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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For Immediate release June l4, 1962 H.4.1 The a v e ra g e w eek e n d e d J u n e 13 c u rre n c y and c o in at of d a ily d ecreased fig u re s a net of o f m em ber b a n k s th e F e d e r a l R e se rv e o f t o t a l m em ber b a n k $178 m illio n in c re a s e d $19*633 $1 m illio n $179 B anks d e c re a s e d to m illio n . re se rv e s h e ld m illio n . and t h e i r E s tim a te d d u rin g th e E s tim a te d reserv e b a la n c e s re q u ire d reserv es d e cre a se d $ 6 8 m illio n ; and e s tim a te d e x c e s s re s e r v e s d e c re a s e d $ 1 1 0 m illio n to $4l2 m i l l i o n . E x c e s s r e s e r v e s e x c e e d e d m e m b e r b a n k b o r r o w i n g s a t t h e F e d e r a l R e se rv e B anks b y m i l l i o n , c o m p a r e d w i t h t h e r e v i s e d f i g u r e o f $467 m i l l i o n t h e w eek b e f o r e . $365 The p r i n c i p a l R e se rv e B ank s w ere a ch an ges d e cre a se re d u c in g av erag e reserv e b a la n c e s b ou gh t o u tr ig h t, and in c r e a s e s m illio n in T re a s u ry d e p o s its w ith F e d e r a l R e s e rv e B a n k s . s e ttin g of $29 d ecrease R e se rv e ch anges w ere an in c re a s e $28 m illio n in of B ank c r e d i t "o th e r" d e cre a se d $83 A s o f W ed n esd ay, Ju n e $93 m illio n d e p o s its flo a t B an k s. an d a T o ta l m illio n . 13, $67 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 Discounts and advances— Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding h o ld in g s of U. S. G o v ern m en t s e c u r i t i e s a w eek e a r l i e r a n d m em ber b an k Averages of daily figures Week ended Change from week ended June 13, June 6, June 14, 1962 1962 1961 (In millions of dollars) 29,672 -165 + 2,726 -- -32 --- 47 - 8 - 2 + 93 - 83 + 1 + 5 +“78 24 + 56 + 186 + 2,938 -1,014 + 169 + 2,091 +132 +1,364 60 1.304 31,115 16,435 5,602 53,151 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) The p r i n c i p a l o f f in F e d e r a l R e se rv e w ith F e d e r a l R e s e rv e b o u g h t o u t r i g h t w ere $ 3 2 1 m i l l i o n lo w e r th a n b o rro w in g s w ere m illio n h ig h e r. 33,663 402 503 211 339 1,056 36,175 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) w ith F e d e r a l $165 m i l l i o n i n U . S . G o v e r n m e n t s e c u r i t i e s o f $132 m i l l i o n i n c u r r e n c y i n c i r c u l a t i o n a n d of 16,976 2,657 19,633 19,221 4l2 - 14 + 29 + 2 - 28 - 21 +101 -179 + 1 -178 68 *110 - 6 8 23 8 97 + + + + 13 + 1,498 + 594 + 195 + 789 + 1,006 - 217 Wednesday June 13, 1962 29,628 -30 113 59 1,301 31,131 16,435 5,603 53,169 33,672 4o8 458 225 328 1,005 36,09b 17,073 3 ,oo8 20,c8l 19,355 726 On June 13, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,721 million, a decrease of $10 million for the week and an increase of $l44 million from the comparable date a year ago. H.4.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (la millions of dollars) June 13, ___ 12& — . A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances — hought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities JL W 16,166 (3^1) + + - 355 172 30 21 66 1 -1,123 + 115 -1,008 + 23 109 7 29,628 -321 + 455 - 883 +2,597 + 6o4 + 2,783 "*— +2,783 29, 830 -256 +2,885 5,396 107 363 (1,43*0 52,217 +693 + l + 18 + 28,563 + 63 +1,233 . + 73+ - 107 + 23 + 87 + 737 -321 --— -321 —— 2,991 5,617 17,182 3,838 29,625 (1,093) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 15 + 8 - 7 15,003 .1*163 Total leans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Chaage_MnfiS--- — June 14, June 6, 1962... _ ■196-1___ (341) +470 17,073 -125 225 + 8 + 23 - 16 -110 458 (13) (13 ) 328 18,684 (1,080) 4,095 76 (1,434) 50,818 +567 — +520 C A P I T A L A C C O U N T S 456 Capital paid in 888 Surplus Other capital accounts 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS( 1, 434) 52,217 + 1 — - 51 +470 272 4 + 124 +2,246 + 158 + 22 + 2/156 + + 33 71 8 +2 , 246 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the fol— - 3*7^ 34.4$ lowing pages— not consolidated) Contingent liability on acceptances purchased 47 - 2 110 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, JUNE 13, 1962 (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 http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis 125 1+7 — - — Acceptances 8 22 -— — - - 172 30 U. S. Government securities Changes during week Holdings /V ft + 84 626 -332 5,023 - 73 11,558 9,908 - 2,247 266 29,628 -321 H A . 1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 13, 1962 To ta l B o s to n N ew Y o rk P h ila d e lp h ia C le v e la n d (in R ic h m ond A t l a n t a C h ic a g o St. L o u is m illio n s Kansas C it y M in n e a p o lis D a lla s San F ra n c is c o o f d o l]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 # 15,003 1,163 TEisr — 773 71 5$T 3,919 270 4,189 820 70 896 1,162 100 1 ,262” F . R . n o te s o f o th e r Banks O th e r cash 34l 355 12 22 119 71 20 18 19 30 D is c o u n ts an d a d van ce s A c c e p ta n c e s : B ought o u tr ig h t U. S . G o v e rn m e n t s e c u r i t i e s : Bought o u t r 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 t in d e r r e p u r c h a s e a g re e m e n t 172 10 35 9 11 30 2,991 5,617 17,182 3,838 29,628 „ -- 30 891 199 1,536 -- 741 1,391 4,254 950 7,336 -- 155 291 -- 170 319 “- 914 99 1,013 801 16 19 46 31 24 62 9 6 31 —“ 198 159 501 204 942 2,881 644 1,573 4,968 1,684 -- 370 1,133 253 1,954 218 w r —““ 253 476 1,455 325 2,509 -- . 977 66 2,523 204 2,727 298 912 ~- 1,962 123 328 27 355 649 48 697 595 36 9 17 17 10 14 10 12 12 33 53 10 2 18 7 24 119 224 686 153 1,182 “— 65 131 247 755 121 378 122 372 83 642 227 710 2,172 557 49 5o5~ 631 mm mm -— 169 1,302 694 155 1,197 485 3,745 mm mm T 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 29,628 1,536 7,336 1,684 2,509 1,954 1,573 4 ,968 1,182 642 1,302 1,197 3,745 T o t a l lo a n s a n d s e c u r i t i e s 29,830 1,546 7,401 1,693 2,520 1,963 1,579 4,999 1,192 644 1,320 1,204 3,769 6,489 107 1,249 9 92 380 183 6 14 4 9 308 7 15 271 3 21 523 8 32 298 363 493 3 18 13 17 723 11 47 53,651 2,938 13,130 3,025 4,394 2,142 1,222 2,371 2,160 6,721 C a s h it e m s i n p r o c e s s c o lle c tio n B a n k p r e m is e s O th e r a s s e ts TOTAL ASSETS of 491 5 21 3,528 1,073 497 24 14 20 ____ 57 3,054 8,966 H .4. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 13, 1962 Total L I A B I L I T I E S 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 dollLars) ^ Federal Reserve notes Deposits: Member bank reserves U.S. Treasurer-general account Foreign Other Total deposits Cleve land 28,904 1,716 6,680 1,830 2,553 2,328 1,652 5,256 1,234 589 1,197 843 3,026 17,073 458 225 341 18,097 714 2b 10 3 751 4,723 92 1/67 1,217 2,521 66 30 l 588 615 36 9 2 875 948 38 12 1 999 2,780 2,618 412 27 5 1 445 828 1,265 713 33 10 3 759 878 26 286 5,168 751 25 13 1 790 5,175 1*01 884 321 44o 371 406 882 242 154 237 235 76 52,252 k 19 12,751 b 2,945 7 4,265 5 3,463 4 2,979 12 2,872 8,768 3 2,094 2 1,190 42 83 4 21 4o 4 25 47 3 64 124 10 16 31 1 11 20 1 19 37 3 8,966 2,142 1,222 Jk3Xl 27 21 * 12 1 917 19 7 1 3 ____3 _ 2,312 45 29 4i 2,895 602 10 2,080 6,533 26 61 CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1/ After deducting http://fraser.stlouisfed.org/ 2/ After deducting Federal Reserve Bank of St. Louis 1*56 888 55 26 3 124 243 12 2,938 13,130 110 5 2/30 6 10 30,039 1,759 6,953 1,893 2,700 2,415 1,710 5,366 1,284 671 1,229 7,725 29 23.4l0 450 1,600 720 -2.100 450 1,4oo 160 310 5.600 530 6 1.500 650 -1,365 31,164 1,815 7, 200 2,036 2,820 21 k2 51 3 3,025 , *Ll324 _JL528 _ i ^ 4 _ 6 ____ ii_ _____ 5_ FEDERAL RESERVE AGENTS' ACCOUNTS 1.300 4 .100 340 8 1,,010 2,450 1,750 5,500 1,358 $158 million participations of other Federal Reserve Banks. $ 80 million participations of other Federal Reserve Banks. m m -- 120 50 4 _____ 2_ 2,160 . A m . . 6 15 900 3,159 215 -75.5— 900 -2,400- 970 3,300 4 _____ a_ _____ 5_ H 00 O O Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - - 5^0 690 15 ...950 1,275 * Less than $500,000
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