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Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release December 26, 1963 H.4.1 The average of daily figures of total member "bank reserves held during the week ended December 25 increased a net of $325 million to $20,990 million. Estimated currency and coin of member banks decreased $27 million and their reserve balances at the Federal Reserve Banks increased $352 million. Estimated required reserves increased $315 million; and estimated excess reserves increased $10 million to $498 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $l8l million, compared with the revised figure of $216 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $520 million in Federal Reserve float and $45 million in member bank borrowings. The principal offsetting changes were an increase of $131 million in currency in circulation and a decrease of $79 million in Federal Reserve holdings of U. S. Government securities. Total Reserve Bank credit increased $533 million. As of Wednesday, December 25, holdings of U. S. Government securities held under repurchase agreement were $6~0 million lower and member bank borrowings were $48 million lower than a week earlier. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreement AcceptancesBought 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 F . R . accounts (net) Averages of daily figures Week ended Change from week ended Wednesday, Dec. 26, Dec. 25, . Dec. 18, Dec. 25, 1962 1963 1961. 1963 (in millions of dollars) 33,552 3*- 30 ^9 +3,063 + 13 33,552 120 57 56 9 39 + + 10 29 62 59 317 33 2,991 ^5 2 ^0 +5 +533 - 30 + 4 +507 + 10 + 32 + 149 +3,307 - 426 + _22 227 32 2,916 36,968 15,513 5,587 58,068 +131 + 3 +2,281 - 4 238 37,o4o 15,552 5,586 58,179 37,752 395 903 15k 210 1,208 40,622 +2,9c4 37,873 4oi 888 138 220 1,213 4o,733 - 4 85 + 14 182 + 14 +2,560 +154 Member bank reserves: With Federal Reserve Banks +352 17,556 17,335 + 3^ Currency and coin (estimated) 3,73^ 321 3,^ - 27 + Total reserves held +325 21,069 20,990 + 665 Required reserves (estimated) +315 20,492 + 728 20,493 Excess reserves (estimated) + 10 498 576 63 On r-e<wr/b«r 25, I963, TJ. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,698 million, an increase of $27 million for the w*ek and an increase of $l,5k6 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED SfA$EM$& OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Dec. 25, Change since rrs,' Dec. IS£3 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves #'' Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U . S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities (395) 80 •f 606 137 -1 - 73 94 - 9 - 48 + 11 62 59 + 10 + 27 + + 14 22 - 60 +1,659 -6,116 +7,012 + 508 +3,063 25 +3,038 3^,052 - 71 +3,085 6,885 103 33^ (1,568) 5"677B3 -807 + 20 ^ 0 +1,279 1 12 +3,788 (395) 32,583 +139 +2,189 17,335 688 138 220 18,581 -113 - 39 - 20 + 22 -15c 3,969 100 -955 + 5 (1,568) 55,233 ^95i + 468 + 286 - 91 - 102 + 561 + 931 + 15 +3,696 (1,173) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1962 182 259 4,112 7,c66 17,729 4,645 33,552 120 33,672 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 13;824 1,403 15,227 Dec. 25] (1,173) C A P I T A L A C C O U N T S Capital paid in 496 Surplus 934 Other capital accounts 120 TOTAL LIABILITIES AND CAFITAL ACCOUNTS (1 568) 56,783 + 2 + 19 ^ 0 + + + 29 46 17 4.3 jQ% Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 29 •5* - .2$ Contingent liability on acceptances purchased for foreign correspondents 95 - 2 + 1 1 * 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, DECEIVER 25,1961 (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 Discounts and Changes advances Acceptances Holdings during week Within 15 days 224 72 721 -161 16 days to 90 days 35 49 6,189 +179 91 days to 1 year --15,738 - 78 Over 1 year to 5 years --8,669 Over 5 years to 10 years --2,136 Over 10 years -219 zz Total 33,672 259 121 To H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 25, I963 Total jBoston Nev York Phila- Cleve- RichSt. Atlanta Chicago Louis delphia land mond Minne- Kansas Dallas apolis City San Francisco (in millions of dollars) ASSETS Gold certificate account 13,824 Redemption fund for F. R. notes 1,403 . Total gold certificate reserves 15,227 737 80 817 3,419 334 3,753 764 79 843 1,132 121 1,253 1,011 118 1,129 747 82 • 829 2,193 256 2,449 528 57 585 287 29 316 591 55 646 638 43 681 1,777 149 1,926 93 F. R- notes of other Banks Other cash 395 182 29 9 4o 28 5 19 9 25 8 34 27 38 22 16 13 35 6 13 6 19 8 46 29 Discounts and advances Acceptances: Bought outright Held under repurchase agreement JB- S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 259 13 88 6 8 20 7 43 10 7 18 7 32 — 62 59 -- -- -- -- -- 1,039 1,785 4,480 1,174 8,478 120 219 377 945 248 1,789 342 588 1,475 386 2,791 275 472 1,185 311 2,243 235 405 1,015 266 1,921 686 1,179 2,957 774 5,596 164 282 706 185 1,337 78 135 337 88 638 165 282 710 186 1,343 159 273 687 18C 1,299 5^3 932 2,340 613 4,428 8,598 1,789 2,791 2,243 1,921 5,596 1,337 638 1,343 1,299 4,428 62 59 207 356 7,c66 892 |i7,729 234 j 4,645 ! 133,552 1,689 ! 120 ! 4,112 Total U. S. Government securities 133,672 1,689 — -- — Total loans and securities 34,052 ; 1,702 8,807 1,795 2,799 2,263 1,928 5,639 1,347 645 l,36l 1,306 4,460 Cash items in process of collection Bank premises Other assets i 8,058 ! 1 103 ! 334 539 3 16 1,764 8 87 4l4 3 18 575 6 31 603 5 20 560 16 19 1,347 23 51 388 6 13 269 4 6 407 7 14 327 12 15 865 10 44 3,115 14,552 3,106 4,692 4,053 3,413 9,569 2,368 1,281 2,454 2,368 7,380 TOTAL ASSETS 58,351 STATEMENT OF' CONDITION OF EACH FEDERAL RESERVE BAKE ON DECEMBER 25, 1963 H.4.l(c) Total L I A B I L I T I E S Federal Reserve notes Deposits: Memter bank reserves U• S. Treasurer-general £LC count Foreign Other Total deposits Deferred availability 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 correspondents Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minne- Kansas Dallas apolis City San Francisco (in millions of dollars) 32,978 1.933 7,960 1,919 2,828 2,708 1,929 5,921 1,345 592 1,260 979 3,604 17,335 888 138 220 18,581 663 58 6 4,876 145 721 54 8 1 784 1,233 76 12 1 1,322 791 43 6 2 842 909 75 7 2 993 2,512 109 18 15 2,654 618 65 4 * 687 442 35 3 l 481 961 55 8 1,024 2,798 119 17 54 2,988 312 393 4i9 398 757 278 168 811 54 6 2 873 250 274 569 26 l4,l40 4 3,019 9 4,552 6 3,975 6 3,326 16 9,34B 4 2,314 4 1,245 4 2,387 4 2,281 12 7,173 45 87 8 25 44 9 28 51 8 70 132 19 17 32 5 12 22 2 21 40 6 28 53 6 66 124 17 * 5,1^2 727 376 100 56,801 3,o4i 5 lA3 l42 5,206 93^ 120 24 44 6 132 251 29 28 54 5 58,351 3,115 14,552 3,106 4,692 4,053 3,413 9,569 2,368 1,281 2,454 2,368 7,380 95 5 2/26 6 9 4 5 13 3 2 4 5 13 i,c49 3,759 190 850 1+96 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 l/ After deducting 2/ After deducting 8,272 1,980 2,995 2,783 2, CC6 6,137 i,4o6 618 1,700 425 4 1,600 610 625 18 2,195 4i-. 1,100 120 272 1,650 5,ico 310 9 1,150 500 1,100 875 3,000 2,065 6,200 1,469 620 1,389 1,063 3,850 6,700 2,450 2,037 8,4oo 2,029 3,o6o 2,838 95 million participations of other Federal Reserve Banks. 69 million participations of other Federal Reserve Banks. 1,297 17 Less than $500,000.
@FedFRASER