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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release March 28, 1963 H.4.1 The average of daily figures of total member bank reserves held during the week ended March 27 increased $79 million to $19,586 million- Estimated cur rency and coin of member banks increased $37 million and their reserve balances at the Federal Reserve Banks increased $42 million. Estimated required reserves decreased $19 million; and estimated excess reserves increased $98 million to $478 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $237 million, compared with the revised figure of $323 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $89 million in U. S. Government securities bought outright and $116 million held ■under repurchase agreement and $184 million in member bank borrowings, and a decrease of $96 million in currency in circulation. The principal offsetting changes were a decrease of $274 million in Federal Reserve float and an increase of $169 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $ll4 million. As of Wednesday, March 27 , holdings of U. S. Government securities bought outright were $4l million lower than a week earlier, U. S. Government securities held under repurchase agreement were $124 million higher, and member bank borrowings were $65 million higher. 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 Mar. 27, Mar. 20, Mar. 28, 1062 1963 ___ 1963 (In millions of dollars) 30,519 116 51 24l 30 1,598 32,555 + 89 +116 - 1 + 1 ;,868 + 88 48 30,513 124 49 +184 + 194 30 1,223 32,133 -- -274 +Ii4 155 35 + 350 + 2 ;^35 - 788 15,878 5,576 54,009 - 1 +113 11 +1 ;,635 5,578 53,589 34,415 451 i,oi4 - 96 + 3 + 1 ;,464 18 34,440 440 +169 + 6 + 533 11 851 - - 17 + 5 + 71 - 144 15,878 186 174 1,078 37,319 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reseives held Required reserves (estimated) Excess reserves (estimated) Wednesday, Mar. 27, __ 1963 16,690 2,896 19,586 19,ic8 478 __ + + + + 42 37 184 189 50 + 4-1;,910 1,075 37,179 - 276 16,410 + 2l4 3,174 19,584 79 - 19 _ 98 + 62 81 19 19,202 382 On March 27, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,34l million, an increase of $53 million for the week and an increase of $1,572 million from the comparable date a year ago. H.4.1(a) C O N S O LID A TED S TA TEM EN T OF C O N D IT IO N OF T H E TW ELVE FED ER A L RESERVE BANKS (in millions of dollars) Mar. 27, 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves l4, 338 Change since Mar. 28, Mar. 20, 1962 1963 + 21 1,268 15,606 + 21 394 224 + 65 -- - 858 + 128 - 730 -X- Cash Discounts and advances Acceptances--hought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities (465) Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,101) 5 b9 l 2,252 13,580 10, k io 4l ---41 + 20 11 8 b, 271 30,513 124 307637 + + 12 b 83 - 578 +8,608 -6,477 + 233 +1,786 + 72 +1,858 30,910 + 1L7 +1,855 626 Ip,902 -1,644 + 103 1 + 20 -1 ,b 62 5 + 30 +1,756 385 (1,566) 52,300 (L65 ) 29,424 - 50 +1,478 16,4l0 851 + 95 45 13 189 2 - 129 + - 3,679 69 -l,303 + 2 -T7556 + 321 -+1,684 1 + 25 + 46 + 1 +TT756 184 17,63b (l,101) (1,566) 50,806 C A P I T A L A C C O U N T S 478 Capital paid in'" — Surplus 934 82 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,566) 52,300" + -+ 17 -1,462 376 389 33 95 115 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2 .6# + .1$ 32.8 io lowing pages--not consolidated) Contingent liability on acceptances purchased -for foreign correspondents 17 83 consolidating process; in the * Figures in parentheses are the eliminations made see comparable figures on combined Basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 27, 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 Changes Discounts and during week Holdings Acceptances advances 520 - 9 Within 15 days 13 191 +96 l6 days to 90 days 4,603 36 33 - 4 12, 328 - -91 days to 1 year -10,838 -Over 1 year to 5 years — -Over 5 years to 10 years 2,183 — -- Over 10 years 165 Digitized for Total FRASER +83 30,637 225 59 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 27, I963 H.4.1(b) San To ta l P h ila d e lp h ia New Y o rk B o s to n C le v e la n d (in R ic h m ond m illio n s A t l a n t a 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 585 3°3 632 522 331 51 683 39 561 l,?43 136 2,079 13 33 13 43 56 14 F ra n c is c o o f d o lla r s ) A S S E T S 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 re s e rv e s 14,338 1,268 15,606 830 736 72 1,113 113 902 3,646 304 3,950 808 1,226 956 99 1,055 103 31 34 24 32 68 64 4l 24 5 3 — 72 F . R . n o te s o f o t h e r Banks O th e r cash 465 394 31 D is c o u n ts and advances A c c e p ta n c e s : B ought 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 t r ig h t -B ills C e rt if ic a te s 224 6 l6 49 -- 49 2,252 113 124 13,580 10,410 4,271 681 521 554 3,340 2,560 1,050 575 30,513 1,529 124 —- 7,504 124 1,529 7,628 30,910 1,535 6,003 103 385 426 3 19 53,866 2,944 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 To ta l U. S. G o v e rn m e n t s e c u r i t i e s T o t a l lo a n s and s e c u r i t i e s C a s h it e m s i n p r o c e s s o f 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 T O T A L A S S E TS 28 2l4 750 236 1,685 2,361 228 28 2,589 52 637 13 19 28 36 37 67 9 12 8 4 136 6 2 19 5 -~ — —• “ "" 188 151 126 380 2,292 47 283 96 581 218 89 446 93 558 428 1,133 868 910 n7* 785 759 697 582 286 239 1 ,706" 1,757 720 92 554 425 175 1,246" 176 183 1 ,3 C6" 1,255 288 1,739 1,333 547 3,907 **" 356 2,545 2,044 -- -- -- -- 1,685 2,545 2,044 1,706 5,149 1,246 637 1,306 1,255 3,907 7,693 1,690 2,548 2,052 1,710 5,285 1,252 639 1,325 1,260 3,921 1,170 362 502 262 6 291 12 727 97 7 33 911 23 170 3 463 14 22 4io 5 24 17 49 13,085 2,950 4,381 3,602 3,098 2,187 6,886 8 - 22 5,149 62 8,974 637 — ~— 15 8 309 7 17 2,204 1,189 2,366 4 — 11 H.4.1(c) s t a t e m e n t .,o f c o e d h i g h o f e a c h -f e d e r a l r e s e r v e b a n k o h m a r c h Total Boston Hew York Phila delphia 27 , 1963 Cleve Rich Atlanta Chicago land mond St. Louis Minne apolis Kansas Dallas City 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 29,889 1,770 7,152 1,802 2,609 16,4l0 653 **-,377 115 691 1/49 127 4,668 11 1 763 1,161 58 17 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4,780 844 297 851 184 67 9 * 729 189 17,634 i 370 4 .. 69 : 52,372 2,873 2,417 1,695 5,413 1,255 567 1,189 882 3,138 686 69 9 2 ... 3 1,238 767 855 64 10 2 931 2,441 1 2, 576 628 58 6 1 693 390 50 4 1 445 802 6l 8 1 872 909 58 10 2 979 2,817 83 25 48 2,973 392 342 386 761 202 l4l 238 239 568 18 _____3 .... 5. 12,682 4,244 2,865 4 3,530 2 .. 3 _____ 3 2,302 2,103 1,155 8 3,016 60 4 108 26 12 ..... .3 8,762 2,153 6,687 CAPITAL ACCOUNTS -Capital paid in Surplus Other capital accounts "-TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 11 22 1 20 4o 4 8,974 2,204 1,189 2,366 2,187 6,886 12 3 2 3 5 11 44 23 44 6 ...... 5 27 87 51 4 .. 13,085 2,950 4,381 3,602 3,098 2/22 5 8 4 4 129 251 ... 23. 83 4 16 67 132 32 13 ... ..3 27 54 4 478 i 23 44 934 ; • 82 ! 4 .1 1 1 53,866 2,944 64 27 124 53 4 ____ 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 31,246 1,832 7,283 443 26 25 .360 1,434 32, 669 1,877 - - 7,467 1,874 2,783 2,536 1,772 5,563 1,316 654 1,230 939 3,260 1,600 465 3 580 650 4oo 1,400 310 130 800 - - — 290 18 1.000 1,308 215 - - - - 6,000 7,600 1,500 1,968 2,250 2,830 1,976 2,626 1/ After deducting $135 million partlcipati.ons of ( other Federal Reserve Banks, 2/ After deducting $ 6l million participatj.ons of <other Federal Reserve Banks. 1,450 1,850 - - 5 — 4,500 1,100 550 5,900 l, 415 680 — 800 1,015 — 2.80C 3,600 * Less than $500,000.
@FedFRASER