 2,219 309 348 63 7%3-.-'. 2,528 771 91 862 1,078 147 1>225 1,135 137 1,272 110 14 28 4 22 9 63 7 59 10 259 34 12 48 ~ 1,236 195 48 50 U8 50 456 2,120 442 725 590 480 1,459 335 187 295 350 1,269 24,828 1,303 344 ! 6,550 '40,086 2,103 6,o44 1,594 9,758 1,260 332 2,034 2,068 545 3,338 1,679 443 2,712 1,370 362 2,212 4,160 1,098 532 l4o 840 222 997 263 3,619 955 6,717 956 252 1,543 859 1,357 1,610 5,843 8,708 Total U. S. Government securities 40,086 2,KR 9,758 2.034 3.338 2.712 2,212 6,717 1,543 859 1,357 1,610 5,843 Total loans and securities 40,976 2,171 10,115 2,c68 3,350 2,760 2,263 6,8i:4 1,587 882 1,419 1,613 5,934 i 8,262 101 i 966 553 3 44 1,489 8 276 502 3 50 570 5 82 668 5 49 682 20 55 1,378 21 136 412 7 32 268 3 22 524 6 42 454 11 50 762 9 128 64,431 3,592 14,912 3,517 5,263 4,824 3,832 10,942 2,477 1,405 2,738 2,602 8,327 Cash items in process of collection Bank premises Other assets TOTAL ASSETS H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 24, 1965 Total Boston New Ycrk LIABILITIES Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer-general ac1 count Foreign Other Total deposits Deferred availability cash items Other liabilities and accixted dividends TOTAL LIABILITIES CAPITAL ACCOUNTS I2apital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for forejLgn correspondents F- R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral Phila- Cleve- Rich- Atlanta Chicago St. delphia 1 land mond Louis (in millions5 of dollars) San Francisco 37,329 2,221 8,445 2,199 3,193 3,322 2,181 6,823 1,420 685 1,410 1,163 4,267 17,8V* 870 158 222 19,094 737 47 8 4,617 178 1/36 160 4,991 1,122 751 62 9 1 823 1,352 83 15 * 1,450 798 31 8 6 893 990 49 10 1 1,050 618 60 6 403 49 4 * * 3,097 80 22 49 3,248 498 535 520 232 824 57 7 2 890 380 957 47 10 1 423 2,700 77 23 2 2,802 1,114 4 7_ 2,436 1,377 7 2,687 6,638 188 63,2^9 546 524 112 * 792 512 46 3,535" 14,604 10 26 25 6 143 137 28 16 ,9__ 5,157 3,454 29 29 5 64,131^-3->J>9iL_ 14,912 -3JL£3— _ liSL 7 _l6a. 39,243 2,293 8,828 6,595 44 3^,560 40,199 440 1,000 1,895 7,900 8,900 2,335 10 12 32 4,762 " 3,761 10,771 28 26 8 49 47 10 _li263_ 4,824 33 31 7 78 75 18 3,832 10,942 684" 325 500 1 1,900 2,401 600 883 500 1,100 2,950 2,620 3,550 3,503 1,9C0 2,400 6,100 7,200 1,015 349 628 8 27 2,535 " 8,170 32 31 4 72 70 15 2,477 ._lz4°5_ 2,738 2,602 8,327 8 13 T56 24 23 4 19 18 4 21 9 5_ FEDERAL RESERVE AGENT'S ACCOUNTS 3,461 2,342 7,147 1,508 2,269 3,403 8 l/ After deducting $122 million participations of other Federal Reserve Banks• 2/ After deducting $110 million participations of other Federal Reserve Banks. Minne- Kansas Dallas apolis City 305 43 1,260 1,608 13 12 3 7 720 1,472 1,265 4,535 127 225 180 735 605 732 1,300 1,130 1,310 4,oco 1,525 * Less than $500,000. 9„. 20 3 4,735
@FedFRASER