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.^sssk '•rf^rs^V FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release December 24, 1964 H.4.1 The average of daily figures of total member bank reserves held during the week ended December 23 increased a net of $465 million to $21,850 million. Estimated currency and coin of member banks decreased $58 million and their reserve balances at the Federal Reserve Banks increased $523 million. Estimated required reserves increased $4o4 million; and estimated excess reserves increased $6l million to $44-9 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $192 million, ccmpared with the revised figure of $254 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $823 million in Federal Reserve float and $123 million in member bank-borrowings, and decreases of $49 million in n other n F. R. accounts (net) and $46 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $360 million in U. S. Government securities bought outright and $49 million in those held under repurchase agreements, and an increase of $91 million in currency in circulation. Total Reserve Bank credit increased $543 million. As of bought outright securities held borrowings were Wednesday, December 23; holdings of U. S. Government securities were $289 million lower than a week earlier, U. S. Government under repurchase agreements were $38 million lower, and member bank $279 million higher. Member bank reserves, Reserve Bank credit, and related items Averages of dailv figures Week ended Change from week ended Dec, 16, Dec. 25, Dec. 23, 1964 1964 1963 Wednesday, Dec. 23, 1964 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright--System account Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Discounts and advancesMember 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 F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) +3,108 + 232 36,618 5 56 53 469 36 + 2 +5^5 - 60 + 1 - 84 +3,135 - 165 - 182 +2,787 + 91 + 15 - 46 + 2 + 7 - 49 + 21 +2,C82 + 213 + 75 10 27 - 151 +2,183 +523 - 58 +465 +4o4 + 61 + + + + - 36,660 -360 266 - k9 52 + 2 -- -- 257 34 +123 + 6 +823 +3^+3 - l 2,907 40,175 15,387 5,4o4 60,966 39,834 6C8 978 l44 183 1,057 14-2,805 18,160 3,690 21,850 21, 401 449 6o4 245 849 874 25 4l2 -- 2,646 40,234 15,388 5,391 61,013 39,974 612 ! 918 206 1 163 ! 993 ; 42,866 18,147 4,0C7 22,154 21,424 1 730 On December 23, 196*4-, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,536 million, an increase of $168 million for the week and a decrease of $l62 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) ASSETS Gold certificate account Redemption fund for F. R. notes Total_gold certificate rese ryes Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U. 3. Treasurer--general account Foreign Other Total deposits_ Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Change, since Dec- 23, Dec. 167^ Dec. 25, 1964 1964 _ 1963, - 318 13,506 - 13 + __166 + 9 1,569 T~5 - 152 15,075 # - 68 - 4 (*9D 114 + 246 +278 505 53 + 2 -- -- 6,156 -289 — 25,188 5,274 3676I8 412 37,030 37,588 (1^73) 7,605 103 ---- -289 + 38 -251 9 59 +2,044 -7,066 +7,459 + 629 +3,066 + 292 +37358" +3,536 + 720 (1,964) 61,161 + 29 -287 + 1 + 71 -194 (491) 3^ 996 +153 +2,413 18,147 19,434 +214 -152 + 85 - 12 +135 (1A73) 4,959 130 (1,964) 59,519 -499 - 6 -217 + 812 + 30 + 68 - 57 + 853 + 990 + 30 +4,286 522 990 --- 130 (1,964) 61,161 + 23 -194 676 918 206 163 -- + 3^2 +4,378 + 26 + 56 + 10 +4,37^ Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 27.k<f0 -.2/0 - 2.1$ Contingent liability on acceptances purchased for foreign correspondents 124 — + 2 9 * Figures in parentheses are the eliminations made in the consolidating process; _see comparable figures on combined basis on the following pages. " ""MATURITY DTRTRtRUTTON OF LOANS ANT) SF.fJITRTTTF.n. DECEMBER 2 ^ 1Q64 (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 advances Acceptances Holdings during v " +112 1,344 Within 15 days Wj2 55 - 77 16 days to 90 days 33 7 3,^97 -286 91 days to 1 year 16,591 — 13,506 Over 1 year to 5 years — Over 5 years to 10 years 1,797 -Over 10 years — — 295 Total 505 53 37,030 -251 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 23, 1964 H.fc.l(b) Total Boston New York Phila- Cleve- RichSt. delphia land mond Atlanta Chicago Louis Minne- Kansas apolis City Dallas San Francisco (In millions of dol].ars) ASSETS 13,506 1,569 15,075 717 90 807 3,420 355 3,775 728 86 8l4 i,o64 137 1,201 1,024 133 1,157 725 95 820 2,l6l 287 2,448 522 63 585 263 28 291 500 62 562 567 51 618 1,815 182 1,997 491 114 29 5 161 21 28 2 29 8 34 10 43 10 4l 22 21 5 21 4 14 5 26 4 44 18 505 Discounts and advances Acceptances: Bought outright 53 U. S. Government securities: Bought outright-Bills 6,156 Certificates 25,188 Notes Bonds 5,274 36,618 Total Held under repurchase agreements 412 76 122 5 14 14 12 101 4 9 31 29 88 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 53 336 1,^59 338 513 437 348 1,059 24o 120 235 230 841 1,37^ 288 1,998 5,966 1,249 8,674 412 1,384 289 2,011 2,101 440 3,054 1,788 374 2,599 1,422 298 2,068 4,333 907 6,299 981 206 1,427 491 103 714 962 201 1,398 943 198 1,371 3,443 721 5,005 37,030 1,998 9,086 2,011 3,054 2,599 2,068 6,299 1,427 7l4 1,398 1,371 5,005 137,588 2,074 9,261 2,016 3,068 2,613 2,080 6,400 1,431 723 1,429 1,400 5,093 9,078 103 676 615 3 3k 1,711 8 174 532 3 37 682 6 60 688 5 38 698 19 38 1,439 22 102 465 6 24 263 4 14 631 6 31 450 11 34 904 10 90 3,567 15,111 3,432 5,054 4,545 3,708 10,474 2,537 1,320 2,678 2,543 8,156 63,125 H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 23, 1964 Total Boston New York Philadelphia Cleveland Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) L I A B I L I T I E S Federal Reserve nates Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits Richmond 35,487 2,091 8,289 2,087 3,029 3,021 2,087 6,411 1,418 633 1,351 1,091 3,979 18,147 918 206 163 19,434 768 82 9 1 860 5,003 108 737 64 10 3 814 1,251 74 16 1 1,342 845 107 9 924 76 10 964 1,011 2,619 109 26 1 2 2,756 672 59 6 1 738 810 63 8 3 884 970 53 10 1 1,034 3,136 81 24 54 3,295 6,432 532 525 469 507 1,049 319 412 42 4 1 459 188 366 319 645 7 ._3jt_ 14,680 3,3*H 11 4,907 8 4,462 7 3,612 22 10,238 5 2,480 3 1,283 5 2,6c6 5 2,449 17 7,936 29 55 7 47 90 10 26 ^9 8 31 56 9 74 140 22 18 3^ 5 12 23 2 23 ^3 6 30 57 7 70 132 18 3,^32 5,054 4,545 3,708 10,474 2,537 1,320 2,678 2,5^3 8,156 11 6 18 4 i 6 !.,.. 1 3 0 , 161,483 t 3,^89 92 5,277 1,080 3 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac cept ances purchased for fore^ign c orre spondent s 522 990 130 25 47 6 63,125 137 264 30 3,567 I 5 , m 124 6 2/33 .7... 1... 3..,_ 5_ __ 1 .12__ FEDERAL RESERVE AGEMT'S ACCOUNTS P. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 2,149 8,748 2,142 3,212 3,113 2,196 6,681 1,488 653 1,400 1,165 6,677 16 31,415 38,108 410 1,730 500 1,100 225 180 735 2,775 2,251 3,275 1,5^3 657 1,050 1,230 ^5.700 .8,930 5,700 6,800 1.200 2,175 1,900 2,240 280 3 1,260 112 7,200 615 12 2,520 3,lV7 3to 1,765 450 1 1,800 L 1,^25 J 1/ After deducting $132 million participations of other Federal Reserve Banks, 2/ After deducting $ 91 million participations of other Federal Reserve Banks, M95 37,142 * Less than $500,000. M35
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