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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release May 2, 1963 H.4.1 The average of daily figures of total member bank reserves held during the week ended May 1 decreased $126 million to $19,601 million. Estimated cur rency and coin of member banks decreased $31 million and their reserve balances at the Federal Reserve Banks decreased $95 million. Estimated required reserves increased $39 million; and estimated excess reserves decreased $165 million to $348 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $254 million, compared with the revised figure of $35° million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $397 million in Federal Reserve float and $63 million in member bank borrowings. The principal offsetting changes were increases of $57 million in U. S. Government securities bought outright and $162 million held under repurchase agreement, and decreases of $104 million in currency in circulation, $33 million in Treasury deposits with Federal Reserve Banks, and $24 million in foreign deposits with Federal Reserve Banks. Total Reserve Ban credit decreased $243 million. As of Wednesday, May 1, holdings of U. S. Government securities bought outright were $505.million higher than a week earlier, U- S. Government securities held under repurchase agreement were $352 million higher, and member bank borrowings were $701 million lower. 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 Chance from week ended T May 1, May 2, Apr. 24, May 1, 1062 ___ i q 6r IQ 63 1063 (In millions of dollars) +162 - 1 +1,553 + 67 + 9 31,042 352 44 - 63 - l -397 -243 — + 3 -239 + 31 35 + 171 +1,798 - 617 9 + 1,171 123 30 _1,474 337055 15,878 5,580 357523 -1C4 + 3 - 33 - 24 + 4 + 10 1T53 +1,448 + 21 + 356 46 - 170 + 39 +1,649 34,660 16,615 .2,986 19,601 - 95 - 31 + -126 7 476 209 267 19,253 358 + 39 - 157 110 17,1C6 3,130 20,236 19,578 30,646 + 57 162 46 95 30 1,522 32,500 15,877 5,581 53,959 35,581 440 963 167 196 997 37,355 -165 443 960 170 183 1,001 377517 758 On May 1, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,577 million, a decrease of $104 million for the week and an increase of $1,932 million from the comparable date a jear ago. H.4.1(a) CONSOLIDATED STAxENH.a OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since May 2, Apr. 24, May 1, 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 1962 1963 ll+, 326 1,269 15,595 - 5 5 370 + 1+ - 731 104 627 - 15 + -8 + * 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 (424) -7C6 - 2 153 44 +505 2,653 13, 571 10,52L -- 4, 29 b - - 352 31,394 Total loans and securities 31,591 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 5,81+1 1C 3 (1,100) +857 +11+9 +2 , 0I+7 +3 I+9 + - _ 1+83 + 11 (1,524) 537983 +508 (424) 29,610 + - 15 - 15 - +221 + 217 198 +225 + 4 ^93 + + 22l+ + + + 25 46 1+, 367 A C C O U N____ TS C A P I T A L Capital paid in 1+79 Surplus 93*+ Other capital accounts 95 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l, 52I+) 53,983 +1 , 1+88 ll+6 293 2 l+ -105 52,1+75 51+7 1+ + 38 +1,986 + + +356 79 (1,521+) 1+3 1 7,ic6 960 170 183 18, 419 (1, ICO) 203 + +1 ,76 0 + 279 +2 , C39 +505 +352 31,d+2 - 592 +8 , 59 I+ - 6, 1+1+5 + 15 +508 4 +l,9ll+ l +1,986 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shovn on the fol - 2.% -.2<f> lowing pages--not consolidated) 3^#2°jo Contingent liability on acceptances purchased l4 for foreign correspondents ^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 MID SECURITIES, MAY 1, 1963 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements*) 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 Discounts and advances Acceptances 122 12 31 32 -- — 153 --■55 U* S* Government securities Changes during week Holdings 4, 002 1, 46l 12 , 603 i c , 980 2 ,183 165 31, 39l+ +3,683 - 2,996 + 170 + ---SFr STATEMEilT OF COIKITIOII CF EACH FEDERAL RESERVE BAI3K Oil MAY 1, 1963 H.4.1(b) To ta l B o s to n P h ila d e lp h ia Hew Y o rk C le v e la n d (In R ic h mond m illio n s A t la n ta 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 San F ra n c is c o o f d o lla r s ) A S S E T S 15,595 724 71 795 3,799 301 4,100 F . R . n o te s o f o th e r Banks O th e r cash 424 370 23 98 26 60 D is c o u n ts a nd a d va n ce s A c c e p ta n c e s : Bought o u t r 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 IT 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 153 7 10 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 14,326 1,269 44 44 759 74 83T 1,077 112 937 106 623 39 1,895 135 2,030 12 13 24 13 45 53 660“ 33 64 15 17 28 8 l4 31 7 5 16 3 22 - - -- -- -- -- 56 285 221 113 102 90 450 183 519 403 164 1,326 1,188 349 1,785 1,385 565 2,353 73 227 2,580 762“ 1,189 1,043 37 19 32 33 27 30 50 34 4 15 19 . . . — - 6o4 51 65^ 258 28 286“ 689 - - 6c8 52 - - 662“ i 661 219 1,120 868 354 2,561 -- 2,071 145 ic6 544 421 44l 2,254 1,748 713 5,156 -- 1,243 -- 652 -- -- -- 225 2,623 1,071 -- 7,738 352 145 744 577 235 1,701 -- T o t a l TJ. S . G o v e rn m e n t s e c u r i t i e s 31,394 j 1,624 8,090 1,701 2,561 2,071 1,698 5,156 1,243 652 1,326 1,188 4,C84 T o t a l lo a n s a n d s e c u r i t i e s 31,591 1,631 -3r 2,653 1,705 2,576 2,090 1,712 5,187 1,250 657 1,342 1,191 4,106 6,941 1,336 8 123 420 3 27 571 7 4o 460 5 30 554 14 190 345 7 20 282 12 21 791 27 1,159 23 77 296 6 483 537 3 25 55,507 3,c 4o 13,869 3,044 4,448 3,685 3,153 9,123 2,394 2,205 7,100 TO TA L A S SETS 13,571 1 10,524 i 4,294 j 31,042 [ 352 139 710 550 1,624 3,383 H CO C a s h it e m s i n p r o c e s s 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 j 177 905 702 287 — 742 576 235 l, 698 — of 103 172 4 19 10 2,263 1,183 580 4,c84 — 11 6k H.l*.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OI'I MAY 1 , I963 Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas Dallas City San Fran cisco L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U.S. Treasurer-general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 30,03^ 11,779 7,199 1,809 2,603 2,1*24 1,700 671 1*,905 737 1,191 53 15 70l* 852 17,106 960 170 ! 183 Contingent liability on accept ances purchased for foreign correspondents 8 ! j } * 18,1*19 ; 737 i 1*1*8 5, **67 I k 79 } 53,999 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 58 2,968 1i ! i 23 ' i 1*1* 188 1/53 .. 125 5,271 1*2 9 1 3,181* 798 57 7 l 9ll* 76 9 2,81*5 ll*3 1 371 1*9 1* * 863 266 2,1*51 99 667 51 5 817 905 2,573 72l* 1*21* 367 1+60 899 228 152 1* 1*,311 1* 3,612 1*1* 87 6 1*1* 6 789 970 356 1*1*2 23 1+ 6 13,1*63 2,958 5 26 55,507 3,ol*o 13,869 3, ol*l* 1*,1*1*8 83 1* 2/22 5 8 251 887 1 1 1,260 129 1*3 9 1,198 1,257 22 1 27 51* 5 1*79 93** 95 101 8 1* 570 5,1*24 23 3,685 1* 3,069 13 ____ 3 8,909 2,212 20 1*0 1* 28 6 32 .... 3 11 22 2 3,153 9,123 2,263 1,183 3_ 61*9 2,120 16 12 230 2,330 67 l* ... 1*7 3,056 2 l,ll*8 132 . . 15 27 51 2 21 1 1,000 3 .3.. 53 1* 2,394 _2,205_ ... 3 _____ 5 10 6,899 61* 12l* 13 7,100 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,^25 1,838 7,521 1,880 2,781 2,555 1,761 5,576 1,315 1*1*3 1,600 1*65 2 580 620 1*00 1,1*00 - - — - - 7,253 23 25,1*70 l.l*3l* 6.100 1.5C0 2.250 1.986 32,71*6 1,877 7,7C0 1,967 2,830 2,606 - - - - _ _ _ _ ns of other Federal Reserve Banks. 2/ After deducting $ 6l million participations of other Federal Reserve Banks. 65I* 1,230 130 290 _. 1.1*50. 1*,5-C0 310 6 1,100 550 15 1,CC0 5,900 1,1*16 680 1,305 1,850 - - 955 3,359 215 ~- 8C0 800 2.800 1,015 3, 6co * Less than $500,000
@FedFRASER