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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks F o r im m e d ia te r e l e a s e H.4.1 J u n e 28, 1962 The average of daily figures of total member bank reserves held during the week ended June 27 increased a net of $4 million to $20,043 million. Estimated currency and coin of member banks increased $51 million and their reserve balances at the Federal Reserve Banks decreased $47 million. Estimated required reserves increased $1 million; and estimated excess reserves increased $3 million to $474 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $306 million, compared with the revised figure of $347 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $123 million in U. S . Government securities bought outright and $111 million in Federal Reserve float, and increases of $4l million^ in Treasury deposits with Federal Reserve Banks and $69 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $44 million in member bank borrowings, and decreases of $70 million in currency in circulation, $71 million in "other" deposits with Federal Reserve Banks, and $110 million in "other" F . R . accounts (net). Total Reserve Bank credit decreased $187 million. As of Wednesday, June 27, holdings of U. S. Government securities bought outright were $l62 million lover than a week earlier, U. S. Government securities held under repurchase agreement were $29 million lower, and member bank borrowings were $75 million lover. Outright holdings of bills decreased $196 million; cer tificates, notes, and bonds increased $10 million, $22 million, and $2 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 June 20, 1 June 28, June 27, 1962 1 1961 1962 (In millions of dollars) 29,233 87 30 2 168 +2,4l6 + 84 29,235 l48 + + 7 2 30 14 + 87 + 45 + 289 +2,917 -1,100 + l66 +1,984 359 34 1,242 31,062 16,435 33,629 4ll 578 342 233 -145 +1,382 8 74 + 122 + 7 - 137 + 1,292 - 47 + 51 + 4 + 1 + 3 + 691 + 232 + 923 + 1,076 - 153 17,191 3,095 2 2 + 44 - 8 -111 31,236 -187 16,433 - 53,269 -192 33,584 396 550 343 - 70 - 4 + 4l + 69 - 71 -no 266 886 36,025 17,244 2,799 207553 19,569 474 1962 -123 + 10 48 l, 668 5,600 Wednesday. June 27, 1 4 5,600 53,097 712 35,905 20,286 19,596 On June 27, 1962, U . S . Government securities held in custody by the Federal Reserve Banks for foreign account were $ 6,306 million, an increase of $426 million for the week and an increase of $504 million from the comparable http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis 690 CONSOLIDATED STATEMEM1 OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) H 4.1(a) 'une 27, 1962 ASSETS 1,168 16,158 (1,048) - 1 94 30 14 + 14 2,634 5, 578 17,190 3,833 29,235 148 29,383 + + + - 196 10 22 2 162 29 191 + 179 - 922 +2,605 + 599 +2,461 + 148 +2,609 29,820 5,076 - 271 +2,925 307 + 5 l4 ... + 52,225 28,536 + 19 +1,226 17,191 + + - 373 6 12 94 45^ 71 + 142 85 +1,072 -1,099 + 6 -1,523 + 486 + 27 +2,811 692 578 342 233 (**) 18,344 3,834 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 3 + -1,494 — + 265 -1,506 107 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 -1,208 + 125 -1,083 372 393 (383) Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1 4 5 14,990 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held Tinder repurchase agreement U. S- Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Change since June 28, June 20, 1961 1962 80 50,795 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 457 888 86 52,225 + 1 - - + 16 -1,506 635 4 + 44o +2,910 + 1, + + 086 33 71 5 + 2,910 Ratio of gold certificate reselves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 4.20 lowing pages— not consolidated) 34.2# + .3* Contingent liability on acceptances purchased for foreign correspondents 102 54 7 * Figures in parentheses are the eliminations made in the consolidating process; _____see comparable figures on combined basis on following pages.________________ _ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 27, 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 356 37 ** 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 Federal Reserve Bank of St.$500,000. Louis Acceptances 21 23 — — — --- -— 393 m U. S. Government securities Changes during week Holdings -400 483 5,108 +279 - 88 11,352 + 18 10,007 — 2,219 — 214 -191 29,383 H. 4. 1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 27, 1962 Total Boston New York Phila delphia Cleve land Rich mond St. Louis Atlanta Chicago Minne apolis Kansas City Dallas San Fran cisco (in millions of dol]_ars) A S S E T S 577 49 288 27 598 48 868 2,647 203 2,850 626 315 646 19 21 51 31 24 66 12 18 21 10 17 11 59 8 75 9 6 29 794 70 864 3,7H 278 845 70 1,239 102 970 97 803 1,168 16,158 3,989 915 1,341 1,067 F. R. notes of other Banks Other cash 383 372 17 23 123 71 21 19 20 31 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 393 12 115 15 46 30 14 •»«■» -- 30 14 2,634 5,578 17,190 3,833 29,235 148 891 199 1,516 -- 4,256 949 7,238 148 Total U. S. Government securities 29,383 1,516 Total loans and securities 29,820 6,124 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash items in process of collection Bank premises Other assets TOTAL ASSETS 14,990 65 -* -- -_ 105 -- 442 935 2,882 643 4,902 -- 1,552 1,987. 1,560 -— -- —— -- -- 223 472 174 368 l4o 217 1,661 1,456 325 2,476 913 203 1,552 -- -- 1,133 253 1,928 -- 7,386 l,66l 2,476 1,928 1,528 7,545 1,676 2,522 107 692 499 3 34 1,246 9 182 374 3 4o 482 8 63 426 5 37 53,656 2,968 13,165 3,048 4,467 3,562 136 290 652 l,38l — 150 317 977 -„ -- -- -- 116 1,907 122 16 14 42 57 4 15 2,029 — -- 106 225 1,284 -- 695 155 l,l8l -- 333 705 2,173 485 3,69^“ -- 634 1,284 1,181 3,696 1,176 64o 1,313 1,185 3,7H 270 165 300 267 6 4 25 16 7 30 13 35 739 11 91 2,133 1,171 2,324 2,178 6,680 -- 57 121 373 83 634 -- 4,902 1,167 4,977 433 14 37 923 24 102 2,994 8,966 296 6ll 37 648 223 . 686 153 1,167 245 755 168 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 27, 1962 Total Boston New York Philadelphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Balias San Fran cisco (In millions of dol].ars) 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 28,919 1,730 17,191 578 342 233 18,344 678 739 4,882 80 52,225 2,900 k6 6,698 1,826 2,549 2,341 1,653 5,260 1,231 584 1,191 845 3,011 4,878 36 l/ll4 772 27 1,295 32 29 726 869 17 17 2,573 86 593 27 379 87 14 787 35 13 963 42 2,678 121 1 2 5,215 18 1 818 1,357 829 427 844 319 422 4 21 12,778 15 * 187 1 44 904 1 2,704 320 356 786 4 2,967 5 ...r-.7.. ^ 335 3,495 4 124 243 20 26 42 21 4o 83 . .7. ...... .6 53,656 2,968 13,165 3,048 4,467 3,562 2,994 8,966 2/28 6 10 5 5 2,917 22 11 18 631 7 l 409 1 836 * 1,023 42 38 2,879 218 142 234 225 589 3 .... 3 .. 2, 264 1,138 2,097 * .. 13. . 3 2,083 8,763 4 9 6,488 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 457 888 86 102 22 42 4 5 51 4 25 47 ____ 5 . 64 124 16 15 .3 11 20 P 19 37 4 26 61 50 r 120 2,133 1,171 2,324 2,178 6,680 l4 3 2 4 6 14 31 . 11 Total collateral 1,771 6,996 1,886 2,704 2, 428 1,719 5,374 1,284 668 1,222 914 3,149 470 7,745 49 23,4io 1,365 31,204 1,835 1,600 720 650 450 1, 400 340 8 160 900 2, ICO 1.800 1.300 4.100 1.010 310 28 050 215 5.600 530 13 1.500 755 7, 200 2,043 2,820 2,450 1,750 5,500 l, 358 1, 288 970 3,300 30,115 - - — - - • - l/ After deducting $228 million participations of other Federal Reserve Banks. 74 million participations of other Federal Reserve Banks. 2/ After deducting $ ..530. 690 «. — * Less than $500,000 P F. R. notes outstanding Collateral for F* R« notes: Gold certificate account Eligible paper U. S. Government securities Ip* FEDERAL RESERVE AGENTS’ ACCOUNTS
@FedFRASER