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 26, 1962 The average of daily figures of total member bank reserves held, during the week ended April 25 increased $167 million to $19;852 million. Estimated currency and coin of member banks increased $54 million and their reserve balances at the Federal Reserve Banks increased $113 million. Estimated required reserves increased $l4l million; and estimated excess reserves increased $26 million to $523 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $438 million compared with the revised figure of $422 million the week before. The principal changes supplying average reserfle balances with Federal Reserve Banks were increases of $78 m illion in U. S. Government securities held under repurchase agreement and $88 m illion in Federal Reserve flo at; and a decrease of $112 m illion in currency in circulation. The principal offsetting changes were decreases of $75 m illion in U. S. Government securities bought outright and $62 m illion in gold stock; and an increase of $38 m illion in Treasury deposits with Fed­ eral Reserve Banks. Total Reserve Bank credit increased $100 m illio n . As of Wednesday, April 25, holdings of U. S. Government securities bought outright were $16 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $94 million higher, and member bank borrowings were $34 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr:. .25, Apr. 18, Apr. 26, Apr. 25,' and related items 1962 1962 1961 1962 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 28,882 - 75 +2,493 28,868 Held under repurchase agreement 151 + 78 + 151 94 Acceptances-- Bought outright 3 Q ^ O - 2 6 37 Held under repurchase agreement 1 + 1 + 1 ■*' *" Discounts and advances-- Member bank borrowings 85 + 10 + 48 285 Other 65 -- + 60 65 Float 1,500 + 88 + 221 1,169 Total Reserve Bank credit 30,722 +100 +2,967 30,518 Gold stock 16,523 - 62 - 867 16,495 Treasury currency outstanding 5,586 + 2 + 169 5,587 5^BJ2 +~4I +2,270 52,606 Currency in circulation 33,244 -112 +1,437 33,135 Treasury cash holdings 428 + 3 + 14 431 Treasury deposits with F. R. Banks 518 + 38 + 144 551 Foreign deposits with F. R. Banks 209 + 5 + 15 220 Other deposits with F. R. Banks 354 - 10 + 56 315 Other F. R. accounts (net) 963 + 3 -- 955 357715 - 73 +1,666 35,607 Member bank reserves: + 6o4 With Federal Reserve Banks 17,115 +113 16,993 Currency and coin (estimated) 2,737 + 54 + 230 3,020 Total reserves held 19,852 +167 + 834 20,013 Required reserves (estimated) 19,329 +l4l +1,042 19,313 Excess reserves (estimated) 523 + 26 - 208 700 On April 25, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,643 million, a decrease of $43 Digitizmeid lfolr iFoRAnS EfRo r the week and a decrease of $534 million from the comparable date a year http://afragsoe.r.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Apr. 25, Apr. 18, Apr. 26, - 1962__ 1962 ..1961__ A S S E T S Gold certificate account 15,067 - 40 - 992 Redemption fund for F. R. notes 1,155 - 4 + 125 Total gold certificate reserves l6,222 - 44 7 887 Cash (455) 378 + 23 - 69 Discounts and advances 350 + 34 + 312 Acceptances--Bought outright 37 - l 6 U. S. Government securities: Bought outright— Bills 2,872 - 16 + 898 Certificates 4,972 — - 29 Note 8 16,933 — + 515 Bonds 4,091 «... +1,256 Total "bought outright 2^858 - 16 +2, 640 Held under repurchase agreement 94 + 94 + 94 Total U. S. Government securities 28,962 + 78 +2,735 Total leans and securities 29, 349 +111 +3,040 Cash items in process of collection (1,113) 5,082 -522 + 544 Bank premises 108 -- -- Other assets 430 + 19 + l4i TOTAL ASSETS (l, 568) 51,569 ■3+13 +2,789 L I A B I L I T I E S Federal Reserve notes (455) 28,084 -184 +1,176 Deposits: Member bank reserves 16,993 + 65 +1,093 U. S. Treasurer— general account 551 + 43 + 50 Foreign 220 + 14 12 Other 315 - 42 + 7 Total deposits 18,079 + 80 +1,138 Deferred availability cash items (1,113) 3,913 -322 + 343 Other liabilities and accrued dividends 73 - 3 + 36 TOTAL LIABILITIES (1,568) 507159 5529 +2,693 C A P I T A L A C C O U N T S Capital paid in 454 + l + 31 Surplus 888 -- + 71 Other capital accounts 78 + 15 6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS(l, 568) 51,569 -4i3 +2,789 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shewn on the fol­ lowing pages--not consolidated) 34 .8$ -.1$ - 3*8$ Contingent liability on acceptances purchased for foreign correspondents 102 -- 51 * Figures in parentheses are the eliminations made in the consolidating process; ___see comparable figures on combined basis on the following pages.____________ MATURITY DISTRIBUriOH OF LOAMS AMD SECURITIES, APRIL 25, 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 Discounts and Changes advances Acceptances Holdings during week Within 15 days 309^ 11 666 +I5o 16 days to 90 days 26 3,558 - 35 26r/ 91 days to 1 year 15i/ 11,752 - 27 - - Over 1 year to 5 years 10, 473 -- - - - - Over 5 years to 10 years 2,247 -- — Over 10 years 266 -- - - - - Total 350 37 28,962 +“78 if Figures for these groups as of April 3.8 corrected to 273, 28, end 3.5 millions, Digitized for FRASER http://frraesesr.psteloucistfievd.eorlgy/ . Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 25, 1962 San Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (in millions of dollars) A S S E T S Gold certificate account 15,067 683 3,985 8l6 1,222 1,035 746 2,538 554 333 628 560 1,967 Redemption fund for F. R. notes 1,155 72 275 71 101 86 67 206 50 27 49 37 ll4 Total gold certificate reserves 16,222 755 4,260 887 1,323 1,121 813 2,744 ' 6o4 380 677 597 2,081 F. R. notes of other Banks 455 22 132 26 27 20 70 33 14 19 15 27 50 Other cash 378 24 75 16 30 21 33 65 21 8 12 15 58 Discounts and advances 350 5 80 20 36 15 17 34 16 1 59 11 56 Acceptances: Bought outright 37 -- 37 - - — -- — M - . - . «. _ « — U. S. Government securities: Bought outright-~ Bills 2,872 153 710 166 2b3 182 158 491 116 62 125 117 349 Certificates 4,972 265 1,230 287 k22 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 -Jb 9.9.1: 2.1.8 1,011 237 347 258 225 699 165 88 178 166 499 Total 28,868 1,537 7,139 1,668 2,448 1,827 1,587 4,933 1,164 619 1,258 1,173 3,515 Held under repurchase agreement 94 -- 94 -- __ -- -- -- Total U. S. Government securities 28,962 1,537 7,233 1,663 2,448 1,827 1,587 4,933 1,164 619 1,258 1,173 3,515 Total loans and securities 29,349 1,542 7,350 1,688 2,484 1,842 i,6o4 4,967 1,180 620 1,317 1,184 3,571 Cash items in process of collection 6,195 433 l,l4l 415 512 435 496 1,022 249 170 324 291 707 Bank premises 108 3 9 3 8 5 14 24 7 5 6 13 11 Other assets 430 23 108 2b 38 26 24 71 16 10 19 18 53 TOTAL ASSETS 53,137 2,802 13,075 3,059 4,422 3,470 3,054 8,926 2,091 1,192 2,370 2,145 6,531 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 2$, 1962 San Total Boston SJew Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (In millions of dollLars) L I A B I L I T I E S 28,539 1,690 6,620 1,830 2, 544 2, 304 1,623 5,207 1, 225 586 1,177 822 2,911 Federal Reserve notes Deposits: Member hank reserves 16,993 618 4,733 77b 1,241 713 881 2,611 582 403 824 938 2,675 U.S. Treasurer-general account 551 20 l4o 32 24 28 22 57 21 19 38 51 99 Foreign 220 10 l/6l 13 21 10 12 30 7 5 9 12 30 Other 315 1 257 * 1 3 1 2 1 * 2 1 46 Total deposits 18,079 649 5,191 819 1,287 754 916 2,700 611 b27 873 1,002 2,850 Deferred availability cash items 5,026 392 859 325 453 342 436 805 203 145 257 237 572 Other liabilities and accrued dividends 73 4 21 b 7 4 4 12 2 1 3 3 8 TOTAL LIABILITIES 51,717 2,735 12,691 2,978 4,291 " 3,4o4" 2,979 8,725” 2,o55~ 1,159 2,310 2,06k 6,341 CAPITAL ACCOUNTS Capital paid in 454 21 123 26 42 21 24 64 16 11 19 26 61 Surplus 888 42 243 51 83 40 47 124 31 20 37 50 120 Other capital accounts 78 4 18 4 6 5 14 3 2 4 5 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,137 2,802 13,075 3,059 4,422 3,470 3,054 8,926 2,091 1,192 2,370 2,145 6,531 Contingent liability on accept­ ances purchased for foreign corre spondents 102 5 2/28 6 10 _5 5 l4 ______i_ 2 4 6 l4 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 29,891 1, 742 6,968 1,89^ 2,707 2,393 1,704 5,348 1, 285 670 1,217 886 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 88 -- -- 17 — — -- l4 — 57 — “ U. S. Government securities 23,225 1,365 5,600 1,500 2,050 1,665 1,400 4,100 1,010 530 950 755- 2,300 Total collateral 31,268 1,815 7,200 2,0b7 2,820 2, 420 1,825 5,500 1,364 690 1,317 970 3,300 _______ _ _ as of other Federal Reserve Banks. * Less than $500/000- Digitized2 fo/r FARfAtSEeRr deducting $ 7b million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis