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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 6, 1962 The average of daily figures of to ta l member bank reserves held during the week ended December 5 decreased $92 million to $19*527 m illion. Estimated currency and coin of member banks decreased $60 m illion and th eir reserve balances at the Federal Reserve Banks decreased $32 m illion. Estimated required reserves increased $82 million^ and estimated excess reserves decreased $174 million to $365 m illion. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $273 m illion, compared with the revised figure of $444 m illion the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $277 million in Federal Reserve flo a t and increases of $53 m illion in "other" deposits with Federal Reserve Banks, $51 million in currency in circulation, and $45 million in "other1' F. R. accounts (net). The principal offsetting changes were increases of $229 million in U. S. Government securities bought outright and $170 million held under repurchase agreement. Total Reserve Bank credit increased $ll4 million. As of bought outright securities held bank borrowings bonds increased Wednesday, December 5, holdings of U. S. Government securities were $2l6 m illion higher than a week e a rlie r, U. S. Government under repurchase agreement were $10 m illion higher, and member were $88 million higher. Outright holdings of b i lls , notes, and $3 m illion, $105 m illion, and $108 m illion, respectively. Averages of daily figures 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-Ilember 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) Week ended Changes from week ended Wednesday Dec. 5* Dec. 6, Iiov. 28, Dec. 5, 1962 1961 1062 1062 (In m illions of dollars) +229 +170 38 + 2 + 949 + 188 3 92 - 3 - 7 -277 + 30,223 188 1 1*832 32,373 15*977 5,554 53,904 34*854 394 500 207 315 1,068 37*339 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 16,565 2,962 19*527 19*162 365 30,275 10 39 190 1 1,602 +116 57 -+ 553 +1,742 - 998 34 + 716 + 51 - 6 + 12 - 7 + 53 + 45 +148 +1*275 22 1 9 + 57 75 +1,227 35*066 407 359 - 32 - 60 - 92 + 82 -174 + - 16 ,2 1 1 3*061 7115 - 1 + 3 517 280 237 57 180 32,117 15,978 5*559 53,654 218 316 1,077 37*441 19*272 19*211 61 On December 5, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,172 million, an increase of $33 million for the week and an increase of $1,378 million from the comparable date a year ago. H.4.1(a) C O N S O LID A TE D S TA TE M E N T OF C O N D IT IO N O F T H E T W E L V E iF E D E R A L RESERVE BANKS (in miliiblae of dollars) Dec* 5, 1962 . ASSETS Chance since. Dec. 6, 1961 Nov. 28, 1962 1 1 + - 1,108 106 1,002 + + 2 88 + 18 156 3 3 + 3 -- +226 - 1,691 +11,493 - 9,181 + 251 + 872 + 10 + 882 30,515 +317 + 1,035 5,522 105 367 (l,421) 527529 -209 + 809 34 71 + + 170 989 (363) 29,956 +264 + 1,267 16,211 -116 - 359 218 316 -193 + 9 + 53 ^257 695 21 20 46 + 7--- 690 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves l4, D65 1,240 15,705 - 315 191 39 2,244 13,185 * Cash Discounts and advances Acceptances--bought outright U. S* Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U« S. Government securities (363) 10,764 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS +2lB + 10 (1,058) L I A B I L I T I E S Federal Reserve~notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES +105 +108 4,082 30,275 10 30,285 -+ (**) (**) 17,104 (1,058) 3,820 + 37 -+ 54 + 465 888 + 1 118 + 16 + + 78 (1,421) 50,958 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 5 (1,421) 52,429 + 71 + + 319 3 893 30 71 5 989 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages--not consolidated) 33 »1$ -- 2 .6$ Contingent liability on acceptances purchased for foreign correspondents 87 _ 1 28 * 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 5, 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 187 4 Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 yeaa ‘S Over 10 years Tot)£il http://fraser.stlouisfed.org/ '** "Less"thah '$500,,U00-.' Federal Reserve Bank of St. Louis Acceptances 11 28 U. S. Government securities Changes during week Holdings 310 5,016 - - — 11,972 -- -- 10,781 — - - - - 191 39 1,981 225 30,285 + 76 - 57 + 11 +135 + 52 + 9 +2126 P. 4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON DECEMBER 5, 1962 Total Boston lieu York Phila delphia Rich mond St. Louis Minne apolis 617 52 295 892 2,457 222 2,679 28 603 52 669 323 655 30 l4 Atlanta Chicago 14,465 l,24o 15,705 3,350 779 294 __ J?_9 . 848 3,644 8l4 74 888 1,129 1,070 110 1,239 _ 36 _ 1,166 821 71 F. R. notes of other Banks Other cash 363 315 25 23 99 48 37 22 11 24 18 23 4l 26 26 57 9 15 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 191 9 82 1 * 12 24 33 9 2,244 13,185 10,764 4,082 30,275 10 208 2,658 1,008 1,537 — Total U. S. Government securities 30,285 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Kansas 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 39 559 38 597 16 1,971 134 2,105 10 11 37 45 16 5 * 470 178 1,320 91 536 437 166 1,230 288 1,695 1,384 525 3,892 11 39 124 189 727 l,ic8 7,476 10 593 224 1,668 — __ 343 2,545 — 1,537 . 7,486 1,668 30,515 1,546 7,607 1,669 6,48o 105 ____ 3£l 473 3 18 1,271 8 95 373 3 21 53,850 2,936 12,772 3,013 114 669 546 554 3,256 905— 148 , 869 7C8 269 1,994 123 380 720 2,232 . 588 - ■■1*823 223 . 691 1,654 5,126 46 89 272 527 430-. ..222 s_ .163 . 84 624 1,209 — 98 574 -- -- -- 2,545 1,994 1,654 5,126 1,209 624 1,320 1,230 3,892 2,545 2,006 1,678 5,159 1,218 624 1,336 1,235 3,892 455 5 21 452 l4 21 1,037 24 300 56 6 14 204 4 9 325 7 15 284 13 17 771 11 48 3,694 3,124 9,038 2,231 1,205 2,362 2,173 6,909 535 7 . 32 „ ^,393 *Less than $500,000 H.4.1(c) STATEMENT OF CONDITION OE EACH FEDERAL RESERVE BANK OK DECEMBER 5> 1962 ---------- r Total Boston New York Phila delphia Cleve Rich Atlanta Chicago mond land (In millions of dol]Lars) St. j Minne Kansas apolis City Louis Dallas San Fran cisco 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 30,319 1,784 7 ,111 1 ,8 5 0 2,653 2,508 1,775 5,491 1,284 569 1,219 892 3,183 1 6 ,2 1 1 678 20 733 1,150 752 871 2 , 446 632 4l6 20 11 26 21 15 49 18 3 767 2 9 3 785 11 1 898 28 2 800 28 8 934 24 19 33 7 * 2, 525 672 326 367 799 4 3 , o44 __ 316 P;"— 1 7 , 1 C* 1 708 4 ,04l 44 1/73 255 4,413 4 ,8 78 370 832 309 78 4 20 52 ,379 2,866 1 2 ,3 76 4 2,930 4,258 4 3,623 465 22 125 26 43 22 26 47 7 3,124 359 218 9 1,197 4oi 7 * 439 3 839 2,758 6l 27 46 969 2,892 221 162 238 226 627 l4 3 1 4 8,829 2,180 1,171 2 , 300 3 2,090 10 6 ,712 65 124 16 27 50 62 120 5 11 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Total collateral 31 4 9,038 2,231 1.2 0 5 4 12 4 8 FEDERAL RESERVE AGENTS'ACCOUNTS 3 1,845 5,64o 1,342 762 485 l, 4oo 2 . 200 1,899 1 .400 2,920 2,621 1,885 243 51 83 6 28 6 9 40 9 53,850 2,936 1 2 ,7 7 2 3,013 4,393 3,694 ^ 2 /2 4 5 31,626 1,845 7,435 1 ,9 2 3 2 ,8 1 3 2 , 6c 6 7,697 480 1,6 0 0 465 720 26 ono l ill ^ 6 000 U ft v jv jv 1 1 900 32 ,6 32 1,895 7,6 0 0 1,966 Contingent liability on accept ances purchased for foreign corre spondent s F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities 20 42 888 118 87 1 o lt 1/ After deducting $145 million participations of other Federal Reserve Banks, 2/ After deducting $ 63 million participations of other Federal Reserve Banks. 20 ll 20 37 .. ... 3 ____ i_ 350 9 4, 900— .1,03.0_ 5,900 l , 389 6 15 2 .36 2 2.173 6.909 2 4 5 12 660 1 ,2 5 0 949 3 ,3 1 8 130 215 800 S50 290 16 1.0 0 0 680 1 ,3 0 6 970 2.70 0 * Less than $500,000 3,500
@FedFRASER