The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release February 21, 1963 H.k.l The average of daily figures of total member bank reserves held during the week ended February 20 decreased a net of $130 million to $19;k92 million. Estimated currency and coin of member banks increased $109 million and their reserve balances at the Federal Reserve Banks decreased $239 million. Estimated required reserves decreased $37 million^ and estimated excess reserves decreased $93 million to $k08 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $251 million, compared with the revised figure of $336 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $39^ million in Federal Reserve holdings of U- S. Government securities and increases of $127 million in "other" F. R. accounts (net), $63 million in Treasury deposits with Federal Reserve Banks, and $30 million in currency in circulation. The principal offsetting change was an increase of $383 million in Federal Reserve float. Total Reserve Bank credit decreased $18 million. As of Wednesday, February 20, holdings of U. S. Government securities bought outright were $39 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $180 million lower, and member bank borrowings were $239 million higher. Outright holdings of bills decreased $39 million. Holdings of certificates increased $398 million and notes decreased $398 million, reflecting the exchange of $3 ,k02 million certificates and $398 million notes maturing February 15 for $3,800 million of 3 - l A Per cent certificates maturing February 15, 196k. 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— 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 Feb. 21, Feb. 13, Feb. 20, 1962 1963 1963 (In millions of dollars) 30,337 55 60 157 -110 -28k - 1 +2,275 + 27 + lk 30,39^ 133 58 8 + 85 50 + k7 +2,399 - 862 k03 -1,639 32,627 - _ _ 1,702 32,312 15,928 5,566 53,806 3M93 kkk - - +383 - 18 - - + 3 - 15 + + + + 30 20 +1,517 +I,k23 3 + k68 37,2^1 17 63 25 12 +127 +225 + 36 77 TI7B3B 16,586 2,906 -239 +109 + 19 > 9 2 19,08k ko8 -130 230 ~— 88 - 37 - 93 + - 901 187 310 1,086 Wednesday, Feb. 20, 1963 . 10 318 37 125 15,928 5,567 5k , 122 3k , 288 k59 908 19O 311 1,113 37,269 16,85k 3,199 20/053 19,106 9k7 On February 20, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,158 million, an increase of $10 million for the week and an increase- of $l,6kk million from the oompai'able date a year ago. H.4.1(a) CONSOLIDATED STATE lENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Feb * 20, 19.63— A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 14,382 1,265 * 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 (581 ) 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 - 989 + 113 - $7& — 6 - 15,647 401 403 87 235 58 - 19 +239 - 1 + + 2,361 13,580 +398 - 39 -219 - 237 +8,625 -6,439 + 402 +2,351 + 133 +2,485 30,9 88 + 19 +2,732 (1,112 ) 5,677 +436 + 1 -195 + 10,289 -398 -- 4,164 30,394 133 30,527 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS _____ Change,-Since_____ Feb. 13, Feb. 21, 1Q6S 1962 - 39 -180 105 13 612 6 316 (1,693) 53,134 +236 + 119 +2,494 (581 ) 29,299 - 51 +1,330 16,854 908 +417 +108 - 16 + + 307 444 + + 46 797 190 (**) 311 (**) 18,263 - - +509 (1,112 ) 4,038 67 (1,693) 51,667 -236 - + 292 + 3 +2,422 4 +218 C A P I T A L A C C O U N T S Capital paid in 474 Surplus 934 Other capital accounts 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l, 693) 53,13k + 1 + 23 + 46 + 3 +2,494 «. - + 17 +236 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages--not consolidated) 32.5$ - 3*4# -•3 i Contingent liability on acceptances purchased for foreign correspondents - 84 26 * Figures in parentheses are the eliminations made in the consoLfdating process; see comparable figures on combined Basis on the following pages. m a t u r i t y d i s t r i b u t i o n of l o a n s a n d s e c u r i t i e s , Fe b r u a r y 20 , 1963 (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 1+01 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 Digitized FRASER ** for Less than $500,000. 2 i+03 Acceptances 19 39 -— -58 U. S. Government; securities Changes Holdings during week 612 10,687 -3,857 +3,134 + 595 91 2,114 157 30,527 5 4,589 12,368 -- §19 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 20, 1963 H.4.1(b) Total Boston New York Phila delphia Cleve land Atlanta Chicago St. Louis Minne apolis 556 53 288 1,082 923 698 110 4,36l 738 74 812 1,192 99 1,022 74 772 2,347 230 2,577 44 32 130 57 52 25 46 39 33 35 69 32 53 64 6 168 4 13 44 8 68 — — 14,382 1,265 15,647 754 72 F. R* notes of other Banks Other cash 581 401 Discounts and advances Acceptances: Bought outright U» S- Government securities: Bought outright— Bills - Certificates Notes Bonds Total Held under repurchase agreement 403 58 118 298 58 — — 158 132 .*'910-,*"759 689 575 233 279 2,03b 1,699 *- 398 609 18 San Fran cisco — 30,527 1,524 7,608 1,679 2,535 2,036 1,699 5,129 l,24l Total loans and secvirities 30,988 1,530 7,834 1,683 2,548 2,080 1,707 5,197 1,249 6,789 513 3 1,314 8 402 3 478 514 l4 16 80 18 538 7 28 18 1,130 24 48 275 6 12 2,964 13,784 2,995 4,398 3,673 3,126 9,093 2,188 105 316 54,827 131 750 568 230 1,679 — 197 1,133 858 347 — — 5 20 — 2,292 97 554 420 1,736 170 703 1,241 37129.. --- 589 51 S5cT“ 534 1,810 39 137 573 1,947 16 34 13 53 4 37 * 43 -- -- -- -- 49 283 215 87 101 97 558 423 171 8 Total U. S. Government securities Dallas 13 33 11 1,524 — 10,289 681 516 209 28 316 19 4,164 30,394 133 TOTAL ASSETS 2,361 13,580 — 4,063 581 3,340 2,530 1,024 7,475 133 Cash items in process of collection Bank premises Other assets Kansas City (In millions of do]Liars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Rich mond 61 -- W -- 302 1,739 1,318 533 3,892 -- 634 1,301 1,249 3,892 638 1,338 1,249 3,935 189 360 270 4 8 7 13 13 15 806 11 4o 1,199 2,387 2,167 6,853 581 44l 178 1,301 T J *Less than $500,000. * Less than $500,000*
@FedFRASER