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FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release January 30, 196^ The average of daily figures of total member bank reserves held during the week ended January 29 decreased a net of $307 million to $20,156 million. Estimated currency and coin of member banks increased $2 million and their reserve balances at the Federal Reserve Banks decreased $309 million. Estimated required reserves decreased $284 million; and estimated excess reserves decreased $23 million to $264 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $87 million compared with the revised figure of $123 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $601 million in Federal Reserve float and $205 million in U. S. Government securities bought outright. The principal offsetting changes were decreases of $326 million in currency in circulation and $175 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $8^3 million. As of Wednesday, January 29, holdings of U. 3. Government securities bought outright were $25 million higher than a week earlier and member bank borrowings were $15 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought outright--System account Held under repurchase agreement Acceptances— Bought outright field 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 d a i l y f i g u r e s Week ended Change frcm week ended Wednesday, J a n . 29, J a n . 30, J a n . 22, J a n . 29, 1964 196^ 1964 1963 ( I n nl i l l i o n s of cl o l l a r s ) 32,739 -~ -205 -- +2,764 - 148 32,721 -- 67 - 4 - 45 6 15 66 -~ 177 32 1,764 + 13 - 1 -601 ^43 l - 4 -849 + 78 + 30 + 149 +2,864 - 4l6 + 11 +2,458 301 32 1,347 34,467 15,513 5,582 55,562 -326 - 6 -175 - 7 - 8 - 18 -33Q +2,284 22 + 32 19 89 + 75 +2,2^2 36,310 427 847 130 197 956 38,867 -309 + 2 + + + + - 257 288 545 712 167 16,696 3,628 20,324 19,867 457 "W/J&0 15,512 5,582 55,873 36,364 4l0 869 l4l 2C8 i,o4i 39,034 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 16,840 3,316 20,156 19,892 264 -307 -284 - 23 On January 29, 1 9 ^ U. S Government securities held in custody by the lateral Reserve Banks for foreign ace ount were $<8,795 million, an increase of $152 mi]lion for the week and an incr ease of $1,688 million from the comparable date a year ago. H.^.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE. TWELVE FEDERAL RESERVE BANKS (In millions of dollars) ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government s e c u r i t i e s Total loans and s e c u r i t i e s Cash items in process of c o l l e c t i o n Bank premises Other a s s e t s TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U. S..Treasurer—general account Foreign Other Total deposits Deferred availability cash items OtherTOTAL liabilities and accrued dividends LIABILITIES Jan. 29, 196k * (832) (1,235) 13,819 1,5l2 15;231 310 333 Change since Jan. 22, Jan. 3C, lp65 19&: +15 - o + 9 + 25 -15 - 566 1—ill - 529 - 127 + iy3 66 --'' - 3 " ^-i + " 3,281 7,066 17,729 5,61+5 32,721 zi 32,721 33,120 + 25 -" _zz + 25 ZZ + 25 - 20 +1,226 -6,116 +7,057 i__g| +2 bbl > Z—§2§ iidtiZ +2,585 5,303 105 593 -#97 + 597 +122 + 7 "- }}1 (2,066) 552H ^ 2 +17651 (832) 31,1^2 -219 +2,082 16,696 847 130 197 17,870 3,956 8l 53,C89 +159 -189 - 17 zJ-2 - 70 -596 + 277 + 68 89 - 128 + i'28 (**) (**) (1,235) (2,066) -7^3 + ^28 + 11 +2,559" C A P I T A L A C C O U N T S ?o + Capital paid in "" 501 + 2 + 56 Surplus 990 + 8 Other capital accounts 8l +2 TW TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,C66) 5b,66l Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 30-5$ +.1$ - 2.1$ Contingent liability on acceptances purchased for foreign correspondents 92 — + 8 * 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 29, 1 9 ^ (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements-) U^_S_. ..Goyejrament securities. Disccunts and ~ """ Changes advances Acceptances goldings during week Within 15 days 331 ilj. 331 -101 +1 16 days to 90 days 2 52 5,9^ ^3 91 days to 1 year „ -15,1*22 - 17 Over 1 year to 5 years „ -8,669 Over 5 years to 10 years .... -2,136 Over 10 years „ -219 ZZ Total _ 333 gg 32,721 + 25 ** Less than $500,000. H.4.i(r) 'STATEMENT OF COttDITIGN OF- EAOlI FiiJIaSAL BSSii'-ViJ BANK ON JANUARY 29, 1964 New York Philadelphia San Francisco St. Louie Minne•apolis 2,381 260 2,64l 527 60 587 286 29 315 533 55 588 55C 44 594 1,862 152 2,014 83 32 74 42 28 18 51 10 21 13 47 9 88 48 14 22 60 2 4 37 4 12 276 594 1,489 390 2,74~9 _- 223 479 1,203 315 2,220 -- 181 391 981 257 1,810 -- 545 1,174 2,946 772 5,437 -- 130 279 701 184 1,294 -- 65 l4i 353 92 651 __ 137 294 739 193 1,363 -- 129 277 694 182 1,282 __ 421 907 2,277 597 4,202 _.. Cleve- R i c h - A t l a n t a Chicago land mend ( I n m i l l i o n s of d o l l a r s ) i Total Boston Gold c e r t i f i c a t e account 13,819 Redemption fund f o r F . R. n o t e s | 1^12 T o t a l gold c e r t i f i c a t e r e s e r v e s 15,231 666 80 746 3,638 334 3,972 762 78 84c 987 124 1,111 931 110 l,04l 696 86 782 74 18 181 65 70 17 61 21 54 17 D i s c o u n t s and advances 4 4 159 333 1 Acceptances: Bought o u t r i g h t 66 66 U. S. Goverrmient s e c u r i t i e s : Bought o u t r i g h t - Bills 174 3,281 833 167 Certificates 1,066 360 376 1,794 Notes 942 4 , 5 0 1 17,729 9©3 Bonds 247 1,179 237 4,6^5 Total |32,721 1 / 6 6 T ' "T,3'C7 ' 1,739 Held under r e p u r c h a s e agreement ---. _-. -- 11 Kansas D a l l a s City A S S E T S F . R. n o t e s of o t h e r Banks Other c a s h T o t a l U. S> Government j ! securities T o t a l l o a n s and s e c u r i t i e s Cash items i n p r o c e s s of collection Bank p r e m i s e s Other a s s e t s TOTAL ASSETS 832 310 32,721 1,667 8,307 1,739 2,749 2,220 1,810 5,437 1,294 651 1,363 1,282 4,202 33,120 1,671 8,532 1,743 2,76c 2,234 1,832 5,497 1,296 655 i,4co 1,286 4,214 6,537 ic4 593 512 3 30 1,249 8 152 355 3 32 531 6 52 483 5 36 512 17 33 1,028 23 9C 320 6 23 192 4 12 336 7 28 325 12 28 694 1C 77 56,727 3,054 14,159 3,c6o 4,542 3,870 3,291 9,395 2,278 1,239 2,393 2,301 7,145 I f H. 4.1(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 29, 1964 New York Philadelphia Capital paid in Surplus Other c a p i t a l a c c o u n t s TOTAL LIABILITIES ML CAPITAL ACCOUM'S Contingent l i a b i l i t y cn ace?eptances p u r c h a s e d f o r fore]Lgn c o r r e spondent s "San Francisco 1,222 956 3,463 915 63 7 1 986 2,726 95 18 46 2,885 155 768 59 6 2 835 264 267 577 3 2,223 2 1,203 4 2,325 3 2,212 10 6,935 72 140 13 17 12 23 1 22 ^3 3 29 57 3 67 132 11 3,291 9,395 2,278 1,239 2,393 2,301 7,145 5 13 3 2 4 5 12 St. Louis Minne- Kansas apolis City Boston 32,Cl4 1,883 7,753 1,873 2,745 2,627 1,838 5,767 1,303 584 16,696 847 130 197 17,870 5A90 6±2 68 6 1 687 405 4/f82 145 1/35 135 5,097 872 704 46 1,145 46 12 716 68 795 363 2,446 96 18 2 2,562 828 591 62 4 1 658 4c6 53 3 * 462 334 1,203 445 885 46 7 l 939 421 259 81 55,155 4 2,979 20 13,742 4 2,972 8 4,4oi 6 3,791 4 3,202 13 9,170 501 990 81 24 132 264 21 28 55 5 45 6° 25 49 5 28 56 5 1 3,054 1^,159 3,060 4,542 3,870 2/24 5 9 5 L I A B I L I T I E S F e d e r a l Reserve n o t e s Tepcsits: Member bank r e s e r v e s U.S* T r e a s u r e r - g e n e r a l acjcount Foreign Other Total deposits r e f e r r e d a v a i l a b i l i t y cash i t e m s Other l i a b i l i t i e s and a c c nled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Dallas C l e v e - R i c h - A t l a n t a Chicago mond land ( i n m i l l i o n s 3 of d o l l a r s ) Total 56,727 .92 1 5 I 761 9 I FEIERAL 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 account E l i g i b l e paper U. S- Government s e c u r i t i e s Total collateral '33,952 1,987 8,251 1,9^9 2,965 2,740 1,967 6,093 1,380 6l4 1,274 1,040 3,692 6,700 39 28,377 433 1,700 500 605 365 1,100 75c 2,550 2.160 1.70C 5.177 900 ^.2CC 35,116 2,013 8,400 2,027 3,050 2,765 2,065 6,277 272 36 1.1C0 i,4c8 180 6.700 250 1 1,210 1,461 120 1,580 425 2 1.6C0 1, C80 3,95^ 1/ After deducting $ 95 million participations cf other Federal Reserve Banks. 2/ After deducting $ 68 million participations of other Federal Reserve Banks. 500 620 * Less than $^00,000.
@FedFRASER