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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 15, 1962 The average of daily figures of total member bank reserves held during the week ended November l5 decreased a net of $171 million to $19,391 million. Estimated currency and coin of member banks increased $118 million and their reserve balances at the Federal Reserve Banks decreased $289 million. Estimated required reserves decreased $217 million; and estimated excess reserves increased $46 million to $597 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4-53 million, compared with the revised figure of $393 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were increases of $329 million in currency in circulation, $131 m i l l i o n i n T r e a s u r y d e p o s its w i t h F e d e r a l R e s e rv e B a n k s , and $32 m i l l i o n in f o r e ig n d e p o s its w i t h F e d e r a l R e s e rv e B a n k s . Th e p r i n c i p a l o f f s e t t i n g changes w e re i n c r e a s e s o f $ 9 0 m i l l i o n i n U . S . G o v e rn m e n t s e c u r i t i e s b o u g h t o u t r i g h t a n d $ 53 m i l l i o n 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, a n d $ 5 3 m i l l i o n i n F e d e r a l R e s e r v e f l o a t , and. a d e c r e a s e o f $ 2 ^ m i l l i o n i n " o t h e r " F* R* a c c o u n t s ( n e t ) * T o t a l R e s e rv e Bank c r e d i t in c r e a s e d $182 m i l l i o n . As of bought outright securities held bank borrowings Wednesday, November l4, holdings of U. S. Government securities were $4 million lower than a week earlier, U. S. Government under repurchase agreement were $197 million lower, and member were $471 million lower. Member bank reselves, Reserve Bank credit, and related items Reserve Bank credit; U. S. Government securities-Bought outright--System account Held under repurchase agreement Acceptances— Bought outright Held under repurchase agreement 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, Nov. 14, Nov. 7, I Nov. 15, Nov. 14, 1962 1962 1 1961 1962 (In millions of dollars) 30,138 240 + 90 + 53 +1,758 + 154 30,123 -- 35 — — •. 5 * 35 -- 144 12 - l4 1,300 + 53 96 12 1,552 31,717 15,978 5,550 53,245 -- 15,978 5,550 53,396 + - +178 + 22 + 9 + n4 + 2,051 -1,298 33 + 726 34,560 +329 - 9 +131 + 32 + 7 - 24 7567 +1,338 1 + 47 31 + 56 - 194 +1,215 35,651 5ll 567 233 325 753 -289 +118 -171 -217 + + 16,515 3,258 19,673 18,930 753 401 523 216 309 798 36,807 16,589 2,802 19,391 18,794 597 +2B 2 1 5 + 46 595 145 350 359 9 36,836 *Less than $500,000. On November 14, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,087 million, an increase of $27 million for the week and an increase of $ 1,083 million from the comparable http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis H.k.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Nov, lk, .A S § E jr S Gold certificate account Redemption fund for F. R: notes Total gold certificate reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities (335) c a p i t a l 1962 1961 I**, 1*53 3*233 - 28 t 25 - '3 -l,kk9 + 118 -1,331 333 108 - 18 -k71 - 3k -- — *- 5 3 k 35 509 30,123 -201 - 810 +7,838 -5,89k + 639 +1,773 - 110 +1,663 30,265 -672 +l,lk6 5,723 105 6k5 (l,k09) 52,757 +9k0 -+ 23 +270 81 6 + 501 + 19k (335) 29,553 +189 +1,361 -281 - - ----197 — (1,07k) 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 1962 2,389 9,527 13,92k k, 283 30,123 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Nov. 7, Nov. 15, 16,kl5 k67 233 325 17,kko +lk2 + 39 + 6 - 9k k, 271 7k (l,k09) 51,338 +228 - 2 (1,07k) +321 - 850 168 ko + ko -1,018 + + 2kl 1 + + + 31 71 103 a c c o u n t s Capital paid in k6k Surplus 888 Other capital accounts 67 TOTAL LIABILITIES AND CAPITAL ACCOUNTS(1,1*09 ) 52,757 — -- 51 +270 11 l9k 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) -.1$ 33.1# - 3 .1# Contingent liability on acceptances purchased for foreign correspondents + 16 30 83 * 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, NOVEMBER lk, 1962 (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 http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances Acceptances 10k k 8 26 - - - - - - — -- — - - 155 35 U. S. Government securities Changes during week Holdings 3,662 - 91 - 98 1,558 12,013 - 12 — 10,283 -2, kOO — 207 -201 30,123 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER l4, 1962 11.4.1(b) Total Boston New York Phila delphia. Cleve land Rich mond Atlanta Chicago St. Louis San Fran cisco Minne apolis Kansas City 290 681 53 539 38 1,851 28 318 73^ 577 1,985 Dallas (in millions of dollars) A S S E T S 634 51 6&T~ 1,138 103 1,241 990 92 1,082 803 72 2,274 223 ^,033 758 74 832 875 2,497 19 24 98 52 38 21 12 32 26 25 26 17 22 61 11 17 27 11 12 10 12 12 32 51 108 10 5 1 3 3 17 32 * * 26 9 2 3^ — — — — -- -- 3,737 15,686 758 69 827 F. R. notes of other Banks Other cash 335 333 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement -Gold certificate account Redemption fund for F . R . notes Total gold certificate reserves 14,453 1,233 2,389 296 34 121 484 707 — — — 132 201 157 2,532 917 282 1,983 4ll 1,642 2,399 234 738 1,646 " 5,190 131 — — 13^ 97 387 97 387 556 171 1,263 49 196 287 89 62l" 566 566 174 1,224 174 1,224 307 1,225 1,790 550 3,872 96 9,527 13,924 4,283 30,123 1,529 590 2,353 3,438 1,058 7,^39 Total U. S. Government securities 30,123 1,529 7,439 1,660 2,532 1,983 1,646 5,190 1,203 621 1,224 1,224 3,872 Total loans and securities 30,265 1,539 7,478 l,66l 2,535 1,986 1,663 5,222 1,203 621 1,250 1,233 3,874 6,797 4l4 1,3^5 8 525 7 56 497 5 39 517 14 35 1,182 24 105 336 6 24 204 4 14 3^5 7 26 255 13 30 709 11 83 4,402 3,6M 3,162 9,116 2,282 1,199 2,384 2,132 6,745 Cash items in process of collection Bank premises Other assets TO TA L A S S ETS 217 525 767 801 627 1,170 236 360 1,660 105 3 645 32 165 468 3 36 54,166 2,858 13,179 3,059 520 761 380 ♦Loss than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 14, 1962 Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of dol]Lars) 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 29,888 1,753 6,973 1,825 16,4-15 633 4,421 105 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 2,609 2,480 1,737 5>433 1,264 567 1,209 882 3,156 1,181 868 2,438 36 31 648 27 704 33 813 25 9 4 911 34 4 751 2,683 75 30 42 919 2,507 682 420 17 5 * 442 851 958 2,830 26l 208 560 3 2,051 10 6>556 467 233 325 17,440 22 10 1 666 1/72 270 695 29 13 * 4,868 737 * 1,229 5,345 367 935 413 427 345 425 964 284 156 74 52,747 4 2,790 19 12,795 4 2,979 6 4,271 5 3,581 4 3,085 12 8,916 3 2,233 1,166 464 888 125 243 22 4o 5 25 47 .5 16 16 26 51 3 65 67 22 42 4 124 11 31 2 11 20 2 54,166 2,858 13,179 3,059 4,402 3,162 . 9,116 2.282 1.199 83 4 2/23 5 8 21 10 38 12 1 2 26 8 * 1 .-..3. 2,324 12 1 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 43 83 .... 5... . 3,648_. 4 4 11 _____ 2_ 20 37 ... 3 ... 2.384 62 27 120 50 4 .... 7 2,132 2 ____ 3 _ ____ _ 5 _ 6,745 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 31,134 1,813 7,280 1,876 2,763 2,577 1,802 5,578 1,322 656 1,247 7,730 27 24,179 480 1,600 720 775 340 — 1,010 130 -2,100 485 — 1,400 1, 400 320 26 1,390 465 1 1,500 31,936 1,870 1,966 2,820 1,350 680 1,296 — 5,800 7,4oo - - 1,824 2,599 1/ After deducting $l6l million participations of other Federal Reserve Banks. 2/ After deducting $ 60 million participations of other Federal Reserve Banks. 1,885 — 4,300 5,700 - - 550 950 * Less than $500,000 931 3,289 215 — 755 970 •800 -- 2,600 3,400
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