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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H .4 .1 F o r im m e d ia te r e l e a s e August 15, 196 3 T h e a v e r a g e o f d a i l y f i g u r e s o f t o t a l member b a n k r e s e r v e s h e l d d u r i n g th e -week e n d e d A u g u s t l 4 d e c r e a s e d a n e t o f $ 2 2 9 m i l l i o n t o $ m illio n . E s t i m a t e d c u r r e n c y a n d c o i n o f mem ber b a n k s i n c r e a s e d m i l l i o n and t h e i r r e s e r v e b a la n c e s a t t h e F e d e r a l R e s e r v e B a n k s d e c r e a s e d $ 30 5 m i l l i o n . E s tim a te d r e q u ir e d re s e rv e s d e c re a s e d m i l l i o n ; a n d e s t im a t e d e x c e s s r e s e r v e s d e c r e a s e d $28 m i l l i o n t o $ 4 5 4 m i l l i o n . E x c e s s r e s e r v e s e x c e e d e d member b a n k b o r r o w in g s a t th e F e d e r a l R e s e r v e B a n k s b y $ 1 0 2 m i l l i o n , c o m p a re d w i t h t h e r e v i s e d f i g u r e o f $84 m i l l i o n t h e w eek b e f o r e . 19,685 $76 $201 The p r i n c i p a l changes r e d u c in g a v e ra g e r e s e r v e b a la n c e s w i t h F e d e r a l R e s e r v e B a n k s w e re d e c r e a s e s o f $ 1 2 0 m i l l i o n i n U . S . G o v e rn m e n t s e c u r i t i e s b o u g h t o u t r i g h t a n d $ 3 7 m i l l i o n h e l d u n d e r r e p u r c h a s e a g re e m e n t a n d $ 4 6 m i l l i o n i n member bank b o r r o w in g s , a n d in c r e a s e s o f m i l l i o n i n c u r r e n c y i n c i r c u l a t i o n and $ 12 8 m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l R e s e r v e B a n k s . The p r in c ip a l o f f s e t t i n g c h a n g e s w e re a n i n c r e a s e o f $ 7 9 m i l l i o n i n F e d e r a l R e s e r v e f l o a t , a n d d e cre a s e s o f $ 62 m i l l i o n i n " o t h e r " d e p o s it s w i t h F e d e r a l R e s e rv e Banks and $34 m i l l i o n i n " o t h e r " F . R . a c c o u n ts ( n e t ) . T o t a l R e s e rv e Bank c r e d i t d e c re a s e d $176 $99 m i l l i o n . A s o f W e d n e s d a y , A u g u s t l 4 , h o l d i n g s o f U . S . G o v e rn m e n t s e c u r i t i e s b o u g h t o u t r i g h t w e re $ 1 9 7 m i l l i o n lo w e r t h a n a w eek e a r l i e r , U . S . G o v e rn m e n t s e c u r i t i e s h e l d u n d e r r e p u r c h a s e a g re e m e n t w e re $ 4 4 m i l l i o n l o w e r , a n d member b a n k b o r r o w in g s w e re $ 89 5 m i l l i o n l o w e r . O u t r ig h t h o ld in g s o f b i l l s d e c re a s e d m i l l i o n ; n o te s and bonds in c re a s e d m illio n and m illio n , r e s p e c tiv e ly . $251 $17 $37 A v e ra g e s o f d a i l y f ig u r e s Week e n d e d C h a n g e f r o m w e e k e n d e d M em ber b a n k r e s e r v e s , R e s e rve Bank c r e d i t , a n d r e l a t e d it e m s August 14, August 7, 1968 1968 (in m illio n s R e s e rv e Bank c r e d i t ; U . S . G o v e rn m e n t s e c u r i t i e s - Bought o u t r ig h t --S y s t e m a cco u n t H e l d u n d e r r e p u r c h a s e a g re e m e n t A c c e p t a n c e s - -b o u g h t o u t r i g h t D is c o u n t s a nd a d v a n c e s — M em ber b a n k b o r r o w in g s O th e r F lo a t T o t a l R e s e rve Bank c r e d i t G o ld s t o c k T re a s u ry c u rre n c y o u ts ta n d in g 3 2 ,2 5 3 33 4l C u rre n cy in c ir c u la t io n T re a s u r y cash h o ld in g s T r e a s u r y d e p o s i t s w i t h F . R . B a n ks F o r e ig n d e p o s its w i t h F . R . Banks O th e r d e p o s its w i t h F . R . Banks O th e r F . R . a c c o u n ts ( n e t ) 3 5 ,8 7 9 M em ber b a n k r e s e r v e s : W ith F e d e r a l R e s e rv e Banks C u rre n c y and c o in (e s tim a t e d ) T o t a l re s e rv e s h e ld R e q u ir e d r e s e r v e s ( e s t i m a t e d ) E x ce ss re s e rv e s (e s tim a t e d ) 3 52 30 1 ,3 6 7 3 4 ,6 7 5 15,618 5 ,5 8 1 55727^ 382 870 167 188 1 ,0 3 7 3 8 ,5 2 4 16,750 2 ,9 3 5 19,685 1 9 ,2 3 1 4 54 1963 -120 16 3 2 ,1 1 9 9 39 + 222 129 + + 88 15 30 l,4 o 6 3 3 ,7 3 2 1 5 ,5 8 3 - 37 + 2 ,0 9 3 + - - - 46 25 + + 79 - 99 - 15 - 6 -120 +176 - 20 +128 - 3 62 - 34 +186 -3 0 5 + 76 -229 -201 - 28 W ednesday, 15 August , August 14, ........ 1 9 6 2 _____ 19.6.8 _ _ o f d o lla rs ) 4^7433 5 30 15 + 1,888 1,820 20 + 272 “ 31 187 + 334 + 2,188 + + - 300 172 128 + 15 - 143 5,581 577896 3 5 ,9 1 8 3 92 1,052 152 193 990 38,697 1 6 ,1 9 9 3,288 1 9 ,4 8 7 19,280 207 On A u g u s t l 4 , , U . S . G o v e rn m e n t s e c u r i t i e s h e l d i n c u s t o d y b y th e F e d e r a l R e s e r v e B a n k s f o r f o r e i g n a c c o u n t w e re $ 7 ,8 6 0 m i l l i o n , an i n c r e a s e o f m i l l i o n f o r t h e week a n d a n incx'ea.se o f $ m i l l i o n f ro m t h e c o m p a ra b le $7 d a te a y e a r a g o . 1,562 CONSOLIDATED S T A tfE to OF CONDITION OF THE,TWELVE.FEDERAL RESERVE RANKS (In m illio n s of d o lla r s ) H .4 .1 (a ) OiicniKc: DlUVxC. Aug. Aug. , 196 2 196 3 7 A u g . 14, 1963 A S S E T S 1 5 ,2 9 9 (3 6 7 ) Cash D is c o u n ts a n d a d va n ce s A c c e p t a n c e s --b o u g h t o u t r i g h t U . S . G o v e rn m e n t s e c u r i t i e s : Bought o u tr ig h t— 46 - 687 + - 9 37 + - 115 572 - 10 9C 0 - 170 - 251 + + - 17 37 1 97 44 39 +4 -3 ,7 5 2 + 791 + 1 ,9 7 6 - 1 241 + 1 ,8 6 4 - 13,985 1,314 G o ld c e r t i f i c a t e a c c o u n t R e d e m p tio n f u n d f o r F . R* n o t e s T o t a l g o ld c e r t i f i c a t e r e s e rv e s 339 1 59 43 39 3,108 B ills C e rt if ic a te s 1 4 ,4 6 4 9 ,8 8 7 N o te s Bonds T o t a l bo ugh t o u tr ig h t H e l d u n d e r r e p u r c h a s e a g re e m e n t T o t a l U . S . G o v e rn m e n t s e c u r i t i e s 4,660 3 2 ,1 1 9 _______ 9 32,128 32,326 T o t a l lo a n s a n d s e c u r i t i e s C a s h it e m s i n p r o c e s s B a n k p r e m is e s O th e r a s s e ts TO TA L A S SETS 15, 1 . 223) ( o f c o lle c tio n -1 ,1 4 .1 + 6 ,1 4 8 1,226 102 4 _ - + 19 (1 .5 9 0 ) 5 4 ,6 8 7 + 57 367) 3 0 ,7 8 4 + 68 + 1 6 ,1 9 9 + + - 977 + + ( 1,052 152 F o r e ig n O th e r T o t a l d e p o s its 193 1 7 ,5 9 8 1 . 223) 4 ,7 4 2 77 1,174 455 26 6 90b 7 888 951 + 269 + 7 + 1 ,2 1 7 — 934 (1 ,5 9 0 ) + 143 1 484 — _ _70 5 4 ,6 8 7 - 46 11 5 3 ,1 9 9 + 111 — H + (1 .5 9 0 ) 1,829 -=3r ( C A P I T A L A C C O U N T S C a p i t a l p a i d in Surplus O th e r c a p i t a l a c c o u n ts T O T A L L I A B I L I T I E S AND C A P IT A L ACCO UN TS 1,694 + 287 + 473 L I A B I L I T I E S TO TA L L IA B IL IT IE S 112 68 + 1,294 F e d e r a l R e s e rv e n o te s D e p o s it s : M em ber b a n k 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 a cco u n t D e f e r r e d a v a i l a b i l i t y c a s h it e m s O t h e r l i a b i l i t i e s a n d a c c ru e d d iv id e n d s ,976 57 57 + 24 + 46 r*7 ■t* ( + 1 ,2 9 4 R a tio o f g o ld c e r t i f i c a t e re s e rv e s t o d e p o s it a n d F . R . n o t e l i a b i l i t i e s c o m b in e d (co m p u t e d f r o m f i g u r e s a s show n on t h e f o l . # + .5 1o 31*4% lo w in g p a g e s --n o t c o n s o lid a te d ) C o n tin g e n t l i a b i l i t y on a c c e p ta n c e s p u rc h a s e d 87 f o r f o r e ig n c o rre s p o n d e n ts * F i g u r e s i n p a r e n t h e s e s a r e t h e e l i m i n a t i o n s made i n t h e c o n s o l i d a t i n g p r o c e s s ; 18 se e c o m p a r a b le f i g u r e s o n c o m b in e d b a s i s on t h e f o l l o w in g p a g e s . M A T U R IT Y n iG T R T B U T IO N OF LOANS AND S E C U R IT I E S , AU GU ST l4 ,_ _ 1 9 6 3 _ ^ (A c c e p hances a n d s e c u r i t i e s h e l d u n d e r r e p u r c h a s e a g re e m e n t a r e c l a s s i l i e d a s m a tu r in g w i t h i n d a y s i n a c c o r d a n c e w i t h maximum m a t u r i t y o f t h e a g r e e m e n t s . ) 15 U. S. G o v e r n m e nt securities D is c o u n ts and advances W i t h i n 15 d a y s days t o days days t o year O ver 1 y e a r to 5 y e a rs O v e r 5 y e a r s t o 1 0 years O v e r 10 y e a rs To ta l 16 91 90 1 A c c e p ta n c e s 225 8 5 30 31 -159 - - ***• --39 H o ld in g s 4; 637 1,4 60 1 5 ,1 5 2 8 ,4 7 6 2,208 19? 32,128 Changes during week 7 l i4 -168 - 13 + 24 + + 4 26 -2 4 1 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST l4, 1963 H.4.1(h) To ta l B o s to n P h ila d e lp h ia New Y o rk C le v e la n d R ic h mond A t l a n t a C h ic a g o ( In m illio n s M in n e K a n s a s C it y a p o lis S t. L o u is D a lla s San F ra n _ £ lS -O Q -------- o f d o lla r s ) A S S E T S G o ld c e r t i f i c a t e a c c o u n t R e d e m p tio n f u n d f o r F . R . n o t e s T o t a l g o ld c e r t i f i c a t e r e s e r v e s F . R • n o te s O th e r cash o f o th e r Banks D is c o u n ts and advances A c c e p ta n c e s : B ought o u tr ig h t U - S . G o v e rn m e n t s e c u r i t i e s : Bought o u tr ig h t- B ills C e rt if ic a te s N o te s Bonds To ta l H e ld u n d e r re p u rc h a s e a g re e m e n t To ta l U. S . G o v e rn m e n t s e c u r i t i e s T o t a l lo a n s a n d s e c u r i t i e s C a s h it e m s i n p r o c e s s o f c o lle c tio n B a n k p r e m is e s O th e r a s s e ts TO T A L A S S ETS 1 3 ,9 8 5 ,3 1 4 1 1 5 ,2 9 9 885 76 9b l 3 ,0 9 9 318 3 ,4 1 7 730 76 159 6 13 2 3,108 149 7 89 3 ,6 6 9 1 4 ,4 6 4 9 ,8 8 7 ^,660 3 2 ,1 1 9 9 ,' ^ 696 475 224 1 ,5 4 4 — 2,508 1,183 8 ,1 4 9 819 2 ,6 0 4 22 22 29 31 4 15 11 18 39 1,072 116 54 86 62 -- 2 ,3 7 2 1 ,2 7 1 22 39 744 75 806 367 339 35 967 105 1 ,1 5 5 — 166 775 530 249 1,720 9 257 1 ,1 9 4 816 3 84 2,651 _ __ 204 948 648 305 26 575 56 10 22 23 38 6 -- -- 28 294 523 232 ....... .52...._ 523 173 2 ,4 3 1 805 550 259 ........_I8_3_ 1,662 2 ,1 0 5 __ 1 ,7 8 7 - - 5 ,3 9 9 -- 28_ 322 718 578 2,156 10 12 11 37 48 3 16 21 12 “— — “„ 123 60 280 192 1,276 2 ,0 1 4 1 4 2 _____ 15 — . 536 52 _____ - 4 2 - 9 30 -- 575 393 185 666 91623 -- 130 607 415 19£_ 1 ,5 4 8 -- 126 586 4 00 i 8q 408 1,898 1,298 ? i,3 0 i -- 4 ,2 1 6 -- 32,128 1 ,5 4 4 8,158 1 .7 2 0 2 .6 5 1 2 .1 0 5 1 ,7 8 7 .. 5 .3 9 9 - 1 ,.2Z 6— 62R 1 ,.3 4 8 - 1, 301- 4,216 3 2 ,3 2 6 1,550 8,210 1,722 2 ,6 5 5 2,120 1,810 5,4 -3 7 1,282 626 1 ,3 6 4 1,322 4 ,2 2 8 7 ,3 7 1 478 584 14 27 1 ,1 6 7 23 77 364 229 352 348 2 ,4 8 6 2 ,3 0 3 102 473 3 23 56,277 3 ,0 7 2 1,316 8 120 521 584 26 7 40 565 5 29 13,219 3,150 4 ,5 9 9 3 ,8 3 5 3 3 ,3 H 9 ,3 9 0 6 4 19 10 2,278 1,230 12 7 20. ______ 2.0— ...... . 863 10 -62_______ 7 ,4 0 4 H.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST l4, 1963 To ta l B o s to n P h ila d e lp h ia New Y o rk C le v e la n d (in LIABILITIES Federal Reserve notes Deposits: Member bank reserves U . S . Treasurer-general account Foreign Other Total deposits 3 1 ,1 5 1 Deferred availability cash items Other liabilities and accrued dividends TO TA L L IA B IL IT IE S 1 6 ,1 9 9 1,052 1 ,8 * 6 672 52 7 ,^ 7 8 1 ,8 3 0 3 ,9 6 1 7 40 190 1/4 6 127 67 1 ,1 9 6 l 14 * 7 16 6 1 ,7 9 2 122 5 ,6 2 9 880 2 ,4 0 2 67 155 492 4 l4 4 76 4 7 4 ,4 6 2 5 4 3 ,7 6 3 3 ,2 2 8 4 ,3 2 4 5 ,9 6 5 b2b 1 ,C G 1 77 b 17 1 30 251 2 ,4 9 6 3 , c 66 7 3 C A P IT A L A C C O U N TS Capital paid in Surplus Other capital accounts T O T A L L I A B I L I T I E S AND C A P I T A L AC C O UN TS Contingent liability on accept ances purchased for foreign corre spondent s____________ _ h-Sif 9 34 70 bb 3 27 3 ,0 7 2 1 3 ,2 1 9 3 ,1 5 0 87 b 2/23 5 5 602 45 5 l 405 48 3 ,3 9 3 847 911 l 2,867 116 68 6 2 297 178 269 3 2 12 9,180 68 9 ,3 9 0 4 San F ra n c is c o 940 959 3 ,3 1 1 8 D a lla s 1,226 923 3 ,8 3 5 4 ,5 9 9 56,277 11 /w7 558 4 57 5 18 1 ,2 7 4 653 1 32 54 3 23 44 Kansas C it y 21 2 2,580 27 51 5 45 87 5 M in n e a p o lis S t. L o u is d o lla rs ) 415 731 23 2,692 3 of 848 I T , 596 12, 620" m illio n ! 1 ,2 7 1 193 8 2 817 5^,789 3,002 A t l a n t a C h ic a g o 8 1 956 7 * 1 52 R ic h m ond 10 12 3 1 6 8 1 981 294 3 3 2 ,4 2 1 2,218 21 28 2 11 22 2 40 4 53 4 2,278 1,230 2 ,4 8 6 2 ,3 0 3 3 2 4 5 2,227 17 32 1 ,1 9 5 19 53 3 ,0 5 5 746 13 7 ,2 0 7 64 124 9 7 ,4 c 4 12 F E D E R A L RESERVE A G E N T 'S ACCO UN TS F . R . n o te s o u ts ta n d in g C o lla t e r a l f o r F . R . n o te s : G o ld c e r t i f i c a t e a c c o u n t E lig ib le paper U . S* G o v e rn m e n t s e c u r i t i e s T o ta l c o lla te ra l 32,546 1,917 7,183 20 26 2l4 433 l,5 C k 33,*67 1,937 7,777 1,6co 6,300 7,900 1,908 2,854 2,627 1,874 425 X 1,6co 2,026 580 605 4cc 2,300 2,055 2,660 1,500 2,880 if After deducting $ 1 0 6 million participations of other Federal Reserve Banks. 2 / After deducting $ 6b million participations of other Federal Reserve Banks. 1,900 5,784“ 1,337 310 i,4co 6 1,100 4,500 5,900 1,416 650 1,261 1,005 3,552 130 285 13 1,000 215 800 825 3,000 1,298 i,o4o 3, 8c o 550 680 * Less than $ 500, 0 C 0 .
@FedFRASER