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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate re le a se October 24* 1963 The average of daily figures of total member bank reserves held during the week ended October 23 decreased a net of $11 million to $19>976 million. Estimated currency and coin of member banks increased $23 million and their reserve balances at the Federal Reserve Banks decreased $34 million* Estimated required reserves decreased $56 million; and estimated excess reserves increased $47 million to $430 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $69 million* compared with the revised figure of $74 million the week before. The principal changes reducing avero.ge reserve balances with Federal Reserve Banks were decreases of $295 million in U* S. Government securities bought outright and $263 million held under repurchase agreement. The principal offsetting changes were increases of $363 million in Federal Reserve float and $52 million in member bank borrowings * and decreases of $70 million in currency in circulation and $47 million in "other11 F. R. accounts (net). Total Reserve Bank credit decreased $148 million. As of bought outright securities held bank borrowings Wednesday* October 23* holdings of U. S. Government securities were $62 million lower than a week earlier* U* S. Government under repurchase agreement were $78 million lower* and member were $102 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 agreement Acceptances-Bought outright Held under repurchase agreement Discounts and advances— Member hank 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) Averages of daily figures Week ended Change from week ended Oct. 24, Oct. 16, Oct. 23; 1962 1963 1963 millions of dollars) 32,226 -** 4l -- +2,295 “*— + - + -263 3 9 361 31 1,930 34,589 15,581 5,583 55,752 + 52 + 1 +363 1158 - 2 + l 36,165 394 915 171 - 70 + 2 - 15 + 21 - 6 - 47 -115 188 1,060 387893 Member hank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) -295 16,860 3,116 19,976 19,546 430 -150 - 34 + 23 - 11 - 58 + 47 6 — Wednesday Oct. 2; 1963 32,273 41 —~ 275 + 305 + 20 - 153 +2,473 - 471 + 32 +2,034 30 1,398 35,017 15,583 5,587 55,187 + 2,050 36,145 4 4oi 823 196 183 + 396 40 - 127 + 376 + 2,651 1,059 387807 616 16,380 234 382 307 75 3,456 19,836 19,507 329 + - On October 23* 1963* U- S. Government s e c u r itie s held in custody by the F ed eral Reserve Banks fo r fo reig n account were $8*138 m illion * an in cre a se of $194 m illio n fo r the week and an in crease of $9^7 m illio n from the comparable date a y ear ago. H-4.1.(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) let. 23, 1963 A S S E T S Gold certificate account Redemption fund for F. R • notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities * (^55) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES c a p i t a l 13,952 1,3M+ 15,296 + 16 12 4 + - 303 305 + - 15 102 + 149 4l — + 1 6 + 7 3,030 - 62 13,993 4,538 32,273 -32,273 (1,313) 32,619 5,540 57^ 136 436 65 7 62 + 772 +1,170 + 91 + 407 +2,44o 78 i40 +2,440 - 247 + 2,596 10,712 Total loans and securities gash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Oct. 24, Oct. l6, 1962 1963 .. _ — -— + (1,768) 104 437 54,299 -1,078 -+ 17 -1,297 (5-55) 30,975 - 97 +1,990 16,380 - 307 + - 49 30 363 4,142 78 52,777 - 831 488 934 + 823 196 183 17,582 (1,313) (1,768) a c c o u n t s Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1 ,76 8 ) . 100 .— 54,299 54 ,299 4 -1,315 1 -+ 17 -1,297 305 2 - 281 +2,115 + 587 328 21 - Il4 - -395 + 431 + 6 +2,033 + 25 + 46 + 11 +2,115 Ratio of gold certificate reserves to deposit andF. R. note liabilities combined (com puted from figures as shown on the fol - 2.0$ + -3$ 31 -2$ lowing pages--not consolidated) Contingent liability on acceptances purchased _____ ^ for foreign correspondents 104 1 * Figures~!n 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, OCTOBER 23, 19p 3 (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 Acceptances advances -150 358 6 Within 15 days 273 +193 5,877 35 2 l6 days to 90 days -183 12,695 30 91 days to 1 year - 10,909 Over 1 year to 5 years - 2,225 Over 5 years to 10 yea: mm _______ 209 Over 10 years 7153 32,273 sr Total 305 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23, 1963 H.U.l(h) Boston Total New York Phila delphia Cleveland Rich mond St. Louis Atlanta Chicago Minne apolis Kansas Dallas City San Fran cisco (In millions of dolJLars) a s s e t s Gold certificate account Redemption fund for F. R* notes Total gold certificate reserves 13,952 15,296 * ritro \jrO V c l I l l l i t - l l u C o c c t u Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 119 is 2 ,1+29 7I+I i,oii 78 819 . 523 __51*577 23S 2,668 225 615 - 29— 25I+ 666 1,997 53l+ j + i _ --II+5— 2, ll+2 577 63 26 23 22 3l+ 23 27 1+3 13 17 38 11 15 9 19 11 1+6 1+3 1+ 66 18 5 15 1+7 70 3 2 1+1 27 7 in -- 1+1 — 160 10,712 565 738 751 2 ,651+ 120 3,030 305 C! D * 1+0 895 116 17 Discounts and advances Acceptances: Bought outright U. S* Government securities: Bought outright- Bills Certificates Notes Bonds Total Held under repurchase agreement U * 769 321 3,782 709 1,129 118 75 78I+ 1,21+7 61+ 17 1+55 303 tt 3 ,1+61 1 il+l+ ------M— 75 F. R. notes of other Banks Other cash m G x O u S tX 69I+ l68 59l+ 777 509 1,800 tm — 127 1+1+8 58I+ 556 1+00 1 ,1+15 1,81+8 600 620 180 1,302 190 1,31+9 1,282 l+,263 122 1+32 565 ___ 181_ 58 206 269 1+26 1J5BT "27668 1,791 7,996 1,681 2,668_ 2,195 1,791 ,5j+23_. 1,302. 620 -iait9 1,282 1+1263 8,103 1,699 2,673 2,210 1,838 5,1+93 1,305 622 1,309 l+,270 1,707 1+78 1+23 528 1,0 61+ 3 23 7 37 539 5 28 517 350 12 3 22 1,255 8 109 71+1+ 10 3,037 13,1+39 3,013 l+,535 3,838 3,272 32,273 1,703 32,619 6,853 56,067 206 729 952 « — 3C8 2,195 3,1+67 l,12l+ 7,996 l 251 885 — -- --- 2,351 763 5,1+23 13,993 21+0 ^,538 32,273 *17703 io4 158 558 729 _ _ 236 1,157 375 252 16 25 23 71.. 9,389 322 6 18 2,258 8,7____ 1,390 21+1 392 1+ 7 9 __2S_ 1,179 2,1+97 1 9 2,297 SR 7,313 H.4.1(e) ..... STATEMENTOF- CONDITION OF EACH. EEDERAL RESERVE BANK OK' OCTOBER 23, 1963 T o ta l l i a b i l i t i e s F ed eral Reserve n o tes B e p o sits: Member hank re se rv e s U. S- T re a su re r-g e n e ra l account Foreign Other T o ta l d ep o sits D eferred a v a i l a b i l i t y cash item s Other l i a b i l i t i e s and accrued iviX U .C U U .D UIV TOTAL LIABILITIES Boston P h ila delp h ia New York Cleve land Rich mond A tlan ta Chicago S t. Louis Minneap o lis Kansas D allas C ity San Fran c is c o (in m illio n s of d o lla r s ) 1 31,$30 l,8Uo 7,519 1,623 2,70l* 2,576 1,811 5,708 1,285 566 1,220 9$9 3,$29 16,380 823 19b 183 17,582 620 63 700 2, $56 107 25 3 2,591 597 53 6 1 83$ 60 w r 5, $55 1*29 917 3$$ 1*28 398 $27 859 260 392 18$ 8 2 90$ 905 5$ 10 1 970 2,893 89 2$ $ 78$ 86$ 70 10 1 9 $5 3$$ l 756 1,199 1*1 17 1 1,258 69$ 77 9 692 $,27$ 120 1/61* 121 $, 579 30$ 287 618 78 5$, 5$5 l* 2,965 18 1* 2,927 7 $,397 $ 3,762 $ 3,187 $ 11 7,112 1*88 93$ 100 23 1*1* 5 28 $5 28 51 6 69 132 9 * 13,033■ 1*5 10 1$ ______i_ 2,205 9,172 hk h * 2 1,1$$ ______3_ 2, $31 2,210 $8 3705T CAPITAL ACCOUNTS C a p ita l paid in Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent l i a b i l i t y on a c c e p t ances purchased fo r fo reig n c o rre spondent s 56,067 10$ .. 130 251 25: 5$ 87 k 6 2$ $$ 8 16 21 28 ko $ 11 22 2 5 53 6 6$ 12$ 13 17 32 3,037 13,1*39 3,013 $,535 3,838 3,272 9,389 2,258 1,179 2 ,$97 2,297 7,313 _ L 2/28 6 10 5 6 15 3 2 k 6 1$ FEDERAL RESERVE AGENT'S ACCOUNTS F . R. n o tes outstanding C o lla te r a l fo r F . R. n o te s: Gold c e r t i f i c a t e account E lig ib le paper U. S. Government s e c u r i t i e s T o ta l c o l l a t e r a l 32,932 1,907 7,891 7 ,0 $ 6 59 26,93$ $33 1,600 1,51$ 3$,039 1,9$7 1,896 $25 3 6,$00 1,600 8,000 2,028 2,865 2,702 1,89$ 5,888 l,3$$ 656 1,256 1,03$ 3,599 580 590 $00 1,300 310 118 205 800 1$ 2,1$5 1,550 550 875 2,7$9 1,950 $,800 6,100 285 $0 1,000 668 1,325 3,000 3,800 2,$00 2,980 1/ After deducting $132 million participations of other Federal Reserve Banks. 2/ After deducting $ 76 million participations of other Federal Reserve Banks. 2 1,100 1, $12 1,080 * Less than $500,000.
@FedFRASER