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FEDERAL .'-ytURESg RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.!*•••* For M e d i a t e release August 9, 1962 The average of daily figures of total member hank reserves held during the veek ended August 8 remained unchanged at $ 19,838 million. Estimated currency and coin of member banks decreased $264 million and their reserve balances at the Federal Reserve Banks increased by the same amount. Estimated required reserves decreased 871 million] and estimated excess reserves increased by that amount to $507 million. Excess reserves exceeded member bank borrovings at the Federal Reserve Banks by $351 million, compared with the revised figure of $366 million the ireek before. The principal changes supplying average reserve balances with Federal Reserve Banks vere increases of $602 million in U. S. Government securities bought outright and $86 million in member bank borrovings. The principal off setting changes irere decreases of $196 million in Federal Reserve float and $20 million in gold stock, and increases of $127 million in currency in circulation, $60 million in Treasury deposits vith Federal Reserve Banks, and $4-9 million in "other" F. R. accounts (net). Total Reserve Bank credit increased 8^93 million. As of Wednesday, August 8, holdings of U. S. Government securities bought outright vere $ 2l4 million higher than a veeli earlier and member bank borrovings vere $453 million higher. Outright holdings of bills, certificates, notes, and bonds increased $170 million, $26 million, $15 million, and $3 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) * Less than $500,000. Averages of daily figures Week ended Change from week ended Aug. 8, Aug. 9, Aug. 1, 1962 1961 1962 (In millions of dollars) Wednesday, Aug. 8, 1962 +602 + 2,710 - 130 30,173 + - + 30,194 44 * 156 15 1,150 31,559 16,148 1 1 42 10 632 + 86 --195 +493 - 20 - 1 4473 + 33 + 15 + 144 +27752 -1,400 + 60 +i,44i 15 934 31,796 16,148 5,604 53,548 33,938 417 488 217 331 +127 +1,374 6 + 21 17 + 27 - 332 36,084 +209 +37068 34,032 421 592 197 340 699 17,226 +264 -264 374 19,331 507 - 71 + 71 + + + + - 17,267 2,821 20,08§ 19,257 50 831 5,603 53,310 692 2,612 19,838 + 2 + 60 - 17 - 12 + 49 -- 256 630 680 36,281 On August 8, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account vere $6,252 million, an increase of $213 million for the veek and an increase of $76 million from the comparable http://fraser.stlouisfed.org/ a Bank year Federaldate Reserve of St.ago. Louis H.4.l(a) C O N S O LID A TE D S TA TEM EN T OF C O N D IT IO N OF T H E TW ELVE FED ER A L RESERVE BANKS ( i n m illio n s o f d o lla r s ) .Change s in c e A u g . 9, A u g . 1, Aug. 8, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 1962 + + l4, 673 1,201 15,874 8 5 3 1961 -1,619 + 158 -1,461 * Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S« Government securities (383) _ _ 42 - 1 + 174 + 10 1 +170 + 26 3,177 5,771 17,356 3,869 30,173 + 15 + 3 +2l4 - - “- + 883 +4,061 -2,483 + 360 +2,821 - l48 +2,673 307i 73 +214 30,862 +2,857 4,1+96 +666 -322 (1.231) 52,453 - 4o +3i5 + 443 +2,159 28,962 +192 +1,328 17,267 592 197 340 18,396 + 78 +259 - 59 - 4 +274 + + + + 3,562 ____ 69 (1.231) 50,989 -172 + 278 + i4 72,055 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS + 7 +453 387 647 (8E8) 106 728 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits (383) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (848) C A P 1 T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1.231 ) + 3 +297 + 460 888 l -- 116 52,453 4* l6 7515 + 325 k 280 143 58 70 435 + 31 + 71 + 2 +2,159 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shewn on the fol - 4.4$ -.2 $ lowing pages--not consolidated) 33*3$ Contingent liability on acceptances purchased for foreign correspondents 80 ~ . * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on following p a g e s . -------MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 8, 1962 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. 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 Over 10 years Total 629 18 - _ Acceptances 11 31 - - - «... 557 - - H2 S . G o v e rn m e n t se c u r i t i e s Changes Holdings during week 4,157 1,621 n , 795 10,167 2,219 + 39 + 56 +ic8 + ll 214 30,173 7215 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 8 , 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 l a n t a C h ic a g o S t. L o u is M in n e a p o lis K a n sa s C it y D a lla s San F ra n c is c o o f d o l]L a 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 r e s e rv e s F . R . n o te s O th e r cash o f o th e r Banks 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 : 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 To 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 n d 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 SETS 726 856 1,220 103 1,323 971 92 1,063 95 89 44 20 14 32 333 26 31 -- -- 70 796 3,776 284 4,c6o 383 387 37 24 647 40 14,673 1,201 15,874 42 3,177 5,771 17,356 3,869 30,173 __ _ -- 165 300 902 201 1,568 42 787 1,430 4,302 959 7,478 - 784 72 182 329 990 221 1,722 — 267 485 1,458 325 2,535 ... 812 2,424 301 620 328 48 668 1,996 19 19 47 30 19 64 9 19 25 11 16 11 17 12 41 56 39 23 128 52 10 49 17 99 — -- ”- — “*— 69 125 374 138 251 756 206 375 1,128 252 1,961 — — — 170 310 931 533 126 969 228 2,914 649 5,065 153 1,194 208 1,619 - - -- 687 27 129 233 83 169 702 156 651 1,314 1,220 -- -- 1.722 2.535 1,961 1.619 5.065 1.194 651 30,862 1,608 7,653 1,748 2,566 2,000 1,642 5,193 1,246 661 1,363 993 9 453 8 66 437 5 4l 409 14 4o 8c4 24 110 167 257 6 4 188 338 3 43 229 728 407 3 ^6 27 16 6 31 53,684 2,911 13,087 3,052 4,462 3,584 3,068 8,855 2,181 1,212 2,352 106 612 2,64l 7.478 5,344 1,870 126 74 886 1,568 30,173 573 39 596 49 645 217 -- -...l,..3,i4_ 1,220 1,237 405 736 2,212 493 3,846 -- 3,846 3,945 613 237 11 13 35 ____ 25_ 2,163 6,757 .4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 8, 1962 Total Boston New York Phila delphia, Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of do"Liars) L I A B I L I T I E S 2,380 1,699 5,354 1,245 576 1, 211 876 3,071 883 49 10 2 944 2,515 629 20 7 * 835 4i 8 2 886 950 44 11 1 656 435 24 5 * 464 2,765 35 19 * 1,356 752 58 9 3 822 1,006 96 27 42 2,930 297 381 307 343 677 226 137 191 196 552 17 12,692 4 2,969 6 4,326 5 3,514 4 2,990 11 8,646 124 243 28 26 51 6 43 83 10 21 4o 9 25 47 65 124 20 3,068 1,828 2,583 801 1,302 5,146 27 11 1 846 353 750 4 |2,842 ! : 22 Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits 29,3^5 1,743 6,779 17,267 592 197 340 18,396 704 4,696 110 1/54 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4,4io 69 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign c0rre spondents 52,220 28 9 l 742 286 27 2 2,6o4 1 ______3______ 3_ 3 . 2,081 2,291 1,178 2,130 8 6,561 j 46o 888 116 42 5 53,684 2,911 13,087 3,052 4,462 3,584 80 4 2/22 5 7 4 i 6 16 31 4 8,855 2,181 11 19 20 37 3 ______i_ 26 62 50 6 120 14 1,212 2,352 2,163 6,757 3 2 3 4 11 1,757 5,466 1,306 663 1,24l 937 3,230 485 — 1, kOO 1,4oo — 4,300 340 52 160 1,010 1,885 5,700 1,402 4 11 FEDERAL RESERVE ,AGENTS’ .ACCOUNTS 2,462 1,886 130,506 1,797 F. R. notes outstanding 7,032 2,729 Collateral for F. R. notes: 1 680 720 Gold certificate account 500 480 1,600 1 7,790 ----Eligible paper 25 125 2,100 U. S. Government securities 1,500 5,600 1,805 28,840 1,390 Total collateral 2,820 2,485 7,200 2,025 31,755 1,870 other Federal Reserve Banks, ucuuuoing uij j j j ' j a j participations of £/ After decucting $ 58 million participations of other Federal Reserve Banks. 60 310 215 -48 755_ ..95.0. 970 1,308 690 * Less than $5CO,CCO. — 530 90C — 2, 500 3,400
@FedFRASER