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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Bonks H.4.1*'" For immediate release July 19, 1962 The average of daily figures of total member hank reserves held during the reek ended July 18 decreased a net of $43 million to $20,096 million. Esti mated currency and coin of member banks increased $139 million and their reserve balances at the Federal Reserve Banks decreased $182 million. Estimated required reserves decreased $37 million; and estimated excess reserves decreased $6 million to $540 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $377 million, compared with the revised figure of $491 million the reek before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $566 million in U. S . Government securities bought outright and $92 million held under repurchase agreement, and $ll4 million in gold stock, and an increase of $44 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $108 million in member bank borrowings and $4l2 million in Federal Reserve float, and decreases of $64 million in currency in circulation and $93 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $l68 million. As of Wednesday, July 18, holdings of U. S. Government securities bought outright irere $425 million lover than a reek earlier, U. S. Government securities held under repurchase agreement were $42 million lower, and member bank borrowings were $612 million higher. Outright holdings of bills and bonds decreased $44l million and $12 million, respectively; certificates and notes increased $15 million and t>13 million, respectively. 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 Treastiry 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 July 11, July 19, July 18, 1961 1962 1962 (In millions of dollars) 29,304 -5 66 - 92 + 2,567 29,020 39 1 + 5 - 24 + + 5 38 -- 163 +108 - 11 + 108 + i4 + 291 + 2,986 -1,249 + 164 + 1,900 654 15 1,889 3l7ol6 64 6 44 21 3 93 34,007 398 435 269 313 644 -106 +1,457 4 - 109 + 97 + 24 - 339 + 1,126 -182 +139 - ^3 - 37 - 6 + 774 + 247 +1,021 +1,170 - 149 15 2,039 31,561 16,298 5,601 53 ,^60 3^,091 388 496 315 298 607 36,195 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Wednesday, July 18, 1962 17,265 2,831 20,096 19,556 540 +412 ^T€S - 11 k - 1 -282 + + - 1 16,298 5,602 53,516 36,066 17,^51 3,045 20,496 19,632 864 On July 18, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 6,383 million, a decrease of $169 million for the week and an increase of $725 million from the comparable date a http://fraser.stlouisfed.org/ year ago. Federal Reserve Bank of St. Louis H.4.1(a) C O N S O LID A TED S TA TEM EN T OF C O N D IT IO N C F T E E TW ELVE FED ER AL RESERVE BANKS ( I n m illio n s o f d o lla r s ) July 18, Change since July 19, July 11, 1962 1962 A S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities lb, 850 1,175 * (387) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 16,025 368 2 -1,325 + 127 -1,198 669 + 7 497 3« -- + b - 20 + ? .. + - 798 +2, 628 + 579 +2,453 29,020 ,, -441 + 15 + 13 - 12 7425 - 42 -467 29,727 +131 +2,955 5,865 +716 + + 19 29,020 -- (1,199) 2 +612 2,167 5,713 17,2 jb 3,866 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS -- 1961 +2,453 650 (1, 586) 107 726 52,818 + 5 +669 4 + 421 +2,817 (387) 28,897 -120 +1,302 17,451 435 +607 +1,176 - 211 + 32 + 48 +1,045 -- 18,468 - l - 66 + 94 +634 3,976 +4io 269 313 (1,199) (1,586) 51, 403 6 +918 458 888 --- 62 - + 352 + 21 + 2,720 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS^ 586) 52,“8lS +869 31 71 5 +2,817 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages--not consolidated) 33.6# -.bio - - 69 b9 + + 4 .3$ C o n t in g e n t l i a b i l i t y on a c c e p t a n c e s p u r c h a s e d 68 81 - 3 f o r f o r e ig n c o rre s p o n d e n ts c o n s o l i d a t i n g p r o c e s s ; * F i g u r e s i n p a r e n t h e s e s a r e t h e e l i m i n a t i o n s made i n t h e p a g e s ._________________ se e c o m p a r a b le f i g u r e s on c o m b in e d b a s i s on f o l l o w i n g MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY l8, 1962 (Acceptances and securities"held under repurchase agreement are classified as maturing within 15 days in accordance with ma.ximum maturity of the agreements*) U. S. Government, securities Changes Discounts and during week Holdings Acceptances advances Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 yearn Over 5 years to 10 years DigitizedOver for FRASER 10 years http://fraser.stlouisfed.org/ Total' Federal Reserve Bank of St. Louis 652 17 - - 10 28 Si' ST 2/219 -* 869 305 4,968 11, l60 10/154 .214 38 29,020 - 86 -115 -278 + 12 — -- STATEMENT OF CONDITION OF EACH FEDEBAL RESERVE BANK ON J u l y 18, 1962 H.4.1(h) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas (in millions of dol]Lars) A S S E T S 14,850 1,175 760 16,025 830 F. R. notes of other Banks Other cash 387 368 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 669 Gold certificate account Redemption fund for F. F.. notes Total gold certificate reserves 38 2,167 5,713 17,274 3*866 29,020 -- 3,669 277 3,946 856 1,202 2,476 104 917 95 862 71 927 64 208 1,306 1,012 926 2,684 27 24 108 29 17 17 32 22 18 47 30 23 74 14 189 21 63 18 ll 70 -- 112 296 896 201 38 -- 536 123 1,415 4,277 324 1,505 -- 957 7,185 -- 1,649 -- 184 484 1,463 327 2,458 -- 982 220 664 48 666 3H 27 338 12 17 21 10 14 66 10 12 17 50 58 169 8 1 4l 56 78 — -- 143 376 1,139 255 1,913 115 304 917 6l6 50 _ 363 958 712 87 2,897 1,551“ 648 4,866 154 1,158 __ -- -- 47 124 374 84 ' 829 558 39 597 1,959 122 2,081 __ — -» 228 689 205 San Fran cisco 274 170 1,275 88 231 698 156 2,183 489 1,173 “ 37668 95 251 759 722 -- Total U. S. Government securities 29,020 1,505 7,185 1,649 2,458 1,913 i,54l 4,866 1,158 629 1,275 1,173 3,668 Total loans and securities 29,727 1,519 7,412 1,670 2,521 1,931 1,552 5,035 1,166 630 1,316 1,229 3,746 7,o64 107 726 550 3 36 1,424 9 576 8 65 520 505 1,162 283 824 4o 109 27 16 344 7 31 275 l4 4o 6 203 5 24 188 398 3 42 13 36 11 06 54,4o4 2,989 13 ,l6l 3,086 4,525 3,548 3,n4 9,103 2,177 1,222 2,434 2,179 6,86c Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1 4 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY l8, 1962 H.k.l(c) Total Boston Phila delphia New York Cleveland Rich mond A t l a n t a Chicago St. Louis Minne apolis Kansas Ci t y Bali a s S an Fran cisco (in m i l l i o n s o f dollars) L I A B I L I T I E S F e d e r a l Reserve n otes Deposits: M e m b e r "bank reserves U.S. T r e a s u r e r - g e n e r a l a c count Foreign Other -Total d e p osits B e f e r r e d a v a i l a b i l i t y c a s h items Other liabilities and accrued dividends TOTAL LIABILITIES 1,755 6,749 1,843 2,585 2,368 1,684 5,341 1,245 584 1,205 867 3,058 730 29 12 1 772 4,775 66 1/83 261 5,185 771 1,283 34 32 24 15 1 1 821 1,340 745 22 11 4 782 907 22 14 1 944 2,564 50 36 2 2,652 627 27 9 * 663 408 29 6 443 856 34 11 1 902 958 27 14 1 1,000 2,827 63 34 4o 2,964 391 5,175 4 62 52,989 2,922 830 463 327 407 901 218 159 265 229 646 15 12,779 4 3 .. 5 ... 3,006 4,393 3,481 3 3,038 9 8,903 2 ... .3. 3 2,128 1,189 2,375 3 2,099 8 6,676 22 42 3 124 243 15 21 4o 6 25 47 4 64 124 12 54,4o4 2,989 13,161 4 2/22 29,28k 17,k51 435 269 313 18,468 339 C APITAL ACCOUNTS 458 888 69 C a p i t a l p a i d in S u r p l us O t h e r cap i t a l a c c o u n t s TOTAL LIABILITIES A N D CAPITAL ACCOUNTS 26 51 3 43 83 6 3,086 4,525 _...3.,_548 3,114 _9.U03 16 31 2 2_J.IL- ll 20 2 1 .222 19 37 3 26 61 120 50 4 ____2_ 2jf34 2,179 6.866 C o n t i n g e n t l i a b i l i t y oh a c c e p t a n c e s p u r c h a s e d for foreign correspondents 81 5 4 8 F E D E R A L R E S E R V E AGENTS' F. R. n o tes outsta n d i n g C o l l a t e r a l for F. R. notes: G o l d certificate account Eligible paper U. Government securities S. T o t a l collateral 1/ A f t e r d e d u c t i n g $186 Digitized 2/ for FRASER After deducting $ 4 ll 7,033 1,899 2,738 2,471 1,762 5,472 480 — 23 , Iko 1,390 31,647 l, 870 600 — 5,600 7,200 720 530 20 1,500 2, ICC 2,050 2,820 700 485 — 1,300 1,785 l, l, 2 3 4 11 1,299 670 1,240 931 3,226 215 900 — -- A C COUNTS 30,557 1,816 7,84o 67 3 1,805 2,505 4oo -- 4,300 5,700 160 340 310 4o -7 1,010 .5.3.Q 950 „ 690 1,300 1,357 755 970 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Re s e r v e B a n k s . 59 m i l l i o n p a r t i c i p a t i o n s of other F e d e r a l R e s e r v e Bank s . * Less t h a n $500,000. 2,500, 3,400
@FedFRASER