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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H 4.1 For immediate re le a se June 7, 1962 The average of d a ily fig u re s o f t o t a l member bank re se rv e s held during the week ended June 6 decreased a n et of $43 m illio n to $19 ,763 m illio n . Estim ated currency and coin o f member banks decreased $191 m illio n and t h e i r re se rv e balances a t the F e d e ra l Reserve Banks in creased $l48 m illio n . Estim ated req u ired reserv es in creased $69 m illio n ; and estim ated excess re se rv e s decreased $112 m illio n to $491 m illio n . Excess re se rv e s exceeded member bank borrowings a t the F e d e ra l Reserve Banks by $436 m illio n , compared with the re v ise d fig u re of $517 m illio n the week b e fo re . The p r in c ip a l changes supplying average re se rv e balances with F e d e ra l Reserve Banks were an in cre a se of $277 m illio n in U. S. Government s e c u r itie s bought o u trig h t and decreases, of $50 m illio n in T reasury d ep osits with F e d e ra l Reserve Banks and $53 m illio n in "o th e r" F . R. accounts ( n e t ) . The p r in c ip a l O ffse ttin g changes were a decrease of $31 m illio n in member bank borrowings and an in cre a se of $200 m illio n in currency in c ir c u l a t i o n . T o ta l Reserve Bank c r e d i t in creased $263 million. As of Wednesday, June 6, holdings of U. S. Government securities bought outright were $379 million higher than a week earlier and member bank borrowings were $62 million lower. Outright holdings of bills, certificates, notes, and bonds increased $198 million, $54 million, $8l million, and $46 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 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 6, May 30, June 7, 1962 1962 1961 (In millions of dollars) / ' 1M s~\ A3 f lltn w /•/> > "Pv i/ m w /v Wednesday, June 6, 1962 29,837 — 32 +277 — - 1 +2,796 29,949 5 31 55 - 31 - 3 + 20 +263 -+ 3 +555 7 46 62 1,211 31,198 16,434 5,597 53,229 33,531 4l6 474 209 367 1,077 36,07^ 17,155 +200 - 2 - 50 + l + 23 - 53 +118 +l48 2,608 -191 19,763 19,272 - 43 + 69 491 -112 20 + 58 + 201 +3,023 - 976 + 168 + 2,215 60 1,175 31,261 16,435 5,600 53,296 +1,333 9 + 1 + 11 + 128 + 6 + 1,470 33,615 412 + 745 + 214 + 959 +1,039 80 17,198 2,767 19,965 19,289 450 202 344 1,074 36^97 On June 6 , 1962, U- S . Government s e c u r itie s held in custody by the F ed eral Reserve Banks f o r fo reig n account were $5,731 m illio n , a decrease of $3 m illio n f o r the week and an in cre a se o f $63 m illio n from the comparable: date, a year ago. 676 H.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDSU A L RESERVE B A M S (In million! of dollars) J3«agB-gteSg-----June 7, 1961... .>■— May 30, June 6, _ 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 U.' S. Government securities: Bought outright-* Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities (330) 15 335 106 - 23 67 + -- 6 3,312 5,617 17,182 +198 + 54 + 81 3,838 29,W -29,959 + 46 +379 -+379 + 483 - 900 +2,583 + 6o4 +2,770 -+2,770 30,086 +312 +2,805 (878) 5, 703 + (1,208) 51,t w +4l6 — + 72 +792 + +2,585 (330) 28,500 +121 +1,175 17,198 +6ll + + + + 106 355 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 -118 - 12 - 82 450 202 355 187195 +399 (878) 3,528 76 +256 + 2 (1,208) 50,298 +778 C A P I T A L A C C O U N T S Capital paid in 455 888 Surplus 106 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,208) 51,757 — -+ 14 +792 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 36 4l 31 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS + -1,062 + 109 - 953 +13 + 2 15, 018 1,155 16,173 649 2 122 839 30 25 98 952 + 353 + 27 +2,486 + + 32 71 4 + 2,585 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol -. 2°jo 3b.kio - 3-7# lowing pages--not consolidated) Contingent liability on acceptances purchased U8 -112 , 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 6, 1962 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. Within 15 days i6 days to 90 days 91 days to 1 year Over 1 year to 5 years Discounts and advances 45 6l Over 5 i'ears to 10 years Over 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Acceptances 10 21 — — -- — i*- -106 ^ -31 r S . G o v e rn m e n t Holdings 542 5,355 11,631 9,908 2,247 266 29,959 s e c u r itie s Changes during week +145 - 17 +164 + 87 -— +379 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON JUNE 6, 1962 H.4.1(b) To ta l B o s to n New Y o rk P h ila d e lp h ia C le v e la n d (In R ic h m ond m illio n s A t la n ta C h ic a g o S t. L o u is M in n e a p o lis Kansas C it y D a lla s San F ra n c is c o 302 674 49 723 634 36 1,921 118 9 13 9 13 13 29 53 2 9 5 10 o f d o l]L a rs ) A S S E T S 15,018 802 1,155 16,173 71 873 F . R . n o te s o f o th e r Banks O th e r cash 330 33^ 22 D is c o u n ts and a d va n c e s A c c e p ta n c e s : Bought 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 tr 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 u n d e r r e p u r c h a s e a g re e m e n t 106 7 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 r e s e rv e s 14 31 842 71 913 1,201 112 21 59 17 24 4 3,767 271 _ M38 31 188 1,391 4,254 950 7,^15 -- 319 977 17,182 .3,838 29,9^9 199 1,553 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 29,949 JL,553 7,^15 T o t a l lo a n s a n d s e c u r i t i e s 30,086 1,560 442 3 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 TO TA L A S S ETS -- 804 20 28 13 b5 6 7 1,302 „ 820 172 291 891 3,312 5,617 964 91 1,055 3,01 18 „ 280 476 219 2,559 205 2,764 548 49 597 31 23 58 9 17 9 21 2 66 870 ..27 ._ 329 18 .. „ .. .. „ 176 555 942 132 224 2,881 686 122 72 670 2,039 .. 370 1,133 .. 253. 1,975 -- 204 1,590 -- 644 __ 153 5,022 1,195 -- 372 83 649 -- 1,702 2,536 .. Ij-975 1,590 5,022 1,195 649 1,316 1,210 -„1 >,.?86_ 7,470 1,706 2,542 1,982 1,599 5,043 1,197 651 1,325 1,215 3,796 1,072 9 336 3 449 445 14 19 909 24 ... 53 252 6 171 4 269 6 226 6l4 3,023 8,874 218 1,702 -- 1,^55 ..3.25 2,536 ... 13^ 419 710 2,172 1^5 247 755 169 1,316 -- 298 912 227 694 155 1,210 485 3,786 -- of 5,581 106 3^5 18 52,955 2,932 88 12,848 21 30 396 5 19 3,017 ^,379 3,488 8 13 13 8 . 15. 16 2,091 1,190 2,360 2,166 11 45 6,587 H.4.l(e) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 6, 1962 Total Boston New York Phila delphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Rich mond Atlanta Chicago St. Louis San Fran cisco Minne apolis Kansas City Dallas 587 1,195 837 3,007 507 853 34 9 1,014 32 2,727 1 11 1 27 4o 897 1,058 2,856 203 187 519 4 _____ 3 2,085 2,299 10 6,392 26 61 120 (in million*5 of dol]Lars) 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 28,830 1,713 6,676 1,826 2, 544 2,326 1,642 5,247 1,230 17,198 lt-50 758 29 4,586 780 1,276 745 892 33 37 19 2,577 69 583 25 7 202 10 58 344 * 18,194 797 i/5j> 294 4,992 4,5o6 350 769 5 76 51750T 27855 19 I 27556' 12 1 826“ 278 26 25 20 1 9 3 11 1 1,333 783 929 2,675 6l5 5 * 432 362 306 371 733 192 136 5 5 3,419“ 2,946 12 8,667 3 2,05l 2 64 125 16 5 7 2,934 “ 5; 255 28 1 1 1,157 62 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND 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 455 888 106 21 124 243 42 ___ 5.. .... 25 .52*255- 2^232_ 112 ____ i _ 26 51 6 21 42 83 4o 8 12.848 -SxSlT- .4,322- 8 6 _____ L _ FEDERAL RESERVE AGENTS’ ACCOUNTS 2/31 6 10 ___________ 19 . 3.588 -3*0221-. 8.875 31 7 11 20 19 37 P ___ - 1* 120 - 2*360- 16 5 _____ 2_ _____ 5 - 50 _____ 5 .1.5... p;ifi6 -6*387- 6 .. 15.. 29,971 1,753 6,954 1,895 2,694 2,4o4 1,703 5,360 1,280 673 1,227 899 3,129 7,700 7 23.390 550 1,600 530 1 720 650 425 1,400 900 — — 1, .365 5,600 1,500 2,100 1,780 1,300 4,100 •310 .6 950 215 - - 340 * 1,010 160 - - 755 2,400 31,097 1,815 7,200 2,031 2,820 2,430 1,725 5,500 1,350 1,266 970 3,300 — - - - - 1/ After deducting $i58 million participations of other Federal Reserve Banks. $ 8 l million participations of other Federal Reserve Banks. 2/ After deducting 24 47 _____ 6. - - - - 530 690 * Less than $500,000.
@FedFRASER