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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1"*"* For immediate release October 15, 1964 The average of daily figures of total member "bank reserves held during the week ended October ik decreased a net of $290 million tc $20,9Jk million* Estimated currency and coin of member banks increased $96 million and their reserve balances at the Federal Reserve Banks decreased $386 million. Estimated required reserves decreased $276 million; and estimated excess reserves decreased $1^ million to $425 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $186 million, compared with the revised figure of $69 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $131 million in member bank borrowings and $79 million in U. S. Government securities held under repurchase agreements, and increases of $256 million in currency in circulation and $27 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $55 million in Federal Reserve float, and decreases of $75 million in "other" F. R. accounts (net) and $27 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $175 million. As of bought outright securities held bank borrowings Wednesday, October lk, holdings of U. S. Government securities were $5^1 million lower than a week earlier, U. S- Government under repurchase agreements were $183 million lower, and member were $133 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Discounts and advancesMember 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 P. 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) 1 Average;s of daily figures I Week ended Change from week endedjWednesday, Oct. 16, 1 Oct. l4, Oct. 14, Oct- 7, 1964 196k 1964 1963 millions of dollars) (In 35,532 131 4l 56 - 17 - 79 +3,011 - 132 + - + + 3 5 35,111 26 3 47 40 52 239 2 -131 70 «• 1,875 37,876 15,462 5,54l 58,879 + 55 -175 - 1 - 13 -188 28 + 308 +3,139 - 121 41 +2,977 77 2 1,9C0 37,208 15,463 5,543 58,214 38,465 +256 + 13 + 27 + 2 - 27 - 75 +198 +2,230 + 78 65 17 17 79 +2,132 | 38,546 482 1 1,042 130 201 960 1 4T7361 -386 + 96 -290 -276 - l4 + + + + 470 865 133 177 1,028 4l,l40 17,739 3,235 20,974 20,549 U25 + 16,852 3,763 20,615 20,366 39 I 49 845 i4o 985 946 On October l 4 , 1964, U. S. Government s e c u r i t i e s held in custody by the Federal Reserve Banks for foreign account were $8,383 million, a decrease of $10 million for the week and an increase of $439 million from th§. comparable date a year ago. H, 4* 1(a) CONSOLIDATED STATEMENT OF CONDITION CF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Oct. I**, Change since Oct."T^ Oct. 167 1964 ,, _ j 9 6 j . ASSETS Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U, S. Government securities 13,677 1,502 15,179 (514) 150 79 40 52 TOTAL ASSETS • 5^1 25,133 5,222 35,111 - 26 35,137 35,308 - 541 183 724 + 1,664 -10,712 +11,140 + 684 + 2,776 52 + 2,724 + 2,442 (1,450) 6,953 - 867 +1,211 102 641 (1.964) 5^73^3 + 49 + 185 335 2 + 221 + 2,737 + + 2,280 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 291 ITO 121 138 328 + - * - - . 10 46 4,756 Total loans and securities Cash items in process of collection Bank premises Other assets 12£L 11 + 6 5 3 - I33 (51*0 33/352 172 + 16,852 1,042 130 -1,065 + 420 9 + + 165 124 17 201 157225 (1,450) 5,053 103 (1,964) 56,733 3 - 657 + 946 7 + 454 + + + £2 2^0 80 21 TTJSZl CAPITAL ACCOUNTS Capital paid in 520 1 + 3 3 Surplus 99O -+ 5*6 Other capital accounts 90 - 70 + 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,964) 58,333 +' 385 + 2,737. Ratio of gold certificate reserves to deposit ~ "~ and F. R# note liabilities combined (computed from figures as shown on the following pages--not consolidated) 29.1$ + • 3$ * 1*8$ Contingent liability on acceptances purchased for foreign correspondents 124 - 2 + 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 CF LOANS AND SECURITIES, OCTOBER 14, 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 Discounts and advances Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total ** Less than $500,000, 74 5 Acceptances 61 31 ## — — — — -— — 79 92 Holdings 67O 9,016 9,982 13,091 2,053 Changes during week -218 -328 -178 --- 325 35,137 ^724" E.4.1(b) STATEMENT OF CONDITION COr Muri f ^ M L Total Boston New York Philadelphia RESERVE BANK ON OCTOBER 14, 1Q64 Cleveland Richmond Atlanta Chicago 1 "" St. Louis Minne- Kansas Dallas apolis City San Francisco (in A S S E T S 1,098 3,192 696 82 778 37 8 198 39 31 4 4 Discounts and advances 79 Acceptances: -Bought outright 40 Held under repurchase agreements 52 U. S. Government securities: Bought outright— Bills 252 ^,756 --Certificates Notes 25,133 1,331 5,222 Bonds 277 Total ! 1,860 |35,U1 Held under repurchase agreements 26 -- 4 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 13,677 1,502 15,179'" F. R. notes of other Banks Other cash 51* 150 736 85 821 2,846 346 2,751 584 60 644 264 27 291 556 58 614 647 49 696 2,179 140 998 126 1,238 1,124 763 88 851 21 9 35 15 36 13 28 23 14 5 37 5 11 7 26 4 40 18 1 * 7 39 3 3 4 5 8 --.-. •-- -- 2,479 272 2,010 I69 40 52 -" -- -— --- -- -- _-- l,i4o 257 395 334 268 8o4 186 93 191 180 656 -- -- -- -- -- .- -- •- _- -- -- 6,024 1,252 8,4l6 1,356 2,089 1,764 1,414 4,250 366 293 883 951 198 3,469 434 1,894 2,918 2,464 1,975 5,937 494 103 690 1,CC9 281 982 204 1,372 1,329 4,846 26 _~ -- -.- __ -._ _- -- «.- 210 1,410 721 _- Total u. S. Government securities 35,137 1,860 8,442 1,89^ 2,918 2,464 1,975 5,937 1,372 690 1,410 1,329 4,846 Total loans and securities 35,308 1,864 8,538 1,895 2,919 2,464 1,982 5,976 1,375 693 1,414 1,334 4,854 500 3 1,704 6C0 6 55 629 5 33 5^9 3 35 4o 618 18 36 1,445 8 160 22 100 399 6 24 267 4 14 512 6 29 397 11 29 783 10 86 3,266 13,839 3,295 4,848 4,312 3,554 10,345 2,467 1,311 2,593 2,497 7,970 Cash items in process of collection Bank premises Other assets TOTAL ASSETS ! 8,403 102 64l f 60,297 *Less than $500,000. H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANT ON" OCTOBER 14, 1964 Total Boston New York Phila- Cleve- RichSt. delphia land mond Atlanta Chicago Louis (In millions of dollars) LIABILITIES 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 acceptances purchased for foreign correspondents F. R. notes outstanding C o l l a t e r a l for F. R. n o t e s : Gold c e r t i f i c a t e account E l i g i b l e paper U. S. Government s e c u r i t i e s Total c o l l a t e r a l 33,866 1,983 7,976 1,959 16,852 1,042 i 130 f 201 649 44 6 706 53 7 ilb,225 699 3,947 231 1/34 118 4,330 ' 6,503 \ 503 1,087 5 3,190 25 13,418 25 136 264 * 103 58,697 ' i 520 990 1 90 47 4 2,870 2,848 1,953 6,146 1,353 592 1,312 1,041 3,833 1,222 86 12 2 * "768 •' 1,320 782 64 7 9 2,660 96 18 2 2,776 664 81 5 416 47 3 1 751 * 862 959 48 7 1 1,015 820 56 6 2 975 92 7 2 3,052 144 18 64 3,278 473 506 515 487 1,176 304 215 323 6 3,206 9 4,705 7 4,232 6 18 3,461 10,116 4 2,412 1 1,274 4 2,523 2,405 4 14 7,755 74 140 15 18 34 3 12 23 2 23 43 4 30 57 5 70 132 13 29 55 5., .. .21 |6o*29J_ L ! L 2 6 6 „.13o8j9_ .. 3.,.295... 4.848 124 • 6 [B7W7^/>5l> .-|/.33„ . 6y4"8lF 7 2,020 26 47 90 6 . 49 ,5 4.312 30 56 T ,3,, 554,,,10.345 .,.2,467 6 ... . 7 . 11 18 4 FEDERAL RESERVE AGENT'S ACCOUNTS 3,046 2,918 2,048 6,378 1,432 400 1,670 425 500 595 340 1,100 2,070 6,950 8,620 1,700 2,125 2,700 3,200 2,375 2,970 1,750 2,090 5,4CO 6,500 1/ After deducting $ 96 million participations of other Federal Reserve Banks. 2/ After deducting $91 million participations of other Federal Reserve Banks. " San Minne- Kansas FranDallas apolis City cisco 270 3 1,210 1,483 1,076 284 630 1.311 . 2,593__2,497-.. 7,970 3 . . .5... 616 1,356 112 225 4 1,200 1,429 510 622 * Less than $500,000. 7. XL 1,124 4,017 180 735 1,000 1,180 3,500 4,235
@FedFRASER