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FEDERAL -rftiS^y RESERVE Factors Affecting Bonk Reserves a i d For immediate release Condition Statement of F.R. lanks March 26, 196^ H.4.1 The average of daily figures of total member bank reserves held during the week ended March 25 increased $275 million to $20,489 million. Estimated currency and coin of member banks increased $58 million and their reserve balances at the Federal Reserve Banks increased $217 million. Estimated required reserves increased $138 million; and estimated excess reserves increased $137 million to $512 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $233 million,, compared with the revised figure of $17 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $215 million in Federal Reserve float and $106 million in U. S. Government securities bought outright and decreases of $55 million in "other" F.R. accounts (net) and $35 million in currency in circulation. The principal offsetting changes were a decrease of $79 million in^ member bank borrowings and an increeae of $147 million in Treasury deposits with Federal Reserve Banks. Total Reserve B&B& credit increased $270 million. As of bought outright securities held bank borrowings bonds increased Wednesday, March 25, 1#3J8*»|P 0* S. S. Government securities were $160 million RtgtWr ttm a weak earlier, U. S. Government under repurchase agre«»4mt were $112 million lower, and member were $898 million lower. Outrlgftt holdings of bills, notes, and $138 million, $1 million, and $21 million, respectively. 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 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 F.R. 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, Mar. 25, Mar. 27, Mar. 25, Mar. 18, 1964 196U 1964 1963 (l^ millions of dollars) 1 33,355 83 +106 + 8 +2,782 1 •- 33 63 51 + 1 + 18 + + 279 - 79 55 + 38 -- 30 1,497 + 375 +3,195 i 35,055 15,463 - 4l6 1 5,579 + 3 ! +2,782 I 56,097 33,301 __ __ 12 51 1,973 35,750 15,462 5,579 56,791 +215 +270 - 1 + 3 +272 36,657 - 35 - 13 +147 + 15 - 4 - 55 + 55 +2,242 +217 + 58 +275 +138 +137 + + + + + 431 i,o44 159 196 950 39,437 17,35^ 3,135 20,489 19,977 512 + 28 62 58 36,715 20 415 30 1,101 27 143 170 942 + 22 - 128 +2,118 664 227 891 842 49 39,486 16,611 3,480 20,091 19,945 1 146 On March 25, V)fk> U. S. Government securities held in custody by the Federal Reserve Banks for foxel^ account were $8,33^ million, a decrease of $213 million for the we^k arid an Inor^ase of $993 million from the comparable date a year ago. H. 4. 1(a) CONSOLIDATED STATEMENT OF CONDITION OF THS TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Mar- 25, Change since Mar. 18, Mar. 27, lQ6k A S S E T S Gold certificate"account Redemption fund for F. R. notes Total gold certificate^reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal^Reserve^notes"" ~ Deposits: -21 3,892 3,265 21,622 4,576 33,355 28 33,383 33,558 (1,242) 5,499 102 t- 138 ~ + 1 + 21 + IS© - 112 + 48 - 829 <* - 551 + 135 - 5lo. - 1^9 * 1^9 '• 13 58 +..l,64o -10,315 +11,212 + 305 + 2,842 96 + 2,746 + 2,648 + + 597 643 -1,771 l + 52 (l,78l) 55,231 -2,533 +_'2,.931 25 +2,099 31,523 16,6ll Member hank reserves U. S. Treasurer—general account Foreign Other Total deposits C A P I T A L Capital paid in Surplus 1963 —i—-—+ 1 3 ± 3 + 1^ -898 62 58 (539) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 196k ^ ^ 13,787 ,A*fr°3. ^ 15,190 (539) 245 55 (**) (**) (1,242) 1,101 143 170 18,025 4,002 92 (1,781) 537^42 1 258 -1,059 + + + -1,467 1 -2,552 + 323 + 23 + 233£" + 991 32 11 - 47 201 250 in 19 391 ACCOUNTS 508 990 - «. -19 + + 30 56 15 4Other capital accounts + 97 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,78l) 55,237 -2,533 + 2,937 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 30-3$ -6fo * 2.5$ Contingent liability on acceptances purchased for foreign correspondents 105 + 5 + 2 2 * Figures in parentheses are the eliminations made In the consolidating process; see comparable figures on combined hasis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 2^7 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 Acceptances 72~* k 48 --.-- ----~ 10,002 12,160 2,075 222 -150 +175 + 1 + 11 + 8 + 3 55 120 33,383 TT5 Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years' Over 5 years to 10 years Over 10 years Total ** Less than $500,000 Change s during week Discounts and advances 51 Holdings 659 8,265 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 25, 1964 New Total ! Boston York Philadelphia Cleveland Richmond St. Atlanta Chicago Louis Minne- Kansas apolis City Dallas San Francisco (in millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F- R. notes of other Banks Other cash 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 13,787 1,403 15,190 1 539 245 [ 62 58 ! 3,892 i 3,265 121,622 ! 4,576 133,355 28 1,036 122 1,158 932 111 1,043 726 84 810 153 64 3h 41 17 22 16 80 16 18 2 62 58 --- 962 807 5,343 1,131 8,243 28 212 178 1,176 249 1,815 325 273 1,808 383 2,789 223 1,474 312 1,189 2,274 3,628 31 19 2 55 | i 731 77 808 676 78 754 - • * -« 20k 173. 1,133 I ..239 | i,W 1 333 3,96l 11 4i- 6 7 2,419 257 2,676" 32 33 535 59 594 ' 290 28 318 17 10 32 9 1 7 1,706 156 1,862 15 7 36 7 46 36 11 - * _. __ 265 560 548 54 44 602 ~ ' 6o4 214 179 1,834 644 541 3,580 758 5,523 155 130 658 181 1,324 252 --- 439 93 677 161 135 893 189 1,378 151 126 838 177 1,292 520 436 2,891 612 4,459 79 66 Total u. S. Government securities 33,383 ! 1,747 8,271 1,815 2,789 2,274 1,834 5,523 1,324 677 1,378 1,292 4,459_ Total loans and securities 33,558 1,7^9 8,409 1,817 2,789 2,280 l,84l 5,530 1,324 678 1,389 1,293 4,459 494 3 33 1,361 8 164 396 3 34 570 6 57 472 5 38 511 17 36 1,025 22 99 299 6 24 185 4 14 352 6 28 342 12 30 734 10 3,083 14,120 3,103 4,638 3,876 3,311 9,417 2,274 1,240 2,399 2,324 7,233 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1 ! 6,741 102 643 57,018 1 86 *Less than $500,000 STATEMENT OF'CORDITTOr OF EACH FEBERAL RESERVE BANK ON MARCH 25, 1964- H.4.1(c) Total LIABILITIES Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general ac: count' Foreign Other Total deposits Deferred availability cash items Other liabilities and accnled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Othey capital accounts TOTAL LIABILITIES ANT CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for forej-m corre spondent s Boston New York Philadelphia Cleve- Rich- Atlanta Chicago land mend St. Louis Minneapolis Kansas Dallas City San Francisco (In millions of dollars) 32,062 1,879 7,783 1,873 2,740 2,613 1,828 5,782 1,300 583 1,225 956 3,500 l6,6li 1,101 698 427 748 59 7 1 815 709 82 7 5 803 916 53 8 1 2,377 127 19 3 978 2,526 600 71 5 * 676 413 44 3 1 46i 84i 906 71 8 2 987 41 2,9*5 871 322 1,172 92 12 1 1,277 471 769 64 6 2 18,025 5,244 4,6l4 247 1/44 113 5,018 2,768 118 18 170 619 73 6 * 375 410 864 240 157 259 285 563 23 3,009 13,695 5 3,015 7 4,495 4 2,329 4 2,232 13 7,021 28 55 5 46 90 7 22 43 5 30 57 5 68 132 12 \ 92 155,^23 508 990 97 24 47 3 135 264 26 57,018 -2J3A. 14,120 105 5 2/28 i 5„ 15 5__ 9,187 3,796 3,221 25 *9 6 29 56 5 72 140 18 k_ 2,220 17 34 3 _l*l°3__-1*638._J,Jl6__ ^ 1 1 _ _9Al7_.__2a27jt_ 6 5 9 6 15 4 2_ 1,203 12 23 2 1.240 .-2,399 - 2,324__ 7.233 2 5 6 14 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 1/ After deducting $99 2/ After deducting $77 33,562 1,959 8,232 1,919 2,916 2,684 1,928 5,98* 1,370 605 1,268 1,022 3,675 6,55713 28,392 423 1,650 500 555 3*0 1,100 250 112 272 11 180 750 1,580 2,170 2,725 1,650 1,990 5,177 6,277 1.210 i,*6o J05_ 617 3.200 2,003 2,550 3,050 900 34,962 6,750 8,4co 425 2 1,600 2,027 million participations of other Federal Reserve Banks. million participations of other Federal Reserve Banks. iJ£0_ 1,383 1,080 * Less than $500,000. 3,950
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