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FEDERAL RESERVE Factors Affecting lank Rtstrvts aid Condition Statement of F.I. tanks For immediate release July 16, 1964 The average of daily figures of total member bank reserves held during the week ended July 15 increased a net of $173 million to $20,982 million. Estimated currency and coin of member banks increased $310 million and their reserve balances at the Federal Reserve Banks decreased $137 million. Estimated required reserves decreased $90 million; and estimated excess reserves increased $263 million to $557 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $97 million, compared with the revised figure of $31 million the week before. The principal changes reducing average reserve balances vith Federal Reserve Banks were decreases of $185 million in U. S. Government securities bought outright, $95 million in Federal Reserve float, and $22 million in acceptances held under repurchase agreements, and increases of $183 million in currency in circulation and $^3 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $197 million in member bank borrowings and $15^ million in U. S. Government securities held under repurchase agreements, and a decrease of $33 million in "other" P. R. accounts (net). Total Reserve Bank credit increased $48 million. As of Wednesday, July 15, holdings of U. S. Government securities bought outright were $307 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $53 million higher, and member bank borrowings were $290 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreements AcceptancesBought outrigjit Held under repurchase agreements 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: "/11th 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, July 15, July 8, July 17, July 15, 1964 1964 196i Jin millions of dollars)" 35,030 274 171 34,910 296 + + 6 33 44 17 126 - 12 + '36 60 1 142 +3,217 - 206 20 +2,991 +183 + 9 + 43 - 11 - 18 - 33 +173 +2,249 + 29 37 57 + 5 + 167 +2,355 40,967 -137 +310 +173 - 90 +263 + + + + - 17,350 3,644 20/995 20,431 563 k6 ~ 39 - 22 k6o +197 1,787 37,636 15,463 5,562 58,661 - 95 38,099 425 885 123 204 1,223 40,958 17,703 3,279 20,982 20,425 557 +3,091 + -185 +154 1 + k8 636 174 810 848 38 1,897 37,290 15,463 58,317 38,087 437 923 127 216 On July 15, 1964, u. S. Government securities held in custody "by the Federal Reserve Banks for foreign account were $8,105 million, an increase of $-2 mi: lion for the veek and an increase of $72 million from the romparable date a year ago. H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change sicice July 8, July 17, July 15. 1964 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreements Total U. S. Government securities 13,724 1,457 15,181 (398) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1963 + - 5 1 k -* 290 - 317 + lk9 - ~I6B - 214 • 156 - h W + + 5,287 307 + 2,353 -- ---- +15,106 124 126 44 17 24,912 4,711 34,910 - 307 296 4- .^ 53 35,206 -_ 254 - 587 4 14 -11*,1M54 +_ 163 + 3,158 -*• 296 + "37414" 58,083 +1,365 — + 11 + "785 + 3,316 + 423 + 1 + 11 + 3,369 (398) 32,802 14 + 2,113 17,350 - 239 + 138 -f 2 + 3 - 96 + + + + 649 39 53 5 + 971 7 -f 491 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1964 35,393 (1,536) 6,874 103 4o8 (1,93*0 923 127 216 (l) (l) 18,616 (1,535) 4,977 99 (1,93*0 56,494 •f C A P I T A L A C C O U N T S Capital paid in 516 Surplus 990 Other capital accounts 83 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,93^) 58,083 "B5I+ — -- 69 + 785 64o + 27 -<- 3,271 + 34 + 56 + 8 + 3,369 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 29•3$ --2.0$ Contingent liability on acceptances purchased for foreign correspondents 1^3 1 + 59 * 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, JULY 15, 196^ (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances Within 15 days 123 123 16 days to 90 days 3 3 91 days to 1 year ** ** Over 1 year to 5 years trs Over 5 years to 10 years Over 10 years -Total 125 126" Acceptances 25 36 36 -.- -. --51 61 U. S. Government securities Changes during week Holdings 1,166 4,524 ^524 12,750 14,691 1,836 -109 - 93 - 52 239 35,206 -25** STATEMENT OF CONDITION OF EACH FEDEEAL RESERVE BANK ON JULY- 1J, 1964 H.4.1(b) Total A S S E T S Boston NewYork Philadelphia Cm | 671 1^57 J 84 15,181 l 755 3,698 34o 4,038 F. R. notes of other Banks Other cash 398 ! 17 9 146 39 Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total Held under repurchase agreements 126 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleveland 124 648 94l 81 126 729 "1,067 20 3 290 Atlanta Chicago Minne- Kansas St. Dallas Louis .. apolis City 13 an Francisco millions of dollars) 845 123 968 862 2,301 86 262 958 " 2,563 ' 567 60 627 257 26 283 " 622 55 677 54o 46 1,772 168 ' 1,940 5&B~ 29 10 36 14 28 13 10 5 25 4 11 4 18 3 4o 3 23 66 4 A 6 12 n — — -- 448 368 273 884 203 105 213 204 728 4,168 788 5,84o 960 182 1,345 497 696 1,000 189 1,402 961 182 1,347 3,433 649 4,810 _5,84o_ 1,345 696 1,402 1,347 4,810 18 6 44 17 44 17 Richmond 14 -- 5,287 283 1,288 24,912 4,711 34,910 296 1,335 253 1,871 6,066 1,147 8,501 296 1,368 2,107 398 25£_ 2,953 1,917 1,730 327 2,425 1,287 243 1,803 Total U- S. Government securities '35,206 1,871 8,797 1,917 2,953 2,425 1,803 Total loans and securities 35,393 1,872 8,859 1,917 2,954 2,428 1,826 5,906 1,349 704 1,408 1,359 4,811 8,410 103 408 573 3 21 1,715 8 102 476 638 6 36 645 5 25 672 18 22 1,381 22 65 383 6 15 256 4 8 471 6 18 395 12 805 10 4,725 4,iio Cash items in process of collection Bank premises Other assets TOTAL ASSETS 60,017 3,250 14,907 3 22 3,170 56 18 3,536 9,978 2,395 1,284 7,676 2,595 2,391 *Less than $500,000. H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 15, 1964 ! Total Boston New York LIABILITIES Federal Reserve notes Deposits: Member hank reserves U.S. Treasurer-general account Foreign Other Total deposits referred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral Phila- Cleve- Rich- j St. Atlanta Chicago delphia land mend Louis (In millions» of dollars) San Francisco 33,200 1,963 7,923 1,930 2,812 2,728 1,910 5,996 1,340 590 1,291 1,006 3,711 17,350 923 127 217 18,617 6,512 649 38 6 5,005 274 1/38 151 5,468 719 23 7 1 750 1,135 57 11 * 1,203 635 54 4 385 59 3 * * 397 559 928 63 7 1 999 531 2,536 47 17 2 2,602 1,070 721 67 6 5 799 498 1,136 693 304 447 208 824 86 5 2 917 313 896 61 7 3 967 322 2,917 94 16 52 3,079 661 6 25 14,486 3,175 5 3,082 8 4,582 6 4,031 5 3,445 17 9,751 4 2,341 2 1,247 4 2,525 4 2,299 13 7,464 136 264 21 29 26 49 4 30 56 5 73 l4o 14 18 3^ 2 30 57 5 3,250 14,907 3,170 4,725 4,110 3,536 9,978 2,395 .12 23 2 1,284 23 "I 46 90 7 2,595 2,391 69 132 11 7,676 2/38 8 5 3 7 8 19 8,365 1,984 2,986 2,824 2,001 6,222 17522" TI4~ 1,334 1,077 3,907 1,670 425 500 565 34o 1,100 112 735 1,700 2,125 2,550 3,050 2,285 2,850 1,700 2,040 5,4oo 6,500 277 6 1,100 1,383 180 6,850 8,520 260 4 1,210 1,474 1,000 1,180 3,^00 4,135 99 "58,428 ! : i 516 990 83 160,017 143 35,947 * 693 513 24 7 2,073 20 8 7 13 FEDERAL BES35VE AGENT'S ACCOUNTS 1/ After deducting $ 89 million participations of other Federal Reserve Banks, 2/ After deducting $105 million participations of other Federal Reserve Banks. Minne- Kansas apolis City Dallas 505 617 * Less than $500,000.
@FedFRASER