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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks g , M a r For immediate release h l4, 1963 c The average of daily figures of total member bank reserves held during the week ended March 13 decreased $95 million to $19*424 million. Estimated currency and coin of member banks decreased $5 million and their reserve balances at the Federal Reserve Banks decreased $90 million. Estimated required reserves decreased $l46 million; and estimated excess reserves increased $51 million to $448 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $311 million, compared with the revised figure of $255 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $138 million in Federal Reserve float and an increase of $175 million in currency in circulation. The principal offsetting changes were an increase of $99 million in Federal Reserve holdings of U» S. Government securities and decreases of $73 million in Treasury deposits with Federal Reserve Banks, $32 million in "other" deposits with Federal Reserve Banks, and $ 2 1 million in "other" F . R . accounts (net). Total Reserve Bank credit de creased $42 million. Ac of Wednesday, liarch 13, holdings of U. S. Government securities bought outright were $65 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $53 million lower, and member bank borrowings were $118 million lower. Outright holdings of bills decreased $5 million; notes and bonds increased $30 million and $40 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) Averages of daily figures Week ended Change from week ended Wednesday, Mar. 13* I Mar. 14, Mar. 6, Mar. 13, 1963— 1 1962 . 1963 1963 (In millions of dollars) 30,528 123 56 +126 - 27 + 1 137 31 1>527 32,402 15*877 5*576 53*855 - 5 + 1 -138 - 42 - 1 + 3 - 40 34,454 450 783 191 +175 - 1 - 73 + 3 - 32 - 21 + 51 181 i,n4 37*173 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) 16,682 2,742 19,424 18,976 448 - 90 - 5 - 95 -146 + 51 +2, 065 84 + 11 30,533 31 52 + 64 35 1*518 32,233 15*878 5*577 53*688 84 34 •f 275 +2,,485 - 847 l4 ^25 +1,,388 9 322 - 33 53 + 61 +1 : m m . 69 + 145 + + - 34,513 453 737 184 184 1*067 37*138 76 16,550 3*096 I9*fc46 106 19*090 30 556 On March 13, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,206 million, an increase of $73 million for the week and an increase of $1,503 million from the comparable Digitized fordate FRASER a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE.BANKS (in millions of dollars) Change dince Mar* 14, Mar. 6, 1963 .19&L..,- Mar. 13, -1963___ A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 14,327 1,264 15,591 - 5 + 1 - '4 + - 964 117 847 399 99 52 - 7 -113 - 2 + 27 29 9 - 5 — + 30 - 53 + 12 - 192 +8,608 -6,540 + 208 +2,o84 + 3 +2,087 -103 +2,067 +386 + + 20 +292 5 + 32 +1,529 (473) 29,501 +109 +1,4o8 16,550 737 184 184 17,655 + 56 -120 + + 125 3,975 69 +303 + 2 +335 + 11 4 + + + 22 (473) 2,430 13,580 10,319 4,204 30,533 31 307564: Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS +“65 30,715 (965) 5,493 104 356 (1,438) 52,65§ L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES + 4o (965) (1,438) - 14 - 76 51,200 C A P I T A L A C C O U N T S Capital paid in 475 934 Surplus Other capital accounts 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,438) 52,658 1 — - 45 +292 309 247 31 31 60 46 -+1,529 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2.9$ lowing pages--not consolidated) 32.7$ Contingent liability on acceptances purchased 20 for foreign correspondents 84 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following p a g e s . ____________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 13. 1963 (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 Total 67 32 -- «... 99 Acceptances U. S. Government securities Changes during Holdings -- 568 4,564 12,4o4 10,726 —- 2,137 l6 36 -- +10 -93 +25 +39 +23 __ 165 +8 52 30,564 +12 _ STATEMENT OF CONDITION OF EACH'FEDERAL RESERVE RANK ON MARCH- 13, 1963 - H.4.1(b) Total Boston New York Phila delphia 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 Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleve land Rich mond 1^,327 1,264 15,591 806 72 3,952 296 EW~ ■4,248"“ 759 74 833“ 1,017 110 1,127 959 102 1,061 2,266 704 229 74 77S~ 2,^95 567 52 519 298 28 326 6l8 51 669 539 39 578 1,842 137 1,9(9 473 399 33 30 112 66 4l 26 28 35 22 33 70 33 40 66 11 19 28 10 13 12 32 12 43 57 24 5 6 8 6 22 1 14 2 5 5 1 99 311 1,739 52 2,430 13,580 10,319 4,204 30,533 31 — 52 — — - - - - 122 681 517 211 1,531 597 3,340 2,538 1,034 7,509 31 202 1,133 86l 232 351 1,686"" 2 , W 2,045 136 759 577 235 1,707 134 750 570 163 910 691 281 - - - - - — 51 283 215 88 4lo 100 2,292 554 1,741 709 5,152 421 172 1,247 —— 180 100 558 424 173 63T ~ 1,307 255 538 3,910 104 581 442 1,322 30,564 1,531 7,540 1,686 2,547 2,o 45 1,707 5,152 1,247 637 1,307 1,255 3,910 Total U. S. Government securities 7,616 1,691 2,553 2,053 1,713 5,174 1,248 638 1,257 3,915 30,715 1,536 1,321 Total loans and securities 6,458 104 356 +J s w 429 3 17 1,273 8 89 380 3 20 522 474 508 1,028 7 31 J 14 ok CrnTT 281 12 761 11 23 56 193 4 8 328 7 21 281 6 l4 54,096 2,926 13,412 2,994 4,303 3,671 3,137 8,883 2,198 1,207 Cash items in process of collection Bank premises Other assets TOTAL ASSETS tr 15 16 2,365 2,188 46 6,812 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 13V 1963 H.4.T(c) 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 mond A t la n ta nl i l l i o n s C h ic a g o S t. L o u is M in n e a p o lis Kansas D a lla s C it y San F ra n c is c o o f d o lla r s ) L I A B I L I T I E S F e d e r a l R e s e rv e n o te s D e p o s it s : M em ber b a n k r e s e r v e s U .S ..T r e a s u r e r -g e n e r a l acco unt F o r e ig n O th e r T o t a l d e p o s its r e f e r r e d a v a i l a b i l i t y c a s h it e m s O th e r l i a b i l i t i e s and a ccru e d d iv id e n d s TO TA L L IA B IL IT IE S 29,97^ 1,771 7,150 1,807 2,611 2,439 1,707 5,421 1,262 569 1,199 88 6 3,152 16,550 737 184 184 680 713 1,099 57 15 l 748 47 8 4 866 50 9 1 391 51 4 * 807 47 6 * 45 7 2 907 68 9 1 2,682 89 22 44 735 l , 172 807 926 2,372 55 23 1 2,451 608 17,655 4,677 122 1/63 128 4,990 661 446 861 985 2,837 4,940 3V 7 862 317 380 351 419 793 222 157 240 232 620 69 4 17 13;019 3 2,911 6 4 3,601 4 ^,169 3,056 12 8,677 3 2,148 l 1,173 3 2,303 3 2,106 9 6,618 128 44 87 26 67 16 52,638 2,857 t A P l T A L ACCO UN TS ‘' C a p i t a l p a i d i n S u r p lu s O th e r c a p i t a l a c c o u n ts T O T A L L I A B I L I T I E S AND C A P IT A L ACCO UN TS C o n t i n g e n t l i a b i l i t y on a c c e p t ances p u rc h a s e d f o r f o r e ig n c o rre s p o n d e n ts 46 8 1 60 10 1 784 1 23 44 '2 251 l4 27 54 2 54,096 2,926 13,412 2,994 4,303 4 2/22 5 8 475 ! 934 49 84 23 44 .... 3..... 11 20 22 40 32 . 2 _____ 1- .... 2 . 51 4 132 3,671 3,137 8,883 2,198 1.207 2.365 4 5 12 3 2 .3 7 27 63 124 53 2 _ ___J L 2,188 ... 6,812 5 11 F E D E R A L RESERVE A G E N T S ’ ACCOUI'ITS F . R . n o te s o u ts ta n d in g C o lla t e r a l f o r F . R . n o te s : G o ld c e r t i f i c a t e a c c o u n t E lig ib le paper U . S . G o v e rn m e n t s e c u r i t i e s T o ta l c o lla te ra l l/ A f t e r d e d u c tin g $121 m i l l i o n Digitized 2 / for A FRASER f t e r d e d u c tin g $ 62 m i l l i o n 31,324 1,827 7A51 1,87^ 2,786 2,560 1,777 5,584 1,319 659 1,237 9E5 3,305 443 7,373 -16 25,330 1,4o4 1,600 670 650 4oo 1,400 310 130 215 800 -- — — 6,000 465 3 1,500 2,250 800 2,800 32,719 1,847 7,600 1,968 2,920 1,015 3,6co 1,976 1,450 4,500 1,100 550 290 13 1,000 2,626 1,850 5,900 .l,4io 680 1,303 p a r tic ip a tio n s o f o t h e r F e d e r a l R e s e rve B a n k s . p a r tic ip a tio n s o f o t h e r F e d e r a l R e s e rv e B a n k s . — * * Less th a n — $ 5 0 0 ,0 0 0 --
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