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FEDERAL RESERVE FtcUrs Afftctiig l i n k Rtstrvts ind Condition S t i t t w t i t i f F . I . l i n k s For immediate release September 17, 1964 The average of daily figures of total member bank reserves held during the week ended September l6 decreased a net of $8l million to $20,606 million. Estimated currency and coin of member banks increased $313 million and their reserve balances at the Federal Reserve Banks decreased $39^- million. Estimated required reserves increased $122 million; and estimated excess reserves decreased $203 million to $303 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $78 million, compared with the revised figure of $28 million the week before. The principal changes reducing average reserve balances vith Federal Reserve Banks were decreases of $253 million in member bank borrowings and $242 million in U. S. Government securities held under repurchase agreements, and increases of $182 million in currency in circulation and $49 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $283 million in Federal Reserve float and a decrease of $57 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $192 million. As of Wednesday, September l6, holdings of U. S. Government securities bought outright were $160 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $360 million lower, and member bank borrowings were $68 million lower. Outright holdings of bills decreased $202 million; notes and bonds increased $13 million and $29 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 P. R. accounts (net) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, Sept. 9, "Hsept. 18," Sept. 16, Sept. 16, 196k 1964 1963 1964 (in millions of dbTlarsJ 35,262 135 38 18 + 28 -242 +3,053 + 135 35A13 - + + 2 18 36 18 32 32 149 +3,059 74 1 8 225 -253 1,846 37T52& 15,462 5,564 5B7550 +283 -192 38,425 435 906 142 194 1,163 17,285 3,321 20,6c6 20,303 303 - -195 120 -__26 +2,9l4 +2,409 + 18 36 2,078 37,319 15,463 „5,572 58735^ 38,380 1,082 154 180 1,094 15 + 24 T27398 "5I735I + + + + - 17,013 3,632 20,655 20,664 -19 515 191 706 751 45 On September l6, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,489 million, an increase of $344 million for the week and an increase of $562 million from the comparable date a year ago. H.k.1(a) CONSOLIDATED STATEMENT OF CONTITICK OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) ASSETS Gold certific"ate~a£count Redemption fund for F. Hi notes Total gold c e r t i f i c a t e reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. 3. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S> Government securities Sept. 16, 1964, 13)69^ 1,^87 15,l8l (5W) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in ~ ~ Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS + - 3 68 * 175 279 __ 36 18 2 k 18 ^910 202 + 2,076 .- -- -10,712 +11,C87 + 688 + 3,139 25,077 5,126 35,113 «... 35.113 35,2»fl Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 151 7^ Change since Sept. 9, " Sept. l 8 . V)6k 1963 2 15 5C + 13 + lk8 - 2 102 + + - 13 29 160 360 - 520 - 59* -+ 3,139 + 2,878 32k (1,628) 7,970 102 509 (2,176) 59,15^ +2,723 + 37 +2 ,167 1 + 169 + 3,293 (5*8) 33,128 89 + 2,281 17,013 1,082 15* 180 (**) (**) 18,lj-29 - 130 + 243 + 33 26 + 120 + + + (1,628) 5,892 103 (2,176) 57,552 +2,22*6 36 W?2kL + + 517 99O 95 (2,176) 59715% « — jk +2,167 + 31 + 56 + 9 + 3,293 — -f *33 2*7 2 11 177 71* 25 + 3,197 Ratio of gold certificate reserves to deposit and P. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 29.1$ *Vfo - 1*7$ Contingent liability on acceptances purchased for foreign correspondents 131 + 1 + 2 9 * 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 l6, l$Bk (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 securitier Discounts and advances Acceptances Holdings Within 15 days 2k 69 657 16 days to 90 days 30 9,189 5 -« -91 days to 1 year 9,951 -Over 1 year to 5 year;s 12,91^ -Over 5 years to 10 years 2,098 -... Over 10 years wk Total 5T 35,113 _ 7* ** Less than $500,000. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE EAKK OK SEPTEMBER l6, 1964 H.4.1(b) Total Boston New York Philadelphia Cleve- Rich- Atlanta Chicago mond land (In millions of dollars) St. Louis Minne- Kansas Dallas apolis City San Francisco 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 13,694 1,487 1 15,181 | 625 548 151 45 1 83 709 > ! 1 Discounts and advances 7k Acceptances: 1 36 1 Bought outright 18 Held under repurchase agreements ! U- S. Government securities: Bought outright— Bills 262 4,910 Certificates 1,336 Notes 25,077 Bonds 273 ! 5,126 Total 35,113 1 1,871 Held under repurchase agreements 3,712 341 4,053 986 1,088 665 121 142 80 745" "l,230 "'""1,167 665 89 754 2,428 268 2,696 538 59 597 260 27 287 641 58 699 512 48 560 1,573 0.71 1,744 179 41 39 4 19 12 45 16 46 14 32 19 16 5 40 5 15 6 23 3 49 17 8 T 1 T_ 3 39 2 1 5 8 4 36 18 -- -- -- -- -- 1,173 265 416 339 276 829 191 97 196 191 675 5,990 1,224 8,387 1,355 277 1,897 2,125 434 2,975 1,730 354 2,423 1,409 288 1,973 4,235 866 5,930 978 200 1,369 498 102 697 1,001 205 1,402 973 199 1,363 3,447 704 4,826 — — — -- — 35,113 1,871 8,387 1,897 2,975 2,423 1,973 5,930 1,369 697 1,402 1,363 4,826 Total loans and securities ^35,24l 1,872 8,449 1,898 2,976 2,424 1,976 5,969 1,371 698 1,407 1,371 4,830 Cash items in process of collection Bank premises Other assets I 9,598 102 509 612 503 3 27 709 6 45 731 727 18 29 1,933 22 79 415 6 19 283 4 11 552 6 24 444 11 24 925 10 26 1,764 8 125 61,330 3,276 14,619 3,219 4,997 4,359 3,564 10,750 2,429 1,328 2,709 2,436 7,644 Total U. S. Government securities TOTAL ASSETS 5 31 69 H.4.1(c) 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orre spondent s F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 16, 1964 New York Philadelphia 33,676 1,968 7,956 1,9^7 2,857 2,800 1,936 6,111 1,350 582 17,013 1,082 154 180 18,429 611 67 6 1 685 ^,717 199 1/51 107 5,074 693 44 6 1 7^6 1,267 83 13 1 877 75 8 1 961 2,600 143 20 2 2,765 648 55 5 422 I736T- 768 105 7 10 890 708 470 884 2,650 876 91 59 116 6 8 19 3 2 52 976 "~~~953~ 2JB3T 7,520 543 1,1^3 432 624 582 568 1,628 312 237 350 348 753 9 6 4,278 6 17 3,471 10,521 4 2,37^ 2 1,291 5 2,639 4 2,3^3 16 7,429 29 55 5 46 90 7 26 h9 6 l4o 15 18 34 3 12 23 2 23 43 4 30 57 6 69 132 14 3,219 ^-,997 ^,359 3,564 10,750 2,429 1,328 2,709 2,436 7,644 18 7 5 7 FEDERAL RESERVE AGENT'S ACCOUNTS "X99B™~3704T~ 2,885 ""27036"~^73^5~ 1,420 3 6 7 18 612 1,3^9 1,109 112 272 5 1,100 1,377 180 735 1,000 1,180 3,400 103 24 5 59,728 3,201 1^,197 517 990 95 24 47 4 136 264 22 61,330 3,276 Ik,6X9 131 6 35,323 2,053 6,607 8 423 1,670 1,650 36,330 2,073 6,950 8,620 '• 29,715 2/35 Cleve- Rich- Atlanta Chicago St. land mend Louis (in millions; of dollars) 3,130 7 425 l 1,700 2,126 30 56 7 12 500 580 340 1,100 2,700 3,200 2,3^5 2,925 1,750 2,090 5,400 6,500 — w . «.^ ~*—. *.jserve Banks. 2/ After deducting $ 96 million participations of other Federal Reserve Banks. San Francisco Total Boston 270 2 1,210 1,482 Minne- Kansas Dallas apolis City 3 -* 510 622 1,308 1,038 * Less than $500,000. 3,823 M19 ^,135
@FedFRASER