H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R A L R E S E R V E Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release H.4.1 April 19, 1962 The average of daily figures of total member bank reserves held during the week ended April 18 increased a net of $l62 million to $19;669 million. Estimated currency and coin of member banks increased $187 million and their reserve balances at the Federal Reserve Banks decreased $25 million. Estimated required reserves increased $114 million; and estimated excess reserves increased $48. million to ip^J-91 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4l6 million, compared with the revised figure of $383 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $177 million in U. S. Government securities bought outright and $74 million held under repurchase agreement, and $24 million in gold stock, and increases of $82 million in currency in circulation and $37 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $256 million in Federal Reserve float, and decreases of $48 million in foreign deposits with Federal Reserve Banks and $70 million in "other” F. R. accounts (net). Total Reserve Bank credit increased $19 million. As of Wednesday, April 18, holdings of U. S. Government securities bought outright were $109 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $203 million lower, and member bank borrowings were $11 million lower. Averages of daily figures Member bank reserves, Week ended Change fro^i week ended Wednesday, Reserve Bank credit, Apr. 18, Apr. 11, Apr. 19, Apr. 18, and related items 1962 1962 1961 1962 TiCn millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright— System account 28,957 -177 +2,366 28,884 Held under repurchase agreement 73 - 74 + 63 -- Acceptances--bought outright 4o - 1 - 6 38 Discounts and advances— Member bank borrowings 75 + 15 + 31 251 Other 65 -- + 57 65 Float 1,412 +256 + 102 1,369 Total Reserve Bank credit 30,622 + 19 +2,,613 30,607 Gold stock 16,585 - 24 - 805 16,535 Treasury currency outstanding 5,584 - 5 + 170 5,583 52,791 - 10 +1,977 52,725 Currency in circulation 33,356 + 82 +1,376 33,332 Treasury cash holdings 425 - 7 + 14 433 Treasury deposits with F. R. Banks 480 + 22 + 56 508 Foreign deposits with F. R. Banks 204 - 48 + 32 206 Other deposits with F. R. Banks 364 + 37 + 55 357 Other F. R. accounts (net) 960 - 70 - 6 961 35,769 + 15 +1,527 35,797 Member bank reserves: With Federal Reserve Banks 17,002 - 25 + 450 16,928 Currency and coin (estimated) 2,667 +187 + 193 2,950 Total reserves held 19,669 +162 + 643 19,878 Required reserves (estimated) 19,178 +114 833 19,335 Excess reserves (estimated) 491 + 48 - 190 543 On April 18, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,686 million, a decrease of $4l million for the week and a decrease of $567 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In m illions of dollars) Change since Apr. 18, Apr. 11, Apr. 19, 1962 1962 1961 a s:.s ITS - 84 - 948 Gold certificate account 15,107 + 6 + 122 Redemption fund for F. R. notes 1,159. Total gold certificate reserves 157266 - 78 - 826 * Cash (390) 355 - 7 - 84 Discounts and advances 316 - 11 + 256 Acceptances— bought outright 38 - l 6 U. S. Government securities: Bought outright— Bills 2,888 -109 + 84l Certificates 4,972 -- - 215 Notes 16,933 -- + 512 Bonds 4,091 — +1,310 Total bought outright 28,864 -109 +2,445 Held under repurchase agreement -203 -- Total U. S. Government securities 287584 -312 +2,446 29,238 -324 +2,698 Total loans and securities Cash items in process of collection (1.226) 5,6o4 +998 + 6o4 Bank premises ic8 l Other assets 4n + 17 + i4o TOTAL ASSETS (1.616) 51,962 +666 +2,531 L I A B I L I T I E S Federal Reserve notes (390) 28,268 - 16 +1,229 Deposits: Member bank reserves 16,928 +128 + 577 U. S. Tresurer— general account 508 - 56 + 152 Foreign 206 - 54 6 Other ___351 - 8 6 Total deposits 17,999 + 10 + 717 Deferred availability cash items (1.226) 4,235 +660 + 453 Other liabilities and accrued dividends 76 — + 37 TOTAL LIABILITIES (1.616) 50,578 +654 +2,4f6 C A P I T A L A C C O U N T S Capital paid in 453 + 30 888 -- + 71 Surplus Other capital accounts 63 - 48 6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,6l6) 51,982 +666 +2,531 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) 34 / -•11° - 3-3# Contingent liability on acceptances purchased for foreign correspondents -1-02 52 * Figirr^F pa-rpnt.he.qea are the eliminations made in the consolidating process, see comparable figures on combined basis on the following pages.________ _ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 18, 1962 (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 advances Acceptances Holdings during week Within 15 days 253 11 526 -118 l6 days to 90 days 47 27 3,593 - 94 91 days to 1 year 16 11,779 -100 Over 1 year to 5 years 10,473 Over 5 years to 10 yea: ?s m - 2,247 DigitizedO vfoer FrR-A1S0.E Ry ears 2 66 http://fraser.stl T ou o is t fe a d l .org/ 3l8 35 28,664 -312 Federal Reserve Bank of St. Louis

H.4.l(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 18, 1962 Sea Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (In m illions of dol].ars) A S S E T S Gold certificate account 15,107 682 3.765 869 1,177 1,048 768 2,524 583 334 644 593 2,120 Redemption fund for F. R. notes -1,159. ___ 22 276 71 101 88 67 207' 50 27 49 37 114 Total gold certificate reselves 16,266 754 4,04l 940 1,278 1,136 835 2,731 633 361 693 630 2,234 F. R. notes of other Banks 390 14 123 20 21 16 65 27 10 18 15 22 39 Other cash 355 23 73 14 30 19 30 61 21 8 10 13 53 Discounts and advances 316 18 95 15 42 15 4 54 2 2 23 22 24 Acceptances: Bought outright 38 — 38 — — — — — « — U. S. Government securities: Bought outright— B ills 2,888 154 714 167 244 183 159 494 117 62 126 117 351 Certificates 4,972 265 1,230 287 422 315 273 850 200 106 217 202 605 Notes 16,933 901 4,188 978 1,436 1,072 931 2,893 683 363 738 688 2,062 Bonds j£*02l 218 1,011 237 .347 258 225 699 165 88 178 166 499 Total 28,884 1,538 7,143 1,669 2,449 1,828 1,588 47936 “ W 619 1,259 1,173 3,517 Held tinder repurchase agreement — — — ~~ -- -- - - Total U. S. Government securities 28,884 1,538 JM43 .1,669 2,449 1,828 1,588 4,936 1,165 619 1,259 1,173 3,517 Total loans and securities 29,238 1,556 7,276 1,684 2,491 1,843 1,592 4,990 1,167 621 1,282 1,195 3,541 Cash items in process of collection 6,830 479 1,392 442 552 479 516 1,075 274 186 360 286 789 Bank premises 108 3 9 3 8 5 14 24 7 5 6 13 11 Other assets 4ll 21 102 24 36 25 23 67 16 9 18 19 51 TOTAL ASSETS 53,598 2,850 13,016 3,127 4,4l6 3,523 3,075 8,975 2,128 1,208 2,384 2,178 6,718 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 18, 1962 San New Phila­ Cleve- Rich­ St. Minne- Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis City cisco (In millions of dollars) L I A B I L I T I E S Federal Reserve notes 28,658 1, 696 6,637 1,835 2,555 2,312 l, 636 5,£30 1, 229 587 1, l8l 824 2,936 Deposits: Member bank reserves 16,928 645 4,519 807 1,205 721 887 2,567 594 407 832 986 2,758 U.S. Treasurer-general account 508 18 99 25 26 4l 24 36 25 23 32 37 122 Foreign 206 9 1/61 11 19 9 11 28 7 5 8 11 27 Other 357 1 301 1 1 5 1 2 * * 2 1 42 Total deposits 17,999 673 4,980 844 1,251 776 923 2, 633 626 435 87S 1,035 2,949 Deferred availability cash items 5,461 4ll 1,000 363 473 365 437 901 221 151 267 236 636 Other liabilities and accrued dividends 76 k 19 5 6 5 4 12 3 3 3 3 9 TOTAL LIABILITIES 52,194 2,784 12,636 3,047 4,285 3,458 3,000 8,776 2, 079 1,176 2, 325 2,098 6,530 CAPITAL ACCOUNTS Capital paid in 453 21 123 26 42 21 24 64 16 10 19 26 61 Surplus 888 42 243 51 83 4o 47 124 31 20 37 50 120 Other capital accounts 63 .... 3 14 3 . 6 4 4 11 2 2 3 4 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,598 2,850 13,016 3,127 4,4l6 3,523 3,075 __8l975__ 2,123 1,208 2, 334 2,178 6,718 Contingent liability on accept­ ances purchased for foreign corre spondent s 102 5 2/28 6 10 5 5 i4 3 2 4 6 l4 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 29,873 1,747 “"6,947 1,856“ 2,695 2, 394 1, 709 5,35S~ 1,296 ■555" 1,219 885— 3,077 Collateral for F. R. notes: Gold certificate account 7,955 450 1,600 530 770 755 425 1, 400 340 160 310 215 1, 000 Eligible paper 31 -- -- 12 -- -- -- — * -- 19 -- -- U. S. Government securities 23,205 1,365 5,600 1,500 2,050 1,665 1, 400 4,100 1, 010 510 950 755 2,300 Total collateral 31,191 1,815 7, 200 2, 042 2, 820 2, 420 1,825 5, 380 1,350 670 1,279 970 3,300 1/ After deducting $l45 million participations of c-.•her Federal Reserve £s,nks. Digitize2d/ f orA FfRtAeSrE Rd educting $ Jb million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis