The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 26, 1962 The average of daily figures of total member bank reserves held, during the week ended April 25 increased $167 million to $19;852 million. Estimated currency and coin of member banks increased $54 million and their reserve balances at the Federal Reserve Banks increased $113 million. Estimated required reserves increased $l4l million; and estimated excess reserves increased $26 million to $523 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $438 million compared with the revised figure of $422 million the week before. T h e p r i n c i p a l c h a n g e s s u p p l y i n g a v e r a g e re serfle b a la n c e s w i t h F e d e r a l R e s e r v e B a n k s w e re i n c r e a s e s o f $78 m i l l i o n i n U. S . G o v e rn m e n t s e c u r i t i e s h e l d u n d e r r e p u r c h a s e a g re e m e n t a n d $ 8 8 m i l l i o n i n F e d e r a l R e s e r v e f l o a t ; a n d a d e c r e a s e o f $112 m i l l i o n i n c u r r e n c y i n c i r c u l a t i o n . T h e p r i n c i p a l o f f s e t t i n g c h a n g e s w e re d e c r e a s e s o f $75 m i l l i o n i n U. S . G o v e 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 a n d $62 m i l l i o n i n g o l d s t o c k ; a n d a n i n c r e a s e o f $38 m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l R e s e rv e B a n k s . T o t a l R e s e r v e B a n k c r e d i t i n c r e a s e d $100 m i l l i o n . As of Wednesday, April 25, holdings of U. S. Government securities bought outright were $16 million lower than a week earlier, U . S . Government securities held under repurchase agreement were $94 million higher, and member bank borrowings were $34 million higher. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Apr. 26, Apr. 18, Apr:. .25, 1962 1962 1961 Wednesday, Apr. 25,' 1962 (In millions of dollars) Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement Discounts and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding 28,882 151 QO 3^ 1 + 2 1 85 + 10 65 1,500 30,722 16,523 5,586 5^BJ2 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) - 75 + 78 33,244 428 -- 88 +100 - 62 + 2 + +~4I -112 354 963 357715 + 3 + 38 + 5 - 10 + 3 - 73 17,115 +113 518 209 2,737 19,852 19,329 523 + 54 +167 +l4l + 26 +2,493 + 151 28,868 94 6 1 37 ■*'*" + 48 + 60 + 221 +2,967 - 867 + 169 + 2,270 285 + 65 1,169 30,518 16,495 5,587 52,606 +1,437 + 14 + 144 + 15 + 56 -+ 1,666 33,135 431 551 + 6o4 + 230 + 834 16,993 +1,042 - 208 220 315 955 35,607 3,020 20,013 19,313 700 On April 25, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,643 million, a decrease of $43 million for the week and a decrease of $534 million from the comparable date a year http://fraser.stlouisfed.org/ ago. Federal Reserve Bank of St. Louis H.4 . 1 ( a ) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS ( i n m illio n s o f d o lla r s ) Apr. 25, - 1962__ A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--Bought outright U. S. Government securities: Bought outright— Bills Certificates Note 8 Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities (455) - 40 - 4 - 44 + 7 378 350 37 + 23 + 34 - l + 4,972 16,933 4,091 2^858 94 28,962 29, 349 Cash items in process of collection Bank premises Other assets TOTAL ASSETS (1,113) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 5,082 108 - 16 — — «... + + 16 94 78 992 125 887 69 312 6 + 898 29 + 515 +1,256 + 2,640 + 94 +2,735 +111 -522 +3,040 -- + 544 (l, 568) 430 51,569 + 19 ■3+13 -+ l4i +2,789 (455) 28,084 -184 +1,176 16,993 551 +1,093 + 50 315 18,079 + 65 + 43 + 14 - 42 + 80 3,913 73 507159 -322 - 3 5529 + 343 + 36 +2,693 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits C A P I T A L 15,067 1,155 l6,222 2,872 Total leans and securities Change since Apr. 26, Apr. 18, 1962 ..1961__ 220 (1,113) (1,568) A C C O U N T S 454 888 78 C a p it a l p a id i n S u r p lu s O th e r c a p i t a l a c c o u n ts TOTAL LIABILITIES AND CAPITAL ACCOUNTS(l, 568) 51,569 + l -- + 15 -4i3 12 + 7 +1,138 + + 31 71 6 + 2,789 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shewn on the fol - 3*8$ -.1$ lowing pages--not consolidated) 34 .8$ Contingent liability on acceptances purchased for foreign correspondents -51 102 * Figures in parentheses are the eliminations made in the consolidating process; ___see comparable figures on combined basis on the following pages.____________ MATURITY DISTRIBUriOH OF LOAMS AMD SECURITIES, APRIL 25, 1962 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. G o v e rn m e n t s e c u r i t i e s Changes Discounts and during week Holdings advances Acceptances +I5o 666 Within 15 days 11 309^ 16 days to 90 days 26 - 35 3,558 26r/ 91 days to 1 year - 27 11,752 15i/ -Over 1 year to 5 years 10, 473 -Over 5 years to 10 years 2,247 -Over 10 years 266 Total 28,962 +“78 350 37 f FRASER F i g u r e s f o r t h e s e g r o u p s a s o f A p r i l 3.8 c o r r e c t e d to 273, 28, end 3.5 millions, Digitizedi for r e s p e c tiv e ly . - - - - - — - - - - H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 25, 1962 Total Boston New York Phila delphia Cleve land Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco 554 50 6o4 333 27 628 560 1,967 49 37 ll4 380 677 597 2,081 19 (in millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Rich mond 15,067 1,155 16,222 F. R. notes of other Banks Other cash 455 378 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright-~ Bills Certificates Notes Bonds Total Held under repurchase agreement 350 37 2,872 8l6 755 3,985 275 4,260 22 132 24 5 683 72 -- 153 71 1,222 101 887 75 80 37 710 1,230 1,323 1,035 86 1,121 813 26 16 27 30 20 21 70 33 33 14 65 21 20 36 15 17 34 16 -- 166 287 978 237 1,668 746 67 2,538 206 2,744 ' 8 12 15 27 15 50 58 1 59 11 56 — -- —M -. -. «._ 2b3 k22 182 158 273 931 491 116 200 62 106 363 88 619 178 1,258 1,173 499 3,515 «— 125 117 349 265 901 2.1.8 4,188 94 1,537 -- 7,139 94 Total U. S. Government securities 28,962 1,537 7,233 1,663 2,448 1,827 1,587 4,933 1,164 619 1,258 1,173 3,515 Total loans and securities 29,349 1,542 7,350 1,688 2,484 1,842 i,6o4 4,967 1,180 620 1,317 1,184 3,571 6,195 l,l4l 9 415 3 512 435 5 496 1,022 249 170 324 291 707 24 7 71 16 5 430 433 3 23 10 19 18 53,137 2,802 8,926 2,091 1,192 2,370 2,145 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 4,972 16,933 - J b 9.9.1: 28,868 108 1,011 108 13,075 -- 1,436 347 2,448 315 1,072 258 1,827 225 1,587 850 2,893 699 4,933 -- _ _ 8 2b 38 26 14 24 3,059 4,422 3,470 3,054 683 165 1,164 -- 217 738 202 688 166 605 2,062 -- 6 13 11 53 6,531 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 2$, 1962 T o ta l Boston P h ila delphia SJew York D eferred 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 Rich mond A tlan ta Chicago S t. Louis Minne a p o lis Kansas C ity D allas San Fran c is c o (In m illio n s o f doll Lars) L I A B I L I T I E S F ed eral Reserve n o tes D ep o sits: Member hank re se rv e s U .S . T re a su re r-g e n e ra l account Foreign Other T o ta l d e p o sits Cleve land 28,539 1,690 6,620 1,830 2,544 2,304 1,623 5,207 1, 225 586 1,177 822 2,911 618 20 10 1 77b 32 13 * 1,241 24 713 28 10 881 22 12 2,611 582 21 403 19 5 824 38 9 938 51 819 1,287 3 754 b27 873 12 1 1,002 2,675 99 30 46 649 4,733 l4o l/6l 257 5,191 5,026 392 859 325 453 342 73 51,717 4 21 b 2,735 12,691 2,978 454 21 123 243 26 42 21 18 51 4 83 6 40 5 16,993 551 220 315 18,079 21 1 7 4,291 " 57 30 7 * 2 916 2 2,700 1 611 436 805 203 145 257 237 4 4 3,4 o 4 " 2,979 12 2 1 1,159 3 2,310 3 2,06k 19 37 4 1 8,725” 2 , o5 5 ~ 2,850 572 8 6,341 CAPITAL ACCOUNTS C a p ita l paid in Surplus Other c a p i t a l acco u n ts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent l i a b i l i t y on a c c e p t ances purchased f o r fo re ig n c o rre spondents 888 24 47 78 42 4 53,137 2,802 13,075 3,059 4,422 3,470 3,054 102 5 2/28 6 10 _5 5 26 61 120 64 124 14 16 31 3 11 20 2 8,926 2,091 1,192 2,370 2,145 6,531 2 4 6 l4 l4 ______ i _ 50 5 9 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. n o tes outstanding C o lla te r a l f o r F . R. n o te s : Gold c e r t i f i c a t e account E lig ib le paper U. S . Government s e c u r i t i e s T o ta l c o l l a t e r a l 29,891 1,742 6,968 1,89^ 2,707 2,393 1,704 5,348 1,285 670 1,217 886 3,077 7,955 450 1,600 530 17 770 755 425 1,400 160 — 2,050 2,820 — 340 l4 1,665 2,420 1,400 4,100 1,825 5,500 88 - - 1,365 31,268 1,815 23,225 -- 5,600 7,200 1,500 2 , 0b7 _______ _ _ as of other Federal Reserve Banks. Digitized2/ for FRASER After deducting $ 7b million participations of other Federal Reserve Banks. -- 310 215 1,000 1,010 — 530 57 950 1,364 690 1,317 —“ 755970 2,300 3,300 * Less than $500/000-
@FedFRASER