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FEDERAL E.k.'V" RESERVE Factors Aff•ctin§ l i n k RtstrvtS **4 C%ni\ti%* StittM«nt «f F . I . I i a k s For immediate release June 25, 1964 The average of daily figures of total member tank reserves held during the week ended June 24 increased $66 million to $20,680 million. Estimated currency and coin of.member banks increased $l4 million and their reserve balances at the Federal Reserve Banks increased $52 million. Estimated required reserves increased $170 million.; and estimated excess reserves decreased $104 million to $349 million- Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $117 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 $313 million in Federal Reserve float and a decrease of $39 million in currency in circulation. The principal offsetting changes were decreases of $153 million in U. S. Government securities held under repurchase agreement and $95 million in member bank borrowings, and an increase of $33 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $64 million. As of Wednesday, June 24, holdings of U. S. Government securities bought mtright were $93 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $179 million lower, and member bank borrowings were $121 million lower. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Wednesday, June 17, June 26, June 2k, June 24, 1964 1964 1964 19631 (in millions of dollars} 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) 34,427 49 31 232 + 11 - 95 - l +313 +2,997 - 153 34,531 8 29 48 53 + + 93 ~6l +_282 +3/161 - 318 57,918 + 64 +27§41 37,574 395 905 138 203 -1,2J3 39 20 25 7 7 33 + 11 W+8B Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) • 11 •153 17^30 3,250 20,680 20,331 349 37,588 402 967 139 197 1,284 "4~6~,577 + 52 + 14 + TT6 + "628 + 658 30 +170 -104 1,821 3675T6 15,463 5,586 57,595 429 17,017 3,622 20,639 20,337 302 On June 24, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,172 million, an increase of $135 million for the week and an increase of $115 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE T'.ELVE FEDERAL RESERVE BANKS (In millions of dollars) June 24, Charge since June 17, June 26, , Gold certificate account Redemption fund for F- R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bends Total bought outright Held under repurchase agreement Total U- S. Government securities (452) - + - 395 142 253 - 2 121 • 215 519 + 10 141 93 -- f __ 24,912 + -- (1,259) 31 53 93 + 2,038 -14,443 +15,189 + 299 + 3,C83 149 + 2,934; __ — -- 4,711 34,531 34,531 - 34,725 - 93 179 176 6,241 - 975 103 340 (1,711) 56,739 __ 29 ^i ,190 (452) 32,272 71 (1,259) + 2,478 + + 8C3 1 - 17,017 - 967 139 197 + 18,320 - 4,420 - 474 177 15 16 328 816 + 3 -1,212 116 (1,711) 1963 9 1 8 + 4,9C8 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 13,757 1,432 15,189 48 53 Total loans and^securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS .. 1964 55,128 43 + 2,771 + 2,030 + - 353 87 43 14 + 209 + 393 + 31 + 2,663 C A P I T A L A C C O U N T S Capital paid in -512 + 31 Surplus -990 + 5S Other capital accounts + 21 + 22 109 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS; (1,711) 56,739 -1,190 + 2,771 Ratio of gold certificate reserves to depo*-it and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 29.8# 1.9$ •3* Contingent liability on acceptances purchase;ed 148 + 1 + 65 for foreign correspondents * Figures in parentheses are the eliminate.ons made in the consolidating process; see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES,_JUNE 24, :L964 (Acceptances and securities held under repurchase agreement are classified a£ maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Changes Discounts and during wee); Holdings Acceptances advances Fithin 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years irs Over 10 years 8? 6 64 37 -- :: -~ 696 4,463 12,6c6 14,691 1,836 -124 - 14 + 52 239 --. «, — H.4.1(b) STATIMEKT^^ 24, 1964 Total Boston New York Philadelphia RichAtlanta Chicago mond (In millions of dollars) Cleveland St. Louis Minne- Kansas Dallas City apolis San Francisco A S S E T S 13,757 1A32 15,189 640 82 722 1*52 141 93 Discounts and advances Acceptances: Bought outright 1*8 Held under repurchase agreement i 53 U. S. Government securities: Bought outrightBills k, 908 -Certificates 24,912 Notes Bonds LAJII. Total 3^531 Held under repurchase agreement 1 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. Ro notes of other Banks Other cash 1 1,035 4,232 678 79 757 22 10 163 38 29 4 3 14 "" 48 53 253 1,200 -6,092 1,152 8,444 3,895 337 2,326 511 1,045 2,584 570 2J__ 281 25 12 4l 15 27 16 15 7 8 26 -- 930 115 1,159 28 7 Q ^y „_ 254 648 87 735 124 £9__ 604 5i_ 540 k5_ 1,696 163 660 585 1,859 24 3 13 6 23 6 42 17 16 3 9 9 * __ -- -__ -- __ 666 - „ r I ; 1,285 i 243 : 1,781 „ „ 266 4io 331 270 830 192 101 197 192 -- -- — __ -- -- -- -- __ 1,350 2,C8l 1,677 255 393 317 999 189 975 185 1,871 2,884 2,325 1,900 -- -- -_ 1,352 ~~ 4,686 -- 4,213 1,352 «- 5,840 __ 513 97 711 -- --. 1,385 -- 1,371 259 _. _J27_ 975 185 -3,381 639 Total U. S. Government securities 34,531 1,781 8,444 1,871 2,884 2,325 1,900 5,840 1,352 711 1,385 1,352 4,686 Total loans and securities 34,725 ; 1,784 8,559 1,874 2,885 2,333 1,926 5,856 1,353 714 1,394 l,36l 4,686 653 3 17 1,469 449 3 19 530 6 30 551 5 21 600 18 19 1,158 8 86 330 6 13 218 4 7 422 6 14 366 12 15 754 10 46 58,450 ; 3,211 14,555 3,135. 4,645 3,992 3,354 2>294>. 1,251 2,515 2.,.36a 7,Jnft Cash items in process of collection Bank premises Other:, assets. 5KHMlL"£SSEa!S" : 7,500 103 1 340 22 53 9,716. *Less than $500> 000 <. H.4.1(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK OH JUNE 24, 1964 Total jBoston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) L I A B I L I T I E S 32,724 1,927 7,865 1,908 2,775 2,678 1,882 5,891 1,325 588 1,270 986 3,629 Member bank reserves U-S- Treasurer -general account Foreign Other Total deposits 17,017 967 139 197 18,320 626 47 6 1 680 5,030 1,171 67 12 * 727 58 836 60 2,527 95 i/44 130 5,399 705 50 7 * 762 7 794 94 6 1 895 895 73 8 904 18 1 2 2,642 380 62 3 1,250 7 2 794 598 52 4 1 655 2,728 114 17 59 2,918 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS 5,679 522 837 370 466 431 469 93^ 255 178 6 116 ; 56,839 3,135 27 14,128 6 3,046 10 4, 501 8 3,911 7 18 3,262 9,485 4 2,239 3 1,214 24 ^7 5 136 264 27 28 55 6 46 90 8 25 k9 29 56 7 73 IS 34 3 12 23 2 Federal Reserve notes Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign corre spondent s 512 990 j 109 ; 58,450 ,3^211__ 1^,555 ' 148 7 2/39 7 _J*i2£_Jh&£L.. _.3x2?2___3*32!L_. 8 14 7 8 140 18 9,716 21 ._2JL29JL._ 1_ # 308 635 5 2,444 5 2,275 17 7,199 23 43 5 30 57 6 66 132 .15 2,368 7,414 274 1,251 __2,_5_15_ 3_ * 7_ 2. 20 FEDERAL RESERVE AGENT'S ACCOUKK F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1,999 8,331 1,970 2,956 2,756 1,973 6,111 1,394 609 1,308 1,055 3,840 6,542 423 13 _28j832_ 1,610 1,650 500 565 340 1,100 112 272 9 180 735 2,550 2,230 1,700 8,500 3,050 2,795 2,040 5,177 6,277 260 1 1,210 2,033 405 3 l,6co 2,008 1,471 617 34,302 35,387 6,850 l/f&bGT deducting $ 95 million participations of other Federal Reserve Banks. 2/ After deducting $109 million participations of other Federal Reserve Banks. 505 1,381 900 1,080 * Less than $500,000. 3,4cc___ 4,135
@FedFRASER