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 Mediate release .'-ytURESg H.4.!*•••* August 9, 1962 The average of daily figures of total member hank reserves held during the veek ended August 8 remained unchanged at $19,838 million. Estimated currency and coin of member banks decreased $264 million and their reserve balances at the Federal Reserve Banks increased by the same amount. Estimated required reserves decreased 871 million] and estimated excess reserves increased by that amount to $507 million. Excess reserves exceeded member bank borrovings at the Federal Reserve Banks by $351 million, compared with the revised figure of $366 million the ireek before. The principal changes supplying average reserve balances with Federal Reserve Banks vere increases of $602 million in U. S. Government securities bought outright and $86 million in member bank borrovings. The principal off­ setting changes irere decreases of $196 million in Federal Reserve float and $20 million in gold stock, and increases of $127 million in currency in circulation, $60 million in Treasury deposits vith Federal Reserve Banks, and $4-9 million in "other" F. R. accounts (net). Total Reserve Bank credit increased 8^93 million. As of Wednesday, August 8, holdings of U. S. Government securities bought outright vere $2l4 million higher than a veeli earlier and member bank borrovings vere $453 million higher. Outright holdings of bills, certificates, notes, and bonds increased $170 million, $26 million, $15 million, and $3 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Aug. 8, Aug. 1, Aug. 9, Aug. 8, and related items 1962 1962 1961 1962 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,194 +602 +2,710 30,173 Held under repurchase agreement - 130 Acceptances-- 44 + 1 + 10 42 Bought outright Held under repurchase agreement * - 1 Discounts and advances-- Member bank borrowings 156 + 86 + 33 632 Other 15 -- + 15 15 Float 1,150 -195 + 144 934 Total Reserve Bank credit 31,559 +493 +27752 31,796 Gold stock 16,148 - 20 -1,400 16,148 Treasury currency outstanding 5,603 - 1 + 60 5,604 53,310 4473 +i,44i 53,548 Currency in circulation 33,938 +127 +1,374 34,032 Treasury cash holdings 417 + 2 6 421 Treasury deposits with F. R. Banks 488 + 60 + 21 592 Foreign deposits with F. R. Banks 217 - 17 - 17 197 Other deposits with F. R. Banks 331 - 12 + 27 340 Other F. R. accounts (net) 692 + 49 - 332 699 36,084 +209 +37068 36,281 Member bank reserves: With Federal Reserve Banks 17,226 +264 + 374 17,267 Currency and coin (estimated) 2,612 -264 + 256 2,821 Total reserves held 19,838 -- + 630 20,08§ Required reserves (estimated) 19,331 - 71 + 680 19,257 Excess reserves (estimated) 507 + 71 - 50 831 * Less than $500,000. On August 8, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account vere $6,252 million, an increase of Digitize$d2 fo1r3 F RmAiSElRl ion for the veek and an increase of $76 million from the comparable http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis

H.4.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in m illions of dollars) .Change since Aug. 8, Aug. 1, Aug. 9, 1962 1961 1962 A S S E T S Gold certificate account l4, 673 + 8 -1,619 Redemption fund for F. R. notes 1,201 - 5 + 158 Total gold certificate reserves 15,874 + 3 -1,461 * 1 Cash (383) 387 + 7 Discounts and advances 647 +453 + 174 Acceptances: Bought outright 42 __ + 10 Held under repurchase agreement - 1 “ - U. S. Government securities: Bought outright-- Bills 3,177 +170 + 883 Certificates 5,771 + 26 +4,061 Notes 17,356 + 15 -2,483 Bonds 3,869 + 3 + 360 Total bought outright 30,173 +2l4 +2,821 - l48 Held under repurchase agreement - - Total U. S« Government securities 307i73 +214 +2,673 Total loans and securities 30,862 +666 +2,857 Cash items in process of collection (8E8) 4,1+96 -322 + 325 k 106 Bank premises Other assets 728 - 4o + 443 TOTAL ASSETS (1.231) 52,453 +3i5 +2,159 L I A B I L I T I E S Federal Reserve notes (383) 28,962 +192 +1,328 Deposits: Member bank reserves 17,267 + 78 + 280 U. S. Treasurer--general account 592 +259 + 143 Foreign 197 - 59 - 58 Other 340 - 4 + 70 Total deposits 18,396 +274 + 435 Deferred availability cash items (848) 3,562 -172 + 278 Other liabilities and accrued dividends ____69 + 3 + i4 TOTAL LIABILITIES (1.231) 50,989 +297 72,055 C A P 1 T A L A C C O U N T S Capital paid in 460 + l + 31 Surplus 888 -- + 71 Other capital accounts 116 4* l6 + 2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1.231) 52,453 7515 +2,159 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) 33*3$ -.2 $ - 4.4$ Contingent liability on acceptances purchased for foreign correspondents 80 ~ . * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on following p a g e s . -------- MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 8, 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 629 11 4,157 + 39 16 days to 90 days 18 31 1,621 + 56 91 days to 1 year n , 795 +ic8 Over 1 year to 5 years 10,167 + ll - _ -- Over 5 years to 10 years 2,219 -- Over 10 years 214 Digitized for FRASER «... -http://fraser.stTloouitsfaedl.org/ 557 H2 30,173 7215 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 8, 1962 San New Phila­ Cleve­ Rich­ St. Minne- Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis City cisco (In m illions of dol]Lars) A S S E T S Gold certificate account 14,673 726 3,776 784 1,220 971 812 2,424 596 301 620 573 1,870 Redemption fund for F. R. notes 1,201 70 284 72 103 92 74 217 49 27 48 39 126 Total gold certificate reserves 15,874 796 4,c6o 856 1,323 1,063 886 2,64l 645 328 668 612 1,996 F. R. notes of other Banks 383 37 95 44 14 19 47 19 9 25 16 17 41 Other cash 387 24 89 20 32 19 30 64 19 11 11 12 56 Discounts and advances 647 40 333 26 31 39 23 128 52 10 49 17 99 Acceptances: Bought outright 42 -- 42 -- -- — — — -- ” - — “* — U. S. Government securities: Bought outright— B ills 3,177 165 787 182 267 206 170 533 126 69 138 129 405 Certificates 5,771 300 1,430 329 485 375 310 969 228 125 251 233 736 Notes 17,356 902 4,302 990 1,458 1,128 931 2,914 687 374 756 702 2,212 Bonds 3,869 201 959 221 325 252 208 649 153 83 169 156 493 Total 30,173 1,568 7,478 1,722 2,535 1,961 1,619 5,065 1,194 651 1,314 1,220 3,846 Held under repurchase agreement __ _ - — ... — - - -- -- -- -- -- Total U. S. Government securities 30,173 1,568 7.478 1.722 2.535 1,961 1.619 5.065 1.194 651 -...l,..3,i4_ 1,220 3,846 Total loans and securities 30,862 1,608 7,653 1,748 2,566 2,000 1,642 5,193 1,246 661 1,363 1,237 3,945 Cash items in process of collection 5,344 407 993 338 453 437 409 8c4 229 167 257 237 613 Bank premises 106 3 9 3 8 5 14 24 6 4 6 13 11 Other assets 728 ^6 188 43 66 4l 4o 110 27 16 31 35 ____ 25_ TOTAL ASSETS 53,684 2,911 13,087 3,052 4,462 3,584 3,068 8,855 2,181 1,212 2,352 2,163 6,757 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 8, 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 do"Liars) L I A B I L I T I E S Federal Reserve notes 29,3^5 1,743 6,779 1,828 2,583 2,380 1,699 5,354 1,245 576 1, 211 876 3,071 Deposits: Member bank reserves 17,267 704 4,696 801 1,302 752 883 2,515 629 435 835 950 2,765 U.S. Treasurer-general account 592 28 110 27 35 58 49 60 20 24 4i 44 96 Foreign 197 9 1/54 11 19 9 10 27 7 5 8 11 27 Other 340 l 286 1 * 3 2 2 * * 2 1 42 Total deposits 18,396 742 5,146 846 1,356 822 944 2,6o4 656 464 886 1,006 2,930 Deferred availability cash items 4,4io 353 750 297 381 307 343 677 226 137 191 196 552 Other liabilities and accrued dividends 69 4 17 4 6 5 4 11 3 . 1 ______3______ 3_ 8 TOTAL LIABILITIES 52,220 |2,842 12,692 2,969 4,326 3,514 2,990 8,646 2,130 1,178 2,291 2,081 6,561 !: CAPITAL ACCOUNTS j Capital paid in 46o 22 124 26 43 21 25 65 16 11 19 26 62 Surplus 888 42 243 51 83 4o 47 124 31 20 37 50 120 Other capital accounts 116 5 28 6 10 9 6 20 4 3 ______i_ 6 14 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,684 2,911 13,087 3,052 4,462 3,584 3,068 8,855 2,181 1,212 2,352 2,163 6,757 Contingent liability on accept­ ances purchased for foreign c 0 rre spondents i 80 4 2/22 5 7 4 4 11 3 2 3 4 11 FEDERAL RESERVE ,AGENTS’ .ACCOUNTS F. R. notes outstanding 130,506 1,797 7,032 1,886 2,729 2,462 1,757 5,466 1,306 663 1,24l 937 3,230 Collateral for F. R. notes: 1 Gold certificate account 1 7,790 480 1,600 500 720 680 485 1,4oo 340 160 310 215 90C Eligible paper 125 -- -- 25 -- -- — — 52 — 48 -- — U. S. Government securities 28,840 1,390 5,600 1,500 2,100 1,805 1, kOO 4,300 1,010 530 ..95.0.- - 755_ 2, 500 Total collateral 31,755 1,870 7,200 2,025 2,820 2,485 1,885 5,700 1,402 690 1,308 970 3,400 Digitized for F £ R / A S A E f R ter u d c e u c u u u c o t i i n n g g $ 58 m ui i j- l j- l j- i j-' o ja n j- p p a a r r t t i i c c i i p p a a t t i i o o n n s s o o f f o o t t h h e e r r F F e e d d e e r r a a l l R R e e s s e e r r v ve e B B a a n n k k s s , . * Less than $5CO,CCO. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis