The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release 1963 March 7, The average of daily figures of total member bank reserves held during the week ended March 6 increased a net of $49 million to $19,526 million* Esti mated currency and coin of member banks decreased $lf3 million and their reserve balances at the Federal Reserve Banks increased $222 million. Estimated^required reserves increased $71 million; and estimated excess reserves decreased 5p22 million to $445 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $303 million, compared with the revised figure of $336 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $147 million in Federal Reserve holdings of U. S. Government securities and $69 million in Federal Reserve float, and de creases of $101 million in "other" deposits with Federal Reserve Banks and $42^ million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $35 million in gold stock and increases of $55 million in Treasury deposits with Federal Reserve Banks and $51 million in currency in circulation. Total Reserve Bank credit increased $225 million. As of bought outright securities held bank borrowings Wednesday, March 6, holdings of U. S. Government securities were $107 million higher than a week earlier, U. S. Government under repurchase agreement were $53 million lower, and member were $88 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) 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 Mar. 7, Feb. 27, Mar. 6, 1962 ____1263___ 1968 (][n millions of dollars) +106 +1,983 + 136 - 4 + 9 l42 + 13 + 30 1,665 32,444 -- - 52 36 30,402 150 55 + 4l Wednesday, Mar. 6, 1963 30,468 84 54 182 + 69 +225 - 35 + 3 +19^ + 326 +27^70 - 894 l4 +1,562 30 ! 1,435 ! 32,253 ! 15,878 ! 5,574 | 53,705 213 1,135 37,122 + 51 - 3 + 55 - 42 -101 + 10 - 30 +1 ,371 + 11 455 26 70 35 +1 % 1 34,381 ; 462 ! 857 j 184 i 198 1 1,129 | 37,211 16,772 2,754 19,526 19,081 445 +222 -173 +T9 + 71 - 22 + + + - 15,878 5.573 53,895 34,279 451 856 188 7 r f - 215 257 42 43 1 16,494 2,863 19,357 19,049 308 Cn M a rc h 6 , 1963, U . S . G o v e rn m e n t s e c u r i t i e s h e l d i n c u s t o d y b y t h e F e d e r a l R e s e r v e B a n k s f o r f o r e i g n a c c o u n t w e re $7,133 m i l l i o n , a n i n c r e a s e o f $18 m i l l i o n f o r t h e w eek a n d a n i n c r e a s e o f $1,633 m i l l i o n f r o m t h e c o m p a ra b le d a te a y e a r a g o . H.4.l(a) CONSOLIDATED STATE IEI7T OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) C hdnge s i n c e Mar. 6, 1963 A S S E T S Gold certificate""account Redemption fund for F. R. notes Total gold certificate reserves *" ' — — — — — — 14,332 1,263 15,595 (530) + - 2 88 3 988 + - 669 + 200 10 119 49 30,468 84 30,552 +107 - 53 + 54 - 465 +8,608 -6,553 + 318 + 1,908 + 84 +1,992 30,818 +139 + 1,802 5,107 104 336 (1,497) 52,366 -287 - 1 + 25 -126 437575 (530) 29,392 +143 +1,351 16,494 857 184 - 2 + 98 - 38 - 73 - 15 + - 603 - 208 -268 + 257 +107 2,435 13,580 10,289 - - - 4,164 — (967) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits TO TA L L IA B IL IT IE S 4o6 212 54 Total loans and securities Deferred availability cash items Other liabilities and accrued dividends — Mar. 7, 19.62 # Cash Discounts and advances Ac ceptance s--hought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Feb. 27, 1963 198 17,733 (967) 3,672 ___ 67 (1,497) 50,864 - 3 ^143 c a p i t a l A C C O U N T S Capital paid in 474 Surplus 934Other capital accounts 9+ TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,497) 52,366 - - + 17 ^126 + 546 5 50 + 447 45 7 — +1,400 + 22 + 46 + 7 +1,475 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2.' .19$ lowing pages— not consolidated) 32.75$ Contingent liability on acceptances purchased for foreign correspondents 84 -31 * 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 6 , 1963 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. Discounts and advances 181 31 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 Acceptances 16 38 -„ -212 --55 S . G o v e rn m e n t s e c u r i t i e s Holdings 558 4,657 12,379 10,687 2,114 157 30,552 Changes during week +12 +42 *■■* —•■■TP +54 STATEMENT H.4.1(h) Total of cond i t i o n of e a c h f e d e r a l r e s e r v e b a r k oh m a r c h Boston Hew York Phila delphia 6, 1963 Cleve Rich Atlanta Chicago mond land millions of dollars ) Tin San Fran cisco St. Louis Minneapolis Kansas City Dallas 560 588 562 51 639~ 601 1,899 137 2,036 A S S E T S 14,332 1,263 753 72 3,834 15,595 825 4,131 827 F. R. notes- of other Banks Other cash 530 4o6 39 31 117 47 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 212 9 2,435 13,580 10,289 122 4,164 30,m 84 209 1,528 Total U. S. Government securities Total loans and securities 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 297 753 74 1,083 25 33 7 65 28 36 38 66 3 18 54 -- -- 135 750 568 230 1 ,683" 203 1,133 -- 599 3,340 2,530 1,024 7,493 84 30,552 1,528 30,818 54 — 984 99 1,051 110 l,lol — 722 2,322 229 2,551 612 304 28 332 34 46 65 12 20 32 11 14 12 31 12 51 57 7 38 8 2 35 7 12 — -- -- — -- 51 283 215 87 104 581 44l 100 312 558 178 171 1,739 1,318 533 3,902 75 797 80 -- 52 39 — 858 163 910 689 -- 347 2,541 -- 279 2,041 — 7,577 1,683 2,541 2,04l 1,703 5,i4l 1,244 636 1,304 1,252 3,902 1,537 7,697 1,686 2,559 2,048 1,710 5,179 1,252 638 1,339 1,259 3,914 6,074 104 336 428 3 363 3 20 473 7 29 442 5 20 455 14 19 1,005 252 6 268 7 12 13 183 4 6 308 16 1,192 8 85 16 16 705 11 43 53,863 2,879 13,295 2,974 4,303 3,656 3,109 8,923 2,167 1,206 2,335 2,199 6,817 681 516 136 759 575 233 1,703 4l0 100 2,292 554 1,736 703 5,141 —— 420 1,244 **— 636 1,304 24 53 170 423 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 6, 1963 H.4.1(c) Total Boston New York Phila delphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Rich mond Atlanta Chicago St. Louis Minne Kansas apolis City Dallas San Fran cisco 3,139 (in nlillions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank re selves TF.S. Treasurer-general account Foreign Other Total deposits Cleve land 29,922 1,767 7,142 1,805 2,605 2,440 1,707 5,410 1,259 567 1,198 883 16,494 608 4,642 731 871 16 392 58 4 773 10 1 2,421 90 24 610 77 709 58 1,128 857 184 7 910 88 10 88 17,733 8 1 694 1/59 135 4,924 778 4,639 344 806 302 360 67 52,361 2,808 3 19 12,891 3 2,888 474 934 94 23 44 4 128 251 ... 25 53,863 2,879 84 4 198 68 8 50 54 9 4l 66 2,699 119 23 48 2,537 6 1 658 455 848 l 1,009 2,889 381 751 196 147 223 220 581 4 3,584 3 3,026 11 ..... 3 8,709 2 1,171 2 ....3 2,271 2,115 6,617 44 87 7 22 44 6 26 2,974 4,303 3,656 3,109 5 8 1 2 935 328 6 4,165 27 54 5 13,295 2/22 * _____ 5 812 1,194 2,116 1 2 8 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 16 67 132 32 51 6 ____ 15 .... 3 . 4 _____ i _ 8,923 2,167 11 22 2 20 4o 4 27 53 4 63 124 13 1, 206 2,335 2,199 6,817 2 3 5 11 12 _____ 3 _ FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U, S. Government securities Total collateral 31,301 1,825 7,469 7,368 43 443 1,600 1,873 2,789 2,562 1,779 5,583 1,322 660 1,231 936 3,272 645 4oo 1,400 310 130 290 215 800 - - — 1,976 ...1,450 4,500 7 1.050 2, 621 1,850 5,900 1,367 25,280 l, 4o4 465 670 - 2 6,000 . 1,500... 2,250 32,691 1,847 7,600 — - - 1,967 2,920 y After deducting $125 million participations of other Federal Reserve Banks After deducting Digitized for2/ FRASER $ 62 million participations of other Federal Reserve Banks - - — 34 .. 550 _ 1.000 680 1,324 — 800 1,015 * Less than $500,000. 2.800 3,600
@FedFRASER