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FEDERAL RESERVE +mm Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks H.4.1 **** For immediate release November 12, 1964 The average of daily figures of total member bank reserves held during the week ended November 11 decreased $165 million to $21,049 million. Estimated currency and coin of member banks decreased $137 million and their reserve balances at the Federal Reserve Banks decreased $28 million. Estimated required reserves decreased $184 million; and estimated excess reserves increased $19 million to $465 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $38 million, compared with the revised figure of minus $30 million the week before, when excess reserves were less than member bank borrowings. The principal changes reducing average reserve balances with Federal Reserve Eanks were a decrease of $49 million in member bank borrowings and increases of $351 million in currency in circulation and $42 million in "other" F. R. accounts (net). The principal offsetting changes were increases of $246 million in U. S. Government securities held under repurchase agreements and $77 million in Federal Reserve float and a decrease of $120 million in Treasury deposits with Federal Reserve Banks, Total Reserve Bank credit increased $291 million. As of bought outright securities held bank borrowings Wednesday, November 11, holdings of U* S. Government securities were $131 million lower than a week earlier, U. S. Government under repurchase agreements were $32 million higher, and member were $105 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreements Acceptances — Bought outright Held under repurchase agreements Discounts and advances— Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Eanks Other deposits with F. R. Eanks Other P. R# accounts (net) Average of daily figures Week ended Change from week ended Wednesday, Nov. 11, ""Nov. 4, Nov. 13, Nov. 11, 1964 1964 1964 1963 (in millions of dollars) 35,671 315 40 35 + 29 +246 + +2,791 + 16 l 5 31 - 12 + 427 2 1,711 38,201 15,463 5,497 - 49 - 1 + 77* +291* + 1 - 8 + 127 28 + 130 +3,063 597ISI +2W* +2,843 38,793 503 546 139 205 +351* + 15 -120 + 17 + 8 +_4g* +2,168 + 101 - 3^0 - 119 - 101 7 + 7 + 152 +2,080 35,57$ 276 4o 31 512 2 ,1,577 38,016" 15,^63 5,496 58,975 38,983 515 641 144 242 1,098 517338 +312 4T^23 Member bank reserves: With Federal Reserve Banks 17,353 17,823 + 763 Currency and coin (estimated) 3,226 + 221 3,6?3 Total reserves held 21,049 + 21,046 Required reserves (estimated) 20,584 + 950 20,564 Excess reserves (estimated) 34 465 + 482 * November 4 figures corrected. On November 11, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,250 million, an increase of $74 million for the week and a decrease of $94 million from the comparable date a year ago. H.-V. 1(a) CONSOLIDATED STAIJSIMT- OP COKEITION OF THE TWELVE FEDERAL SESERVE BANKS (in millions of dollars) Change sinee Nov Nov. 11, " Hov. "57 « ASSETS Gold certificate account Redemption fund for p. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U, S. Government securities Total loans and securites Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L Capital paid in Surplus ACCOUNTS ~ -JaSL ^ 3SS i263_ 13,650 i,524 ljjJlT? (4^4) 139 514 - 30 + 27 - 3 - 12 +105 - 305 + 178 - 127 40 31 - 23 5,223 25,133 5,222 35,578 276 35,854 36 439 (1,381) 6,034 102 602 (1,825) ffi'Vffi -131 21 -131 * 3.2 -99 - 17 + 4l 7 95 382 3 31 + •1,937 -10,712 +11,100 + 602 + 2,927 + 276 + 3,203 + 98 +107 + 3,613 + 39 2 + 58 + 3,^6 (444) 33,851 +371 + 2,322 17,353 6kl 144 3^9 W^Wf 4,350 114 56,802 - 93 + 95 + 13 +152 +15? -456 + 3 +85 (285) (285) (1,096) (1,825) 521 990 -— + 1,182 + + 378 7 152 949 + 2 ± 27 +3,300 + + 31 56 Other capital accounts 177 + 22 + 99 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,825) 58,490 +107 + 3,48£ Ratio of gold certificate reserves to deposit and P. R. note liabilities combined (computed frcm figures as shown on the following pages—not consolidated) 28.6$ -.4$ 2.4$ Contingent liability on acceptances purchased for foreign correspondents 125 " + 20 * 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, NOVEMBER 557^955 ~ (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U« S» Government securities Discounts and Changes advances Holdings Ac(: e p t a n c e s during week r 7,211 507 To Within 15 days 507 S) 7,211 285 3,073 7 31 1.6 days to 90 days 7 31 3,073 +180 -10,101 «91 days to 1 year „ „ + 1 -13,091 Over 1 year to 5 years ^rs -Over 5 years to 10 years 2,053 __ Over 10 years 325 _ Total 514 71 357B55" - 99 STATEMENT OF COMDITION OF EACH FEDERAL RESERVE BAMC ON NOVEMBER 3.1, 1964 H. 4.1(b) Total Boston New York Philadelphia Cleve- RichAtlanta Chicago mond land St. Louis Minneapolis 270 27 1 r San Kansas FranDallas 1 City cisco (In millions of dollars) A S S E T S Gold certificate account 13,650 1 Redemption fund for F. R. notes 1,524 Total gold certificate reserves 115,174 651 84 735 1,022 139 896 3,362 345 3,707 444 139 33 8 170 39 Discounts and advances 514 Acceptances: Eought outright 40 Held under repurchase agreements 31 U. S. Government securities: Bought outright-Bills ' 5,223 Certificates -Notes 25,133 Bonds 5,222 Total 35,578 Held under repurchase agreements 276 19 — -- F. R. notes of other Banks Other cash 1 I 811 85 269 „ 536 49 585 1,864 173 2,057 11 4 27 4 12 5 25 3 38 19 3 18 31 37 10 --- --- — -- — — 205 101 207 204 -- -- -- -- 4,368 908 6,183 985 205 1,395 488 101 690 -- -- l,l6l 756 92 848 2,213 280 2,493 555 61 616 21 3 15 7 31 14 34 11 27 22 129 15 20 43 27 162 4o 31 — -- --- -• — --- -— 1,225 287 442 367 293 907 — — -- 1,294 269 1,832 297 603 60 663 987 129 1,116 -- 5,897 1,226 8,348 276 1,380 286 1,953 — 2,125 442 3,009 — 1,765 367 2,499 -- -- 1,412 293 1,998 — — — — — 995 979 207 203 1,409 1,386 -- 716 — 3,445 715 4,876 — Total XL S. Government securities 35,854 1,832 8,624 1,953 3,009 2,499 1,998 6,183 1,395 690 1,409 1,386 4,876 Total loans and securities 36,439 1,851 8,824 1,968 3,029 2,542 2,025 6,345 1,398 708 l,44o 1,423 4,886 7,415 102 602 478 3 30 1,351 8 145 434 3 32 433 6 52 644 5 l,c64 4l 654 18 34 22 98 375 6 24 278 4 12 473 6 27 369 11 26 842 10 81 ' 60,315 3,299 14,244 3,196 4,703 4,393 3,624 10,071 2,434 1,330 2,626 2,462 7,933 Cash items in process of collection Bank premises Other assets TOTAL ASSETS H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 11, 1964 Total Boston New York Phila- Cleve- RichSt. delphia land mond jAtlanta Chicago Louis l LIABILITIES Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer -general a(2 count Foreign Other Total deposits Deferred availability cash items Other liabilities and accnaed dividends TOTAL LIABILITIES CAPITAL ACCCUKTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac<:eptances purchased for fore:Lgn correspondents Minne- Kansas apolis City Dallas 1 San Francisco (In millions of dollars) 3M95 ! 17,353 6kl Xkh 63k 16,772 58,627 I 1 521 990 177 60,315 L 125 2,003 8,048 1,998 2,904 2,905 1,979 6,224 1,375 598 1,325 1,054 3,882 721 38 6 706 30 8 765 4,564 88 1/45 127 4,824 744 1,226 33 12 1 1,272 823 53 6 43 925 922 42 8 58 1,030 355 368 2,693 60 19 7 2,779 806 429 42 3 31 505 899 893 41 8 109 1,051 490 656 22 4 4l 723 445 810 63 7 91 971 422 273 187 297 278 2,910 129 18 126 3,103 626 6 30 3,219 13,801 5 3,102 9 4,553 8 4,306 6 3,526 18 9,827 5 2,376 2 1,292 6 2,553 4 2,366 15 7,706 30 56 12 74 140 30 18 34 6 12 23 3 23 43 7 30 57 9 70 132 25 3,624 10,071 2,434 1,330 2,626 2,462 7,933 18 4 3 6 7 17 137 264 42 3,299 14,244 29 55 10 47 90 13 26 49 12 3,196 4,703 4,393 2/33 7 11 6 25 47 8 1 # 6 7 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 2,070 8,526 2,056 3,079 2,974 2,075 6,451 1,448 "6"22 1,369 1,136 '4,063 400 1,670 500 615 340 1,100 225 180 735 6,950 2,700 2,395 1,750 5,600 515 1,200 1,000 3,500 8,620 2,128 3,200 3,010 2,090 6,700 270 3 1,210 1,483 112 1,690 2,090 425 3 1,700 627 1,425 1,180 4,235 1/ After deducting ^99 million participations of other Federal Reserve Banks, 2/ After deducting $92 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER