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FEDERAL .f^ras? RESERVE Ftctors A f f t c t i i | l i n k Restrvts ind C » i i i t t « i Stitfwtut of F . I . I t i k s For immediate release September 3, 19^4 H.4.1 The average of daily figures of total member bank reserves held during the week ended September 2 decreased $135 million to $20,482 million. Estimated currency and coin of member banks decreased $24 million and their reserve balances at the Federal Reserve Banks decreased $111 million. Estimated required reserves decreased $17 million; and estimated excess reserves decreased $118 million to $359 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $44 million, compared with the revised figure of $148 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $268 million in Federal Reserve float and $104 million in U, S. Government securities held under repurchase agreements. The principal offsetting changes were an increase of $215 million in U. S. Government securities bought outright and a decrease of $60 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $169 million. As of Wednesday, September 2, holdings of U. S. Government securities bought outright were $187 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $51 million higher, and member bank borrowings were $39 million lower. Outright holdings of notes and bonds increased $60 million and $127 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 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 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. 2, Aug. "267 Sept. Sept. 2, 1964 1964 1964 1963 (in millions of dollars)" 35, l 1 * 18 +215 -104 +2,880 - 156 35,194 123 37 3 - 1 + 3 1 3 38 24 315 - l4 99 1,451 36,968 15,462 5,573 58,002 -268 -169 + 10 -160 10 30 + 103 +2,788 - 120 14 +2,653 1,266 36,744 15,463 5,574 57,781 •55^3 + 8 - k - 60 + 19 + 3 - 15 TTf9 +2,117 + 34 + 52 6 l 15 +2,182 38,ic6 434 731 177 183 1,171 •457802 17,159 3,323 20,482 20,123 359 -111 - 2k -135 - 17 -118 + + + + - 16,979 3,487 20,466 20,342 124 38,006 425 858 164 191 1,199 470 328 798 919 121 On September 2, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,169 million, a decrease of $72 million for the week and an increase of $274 million from the comparable date a year ago. H.4. 1(a) CCNFOUIiATfil) STATEtA & jb^BlttTION CP THfe TWELVE FEDERAL BffijJSftfc BANKS (In millichs of &6il&rs) Sept.. 2, l§6h A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreements U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U. S. Government securities 13,725 1,^63 I57IBH (557) 99 L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 38 2k -+ 24 4* 4- 5,H2 --+ 60 +127 +187 + 51 + 1,933 25,037 5,045 35,19^ 123 35,317 35,478 1 24 -10,732 +11,027 + 55 (1,835) 5,379 102 481 56,784 + 607 + 2,835 - 212 + 2,623 + 2,535 + 388 + 66 +357 + 174 + 2,8cB" (557) 32,847 +100 + 1,922 16,979 731 177 183 18,070 +489 -345 - 9 - 11 +124 4,113 103 55,133 +113 + 1 +338 + 295 - 113 + 23 10 + 189 + 571 18 + + 2,700 + -f Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 156 Change since Aug. 25," Sept- 4, "" 1963 1964 - 246 + 18 4 - 2 143 + 16 103 186 - 3 - 39 113 (1,278) (2) (2) (1,276) (1,835) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,835) 517 990 144 56,784 +^38" +223 1 — + 18 +357 31 56 + 21 + + 2,8C8 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the fol1# lowing pages--not consolidated) 29-5$ -•!# 6/° Contingent liability on acceptances purchased for foreign corre spondents 132 - 2 + 3 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 2, 1964 (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 advances Acceptances Holdings during week Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total ** Less than $500,000. 93 6 ** ---^ 99 33 29 ----£2 726 9,298 10,098 12,861 2,0^9 285 35.317 -126 +305 -128 + 91 +79 + 11 -238 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 2, 1964 H.4.1(b) 1 Total ]Boston NewYork Philadelphia Cleve- Rich- Atlanta Chicago land mond (In millions of dollars) St. Louis Minne- Kansas Dallas apolis City San Francisco A S S E T S ike 82 828 3,361 343 3,704 730 81 811 1,067 127 1,194 934 123 1,057 74o 89 829 2,439 264 kd 9 175 43 44 4 22 14 45 15 Discounts and advances 99 Acceptances: -38 Bought outright Held under repurchase agreements 2k UU S.. Government securities: "Bought outright261 Bills 5A12 _.Certificates Notes 25,037 1 1,278 Bonds 5,045 258 Total 35,19^ 1 1,797 Held under repurchase agreements 123 10 ^ 3 38 -- 269 -- 6,250 1,259 8,785 123 Gold certificate account Redemption fund for F # R. notes Total gold certificate reserves 13,725 ! 1^63 ! 15,188 F. R. notes of other Banks Other cash 557 156 1 2,703 552 59 611 270 27 297 624 55 679 443 47 490 1,819 166 1,985 50 15 35 16 14 6 43 5 16 6 22 3 43 20 14 27 6 8 11 6 — — — 427 348. 279 867 194 -- -_ — -- -- 1,318 266 1,853 2,089 421 2,937 1,705 343 2,396 1,369 276 1,924 4,247 856 5,970 -- -- -- -- — -- — — 98 203 207 683 -- __ -- 952 192 1,338 478 96 672 994 200 1,397 1,C13 2C4 1,424 3,344 674 4,701 -- __ __ -- -- -- — 24 1,276 — — Total U. S. Government securities 35,317 1,797 8,908 1,853 2,937 2,396 1,924 5,970 1,338 672 1,397 1,424 4,701 Total loans and securities 35A78 1,802 8,980 1,854 2,940 2,399 1,938 5,997 1,343 678 1,405 1,435 4,707 476 k&l 4C7 3 26 477 6 42 502 5 30 524 18 27 1,087 22 73 300 6 18 203 4 10 39 Q 3 24 1,273 8 122 22 338 11 23 671 10 64 158,619 3A9C 14,305 3,149 4,695 4,053 3,401 9,933 2,298 1,24c 2,533 2,322 7,500 Cash items in process of collection Bank premises Other assets TOTAL ASSETS | 6,657 102 6 H. 5.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 2, 1965 Total Boston New York Philadelphia Cleveland Richmond Atlanta iChicago St. Louis Minneapolis Kansas Dallas City San Francisco 1,026 3,772 (In millions; of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U.S. Treasurer-general ac: count Foreign Other Total deposits 33,5o5 1,951 7,935 1,932 2,830 2,767 1,922 6,059 1,338 582 1,301 16,979 731 177 185 672 27 5,653 196 1/59 727 36 9 1,225 * l 1,278 513 926 55T" 168 52 2,916" 925~ 5,389 665 235 828 56 7 3 885 Deferred availability cash items Other liabilities and accnled dividends TOTAL LIABILITIES CAPITAL ACCOUNTS 707 559 2,588 90 23 2 2,703 621 37 5 l 18,072 900 55 9 1 965 5c8 39 5 118 5,016 750 38 8 6 792 5c5 272 275 103 5 6 17 5 56,968 3,112 6 3,969 3,306 9,695 2,25l 517 990 155 25 Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAFITAL ACCOUNTS Contingent liability cn ace:eptances purchased for forejLgn correspondents 8 37 15 892 772 358 28 13,870 5 3,057 5,557 29 55 8 30 56 9 18 90 12 26 59 9 75 7 136 265 35 150 25 58,619 3,190 15,305 3,159 5,695 5,053 3,5oi 132 6 2/35 7 12 7 7 57 531 8 56 875 2,752 91 39 21 9 1 577 5 15 2,228 7,279 2 1,203 5 2,56l 23 53 6 30 69 3^ 5 12 23 2 57 7 132 20 9,933 2,298 1,250 2,533 2,322 7,500 19 5 3 6 8 18 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 35,052 2,028 8,566 1,996 3,015 2,859 2,013 6,281 1,502 608 1,357 1,090 3,958 6,607 15 29,585 36,106 523 1,670 525 l 1,700 2,126 500 580 350 1,100 270 112 272 58 1,100 1,380 180 735 1,000 1,180 3,5oo 5,135 1,650 2,073 6,950 8,620 5 2,550 3,050 2,315 2,895 1/ After deducting $118 million participations of other Federal Reserve Banks, 2/ After deducting $ 97 million participations of other Federal Reserve Banks• 1,700 2,050 5,5co 1,210 510 6,500 1,585 622 * Less than $500,0C0.
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