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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate releas April 2, 1964 The average of daily figures of total member bask reserves held during the week ended April 1 decreased a net of $269 million to $20,251 million. Estimated currency and coin of member banks increased $18 million and their reserve balances at the Federal Reserve Banks decreased $287 million- Estimated required reserves increased $21 million; and estimated excess reserves decreased $290 million to $230 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $75 million, compared with the revised figure of $24l million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $46l million in Federal Reserve float, $124 million in member bank borrowings, and $42 million in U. S. Government securities held under repurchase agreement, and an increase of $75 million in currency in circulation. The principal offsetting changes were an increase of $233 million in U. S. Government securities bought outright, and decreases of $163 million in Treasury deposits with Federal Reserve Banks and $37 million in Treasury cash holdings. Total Reserve Bank credit decreased $397 million. As of bought outright securities held bank borrowings Wednesday, April 1, holdings of U. S. Government securities were $561 million higher than a week earlier, U. S. Government under repurchase agreement were $98 million higher, and member were $232 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. 3. Government securitiesBought outright--System account Held under repurchase agreement AcceptancesBought outright Held under repurchase agreement Discounts and advancesMember 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, Apr. 1, Mar. 25, Apr • 3, Apr. 1, 1964 1964 1964 1963 ( i n m i l l i o n s of d o l l a r s ) 33,534 4l 61 50 +233 - 42 +2 ,679 - 101 - + 2 1 f 33,916 126 11 50 62 99 287 -1,187 35,677 15,463 5,578 567718 155 -1,512 35,353 15,462 5,577 56,392 -124 --46l -397 __ - 2 -399 19 30 + 167 +2 ,757 - 416 -+2 , 3 4 1 36,732 394 881 164 202 952 39,325 + 75 - 37 -163 + 5 + 6 + 2 -112 +2 ,197 36,792 4oo 34 14 695 154 25 + 202 11 - 122 j 1,018 +2 ,014 | 39,261 17,067 3,184 20,251 20,021 230 -287 + 18 ~2E9 + 21 -290 + 327 + 316 + "643 + 867 - 224 ! 17,457 : 3,423 ! 20,880 20,079 801 On April 1, 1964, U. S» Government securities held in custody by the Federal Reserve Banks for foreign account were $8,1^7 million, a decrease of $187 million for the week and an increase of $855 million from the comparable Digitized fordate FRASER a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Apr. 1, 1964 ASSETS Gold certificate account Redemption fund for F R> notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. 8. Government securities: Bought outright-Bills Certificates Notes Bonds Total "bought outright field under repurchase agreement Total U- S Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal~Re"serve~notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,293) 237 287 +232 62 °9 + 4l 13 99 (529) (1,293) (1,822) - 8 4,453 3,265 21,622 4,576 33,916 126 34,o4"2 +561 + 1,785 -10,315 +11,098 + 277 + 2,845 + 79 + 2,924 34,490 5,362 +932 + 3,186 -137 + 557155 - 50 +737 371 1 + 191 + 3,193 31,576 + 55 + 1,980 17,457 695 154 202 +846 -4o6 + 11 + 32 i£75c8" 4,175 94 54,355 -173 + 2 +713 102 593 (1,822) 2 2 553 l4o "4T3 i4i 150 13,735 1,405. 15,190 (529) Change since Mar "25, Apr. 3, 1964 1963 + 7 + + + 269 16 6 677 409 20 3,083 £ £ P ITA L ACCOUNTS Capital paid in ~" + 31 5C9 + 56 Surplus 990 + 20 120 + 23 Other capital accounts + 3,193 +737 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,822) 557974" Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages --not consolidated) 30.0$ -.3$ - 2 Contingent liability on acceptances purchased fcr foreign correspondents 110 +5 + 'JO * 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 ANT> SECURITIES, APRIL 1. 1964 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Changes Discounts and Holdings Acceptances during week advances Within 15 days 282 +430 111 1,089 16 days to 90 days 5 +152 50 8,417 91 days to 1 year -10,094 + 92 Over 1 year to 5 years _12,145 - 15 Over 5 years 'to 10 years -2,075 Over 10 years -222 Total 287 161 34,042 r659 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDEPAL RESERVE BANK ON APRIL 1, 1964 New Total Boston 13,785 1,405 15,190 751 78 829 F- R. notes of other Banks Other cash 529 237 Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement York Philadelphia RichAtlanta Chicago mond (in millions of dollars) Cleveland St. Louis Minneapolis Kansas Dallas City 1 San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 1,097 124 1,221 918 111 1,029 736 84 820 2,298 257 2,555 552 59 611 250 28 278 566 54 620 501 3,874 590 78 668 43 544 1,985 156 2,l4l 28 20 156 65 38 9 43 17 20 16 79 14 33 32 16 10 31 8 12 6 32 7 41 33 287 20 68 5 21 13 11 ^ 6 4 36 2 36 62 99 -- 62 99 _.. -- 4,453 3,265 21,622 4,576 33,916 126 227 I67 1,103 233 1,730 1,110 363 266 1,759 372 2,760 306 224 1,487 315 2,332 -- 8,455 126 244 179 1,184 250 1,857 «- -- Total U. S. Government securities 34,042 i3730 8,581 1,857 Total loans and securities 34,490 1,750 8,810 6,655 102 593 489 3 30 57,796 3,149 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 3,54l 333 -- -.-. 24l 177 1,170 248 1,836 779 571 3,781 800 5,931 174 128 845 179 1,32b 91 67 443 94 695 -- --. _.. _-. 2,760 2,332 1,836 5,931 1,862 2,781 2,345 1,847 1,382 8 151 454 3 33 519 6 51 476 5 36 14,446 3,067 4,638 3,927 8l4 5,390 l,l4l 178 131 -- 183 1,358 177 129 860 182 1,348 563 412 2,7?^ 579 4,288 ~_ -.- _- __ 1,326 695 1,358 1,348 4,288 5,996 1,332 699 1,394 1,350 4,324 543 17 33 1,037 22 94 275 6 23 184 4 12 323 6 26 302 12 28 671 10 3,353 9,769 2,273 1,216 2,387 2,275 7,296 866 76. H.4.1(c) STATEMENT OF'CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 1, 1964 Total Boston New York Philadelphia Contingent l i a b i l i t y on a c c e p t ances p u r c h a s e d f o r f o r e i g n q o r r e spcndent s 1,876 32,107 i ! I 678 54 7 1 17,457 695 154 202 1157558"'~74o~ A t l a n t a Chicago St. Lcuis Minneapolis Kansas Dallas City San Francisco 7,790 1,869 2,74o 2,626 l,84l 5,779 1,302 582 1,231 957 3,514 4,902 682 46 8 1 737 1,208 53 14 1 720 70 8 6 919 47 8 1 618 69 5 396 40 3 l 769 58 7 3 837 921 35 9 2 2,851 77 20 48 2,996 409 975 44o 2,793 66 21 2 2,882 859 220 154 245 255 559 4 16 9 , 5 3 ' 6 ~ 2,218 3 1,179 3 2,182 7,c8i 6c 1/44 136 57l62~ i , 2 7 F " —5o4~" 692"™ 452 1,038 367 470 5 3,073 26 4 2,977 7 4,493 6 3,845 5 3,261 135 264 .. 31 28 55 7 46 90 9 25 49 8 29 56 7 72 l4o 21 17 i 57,796 1 3,149 14,446 3,067 4,638 3,927 3,353 6 10 6 r e f e r r e d a v a i l a b i l i t y cash i t e m s Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES CAPITAL^CJX)jMTS Capital paid in Surplus Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS Richmond ( i n m i l l i o n s of d o l l a r s ) L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member "bank r e s e r v e s U.S. T r e a s u r e r - g e n e r a l account Foreign Other Total deposits Cleveland 5,468 94 567177 1 1 [ 1 509 990 ; 120 „-. 110 ! 24 47 .3. 5 T47oT6~ 2/29 _ ...5... 3 2,3l6~ wr 12 t 12 23 2 30 68 43 5 "I 132 15 9,769 2,273 l,2l6 _2,387 2,275 7,296 16 4 3 23 5__ 3__ 6 15_ FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate 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 1,952 87238 1,927 2,925 2,691 X931 57975 I736F "6W 1,269 1,031 17688 423 1,650 500 555 1,580 6,750 405 5 1,600 340 1,100 112 735 1,650 5,177 505 272 35 1,100 180 2,170 250 6 1,210 2,550 900 3,200 2,003 8,4oc 2,010 3,050 2,725 1,990 6,277 1,466 617 1,407 1,080 3,935 1 / A f t e r d e d u c t i n g $ H O m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r d e d u c t i n g $ 8 l m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. * Less t h a n $500,000.
@FedFRASER