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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 F o r immediate re le a se October 3, 1963 The average of daily figures of total member bank reserves held during the week ended October 2 decreased $53 million to $20,147 million. Estimated currency and coin of member banks decreased $28 million and their reserve balances at the Federal Reserve Banks decreased $25 million. Estimated required ^ reserves increased $62 million; and estimated excess reserves decreased $115 million to $3^7 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4 million, compared with the revised figure of $74 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $392 million in Federal Reserve float and $45 million in member bank borrowings, and an increase of $45 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $409 million in U. S. Government securities bought outrig^ and $62 million held under repurchase agreement, and a decrease of $26 million in "other" F.R. accounts (net). Total Reserve Bank credit increased $33 million. As of Wednesday, October 2, holdings of U. S. Government securities bought outright were $511 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $280 million higher, and member bank borrowings were $2 million lower. Outright holdings of bills, no es, and bonds increased $4o8 million, $3 million, and $100 million, respectively. 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 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) Averages of daily figures Week ended Change from week ended Oct. 3, Sept. 25, Oct. 2, _ _ 1 9£2~ JL9-63. _i9J6a (In millions of dollars) +409 + 62 + 2 ,5 0 3 + 49 32,618 280 + + 1 36 1 - 2 + 1 343 - 55 32,449 62 36 35,855 395 901 153 192 l,ll4 17,027 3,120 207I5T 19,800 357 1 + 280 + 19 202 + 2,65T - 485 +___37 + 2,202 463 30 1,326 34,758 15,583 5,589 55,930 35,958 401 972 JL 26 + 60 +1,941 5 + 425 64 - 131 + 360 +2, 528 - 25 - 28 - 53 + 62 -115 + + - 325 298 27 17,H 3 3,264 20,377 72 99 376 30 1,545 34,467 15,582 5,589 55,637 38,611 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Wednesday, Oct. 2, 1963- -392 + 33 + 2 5 + 10 + 45 + l4 + 11 168 194 1,124 38,817 2 0 ,0 0 1 On October 2, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,95-3 million, an inciease of $69 million for the week and an increase of $1,102 million from the comparable http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE RANKS (in millions of dollars) Oct. 2, 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves (496) K Total loans and securities - 1 317 493 - 11 2 + 62 329 36 5 — 5 + + 2 + Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 32,898 +791 +794 + 2,666 + 5,542 103 394 (1,731) 55,096" 30,812 17,113 972 168 194 I875W (1,235) 5 + 391 +1,170 + i44 + 437 +2,l42 + 188 +2,330 (1,235) (496) - 623 + 137 '-” T 88 +408 -- 4,216 81 (1,731) 53,556 C A P I T A L A C C O U N T S 486 Capital plaid in ~ ~ ~ 934 Surplus 120 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,731) 55,096 + 3 +100 +511 +280 1 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 — 3,375 10,712 13,993 4,538 32,6lS 280 33,432 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1 13,973 1,335 I5,30tf -sh O 1—1 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 Change since Oct. 3, Sept . 2 5, 1962, 1963. 236 + 39 +717 4 - 276 +2,074 +117 + 1,869 +492 + 32 + 27 + 22 +573 + 624 480 - 136 30S + 5 + 4 +699 + 421 + 10 +1,992 1 + 24 + 46 + 12 + 2 ,074 — - -+ 19 +717 28 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol 30 .i lowing pages--not consolidated) Contingent liability on acceptances purchased 36 104for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages.____________ 0 ON MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 2, 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 Acceptances advances 1,078 +629 Within 15 days lk 5,650 16 days to 90 days + 51 27 3 -+ 9 91 days to 1 year 12,827 30 + 43 -Over 1 year to 5 years 10,909 + 49 -Over 5 years to 10 years 2,225 ... + 10 Over 10 years 209 Total 32,698 +791 la 593 H- b. 1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 2, 19^3 '■SmTBMBKT- OF CONDITION OF EACH FEDERAL RESERVE -BANK OH. OCTOBER 2,. 1961 H.4.1(c) Total Phila delphia New York Boston Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis 552 San Fran cisco Kansas Dallas City (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 31,308 2,562 1,803 5,672 1,273 760 858 69 2,537 89 617 1,836 7,512 1,823 2,693 587 62 8 745 36 9 1,240 58 15 791 1,315 856 9 _.3_ 939 447 1,222 945 3,415 \ 4 5 l 2,652 689 784 9CC 405 2,785 124 56 38 77 4 21 7 9 * ______ 2.______ 3______ 48. 966 2,978 870 447 875 253 169 194 18,447 657 4,895 214 1/51 127 5,287 5,451 435 910 336 443 4c8 81 55,287 4 2,932 25 13,734 4 2,954 6 4,457 4 3,830 486 934 120 23 44 6 130 251 31 27 54 5 45 87 8 24 44 9 27 51 8 132 56,827 3,005 l4,l46 3, o4o 4,597 3,907 io4 5 6 10 5 17,113 972 168 * 1 2 83 8 c\ J- 22 66 4 .... 13 _____ 3 _ 9,212 2,218 3,193 2.. 1,170 253 271 — 3-______ 32,348 2,185 651 10- 7,054 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 2/28 11 22 2 21 4o 6 28 19 17 32 4 3,279 9,432 2,271 1,205 2,415 2,272 6 15 3 2 4 6 i4 648 1,258 1,013 3,573 115 -550.... 285 21 1,noo 665 1,306 69 53 6 64 124 16 7,_258_ FEDERAL RESERVE AGENT'S ACCOUNTS Total collateral 32,820 1,913 7,892 1,907 2,867 2,688 1,867 5,855 1,339 7,101 50 26,875 433 1,600 425 3 580 4oo -1 .5 5 0 310 -4,800 l 1.514 648 25 ?,o86 1,300 _— 2.400 34,026 1,947 2,980 2,759 1,950 6,100 1,411 »— 1.600 8,000 2,028 C c F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities 800 205 --8 7 ^ . . ..-3^000. 1,080 * Less than $5C0,OCC. _2/ After deducting $ 76 million participations of other Federal Reserve Banks, 3,800
@FedFRASER