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***f^&t Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 23> 196*J- The average of daily figures of total member bank reserves held during the week ended January 22 decreased $447 million to $20,457 million. Estimated currency and coin of member banks decreased $133 million and their reserve balances at the Federal Reserve Banks decreased $3l4 million. Estimated required reserves decreased $114 million; and estimated excess reserves decreased $333 million to $267 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $103 million compared with the revised figure of $239 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $39^ million in U. S. Government securities bought outright and $156 million held under repurchase agreement, and $197 million in member bank borrowings. The principal offsetting changes were an increase of $162 million in Federal Reserve float and a decrease of $293 million in currency in circulation. Total Reserve Bank credit decreased $608 million. As of bought outright securities held borrowings were Wednesday, January 22, holdings of U. S. Government securities were $626 million lower than a week earlier, U. S. Government under repurchase agreement were $97 million lower, and member bank $2^4 million higher. Member bank reserves, Reserve Bank credit, and related items 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 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, Jan. 22, Jan. 23, Jan. 15, Jan. 22, 196k JL26L J9.63.. _126L_ (in millions of dollars) 32,9^ 71 45 164 33 2,365 35,623" 15,513 5,586 56,722 36,690 4l6 1,044 148 216 1,059 39,572 .394 -156 +3,C46 32,696 - 1 - 22 12 18 69 27 -197 6 + 31 + 58 +3,159 - 415 + 19 316 I 32 1 i 1,748 1 34,888 1 15,513 ' 5,581 : 55,982 +162 ^c8 -- + 2 -605 -293 + 10 + 11 - 19 + 3 - 3 -292 +2,763 +2,329 13 36,568 4l8 + - 221 77 ^ 1,036 + 99 1,055 39,^34 +2,494 147 210 + 268 -314 16,547 3,644 + 274 -133 + 542 -447 20,191 -114 20,050 + 761 141 - 219 267 -333 On January 22, 196*1, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,64-3 million, an increase of $31 million for the week and an increase of $1,500 million from the comparable date a year ago. 17,1^9 3,308 20,457 20,190 H. 4.1(a) CONSOLIDATED SmBMEJJ? OP COHDIITION CP THE TWELVE FBpfeftftL flBSERVE BANKS (in millions of d o l l a r s ) A S S E T S Gold certificate~account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes"* Deposits: Member bank reserves U. S. Treasurer-- general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 9. h I I 1 A L * (T85) Jan. 22, 1964 ^ 13,8Gfc 1 z^? 15,222 286 348 Change since Jan. 15, 1964 ' 5 I ? 7 + + 23 254 69 27 2 25 3,256 7,066 17,729 4,645 32,696 626 ^2,696 33,l4o - 626 97 723 496 Jaa* 23, 1963 T -559 * . - 417 - 132 - 302 + + 10 5 +1,394 -6,116 +7,c47 + 5C8 +2,833 +2.833 +2,546 (2,179) 6,2C0 ic4 471 "55,^23 + 24 -1,109 630 1 + 10 +2,636 (785) 31,^01 298 +2,184 835 40 8 9 + 209 173 - Q5 - 66 (1*39*0 (**) (**) (1,394) (2,179) 16,547 1,036 147 210 17,94^0 4,452 79 53,872 653 + + T~TF? - 15 2 -1,127 + 533 + 15 +2,545 ACCOUNTS + 29 Capital paid in ~ ~ 499 + 36 990 Surplus + 6 + 18 62 Other capital accounts +2,636 -1,109 (2,179) 55,423 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,179) Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 30.4$ -6$ - '2.1$ Contingent liability on acceptances purchased for foreign correspondents 92 -+ o * 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, JANUARY 22. 1.964 (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 D i s c o u n t s and Acceptances Holdings advances during week -245 432 Within 15 days 3l4 39 -327 16 days t o 90 days 34 5,801 57 91 days t o 1 y e a r --151 15,439 Over 1 y e a r t o 5 y e a r s -8,669 — 2,136 Over 5 y e a r s t o 10 y e a r s Over 10 y e a r s -219 32,696 -723 96 Total 355 ** Less than $500,000. H.4.1(V) STATEMENT OF COKDITIOH OF'EACH FSDEPJVL RESERVE BAKK OK- 3AMFARY 22, 19*64 New Phila- York delphia Total Boston 13,8c4 1,418 15,222 674 80 754 3,539 F. R* notes of other Banks Other cash 785 286 69 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 Cleve- Rich- Atlanta Chicago land mond (In millions of dollars) St. Louis San Minne- Kansas Dallas 1 Franapolis City cisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 929 754 111 86 3,874 750 79 829 1,126 125 1,251 "i,64o 15 165 57 65 15 53 18 57 16 73 33 3^8 18 124 6 8 20 69 27 --- 69 27 __ -- 3,256 7,c66 h,6k5 166 360 903 237 173 376 944 248 32,696 1, £60 17,729 335 815 1,769 4,44o 1,163 8,187 -_ 264 29 "293 542 511 1,76C 60 ' 637 55 597" 45 556 153 1,913 40 27 16 47 9 20 12 4l 10 95 45 6 31 7 7 14 19 88 -- __ -- --- --- -- -- -- 272 591 222 481 54l 1,175 2,948 145 363 2,287 316 772 95 284 712 186 420 911 389 138 300 752 197 131 1,207 129 28o 701 184 67 1,483 182 394 989 259 l,74l 2,735 2,226 1,324 5,436 1,294 670 1,387 1,313 4,217 -- -- -- -- -- -- -- __ «- -- JLI35___2i22§_. 1,824 5,436 1,294 670 1,387 1,313 4,217 1,3d 677 1,401 1,332 4,305 214 4 10 393 7 21 341 12 22 883 10 61 1,254 2,451 2,314 7,312 2,378 260 "85b~~,"S38~ 73 577 Total U. S. Government securities 32,696 _1,6_66_ Total loans and securities 33,140 1,684 8,407 1,747 2,743 2,246 1,830 5,467 7,594 579 3 23 1,519 8 119 446 3 25 558 6 4i 531 5 30 580 17 27 1,227 ic4 471 23 74 323 6 18 57,602 3,127 14,149 3,130 4,670 3,925 3,4cc 9,542 2,328 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 599 STHlHffiBHTK«P> eGlHDITIOK- OF EACH FEB1PAL .RESERVE BANK OK . J A N U A R Y , 2 2 r 1 9 6 4 „ H.4.1(c) Total \ Boston New York Phila- Cleveland delphia RichAtlanta Chicago mond St. Louis San Francisco Minne- Kansas Lallas apolis City (in millions of dollars) L I A B I L I T I E S 32,186' 1,894 Federal Reserve notes Deposits: 606 16,547: Member tank reserves 1,036 70 U . S . Treasurer-general siccount 1U7 6 Foreign 1 210 Other # Total deposits i 17>94O1 682 7,794 1,883 2,763 2,632 1,853 5,793 1,313 587 1,233 957 3,484 4,537 175 1/44 137 4,893 728 57 8 4 797 1,181 74 13 1 1,269 692 81 7 4 784 903 2,451 68 122 8 20 1 2 980 2,595 638 59 5 1 703 395 55 3 * 913 68 8 l 990 2,736 14? 453 767 60 6 3 836 1,030 360 492 425 476 920 255 176 311 276 4 20 79 56,051 \ 3,053 13,737 4 3,044 6 6 4 4,530 3,847 3,313 13 9,321 3 2,2f4 2 1,218 3 2,383 28 56 3 71 140 10 17 34 3 12 23 1 22 43 3 29 57 2 132 9 3,4oo 9,542 2,328 1,254 2,451 2,314 7,312 3 2 4 5 12 615 1,280 120 272 272 13 1,loo 1,385 1 Deferred availability cash items Other liabilities and accrtied dividends TOTAL LIABILITIES 5,846 | 1 473 19 56 2,958 652 3 11 2, 226 7,105 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES ANL CAPITAL ACCOUNTS 24 47 3 132 264 16 28 55 3 45 90 5 25 49 4 57,602 3,127 14,149 3,130 4,670 3,925 92 5 2/25 5 8 5 499 990i 62 ! ! :eptContingent liability on ac< ances purchased for fore:Lgn correspondents i 5 13 66 FEDERAL RESERVE AGENT'S ACCOUNTS F - R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F . R. n o t e s : Gold c e r t i f i c a t e a c c o u n t Eligible paper U- S . Government s e c u r i t i e s — Total c o l l a t e r a l . * * . - . • " — 2,013 - , - , - • ^ 1,959 2,978 2,751 1,700 500 605 6,700 425 4 1,600 2,550 2,180 1,700 5,177 8,4co 2,029 3,050 2,785 2,065 6,277 y After deducting $103 million participations of other Federal Reserve Banks. 2/ After deducting $ 67 million participations of other Federal Reserve Banks. 1,980 6,114- 8,276 365 1,100 1,387 250 •6 1,210 1,466 500 620 l,c43 3,707 180 150 900 3,200 l,c6o 3,95.0. Less than $5C0,0CC
@FedFRASER