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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks E.k.i'"" For immediate release October 29, 1964 The average of daily figures of total member bank reserves held during the week ended October 28 decreased a net of $230 million to $20,758 million. Estimated currency and coin of member banks increased $109 million and their reserve balances at the Federal Reserve Banks decreased $339 million. Estimated required reserves decreased $111 million; and estimated excess reserves decreased $119 million to $296 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $66 million, compared with the revised figure of $35 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $553 million in Federal Reserve float, $150 million in member bank borrowings, and $25 million in Treasury currency outstanding. The principal offsetting changes were an increase of $27 million in acceptances held under repurchase agreements, and decreases of $202 million in Treasury deposits with Federal Reserve Eanks, $99 million in currency in circulation, $4l million in '''other" F. R. accounts (net), and $22 million in Treasury cash holdings. Total Reserve Bank credit decreased $675 million. As of Wednesday October 28, holdings of U. S. Government securities bought outright were $455 million higher than a week earlier and member bank borrowings were $668 million lower. Member bank reserves, Reserve Eank credit, and related items Reserve Eank 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 Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Eanks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, Oct. 28, Oct. 30, Oct. 21, Oct. 28, 1964 1964 1964 1963 (In millions of dollars) +2,498 61 34,911 37 27 - 2 + 27 5 25 230 3 1,995 37,203 15,462 5,513 58,178 -I50 + 1 -553 ^75 • 31 27 + 579 +3,040 - 120 77 +2,8"41 38,333 467 810 137 185 925 50,857 - 99 - 22 -202 + 7 - 4 - 41 17,321 3,437 20,758' 20,462 296 -700 ^51 -339 +109 -230 -111 -119 35,218 38 44 501 2 1,451 37^54 15,463 5,507 58,225 38,370 474 710 151 183 856 +2,267 + 69 96 30 12 - 123 +2,075 4o7f44 768 235 +1,003 +1,055 52 17,480 3,822 21,302 20,663 639 + + On October 28, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,521 million, an increase of $93 million for the week and an increase of $302 million from the comparable date a year ago. H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Oct. 28, 1964 13,685 1,500 15,185 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright— Bills Certificates Rotes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities (606) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S, Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 2 -668 38 -- kk + 44 4,863 +455 + 146 288 5 39 35,218 +"555" + 1,420 -10,712 +11,140 + 684 + 2,532 93 + 2,439 35,803 -169 + 2,761 (1,376) 5,756 102 792 (1,982) 57,792 -877 + +149 3§3 529 2 + 283 + 3,300 (606) 33,213 - 39 + 2,226 17,480 710 151 183 (**) (**) 18,52? -211 -499 + 36 + 3 -671 + (1,376) 4,305 104 (1,982) 5S7IK -204 + 8 ^906" -- 25,133 5,222 35,218 --__ +455 -- Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 15* 503 Change since Oct. 21, Oct. 30, 1964 1963 - 282 + 18 - 2 + 157 + 16 - 125 — 812 51 32 14 + 715 + 236 + 18 + 3,195 C A P I T A L A C C O U N T S -._ Capital paid in + 32 521 -990 Surplus + 56 135 + 23 Other capital accounts + 17 + 3,300 -683 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,982) 57,792 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the fol2.1$ lowing pages—not consolidated) 29.0$ +.h<fo 7* Contingent liability on acceptances purchased for foreign correspondents 128 + 5 + 2 3 * 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, OCTOBER 28, 1964 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum matiirity of the agreements.) Discounts and advances 497 6 Within 15 days 16 days to SO days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years irs Over 10 years Total 503 ** Less than $500,000. Acceptances 55 27 m U. S. Government securities Changes during week Holdings 818 -154 8,891 +3^3 +266 10,040 13,091 2,053 325 W55 3572IH STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 28, 1964 H. 4.1(b) Total Boston New Philadelphia York Cleve- RichAtlanta Chicago land mond (In millions of dollars) St. Louis Minneapolis Kansas Dallas City San Francisco A S S E T S Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves 13,685 i,5C0 .15,185 F. R. notes of other Banks Other cash | 6c6 l$k j 503 Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S- Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreements Total u. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS i 997 14c 944 122 9 215 44 6 31 k 6 — — 38 1 671 62 753 722 85 807 hh 250 | 4,863 — -- 3,816 343 4,159 38 44 1,179 -6,096 1,267 13,542 — 1,137 2,455 ..271 2,726 495 60 555 232 27 259 552 60 612 488 49 537 1,664 1,066 649 87 736 39 5 25 9 45 14 43 12 37 24 17 5 37 5 19 5 30 3 53 19 2 9 47 38 166 17 7 3C 51 97 — — — — — — — — — — — — — — — — -— 263 414 339 269 815 193 97 192 195 657 -1,359 -2,l42 -- __ 1,387 __ 4,213 -- __ __ 445 499 104 700 993 206 _.. 3,396 282 l,90k 999 208 -1,007 209 706 25,133 5,222 35,218 — 1,292 269 1,811 35,218 1,811 8,5^2 1,904 !35,803 1,819 8,655 1,906 7,132 497 3 1,377 102 792 59,774 — 1 174 l,ti3B — 3,001 — 1,750 363 2,452 288 875 5', 9C3 — 1,944 — 3,coi 2,452 1,944 5,903 3,010 2,499 1,982 1,4C0 — ' • r, 4TI4,Y5y — — — 1,391 — 1,400 700 1,391 l,4ll 4,759 6,069 1,417 707 1,421 1,462 4,856 224 4 17 424 6 36 390 11 38 67*» 10 105 2,523 2,471 7,556 — 4o 423 3 43 514 6 70 518 5 48 571 18 44 1,175 8 200 22 121 344 6 30 3,221 14,658 3,172 4,771 4,195 3,406 10,174 2,374 1,253 H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 28, 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 Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 33,819 1,981 7,948 1,960 2,867 2,858 1,946 6,144 1,351 591 1,307 1,045 3,821 17,480 710 151 183 18,524 659 41 8 634 48 5 399 33 4 908 2,686 119 23 1 1 2,829 687 436 785 52 7 2 846 439 759 49 8 6 822 425 859 39 9 449 709 50 9 1 769 346 1,244 49 15 5,681 5,065 60 1/33 117 5,275 978 450 947 275 187 293 926 91 9 1 1,027 30c 2,755 79 21 54 2,909 592 5 25 3,143 14,226 5 3,080 10 4,624 7 4,112 6 3,310 17 9,937 4 2,317 2 1,216 5 2,451 5 2,377 13 7,335 137 264 31 29 55 8 47 90 10 26 49 8 30 56 10 74 i4o 23 18 34 5 12 23 2 23 43 6 30 57 7 70 132 19 3,221 14,658 3,172 4,771 4,195 3,406 10,174 2,374 1,253 2,523 2,471 7,556 7 12 7 18 4 3 6 7 17 FEDERAL RESERVE AGENT'S ACCOUNTS 1,428 27024" 3~7054~ 2^W> 2,055 6,403 615 1,353 1,121 4,025 112 225 180 735 510 622 1,200 1,425 1,0C0 1,180 3,500 4,235 io4 58,128 521 : 990 135 59,774 128 *• 708 25 47 6 6 E/34 8,494 1,670 2,070 6,950 8,620 425 2 1,700 2,127 * 1,308 7 500 595 340 2,7C0 3,200 2,375 2,970 1,750 2,090 T7 After deducting $118 million participations of other Federal Reserve Banks, 2/ After deducting $ 94 million participations of other Federal Reserve Eanks. San Minne- Kansas Dallas J Franapolis City cisco 1,100 5,600 6,700 * 270 17 1,210 1,497 * Less than $500,0C0.
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