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•viSgSfe-. FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks HA.l 1TOT immediate "reiBase May ik, 1961*. The average of daily figures of total member bank reserves held during the week ended May 13 increased a net of $10 million to $20,287 million. Estimated currency and coin of member banks increased $39 million and their reserve balances at the Federal Reserve Banks decreased $29 million. Estimated required reserves decreased $104 million; and estimated excess reserves increased $114 million to $403 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $89 million, compared with the revised figure of $78 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $324 million in U. S. Government securities bought outright and $103 million in member bank borrowings. The principal offsetting changes were a decrease of $100 million in U S. Government securities held under repurchase agreement and increases of $2^2 million in currency in circulation and $102 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $297 million. As of Wednesday, May 13, holdings of U. S. Government securities bought outright were $3 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $282 million lower, and member bank borrowings were $68 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought 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) Averages of daily figures Week ended Change from week ended Wednesday, May 15, May 13, May 13, May 6, 1964 1964 1964 1963 (In millions of dollars) 83 +2,693 39 51 27 - 2 - 14 + + 6 27 50 23 3l4 +103 - 2 - 13 +297 + 115 30 + 169 +2,943 - 365 + 1 +2,579 179 __ 1,640 367020 15,463 5,571 57,054 37,150 417 990 160 179 939 39,836 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 33,904 +324 -100 33,904 17,218 3,069 20,287 19,884 403 -- - 11 +286 40 -- 1,527 35,723 15,463 5,573 56,759 37,218 +242 - 10 +102 + 4 - 9 - 15 +315 +2,217 + 1 57 + 4 45 +2,112 397582 - 29 + 39 + 10 -104 +114 + + + + 468 159 627 683 17,076 3,497 20,573 19,915 56 656 424 829 165 171 875 10 On May 13, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7;917 million, an increase of $99 million for the week and an increase of $285 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) May 13, 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 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: Member hank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (4*8) Change since May 6, May 15, 1964 1963 13,766 1,419 15,185 + 14 i64 179 - 16 - 68 50 23 2 13 - 19 -- 5 3 4,391 3,265 ---- 21,622 4,626 33,904 40 33,944 34,196 (1,255) 6,124 103 695 (1,703) 188 463 + + 6 23 + 1,719 -11,173 +11,927 + 247 + 2,720 65 + 2,655 + 2,221 236 +543 __ _.. + 4i7 +J^865 31,956 +133 + 2,087 17,076 -379 + 44 246 221 2 22 829 165 171 18724T (1,255) 498 149 349 + 23 +177 (1,703) 56,467 (kk6) - 3 -282 -285 ^368 + - 4,597 102 557396 + 28 -• 4 -311 + 1 +4i9 - 1 +24"o - 342 + 22 + 1,785 C A P I T A L A C C O U N T S -Capital paid in 32 511 Surplus -+ 56 990 Other capital accounts 70 - 63 + 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,703) 56,467 + 1,865 +177 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) + .lf0 2.1°/o 30. Of, Contingent liability on acceptances purchased for foreign correspondents 129 + 12 + 46 * 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, MAY 13, 1964 (Acceptances and securities held under repurchase agreement are class:ified as maturing withing 15 days in accordance with maximum maturity of the ag:reements.) U. S. Government securities Discounts and Changes advances Acceptances Holdings during_week Within 15 days 175 -238 7,030 39 16 days to 90 days k - 8 2,294 3^ -« 91 days to 1 year ** 10,127 - 39 • .. -Over 1 year to 5 years 12,158 „ _.. Over 5 years to 10 years 2,105 --Over 10 years 230 Total 179 33,944 -285 73 ** Less-than* $500/000 • STATEi-viaM1 OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 13, 1964 H-4 1(b) Total Boston New York A S S E T S Philadelphia Cleve- Rich- Atlanta Chicago land mond (In millions of dollars) 13,766 i,4l9 15,185 725 79 804 3,755 448 164 124 881 121 2,315 1,171 1,002 712 83 795 32 5 28 10 19 11 4 2 1,047 4,092 706 80 786 23 15 158 5« 14 Discounts and advances 179 Acceptances: — Bought outright 50 Held under repurchase agreement 23 U» S. Government securities: Bought outright-•• Bills 225 4,391 Certificates 3,265 168 Notes 21,622 1 1,210 Bonds 4,626 237 Total :33,904 i 1,740 Held under repurchase agreement ! 4o I 12 F. R- notes of other Banks Other cash Government securities Total loans and securities Cash items in process of collection Bank premises Other assets — — — • San Francisco < .,,.,.., 337 50 23 275 26 301 547 53 600 464 44 508 1,802 2,569 537 59 596 51 18 26 17 11 5 23 5 13 3 28 4 36 21 10 15 48 2 3 36 29 4 -- __ -- -- 366 272 299 222 5,290 1,132 8,296 1,159 1,801 1,472 248 385 315 1,818 2,824 4o -- -- 799 — 159 1,961 _-. -._ 236 175 1,075 254 3,661 2,308 240 179 1,183 254 1,856 783 170 127 84o 180 -- -- 5,740 1,317 -- -- 743 553 89 66 440 94 689 __ 179 133 879 188 596 443 1,379 173 128 851 182 1,334 4,603 -- -- -- 2,936 628 33,944 i,74o 8,336 1,818 2,824 2,308 1,856 5,74o 1,317 689 1,379 1,334 4,603 34,196 1,754 8,421 1,822 2,826 2,318 1,871 5,788 1,319 692 1,415 1,363 4,607 7,379 103 1,400 8 173 459 3 37 551 6 60 560 5 44 629 18 38 1,165 695 573 3 35 22 112 349 6 26 222 4 14 370 6 30 366 12 31 735 10 95 [58,170 1 3,207 14,302 3,144 4,652 3,959 3,420 9,699 2,312 1,261 2,437 2,312 7,465 1 TOTAL ASSETS • Louis Minne- Kansas Dallas apolis City i Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Total U- S St. J H-^.l(c) STATEMENT' OF CONDITION OF EAGH- FEDERAL RESERVE BANK ON MAY 13, 196*+- Total Boston New York Philadelphia 32,hck 1,895 7,828 1,890 17,076 829 165 171 18,21*1 5,852 66l 59 7 1 728 505 l+,866 137 1/51 ~ 97 5,151 881 713 52 9 * 102 56,599 5 3,133 511 990 70 2k Capital paid in Surplus Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent l i a b i l i t y en aceiept a n c e s p u r c h a s e d f o r f o r e j-gn correspondents F- R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F . R. n o t e s : Gold c e r t i f i c a t e account E l i g i b l e paper U- S. Government s e c u r i t j_es Total collateral Richmond 2,635 St. Louis Minneapolis Kansas City Dallas 5,828 1,313 566 1,252 970 3,583 882 60 9 1 952 295 2,834 103 21 62 3,020 637 77^ 388 1,195 51 ll+ 1 l,26l 1+87 719 70 8 1 801 U38 910 1+9 9 + 1 969 I+87 2,552 73 22 2 2,61+9 981 592 53 5 * 650 291 393 56 3 1 ^53 181+ 759 66 7 1 833 278 2l+ 13,884 5 3,057 9 4,512 7 3,881 5 3,330 17 9,^75 1+ 2,258 2 1,225 1+ 2,367 1+ 2,221 16 7,256 136 261+ 18 28 55 1+ 1+6 90 25 72 ll+O 12 18 3^ 2 12 23 1 23 43 k 30 57 1+ 68 132 9 9,699 2, 312 l,26l 2,1+37 2,312 7,^65 1+ 3 6 8 17 k k 58> 112.-_ 3 i 2 0 7 _ . Ik, 302 _ 3 i i M L . -hi&L. 3,959 3,teo 3 129 6 2/3I+ 7 33,862 1,973 8,271 1,9^5 1,650 1+05 1+ 1,600 6,502 , 1+23 ! 1+2 ; 1,580 '28,1+27 3^,971 j 2,003 San Francisco 1,869 29 56 5 1 1 2,755 6,750 8,1+00 2,009 12 18 7 7 FEDERAL RESERVE AGENT'S ACCOUNTS 2,930 2,707 1,958 6,ci+7 1,372 605 1,288 1,030 3,736 500 525 34o 1,100 112 735 2,205 1,650 5,177 900 3.2C0 2,730 1,990 6,277 1,472 617 272 36 1,100 l , 1+C8 180 2,550 3,050 260 2 1,210 1,080 3,935 1/ After deducting $llif million participations of other Federal Reserve Banks. 2/ After deducting $ 95 million participations of other Federal Reserve Banks. A t l a n t a Chicago ( I n m i l l i o n s of d o l l a r s ) L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member bank r e s e r v e s U . S . T r e a s u r e r - g e n e r a l ac count Foreign Other Total deposits D e f e r r e d a v a i l a b i l i t y cash i t e m s Other l i a b i l i t i e s and a c c r tled dividends TOTAL LIABILITIES -CAPITAL ACCOUNTS Cleveland 505 * Less than $500,000.
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