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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release H.4.1 1963 May 23, The average of daily figures of total member bank reserves held during the week ended May 22 increased a net of $20 million to $19,679 million. Estimated currency and coin of member banks decreased $17 million and their reserve balances at the Federal Reserve Banks increased $37 million. Estimated required reserves increased $37 million; and estimated excess reserves decreased $17 million to $442 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $l6l million, compared with the revised figure of $260 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $428 million in Federal Reserve float and $82 million in member bank borrowings, and decreases of $116 million in Treasury deposits with Federal Reserve Banks and $37 million in currency in circulation. The principal offsetting changes were decreases of $297 million in U. S. Government securities bought outright and $122 million held under repurchase agreement, and increases of $178 million in "other" F. R. accounts (net) and $34 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $86 million. As of Wednesday, May 22, holdings of U. S. Government securities bought outright were $349 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $105 million lower, and member bank borrowings were $157 million higher. Outright holdings of bills and notes decreased $334 million and $15 million, respectively. 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 May 23, May 15, May 22, 1962 1963 1963 (in millions of dollars) 30,914 -46 -297 -122 + 1 281 23 + 82 - 7 +428 33,183 15,828 5,574 T~m 54,565 90 1,899 - - + + 4 +1,573 13 44 + 234 769 42 + 232 +2,010 - 606 19 + 1,385 337068 15,828 5,574 54,476 34,890 433 830 156 176 1,150 377635 +178 37,778 + 53 16,787 + + + - + - 177 2,892 19,879 19,237 442 -116 + 34 - 12 37 17 20 37 17 — + 1,162 190 - 37 + 6 30,835 - - + 1,569 + 3 + 332 47 - 150 + 30 +1,737 34,896 422 931 Wednesday; May 22, 1963 351 199 152 62 90 1,420 16,836 3,201 20,037 19,249 788 On May 22, 1963, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,803 million, an increase of $171 million for the week and an increase of $2,099 million from the comparable date a year ago. H.b.1(a) CONSOLIDATED STATEMENT OF CONDITION (in millions of dollars) May 22, 1963 . A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held lender repurchase agreement Total U. S. Government securities L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 2 2 ll+, 262 1,268 Ij- 15,530 * (358) 358 769 + + 6 127 -- - 7l+5 4- 110 - 635 6 + + 631 12 30,835 31+9 105 1 1+51+ - 597 +8,932 -7,321 + 610 +1,62b -+1,625 31,61+8 - 327 +2, 267 5,386 - 971+ 1 36 + (1,5b6) 53,338 + -1, 261+ 1+97 5 + 59 +2,177 (358) 29,808 61 +1,595 2, 338 ll+, 438 9,68 0 b, 379 30,835 -- Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Chanee. since May 23, May 15, 1962 ___ (1,188) - 33^ -- - 15 -- - 102 3lb 16,836 8 30 156 176 17,998 (1,188) 3,966 + - 196 6 220 11 17 2l+2 + + + 973 7 + 322 + 2 +2,102 73 (1,5^6) 51,81+5 -l, 283 C A P I T A L A C C O U N T S Capital paid in 1+79 Surplus • 93^ 80 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,5^6) 53.33? -+ 19 -1,264 + + 211 112 112 183 2l+ \s' bb + 5 + 2,177 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages--not consolidated) 32 .2% + *1$ - 2.6% Contingent liability on acceptances purchased for foreign correspondents ^3 " 30 * 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, MAY 22, I9&3 (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 + 8b 1+71 10 Within 15 days 766 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 http://fraser.stlouisfed.org/ ** Less than $500,000. Federal Reserve Bank of St. Louis 3 3^ ---- W9 5,211 ll+, 735 8,233 2,020 165 30,835 +3 ,612 -i+,135 - 15 STATEMENT OF CONDITION OP EACH FEDERAL RESERVE BANK ON MAY 22, 1963 H.4.1(b) Total Boston Phila delphia New York Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City 262 290 493 50 543 Dallas San Fran cisco (In millions of dollars) A S S E T S Gold certificate account Redemption, fund for P. R. notes Total gold certificate reserves 14,262 1,268 708 3,812 308 772 73 845 1,087 111 1,198 865 102 967“ 750 72 822 2,440 2,665 519 54 573 225 28 629 39 668 1,925 134 2,059 15,530 72 780 F. R. notes of other Banks Other cash 358 358 l6 23 91 58 29 18 20 32 24 30 37 33 29 6l l4 17 23 8 13 11 20 11 42 56 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 769 3 303 1 43 91 76 45 46 2 87 17 55 44 -- 44 -- -- -- -- -- -- -- “— “— 2,338 14,438 122 755 583 3,599 2,413 1,091 128 791 531 24o 128 790 389 2,398 1,608 90 552 370 307 1,900 529 1,690 240 1,687 -- 727 5,122 49 303 388 203 175 _____ 647 1,235 --- ICO 7,686 156 963 646 293 2,058 -- 9,680 4,379 30,835 — _ 506 229 1,612 4,120 " —— 193 1,191 799 361 2,544 -- -- 93 579 617 413 187 1,317 168 1,180 -- 1,274 576 4,057 -- Total U. S. Government securities 30,835 1,612 7,686 1,690 2,544 2,058 1,687 5,122 1,235 647 1,317 1,180 4,057 Total loans and securities 31,648 1,615 8,033 1,691 2,587 2,149 1,763 5,167 1,281 649 l,4o4 1,197 4,112 6,574 102 314 451 1,230 18 468 5 17 18 1,087 23 49 291 80 559 7 28 515 14 16 412 3 6 12 201 4 7 335 7 13 285 12 15 74o 10 4l 54,884 2,904 13,620 3,016 4,431 3,660 3,202 9,081 2,194 1,182 2,326 2,208 7,060 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 3 8 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 22, 1963 Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne Kansas apolis City Dallas San Fran cisco (In millions of dollars) 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 30,166 1,787 7,231 1,813 2, 613 2,422 1,709 5,456 1,258 571 1,201 893 3,212 16,836 830 156 176 612 4,715 1,186 1/46 118 370 42 4 * 2,84l 121 20 48 5,057 801 788 653 4l6 765 42 6 1 8l4 929 50 9 1 690 8 1 970 2, 454 79 21 2 2,556 6l4 34 5 * 17,998 33 l4 1 l, 234 703 75 7 3 899 71 7 * 748 43 9 1 989 5,154 352 913 313 44i 374 436 845 229 159 244 238 3,030 610 73 53,391 4 18 4 6 4 4 178 62 4,294 3,588 3,119 44 6 23 44 5 27 51 5 3,016 .4,431 R, 660 5 8 4 2,833 13,219 2,931 129 251 21 27 54 4 87 13,620 . 13 _____ 1_ 8,870 2,143 2 ______i______ 3_ 2,262 2,123 l, 148 9 6,861 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 80 23 44 4 54,884 2,904 Contingent liability on accept ances purchased for foreign correspondents ____ §3_ 479 934 4 ._£/2L. 11 22 1 20 28 32 3 4o 4 53 4 64 124 11 3.202 . . 9 ^ 1 2.194 1.182 2.326 2.206 7, C60 12 3 4 16 67 132 12 2 _____ 3_______1_ 11 FEDERAL RESERVE AGENTS' ACCOUNTS Total collateral 31,527 l, 84o 7,248 443 134 25,470 - - 1,434 32,852 1,877 7,537 1,6co - - 6,ico 7,700 1,889 2,774 2,546 465 580 620 _ _ — l 1,500 1,966 2,250 2,830 1,986 2,606 1,775 4co — 1,450 1,850 1,330 658 1,244 956 3,374 1,4cc 310 46 1,100 4,500 __ 5,900 1,456 130 8CC -- 285 87 1.000 l, 372 215 -- 5,6c4 550 680 — 8cc 1,015 * Less than $500,000. 2/ After deducting $ 6l million participations of other Federal Reserve Banks. -ro a c c F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities 3,6co
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