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 July 18, 1963 The average of daily figures of total member bank reserves held during the week ended July 17 increased a net of $27 million to $20,124 million, m t e d currency and coin of member banks increased $188 million and their reserve balances at the Federal Reserve Banks decreased $l6l million, reserves decreased $67 million; and estimated excess reserves increased $94 lion to $557 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $157 million, compared with the revised figure of $l40 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $369 million in U. S. Government J ^ t i e s bought outright and $24l million held under repurchase agreement and $22 million in gold stock. The principal offsetting changes were increases of $203 in Federal Reserve float and $77 million in member bank b°rr°^ngs, and decreases of $ 10 0 million in Treasury deposits with Federal Reserve Banks, f51 million in "other" F.R. accounts (net), and $49 million in currency m circulation. Total Reserve Bank credit decreased $325 million. As of Wednesday, July 17, holdings of U. S. Government securities bought outright were $301 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $238 million lower, and member an or ings x/ere $151 million higher. Averages of daily figures 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) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Week ended Change from week ended Wednesday.. Ju ly 17, July 18, July 10, July 17, 1962 1963— 1963____ 1963 '(in millions of dollars)" 31,939 103 -369 -241 +2,635 + 103 31,752 + 3 + + 1 5 40 3 4oo 1 1,929 34,419 15,669 5,582 55,670 + 77 + 1 +203 -325 - 22 - 6 -352 + 237 - 14 - 110 +2,858 - 629 - 19 +2,210 282 35,850 396 922 180 199 1,056 38,603 - 49 + 5 -100 --+ 3 - 51 -191 +1,759 + 8 + 426 - 135 - 99 + 449 17,067 3,057 20,154 19,567 557 -161 +188 + 27 - 67 + 94 - 198 + 228 + 30 + 35 5 4o 6 «. - +2,468 1,965 317052 15,6 33 5,583 557258 35,820 398 884 180 211 1,065 38,557 16,701 3,273 19,975 19,692 282 On July 17, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,033, an increase $97 for the week and an increase of $1,650 million from the comparable date a year ago CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) H-4.1(a) July 17, i q 6i 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 c a p i t a l a c c o u n t s Capital paid in Surplus Other capital accounts (35*0 Change since July l8, July 10, 1963 - 6k 1962 lk,okl 1,308 15,3^9 + - 10 55 - 809 133 7 67S 338 282 + + 8 151 - 30 - 387 ko 3 2,93k lk,k6k 9,806 k,5k8 31,752 -31,752 32,077 (1,328) 6,k5l 102 397 (1,682) ~5jV7lk - (35*0 30,689 16,701 88k 180 (**) 211 (**) 17,970 (1,328) k,k86 72 (1,682) 53,223 k82 93k 75 (1,682) 5k,71^ + “- + + 301 + --- - 301 - 238 - 539 - 388 + l,10k -10 + 660 - Ilk k59 - 306 k + 10 + 159 + 668 5 + 708 + -- - k8 + 660 2 3 767 +8,751 -7,k68 + 682 +2,732 -- +2,732 +2,350 + 586 5 - 329 +1,896 +1,792 - 750 kk9 - 89 - 102 - k92 + 510 + 10 +1,820 + + 2k + k6 + 6 +1,896 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2.31o 31lowing pages--not consolidated) Contingent liability on acceptances purchased 8k for foreign correspondents * 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, JULY 17, 1963 (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 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 ** Less than $500,000. 277 5 Acceptances ---Hf— 29 ** *-- 282 -■$3 U. S. Government securities Changes during week Holdings -- 96 -------- 5,672 lk,936 8,385 2,120 181 31,752 + 62 -305 -— -- -539 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY IT, 1963 H.4.1(b) Boston Total New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Kansas City Minne apolis San Fran cisco Dallas (In millions of dollars; A S S E T S 522 1,797 l43_ 4l563 1,9^0 625 270 28 298 596 52 648 24 6l 11 19 25 8 15 10 16 ll 46 46 89 * 23 43 23 21 __ — 572 15,3^9 765 76 84l 3,810 822 4,132 724 75 799 1,035 115 1,150 913 104 l, 017 812 .76 888 2,225 223 2,448 F. R. notes of other Banks Other cash 35^ 338 23 22 92 63 3^ 17 12 31 26 20 30 30 Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S- Government securities: Bought outright-Bills Certificates Notes Bond. Total Held under repurchase agreement 282 4 27 5 2 13 32 4o 3 -*** 4o 3 152 747 507 1± 5I1A 2°>5 31,752 1,6L1 739 3,644 2,471 1,147 8,001 159 783 531 246 1,719 242 1,195 811 376 2,624 193 952 645 299 2,089 161 794 538 250 1,743 116 575 389 180 1,260 57 282 190 88 617 123 607 4n 191 1,332 591 4oi 186 1,298 1,275 591k, 128 Total U. S. Government securities 1,6^4-1 8,001 31,752 J-1-! 1 1.719 2,624 2,089 1,743 — 5J10Q- 1,260 617 1,332 1,298 4.128 Total loans and securities 32,077 1,645 8,071 1,724 2,626 2,102 1,775 5,389 l,260 64o 1,375 l, 321 4,149 556 3 1,390 8 101 503 3 21 688 7 33 568 5 26 556 l4 23 1,318 23 62 329 6 236 388 912 7 __ 1 1 4 9 17 335 12 18 56,396 3,110 13,857 3,101 4,547 3,764 3,316 9,325 2,265 1,220 2,460 2,276 7,15.5 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 l4,o4l ____ 1 "QPft 2,934 l4,464 9,8o6 — 7,779 102 - .. QQ7 lyJ- on CL\J 53 — mm mm 490 2,4l4 l,637 759 5,300 120 382 l, 880 10 __________ * Less than $500,000. 52 H-4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 17, 1963 Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne Kansas apolis City Dallas San Fran cisco (In millions of do3TLars) L I A B I L I T I E S 5,592 1,276 567 1,225 932 3,369 2,360 622 50 6 * 824 47 7 1 879 918 2,646 678 384 46 4 * 434 983 2,878 1,040 257 183 288 273 698 4 11 3 1 3,691 3,233 9,115 2,2l4 1,185 3 2,395 3 2,191 44 87 23 44 68 2tt 6 10 2 11 22 2 21 132 17 .32 6 27 51 5 40 4 53 4 3,101 4,547 3,764 3,316 9,325 2,265 1,220 2,460 2,276 7,155 5 8 4 5 12 3 2 3 5 11 Federal Reserve notes Deposits: Member bank reserves U-S. Treasurer-general account Foreign Other Total deposits 31,043 1,858 7,444 1,840 2,678 2,485 1,777 16,701 782 56 8 1 847 735 53 10 1 799 1,132 66 211 17,976 4,66l 122 1/53 145 4,981 734 67 8 4 813 903 82 10 1 996 Deferred availability cash items Other liabilities and accrued dividends TOTAL LL*? •TITLES 5,8l4 330 1,016 374 510 389 456 72 4 4 6 4 54,905 3,039 17 13,458 3,017 4,4io 432 934 75 23 44 4 19 27 54 3 56,396 3,110 13,857 4 2/22 884 180 16 2 1,216 86 25 1 2,472 55 10 * 154 23 5.5— 12 6,957 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 84 129 251 t>4 124 10 FEDERAL RESERVE AGENT’S ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1,929 7,799 1,914 2,845 2,618 1,868 5,743 1,349" 658 1,265 i,oo4 3,534 7,233 1 443 48 26,104 1,494 33,385 1,937 1,600 465 5 i,5C0 1,970 580 605 400 i,4oo 310 130 285 215 800 2,300 2,880 2,035 1,500 1,900 550 43 1,000 1,328 825 l,c4o 3,000 3,800 32,526 6,300 7,900 2,640 l/ After deducting $3 27 million pa]rticipat:Lons of other Federal Reserve Banks. After deducting $ 62 million participations of other Federal Reserve Banks. Digitized2J for FRASER * 4,500 5,900 1,100 l,4io 680 * Less than $500,000-
@FedFRASER