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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 9, 1964 The average of daily figures of total member bank reserves held during the week ended January 6 decreased a net of $296 million to $21,137 million. Estimated currency and coin of member banks decreased $328 million and their reserve balances at the Federal Reserve Banks increased $32 million. Estimated required reserves increased $31 million; and estimated excess reserves decreased $327 million to $kk-9 million. Excess reserves exceeded member bank "borrowings at the Federal Reserve Banks by $85 million, compared with the revised figure of $218 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $75 million in U. S. Government securities held under repurchase agreement, and decreases of $4l6 million in currency in circulation and $72 million in "other" F.R. accounts (net). The principal offsetting changes were decreases of $291 million in Federal Reserve float and $19^ million in member bank borrowings, and an increase of $39 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $447 million. As of bought outright securities held bank borrowings Wednesday, January 5, holdings of U. S. Government securities were $241 million lower than a week earlier, U. S. Government under repurchase agreement were $l4l million higher, and member were $262 million higher. UNIVERSITY OF OREGON WHIV i o 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 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) .,. v * t JJBRARY Averages of d a i l y f i g u r e s Week ended Change from week ended Wednesday, J a n . 8, J a n . 9, J a n . 1, J a n . 8, 196k 1964 1964 1963 l i l l i o n s of c Lollars) (In n \ 33,531 167 71 80 - 32 + 75 +3,127 + I67 + - + + 4 8 -194 33,3^1 152 12 51 71 74 293 32 1,956 35,919 15,513 5,583 57,015 364 32 2,46l 36,706 15,513 5,582 57,801 -291 -447 __ + 2 -445 + 301 + 30 - 267 +3,420 - 465 + 10 +2,965 37,306 402 966 168 205 1,070 4o,il6 -4l6 + 12 + 39 - 17 - 22 - 72 -476 +2,284 21 + 255 58 - 101 + 79 +2,437 37,187 403 1,082 171 214 1,063 4o,120 17,685 3,452 21,137 20,688 449 + 32 -328 -296 + 31 -327 + + + + + 16,895 3,68o 20,575 20,500 75 _ „ 528 313 841 830 11 On January 8, ±96k, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,6*4-2 million, a decrease of $33 million for the week and an Increase of $1,665 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) Jan. 8, 1964 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Change since Dec. 31, Jan. 9, 1963 1963 - 10 + 6 + ^~5 r-ir^9 229 325 + 47 +262 + 94 250 71 74 + l - 18 + + 12 49 3,901 7,c66 17,729 4,645 33,341 152 33,493 -24l -241 +l4l -100 33,963 +145 +1,671 -6,116 +7,012 + 508 +3,075 + 152 +3,227 +3,538 6,227 io4 -208 + 4- 26 T~6 26 +3,267 (648) 31,956 -425 +2,174 16,895 1,082 171 214 18,362 -154 +202 + + + 372 269 70 78 493 Deferred availability cash items Other liabilities and accrued dividends 1/ TOTAL LIABILITIES (1,144) 4,271 84 (1,792) 54,673 +436 + + 500 17 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 497 990 22 (1,792) 56,182 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 * (648) 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 hank reserves U S. Treasurer--general account Foreign Other Total deposits (i,iM) 13,809 l, 424 15,233 k26 (1,792) 36,182 - 77 - 29 + 2 606 147 256 +37IH4+ + 27 56 + 22 +3,267 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) + .2<& 29-9# Contingent liability on acceptances purchased h for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures en cenbined basis on the following pages. MATURITY DISTRIBUTION OF LOANS M P SECURITIES, JANUARY 8/ 1964 (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 during week advances Holdings Acceptances Within 15 days 824 291 +331 87 16 days to 90 days -288 6,034 3h 58 91 days to 1 year «-15,611 -143 Over 1 year to 5 years „ -* __ S,669 Over 5 years to 10 years 'S -— 2,136 Over 10 years ---219 Total -100 145 33,493 325 1/ No accrued dividends at end of December. H.4.1(b) STATEMENT OF CONDITION" OF EACH FEDERAL RESERVE BANK ON'JANUARY 8, 1964 New Total Boston York Philadelphia Cleve - RichAtlanta Chicago land mond (In millions of dollars) St. San MinneLouis apolis Kansas City Dallas Francisco 300 29 329 6l4 54 668 622 45 667 1,689 1,843 42 8 17 9 32 9 74 36 12 12 31 -- __ -- 5C6 918 A S S E T S Gold certificate account 13,809 Redemption fund for F. R. notes i 1,424 Total gold certificate reserves 15,233 786 81 867 3,334 53 2,470 1,082 74l 87 828 2,731 558 60 618 43 13 52 12 57 28 61 31 25 14 8 11 10 52 8 -- -- __ _- -- 328 594 267 484 223 4c4 644 1,492 1,214 1,013 1,166 2,925 391 318 266 766 156 282 708 186 1,809 2,805 2,283 1,906 5,5Cl 1,028 3,667 701 79 780 125 1,153 13 135 45 57 11 4 333 966 116 F. R. notes of other Banks Other cash 648 £29 | 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 325 4 168 71 74 -- 71 74 3,901 185 7,c66 1 336 843 17,729 221 4,645 "33,341 1,585 _.152 1,8C0 4,517 1,183 8,494 Total U. S« Government securities 33,493 1,585 8,646 1,809 2,805 2,283 1,906 Total loans and securities 33,963 1,589 8,959 1,813 2,813 2,294 7,371 558 3 20 1,^65 1C4 426 8 110 421 3 23 492 6 38 57,974 3,103 14,389 3,108 4,558 Cash items in process of collection Bank preaises Other assets TOTAL ASSETS 994 212 383 962 252 261 C 154 158 286 718 188 150 272 683 179 2,302 1,332 78 141 352 92 663 1,35C 1,284 4,329 5,501 1,332 663 1,350 1,284 4,329 _ 1,916 5,553 l,34o 668 1,362 1,296 4,360 523 5 26 537 17 24 1,186 23 66 329 6 17 219 4 9 409 7 18 373 12 19 859 1C 3,994 3,407 9,651 2,349 1,279 2,490 2,4c8 7,238 603 152 *° H. 4. 1(c) STATEMENT' OF'CCOTUTIOr OF^EACH FEEERAL RESERVE BANK--ON JANUARY 8, 1964 Total Boston 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 New York Philadelphia Cleveland Richmond St. Louis Atlanta Chicago Minne- Kansas apolis City Dallas San Francisco (in millions of dollars) 32,604 1,913 7,873 1,900 2,790 2,679 1,898 5,857 1,331 588 1,249 972 3,55* 601 79 8 4,732 274 1,158 4l 15 760 66 7 920 59 9 2,548 149 23 648 52 5 426 46 4 805 67 7 961 * 710 62 9 i ? 990 p 2,722 706 476 881 1,039 2,626 119 21 50 2,816 16,895 1,082 171 Pi 4 18,362 688 -147 5,207 5,415 426 84 56,465 497 990 22 # 68 9 782 1,215 7 840 881 337 4io 395 429 846 257 178 291 308 657 4 3,031 26 13,987 5 3,024 6 4,421 5 3,919 5 3,322 12 9,437 3 2,297 2 1,244 3 2,424 3 2,322 7,037 24 47 1 132 264 6 28 55 1 45 90 2 25 49 1 28 56 1 70 140 4 17 34 l 12 23 * 22 43 1 28 57 1 66 132 3 57,974 3,103 14,389 3,108 4,558 3,994 3,407 9,651 2,349 1,279 2,490 2,408 7,238 4 2/24 ... 5 8 4 3 12 2 4 5 12 10 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orre spondent s 88 .._ J. 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 1,998 8,292 1,972 2,986 2,778 2,005 6,145 1,399 616 1,292 6,740 483 20 28,394 Ja530 1,700 500 585 365 1,100 2,550 2,227 1,700 5,177 250 7 1,210 120 6,700 425 2 1,600 500 272 11 1,100 2,013 8,400 2,027 3,050 2,812 2,065 6,277 1,467 620 1,383 3^,275 35,154 1/ After deducting $117 million participations of other Federal Reserve Banks. 2/ After deducting $ 6k million participations of other Federal Reserve Banks. 1,051 3,741 190 750 900 3,2C0 1,090 * Less than $500,000. 3,950
@FedFRASER