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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 F'or immediate release November 23, 1962 The average of daily figures of total member bank reserves held during the week ended November 21 increased $250 million to $19,666 million. Estimated currency and coin of member banks increased $56 million and their reserve balances at the Federal Reserve Banks increased $194 million. Estimated required reserves increased $276 million; and estimated excess reserves decreased $26 million.to $539 million. Excess reserves exceeded member bank'borrowings at the Federal Reserve Banks by .$446 million,., compared with the:, revised, figure of $421 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $756 million in Federal Reserve float and decreases of $59 million in Treasury deposits with Federal Reserve Banks_ and^ $23 million in foreign deposits with Federal Reserve Banks. The principal off setting changes were decreases of $94 million in U. S. Government securities bought outright and $180 million held under repurchase agreement, and $51 million in member bank borrowings, and increases of $222 million in "other" F. R. accounts (net) and $124 million in currency in circulation. Total Reserve Bank credit increased $431 million. As of Wednesday, November 21, holdings of U. S . Government securities bought outright were $56 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $124 million higher, and member bank borrowings were $31 million higher. Outright holdings of bills decreased $66 million; certificates increased $3,658 million and notes and bonds decreased 109 ail.Lion nones manuring i\ or 153,658 million of 3-3/8 Member bank reserves, Reserve Bank credit, and related items r 15 and $349 million bonds maturing December it certificates maturing,November 15 , 1963. Averages of daily Tigures Week ended Change from week ended Wednesday, Nov. 21, Nov. 22, Nov. 14, Nov. 21, 1962 1961 1962 1962 (In millions of dollars) 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) 30,044 - 94 60 -180 - 1 +1,583 67 7 - 51 -+756 +431 --+431 + 3 + 10 + 313 +1,834 -1,212 35 + 586 +124 - 7 - 59 - 23 - 20 +222 +237 +1,334 +194 + 56 + - 34 93 12 2,056 32,299 15,978 5,550 53,827 34,684 394 464 193 289 1,020 37,044 16,783 2,883 197666 19,127 539 +250 +276 - 26 20 42 - 116 + 38 - 124 + 1,070 482 254 228 170 58 30,067 124 35 127 12 2,c 44 32,409 15,978 5,551 53,938 34,843 398 310 213 262 1,027 37,053 16,884 3,174 20,058 19,222 836 On November 21, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,106 million, an increase of $19 million for the week and an increase of $1,306 million from the comparable date a year ago. CONSOLIDATED STATEMENT Op CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions o t dollars) Nov. 21, 1962 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 14,470 1,238 15,708 Change since Nov. 22, Nov. 14, 1961 1962 17 + + 5 22 - 1,125 + 120 - 1,005 * Cash Discounts and advances Acceptances--Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Toted bought outright Held under repurchase agreement Total U. S. Government securities (331) 323 139 35 10 31 1 2,323 13,185 66 + 3,658 -3,298 «» 350 • “1 5 124 10,626 3,933 30,067 124 30,191 30,365 Toted loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal"~Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES ( 1, 1 5 3 ) + - 1,099 +11,493 - 9,266, + 241 + 1,369 61 1/36H 100 + 1,065 453 + 105 ... (1.484) 53,058 238. 5 V 6 ,1 7 6 381 35 - 264 "301 98O 6 + 216 +\1,21$ (331) 29,744 + 191 + 1,302 16,884 + 469 157 20 63 229 + + - 466 133 1 48 550 139 2 " 2B 3 + 368 310 213 262 177669 (1,153) ^,132 ____76 (1.484) 51,621 C A P I T A L A C C O U N T S 464 Capital~paid in~ 888 Surplus 85 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,484) 53,058 — - + 1 + 1,119 18 31 71 6 •f 301 + 1,215 - - + + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - .2$ - 2.7# 32.9$ lowing pages--not consolidated) Contingent liability on acceptances purchased 24 88 + 5 for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating processj _____see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 21, 1962 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. Discounts and advances 128 11 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 Total 139 Acceptances 11 24 35 S . G o v e rn m e n t s e c u r i t i e s Holdings 575 5,041 11,957 10,627 1,884 207 30,191 Changes during week -3,i 87 +3,483 56 + 344 - 516 + 68 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 21, 1962 H.4.1(b) Total Boston Phila delphia New York Cleve land Rich mond Dallas San Fran cisco 52 599 38 1,891 134 342 654 “ 637 2,025 St. Louis Minne apolis Kansas City 314 28 602 222 2,610 5TT“ 609 51 660 Atlanta Chicago (in millions of dollLars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves xk-Mo 770 1,238 69 ”157705“--- S3T 3,502 1,176 794 105 296 74 “37795----ggg— ~I728T F. R. notes of other Banks Other cash 331 323 20 24 92 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 139 3,933 “30,'6Ff'124 17526- Total U. S. Government securities 30;191 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 1,020 97 — 17irr 805 2,388 72 51 33 20 10 24 21 22 37 26 22 58 9 17 27 11 15 10 14 12 31 48 3 5 1 7 3 10 52 * * 23 9 26 35 -- 35 — —- —*• **"" 2,323 13,185 118 669 574 128 2,232 393 2,624 94 536 432 1,695 539 259 1,980 272 219 81 620 101 1,108 127 720 48 3,256 — 10,626 -- 1,843 -- '5,090 — 1,980 1,643 5,090 1,201 620 l,3ll 1,222 3,865 2,534 1,983 1,653 5,142 1,201 620 1,334 1,231 3,891 452 586 7 36 480 14 315 6 14 224 4 9 382 7 13 21 1,220 24 57 292 3 21 531 5 21 18 842 11 50 3,055 4,478 3,700 3,108 9,133 2,222 1,237 2,4l8 2,217 6,898 727 585 21.7 97.1. 77425" " 17657" 124 -- 893 331 2,527 -- 1,526 7,549 1,657 2,527 30,365 1,529 7,589 1,658 7,329 514 3 19 1,491 8 99 2,948 13,128 105 381 54,542 200 299 93 527 424 157 1,201 — 195 153 868 700 — 581 215 1,799 666 575 464 171 160 1,366 l,3H -- 1,222 -- 505 3 >865 -- 16 *Less than $500,000. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 21, 1962 Phila delphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES St. Louis Minne apolis Kansas City Total Boston 30,075 1,766 7,027 1,839 2,630 2,489 1,755 5,^73 1,269 567 1,207 16,884 310 213 262 695 4,516 6i 1/63 1,186 36 2,463 23 29 2 627 25 7 1 437 19 5 * 17,669 723 4,848 774 19 2 1,243 753 44 9 2 875 208 742 20 12 * 2, 517 660 46l 835 23 9 1 868 33 11 l 1, Oil 5,285 388 846 356 76 3 53,105 1 2,880 19 12,740 5 2,974 4,345 464 888 85 22 42 4 125 243 20 26 43 51 4 83 54,542 2,948 13,128 88 4 2/24 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 Rich Atlanta Chicago mond land (In millions of do.Liars ) New York 18 10 * 5 Dallas San Fran cisco 885 3,168 966 2,789 3 28 44 2,864 808 11 1 892 465 330 379 926 241 174 279 236 665 7 5 3,632 4 13 3 2 3 3 9 3,030 8,929 2,173 1,204 2,357 2,135 6,706 25 47 6 65 124 15 16 7 22 40 6 31 2 11 20 2 3,055 4,478 3,700 3,108 9,133 2,222 1,237 2,4l8 2,217 6,898 5 8 4 5 12 3 2 4 5 12 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on accept ances purchased for foreign correspondents 20 27 50 37 4 ______ 5> 62 120 10 FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 31,298 1,818 7,313 1,894 2,776 2,591 1,827 5,605 1,320 654 1,247 947 3,306 480 7,735 -24 24,524 1,415 1,600 720 770 485 1,400 350 130 320 215 800 -- 23 - “ 6,000 465 1 1,500 2,100 1,844 I5JL- 2,700 32,283 1,895 7,600 1,966 2,820 2,6l4 970 3,500 -- -- -- 2/ After deducting $ 64 million participations of other Federal Reserve Banks. * -- l, 4oo 4,300 1,010 550 950 1,885 5,700 1,360 680 1,293 * Less than $500,000. ——
@FedFRASER