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FEDERAL RESERVE tors Affecting Bank Reserves and dition Statement of F.R. Banks For immediate release September 29, 1966 The average of daily figures of total member bank reserves held during the week ended September 28 decreased a net of $6l6 million to $23,133 million. Estimated currency and coin of member banks increased $95 million and their reserve balances at the Federal Reserve Banks decreased $711 million. Estimated required reserves decreased $ll4 million; and estimated excess reserves decreased $502 million to $82 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $568 million, compared with the revised net borrowed figure of $187 million the week before. The principal changes reducing average reserve balances with Federal | Reserve Banks were a decrease of $288 million in Federal Reserve float, $121 million in member bank borrowings, and $32 million in U. S. Government securities bought I outright, and increases of $4l0 million in Treasury deposits with Federal Reserve I Banks and $50 million in "other" F. R. accounts (net). The principal offsetting change was a decrease of $196 million in currency in circulation. Total Reserve ' Bank credit decreased $442 million. As of Wednesday, September 28, holdings of U. S. Government securities | bought outright were $366 million lower than a week earlier and member bank borrowings were $84 million higher. K A N S A S CITY, P U B L I C ]LIBRARY O C T - 31366 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 F. R. Banks foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Averages of daily figures Week ended Change from week ended Wednesday, Sept. 29, Sept. 28, Sept. 21, Sept. 28, 3-966___ ___ 1266____ 1966 1963 (in millions of clollars) 42,493 -47 -- 650 12 2,197 45,399 +3,419 __ - + 2 -- -121 + 1 -288 6,086 -442 -+ 12 64,7^2 -430 13,257 42,804 -196 1,092 1,032 138 + 8 +4l0 + 10 - 2 + 50 +2§T 401 218 4'5,'5B5 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) - 32 -- 19,056 4,077 23,133 23,051 82 -711 + 95 -616 -lib -502 42,037 — 11 10 b8 + 97 + 6 + 299 +3,821 - 601 + 612 + 3,832 979 12 1,647 44,723 13,259 6,086 64,068 + 2,518 + 281 + 71 6l + 202 42,838 -- 1,091 1,313 b 159 4o4 193 + 3,008 45,995 + 82b + 398 +1,222 +1,497 - 275 18,070 4,495 22,565 23,078 -513 On September 28, 1966, U. S. Government securities held in custody by Jhe Federal Reserve Banks for foreign account were $7,097 million, a decrease of *7 million for the week and a decrease of $501 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in m illions o f d o lla rs) Sept. 28, 1966 A S S E T S Gold certificate account Redemption fund for F. R. notes Total sold certificate reserve^ * 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 Total loans and securities Change since Sept. 21, Sept. 29, ____ 1266___ ___ 1965 10,968 1.824 12,792 320 (933) 991 6 25 19 + - + + 7 84 + + 86l — -- + ~ 10 23 48 — 10,220 4,366 21,013 6,438 42,037 -42.037 43,076 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS (1,781) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - 366 — — -366 ._ 366 282 795 203 + 2,029 +4,366 -3,815 - 112 +2,468 +2,468 +3,316 860 -1,889 -- 1,189 + 47 pg,098 2 21 +3,565 106 +2,102 (933) 37,696 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 175 6,817 104 (2.714) 64.298 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 2/ Total deDOsits 970 + + - + + 273 18,070 1,313 159 4c4 19,946 -1,025 + 234 + 44 + 4 - 743 + + “ + + (1,781) 5,170 220 -1,280 (2,714) 63,032 3 -2,132 + 618 - 116 +3,493 566 •*m 551 — ___ M (2,714) 64,298 ±---2it -2,098 46i 36 191 889 + 22 + 27 + 23 +3,565 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) + .1 $ 33.1$ - 4 .3$ Contingent liability on acceptances purchased _ for foreign correspondents 248 9 + 99 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figu res on combined basis on the follow in g pages. I/lncludes assets denominated in foreign currencies and IMF gold deposited. j/Includes IMF gold deposit.____________________________________________________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 28. 1966 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 bays 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 ** Less than $500,000. 975 16 ** — -991 Acceptances 4l 7 — --48 U. S, Government securities Changes Holdings during week 1,200 + 4l 5,589 -153 -254 19,960 -13,699 — 1,192 — ___ m 42,037 -366 H. 4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE Total Boston Nev York Phila delphia Cleveland BANK Rich mond ON SEPTEMBER 28, 1966 Atlanta Chicago St. Louis Minneapolis San Kansas Dallas City Fran 365 1,179 6l 426~ 1,397 cisco (In millions of dollars) A S S E T S 10,968 657 94 l,oo4 149 1,107 l68 105 751 1,153 1,275 63 235 33 4oo 268 543 71 614 74 50 34 35 38 8 27 15 43 19 101 4i 124 83 6 42 108 90 — -- — -- --— -•*"" — -- 546 233 1,123 1,754 749 3,605 363 370 158 383 2,955" -- 2,246“ -- 1,105 7,213 -- 155 746 229 1, **93 -- 201 86 415 1,824 570 101 12,792 671 2,468 434 2, 902 F. R. notes of other Banks Other cash 933 320 97 l4 212 34 72 11 70 44 75 20 90 29 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 991 15 364 11 4 26 118 48 -- __ -- __ — — -- 48 -- -- — 10,220 531 726 227 524 224 826 4,366 310 1,091 1,078 353 21,013 2,524 1,079 5,191 1,591 1,699 330 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 1,492 457 522 337 627 1,981 327 2,308 344 127 760 232 1,520 218 767 1,472 628 3,026 24l 1,575 0,05^ 164 6,438 334 42,037 -- 2,183 -- 10,365 2,156 -- -- 521 3,399 -- Total U. S. Government securities 42,037 2,183 10,385 2,156 3,399 2,985 2,246 7,213 1,493 829 1,520 1,575 6,053 Total loans and securities 43,076 2,198 10,797 2,167 3,403 3,oil 2,364 7,337 1,576 835 1,562 1,683 6,143 8,598 io4 555 3 48 1,493 ■9 4 56 527 3 52 618 716 5 732 20 57 1,385 417 8 35 279 3 582 446 8 42 49 848 10 13 4 Cash items in process of collection Bank premises Other assets 1/ TOTAL ASSETS 1,189 1 6 7,0 12 3,586 1 5 ,9 0 3 3,583 5 86 5 ,3 7 9 1 / Jnclud.es assets denominated in foreign currencies and IMF gold deposited. 58 5,160 3 ,9 1 9 20 150 11,324 2 ,5 0 5 — 22 l,k 5 3 927 —— 2,850 10 2,676 8,674 H. 4. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER Total Boston New York Phila delphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Rich mond Atlanta Chicago San Fran cisco Kansas Dallas City Minneapolis St. Louis “ Tin million 3 of 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 Cleveland 28, 1966 38,629 2,314 8,8c8 2,192 3,214 3,513 18,070 564 111 4,929 752 95 1,378 107 14 1 e42 117 1,500 972 1,313 159 8 ,/247 8 5 2,218 7,o4o 1,422 701 1,456 920 2,744 172 432 50 4 * 812 22 1 642 46 5 1 2,939 694 486 83 7 2 904 993 3,H8 113 20 57 3,308 1,122 337 232 427 359 662 12 37 8 4 8 3,842 11,138 2,46l 1,423 2,795 9 2,605 31 8,508 126 9 1 1,244 937 46 9 4,507 683 5,555 8 1 856 6,951 517 1,156 457 535 591 220 11 3,525 55 11 3,516 18 5,267 16 5,092 51 50 11 29 28 11 35 33 9 82 79 25 20 19 _____ 14 13 3 25 24 6 33 32 6 73 72 21 5,379 5,160 3,919 11,324 _?,.505 1,453 2,850 2,676 8,674 9 6 11 14 33 4o4 19 ,9^6 65,746 * ?/ ^ -'334 15,574 1,056 556 1 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orre spondent s F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 566 551 149 27 27 7 67,012 3,586 248 12 41,515 6,547 147 30 144 30 38 _____ Z_ 15,903 3,583 65 13 2,470 9,438 2,314 3,516 3,718 2,446 7,479 1,539 748 1,569 1,365 4,913 5C0 — 815 — 450 — 127 225 18C 735 2.016 3. coo 2,925. 2,075 1,100 — 6,500 315 5 2,000 6co — 36, i n i 1,000 -8,700 500 68 1 ,3 1 0 655 1.40C 1.230 4.6CO 43,046 2,516 9,700 2,505 3,6cc 3,740 2,525 7,600 1,708 782 1,6 2 5 1,410 5,335 3/ 22 13 _____ 35 FEDERAL RESERVE AGENT'S ACCOUNTS T / After A-P-4-^-w, deducting ^4- A d m 1, million ™ -!11 -f l/ $114 participations of o t h e r F e d e r a l Reserve B a n k s . 2/ Includes IMF gold d e p o s i t . 3/ After deducting $1<?3 million participations of other Federal Reseirve Banks . 83 I * Less th a n $5CC,OCO.
@FedFRASER