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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release April 4, 1963 h A,i The average of daily figures of total member bank reserves held during the week ended April 3 decreased a net of $9 million to $19.>590 million. Estimated currency and coin of member banks decreased $59 million and their reserve balances at the Federal Reserve Banks increased $50 million. Estimated required reserves increased $24 million^ and estimated excess reserves <_cre>..se $33 million to $4-32 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $258 million, compared with the revised figure o $224 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $336 million in U. S. Government securities bought outright and $26 million held under repurchase agreement, and a decrease ol $119 million in Treasury deposits with Federal Reserve Banks. The principal oxisetting changes were decreases of $253 million in Federal Reserve float and $67 million in member bank borrowings, and an increase of 9110 million in currency in circulation. Total Reserve Bank credit increased $4l million. As of Wednesday, April 3, holdings of U. S. Government securities bought outright were $558 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $77 million lower, and member bank borrowings were $87 million lower. Outright holdings of bills, notes, and bonds increased $4l6 million, $ll4 million, and $28 million, respectively. 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 Averages of daily figures Week ended Change from week ended Apr. 4, Mar. 27, Apr. 3, 1962 ___ 1263____ 1963 (In millions of dollars; 30,855 142 50 +336 + 26 - 1 +1,859 12 + 9 174 30 1,345 32,59? 15,878 5,578 - 67 --253 + 4i -+ 2 "+' 44 + 54,053 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) 34,525 439 895 189 191 1,074 37,313 +110 » 12 -119 16,740 2,850 + + - 19,590 19,158 432 + 3 + 17 - 4 - 6 50 59 9 24 33 99 35 316 + +2,235 - 731 13 +17492 +1,475 + 6 + 495 31 - 160 + 49 + 1,834 + + - 340 267 73 12 85 Wednesday, Apr. 3, 1963— 31,071 47 49 107 30 1,225 32,529 15,878 5,579 53798? 34,624 449 964 170 196 j 1,081 l 37,484 16,501 2,960 19,461 i 19,165 j 296 On April 3, 1963, U..S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7^292 million^ a decrease of $i+9 million for the week and an increo.se of $1 ,55^ million from the comparable date 0. year ago, . H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE ,FEDERAL RESERVE BARKS (in millions of dollars) Apr. 3, .1963— A S S E T S Gold certificate account Redemption fund for F. R. notes ,Total gold certificate reserves Cash Discounts and advances Acceptances— Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities 14,338 1,265 £57^03 L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - — 3 3 - 858 + 128 - 730 378 137 49 - 16 - 87 — + 2,668 13,580 10,524 4,299 31,071 47 31/llS +4l6 — +114 + 28 7558 - 77 +481 - 543 +8,608 -6,409 + 208 +1,864 31,304 +394 +1,752 (1,032 ) 4,991 (1,427) 402 52,781 + 89 — + 17 +45l 500 5 + 17 +1,517 (395) 29,598 +174 +1,468 16,501 + 91 788 964 +113 + - + 87 + 5 + 280 +463 +1,438 934 — -- 100 52,781 + 18 +481 + 25 + 46 + 8 +1,517 (395) Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Apr. 4, Mar. 27, 1962 1963.. (**) (**) (1,032 ) (1,427) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,427) 103 170 196 17,831 3,766 74 51,269 478 - 14 + 7 +197 17 35 9 86 +17775 + 667 29 160 310 -- Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2.40 32 .6$ -.20 lowing pages— not consolidated) Contingent liability on acceptances purchased 18 for foreign correspondents + 1 84 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined Basis on the following pages. MATURITY DISTRIBUTION OF LOADS AND SECURITIES, APRIL 3. 19&3 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Changes Discounts and during week Holdings Acceptances advances + 90 8l0 Within 15 days Ik 105 + 84 16 days to 90 days 4,687 32 35 +165 - - 91 days to 1 year 12,493 +142 10,980 - -Over 1 year to 5 years -Over 5 years to 10 years - 2,183 - -Over 10 years 165 +451 Total S I T E S 49 137 Less than $500,000. H. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 3, 1963 Total Boston Netr York Phila delphia Rich Atlanta Chicago mond St. Louis Minne Kansas apolis City Dallas San Fran cisco (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleve land 14,338 _JU|65_ 15,603 823 71 894 3>383 303 3,686 783 73 856~ 989 1,184 113 1,297 99 1,088 2,498 763 228 73 83T~ 2,726 567 52 632 619“ 293 28 321 51 68J~ 562 l,86l 38 136 5oo~ 1,997 F. R. notes-of other Banks Other cash 395 378 26 97 27 60 37 23 27 33 30 53 35 29 66 11 18 27 9 10 11 28 l4 32 52 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 137 27 27 5 4 6 6 33 1 6 7 4 11 2,668 13,580 10,524 4,299 31,071 47 137 699 541 221 1,598 -- 108 56 547 424 173 287 li4 582 451 ill 564 437 1,332 178 1,290 339 1,724 1,337 546 3,946 Total U. S. Government securities 31,118 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 49 - - 49 667 — — 18 __ _ _ 1,074 7,765 47 147 747 579 237 1,710 -- 220 1,121 868 355 2 ,W — 708 289 568 232 2,089 — 1,676 1,598 7.812 1,710 2,564 2,089 1,676 5,193 1,252 656 1,332 1,290 3,946 31,304 1,625 7,888 1,715 2,568 2,095 1,682 5,226 1,253 662 1,339 1,294 3,957 6,023 429 500 103 954 23 65 245 6 l6 309 7 402 456 l4 23 270 7 34 4o8 5 26 178 3 20 1,163 8 101 18 12 19 749 11 51 54,208 3,024 13,003 4,466 3,670 3,099 9,089 2,168 1,208 2,377 2,237 6,849 3,394 2,630 362 3 22 - 3,018 179 913 144 732 446 2,270 1,759 718 5,193 1,252 222 91 656 185 _ _ 4 7 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BARK ON APRIL 3, 1963 H.4.1(c) San Fran cisco 1,197 883 3,170 4oi 56 4 l 462 803 74 6 2 885 956 76 9 1,042 2,678 119 21 51 2,869 199 142 228 224 599 13 8,874 3 2,116 1 1,173 3 2,313 3 2,152 10 6,648 27 51 6 67 132 16 16 32 4 11 22 2 20 4o 4 27 53 5 64 124 13 3,670 3,099 9,089 2,168 1,208 2,377 2,237 6,849 4 5 12 3 2 3 5 11 Minne apolis Philadelphia 29,993 1,774 7,177 1,804 2,609 2,430 1,704 5,420 1,257 568 l6,501 964 170 196 17,831 722 68 7 1 798 4,255 139 1,219 80 14 2 1,315 752 69 7 6 834 592 59 5 1 657 376 397 329 865 50 9 l 925 382 2,495 112 22 1 2,630 4,798 128 4,579 821 763 62 9 l 835 290 811 4 74 52,696 2,952 19 12,596 3 2,932 7 4,328 4 3,597 4 3,015 23 44 5 129 251 27 27 54 5 44 87 7 23 44 6 54;208 3,024 13,003 3,018 4,466 4 2/22 5 8 Total L I A B I L I T Kansas Dallas City Boston Cleve- Rich Atlanta Chicago mond land (in millions of dol]_ars) St. Louis New York IES 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 1/57 1 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 478 934 100 84 F E D E R A L R E S E R V E AGENTS' F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 31,221 1,826 7,463 443 1,600 7,253 9 1,866 465 3 2,774 2,543 1,771 5,556 1,310 653 1,226 942 3,291 580 620 4co 1,4co 310 130 290 215 800 6 1,000 800 2,800 1,015 3,600 1.434 6,000 1,500 2,250 . 1,976 _ 1,450 4,500 1,100 32,622 1,877 7,600 1,968 2,830 2,596 1,850 5,900 1,4io 25,360 l/ A f t e r d e d u c t i n g $ 1 1 3 m i l l i o n p a r t i c i p a t i o n s of other F e deral R e s e r v e B a nks. / FRASER A f t e r d e d u c t i n g $ 6 2 m i l l i o n p a r t i c i p a t i o n s of other F e d e r a l R e s e r v e B a n k s . Digitized2for ACCOUNTS ,5.5_Q_ 680 1,296
@FedFRASER