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FEDERAL RESERVE Factors Affocting lank Reserves aad Coaditioa StatoaioNt of F.R. Books h f’oi* immediate release November 29 , 19^3 .4 .i The average of daily figures of total member bank reserves held during the week ended November 27 decreased $268 million to $1 9 ,9 5 9 million. Estimated currency and coin of member banks decreased $31 million and their reserve balances at the Federal Reserve Banks decreased $257 million. Estimated required reserves decreased $59 million; and estimated excess reserves decreased $229 million to $277 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $77 million, compared with the revised figure of $75 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $231 million in member bank borrowings, $63 million in U« S. Government securities held under repurchase agreement, and $54 million in Federal Reserve float, and an increase of $150 million in currency in circulation. The principal offsetting change was an increase of $245 million in U- S. Government securities "bought outright. Tota3* Reserve Batik credit decreased $123 rAillion. As of bought outright securities held bank borrowings Wednesday, November 2 ?, holdings of U- S. Government securities were $247 million higher than a week earlier, U- S. Government under repurchase agreement were $25 million higher, and member were $l8l 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 agreement Acceptances— bought outright 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 Week ended Nov. 27 , 1963 Un 33,018 93 43 200 33 2,126 35^512 15,582 _ 5 ,5 9 3 5 6 ,6 8 7 36,872 386 1,006 151 199 1,250 3 9 ,8 6 4 16,823 3 ,1 3 6 1 9 ,9 5 9 19,682 277 of daily figures Change from week ended " Nov. 20, Nov. 2 &, 1962 1963 millions of dollars) Wednesday, Nov. 27 > • 1963 ; +245 - 83 - 1 + 3 ,0 2 4 + 75 + 7 3 3 ,1 9 4 132 43 -2 3 1 + 2 - 54 -123 -- + 105 + 25 + 17 + 3 ,2 5 3 - 396 + 42 568 +2,899 37 1 ,46 $ 3 5 ,4 4 2 1 5 ,5 8 3 5 ,5 9 5 56,620 +150 - 17 - 39 + 7 - 9 + 39 +2,069 37,228 14 +131 + 2 ,6 7 3 396 942 160 174 1,2$ 4 o,l60 -2 5 7 - 31 -288 - 59 -229 + + + + - 1 6 ,4 5 9 3 ,5 7 6 2 0 ,0 3 5 1 9 ,8 3 6 199 - _3 -125 + + 518 63 63 227 226 103 329 602 273 On November 2 7 , 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8 ,4 5 4 million, an increase of $125 million for the week and an increase of $ 1 ,3 1 5 million from the com parable date a y°er ago. ... OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Nov. 27 , Change since Ncv. 28 , Nov. 20 , 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 U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 1 3 ,9 2 9 1 ,3 6 5 .15,29s 240 605 53 (290) 17 17 + 186 5 + - 536 124 412 + + 502 77 7 + 247 + + + 247 25 272 +1,588 -6 ,1 1 9 +7,020 + 646 + 3,1 35 + 132 +3,267 3 3 ,9 7 5 + 458 + 3 ,7 7 6 -1,669 (1 ,3 5 5 ) 5 ,0 5 9 104 270 54 ,95 ! + 16 -1,200 572 l - 131 +2 ,5 8 3 (290) 3 1 ,9 8 1 + 437 +2,289 1 6 ,4 5 9 942 160 175 1 7 ,7 3 5 3 ,5 9 1 93 5 3 ,4 0 0 + 507 76 9 21 - 595 -1,068 + 5 -1,221 + + 492 + + 28 + 46 + 13 +2 ,583 (1,055) 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 + 3 ,8 2 9 7,066 1 7 ,6 7 9 4 ,6 2 0 3 3 ,1 9 5 132 3 3 .3 2 5 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1962 1963 1963 (1 ,0 5 5 ) (1 ,3 4 5 ) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1 ,3 ^5 ) 935 115 5 4 ,9 5 1 - 132 390 49 89 7 -1 5 5 - 192 + 15 + 2 ,49"b 2 + 19 -1,200 R atio of gold c e r t i f i c a t e re se rv e s to dep osit and F . R. note l i a b i l i t i e s combined (com puted from fig u re s as shown on the f o l - 2 .5# 30.6# lowing p a g e s--n o t co n so lid ated ) Contingent liability on acceptances purchased 15 103 f o r fo reig n correspondents ..... ________ * F ig u res in parentheses a re the elim ination s made in the co n so lid a tin g p ro cess; see comparable fig u re s on combined b a sis on the follow ing p a g e s ..... ................... MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 2 7 , 1963 (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 - 58 779 Within 15 days 567 13 +221 5,860 l6 days to 90 days 38 30 +109 1 5 ,7 3 9 91 days to 1 year 8 , 1*52 Over 1 year to 5 years 2,277 Over 5 years to 10 years 219 Over 10 years +272 3 3 ,3 2 6 605 5f Total - ......................... ............... miiwii ■ ■'■ . ■' ■'■ ~ ’ J ' n_ _ _ ^ 4- ^ 4 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(h) Boston Total New York Phila delphia Cleveland Rich mond NOVEMBER 27, 1963 Atlanta Chicago St. Louis Minne apolis Kansas Dallas City San Fran cisco ' (In millions of dollars) A S S E T S 734 83 5 TT“ 553 52 605 608 12 8 16 15 37 8 9 36 39 66 18 19 79 51 86 -- ~~ 554 56 6Io“ 785 78 863 3 ,3 2 4 327 3 ,6 5 1 790 78 868 1 ,0 6 9 122 1 ,1 9 1 972 111 1 ,0 8 3 F- R. notes of other Banks Other cash 290 19 16 63 51 19 11 11 11 15 l4 30 21 21 11 37 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 605 9 72 38 57 58 52 43 -- — -- 3 ,8 2 9 7,066 1 7 ,6 7 9 4 ,6 2 0 33,194 112 201 322 355 889 232 1,668 966 1,782 4 ,4 6 0 1,166 8 ,3 7 4 132 370 927 242 1 ,7 4 0 — Total 11. S. Government securities 33,326 1,668 8,506 Total loans and securities 3 3 ,97*1 1,677 6 ,ll4 ic4 270 56,286 240 1 Cash items in process of collection Bank premises Other assets TOTAL ASSETS ^3 — 237 2 ,5 5 8 ' 43 651 — -“ 1 ,8 2 0 -- 635 1 ,1 7 2 2 ,9 3 4 767 5 ,5 0 8 "**" 152 28l 708 184 1,320 “■** 77 143 356 93 669 154 284 710 185 1 ,3 3 3 154 283 708 185 1 ,3 3 0 509 939 2 ,3 4 9 6 l4 4 ,4 1 1 2,227 1,820 5 ,5 0 8 1,320 669 1 ,3 3 3 1 ,3 3 0 4 ,4 ll 2 ,8 5 1 2 ,2 8 5 1,872 5 ,5 7 4 1 ,3 3 8 688 1 ,4 1 2 1,381 4 ,4 9 7 4 oo 3 15 449 7 24 431 937 23 4l 248 6 10 197 4 5 351 7 13 285 12 13 715 10 l6 465 16 l4 3 ,0 9 4 4 ,5 4 4 3 ,8 4 9 3 ,2 3 5 9 ,1 9 1 2,238 1,223 2 ,4 o 8 2 ,3 6 7 7 ,4 4 6 595 1 ,4 8 8 389 2 ,7 9 4 -- 257 474 1,186 310 2,227 — 1 ,7 4 0 2 ,7 9 4 8,621 1 ,7 7 8 433 3 l4 1 ,2 0 3 8 69 3,025 13,666 192 1 ,9 6 4 149 2 ,1 1 3 255 29 284 2,321 1 3 ,9 2 9 1 ,3 6 5 1 5 ,2 9 4 Gold certificate account Redemption fund for F. R. notes Total sold certificate reserves 5 210 388 969 253 36 H,k.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 27, 1963 Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne Kansas apolis City Dallas San Fran 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 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 accept ances purchased for foreign correspondents 578 1,238 959 3 ,5 2 8 kn 5k 1 ,0 0 7 82 8 1 1 ,0 9 8 139 803 6k 6 2 875 22k 2 ,9 5 7 116 19 k2 3 ,13 ^ 566 k 2,185 2 1,188 k 2 ,3^1 2,280 17 32 21 28 ko k 11 22 2 53 6. 2, k08 1 ,3 H 3 2 ,2 7 1 1,891 7 ,7 9 1 1 ,8 7 5 2,768 2,652 1,866 5,81k l6 ,k59 9 k2 l6 o 17 k 707 k8 k, 138 l,lk9 83k 56 8 626 1/56 719 kk 7 2,380 7 * 762 728 5k 8 1 91 20 k,k98 9kk 1 899 378 2 2 ,k93 6k9 ' k69 29k 3 773 3kl 57 5 * 688 182 6 5 3,lk8 15 8 ,9 7 1 28 791 336 91 13 2 1 ,2 5 5 37 k 5 ____ 93 .._____ 5- ____2k . 3,007 5 k,7 k5 2 ,9 5 2 1 3 ,2 5 7 7 k,kOk 1 7 ,7 3 5 k, 6k6 k92 93 k 115 56,286 103 185 119 130 251 ____ 28 _ 5 2k kk 3 ,0 2 5 5 28 5^ 3 ,7 7 2 3 1 9 51 8 70 132 18 k,5kk 3 ,8 k9 3 ,2 3 5 9 ,1 9 1 2,238 1 ,2 2 3 10 5 6 lk 3 2 5 ,9 7 6 1 ,3 7 6 603 k5 5 87 8 13,666 3,09k 2/28 6 2k kk 6 219 k 12 7,2k0 66 12k 16 2 ,3 6 7 7,kk6 6 lk 1 ,2 7 1 1 ,0 2 8 3 ,6 6 3 119 267 205 800 500 1,100 875 3,000 619 l,kkk 1,080 3,800 k 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 1 ,9 5 0 8,109 1 ,9 2 9 2 ,9 3 7 2 ,7 6 5 7,16k 180 2 7 .32 k k03 1,700 k25 610 kco 1,300 11-7.y571k _ - 6,600 1,600 2,k00 625 56 2 ,1 7 5 1,600 k,800 310 17 1,100 3k,668 1,977 8,300 2 ,0 5 5 3,010 2,856 2,000 6,100 l,k27 30 l/ After deducting $ 10 k million p.articipa tions of other Federal Reserve Banks. 2 / After deducting $ 75 million participations of other Federal Reserve Banks. 1 ,9 5 6 33,563 77 *Less than $5 0 0 ,0 0 0
@FedFRASER