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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release September 20, 1962 H.4.1 The average of daily figures of total member bank reserves held during the week ended September 19 increased $178 million to $20,129 million. Estimated currency and coin of member banks increased $70 million and their reserve balances at the Federal Reserve Banks increased $108 million. Estimated required reserves increased $192 million; and estimated excess reserves decreased ^ $1$ million to $5l4 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $489 million, compared with the revised figure of $451 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks vere an increase of $73& million in Federal Reserve^float,^an ^ decreases of $122 million in currency in circulation and $65 million m ^other F. R. accounts (net). The principal offsetting changes^ere decreases of^ $521 million in U. S. Government securities bought outright and $127 million^held under repurchase agreement, $52 million in member bank borrowings, and $26 million in gold stock, and an increase of $76 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $34 million. As of Wednesday, September 19; 1962, holdings of U. S. Government securities bought outright were $528 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $71 million lower, and member bank borrowings were $106 million lower. 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 Sept. 20, Sept. 12, Sept. 19, 1961 1962 1962 [n millions of dollars; 29,748 -35 -521 -127 +2,428 Wednesday, Sept.19, 1962 29,668 ±u 1 34 - 52 - 1 +736 + 3^ - 26 - 6 + 4 19 + 10 + 293 +2,704 -1,384 58 -122 - 2 + 76 + 18 + 1,270 23 + 13 - 9 - 65 mss + 2,856 20,129 19,615 +108 + 70 +178 +192 514 - 14 + + + + - 25 11 2,136 31;955 16,067 5,544 5375^7 3^;0^5 390 579 222 284 774 36,294 17;273 — + 10 +1,310 60 29 274 897 11 2,112 31,883 16,068 5,545 53A 96 33,960 4o4 583 228 292 773 36,240 412 244 17,256 656 709 20,378 19,770 53 3,122 608 On September 19, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,674 million, an increase of $139 million for the week and an increase of $758 million from the comparable date a year ago. CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDEEAL RESEKVE BANKS (in millions of dollars) H.4.1(a) Sept. 19, I962 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 1962 1961 1 14, 596 l, 203 - 15/799 • 1 379 69 34 + - 106 (484) -- 14 -- -1,515 + 134 -1,381 + 29 134 1 29,668 - 528 71 599 - 281 +7,917 -5,867 + 491 +2,260 70 +2,190 29,771 - 705 +2,057 526 --- 2, 406 9,538 13,772 3,952 29,668 -- Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Sept. 12, Sept. 207 (1,266) 6,992 107 612 (1,750) 53,660 +1,634 — + 19 + 961 + 799 3 + 385 +1,828 28,929 - 169 +1,253 17,256 583 + - 133 44 + + 103 24 4l (#*) 292 (**) 18,359 + + + 29 (484) 10 228 (l, 266) 4,880 + 67 - (1,750) 52,235 C A P I T A L A C C O U N T S 46l Capital paid in 888 Surplus 76 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACC 0UNTS( 1,750 ) 53,660 17 116 + 417 + 3 +1,730 999 5 + "IPa + + -+ 4* 57 20 961 29 71 2 +1,828" Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the fol- 3 -9clo lowing pages--not consolidated) 33*17° Contingent liability on acceptances purchased 58 1 68 for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages.____________ MATURITY PISTEIBUTION OF LOANS AND SECURITIES, SEPTEMBER 19, 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 Digitized** for FRASER Less than $500,000. 56 13 Acceptances 8 26 U. S. Government securities Changes Holdings during week 5U1 -181 4,720 + 68 11,971 -486 9,987 59 35 2,253 196 29/5SB + - 20 20 -599 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19, 1962 H. 4. 1 (b) Total Boston New York Phila delphia Cleve land Rich mond Atlanta Chicago St. Louis Minneapolis Kansas City San Fran cisco Dallas (In millions of dollars) A S S E T S Sold certificate account Redemption fund for F. R. notes Total gold certificate reserves 14,596 1,203 15,799 691 760 4,017 481)379 47 116 69 69 3,736 281 46 29 31 65 13 19 30 3 5 29 1 * —— ** 156 129 3 1 5 34 —- 34 2,4o6 9,538 13,772 3,952 125 495 137 544 716 596 2,364 3,413 801 1,157 332 895 257 7,353 «.— 1,693 •> ■» 205 1,541 _ — 786 226 620 2,493 _- Total U. S. Government securities 29.668 1.541 7.353 1.693 Total loans and securities 29,771 1,546 7,390 1,694 8,258 107 612 562 3 32 1,757 9 159 505 3 35 55,4-10 2,976 13,518 3,123 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 980 47 67J ” 26 5 29,668 626 29 314 30 23 Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 285 50 833 73 70 26 610 215 §U£~- '2,743 958 99 1,057 18 28 F. R. notes of other Banks Other cash 2,528 730 1,189 104 73 5 o 3 ~ 1,293 60 203 1,928 512 739 212 660 12 17 2 105 415 386 97 306 1,216 557 1,755 504 "" 4o8 2,333 95 378 545 -- 1,174 -- 1,616 669 5,026 156 49 191 276 79 595 -- 600 172 1,292 160 1,200 -- -- 1.592 5.026 2,498 1,931 1,597 5,055 1,175 595 1,299 686 8 627 1,367 551 24 14 33 ___ ___93 318 6 22 230 381 4 14 26 9,378 2,213 1,199 2,415 3,176 58 8 1,928 3,710 18 7 2.493 4,585 ' 1,946' 56 -- 5 34 627 13 12 1,592 ... 54 1,821 125 589 38 .1,174.,,. ..,-,.,5.95— - I . v 29.2_ J 3,781 -- 1.200 -3,-m- 1,208 3,783 311 13 .30... 2,220 963 11 80 6,897 *Less than $500,000. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19, 1962 H.l.l(c) Total Boston New York Phila delphia Deferred availability cash items Other liabilities and accrued dividends TO TA L L IA B IL IT IE S Rich mond Atlanta Chicago St. Louis Minne apolis Kansas City Dallas San Fran cisco (In millions of dollars) 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 Cleve land 29,113 1,733 6,792 1,813 2,591 2,127 1,698 5,372 1,2ll 568 1, 20l 87I 3,100 17,256 583 228 292 18,359 681 29 1,719 1,295 7ll 887 37 2,629 630 392 816 10 1 721 771 33 13 2,718 90 30 18 5,133 6,116 119 1,192 67 53,985 3 2,909 17 13,131 16l 888 22 12 121 2I3 76 3 17 1 55,110 2,976 13 ,518 68 3 2/19 .U5 1/68 231 11 21 1 35 10 1 1 821“ 1,361 lol 196 1 3,0l2 5 1,153 12 1 68 31 2 793 937 2,730 I18 160 1,063 I23 873 968 2! 12 1 1,005 173 275 257 2,886 712 3 2,139 8 6,706 26 62 2,220 6,897 26 35 7 5 * 1 673 2I7 17 9 1 1 1 11 3 3,612 3,099 9,176 2,161 2 1,166 3 2,355 22 12l 65 16 11 20 2 19 37 2,213 _1,199 2,115 C A P IT A L ACCO UN TS Capital paid in Surplus Other capital accounts T O T A L L I A B I L I T I E S AND C A P IT A L ACCO UN TS Contingent liability on accept ances purchased for foreign correspondents 26 6 6 25 17 5 3,123 1,585 3,710 3,176 9,378 1 6 3 1 9 2 2 3 l, 212 51 13 83 lo F E D E R A L RESERVE A G E N T S ' F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1 / A f t e r d e d u c t i n g $ l6 0 m i l l i o n 2/ A f t e r d e d u c tin g $ I r .iillio n 9 13 31 2 1,787 7,070 1,876 2,7l9 2,527 1,760 5,196 1,307 661 7,755 180 1,600 165 720 710 185 1,100 3l0 130 23.895 1.^90 1,965 2.100 2,820 -- 31,658 1,870 p a r tic ip a tio n s p a r tic ip a tio n s -- 5.600 7,200 * 1.500 — — 1.830 2, 5l0 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 . 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 . 1 1 ___ 2_ ACCO UN TS 30,679 8 120 50 5 _____ 2 — 1.100 1,885 — 1. 300 5,700 1 1,010 .1,351 * — 560 690 310 7 950 . 1,267 939 3,262 215 900 — — 755 2.500 970 3, lOO L e s s t h a n $ 5 0 0 ,0 0 0 .
@FedFRASER