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FEDERAL H.iVi^K^ RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release September 23, 19^5 The average of daily figures of total member bank reserves held during the week ended September 22 increased a net of $560 million to $22,l43 million. Estimated currency and coin of member banks decreased $82 million and their reserve balances at the Federal Reserve Banks increased $642 million. Estimated required reserves increased $564 million; and estimated excess reserves decreased $4 million to $460 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $167 million, compared with the revised net borrowed figure of $94 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $718 million in Federal Reserve float, $87 million in U. S. Government securities held under repurchase agreements, and $69 million in member bank borrowings, and decreases of $169 million in currency in circulation, $92 million in "other" F. R» accounts (net), and $25 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $467 million in U. S. Government securities bought outright, and increases of $36 million in Treasury deposits with Federal Reserve Banks and $l6 million in other deposits with Federal Reserve Banks. Total Reserve Bank credit increased $410 million. As of Wednesday, September 22, holdings of U. S. Government securities bought outright were $349 million lower than a week earlier and member bank borrowings were $665 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought 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 P. 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 Eanks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, Sept. 22, Sept. 15, Sept. 23, Sept. 22, 1964 1965 1965 1965 38,621 87 -467 H 87 +3,717 + 87 38,619 36 35 627 8 2,539 41,918 13,858 5,470 61,245 + 69 + 2 + 218 + 7 6 1,986 +718 +4To + 1 + J_4 +4To +2,394 So78T5 40,319 812 1,023 187 207 220 42,769 -169 + 3 + 36 - 25 + 16 - 92 -232 +2,127 + 364 + 61 + 56 + 14 - 834 +T7F87 40,315 826 1,000 180 208 __2l§ 4"2,7^7 18,478 3,665 22,143 21,683 460 +642 - 82 +5S0 +564 - 4 + 608 + 279 +~887 + 908 - 21 18,128 4,033 22~l5i 21,71^ 447 +4,098 -l,6o4 - 99 Sl75>7 13,859 5,469 On September 22, I965, U. S. Government securities held in custody "by the Federal Reserve Banks for foreign account were $7,646 million, an increase of $257 million for the week and a decrease of $861 million from http://fraser.stlouisfed.org/ the comparable date a year ago. Federal Reserve Bank of St. Louis H. If. 1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDEBAL RESERVE BANKS (in millions of dollars) Sept. 22, 1965 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves (747) Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES -1,772 + 160 -1,612 123 9C6 + 6 +665 40 + 175 36 14 7,24l -349 +2,663 24,828 6,550 38,619 -349 - 249 +1,424 +3,838 387619 -349 +37838 39,561 +316 +3,999 (1,738) 7,686 102 1,168 (2,485) 62,224 -129 +1,010 + 22 +212 + (747) 35,520 -135 +2,585 18,128 1,000 +644 -146 + 516 47 180 - 16 208 - 3 + + 52 9 19,516 (1,738) 5,700 323 +479 + 530 -156 (2,485) 61,059 +188 +1,054 + 226 +4,395 Total loans and securities L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign 1 2 - 11,931 1,653 13,584 Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Sept. 15, Sept. 23, 1964 1965 C A P I T A L A C C O U N T S Capital paid in 544 Surplus 524 Other capital accounts 97 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,485) 62,224 + 24 +212 579 +3,936 + 27 - 466 20 +3,936 Ratio of gold certificate reserves to F. R. note liability .(computed from figures as shown on the following pages--not consolidated) 37-5$ - 7Contingent liability on acceptances purchased for foreign correspondents 1^1 + 1 + 1 1 * 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, SEPTEMBER 22, 196$ (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>S Within 15 days l6 days to 90 days 91 days to 1 year Over 1 year to 5 years irs Over 5 years to 10 years Over 10 years Total Acceptances 893 13 9 27 « ..-. — 906 -« -36 U. S. Government securities Changes during week Holdings 923 9,583 17,795 8,1+81* 1,^9 - 33 -289 - 27 ---- 385 38,619 ^ H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 22, I965 Total 1 Boston New York Phila- Cleve' delphia land (Tn Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco millions of dol]Lars) A S S E T S 2,998 13,584 723 94 817 3,379 640 89 729 747 123 78 11 153 18 64 6 Discounts and advances 906 Acceptances: Bought outright 36 U. S. Government securities: Bought outright-7,24l Bills -Certificates Notes 24,828 Bonds 6,550 Total 38,619 Held under repurchase agreements -- 5 339 8 -- 36 372 1,985 -- 1,776 -6,089 1,606 9,^71 -- Total U. S. Government securities 38,619 1,985 Total loans'and securities 39,561 9,424 Gold certificate account Redemption fund for F- R. notes Total gold certificate reserves F. R* notes of other Banks Other cash 11;931 1,653 381 2,024 1,223 566 96 662 38 10 83 7 1 1,069 2,337 420 62 482 152 31 183 63 10 76 24 25 6 32 42 333 -- -- — 1,089 i4o 134 1,209 — — 375 597 492 398 __ 1,288 -2,047 — 1,686 -1,363 340 540 445 360 2,003 — 3,184 -- 9,471 2,003 1,990 9,846 2,011 1,759 1,168 605 3 56 8 302 548 3 63 64,709 3,560 15,465 3,424 -- 1,276 337 313 376 1,591 442 283 55 338 32 4 25 5 33 5 77 17 7 28 63 19 29 -- -- — -- -- 269 160 291 301 -- — __ 921 243 550 145 855 999 263 -1,034 1,000 -3,428 2,623 -- 2,121 -- 1,210 -4,147 1,094 6,451 -- 1,433 -- 3,184 2,623 2,121 6,451 3,185 2,655 2,163 640 5 102 750 5 63 5,189 4,786 66 192 1,783 273 90* 5,332 -- -- 1,553 -- 1,608 -- 1,433 855 1,553 1,608 5,332 6,784 l,44o 883 1,616 1,627 5,361 761 20 68 1,549 457 7 40 301 3 27 575 6 54 467 11 63 1,012 21 170 3,747 10,961 2,457 1,433 2,723 2, 544 8,420 1 j Cash items in process of collection Bank premises Other assets TOTAL ASSETS 102 10 lc'O H. 4 . 1 ( c ) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 22, 1965 Total Boston New York 36,267 2,162 8,15^ 2,126 3,101 3,205 2,080 6,657 1,393 694 34 10 777 107 9 6 899 959 63 11 1 1,034 2,774 81 26 2 2,883 612 30 6 738 1,336 34 16 1 1,387 ~6T8~ 547 1,203 LIABILITIES Federal Reserve notes Deposits: Member hank reserves U.S. Treasurer-general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Phila- Cleve- Rich- Atlanta Chicago St. delphia land mond Louis (In millions; of dollars) 18,128 1,000 180 208 i 19,516 701 40 9 750 5,081 385 1/47 135 5,648 7,438 576 1,275 481 569 603 16 82 ! 323 :63,544 3,504 15,159 17 3,362 28 5,085 19 4,726 143 137 26 29 29 4 49 47 8 27 26 7 64,709 3,560 15,465 3,424 5,189 4,786 * * Minne- Kansas Dallas apoli s City San Francisco 1,391 1,147 4,172 418 41 4 3 "456" 824 32 8 3 867 896 37 10 1 944 3,056 116 24 56 3,252 365 253 400 369 797 18 49 3,679 10,792 11 2,417 8 1,406 14 2,672 17 2,477 44 8,265 78 75 16 19 18 13 12 3,747 10,961 2,457 679 * CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents i ! 544 524 \ _27_ 1 26 25 5 32 31 5__ 3__ 2 24 23 4_ 32 31 k__ 2,723 2,544 6 8 72 7C 13 8.42C _l^433 l4l 7__ g/37 8 7 13 8 20 5„_ 3_ 19_ FEDERAL RESERVE AGENT'S ACCOUNTS F. R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r 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 collateral 2,263 8,516 2,211 3,313 3,346 2,237 7,083 1,479 717 1,459 1,243 4,465 420 1,000 465 7 1,800 2,272 600 833 450 1,100 127 225 180 735 2,775 3,375 2,j5 6j) 3,393 1,8§0 2,300 295 7 1,260 1,562 605 1,250 1,100 4.000 732 1,475 1,280 4,735 1,865 2,285 7,700 8,700 1/ After deducting $L33 million participations of other Federal Reserve Banks. 2/ After deducting $L04 million participations of other Federal Reserve Banks. 6,100 7,200 * Less than $500,000.
@FedFRASER