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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November k} 1965 The average of daily figures of total member bank reserves held during the week ended November 3 increased a net of $2^9 million to $22,089 million. Estimated currency and coin of member banks decreased $70 million and their reserve balances at the Federal Reserve Banks increased $319 million. Estimated required reserves increased $73 million; and estimated excess reserves increased $176 million to $368 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $118 million, compared with the revised net borrowed figure of $l46 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $537 million in U. 3. Government securities bought outright and $lU8 million in member bank borrowings and a decrease of $48 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $28l million in Federal Reserve float and increases of $95 million in "other" F. R. accounts (net) and $8l million in currency in circulation. Total Reserve Bank credit increased §khQ million. As of Wednesday, November 3, holdings of U. S. Government securities bought outright were $1,039 million higher than a week earlier and member bank borrowings were $269 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. 3, Oct. 27, ! Nov. 4, Nov. 3, I 1964 i 1965 1965 1965 (In millions of dollars) 40,277 +537 -- -- 42 43 + 2 + 22 + 486 47 1,635 42,082 13,858 5,5l4 61^53 +148 + 13 -281 +440 + 1 + 10 +451 + 10 + 44 + 1 +4,172 -l,6c4 + 9 +2,576 40,8lO + 81 795 927 154 2lk 176 - 8 - 48 - 7 + 18 + 95 +133 40,996 +2,364 795 + 311 + 261 . 945 168 + 32 194 + 17 248 - 935 43,346 +2,051 +319 - 70 +249 + 73 +176 + + + + - ^3,077 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) +4,187 39,829 18,377 3,712 22,089 21,721 368 - 69 1 3 4 526 353 879 952 73 -- 43 40 602 33 1,392 42,387 13,859 5,533 61,779 18,432 3.867 22,299 21,884 | 415 On November 3, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7;923 million, a decrease of Digitized $176 for FRASER million for the week and a decrease of $253 million from the comparable H.4il(a) CONSOLlIAttfit) StfA^MEM» Of CONDITION OF THE TWELVE FEDlHAL BESEKVE BANKS ( i n millions of d o l l a r s ) Nov. 3, 1965 ASSETS Gold c e r t i f i c a t e account Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves Cash (653) Discounts and advances Acceptances: Bought outright Held under repurchase agreements F. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities 4 131 635 6 269 + 20 226 2 22 + - 3 14 8,899 +1,039 +3,5^5 305 6,550 40,277 + 1 ,,328 +1,039 40,277 -1,039 40,995 +1,332 6,613 102 1,178 (2,231) 62T597 + 383 1 - 122 +17582 (1,578) (653) 36,109 + 178 +4,568 - 244 +4,324 +4,539 + 620 + 674 +"4~72T4 +2,629 18,432 945 168 194 19,739 +1,045 - l4o + 15 2 + 918 + + + 5,221 311 (2,231) 61,380 + 434 + 25 +1,555 + 415 + 200 +4,663 Other Total deposits (1,578) CAPITAL ACCOUNTS 546 Capital paid in Surplus 524 Other c a p i t a l accounts 147 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,231) 62,597 Ratio of gold c e r t i f i c a t e reserves t o F. R. note l i a b i l i t y (computed from figures as shown on the following pages--not consolidated) 36.9$ Contingent l i a b i l i t y on acceptances purchased for foreign correspondents 155 * + + 24,828 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES -1,775 + 176 -1,599 11,905 1,673 13,578 ^3 40 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Nov. 4, Oct. 27, 1964 1?65_ 986 399 37 3 +I75I9 + - + 27 25 466 8 +4,2ir .H70 - 7.75* + 30 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 3, 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 advances 598 Within 15 days 16 days t o 90 days 37 91 days t o 1 year -Over 1 year t o 5 years — Over 5 years t o 10 years — Over 10 years Total ^3F Acceptances h9 34 ---~8I Holdings 7,355 3,655 18,9^9 8,484 1,449 385 40,277 Changes during week +6,656 -6,200 + 583 -+],0S9 H.4.l(h) STATEMENT OF CCNDITICN OF EACH FEDERAL RESERVE BANK ON NCVEMBER 3, 1965 Total Boston New York Philadelphia Minne- Kansas D a l l a s apolis I City- Cleve- Rich- Atlanta Chicago St. Louis land mond (in millions of dollars) San Fran cisco A S S E T S 11,905 1,673 13,578 780 95 875 2,819 386 3,205 834 90 924 956 148 1,104 1,094 139 1,233 F. R. notes of other Banks Other cash 653 131 66 11 129 17 37 6 35 9 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 635 154 8 43 40 4o Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Total U. S. Government securities 511 162 31 193 478 _6L 543 349 55 404 1,381 196 1,577 85 9 60 11 65 25 22 7 33 4 22 7 34 7 65 18 39 34 29 164 28 63 42 8 63 451 741 603 491 1,491 343 191 349 357 1,249 1,260 332 2,c43 2,068 545 3,354 1,679 443 2,725 1,370 ^62 2,223 4,160 1,0Q8 6,749 956 252 1,551 . 2,,?25_ 2.223 - 6 , , 749 1,551 _2L 448 i2_ 43 8,899 466 24,828 6.550 40,277 1,303 344 2,113 _4o,277 669 2,030 310 2,340 574 2,167 6,044 1.594 9,805 2 , 1 1 3 . . - 9,.8Q5„._ 2.C43 ..&35k-. 532 973 997 l4x>_ 26325X863 1,617 1,579 . 3,486 Q20 . 5,655 863 _ ! * 5 I 9 _ - 1 , 6 1 7 _5-,i55__ Total loans and securities 40,995 2,116 10,042 2,051 3,393 2,759 2,252 6,913 1,579 926 1,621 1,625 5,718 Cash items in process of collection Bank premises Other assets 8,191 102 .1*128 570 3 1,391 8 _J0J_ 525 3 62 555 5 .101 7C4 5 _65_ 621 20 __67_ 1,387 21 174 420 502 4l4 6 _56_ 11 60 829 10 161 3,7CO 10,925 2,587 273 3 26 1,458 2,555 8,378 TOTAL ASSETS 64,828 _5i_ 3,697 15,099 3,608 5,2C4 4,860 7 4l 2,757 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 3, 1965 Total LIABILITIES Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer-general ac: count Foreign Other Total deposits Deferred availahility cash items Other liabilities and accnled dividends TOTAL LIABILITIES Boston New York Phila- Cleve- Rich- Atlanta Chicago St. Louis delphia land mond (in millionsj of dollars) Mirme - Kansas Dallas apolis City San Francisco 36,762 2,180 8,293 2,146 3,133 3,284 2,137 6,734 1,405 681 1,405 1,158 4,206 18,432 945 168 864 57 8 1,358 83 15 * 1,456 873 47 8 7 935 959 24 10 1 994 2,697 137 23 1 2,858 94 6 1 796 434 67 4 843 58 7 929 794 30 9 1 834 695 194 19,739 4,895 I89 1/46 124 5,254 3,079 137 22 55 3,293 6,799 514 1,153 548 480 559 481 1,107 80 311 15 63,611 3,638 14,780 16 3,544 27 5,096 18 4,796 29 29 6 49 47 12 28 26 10 * 505 911 94l 22 10 1 97^ 333 237 375 339 673 17 49 3,629 10,748 11 2,545 7 1,430 13 2,704 15 2,486 43 8,215 78 75 19 18 5 13 12 3 24 23 6 32 31 6 72 70 21 * CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for forei-gn correspondents 546 524 l4j_ 26 25 8_ 143 137 39_ 64,828 a, 691 15x029.- 155 7 2/4i 33 31 7 2.4 ._V86_0__ 9 8 14 --2,.58'L.-1^45J_ .-2*151—_gx555__8,3I8__ 9 22 5 3 7 9 21 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 38,681 2,271 8,654 2,219 3,332 3,412 2,279 7,097 1,490 718 1,469 1,256 4,484 6,505 33 33,420 44o 1,000 600 853 450 1,100 225 180 735 7,900 2,950 2,590 1,850 6,100 295 27 1,260 127 1,865 500 6 1,900 605 1,300 1,100 4,000 39,958 2,305 8,900 2,4o6 3,550 3,443 2,300 7,200 1,582 732 1,525 1,280 4,735 1/ After deducting $122 million participations'of other Federal Reserve Banks, 2/ After deducting $lll*. million participations of other Federal Reserve Banks• * Less than $500,000.
@FedFRASER