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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For im e d ia te re le a se October 25, 1962 The average of d a ily fig u re s of t o t a l member bank re se rv e s held during the week ended October 24 in creased $68 m illio n to $20,371 m illio n . Estim ated currency and coin o f member banks in creased $37 m illio n and t h e ir re se rv e balances a t the F e d e ra l Reserve Banks in creased $31 m illio n . Estim ated required reserv es in creased $69 m illio n ; and estim ated excess re se rv e s decreased $1 m illio n to $483 m illio n . Excess re se rv e s exceeded member bank borrowings a t the F ed eral Reserve Banks by $427 m illio n , compared w ith the re v ise d fig u re of $413 m illio n the week b e fo re . The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $450 million in Federal Reserve float and decreases of $l4l million in currency in circulation, $33 million in "other" F . R. accounts (n e t ) , and $21 m illio n in "o th er" d ep osits with F e d e ra l Reserve Banks. The p rin c ip a l o f f s e t t i n g changes were decreases o f $454 m illio n in U. S. Government s e c u r i t i e s bought o u trig h t and $95 m illio n held under repurchase agreement, and an in cre a se o f $39 m illio n in Treasury dep osits with F ed eral Reserve Banks. T o ta l Reserve Bank c r e d it decreased $113 m illio n . As of Wednesday, October 24, holdings of U. S. Government securities bought outright were $360 million lower than a week earlier and member bank borrowings were $16 million lower. Member bank reserves, Reserve Bank credit, and related items Averages of daily figures Week ended Change from week ended Oct. 24, Oct. 25, Oct. 17, Wednesday, Oct. 24, 1962 1962 1962 1961 (]En 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) * October 17 figure revised. 29,931 -35 -454 - 95 + 1 +2,140 28 3 29,833 -34 56 ll - 15 -+450 -113 - 15 -- + 1 + 9 + 453 +2,572 -1,250 145 -129 +1,300 -l4l + l* + 39 - 3 - 21 - 33 -159 + 1,266 16 + 33 38 + 47 - 307 + 985 + 31 + 37 + 68 + 69 - l + + + + 2,083 32,116 16,052 5,551 53,718 34,115 398 519 211 315 684 36,242 17,476 2,895 20,371 19,888 ^83 21 314 232 5i 6 611 65 11 1,524 31,547 16,018 5,-552 53,117 34,043 410 495 217 297 688 36,150 16,967 3,183 20,150 19,861 289 On October 24, 1962, U. S. Government s e c u r itie s held in custody by t-he F ed eral Reserve Banks f o r fo reig n account were $7,171 m illio n , an in cre a se of $92 m illio n f o r the week and an in cre a se o f $1,022 m illio n from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Oct. 1962 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities L I A B I L I T I E S Federal Reserve notes Deposits: Member "bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES __ Change since Oct. 25, Oct. 17, 1962 1961 - 52 1* 56 -1,1*10 + 116 '-i;29'I* + - 1 16 - Ik, 526 - 15,73** 368 1,208 •X* (1*76) 156 3** 2,258 - 360 29,833 -29,833 - 360 - 655 +7,893 -5,81*5 + 535 +1,928 52 + 1,876 30,023 - 376 +1,781 9, 51*2 - - - -- k ,l3 l (1,157) 36 92 3 — 13,902 Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 2k, 5,235 106 718 (1,633) 52,181* 360 — -1,079 + • - 559 l* + 11 -l, i*99 + 1*08 +1,i*li* (476) 28,985 - ikk +1,237 16,967 1*95 + + - 528 16 + + - 217 (**) 297 (**) 17,976 (1,157) 3,711 ____72 (1,633) 5 0 , 7 ^ C A P I T A L A C C O U N T S Capital paid in U63 888 Surplus Other capital, accounts 89 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,633) 52,18** - ll 25 526 8l*o 7 -1,517 + 1 -+ 17 -l, i*99 2l*2 111 25 21 135 + 2ll+ + 2 +1,318 + + 30 71 5 +1,i*li* Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages--not consolidated) 33«2$ + «3$ ~ 3*6$ Contingent liability on acceptances purchased for foreign correspondents 68 -51 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages.____________ _ MATURITY DISTRIBUTION OF LOAHS AND SECURITIES, OCTOBER 2 k , 19.62 (Acceptances and securities held 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 - 56 388 8 ll*2 Within 15 days -ll*l* i*,6oo 26 ll* 16 days to 90 days -160 — — 12,131* 91 days to 1 year — 10,183 Over 1 year to 5 years — 2, 325 Over 5 years to 10 years --203 Over 10 years 73S0 Total 29,833 35 155 http://fraser.stlouisfed.org/ ** Less than $500,000. Federal Reserve Bank of St. Louis STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 24, 1962 H.4.l(b) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Dallas San Fran cisco 631 52 553 600 1,861 38 635“ 1,986 13 21 11 14 51 58 n 36 Minne apolis Kansas City 296 (In millions of do]Liars) A S S E T S 3,544 1,208 728 69 15,734 797 3,631 F. R. notes of other Banks Other cash 476 368 38 27 132 6l 61 22 18 28 30 23 44 31 27 64 12 17 12 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 156 3 24 2 11 17 12 29 * * n 34 -- 34 — -- — — — -- —— 2,258 111 147 123 9,542 13,902 4.ru 469 620 520 904 757 225 89 378 550 163 99 415 29,833 203 1,466 -- 563 2,383 3,472 1.032 7,450 -- Total U. S. Government securities 29.833 1.466 7.450 Total loans and securities 30,023 1,469 6,392 1C6 718 53,817 Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash items in process of collection Bank premises Other assets TOTAL ASSETS 14,526 683 287 790 72 852“ — 122 519 756 225 1,176 104 1,027 95 1,286 “ 1,122 190 802 1,168 347 2,507 -- 268 819 72 891“ 2,450 214 2,664 382 1,616 604 51 553— 29 29 2,355 700 5,053 -- 1,180 -• 46 191 279 83 599 -- 125 **“ 294 1,243 1,299 92 386 562 167 1,207 605 180 1,811 538 3,866 1,939 -- 1,625 1,622 2,507 _!,_939 1,625 5,053 1,180 599 1,299 1,207 3,886 7,508 1,624 2,518 1,956 1,637 5,082 1,180 599 1,310 1,218 3,922 475 3 36 l,24l 9 187 365 3 502 455 1,047 24 288 6 219 4 696 11 110 27 16 327 7 31 291 13 4o 7 64 486 5 38 35 95 2,845 12,969 2,977 4,417 3,660 9,018 2,185 1,204 2,382 2,230 6,819 1,622 -- — l4 ..,32_ 3,H1 * L e s s t h a n $ 5 0 0 ,0 0 0 . 2,557 F. R. notes outstanding 7,165 1,868 2 } j k k 30,831 1,791 C o llateral for F. R. notes: 720 bG 5 755 7,810 i+80 1,600 Gold c e rtific a te account -l 12 E ligib le paper 5,800 1,500 2,100 1,82k 2 b , 059 1,370 U* S. Government secu rities 7,kCO 1,966 2,820 2,579 31,881 1,850 Total co lla te ra l l ) A fter deducting $15k m illion participations of other Federal Reserve "Dm Banks. 2/ A fter deducting $ b9 m illion participations of other Federal Reserve Banks. 1,778 5,533 1,309 656 1,239 932 3,259 J+85 1,kCO 3k0 130 900 —- 320 11 215 — 1,010 1,350 550 680 950 755 970 2. 500 1,281 -- 1,kCO 1,885 -- k,300 5,700 * Less than $500,000 3,kco
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