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FEDERAL RESERVE Factors Affecting Bank Reserve! iM&M Condition Statement of F.R. Banks H.4.1 For Immediate release March 19, 196^ The average of daily figures of total member "bank reserves held during the week ended March 18 increased $222 million to $20,200 million. Estimated currency and coin of member banks increased $164 million and their reserve balances at the Federal Reserve Banks increased $58 million. Estimated required reserves increased $133 million; and estimated excess reserves increased $89 million to $405 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $^7 million, compared with the revised figure of $63 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $1^9 million in Federal Reserve float, $105 million in member bank borrowings, and $75 million in U. S. Government securities held under repurchase agreement, and decreases of $57 million in "other" F. R. accounts (net) and $44 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $2k2 million in U. S. Government securities bought outright and an increase of $15^ million in currency in circulation. Total Reserve Bank credit increased $95 million. As of bought outright securities held bank borrowings Wednesday, March 18, holdings of U. S. Government securities were $239 million lower than a week earlier, U. 3. Government under repurchase agreement were $1^0 million higher, and member were $517 million higher. 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 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. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of d a i l y f i g u r e s Week ended Change from week ended Wednesday, Mar. 1 1 , Mar. 20, Mar. 18, Mar. 18, 1964 1964 1964 1963 (In m i l l i o n s of d o l l a r s ) 33A95 75 -242 + 75 +2,765 + 75 62 33 - 2 + 11 + + 10 33 62 37 358 +105 953 1,758 357^0 15,463 5,576 56,519 +149 + 95 + 301 30 - 114 +3,039 - 415 1 +2,623 1,801 36,188 15,463 5,578 57,229 36,692 444 897 144 200 1,005 39,382 +154 - 8 - 44 - 5 - 7 - 57 +15 +2,181 4 + 52 36 + 9 68 +2,134 36,724 446 1,133 132 217 975 39,627 17,137 3,c63 20,206 19,795 405 + 58 +164 +522" +133 + 89 + 489 + 209 T~o98 + 663 + 35 17,602 3,380 20,982 20,148 834 - 4 + 92 33,195 140 On March 18, 1964, U. S. Government securities held in custody by the Federal Reserve Banks foy foreign account were $8,5^7 million, &n increase of $22 million for the week and an increase of $1,259 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Mar. 18, 1964 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities; Bought outfight-Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Cash items in process cf collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits; Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES * (518) Change since ' Mar.11, Mar. 20, . 1964 1963 -- 13,774 1,400 15,174 - 245 953 + + 62 37 + - 3 3 4 517 + -- + 14 543 132 411 154 794 12 37 + - 239 i4o 99 + .1,461 -:LO,315 +;LI,211 + 284 +" 2,641 + 140 + 2,781 + 432 + 3,624 +2,087 (l,94l) 57,770 + 1 + 65 +2 ;586 + 724 1 + 226 + AAPC8 (518) 31,548 34 + 2,074 754 264 4l 20 997 + 1,097 + 237 39 + , 26 + 1,321 +1,603 + 487 + 26 + 3,908 3,754 3,265 21,621 4,555 33,195 l4o 33,335 34,387 (1,U23) 7,270 103 591 17,602 1,133 132 217 19,084 (1,1+23) (1,9M) 5,469 93 56,194 C A P I T A L A C C O U N T S Capital paid in 508 Surplus 990 Other capital accounts 78 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,9^1) 57,770 239 ---- + + + + — +2.,634 _-._ - 48 ±2,,58~£ + 31 + 56 + 13 + 4,008 Ratio of gold certificate reserves to deposit and P. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 29*7$ .6$ -3-0$ Contingent liability on acceptances purchased for foreign correspondents 100 + 2 + 1 7 * 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, MARCH l81 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 Discounts and Changes advances Holdings Acceptances during week Within 15 days 809 54~" " 951 + 63 16 days to 90 days 8,090 2 -151 45 91 days to 1 year --10,001 - 11 __ Over 1 year to 5 years 12,149 __ Over 5 years to 10 years 2,067 -Over 10 years -219 Total 953 99 33,335 99 STATEMENT OF CONEITIOH OF EACH FEDERAL RESERVE BANK ON MARCH 18, 1964 11.4.1(b) Total Boston New York Philadelphia Cleve- RichAtlanta Chicago land mond (in millions of dollars) St. Louis Minne- Kansas Dallas apolis City San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 1,103 950 123 3,969 730 75 805 1,226 112 1,062 34 20 154 63 35 11 40 17 23 17 42 Discounts and advances 953 Acceptances: -~ Bought outright 62 Held under repurchase agreement 37 U. S. Government securities: Bought outright-3,754 Bills 193 168 Certificates 1 3,265 Notes |21,fe21 ! 1,111 Bonds 234 4,555 Total 1,7C6 [33,195 __ Held under repurchase agreement l4o 204 20 14 62 37 -- 938 815 13,774 ! 1,850 44 544 2,001 34 32 13 10 31 8 11 7 34 7 34 36 27 451 12 12 26 63 53 - -- -- -- -- -- -- 621 540 76 66 437 92 671 136 119 786 166 511 445 2,945 753 147 128 848 178 1,207 4,522 29 -- -- 202 175 313 272 254 221 5,4CC 1,137 8,290 1,161 1,799 1,465 245 379 309 1,783 i4o -- 15,174 518 245 F. R- notes of other Banks Other cash 500 607 54l Jii_ 595 75 17 3,635 334 548 28 286 702 2,230 257 2,437 727 78 805 i,4oo 1 85_ 787 5±. 3,576 2,763 2,249 207 180 1,194 252 1,833 5,490 1,301 -- -- -- -- -- 258 156 136 899 189 1,380 __ 151 621 -- Total U. S. Government securities 33,335 1,706 8,430 1,783 2,763 2,249 1,833 5,49C 1,301 671 1,380 1,207 4,522 Total loans and securities 34,387 1,748 8,733 1,803 2,777 2,278 1,86c 5,941 1,313 663 1,406 1,270 4,575 624 6 51 674 6 619 17 1,417 367 12 _33_ 233 4 12 415 6 35 356 6 22 26 27 663 10 80 4,74l 4,095 2,329 1,257 2,466 2,261 7,599 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 8,693 ! 581 2,050 103 3 30 8 153 492 3 32 59,711 ; 3,221 15,130 3,181 | 591 3,4c8 22 90__ 10,023 H. 4.1(c) STATEMENT OF CONDITION" OF EACE FEDERAL RESERVE BANK ON. MARCH 18, 1964 Total L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer-general acicount Foreign Other Total deposits Deferred availability cash items Other liabilities and accn;.ed 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 corre spondent s Boston New York Cleveland Rich- Atlanta Chicago mond Tin millions of dollars) Kansas Dallas City San Francisco 2,6l8 1,826 5,781 1,303 584 1,229 958 3,510 4,856 404 1/40 ' 135 5,435 1,480 777 36 7 1 821 408 1,233 88 11 1 1,333 515 773 52 905 69 2,730 125 6 7 18 620 48 4 379 68 3 7 838 554 1 982 506 13 2,886 * •* 450 784 49 6 2 841 185 323 862 39 7 3 911 298 2,971 102 17 54 3,lW 722 25 14,711 3,I4T~ 4 3,093 8 4,600 6 5 4,oib'"37319' 15 3 2,170 13 '7 389 17,602 i 712 1,133 53 6 132 * 217 "19,685" 771 490 1 6,892 4 24 47 3 135 264 20 28 55 5 46 90 ___5 j 59,711 3,221 15,130 3,181 4,741 2/27 6 9 1 ico Minneapolis 2,744 7,771 508 990 78 St. Louis 1,860 32,c66 j1,882 93 "58,135 Philadelphia 5 25 49 5_ 4,095 c J 29 56 4 672" 296 1,115 4 4 — 2 7 2 7 y ~I722T- " 2,397' 72 l4o 14 17 34 3_ 12 23 1 22 4^ 4 30 57 4 68 132 10 3,4c8 10,023 2,329 1,257 2,466 2,261 7,599 14 3 2 4 6 13 6 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 33,663 1,959 872S5 1,919 2,921 2,69b' I79SB 67006 r,TT8" 423 6,557 58 28,392 1,580 35,007 2,003 1,650 425 20 i,6oo 2,045 500 555 340 l , 100 2,550 3,050 2,170 2,725 1,650 5,177 6,277 250 12 1,210 6,750 8,4co 1 / A f t e r d e d u c t i n g $ 92 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r d e d u c t i n g $ 7 3 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 1,990 112 505 617 1,472 * 1,273 1,029 3,679 272 26 1,100 180 750 900 3,200 1,398 1,080 3,950 Less t h a n $500,000.
@FedFRASER