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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1*’” For immediate release August 16, 1962 The average of daily figures of total member bank reserves held during the week ended August 15 decreased a net of $18 million to $19,800 million. Estimated currency and coin of member banks increased $158 million and their reserve balances at the Federal Reserve Banks decreased $178 million. Estimated required reserves decreased $91 million; and estimated excess reserves increased $73 million to $566 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $436 million, compared with the revised figure of $337 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $34 million in U. S. Government securities bought outright and $26 million in member bank borrowings, and increases of $121 million in currency in circulation, $110 million in Treasury deposits with Federal Reserve Banks, and $44 million in "other" deposits with Federal Reserve Banks. The principal offsetting change was an increase of $129 million in Federal Reserve float. Total Reserve Bank credit increased $83 million. As of Wednesday, August 15, holdings of U.S. Government securities bought outright were $30 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $121 million higher, and member bank borrowings were $318 million lower. Outright holdings of bills and notes decreased $30 million and $3,717 million, respectively; certificates increased $3>717 million. Changes in holdings of certificates and notes reflected the exchange of $3,717 million notes maturing August 15 for a like amount of 3-l/2 per cent certificates maturing August 15, 1983* Member bank reserves, Reserve Bank credit, and related items ____ Averages of daily figures Week ended Change from week ended Wednesday Aug. 15, Aug. 16, Aug. 8, Aug. 15, (In millions 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 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) 1961 1962 1962 30,160 - 34 17 + 17 +2,885 - 179 4l ***• - 3 + 130 15 1,279 31,642 - 26 * 1962 of dollars) 7 30,143 121 39 "" + 68 + 15 + 170 314 15 16,148 -+129 + 83 -- 5,596 53,386 - 7 + 76 + 2,966 -1,453 + 51 +1,564 +121 +1,395 34,042 - 59 + 100 178 34,059 402 598 198 375 703 36,336 - 15 +110 - 19 + 44 + 11 20 + 100 - 336 + 1 ,lBl 1,388 32,020 16,148 5,596 53,764 4o4 597 336 834 36,391 T 252 Member bank reserves: -176 17,373 + 383 17,050 With Federal Reserve Banks 3,064 + 220 +158 2,750 Currency and coin (estimated) - 18 + 603 19,800 20,437 Total reserves held 19,286 + 64l Required reserves (estimated) 19,234 - 91 1,151 566 38 Excess reserves (estimated) + 73 * Less than $500,000. On August 15, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,298 million, an increase of $46 million for the week and an increase of $128 million from the comparable http://fraser.stlouisfed.org/ date Bank a year ago. Federal Reserve of St. Louis H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Aug. 15, 1962 ASSETS Cash Discounts and advances Acceptances— bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 382 329 39 3,1^7 9, 1+88 13,639 3,869 30,l*+3 Total loans and securities (1,178) 3 - 5 318 3 30 +3,717 -3,717 -- -1,619 * 159 -1,A60 Ik + + 213 7 + 952 +7,778 -6,207 + 3^1 +2,6 bk 121 30,26k + + 30 121 91 +2,853 30,632 - 230 +3,073 5,861 106 5kl (1 ,568) 53,393 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1 2 1,199 15,671 * (390) 1961 1962 Ik, 672 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Aug. 16, Aug. 8, 178 + + 187 9k> 5 + 383 +2,i+37 7 +1,307 + + - 336 18,kdk + (1,178) *+,1+73 70 (1,568) 51,982 + + + C A P I T A L A C C O U N T S k60 Capital paid in 888 Surplus Other capital accounts 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1, 568) 53,393 k60 +1,365 (390) 28,955 17,373 597 11 106 5 19 k 88" 911 1 993 + + + + 579 73 51 1+7 bk& + 382 + 7 + 2,$kk + + + 53 9 ko 31 71 9 +2,1+37 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) 33*2$ - «1$> - k.b’jo Contingent liability on acceptances purchased for foreign correspondents 78 - 2 65 * Figures in parentheses are the eliminations made in the consolidating process; ____see comparable figures on combined basis on the following pages.____________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 15, 1962 (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 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 10 years DigitizedOver for FRASER http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis 327 2 Acceptances 9 30 -- -329 — 39 U. S. Government securities Changes during week Holdings -3,656 501 + 58 1, 679 +k, 023 15,8l8 - 33^ 9,833 2,219 -21*+ 30,2 bk + 91 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 15, 1962 H.4.1(b) To ta l B o s to n New Y o rk P h ila d e lp h ia C le v e la n d (in R ic h mond m illio n s A t la n ta C h ic a g o M in n e a p o lis S t. L o u is l4 , 672 1,199 15,671 697 F . R . n o te s o f o th e r Banks O th e r cash 390 D is c o u n ts and a d va n ce s A c c e p ta n c e s : B ou ght 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 : Bought o u tr ig h t— B ills C e rt if ic a te s N o te s Bonds To ta l 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 T o t a l U. S. G o v e rn m e n t s e c u r itie 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 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 802 2,521 560 1,933 b& 730 38 596 2,059 16 11 17 ll 12 46 «—o 58 2 2 19 8 8 125 68 205 294 83 137 413 593 127 1,312 156 1,219 4oi 1,209 1,739 493 3,842 739 72 811 1,199 102 1,301 1,075 92 1,167 93 77 46 l4 32 20 21 44 31 21 382 38 25 64 9 19 329 54 6l 8 ll 13 21 122 -- 39 —— “ 163 780 180 265 169 528 493 709 2,352 3,380 959 7,471 541 778 221 1,720 797 l,l46 325 2,533 509 732 1,593 39 3,147 9,488 13,639 3,869 30,143 121 755“ 201 1,566 «... 21 121 -- 204 617 886 252 1,959 — San F ra n c is c o 682 638 3,5U 284 3,795 69 D a lla s o f d o lla rs ) 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 re s e rv e s Kansas C it y 74 216 2,737 208 1 ,618" 51 689 375 54o 649 153 5,06c ~ 1,193 2,290 -- ~ — 315 27 342“ 26 650~ mi 169 384 552 126 —> 30,264 1,566 7,592 1,720 2,533 1,959 1,618 5,060 1,193 650 1,312 1,219 3,842 30,632 1,620 7,692 1,728 2,544 1,972 1,639 5,182 1,195 652 1,331 1,227 3,850 7,039 474 3 431 3 31 585 531 5 1,113 24 313 212 350 288 786 13 19 24 28 ll 71 3,071 80 9,221 4 13 2,250 1,260 2,468 2,183 6,881 of 541 28 1,438 9 l4l 54,961 2,954 13,245 106 8 518 49 28 l4 29 4,533 3,744 3,151 6 6 H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 15, 1962 Total Boston New York Phila delphia Cleveland 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 29,3^5 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 5,651 1,742 6,77^ 1,826 2, 589 2, 376 1,698 5, 367 1,246 574 1,208 876 3,069 702 4,549 759 1,260 26 765 2,652 649 884 4l 7 2,846 55 2,724 2 717 445 28 4 964 110 112 28 282 5,003 9 * 79^ 1 7 3 1, 302 885 898 47 9 1 955 398 1,069 365 505 412 4i8 919 4 70 53,550 2,888 4 12,864 2,991 4,402 2,201 124 243 26 888 63 22 42 2 14 51 3 43 83 5 54,961 2,954 13,245 3,071 4,533 78 4 2/21 5 7 17,373 597 34 178 8 336 * ~ w i/ 60 18 4 15 47 23 2 3,677 3,075 11 9,021 21 25 47 65 124 4 6 61 5 * 2 477 236 174 2 2 1,227 8 9 22 934 1 982 2,965 264 242 649 ____ 1 _ 2,409 42 3 9 2,103 6,692 26 62 120 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 460 4o 6 4 11 3,744 3,151 9,221 3 4 11 16 n 20 2 31 2 19 37 50 3 4 2*250 _ 1,260 2,468 2,183 6.881 3 2 3 k 11 7 FEDERAL RESERVE AGENTS' ACCOUNTS 30,585 1,802 7,037 1,881 2,746 2,471 l, 769 5,499 1,305 66l 1,238 940 3,236 7,790 48o 1,600 500 720 680 485 1,4oo 340 160 215 900 27 -- -- -- -- -- 1,390 5,600 7 1, 5CO 310 18 530 690 LTn F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities i,4oo 4,300 2 1,010 Total collateral 2,820 7,200 2,485 2,007 31,657 1,870 i A.DJ___ JS_ 1 _.1 • /!>1 1 U . -v ... l/ After deducting $118 million participations of other Federal Reserve Banks. 1,885 5,700 1,352 T 2/ After deducting $ 57 million participations of other Federal Reserve Banks. O 1—1 2, ICO 00 23.840 — ,w77, — -- — — * 950 ....- - Z 5 5 - 1,278 970 Less than $500,000 2.5C0 3, 400
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