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••iiSSSsi-. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks II.4.l" For immediate release September. 2, 1965 The average of daily figures of total member bank reserves held during the week ended September 1 increased a net of $63 million to $21,581 million. Estimated currency and coin of member banks increased $102 million and their reserve balances at the Federal Reserve Banks decreased $39 million. Estimated required reserves increased $l6 million; and estimated excess reserves increased $47 million to $450 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $87 million compared with the revised net borrowed figure of $l43 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $265 million in Federal Reserve float, $85 million in U. S. Government securities held under repurchase agreements, and increases of $43 million in Treasury deposits with Federal Reserve Banks, and $22 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $103 million in U. S. Government securities bought outright, and decreases of $l8C million in "other" F. R. accounts (net), and $64 million in currency in circulation. Total Reserve Bank credit decreased $239 million. As of bought outright securities held bank borrowings Wednesday, September 1, holdings of U. 3. Government securities were $27 million lower than a week earlier, U. 3. Government under repurchase agreements were $174 million lower, and member were $323 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 vith 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, Aug. 25, Sept. 2, I Sept. 1, Sept. 1, . 1965 1964 . j 1965_ 1965 (in millions of dollars) 3ft,999 39,074 78 +103 - 85 +3,930 + 60 36 19 + 19 1 16 18 222 131 " 24 +4,202 -1,6o4 - 118 +2,481 1,284 55,468 13,859 5,463 59,790 +2,o48 + 392 + 93 + 76 - 14 - 801 40,170 537 9 - l -265 -239 1,427 4.1,170 13,858 5,454 60,483 + 13 ^224" 4o,055 815 951 240 177 398 42,636 - 64 - 9 + 43 + 22 - 1 -180 -I87 17,846 3.735 21,581 21,131 450 - 39 +102 + 16 + 47 + 36 815 1,260 ^1779^ 207 181 375 43,cc8 + 687 + 363 +1,050 + 99B + 52 16,782 3,862 20,644 21,231 -587 On September 1, 1965, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7^265 million, an increase of million for the week and a decrease of $9^4 million from the comparable Digitized for $119 FRASER date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CCNTITICN OF THE/TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Sept. 1, —J26S- ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-- 12Q_ - 1 + 7 — + 2 -323 36 l8 „ + 18 ? 6 7/773 - 95 +2,661 2^,759 6^467 3^,999 + 9 + 59 - 27 -174 -201 -506 - 278 +l,te +3,805 - 123 +3,682 +3,706 Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES i265 11,950 1^646 13 5§6 ' -* (695) 113 131 Bills Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Aug. 25, Sept. 2, — 38,999 39,184 -1 775 + '1B3 ~1 592 k3 32 (1,476) 5,847 102 1,091 (2A71) 59,933 +192 + 468 +192 ^120 + 610 +3,1^9" (695) 35,372 + 30 +2,525 16,782 1,260 207 181 l£^30 -837 +448 - 10 - 197 + 529 + 30 4,5b3 +225 + 2 -145 (i,W 364 (2,171 58,729 CAPITAL A C C O U N T S Capital paid in 544 Surplus 524 Other capital accounts 136 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,171) 59,933 0 -402 --- + 25 -120 + 360 + 450 + 261 +3,596 + 27 - 466 8 +3,149 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 37-7$ -.1$ - 7«8$ Contingent liability on acceptances purchased for foreign correspondents ikk - 3 + 1 2 * 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, ''gSFIEMFERJL, 19^5 (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 ITS Over 10 years Total Acceptances U. 8> Government securities Changes Holdings during week 121 10 27 27 — — -— -« -- 995 10,189 17,648 8,378 l,4o8 381 131 55 3F7999 -391 + 93 + 29 + 37 + 21 + 10 -201 STATEMENT OF CONDITION OF EACH FED H. 4 . 1 ( b ) Total Boston New York RESERVE BANK ON SEPTEMBER 1, 1965 Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco fin 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 Banks Other cash 11,950 1,646 13,596" 695 113 Discounts and advances 131 Acceptances: Bought outright 36 Held under repurchase agreements 18 U. S. Government securities: Bought outright-Bills 7,773 Certificates Notes 24,759 Bonds __6,467 Total 38,999 Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS _3A99£ 642 94 2,496 384 73b 2,880 73 10 146 17 6 25 701 90 791 1,067 l4i 1,208 1,183 137 1,320 646 92 738 2,330 304 2,634 60 5 37 9 71 7 71 11 69 23 27 6 11 19 13 426 1,298 288 172 1,360 4,136 1^080 355 2,l4l ""6,5i4 919 240 548 144 10 178 409 62 31 "471 ~~ 209 32 4 480 63 543 305 55 360 1,513 193 1,706 23 4 28 5 58 12 12 11 313 324 36 18 403 64i 528 l, 284 336 2,023 2,04l 533 3,215 1,682 439 2,649 _2,_004 _9,565. __2_,023 3,215 400 1,907 1,272 6,072 33_2_ _1^86 2,004 9,565 "1,447" 1,073 3,418 996 1,031 260 269 893 ' 1,569 ~1~,624 ~"57385 _2,_649_ _ 2 z l 4 l ___JL,5l4____iiit!L7_._86U_._1_;569_. 1^624_ .5,384 39,184 2,010 9,644 2,025 3,225 2,664 2,152 6,533 1,460 871 1,581 1,635 5,384 7,323 102 499 3 53 1,375 8 283 452 3 59 523 5 96 54l 5 59 622 20 63 1,239 21 159 342 7 37 24l 3 24 444 6 50 363 11 59 682 10 l49 3,384 14,353 3,395 5,103 4,667 3,677 10,678 2,350 1,384 2,651 2,46l 8,001 .„..1/091 62,104 . H.4.l(c) LIABILITIES Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer-general account Foreign Cther Total deposits Deferred availability casia jstems Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability en acceptances purchased for foreign corre spondent s STATEMENT OP CONDITION OF EACH FEDERAL RESERVE. BANK ON SEPTEMBER 1, 1965 Total Boston 36,067 2,147 8,147 2,120 3,073 3,183 2,066 6,598 1,387 667 1,390 1,141 4,148 16,782 1,260 . 207 181 JI .18,430 600 75 10 4,303 251 1/55 116 4,725 705 84 12 1 802 1,272 129 18 1 1,420 833 113 10 6 962 939 78 12 ? 1,031 574 61 7 * 642 422 59 5 * 486 390 471 439 489 267 195 757 90 9 3 859 334 867 56 12 1 936 296 2,858 134 28 1,073 2,652 130 29 1 2,812 1,036 364 ' 18 92 j 60,900 3,326 14,037 1 19 3,331 32 4,996 20 4,6o4 21 56 3,607 10,502 13 2,309 9 1,357 16 19 2,599 2,392 49 7,840 143 137 36 29 29 6 49 47 11 27 26 10 19 18 4 13 12 2 "62,io4 _3_,_384_ 14,353 3,395 5,103 4,667 _3^6lL_ 10,_6l8_ 2,350 1,384 8 13 1 6,039 1 | 544 524 136 144 ; 685 476 26 25 7 7 2/38 Phila- Cleve- Rich- Atlanta Chicago St. delphia land mond Louis (In millions; of dollars) 1 J "" '" "" San " Minne- Kansas Dallas Franapolis City cisco New York 7 32 31 7 9 78 75 23 21 5 3 24 23 5 3,070 573 32 31 6 72 70 19 2,651 2,461 8,001 6 8 1£_ 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 2,265 8,526 2,211 3,278 3,321 2,216 7,027 1,462 706 420 1,000 600 803 4oo 1,100 225 180 735 7,700 8,700 2,775 2,56C 1,850 6,100 595 1,250 1,100 4,000 3,375 3,363 2,250 7,200 295 13 1,260 1,568 127 1,865 2,265 465 1 1,800 2,266 722 1,475 1,280 4,735 l / After deducting $152 m i l l i o n p a r t i c i p a t i o n s of other Federal Reserve Banks, 2 / After deducting $106 m i l l i o n p a r t i c i p a t i o n s of other Federal Reserve Banks. 1,449 1,243 4,430 * Less than $500,000.
@FedFRASER