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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1**** For immediate release October 7, 1965 The average of daily figures of total member "bank reserves held during the week ended October 6 increased a net of $194 million to $22,084 million. Estimated currency and coin of member banks decreased $131 million and their reserve balances at the Federal Reserve Banks increased $325 million. Estimated required reserves increased $30 million; and estimated excess reserves increased $164 million to $496 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $40 million, compared with the revised net borrowed figure of $221 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $776 million in.U. 3. Government securities bought outright and $27 million in acceptances held under repurchase agreements. The principal offsetting changes were a decrease of $177 million in Federal Reserve float, and increases of $202 million in currency in circulation and $87 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $618 million. As of Wednesday, October 6, holdings of U. S. Government securities bought outright were $222 million higher than a week earlier and member bank borrowings were $376 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U« G. Government securitiesBought outright--System account Held under repurchase agreements Acceptances— Bought outright Held under repurchase agreements [Discounts and advancesMember bank borrowings %her 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 £\ 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 endecj. Wednesday, Oct. 6, Oct. 7, Sept. 29, Oct. 6, 1964 1965 1965 1965 (In millions of dollars) 39,850 +776 4o 37 4 27 536 - 17 + 5 -177 +4,301 - 210 + - 2 24 + 166 + 9 99 +4,145 -l,6c6 39,791 39 36 +2,463 499 12 1,543 la, 920 13;859 5,491 61,270 42,973 +202 - l4 + 87 - 12 + 22 + 11 +295 +2,279 + 340 + 210 + 56 + 17 - 870 +2,031 40,692 802 1,224 183 210 228 43,339 18,557 3.527 22,084 21,588 496 +325 -131 +194 + 30 +164 + + + + + 17/931 11 42,196 13,857 5,477 61,530 4o,488 797 1,048 187 221 233 - 11 432 393 825 762 63 3,675 21,606 21,468 j 138 On October 6, 1965, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,718 million, an increase of $120 million for the week and a decrease of $675 million from the comparable date a year ago* 1.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Oct. 6, 1?65 ASSETS Gold c e r t i f i c a t e account Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bends Total bought outright Held under repurchase agreements Total U. S. Government s e c u r i t i e s 11,928 I3758T (639) Total loans and s e c u r i t i e s Cash items i n process of collection Bank premises Other a s s e t s TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes "* Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Change since Sept. 29, Oct. 7, 1964 196"5 - 10 +_J - 3 - 7 -1,760 + 160 -i,6co h3 HO 511 +381 + 299 39 36 + 1 + 13 - 8,4i3 +222 +3,116 24,828 6,550 39,791 +222 - 305 +1,328 +47139 ¥7(91 +222 - 1 26 - 209 40,377 (1,543) 6,018 102 (2,182) 61,426 (639) 35,838 +244 +2,658 17,931 1,224 183 210 19754^ +134 +372 - 12 + 14 + 602 + 44 + 6 +491 + 666 4,475 346 (2,182) 60,207 - 77 + 10 + 368 + .226 +3,928 (1,543) CAPITAL ACCOUNTS Capital paid in "" "~ 545 Surplus 524 Other capital accounts 150 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,182) 6l,426 + 24 +693 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 37.2$ -.2$ - 7.8$ Contingent liability on acceptances purchased for foreign correspondents 155 + 6 + 2 9 * 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, OCTOBER 6, 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 495 16 — 511 Acceptances 42 33 75 U. S. Government securities Changes Holdings during week 921 9,832 18,720 8,484 1,449 , 38j> 39,791 - 42 + 54 +210 +222 H. 4. 1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 6, 1965 Total Boston Nev York Philadelphia Cleve- Rich- Atlanta Chicago land mond 1 (in millions of dollars) St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 11,928 1,656 895 94 989 2,036 70 10 364 31 395 572 65 637 330 55 385 1,342 2,491 494 61 555 54 10 64 20 21 6 32 3 23 5 31 5 55 15 32 14 315 8 6 38 14 13 -— -_- -- --- --- -_ -- --- --- __ „ 435 702 571 1,367 310 152 327 351 1,182 -- -- -- -- -- -- -- -_ -.-. 1,283 2,073 1,684 1,326 444 350 965 255 274 920 2,056 3,322 913 24l 3,488 547 2,699 2,126 450 119 721 1,038 338 4,036 1,065 6,468 1,547 1,663 5,590 -- -- -- -- -- -- -- -- -- .32*191 _2jC6l_^IQ^QTJL._2,.056__3a322__„2*62SL 2,126 6,468 1,464 721 „i,.5j±I_ l>663_. 5,590. 1,005 1,153 140 132 2,^25 787 89 876 1,145 131 15 49 7 J}JLsc cunts and advances 2 44 ! 511 Acceptances: — 3ought outright i 39 39 -"Held under repurchase agreements 36 36 U.. S. Government securit ie S • ' Bought outright — Bills 436 ! 8,413 2,130 ---Certificates Notes i 24,828 1,286 6,286 Bonds ! 6,5501 339 1,658 Total ! 39,791 2,061 10,074 Held under repurchase agreements ---- F. R. notes of other Banks Other cash Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS ! 13758H ; 639 110 389 2,179 1,285 771 96 867 32 8 77 6 2 23 — -- k^O „ 312 1,464 „ 192 1,534 4o,377 2,063 10,193 2,058 3,345 2,731 2,140 6,783 1,472 727 1,585 1,677 5,603 494 3 58 1,357 509 5 108 616 5 68 593 20 70 1,295 21 179 374 7 42 253 3 27 486 6 56 386 8 328 448 3 66 11 65 750 10 168 63,608 3,687 14,457 3,507 5,152 4,788 3,754 10,853 2,477 l,44o 2,798 2,560 8,135 7,56l 102 1,235 H.4.1(c) STATEMENT OF CCNDITICN OF EACH FEDERAL RESERVE BANK ON OCTOBER 6, 1965 Boston New York Philadelphia 36,^77 2,172 8,187 2,130 3,H3 17,931 1 1,224 183 ! 210 19,548 875 87 1 972 4,475 227 1/50 131 4,883 794 101 10 * 905 ; 6,018 469 977 346 62,389 16 3,629 91 545 524 150 J>l,6c8 Total 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 a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES Kansas Dallas City San Francisco 679 1,400 1,151 4,192 732 454 60 4 2 520 874 97 8 3 982 945 58 10 1 1,014 2,952 96 24 62 3,134 1,043 293 205 349 309 599 19 3,683 53 10,675 12 2,435 8 1,412 14 2,745 17 2,491 47 7,972 32 78 75 25 19 18 5 13 12 3 24 23 32 72 70 21 10,853 2.477 1,440 2,798 2,560 Cleve- Rich- Atlanta iChicago S t . mend land Louis ( I n millions5 of d o l l a r s ) Minneapolis 3,244 2,1C6 6,705 1,398 1,309 123 16 1 1,449 873 86 9 7 975 1,030 66 U 1 1,108 2,687 160 26 1 663 63 6 2,874 388 451 485 450 14,138 19 3,442 30 5,C43 20 4,724 26 25 7 143 137 39 29 29 7 49 47 13 28 26 10 3,687 14,457 3,507 5,152 4,788 * CAPITAL ACCOUNTS Capital paid ±& Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent l i a b i l i t y on acceptances purchased for foreign correspondents V. R. n o t e s outstanding C o l l a t e r a l for F. R. n o t e s : Gold c e r t i f i c a t e account E l i g i b l e paper U. S. Government s e c u r i t i e s Total c o l l a t e r a l 155 I_ 2,266 2/4l 2_ 8753T~2j2C5 8" -3-il5L- 22 9_ FEIERAL RESERVE AGENT'S ACCOUNTS 2_ 8,135__ 21 14 8 37312 37371 27240 TJvfB 17472 7T6 1?&3 17241 4,450 5_ 3_ I_ 440 1,0C0 465 6C0 833 450 1,100 295 127 225 180 735 1,865 7.700 1,800 2,775 2,560 1,850 6,100 1,260 605 1,250 1,100 4,000 2,305 8,700 2,266 3,375 3,393 2,300 7,200 1,563 732 1,475 1,280 4,735 y After deducting $133 million p a r t i c i p a t i o n s of other Federal Reserve Banks. ? ' After deducting $Ll4 million p a r t i c i p a t i o n s of other Federal Reserve Banks. 3 * Less than $500,000.
@FedFRASER