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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks HA.l "' For immediate release December 12, 1963 The average of daily figures of total member bank reserves held during the week ended December 11 decreased $336 million to $19,984 million. Estimated currency and coin qf member banks decreased $32 million and their reserve balances at the Federal Reserve Banks decreased $3Gk million. Estimated required reserves increased $k0 million; and estimated excess reserves decreased $376 million to $209 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $9^ million, compared with the revised figure of $78 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $392 million in member bank borrowings and $115 million in U. S. Government securities held under repurchase agreement, and increases of $2li million in currency in circulation and $kk million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $268 million in Federal Reserve float and $169 million in U. S. Government securities bought outright. Total Reserve Bank credit decreased $65 million. As of bought outright securities held bank borrowings Wednesday, December 11, holdings of U. S. Government securities were $189 million lower than a week earlier, U- S. Government under repurchase agreement were $190 million lower, and member were $200 million higher. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Dec. h} Dec. 12, Dec. 11, 1962 1963 1963 t i n millions of d o l l a r s ) Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement 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. Banks Other P. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Wednesday, Dec 1 1 , 1963 , . 33,759 90 +169 -115 +3,156 5 33,59^ 3 hh 5 + 2 + h 1 19 5 115 33 1,899 35,9^5 15,582 5,586 57,H3 -392 ^ 6 + 8 + 31 + ihh +3,316 - 395 + 27 +2,948 289 32 1,769 35,737 15,583 5,583 56,903 37,^87 388 856 1^3 202 1,268 ^0,3^3 +214 - 4 + 44 - 24 + 5 + 4 +237 +2,261 14 + 378 64 66 + 2C0 +2,694 37,634 39^ 1,067 164 195 1,264 40,718 16,770 3,2l4 19,984 19,775 209 ~3C4 - 32 -336 + 4o -376 + 253 + 204 +~~^57 + 694 - 237 16,185 . 3,671 19,856 19,956 -ICO +268 - 1 On December 11, I963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,584 million, an increase of $177 million for the week and an increase of $1,283 million from the comparable date a year ago. 11.4.1(a) CONSOLIDATED STAl'M^iT OF UOuSiTICW OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Dec. 11, 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves * (34l) Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities - 542 + 142- ~6" - 4l5o 207 321 - 26 +200 + 86 83 2 4 -189 z312 +1,649 -6,119 +6,916 + 497 +2,943 24 +2,919 33,968 -177 +3,000 5,818 104 -185 + 312 (1,463) 55,709 + 17 - -377 +2, (34l) 32,369 +207 +2,175 16,185 1,067 164 195 17,611 -954 +481 + 12 - 8 -469 - 4,049 97 (1,463) 54,126 -137 + 3 ^396 4,154 7,066 17,729 4,645 33,594 3 33,597 (1,122) 492 934 157 55,709 1 ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,463) ^189 -190 » (1,122) + 4- 9. £ £ I 1 A h - 24 + 18 2 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 13,904 1,396 15,300 45 5 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Dec. 4, Dec. 12, 1962 1963 4- 266 535 49 66 154 + 162 •f 14 +2,505 + + + 19 -377 235 1 78 27 46 + 92 +2,670 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 30 A $ +.1$ 2.3$ Contingent liability on acceptances purchased for foreign correspondents 99 - 2 11 * 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 AND SECURITIES, DECEMBER 11, 1963 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements*) U. S- Government securities Changes Discounts and Holdings during week Accepto.nces advances Within 15 days 642 -390 285 13 l6 days to 90 days 6,o64 + 67 36 37 91 days to 1 year 15,868 - 56 Over 1 year to 5 years 8,504 Over 5 years to 10 years -ITS -2,300 Over 10 years ---219 Total 321 50 337397 -379 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 11, I963 H. 4.1(b) Total Boston Nev Philadelphia York Cleve- RichAtlanta Chicago land mond (in millions of dollars) St. San Francisco MinneLouis apolis Kansas City Dallas 286 29 315 625 55 680 477 44 521 1,938 ASSET-S 2,320 1,009 784 82 866 2,566 555 57 612 13 8 21 11 27 17 27 34 11 13 33 6 13 6 14 9 39 39 20 4 12 25 46 8 n 36 33 13 45 5 -- __ -- -- - -- -- -- -- 212 4,154 ; ! 7,066 361 117,729 i 907 4,645 238 33,594 ; 1,718 __ :__.. 3 1,035 1,760 4,4l6 1,157 8,368 219 373 936 245 350 595 284 482 695 1,211 391 317 165 281 705 185 167 284 712 187 168 285 715 187 545 928 1,493 233 396 994 261 1,773 2,829 2,294 1,884 3 -« -- -- -- 1,718 8,371 1,773 2,829 2,294 1,730 8,526 1,793 2,833 1,294 312 530 3 15 8 81 398 3 17 57,172 3,092 14,113 3,036 23 7 105 -- 341 207 ! ! 22 12 98 45 321 12 45 ; ! Discounts and advances Acceptances: Bought outright Held under rep\.i.rchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement Total U. S. Government securities 33,597 Total loans and securities 33,968 1,157 1,036 4,06l 716 79 795 F. R. notes of other Banks Other cash TOTAL ASSETS 890 119 3,726 13,904 1,396 15,300 Cash items in process of collection Bank premises Other assets 121 700 80 780 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 5 1 6,940 104 1 335 246 1,182 1,789 149 81 139 348 91 659 1,350 1,355 4,410 2,965 776 5,618 1,336 -- -.- 1,884 5,618 1,336 659 1,350 1,355 4,410 2,306 1,909 5,664 1,344 666 1,386 1,388 4,423 492 7 27 539 5 18 512 16 18 1,160 23 48 343 6 12 224 4 6 360 7 24 329 12 15 759 10 41 4,537 3,909 3,365 9,522 2,341 1,254 2,466 2,288 7,249 2,327 610 Hr4.l(c) STATEMENT OF CONDITION OF EACH .FEDERAL RESERVE BANK ON DECEMBER 11, I963 Total Boston 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents New York Phila- Cleve- Rich- Atlanta Chicago -St. delphia land mond Louis (In millions of dollars) San Minne- Kansas Dallae Fl'QJlapolis City : _£i§ico ! 32,710 1,923 7,876 1,899 2,817 2,686 1,912 5,873 1,338 588 1,261 16,185 1,067 l64 195 17,611 605 671 48 7 2 728 1,062 92 12 860 65 7 2 934 2,480 72 17 2 2,571 671 396 65 3 2 466 795 77 5 3 880 59 7 1 958 2,693 103 17 46 2,859 5,171 424 852 315 402 728 35 6 4 773 364 607 60 4 * 665 4,397 337 1/73 133 4,940 425 834 274 162 252 265 602 97 55,589 5 3,017 25 13,693 5 2,947 9 4,394 6 3,829 5 3,276 16 9,294 4 2,287 2 1,218 4 2,397 4 2,200 12 7,037 1+92 934 157 24 44 7 130 251 39 28 54 7 45 87 11 24 44 12 28 51 10 70 132 26 17 32 5 11 22 3 21 40 8 28 53 7 124 22 2,_466 2,288 57,172 99 6 1,166 3,092 .1^112 „_3^Q36^_AL53I._ -3*5.02 5 2/27 6 9 5 -JL3£5_ .5. 9,522 # _2a4i_ -L.25L. 14 ._ 3... 3,564 891 66 7,249 • 2 4 6 — - • • " - - " ••*' 13_. 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 1,,57^ 2,007 8,251 1,975 2,986 2,803 1,991 6,057 1,403 610 1,299 1,045 3,724 1,700 425 13 1.600 2,038 610 — 2,400 3,010 625 11 2,233 2,869 425 1,300 120 850 5,100 500 277 34 1,100 200 1,600 310 7 1,125 875 3,000 2,025 6,4oo 1,442 620 i,4n 1,075 3,850 6.700 8,4oo l/ After deducting $ 91 million participations of other Federal Reserve Banks. 2/ After deducting $ 72 million participations of other Federal Reserve Banks. *Less than $500,000. • « ?
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