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FEDERAL RESERVE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release November 27, 1964 The average of daily figures of total member hank reserves held during the week ended November 25 decreased a net of $273 million to $21,029 million. Estimated currency and coin of member banks increased $6l million and their reserve balances at the Federal Reserve Banks decreased $334 million. Estimated required reserves increased $83 million; and estimated excess reserves decreased $356 million to $260 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Eanks by $101 million, compared with the revised figure of $26 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $431 million in member bank borrowings, $90 million in U. S. Government securities held under repurchase agreements^and $32 million in gold stock, and increases of $96 million in currency in circulation and $95 million in "other" F. R. accounts (net). The principal offsetting changes were increases of $174 million in Federal Reserve float, $169 million in U. S. Government securities bought outright, and $33 million in acceptances held under repurchase agreements, and decreases of $42 million in Treasury deposits with Federal Reserve Banks and $32 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $144 million. As of bought outright securities held bank borrowings Wednesday, November 25, holdings of U. S. Government securities were $515 million higher than a week earlier, U. S. Government under repurchase agreements were $504 million lower, and member were $11 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. Banks CA,her 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) * Kov^mber 18 figures corrected. Averages of daily figures Week ended Change from week ended Wednesday, Ncv. 25, Nov. 18, Nov. 25, Nov. 27, 1964 1964 1964 196-3. (In millions of dollars) +2,849 + 32 36,280 125 +169 - 90 43 55 + 2 + 33 __ 55 45 44 159 3 -431 41 158 __ 2,136 38,38S 15,^30 5,494 59,312 +174 30 + 10 +2,876 - 152 99 +2,625 35,867 "^44 - 32 - 3 ~i8o 1,612 381I4T 15,388 5,487. 59^16 1,245 41,720 + 95 +154 +1,856 39,266 559 752 194 186 1,081 427035 17,592 3,437 21,029 20,769 -334 + 61 -273 + 83 -356 + 769 + 225 + 994 +1,069 75 16,978 3,854 20IB32 20,828 4 39,071 552 521 148 183 260 + 96* + 19* - 42 + 18 - 32 +2,199 + 166 - 485 - 16 5 On November 25, 1964, U. S. Government s e c u r i t i e s held in custody by the Federal Reserve B^mks for forei gn account were $8,334 million, an increase of $112 million for the wcok a.n/5 a rlecrea.se of $3.20 million from the comparahle date a year ago. H. h. 1(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Nov. 25, " Nov. 157 Nov- 27, 1964 1964 1963 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U.S. Government securities Total leans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 13,556 1,535 15,091 (439) 130 l60 45 44 5,925 -25,133 5,222 36,280 -36,280 36,529 (1,383) 6,059 102 577 (1,822) 58,488 + •• 9k 11 83 — 11 3 5 + 515 --^Z + 515 - 504 + 11 + 20 -1,224 -+ 247 jO.,040 - 373 + 170 - 203 110 - 445 + + 2 44 +2,096 -7,066 +7,454 + 602_ +3,086 - 132 +2,95^ +2.,555 +1.,000 2 + 307 ±2.,547 L I A B I L I T I E S f 247 Federal Reserve notes ~ +2.,1P0 (*39) 3^,171 Deposits: - 907 + 519 Member bank reserves 16,978 U. S. Treasurer—general account - 190 + 327 752 Foreign + + 37 3h 19^ Other + _J£ 1.86 5 Total deposits + 375 - 548 18,110 - 765 + 856 Deferred a v a i l a b i l i t y cash items (1,383) 4,447 Other l i a b i l i t i e s and accrued dividends 2 + 2^ 118 + TOTAL LIABILITIES + 3;,446 (1,822) 56,846 -1,064 CAPITAL ACCOUNTS + 30 1 522 Capital paid in Surplus + 56 -990 Other capital accounts + 15 + 23 130 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,822) 587%86 -1,0^0 +3, 5^7 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 28.6$ — - 2.0$ Contingent liability on acceptances purchased for foreign correspondents 123 1 + 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 25, 196^ " (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 Disccunts and Holdings during week advances Acceptances -6l4 916 Within 15 days 156 50 +199 3,392 16 days to 90 days 4 39 +426 91 days to 1 year 16,475 __ Over 1 year to 5 years 13,119 2,CP8 — Over 5 years +.0 10 years 290 -Over 10 years Total igo B9 36,280 +TI STATEMEKT OF CONDITION OF EACH FEDERAL RESERVE BANK OK NOVEMBER 25, 1964 H.4.1(h) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minne• apolis Kansas Dallas City San Francisco (In millions3 of dollars) A S S E T S 13,556 1,535 15,091 685 87 772 3,229 353 3,582 765 83 84b 988 138 1,126 995 127 1,122 709 91 800 2,363 279 2,642 526 62 588 262 27 289 672 60 732 65C 50 7CC 1,712 178 1,890 ^39 130 29 7 161 35 18 3 17 8 26 9 38 11 32 21 14 5 23 4 13 5 26 4 42 18 160 Discounts and advances Acceptances: Bought outright ^5 Held under repurchase agreements kk U. S. Government securities: Bought outright— Bills 5,925 „ Certificates Notes 25,133 Bonds 5,222 Total 36,280 -Eeld under repurchase agreements 23 8 2 7 17 37 * 15 10 19 21 -- 45 44 -- -- — -- -- -- — -- -- 314 1,436 322 502 417 329 1,011 233 118 213 219 811 -- -- -- -- -- -- -- -- -- -- ~- 1,333 277 1,924 6,094 1,266 8,796 1,364 284 1,970 2,131 443 3,076 1,769 367 2,553 1,397 290 2,016 4,287 891 6,189 989 206 1,428 498 104 720 903 187 1,303 926 192 1,337 3,442 715 4,968 -- -- -- -- -- -- -- -- -- -- -- Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash 1 — Total U. S. Government securities 36,280 1,924 8,796 1,970 3,076 2,553 2,016 6,189 1,428 720 1,303 1,337 4,968 Total loans and securities 36,529 1,947 8,893 1,972 3,077 2, 560 2,033 6,226 1,428 735 1,313 1,356 4,989 7,442 102 577 506 3 28 1,447 8 148 433 3 31 514 6 51 570 5 32 588 18 33 1,160 22 83 364 21 245 4 13 482 6 30 385 11 30 748 10 77 3,292 14,274 3,308 4,799 4,324 3,521 10,186 2,426 1,313 2,581 2,512 7,77^ Cash items in process of collection Bank premises Other assets TOTAL ASSETS 60,310 ^ ^ ^ ^ _ n ^ _ _ . . ^ . . . ^ _ _, ,_, , . §i ^ _ _ ^ , *Iees than $?CO,OOG. — • H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CN NOVEMBER 25, 1964 Total Boston New York Philadelphia Deferred availability cash items Other liabilities and accriaed dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ac(:ept ances purchased for fore:ign correspondents Richmond Atlanta Chicago St. Louis Minneapolis San Kansas Dallas | FranCity i cisco (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer-general a<2count Foreign Other Total deposits Cleveland 34,610 2,034 8,099 2,026 2,944 2,950 2,007 6,276 1,382 601 1>326 1,062 3,903 16,978 752 194 186 18,110 653 49 9 755 54 11 1 821 1,172 65 17 1 1,255 793 52 10 6 861 899 57 11 l 968 2,605 60 27 3 2,695 640 56 6 1 431 37 4 703 472 791 62 8 3 864 5,830 46 3 1,016 364 444 422 443 959 279 200 314 981 59 11 2 1,053 298 2,805 711 4,453 83 1/55 109 4,700 116 58,668 6 3,214 28 13,843 6 3,217 10 4,653 7 4,240 7 3,425 20 9,950 5 2,369 3 1,276 5 2,509 5 2,4l8 16 7,554 26 49 74 l4o 22 12 23 2 23 43 6 30 57 TO S- 31 56 9 I 522 990 130 : 60,310 - 123_ 25 47 6_ 3,292 137 264 3P__ 14,274 6 _.....|/3.3_. 29 55 J_. 47 90 9_ 18 34 _5__ * I_ lie 25 .59 3,00* 628 .,18 3,308 4,799 4,324 3,521 10,186 2,426 1,313 2,581 2,512 7,774 7 11 6 7 17 4 3 5 7 17 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 36,405 2,102 8,675 2,093 3,134 3,030 2,126 6,532 i7W~ 621 1,374 1,146 4,103 6,667 1 30,645 410 1,720 500 615 340 1,100 280 112 225 180 735 1,720 7,100 450 1 1,800 2,700 2,450 i,8co 5,600 515 1,200 1,000 3,500 37,313 2,130 8,820 2,251 3,200 3,065 2,140 6,700 1,260 1,540 627 1,425 1,180 4,235 1/ After deducting $139 million participations of other Federal Reserve Banks. 2/ After deducting $ 90 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER