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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks HA.i...... For immediate release July 12, 1962 The average of daily figures of to ta l member bank reserves held during the 7reek ended July 11 decreased $101 million to $20,lkl m illion. Estimated cur rency and coin of member banks decreased $21 million and th eir reserve balances at the Federal Reserve Banks decreased $80 m illion. Estimated required reserves decreased $133 m illion; and estimated excess reserves increased $32 m illion to $576 m illion. E::cess reserves exceeded member bank borrowings at the Federal Reserve Banks by $521 m illion, compared with the revised figure of $52k m illion the 7reelt before. The principal changes reducing average reserve balances Tdth Federal Reserve Banks 7rere decreases of $85 million in U. S. Government securities held under repurchase agreement, $65 million in member bank borro7dngs, and $23 m il lion in gold stock, and an increase of $297 m illion in currency in circulation. The principal o ffsettin g changes 7rere increases of $163 m illion in U. S. Govern ment securities bought outright and $129 million in Federal Reserve flo a t, and decreases of $81 m illion in Treasury deposits 7Tith Federal Reserve Banks and $36 million in foreign deposits 7dth Federal Reserve Banks. Total Reserve Bank credit increased $132 m illion. As of Wednesday, July 11, 1962 , holdings of U. S. Government securities bought outright 7rere $759 m illion lor^er than a 7reek e a rlie r, U. S. Government securities held under repurchase agreement rrere $98 m illion lorTer, and member bank borroTdngs 7rere $38 m illion lo7rer. Outright holdings of b i lls , c e rtific a te s , notes, and bonds decreased $698 m illion, $20 m illion, $l 6 m illion, and $15 m illion, re spectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government se cu ritie s-Bought outright--System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement Discounts and advances-Member bank borrordngs Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits 7-dth F. R. Banks Foreign deposits 7.dth F. R. Banks Other deposits 7dth 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 d aily figures Week ended Change from 7reek ended Wednesday July 11, July 12, July 5, July 11, 1962 1961 1962 1962 (In m illions of dollars) 92 - 85 + 2 ,6o5 + 92 29,555 52 35 25 + 1 - 5 1 + 32 20 55 - 65 - 7 29,870 26 1 ,6 2 7 31,729 l6,5l2 5,602 +163 +129 25 + 8 + 25 + 336 +132 +3,088 23 -1,138 + 169 - -- 52 15 1,583 31,179 16,298 5,600 53,752 +I08 + 2,118 53,077 35,155 395 552 +297 - 5 35,152 397 29 k - 36 + 11 + 1 +1,358 + 9 + 62 + 63 + 56 301 700 - 81 36,295 +188 17,557 2,695 207151 19,565 576 - 80 - 21 536 335 219 705 - 296 +17251 36,233 877 16 ,855 + + 161 -10 1 + 1,038 -133 + 32 +1,119 - 81 3,085 19,929 19,555 385 On July 11, 1962, U. S. Government securities held in custody by the Fed eral Reserve Banks for foreign account 7rere $6,552 m illion, an increase of $262 mil lion for the 7reek and an increase of $875 million from the comparable date a year http://fraser.stlouisfed.org/ ago. Federal Reserve Bank of St. Louis H.4.1(a) c o n s o l id a t e d statem en t of c o n d it io n OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) July 11, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1*, 850 1,177 16, 027 (338) Change since July 12, July 1), 1961 .196.2. 135 7 128 - 6 56 + 13 — 12 + 1 20 3k9 57 32 20 2,608 5,698 17,261 3,878 -1,351 + 129 -1,222 + - - 698 20 16 -- 91 - 813 +2,615 + 591 +2, 302 + 1)2 +2, 31* 29,*87 - 15 7*9 98 8k7 29,596 - 915 +2,376 (91*0 5,1*9 107 721 (1,252)51,9*9 + + + - 108 1 7 933 + (338)29,017 + 88 29, **5 k2 16,81)4 1+36 335 219 17,83* (91*) 3,566 68 (1,252)50,1)85 C A P I T A L A C C O U N T S Capital paid in 1)58 Surplus 888 Other capital accounts 118 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1, 252)5179*9' 188 1) + *33 +1,771 +1,300 -1,01)5 5* + 29 75 -1,1*5 + + + + + - 10l) 6 9*7 86 + 26 +1,609 -- + 32 + 71 + 59 +1,771 - - + - I* 933 357 57 119 50 369 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages--not consolidated) 3*.0$ - 3.9# + .5# Contingent liability on acceptances purchased + 2 81) for foreign correspondents 65 * Figures in parentheses are the eliminations made in the consolidating process; see ccmparahle figures on combined basis on following pages.______________ _ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 11, 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 Changes Discounts and during week Holdings Acceptances advances Within 15 days -*23 38 391 27 l6 days to 90 days -35* 5,083 19 25 - 91 days to 1 year - - 65 11,*38 - - Over 1 year to 5 years 10,1*2 - 5 - Over 5 years to 10 years - 2,219 - - - 10 years DigitizedOver for FRASER 21* http://fraser.stlouisfed.org/ Total *5*7 29, *8? 52 57 Federal Reserve Bank of St. Louis STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 11, 1962 H.4.l(b) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City 307 27 334 688 Dallas San Fran cisco (in millions of dol]Lars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Fo R* notes of other Banks Other cash Discounts and advances Accentances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 1,220 3,620 874 71 945 103 1,323 1,043 18 22 io4 22 69 17 15 31 18 18 45 29 6 7 6 2 4 2 3,342 16,027 811 70 881 338 349 57 14,850 1,177 278 947 96 — —M 646 l,4io l48 324 221 201 4,274 960 981 29, M i-5 42 1,527 -- 7,290 42 1,673 -- 483 375 1,462 1,138 256 328 2;494. 1,941" — 'Octal U. S. Government securities 29,487 1,527 7,332 1,673 2,494 Total loans and securities 29,596 1,533 7,391 1,679 6,063 107 721 4l4 3 36 1,171 53,201 2,907 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 32 20 2 ,6c8 5,698 17,261 3,878 -—— 135 296 895 32 20 950 “— 172 138 303 916 206 2,623 208 2,831 592 50 552“ 48 736 594 39 633“ 1,967 122 2,089 8 16 17 9 14 9 l4 63 11 43 55 16 l 1 5 4 3 io4 57 124 374 84 115 105 230 698 330 20 ***** 437 956 2,894 650 — 227 689 250 758 171 720 2,182 490 63'9‘‘ 1,294 “*“ -“ 157 l,i90 “— 3,722 1,563 -- 4,937 155 1,175 — 1,941 1,563 4,937 1,175 639 1,294 1,190 3,722 2,496 1,945 1,565 4,953 1,176 640 1,299 1,194 3,725 485 8 66 458 271 180 108 6 26 4 17 307 6 31 249 13 36 710 5 38 477 l4 39 976 24 188 365 4 42 12,552 3,074 4,424 3,525 3,119 8,975 2,145 1,201 2,402 2,150 6,727 9 220 885 65 11 94 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 11, 1962 H.4.1(c) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago Minne apolis St. Louis Kansas City San Fran cisco Dallas (In millions of dol]Lars) 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 29,355 1,763 6,759 1,848 2, 588 2,370 1,689 5,345 1,248 588 1,211 868 3,078 16,844 714 32 15 * 809 25 1, 263 29 29 1 722 902 11 * 852“ 1,322 43 17 1 96J" 403 24 7 * 63T" 434 843 35 13 2 893 939 32 17 1 989 2,702 35 14 6 777 2,570 38 43 2 2,653 598 751 4,379 9 i /109 165 4,662 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4,480 310 719 287 374 304 386 757 207 143 234 208 16 4 2,838 12,156 4 5 4,289 4 3 3,455 3,o4i 11 8 ,7 66 2 2,094 64 124 21 16 11 20 3 19 37 5 26 61 31 4 50 6 120 15 436 335 219 17,83k 68 51,737 18 * 2,991 28 2 1,167 ______3________3 2,068 2,341 106 42 4l 2,891 551 11 6,531 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondent s 458 888 118 53,201 84 124 243 29 26 43 83 9 21 51 6 9 25 47 6 2,907 12,552 3,074 4,424 3,525 3,H9 8,975 2,145 l, 201 2, 402 2,150 6,727 2/23 5 8 4 4 12 3 2 3 5 11 934 3,209 22 42 5 4 4o FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral .2_/Aftex deducting $ 30,472 1,800 7,013 1,903 2,736 2, 454 1,759 5,448 1,300 671 1,245 7,780 9 23,665 31,454 470 — 1,390 1,600 485 160 7, 200 2,035 1,400 — 4,300 5,700 34o * 1,860 720 — 2,100 2,820 650 5,600 530 5 1,500 900 310 215 4 --2.400 950______Z55_ 1,264 970 3,300 -- — 1,830 2,480 6lmillion participations of other Federal Reserve Banks. 1,300 1,785 1.010 1,350 — 530 690 * Less than $500,000.
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