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 August 23, 1962 The average of daily figures of total member bank reserves held during the week ended August 22 increased a net of $190 million to $20,005 million. Estimated currency and coin of member banks decreased $7 million and their^ reserve balances at the Federal Reserve Banks increased $197 million. Estimated required reserves increased $269 million; and estimated excess reserves decreased $79 million to $496 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $340 million, compared with the revised figure of $445 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $405 million in Federal Reserve float, and decreases of $56 million in currency in circulation, $50 million in "other"^ deposits with Federal Reserve Banks, and $45 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of ^ $270 million in U. S. Government securities bought outright, and an increase of $124 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $153 million. As of Wednesday, August 22, holdings of U. S. Government securities bought outright were $270 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $36 million lower, and member bank borrowings were $219 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Aug. 22, Aug. 15, Aug. 23, Aug. 22, and related items 1962 1962 1961 -1962___ (In millions of dollars) Reserve Bank credit: U. S. Government securities-- 29,890 -270 +2,b99 29,873 Bought outright--System account Held under repurchase agreement 12 - 5 + 6S’ 85 Acceptances— bought outright 38 - 3 + A 36 Discounts and advances-- Member bank borrowings 156 + 26 + 119 533 Other 15 -- + 13 15 Float 1,684 +405 + 274 1,295 Total Reserve Bank credit 31,795 +153 +3,114 31,837 Gold stock 16,i47 - 1 -1,455 16,148 Treasury currency outstanding 5,597 + 1 + k-9 5,598 53,5^6 +154 +1,710 53,583 Currency in circulation 34,003 - 56 +1,409 33,930 26 409 Treasury cash holdings 397 - 5 Treasury deposits with F. R. Banks 553 - 45 + 65 593 Foreign deposits with F. R. Banks 189 - 9 54 j 170 Other deposits with F. R- Banks 325 - 50 + 33 | 316 Other F. R. accounts (net) 827 +124 - 281 j 828 - *6 +1,146 36,246 "36,293 Member bank reserves: With Federal Reserve Banks 17,247 +197 + 565 ! 17,338 Currency and coin (estimated) 2,758 - 7 + 238 3,069 Total reserves held 20,005 +190 + 803 20,407 Required reserves (estimated) 19,509 +269 + 904 19,524 Excess reserves (estimated) 496 - 79 - 101 883 On August 22, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,465 million, an increase of $167 million for the week and an increase of $454 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 millions of dollars) Change since Aug. 22, Aug. 15, Aug. 23, 1962 1962 1961 A S S E T S Gold certificate account l4,66l - 11 -1,630 Redemption fund for F. R• notes 1,210 + 11 + 163 Total gold certificate reserves 15,871 — -1, ^67 * 20 Cash (438) 395 + 13 Discounts and advances 548 +219 + 486 Acceptances— "bought outright 36 - 3 + 4 U. S. Government securities: Bought outright— Bills 2,877 -270 + 820 Certificates 9,488 - - +7,805 Notes 13,639 — -6,138 Bonds 3,869 -- + 370 Total bought outright 29,873 -276 +2,857 Held under repurchase agreement 85 - 36 + 85 Total U. S. Government securities 29,958 -306 +2,942 Total loans and securities 30,542 - 90 +3,432 Cash items in process of collection (1,063) 4,967 -894 + 587 Bank premises 107 + 1 4 Other assets 561 + 20 + 391 TOTAL ASSETS (1,501) 52,443“ -950 +2,919 L I A B I L I T I E S Federal Reserve notes (438) 28,858 - 97 +1,326 Deposits: Member bank reserves 17,338 - 35 +1,160 U. S. Treasurer- -genex-al account 593 - 4 + 18 Foreign 170 - 8 - 74 Other 316 - 20 + 23 Total deposits 18,417 - 67 +1,127 Deferred availability cash items (1,063) 3,672 -801 + 358 Other liabilities and accrued dividends 68 - 2 + 12 TOTAL LIABILITIES (1,501) 51,015 -967 +2,823 C A P I T A L A C C O U N T S Capital paid in 460 30 Surplus 888 71 Other capital accounts 80 + 17 5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,50l) 52, 443 -950 +2,919 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) 3 3 * 3 +*11° ~ Contingent liability on acceptances purchased for foreign correspondents 7^- - k - 65 Figures in parentheses are the eliminations made in the consolidating processj see comparable figures on combined basis on the following pages»________ ____ MATURITY DISTRIBUTION OF LOANS ARP SECURITIES, AUGUST 22, 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 ----------q - — Within 15 days 546 ~ 10 537” l6 days to 90 days 2 26 4,837 +3,158 91 days to 1 year 12,4l8 -3,400 Over 1 year to 5 years 9,833 Over 5 years to 10 years 2,219 214 Over 10 years D ht i t g p i : t / iz /f e ra d s f e o r r . s F tl R o A u T i S s o f E e t R d a . o l rg/ §5 29,958 - 306 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 22, 1962 H.4.1(b) San Total Boston New Phila­ Cleve- Rich­ Atlanta Chicago St. Minne- Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (In millions3 of dol].ars} A S S E T S G R o ed T l e o d m t p a c l t e i r o t g n i o f l i d f c u a n c t d e e r f t a o i c r f c i o c F u a . n t t e R . r n e o s t e e r s v es l 1 4 5 1 , , , 6 2 8 6 1 7 l 0 1 8 74 6 1 1 9 0 3 4 , , 8 0 2 0 8 8 4 4 8 8 9 4 7 1 0 2 2 1 1 , ,3 2 1 2 1 03 0 7 1, 9 1 0 0 2 3 2 9 1 8 77 4 7 3 4 7 2 2 , , 4 2 7 9 1 1 8 6 4 5 6 8 5 3 2 1 3“ 2 3 7 0 2 5 2 7 6 6 4 2 7 3 8 1 5 5 3 8 5 8 0 8 1 1 , , 8 9 1 5 2 2 5 6 9 F O . t h R e . r n c o a t s e h s of other Banks 4 3 3 95 8 4 2 2 7 9 7 9 6 5 2 1 1 3 15 2 2 2 5 3 5 33 1 2 6 6 5 1 2 2 1 2 1 9 1 1 1 8 2 1 l 9 4 5 6 1 0 Discounts and advances 548 73 145 14 33 54 4 171 1 3 15 6 29 Ac B c o e u p g t h a t n c o e u s t : right 36 — 36 — - - — -- — — -- -- - - “ — U. S. Government securities: Bo B u N C i g o e h l t r t l e t s s if o i u c t a r t i e g s ht— 1 2 9 3 , , , 4 8 6 8 7 3 8 7 9 1 4 7 9 4 0 3 9 9 3 2 , , 3 3 71 5 8 3 2 0 1 7 5 5 3 1 5 5 1 l, 2 7 l 4 9 4 2 7 6 8 1 6 8 8 17 6 7 1 5 7 5 0 3 4 9 2 1 2 , ,2 5 4 9 8 9 8 5 8 l 3 5 l 7 4 5 4 0 2 2 0 9 6 5 3 4 4 1 5 1 2 9 3 5 3 3 1 5 8 1 5 6 4 2 1 1 , , 3 2 7 7 3 7 4 4 4 Bon T d o s tal 29 3 , ,8 8 6 7 9 3 1,5 2 5 0 2 1 7,4 9 o 5 4 9 1,6 2 1 0 0 9 2, 3 5 2 1 5 0 1, 2 9 5 4 2 2 1,6 2 0 C 3 8 5, 6 0 5 3 1 2 1,1 15 8 3 2 6 8 4 3 5 1,3 1 0 6 0 9 1,2 1 0 5 8 6 3,8 5 8 03 5 Held under repurchase agreement 85 wm — 85 — — — — *" - *■* Total U. S. Government securities 29,958 1,552 7,489 1,610 2,510 1,942 1,603 5,032 1,182 645 1,300 1,2C8 3,885 Total loans and securities 30,542 1,625 7,670 1,624 2,543 1,996 1,607 5,203 1,183 648 1,315 1,214 3,914 Cas c h o ll it e e c m t s i on i n process of 6,030 415 1,138 369 513 463 453 962 267 184 326 257 683 Bank premises 107 3 9 3 8 5 l4 24 6 4 7 13 11 561 29 147 32 51 29 30 83 20 13 24 29 74 v vilU JL Q/D OC v D 2,134 6,748 TOTAL ASSETS 53,944 2,951 13,227 3,012 4,482 3,572 3,035 9,077 2,142 1,191 2,373 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 22, 1962 E.U-l(c) San Total Boston N Y e o w rk de P l h p i h l i a a ­ C l l a e n v d e­ m R o i n c d h­ Atlanta Chicago L S o t u . is M a i po n l n i e s - Ka C n i s t a y s Dallas F ci r s a c n o ­ (In millions of dollars) L I A B I L I T I E S Federal Reserve notes 29,296 1,738 6,770 1,823 2,586 2,384 1,690 5,359 1,24l 572 1,203 875 3,055 Deposits: Member bank reserves IT,338 716 4,8o4 756 1,279 743 864 2,615 619 409 818 925 2,790 U.S. Treasurer-general account 593 44 106 37 53 4o 35 87 28 24 36 26 77 Foreign 170 8 1/49 10 16 7 9 23 6 h 7 9 22 Other 316 * 263 * l 4 1 2 * 1 1 1 42 Total deposits 18,417 768 5,222 803 1,349 794 909 2,727 653 438 862 961 2,931 Deferred availability cash items 4,735 375 833 301 4o8 323 355 777 197 l46 245 2l4 561 Other liabilities and accrued dividends 68 17 4 6 4 4 11 2 2 ______ 3_ 3 9 TOTAL LIABILITIES 52, 516 2,884 12,842 2,931 4,349 3,505 2,958 8,874 2,093 1,158 2, 313 2,053 6,556 CAPITAL ACCOUNTS Capital paid in 460 22 124 26 43 21 25 65 16 11 19 26 62 888 42 243 51 83 4o 47 124 31 20 37 50 120 Surplus Other capital accounts 80 3 18 4 7 6 5 l4 2 2 4 5 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,944 2,951 13,227 3,012 4,482 3, 572 3,035 9,077 2,142 1,191 2,373 2,134 6,748 Contingent liability on accept­ ances purchased for foreign correspondents 74 4 2/20 4 7 3 4 10 3 2 3 4 10 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 30, 576 1,796 7,032 1,884 2,747 2,490 1, 766 5,486 1,304 665 l, 243 938 3, 225 Collateral for F. R. notes: Gold certificate account 7,790 480 1,600 500 720 680 485 l,4oo 340 160 310 215 900 Eligible paper 30 l4 l 15 U. S. Government securities 23,855 l, 390 5,600 l, 500 2,100 1,820 1,4oo 4,300 1,010 530 950 755 2, 500 Total collateral 31,675 l, 870 7, 200 2,014 2,820 2, 500 1,885 5,700 1,351 690 1,275 970 3, O O 1/ After deducting $121 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 54 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis