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 H.$.l For immediate release July 26, 1962 The average of daily figures of total member bank reserves held during the week ended July 25 decreased a net of $103 million to $19,989 million. Esti­ mated currency and coin of member banks increased $10 million and their reserve balances at the Federal Reserve Banks decreased $113 million. Estimated required reserves decreased $73 million; and estimated excess reserves decreased $30 mil­ lion to $532 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $$73 million, compared with the revised figure of $399 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $10$ million in member bank borrowings, $7$ mil­ lion in U. S. Government securities bought outright, $71 million in Federal Reserve float, and $29 million in gold stock, and increases of $55 million in Treasury deposits with Federal Reserve Banks and $3$ million in "other" F. R. accounts (net). The principal offsetting changes were decreases of $190 million in currency in circulation and $9$ million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $2$6 million. As of Wednesday, July 25, 1962, holdings of U. S. Government securities bought outright were $160 million higher than a week earlier and member bank borrowings were $533 million lower. Outright holdings of bills, certificates, and notes increased $127 million, $18 million, and $15 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 25, and related items 1962 *"D j H CVJ GO July 26, July 25, 1961 1962 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 29,230 - 7$ +2,510 29,180 Held under repurchase agreement -- -- 11 -- Acceptances-- Bought outright $0 + 1 + 7 $0 Held under repurchase agreement $ + 3 + $ — Discounts and advances-- Member bank borrowings 59 -10$ + 9 121 Other 15 -- + 15 15 Float 1,968 - 71 + $92 1,$52 Total Reserve Bank credit 31,315 -2$6 +3,026 30,808 Gold stock 16,269 - 29 -1,256 16,208 Treasury currency outstanding 5,603 + 2 + 163 5,603 53,187 -273 +1,933 52,619 Currency in circulation 33,901 -130 +1, $25 33,810 Treasury cash holdings $0$ + 16 + 5 $1$ Treasury deposits with F. R. Banks 551 + 55 + 53 565 Foreign deposits with F. R. Banks 221 - 9$ - 30 237 Other deposits with F. R. Banks 317 + 19 + $3 303 Other F. R. accounts (net) 6$i + 3$ - 303 639 36,035 -160 +1,193 35,968 Member bank reserves: With Federal Reserve Banks 17,152 -113 + 7$0 16,651 Currency and coin (estimated) 2,837 + 10 + 2$2 3,125 Total reserves held 19,989 -103 + 982 197776 Required reserves (estimated) 19, $57 - 73 +1,100 19,$38 Excess reserves (estimated) 532 - 30 - 118 338 On July 25, 1982, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,$02 million, an increo.se of Digitiz $ ed 1 9 fo r FmRiAlSlEiRo n for the week and an increase of $707 million from the comparable date http://fara seyre.satloru isafegdo.o.rg/ Federal Reserve Bank of St. Louis

H.l*.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDEPAL RESERVE BANKS (in millions of dollars) Change 6ince July 25, *jSy~l^ JuIF257 1962 1962 1961 A S S E T S Gold certificate account i**, 725 - 125 -1,1*50 Redemption fund for F. R. notes 1,20 6 + 31 + 158 Total gold certificate reserves 15,931 - 9? -1,292 Cash (U48) 381 + 13 - 12 Discounts and advances 136 - 533 + 77 Acceptances--bought outright 1*0 + 2 + 7 U. S. Government securities: Bought outright— Bills 2, 291* + 127 + 128 Certificates 5,731 + 18 - 780 Notes 17, 289 + 15 +2,1*53 Bonds 3,866 -- + 1*55 Total bought outright 29,180 + I5o +2,256 Held under repurchase agreement -- -- -- Total U. S. Government securities 29,180 + 160 +2,256 Total loans and securities 29,356 - 371 +2, 3l*0 Cash items in process of collection (1,01*8) U, 973 - 892 + 637 Bank premises 108 + 1 3 Other assets 71*6 + 20 + 1*22 TOTAL ASSETS (1,1*96) 51, i*95‘ -1, 323 +2, 092 L I A B I L I T I E S Federal Reserve notes (1*1*8) 28,725 - 172 +1, 259 Deposits: Member bank reserves 16,651 - 800 + 365 U. S. Treasurer--general account 565 + 130 + 28 Foreign 237 - 32 21 Other (**) 303 10 + 1*1 Total deposits (**) 17,756 - 712 + 413 Deferred availability cash items (l, ol*8) 3,521 - 1*55 + 309 Other liabilities and accrued dividends 61 1 + 13 TOTAL LIABILITIES (1,1*96) 50,063 -1,31*0 +1,995 C A P I T A L A C C O U N T S Capital paid in 1*58 -- + 30 Surplus 888 -- + 71 Other capital accounts 86 + 17 3 TOTAL LIABILITIES AND CAPITAL ACCOUNTS(1,496) 51, **95 -1,323 +2,092 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) 33-91° + .3$ - k.2$ Contingent liability on acceptances purchased for foreign correspondents 81 -- 66 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 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 Changes Discounts and advances Acceptances Holdings during week Vlithin 15 days 118 13 1*21 +116 16 days to 90 days 18 27 1*, 92l* - 1*1* 91 days to 1 year -- — 11,2l*6 + 86 Over 1 year to 5 years -- 10,156 + 2 Over 5 years to 10 years -- 2, 219 Over 10 years __ 21k +I5o Total 136 5o 29,l80 Digitized for FRASER http://fra*se*r .sLtloeusissfe dt.ohrga/ n $500, OCO. Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 25, 1962 — San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis C ity cisco (In m illions of dol].ars) A S S E T S Gold certificate account 1^,725 694 3,569 818 1,163 983 809 2,624 584 306 672 592 1,9H Redemption fund for F. R. notes 1,206 69 286 71 103 94 74 218 50 27 48 39 127 Total gold certificate reserves 15,931 w ~ 3,855 889 1,266 1,077 883 2,842 634 333 720 631 2,038 F. R. notes of other Banks 448 31 ll4 39 21 25 53 29 14 26 16 22 58 Other cash 381 25 75 18 32 20 31 67 19 10 11 12 6l Discounts and advances 136 3 23 2 6 7 l l 45 1 1 19 16 2 Acceptances: Bought outright 4o -- 4o -- - - -- -- -- — — - - TT. S. Government securities: Bought outright— B ills 2,294 119 568 130 194 151 122 385 91 50 101 93 290 Certificates 5,731 297 1,419 326 486 378 304 961 229 124 252 231 724 Notes 17,289 896 4,28.1 982 1,464 l,l4o 918 2,899 690 375 759 699 2,186 Bonds 3,866 201 957 220 327 255 205 648 154 84 170 156 489 Total 29,180 1,513 7,225 1,658 2,471 1,924 1,549 4,893 1,164 633 1,282 1,179 3,689 Held under repurchase agreement _ _ — — — — -- -- -- -- -r,otal U. S. Government securities 29,180 1,513 7,225 1,658 2,471 1,924 1,549 4,893 l,l64 633 1,282 -.1,122--_3_,j89- Dotal loans and securities 29,356 1,516 7,288 1,660 2,477 1,931 1,560 4,938 1,165 634 1,301 1,195 3,691 Cash items in process of collection 6,021 454 1,229 343 482 434 445 925 243 172 305 2 66 723 Dank premises 108 3 9 4 8 5 14 24 6 4 7 13 11 Other assets 746 37 196 43 67 39 4l 112 27 18 31 37 98 TOTAL ASSETS 52,991 2,829 12,766 2,996 4,353 3,531 3,027 8,937 2,1C8 1,197 2,391 2,176 6,680 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H .4 .l( c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 25, 1962 San Total Boston Net; Phila­ Cleve­ Rich­ Atlanta Chicago st. Minne­ Kansas 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 29,173 1,739 6,7*40 1,835 2,577 2,363 1,672 5,325 1,24l 579 1,200 867 3,035 Deposits: Member bank reserves 16,651 612 4,420 735 l, 184 731 864 2,567 597 402 842 941 2,756 U.S. Treasurer-general account 565 53 70 45 38 42 35 53 26 31 4i 53 78 Foreign 237 10 1/81 13 20 10 11 30 7 5 9 12 29 Other 303 * 257 l •vc 2 l 1 * * ______1_______1______32_ Total deposits 17,756 675 k, 828 794 1, 242 785 911 2,651 630 438 893 1,007 2,902 Deferred availability cash items 4, 569 3^4-4 796 282 395 312 364 748 185 145 235 219 544 Other liabilities and accrued dividends 6l 3 15 4 6 4 3 10 2 2 3 2 7 TOTAL LIABILITIES 51,559 2,761 12,379 2,915 4, 220 3, *464 2,950 8,734 2, 058 1,164 2, 331 2,095 6,488 i CAPITAL ACCOUNTS Capital paid in 1+58 i 22 124 26 43 21 25 64 16 11 19 26 6l Surplus 888 42 243 51 83 4o 47 124 31 20 37 50 120 Other capital accounts 86 4 20 4 7 6 ______5 15-______3_______2_ 4 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 52,991 2,829 12,766 2,_936 4,353 3,-511 3,027 A23L. 2,108 1*121._JL39i_ 2,1x6 6.680 Contingent liability on accept­ ances purchased for foreign \ correspondents 81 4 2/22 5 8 k k 11 3 2 3 k 11 FEDERAL RESERVE AGENTS’ ACCOUNTS F. R. notes outstanding 30,526 1,809 7,053 1,895 2,736 2,465 1,751 5,463 1,293 668 l, 24l 927 3,225 Collateral for F. R. notes: Gold certificate account 7,820 480 1,6co 530 720 680 485 1,4oo 340 160 310 215 90c Eligible paper 19 — 1 — -- -- — -- 18 -- 23,840 1,390 5,600 1,500 2,100 1,805 l,4oo 4,300 1,010 ... -53Q___95-0_— Z2L_ 2. 5CCL U. S. Government securities Total collateral 31,679 1,870 7,200 2,031 2,820 2,485 1,885 5,700 1,350 690 1,278 970 3, 400 * Less than $500,000. 2/ After deducting $ 59 m illio n participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis