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/ FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 12, 1962 The average of daily figures of total member baulc reserves held during the Estimated currency and coin of member banks decreased $43 million and their reserve balances at the Federal Reserve Banks decreased $53 million. Estimated required reserves decreased $104 million; and estimated excess reserves increased $8 million to $531 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $471 million, compared with the revised figure of $448 million the week before. i-reek ended April 11 decreased $96 million to $ 19,566 million. The principal changes reducing average reserve balances with Federal Reserve Banks were increases of $224 million in currency in circulation, $58 mil lion in Treasury deposits with Federal Reserve Banks, and $32 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $138 million in U. S. Government securities bought outright and $127 million in Federal Reserve float, and a decrease of $24 million in "other" deposits with Fed eral Reserve Banks. Total Reserve Bank credit increased $242 million. As of Wednesday, April 11, holdings of U. S . Government securities bought outright were $2l4 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $70 million higher, and member bank borrowings were $155 million higher. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Apr. 12, Apr. 4, Apr. 11, 1962 1962 (][n millions Reserve Bank credit: U. S. Government securities— Bought outright--System account Held under repurchase agreement Acceptances— bought outright 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) 29,134 147 4i +138 60 65 1,156 - 15 -- +127 30,603 +242 5,589 - 2 +240 16,609 52,801 33,274 432 458 252 - 7 -- -- +224 - 4 + 58 + 32 1961 Wednesday Apr. 11, 1962 of dollars) + 2,280 + 133 5 28,993 + 8 + 58 + 152 +2,625 - 780 262 65 + 178 203 39 1,031 30,593“ 16,610 5,585 +2,024 52,788 + 1,267 33,342 431 564 4o 17 + + + + + 26 60 16 260 365 1,026 35,774 +293 +l,42f 35,988 17,027 2,539 + 598 16,800 19.566 - 53 - 43 - 96 2,874 197874 19)035 531 + + + + - 327 1,030 - 24 + 5 -io4 8 186 784 834 50 19,092 582 On April 11, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,427 million, a decrease of 89 mil lion for the week and a decrease of $510 million from the comparable date a year ago. ft.4.1 (a) CONSOLIDATED STATEMENT 0? CONDITION OF TEE TWELVE FEDERAL ftESBEVE BANKS (in millions of dollars) Change since Apr. 12, kor . 4, Apr. 11, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptance s--b ou girt out right U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Bought outright Held under repurchase agreement Total U. S. Government securities 15,191 1,153 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 + + * (371) .865 5 116 + - - 33 +155 - 1 + -214 29,I9S -+215 + 70 -i44 + 713 - 305 + 511 + 1,320 +2,239 + 148 +2,387 29,562 + 10 +2,591 362 327 39 2,997 4,972 16,933 4,091 28,993 - — 203 (965) 1961 16 11 16,344 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1962 +115 4,606 108 -+ 9 394 749 -69 210 6 + 194 1 (1,336) 51,376 +112 + 139 +2,105 (371) 28,284 +154 +1,148 16,800 -489 564 +267 + 61 -152 + + + + + + 89 + 2 + 93 + ill + 45 +1,948 260 365 17,989 + (965) 3,575 76 (1,336 ) 49,924 C A P I T A L A C C O U N T S Capital paid in 453 888 Surplus ill Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS(l, 336) 51,376 9 — - - + 19 +112 375 162 87 20 644 + 30 + 71 + 56 +2,105 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) - 3-1# 35- C Contingent liability on acceptances purchased for foreign correspondents 102 57 * Figures in parentheses are the eliminations made in the consolidating process; _____ see comparable figures cn combined basis on the following pages._______ MATURITY DISTRIBUTION OF LOANS AND SECURIT1EC, APRIL 11, 1952 (Acceptances and* securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances 275 37 15 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 Acceptances 12 27 -— -- U. S» Government securities Changes during week Holdings - 84 644 - 85 3,687 + 25 11,879 — 10,473 — 2,247 266 327 39 297I9S — STATEMENT O7 C0i.T)ITI0ir OF EACH 'FEDERAL RESERVE BANK ON APRIL 11, 1962 H.4.l(b) 1 1 Minneapolis Kansas City 207 2,615 590 49 639 329 662 355 49 711 ---- T Total |Boston Hew York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Dallas ck-Vu Fran cisco 591 37 2,252 115 (ih millions of dollLar s ) A S S E T S Gold certificate account Redemption fund for F.- R • notes Total gold certificate reserves 15,191 1,153 16,344 696 67 753” 858 69 927 1,328 1,188 118 22 21 32 65 8 20 17 9 12 10 24 17 64 29 24 73 14 19 12 34 51 67 4 54 9 18 84 2 1 36 30 12 122 202 688 166 1,178 365 605 2,062 371 362 13 25 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright — Bills Certificates Notes Bonds Total Held under repurchase agreement 327 10 2,997 4,972 16,933 4,091 28,993 203 Total U. S. Government securities 29,196 1,543 7,373 1,675 2,459 Total loans and securities 29,562 1,553 7,479 1,679 1,049 9 349 3 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 5,571 108 394 52,712 — 39 159 265 901 218 1,543 741 4o6 3 978 237 20 100 2,783 12,822 *”*• 190 165 315 1,072 273 931 512 850 121 200 683 165 - - 2,893 699 4,954 -- 1,835 1,594 4,954 2,513 1,844 1,612 422 3,026 254 422 1,436 347 2,459 1,230 1,011 7,170 *•— 173 4,188 1,675 67 529“ *"— -- 287 " — — “- 203 — 2,4o8 1,099 89 F. R. notes of other Banks Other cash 39 762 1,227 103. 3,717 277 37994"“ 258 1,835 - - 22 34 396 5 24 3,019 4,358 3,490 8 225 1,169 26 628 2,367 mm mm. 64 106 363 88 621 131 217 733 178 499 3,531 -- -- 1,264 -- 1,169 621 1,264 1,178 3,531 5,038 1,171 622 1,300 1,208 3,543 456 14 879 22 248 7 171 5 296 6 65 2,109 1,188 2,352 1,594 2k 8,710 -- 237 13 17 ____ il_ 2,139 662 ll hQ 6,716 H.4.1(e) STATEMENT OF. CONDITION OF EACH FEDEPAL RESERVE BANK OH APRIL 11,■ 1962 Total Boston Phila delphia New York Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (in millions of dol]Lars) 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 28,655 1,689 6,624 1,829 2,55^ 2, 314 16,800 608 766 37 15 1 1,243 819 1,295 725 45 11 4 783 1,637 5,232 1,232 587 1,185 823 2,94 880 26 586 397 27 8 1 26 8l6 46 6 * 921 2,412 74 35 2 2,523 622 429 10 2 874 98 3 37 14 1 1,035 2, 857 71 34 11 3,00; 196 561 17,989 660 4,527 109 1/78 311 5,025 4,540 363 760 284 367 320 387 735 201 137 229 76 3 21 4 7 4,223 5 3,422 4 2,94 12 3 2,058 2 1.155" 3 2,291 42 83 10 21 40 7 24 6 64 124 20 4,358 3,490 3,026 8,710 10 5 5 14 3 2 4 564 260 365 40 12 * 51,260 2,715 12,430 21 123 243 2,936 28 24 * 13 2 8, 502 c 2, 057 6, 522 26 61 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 4? 3 888 ‘ 111 42 5 26 26 52,712 2?783 12,822 102 5 2/28 51 6 3,019_ 6 47 16 31 4 _2^09 10 19 20 37 3 ______ 1,188 120 50 6 _____ U - 2,352 _2,i22_ 6 6,716 i4 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding C o lla t e r a l f o r F . R . n o te s : G o ld c e r t i f i c a t e a c c o u n t E lig ib le paper JJ. S . G o v e rn m e n t s e c u r i t i e s .T o t a l c o lla te ra l 29,821 3,oo( 1,737 6,929 1,878 2,693 2,391 1,705 5,342 1,291 666 1,213 430 1,600 530 770 755 425 1, 430 340 * 160 310 215 1, 000 1,010. 510 670 33 950 755 2, 30P_ 1,293 970 3,300 * 1,365 5,600 1,795 7,200 1,500 2,030 2,050 1.665 2,820 2,420 After deducting &182 million participations of other Federal Reserve Banks, Digitized1/ for FRASER http://fraser.stlouisfed.org/ ■g/ After deducting $ 74 million participations of other Federal Reserve Baniis. Federal Reserve Bank of St. Louis 1,400 1,825 4,100 5,500 1,350 * Less than $500,000•
@FedFRASER