The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
*O* * FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release 11.4.1 November 1, 1962 The average of daily figures of to ta l member bank reserves held^during the week ended October 31 decreased a net of $542 million to $19,816 m illion. Estimated currency and coin of member banks increased $b2 m illion and their reserve balances at the Federal Reserve Banks decreased $604 m illion. Estimated required reserves decreased $462 million; and estimated excess reserves decreased $80 million to $426 m illion. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $347 m illion, compared with the revised figure of $450 m illion the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $608 million in Federal Reserve float, $76 million in U. 3. Government securities bought outright, and $46 million in gold stock, and an increase of $22 million in Treasury deposits with Federal Reserve Banks. The principal o ffsettin g changes were increases of $35 m illion in U. S. Government securities held under repurchase agreement and $23 million in member bank bor rowings, and a decrease of $76 million in currency in circu lation . Total Reserve Bank credit decreased $625 m illion. As of bought outright securities held bank borrowings Wednesday, October 31, holdings of U. S. Government securities were $120 million higher than a week e a rlie r, U. S. Government under repurchase agreement were $248 m illion higher, and member were $62 m illion higher. 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 Wednesday, Oct. 31, Nov. 1 Oct. 31, Oct. 24, 1962 1961 1962 1962 (In millions of dollars) 29,853 35 36 - 78 + 35 + 1 +I,8l4 + 22 2 79 12 1,475 31,^91 + + 23 + 5 + 10 + 237 + 2,087 -1,296 24 + 767 16,006 5,552 53,049 34,039 409 541 207 311 672 36,178 16,872 2,944 19,816 19,390 426 1 -608 -625 - 46 + l + + - 76 11 22 4 4 12 -6o4 + 62 -542 -462 - 80 29,953 248 34 207 12 1,171 31,625 15,978 5,553 53,156 + 1,237 1 + 50 34 + 8 - 318 + 941 34,090 4l4 513 + + + - 16,821 3,247 •§c7o68 19,366 173 238 65 182 117 182 309 827 36,335 702 On October 31, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7;137 million, a decrease of $34 million for the week and an increase of $l,l4l million from the comparable Digitizeddate for FRASER a year ago. H.4.1(a) C O N S O L I D A T E D STAT E M E N T OF CO N D I T I O N OF T H E T W E L V E F E D E R A L R E S E R V E B A N K S (in millions of dollars) Oct. 31, 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 under repurchase agreement Total U. S. Government securities l4, 48l 1,211 15,692 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 366 (457) 219 34 - 45 + 3 - 42 -1, 445 + 109 -1,336 + - 2 63 33 65 -- 4 2,378 9,542 13,902 4,131 29,953 248 +120 — — — +120 +248 30,201 +368 - 864 +7,888 -5,867 + 528 +1,685 + 203 +1,888 30,454 +431 +1,819 5,064 105 599 (1,632) 52,280 -171 + 180 -119 + 96 + + 267 (457) 29,031 + 46 +1,225 16,821 513 182 3C9 17,825 -146 + 18 - 35 + 12 -151 + - 395 92 3,893 75 (1,632) 50,824 +182 + 3 + 80 + + + 108 -- + + 30 71 4 892 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Nov. 1, Oct. 24, 1961 1962 (1,175) - (1,175) C A P I T A L A C C O U N T S Capital paid in 463 Surplus 888 Other capital accounts 105 TOTAL LIABILITIES AND CAPITAL ACCOUNTS(i,632) 52,260 1 + 16 + 96 5 + 892 87 33 541 3 795 Rat i o of gol d c e r t ificate reserves to deposit a n d F. R. n o t e liab i l i t i e s com b i n e d ( c o m p u t e d f r o m figures as shown on the f o l lo w i ng p a g e s - - n o t c onsolidated) 33* 2 $ -- 3*3 ° Contingent l i a b i l i t y on a c c e p t a n c e s p u r c h a s e d for foreign c o r r e s p o n d e nts 69 + 1 47 * Figures in p a r e n t h e s e s are the elim i n a t i o n s m a d e i n the c o n s o l i d a t i n g process; ______see c o m parable figures on comb i n e d b a s i s on the f o l l o w i n g pages._______________ 1 M A T U R I T Y D I S T R I B U T I O N OF L O A N S A N D SECURITIES, O C T O B E R 31, 1962 ( A cceptances a n d securities h e l d u n d e r r e p u r c h a s e a g r e e m e n t are c l a s s i f i e d as m a t u r i n g w i t h i n 15 day s in a c c ordanc e w i t h m a x i m u m m a t u r i t y of t h e a g r e e m e n t s . ) U. S. G o v e r n m e n t securities Discounts and advances 203 15 1 Within 15 days l6 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 Acceptances 7 27 - - — - - - - - - - - - - 2l9 3* Holdings 3,922 1,491 12,077 10,183 Changes during week +3,534 -3,109 57 -- 2, 325 203 30,201 - - + 368 H A.l(b) STATEMENT OF COHDITIOH OF EACH FEDERAL RESERVE BANK OH OCTOBER 31, 1962 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BARK OR OCTOBER 31, 1962 H.4.1(c) B o s to n To ta l P h ila New Y o rk d e lp h ia C le v e R ic h la n d m ond (in A t l a n t a C h ic a g o m illio n s S t. L o u is M in n e Kansas a p o lis C it y San F ra n c is c o D a lla s o f d o lla r s ) L I A B I L I T I E S F e d e r a l R e s e rv e n o te s D e p o s it s : M em ber b a n k r e s e r v e s U .S . T r e a s u r e r -g e n e r a l a c c o u n t F o r e ig n O th e r T o t a l d e p o s its D e f e r r e d a v a i l a b i l i t y c a s h ite m s O th e r l i a b i l i t i e s and a c cru e d d iv id e n d s TO TA L L IA B IL IT IE S 29,488 1,723 6,850 1,802 2, 581 2,456 1,716 5, 376 l, 248 563 634 36 4,742 .54 1,162 720 1/50 245 66 8 3 2,574 52 25 2 641 33 6 l 17,825 678 5,091 782 31 17 2 1, 212 797 840 35 10 1 886 413 8 * 741 30 11 * 2,653 681 445 2,674 909 771 46 59 43 10 8 25 1 _____ L _ ____ 532,811 826 963 5,068 430 915 301 413 338 377 859 232 162 242 75 k 4 2,835 2,889 5 4, 211 5 3,596 4 2,983 12 52,456 21 12,877 463 22 42 26 51 43 83 22 124 16,821 513 182 .. ... _ 8,900 3 2, l64 28 4 * 1,201 873 214 2 _____ 2 _ _____ 31,172 2,271 2,053 3,099 585 30. 6,505 C A P IT A L ACCO UN TS C a p it a l p a id i n S u rp lu s O t h e r c a p i t a l a c c o u n ts Contingent liability on accept ances purchased for foreign correspondents_______________ ____ 8 4o ____I 65 16 31 105 6 53,912 2,905 13,269 2,972 4,345 3,665 3,062 9,107 2,215 69 3 2/19 4 6 3 4 10 2 888 T O T A L L I A B I L I T I E S AN D C A P IT A L ACCO UN TS ____ 6 25 47 7 125 243 ____ 24 18 11 20 4 20 2 37 5 1,205 2,333 26 50 62 6 120 IP 2,135 6,699 2_______ 3_______4______ 2 F E D E R A L RESERVE A G E N T S ' ACCO UN TS F . R . notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U . S . Government securities Total collateral i v U uX , I A U V JX CA/JL l / A f t e r d e d u c tin g $132 30,815 1,791 7,17^ 1,860 2,735 2, 562 1,789 5,536 1,303 653 1,238 928 3,246 7,810 480 l, 600 465 2 1,500 720 755 -1,824 485 340 7 1.010 130 —— 550 320 215 900 1.400 1,400 —— 4. 300 950 7S5 2 .6 0 0 1,885 5,700 l, 357 680 1, 281 970 3 ,5 0 0 20 24,159 — 1, 370 5.800 2, ICC: 2,820 -i 2,579 7 *,4 0 0 i- 1,967 1 ,8^5, 0 —- - - — m T l l i x ) r r 'p a r t i c i p a t i o n s o f o t h e r F e d e r a l R e s e rv e B a n k s . ^ 31,989 7 ^ ^ 2 / A f t e r d e d u c tin g $ 50 m i l l i o n p a r t i c ip a t io n s - - o f o t h e r F e d e r a l R e s e rv e B a n k s . — 11 * L e s s t h a n $ 5 0 0 ,0 0 0 .
@FedFRASER