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o* GOV*/ . FEDERAL *"?f^UBi^. " RESERVE Factors Affecting Bank Reserves a m F o r immediate release Condition Statement of F.R. Banks October 27, 1966 The average of daily figures of total member bank reserves held during the •week ended October 26 decreased a net of $26 million to $23,281 million. Estimated currency and coin of member banks increased $96 million and their reserve balances at the Federal Reserve Banks decreased $122 million. Estimated required reserves increased $301 million; and estimated excess reserves decreased $327 million to $152 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $366 million compared with the revised net borrowed figure of $311 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $272 million in member bank borrowings, and $112 million in Federal Reserve float, and an increase of $218 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $19ij- million in U. S» Government securities bought outright and $79 million in U. S. Government securities held under repurchase agreements, and a decrease of $179 million in currency in circulation. Total Reserve Bank credit decreased $92 million. As of Wednesday, October 26, holdings of U. S. Government securities bought outright were $317 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $151 million higher, and member. b&kCborii^wings were $213 million lower. Member bank reserves, Reser^^^l^!^cre?5ij:, janfl/relafred items Reserve Bank credit: U. S. Government securities-Bought outright--System account Keld urn:or repurchase agreements Acceptances-Bought outright ^He.Ld 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 Bank Cwrency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Average of d a i l y i"igurj36 _ _ Week ended Change from week ended Wednesday, Oct. 26, Oct • 2 7 , Oct. 26, Oct. 19, 1966 1966 1966 1965 (in m i l l i o n s of d o l l a r s ) 42,715 79 +194 + 79 +3 ,^23 + 79 42,613 151 52 18 + 1 + 18 12 3 51 38 518 15 2,043 45,440 13,256 6,154 64,850 -272 --112 - 92 -+ 9 ^$3 + 180 19 + 127 +3 ,798 - 601 + 650 ^ 3 jm 582 15 1,524 wp$$ 43,088 1,138 924 127 432 -45 45,663 -179 + 18 +218 - 21 - 7 + 11 + 39 +2 ,359 + 335 51 34 + 236 - 126 +2 ,719 43,1H 1,156 840 14.1 428 -46 45,630 19,187 4,094 23,281 23,129 152 -122 + 96 - 26 +301 -327 +1.,129 + 312 _ _ ,441 +1 ,486 45 18,760 417975 13,259 6,163 4,5?o 23,2Qb 23,153 143 On October 26, I966, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,278 million, a decrease of ^70 million for the week and a decrease of $821 million from the ooinpa.rab.lo date H. 4.1(a) CONSOLIDATED STATEMENT OP CONDITION OF THE WELVE FEDERAL RESERVE BANKS (in millions of dollars) «fog. ASSETS Gold certificate "account Redemption fund for F. R. nbtes Total gold certificate reserves •Chang* class «ttrf» 10,958 1,805 12,76J ^ - Oott^ 2 2 5 - 9^7 * j^28 - 819 2 - 213 + 16^ + 231 + + + • Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— BiUs Certificates Notes Bonds Total bought outrltfit Held under repurchase agreements Total U. S, Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS LIABILITIES FederSllteser^e^notSs"""" 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 (848) 306 597 51 38 38 K> 20 10,796 4,366 21,013 6.438 42,61J 151 42,76** 43,450' + 317 — — + 317 + 151 + 468 • 293 +2,936 +4,366 -3>8l5 - H2 +3,375 + 151 ii^26 +3,787 -1,305 — t M + 498 + 1 (2,64l) 6,728 104 1*431 64,762 (848) 37,914 - +1,983 18,766 840 1 4 428, 20,175l 5,204 227 63,526- - 115 +1,379 28 - 245 1 + 3 - 1 2 5 + 232 - 145 +1,354 - 767 + 417 + 8 - 59 -1,026 +3,695' (1,793) (l,79>) (2,64l) 124 £ A P I TA L A C C O U N T S Capital paTd""in~ 566 + 20 Surplus 551 — + 2 7 Other capital accounts 145 + 3£ • 2£ TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,64l) 64,78a- 993 +3,767 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 32-9# — - 4.2> Contingent liability on acceptances purchased for foreign correspondents 222 3 + 6 7 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages, i/lncludes assets denominated in foreign currencies and IMF gold deposited. 2/lncludes IMF gold deposit. 1 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 27, 1966 (Acceptances and securities held under repurchase agreements are classified as maturing with 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days 579 16 days to 90 days 18 91 days to 1 year — Over 1 year to 5 years — Over 5 years to 10 years — Over 10 years _j^ Total 597 U 7 S. Government securities Changes Acceptances Holdings during week 52 1,735 +430 37 5,427 - 29 — 20, XLk V 67 — 13,699 — 1,192 •397 " H9 42,764 +555 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 27, 1966 E. If. 1(h) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Fran Cisco (In millions; of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 681 94 724 2,448 430 2,878 848 306 82 13 597 22 1,064 162 1,226 617 104 775 932 148 1,080 223 32 65 11 72 42 63 19 72 31 120 10 11 36 529 214 903 365 1,758 10,958 1,805 12,763 625 F. R. notes of other Banks Other cash 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 576 10,796 4,366 233 21,013 1,121 6.1^3 1+2,613 2,273 151 Total U. S. Government securities 42.764 2,273 10,204 Total loans and securities 1+3,450 2,295 Cash items in process of collection Bank premises Other assets l/ 8,521 104 ..1,431 559 3 67,423 TOTAL ASSETS 339 63 I69 33 449 70 321 61 402 202 519 382 1,251 216 1A67 70 44 27 3h 33 7 20 14 37 20 84 39 106 98 35 3 13 108 35 5^8 3,564 770 311 1.A98 459 3,038 560 227 1,089 3^4 2,210 1,818 735 3,538 1,084 7,175 395 160 769 2^5 1,559 230 93 447 137 907 421 4l3 167 170 805 820 247 252 1,632 1-,663 1,634 661 3,181 974 6,450 2,089 3.564 ^,038 2,210 7.175 1.559 907 1,632 1 .66^ 6.450 10,413 2,099 3,575 3,074 2,316 7,273 1,594 910 1,645 l ,771 6,485 504 3 65 616 5 106 688 61 1,493 9 521 5 72 690 20 68 l,4ii 20 185 425 8 4^ 290 3 27 3,737 15,569 3,522 5,496 5,147 3,918 11,390 2,533 1,472 99 51 38 51 38 2,547 1,030 4,957 1.519 10,053 1,030 ^16 2,089 151 1/ Includes assets denominated in fc>reign ctirrencies. and IMP1 gold deposited. . 2,062 325 721 2,387 61 796 10 169 2,840 2,7^9 9,050 581 8 , 53 468 10 H.4.1(c) STATEMENT OF CONDITION CF EACH FEDERAL RESERVE BANK CN CCTOBER 26, I966 Total Boston New York Philadelphia Cleveland Rich" St. Atlanta Chicago mond Louis Minneapolis Kansas Dallas City San Francisco 1,461 1,239 ^,531 818 54 1,001 6c 11 > (In millions; cf dollars) 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 38,762 j 2,315 ! 18,766 ' 840 | | 141 ! 428 20,175 6,997 227 776 44 6 1 827 522 12 66,161 3,676 566 551 1^5 27 27 7 67,^23 3,737 222 11 8,841 4,613 137 5,149 1,191 6c 2,198 3,225 3,537 2,215 7,083 854 88 7 946 71 8 2 1,027 587 12 2,84c 79 19 2_ 2,94c 1,11*5 36 761 1,497 97 57 12 7 #__ 1_ 1,606 826 535 421 19 10 15,2411. 3,^55 954 573 15 1,420 67C 52 4 ±_ 726 335 8 3,841 11,204 2,489 82 79 25 2C 19 5 J,i±7___3_,918_ 11,390 2,533 5,385 5,079 51 50 10 29 28 11 697 ^53 37 3 1. 494 247 5 1,^3 880 436 8 1,069 361 9 3,537 64 17 59 . 3,677 644 33 2,785 2,678 8,885 25 24 6 33 73 72 2C L. L CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES ANT CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 147 144 37. 30 30 7 15,5_69_ __3,522_ 5,^96 1/ 58 12 11 20 35 33 9 13 32 14 13 2 _1,472_ 2,840 J^9___3P5_c__ 8 5 1C 13 29 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 4-1,133 2,439 9,367 2,296 3,488 3,687 2,4c4 7,^39 1,513 739 1,548 1,352 4,861 i 6,455 39 36,431 5cc 1,CCC 60c 785 450 1,10C 225 180 735 8,7cc 3,cco 2,075 6,500 655 i,4oo 1,23c 4,600 42,925 2,516 9,7CC 2,945 3,73C 294 35 1,31C 127 2,Cl6 459 4 2,0C0 2,463 2,525 7,6cc 1,639 782 1,625 1,410 5,335 3,6oo -*-/ AX ocx- aeu.uco3.ng q> ^ miJLiion participations or other .federal Keserve items. 2/ Includes IMP gold deposit. 2/ After deductln.g $164 million participations of other Federal Reserve Banks. * Less than $500,0C0,
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