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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R* Banks H.4.l" For immediate release July 5> 1962 The average of daily figures of total member bank reserves held during the week ended July 4 increased a net of $l66 million to $20,220 million* Est imated currency and coin of member banks decreased $117 million and their reserve balances at the Federal Reserve Banks increased $283 million. Estimated required reserves incres,sed $109 million; and estimated excess reserves increased $57 mil lion to $539 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $419 million, compared with the revised figure of $314 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $474 million in U. S. Government securities bought outright and $90 million held under repurchase agreement, and a decrease of $187 million in "other" F.R. accounts (net). The principal offsetting changes were decreases of $48 million in member bank borrowings and $170 million in Federal Reserve float, and an increase of $274 million in currency in circulation. Total Reserve Bank credit increased $361 million. As of Wednesday, July 4, holdings of U. S. Government securities bought outright were $959 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $8 million lower, and member bank borrowings were $279 million lower. Outright holdings of bills, certificates, notes, and bonds increased $672 million, $l4o million, $87 million, and $60 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 Averages of daily figures Week ended Change from week ended July 5, July 4, June 27, 1961 1962 1962 (In millions of dollars) 29,707 177 33 29 120 33 1,498 31,597 16,435 5,602 "537634 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) 33,858 398 533 330 290 699 36,107 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 1962 +474 + 90 +2,433 + 168 30,194 l4c + + 3 + 32 32 + 72 + 32 + 296 +3,029 -1,115 + 167 +2", 08l 80 3 27 - 48 - 15 -170 +361 + 2 + 2 +365 +274 + 2 - 17 - 13 + 24 -187 + 82 19,681 +283 -117 +166 +109 539 + 57 17,527 2,693 20,220 Wednesday, July 4, 29 33 1,579 32,096 16,435 5,602 547127 +1,374 + 10 + 99 + 97 27 - 308 +1,244 34,058 3$8 490 + 838 + 296 +1,134 +1,142 8 17,889 2,702 306 294 692 36,238 1 20,591 19,650 941 On July 4, 1962, U. S. Government securities held in custody by the Fed eral Reserve Banks for foreign account were $6,290 million, a decrease of $l6 mil lion for the week and an increase of $613 million from the comparable date a year http://fraser.stlouisfed.org/ ago. Federal Reserve Bank of St. Louis C U W S U LiD A TED S l A T i l W i T O F C O N D IT IO N O F T H E m V B FE D E R A L RESERVE BANKS (in millions of dollars) July b, 1962,__ A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves „ y. /y Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities (303) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1^,985 1,170 16,155 - 5 + 2 - '3 -1,226 + 129 -1,097 355 113 - 17 -280 + + 16 52 32 32 + 2 + 18 + 3 32 3,306 5,718 17,277 3,893 30,19s +672 iko 30,33b - 8 +951 + 367 - 793 + 2,631 + 606 +2,611 + 1^0 +2,951 30,511 +691 +3,032 5,041 106 71U (1,290) 52,882 - 35 - 1 + 22 +657 + + bbl +3,290 (303) 28,929 +393 +1,184 17,889 +698 +1,365 + l-fcl + 31 + 60 +1,597 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since July 5, June 27, 1961 1962 (987) 490 306 29 b 18,979 (987) 3,^62 62 (1,290) 5I7S32 C A P I T A L A C C O U N T S Capital paid in k58 Surplus 888 Other capital accounts 10U TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,290 ) 527682 +140 + 87 + 60 +959 - 88 - 36 + 61 +635 903 5 -372 - 18 + 387 + 16 +37l8^ + + 33 + 71 + 2 +3,290 +638 1 -- + 18 ?T57 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shorn on the fol lowing pages--not consolidated) 33 •5$ -.7i - b . 5% Contingent liability on acceptances purchased for foreign correspondents 82 - 20 73 -* 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 U, 1962 (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 Total for FRASER http://fraser.stlouisfed.org/ * * Less than $ 5 0 0 ,0 0 0 . Federal Reserve Bank of St. Louis Discounts and advances 88 25 ** - - -Il3 Acceptances 'bl 23 ----«. 6S U. S. Government s e c u r i tie s Changes during week Holdings 8l4 +331 5, ^37 +329 +151 11,503 10,i b l +1^0 2,219 21^ 30,33S +951 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CN JULY 4, 1962 H.4.l(h) Total Boston New York Phila delphia Cleve land Rich mond St. Louis Minneapolis 208 579 49 310 27 337 706 6l6 48 754 37 653 13 16 Atlanta Chicago Kansas City Dallas 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 14,985 818 1,236 101 3,941 890 1,337 68 94 15 17 13 9 278 16,155 888 F. R. notes of other Banks Other cash 303 355 13 22 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 113 6 3,306 5,718 17,277 3,893 30,194 l4o 896 202 1,566 -- 964 7,476 l4o Total U. S. Government securities 30,334 1,566 Total loans and securities 30,511 6,028 106 TOTAL ASSETS 821 69 3,663 70 Cash items in process of collection Bank premises Other assets 1,170 908 96 l,oo4 821 65 886 2,799 628 i4 19 46 30 17 65 8 18 19 31 7 8 5 33 3 2 16 -- 2,591 --- -- 188 280 218 176 325 -- 484 1,463 330 2,557 -- 377 1,139 257 1,991 -- 303 917 207 1,603 -- 554 959 2,897 653 5,063 -- 7,616 1,716 __ 2,_5_52_ 1,991 1,572 7,693 1,725 2,564 1,999 1,319 9 186 365 3 4l 446 8 714 424 3 35 54,172 2,957 13,310 3,056 32 32 --- 32 32 --«* 171 297 818 l,4l6 4,278 982 221 1,716 -— -- 132 155 1,204 ... 72 124 375 84 655 -- 1,603 .5,063 . 1,204 655 1,608 5,096 1,207 520 895 65 471 5 38 14 39 24 107 4,467 3,550 3,143 9,003 — -— 228 689 11 10 1,916 122 2,038 13 32 51 2 12 13 — — — - - - -- -- 136 235 711 231 698 134 427 739 1,242 1,220 160 2,232 -- 503 3,901 -- 1,242 1,220 3,901 657 1,255 1,222 3,913 275 166 290 6 26 4 16 6 31 237 13 36 620 11 94 2,168 1,209 2,360 2,190 6,759 — 157 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 4, 1962 Total Boston Phila delphia New York Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of dollars) 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 Cleve land 29,232 1,755 6,765 1,84l 2,565 2,358 1,676 5,315 1,238 586 1,204 857 3,072 17,889 490 4,882 50 1/87 238 5,257 781 18 951 43 638 1 1,011 29 13 .... 3 1,421 2,802 24 10 1 673 427 29 7 1 464 836 14 4 784 2,687 71 42 2 832 1,347 44 28 2 748 294 18,979 716 33 14 1 764 881 1,009 38 17 1 1,065 2,867 79 4l 38 3,025 4,449 366 880 296 343 336 375 670 204 124 211 184 46o 62 4 16 4 2,973 4 4,333 3 _ 3,48l 10 8,797 2 2,117 2 8 6,565 43 51 83 6 .....8 21 40 . 8 _ 16 s 64 124 .... 18 306 52,722 2,889 12,918 32 17 2 16 4 3,066 2 ..... 3 _ 1,176 2,299 2,108 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign corre spondent s 458 888 io4 22 42 4 124 243 ... . 25 26 54,172 2,957 13,310 3,056 4,467 3,550 3,143 9,003 2,168 1,209 82 4 2/22 5 8 4 4 11 3 25 47 31 4 11 19 20 37 2 -n.. S - 26 50 6 6l 120 13 2,360 2,190 6,759 2 3 5 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 30,242 1,782 7,012 1,881 470 1,600 2.100 1,800 1,300 2,820 2,450 1,785 7,780 20 23,410 1, 365 5.600 530 7 1. 500 31, 210 1,835 7,200 2,037 - - 2,703 2,440 1,737 5,415 1,288 666 1,227 911 3,180 720 650 485 1,400 310 215 900 — - - 530 11 ... 950 - - 4.100 340 2 1.010 160 - - 5,500 1,352 690 1,271 l/ After deducting $219 million participations of other Federal Reserve Banks. 2/ After deducting $ 60 million participations of other Federal Reserve Banks. - - — 755 . 2.400 970 3,300
@FedFRASER