The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL
RESERVE
Factors Afftct'mi lank I t s t r v t s u d
Condition S t o t t n t i t i f F . I . I i i k s
For immediate release
July 2, 196k
The average of daily figures of total member "bank reserves held during
the week ended July 1 increased a net of $6k million to $20,79^ million. Estimated currency and coin of member banks decreased §k million and their reserve
balances at the Federal Reserve Banks increased $68 million. Estimated required
reserves increased $77 million; and estimated excess reserves decreased $13 million to $3^5 million. Excess reserves exceeded member bank borrowings at the
Federal Reserve Banks by $12^ million, compared with the revised figure of
$126 million the week before.
The principal changes supplying average reserve balances with Federal
Reserve Banks were an increase of fyklk million in holdings of U. S. Government
securities and a decrease of $32 million in Treasury deposits with Federal Reserve
Banks. The principal offsetting changes were a decrease of $318 million in Federal
Reserve float and an increase of $4l million in currency in circulation. Total
Reserve Bank credit increased $85 million*
As of Wednesday, July 1, holdings of U- S Government securities bought
outright were $^67 million higher than a week earlier, U. S. Government securities
held under repurchase agreement were $125 million higher, and member bank borrowings were $331 million higher.
Member bank reserves,
Reserve Bank credit,
_ an(3- related items
Reserve Bank credit:
U. 80 Government securitiesBought outright—System account
Held under repurchase agreement
Acceptances—
Bought outright
Held under repurchase agreement
Discounts and advancesMember 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 P. 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)
Average 5s of d a i l y f i g u r e s
Week ended Change from week ended Wednesday,
J u l y 1,
June 2k, j J u l y 3 ,
J u l y 1,
1Q64
196k __L_1L£ 3
1264
1
m
i
l
l
i
o
n
s
of
d
o
l
l
a
r
s
)
Jtt
34,823
+396
18
+ 18
+2 ,7^5
- 153
h9
30
«. __
1
+
+
221
1,818
3"6,9:So
15,462
5,583
58,005
37,615
407
873
l4o
195
1,276
40,507
17,498
3,296
20/794
20,449
345
25
48
56
1C8
424
+ 167
+2
- 271
4
+2 M3
1,637
37,288
15,^63
5,583
58,334
+2 ,034
+
24
+
10
33
40
+ 175
~2~,171
37,799
417
871
148
203
1,251
4o,"689
241
17,645
3,476
- 1 1
-318
+ 85
+
+
1
1
+ 87
+ 4l
+ 12
- 32
+
2
- 8
+ 3
+ 19
+ 68
- 4
T"6"4
+ 77
- 13
3^,998
125
10
M
+
+
+
+
-
311
552
639
87
21,121
20,632
489
On July 1, 1964, U. S. Government securities held in custody by the
Federal Reserve Banks for foreign account were $8,012 million, a decrease of
$160 million for the week and an increase of >37 million from the comparable
date a year ago
H.4.1(a)
CONSOLIDATED STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS
(in millions of dollars)
ASSETS
Gold certificate account
Redemption fund for F. R. notes
Total gold certificate reserves
Cash
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreement
U. S. Government securities:
Bought outright-Bills
Certificates
Notes
Bonds
Total bought outright
Held under repurchase agreement
Total U* S. Government securities
July 1,
1964
(^12)
Change since
June 247
July 3,
1964
1963
13,7^7
1A38
15,185
- 10
+ 6
. k
+
-
412
140
272
138
- 3
+331
_
•
200
l4i
--
+
+
8
52
k2k
k&
56
5,375
--
2^912
4,711
34,998
125
35,123
35,651
Total loans and securities
Cash items in process of collection
Bank premises
Other assets
TOTAL ASSETS
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member bank reserves
U. S. Treasurer--general account
Foreign
Other
Total deposits
(1,347)
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
(1,347) 4,340
100
(1,759) 55,800"
5,977
103
379
+
3
+467
--__
+467
+125
+592
+926
-264
-
+ 1,820
-14,464
+15,131
+ 222
+ 2,709
269
+ .2,440
+ 2,359
+
+
(1,759) 57763
+ 39
+6§4
369
1
20
+ 2,237
(412) 32,493
+221
+ 1,763
17,645
871
148
203
18,867
+628
. 96
+ 9
+ 6
+547
- 80
- 16
+672
+
--
-
+
+
107
13
19
11
86
+ 254
+
23
+ 2,126
C A P I T A L
A C C O U N T S
Capital paid in
+
514
+ 2
33
—
Surplus
+
990
56
+ 20
Other capital accounts
+
22
129
+694
+ 2,237
TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,759) 57,433
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined (ccmput ed from figures as shown on the following pages—not consolidated)
29.3$
-.5$
- 1*8$
Contingent liability on acceptances purchased
for foreign correspondents
lh6
- 2
+ 6 2
* 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 1, 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
Changes
Di;scounts and
during wee}
Acceptances
Holdings
Jadvances
Within 15 days
+258
418
954
65
16 days to 90 days
6
4,678
+215
39
**
91 days to 1 year
+119
12,725
«.
-Over 1 year to 5 year;
14,691
--Over 5 years to 10 years
1,836
--~
Over 10 years
239
H.4.1("b)
-STKraMEHTOT^eOflK^
Total
Boston
1, 1964
NewYork
Philadelphia
Cleveland
RichAtlanta Chicago
mond
(In millions of dollars)
St.
Louis
Minne- Kansas
Dallas
City
apolis
San
Francisco
A S S E T S
791
86
2,337
556
59
247
27
567
56
467
45
1,A'5
257
1,179
1,063
877
2,594
615
274
623
512
2,073
24
27
23
42
24
13
27
11
22
4
8
11
15
14
6
4
4
6
36
17
17
42
19
150
19
8
42
32
71
--
--
--
--
--
--
--
-"
--
_..
1,368
286
44l
361
281
910
205
110
214
213
705
--.
-~
--
--
__
--
--
--
--
--
--
6,341
1,199
8,908
1,325
2,o46
508
993
988
3,266
387
2,874
188
187
1,395 ~ 1,388
618
l,86l
1,301
4,217
246
798
1,828 ~ 5,925
951
250
1,676
317
2,354
4,589
125
--
--
--
--
--
--
-.-
--
33,7Vf
1,438
15A85
bio
3,510
82
341
727
79
718
3,851
1*12
138
18
9
424
Discounts and advances
9
Acceptances:
-Bought outright
48
Held under repurchase agreement
56
U. S. Government securities:
Bought outrightBills
261
5,375
--Certificates
Notes
24,912 1,300
246
Bonds
^,711
Total
34,998 1 1,827
-Held under repurchase agreement „_12JL
Gold certificate account
Redemption fund for F. R. notes
Total gold certificate reserves
F. R. notes of other Banks
Other cash
124
949
114
806
145
40
14
T
48
56
1,055
180
1,336
95
713
--
--
168
Total U. S. Government securities
35,123
1,827
9,033
1,861
2,874
2,354
1,828
5,925
1,336
713 _i*325_ 1,388
4,589
Total loans and securities
;35,651
1,836
9,151
1,862
2,891
2,396
1,847
6,075
1,355
721
1,437
1,420
4,660
1,518
8
96
444
3
20
517
6
33
519
5
24
597
18
21
1,170
22
60
320
6
15
211
4
8
4o4
6
17
353
12
17
681
10
379
590
3
19
59,192
3,193
14,809
3,163
4,661
4,o4l
3,417
9,959
2,330
1,249
2,502
2,342
7,526
Cash items in process of
collection
Bank premises
Other assets
TOTAL ASSETS
1
7,324
103
!
49
H.4.1(c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 1, 1964
Total
Boston
New
York
Philadelphia
Richmond
Atlanta Chicago
St.
Louis
Minne- Kansas
Dallas
apolis
City
San
Francisco
(In millions of dollars)
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member bank reserves
U.S. Treasurer-general a<:count
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities and accrued
dividends
TOTAL LIABILITIES
Cleveland
:
32,905
1,939
7,906
1,913
2,779
2,706
1,896
5,921
1,329
587
1,276
993
3,660
17,645
871
148
203
18,867
5,687
629
35
6
#
5,084
266
1/53
122
5,525
744
34
7
1
1,208
51
12
1
1,272
750
65
7
3
908
34
7
l
625
55
4
4oo
*
4i
3
l
807
56
6
4
931
23
8
1
825
421
950
473
2,673
136
18
3
2,830
684
257
445
177
873
277
963
288
2,866
75
17
66
3,044
670
502
920
786
368
457
957
590
26
5
8
6
5
16
4
3
4
4
14
57,559
3,U6
14,377
3,072
4,516
3,958
3,324
9,724
2,274
1,212
2,430
2,248
7,308
5l4
990
24
47
136
264
29
55
46
90
25
49
29
56
73
l4o
18
34
12
23
23
43
30
57
69
132
129
6
32
7
9
9
8
22
4
2
6
7
17
3,l63_ 4,661
4,o4i
3.417
2,330
1,249
2,502
2,342
7,526
7
8
5
3
7
8
20
100
5
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Contingent liability on ac<:eptances purchased for fore:Lgn
c orre spondent s
59.192 ... 3i.i9,3.....14,809
146
7
2/39
6
13
-2;95?__
21
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
2,004
8,370
1,966
2,969
2,778
1,981
6,i4i
1,390
607
1,314
1,051
3,841
6,542
423
62
28,847 1,610
, 35,451 2,033
1,650
405
1
1,600
2,006
500
565
340
1,100
112
735
2,245
2,810
1,700
2,o4o
5,177
6,277
272
42
1,100
l,4i4
180
2,550
3,050
26c
19
1,210
1,489
9CC
1,080
3,400
4,135
34,412
6,850
8,500
1/ After deducting $ 95 million participations of other Federal Reserve Banks,
2/ After deducting $107 million participations of other Federal Reserve Banks.
505
617
* Less than $500,000.
@FedFRASER