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FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F . I . l i n k s K.k.i'"" For immediate release Mai*ch 5> 1964 The average of daily figures of total member bank reserves held during the week ended March 4 increased a net of $129 million to $20,l6l million. Estimated currency and coin of member banks decreased $91 million and their reserve balances at the Federal Reserve Banks increased $220 million. Estimated required reserves decreased $3 million; and estimated excess reserves increased $132 million to $479 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $117 million, compared with the revised figure of $l47 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $495 million in U. S. Government securities bought outright and $l62 million in member bank borrowings. The principal offsetting changes were a decrease of $306 million in Federal Reserve float and increases of $86 million in Treasury deposits with Federal Reserve Banks and $37 million in currency in circulation. Total Reserve Bank credit increased $35$ million. As of Wednesday, March 4, holdings of U. S. Government securities bought outright were $520 million higher than a week earlier and member bank borrowings were $497 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement Discounts and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, Feb. 26, Mar. "F7 Mar. 4, Mar. 4, 1964 1964 1963 1964 (irTmillions of dollars)" 33,245 63 6 362 -- 1,529 35,20$ 15,462 5,587 56,254 36,345 450 989 150 207 i,o4o 39,i8i 17,072 3,089 20,161 19,682 479 +495 + + 2 6 +162 — -306 +358 -- - 1 +358 +2,843 33,452 - 150 + + 8 6 62 15 + 220 30 - 136 +2,76O - 416 + 14 +2,359 77 +2,063 + 2 + 133 38 -- 1,447 35,053 15,463 5,589 56,105 36,456 + 37 + 11 + 86 + 3 + 10 - 11 +137 6 457 947 136 203 95 +2,058 1,032 39,231 +220 - 91 +129 - 3 +132 + + + + + 16,874 3,229 20,103 19,832 300 344 644 561 83 On March 4, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,755 million, a decrease of $4l million for the week and an increase of $1,622 million from the comparable Digitizeddate for FRASER a year ago. 271 H 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) ]S4ar. *, 196* A S S E T S Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities * (61*5) L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 13,77* 1,*07 15,181 + 20 - * + 16 267 77 - 22 -*97 62 15 «.- •f 558 144 - ~~5ii - 139 135 +' 8 15 + 15 + *,011 3,265 21,621 *,555 33,*52 +520 + 1,576 __ --- -10,315 +11,332 331552 +J20 + 391 + 2,984 84 +"2,900 33,606 (1,799) 55,156 + 38 +136 + 1 + 36 +205_ + 2,788 + 330 1 + 226 + 2,79b (6*5) 31,309 +126 + 1,917 16,87* -1*1 +122 + 1 + 380 + 90 43 + 5 + 427 + 318 + 25 + 2,687 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Mar. 6, Feb; 26, 19j& 196* (1,15*0 5,*37 103 562 9*7 136 203 18,160 (1,15*) 3,990 92 (1,799) 53,551 C A P I T A L A C C O U N T S Capital paid in "" 508 Surplus 990 Other capital accounts 107 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,799) 55,156 Ratio of gold certificate reserves to depos:Lt and F R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 30.3$ Contingent liability on acceptances purchased for foreign correspondents 97 +520 + 7 - 11 + 6* + * +I83 \ + 1 -+ 21 +205 -_ + 5 + + 3* 56 •f 13 + 2,790 - 2.*f» •f 13 * 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 4, 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 Changes Discounts and during week Holdings advances Acceptances +200 803 Within 15 days 74 36 +13* 8,213 16 days to 90 days 3 4l +186 10,001 91 days to 1 year __ 12,1*9 Over 1 year to 5 years — 2,067 Over 5 years to 10 years -219 Over 10 years ^1 Zl +520 33,*52 Total 77 77 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 4, 1964 Total Boston New Philadelphia York RichAtlanta Chicago mond (in millions of dollars) Cleveland St. Louis Minne- Kansas Dallas City apolis San Francisco A S S E T S Gold certificate account 13,774 : Redemption fund for F. R. notes 1,407 Total gold certificate reserves 15,181 F. R. notes of other Banks Other cash Discounts and advances Acceptances.: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-1 Bills Certificates i Notes 1 Bonds 1 Total j Held under repurchase agreement 788 85 2,486 258 510 60 271 28 1,195 1,098 873 2,744 570 299 123 984 114 806 677 79 3,273 335 730 76 756 3,608 1,072 ' 610 53 603 44 1,770 663 647 1,922 152 645 45 169 50 54 31 94 48 18 39 13 40 267 21 64 13 20 18 20 33 12 9 10 9 44 38 77 7 14 6 T 11 n 24 2 7 - 2 62 15 -- 62 15 -- "- -- -- -- -- 1,026 211 172 327 266 270 220 211 172 683 557 1,136 1,763 1,456 1,138 3,683 4,011 205 3,265 1 167 21,621 J 1,102 232 ^,555 I 33,^52 1,706i 835 5,530 1,165 8,556 -- 1,336 153 124 825 174 1,276 4,369 239 372 307 239 776 1,758 2,728 2,253 1,760 5,699 1,333 81 66 438 93 678 --. -.- -- -- -- __ -- -- „ 160 130 864 182 524 426 160 130 862 181 2,824 595 Total U. S. Government securities 33,452 1,706 8,556 1,758 2,728 2,253 1,760 5,699 1,333 678 1,336 1,276 4,369 Total loans and securities 1,713 8,647 1,764 2,729 2,264 1,761 5,723 1,335 679 1,343 1,277 4,371 502 1,295 3 27 402 3 30 503 7 49 465 5 32 512 17 31 1,060 8 146 22 87 292 6 21 198 4 13 350 6 25 301 12 27 711 10 ?4 3,067 13,937 3,068 4,557 3,913 3,308 9,717 2,254 1,241 2,410 2,313 7,170 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 33,6o6 i 6,591 ! 103 ! 562 I 56,955 STATEMENT OF CONDITION OF EACH FEIERAL RESERVE BANK ON MARCH 4, 1964 H.4.l(c) '————— Total ]Boston 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign corre spcndents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral l/ After deducting 2/ After deducting New York Phila- Cleve- Rich- Atlanta Chicago delphia land mond (in nillicns of dollars) St. Louis Minne- Kansas Eallas apolis City _____ 1 San. Francisco 1,873 7,746 1,854 2,732 2,620 1,830 5,755 1,299 582 1,227 ; 16,874 1 947 136 i 1 203 1 643 48 6 1,192 52 11 1 1,256 918 45 7 971 610 52 4 1 667 460 793 57 5 2 857 968 477 1 1,023 2,728 79 834 2,639 184 17 1 3 2,843 417 40 3 !lb,160 751 39 6 1 797 752 69 6 '* 697 4,463 235 1/48 "137 4,«»3 5,144 4i7 860 322 4i8 372 412 871 229 160 252 243 588 24 5 55,350 i 2,992 13,513 5 2,978 7 4,413 5 3,831 4 3,217 16 9,4«5 4 2,199 2 1,204 4 2,340 3 2,222 13 6,956 135 264 25 28 55 7 46 90 8 25 49 8 29 56 6 72 l4o 20 17 34 4 12 23 2 22 43 5 30 57 4 68 132 14 3,067 13,937 3,068 3,913 3,308 9,717 2,254 l,24l 2,410 2,313 7,170 31,95^ 953 3,483 r 1. .92 I 508 i 990 107 |56,955 1 97_ ! 24 4 .5 2/26 5_ 4,557 M 7 9_ 1. - _,,._.. 5_ 14 FEDERAL RESERVE AGENT'S ACCOUNTS 1,960 8,254 1,915 2,934 2,702 423 1,650 500 605 1,580 2,003 6.750 8,400 425 6 1.600 2,031 2,550 3,050 2.170 2,775 88 million participations of other Federal Reserve Banks. 71 million participations of other Federal Reserve Banks. * i. 2 4_ _. if 2,572 H 6,012 1,365 610 1,258 1,026 3,648 340 1,100 112 272 180 750 1,650 1,990 5.177 6,277 250 2 1.210 1,^62 SCO 612 1.100 1,379 9QO 1,080 ^.200 3,950 1,915 7 * Less than $500,000.
@FedFRASER