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 September 20, 1962 H.4.1 The average of daily figures of total member bank reserves held during the week ended September 19 increased $178 million to $20,129 million. Estimated currency and coin of member banks increased $70 million and their reserve balances at the Federal Reserve Banks increased $108 million. Estimated required reserves increased $192 million; and estimated excess reserves decreased ^ $1$ million to $5l4 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $489 million, compared with the revised figure of $451 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks vere an increase of $73& million in Federal Reserve^float,^an ^ decreases of $122 million in currency in circulation and $65 million m ^other F. R. accounts (net). The principal offsetting changes^ere decreases of^ $521 million in U. S. Government securities bought outright and $127 million^held under repurchase agreement, $52 million in member bank borrowings, and $26 million in gold stock, and an increase of $76 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $34 million. As of Wednesday, September 19; 1962, holdings of U. S. Government securities bought outright were $528 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $71 million lower, and member bank borrowings were $106 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Sept. 19, Sept. 12, Sept. 20, Sept.19, 1962 1962 1961 1962 and related items [n millions of dollars; Reserve Bank credit: U. S. Government securities-- Bought outright--System account 29,748 -521 +2,428 29,668 Held under repurchase agreement -- -127 ±u Acceptances--bought outright 35 — + 1 34 Discounts and advances-- Member bank borrowings 25 - 52 - 19 58 Other 11 - 1 + 10 11 2,112 Float 2,136 +736 + 293 Total Reserve Bank credit 31;955 + 3^ +2,704 31,883 Gold stock 16,067 - 26 -1,384 16,068 Treasury currency outstanding 5,544 - 6 10 5,545 5375^7 + 4 +1,310 53A 96 Currency in circulation 3^;0^5 -122 +1,270 33,960 4o4 Treasury cash holdings 390 - 2 23 Treasury deposits with F. R. Banks 579 + 76 + 13 583 Foreign deposits with F. R. Banks 222 + 18 60 228 Other deposits with F. R. Banks 284 - 9 - 29 292 Other F. R. accounts (net) 774 - 65 - 274 773 36,294 mss + 897 36,240 Member bank reserves: +108 + 412 17,256 With Federal Reserve Banks 17;273 Currency and coin (estimated) 2,856 + 70 + 244 3,122 Total reserves held 20,129 +178 + 656 20,378 Required reserves (estimated) 19,615 +192 + 709 19,770 608 Excess reserves (estimated) 514 - 14 - 53 On September 19, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,674 million, an increase of $139 million for the week and an increase of $758 million from the comparable Digitized dfoar tFeR ASaE Ry ear ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDEEAL RESEKVE BANKS (in millions of dollars) Change since Sept. 19, Sept. 12, Sept. 207 I962 1962 1961 A S S E T S Gold certificate account 14, 596 - 1 -1,515 Redemption fund for F* R* notes l, 203 -- + 134 Total gold certificate reserves 15/799 • 1 -1,381 Cash (484) 379 + 14 - 29 Discounts and advances 69 - 106 - 134 Acceptances--bought outright 34 -- + 1 U. S. Government securities: Bought outright-- Bills 2, 406 526 - 281 Certificates 9,538 -- +7,917 Notes 13,772 -- -5,867 Bonds 3,952 + 491 Total bought outright 29,668 - 528 +2,260 Held under repurchase agreement -- - 71 - 70 Total U. S. Government securities 29,668 - 599 +2,190 Total loans and securities 29,771 - 705 +2,057 Cash items in process of collection (1,266) 6,992 +1,634 + 799 Bank premises 107 — 3 Other assets 612 + 19 + 385 TOTAL ASSETS (1,750) 53,660 + 961 +1,828 L I A B I L I T I E S Federal Reserve notes (484) 28,929 - 169 +1,253 Deposits: Member bank reserves 17,256 + 133 + 103 U. S. Treasurer— general account 583 - 44 + 24 228 10 4l Foreign Other (#*) 292 + 17 - 29 Total deposits (**) 18,359 + 116 + 57 Deferred availability cash items (l, 266) 4,880 + 999 + 417 Other liabilities and accrued dividends 67 - 5 + 3 TOTAL LIABILITIES (1,750) 52,235 + "IPa +1,730 C A P I T A L A C C O U N T S Capital paid in 46l + 29 Surplus 888 -- + 71 Other capital accounts 76 + 20 2 TOTAL LIABILITIES AND CAPITAL ACC0UNTS( 1,750) 53,660 4* 961 +1,828" 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*17° - 3-9clo Contingent liability on acceptances purchased for foreign correspondents 68 - 1 58 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages.____________ MATURITY PISTEIBUTION OF LOANS AND SECURITIES, SEPTEMBER 19, 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 56 8 5U1 -181 16 days to 90 days 13 26 4,720 + 68 91 days to 1 year 11,971 -486 Over 1 year to 5 years 9,987 Over 5 years to 10 years 2,253 + 20 Over 10 years 196 20 - Total 59 35 29/5SB -599 Digitized* f*o r FLReAsSsE Rt han $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 19, 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 Sold certificate account 14,596 691 3,736 730 1,189 958 833 2,528 610 285 626 589 1,821 Redemption fund for F. R. notes 1,203 69 281 73 104 99 73 215 50 29 47 38 125 Total gold certificate reserves 15,799 760 4,017 5o3~ 1,293 1,057 §U£~-'2,743 660 314 67J” 627 '1,946' F. R. notes of other Banks 481)- 47 116 60 18 30 46 31 13 30 17 18 58 Other cash 379 26 70 23 28 26 29 65 19 12 12 13 56 Discounts and advances 69 5 3 1 5 3 5 29 1 * 7 8 2 Acceptances: Bought outright 34 — - 34 — — ** "" U. S. Government securities: Bought outright-- Bills 2,4o6 125 596 137 203 156 129 4o8 95 49 105 97 306 Certificates 9,538 495 2,364 544 801 620 512 1,616 378 191 415 386 1,216 Notes 13,772 716 3,413 786 1,157 895 739 2,333 545 276 600 557 1,755 Bonds 3,952 205 980 226 332 257 212 669 156 79 172 160 504 Total 29,668 1,541 7,353 1,693 2,493 1,928 1,592 5,026 1,174 595 1,292 1,200 3,781 Held under repurchase agreement •> ■» _ — «. — _ - -- ... -- -- -- -- -- -- Total U. S. Government securities 29.668 1.541 7.353 1.693 2.493 1,928 1.592 5.026 .1,174.,,...,-,.,5.95— -I.v29.2_ 1.200 -3,-m- Total loans and securities 29,771 1,546 7,390 1,694 2,498 1,931 1,597 5,055 1,175 595 1,299 1,208 3,783 Cash items in process of collection 8,258 562 1,757 505 686 627 551 1,367 318 230 381 311 963 Bank premises 107 3 9 3 8 5 14 24 6 4 J 13 11 Other assets 612 32 159 35 54 34 33 ______93 22 14 26 .30... 80 TOTAL ASSETS 55,4-10 2,976 13,518 3,123 4,585 3,710 3,176 9,378 2,213 1,199 2,415 2,220 6,897 *Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19, 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) L I A B I L I T I E S Federal Reserve notes 29,113 1,733 6,792 1,813 2,591 2,127 1,698 5,372 1,2ll 568 1, 20l 87I 3,100 Deposits: Member hank reserves 17,256 681 1,719 771 1,295 7ll 887 2,629 630 392 816 968 2,718 U.S. Treasurer-general account 583 29 .U5 33 11 35 37 68 35 26 17 2! 90 Foreign 228 10 1/68 13 21 10 12 31 7 5 9 12 30 Other 292 1 231 1 1 1 1 2 1 * 1 1 18 Total deposits 18,359 721 5,133 821“ 1,361 793 937 2,730 673 I23 873 1,005 2,886 Deferred availability cash items 6,116 119 1,192 lol 196 I18 160 1,063 2I7 173 275 257 712 Other liabilities and accrued dividends 67 3 17 1 5 1 1 11 3 2 3 3 8 TOTAL LIABILITIES 53,985 2,909 13,131 3,0l2 1,153 3,612 3,099 9,176 2,161 1,166 2,355 2,139 6,706 CAPITAL ACCOUNTS Capital paid in 16l 22 121 26 13 22 25 65 16 11 19 26 62 Surplus 888 12 2I3 51 83 lo 17 12l 31 20 37 50 120 Other capital accounts 76 3 17 1 6 6 5 13 2 2 1 5 _____2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 55,110 2,976 13,518 3,123 1,585 3,710 3,176 9,378 2,213 _1,199 2,115 2,220 6,897 Contingent liability on accept­ ances purchased for foreign correspondents 68 3 2/19 1 6 3 1 9 2 2 3 1 ___ 2_ FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 30,679 1,787 7,070 1,876 2,7l9 2, 527 1,760 5,196 1,307 661 l, 212 939 3,262 Collateral for F. R. notes: Gold certificate account 7,755 180 1,600 165 720 710 185 1,100 3l0 130 310 215 900 Eligible paper 8 -- -- * — — — — 1 — 7 — — U. S. Government securities 23.895 1.^90 5.600 1.500 2.100 1.830 1.100 1. 300 1,010.- 560 950 . 755 2. 500 Total collateral 31,658 1,870 7,200 1,965 2,820 2, 5l0 1,885 5,700 1,351 690 1,267 970 3, lOO 1/ After deducting $l60 m illion participations of other Federal Reserve Banks. * Less than $500,000. 9 2/ After deducting $ I r.iillion participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis