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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release December 13, 1962 H.4.1 The average of daily figures of total member bank reserves held during the week ended December 12 decreased a net of $l6 million to $19,511 million. Estimated currency and coin of member banks increased $32 million and their reserve balances at the Federal Reserve Banks decreased $48 million. Estimated required reserves decreased $67 million; and estimated excess reserves increased $51 million to $427 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $320 million, compared with the revised figure of $284 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $93 million in U. S. Government securities held under repurchase agreement and $77 million in Federal Reserve float, and an increase of $372 million in currency in circulation. The principal offsetting changes were increases of $380 million in U. S. Government securities bought out right and $24 million in acceptances held under repurchase agreement, and decreases of $47 million in "other" deposits with Federal Reserve Banks and $22 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $256 million. As of bought outright securities held bank borrowings bonds increased Wednesday, December 12, holdings of U. S. Government securities were $376 million higher than a week earlier, U. S. Government under repurchase agreement were $17 million higher, and member were $47 million higher. Outright holdings of bills, notes, and $2ol million, $49 million, and $66 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 Dec. 12, Dec. 5, Dbc • 1962 1962 1961 (In millions of dollars) Wednesday, Dec. 3.2, 1962 30,603 95 +380 - 93 +1,269 + 95 ! 27 43 24 + 5 + 24 -7 | + 43 9 107 2 + 15 + 1 - 77 1,755 327529 15,977 5,559 5^,165 35,226 402 478 207 +256 -- + 5 +261 +372 + 8 - 22 -- 47 24 + 67 + 2 + 392 +1,849 - 984 31 + 834 + 1,289 21 + 18 4o 37,649 +310 + 4o 63 + 1,223 16,517 2,994 19,511 19,084 427 + + + - 268 1,068 — 48 32 16 67 51 1 30,651 389 237 1 1,696 32,664 15,978 5,560 54,202 35,334 405 532 213 | 261 j 1,006 ; 1 j : 37,75i 16,451 158 231 92 19,869 19,224 139 645 3,4l8 On December 12, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,301 million, an increase of million for the week and an increase of $1,385 million from the comparable Digitized$129 for FRASER date a year ago. H.4.1(a) CONSOLIDATE!) STATEMENT CF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Dec. 12, 1062 H A SD SO E T1 SD Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves (345) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 19 + l4 - 5 - 1,049 -f 96 953 293 - 22 + 47 - 238 43 9 2,505 13,185 + + 4 9 +261 12 189 + -9 4,148 30,651 27 30,678 -+ 49 + 66 +376 + 17 +393 1,225 +11,486 - 9,171 302 + + l, 392 + 27 + 1,419 30,968 +453 + 1,617 5,583 105 390 (1,303) 53,039 +161 -+ 23 +610 + 213 5 + 173 + 1,033 (345) 30,194 +238 + 1) 300 16,451 +240 532 213 +173 - 5 - 55 +353 + - 466 55 30 73 575 + 67 + 5 +bb3 + + + 120 6 948 -- + + 4- 26 10,813 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 14,446 1,254 15,700 * Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Chance since Dec. 5, Dec. 13, 1062 1961 (958) 261 (**) (**) 17,457 (958) (1,303) 3,887 83 51,621 C A P I T A L A C C O U N T S Capital paid in 465 Surplus 888 Other capital accounts 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS(l,303) 53,039 - 53 +610 71 12 1,033 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages— not consolidated) - 2.6$ -.4$ 32.7$ Contingent liability on acceptances purchased for foreign correspondents 88 + 1 29 * 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, DECEMBER 12, 1962 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) 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 ** Less than $500,000. Discounts and advances 234 4 Acceptances 18 3^ - - - - — — — — - - - - 235 52 U. S. Government securities Changes Holdings during week + 37 347 +154 5,170 + 88 12,060 10,856 + 75 + 34 2,015 230 + 5 30/6f8 +393 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 12, 1962 11.4.1(b) Total Boston Ilev York Philadelphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In raillions of dollars) A S S E T S 821 14,446 1,254 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 71 892“ 15,706 3,697 304 4,001'"— 809 76 BBT" 1,071 109 1,180 1,023 95 1,118 825 536 40 3l"f 27 10 l4 9 l4 9 43 32 5 17 289 28 693 293 94 47 31 22 11 22 20 22 36 23 53 9 13 238 19 46 9 4 3 23 76 3 1 43 9 -- — —— —— —— __ " 619 137 424 100 720 2,232 909 349 2,570 — 591 1,831 1,024 7,569 27 138 727 596 228 1,589 — 7,596 1,689 2,576 7,694 1,698 1,214 8 ICO Discounts and advances Acceptances: Bought outright Held tinder repurchase agreement ti. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 43 0 ^ . ! : 1 i ; \ 1 | ; 2,505 | i 127 669 ; 13,185 ! 10,813 549 211 ! 4,148 1/556 30,651 -’ 27 1------Total U. S. Government securities ! 30,678 \ 1,556 \....— -t j 30,968 ! 1,575 Total loans and securities j s Cash items in process of collection \ 6.541 1 44o Banli premises : 105 ! 3 Other assets : 390 1 19 26 | 54,342 \ 2,970 — 210 -- 165 869 712 273 2,019 1,732 133 1,865 589 52 64i 64o 53 20 21 345 TOTAL ASSETS 222 71 896'' “ 2,636 ; A . R . notes of other Banks Other cash ? | 5 2,414 52 57b 42 *** 109 574 272 223 472 181 1,336 — 102 536 439 322 1,695 1,390 227 702 527 431 166 1,675 — 5,189 -- 1,224 -- 85 S3 -- 2,019 1,675 5,189 1,224 632 1,336 1,246 3,940 2,580 2,022 1,698 5,265 1,227 633 1,368 1,251 3,957 370 3 21 576 7 35 492 5 21 489 14 22 1,080 306 24 62 6 15 204 4 9 334 7 17 273 13 -tn 18 763 11 51 13,158 3,030 4,4ll 3,700 3,178 9,146 2,269 1,204 2,390 2,154 6,732 3,256 2,670 1,108 — 169 533 '1,246" ' 3,940 —— -- STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 12, 1962 H.4.1(c) Total Phila delphia New York Boston Cleve land 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 Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS ContinGent liability on accept ances purchased for foreicn correspondents Atlanta ChicaGO St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of dollars) L I A B I L I T I E S CAPITAL ACCOUNTS Rich mond 30,539 1,798 7,164 1,860 2,676 2, 520 1,794 5, 518 1, 295 573 1,227 9CC 3,2l4 16,451 4,488 738 30 11 2 711 2, 526 52 7 l 8c8 44 8 2 687 436 862 897 29 11 1 938 2, 582 68 27 46 783 2 2,6c8 4o4 27 5 * 17,457 842 54 11 1 908 648 213 261 671 56 9 1 2,723 237 231 596 737 1/68 202 4,786 781 1,136 52 19 1 1,208 4,845 364 805 304 388 324 394 8c6 236 160 83 4 20 4 4 10 3,633 3,100 3 2,221 4 12,775 13 8,945 2 2,903 8 4,280 6 52,924 5 2,950 1,171 2,330 2,073 6,543 22 125 26 16 51 3 22 4o 5 65 243 15 43 83 5 26 42 3 47 5 124 12 31 1 11 20 2 20 37 3 27 50 4 120 1.204 2,390 532 i t 465 ! 888 ! 65 ! 54,342 28 9 2 .13x15-8 . 3^030 . 4,4 n 1------- 4 88 61 2/24 3,700 . _ J l,1Z8 . 9.146 8 5 28 4 5 31 2^269 _ 12 3 2 4 62 7 205.4 _ 63132. 5 12 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstandinG Collateral for F. R. notes: Gold certificate account EliGible paper U. S. Government securities Total collateral __' W T -*- ’ y j^ / A f t e r d e d u c t in g $ 64 31,825 1,850 7,473 1,924 2,835 2,626 1,859 5,663 1,353 66 2 l, 266 958 3,356 7,717 44 24,974 480 1,600 720 782 485 1,4oo 350 130 290 215 80C .1,415... 465 9 l, 500 2,200 3 2 , 735 1,895 1,974 2, 920 WJ. m illio n p a rtic ip a tio n s W of 6,000 7,600 X ^ L J,lV.UVyJ. V V ^ o th e r F e d e ra l R e se rv e 3 1,859 i,4co 4, 500 1,050 550 32 1.0C0 2,64l 1,885 5,900 l, 403 680 1,322 800 l, 015 • B an k s. * Less than $500,CCC< ._2,_7_C_0 3, 50c
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