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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 31* 1963 The average of daily figures of total member bank reserves held during the week ended January 30 decreased a net of $284 million to $19*631 million. Estimated currency and coin of member banks increased $l4 million and their reserve balances at the Federal Reserve Banks decreased $298 million. Estimated required reserves decreased $l64 million; and estimated excess reserves decreased $120 million to $364 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $265 million, compared with the revised figure of $314 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $692 million in Federal Reserve float and $71 million in member bank borrowings. The principal offsetting changes were increases of $77 million in U. S. Government securities bought outright and $148 million held under repurchase agreement, and a decrease of $28l million in currency in circulation. Total Reserve Bank credit decreased $548 million. As of bought outright securities held bank borrowings Wednesday, January 30, holdings of U. S. Government securities were $191 million higher than a week earlier, U. S. Government under repurchase agreement were $252 million higher, and member were $499 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 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) Averages of daily figures Week ended Change from week ended Wednesday, Jan. 30, Jan. 31* Jan. 23* Jan. 30, 1962 1963 1963 . .. (In millions of dollars) 29*975 148 + 77 +148 +1 *665 4- 148 61 + 2 - 12 + 4* 15 15 59 99 - 71 -- 150 1*615 31*916 -692 4* 39 32 + 388 15*928 5*571 53,415 -+ 4 ■1544 - 904 19 +1 . ,315 34,080 -281 432 837 + 3 + l4 - 5 4* l6 + 6 1246 + 1 ;,287 18 4- 413 + 7 41 76 4-17514 34,c 80 423 779 299 16,419 3*340 19*759 15 2 220 297 966 36,832 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 16,583 3*048 19*631 19*267 364 ,238 -298 + i4 1284 -l64 -120 - 4- 172 - 127 4* 40 - 167 30,054 252 20 -1,178 31*713 15,928 5*571 53*212 219 325 968 36,794 19*272 487 On January 30, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,107 million, a decrease of million for the week and an increase of $1 ,704 million from the comparable Digitized $36 for FRASER http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis H.l.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in ntillions of dollars) , J & x ii 30> 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Bought outright Held under repurchase agreement Total U. S. Government securities (725) il, 385 1,275 15,660 + 22 - 1 + 21 - 1,003 + 121 882 - 1+37 + 19 + 16 + + ll -500 150 — 59 20 - 2 21 20 'l 307055 252 +252 30,306 +11.3 979 +11,502 - 9,326 4- 325 + l, 522 + 252 4- 1,774 30,535 - 59 + 1,829 1,806 10I I76 (1,766 ) 52,0l8 -761 - l + 15 -769 4- loi 7 4- 159 4- 1,155 O O 1—1 o\ OJ +191 -— -+191 -117 4- 1,256 16,119 -337 - 81 - 13 + I9 5355 • 4~ 4- -291 + 6 -787 4~ 129 41 + l, 379 1 423 416 46 4- 1,155 2,053 13,182 10,682 1,137 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Jan. 23, Jan. 31, 1963 1962 (l,0 ll) l i a b i l i t i e s Federal Reserve notes Deposits: Member hank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (725) 779 219 325 17,7^2 (1,oia) 3,628 70 (1,766 ) 50,510 C A P I T A L A C C O U N T S Capital paid in I71 Surplus 93l Other capital accounts 73 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,766 ) 52,018 + - - + 17 -769 153 117 10 39 7 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (ccm' puted from figures as shown on the fol - 2 .8# + .1$ lowing pages--not consolidated) 32.9* Contingent liability on acceptances purchased for foreign correspondents 81 -36 * 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 30, 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 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 Digitized forTotal FRASER Discounts and advances 148 2 Acceptances 37 12 - - - - „ - - - - - - - - 150 79 U % S • Government. securities Changes Holdings during week +lll 511 5,021 +210 11,756 10,773 2,09l 151 30,306 + 92 - — — 5553 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 30, 1963 Total Boston Philadelphia New York Cleve land Rich mond Atlanta Chicago St. Louis ! ------| Minne I Kansas Dallas apolis 1 City San Fran cisco (in 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 Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 57 38 49 36 71 34 8 6 15 7 4 59 -- -- 507 3,255 113 172 1,108 898 59 -- 2,053 105 669 10,682 2,4o 6 2 1 4o * 1 42 89 264 575 465 84 536 434 181 1,310 168 1,222 6i4 53 138 69 "*— 20 20 13,182 38 15 60 69 75 25 6 20 15 14 88 12 39 817 150 1,906 23 1,137 437 612 64 71 1,203 230 2,636 146 629 Wf 100 60 34 1,768 578 51 741 76 75 843“ 573 39 285 28 313 1,037 3,815 301 4,ll6 725 768 1,092 111 708 73 781 14 ,385 ! 1 ,275 ! 15 ,660! 543 209 4,137 30,054 1,526 -252 2,638 1,022 726 589 135 868 704 720 2,232 81 526 583 l,8c8 427 113 701 228 1,656 348 272 2,526 252 -- 1,979 -- 1 ,642 -- -- 5,089 -- 7,422 226 348 166 1,200 “— 272 220 85 619 —~ *» ~ 1,695 1,373 531 3,853 _ _ Total U. S. Government securities 30 ,306 : 1,526 7,674 1,656 2,526 1,979 1,642 5,089 1,200 619 1,310 1,222 3,863 Total loans and securities 30,535 1,532 7,761 1,662 2,541 1,986 1,646 5,149 1,202 620 1,350 1,222 3,864 5,847 104 1,110 8 34o 434 13 27 976 24 76 6 297 7 268 4 119 423 5 30 160 26 480 7 42 264 476 433 3 23 19 11 21 21 662 11 61 53,784 2,866 13,329 2,974 4,368 3,666 3,042 8,996 2,201 1,159 2,333 2,189 6,66l Cash items in process of collection Bank premises Other assets TOTAL ASSETS 3 13 *Less than $500,000. H.l.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 30, 1963 r— . T o tal Boston New York Phila delphia l Cleve Rich Atlanta Chicago mond land (In millions of dollsi r s ) St. Louis Minne apolis Kansas Dallas City San Fran c is c o L I A B I L I T I E S F ed eral Reserve notes E e p o s its : Member bank re se rv e s U.S. Treasurer-general account Foreign Other Total deposits Deferred availability cash items Cther liabilities and accrued dividends TOTAL LIABILITIES l,75l 7,062 1,815 2,606 2,119 1,719 5 ,!io 1,261 566 1,190 882 3,108 : 16,119 587 68 \ 779 i 219 9 l ! 325 17,7^2 • 665 1,609 723 52 1,162 813 37 2,170 381 35 935 10 1 891 2, 572 o il 2,592 116 25 15 2,778 1,669 j 373 819 385 329 3^7 791 606 61 6 1 67I 210 802 55 17 l 1,235 709 92 9 3 813 207 570 1 17 12,932 1 2 3, 595 1 2,961 12 2,889 6 1,232 9 6,I65 127 27 129,825 70 52,306 12,796 ,75 1/82 268 5,031 11 1 787 281 3 7l 27 1 68 11 16 1 121 8 2 858 135 219 3 8,785 3 1,125 3 2,150 2,270 2,106 27 63 12l 6,661 1 * 1, CAPITAL ACCOUNTS C a p ita l paid in Surplus Other c a p ita l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171 93I 22 11 ^ 19 4 87 5 53,781 '2,866 13,329 2,971 K 3& 73 1 Contingent l i a b i l i t y on a c c e p t ances purchased f o r fo re ig n •correspondent s_______________ 251 22 26 66 11 51 16 32 3 11 22 1 20 10 1 132 13 3 53 3 3,666 3 ,0 l2 8,996 2,201 1,159 2,333 2,189 1 5 12 CT 2/23 9 11 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. n otes outstanding C o lla te ra l, fo r F . R. n o te s : Gold c e r t i f i c a t e account E lig ib le paper U. S. Government s e c u r i t i e s T o ta l c o l l a t e r a l 1,837 7,117 1,904 2,825 2,611 1,820 5,652 1,339 1,238 951 3,339 7, 517 55 2 5 ,2S1 113 l , 600 670 i,lc o 800 2,250 1,A50 1, 500 290 130 350 lo 2 1,00c 1,050 ... ..-53_Q_ 215 6,000 70l 7 1,927 I50 1, l o l I65 6 1,500 800 2.800 32,803 1,817 7,600 1,971 2,920 2, 638 1,900 5,900 1 , 102 1,015 3.600 1 / A fte r deducting $137 m illio n p a r tic ip a tio n s o f $ 6 l m illio n p a r tic ip a tio n s of o th er Federal Reserve Banks. 2 / A fte r deducting 661 31,627 680 1,330 * Less than $300,000.
@FedFRASER