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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, 1963 The average of daily figures of total member bank reserves held during the week ended May 29 decreased a net of $112 million to $19,570 million. Estimated currency and coin of member banks increased $110 million and their reserve balances at the Federal Reserve Banks decreased $222 million. Estimated required reserves decreased $90 million; and estimated excess reserves decreased $22 million to £1*31 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $165 million, compared with the revised figure of $172 million the week before. The principal change reducing average reserve balances with Federal Reserve Banks was a decrease of $453 million in Federal Reserve float. The principal offsetting change was a decrease of $258 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased .5496 million. As of Wednesday, Hay 29, holdings of U. S. Government securities bought outright were $254 million higher than a week earlier and member bank borrowings were $620 million lower. Member bank re s e rv e s , Reserve Bank c r e d i t , and r e la te d items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought o u trig h t--S y stem account Held under repurchase agreement A cceptances--bought o u trig h t Discounts and ad v an ces-Member bank borrowings Other F lo a t T o tal Reserve Bank c r e d i t Gold stock Treasury currency outstanding Currency in c ir c u la tio n Treasury cash holdings Treasury d ep osits with F . R. Banks Foreign d ep osits with F . R. Banks Other d ep osits with F . R. Banks Other F . R. accou n ts ( n e t) Member bank re s e r v e s : With Fed eral Reserve Banks Currency and coin (e stim a te d ) T o tal re se rv e s held Required re se rv e s (e stim a te d ) Excess re se rv e s (e stim a te d ) Averages of d a ily fig u re s Week ended Change from week ended May 30, May 22, May 29, 1962 1963 1963 (In millions of dollars ) 30,910 - 4 +1,350 45 - 1 + Wednesday, May 29, 1963 31,089 12 42 - 15 - 23 -453 •7496 - 9 + 4 + 180 65 + 255 +1,732 - 615 149 54,665 -500 +1,102 34,911 419 673 + 15 - 3 +1,580 + 1 + 149 - 22 - 3 - 7 - 266 - ~ 1,446 32766? 15,819 5,578 168 174 1,155 37,499 16,565 3,005 19,570 19,139 431 16 1,101 32,381 15,798 5,583 53,762 35,077 4l8 4o 609 156 -279 - 170 + 25 + 1,543 185 1,151 37,596 -222 +110 -112 - 90 - 22 + - 442 16,166 203 239 63 176 3,356 19,522 19,122 400 -258 On May 29, 1963, U. S. Government s e c u r itie s held in custody by the F ed eral Reserve Banks f o r fo re ig n account were $7,880 m illio n , an in cre a se of $77 m illio n f o r the week and an increa.se of $2,l46 m illio n from the comparable date a year ago. H .4 .1 (a ) CONSOLIDATED STATS ENT CP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) _____ Change since May 2 9 , 1963 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves * Cash Discounts and advances Acceptances--bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities (33*0 (1 ,161) 6 14,256 1,268 - 15,52*+ - 6 353 149 42 - 5 — May 30, 1962 + - 749 115 634 4 24 -620 - 2 + 2,592 14,438 + 25^ 9,680 — — +254 + 25^ - 522 +8,875 -7,421 + 587 +1,519 -+1,519 31,280 -368 + 1,506 4,894 -492 — + 21 + -850 4 + 62 +1,533 4,379 31,089 -31,089 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS May 2 2 , -...-,19i3___ 102 — 11 607 (1,495) 335 52,488" (334) 29,991 +183 +1,612 -670 -221 (**) (**) 16,166 609 156 185 17,116 + - L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits (1,161) + — 9 -882 421 4l 58 241 679 -173 + 6 (1,495) 3,793 79 50,979 + 521 + 5 +1,459 C A P I T A L ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,495) 480 934 95 52,488 + 1 + 25 + 46 + 3 +1,533 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES — + 15 -850 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the following pages--not consolidated) - 1 .9* + .51o 32.7$ Contingent liability on acceptances purchased 29 -for foreign correspondents 83 * Figures in parentheses are the eliminations made in the consolidating process; see comparable fig u re s on combined b a sis on the follow ing p a g e s . _______ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 29 , 1963 (Acceptances and s e c u r i t i e s held under repurchase agreement a re c l a s s i f i e d as maturing w ithin 15 days in accordance w ith maximum m a tu rity of the agreem ents.) Within 15 days l6 days to 90 days 91 days to 1 y ear Over 1 year to 5 y ears Over 5 years to 10 y ears Over 10 years T o tal * * Less than $ 5 0 0 ,0 0 0 . Discounts and advances Acceptances 3 9 33 ---- 1A 9 - - — 52 U. S. Government securities Changes during week Holdings NKH5,419 14,804 8,233 2,020 165 31,089 ' - 23 +208 + 69 — -- -+255 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON MAY 29, 1963 H.1(b) — _--------- ------------------- r Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas Dallas City San Fran cisco (In millions3 of dollLars) A S S E T S 29 6 — — 7k6 72 823 k,2l8 781 1,162 976 33k 353 23 23 79 20 32 21 56 27 17 lk9 13 31 6 — k2 15,52k 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 lk, 256 k2 — — 5k 6k0 277 27 30k 6l6 50 666 6k9 39 688 1,66l 135 1,796 28 6k 12 16 2k 8 lk 11 17 13 3k 50 26 1 k 15 k 3 —— “**“ — — — '' 136 k3l 2,398 103 1,700 727 5,l6k 2,075 1,700 2,576 2,10k kl3 3 19 k 92 7 29 2,970 k,3l8 506 229 k,379 31,089 1,626 6k6 3,599 2,kl3 1,091 7,7^9" lk2 791 531 2ko 1,70k Total U. S. Government securities 31,089 1,626 7,7k9 Total loans and securities 31,280 1,639 6,055 102 335 53,983 11 87k 102 1,268 TOTAL ASSETS 28 35 35 308 1,051 111 3,910 Cash items in process of collection Bank premises Other assets 586 818 2,k26 226 2,652 709 72 751 72 Gold certificate account Redemption fund for F. R* notes Total gold certificate reserves 2,592 lk,k38 9,680 21k 5,16k l,2k5 653 1,328 1,190 k ,090 1,706 5,190 l,2k6 657 l,3k3 1,19k k,093 kl7 5 20 k 58 Ik 19 1,00k 23 51 258 6 12 177 k 8 301 7 lk 267 669 10 3,571 3,085 9,012 2,190 1,182 2,356 2,207 2,565 7,822 1,710 k 52 3 17 l,lk7 8 87 2,980 I3,kl7 361 3ko 1,900 187 1,328- 1,70k 1,191 799 100 175 I,2k5 2,565 755 111 55 303 203 92 653 173 963 6k6 293 2,075 lkl 790 529 2ko 1,608 579 388 617 kl3 552 370 168 19® 12 16 1,27k 576 k ,090 k3 6,695 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 29, 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 (In millions of dollars) 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 Cleve land 30,325 1,801 7, 278 1,820 2,6l6 2,437 1,715 5,469 1,261 571 1,206 895 3,256 16,166 609 629 688 32 8 1 1,098 35 13 2 842 384 787 57 5 * 38 56 3 * 6 l 907 670 425 831 205 149 850 232 930 6l 8 1 1, 000 2,509 87 19 729 2,430 33 20 2 2,485 6C8 1,148 665 4o 7 3 715 156 185 53 7 1 17,116 690 4, 596 6l 1/52 "127 4,836 3 878 332 409 341 375 4 19 4 7 4 2,908 13,Oil 2,885 4,180 5 3,498 3,001 8,798 44 87 27 51 6 67 7 23 44 6 4,954 79 52, 474 W 56 8 1 .13 _JL 2,139 2 l, 147 ____3_ 2,291 46. 223 2,661 566 4 11 2,122 6,494 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents Wo 934 95 23 44 5 129 251 26 27 54 4 53,983 2,980 13,417 2,970 4,318 3, 571 3,085 9,012 83 4 2/22 5 8 k 4 12 ll 22 2 21 4o 4 28 53 4 64 124 13 2,190 1,182 2,356 2,207 6,695 3 2 3 5 11 1,244 963 3,397 215 8c c -- -- 16 32 132 15 ______3_ FEDERAL RESERVE AGENTS' ACCOUNTS 1,848 7,526 1,892 2,777 2, 561 1,789 5,606 1,324 656 7,248 22 25, 470 443 1,600 580 620 400 1 , 4co -- -- -- 1,434 6 ,ic o 2j 250 1,986 1,450 4,500 310 l 1,10c 130 -- 465 6 l , 500 32,740 1,877 7,700 1,971 2,830 2 , 6c6 1,850 5,900 l, 4 n 2 J After deducting $ic4 million participations of other Federal Reserve Banks. 2.f After deducting $ 6l million participations of other Federal Reserve Banks. — -- 285 15 ___ 550__ JL,ocp .. 680 l , 300 8co 1,015 * Less than $500,000. O O X) Total collateral 31, 583 CM F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities 3 , 6 co
@FedFRASER