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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release April 19, 1962 H.4.1 The average of daily figures of total member bank reserves held during the week ended April 18 increased a net of $l62 million to $19 ;669 million. Estimated currency and coin of member banks increased $187 million and their reserve balances at the Federal Reserve Banks decreased $25 million. Estimated required reserves increased $114 million; and estimated excess reserves increased $48. million to ip^J-91 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4l6 million, compared with the revised figure of $383 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $177 million in U. S. Government securities bought outright and $74 million held under repurchase agreement, and $24 million in gold stock, and increases of $82 million in currency in circulation and $37 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $256 million in Federal Reserve float, and decreases of $48 million in foreign deposits with Federal Reserve Banks and $70 million in "other” F. R. accounts (net). Total Reserve Bank credit increased $19 million. As of Wednesday, April 18, holdings of U. S. Government securities bought outright were $109 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $203 million lower, and member bank borrowings were $11 million lower. Member bank reserves, Reserve Bank credit, and related items 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) Averages of daily figures Week ended Change fro^i week ended Apr. 19, Apr. 11, Apr. 18, 1961 1962 1962 Cn millions of dollars) Ti 28,957 73 4o - 74 - 1 1962 +2, 366 + 63 6 28,884 -38 251 65 1,369 65 + 15 -- 52,791 + 19 - 24 - 5 - 10 + 31 + 57 + 102 +2,,613 - 805 + 170 +1 ,977 + + + + +1 ,376 + 14 + 56 + 32 + 55 6 +1 ,527 33,332 433 450 16,928 193 643 833 2,950 19,878 19,335 543 75 1,412 30,622 16,585 5,584 33,356 425 480 204 364 960 35,769 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) -177 Wednesday, Apr. 18, 17,002 2,667 19,669 19,178 491 +256 82 7 22 48 37 70 15 - 25 +187 +162 +114 + 48 + + + - 190 30,607 16,535 5,583 52,725 508 206 357 961 35,797 On April 18, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,686 million, a decrease of $4l million for the week and a decrease of $567 million from the comparable date a year ago. CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS H.4.1(a) (In m illio n s o f d o lla rs ) Apr. 18, 1962 a s:.s I T S 15,107 1,159. 157266 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Change since Apr. 19, Apr. 11, 1961 1962 - 84 + 6 - 78 + - - + 948 122 826 * Cash Discounts and advances Acceptances— bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities (390) Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Tresurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 355 316 38 7 11 l 2,888 -109 4,972 16,933 4,091 28,864 --— 84 256 6 287584 -109 -203 -312 + 84l - 215 + 512 + 1,310 + 2,445 -+2,446 29,238 -324 + 2,698 5,6o4 +998 + ic8 4n + 17 (1.226) (1.616) 51,962 +666 6o4 l + i4o + 2,531 (390) 28,268 - 16 +1,229 16,928 508 206 +128 - 56 + + - 54 - 8 + 10 + ___351 17,999 +660 (1.226) 4,235 76 (1.616) 50,578 — +654 C A P I T A L A C C O U N T S 453 Capital paid in 888 Surplus 63 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,6l6) 51,982 -- 48 +666 577 152 6 6 717 + 453 + 37 +2,4f6 + + 30 71 6 +2,531 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 3-3# 34 / lowing pages— not consolidated) -•11° Contingent liability on acceptances purchased 52 102 for foreign correspondents Figirr^F pa-rpnt.he.qea are the eliminations made in the consolidating process, * see comparable figures on combined basis on the following p a g e s . ________ _ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 18, 1962 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.; D is c o u n ts and advances Within 15 days l6 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 yea: ?s Over-10. years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis 253 47 A c c e p ta n c e s 11 526 -118 27 - 94 m- 3,593 11,779 10,473 2,247 35 28,664 16 3l8 U. S. Government securities Changes during week H o ld in g s -100 26 -312 H.4.l(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 18, 1962 To ta l B o s to n New Y o rk P h ila d e lp h ia (In 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 R e d e m p tio n f u n d f o r F . R . n o t e s T o t a l g o ld c e r t i f i c a t e r e s e lv e s C le v e la n d 682 15,107 -1,159. ___ 22 16,266 754 3.765 276 4,04l 869 71 940 1,177 R ic h m ond m illio n s 1,048 101 88 1,278 1,136 A t la n ta C h ic a g o S t. L o u is M in n e a p o lis Kansas C it y 583 50 633 334 27 361 644 49 693 768 67 835 2,524 207' 2,731 390 355 14 23 123 73 20 21 16 19 61 10 21 18 8 15 30 65 30 27 14 D is c o u n ts and ad van ce s A c c e p ta n c e s : B ought o u tr ig h t U . S . G o v e rn m e n t s e c u r i t i e s : B ought o u tr ig h t— B ills C e rt if ic a te s N o te s Bonds T o ta l H e l d t in d e r r e p u r c h a s e a g r e e m e n t 316 18 95 15 42 15 4 54 2 2 23 — 38 — 154 714 265 901 218 1,538 1,230 167 287 T o ta l U. 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 lo a n s a nd s e c u r i t i e s C a s h it e m s i n p r o c e s s o f c o lle c tio n B a n k p r e m is e s O th e r a s s e ts T O T A L A S S ETS 2,888 4,972 16,933 j£*02l 28,884 — 28,884 — 1,538 29,238 1,556 978 237 1,669 244 422 1,436 .347 2,449 1,072 258 1,828 — ~~ -- -- JM43 . 1,669 2,449 1,828 1,588 4,936 1,165 7,276 1,684 2,491 1,843 1,592 4,990 442 3 24 552 8 36 479 5 25 1,075 24 3,127 4,4l6 3,523 4,188 1,011 7,143 6,830 479 108 4ll 3 21 1,392 9 102 53,598 2,850 13,016 159 273 931 225 1,588 10 —— — 183 315 F ra n c is c o o f d o l]. a r s ) F . R . n o te s o f o th e r Banks O th e r cash 38 Sea D a lla s 494 117 850 200 2,893 699 47936 683 165 W 62 106 363 88 619 126 217 593 37 630 22 2,120 114 2,234 13 39 53 22 24 — «— 117 351 178 202 688 166 1,259 1,173 499 3,517 619 1,259 1,173 3,517 1,167 621 1,282 1,195 3,541 274 7 186 360 6 18 286 13 19 789 11 51 2,384 2,178 6,718 “ 738 605 2,062 -- 516 14 23 3,075 67 16 5 9 8,975 2,128 1,208 E.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 18, 1962 Total Boston New York Phila delphia Cleveland Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Fran cisco (In millions of dollars) 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 Rich mond 28,658 1,696 6,637 1,835 2,555 2,312 l, 636 5,£30 1, 229 587 1, l8l 824 2,936 16,928 645 18 4,519 99 1,205 508 206 721 887 24 11 1 2,567 36 19 1 1,251 4l 9 5 776 407 23 5 * 832 32 8 2 986 37 11 1 2,758 122 27 923 2 2, 633 594 25 7 * 626 435 87S 2,949 3 9 6,530 357 17,999 673 4,980 807 25 11 1 844 5,461 4ll 1,000 363 473 365 437 901 221 151 267 1,035 236 76 52,194 k 19 12,636 5 3,047 6 5 3,458 4 3,000 12 3 2, 079 3 1,176 3 2, 325 2,098 21 453 888 42 63 .... 3 123 26 42 16 6 19 37 3 61 31 2 10 20 2 26 83 21 4o 4 24 51 3 . 50 4 120 7 53,598 2,850 13,016 3,127 4,4l6 3,523 3,075 2,123 1,208 2, 334 2,178 6,718 102 5 2/28 6 10 5 5 3 2 4 6 l4 9 1 2,784 1/61 301 26 4,285 28 8,776 42 636 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign corre spondent s 243 14 FEDERAL RESERV E AGENTS' F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 29,873 1,747 “"6,947 7,955 31 23,205 450 1,600 -1,365 -- 31,191 1,815 4 64 124 11 __8l 975__ i4 ACCOUNTS 885— 3,077 215 1, 000 -- 510 310 19 950 670 1,279 970 1,856“ 2,695 2, 394 1, 709 5,35S~ 1,296 ■555" 770 755 -- 1, 400 — 4,100 340 * 1, 010 160 5, 380 1,350 5,600 -12 1,500 2,050 1,665 425 -1, 400 7,200 2, 042 2, 820 2, 420 1,825 530 1/ After deducting $l45 million participations of c-.•her Federal Reserve £s,nks. Jb million participations of other Federal Reserve Banks. Digitized FRASERdeducting $ 2/forAfter 47 -- 1,219 -755 2,300 3,300
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