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li£SS£& FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.I For immediate release November 19, 1964 The average of daily figures of total member bank reserves held during the week ended November 18 increased $301 million to $21,318 million. Estimated currency and coin of member banks increased $198 million and their reserve balances at the Federal Reserve Banks increased $103 million. Estimated required reserves increased $62 million; and estimated excess reserves increased $239 million to $610 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $20 million, compared with the revised figure of minus $56 million the week before, when excess reserves were less than member bank borrowings. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $251 million in Federal Reserve float, $163 million in member bank borrowings, and $27 million in U. S. Government securities bought outright. The principal offsetting changes were a decrease of $100 million in U. S. Government securities held under repurchase agreements and increases of $184 mil-lion in currency in circulation and $29 million in Treasury cash holdings. Total Reserve Bank credit increased $331 million. As of bought outright securities held bank borrowings Wednesday, November 18, holdings of U. S. Government securities were $187 million higher than a week earlier, U. S. Government under repurchase agreements were $228 million higher, and member were $365 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 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. 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, Nov. 20,~ Nov. 18, Nov. 18, Nov. 11, 1964 1964 1964 1963 (in millions of dollars J" 35,698 215 + 27 -100 +2,925 + 39 35,765 504 4l 22 + 1 - 13 3 22 49 590 3 1,962 357532 15,462 5,497 597^92 +163 + 1 +251 +331 - 1 +331 - 120 99 +2,680 38,977 532 563 130 215 ,1,150 +184 + 29 + 17 +2,255 + 129 - 482 17,926 3,392 21,318 20,708 610 - 9 + 10 + - 159 28 218 +2,897 - 14 147 2 2,071 38,5B0 15,463 5,495 597538 39,031 546 425 157 191 1422 - 3 +228" 7 61 +1,833 4~1,652 +103 +198 +301 + 62 +239 + 846 + 222 +1,068 + 964 + 104 17,885 3,687 21,572 20,906 666 On November 18, 1964, U. S. Government securities held in custody by the Federal Reserve Eanks for foreign account were $8,222 million, a decrease of $28 million for the week and a decrease of $107 million from the comparable date a year ago. H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Nov. 18, ^ — ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright lie Id under repurchase agreements U. S, Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Nov. 11, Nov. 20, - ^ 13*650 1*524 15* 174 (464) i263_ -II — -296 * 1,76 - 120 - 115 - 270 130 149 _ - 9 365 42 49 + + 18 5*410 + 187 504 36T269 36*509 (1*699) 7*283 y k9 + + + J05 +1,828 -7,066 +7,454 + 602 +2,818 + 397 +3,215 + 70 +2,993 ---- -- 25*133 5*222 35*7^5 1 2 187 228 +1,249 + 555 __ 2 (2,163) 39*528 - 272 +1,038 + 76 +3*387 (464) 33*924 73 +2,380 17*885 425 157 + 532 - 216 + 1 3 + 9-19 - 593 + 6 191 18,658 - 138 + 171 z 5*212 116 (2*163) 57*910 + 862 + 2 +1*108 + 553 + 28 +3*289 521 99O — -- + 3 1 + 5 6 Other capital accounts 107 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS (2,163) 59,525 - 70 +1,038 + 11 +3,387 L I A B I L I T I E S Federal Reserve notes 102 330 Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL Capital paid in Surplus (1*699) 4 + 328 ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages~-not consolidated) 28.6$ - 1.8/0 Contingent liability on acceptances purchased for foreign correspondents 124 1 + 1 9 * 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 18, ,1964 (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 Changes Discounts and Acceptances Holdings during week advances Within 15 days 145 1,530 -5;,681 55 + 120 16 days to 90 days 4 36 3A93 ,9hQ 91 days to 1 year +5; l6,ok9 + 28 Over 1 year to 5 years 13,119 + 35 Over 5 years to 10 years 2,088 29C 35 Over 10 years + IH5 Total 149 36,269 91 H.4.1(b) STATEMENT OF CONDITION CF EACH REDEPAL RESERVE BANK ON NOVEMBER 18, 1964 1 New 1Boston Total 1 Philadelphia York Gold certificate account 113,650 i Redemption fund for F. R. notes ! 1,524 Total gold certificate reserves ii5,m i k6k 130 F. R. notes of other Banks Other cash Richmond St. Atlanta Chicago Minneapolis Louis Kansas City Dallas San Francisco (in millions of dollars) i 1 A S S E T S Cleveland 824 3, 530 721 84 805 32 7 170 37 24 3 16 7 33 10 37 11 29 21 13 4 25 4 13 5 26 3 46 18 # * 17 28 42 - 6 7 6 11 -.- __ -- -._- -_ -- --, -__ _._. __ 291 458 105 213 210 74l -_ -_ -* 490 102 697 989 2C6 975 203 1,388 _,_. 3,445 739 3,185 85 345 Discounts and advances 12 1^9 19 Acceptances: Bought outright 42 -k2 _.Held under repurchase agreements 49 h9 U. S. Government securities: Bought outright— Bills 29^ 5,^10 1,277 — _»-. Certificates -Rotes 1,364 5,933 125,133 Bonds ! 5,222 i 283 ., .1,233 Total 8,443 35,765 I 1,941 _.__ Held under repurchase agreements 504 504 i 2,406 1,078 726 91 817 139 949 129 1,244 1,105 377 _-- 302 280 2,686 926 514 61 575 263 27 290 542 60 602 519 50 569 1,981 173 2,154 216 1,353 2,126 1,749 _l,4c6 281 442 363 292 893 208 1,925 __-. 3,026 _._. 2,489 _.«. 2,0C0 -- 6,120 _.- 1,426 -- 4,301 1,002 _-_. 1,408 _,_- _._. ~j-* 716 _._ 4,902 -- 1 Total u. S. Government securities 36,269 l,94l 8,947 1,925 3,026 2,489 2,CC0 6,120 1,426 697 1,408 1,388 4,902 Total loans and securities j 36,509 1,960 9,050 1,925 3,026 2,506 2,028 6,162 1,427 703 1,415 1,394 4,913 Cash items in process of collection Bank premises Other assets 1 656 3 17 1,654 e 635 6 29 675 5 19 688 18 19 1,500 82 512 3 18 22 49 442 6 12 279 4 7 610 6 17 446 11 17 885 10 44 3,499 14,531 3,290 4,963 4,326 3,618 10,469 2,479 1,312 2,668 2,466 8,070 TOTAL ASSETS 8,982 I 102 330 61,691 _____ __ *Less than $500, CC0. H.4.l(c) STATEMENT OF COEDITTOH OF'EACH-FEDERAL RESERVE BANK. ON NOVEMBER 18., I56U T Total 1Boston New York Philadelphia Cleve land Rich- Atlanta Chicago mond } St. Louis 1 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 correspondents 1 millions of doi:Lars) 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 San Minne-' Kansas Dallas J Franapolis City cisco 34,388 2,020 8,058 2,008 2,920 2,918 1,991 6,240 1,378 599 1,324 1,056 3,&76 1,300 22 13 1 1,336 766 21 7 6 800 948 17 8 1 974 2,736 50 21 2 2,809 663 31 5 3 702 406 31 3 l 441 837 48 7 4 896 945 31 8 2 986 3,062 79 20 63 3,224 552 519 552 1,170 338 233 372 326 736 7 4,244 7 3,524 18 10,237 5 2,423 2 1,275 5 2,597 5 2,373 15 7,853 17,885 425 ! 157 1 191 | !18,658 | 819 12 7 1 4,671 839 4,893 732 17 8 l 758 | 6,911 | 558 1,125 428 66 I/50 106 1 116 1 'O 30 1 So,073 \~ 3/^23 Jh,±cS 521 10 6 3,200 ' T+78T8 55 6 26 49 7 14,531 3,290 4,963 4,326 3,618 10,469 2,479 1,312 2,668 2,466 8,070 2/33 7 11 6 7 17 4 3 6 7 17 17371 I7I32" 47o85~ 137 264 24 29 : 61, 69.I 1 3,499 1 990 107 124 u_i 18 34 4_ 47 90 8 25 47 4 30 56 8_ 74 i4o 18 12 23 2 30 57 6_ 23 43 5_ 70 132 15 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 87563 27072 3,102 3,002 2,099 o74-'3I 1,444 "521 410 1,720 615 __ 2,415 340 __ 1,800 1,100 ._ 5,600 270 1 1,210 225 180 735 7,000 500 _. 2,700 112 1,690 450 * 1,800 515 1,200 1,000 3,500 2,100 8,720 2,250 3,200 3,030 2,l4o 6,700 1,481 627 1,425 1,180 4,235 j 2,683 1/ After deducting $107 million participations of other Federal Reserve Banks. 2/ After deducting $ 91 million participations of other Federal Reserve Eanks. * Less than $500,000.
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