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FEDERAL RESERVE Factors Affecting lank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 9, 1 9 & The average of daily figures of total member bank reserves held during the week ended July 8 was unchanged at $20,845 million. Estimated currency and coin of member banks decreased $342 million and their reserve balances at the Federal Reserve Banks increased by the same amount. Estimated required Reserves increased $18 million: and estimated excess reserves decreased $18 million to $387 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $124 million, compared with the revised figure of $184 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $392 million in U. S. Government securities bought outright and $102 million held under repurchase agreement, $64 million in Federal Reserve float, $42 million in member bank borrowings, and $31 million in acceptances held under repurchase agreement, and a decrease of $31 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was an increase of $301 million in currency in circulation. Total Reserve Bank credit increased $628 million. As of Wednesday, July 8, holdings of U. S. Government securities bought outright were $219 million higher than a week earlier, U- S- Government securities held under repurchase agreement were $118 million higher, and member bank borrowings were $8 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreement AcceptancesBought 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) Averages of daily figures Week ended Change from week ended Wednesday, July 8, July 10, July 1, July 8, 1964 19^4 JSM. millions of dollars) 35,215 120 +2,907 - 224 35,217 243 7 58 48 56 ^7 61 + 31 263 + 42 60 4l6 1,882 37,588 15,^63 5,574 58,625 + 64 156 +2,844 - 228 14 +2,603 37,^83 15,463 5,559 58,505 37,916 4l6 842 134 222 +301 + 9 - 31 +2,017 + 25 - 180 46 26 + + l49 +1,991 38,113 4l6 785 125 213 1,264 4o,9l6 + + + + 17,589 3,370 20,959 20,465 404 40,785 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) +392 +102 17,84o 3,005 20,845 20,458 387 + +628 + 1 - 9 +620 - 6 + 27 - 20 +278 +342 -3^2 + 18 - 18 f- 612 i4o 752 828 76 On July 8, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,043 million, an increase of $31 million for the week and an increase of $107 million from the compai-aMs date a year ago. H.4.1(a) CONSOLIDATED STATKM£M? 0? CONDITION OF THE TWELVE FEDERAL HEgEKVE BANKS Vin mini oris or dollars July 8, 1964 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 (361) 4l6 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 C A P I T A L Capital paid in Surplus ACCOUNTS - - 18 + 18 -- 14 - 8 + + 376 158 218 206 285 + + 8 53 48 56 ~_ 5,594 +219 ---+219 +118 +337 + 2,359 -14,464 +15,106 + 163 + 3,164 + 5 + 3,169 5,509 103 397 (1,489) 57,298 +329 -468 -+ 18 -135 + 3,515 + 162 + 1 10 + 3,244 (361) 32,8l6 +323 + 2,013 17,589 785 125 213 18,712 (1;,128) 4,006 106 55,640 (1.,489) - 56 - 86 - 23 + 10 -155 -334 + 6 -160 + 1,347 - 405 59 12 + + ""895 24,912 4,711 35,217 243 35,460 35,980 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 13,729 1,456 15,185 124 Change since July i, July 10, 1964 1563 (1,128) + 188 + 29 + 3,125 + + 2 34 516 + 56 -990 Other capital accounts + 152 29 + 23 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,1*89) 57,298 ^L35 + 3.244 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shorn on the following pages--not consolidated) 29*35&, 2.2yo Contingent liability on acceptances purchased for foreign correspondents ihk - 2 + 6l * 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 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 Acceptances Holdings 64 +321 Within 15 days 411 1,275 16 days to 90 days 40 4,617 - 61 5 -12,802 91 days to 1 year ** + 77 — 14,691 .. Over 1 year to 5 years -1,836 Over 5 years to 10 year* -Over 10 years -• 239 35,460 104 +337 416 Total STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 8, 1964 H.4.1(b) New York Phila- Cleve- Rich- Atlanta Chicago mond delphia land (Tn^ll3Zons~6T~d6T .ars) Total Boston 13,729 _1A56 15,185 777 81 858 3,639 341 3, 727 80 807 1,155 126 1,281 868 124 992 687 86 773 2,097 262 2,359 F- R- notes of other Banks Other cash 361 124 12 9 136 4o 16 2 20 6 23 10 35 14 21 13 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 4l6 13 193 10 24 100 4,711 35,217 243 Total U. S. Government securities Total loans and securities St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash items in process of collection Bank premises Other assets TOTAL ASSETS 48 56 490 _ 59 - 5598 5 26o 27 287 547 56 603 544 46 590 1,938 168 2,10b 25 3 12 4 18 4 35 14 23 15 20 230 209 756 494 1,023 93 194 "698"" 17557 934 177 17320 3,368 637 "4776T 48 56 5,594 295 1,340 302 440 396 323 964 24,912 1,313 248 T785S 5,971 1,129 874"4~0 243 1,345 255 17902" 1,957 370 2/F67 1,762 _^ 333 2749I 1,438 272 27033" 4,293 8ll 617558 1,014 192 17434" 35,460 1,856 8,683 1,902 2,767 2jm. 2,033 6,068 1,434 3 1,447 1,320 4,761 35,980 1,869 8,980 1,912 2,769 2,498 2,057 6,168 1,436 705 1,470 1,335 4,781 6,637 103 397 463 3 20 1,166 8 99 3C8 6 15 217 4 9 372 6 17 341 12 17 673 10 53 58,787 3,234 14,409 397 3 21 3A58 566 6 33 4,681 479 5 25 4,032 536 18 23 3,456 1,119 22 65 9,767 228 2,327 111 1,250 2,484 2,317 7,672 H. 4.1(c) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general at: count Foreign Other Total deposits Deferred availability cash items Other liabilities and accnaed dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac ceptances purchased for fore ign correspondents STATEMENT OF -CONDITION OF EACH FEDERAL RESERVE.BANK OH JULY 8, 1964 Total Boston New York 33,177 1,963 7,933 17,589 785 125 213 18,712 722 55 6 Cleve- Rich- Atlanta Chicago land mond (In millions of dol.1.ars") St. Louis 1,926 2,803 1,338 4,779 221 1/37 "128 5,165 740 57 7 1 843 330 1,246 47 11 l 1,305 417 Philadelphia 2,732 1,912 5,976 783 959 2,595 4l 55 53 6 7 17 1 4 i__ 848 '1,020 2,65^ 881 362 423 Minneapolis 590 Kansas Dallas City San Francisco 1,002 3,713 89^ 50 6 4 954 3,030 65 16 69 3,180 1,289 404 4i 3 639 37 4 1 681 " 448~ 798 63 5 3 869' 247 171 249 262 545 4 2,222 13 7,^51 7 30 57 8 69 132 20 2,484 2,317 7,672 5,134 783 4o4 106 57,12y 6 3,156 30 13,971 5 3,066 8 ^,533 6 6 3,9^8 3,361 17 9,528 4 2,270 3 1,212 4 2,4ll 516 990 152 24 136 264 38 29 55 8 46 26 73 140 26 18 34 5 23 9 30 56 9 12 90 12 58,787 144 hi i. 3,234 14,409 7 2/38 805 3,158 ___4i68l___i>£32_ 8 13 7 23 3 J^.^1-„2J£L._2,327_._k- .5<L_ 2 8 21 5 3 7 8 19 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 2,033 8,376 1,962 2,985 2,8l4 1,996 6,197 1,394 613 1,33^ 1,070 3,875 1,650 500 565 3^0 1,100 735 2,285 1,700 5,177 505 272 23 1,100 180 2,550 260 2 1,210 112 6,850 405 10 1,600 1,000 3,400 8,500 2,015 3,050 2,850 2,o4o 6,277 1,472 617 1,395 1,180 4,135 1/ After deducting $ 88 million participations of other Federal Reserve Banks, 2/ After deducting $LC6 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER