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FEDERAL
RESERVE
Factors Affecting Bank Reserves and
Condition Statement of F.R. Banks
For immediate release
October lk, I965
The average of daily figures of total member bank reserves held during
the week ended October 13 decreased a net of $337 million to $21,717 million.
Estimated currency and coin of member banks increased 5J&5 million and their
reserve balances at the Federal Reserve Banks decreased $382 million. Estimated
required reserves decreased $2C1 million; and estimated excess reserves decreased
$136 million to $306 million. Member bank borrowings at the Federal Reserve Banks
exceeded excess reserves by $189 million, compared with the revised net borrowed
figure of $9^ million the week before.
The principal changes reducing average reserve balances with Federal
Reserve
Banks were decreases of $101 million in U. S. Government securities bought
outright and $kl million in member bank bcrrowings, and an increase of $326 million
in currency in circulation. The principal offsetting changes were an increase of
$30 million in U. 3. Government securities held under repurchase agreements, and
decreases of $30 million in "other" F. R. accounts (net) and $27 million in
Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased
$135 million.
As of Wednesday, October 13, holdings of U. S. Government securities
bought outright were $98 million lower than a week earlier, U. S. Government
securities held under repurchase agreements were $207 million higher, and member
bank borrowings were $1*39 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
AcceptancesBought 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,
Oct. Ik, Oct. 13,
Oct. 6,
Oct- 13,
196k
1965
1965
1965
(In millions of dollars
-101
+ 30
+4,217
- 101
39;693
207
18
- 19
1
38
39
17
1^95
12
1,717
42,061
13,857
5,^93
61,1*10
- kl
+ 1
-135
+ 16
-120
+ 256
+ 10
- 158
+4,185
-1,605
48
z
+2,531
938
12
1,211
k2,117
13,859
5,503
61,479
4o,8l4
802
1,021
178
218
203
^3,236
+326
+ 5
- 27
- 9
- 3
- 30
+263
+2,3^9
+ 332
+ 156
+
1+5
+
kl
- 825
+2,096
k0}9&
812
916
168
195
81
43,1^0
18,175
3,5^2
21,717
2 1 , kU.
3C6
-382
+ ^5
-337
-201
-136
+
+
+
+
-
18,339
39,7^9
30
ko
- k
436
296
732
836
10^
h,o^
22,37^
21,781
593
On October 13, 1965, tl. S. Government securities held in custody by
the Federal Reserve Banks for foreign account were $7/787 million, an increase of
$69 million for the week, and a decrease of $5j6 million from the ccmpax-akle date
a year ago.
H. 4.1(a)
CONSOLIDATED STATEMENT OF CONDITION
OP THE TWELVE FEEEEAL RESERVE BANKS
(in millions of dollars)
Oct. 13,
1965
A S S E T S
Gold certificate account
Redemption fund for F. R. notes
Total gold certificate reserves
(566)
-1,750
+ 1^9
-1,601
2
*69
38
+ 871
17
19
1
35
8,315
98
+3,559
112
+
950
39
214,826
6,550
39,693
207
207
39,900
+_ 109
+ 181
+4,763
40,906
+
+5,598
6,679
102
1 256
(2,3C8) 62]633
+
+
(566) 36,108
+
18,339
916
168
195
19,618
5,^68
303
( 2 , 3 0 8 ) 61,497
+
Total loans and securities
(1,7^2)
L I A B I L I T I E S
F e d e r a l Reserve n o t e s
Deposits:
Member hank reserves
U. 8. Treasurer--general account
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
1
5
6
11,927
1,6*51
13,578
Cash
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreements
U. S. Government securities:
Bought outright —
Bills
Certificates
Notes
Bonds
Total "bought outright
Held under repurchase agreements
Total U, S« Government securities
Cash items in process of collection
Bank premises
Other assets
TOTAL ASSETS
Change since
Oct, Ik,
Oct. 6,
1964
1965
(1,742)
C A P I T A L
ACCOUNTS
Capital paid in
~
545
Surplus
524
Other capital accounts
67
TOTAL LIABILITIES ANr CAPITAL ACCOUNTS (2,308) 62,633
- 305
4-1,328
9&
529
549**
21
+1*., 582
-
274
x991**
+ 615
+4,300
270
+2,756
+
4o8
3C8
15
15
+~~ 70
+1,487
- 126
+
38
6
+1,393
881**
43
+1,178**
+
+
TkyfeJ
83
+1,095**
+
25
- 466
23
+4.300
415
200
Ratio of gold certificate reserves to
F. R. notes liability (computed from
figures as shown on the following
pages—not consolidated)
37*0$
.2$
- 7*8$
Contingent liability on acceptances purchased
for foreign correspondents
15^
" " 1
+ 3 0
* Figures in parentheses are the eliminations made in the consolidating process;
see comparable figures on combined basis on the following pages.
** October 6 figures corrected*
__
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 13, 1965
(Acceptances and securities held under repurchase agreements are classified as
maturing within 15 days in accordance with maximum maturity of the agreements.)
Discounts and
advance IS
Within 15 days
16 days t o 9 0 days
91 days to 1 year
Over 1 year t o 5 years
trs
Over 5 years t o 1 0 years
Over 10 years
Total
Acceptances
U. S. Government s e c u r i t i e s
Changes
Holdings
d u r i n g week
--
-_
..«
—
1,132
9,828
18,622
8 , ^
1,^9
385
+211
- k
- 98
----
950
56
39,9C0
+109
935
15
23
33
STATEMENT OF CONLITICK' OF EACH FEDERAL RESERVE BANK ON CCTOEER 13, I965
H. 4.1(b)
Total Ecston
Nev
York
Philadelphia
Cleveland
Richmond
Atlanta Chicago
St.
Louis
Minne- Kansas
Dallas
apolis
City
San
Francisco
(In millions of dollars)
A S S E T S
Gold certificate account
Redemption fund for F. R. notes
Total gold certificate reserves
F. R. notes of other Eanks
Other cash
Total loans and securities
Cash items in process of
collection
Bank premises
Other assets
TOTAL ASSETS
550
65
615
296
54
350
52
10
59
20
19
5
29
3
21
6
27
5
54
14
27
26
475
13
32
48
9
32
-«..
-._
••
-~
--.
„
-.-
---
-_
-.-
—
_-
430
694
564
444
1,352
306
151
323
347
-•
__
-.-
-«-
--
--
__
--
__
--
1,326
2,073
350
444
547
3,3"13T 2,692 ~ 2,120
4,036
1,065
965
1,038
274
1,659
3,488
2,435
1,207
31
8
76
8
11
24
39
17
_--
2,105
--.
783
2,429
93
876
388
758
89
2,817 '
566 |
56
ice
|
j
954
139
1,075
847
a.,093
9
16
34
8
30
223
39
«...
17
•.-
430
1 1 2
>
Discounts and advances
jI
Acceptances:
\
Bought outright
t|
Held under repurchase agreements
U. S« Government securities:
j:
Bought outright—
j
Bills
Certificates
,i
Notes
j|
Bonds
f1
Total
[[
Held under -repurchase jagreeiaents
Total U. S. Government securities
338
31
369
1,234
2,747
457
61
518
618
96
714
11,927
@FedFRASER