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 H.4.1 For immediate release February 8, 1962 The average of daily figures of total member bank reserves held during the week ended February 7 decreased a net of $36 million to $19,721 million. Estimated currency and coin of member banks decreased $279 million and their reserve balances at the Federal Reserve Banks increased $243 million. Estimated required reserves increased $1 million; and estimated excess reserves decreased $37 million to $493 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $421 million, compared with the revised figure of $470 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $278 million in U. S. Government securities bought outright and a decrease of $65 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $110 million in Federal Reserve float and $28 million in gold stock. Total Reserve Bank credit increased $195 million. As of Wednesday, February 7, holdings of U. S. Government securities bought outright were $64 million higher than a week earlier and member bank borrowings were $76 million higher. Outright holdings of bills, notes, and bonds increased $49 million, $10 million, and $5 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 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. 8, Jan. 31, Feb. 7, 1961 1 1962 1962 (In millions of dollars) 28,588 Wednesday, Feb. 7, 1962 +278 — + 1 + 1,916 - 166 — 28,596 72 50 1,U7 29,873 16,8o4 5,584 52,262 + 12 + 16 -110 +195 - 28 - 6 155 50 937 +1 S2 - 107 + 4i + 64 +1,725 - 625 + 181 +1,283 32,776 460 359 223 277 1,042 35,137 - 16 + 9 - 65 + 10 - 19 -- 81 + + + + + 17,125 2, 596 19,721 19,228 493 +243 -279 - 36 + 1 - 37 + + + + - — 47 971 47 164 27 106 24 799 484 289 773 848 75 — ^5 29,783 16,790 52,158 32,833 463 341 226 250 1,038 35,151 17,007 2,781 19,788 19,166 622 On February 7, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,490 million, an increase of $87 million for the week and a decrease of $376 million from the comparable date a year ago. H.l.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Feb. 7, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves (625) Cash Discounts and advances Acceptances--"bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities - 25 181 205 15 4- 2 76 -- 3,081 1,680 20,018 + (882) 25 -- (625) 27,919 17,007 3ll 226 250 17,821 (882) C A P I T A L A C C O U N T S 118 Capital paid in 888 Surplus 82 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,507) 50,708 25 321 1 + llo +1,213 4* 11 1 + 21 4- "115 + 398 + 1 + 111 +1,092 + 75 + 4* 135 21 3 36 + 75 + - 20 1 129 + + + 390 32 995 + + 30 71 4- 3,179 68 (1,507) 19,290 - 6k 10 5 6k — 110 338 (1,507) 50,708 708 99 5o9 4- 444- 1,116 + 7 + 162 -7,365 +7,531 +1,276 +1,907 - 372 +1,535 19 — 28,816 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 15,363 l,15l 16,517 3,817 28,596 -28,596 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Feb. 8, Jan • 31, 1961 1962 — — 4- 15 4- ill 815 31 108 31 131 212 k +1,092 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 1.8$ .1$ lowing pages--not consolidated) 35-6# Contingent liability on acceptances purchased 76 1 for foreign correspondents 116 Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on following pages.____________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 7, 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 15^ 51 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 Total — — -- Acceptances 7 38 — — — - - 205 55 U. S. Government securities Changes during week Holdings -255 5,215 +256 1,661 + 57 10,137 + 6 8,757 2,227 266 28,596 bTAlEMERT OF CCi-iDITICH OF EACH FEDERAL RESERVE BARK OR FEBRUARY 7, 1962 Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis San Fran cisco Kansas Dallas City I Minne apolis C5T millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R • notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Acceptances: Bought outright U . S. Government securities: Bought outright-Bills Certificates Rotes Bonds Total Held under repurchase agreement 3,855 274 4,129 836 168 481 43 33 205 15 15,363 1,154 16^17 625 45 3,081 1,680 20,018 1 .817 28,596 944 68 1,012 — 819 70 2,563 906 1,055 89 1,144 889 2,773 659 53 44 31 29 74 36 51 104 59 28 79 25 28 79 6 8 9 7 45 11 70 -- 45 145 79 941 762 178 261 97 1,157 220 1,345 Ml 4l6 4,950 944 7,072 — «.- 143 1,697 324 2,425 -- 180 610 1,239 103 1,342 1,652 ~- 200 109 1,298 247 1,854 169 92 1,101 210 1,572 -- 210 49 —— —— 527 125 287 68 813 3,420 — 652. 4,886 -- . 155. 1,161 -- 337 27 364 660 629 50 37 710 666 1,816 107 1,923 20 16 11 13 43 17 42 59 3 12 3 7 125 382 l4l 77 429 917 82 ____ 1251,310 613 --66 36 68 208 813 2,482 473 3,545 155 l,l6l “— Total U , S. Government securities 28,596 1,345 7,072 1,652 2,425 1,854 _ M 22 4,886 l,l6l 613 1,310 l,l6l 3 ,545. Total loans and securities 28,846 1,360 7,196 1,658 2,433 1,863 1,579 4,931 1,172 616 1,322 1,164 3,552 5,298 389 4 985 9 318 417 388 3 19 8 28 6 22 159 5 7 6 240 13 620 11 85 246 833 24 7 58 ______13. 276 16 427 l4 19 16 Ik kl 2,991 4,325 3,483 3,038 2,150 1,182 2,359 2,157 6,248 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 110 338 52,215 2,857 12,676■ 8,749 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 7, 1962 Total New York Boston Phila delphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Rich mond Atlanta Chicago Minneapolis St. Louis Kansas City San Fran cisco Dallas (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member Dank reserves U.S. Treasurer-general account Foreign Other Total deposits Cleve land 28,544 1,668 6,559 1,840 2,560 2,310 1,645 5,241 1,238 571 1,172 838 2,902 17,007 341 729 780 749 35 915 l6 1/63 422 19 5 854 4o 9 983 35 13 l 194 4 12 1 2,523 56 31 2,529 11 1,232 18 21 2 625 24 4,666 32 1,273 798 226 250 17,824 765" 17 13 4,955 1 811 10 944 1 2,611 28 8 2 663 683 4,361 355 759 255 355 305 369 68 17 4 12,290 2,910 5 ^ T W 4 37517 4 50,797 3 2,791 448 888 82 21 42 3 122 243 21 26 51 4 42 83 7 21 30 4l 905" 1 1,032 2,621 130 220 205 527 2 3 3 1,150 2,299 8 6,058 1 1 55T 198 2 2,101 27962 13 87558" 24 47 5 63 40 6 124 14 15 31 3 10 20 2 19 37 4 3,483 3,038 8,749 2,150 1,182 5 6 16 4 2,078 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents_______________ 52,215 116 2,821 12,676 5 2/32 2,991 _ A 3 2 5 7 20 11 26 60 50 3 120 10 2,359 2,157 6,248 3 5 6 16 652 1,199 914 3,049 160 310 -510 10 950 235 •*“ 755 1,000 *■**• 670 1,270 990 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F» R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 29,987 1,741 8,259 585 -.. 22 23,105 31,386 6,939 1,914 2,741 2,396 1,725" 5,414 1,303 1,600 570 3 770 -- 425 -1,400 1,500 369 9 990 1,825 1,235 5,600 1,500 2,050 735 -1,715 1,820 7,200 2,073 2,820 2,450 __ 2/ After deducting $ 84 million participations of other Federal Reserve Banks. -- 4,100 5,600 1,368 2,300 3,300
@FedFRASER