h41_19630905.pdf

F E D E R A L R E S E R V E

h .4.1*...

Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release

September 5, 19^3

The average of daily figures of total member bank reserves held during the week ended September 4 increased a net of $115 million to $19,667 million. Estimated currency and coin of member banks decreased $113 million and their reserve balances at the Federal Reserve Banks increased $228 million. Estimated required reserves increased $72 million; and estimated excess reserves increased $43 million to $447 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $122 million, compared with the revised figure of $130 million the week before.

The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $190 million in U. S. Government securities bought outright and $106 million held under repurchase agreement and $51 million in member bank borrowings, and a decrease of $112 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $70 million in Federal Reserve float and an increase of $151 million in currency in circulation. Total Reserve Bank credit increased $279 million.

As of Wednesday, September 4, holdings of U S . Government securities bought outright were $176 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $28l million higher, and member bank borrowings were $126 million lower.

Member bank reserves, Reserve Bank credit, and related items

Averages of daily figuresWednesday,Sept. 4 ,

1963 ...

Week ended Sept'. 4,

iq6^

Change from week endedAugust 28,

1 9 6 3 .Sept. 5 , 1962

(in millions of dollars)Reserve Bank credit:U. S. Government securities--Bought outrigjit--System account 3 2 ,2 6 4 +190 +2,000 3 2 ,3 5 9Held under repurchase agreement 174 +106 + 26 335

Acceptances--bought outright 38 + 2 + 3 37Discounts and advances-- 182Member bank borrowings 325 + 51 + 231Other 30 - 1 4* 19 30

Float 1 ,3 4 8 - 70 4- 214 1 ,4 4 9Total Reserve Bank credit 3 4 ,18b + 2 7 9 4-2 ,495 347392

Gold stock 1 5 ,5 8 2 - 1 - 516 1 5 ,5 8 3Treasury currency outstanding 5 ,5 8 7 + 1 + 31 5 ,5 8 8

5 5 ,3 4 9 +280 +2 ,016 5 5 ,5 6 3

Currency in circulation 3 5 ,8 7 9 +151 +1 ,902 36,061Treasury cash holdings 4 o i + 1 - 3 403Treasury deposits with F. R. Banks 806 -112 4- 3 4 7 844Foreign deposits with F. R. Banks 170 + 8 - 5 154Other deposits with F. R. Banks 192 + 11 - 123 199Other F. R. accounts (net) 1 ,2 1 4 - 5 + 348 1 ,2 1 9

38,661 + 53 +2 7+55 387880Member bank reserves:

4 54 1 6 ,6 8 4With Federal Reserve Banks 16,689 +228 -Currency and coin (estimated) 2 ,9 7 8 -1 1 3 + 282 3 ,1 9 1

Total reserves held 19,667 +115 - 172 1 9 ,8 7 5Required reserves (estimated) 19,220 + 72 - 198 1 9 ,4 1 0Excess reserves (estimated) 447 + 43 26 465

On September 4, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,985 million, an increase of $132 million for the week and an increase of $1,533 million from the comparable date a year ago.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) CONSOLIDATED siAlEMklfT OF CONDITION OF THE TWELVE Flt&RAL RESERVES BANKS

(in millions of dollars)

A S S E T SG o ld c e r t i f i c a t e a c c o u n t R e d e m p tio n fu n d f o r F . R . n o te s

T o t a l g o ld c e r t i f i c a t e r e s e r v e s

C a shD is c o u n t s a n d a d va n c e s A c c e p t a n c e s --b o u g h t o u t r i g h t U . S . G o ve rn m e n t s e c u r i t i e s :

B o u g h t o u t r i g h t - - B i l l sC e r t i f i c a t e sN o te sB onds

T o t a l b o u g h t o u t r i g h t H e ld u n d e r re p u rc h a s e a gre e m e n t

T o t a l U . S . G o ve rn m e n t s e c u r i t i e s

T o t a l lo a n s a n d s e c u r i t i e s

C a s h ite m s i n p ro c e s s o f c o l l e c t i o n Bank p re m is e s O t h e r a s s e ts

T O T A L A S S E TS

L I A B I L I T I E S

F e d e r a l R e s e rv e n o te s D e p o s it s :

Member b a nk r e s e r v e sU . S . T r e a s u r e r - - g e n e r a l a c c o u n tF o r e ig nO t h e r

T o t a l d e p o s it s

D e f e r r e d a v a i l a b i l i t y c a s h ite m s O t h e r l i a b i l i t i e s a n d a c c ru e d d iv id e n d s

T O T A L L I A B I L I T I E S

(3 9 8 )

S e p t , 4 ,

1963

1 3 ,9 7 11,320

1 5 ,2 9 1

34221237

3 ,1 7 9 1 0 ,7 3 2 A , 010

4 ,4 3 8 3 2 ,3 5 9

33532,6953 2 ,9 4 3

4 ,9 9 1102307

( 1 ,1 3 5 )

( 1 ,5 3 3 ) 5 3 ,9 7 6

(3 9 8 ) 3 0 ,9 2 5

(**)(**)

( 1 ,1 3 5 )

( 1 ,5 3 3 )

16,6 8 4 8 44 1 54 199

17,8813 ,5 4 2

____ 855 2 ,4 3 3

A C C O U N T SC a p i t a l p a i d i n 486S u r p lu s 9 34O t h e r c a p i t a l a c c o u n ts 123

TO TA L L I A B I L I T I E S AND C A P IT A L ACCOUNTS ( 1 ,5 3 3 ) 5 3 ,9 7 6

R a t io o f g o ld c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F . R . n o te l i a b i l i t i e s co m b in e d (com p u te d fro m f i g u r e s as shown on th e f o l lo w in g p a g e s - -n o t c o n s o l id a t e d )

C o n t in g e n t l i a b i l i t y on a c c e p ta n c e s p u rc h a s e d f o r f o r e i g n c o r r e s p o n d e n ts

* F i g u r e s i n p a re n th e s e s a r e th e e l im in a t i o n s made _______ see c o m p a ra b le f i g u r e s on co m b in e d b a s is on th e

Change s in c eA u g . 2 8 , S e p t . 5,

1963 1962

- 3 - 638+ 3 + 112

- 526

- 17 - 25-126 + 93

+ 3

+176 + 114- - + 1,1 9 4- - + 238~ - + 486

+176 + 2,032+281 + 102+457 + 2 ,1 3 5

+ 331 + 2,230

+211 + 5405

+ 19 - 2695 5 5 5 + 1 ,9 4 5

+266 + l , 8 4 l

+512 - 473-171 + 390+ 7 - 23+ 11 - i l l+359 - 217

-106 + 227+ 7 + l 4+526 + 1,865

+ 26____ + 46

+ 18 + 8+ 5 4 4 + 1 ,9 4 5

3 1 -1 # - . 3 # - 2 .1 $

93 + 5 + 23i n th e c o n s o l i d a t i n g p r o c e s s ;

f o l l o w i n g p a g e s ._________________

M A TU R ITY D IS T R IB U T IO N OF LOANS AND S E C U R IT IE S , SEPTEMBER 4 , 1963 (A c c e p ta n c e s a n d s e c u r i t i e s h e ld u n d e r re p u rc h a s e a g re e m e n t a r e c l a s s i f i e d as

m a t u r in g w i t h i n 15 d a ys i n a c c o rd a n c e w i t h maximum m a t u r i t y o f th e a g re e m e n ts . )U . S . G o ve rn m e n t s e c u r i t i es

Discounts andAcceptancesa d v a n c e s

W i t h i n 15 d a ys 180 916 days t o 90 d a ys 2 2891 d a ys t o 1 y e a r 30 --O v e r 1 y e a r t o 5 y e a r s -- - -O v e r 5 y e a rs t o 10 y e a r s -- --Over 10 y e a rs --

T o t a l 2 l2~ 37** Less than $500,000. A

Holdings 1 ,0 7 3 5 ,2 3 9

1 3 ,1 4 1 10,866

2,176____ 19932,695

Changes during week

+579 - 74 + 52

7557Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4. 1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 4, 1963

T o t a l B o s to nNewY o rk

P h i l a d e lp h ia

C le v e la n d

R i c h mond

A t l a n t a C h ic a g oS t .

L o u isM in n e a p o l i s

K a n sa sC i t y

B a l i a sSan

F r a n c is c o

( I n m i l l i o n s o f doJL i a r s )

A S S E T S

G o ld c e r t i f i c a t e a c c o u n t 13>971 743 3 ,2 8 0 706 1,088 9 3 0 821 2 ,4 5 7 616 297 658 53443

l , 8 4 l142R e d e m p tio n fu n d f o r F . R n o te s

T o t a l s o ld c e r t i f i c a t e r e s e r v e s1 ,^ 2 0 76 316 77 115 113 ..... _ 75 2 2 I _ 53 28 51

15,291 819 3 ,5 9 6 783 1 ,2 0 3 1 ,0 4 3 896 2 ,6 8 8 669 325 709 577 1 ,9 8 3

T . R - n o te s o f o t h e r B a n k s 398 44 78 62 15 23 33 27 12 39 l 4 12 39O t h e r c a s h 342 26 62 19 32 24 28 52 22 l l 10 12 44

D is c o u n t s a n d a d v a n c e s 212 15 37 7 7 60 22 22 2 4 26 5 5A c c e p t a n c e s :

37B o u g h t o u t r i g h t 37 - - *"* **

H . S . G o ve rn m e n t s e c u r i t i e s :S o u g h t o u t r i g h t - -

B i l l s 3 ,1 7 9 166 797 174 266 209 176 536 123 62 125 129 4 i6C e r t i f i c a t e s 1 0 ,7 3 2 559 2,690 587 898 7 04 593 1 ,8 0 8 417 210 421 437 i ,4 o 8N o te s l 4 , 0 10 730 3 ,5 1 1 766 1 ,1 7 3 919 773 2 ,3 6 1 545 275 550 569 1,838B o n d s b M & 2 32 1 ,1 1 2 243 371 291 245 : 747 173. . 87

174 181 582T o t a l 3 2 ,3 5 9 1 ,6 8 7 8 ,1 1 0 1 ,7 7 0 2,708 2,123 1 ,7 8 7 5 ,4 5 2 1,258 6 34 1,270 1,316 4 ,2 4 4

H e ld u n d e r re p u rc h a s e a g re e m e n t

T o t a l U . S . G o ve rn m e n t s e c u r i t i e s

335 335 _ _ - - - - - -- - ~ ** ** ................-

3 2 ,6 9 4 1 ,6 8 7 8 ,4 4 5 1 ,7 7 0 2 ,7 0 8 2 ,1 2 3 1 ,7 8 7 5 ,4 5 2 1 ,2 5 .8 - 6341,270 1 ,3 1 6 4 ,2 4 4

T o t a l lo a n s a n d s e c u r i t i e s 3 2 ,9 4 3 1,702 8 ,5 1 9 1 ,7 7 7 2 ,7 1 5 2 ,1 8 3 1 ,8 0 9 5 ,4 7 4 1,260 638 1,296 1 ,3 2 1 4 ,2 4 9

C a sh ite m s i n p r o c e s s o f c o l l e c t i o n 6,126 453 1 ,1 7 8 383 485 482 472 941 253 195 326 283 675

B a n k p re m is e s O t h e r a s s e t s

102 3 8 3 7 5 l 4 23 64 7 12 10

40307 15 78 17 27 19 18 48 12 7 13 13

T O T A L A S S E TS 5 5 ,5 0 9 3,062 1 3 ,5 1 9 3 ,0 4 4 4 ,4 8 4 3 ,7 7 9 3 ,2 7 0 9 ,2 5 3 2 ,2 3 4 1 ,2 1 9 2 ,3 7 5 2,230 7 , o 4o

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H . 1 ( c ) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19&3

1 New Fhila- Cleve- Rich St. Minne Kansas DallasSan

Total Boston York delphia land mond Atlanta Chicago Louis apolis City Fran-cisco_(In millions of dollars)

l i a b i l i t i e s 9^ 5 3,^ 35Federal Reserve notes 31,323 1,842 7,533 1,829 2,693 2,533 1,803 5,654 1,274 553 1,229Deposits:Member tank reserves 16,684 664 4,350 762 1,216 752 928 2,494 642 444 786 894 2,752U. S. Treasurer-general account 844 54 203 66 60 37 66 106 3^ 42 52 4881

67ForeignOther

154199 7l

1/48123 82141 74 81

2113 51 32

61 1949Total deposits 17,881 726 4,724 838 1,291 800 1,003 2,634 691 491 845 951 2,887

Deferred availability cash Items 4,677 417 823 286 352 364 374 731 213 137 232 244 504Other liabilities and accrued 14 10dividends 85 4 26 4 7 5 4 3 3 2 3

TOTAL LIABILITIES 53,966 2,989 13,106 2,957 4,343 3,702 3,184 9,033 2,l8l 1,184 2,308 2,143 6,836CAPITAL ACCOUNTS 28 6412416

"Capital paid in 486 23 130 27 45 24 27 69 17 11 21Surplus 934 44 251 54 87 44 51 132 32j 22 boc 53Other capital accounts

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

123 6 32 6 9 9 8 19 b 2 0 D55,509 3,062 13,519 3,o44 4,484 3,779 3,270 9,253 2,234 1,219 2,375 2,230 7,c4o

Contingent liability on acceptances purchased for foreign correspondent s 93 5 2/25 5 9 4 5 13 3 2 4 5 13

FEDERAL RESERVE AGENT'S ACCOUNTSF . R . notes outstanding 32,688 1,910 7,851 1,910 2,852 2,660 1,875 5,811 1,323 650 1,264 1,013 3,569Collateral for F. R. notes: Gold certificate account 7,173 433 i,6co 425 580 605 4oo 1,400 310 130 28524 205

800Eligible paper 30 - - 5 - - -- -- 1 - -U. S. Government securities 26,294 1,494 6,300 i,6co 2,300 2,075 1,500 4,500 1,100 550 1, occ 875 3,000Total collateral 33,497 1,927 7,900 2,030 2,880 2,680 1,900 5,900 i,4il- 680 1,309 1,080 3,800

.l/ After deducting $106 million participations of other Federal Reserve Banks.2/ After deducting $ 68 million participations of other Federal Reserve Banks.Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis