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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 2, 1962 The average of daily figures of total member bank reserves held during the reek ended August 1 decreased a net of $179 million to $19,824 million. Estimated currency and coin of member banks increased $11 million and their reserve balances at the Federal Reserve Banks decreased $190 million. Estimated required reserves decreased $3 million; and estimated excess reserves decreased $176 million to $400 million. Excess reserves exceeded member bank borrorings at the Federal Reserve Banks by $330 million, compared rith the revised figure of $517 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks vere decreases of $622 million in Federal Reserve float, $101 mil lion in gold stock, and an increase of $26 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes vere an increase of $362 million in U. S. Government securities bought outright and decreases of $123 million in Treasury deposits vith Federal Reserve Banks and $90 million in currency in circulation. Total Reserve Bank credit decreased $249 million. As of Wednesday, August 1, holdings of U. S. Government securities bought outright uere $779 million higher than a reek earlier and member bank borrovings vere $58 million higher. Outright holdings of bills, certificates, and notes, increased $713 million, $14 million, and $52 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 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) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Aug. 1, July 25, [ Aug. 2, 1961. 1962 1 1962 (In millions of dollars) 29,592 -43 1 +362 -- +2,363 90 + - + + 3 3 5,6o 4 + 11 --622 -249 -101 + 1 52,837 -350 33,811 415 428 234 3^3 643 35,875 - 90 + 11 16,962 2,862 -190 + 11 -179 - 3 70 15 1,3^6 31,066 16,168 19,824 19,424 400 -123 + 13 + 26 + 2 AES0 -176 Wednesday, Aug. 1, 1962 29,959 10 1 42 1 5 + 15 + 265 +2,558 -1,359 + 77 +1,275 179 15 1,084 31,280 16,148 +1,361 29 28 4 + 37 - 326 +1,012 33,845 423 333 25b 3^4 639 35,846 263 17,189 3,009 + + + + - 5,601 53,029 275 538 20,198 77 19,532 666 615 On August 1, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account vere $6,039 million, a decrea.se of Digitized$363 for FRASER million for the veek and an increase of $319 million from the comparable http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis H.1(a) CONSOLIDATED STATEMENT OE CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Aug. 1, 1962 A S S E T S Gold certificate account Redemption fund for F. R« notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held -under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 14,665 1,206 15,871 (429) 194 42 1 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L a c c o u Capital paid in """ Surplus Other capital accounts 1962 1961 -- 60 -1,560 + 163 -1,397 - 1 + 58 + 15 2 1 + + 9 - + + 60 26 1 29,959 +713 + l4 + 52 -+779 -+779 + 638 +4,023 -2,499 + 372 + 2, 534 - l44 + 2,390 30,196 +84o +2, 426 (1,053) 4,8l8 + (1,482) 52,139 -155 - 2 + 22 +644 (429) 28,770 + 4-5 +1,260 17,189 333 +538 + + + + 3,007 5,745 17,341 3,866 29,959 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 380 Change since Aug. 2, July 25, 106 768 256 344 18,122 -232 + 19 + 4l +366 +213 + 5 (1,482) 3,734 66 507692 + i(l, 482) 459 888 100 52,139 (1,053) +629 393 5 + 505 +1,907 386 213 45 11 229 + 304 + l4 +1,867" n t s 1 -+ i4 Tm + + 30 71 1 +1,907 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shot/n on the fol - 4.2<jo 33-5$ lowing pages— not consolidated) Contingent liability on acceptances purchased 63 80 for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process^ _____ see comparable figures on combined basis on following pages.____________ __ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 1, 1962 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance vith maximum maturity of the agreements.) U. S. Government securities Changes Discounts and during week Holdings Acceptances advances 4,118 +3,697 13 Within 15 days 175 -3,359 30 1, 565 16 days to 90 days 19 + 441 11,687 91 days to 1 year -- 10,156 Over 1 year to 5 years -. -2,219 Over 5 years to 10 years ... -214 DigitizedOver for FRASER 10 years -http://fraser.stlouisfed.org/ + 779“ 29,959 S3 Total 194 Federal Reserve Bank of St. Louis STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 1, 1962 H.4.1(h) To ta l B o s to n Nev 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 re s e rv e s C le v e la n d 14,665 736 1 ,206 3,860 69 865 286 4,i46 '15,871" R ic h A t la n ta mond m illio n s 960 C h ic a g o L o u is M in n e a p o lis K ansas C it y D a lla s San F ra n c is c o o f d o lla rs ) 2,643 94 1,054 732 74 806 1,207 103 1,310 806 735 71 S t. 601 50 268 27 2,86l 651 295 218 6l6 48 538 39 577 1,769 127 1,396 F . R . n o te s o f o th e r Banks O th e r cash 429 380 36 25 107 76 45 19 21 32 22 19 50 31 25 65 14 19 29 11 15 12 18 12 47 59 D is c o u n ts and advances A c c e p ta n c e s : B ought o u tr ig h t 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 U . S . G o v e rn m e n t s e c u r i t i e s : Bought o u t r 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 194 7 19 2 4 17 11 46 2 3 35 9 39 42 1 --- 42 --- -- — -- — -- — --- --- 3,007 5,745 17,341 3,866 29,959 -- 156 746 1,424 65 124 1,557 -- 958 7,426 -- 1,947 -- 931 208 I,6oEF -- 119 505 964 227 686 2,911 649 153 5 ,029 ' 1,185 --- T o t a l U . S* G o v e rn m e n t s e c u r i t i e s 29,959 _i,557 7,426 1,710 2,517 1,947 1,608 5,029 1,3.85 646 T o t a l lo a n s a n d s e c u r i t i e s 30,196 1,564 7,488 1,712 2,521 1,964 1,619 5,075 1,187 649 5,871 429 3 38 1,138 9 489 8 68 4c4 5 42 439 i4 42 915 24 198 365 3 44 116 248 6 28 2,900 13,162 2,994 4,449 3,510 3,001 9,c8l 2,153 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 TO TA L AS S ETS 106 768 53,621 299 901 4,298 r* -1 i — l 172 328 990 220 1,710 252 483 1,457 325 2,517 _ _ 195 374 1,127 251 l6l 308 374 83 646" " -- — - - -- -- -- 131 122 383 732 2,210 493 250 755 168 232 701 157 1,212 3,818 1,212 3,818 1,339 1,221 3,857 175 4 17 33^ 6 33 253 13 37 682 11 105 1,180 2,403 2,131 6,657 i ,3o 4~ H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 1, 1962 Total Boston Phila delphia New York Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco 1,241 575 1,205 867 3,048 2,660 (In millions5 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 Cleve land 29,199 1,740 6,744 1,831 2,572 2,367 1,683 5,326 17,189 333 661 26 4,779 4 1/78 1,289 21 23 1 860 2,686 619 30 8 * 396 23 6 * 852 1 13 1 875 39 34 2 38 10 2 930 29 14 * 1,334 716 22 11 3 752 2,761 657 425 902 973 87 33 47 2,827 146 232 206 580 344 12 1 18,122 700 5,147 741 13 14 l 769 4,787 388 864 309 403 318 362 777 202 66 52,174 27832 3 12,771 2,912 6 4,315 4 3,441 4 2,924 11 8,875 3 2,103 459 888 100 22 42 4 124 243 24 26 43 16 83 8 25 47 5 65 51 5 21 40 8 124 17 53,621 2, 900 13,162 2,994 4,449 3,510 3,001 80 4 2/22 5 7 4 4 256 4 286 16 1 ____ ____ 3 2,342 2,o 49 1,147 8 6,463 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 61 19 31 3 11 20 2 37 5 50 9,081 - 2,153 1,180 2,403 2.131 2 3 k 11 ,2 4 o 942 3,209 215 900 11 3 26 6 120 13 6,657. FEDERAL RESERVE AGENTS' ACCOUNTS F . R. notes outstanding Collateral for F . R . notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1 , 8o4 7,046 1,889 2,734 2,460 1,749 5,462 1,303 7,820 37 23,840 480 1,600 720 680 ^85 -- 1 , 4co 5,600 2,100 1,805 1, h C O 4,300 34o 2 1,010 160 l, 390 530 1 1, 500 530 310 34 950 31,697 1,870 7,200 2,031 2,820 2,485 1,885 5,700 1,352 690 1,294 — — 1/ After deducting 4178 million participations of other Federal Reserve Banks. 2/FRASER After deducting $ 58 million participations of other Federal Reserve Banks. Digitized for —m r 30,504 — — i -- -- 755 2, 500 970 3,400 * Less than $500,000
@FedFRASER