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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks h A.i „F o r immediate release Au g u s t 2 9 , 1963 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 mem ber 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 28 d e c r e a s e d a n e t o f $115 m i l l i o n t o $ 1 9 ,5 4 2 m i l l i o 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 member b a n k s i n c r e a s e d $ 7 9 m i l l i o n a n d 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 $ 1 9 4 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 $29 m i l l i o n $86 t o $ 37 5 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 mem ber b a n k b o r r o w in g 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 b y $ 1 0 1 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 m i l l i o n th e week b e f o r e . $110 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 rv e B a n k s w e re a d e c r e a s e o f m i l l i o n i n F e d e r a l R e s e rv e f l o a t and an in c re a s e o f $39 m i l l i o n i n T r e a s u r y d e p o s its w i t h F e d e r a l R e s e rv e B a n k s . The p r i n c i p 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 m i l l i o n in h o ld in 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 a n d a d e c r e a s e o f $ 1 2 2 m i l l i o n i n c u r r e n c y i n c i r c u la tio n . T o t a l R e s e rv e Bank c r e d i t d e cre a s e d $266 m i l l i o n . $369 $125 A s o f W e d n e s d a y , A u g u s t 2 8 , 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 0 m i l l i o n h i g h 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 $50 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 l o w e r , a n d m em ber b a n k b o r r o w in g s w e re $ 2 8 2 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 , n o te s , and bonds in c re a s e d $112 m i l l i o n , m i l l i o n , a n d $53 m i l l i o n , r e s p e c t i v e l y . $25 A v e ra g e s o f d a i l y f ig u r e s C hange f r o m w eek e n d e d Week e n d e d August 21, August 29, A ugust 28, 1962 l 196 3 ( i n m illio n s o f d o lla r s ) M em ber b a n k r e s e r v e s , R e s e rv e B a n k c r e d i t , a n d r e l a t e d it e m s 106 R e s e rv e B ank 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 un t H e ld 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 and a d v a n c e s - M ember b a n k b o r r o w i n 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 re a s u ry cash 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 ) Member b a n k r e s e r v e s : W it h F e d e r a l R e s e r v e B a n k s C u rre n c y and c o in (e s t im 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 ) 1963 3 2 ,0 7 4 68 36 274 31 1 ,4 2 6 3 3 ,9 0 1 1 5 ,5 8 3 5 ,5 8 6 5 5 ,0 6 9 3 5 ,7 2 8 4 00 918 1 62 181 1 ,2 1 9 38,608 16,461 3,081 1 9 ,5 4 2 1 9 ,1 6 7 375 + 1 10 + 15 3 + 2 ,0 5 5 + 68 + 1 - 20 + 1 + + -3 6 9 1266 + 131 + 2 ,4 6 8 + 3 1264 + 1,923 -1 2 2 + 6 + 1,858 + 39 + 9 4 + 2 - + 4 4 l6 + + 2,566 -1 9 4 + 79 + 583 211 -1 1 5 - 86 - 29 - 372 212 -- 76 201 12 529 15 30 133 399 160 W ednesday, 28 Aug. , 1 96 3 3 2 ,1 8 3 54 37 308 30 1 ,1 3 2 3 3 ,7 4 4 1 5 ,5 8 3 5 ,5 8 3 5 ^ ,9 1 0 3 5 ,7 7 4 4oi 1 ,0 1 5 1 47 188 1 ,2 1 3 38,738 16,172 3 ,4 0 7 1 9 ,5 7 9 1 9 ,2 0 9 370 On August 2 8 , , U. S. G o v e r n m e n t securities h e l d in c u s t o d y b y the F e d e r a l Rese r v e Ban k s for foreign accou n t w e r e $ 7 ,8 5 3 million, a decre a s e of m i l l i o n for the w e e k a n d a n increase of $ 1 ,4 0 3 m i l l i o n f r o m the comparable $8 date a y ear ago. . H.4.1(a) CONSOLIDATED STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Aug. 28, 1963 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 agreement Total U. S. Government securities * | , 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 — - 5 5 - 637 •f i n - 326 - 35 220 3 359 338 37 + 11 -282 3,003 10,732 14,010 4,438 32,183 54 32,237 +112 -+ 25 + 53 + 33 + 1 ,214 + 277 +190 - 50 +I4o +2 ,040 + 54 +2 7094 32,612 -142 +2 ,317 (1,144) 4,780 (1,591) 102 288 53,432 -731 -+ 20 ^857 + 365 5 - 301 +1 7515 (447) 30,659 - 46 ,838 16,172 -459 + 67 - 5 + 10 -38? -429 - 1 (447) Total loans and securities* Cash items in process of collection Bank premises Other assets TOTAL ASSETS 13,974 1,317 15,291 ______Change since Aug. 21/ Aug. 29, 1963 1962 1,015 147 188 17,522 (1,144) 3,648 78 (1,591) 51,907 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,591) 486 934 105 53,432 + -863 + 1 -- + 15 -847 516 + - 729 525 22 125 351 + + 238 10 +1■,735 + 26 + 46 + 8 +1,815 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol + .2/ - 2 .1/0 31.4/o lowing pages--not consolidated) Contingent liability on acceptances purchased + 16 + 1 88 for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating processj _____ see comparable figures on combined basis on the following pages. _________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES,AUGUST 28, 1963 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances 30k 7 Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 27 -- 338 Acceptances 10 27 ----37 U . S . Government securities Changes during week Holdings ---- W -129 +191 5,313 — 13,089 10,866 + 53 + 25 2,176 -199 +i4o 32,237 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST* 28, 1963 H.4.l(b) 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 R ic h m ond m illio n s S t. L o u is A t l a n t a C h ic a g o M in n e a p o lis Kansas D a lla s C it y San F ra n c is c o 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 re s e rv e s F . R . n o te s o f o t h e r Banks O th e r cash D is c o u n ts and a d van ce s 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 t r ig h t -n m s C e rt if ic a te s N o te s Bonds -T o ta l 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 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 ite m s i n p ro c e s s o f c o lle c t io n B a n k p r e m is e s O th e r a s s e ts TO TA L AS S ETS 1,226 3 ,2 8 9 316 3 ,6 0 5 736 75 811 1 15 1 ,3 4 1 23 93 66 67 21 17 33 338 8 l4 4 9 7 37 -- 37 144 762 1 3 ,9 7 4 1 ,3 1 7 1 5 ,2 9 1 8 23 76 447 359 48 3 ,0 0 3 1 0 ,7 3 2 1 4 ,0 1 0 4 .4 3 8 32,183 54 899" 516 674 2 l4 1 ,5 4 8 _ —, 2 ,7 2 3 3 ,5 5 4 ~— 161 54 575 750 238 1 ,7 2 4 «. — 1.126 8,165 248 886 940 113 1,053 23 768 _J5 8 43 2 ,4 8 1 231 2,712 39 11 17 11 4 58 22 16 16 13 **■*** "" 505 1 ,8 0 4 119 426 2 ,6 5 7 •* 1 ,7 9 1 -- 2 ,3 5 5 7 46 5 ,4 1 0 - - 597 780 247 1 ,5 4 8 8 .2 1 9 1 ,7 2 4 2 ,6 5 1 . 2 .1 0 9 -L J 9 i_ 5 .4 1 0 3 2 ,6 1 2 1 ,5 5 6 8 ,4 0 0 1 ,7 3 3 2 ,6 6 4 2 ,1 3 1 1,807 5 ,4 2 6 5 ,9 2 4 1 02 459 3 13 1 ,1 2 3 8 74 365 3 15 4 79 7 25 4 20 46l l4 8 99 23 __ 45 3,001 1 3 ,3 6 9 3 ,0 1 5 4 ,5 6 6 3 ,6 7 5 5 5 ,0 2 3 23 14 32 55 3 2 ,2 3 7 288 553 51 604 35 30 167 5 19 ___ 17— 3 ,2 0 7 9 ,1 9 2 286 28 3 14 24 197 7 03 918 201 2 ,1 0 9 — 1 ,1 5 7 366 544 _______ 5 3 597 208 272 557 1 7 6 . _______ 8 6 624 1 ,2 7 8 -- 1 .7 8 5 k2 585 1 ,9 2 7 17 14 45 48 51 10 38 126 122 4 51 587 434 186 1 ,3 5 0 394 1 ,4 0 9 567 180 1 ,8 3 9 58 P ._ 4 ,2 2 4 1 ,3 0 3 - - .. — 1 , 218. 624 1 .3 5 0 . 1,,-3.0-3- 4 .2 2 4 1,291 628 1 ,4 0 1 1 ,3 1 3 4,262 255 189 305 12 64l 10 2 ,2 5 9 6 ,9 7 0 328 4 6 7 12 _________ 1 _______ 1 3 .______ 13________ 3X— 2,198 1 ,1 9 0 2,381 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 28, 1963 Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne Kansas apolis City Dallas San Fran cisco (In millions of dollLars) L I A B I L I T I E S 1,832 7,^83 1,82k 2,685 2,506 1,78k 5,62k 1,269 555 1,219 937 3,388 k ,270 718 876 130 72 8 1 72 8 1 690 799 l,3kl 957 2,588 668 787 55 6 2 850 2,62k 136 19 k8 17,522 399 kk 3 1 kk7 915 5k 8 2 k,628 57 7 2 7k8 2 ,k6o 106 21 1 609 l/b l l,2k0 87 lk * 682 188 592 91 7 * 979 2,827 ^,792 k03 830 302 39^ 3^1 377 751 205 151 2k3 253 78 b 20 k 6 5 k 12 3 k 53, ^98 2,929 12,961 2,929 k,k26 3,600 3,122 8,975 2 3 2,lk5 “ 1,155 2,315 2,173 k86 93k 105 23 27 k5 bb 27 51 7 69 132 5 130 251 27 55,023 3,001 88 b Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits 3l,ic6 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 16,172 1,015 lh j 187 5k 5 * 5k2 11 6,768 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 22 2 21 ko 5 28 53 5 6k 12k 16 17 32 k 11 5b 87 5 8 2k kk 7 13,369 3,015 k, 566 3,675 3,207 9,192 2,198 1,190 2,381 2,259 6,970 2/ 2 b 5 8 k 5 12 3 2 k 5 12 3,558 lk 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 32,568 1,909 7,183 68 26,21k k33 -l.kgk 33,^65 1,927 7,817 1,903 2,852 2,631 1,86k 5,782 1,327 w r 1,263 1 ,C15 1,600 k25 7 58O 605 130 285 -2,ck5 i,koo -k ,500 310 — 2,300 kCO -1,500 12 1,100 215 —— 2,880 2,650 1,900 5,900 l,k22 -- 6,300 7,900 1,600 2,032 l / After deducting $106 million pa;rticipations of other Federal Reserve Ba,nks. — 800 mm — 550 k9 1,000 825 3,000 680 1,33^ i,oko 3,8c c * Less than $500,000.
@FedFRASER