h41_19630620.pdf
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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 20, 1963 The average of daily figures of total member bank reserves held during the week ended June 19 increased $336 million to $19,76*1- million. Estimated currency and coin of member banks increased $110 million and their reserve balances at the Federal Reserve Banks increased $226 million. Estimated required reserves increased $252 million; and estimated excess reserves increased $84 million to $502 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $218 million, compared with the revised figure of $170 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $471 million in Federal Reserve float and $36 mil- lion in member bank borrowings, and a decrease of $45 million in "other" F. R. accounts (net). The principal offsetting changes were a decrease of $269 million in U. S. Government securities bought outright and increases of $33 million in currency in circulation and $32 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $237 million. As of Wednesday, June 19, holdings of U. S. Government securities bought outright were $205 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $99 million higher, and member bank borrowings were $499 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 19, June 12, June 20, June 19, and related items 1963 1963 1962 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities— 31, 3^0 Bought outright— System account 31,244 -269 +1J 888 Held under repurchase agreement 73 - 1 - 4 246 Acceptances-- 4o Bought outright ^3 -- + 11 Held under repurchase agreement 1 + 1 + 1 5 Discounts and advances-- 75**- Member bank borrowings 284 + 36 160 Other - - - 1 - 56 -- Float 1,853 +471 -f 74 1,684 Total Reserve Bank credit 33, ^98 +237 +2, ,075 3^069 Gold stock 15,796 + 1 - 636 15,798 Treasury currency outstanding 5,582 + 1 - 22 5,582 54,877 +238 ' +1; 557W Currency in circulation 35,331 + 33 +1. ,677 35,339 Treasury cash holdings 4o4 + 2 + 4 4io Treasury deposits with F. R. Banks 781 + 7 + 272 873 Foreign deposits with F. R. Banks 202 - 16 - 72 167 Other deposits with F. R. Banks 237 + 32 - ICO 242 Other F. R. accounts (net) 1, 111 - 45 -f 115 1,122 38, o64 + 12 +1 ,895 38,153 Member bank reserves: With Federal Reserve Banks 16,813 +226 - 478 17,297 Currency and coin (estimated) 2,951 +110 + 204 3,232 Total reserves held 19,764 h336 - 275 20, 529 Required reserves (estimated) 19,262 +252 - 306 19,51^ Excess reserves (estimated) 502 + 84 + 32 1,015 On June 19, 1963, U. S. Government securities held in custody by the Fed- eral Reserve Banks for fore.ign account were $8,054 million, an increase of $69 mil- lion for the week and an increase of $2,174 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Transcript of h41_19630620.pdf
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F E D E R A L R E S E R V EFactors Affecting Bank Reserves andCondition Statement of F.R. Banks For immediate releaseJune 20, 1963
The average of daily figures of total member bank reserves held during the week ended June 19 increased $336 million to $19,76*1- million. Estimated currency and coin of member banks increased $110 million and their reserve balances at the Federal Reserve Banks increased $226 million. Estimated required reserves increased $252 million; and estimated excess reserves increased $84 million to $502 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $218 million, compared with the revised figure of $170 million the week before.
The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $471 million in Federal Reserve float and $36 million in member bank borrowings, and a decrease of $45 million in "other" F. R. accounts (net). The principal offsetting changes were a decrease of $269 million in U. S. Government securities bought outright and increases of $33 million in currency in circulation and $32 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $237 million.
As of Wednesday, June 19, holdings of U. S. Government securities bought outright were $205 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $99 million higher, and member bank borrowings were $499 million higher.
Averages of daily figuresMember bank reserves, Week ended Change from week ended Wednesday,Reserve Bank credit, June 19, June 12, June 20, June 19,and related items 1963 1963 1962 1963
(In millions of dollars)Reserve Bank credit:U. S. Government securities
3 1 ,3^0Bought outright System account 31 ,244 -269 +1J 888Held under repurchase agreement 73 - 1 - 4 246Acceptances--
4oBought outright ^3 -- + 11Held under repurchase agreement 1 + 1 + 1 5Discounts and advances--
75**-Member bank borrowings 284 + 36 160Other - - - 1 - 56 --
Float 1 ,8 5 3 +471 -f 74 1 ,684Total Reserve Bank credit 33, ^98 +237 +2,,075 3^069Gold stock 15 ,796 + 1 - 636 15 ,798Treasury currency outstanding 5 ,582 + 1 - 22 5 ,582
54,877 +238' +1; 5 5 7 WCurrency in circulation 35 ,331 + 33 +1.,677 35,339Treasury cash holdings 4o4 + 2 + 4 4ioTreasury deposits with F. R. Banks 781 + 7 + 272 873Foreign deposits with F. R. Banks 202 - 16 - 72 167Other deposits with F. R. Banks 237 + 32 - ICO 242Other F. R. accounts (net) 1, 111 - 45 -f 115 1,122
38, o64 + 12 +1 ,895 38,153Member bank reserves:With Federal Reserve Banks 16,813 +226 - 478 17,297Currency and coin (estimated) 2,951 +110 + 204 3,232Total reserves held 19 ,764 h336 - 275 20, 529Required reserves (estimated) 19,262 +252 - 306 19,51^Excess reserves (estimated) 502 + 84 + 32 1,015
On June 19, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for fore.ign account were $8,054 million, an increase of $69 million for the week and an increase of $2,174 million from the comparable date a year ago.Digitized for FRASER http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
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H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS (In millions of dollars)
A S S E T SGold certificate account Redemption fund for F. R. notes Total gold certificate reserves
CashDiscounts and advances Acceptances:Bought outrightHeld under repurchase agreement
U. S. Government securities:Bought outright--
BillsCertificates Notes Bonds
Total bought outright Held under repurchase agreement
Total U. S. Government securitiesTotal loans and securities
Cash items in process of collection Bank premises Other assets
TOTAL ASSETSL 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 depositsDeferred availability cash items Other liabilities and accrued dividends
TOTAL LIABILITIESC A P I T A L A C C O U N T S
Capital paid in SurplusOther capital accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
June 19,1963
14,2271,28715,514
(324) 348754
405
2,806 14,443
9,699_4,3923l735o
24631,55532,385
6,909 102
___345(1,66i) 55,603
(324) 30,230
(1,337)
(**)(**)
(1,337)(1,661)
17,297873167242
187579
5,22581
557n5
481 934 73
(l,66l) 55,603
Change since
31.
