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••&°y&,: R.k.i FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release October 28, 1965 The average of daily figures of total member bank reserves held during the week ended October 27 decreased a net of $412 million to $21,86l million. Estimated currency and coin of member banks increased $74 million and their reserve balances at the Federal Reserve Banks decreased $486 million. Estimated required reserves decreased $129 million; and estimated excess reserves decreased $283 million to $201 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $137 million compared with the revised net borrowed figure of $107 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $29*1- million in Federal Reserve float, $253 million in member bank borrowings, and $132 million in U. S. Government securities bought outright.^ The principal offsetting changes were decreases cf $119 million in currency in circulation, $78 million in Treasury deposits with Federal Reserve Banks, and increases of $21 million in acceptances held under repurchase agreements. Total Reserve Bank credit decreased $705 million. As of Wednesday, October 27, holdings of U. S. Government securities bought outright were $38 million higher than a week earlier, and member bank borrowings were $48 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought 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) 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. 28," Oct. 27, Oct. 27, Oct. 20, 1964 1965 1965 1965 (In millions of dollars) +4,381 39,238 3 6 4i 18 + 108 + 31 z 79 13,857 5,50^ 61,002 -253 + l4 -294 -705 - 1 + 3 -703 9 +2,824 333 33 1,443 4l,ic6 13,859 5,502 60,467 40,729 803 975 161 196 81 42,944 -119 - 7 - 78 - 9 - 8 + 3 -218 +2,396 + 336 + 165 + 24 + 11 - 844 +2,087 40,770 803 1,085 153 196 73 43, C80 18,058 3.803 21,861 21,660 201 -486 + 74 -412 -129 -283 + 737 + 355 +1,092 +1,195 - 103 17,387 4,218 21,605 21,724 -•119 39,292 -132 - 62 4o + 21 21 338 1,916 kl,6k2 +4,439 -1,605 On October 27, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,099 million, an increase of million for the week and a decrease of $422 million from the comparable date Digitized for$96 FRASER http://fraser.stlouisfed.org/ a vear aso. Federal Reserve Bank of St. Louis H. hi 1 ( a ) CONSOLIDATED 3TATElM$ 0£ CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of d o l l a r s ) Oct. 27, 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 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 Change s i n c e Oct. 28, Oct. 20, 196_4 1965 11,905 1,677 13,582 - 12 + 18 +~6" -1,780 + 177 -1,603 137 366 + 11 - 48 17 137 4l 18 + 2 + 18 + - 7,860 + 38 +2,997 24,828 6,550 39,238 + 38 - 305 +1,328 +4,020 39,238 +18 +4,020 39,663 + 10 +3,860 6,230 103 1,300 ( 2 , 3 4 4 ) 61,015 -936 + 1 + 22 -886 + 474 + 1 + 508 +3,223 (704) 35,931 - 5^ +2,718 17,387 1,085 153 196 18,821 -526 +194 - 9 - 5 -3^6 + + + + Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4,787 286 ( 2 , 3 4 4 ) 59,825 -507 - 5 -912 + 482 + 182 +3,679 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 546 524 120 ( 2 , 3 ^ 0 61,015 + 26 -886 + 25 466 15. +3,223 (704) Total loans and securities (1,640) Cash items in process of collection Bank premises Other assets TOTAL ASSETS LIABILITIES Federal Reserve notes Deposits: Member bank reserves IT* S. Treasurer--general account Foreign Other Total deposits (1,640) 3 26 93 375 2 13 297 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 37-1$ " 7-8$ Contingent liability on acceptances purchased for foreign correspondents 155 ~~ + 27 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pa^es* MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 27, 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 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 Total 329 37 -— — — 366 Acceptances 28 31 — -— — 59 U. S. Government securities Changes Holdings during week 699 9,855 18,366 8,U84 1>^9 385 39,238 ~3^5 +37^ + 9 " + 38 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 2J, H.4.1(b) Total Boston Nev York Philadelphia Cleveland Rich- Atlanta Chicago mond (In millions of dollLars) 1965 St. Louis Minne- Kansas Dallas City apolis San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 353 31 384 529 65 594 234 55 289 1,260 2,687 570 63 633 59 12 67 24 23 7 32 4 27 6 36 5 65 19 35 13 58 17 18 21 15 53 — -- --- __ -- --- --- -— --- -— --- 406 656 534 420 1,278 289 142 305 328 1,105 -- -._ -- -- -- -- -- -- -- -- 913 241 450 119 965 1,038 274 3,488 i;64"o~ 5,513 1,003 1,120 149 140 2,672 660 90 750 1,152 67 12 162 19 46 7 366 5 115 12 41 18 _-- 41 18 — -- 7,860 407 1,990 «.. -« -- 24,828 1,286 6,550 339 39,235" 2,032 6,286 1,658 9,934 1,283 11,905 1,677 13,582 797 95 892 2,285 F. R« notes of other Banks Other cash 70^ 137 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 -- -- 387 __ 338 2,027 — 2,376 1,260 718 95 813 35 11 85 11 4 311 4,036 1,684 1,326 2,073 444 350 1,065 547 3,2fS" 2,662~ 2,096"" 67379" -- — -- -- -- -- 255 1,525 — — 196 1,456 920 -- Total U. S. Government securities 39,238 2,032 9,934 2,027 3,276 2,662 2,096 6,379 1,443 711 1,525 l,64o 5,513 Total loans and securities 39,663 1 2,037 10,108 2,039 3,28o 2,697 2,109 6,437 1,460 729 1,546 1,655 5,566 Cash items in -process of collection Bank premises Other assets TOTAL ASSETS 7,870 521 1,347 467 554 642 644 1,315 393 261 498 444 784 103 3 8 345 3 5 20 21 188 7 3 28 7 11 70 5 114 58 68_ 10 177 14,661 3,382 5,151 1,441 2,736 2,508 8,077 „JL>3co 63,359 62_ 3,594 7JL 4,771 74_ 3,731 10,739 45_ 2,568 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 27, I965 — Total Boston New York Philadelphia " — - • Rich- Atlanta St. Chicago mond Louis Cleveland Minne- Kansas Dallas apolis City San Francisco (In millions of dollars): LIABILITIES 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign _ correspondents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 36,635 2,179 8,231 2,140 3,132 3,278 2,125 6,716 17,387 1,085 153 196 18,821 4,726 110 1/35 131 5,002 699 55 9 1 1,311 75 14 2 764 1,-402' 772 113 8 4 897 912 84 9 2 1,"007 2,612 93 23 1 2,729~ l,o4i 400 513 286 14 75 62,169 3,537 14,349 15 3,319 485 26 5,0~45 517 29 29 5 49 47 10 6,427 546 524 120 763 75 8 * 8T6" 498 26 2 1 143 137 32 63,359 3,594 14,661 155„ 17 4,709 28 26 8 33 31 6 .Am 78 75 20 682 1,399 657 130 5 1 439 64 4 797 92 7 2 * __ _____ 793 8____ 9 _ 22. _ _ 1_ FEDERAL RESERVE AGENT'S ACCOUNTS 1,155 """898 323 10 2,527 19 18 4 375 12 5_ 1,414 ""2,684 14 2,440 24 23 5 32 31 5 13 12 2 l,44l :rJ____^r ^-_°J_ L_. 4_._ 4,197 871 2,828 64 130 22 9 1 51 3,031 945" 652 326 220 •10x132-._2,568_ 9_ „ 7__ 3_L_ 7,918 72 70 17 8,077__ 9__ _______ 2,278 8,627 2,218 3,340 3,411 2,269 7,092 1,495 718 1,462 1,251 4,482 6,470 440 26 33,270 . 1,865 39,766 2,305 1,000 465 10 1,800 2,275 600 853 450 1,100 127 225 180 735 2,950 2,590 1,250 1,571 732 1,475 1,100 1,280 4,000 3,443 6,100 7,200 605 3,550 1,850 2,300 295 16 1,260 38,643 7,900 8,900 l/~After deducting"1j5il8 million participations of" other Federal Reserve Banks. 2/ After deducting $115 million participations of other Federal Reserve Banks. 16 44 3,661 10,566 3,382 _5/l.5i„ X_.. J-^iO _ 1,077 1,401 * Less than $500,000. 4,735
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