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The principal chances supplying average reserve balances with Federal Reserve Banks were increases of $407 million in member bank borrowings, $99 million in U. S. Government securities held under repurchase agreement, and $27 million in acceptances held under repurchase agreement, and decreases of $132 million in currency in circulation and $37 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $158 million in Federal Reserve float and increases of $70 million in foreign deposits with Federal Reserve Banks, and $28 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $371 million. As of bought outright securities held bank borrowings Wednesday, January 2, holdings of U. S. Government securities were $11 million lower than a week earlier, U. S. Government under repurcho.se agreement were $145 million lower, and member were $l6l 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 Held under repurchase agreement Discounts and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Week ended Change from week ended Dec. 26, Jan. 3, Jan. 2, 1962 1962 1963 (In millions of dollars) 30,478 120 52 54 714 2 2,684 34,104 15,978 5,570 55,652 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) 35,339 409 628 280 319 1,054 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 17,623 3,317' 20,940 19,990 950 38,029 - 11 + 99 +1,758 91 + + + + 5 27 54 50 ! 57 -132 +1,420 20 + 187 10 + 22 + 1 +1,600 +4ll +201 +6l2 +225 +387 16 +17482 . + + + | i i + 373 13 + 329 +2,409 - 911 14 37 70 24* 28 33* ! 30,478 4 +407 + 1 -158* +371* -+ 6 +377* + + + + - Wednesday, Jan. 2, 1963 86 1 2,913 33,589 15,978 5,572 i 55,139 ; 1 35,267 :• : 1 ; ^ 4l6 694 248 289 993 37,907 117 255 17,233 3,380 86 224 ! 20,613 i 20,238 1 375 138 * December 26 figures corrected. On Jo.nuc.ry 2, 1963, U. S. Government securities held in custody by the Federal Reserve Bunks for foreign account were $6,955 million, a decrease of Digitized $197 for FRASER million for the week and an increo.se of $942 million from the comparable http://fraser.stlouisfed.org/ da.te a year ago. Federal Reserve Bank of St. Louis H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION 'OF THE TWELVE FEDEBAL EESEEVE BANKS (in millions of dollars) Change since Dec. 26, Jan. 3, 1962 1962 Jan. 2, 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 1,266 * 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 (497 ) x -- 157^96 282 87 54 57 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS -- l4,430 (l,5io) (497) 1,015 4i 171 7 54 96 919 + ~ 161 - 44- 6 20 + + - 778 +11,483 - 9,267 4291 + 1,729 - ■184 + 17555 6 2; 442 13) 182 10)717 41137 30)478 —*r 30,4f8 1 11 ---11 145 I 58 30,676 - 291 4* 1,435 + 1,302 — + 29 +1,o46 4553 6 + 126 4-17158 - 4- l, 365 - 6,908 104 375 (2,007) 54,c4l 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 + - 30)110 284 I8T555 + 366 + 92 + 19 33 + “r o 44* - 3,995 ,65 (2,007) 52,634 + 957 20 +1,097 451 41 4- 1,079 C A P I T A L A C C O U N T S Capital paid in 469 Surplus 934 4 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,007) 54.041 + 2 + 46 99 +1,046 44- Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 17,233 694 248 289 (l,5lb) 573 333 108 10 338 23 46 -4- 1,148 Federal Reserve Bank of St. Louis Discounts and advances 84 3 Acceptances 71 4o - - - - - - «... ... - - - - 57 ill OJ• 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 http://fraser.stlouisfed.org/ 1 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (coin put ed from figures as shown on the fol - 2.6# 32.0# lowing pages--not consolidated) Contingent liability on acceptances purchased 86 + 2 for foreign correspondents 38 * 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, JANUARY 2, 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 Changes Holdings during week 4ll -108 5,164 + 39 11,850 - 87 10,808 2,094 151 30,478 - «. - - - 5138 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 2, 1963 H.4.1(h) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco 298 688 51 739 434 40 474 1,764 139 1,903 16 10 20 10 57 40 * 3 (In millions of dol].ars) 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 Held under repurchase agreement U. S . Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 1,266 15,696 754 72 826 4,065 497 282 87 14,430 54 57 1,084 112 1,196 939 ICO 734 71 44 23 93 36 43 l6 * 1 * 54 57 — — 2,442 13,182 10,717 4,137 30J478 w -- 303 4,368 654 76 730 118 637 518 200 — — 1,039 805 2,449 221 2,670 567 53 620 33 21 38 27 54 22 44 52 16 33 9 17 1 2 21 11 * 31 --- -~““ —— -- —— —— “*— 160 l4l 413 101 545 443 — -- -- 3,255 2,647 1,022 7,527 — l4o 754 6l4 237 1,745 -- 196 1,060 862 603 333 2,451 — 866 704 272 2,002 — 760 618 238 1,757 — 2,232 22 28 326 50 272 mm mm 100 537 436 l,8l4 701 5,160 -- 1,260 -- 221 168 85_ l,24l 628^ •*-- 171 — — 100 320 536 435 1,728 1,405 542 3,995 —— 168 1,239 — Total U. S. Government securities 30,478 1,473 7,527 1,745 2,451 2,002 _J^I5X_ 5,160 1,260 628 1,241 Total loans and securities 30,676 1,473 7,639 1,745 2,468 2,003 1,759 5,181 1,271 628 1,272 1,239 3,998 8,4l8 104 375 627 497 3 21 748 7 32 651 665 5 13 22 333 13 961 11 23 1,179 24 59 364 7 18 1,820 8 95 56,048 3,014 14,059 3,055 4,505 3,786 3,340 9,209 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 3 216 357 4 6 15 _____ 2 _ 2,307 1,225 -1*23-2-.3-*22i_ 16 16 2,424 2,105 *Less than $500,000. *2_ 7,019 H.4.1(c) STATEMENT OF' CONDITION OF' EACH FEDERAL RESERVE BANK ON JANUARY 2, 19^3 Phila delphia Cleve Rich Atlanta Chicago mond land (in millions of dollars) Total Boston New York Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits 30,607 1,798 7,212 1,857 17,233 694 i 248 | 289 18,1*64 738 63 11 1 813 5,191 66 l/8l 241 684 44 13 l 5,579 742 42 22 1 1,223 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 5,505 333 873 372 Minne apolis St. Louis San Fran cisco Kansas Dallas City l i a b i l i t i e s 1,788 5, 527 1,295 578 1, 222 910 3,223 687 74 10 3 863 638 780 906 682 405 31 5 1 442 829 42 10 1 774 2,497 112 32 2 2,643 882 832 2,763 115 31 37 2,946 468 422 565 829 280 171 257 280 655 5 4,374 5 3,720 11 2 l 3 8 9,oio 2,259 1,192 3 2,364 2,025 6,832 66 16 ll 22 * 20 32 * * 27 53 * 124 1 2,678 2, 519 1,158 30 12 1 4 36 8 * 39 13 * 65 54,64l 4 16 2,948 13,680 3 2,974 469 934 4 22 44 * 127 251 1 27 54 * 43 87 l 22 44 * 26 51 * 132 1 56,o48 3,014 14,059 3,055 4,505 3,786 3,34o 9,209 2, 307 1,225 2,424 2,105 7,019 86 4 2/23 5 8 4 4 12 3 2 4 5 12 3,263 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign corre spondent s 4o 62 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 32,107 1,875 7,508 1,934" 7,699 43 25,124 535 l, 60c 465 * 1,500 1,965 1,365 32,866 1,900 6,000 7,600 2, 862 2,643 1,883 5,724 1,366 672 1,266 970 3,402 670 500 1, 400 350 11 130 290 215 80c 2,250 744 1 1,909 l,4co 4,500 .1*050.____ 550 31 1,000 2,920 2, 654 1,900 5,900 680 1, 321 80c 1,015 2.800 3,600 1/ After deducting $167 million participations of other Federal Reserve Banks. 2/ After deducting $ 63 million participations of other Federal Reserve Banks. 1,4ll * Less than $500,000.
@FedFRASER