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FEDERAL RESERVE Factors Affecting Bank Reserves and Coidition Statement of F.R. Bonks Por ifflmedia*e release February 7, 1963 The average of daily figures of total member bank reserves held during the week ended February 6 increased a net of $107 million to $19>717 million. Estimated currency and coin of member banks decreased $217 million and their reserve balances at the Federal Reserve Banks increased $324 million. Estimated required reserves increased $18 million; and estimated excess reserves increased $89 million to $519 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $296 million, compared with the revised figure of $331 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $260 million in U. S. Government securities bought outright and $157 million held under repurchase agreement, and $124 million in member bank borrowing^ and a decrease of $54 million in Treasury deposits with Federal Reserve Banks. Tne principal offsetting change was a decrease of $257 million in Federal Reserve float. Total Reserve Bank credit increased $278 million. As of bought outright securities held bank borrowings bonds increased Wednesday, February 6, holdings of U. S. Government securities were $4l2 million higher than a week earlier, U. S. Government under repurchase agreement were $242 million higher, and member were $101 million higher. Outright holdings of bills, notes, and $380 million, $5 million, and $27 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 Feb. 7, Jan. 30, Feb. 6, 1962 1963 1963____ (In millions of dollars) 30,235 305 6l 10 +260 +157 - -5 223 2 +124 1,358 -257 32,194 15,928 5,568 53,691 34,105 422 783 206 - 3 +276 + 25 10 54 * - l4 -- 297 971 36,764 + 5 ^48 16,907 +324 2,810 -217 19,717 19,198 519 +107 + 18 + 89 +1,647 + 305 + + Wednesday, Feb. 6, 1963 30,466 494 14 10 59 10 + 151 48 + 241 +2,321 - 876 251 16 + 1,429 1,145 32,425 15,928 5,571 53,924 +1,329 38 + 424 17 + 20 71 +1,647 34,177 433 218 237 17,006 + + + 19 43 62 836 196 297 980 3579I9 2,963 19,969 19,134 835 On February 6, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,053 million, a decrease of $54 million for the week and an increase of $1,563 million from the comparable date a year ago. ETATE^Itf o f c o n d i t i o n OF THE TWELVE F E B E M L flESERVE BANKS consolidated H .4 .1 (a ) Feb. 6, 1963 Change since Feb. 7, Jan. 30, 1962 1963 ASSETS 14,382 1,275 15,657 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves m ) 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 433 251 + 48 46 .... + + l4 3 - - 10 +101 10 +380 10,687 4,164 30,466 494 30,960 -+ 5 + 27 +412 +242 +654“ - 648 +11*502 -9,331 + 347 +1,876 + 494 ^27565 31,280 +745 +2,434 - 1 -+ 6 + 389 + 6 144 (1,599) 4,805 104 482 52,761 +743 +2,053 (649) 29,200 +100 +1,281 17,006 +587 1 495 30 47 Total loans and securities (950) 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 836 196 297 18,335 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4 - 2,433 13,182 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 981 121 860 3 -- 59 10 + - - + 57 - 23 - 28 +593 (950) 3,660 73 + 32 + 3 (1,599) 51,268 +728 C A P I T A L A C C O U N T S 473 Capital paid in 934 Surplus 86 Other capital accounts TOTAL LIABILITIES AND CAFITAL ACCOUNTS (1,599)1 52,'761 + 2 + 13 +753 + + + 511 181 + + 5 +1,978 + 25 + 46 + 4 +2,053 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol, loving pages— not consolidated) 32-5io -.Vfo 3- t> Contingent liability on acceptances purchased for foreign correspondents 84 _ -“ 32 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 6, 1963 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities D is c o u n ts and advances W i t h i n 15 d a y s days t o days days t o 1 y e a r O ver 1 y e a r t o 5 y« O v e r 5 y e a rs t o 10 O v eFRASER r 10 y e a r s Digitized for To ta l http://fraser.stlouisfed.org/ 16 91 249 2 90 Federal Reserve Bank of St. Louis _ _ A c c e p ta n c e s 25 44 - - 5 - - irs - - - 251 £>9 H o ld in g s 4,697 1,425 11,789 10,778 2,114 157 30,966 Changes d u r i n g week +4,186 -3,596 + 33 + 5 + 20 + 6 T ~ Z 5i STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 6 , 1963 H.4.1(h) ; T o ta l Boston New York P h ila delphia Cleveland Rich mond A tlan ta Chicago S t. Louis Minne a p o lis (In m illio n s o f d o lla r s ) AS S E T S 1 4 ,3 8 2 Gold c e r t i f i c a t e account ■ 1 ,2 7 5 Redemption fund fo r F . R. n otes T o ta l gold c e r t i f i c a t e re se rv e s : 15,657 844 73 917 3 ,4 5 1 1 ,1 7 3 3 ,7 5 1 772 75 847 300 1,CC8 230 6 l4 53 286 28 633 52 566 39 1 ,6 9 7 137 2 ,6 2 7 667 314 685 605 "27034 741 75 8lfe 2 ,3 9 7 1 ,2 8 4 102 1,110 111 San ------------Kansas 1jDallas Fran C ity j c is c o F . R. no tes of other Banks Other cash i ; 433 53 34 135 68 66 27 53 38 4o 36 67 34 59 71 19 19 36 12 15 15 39 l4 6^ 65 D iscounts and advances A ccep tan ces: Bought o u trig h t Held under repurchase agreement U» S. Government s e c u r i t i e s : Bought o u trig h t— B ills C e rtific a te s Notes Bonds T o ta l Held under repurchase agreement i 251 23 88 2 14 9 4 67 8 3 31 1 l 59 10 .... .... _— __ —— _— __ — i ; i 649 59 10: ! 2,433 1 1 3 ,1 8 2 i 536 209 1 ,5 2 8 -- 598 3 ,2 4 2 2 ,6 2 8 1 ,0 2 4 7 ,4 9 2 494 134 728 59C 230 1 ,6 8 2 1 ,5 2 8 7 .9 8 6 31,280 j 1 ,5 5 1 5 ,7 5 5 104 48? 5 4 ,3 6 0 10,687 1 4 ,1 6 4 ! 3 0 ,4 6 6 ! 494 I T o ta l U. S . Government s e c u r i t i e s i 30.960 T o ta l lo an s and s e c u r i tie s j ! Cash item s in p rocess of c o ll e c ti o n Bank prem ises Other a s s e ts TOTAL ASSETS i 122 661 203 1 , ICO 892 163 883 716 136 737 597 ... 233 1 ,7 0 3 4 li 2 ,2 2 4 1 ,8 0 3 703 5 ,l4 l _ 100 170 1 ,2 4 4 «... 636 87 178 -_ 1 ,3 0 4 -- 538 436 51 275 171 1,252 1 .3 0 4 1.252 3 .9 0 1 639 1 ,3 3 5 1,253 3 ,9 0 2 302 7 24l 724 20 13 22 3-1 2 ,3 7 9 2 ,1 8 7 223 279 2 ,o 4 i -- 1 .6 8 2 2 .5 4 2 2 ,0 4 l 1 .7 0 3 5 .l 4 l 1 .2 4 4 636 8 ,1 4 3 1 ,6 8 4 2 ,5 5 6 2,050 1,707 5 ,2c 8 1,252 4 ll 3 ?4 l ,o 6 4 8 121 346 3 461 7 425 5 2 ,9 9 3 1 3 ,2 9 0 2 ,9 9 9 4i 4,44o 100 3H 1 ,6 8 6 1 ,3 6 9 533 3 ,9 0 1 347 2 ,5 4 2 — 26 io 4 564 458 467 892 13 28 255 6 .19 167 31 24 77 3,697 3 ,1 3 2 8,958 2 ,2 3 7 1 ,1 8 2 4 10 542 439 63 6 ,8 6 6 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 6, 1963 ! Total Boston New York Phila delphia Cleve land referred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Atlanta Chicago St. Louis Minne apolis Kansas Dallas City San Fran cisco (in millions of dollars) 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 Rich mond 129,849 j1,754 7,079 1,812 2,606 2,447 1,717 5,410 1,263 566 117,006 ! 836 ; 196 756 42 1,226 55 17 650 62 822 71 63 6 402 4l 4 1 l * 2 10 1 520 5,016 809 1,299 766 67 9 4 846 869 2,467 62 86 10 25 * 4,628 89 64 235 942 2,579 719 903 1,019 24 50 2,936 289 4,610 1 344 773 t 21 4 3 73 1 2,922 12,889 2,913 52,867 392 327 388 201 201 601 5 4,302 5 3,625 218 133 2 3 1,148” 2,316 3 2,104 6,668 27 54 5 44 87 7 22 44 6 54,360 2,993 13,290 2,999 4,44o 3,697 8 4 | .297 !18,335 ! : 762 49 9 10 1 1 1 743 12 3 3,050 8,744 3 2,i 8 6 ~ 447" 1,192 8 881 3,122 945 2,713 149 Q CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 473! 934 j 86 j 84 23 44 4 4 127 251 23 2/ 22 5 67 132 15 16 32 3 11 22 1 20 4o 3 27 53 3 63 124 11 3,132 8,958 2,237 1,182 2,379 2,187 6,866 12 3 2 3 5 11 26 51 5 5 FEDERAL RESERVE AGENTS' ACCOUNTS J*. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1,893 2,810 2,586 1,809 5,638 1,332 S&T" 1,232 946 3,311 465 2 6,000 1,500 670 400 1,400 8co 550 290 31 1,000 215 1,450 4,500 350 8 1,050 130 2,250 645 9 1,976 8co 2,8C0 7,600 1,967 2,920 2,630 1,850 5,900 1,408 680 1,321 1,015 3,600 31,496 1,836 '"7TTOT 7,4o8 443 50 25,280 i,4o4 1,600 32,738 1,847 - - — — 2/ After deducting $ 62 million participations of other Federal Reserve Banks. — -- -- -- *Less than $500/000. --
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