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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 29, 1962 The average of daily figures of total member bank reserves held during the ■week ended March 28 decreased a net of $23 million to $19,642 million. Estimated currency and coin of member banks increased $59 million and their reserve balances at the Federal Reserve Banks decreased $82 million. ^ Estimated required reserves decreased $20 million; and estimated excess reserves decreased $3 million to $483 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $397 million, compared with the revised figure of $353 million the week before. The principal changes reducing average reserve balances xrith Federal Reserve Banks were decreases of $198 million in Federal Reserve float, $47 million in member bank borrowings, $44 million in U. S. Government securities held under repurchase agreement, and $43 million in gold stock, and an increase of $94 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $236 million in U. S. Government securities bought outright and a decrease of $97 million in currency in circulation. Total Reserve Bank credit decreased $55 million. As of Wednesday, March 28, holdings of U. S. Government securities bought outright were $169 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $196 million lower, and member bank borrowings were $208 million lower. Outright holdings of bills, notes, and bonds increased $120 million, $19 million, and $30 million, respectively. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Mar. 29, M a r . 21, Mar. 28, 1962 1961 1962 Wednesday, Mar. 28, 1962 (][n millions of dollars) 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) 28,651 +236 28 43 - 44 86 - 47 -- 1 65 1,248 -198 30,121 16,666 - 55 - 43 5,587 52,374 - 97 32,951 433 481 197 318 1 . - 97 - 13 + 21 - 22 94 +1,927 + 28 5 + 8 + 56 + 244 + 2,258 - 723 + 179 +1,714 + 1,176 + 7 16 21 - 52 4 1,028 1 35,^09 - 15 + 1,091 16,966 2,676 - 82 + 59 - 23 + + + + - 19,642 19,159 483 - 20 3 624 225 849 28,727 52 4l 170 65 918 29,973 16,610 5,588 52,171 32,957 437 462 217 284 1,028 35,365"" 16,786 2,965 19,751 966 19,181 117 570 On March 28, 1962, TJ. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,769 million, a decrease of $6l million for the week and a decrease of $143 million from the comparable date a year ago. H.4.l(ft) CONSOLIDATED STATEMENT OF COWDITIOW OF THE TWELVE FEDERAL RESERVE RANKS (in millions of dollars) Change since Mar. 21, Mar. 29, 1961 1962 Mar. 28, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 15,196 1,i4o 157335 Cash Discounts and advances Acceptances--"bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities (4?2) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - 95 4 99 + - 12 45 + 121 4 4l4 235 4l - 2,830 + 120 28,727 52 28,779 + + + - 19 30 169 29,055 - 208 1 16,887 4, 038 (1,067) 4, 276 (1,539) (472) 27 236 +2, 208 355 50,544 371 1 + 143 +1,933 27,946 - 70 + 951 16,786 + + + - 703 97 20 + + 794 27 51 - 975 -- 217 284 17,749 (1,539) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS(l, 539) 196 -1, 259 1 + 19 -1,588 108 462 (1,067) 848 105 743 + 503 - 426 + 586 +1,376 + 2,039 + 52 + 2,091 4,972 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS - 3,358 69 49,122 26 560 -1,805 — — + 17 -l,588 453 888 81 50,544 + 81 635 + 208 + 39 +1,833 + + 30 71 1 +1,933 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined(com puted from figures as shown on the fol lowing pages--not consolidated) 35*4$ - 2 .9$ + -.3i Contingent liability on acceptances purchased for foreign correspondents 74 100 3 * 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, MARCH 28, 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 Within 15 days days to 90 days days to 1 year Over 1 year to 5 years Over 5 years to 10 years Digitized FRASER Overfor10 years http://fraser.stlouisfed.org/ Total 16 91 Federal Reserve Bank of St. Louis 168 37 30 Acceptances 12 29 - - - - -235 - - 51 U. S. Government securities Changes during week Holdings -6o4 355“ +453 3,731 + 85 11,807 10,394 + 39 — 2,227 266 28,779 — - 27 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 20/ 1962 H.4.l(h) Total Boston New York Phila delphia Cleve land Rich mond St. Louis Minne apolis Kansas City Dallas San Fran cisco 208 573 49 331 26 651 49 595 37 1,970 105 2,723 622 357 700 632 2,075 19 15 13 38 15 42 10 2 38 4 12 6l 123 115 202 686 164 1,167 -- 345 605 2,056 492 3,498 -- 1,167 3,498 3,510 Atlanta Chicago (In millions of dol]Lars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 15A96 i,i4o 826 69 1,232 102 1,081 4,184 895 1,334 1,172 18 27 133 75 33 24 33 35 11 31 5 8 742 16,336 68 810 F. R. notes of other Banks Other cash 472 4i4 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 235 4l 2,830 4,972 16,887 4,038 28,727 52 — 3,916 268 —*“ 4l 700 164 265 1,230 287 899 4,176 999 7,105 52 975 233 1,659 150 215 1,529 •» — . - 240 422 1,432 342 2,436 91 18 764 68 832 2,515 76 30 33 79 14 24 18 5 95 6 *•— - - 179 315 1,069 255 1,818 -- *»— 156 273 929 222 1,580 -- 22 mm mm 483 850 2,885 690 4,908 «... "" 114 200 682 163 1,159 -- 106 362 87 616 -- 217 736 176 1,252 -- Total U. S. Government securities 28,779 1,529 7,157 1,659 2,436 1,818 1,580 4,908 1,159 6l6 Total loans and securities 29,055 1,540 7,229 1,664 2,444 1,836 1,585 5,003 1,165 6l8 1,290 1,171 5,343 1,039 9 89 337 3 21 437 8 31 372 5 22 417 14 224 7 13 279 6 257 13 20 845 24 57 160 355 375 3 19 52,083 2,792 12,758 2,977 4,322 3,449 2,974 8,764 2,067 1,176 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 108 60 5 7 16 2,319 601 11 16 kk 2,142 6,343 STATEMENT OP CONDITION OF EACH FEDERAL RESERVE RANK ON MARCH 36 , 1962 E.4.1(c) Total New York Boston Phila delphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco 1,225 581 1,170 827 2,884 403 816 976 30 2,624 55 27 38 2,744 (In millions of dol]Lars) L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reselves U.S. Treasurer-general account Foreign Other Total deposits Cleve land 28,4l8 1,668 6,577 1,824 2,545 2,288 1,612 5,217 16,786 4,601 738 43 1,231 731 42 9 4 878 2,548 48 10 1 17,749 663 30 9 1 703 28 2 4,425 350 4 2,725 462 217 284 ____ 6SL 50,661 ,7° i/73 233 4,977 22 35 11 1 19 793 1,273 786 924 2,626 803 275 367 305 358 707 - 17 12, 374 5 _ 3 4,190 3,382 4 2,896 2,898 12 8,562 4 1 577 24 7 * £oq~ 22 41 5 * 430 8 2 11 1 86 T~ 1,0l8 181 131 219 213 516 3 2,017 2 1,144 3 2,259 3 2,061 9 6,153 64 16 124 31 14 ..... 3 10 20 2 19 37 4 26 61 50 5 120 .9 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondent s 21 81 42 4 123 243 18 52.088 2.23Z 12.758 100 5 453 888 _ £A>8 26 51 4 JL 3 U 6 42 83 7 21 40 6 Jb.222 4 9 24 47 ..5 2,974 8,764 2,067 1,176 5 14 3 2 4 2,Jl§... 2,142 6 14 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1/ After deducting 2/ After deducting B94~ 3,026 215 1,000 29,653 1,723 6,872 1,882 2,698 2,379 1,^99 5,338 1,284 655 1,203 8,035 40 23,205 430 1,600 770 755 425 1,500 160 310 1,365 5.600 530 1 1,500 2,050 510 35 950 755 31,280 1,795 7,200 2,031 2,820 670 1,295 970 - - 1,665 1,400 4,100 340 4 1,010 2,420 1,825 5,600 1,354 - - - - $ l44million participations of other Federal Reserve Banks. $ 7 2 million particiaptions of other Federal Reserve Banks. ... * Less than 000. « ... - - 2,300 3,300
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