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 September 13, 1962 The average of daily figures of total member bank reserves held during the week ended September 12 increased $74 million to $19,915 million. Estimated currency and coin of member banks increased $52 million and their reserve balances at the Federal Reserve Banks increased $22 million. Estimated required reserves decreased $l6 million; and estimated excess reserves increased $90 million to $513 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $436 million, compared with the revised figure of $329 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $266 million in Federal Reserve float, and decreases of $27 million "other" F.R. accounts (net), $23 million in Treasury cash holdings, and $22 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were increases of $201 million in currency in circulation, $44 million in Treasury deposits with Federal Reserve Banks, and $29 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $236 million. As of Wednesday, September 12, holdings of U. S. Government securities bought outright were $131 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $162 million lower, and member bank borrowings were $56 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Sept. 12, Sept. 5, Sept. 13, Sept. 12, and related items . 1962 1962 i96i 1962 (][n millions Of dollars) Reservd Bank credit: U. S; Govefttment securities-- Bought outright--Syfetem account 30,269 + 5 +2,466 30,196 Held under repurchase agreement 127 - 21 + 127 71 Acceptances “•-bought outright 35 + 1 34 Discounts and advances-- Member bank borrowings 77 - 17 + 50 164 Other 12 + 1 + 11 11 Float 1,400 +266 + 214 1,477 Total Reserve Bank credit 31,921 +2jb +2,869 31,953 16,068 Gold stock 16,093 - 5 -1,358 Treasury currency outstanding 5,550 - 6 3 5,541 53,563 +224 +1,507 53,562 Currency in circulation 34,167 +201 +1,331 34,146 Treasury cash holdings 392 - 23 22 396 627 Treasury deposits with F. R. Banks 503 + 44 + 34 Foreign deposits with F. R. Banks 204 + 29 - 71 218 Other deposits with F. R. Banks 293 - 22 26 275 Other F. R. accounts (net) 839 - 27 - 249 777 36,398 +202 + 997 36,439 Member bank reserves: With Federal Reserve Banks 17,165 + 22 + 510 17,123 Currency and coin (estimated) 2,750 + 52 + 207 3,088 Total re serves held 19,915 + 74 + 717 20,211 Required reserves (estimated) 19,402 - 16 + 793 19,525 Excess reserves (estimated) 513 + 90 - 76 686 On September 12, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,535 million, an increase of $83 million for the week and an increase of $582 million from the comparable Digitizedd afotr eF RAaS EyRe ar ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H . 1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Sept. 12, Sept. 5, Sept. 13 1962 1962 1961 A S S E T S Gold certificate account l4, 597 - 12 -1,520 Redemption fund for F. R. notes 1,203 - 5 + 137 Total gold certificate reserves 15,600 - 17 -1,383 7v Cash (422) 365 - 2 - 27 Discounts and advances 175 + 56 + 143 Acceptances— Bought outright 34 -- + 1 U. S. Government securities: Bought outright-- Bills 2,934 -131 + 169 Certificates 9,538 -- +7,855 Notes 13,772 — -6,050 Bonds 3,952 -- + 4i6 Total Bought outright 30,196 -131 42,390 Held under repurchase agreement 71 -l62 + 71 Total U. S. Government securities 30,267 -293 +2,461 Total leans and securities 30,476 -237 +2,605 Cash items in process of collection (1,012) 5,358 +907 + 348 Bank premises 107 -- 3 Other assets 593 + 17 + 372 TOTAL ASSETS (1,43*0 52,699 +668 +1,912 L I A B I L I T I E S Federal Reserve notes (422) 29,098 + 14 +1,294 Deposits: Member Bank reserves 17,123 - 34 + 290 U. S. Treasurer--general account 627 +173 + 167 Foreign 218 + 4i - 71 Other (**) 275 - 35 k6 Total deposits (**) 18,243 +145 + 346 Deferred availability cash items (1,012) 3,881 +566 + 181 Other liabilities and accrued dividends 72 + l + 6 TOTAL LIABILITIES (1,434) 51729^ +726 +1,821 C A P I T A L A C C O U N T S Capital paid in 46l + l + 30 Surplus 888 -- + 71 10 Other capital accounts 56 - 59 TOTAL LIABILITIES AND CAPITAL ACCCUNTS(l, 434) 52,699 +668 +1,912 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) 33.1# -.1# - 4.2$ Contingent liability on acceptances purchased for foreign correspondents 69 - 1 - 63 * Figures in parentheses are the eliminations made in the consolidating process; __see comparahle figures on combined "basis on the following pages♦___________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 12, 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 162 7 722 - 83 16 days to 90 days 13 27 4,652 -111 91 days to 1 year 12,457 - 99 - - - - Over 1 year to 5 years -- 9,987 -- - - Over 5 years to 10 years - - -- 2,233 — Over 10 years -- 216 -- - - Total 175 34 30, 267 -293 Digitized for FRASER ** Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 12, 1962 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis City .... . . [ cisco (In millions of dollars) A S S E T S Gold certificate account 14,597 725 3,627 730 1,198 966 799 2,547 606 336 652 591 1,820 Redemption fund for F. R. notes 1,203 69 282 73 102 99 73 216 50 28 47 38 126 Total gold certificate reserves 15,800 7W~ 3,909 803 1,300 1,065 872 2,763 384 699 529 1,946 F. R. notes of other Banks 422 45 102 52 13 30 46 24 10 29 17 17 37 Other cash 365 27 67 21 30 24 29 62 18 12 11 13 51 Discounts and advances 175 3 62 2 1 4 2 63 5 * 3 8 22 Acceptances: Bought outright 3^ mm mm 34 mm mm — a» — __ » V — «■ — U. S. Government securities: Bought outright-- Bills 2,934 153 727 167 247 190 157 493 116 59 128 118 379 Certificates 9,538 495 2,364 544 801 620 512 1,601 378 191 415 386 1,231 Notes 13,772 716 3,413 786 1,157 895 739 2,312 545 274 600 557 1,778 Bonds 3,952 205 980 226 332 257 212 663 156 79 172 160 510 _ Total 30,196 1,569 7,484 1,723 2,537 1,962 1,620 5,069 1,195 603 1,315 1,221 3,898 Held under repurchase agreement 71 -- 71 -- — — — — — -- -- -- -- Total U. S. Government securities 30,267 1,569 7,555 1,723 2,537 1,962 1,620 5,069 1,195 603 1,315 1,221 3,898 Total loans and securities 30,476 1,572 7,651 1,725 2,538 1,966 1,622 5,132 1,200 603 1,318 1,229 3,920 Cash items in process of collection 6,370 438 1,229 379 509 504 488 1,003 282 205 313 265 755 Bank premises 107 3 9 3 8 5 14 24 6 4 7 13 11 Other assets 593 31 154 34 53 31 33 89 22 14 26 29 77 TOTAL ASSETS 54,133 2,910 13,121 3,017 4,451 3,625 3,104 9,097 2,194 1,231 2,391 2,195 6,797 1..... *Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 12, 1962 ■; .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, 520 1,7^1 6,802 1,818 2, 598 2,429 1,706 5,384 1,245 571 1,211 878 3,137 Deposits: Member bank reserves 17,123 694 4,724 739 1,247 730 882 2,597 632 428 797 954 2,699 U.S. T reasurer-general account 627 33 .91 49 45 33 31 78 37 33 76 43 78 Foreign 218 9 1/77 11 18 9 10 27 7 5 8 11 26 Other 275 1 212 1 1 4 2 2 * * 2 1 _____ Total deposits i8,2liT 737 5,104 8oo“ 1,3H 776 925 2, 704 676 466 883 1,009 2,852 Deferred availability cash items 4,893 363 817 315 4o6 350 394 799 222 160 235 225 607 Other liabilities and accrued dividends 72 3 18 4 6 4 3 ll 3 1 _____3_ 3 _____!3_ TOTAL LIABILITIES 52,728 2,844 12,741 2,937 4,321 3,559 3,028 8,898 2, l46 1,198 2,332 2,115 6,609 CAPITAL ACCOUNTS Capital paid in 461 22 124 26 43 22 25 65 16 11 19 26 62 Surplus 888 42 243 51 83 40 47 124 31 20 37 50 120 Other capital accounts 56 2 13 3 4 4 4 10 l 2 3_ 4 ______6_ TOTAL LIABILITIES AND 54,133 2,910 13,121 3,017 4,451 3,625 3,104 9,097 2,194 1,231 2, 391 2,195 6,797 CAPITAL ACCOUNTS Contingent liability on accept­ ances purchased for foreign correspondents____________ 69 3 2/19 4 6 3 4 10 2 2 _____1_ 4 ______2_ FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 30,686 1,795 7,051 1,877 2,746 2,528 1,765 5,509 1, 302 66 0 1,243 945 3,265 Collateral for F. R. notes: Gold certificate account 7,785 480 1,600 465 720 740 485 1,4oo 340 130 310 215 900 Eligible paper 9 . - 1 - - -- -- — 5 -- 3 — - - U. S. Government securities 23.885 1.^90 5,600 1. 500 2.100 1.820 1.400 4. 300 1.010 560 950— ___7-55— __2,,-5IXL Total collateral 31,679 1,870 7,200 1,966 2,820 2, 560 1,885 5,700 1,355 690 1,263 970 3,400 fti UCi UCUUL i.UO--L.JL_ JL V-U.J. vx w ---------------------------------------- * Less than $500,000. 2/ After deducting $ 50 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis