The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release September 13, 1962 H.4.1 The average of daily figures of total member bank reserves held during the week ended September 12 increased $74 million to $19,915 million. Estimated currency and coin of member banks increased $52 million and their reserve balances at the Federal Reserve Banks increased $22 million. Estimated required reserves decreased $l6 million; and estimated excess reserves increased $90 million to $513 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $436 million, compared with the revised figure of $329 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $266 million in Federal Reserve float, and decreases of $27 million "other" F.R. accounts (net), $23 million in Treasury cash holdings, and $22 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were increases of $201 million in currency in circulation, $44 million in Treasury deposits with Federal Reserve Banks, and $29 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $236 million. As of bought outright securities held bank borrowings Wednesday, September 12, holdings of U. S. Government securities were $131 million lower than a week earlier, U. S. Government under repurchase agreement were $162 million lower, and member were $56 million higher. Member bank reserves, Reserve Bank credit, and related items Reservd Bank credit: U. S; Govefttment securities-Bought outright--Syfetem 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 re serves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Sept. 13, Sept. 5, Sept. 12, i96i 1962 . 1962 [n millions Of dollars) (] 30,269 127 35 + - 5 21 30,196 71 34 164 1,477 31,953 34,146 396 1,400 31,921 16,093 5,550 53,563 +266 + 2jb - 5 - 6 +224 34,167 392 503 204 +201 +1,331 12 293 839 36,398 17,165 2,750 19,915 19,402 513 - 17 + 1 - 23 + 44 + 29 - 22 - 27 1962 +2,466 + 127 + 1 + 50 + 11 + 214 +2,869 -1,358 3 +1,507 77 Wednesday, Sept. 12, 22 11 16,068 5,541 53,562 + - 34 71 627 218 +202 + 249 997 275 777 36,439 + 22 + 52 + 74 - 16 + 90 + + + + - 510 17,123 26 207 717 793 76 3,088 20,211 19,525 686 On September 12, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,535 million, an increase of $83 million for the week and an increase of $582 million from the comparable date a year ago. H . 1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Sept. 12, A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Change since Sept. 13 Sept. 5, 1962 1962 1961 l4, 597 1,203 - 12 - 5 - 17 -1,520 + 137 -1,383 15,600 7v Cash Discounts and advances Acceptances— Bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Bought outright Held under repurchase agreement Total U. S. Government securities (422) L I A B I L I T I E S Federal Reserve notes Deposits: Member Bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 2 56 -- + + 27 143 1 2,934 9,538 13,772 3,952 30,196 71 30,267 -131 -— --131 -l62 -293 + 169 +7,855 -6,050 + 4i6 42,390 + 71 +2,461 30,476 -237 +2,605 5,358 107 593 (1,43*0 52,699 +907 -+ 17 +668 348 3 + 372 +1,912 29,098 + 14 +1,294 17,123 627 - 34 +173 + 4i - 35 +145 + + - 290 167 + 346 +566 + 181 + 6 +1,821 Total leans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS + 365 175 34 (1,012) (422) 218 (**) 275 (**) 18,243 (1,012) 3,881 + 72 (1,434) 51729^ l +726 C A P I T A L A C C O U N T S 46l Capital paid in 888 Surplus 56 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCCUNTS(l, 434) 52,699 + l -- 59 +668 + 71 k6 + + 30 71 10 +1,912 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the fol - 4.2$ -.1# lowing pages--not consolidated) 33.1# Contingent liability on acceptances purchased - 1 63 for foreign correspondents 69 * Figures in parentheses are the eliminations made in the consolidating process; __ see comparahle figures on combined "basis on the following pages♦___________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 12, 1962 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances 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 ** Less than $500,000. 162 Acceptances 13 7 27 - - - - - - ---- - - - 175 34 U. S. Government securities Changes during week Holdings 722 4,652 12,457 9,987 2,233 216 30, 267 83 -111 - - 99 -— --293 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 12, 1962 Total Boston .... . . New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City [ San Fran cisco Dallas (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 14,597 1,203 725 15,800 7W~ 69 3,627 282 3,909 102 730 73 1,198 102 803 1,300 966 799 73 2,547 99 1,065 872 2,763 28 652 384 47 699 591 38 529 1,820 126 1,946 62 10 18 29 17 67 46 29 11 17 13 37 51 62 2 1 4 2 63 5 * 3 8 22 — a» — — «■ Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 175 3 3^ mm mm 34 2,934 9,538 13,772 3,952 30,196 71 153 495 727 2,364 3,413 205 1,569 -- 980 786 226 7,484 71 1,723 -- 1,157 332 2,537 — Total U. S. Government securities 30,267 1,569 7,555 1,723 2,537 1,962 Total loans and securities 30,476 1,572 7,651 1,725 2,538 6,370 107 593 438 3 31 1,229 9 154 379 3 34 509 54,133 2,910 1..... 13,121 3,017 336 30 24 45 27 TOTAL ASSETS 50 13 30 422 365 Cash items in process of collection Bank premises Other assets 606 21 F. R. notes of other Banks Other cash 716 216 52 mm mm 167 544 247 801 190 620 157 512 739 24 493 1,601 2,312 663 5,069 — 1,620 1,966 895 257 212 1,620 12 __» 116 378 545 156 V 59 191 274 128 415 600 172 118 386 557 160 1,221 — 379 1,231 1,778 510 _ 3,898 -- 1,195 — 79 603 -- 1,315 -- 5,069 1,195 603 1,315 1,221 3,898 1,622 5,132 1,200 603 1,318 1,229 3,920 488 14 33 1,003 24 89 282 6 22 205 4 14 313 7 265 755 26 13 29 11 53 504 5 31 77 4,451 3,625 3,104 9,097 2,194 1,231 2,391 2,195 6,797 8 1,962 — — -- *Less than $500,000. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 12, 1962 ■ ;.4.1(c) Total New York Boston Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco 1,211 878 3,137 (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. T re a su re r-g e n e ra l acco u n t Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL L I A B I L I T I E S 29, 520 1,7^1 6,802 1,818 2, 598 2,429 17,123 627 694 33 9 4,724 .91 1/77 739 49 1,247 45 275 i8,2liT 737 5,104 4,893 363 817 72 52,728 3 2,844 461 22 218 1 1,706 5,384 1,245 571 882 2,597 632 78 27 954 43 2,699 78 676 11 1 925 8 2 883 26 2 2,704 37 7 * 428 33 5 * 466 797 76 1,3H 730 33 9 4 776 1,009 315 4o6 350 394 799 222 160 235 225 18 4 6 4 3 ll 3 12,741 2,937 4,321 3,028 8,898 2,l46 26 51 3 43 83 4 212 11 1 8o o “ 18 1 3,559 31 10 2 1 _____ 3 _ 1,198 2,332 _____ 2,852 607 3 2,115 _____!3_ 26 62 120 ______ 6_ 6,609 C A P IT A L ACCOUNTS Capital paid in Surplus Other capital accounts 11 20 2 25 47 4 65 124 16 42 2 54,133 2,910 13,121 3,017 4,451 3,625 3,104 9,097 2,194 1,231 69 3 2/19 4 6 3 4 10 2 2 TOTAL L I A B I L I T I E S AND Contingent liability on accept ances purchased for foreign correspondents____________ 10 31 l 40 4 56 888 C A PIT A L ACCOUNTS 22 124 243 13 19 37 3_ 2, 391 _____ 1 _ 50 4 2,195 4 6,797 ______ 2_ FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U . S. Government securities f t i U C i U C U U L 1,795 7,051 1,877 2,746 2,528 1,765 5,509 1,302 660 1,243 7,785 480 1,600 465 720 740 -- 130 1.^90 2.100 2,820 1.820 2, 560 — 4. 300 340 5 23.885 485 -1.400 1,4oo -- 1.010 1,885 5,700 1,355 900 310 215 -— 3 950— ___ 7-55— __2,,-5IXL 3,400 970 1,263 9 .- 5,600 7,200 31,679 1,870 Total collateral 2/ After deducting $ 30,686 i.UO--L.JL_ JL V-U.J. 50 million v x w 1 1.500 1,966 ---------------------------------------- participations of other Federal Reserve Banks. -- 560 690 * 945 Less than $500,000. 3,265
@FedFRASER