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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release ** July 5 , 1963 The average of daily figures of total member bank reserves held during the week ended July 3 increased a net of $ l 4 o million to $ 2 0 ,1 9 4 million. Est imated currency and coin of member banks decreased $116 million and their reserve balances at the Federal Reserve Banks increased $256 million. Estimated required reserves increased $94 million; and estimated excess reserves increased $46 mil lion to $425 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $96 million, compared with the revised figure of $145 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $648 million in U. S. Government securities bought outright and $95 million in member bank borrowings, and a decrease of $29 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $ 2 0 3 million in Federal Reserve float and $ 4 6 million in gold stock, and an increase of $ 2 9 5 million in currency in circulation. Total Reserve Bank credit increased $ 5 5 9 million. As of Wednesday, July 3 , holdings of U. S. Government securities bought outright were $84-1 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $ 24 5 million higher, and member bank borrow ings were $4-7 million lower. Outright holdings of bills, certificates, notes, and bonds increased $685 million, $21 million, $58 million, and $77 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 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) Averages of daily figures Week ended Change from week ended Wednesday, July 3, July 4, June 26, July 3, 1962 1963 1963 1963 (In millions of dollars) 32,078 171 39 5 + 2 +2,371 32,289 394 6 40 4 6 + 3 24 329 -- + 95 1,651 -203 +559 - 46 + 5 + 209 33 + 153 + 2,676 - 702 13 + 1,961 357514 15,733 5,588 56,135 +295 - 12 - 29 - 12 + 18 + 2 +253 +1,711 35,864 1 393 884 167 +256 -116 + 270 +I4o + 94 + 46 + - 72 118 34,273 15,733 5,587 55,593 35,574 390 863 173 235 1,101 38,337 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) +648 + 18 17,257 2,937 20,194 19,769 425 +518 565 1,522 + 330 - 157 55 + 402 + 2,231 192 1,098 38,598 224 46 ' 17,538 2,954 20,492 19,769 723 On July 3, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,975 million, a decrease of $82 million for the week and an increase of $ 1,685 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS ruly 3, 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 14,159 1,298 157557 Change since July 4, June 26, 1962 1963 + + + 7 8 15 + - 826 128 698 17 452 8 28 * 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 (246) 565 57 + 4o 4 + + 2 4 + - 395 32,683 + 685 + 21 + 58 + 77 + «4l + 245 + 1,086 + 249 +8,746 -7,496 + 596 +2,095 + 254 +2,349 33,292 + 1,045 +2,78I 5,6c 8 102 399 55,196 +.. + 16 + 1,228 567 4 - 315 +2,315 30,730 + 488 + 1,801 17,538 884 + + 874 170 + - + 59 8 3,555 14,464 9,781 4,489 32,289 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 167 192 18,781 4,o86 77 53j7>75 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 18 - 338 481 934 107 55,196 170 -- 15 19 670 + 351 395 139 102 198 + 1,209 + 624 + 15 +2,242 -+ 19 +17228 + 23 + 46 + 3 +2,314 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2.4io - .6$ lowing pages--not consolidated) 31-1$ Contingent liability on acceptances purchased + 2 + 1 84 for foreign correspondents -o jux ------- ---see comparable figures on combined basis on following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 3, ,3-9^3 (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 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 http://fraser.stlouisfed.org/ ** Less than ij>500,000. Federal Reserve Bank of St. Louis 560 14 30 1,306 -- - --565 5,549 15,227 8,346 2,074 *54 327583 5 ** 181 + 556 + 128 + 283 + 6l + 42 + l6 + 1,086 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 3, 1963 H.4.1(b) Total Boston Phila delphia New York Cleve land Rich mond Atlanta Chicago Kansas City San Fran cisco St. Louis Minne apolis 540 319 616 53— 593 347 50.. 666 40 626 9 23 8 11 10 13 12 4l 9 18 20 92 _— «».. __ .... 462 l, 880 Dallas A S S E T S Gold certificate account Redemption fund for F. R* notes Total gold certificate reserves 14,159 1j XMn 15,457 710 3,504 7fP__ c --- 03 I± t— 5l-1J 3,818 785 756 1,086 906 106 761 ..76 830 1,200 1,012 837 224 2,666 16 20 64 18 66 37 7k Ilk F. R. notes of other Banks Other cash 246, 338 12 22 59 62 18 16 10 31 24 24 30 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 565 23 126 9 73 62 30 4o 4 -- 4o 4 -- 3,555 l4, 464 9,78l A «489 -r j 32,289 184 747 505 232 896 192 783 530 1,668 3,644 2,465 l, 131 '8,136 2,442 243 1,748 294 1,195 808 371 2,668 234 952 643 295 2,124 195 794 537 247 1,773 594 2,4i4 l, 633 749 5,390 .. l4l 575 388 178 1,282 28 586 149 145 282 190 87 607 591 4oo 184 628 i,354 69 4io 188 X' L 3 2,077 1,272 ,584 394 l ____ qJLq2-I± po 68^ 1 .668 8 .530 1.748 2.668 2.124 1,773.. ,.5,-390- l, 282 628 1.354... 1,320 4,198, Total U. S. Government securities 33,292 1,691 8,700 2,741 2,186 1,803 5,456 1,319 637 1,372 4,290 1,757 1,340 Total loans and securities 435 3 22 542 7 497 5 24 515 14 i,<h9 3m 322 Ol 1,326 8 102 754 472 3 23 63 56,613 3,006 14,075 3,081 4, 564 3,764 3,246 9,341 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 6,779 102 AWW 23 6 15 _ 2,269 4 0 1,232 354 7 17— 2, 437 12 19 10 2, 344 7,254 5L- H.It-.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH JOLY 3>
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