The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks F o r im m e d ia te r e l e a s e August 22, 1963 H .4 .1 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 t h e week e n d e d A u g u s t 21 d e c r e a s e d a n e t o f $57 m i l l i o n t o $ 1 9 ,6 4 7 m i l l i o n . E s ti m a te d c u r r e n c y a n d c o i n o f member 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 re s e rv 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 $95 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 in 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 m il lio n to m illio 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 i n 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 $95 m i l l i o n , co 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 $126 m i l l i o n t h e week b e f o r e . $38 $389 $32 $89 T h e p r i n c i p a l c h a n g e s r e d u c i n g a v e r a 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 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 tr ig h t, m i l l i o n i n member b a n k b o r r o w i n g s , a n d m i l l i o n i n g o ld s to c k , a n d an i n c r e a s e o f $ 18 0 m i l l i o n i n " o t h e r " F . R . a c c o u n t s ( n e t ) . 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 an i n c r e a s e o f $ 4 2 0 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 a d e c r e a s e o f $29 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 . T o t a l R e s e rv e Bank c r e d it in c re a s e d m illio n . $289 $58 $35 $92 A s o f W e d n e sd a y, A u g u s t 2 1 , 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 $126 m i l l i o n lo w e r t h a n a week 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 m i l l i o n h i g h e r , a n d member b a n k b o r r o w in g s w e re $ 4 6 l m i l l i o n h i g h e r . O u tr ig h t h o ld in g s o f b i l l s , c e r t if ic a t e s , and bonds d e c re a s e d m illio n , $ m illio n * a n d m illio n , r e s p e c tiv e ly , a n d n o t e s i n c r e a s e d $ 4 ,0 9 8 m i l l i o n . C ha n g es i n h o l d i n g s o f c e r t i f i c a t e s , n o te s * and bonds l a r g e l y r e f l e c t e d th e exchange o f $ m i l l i o n o f c e r t i f i c a t e s and $343 m i l l i o n o f b o n d s w h ic h m a tu r e d A u g u s t 15 f o r $ 4 ,0 7 5 m i l l i o n o f 3 “ 3 / 4 p e r c e n t $95 $217 3*732 $275 3*732 n o t e s m a t u r i n g N o ve m b e r 15, 1964. 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 M em ber b a n k r e s e r v e s , R e s e rv e Bank c r e d i t , a n d r e l a t e d it e m s A u g . 21, 1963 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--S y s t e m a cco un 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 i s c o u n t s a n d 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 rv e Bank c r e d i t G o ld s t o c k T r e a s u r y c u r r e n c y o u ts ta n d in g C u rre n c y in c ir c u la t io n T r e a s u r y ca sh h o ld in g s T r e a s u r y d e p o s its w it h F . R . Banks F o r e ig n d e p o s its w it 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 ) 31*964 53 39 294 30 1*787 3 4 ,1 6 7 15*583 5 ,5 8 3 55*333 3 5 ,8 5 0 3 94 8 79 153 185 1 ,2 1 7 , " 38 678 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 xce ss re s e rv e s (e s tim a t e d ) W e d nesday, Aug. 21, 1963 0 R e s e rv e B ank c r e d i t : C h a n g e f r o m w eek e n d e d A u g . 22, Aug. 14, 1962 ______ ____ In m i l l i o n s o f d o l l a r s ) 16,655 2 ,9 9 2 19*647 1 9* 2 58 389 1963 1963 -2 8 9 + 20 2 +2, 074 + 4l + - - 35 + 2 + 1 38 + 15 + 103 + 2 ,3 7 2 5 64 14 + 59 +1*793 15*583 5 ,5 8 5 5 5 ,3 5 6 - 29 + + - 14 + 1 ,8 4 7 35,826 58 +420 + 92 1 31*993 io 4 590 30 1 ,4 3 4 34 ,188 12 9 + 326 1 3 - 36 1 40 390 +154 + + - 95 + 38 - 210 - - +180 - 57 + 32 - 89 37 1 403 9 48 3 152 ! | | 178 2,385 , 218 38,725 - 592 16,631 + 229 3 ,3 0 8 363 1 9*939 153 653 l 19,286 On A u g u s t 2 1 , * 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 1 m i l l i o n , a n i n c r e a s e o f m i l l i o n f o r t h e w eek a n d a n i n c r e a s e o f $ m i l l i o n f ro m t h e c o m p a ra b le d a te a y e a r a g o . $1 1,396 C O N S O LID A TED S TA TE M E N T OF C O N D IT IO N OF T H E TW ELVE FE D E R A L RESERVE EANKS (in m illio n s o f d o lla r s ) H .4 .1 (a ) Aug. Aug. 21, 1963 (4 1 5 ) 11 8 + 687 112 15,296 - 3 - 575 3 48 + + - 9 46l + + 47 2,891 217 1 0 ,7 3 2 1 3 ,9 8 5 4 ,3 8 5 3 1 ,9 9 3 1C4 - 3 ,7 3 2 + 275 I + l4 + 1 ,2 4 4 + 3 46 + + 95 + 3 2 ,0 9 7 + - 31 + 2 ,1 3 9 3 2 ,7 5 4 + 4 28 + 2,212 in p ro ce s s o f c o lle c t io n 6 37 + 544 205 + 293 1,836 620 37 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 ite m s 1 ,3 2 2 + 1 3 ,9 7 4 Cash D is c o u n t s a nd 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 t r ig h t -B ills C e rt if ic a te s N o te s B on d s T o t a l bought 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 (1 ,2 6 7 ) 2 4,098 26 5 ,5 1 1 102 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 S ETS - ( 1, 682) 541279 - ~4o8 - 79 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 th 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 TO TA L L IA B IL IT IE S C A P I T A L A C C O U N T S C a p it a l p a id in S u rp lu s 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 ACCOUNTS ( 4 1 5 ) 3 0 ,7 0 5 16,631 + - 948 (1 ,2 6 7 ) 432 516 2,120 19 178 + 1 7 ,9 0 9 4 ,0 7 7 79 + - ( 1 , 682 ) 527770 7 07 355 15 313 665 2 + + 405 18 138 508 11 + 1 ,7 5 5 1 + + 20 + + — ~~4o5 (1 ,6 8 2 ) + 1 ,8 4 7 + - 1 04 — 1 52 (**) (**) 72 1 5 268 L I A B I L I T I E S 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 ra l a cco unt F o r e ig n O th e r T o t a l d e p o s its 2 2 ," 196£ 1963 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 Ch a n g e s i n c e Aug. l4 , 25 46 10 1,836 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 ro m f i g u r e s a s shown o n t h e f o l io 31.270 lo w in g p a g e s --n o t c o n s o lid a t e d ) C o n t in g e n t l i a b i l i t y o n a c c e p t a n c e s p u r c h a s e d + 13 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 ; se e c o m p a ra b le f i g u r e s on c o m b in e d b a s i s on t h e f o l l o w i n g p a g e s . ______________ .2 2.17 87 M A T U R IT Y D I S T R I B U T IO N OF LOANS AND S E C U R IT I E S , A U G U S T 2 1 , 1 9 6 3 _ (A c c e p t a n c e s 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 f 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 re e m e n ts •) U . S . G o v e rn m e n t s e c u r i t i e s Changes D is c o u n ts and d u r i n g week H o ld in g s A c c e p ta n c e s advances 15 W i t h i n 15 d a y s l days t o days days t o year O ve r 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 y e a r s5 O v e r 10 y e a r s T o t a l ___________ ** L e s s t h a n $ 5 0 0 ,0 0 0 . 6 91 90 1 586 -3 ,9 1 4 9 28 5,122 723 + 3,662 — ----- -2 ,0 6 3 + 2 ,3 3 7 57 + 4 "620 37 1 3 ,0 8 9 1 0 ,8 1 3 2 ,1 5 1 199 3 2 ,0 9 7 4 30 31 H .4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 21, 1963 Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis K a n s a s Dallas City San Fran cisco (in m i l l i o n s o f dollars) A S S E T S G o l d c e r t i f i c a t e a c count Redemption fund for F • R • notes T o t a l g o l d certificate r e s erves F. R- n o t e s of o t her Banks Other cash D i s c o u n t s a n d a dvances Acceptances: B o u g h t outri g h t U. S. G o v e r n m e n t securities: 780 856 3 ,5 2 4 ^17 3 ,8 4 l 415 3 48 *6 23 90 64 620 33 1 3 ,9 7 4 : 1,^22 1 5 ,2 9 6 76 37 Bought outright— Bills Certificates Notes Bonds Total H e l d u n d e r repurchase a g r e e m e n t 1 3 ,9 8 5 4 ,3 8 5 3 1 ,9 9 3 104 211 1 ,5 3 8 - - T o t a l U. S. G o v e r n m e n t securities 3 2 ,0 9 7 T o t a l loans a n d securities 3 2 ,7 5 4 C a s h items in pro cess o f collection Ban k premises Other assets TOTAL ASSETS 2,891 1 0 ,7 3 2 6 ,7 7 8 1 02 663 1 ,1 6 3 977 796 23 20 13 32 23 34 30 31 54 l4 6 36 20 82 24 54 37 —— _— - - _- 734 155 189 161 7 03 917 2 88 597 778 244 7 39 62 116 8 ,1 1 7 104 1 ,5 3 8 8 ,2 2 1 1 ,7 1 4 1 ,5 7 1 8 ,4 o 4 1 ,2 3 3 8 506 268 3 13 55,961 3 ,0 1 5 2 ,4 4 6 1 ,2 7 9 76 575 7 49 2 35 1 ,7 1 4 -- 516 672 721 -232 2,678 2 39 886 1 ,1 5 4 362 2 ,6 4 1 -- 139 863 2 ,7 2 3 3 ,5 4 8 1 ,1 1 2 1 14 75 _ 257 511 53 .____ 2.8_ 5 64 285 553 51 6o4 512 ....42— 554 2 ,0 9 7 1,780 -- -- 2 ,3 5 1 7 3 7 ... 5 ,3 7 8 -- 2 ,6 4 1 2 ,0 9 7 1,780 ..5 .;.3 7 8 _ 1 ,7 5 0 2,661 2 ,1 7 9 1 ,8 0 4 5 ,4 3 2 69 433 3 14 575 7 23 1 3 ,7 0 9 3 ,0 2 1 4 ,5 9 0 i 4p 23 17 10 15 13 4l 46 21 32 67 45 60 115 4 26 556 1 74 . 2 ,1 2 3 34 10 12 ... 486 1 ,8 0 4 1,981 -- 56 2C8 1 21 4 51 117 434 271 8 l_ 5§7 184 566 1,836 178 -- _____5 1 5 4 ,1 9 9 -- 620 1,295 379 1 ,4 0 9 .. 1 ,3 4 3 .. 1 ,2 7 1 620 ..-3*343- 1 ,2 9 5 4 ,1 9 9 , . 1,292 652 l,4 l0 1 ,3 4 0 4 ,2 5 9 3 34 12 765 10 13 35 2,281 7 ,2 7 9 1 ,2 7 1 -- 502 516 1 ,0 5 4 5 17 14 l6 23 4o 277 6 11 212 4 3 ,7 2 6 3 ,2 1 0 9 ,3 1 2 2,185 1 ,2 0 2 371 7 12 2 ,4 3 1 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 21, 1963 H.4.1(c) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago Minne Kansas apolis City Dallas San Fran cisco 557 1,222 940 3,381 582 52 5 * 539“ 386 447 801 6l 6 2 870 928 46 8 1 983 2,846 139 19 46 3,050 St. Louis (In millions of dol.Lars) 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 31,120 1,838 7,482 1,826 2,690 2,500 1,784 5,629 16,631 948 152 178 17,909 576 85 7 1 716 1,224 53 l4 1 1,292 691 72 7 3 773 843 66 8 l 669 4,581 144 1/46 120 4,891 918 2,457 121 21 2 2,601 5,344 433 913 330 463 374 420 854 220 161 270 269 637 79 54,452 4 2,944 19 13,305 4 2,936 7 4,452 5 3,652 4 3,126 14 3 2,133 2 3 2,365 3 2,195 11 7,079 485 934 90 23 44 4 130 251 45 87 6 23 44 7 27 51 6 28 53 c 23 27 54 4 64 124 12 55,96i 3,015 13,709 3,021 4,590 3,726 3,210 9,312 2,185 1,202 2,431 2,281 7,279 87 4 2/23 5 8 4 5 12 3 2 4 5 12 52 8 * 776 9,098 1,271 57 3 1 1,167 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 69 132 _ 13. 17 32 ___ 3 21 11 4o 22 2 ______ L. FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral J L I r l L OCX X . V / V /U1XX«LJ>VU 32,5^1" 1,909 7,808 1,909 2,860 2,626 1,861 5,790 1,329 648. 1,262 1,660 3,539 580 605 400 1,400 130 215 800 550 285 65 1,000 825 3,000 680 1,350 1,040 3,800 7,183 120 26,214 433 1,600 425 1,494 6,300 1,600 2,300 2,045 1,500 4,500 310 20 1,100 33,517 1,927 7,900 2,060 2,880 2,650 1,900 5,900 1,430 35 — - - - 2/ After deducting J$ 6 4 million participations of other Federal Reserve Banks. * Less than $ 500,000.
@FedFRASER