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 For immediate release July 26, 1962 H.$.l The average of daily figures of total member bank reserves held during the week ended July 25 decreased a net of $103 million to $19,989 million. Esti mated currency and coin of member banks increased $10 million and their reserve balances at the Federal Reserve Banks decreased $113 million. Estimated required reserves decreased $73 million; and estimated excess reserves decreased $30 mil lion to $532 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $$73 million, compared with the revised figure of $399 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $10$ million in member bank borrowings, $7$ mil lion in U. S. Government securities bought outright, $71 million in Federal Reserve float, and $29 million in gold stock, and increases of $55 million in Treasury deposits with Federal Reserve Banks and $3$ million in "other" F. R. accounts (net). The principal offsetting changes were decreases of $190 million in currency in circulation and $9$ million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $2$6 million. As of Wednesday, July 25, 1962, holdings of U. S. Government securities bought outright were $160 million higher than a week earlier and member bank borrowings were $533 million lower. Outright holdings of bills, certificates, and notes increased $127 million, $18 million, and $15 million, respectively. CVJ Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) H Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) GO Reserve Bank credit: U. S. Government securities— Bought outright--System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement Discounts and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Week ended Change from week ended July 26, July 25, 1962 1961 (In millions of dollars) *"D j Member bank reserves, Reserve Bank credit, and related items - 7$ -- + 2,510 11 $0 $ + + + + 59 15 29,230 -- 1,968 31,315 16,269 5,603 53,187 1 3 Wednesday July 25, 1962 29,180 -- 7 $ $0 -10$ -- 71 -2$6 - 29 + 2 -273 + 9 + 15 + $92 +3,026 -1,256 + 163 +1,933 121 -130 +1, $25 + 5 + 53 30 + $3 - 303 +1,193 33,901 $0$ 551 221 317 6$i 36,035 + 16 + 55 - 9$ + 19 + 3$ 17,152 2,837 -113 + 10 19,989 19, $57 532 - 73 - 30 -160 -103 + 7$0 + 2$2 + 982 + 1,100 - 118 — 15 1,$52 30,808 16,208 5,603 52,619 33,810 $1$ 565 237 303 639 35,968 16,651 3,125 197776 19,$38 338 On July 25, 1982, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,$02 million, an increo.se of $19 million for the week and an increase of $707 million from the comparable date http://fraser.stlouisfed.org/ a year ago. Federal Reserve Bank of St. Louis H.l*.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDEPAL RESERVE BANKS (in millions of dollars) Change 6ince *jSy~l^ JuIF257 1962 1961 July 25, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities (U48) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + - 125 31 9? -1,1*50 + 158 -1,292 381 + + 13 533 2 + + 2, 291* 5,731 17, 289 3,866 + + + 127 18 29,180 + -29,180 + 15 -I5o -160 + 128 - 780 +2,1*53 + 1*55 +2,256 -+2,256 29,356 - 371 +2, 3l*0 136 1*0 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS i**, 725 1,20 6 15,931 12 77 7 - 892 + 1 + 20 -1, 323 + (1*1*8) 28,725 - 172 +1, 259 16,651 + - 800 + + (1,01*8) U, 973 108 71*6 (1,1*96) 51, i*95‘ 565 237 (**) 303 (**) 17,756 (l, ol*8 ) - 3,521 130 32 10 712 1*55 1 61 50,063 -1,31*0 C A P I T A L A C C O U N T S 1*58 Capital paid in 888 Surplus 86 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS(1 ,496) 51, **95 --+ 17 -1,323 (1,1*96) + 637 3 1*22 +2, 092 + + 365 28 21 1*1 413 + 309 + 13 +1,995 + + 30 71 3 + 2,092 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - k.2$ + .3$ lowing pages--not consolidated) 33 -91° Contingent liability on acceptances purchased 66 -81 for foreign correspondents consolidating process; * Figures in parentheses are the eliminations made in the see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 25, 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 Vlithin 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, OCO. 118 18 -- 13 27 — --- +116 + 86 5o - 1*1* 10,156 2,219 + 29,l80 +I5o 21k __ 136 1*21 1*,92l* 11,2l*6 2 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 25, 1962 H.4.1(b) — To ta l B o s to n P h ila d e lp h ia New Y o rk C le v e la n d R ic h mond (In m illio n s A t la n ta C h ic a g o K a n sa s C it y M in n e a p o lis S t. L o u is D a lla s San F ra n c is c o o f d o l]. a r s ) A S S E T S G o ld c e r t i f i c a t e a c c o u n t R e d e m p tio n f u n d f o r F . R . n o t e s T o t a l g o ld c e r t i f i c a t e re s e rv e s 1^,725 1,206 15,931 694 69 w ~ 818 31 25 ll4 75 39 381 18 21 32 25 20 D is c o u n ts and a d va n ce s A c c e p ta n c e s : B ou ght o u t r ig h t TT. S . G o v e rn m e n t s e c u r i t i e s : Bought o u tr ig h t— B ills C e rt if ic a te s N o te s Bonds To ta l H e l d u n d e r r e p u r c h a s e a g re e m e n t 136 3 23 2 6 7 2,294 5,731 119 297 17,289 896 3,866 201 1,513 29,180 _ 568 1,419 4,28.1 957 7,225 _ 883 2,842 720 53 31 29 67 14 19 26 16 10 ll 45 1 1 -- -- 889 3,855 4o 48 1,266 448 -- 672 27 333 2,624 F . R . n o te s o f o th e r Banks O th e r cash 4o 306 809 74 1,163 103 286 584 50 634 983 94 1,077 71 3,569 - - -- 130 326 982 220 1,658 — 194 486 1,464 327 2,471 151 378 l,l4o 255 1,924 122 304 918 205 1,549 — — 218 385 961 2,899 229 690 648 4,893 154 1,164 — 91 - - 592 39 631 1,9H 11 22 12 58 6l 19 16 2 -- — — 50 124 375 84 101 93 252 231 759 699 2,186 1,179 489 3,689 633 -- 170 1,282 -- 156 -- 127 2,038 - - 290 724 -- r ,o t a l U. S . G o v e rn m e n t s e c u r i t i e s 29,180 1,513 7,225 1,658 2,471 1,924 1,549 4,893 l,l64 633 1,282 -.1,122--_3_,j89- D o t a l lo a n s a n d s e c u r i t i e s 29,356 1,516 7,288 1,660 2,477 1,931 1,560 4,938 1,165 634 1,301 1,195 3,691 6,021 1,229 925 24 112 172 27 4 18 305 7 266 13 37 723 14 4l 243 6 67 434 5 39 445 196 343 4 43 482 8 746 454 3 37 52,991 2,829 12,766 2,996 4,353 3,531 3,027 8,937 2,1C8 1,197 2,391 2,176 6,680 C a s h it e m s i n p r o c e s s c o lle c tio n D a n k p r e m is e s O th e r a s s e ts TO T A L A S S ETS of 108 9 31 11 98 H .4 .l( c ) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 25, 1962 st. Louis Minne apolis Kansas City 5,325 1,24l 579 1,200 864 35 11 l 911 2,567 53 30 1 2,651 597 Cleve Rich Atlanta Chicago mond land (In millions of dollars; Total Boston Net; York Phila delphia Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits 29,173 1,739 6,7*40 1,835 2,577 2,363 1,672 16,651 565 612 l, 184 38 20 731 1, 242 42 10 2 785 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4, 569 6l 51,559 Dallas San Fran cisco l i a b i l i t i e s 53 4,420 70 10 1/81 * 257 675 k, 828 735 45 13 l 794 3^4-4 796 282 395 312 364 748 630 185 3 15 12,379 4 2,915 6 4, 220 4 3, *464 3 2,950 10 8,734 2 2, 058 22 42 4 124 243 20 26 888 86 51 4 43 83 7 52,991 2,829 12,766 2,_936 4,353 3,-511 3,027 81 4 2/22 5 8 k k 237 303 17,756 2,761 •vc 26 7 * 867 3,035 402 842 941 2,756 4i 78 31 53 12 5 9 29 * ______1_______1______32_ 438 2,902 1,007 893 145 235 219 544 2 1,164 3 2, 331 2 2,095 7 6,488 26 6l 120 i CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 1+58 i 21 25 4o 47 6 ______5 64 16 11 124 20 31 15- ______3_______2_ A23L. 2,108 19 37 4 1*121._JL39i_ 50 11 2, 1x 6 6.680 11 3 2 3 \ k 11 668 l,24l 927 3,225 FEDERAL RESERVE AGENTS’ ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 30,526 1,809 7,053 1,895 2,736 2,465 1,751 5,463 1,293 480 7,820 19 23,840 1,390 31,679 1,870 1,6co 530 1 1,500 2,031 720 680 485 1,4oo — -- -- 1,805 2,485 l,4oo 90c 310 215 -18 1,010 ...-53Q___ 95-0_— Z2L_ 2.5CCL 690 1,278 970 3,400 1,350 — 5,600 7,200 2,100 2,820 2 / A f t e r d e d u c t i n g $ 59 m i l l i o n p a r t i c i p a t i o n s o f o t h e r F e d e r a l R e s e r v e B a n k s . 1,885 — 4,300 5,700 340 160 -- * Less than $500,000.
@FedFRASER