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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 21, 1962 The average of daily figures of total member bank reserves held during the week ended June 20 increased $384 million to $20,011 million. Estimated cur rency and coin of member banks increased $69 million and their reserve balances at the Federal Reserve Banks increased $315 million. Estimated required reserves increased $296 million; and estimated excess reserves increased $88 million to $470 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $346 million, compared with the revised figure of $335 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $475 million in Federal Reserve float, $77 million in U. S. Government securities held under repurchase agreement, and $77 million in member bank borrowings, and a decrease of $60 million in "other" F.R. accounts (net). The principal offsetting changes were a decrease of $316 million in U. S. Government securities bought outright and an increase of $63 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $308 million. As of Wednesday, June 20, holdings of U. S. Government securities bought outright were $231 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $177 million higher, and member bank bor rowings were $321 million higher. Outright holdings of bills, certificates, notes, end bonds decreased $l6l million, $49 million, $l4 million, and $7 million, respectively. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended June 21, June 20, June 13, 1962 1962 Wednesday June 20, 1962 1961 (]Cn millions of dollars) 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 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) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 29,356 77 32 124 56 -316 77 + -+ 77 - 4 1,779 31,423 16,434 5,604 537561 +475 33,654 400 509 274 337 996 367170 + + - 17,291 +315 + 69 +354 2,720 20,011 19,541 470 +368 - 1 + 2 +310 9 2 6 63 2 60 5 +296 88 + +2 , 5 H + - 74 + + + 82 6 54 223 +2 ,937 -1 ,053 + 171 +2 ,055 +1 ,407 10 + 29,397 177 30 434 53 1,637 31,728 16,435 5,6o 4 53,767 33,615 4o4 28 572 81 330 327 954 + - 104 25 +1 ,585 36,202 4* 471 + 244 + 715 + 791 76 17,564 2,984 20,548 19,631 917 On June 20, 1962, U. S. Government s e c u r itie s held in custody by the Fed e r a l Reserve Banks f o r fo re ig n account were $5,880 m illio n , an in cre a se o f $159 m illio n f o r the week and an in cre a se of $245 m illio n from the comparable date a year ag o . , ~ H.4.1(a) C G iioO LID AiLD STATl-£-lEj! 1‘jL1 OF CONDITION OF THE TWELVE FEDERAL RESERV E BANKS (in millions of dollars) C hange s i n c e June 20, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves lb ,991 1,172 16,163 June 13, 1962 + 12 9 3 June 21, 1961 -1,182 + 125 -1,057 * (31b) 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 CAPITAL 2,830 (1,211) 18 3 4o6 7 315 *" + - 161 49 3,831 29,397 177 297575 + - l4 7 231 177 54 + 304 - 932 +2,583 + 597 +2, 552 + 157 + 2,709 30,091 + 261 + 3,108 17,168 6,570 107 +1,174 -+ 64 717515 + (374) 28,517 - 46 +1,260 17,564 572 330 327 18,793 + + + 491 114 + 709 +1,004 + 9 + 154 + 34 +1,201 4,933 74 (1,585) 52,317 + 838 427 (1,585) 53,731 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 + + 5,568 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 373 487 30 (1,211) 105 1 2 +1,499 925 4 + 189 +3,158 + 578 + 22 +3,061 ACCOUNTS 456 Capital paid in 888 Surplus 70 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,585) 53,731 «. - -+ 15 +17515 + + 33 71 7 +3,156 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shorn on the fol - 4.2# - .% lowing pages--not consolidated) 33.9# Contingent liability on acceptances purchased 1 for foreign correspondents 47 109 * 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 20, 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 l6 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/ Federal* Reserve L e s s Bank t h aof n St.$ Louis 5 0 0 ,0 0 0 . hkj bO * - - Acceptances 6 2b - - - — 5H7 30 U. S« Government securities Changes during week Holdings +257 883 -194 4,829 -ll8 11,440 + 8l 9,989 28 2,219 214 - 52 3-55 29,575 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 20, 1962 H.4.1(h) Total Boston New York Phila delphia Minne apolis Kansas City Danas 638 San Fran cisco 880 98 978 852 65 917 2,581 204 603 49 307 27 651 49 815 1,224 102 1,326 2,785 652 335— 700 36 574“ 374 373 16 127 76 20 31 20 21 47 31 24 64 11 23 21 19 10 15 11 15 13 4o 56 487 4 117 16 50 11 12 148 15 2 25 5 82 16,163 F. R. notes of other Banks Other cash Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 3,831 29,397 177 198 1,524 -- 701 1,378 4,250 949 7/278“ 177 Total U. S. Government securities 29,574 1,524 Total leans and securities 30,091 7,781 107 St. Louis 859 71 930 745 70 TOTAL ASSETS Atlanta Chicago 3,695 279 3,974 14,991 1,172 Cash items in process of collection Bank premises Other assets Rich mond (In millions3 of dol].ars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleve land 30 150 296 912 474 113 222 187 367 1,132 — 1,938“ -- 203 l,56l 1 , 9 2 9 --- 7,455 1,671 2,490 1,938 1,561 4,929 1,528 7,602 1,687 2,540 1,949 1,573 5,077 554 3 22 1,731 9 450 3 24 6l4 8 37 562 5 24 540 14 24 3,134 4,576 3,559 3,146 147 5,568 17,168 289 890 55,316 “— 240 471 1,454 325 2,490 -- 2,830 427 —— -- 30 n o 2,961 13,629 -- 161 316 976 218 1,871 252 —— — -- -- 18 934 2,879 642 18 685 61 121 372 83 124 245 754 1,956 122 2,078 — —•* 114 358 704 225 694 2,170 637" 169 1,292 —- 155 1,18s•- 3,716 -- 1,173 637 1,292 1,188 3,716 1,188 639 1,317 1,193 3,798 1,215 24 66 310 204 4 367 7 872 18 362 13 21 9,255 2,201 2,435 2,291 6,910 153 1,173 — 6 16 — 10 1,219 484 11 55 E.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 20, 1962 Total Boston Neu York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of dolJLars) 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 Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES 1,828 2,552 759 46 1,309 45 18,793 25 13 1 729 4,813 92 1/127 274 5,306 6, l44 444 74 53,902 456 28,891 17,564 572 330 ^27 1,717 6,679 690 2,326 1,655 5,260 1,232 587 1,195 846 3,014 744 38 12 3 797 893 49 15 1 958 2,718 21 39 2 403 21 6 l 431 842 990 43 2,800 4o 2,780 603 38 10 1 652 12 2 896 1,050 114 38 38 2,990 1,002 265 166 282 312 707 16 26 1 822 2 1,382 1,242 399 5C6 366 453 4 2,894 19 13,246 4 6 4,446 4 3,493 3,070 21 42 124 243 26 21 4 16 4 42 83 5 55.316 2.961 13,629 3,134 4.576 109 5 2/30 6 10 3,053 ... 4 13_. 9,055 3 2,152 _____ 2_._____ 31,186 2,376 16 31 2 11 19 20 37 _____ 2 _____ 3_ 16 l 3 _____ 2_ 6,720 2,211 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign eorre spondent s 888 70 51 4o 5 25 47 4 .3,-552-_3,.146 5 6 64 124 12 -9*255- 2.201 26 50 1*233. __2jt35_ .2,.291 61 120 Q &S1Q- 15 4 2 5 6 15 3,148 F E D E R A L RESERVE A G E N T S ’ ACCOUNTS R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 30,083 1,757 6,988 1,884 2,707 2,409 1,727 5,367 1,287 669 1, 228 912 450 1,600 720 650 -- 1, 400 160 -- 215 -- 1,800 1,010 310 23 4,100 34o 13 2,100 450 — 1.300 530 050 755 2.400 2, 820 2, 450 1,750 5,500 1,363 690 1,283 970 3,300 7,725 49 23,410 1.365 5 ,6 co 530 13 1,500 31,184 1,815 7,200 2,043 - - - - — Z] After deducting $203 million participations of other Federal Reserve Banks. 2/ After deducting $ 79 million participations of other Federal Reserve Banks. — 900 —
@FedFRASER