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.-oOjGOVf.-. FEDERAL RESERVE Factors Affecting Bank Itservts f i d Condition Statement of F . I . l i n k s ^fOT??: H.4.1 For immediate release August 27, 1964 The average of daily figures of total member bank reserves held during the week ended August 26 decreased a net of $5 million to $20,577 million. Estimated currency .and coin of member banks increased $39 million and their reserve balances at the Federal Reserve Banks decreased $44 million. Estimated required reserves decreased $17 million; and estimated excess reserves increased $12 million to $1+03 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $74 million, compared with the revised figure of $113 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $305 million in Federal Reserve float and an increase of $112 million in "other" F. R. accounts (net). The principal offsetting changes were increases of $74 million in U. S. Government securities bought outright and $122 million held under repurchase agreements, and $51 million in member bank borrowings, and a decrease of $115 million in currency in circulation. Total Reserve Bank credit decreased $60 million. As of bought outright securities held bank borrowings bonds increased Wednesday, August 26, holdings of U. S. Government securities were $268 million higher than a week earlier, U. S. Government under repurchase agreements were $72 million higher, and member were $42 million lower* Outright holdings of bills, notes, and $126 million, $60 million, and $82 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreements Acceptances--bought outright 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. Eanks 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, Aug. 26, Aug- 19, Aug 28, Aug. 26, 1964 1964 1964 1963 (B1 millions oi1* dollars) + 74 +122 - 2 +2,855 + 54 + 2 1,719 37,137 15,462 5,563 58,162 + 51 - 1 -305 - 60 + 1 + 5 - 54 + 55 138 — 31 + 301 1 1,324 +3,236 36,579 - 121 15,463 23 5,567 57,609 +3,093 37,998 429 918 145 188 l,2l4 40,892 -115 + 17 - 14 + l - 11 +112 - 10 +2,270 + 29 38,002 -- 1,076 17 7 186 194 5 1,217 41,119 17,270 3,307 20,577 20,174 403 + + + 809 + 214 3^,929 122 38 329 -- 44 39 5 17 12 + +2,284 +1,023 +1,028 5 35,007 72 38 444 16,490 3,665 20,155 20,180 25 On August 26, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,2^1 million, a decrease of $2^ million for the week and an increase of $388 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Aug. 26, 1964 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances—bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total "bought outright .. Held under repurchase agreements Total U. S. Government securities (555) Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes "~ Deposits: Member bank reserves U. S. Treasurer—general account Foreign CAPITAL Capital paid in ACCOUNTS *" - 15 + 11 159 138 38 + 3 - 42 5,112 +126 24,977 4,918 35,007 72 35,079 (1,26*0 35,255 5,324 (1,264) (1,819) -- — + 60 + 82 +268 + 72 +340 +298 -839 148 119 200 200 1 + 2,109 -10,732 +10,967 + 480 + 2,824 + 18 + 2,842 + 2,643 + 544 -- -- + 127 + _2,995 32,7^7 - 90 2,088 16,490 1,076 186 194 17,946 4,000 102 5h~/f95 -122 + 51 + 46 - 1 - 26 -435 + 6 ^ (1,819) 56,427 (555) - 4" 267 + + + 20 -522 102 415 Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 13,707 1,^65 15,172 -- Total loans and securities Change since Aug. 28, Aug. 19, 1964 1963 5l6 + + + + 318 61 + 424 39 6 + + 352 24 2,888 + + + + 30 56 21 Surplus 990 + 23 Other capital accounts 126 -522 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,8l9) 56,427 + 2,995 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 29-6$ -- 1.8$ Contingent liability on acceptances purchased for foreign correspondents 13^ - 1 + 4 6 * 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 AMD SECURITIES, AUGUST 26, 196^ (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U> S. Government securities Discounts and Changes Holdings Acceptances advances duringvVeefc Within 15 days 852 10 -195 133 16 days to 90 days 28 +332 8,993 5 #* 91 days to 1 year 10,226 + 6l Over 1 year to 5 years + 6k 12,770 Over 5 years to 10 years •s + 6k 1,970 Over 10 years + Ik 268 Total +3^0 135 38 35,079 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 26, 1964 H.4.l(b) Total Boston Philadelphia NewYork Cleveland Richmond Atlanta Chicago St. Louis Minne- Kansas apolis City Dallas San Francisco (In millions of dollars) A S S E T S | 711 79 765 3; 611 343 3,954 48 10 138 Discounts and advances 9 Acceptances: __ 38 ^Bought outright tt. S. Government securities: Bought outright— 265 5,112 Bills Certificates 1,294 Notes 24,977 if, Q18 Bonds 255 Total 1,814 35,007 Held under repurchase agreements 72 i •Gold certificate account j 13>707 1^65 Redemption fund for F. R. notes Total gold certificate reserves 15A72 F- R- notes of other Banks Other cash 555 159 683 82 486 59 281 27 588 55 502 48 809 2,223 264 2,487 545 308 643 550 1,934 166 2,100 47 16 51 17 33 17 14 6 39 5 16 6 24 4 44 15 1 6 27 56 2 3 11 10 3 -- .- --. -.- -- -- _- -.-. -- 950 124 1,074 719 90 790 1 019 128 1,147 175 45 42 4 22 14 9 1 38 1,242 275 429 350 278 878 2C0 100 2C6 198 691 6,066 1,194 8,502 1,345 265 1,885 2,097 413 2,939 1,712 337 2,399 1,360 268 1,906 4,287 844 978 193 1,371 490 96 1,003 197 686 l,4o6 969 191 1,358 3,376 665 4,732 -- __ -- -- -- -- -- Total U. S. Government securities |35JLQZ2_ Li*8l&-._8*5Z*L_ 1,885 ._2*222_ ._6,.oc_9__„J^32L_ _2 X 322_ _J^9jL 686 l,4c6 1,358 4,732 Total loans and securities 135,255 1 1,823 Cash items in process of collection Bank premises Other assets 1 TOTAL ASSETS 1 6,588 1 102 415 1 [58,246 467 3 72 — __ 8,621 1,886 2,940 2,405 1,342 455 6 37 479 5 26 4,621 4,052 20 8 104 383 3 22 3,136 14,249 3,130 1,933 514 18 _ .. 23 3,365 6,009 __ 6,065 1,373 689 1,417 1,368 4,735 l,c46 22 65 3C9 6 16 2C6 4 8 4c6 6 19 343 11 19 638 10 56 9,735 2,269 1,259 2,513 2,319 7,598 HA.l(c) STATEMENT' OF CONDITION GF EACH FEDERAL RESERVE BAM ON AUGUST 26, 1964 1 Total 1 Boston LIABILITIES Federal Reserve notes Deposits: Member hank reserves U.S. Treasurer-general acicount Foreign Other tfotal deposits "Deferred availahility cash items Other liabilities and accnled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for fore]Lgn c orre spondent s F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral New York St. Phila- Cleve-I RichAtlanta Chicago delphia land mond Louis 1 San Francisco (in millions of dollars) 33,302 | 1,949 7,915 1,930 2,826 2,752 1,911 6,044 1,336 582 16,490 1,076 186 19^ 17,9^6 616 55 9 1 681 4,555 227 685 75 11 733 66 10 867 54 11 2,430 106 27 1 3 2,566 5,264 424 923 578 50 6 1 635 238 412 45 4 771 333 1,134 82 17 1 1,234 26 5 3,059 13,819 102 56,614 , 516 I 990 126 58,246 134 24 47 6 1/4J 126 4,955 136 264 30 Uxiai. 14,249 1 6_ 2,G73 2/36 3 812 4c6 399 933 422 5 3,039 9 4,475 6 3,969 5 3,271 29 55 7 46 90 10 26 49 8 30 56 8 _3^13P_ 4,621 L_ 873 18 9,501 73 140 21_ 12 19 JL_ I_ FEDERAL RESERVE AGENT'S ACCOUNTS 1,295 461 787 76 8 3 674 " 176 269 4 3 2,213" 1,222 4 18 34 _4_ 4,052 _a,^65_ __£LZ3J5__ 2,269 5_ # 2,442 12 23 2_ 1,259 23 43 5_ 2,513 3_ 6__ 1,020 3,742 862 53 11 1 927 274 2,831 187 25 54 3,097 527 4 2,225 13 7,379 30 57 69 132 18 7_ 2,319 8_ 7,596 18 8,44l 1,986 3,011 2,837 2,016 6,276 1,406 609 1,344 1,095 3,951 1,670 425 500 580 340 1,100 112 735 2,550 3,050 2,295 2,875 1,700 2,o4o 5,4co 6,500 272 11 1,100 1,383 180 1,700 2,126 270 2 1,210 1,482 1,000 1,180 3,400 4,135 6,950 8,620 1/ After deducting $139 million participations of other Federal Reserve Banks, 2/ After deducting $ 98 million participations of other Federal Reserve Banks. Minne- Kansas apolis City Dallas 510 622 * Less than $500,000.
@FedFRASER