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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H-4.1 For immediate release January 18, 1962 The average of daily figures of total member bank reserves held during the week ended January 17 decreased a net of $289 million to $20,005 million- Estimated currency and coin of member banks increased $2 million and their reserve balances at the Federal Reserve Banks decreased $291 million. Estimated required reserves de creased $210 million; and estimated excess reserves decreased $79 million to $533 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $464 million, compared with the revised figure of $548 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $216 million in U. S. Government securities bought outright and $48 million held under repurchase agreement, $189 million in Federal Reserve float, and $44 million in gold stock, and an increase of $55 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was a decrease of $275 million in currency in circulation. Total Reserve Bank credit decreased $443 million. As of Wednesday, January 17, holdings of U. S. Government securities bought outright were $279 million lower than a week earlier, U. S. Government secu rities held under repurchase agreement were $20 million higher, and member bank borrowings were $196 million higher. Outright holdings of bills, certificates, and bonds decreased $254 million, $6 million, and $19 million, respectively. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Jan. 18, Jan. 10, Jan. 17, 1962 1962 1961 Wednesday, Jan. 17, 1962 0 [n millions of dollars) 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) 28,421 20 28,501 -216 19 - 48 50 + - 2 1 „ 69 + + 5 5 + 34 + 11 + 462 + 2,058 - 755 + 185 + 1,489 1,636 30,408 16,840 +1,099 + 28 93 33,241 445 491 97 + 100 + 1,021 1,043 35,738 + + + + - 17,098 3,057 20,155 19,486 669 20 1,870 30,529“ 16,839 5,586 52,955 33,386 -189 ^553 - 44 - 1 -275 l, o4o 35,825 + 6 + 55 - 8 + 31 - 3 -195 17,130 2,875 -291 + 2 44o 435 232 292 20,005 19,472 533 ^289 -210 - 79 +1,553 1_ o 16 468 245 713 972 259 47 257 27 5,588 52,836 218 300 On January 17, 19&2, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,517 million, a decrease of $j6 million for the week and a decrease of $100 million from the comparable date a http://fraser.stlouisfed.org/ ago. Federalyear Reserve Bank of St. Louis CONSOLIDATED STATEMKNT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) H.4.1(a) Jan. 17, Change since Jan. l8, Jan. 10, 1961 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves .. 15,403 1,159 - 743 97 648 16,562 - 10 10 430 284 47 4r + 48 - 208 + - + - * Cash Discounts and advances Acceptances— Bought outright U- S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Bought outright Held tinder repurchase agreement Total U. S- Government securities (629) 2,932 1,693 19,984 3,812 28,421 20 28,441 Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member Bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES c a p i t a l (1,170) 254 -- + - 279 51,928 (629) 28,250 - 17,098 4- 491 218 300 18,107 (1,170) 4,138 61 (1,799) 50,556 1(1,799) 447 888 37 51,928 19 279 20 259 51 (1,799) 111 6 - + 4* 4Hr 5,774 l -- 28,772 Total loans and securities 27 218 + 4444- 568 1 16 572 251 170 110 12 104 -7,367 +7,503 +1,269 +1,509 + 20 + +1,529 +1,746 + 728 + 3 24 + +1,828 + + + 959 390 30 78 - 109 23 87 + 389 729 + 351 1 557 - + 28 +1,727 a c c o u n t s Capital paid in Surplus Other capital accounts 1 4* -4* 4- 14 572 + + 33 71 3 +1,82S Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages--not consolidated) 2.5$ 35-2$ Contingent liability on acceptances purchased 102 118 for foreign correspondents * 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, JANUARY 17, 1962 _ (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 Discounts and advances 255 29 -- 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 155 Acceptances 10 37 — -— -- 57 Holdings 635 6, 304 10,271 8,738 2,227 266 28,451 Changes during week - 37 - 95 -127 ----259 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 17, 1962 H.4.l(b) Total New York Boston Phila delphia Cleveland Rich mond Atlanta Chicago Minne apolis St. Louis Kansas City Dallas San Fran cisco (in' millions of dollars) A S S E T S 9C0 69 344 27 371 682 16 22 18 11 3 1 666 1,035 91 834 10 2,522 210 926 1,255 io4 1,359 1,126 904 2,732 44 34 43 30 71 34 49 72 23 90 56 21 26 3 8 12 2 146 856 16,562 969 3,845 276 4,121 F. R. notes of other Banks Other cash 629 430 47 163 Discounts and advances Acceptances: Bought outright U. S- Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 284 1 2,932 1,693 19,984 3 ,812 28,421 20 138 80 940 725 419 4,942 179 1,337 .. — 943 7,029 Total U. S. Government securities 28,441 1,337 7,049 1,642 2,410 1,842 1,563 4,856 1,154 Total loans and securities 28,772 1,338 7,122 1,645 2,4l8 1,854 1,565 5,002 6,944 111 279 497 4 13 1,449 9 420 4 470 535 l4 1,172 69 16 536 8 24 16 53,727 2,896 13,023 3,o88 4,423 3,546 3,139 Gold certificate account Redemption fund for F • R • notes Total gold certificate reserves Cash items in process of collection Bank premises Other assets TOTAL ASSETS 15,403 1,159 lf-7 28 -- 47 20 70 -- 170 98 1,154 220 1,642 -- 249 143 1,695 323 2,410 - - -- 190 110 1,295 247 1,842 -- 6 17 -- l6l 93 1,099 210 1,563 48 714 -- 50 732 686 1,815 10? 1,922 39 60 649 37 13 16 59 20 17 45 -- — -- 63 36 428 82 134 78 119 68 -- 916 812 174 1,302 •"* 155 1,154 363 210 2,47^ 473 3,523 609 1,302 1,154 3,523 1,157 610 1,322 1,171 3,568 204 5 5 333 6 l4 278 13 47 279 7 11 12 771 11 35 9,098 2,213 1,224 2,436 2,215 6,426 501 289 3,415 119 69 811 651 ___151 4,856 1,154 ~- 24 -- 609 pm STATEMENT OF O O N D m O N OF EACH FEDERAL RESERVE BANK ON JANUARY 1?,' 1962 Total Boston New York Phila delphia Cleveland Rich mond Atlanta Chicago Minneapolis St. Louis Kansas City Dallas San Fran cisco (in millions of dollars) 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 28,879 1, 687 6,619 1,868 2, 592 2, 338 1,678 5,308 1, 254 575 1,182 854 2,924 17,C98 671 38 10 * 4,720 73 881 2,630 6b 3 423 29 30 2 2,691 21 787 34 11 2 928 36 7 4 5,098 1,196 25 20 1 1,242 727 46 10 719 752 36 13 1 802 690 bb9 884 42 9 1 936 996 35 12 2 1,045 2,575 76 29 4o 2,720 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 5,308 422 916 336 456 355 457 895 219 168 258 237 589 5 3 3,009 ' 4,295“ ~ 3 7 W 3 11 3 1 2 3 3,066 8 6,241" 20 2b 491 218 300 l8,107 1/62 243 16 6l 3 327355" 3 7 5 3 1 - 12, bbT b 3 5 * «, 905 2,166 1,193 63 15 31 10 6 1 1 2,378” 2,139 CAPITAL ACCOUNTS Capital, paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents b2 26 2 83 3 40 3 47 2 122 2k3 9 53,727 2,896 13,023 3,088 4, 1+23 3, 546 3,139 9,098 2, 213 118 6 2/32 7 11 5 6 16 b 1^7 888 37 21 42 51 2 12 b 60 19 37 25 50 1 120 5 1,224 2,436 2, 215 6,426 3 5 7 16 lV 218“ 929 3,686 325 19 950 1,294 235 1, 000 —— 755 2, 300 990 3,300 20 2 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1,943— 2,765 l, 600 -- 570 770 5,600 7,200 1,500 2, 071 30,3?5" 1,750 6,981 8,375 22 23, 075 585 -1, 235 31, 472 1, 820 “ 27437“ T 1,322 475 -l, 4oo l, 500 -4,100 4oo 2 160 2, 050 755 -1,715 960 2, 820 2,470 1,875 5,600 1, 362 510 670 1 1/ After deducting $156 million participations of other Federal Reserve Ban k s . 2/ After deducting $ 86 million participations of other Federal Reserve Ban k s . 1,769 .$ ] W -- * Less than $500,000.
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