The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL Factors Affecting Bonk Reserves RESERVE and Condition Statement of F.R. Banks For immediate release August 6, 1964 The average of daily figures of total member bank reserves held during the week ended August 5 increased a net of $216 million to $20,551 million. Estimated currency and coin of member banks decreased $172 million and their reserve balances at the Federal Reserve Banks increased $388 million. Estimated required reserves increased $224 million; and estimated excess reserves decreased $8 million to $369 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $109 million, compared with the revised figure of $198 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $623 million in U. S. Government securities bought outright and $8l million in member bank borrowings. The principal offsetting changes were a decrease of $166 million in Federal Reserve float, and increases of $71 million in currency in circulation and $58 million in Treasury deposits \rith Federal Reserve Banks. Total Reserve Bank credit increased $511 million. As of Wednesday, August 5, holdings of U. S. Government securities bought outright were $291 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $155 million higher, and member bank borrowings were fyhkf million higher. Outright holdings of bills and bonds increased $26l million and $30 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought outright--System account Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and advances-Member bank borrowings Other Float Total Reserve Eank 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 p. R. Banks Other F . R . accounts (net) Averages of daily figures Ueek ended Change from veek ended July 29, Aug. 5, Aug. f, 1964 1964 _„ 1963 "Tin millions of dollars} 3M80 +2,607 - 62 35,051 1 18 41 25 - 138 3 + 172 +2~718 - 171 - 17 +2,531 735 36,892 15,462 5,570 57,925 + 81 + 2 -166 +511 - 1 + 3 +515 37,885 + 71 44o 769 137 199 1,132 -- + 58 + 4 + 9 - 16 +126 +2,182 + 38 + 27 - 33 -• 51 + 61 +2,224 +388 -172 +216 +224 - 8 + + + + - 132 4o 18 260 2 l,h60 40,562 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Wednesday, Aug. 5, 1964 17,363 3,188 26. ?;i 20,182 369 +623 - 29 —— -•- + 308 330 638 751 113 207,- __ 1,237 37,296 15,463 5,570 58,329 38,031 442 828 129 186 1,129 40,745 17,584 3,281 20,865 20,249 616 On August 5, 196^, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,221 million, an increase of $92 million for the week and an increase of $368 million from the comparable date a year ago. H. 4.1(a) CONSOLIDATE]? STATEMENT OF CONEITICN OF THE TWELVE FErERAL RESERVE BANKS (in millions of dollars) Aug. 5, 1964 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bcught outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS LIABILITIES Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 13,730 1,454 15,184 140 (475) Change since Aug. 7, July 29, 1964 1963 - l 3 k - 6 735 + 447 4l 25 -- 5 + + • 301 149 152 209 324 + + 2 25 896 + 119 2 51 +1,056 + 2,039 -14,464 +15,042 + 118 + 2,735 + 154 j-2,889 + 2,592 + 408 1 + 76 + 2,714" (475) 32,764 + 153 + 2,048 17,584 828 129 186 18,727 + 561 + 154 11 10 + 694 + - 4,093 104 (1,595) 55,688 + ^177 + 9 +1,033 + 302 + 28 + 2,6Cf -" + 32 + 56 + 23 + 2,714 5,398 24,912 4,741 35,051 207 35,258 36,059 (1,120) 5,330 101 530 (1,595) 57,344 (1,120) CAPITAL ACCOUNTS 516 Capital paid in 990 Surplus 150 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,595) 57,344 26l -__ + + + +_ + 30 291 155 44g •*- + 23 +17056" 408 113 69 + 1 225 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 29-2$ -5$ 1*7$ Contingent liability en acceptances purchased + for foreign correspondents 137 " 52 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. ! MATURITY DISTRIBUTION OF LCANS AND SECURITIES, AUGUST 5, 196U (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 Changes Discounts and advances Acceptances Holdings during week +2,116 Within 15 days 2,923 35 729 16 days to 90 days -1,771 2,733 31 6 •*-* 91 days to 1 year 12,8c6 + 71 --Over 1 year to 5 yearss 14,691 _Over 5 years to 10 years 1,861 + 25 -— Over 10 years + 5 244 + 446 Total 35,258 S B 735 ** Less than $500,000. •»-» STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 5, 1964 H.4.1(b) Total Boston Gold certificate account | 13,730 Redemption fund for P. R. notes • iMh Total gold certificate reserves 15,184 755 82 New York Philadelphia Cleve- RichAtlanta Chicago land mond (In millions of dollars) St. Louis Minne- Kansas Dallas apolis City San Francisco A S S E T S F. R. notes of other Banks Other cash 837 3,257 341 3,598 797 80 877 1,147 127 1,274 960 118 1,078 670 85 755 2,243 266 2,509 580 59 639 275 26 301 583 55 638 512 48 560 1,951 167 2,118 35 10 151 44 35 3 21 8 38 12 ^7 15 25 13 10 6 36 4 12 5 22 4 43 16 4 38 65 50 144 66 9 83 18 175 -- __ -- — — -- -- -- — -- -- 287 438 373 954 181 1,342 1,001 190 1,408 209 -967 184 1,360 715 1,718 327 2,4l8 103 __ 475 91 669 217 2,022 385 2,845 929 -.4,287 816 6,032 207 1,326 253 1,866 296 -._ 1,368 261 1,925 3,301 628 4,644 1.866 2.84-5 2.418 1.925 6,032 1,342 669 1.406 1.360 4.644 9,055 1,870 2,883 2,483 1,975 6,176 l,4o8 678 1,491 1,378 4,819 504 1,209 4i4 27 8 135 2Q 471 6 44 483 5 32 533 18 30 996 22 85 293 6 20 203 4 10 385 6 24 312 11 24 647 9 70 3,259 14,200 3,231 4,707 ^,131 3,373 9,826 2,382 1,236 2,561 2,311 7,722 475 Iko 20 Discounts and advances 63 735 Acceptances: Bought outright -4l kl Held under repurchase agreements 1 25 25 U. S- Government securities: Bought outrightBills 1 5,398 1 281 1,343 Certificates »«. __ I -Notes 24,912 ! 1,296 6,197 Bonds 4,74l ! 246 1,179 Total 35,051 ! 1,823"" 8,719 Held under repurchase agreements 207 . _207 I Total U. S- Government securities 35.258 .1...823... .. 8.926 1 Total loans and securities |36,059 Cash items im process of collection Bank premises Other assets 1 6,450 101 530 1,843 1 3 0 j j TOTAL ASSETS 158,939 HA.l(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON" AUGUST^, 1964 Total Boston j New York St. Phila- Cleve- RichAtlanta Chicago delphia land mond Louis San ~ Francisco (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 a<^count Foreign Other Total deposits Deferred availability cash items Other liabilities and accnaed dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac ceptances purchased for fore ign corre spondent s iiixme- Kansas Dallas apolis City 33,239 1,951 7,939 1,925 2,815 2,737 1,909 6,008 1,337 584 1,295 1,014 3,725 17,58^ 828 129 186 13,727 5,213 733 775 449 4,702 129 1/3* 116 4,981 815 772 55 7 1 835 374 1,244 54 12 1 1,311 425 811 84 7 5 907 396 882 54 7 1 944 419 2,620 95 18 2 2,735 827 659 27 4 1 691 293 403 4l 3 1 448 164 827 98 6 3 93^ 256 915 28 8 1 952 247 3,016 127 17 54 3,214 548 10^ 6 ! 57,283 3,181 27 13,762 5 3,139 8 ^,559 7 4,047 6 3,278 4 17 9,587 "2,325 2 1,198 4 2,489 4 2,217 14 7,501 24 136 264 38 29 55 8 46 90 12 26 k9 9 30 56 9 73 140 26 18 34 5 12 23 3 23 ^3 6 30 57 7 69 132 20 3,259 14,200 3,231 ^,707 ^,131 3,373 9,826 2,382 _L?.23_6_ ?, "61 . 2,311 7,722 2/36 8 12 7 8 19 I 516 990 150 58,939 ! 137 *« * kl 7 7 5 3 6 8 18 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 2,021 8,4io 1,999 2,998 2,824 1,999 6,233 l,4o8 613 1,337 1,093 3,909 423 1,670 425 4 500 620 340 1,100 260 112 180 735 i,7CQ 2,129 2,550 3,050 277 83 1,100 1,460 1,000 1,180 3,4co 4,135 1,650 2,073 6.850 8,520 00 2,245 2,865 1/ After deducting $ 95 million participations of other Federal Reserve Banks. 2/ After deducting $L01 million participations of other Fe&oral Reserve Banks. 1,700 2,o4o 5,^oo 6,500 1,210 1,536 510 622 * Less than $500,000.
@FedFRASER