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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 31; 1962 The average of daily figures of total member bank reserves held during the week ended May 30 decreased a net of $70 million to $19,759 million. Estimated currency and coin of member banks increased $6l million and their reserve balances at the Federal Reserve Banks decreased $131 million. Estimated required reserves decreased $74 million; and estimated excess reserves increased $4 million to $534 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $448 million, compared with the revised figure of $483 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks was a decrease of $476 million in Federal Reserve float. The princi pal offsetting changes were increases of $219 million in U. S. Government securities bought outright and $39 million in member bank borrowings, and decreases of $75 million in Treasury deposits with Federal Reserve Banks and $29 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $2l8 million. As of Wednesday, May 30, holdings of U. S. Government securities bought outright were $359 million higher than a week earlier and member bank borrowings were $35 million higher. Outright holdings of bills, certificates, notes, and bonds increased $179 million, $57 million, $100 million, and $23 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 30, May 31, May 23, 1961 1962 ___ 1962____ (In millions of dollars) 29,560 — 33 +219 --- 86 65 + 39 1,191 30,935 16,434 5,594 52,963 -476 Wednesday, May 30, 1962 + 2,761 3 7 29,570 -31 6 108 1 -217 + 60 + 226 +3,031 - 968 + 166 + 2,228 65 951 30,725 16,435 5,595 52,755 +1,273 + 2 + 150 3 + 69 + 57 + 1,549 33,478 4l6 35,958 + 4 - 1 - 75 - 29 + 17 - 2 - 65 17,007 2,752 19,759 19,225 534 -131 + 6l - 70 - 74 + 4 + + + + - 678 209 887 968 81 16,587 2,936 19,523 33,331 4l8 524 208 344 1,130 -218 - - + 568 214 362 1,130 367168 19,222 On May 30, 1962, U- S. Government securities held in custody by Fed eral Reserve Banks for foreign account were $5,734 million, an increase of $30 million for the week and an increase of $97 million from the comparable date a year ago. 301 H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) May 30;' 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--Bought outright U- S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Bought outright Held raider repurchase agreement Total U- S- Government securities 15,005 1,153 l6,158 (346) Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member Bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 2 5 7 -1,056 + 119 - 937 - 7 + 35 - 1 + 3,114 5,563 +179 + 57 +359 + 463 - 954 +2,553 + 622 +2,684 +359 +2,683 29,774 +393 +2,739 4,287 -602 - 1 + 18 + 3,792 29,570 -29,570 (1,138) - 357 173 31 17,101 Total loans and securities Change since May 31, May 23, 1962 . . . 1961 106 +100 + 23 17 62 6 1 621 2 69 273 (1,484) 50,955 7206 + +2,473 (346) 28,379 +166 +1,l4l 16,587 - 53 - 51 - 54 + + + + + 568 214 (241) 426 (241) 17,795 (897 ) +138 - 20 -372 3,272 74 (1,484) 597520 + 3 -223 C A P I T A L A C C O U N T S Capital paid in 455 888 Surplus 92 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,484) 50,955 — -+ 17 7206 480 196 4 149 829 + 377 + 27 +2,374 + + 32 71 k +2,473 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol -.2$ - 3-8i 34.6$ lowing pages— not consolidated) Contingent liability on acceptances purchased - 1 112 54 for foreign correspondents * 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 °>Q. 1962 (Acceptances and securities neld 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 - 60 Within 15 days 10 106 397 + 48 16 days to 90 days 5,372 21 67 - 91 days to 1 year -+314 11,467 -9,821 Over 1 year to 5 years - + 57 — -Over 5 years to 10 years 2,247 — 266 --Over 10 years http://fraser.stlouisfed.org/ Total 29,570 +359 31 173 Federal Reserve Bank of St. Louis STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 30, 1962 H 4.1(b) Total Boston i New York Phila delphia F. R. notes of other Banks Other cash Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 1 16,158 827 346 357 12 22 109 75 18 16 173 17 30 9 31 3,114 5,563 756 V -l6l 31 17,101 288 887 3,792 29,570 197 1,533 Total U. S. Government securities 29,570 1,533 7,321 Total loans and securities 29,774 1,550 5,425 106 TOTAL ASSETS 830 60 3,814 271 4,085 15,005 771 1,377 4,234 939 7,321 Cash items in process of collection Bank premises Other assets Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleve land 899 609 297 27 .... 49 658 324 627 15 19 19 9 10 17 14 25 50 7 5 15 9 10 969 91 874 1,060 940 2,801 638 59 33 23 11 29 16 20 8 17 11 35 1,155 101 1,256 22 -- “- 264 205 367 1,448 216 1,681 471 60 165 296 908 201 522 933 1,889 36 ___ li£_ 663 2,007 **** —“ — — 177 316 972 66 2,596 589 - 205 ... 49 125 67 222 121 682 151 371 137 244 751 126 225 394 703 2,162 2,504 1,128 250 1,950 1,570 4,958 1,180 82 SET 1,299 1,195 479 3,738 1,681 2,504 1,950 1,570 4,958 1,180 641 1,299 1,195 3,738 7,382 1,690 2,512 1,967 1,581 4,993 1,187 646 1,314 1,204 3,748 997 9 454 495 14 838 285 l4l 4 252 6 13 303 13 12 552 69 344 3 15 420 273 344 3 14 52,439 2,772 12,726 2,985 2,268 2,226 6,429 321 8 2,867 ___ 636. 23 16 16 24 43 4,270 3,538 3,138 8,782 5 6 10 2,156 6 1,149 691 167 ___ 151. 11 36 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 30, 1962 Total Boston Phila delphia New York Cleve land Rich mond St. Louis Minne apolis Kansas City Dallas San Fran cisco 5,235 1,226 •586 1,188 828 2,976 862 2,577 388 25 5 * 4l8 776 38 9 1 824 110 193 Atlanta Chicago (in millions of dol3.ars) 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 28,725 1,704 6,675 1,826 2,5^2 2,312 16,587 568 214 667 640 4,423 66 1,188 . 71 29 2 676 39 20 1 1,248 721 89 9 ... 36 855 52 11 l4l 18,036 312 4,863 749 29 12 2 792 1,066 2,679 597 36 7 24 664 Deferred availability cash items Other liabilities-and accrued dividends TOTAL LIABILITIES 4,169 321 782 281 340 300 364 651 213 74 4 2,705 18 12,338 4 2,903 7 _____ 3 3, 470 4,137 3,061 8,578 2,106 1,116 21 42 4 124 243 21 26 21 40 7 24 47 6 64 124 16 32,439.. 2,_7_7_2 12.726 JL 2& 5 5 2/31 6 51,004 26 10 * 1/62 1,627 4 13_ - - 3. _____ 2_ 2,709 957 40 57 12 28 111 ____ 32_ 1,120 2,831 3 2,208 420 194 3— 2,145 _1Q_ 6,237 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 455 888 92 112 51 5 16 31 3 11 20 2 4.270 _Jk538 _ia.38_ 8.782 2.156 1.149 16 4 42 83 8 10 5 6 61 26 19 50 37 4 _____ 5_ 2.268 120 11 2.226 6.429 6 15 888 3,091 3 _____ 5_ FED ER A L RESERVE A G E N T S ' ACCOUNTS 1,741 6,942 1,887 2,702 2,392 1,696 5,358 1,282 668 1,218 7,700 450 l, 600 530 5 1,500 720 650 425 340 5 160 310 22 23,390 -- 1,365 31,112 1,815 — 5,600 7,200 2,035 — 2,100 2,820 — 1,780 1,300 1,400 — 4,100 2,430 1,725 5,500 1/ After deducting $152 million participations of other Federal Reserve Banks. $ 8 l million participations of other Federal Reserve Banks. 2/ After deducting — 12 1,010 —• 530 950 1,355 690 1,272 900 215 -755_ 970 3,300 *Less than $500,000. -O O Total collateral 29,865 CVJ F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities
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