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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release April 23, 1964 The average of daily figures of total member bank reserves held during the week ended April 22 decreased a net of $9 million to $20,358 million. Estimated currency and coin of member banks increased $51 million and their reserve balances at the Federal Reserve Banks decreased $60 million. Estimated required reserves decreased $152 million; and estimated excess reserves increased $l43 million to $44l million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $122 million, compared with the revised figure of $108 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $793 million in U. S. Government securities bought outright and $4l million in acceptances held under repurchase agreement. The principal offsetting changes were increases of $4l0 million in Federal Reserve float and $129 million in member bank borrowings, and decreases of $86 million in currency in circulation, $82 million in Treasury deposits with Federal Reserve Banks, and $^9 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $298 million. As of Wednesday, April 22, holdings of U. S. Government securities bought outright were $600 million lower than a week earlier, and member bank borrowings were $634 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreement AcceptancesBought outright Held under repurchase agreement 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) 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. 257 Apr. 22, Apr. 15, Apr. 22, 1964 1964 1963 1964 (in millions of dollars) +2,46l 32,885 33,050 -793 55 4 4l 319 2 2,l66 35,593 15A62 5,576 56,631 +129 + 1 +4l0 -298 -- 9 -307 + 162 29 + 247 +2,850 - 415 2 +2,433 ! ! i i : 36,912 432 89S 133 187 39,5C6 - Q6 - 7 - 82 - 2 - 10 - 59 -246 +2,227 5 98 58 5 4l +2,020 36,889 i ^29 | 970 | 125 I 177 1 9^5 \ 39,535 17,123 3,235 20,358 19,917 44i - 60 + 51 - 9 -152 +143 + J+13 + 216 + "629 + 701 72 | 16,2^4 ! 3,572 1 ~9,B56 19,923 67 she 5h 138 10 1,693 3^,78o 15,^63 5,576 55,819 On April 22, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,9^7 million, a decrease of $20 mi] lion for the we^k and an increase of $366 million from thr> comparable date a year ago. H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F- R< notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. 3. Government securities: Bought outright-Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities Apr. 22, 1964 13,790 1, 4C9 15,199 184 (531) l48 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + 536 135 "4"oi 25 4 21 12 624 - 182 711 54 3 39 8 3,372 3,265 21,622 600 4,626 32,8"BT - ?00 + 1,224 -10,306 +11,098 + 332 + 2,348 32,885 - 600 + 2,348 33,c87 -1,266 + 1,645 (1,434) 6,110 103 636 (1,965) 53,319 580 1 + + 23 -1,813 + + T75TO (531) .31,662 120 + 2,095 16,284 970 125 177 17,556 (1,434) 4,417 88 (1,965) 53,723 -1,148 + 13 20 12 z -1,167 - 544 - 466 95 60 21 S4"2 + + 275 13 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Apr. 15, Apr. 24, 1964 1963 ^17833 C A P I T A L A C C O U N T S Capital paid in 510 Surplus 990 Other capital accounts 96 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,965) 557319 H 24 -1,613 618 +164 + 1,741 31 + 56 + 16 + 1,844 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 30.6$ .8$ 1.8$ Contingent liability on acceptances purchased + for foreign correspondents 117 -34 * 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, APRIL 22, l^bW (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 during week Holdings Acceptances . advances . Within 15 days l44 144 16 days t o 90 days 4 _91 days t o 1 year __ 3ver 1 year t o 5 years ITS Over 5 years t o 10 years Over 10 years -Total mg 9 9 45 ^ __ -_ ---_54 595 " 595 7,933 7,933 9,864 9,864 12,158 2,105 230 32,885 -152 -378 - 70 ^600 STATEMENT OP CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 22, 1964 H.4.1(b) Total Boston New York Phila- Cleve- RichSt. Atlanta Chicago delphia land mond Louis Minne- Kansas Dallas apolis City San Francisco (in millions of dollars) ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 13,790 1,^09 15,199 842 80 922 3,176 3,510 7^9 79 828 1,000 123 1,123 960 115 1,075 746 83 829 2,597 255 2,852 519 59 578 265 28 293 587 53 640 507 45 552 1,842 155 1,997 15 7 26 5 14 4 30 5 50 25 3 7 24 2 33b F. R- notes of other Banks Other cash ! 531 184 21 17 I69 52 37 5 39 14 26 16 73 14 31 20 Discounts and advances Acceptances: Bought outright U- S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement ! 148 7 5b 2 2 5 4 37 5b 54 170 I 3,265 ! 165 i 21,622| 1,093 i 4,626 234 32,885 1,662 840 8l4 5,389 1,153 8,196 179 173 1,146 245 1,743 282 272 l,8o4 386 2,744 228 221 1,462 313 2,224 186 181 1,196 256 1,819 556 538 3,563 762 5,419 132 128 846 181 1,287 69 67 442 95 673 139 134 892 191 1,356 133 129 855 183 1,300 458 443 2,93^ 627 4,462 ' 3,372 Total U. S. Government securities 32,885 1,662 8,196 1,7*6 2,744 2,224 1,819 5,419 1,287 673 1,356 1,300 4,462 Total loans and securities 33,087 1,669 8,304 1,7^5 2,7^6 2,229 1,823 5,456 1,288 676 1,363 1,324 4,464 l>5bb 576 1,517 8 161 463 3 529 5 4o 668 3b 560 6 55 18 35 1,182 22 99 316 6 24 211 4 14 369 6 28 3^4 12 29 809 10 85 57,284 I 3,240 13,721 3,115 4,5^3 3,920 3,46o 9,662 2,234 1,229 2,424 2,296 7,440 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 103 1 636 [ 3 32 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE- BANK- ON APRIL 22; 1964 ' Philadelphia Total Boston New York Federal Reserve notes Deposits: Member hank reserves U.S. Treasurer-general account Foreign Other Total deposits 32,193 1,884 7,805 1,876 2,7^0 2,631 1,843 5,801 16,284 970 125 177 17,55b 624 4o 6 * 670 4,26l 165 1/33 104 4,563 718 43 7 1,094 56 11 1 IJI62 710 84 6 5 805 38 66 7 l 1,012 2,552 152 18 2 2,724 ol5 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS 5,851 605 908 377 ^91 399 509 894 256 88 1155,688 5 21 5 3,16^13,297 3,026 4,400 3,840 3,369 136 264 24 28 55 6 46 90 7 25 49 6 29 56 6 72 l4o 16 3,24o 13,721 3,H5 4,543 3,920 3,460 9,662 L I A B I L I T I E S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 510 990 96 57,284 24 47 5 * W 2/31 Cleve- Rich- Atlanta Chicago mond land (In millions of dollars) 7 5 5 1 5 St. Louis Minne- Kansas apolis City Dallas 1,306 583 563 47 4 392 # # 4 9,434 2,180 4o 3 ~~W? 172 2 1,237 966 3,521 778 49 6 2 835 842 2,812 150 78 17 7 61 l 92b 3,040 279 306 655 3 4 12 1,192 2,354 2,204 7,228 17 34 3 12 23 2 23 43 4 30 57 5 68 132 12 2,234 1,229 2,424 2,296 7,44o 16 16 11 San Francisco FEDERAL RESERVE AGENT'S jACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 33,817 6,552 10 28,387 34,949 1,961 -87271 1,934 2,921 2,708 1,947 1,650 405 2 i,6co 2,007 500 575 340 2,550 3,050 2,165 1,650 2,740 1,990 423 1,580 6,750 2,003 8,400 l/ After deducting $ 92 million participations of other Federal Reserve Banks. 2/ After deducting $ 86 million participations of other Federal Reserve Banks. 6,022 1,390 606 1,275 i;04C 3,742 260 1 1,210 112 180 735 505 272 7 1,100 3,200 617 l>379 900 1,080 1,100 5,177 6,277 1,471 * Less than $500,000. 3*935
@FedFRASER