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FEDERAL **♦♦»** h RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 27, 1963 .4.1 The average of daily figures of total member bank reserves held during the week ended June 26 increased $229 million to $20,025 million. Estimated currency and coin of member banks increased $4l million and their reserve balances at the Federal Reserve Banks increased $188 million. Estimated required reserves increased $279 million; and estimated excess reserves decreased $50 million to $448 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $2l4 million, compared with the revised figure of $2l4 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $186 million in U. S. Government securities bought outright and $80 million held under repurchase agreement, and a decrease of $52 million in currency in circulation. The principal offsetting changes were a decrease of $50 million in member bank borrowings and an increase of $111 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $2l6 million. As of Wednesday, June 26, holdings of U. 3. Government securities bought outright were $108 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $97 million lower, and member bank borrowings were $l42 million lower. Outright holdings of bills, notes, and bonds increased $64 million, $24 million, and $20 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) Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday. June 27, June 26, June 19, June 26, 1962 1963 1963 1963 . (in millions of dollars) 31,430 153 4l 2 +186 + 80 +2,197 + 66 31,448 149 + + 11 38 -- — — 2 1 612 1,854 33,714 15,779 5,582 55,075 + +198 + 66 48 + 186 + 2,478 - 654 18 +1,806 35,279 402 892 185 217 1,099 387074 - 52 - 2 +111 - IT - 20 - 12 + 10 +1,695 + 6 + 342 - 158 49 + 213 +2,049 35,357 402 1,054 182 211 1,103 17,001 +188 16,664 3,024 + + - 243 + 4l 206 3,343 20,007 19,631 376 234 - 50 - - - - 20,025 19,577 448 1 +216 - 19 - - +229 +279 - 50 37 8 45 -i,4il 33,658 15,733 5,582 547973 38,309 On June 26, 1963, U. S. Government securities held in custody by the Fed eral Reserve Banks for foreign account were $8,057 million, an increase of $3 mil lion for the week and an increase of $ 1,751 million from the comparable date a year ago. H.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in m illio n s o f d o lla r s ) 'June 26, Change since June 27, June 19, 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 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 + 16 219 356 612 + - 2 5 2,870 + ll,ll3 9,723 31?+® 1I 9 31,597 + + + + 32,2^7 - h,kl2 ll 11 + 236 +8,865 -7,167 + 579 + 2,213 + l +2 ,2ll 138 +2,127 61 -2! 20 108 97 362 + 383 53,968 30,212 + 12 + 1,706 16,661 + + - 633 181 15 31 168 102 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 8 + -1,171 -+ 38 -1,635 5,^38 Cash items in process of collection Bank premises Other assets TOTAL ASSETS i,05l 182 211 18,111 C.APIT A L A C C O U N T S Capital paid in Surplus Other capital accounts 8 1I2 75 3 38 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 838 122 716 + - (3^0 Total logins and securities 72 + - 11,152 1,290 15,^12 5 - 309 +1,7^3 + - 527 I 76 160 22 233 1,027 85 1 527165 -1,198 + 1 -1,650 + 193 + 5 +1,671 181 93I 88 1 53,968 -+ 15 -1,635 + 21 + 16 + 2 +1,713 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2 .5i + .1# 31*7# lowing pages--not consolidated) Contingent liability on acceptances purchased 19 83 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 26, 1963 (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 Within 15 days l6 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 yea] Over 10 years Total http://fraser.stlouisfed.org/ ** Less than $500,000. Federal Reserve Bank of St. Louis D is c o u n ts a nd advances 5o5 6 Changes A c c e p ta n c e s 13 25 ** - - H o ld in g s 750 5,121 ll,9ll 8,285 d u r i n g week -137 + 65 + 11 2,032 — — 312 — 38 165 31,597 + 11 STATEMENT OF CONDITION OF EACH FEDERAL' 'RESERVE' BANK ON TfUNE '26, 1963 H.4.1(b) Total Boston Neu York Phila delphia Cleve land Rich Atlanta Chicago mond (in millions of dollLars) St. Louis Minne apolis Kansas City Dallas San Fran cisco 567 339 524 39 2 ,02rf 139 563 2,166 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves l4, 152 1.200 _ 15/442 782 73 855 3,478 . 314 _ 3,792 717 704 791 921 1 071 106 ll4 __ 1:185 1,027 736 76 812 2,4l6 2?4 2,640 F. R. notes of other Banks Other cash 3l,k 18 356 22 85 63 Discounts and advances Acceptances: Bought outright U. S. Government securities Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 612 4 14,443 9,723 4.4i2 31,448 149 l, 602 -- 7,926 149 Total U . 3. Government securities 31,597 1,602 8,075 1,729 2,596 2,090 1,704 Total loans and securities 32,247 1,606 8,395 1,740 2,620 2,137 6,6l4 472 1,200 3 19 438 3 98 538 7 32 495 5 25 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 38 2,870 102 383 55,488 146 736 495 22s 2,995 28 S3 28 620 367 574 50 624 23 25 32 33 27 66 13 17 19 32 18 ?4 8 15 12 15 13 45 47 282 11 24 47 17 135 6 6 30 2 48 38 „ 117 588 373 1,878 395 179 1,279 -- 1,265 574 4,090 -- 723 3,64o 2, 451 1.112 8 13,64l 158 794 534 243 1,729 21 3,038 __ 237 1,192 803 364 2, 596 4,433 191 960 646 293 2, 090 -— 3,737 __ ll4 574 387 175 56 280 1,250 610 5,256 1,250 610 1.316 1,279 4.C90 1,721 5,391 1,256 616 1,346 1,281 4,138 523 14 l, 049 23 300 6 195 4 356 7 309 739 12 18 10 2,211 7,194 155 783 527 .239 1,704 21 3,156 480 2,4l4 1,625 737 5,256 61 9,257 15 2,228 188 86 -«. 8 1,222 120 6o4 407 185 1,316 16 2, 376 49_ H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 26, 1963 Total Boston New York Phila delphia Cleveland Rich mond Atlanta Chicago St. Louis Minne Kansas apolis 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 bank reserves U*S. Treasurer-general account Foreign Other Total deposits 30,586 1,827 7,343 1,822 2,637 2,456 1,748 5,497 1,264 568 1,210 911 3,303 16,664 1,054 182 211 4,628 712 1,139 53 615 46 6 391 1 1 874 70 10 1 1,209 823 2 2,684 2 669 764 66 7 1 787 832 45 10 1 888 2,530 1/53 152 5,021 700 112 8 3 18,111 660 55 9 1 725 459 955 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 5,203 388 851 339 443 380 432 849 24l 158 838 260 2,819 165 24 45 3,053 256 626 85 53,985 4 2,924 22 6 5 3,664 5 3,073 l4 3 9,044 ' 2,177 2 13,237 5 2,953 1,187 3 2,311 4 2,126 12 6,994 481 934 88 23 129 27 44 21 4o 4 28 53 4 64 124 12 188 64 10 1 16 4,295 127 25 63 4 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign corre spondents 16 51 5 68 132 13 32 3 11 22 2 3,737 3,156 9,257 2,228 1,222 2,376 2,211 7,194 4 4 12 3 2 3 5 11 44 87 4 251 24 27 54 4 7 23 44 6 55,488 2,995 13,641 3,038 4,433 83 4 2/22 5 8 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U- S. Government securities Total collateral 31,923 1,885 7,243 46 25,650 453 __ 1,464 32,939 1,917 7,624 1,892 2,803 2,579 1,819 5,645 1,327 655 1,251 977 3 ,4 6 6 1,600 465 580 605 4eo 800 -- — -- 285 29 215 1,500 -2,300 310 6 130 11 550 1,000 800 2,880 1,450 1,850 1,100 1,976 1,986 2,591 l,4oo -4,500 5,900 l,4i6 680 1,314 1,015 6,200 7,800 _l/ After deducting $129 million participations of other Federal Reserve Ranks. 2/ After deducting $ 6l million participations of other Federal Reserve Banks. "" 2,800 3,600
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