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FEDERAL RESERVE Factors Affecting Bank Rosorves and Condition Stotonont of F.R. Banks ***** h . 4.1 For immediate release December 5 , 1963 The average of daily figures of total member bank reserves held during the week ended December 4 increased $301 million to $2 0 ,3 3 7 million. Estimated currency and coin of member banks increased $50 million and their reserve balances at the Federal Reserve Banks increased $251 million. Estimated required^reserves increased $27 million: and estimated excess reserves increased $274 million to $6 l2 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $105 million, compared with the revised figure of $138 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $572 million in U. S. Government securities bought outright and $112 million held under repurchase agreement and $307 million in member bank borrowings, and a decrease of $194 million in Treasury deposits wx Federal Reserve Banks. The principal offsetting changes were a decrease of $495 million in Federal Reserve float and an increase of $401 million in currency in circulation. Total Reserve Bank credit increased $498 million. As of bought outright securities held bank borrowings bonds increased Wednesday, December 4 , holdings of U. S. Government securities were $589 million higher than a week earlier, U. S- Government under repurchase agreement were $ 6 l million higher, and member were $479 million lower. Outright holdings of bills, notes, and $514 million, $50 million, and $25 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S- Government secu rities-Bought 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 F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures __ Week ended Change from week ended Wednesday, Dec. 4 , Dec • 5 , Nov. 27, Dec. 4 , 1962 1963 1963 1963 (in millions of d o llars) 3 3 ,5 9 0 205 +572 +112 + 3;,367 417 + 44- 3 3 ,7 8 3 193 4 1 43 5 4- 415 4* 32 - 201 89 5 7 ,1 7 9 +307 -3_95 +498 + 1 - 7 +492 394 30 +3 ,2 7 3 3 5 ,9 6 2 1 5 ,5 8 3 5,5 83 57,128 3 7 ,2 7 3 392 812 167 197 1 ,2 6 4 4 0 ,1 0 6 +401 + 6 -194 + 16 - 2 + 14 +252 4-2,4 1 3 42 4* 312 4o - 118 4* 196 +2 7 T65 3 7 ,4 0 3 387 586 152 203 1 ,2 5 9 3 9 ,9 9 0 1 7 ,0 7 4 3 ,2 6 3 2 0 ,3 3 7 1 9 ,7 2 5 612 +251 + 50 +301 + 27 +274 44444- 1 7 ,1 3 9 3 ,4 2 3 20,562 19,980 582 42 1 507 33 1 ,6 3 1 36,010 1 5 ,5 8 3 5,586 1 1 +3 , ,6 3 7 - 509 299 8C8 576 ' 232 32 1,817 On December 4 , 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8 ,4 0 7 million, a decrease of $47 million for the week and an increase of $1,235 million from the comparable date a year ago. H.4 .1 (a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Dec. 4 y 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Change since Dec. 5 , Nov. 27 , 1962 1963 537 1 3 ,9 2 8 1 ,3 7 8 1 5 ,3 0 6 + + 1 13 12 233 121 - 7 484 - 70 + 5 + + 4 5 4 ,3 4 3 7,066 1 7 ,7 2 9 4 ,6 4 5 3 3 ,7 8 3 193 3 3 ,9 7 6 + 514 + + + + + 589 61 650 + 2,0 9 9 -6 ,1 1 9 +6,965 + 563 +3,508 + 183 + 3 ,6 9 1 3 4 ,1 4 5 + 171 + 3 ,6 3 0 6,003 io4 + 944 + + - 138 399 * (3 1 7 ) Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 43 5 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS (1,274) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES A C C O U N T S C A P I T A L Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50 25 - - 581 1 + 25 +1 ,1 4 5 72 + 3 ,6 5 7 (317) 32,162 + 181 +2, 206 1 7 ,1 3 9 586 152 (**) 203 (**) 18,080 + - 680 + + + 295 (1 .5 9 1 ) 56,086 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits - - 82 (1 ,2 7 4 ) 4 ,1 8 6 ____ 94 (1 .5 9 1 ) 5 4 ,5 2 2 492 934 ^ 138 (1,591) 56,086 + + 356 8 29 345 + 595 + l +1,122 - _ + 23 + 1 ,1 4 5 928 227 66 113 . 976 + 366 + 16 + 3 ,56 A + 27 + 46 + 20 + 3 ,6 5 7 Ratio of gold certificate reserves to deposit and F- R. note liabilities combined (com puted from figures as shown on the fol - 2.8# lowing pages--not consolidated) 3 0 .3$ Contingent liability on acceptances purchased l4 2 101 for foreign correspondents * 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 4 . 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 ; during week Holdings Acceptances advances Within 15 days l6 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 ** Less than %r />(‘>6 0 0 . 35 14 34 — — -- 86 -— - _ I21 m 1 ,0 3 2 5 ,9 9 7 1 5 ,9 2 4 8 ,5 0 4 2,300 219 3 3 ,9 7 6 +253 +137 +185 + 52 + 23 -+650 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 4, 1963 H. 4.1(h) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco 546 56 293 30 323 679 51 730 621 1,580 665 1,729 (In millions of dollars) A S S E T S 1 3 ,9 2 8 1 ,3 7 8 1 5 ,3 C6 8^-6 78 924 F. R. notes of other Banks Other cash 31 ? 233 16 13 82 51 Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 121 k 43 5 4 ,3 4 3 7,066 1 7 ,7 2 9 4 ,6 4 5 33 ,7 8 3 193 U. S. Government securities 3 3 ,9 7 6 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Total Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS G4-9 2,435 1 ,0 6 8 8 l4 82 896 11 9 15 13 30 21 23 36 12 l4 35 7 11 8 i4 10 47 4i 3 4 11 18 3 2 26 8 5 ~— —— 581 1 ,1 1 7 122 957 ill 1 ,2 3 9 .21 10 22 15 —~ -- 43 5 -- 218 355 889 233 1,695 - 1,098 1,786 4 ,4 8 2 1 ,1 7 4 8 ,5 4 0 193 1,695 " 8 ,7 3 3 1,854 2 ,8 2 4 34,1 4 5 1,699 8,803 1,869 7 ,2 7 7 295 622 3 15 1 ,4 2 5 8 76 5 7 ,6 7 7 3,292 1 4 ,1 6 7 ic4 — i" 3 ,3 9 1 331 3 ,722 -. 77 726 — 247 2 ,6 8 2 168 170 697 183 1 ,3 2 9 -- 273 686 180 1 ,3 0 7 277 694 182 1 ,3 2 3 5,612 1 ,3 2 9 651 1 ,3 0 7 1,323 4 ,5 2 3 5 ,6 3 0 1 ,3 3 2 653 1 ,3 3 3 1 ,3 3 1 4 ,5 2 8 315 6 11 239 17 1 ,1 3 6 23 46 5 367 7 13 3 ,3 6 4 9 ,5 7 6 2,292 1,266 2 ,4 6 9 2,292 1 ,8 3 3 2,827 2,296 1 ,8 4 4 44 i 3 16 561 500 54o 7 25 5 16 18 3,086 4 ,6 7 9 3 ,9 1 5 295 479 1,203 315 2,292 — 64 136 342 89 651 -- 383 962 252 1 ,8 3 3 -- 363 591 1 ,4 8 2 388 2 ,8 2 4 -- -- -- 721 1 ,1 7 4 2 ,9 4 5 772 5,612 -- 238 388 973 255 1,854 WT 149 236 171 278 4 946 2 ,3 7 4 622 4 ,5 2 3 " — — 349 12 1 ^42,395 782 10 39 7 ,1 7 6 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CUT DECEMBER 4, 1963 H.4.1(c) Total Boston New York Phila delphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Ca p it a l Rich mond Atlanta Chicago St. Louis Minne- Kansas apolis City Dallas San Fran cisco (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 account Foreign Other Total deposits Cleve land 32,479 1,909 7,814 1,889 2,789 2,676 1,891 5,842 1,324 582 1,251 966 3,546 17,139 586 152 203 18,080 5,460 775 44 709 35 1,228 54 13 739 22 905 36 7 612 42 5 6 8 923 3 883 264 * 1,062 479 950 430 420 39 3 * 462 185 1,025 29 753 351 2,533 69 19 4 2,625 869 825 49 * 825 4,732 73 1/5 3 130 4,988 2,636 94 18 55 2,803 606 94 56,113 5 3,218 27 13,752 5 2,998 5 37276" 16 9,352 4 2,238 '.1 3 2, 4 o i 3 2,307 492 934 24 44 28 54 70 138 6 130 251 34 28 53 7 124 19 57,677 3,292 101 5 6 8 1 6 6 1 1,296 773 382 445 8 4,538 5 3,836 2 1 660 250 1,230 276 12 6,967 " acccumts Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 24 44 6 45 87 9 l 4 , 167 3,086 2/27 6 132 22 17 32 5 11 22 11 28 51 9 3 21 4o 7 4,679 3,915 3,364 9,576 2,292 1,266 2,469 2,395 7,176 9 5 6 l4 4 2 4 6 13 1,276 1,037 3,690 267 24 200 — 1,100 875 1,075 85c -3, coo 3,850 66 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 337816 1,976 8, i 8 l 1,945 2,960 2,781 1,971 6,013 1,380 7,239 3C 27,409 34,678 433 1,700 425 l 1,600 610 4oo 1,300 310 2 , 4oo 2,026 3,010 625 3 2,235 2,863 - - 1,574 2,007 - - 6 j6co 8,300 - - l/ After deducting $99 million participations of other Federal Reserve Banks. 2 / After deducting $71+ million participations of other Federal P.eserve Banks. - - - - 1,600 4,800 2, 0C0 6,100 2 1,125 1,437 6o T “ 119 — 500 _ 619 1,391 * Less than $500 ,0 0 0 .
@FedFRASER