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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1**" For immediate release November 5, 1964 The average of daily figures of total member bank reserves held during the week ended November 4 increased a net of $457 million to $21,227 million. Estimated currency and coin of member banks decreased $73 million and their reserve balances at the Federal Reserve Banks increased $530 million. Estimated required reserves increased $291 million; and estimated excess reserves increased $166 million to $48l million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $5 million, compared with the revised figure of $85 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $731 million in U. S. Government securities bought outright and $69 million in these held under repurchase agreements and $246 million in member bank borrowings, and a decrease of $144 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $360 million in Federal Reserve float and increases of $184 million in "other" F. R. accounts (net) and $111 million in currency in circulation. Total Reserve Bank credit increased $708 million. As of bought outright securities held bank borrowings Wednesday, November 4, holdings of U. S. Government securities were $491 million higher than a week earlier, U. S. Government under repurchase agreements were $244 million higher, and member were $94 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. 8. 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 Eank 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. 6~7 Nov. 4, Oct. 28, "' Nov. 4, 1964 1964 1963 1964 (In millions of dollars) 35,642 69 +731 + 69 +2,820 - 140 35,709 244 39 47 + 2 + 20 5 29 40 5^ 476 3 1,635 37,911 15,462 5,505 587BTS +246 + 72 27 + 320 +3,069 - 8 +700 88 +2,860 407 2 1,187 37,643 15,^63 5,497 5B7503 38,444 488 +111 + 21 -144 - 15 + 12 +184 +2,193 + 100 - 157 34 4 + 90 + +2,196 38,622 490 546 131 197 1,171 Si,157 +530 - 73 +^57 +291 +166 + 663 + 398 +1,061 +1,009 + 52 17,446 3,485 20,931 20,900 31 666 122 197 1,109 41,026" 17,851 3,376 21,227 20,746 481 -36O +708 4- - 121 On November 4, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,176 million, a decrease of $345 million for the vieek and a decrease of $1.8? million from the comparable date a year ago. .4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Nov. 4, 1961+ A S S E T S told certificate account ledemption fund for F. R. notes Total gold certificate reserves 3ash Discounts and advances Acceptances: Bought outright Held under repurchase agreements 13,680 1,497 15,177 (531) 151 409 ^° 54 U. S. Government s e c u r i t i e s : Bought o u t r i g h t - Bills Certificates Notes Bonds HeldTunder repurchase o t a l bought o u t r i gagreements ht T o t a l U. s . CTpvernment s e c u r i t e s T o t a l l o a n s and s e c u r i t i e s Cash items i n p r o c e s s of c o l l e c t i o n Bank p r e m i s e s Other a s s e t s TOTAL ASSETS L I A B I L I T I E S F e d e r a l Reserve n o t e s ~ Deposits: Member bank r e s e r v e s U. S. Treasurer—general account Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 5 - 3 - & - 3 ~ 94 + - 2 7 7 + 1^.9 128 + 3 30 a +10 5,35^ +491 25A33 5,222 o 44 35,7p9 35»953, 36,456 „+244 ." +4-91 ±735, + 1,780 -10,712 +11,100 + 602 + 2,77-0 116 + 2,65^ + 2,828 + 559 - 2 20 (l,9l6) 5,993 102 504 5^73^3 +591 + 3,109 (531) 33,480 +267 + 2,179 - 3^ + ^75 17, kh6 Foreign C A P I T A L Capital paid in (1,385) Change since Oct, 28, Nov. 6, 1964 1963 .1 131 546 197 1^7320 (1,385) 4,806 HI U,9l6) ^ T f r f - 20 -i64 + 14 ^204 +501 ± I +571 :o - 130 + 10 + 329 + 479 ± i° + 3.005 ACCOUNTS Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS d,9l£) 521 990 155 58,383 — — + 20 ±591 + 3J + 56 + 17 ± 3> 1 0 2 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shewn on the following pages--not consolidated) 29*0$ ~ 1.8$ Contingent liability en acceptances purchased for foreign correspondents 125 - 3 + 2 0 * 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 4, 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 Di*3counts and Acceptances Holdings advance\B during week Within 15 days 405 7,401 £5 -5,998 16 days to 90 days 2,893 29 4 + •> 60 — -91 days to 1 year 10,ICO — — Over 1 year to 5 years 13,091 --Over 5 years to 10 years 2,053 „ -Over 10 years 325 + 735 409 Total 35,953 9* STATEMENT OF CONDITION OF FACH FEDERAL RESERVE EANK ON NOVEMBER 4, 1964 H.4-lO>) Total 'Boston ASSETS Gold certificate account Redemption fund for F. R. notes Total geld certificate reserves New York Philadelphia St. RichCleveAtlanta Chicago Louis land mond (In millions of dollars) Minne- Kansas apolis City Dallas 1 San Francisco ! 13.680 1^97 15A7T I 655 85 740 3,296 346 3,642 852 82 934 531 1 45 9 191 40 29 4 F. R- notes of other Banks Other cash i 151 Discounts and advances 23 94 Acceptances: k09 Bought outright 4C Held under repurchase agreements | 1*0 54 U. 8. Government securities: 5k Bought outright-Bills 294 285 1,263 Certificates 5,354 Notes 1,380 5,932 1,336 25,133 Bonds 1 286 . 1,-233,. 278 5,222 Total 135,709 j"l,960* 8,428 1,899 Held under repurchase agreements : 244 244 1,076 982 120 139 1,215 " 1,102 761 87 848 2,545 270 2,815 554 59 613 238 27 265 525 60 25 9 36 l4 39 12 32 23 14 4 35 5 13 6 30 3 42 22 5 9 16 199 6 32 16 452 371 283 937 2C8 104 212 202 7fc3 2,121 44o 3,013 l,74l 362 2,474 1*328 4,402 275. 915 1,866 6,254 976 203 1,387 488 102 694 997 207 1,416 947 197.. 1,346 3,485 724 4,952 585 1,660 536 173 49 585 " 1,833 1 Total U. S. Government securities 35,953 1,960 8,672 1,899 3,013 2.474 1,886 6,254 1,387 694 1.4i6 1.346 4,9^2_ Total loans and securities 36,456 1,983 8,86c i,9cc 3,018 2,483 1,9C2 6,453 1,388 701 1,422 1,378 4,968 560 1,294 8 120 513 3 26 542 6 43 585 581 18 27 1,188 22 85 366 6 20 253 420 6 23 368 11 708 10 14,155 3,409 4,858 4,259 3,427 10,618 2,411 1,272 2,475 2,3.°4 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 7,'378 102 1 504 | 60,299 3 28 3,368 34 4 a_ ia_ 7,653 H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 4, 1964 Total Boston New York Philadelphia 34,011 Federal Reserve notes Deposits: 17,446 Member bank reserves 546 U. S. Treasurer-general account Foreign 131 Other 197 :18,320 Total deposits Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orre spondent s Atlanta Chicago St. Louis Minne- Kansas apolis City I ' Dallas San Francisco (In millions of dollLars) L I A B I L I T I E S Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Cleve- Richmond land Ill 7,997 1,973 2,873 2,886 1,965 6,167 1,362 596 1,316 1,046 3,844 779 43 5 4,356 92 1/43 119 829 26 881 52 7 2 942 628 17 4 2 3,019 649 419 23 3 1 446 779 34 5 3 922 37 7 863 743 39 6 8 796 2,937 63 17 4,610 1,336 42 11 * 1,389 2,837 78 16 59 2,990 1,08C 475 439 486 417 1,173 339 190 261 5 9 3,3~lo~ 4,710 7 57175 6 19 3,330 10,378 4 2,354 2 1,234 2,402 74 14c 26 18 34 5 12 23 23 3 3,427 10,618 2,411 18 4 l 828 470 6,191 ! 1,986 • 5 30 37289 13,717 58,633 7 i #• 821 4 1 967 281 580 5 2,299 15 7,429 43 7 30 57 8 70 132 1,272 2,475 2,394 7,653 3 6 7 17 1 521 990 : 155 25 137 264 37 47 7 |6cji299_ 3,368 14,155 ! 125 6 2/33 29 55 9 11 26 49 9 3,409 4,858 4,259 7 11 6 47 90 30 56 11 7 22 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 35,649 2,056 8,508 2,037 3,063 2,954 2,059 6,419 1,430 619 1,352 1,117 4,035 6,552 4oo 1,670 595 340 1,100 225 180 735 6,950 2,700 2,395 1,750 5,600 270 1 1,210 112 1,670 425 1 1,700 500 2 30,190 515 1,200 1,000 3,500 36,744 2,070 8,620 2,126 3,200 2,990 2,090 6,700 1,481 627 1,425 1,180 4,235 1/ After deducting $88 million participations of other Federal Reserve Banks, 2/ After deducting $92 million participations of other Federal Reserve Eanks. *Less than $500,000.
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