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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release February 28, 1963 H.U.l The average of daily figures of total member bank reserves held during the week ended February 27 increased a net of $10 million to $19,521 million. Estimated currency and coin of member banks increased $46 million and their reserve balances at the Federal Reserve Banks decreased $36 million. Estimated required reserves decreased $48 million; and estimated excess reserves increased $58 million to $482 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $353 million, compared with the revised figure of $267 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $106 million in Federal Reserve float and increases of’$43 million in foreign.deposits with Federal Reserve Banks and $39 million in "other" F. R. accounts (net). The principal offsetting changes Were decreases of $100 million in Treasury deposits with.Federal Reserve Banks and $65 million in currency in circulation. Total Reserve Bank credit decreased $93 million. As of bought outright securities held bank borrowings Wednesday, February 27, holdings of U. S. Government securities were $33 million lower than a week earlier, U. S. Government under repurchase agreement were $4 million higher, and member were $309 million.lower. 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. 28, Feb. 20, Feb. 27, 1962 1963 . 19.63.. [n millions of dollars) Wednesday, Feb. 27, _. 1963 30,361 44 59 + 24 - 11 - 1 + 2,076 44 + 14 30,361 137 57 129 - 28 + 30 + 73 22 + 256 +2,441 - 877 18 +1,546 94 30 1,454 32,133 15,878 5,572 53,583 +1,371 + 15 331 + 3 + 29 31 +1,718 34,235 461 759 222 - 16,496 30 1,596 32,219 15,913 5,570 53,701 34,228 454 801 230 -106 - 93 - 15 + 4 -105 65 10 -100 + 43 + 314 1,125 37,152 + 4 + 39 - 69 16,550 2,971 19,521 19,039 482 + + + 36 46 10 48 58 171 207 + + - 36 74 38 271 1,139 37,087 3,302 19,798 19,136 ! 662 On February 27, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,115 million, a decrease of $43 million for the week and an increase of $1,683 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT 01' CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Feb. 27,' 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities * (602) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES l4, 332 1,263 15,595 - 50 - 2 - 52 -1,0*4-8 + 113 - 935 4o8 57 + 7 -279 - 1 + 2,328 - 33 13,580 . - 12k 30Tk9S -- 33 + k - 29 30,679 -309 +2,136 5,394 -283 + 4, 16 k 30,361 137 (1.183) 72 15 13 - 502 +8,608 -6,483 + 378 +2,001 + 137 +2,138 10,289 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Feb. 28, Feb. 20, 1962 1963 105 311 (1.785) 52, k92 (602) 29,249 ^UV2 356 3 + 97 +1,579 50 +1,312 - - 5 16,496 -358 759 -1*4-9 + 32 - 1+0 -515 222 271 17,748 (1.183) 3,940 ____70 (1.785) 51,007 C A P I T A L a c c o u n t s Capital paid in Surplus 934Other capital accounts 77 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,785) 52, 492 + 98 3 -660 - _ + 18 3552 + + - 312 310 18 118 102 + 287 + 5 +1,502 + 23 + 46 + 8 +1,579 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2.9* 32.8* + •3$ lowing pages— not consolidated) Contingent liability on acceptances purchased 84 29 for foreign correspondents * 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, FEBRUARY 27, 1963 (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 l6 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 92 32 Acceptances 18 39 U. S. Government securities Changes during week Holdings ---- ZSB--4,657 12,337 mm mm - - 10,687 wm mm - 2,114 157 30,498 125 57 +68 -31 -29 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 27 , 1963 H.4.1(b) T o 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 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 s o ld c e r t i f i c a t e re s e rv e s F . R . n o te s o f o t h e r Banks O th e r cash 14,332 1,263 15,595 706 602 778 4,071 297 4,388 717 74 791 1,100 110 1,210 46 32 137 59 51 4c8 26 124 2 9 5 72 R ic h m ond A t l a n t a C h ic a g o m illio n s 937 99 S t. L o u is M in n e K a n s a s a p o lis C it y D a lla s San F ra n c is c o o f d o ]L i a r s ) 539 52 591 280 28 308 18 21 33 67 11 34 4 3 1,036 717 75 792 2,572 46 38 31 34 78 34 19 18 12 — -- 129 194 750 1,133 858 156 910 689 347 2,532 279 2,034 2,343 229 54 595 51 646 558 39 597 1,769 137 1,906 16 13 32 13 60 60 9 2 7 D is c o u n ts a nd advances A c c e p ta n c e s : B ought o u trig h t U. S . G o v e rn m e n t s e c u r i t i e s : B o u g h t o u t r i g h t - 1* 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 4,164 30,361 187 1,522 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 30,498 1,522 7,6o 4 1,677 2,532 2,034 1,697 _5_JL23 .. 1,239 634 1,300 1.248 -3,888 _ T o t a l lo a n s a n d s e c u r i t i e s 30,679 1,524 7,670 1,682 2,551 2,052 1,709 5,157 1,243 637 1,309 1,250 3,895 6,577 105 311 457 3 1,292 8 384 3 455 5 20 463 14 1,062 273 180 18 24 49 12 4 ____ 5 376 7 13 309 13 l4 3,633 3,108 8,985 2,164 1,178 2,380 2,228 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 A S SETS 57 2,328 13,580 10,289 54,277 57 116 681 516 209 «. _ 573 3,340 2,530 1,024 7,467 137 -- 568 230 1,677 .. — _ — 78 18 544 7 28 2,856 13,612 2,955 4,424 16 — - -- 130 759 575 233 1,697 _ _ 392 2,292 1,736 703 5,123 _ _ «... 95 554 420 170 1,239 -- 49 IC O 283 581 215 .... 87 634 178 1,300 44l 298 1,739 1,318 . .171_ . 533 1,248 3,888 «... „ _ 6 96 558 423 «. - 782 11 40 6,754 h STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 27, 1963 .4.i (c ) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas Sarx Fran cisco (In millions of do]Liars) 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 29,851 1,765 7,116 1,807 2,600 2,434 1,712 5,403 1,258 565 1,194 880 3,117 16,496 602 4,723 l48 1/75 214 697 33 1,187 48 19 715 63 9 4 874 39 ll l 2,436 62 28 1 584 47 7 380 782 47 903 76 1 44 5 * 8 2 11 1 17,748 652 5,160 743 1,255 791 925 2, 527 639 429 839 991 2,613 112 27 45 2,797 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 5,123 365 919 317 427 332 385 833 213 148 281 270 633 70 52,792 3 2,785 IT 3 6 5 4 11 2 13,212 2,870 4,288 3,562 3,026 8,774 3 2,113 3 2,317 3 2,144 10 6,557 474 128 22 26 5 44 5 51 5 27 53 21 87 67 132 20 251 27 54 4 44 934 77 23 44 4 k 63 I2h 10 54,277 2,856 13,612 2,955 4,424 3,633 84 4 2/22 5 8 4 759 40 222 271 10 * 12 1 1 l,l44 CAPITAL ACCOUNTS Capital paid in .Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 12 32 3 11 22 1 3,108 8,985 2,164 1,178 2,380 2,228 6,754 5 12 3 2 3 5 11 16 4o 3 FEDERAL RESERVE AGENTS’ ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral After d ed ucting 31,343 1,826 7,465 1,881 2,801 2, 567 1,781 5,598 1,321 657 1,235 941 3,270 7,388 30 c25 . j .280 *c - v v 443 l, 600 670 1,400 -4,50_Q_ 330 3 1,Q5Q 800 — 7 -550 .1,.QQQ_ 215 — 2.250 4oo — 1.450 290 6. CCO 645 17 1.Q76 130 1 .4o4 465 3 1. 500 32,698 1,847 7,600 1,968 2,920 2,638 1,850 5,900 1,383 680 1,297 - - — $ 62 m illio n p a r tic ip a tio n s of o th e r F e d e ra l Reserve Banks, * Less than $500,000. 800 -9,800 1,015 3,600
@FedFRASER