H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R A L R E S E R V E mu Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For iimediate release H.4.1 August 30, 1962 The average of daily figures of total member hank reserves held during the week ended August 29 decreased a net of $113 million to $19,895 million. Estimated currency and coin of member banks increased ^90 million and their reserve balances at the Federal Reserve Banks decreased $203 million. Estimated required reserves decreased $45 million; and estimated excess reserves decreased $68 million to $495 million. Excess reserves exceeded m^ ef,bo'nkirD°^°^^;e at the Federal Reserve Banks by $422 million, compared with the revised ngure of $407 million the week before. The principal changes reducing average reserve balances with Federal ^ Reserve Banks were decreases of $397 million in Federal Reserve float, $83 million in member bank borrowings, and $35 million in gold stock. The principal oiisetting changes were an increase of $129 million in U. S. Government securities bought outright, and decreases of $133 million in currency in circula ion a $51 million in Treasury deposits with Federal Reserve Banks. Total Reserve Ban, credit decreased $3^2 million. As of Wednesday, August 29, holdings of U. S. Government securities bought outright were $270 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $85 million lower, and memb bonk borrowings were $426 million lower. Outright holdingo o^ 1 s, cor 1 , notes, and bonds increased $93 million, $30 million, $94 million, an $53 mi ion, respectively. Averages of daily figures____ Wednesday Wppk pnrier) I Chance from week ended _ Member bank reserves, Aug.29, Reseive Bank credit, Aug. 29, Aug. 22, | Aug. 30, and related items 1962 1962 ! 1961 1962 — ~ ri[n millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,019 +129 +2,743 30,143 Held under repurchase agreement - 12 -- Acceptances--bought outright 35 - 3 + 2 34 Discounts and advances-- Member bank borrowings 73 - 83 + 36 107 Other 19 + 4 + 19 11 Float 1,287 -397 + 186 1,005 Total Reserve Bank credit 31,433 -362 +2,986 31,300 Gold stock 16,112 - 35 -1,467 16,098 Treasury currency outstanding 5,601 + 4 + 49 5,603 53,148 -394” +17558 53,601 Currency in circulation 33,870 -133 +1,396 33,897 12 4l4 Treasury cash holdings 4o4 + 7 Treasury deposits with F« R. Banks 502 - 51 + 4 490 Foreign deposits with F. R. Banks 192 + 3 - 38 169 Other deposits with F. R. Banks 314 - ll + 16 313 Other F. R. accounts (net) 820 - 7 - 289 817 36,100 36,102 -191 +1,077 Member bank reserves: With Federal Reserve Banks 17,044 -203 + 490 16,901 Currency and coin (estimated) 2,851 4- 90 + 245 3,151 20,052 Total reselves held 19,895 -113 + 735 Required reserves (estimated) 19,400 - 45 + 834 19,431 Excess reserves (estimated) 495 - 68 - 99 621 On August 29, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,450 million, a decrease of $15 million for the week and an increase of $482 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 TEE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Aug. 29, Aug. 22, Aug. 30, 1962 1962 1961 A S S E T S Gold certificate account 14,611 - 50 -1,531 Redemption fund for F. R. notes l,206 - 4 + l6l Total gold certificate reserves 15,817 - 54 -1,370 Cash (451) 394 - l 22 Discounts and advances 118 -430 + 59 Acceptances— bought outright 34 - 2 + 2 U. S. Government securities: Bought outright-- Bills 2,970 + 93 + 702 Certificates 9,518 + 30 +7,835 Notes 13,733 + 94 -6,062 Bonds 3,922 + 53 + 409 Total bought outright 30,143 +270 +2,884 Held under repurchase agreement - 85 -- Total U. S. Government securities 30,143 +185 +2,884 Total loans and securities 30,295 -247 +2,945 Cash items in process of collection (1,048) 4,415 -552 + 368 Bank premises 107 4 Other assets 589 + 28 + 405 TOTAL ASSETS (1,499) 51,617 -826 +2,322 L I A B I L I T I E S Federal Reserve notes (451) 28,821 - 37 +1,280 Deposits: Member bank reserves 16,901 -437 + 716 U. S. Treasurer--general account 490 -103 - 35 Foreign 169 - 1 - 57 Other 313 - 3 + 23 Total deposits 17,873 -544 + 647 Deferred availability cash items (1,048) 3,4l0 -262 + 286 Other liabilities and accrued dividends 68 + 10 TOTAL LIABILITIES (1,499) 50,172 -843 +2, 223 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 97 + 17 2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,499) 51,617 -826 +2, 322 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 33.5$ +.2$ - 4.51o Contingent liability on acceptances purchased for foreign correspondents 72 - 2 64 * 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, AUGUST 29, 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 103 11 403 - 34 16 days to 90 days 15 23 4,844 + 7 91 days to 1 year -- 12,517 + 99 Over 1 year to 5 years -- 9,940 +107 Over 5 years to 10 years - - 2, 225 + 6 Over 10 years - 214 -- Digitized for FRASER http://fraser.stlo T u o is t fe a d l .o rg/ 3X8 3* 30,143 +I85 Federal Reserve Bank of St. Louis

E.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 29, 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 14,611 723 3,747 858 1,197 967 775 2,394 564 326 6o4 517 1,939 Redemption fund for F. R. notes 1,206 69 283 72 103 101 73 216 51 26 48 38 126 Total gold certificate reserves 15,617 792 ~ 47030“ 930 1,300 1,068 BW 2,610 615 352 55F" 555 2,065 F. R. notes of other Banks 451 47 101 51 16 26 51 26 13 32 19 21 48 Other cash 394 28 72 21 33 24 34 65 20 11 12 15 59 Discounts and advances 118 32 15 2 6 2 4 35 2 1 9 7 3 Acceptances: Bought outright 34 -- 34 — — — — — — — — U. S. Government securities: Bought outright-- Bills 2,970 154 738 159 250 193 159 511 118 60 129 120 379 Certificates 9,518 494 2,367 508 800 619 511 1,637 377 193 4l4 385 1,213 Notes 13,733 714 3,416 733 1,154 892 737 2,362 543 278 598 556 1,750 Bonds 3,922 204 976 210 329 255 211 674 155 79 171 158 500 Total 30,i 43 1,566 " 7,497 1,610 2,533 1,959 1,618 5,184 1,193 515” 1,312 1,219 3,842 Held under repurchase agreement — - - -- — -- -- -- -- -- -- - “ - - Total U. S. Government securities 30,143 1,566 7,497 1,610 2,533 1,959 1,618 5,184 1,193 610 1,312 1,219 3,842 Total leans and securities 30,295 1,598 7,546 1,612 2,539 l,96l 1,622 5,219 1,195 6ll 1,321 1,226 3,845 Cash items in process of collection 5,^63 398 l,c4l 332 472 392 390 878 259 168 280 248 605 Bank premises 107 3 9 3 8 5 14 24 6 4 7 13 11 Other assets 589 31 154 33 52 31 32 89 21 l4 25 30 77 TOTAL ASSETS 53,u 6 2,897 12,953 2,982 4,420 3,507 2,991 8,911 2,129 1,192 2,316 2,108 6,710 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 29, 1962 H.4.1(c) 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; L I A B I L I T I E S Federal Reserve notes 29,272 1,733 6,770 1,819 2, 580 2, 395 1,687 5,350 1,237 569 1, 202 872 3,058 Deposits: Member hank reserves 16,901 709 k, 572 749 1, 263 684 875 2, 528 601 420 795 915 2,790 U.S. Treasurer-general account 490 30 io4 35 26 34 21 58 33 24 31 25 69 Foreign 169 8 i/5i 9 15 7 9 23 5 4 7 9 22 Other v. 1 259 1 1 2 1 1 * — X- ___1__ 44 Total deposits 17,873 748 4,986 794 1, 305 727 906 2, 610 639 449 834 950 2,925 Deferred availability cash items 4, 1+58 3^5 790 284 395 312 317 73^ 200 139 217 201 524 Other liabilities and accrued ( dividends 1 68 3 17 3 6 4 ____3 11 3 2 _____ 1 3 ....10- TOTAL LIABILITIES 51,671 2,829 12, 563 2,900 4,286 3,^38 2,9-13 8,705 2, 079 1,159 2, 256 2, 026 6,517 CAPITAL ACCOUNTS Capital paid in 460 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 97 4 23 5 8 8 6 17 3 2 4 6 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,116 2,897 12,953 2,982 4,420 . 2,J591 8,911 2,129 . 1,192 _2,_3l6 2,108 6,710 Contingent liability on accept­ ances purchased for foreign correspondents 72 3 - g/gQ- 4 7 _____ a_ 4 10 2 2 3 4 10 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 30,550 1,79^ 7,030 1,88 0 2,737 2,490 1,760 5,^93 l, 298 664 1,237 938 3,229 Collateral for F. R. notes: Gold certificate account 7,775 480 1,600 465 720 700 485 l, 4oo 3^0 160 310 215 900 Eligible paper 12 — -- 2 -- -- -- -- 2 -- 8 - - — — U. S. Government securities 23,855 1,390 5,600 1,500 2,100 1,820 i,4oo 4,300 1,010 530 950 . T55._ 2, 5Q0 Total collateral 31,642 1,870 7, 200 1,967 2, 820 2, 520 1,885 5,700 1,352 690 1,2 68 970 3,400 1/ After deducting $118 million participations of other Federal Reserve Banks. * Less than $500,000 2/ After deducting $ 52 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis