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FEDERAL RESERVE Factors A f f t c t i i f lank R t s t r v t s and ConditioR S t i t t w t i t of F . I . I n k s H.if--1*""" For immediate release September 10, 1964 The average of daily figures of total member bank reserves held during the week ended September 9 increased a net of $211 million to $20,732 million. Estimated currency and coin of member banks decreased $309 million and their reserve balances at the Federal Reserve Banks increased $520 million. Estimated required reserves increased $63 million; and estimated excess reserves increased $148 million to $536 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $58 million, compared with the revised figure of $73 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $359 million in U. S. Government securities held under repurchase agreements, $163 million in member bank borrowings, $112 million in Federal Reserve float, and $90 million in U. S. Government securities bought outright. The principal offsetting change was an increase of $238 million in currency in circulation. Total Reserve Bank credit increased $7^-8 million. As of Wednesday, September 9> holdings of U. S. Government securities bought outright were $79 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $237 million higher, and member bank borrowings were $^3 million higher. Outright holdings of notes and bonds increased $27 million, and $52 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreements Acceptances— Bought 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 F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) ?otal reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change fjrom week^ ended Wednesday, Sept. 9, Sept. 9> Sept. 2, Sept. 1964 1964 1963 196h (in millions of dollars) 35,234 377 + 90 +359 +2,884 + 83 35,273 360 + 2 26 38 22 142 2 39 26 + 23 + + 478 +163 + 124 +112 - 31 1,563 377716 15,462 5,566 58,745 + 76 +3,163 - 121 25 +3,018 1,600 37,435 15,463 5,559 58,457 +2,177 + 17 + 33 22 18 + 1 +2,188 38,475 433 839 121 205 1,241 4l,3l4 + 829 89 + + 918 + 883 + 35 17,143 3,450 20,593 20,238 355 +758 -- - 7 +743 38,243 426 857 131 188 +238 1,220 4l,c65 + 21 +222 17,679 3,053 +520 -309 +211 20,732 20,196 536 + - 1 1 - 33 - 3 + 63 +148 On September 9, 1964, JJ. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,l45 million, a decrease of $24 million for the week and an increase of $255 million from the comparable date a year ago. H.h.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Sept. 9, 1964 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 agreements U. S. Government securities: Bought outright — Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities (^5) 38 22 5,112 -- + + - 16 11 5 8 43 + - 241 137 104 • 171 193 -- 4- 2 + 2 22 -__ + 1,968 -10,732 +11,054 35,633 + 27 + 52 + 79 +237 +316 + 659 + 2,949 + 160 + 3,109 35,835 +357 + 2,94q (1,192) 5,247 -132 102 472 -- - 25,064 5,097 35,273 360 208 1 l4o (1,687) 56,987 - 9 +203 + + 2,596 (^95) 33,217 +370 + 2,254 17,143 rl64 + 839 121 2C6 +108 - 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 ike ite Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 13,709 1,47^ 15,183 Change since Sept. 11, :1963 1964 Sept. 2, - 56 724 168 20 6 530 (26) (26) 18,309 + 23 +239 (1,166) 3,646 -467 + 36 +178 361 60 + + 2,483 --- 139 (1,687) 55,311 + _ C A P I T A L A C C O U N T S Capital paid in 517 Surplus 990 Other capital accounts 169 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1^687) $6,987 + 25 +203 + 31 + 56 26 + + 2,596 Ratio of gold c e r t i f i c a t e reserves t o deposit and F. R. note l i a b i l i t i e s combined (computed from figures as shown on the f o l lowing pages--not consolidated) -.3$ 1-9$ 29.2$ Contingent liability on acceptances purchased for foreign correspondents 130 - 2 + 30 * 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, SEPTEMBER 9, 196*1 (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 Changes Acceptances Holdings advanceIS during week Within 15 days +lW 874 30 137 16 days to 90 days 30 5 +117 9,kL5 #* 91 days to 1 year 10,070 - 28 --Over 1 year to 5 years + 3k 12,895 -• -«. Over 5 years to 10 years 2,082 + 33 -Over 10 years + 12 297 Total 152 5o 35,633 +3l6 ** Less than $500,000." H.4.1(b) STATEMEKT OF CONDITION OF'EACH'FEDERAL RESERVE BANK ON--SEPTEMBER 9, 1964 New York Phila- Cleve- Rich- Atlanta Chicago St. Louis delphia land mond (In millions of dollars) Total Boston 13,709 15,183 819 83 902 2,994 341 3,335 694 80 774 1,171 127 1,298 F. R. notes of other Banks Other cash ^95 11*8 43 8 159 41 32 3 Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S* Government securities: Sosaght outright— """Bills Certificates Notes Bonds Total Held under repurchase agreements 142 1 16 * Minneapolis Kansas City Dallas San Francisco 278 27 305 625 58 683 647 48 695 1,809 170 1,979 A S S E T S Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves l,Vft 38 22 — — 38 22 5A12 267 1,262 «.- -- -- 25,c64 5,097 35,273 360 1,3C8 265 l,84o Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 2,310 1,055 831 89 920 2,579 598 60 658 20 14 40 15 47 15 28 16 14 5 41 5 16 6 20 3 35 17 5 1 20 68 1 1 6 10 13 269 — — — — — — — -- — — -— — — -— — -- -— 272 421 351 282 867 196 100 205 181 708 — — -1,722 -1,383 -4,248 __ -- -- 281 491 100 691 -1,007 1,335 272 1,879 2,066 420 2,907 -- 6,187 1,258 8,707 360 -- ^5.6^3 l.84o Q.C67 35,835 1,841 6,439 102 472 431 3 24 58,674 933 122 885 180 1,246 __ 3,469 705 4,882 864 963 196 -- 2,424 — 1,946 — 5,979 — 1,355 — I.879 2,907 2.424 1.946 5.979 1.355 691 1.417._ 1.246 4.882 9,143 1,879 2,912 2,425 1,966 6,c47 1,356 692 1,423 1,256 4,895 1,289 8 119 388 3 25 44o 6 40 504 5 28 553 18 27 1,015 22 75 291 6 18 198 4 9 392 6 22 300 11 21 638 10 64 3,252 14,094 3,ic4 4,730 4,072 3,546 9,782 2,348 1,254 2,548 2,3C6 7,638 351 — 2C5 1,417 — — *Less than $500,CC0. — H.4.1(c) STATEMENT OF CONDITION ©F EACH FEDERAL RESERVE BANK ON SEPTEMBER 9, 1964 Total Boston Philadelphia New York Cleve- RichSt. land mond Atlanta Chicago Louis Minneapolis Kansas Dallas City • San Francisco (In millions3 of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U.S. Treasurer-general ac:count Foreign Other Total deposits Deferred availability cash items Other liabilities and accnled dividends TOTAL LIABILITIES 33,712 1,969 7,981 1,945 2,848 2,797 1,939 6,113 1,350 582 1,309 1,034 3,845 17,1^3 839 121 232 18,335 753 50 6 4 8I3 4,545 154 1/33 134 4,866 687 62 7 4 760 1,239 94 11 4 1,348 751 43 6 14 8l4 986 82 2,551 80 17 6 2,654 429 48 2 1 480 8l4 7 2 1,077 660 29 4 1 694 5 4 915 888 45 7 3 943 2,84o 60 16 55 2,971 4,812 385 772 3d 375 369 428 755 242 151 246 23c 558 139 56,998 6 3,173 34 13,653 5 3,011 9 4,580 6 3,986 6 3,450 18 9,540 4 2,290 3 1,216 5 2,475 4 2,211 39 7,413 136 264 4l 29 55 9 46 90 l4 26 49 11 30 56 10 74 l4o 28 18 34 6 12 23 3 23 43 7 30 57 8 69 132 24 4,730 _4_i_q72__ 3,546 9,782 2,348 1,254 2,548 2,306 7,638 18 4 3 6 7 18 1,111 4,001 180 735 1,000 1,180 3,4co 92 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace:eptances purchased for fore:Lgn c orre sp ondent s 517 ! 990 169 1 24 47 8 58,674 3,252 J.4,C94_ 3,104 130 6 2/35 7 12 7 7 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 2,073 8,460 2,003 3,028 2,882 2,022 6,344 "I74lE" 1,670 425 5CO 58c 340 1,100 6,950 8,620 1,700 2,125 2,550 3,050 2,330 2,910 1,700 2,040 5,4co 6,500 270 l 1,210 1,481 1/ After deducting $ 88 million participations of other Federal Reserve Banks. 2/ After deducting $ 95 million participations of other Federal Reserve Banks. ToT X346" 112 510 622 272 6 1,100 1,378 4,135 * Less than $500,000.
@FedFRASER