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FEDERAL
RESERVE
Factors Affecting Bank Reserves and
Condition Statement of F.R. Banks
F o r immediate re le a se
October 31, 1963
H.4.1
The average of daily figures of total member bank reserves held during
the week ended October 30 decreased a net of $200 million to $19,751 million.
Estimated currency and coin of member banks increased $107 million and their
reserve balances at the Federal Reserve Banks decreased $307 million. Estimated
required reserves decreased $99 million^ and estimated excess reserves decreased
$101 million to $327 million. Excess reserves exceeded member bank borrowings
at the Federal Reserve Banks by $128 million, compared with the revised figure of
$67 million the week before.
The principal changes reducing average reserve balances with Federal
Reserve Banks were decreases of $514 million in Federal Reserve float and
$162 million in member bank borrowings. The principal offsetting changes were
increases of $187 million in U. S. Government securities bought outright and
$6l million held under repurchase agreement, and a decree.se of $99 million in
currency in circulation. Total Reserve Bank credit decreased $426 million.
As of Wednesday, October 30, holdings of U. S. Government securities
bought outright were $413 million higher than a week earlier, U* S. Government
securities held under repurchase agreement were $93 million higher, and member
bank borrowings were $90 million lover.
Member bank reserves,
Reserve Bank credit,
and related items__
Reserve Bank c r e d i t :
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
Averages of daily figures
Week ended Change from week ended Wednesday
Oct. 31, Oct. 30,
Oct. 23,
Oct. 30,
1962
1963___
_. ..,19631063
(In millions of dollars)
61
+187
+ 61
+ 2,560
+
26
42
2
+
+
+
+
32,413
Member bank reserves:
With Federal Reserve Banks
Currency and coin (estimated)
Total reserves held
Required reserves (estimated)
Excess reserves (estimated)
93
6
2
43
5
185
+ 1
+ 7
-417
+ 120
+
18
59
+ 2,672
- 424
+
38
+2,286
38,782
- 99
+ 4
- 9
- 4
+ 9
- 12
-111
+2,024
8
+ 365
4o
- 114
+ 376
+2,664
16,553
3,188
19,751
19,4i4
327
-307
+107
-200
- 99
-101
+
+
-
199
30
l,4l6
34,163
15,582
5,590
55,335
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)
32,686
36,066
398
906
167
197
1,048
1
2
-l62
- 1
-514
319
253
66
61
127
30
1,159
35,20I
15,583
5,593
55,377
36,155
398
762
183
197
1,014
38,708
16,668
3,55o
20,208
19,540
668
On October 30, 1963, U. S. Government securities held in custody by the
Federal Reserve Banks for foreign account were $8,219 million, an increase of
$8l million for the week and an increase of $1,682 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)
O ct. 3 0 ,
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
*
(455)
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
+ 15
- 1
+ 14
+
-
514
132
382
-
3
-
215
90
66
4
43
5
+
+
2
5
+
+
9
5
13,967
1, 343
15,310
300
+506
+1,065
+1,170
+
91
+ 407
+2,733
- 155
+2,578
33,042
+423
+ 2,588
(1,295)
5,228
+
(1,750)
104
509
54,493
-312
-+ 72
+194
90
+2,213
(455)
30,987
+ 12
+1,956
16,668
762
183
+288
3,443
10,712
13,993
4,538
32/68T
93
32,779
Total loans and securities
Cash items in process of collection
Bank premises
Other assets
TOTAL ASSETS
Change sin ce
Oct. 31,
1962
Oct. 23,
1963
+413
... -—
—
+4i3
+ 93
l64
l
17,810
+228
+
+
-
(1,295)
4,069
(1,750)
86
52,952
- 73
+ 8
+17.5
+ 176
+
11
+2,128
489
934
+
118
+ 18
+194
+
26
+
46
+
13
+2,213
197
C A P I T A L
A C C O U N T S
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,750)
- 6l
- 13
+ 14
l
--
153
249
l
112
15
1
1—•{
54,493
Ratio of gold certificate reserves to deposit
and F. R. note liabilities combined (com
puted from figures as shown on the fol
lowing pages--not consolidated)
- 2.1/
3l*l/o
Contingent liability on acceptances purchased
for foreign correspondents
+ 1
+
36
105
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 30, 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
Discounts and
Chang
advances
Acceptances
Holdings
during 1
Within 15 days
+ 70
428
12
182
16 days to 90 days
+
170
6,047
36
3
91 days to 1 year
+266
12,961
30
—
Over 1 year to 5 years
- —
10,909
- Over 5 years to 10 years
--2,225
Over 10 years
„209
Total
+506
58
32,779
215
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE B M K ON OCTOBER 30, 1953
H.4.1(h)
New
York
Phila
delphia
Cleve Rich Atlanta Chicago
mond
land
millions
of dollars)
(In
Total
Boston
13,967
1,3*6
15,310
692
75
757
3,579
321
3,900
723
75
798
1,072
120
64
St.
Louis
Minne
apolis
Kansas
City
Dallas
San
Fran
cisco
A S S E T S
Gold certificate account
Redemption fund for F. R. notes
Total gold certificate reserves
F- R- notes of other Banks
Other cash
455
300
39
18
Discounts and advances
Acceptances:
Bought outright
Held under repurchase agreement
U. S. Government securities:
Bought outright-Bills
C ertificates
Notes
Bonds
Total
Held under repurchase agreement
215
k
21
—
--
*6
5
*6
5
3,443
10,712
13,993
h 538
32,686
93
_
180
560
732
238
1,710
—
870
2,706
3,535
l,l46
722
1,190
1,014
115
1,129
6l
15
20
25
20
21
20
5
118
488
43
531
1,887
l46
15
9
20
12
45
8
19
24
7
--
--
--
—
136
65
202
263
____85
143
445
135
421
582
551
615
1,359
2,316
239
2,555
589
54
653
301
28
329
32
23
29
13
42
16
41
11
26
37
*6
1
__
--
--
230
188
713
932
302
584
578
1,799
2,350
425
78
800
584
_§1.
635
2,033
44
--
~—
177
551
286
891
720 1,163
8,257
234
1,682
93
--
762
2,717
2,177
247
1,781
--
--
—
377
762
5,489
--
555
18c
1,296
--
189
179
1,286
4,317
**—
““
—
455
1,415
1,848
599
Total U- S. Government securities
32,779
1,710
8,350
1,682
2,717
2,177
1,781
5,489
1,296
615
1,359
1,286
4,317
Total loans and securities
33,c42
1,714
8,419
1,702 2,722
2,203
1,818
5,532
1,297
623
1,378
1,310
4,324
6,523
1,273
8
11
356
7
.21
294
6
20
4
28
1,057
23
80
217
3
28
474
5
32
320
130
524
7
44
495
509
450
3
26
12
22
659
10
67
56,243
3,017
13,91^
3,011
4,532
3,884
3,212
9,318
2,315
1,236
2,421
2,201
7,182
Cash items in process of
collection
Bank premises
Other assets
TOTAL ASSETS
ic4
4o4
16
H.4.1( c )
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON OCTOBER SO, 19^3
Total
Boston
Nev
York
Phila
delphia
Cleve Rich Atlanta Chicago
mond
land
(in millions of dol]Lars)
St.
Louis
San
Fran
cisco
Minne Kansas
apolis City
D&ll&s
1,223
948
3,430
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
31,442
1,835
7,531
1,823
2,699
16,668
762
183
644
43
8
*
4,741
95
713
40
9
*
1,162
53
15
1
1,231
Deferred availability cash items
Other liabilities and accrued
dividends
TOTAL LIABILITIES
5,364
197
17,810
695"
1/65
136
5,037
762“
1,817
5,695
1,286
715
93
8
4
ssr
8l4
68
9
1
2,406
616
65
2,584
571
2,811
23
3
892 " 2,497
792
48
7
2
849“
861
91
5
1
713
393
56
4
*
453“
49
9
l
920
6l
21
2,941
278
242
595
4
2,ll4
11
6,977
kQ
913
335
455
398
4il
892
260
175
4
23
2,944" 13,504
4
2,924
7
4,392
5
3,807
5
3,125
l4
9,098
2,262
3
2
1,201
23
130
28
44
6
251
29
54
5
24
44
28
51
8
69
132
19
17
32
4
11
22
2
21
40
6
28
53
6
65
124
118
45
87
8
56,243
3,017
13,914
3,011
4,532
3,212
9,318
2,315
1,236
2,421
2,201
7,182
105
5
2/28
6
10
6
15
4
2
4
6
14
86
54,702
4io
4
2,354"
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Contingent liability on accept
ances purchased for foreign
correspondents________________
489
934
9
5
16
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
32,964
1,912
7,909
1,898
2,865
2,700
1,900
5,88$
1,355
661
1,261
1,030
3,586
7,062
433
1,600
425
5
580
605
1,300
205
800
25
2,120
285
18
2,400
4,800
310
*
1,100
119
—
1,600
400
—
1,550
550
1,000
-875
3,000
2,030
2,980
2,750
1,950
6,100
i,4io
669
1,303
1,080
3,800
48
26,909
1,514
6,400
34,019
1,947
8,000
--
l/ After deducting $118 million participations of other Federal Reserve Banks.
2/
After deducting $ 77 million participations of other Federal Reserve Banks
--
* Less than $500,000.
@FedFRASER