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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H .4 .1 Fo r immediate r e le a s e March 8 , 1962 The average o f 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 March 7 decreased a n e t o f $63 m illio n to $ 1 9 ,4 2 4 m illio n . E s t i mated cu rren cy and co in o f member banks decreased $329 m illio n and t h e i r re se rv e balances a t th e F e d e ra l Reserve Banks in creased $266 m illio n . E stim ated required re serv es in creased $19 m illio n ; and estim ated excess re se rv e s decreased $82 m illio n to $440 m illio n . E xcess re se rv e s exceeded member bank borrowings a t the F e d e ra l Reserve Banks by $350 m illio n , compared w ith th e re v ise d fig u re o f $466 m illion th e week b e fo re . The p r in c ip a l changes supplying average re se rv e balances w ith F e d e ra l Reserve Banks were in cre a s e s o f $148 m illio n in F e d e ra l Reserve holdings o f U. S . Government s e c u r i ti e s and $34 mil l i on in member bank borrowings, and decrease® o f $69 m illio n in T reasury d ep osits w ith F e d e ra l Reserve Banks and $56 m illio n in "o th er" F .R . accounts ( n e t ) . The p r in c ip a l o f f s e t t i n g changes were an in cre a se o f $53 m illio n in cu rren cy in c ir c u la tio n and a decrease o f $18 m illio n in gold s to c k . T o ta l Reserve Bank c r e d i t in creased $196 m illio n . As o f Wednesday, March 7 , holdings o f U. S . Government s e c u r i t i e s bought o u trig h t were $200 m illio n higher than a week e a r l i e r and member bank borrowings were $273 m illio n h ig h e r. O utright holdings o f b i l l s , n o te s , and bonds in creased $70 m illio n , $70 m illi on, and $60 m illio n , r e s p e c tiv e ly . Member bank reserves, Reserve Bank credit, and related items Averages o f d a ily fig u re s Week ended Change from week ended F eb . 28, Mar. 8, Mar. 7, 1962 . 1962______ 1961 (In m illio n s o f d o l l a r s ) Wednesday, Mar.7, 1962 Reserve Bank credit: U. S. Government s e c u r i t i e s — Bought o u tr ig h t- -System account Held under repurchase agreement A cceptances— Bought o u trig h t Held under repurchase agreement Discounts and advances— Member bank borrowings Other F lo a t T o ta l Reserve Bank c r e d it Gold stock Treasury cu rren cy outstanding Currency in c ir c u la tio n Treasury cash holdings Treasury d ep o sits with F . R. Banks Foreign d ep o sits with F . R. Banks Other d ep o sits with F . R. Banks Other F . R. acco u n ts (n e t) Member bank r e s e r v e s : With F ed eral Reserve Banks Currency and coin (e stim a te d ) T o ta l re se rv e s held Required re se rv e s (e stim a te d ) E xcess re se rv e s (e stim a te d ) 2 8 ,4 1 9 14 46 +134 + 14 + + 1 ,6 4 4 1 1 1 90 66 1 ,3 3 9 2 9 ,9 7 4 1 6 ,7 7 2 5 ,5 8 7 5 2 ,3 3 3 3 2 ,9 0 8 44o 4oi 214 283 1,100 + 34 + 14 - 1 +195 - 18 - 1 +175 + 53 - 1 - 69 - 13 - 2 153*5 - 56 - 88 16,987 +266 2 ,4 3 7 1 9 ,4 2 4 1 8 ,9 8 4 -3 2 9 T -53 + 19 44o - 82 28,560 4 4 + 56 + 271 +1,960 - 601 + 182 + l ,5 4 l +i,n4 7 14 44 347 65 1 ,1 4 6 307 1 5 2 1 6 ,7 3 0 5 ,5 8 8 5 2 ,4 8 0 3 2 ,9 9 5 445 4 lo + + + 115 13 986 205 1 ,0 9 9 3 5 ,3 8 3 + + + + + 554 199 753 74 o 13 1 7 ,0 9 7 2 ,6 5 4 1 9 ,7 5 1 l8|913 19 229 838 On March 7 , 1962, U. S . Government s e c u r i tie s held in custody by th e Fed e r a l Reserve Banks f o r fo re ig n account were $ 5 ,5 0 0 m illio n , an in cre a se o f $68 m il lio n f o r the week and a d ecrease o f $368 m illio n from the comparable date a y ear http://fraser.stlouisfed.org/ ago. _____ __________________ Federal Reserve Bank of St. Louis t i .4 .1 ( a ) UUWbUbJLU'A'imi bTA iai*iM 'Ji US' UUIMUlTlUiM OF THE TWELVE FEDERAL RESERVE BARKS (In millions of dollars) Mar. 7, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 15,320 1,144 16,464 Change since Feb .23, Mar .8, 1961 1962 60 6 66 + - - 25 +273 + - 709 98 6ll * (486) Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held linder repurchase agreement Total U. S. Government securities 455 412 44 -- -- +200 29,016 +473 +1,837 16,842 3,846 28,560 (875) 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 4,561 -- 70 60 +200 + + + 611 + 1 + 113 “ "+1,914 > 50,891 + 1 + 72 • 22** 1 28,04l +104 + 958 17,097 4io +289 17,941 - 39 + 25 -184 + 91 + + + 726 36 52 188 554 3,415 67 49,464 -238** + 2 _ 4i** + 269 + 33 +1,s i r 109 286 229 205 (875)1 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 70 28,560 + 4,972 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 2 1 — + 250 - 443 + 637 +1,219 +1,663 23 +i,64o 2,900 Total loans and securities 37 200 1 C A P I T A L A C C O U N T S 452 Capital paid in 888 Surplus Other capital accounts 87 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,361)1 50,891 + 1 + + + 18 - 22** 31 71 2 +1,914 t 1 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 http://fraser.stlouisfed.org/ Federal Reserve Bank,of St. Louis ____ Total 346 51 .1 5 Acceptances 12 32 — - - -- - - - - FTp HE : CO Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 2.6# 35-4$ lowing pages--not consolidated) Contingent liability on acceptances purchased 60 + 2 115 __for foreign correspondents * "Figures"in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on following pages. ** February 28 figures revised._____________________ a OF LOANS AND SECURITISE, March 7. 1962 (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 Holdings during week 536 3,236 12,092 10,203 2,227 266 +110 - 84 + 52 +122 — — +200 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 7, 1962 H.4.l(h) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago Kansas City Minne apolis St. Louis Dallas San Fran cisco (In millions of dol]Lars) A S S E T S • Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 15,320 l,l44 16,464 4,028 50 578 37 652 686 615 2,043 105 2,148 37 14 39 56 1,303 39 30 39 38 17 38 83 14 24 17 26 76 30 11 14 15 7 47 25 8 103 17 6 47 18 27 — — — — -- — — -- — 184 315 160 495 117 200 62 106 126 217 118 202 353 361 8.1 734 684 156 612 1,245 1,160 2,051 469 3,478 31 Discounts and advances Acceptances: Bought outright U- S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 412 12 95 — 44 — 154 717 168 287 4,972 16,842 8,846 265 896 28,560 Total U. S. Government securities Total loans and securities 636 27 389 906 135 97 TOTAL ASSETS 362 50 272 21 Cash items in process of collection Bank premises Other assets 602 790 2,496 209 2,705 722 68 4,300 486 455 2,900 1,072 813 F. R. notes of other Banks Other cash 44 1,201 102 835 71 1,230 246 422 1,428 85 1,157 1,066 273 926 211 850 2,878 680 605 1,520 4,165 951 7,063 222 1,650 2,422 1,808 1,570 28.560 1,520 7.063 1.650 2.422 1 ,8.08— 1,57-0— ..4.,.880- ,.1,25.2— 612- 1,245— 1,160— 3,478- 29,016 1,532 7,202 1,657 2,469 1,833 1,578 1,169 618 1,292 1,178 3,505 5,^36 379 4 346 383 5 17 423 l4 17 159 279 l! 434 8 25 229 l4 1,107 9 71 2,794 12,921 2,997 4,316 3,438 2,928 109 286 52,252 205 973 326 243 657 4,880 4,983 84o 24 47.. 8,720 151. 1,152 7 11 l 2,106 1,205 168 6 13_ 2,305 610 247 11 13 13 -____ 3i 2,117 6,405 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 1, 1962
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