The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Bonks For immediate release June 18, 1964 The average of daily figures of total member "bank reserves held during the week ended June 17 increased $402 million to $20,587 million. Estimated currency and coin of member banks increased $203 million and their reserve balances at the Federal Reserve Banks increased $199 million. Estimated required reserves increased $270 million; and estimated excess reserves increased $132 million to $46l million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $134 million, compared with the revised figure of §k0 million the week before• The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $352 million in Federal Reserve float and $38 million in member bank borrowings, and a decrease of $68 million in "other" F* R. accounts (net). The principal offsetting changes were decreases of $92 million in U. S. Government securities bought outright and $7^ million held under repurchase agreement, and an increase of $126 million in currency in circulation. Total Reserve Bank credit increased $2l4 million. As of bought outright securities held bank borrowings Wednesday, June 17, holdings of U. S. Government securities were $101 million lower than a week earlier, U. 3. Government under repurchase agreement were $6l million higher, and member were $120 million lower. Averages of daily figures Member bank reserves, Reserve Bank credit, and related^ items _ Reserve Bank credit: U. S. 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 F.R. Banks Other P. Re accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Week ended Change from week ended Wednesday, June 17, June 17, June 10, June 19, 1964 1964 196k 1963 millions of dollars) "Tin 34,438 179 34,438 153 • 92 - Jk +3,194 + 80 k-9 20 + 1 - 12 + + 6 19 48 22 327 1 1,823 36,811 15,46l 5,582 57,854 + + 43 l 214 -- z—3° _Jk254 4o,477 + 38 + 1 ±352 +214 - 1 - 8 +205 +126 - 21 - 25 - 4 - 3 - 68 + 6 17,378 3,209 20,56? 20,126 46l +199 +203 +402 +270 +132 37,613 415 880 131 196 _lj2k0 +3,313 337 - • • 36,855 15,463 5,585 57,903 +2,977 +2,282 + 11 + 99 71 41 + 129 +2,413 37,647 4o4 790 154 I87 1,230 4o,~4l2 + 565 + 226 + 791 + 828 37 17,491 3,475 20,966 20,458 508 On June 17, 196k, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,037 million, an increase of $1GC million for the week and a decrease of $17 million from the comparable date a year ago. H .4.1(a) CONSOLIDATED STATEMENT OF,CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) June 17, 1964 ASSETS Gold certificate account Redemption fund for p. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances,: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement (1*04) Change since June 10, June 19, 1964 1963 13,766 + 12 1,431 + 9 15,197 + 2 1 1 4 3 + 3 2l4 - 120 + • 46l j-44 317 205 540 48 22 -9 + 8 17 4,815 — 24,912 4,711 34,438 179 - 101 ~ -zz - 101 + "1 + 2,009 ~l4,443 +15,213 + 31g + 3,098 "7 Total U. S. Government securities 34,617 40 + 3,031 Total loans and securities 34,901 - 169 + 2,5l6 Cash items in process of collection (1,637) 7*216 +1,985 + 307 Bank premises 103 ~" + 1 Other assets 369 + 7 + 24 TOTAL ASSETS (2,04l) 57,929 +1,847 +2,326 L I A B I L I T I E S Federal Reserve notes (404) 32,343 35 + 2,113 Deposits: Member hank raserveo 17,491 + 571 + 194 U. S. Treasurer--general account 790 - 55 63 Foreign 154 r 12 13 Other (101) 213 + 23 29 Total deposits (101) 18,648 + 551 + 69 Deferred a v a i l a b i l i t y cash items (1,536) 5,236 +1,335 + 11 Other l i a b i l i t i e s and accrued dividends 113 §. t 2£ TOTAL LIABILITIES (2,04l) 56,340 +1,915 + 2,225 CAPITAL ACCOUNTS Capital paid i n 512 „ + 31 Surplus 990 -+ 56 Other capital accounts §7 - 68 + l4 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,04l) 57,929 +1,847 + 2,326 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 29.5$ «4# 2.1/> Contingent liability on acceptances purchased for foreign correspondents l47 1 + 6 4 * 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, JUNE 17, 196~¥ (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 Eascounts and during week Holdings Acceptances advances +2C4~ 210 820 Within 15 days 36 -199 16 days to 90 days 4,477 34 k ** - 45 — 12,554 91 days to 1 year +307 ~~ -Over 1 year to 5 years 14,691 -307 -1,836 — Over 5 years to 10 years Over 10 years Total ** Less than $500,000. -» 214" _-. 239 70 34,617 To STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 17, I904 H.4.1(b) Total Boston New York Philadelphia Cleve- Rich- Atlanta Chicago mond land ' (15-millions of dollars) I St. Louis San Fran.... cisco Minne- Kansas Dallas apolis I City A S S E T S 13,766 1,431 15,197 696 80 776 3,375 339 F. R. notes of other Banks Other cash 4o4 143 19 12 158 39 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 214 20 45 Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves 1 48 | 22 1 4,815! 3,W 675 80 755 1,063 125 1,188 912 117 1,029 749 87 836 2,550 253 2,803 536 58 594 252 27 279 585 56 641 544 45 589 1,829 164 1,993 25 6 24 7 23 11 36 16 24 16 11 5 20 4 10 4 21 4 33 19 11 6 33 56 5 12 8 6 11 4oo 328 269 806 188 100 194 188 650 1,006 519 190 98 717 " 1,390 975 184 1,347 3,363 636 "4,649 1 48 22 250 1,180 262 1,694 2,067 1,353 1,393 256 321 391 263 • 1,371~"2;B5F- "2,343- " 1,92"5 4,168 975 788 -I73T?" 184 "5,762 "" ! 24,912 ! 1,293 245 4,711 |34,418" r 1,788" ! 179 6,106 1,155 Total U. S. Government securities 34,617 ! 1,788 8,620 1,871 2,858 2,343 1,925 5,762 1,347 717 1,390 1,347 4,649 Total loans and securities 34,901 j 1,808 8,735 1,872 2,869 2,349 1,958 5,818 1,352 729 1,398 1,353 4,66o 1,889 8 93 547 3 20 666 6 33 631 5 22 670 18 21 1,555 22 377 6 14 268 4 8 456 6 16 378 12 809 10 49 3,224 14,636 3,228 4,813 4,070 3,555 2,359 1,312 Cash items in process of collection Bank premises Other assets TOTAL ASSETS ' 8,853 103 369 59,970 587 3 19 179 5£_ 10,294 18 7,573 2,531 2,375 H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 17, 1964 Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general ac: count Foreign Other Total deposits Deferred availability cash items Other liabilities arid accnled dividends TOTAL LIABILITIES Boston New York Rich- Atlanta Chicago mond (In millions of dollars) Philadelphia Cleveland St. Louis Minneapolis Kansas Dallas City San Francisco 32,747' 1,925 7,868 1,908 2,776 2,678 1,884 5,892 1,326 590 1,273 986 3,641 17,491 790 154 314 IH7749 659 53 7 l 720 4,805 150 1/40 190 5,185 731 34 9 9 783 1,217 74 14 6 766 51 8 953 67 9 2,724 107 22 410 52 3 7 1,036 468 920 55 9 2 986 2,880 36 21 65 3,002 1,132 444 14 2,867 1,289 813 60 7 4 884 498 l,3H 576 10 835 470 613 51 5 3 672 303 215 299 306 703 6 30 113 58,381 ! 3,1^9 14,215 5 3,1^0 8 4,671 7 3,990 4 2,305 2 1,275 5 2,461 5 2,283 16 7,362 4 136 264 21 28 55 5 46 90 6 25 49 6 73 l4o 15 18 34 2 12 23 2 23 43 4 30 57 5 132 11 224 14,636 3,228 4,813, 4,070 3,555 10,294 2,359 1,312 2,531 2,375 7,573 14 7 8 20 6,772 I 537 18 7 3,464 10,066 -*> CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 24 512 990 I 87 59,970 47 Q 2/39 29 56 6 8 21 3 68 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Goveriiinent securities Total collateral 1,966 2,954 2; 760 1,972 6,109 1,198" 611 l,312 1,058 3,839 1,650 405 1 500 -- 565 340 1,100 260 5 112 180 735 6,850 i,6co 2,550 2,23c 1,700 5,177 1,210 505 272 8 1,100 900 3,4co 8,50c 2,006 3,050 2,795 2,040 6,277 1,475 617 1,380 1,060 4,135 8,329" After deducting $114 miilior participations of other Federal Reserve Brings. 2/ After deducting £l08 million participations of other Federal Reserve Eanks. * Less than $500,000.
@FedFRASER