H.4.1 Factors Affecting Reserve Balances of Depository Institutions

-96- ^ 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 27, 1962 The average of daily figures of total member bank reserves held during the week ended September 26 increased $21 million to $20,180 million. Estimated currency and coin of member banks increased $16 million and their reserve balances at the Federal Reserve Banks increased $5 million. Estimated required reserves increased $39 million; and estimated excess reserves decreased $18 million co ^496 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $355 million, compared with $489 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $116 million in member bank borrowings and million in Federal Reserve float, and decreases of $163 million in currency in circulation and $85 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was a decrease of $408 million in U. S. Government securities bought outright. Total Reserve Bank credit decreased $253 million. As of Wednesday, September 26, holdings of U. S. Government securities bought outright were $566 million lower than a week earlier and member bank borrowings were $704 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Sept. 26, Sept. 19, Sept. 27, Sept. 26, and related items 1962 1962 1961 1962 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 29,340 -408 +2,143 29,102 Held under repurchase agreement -- -- 3 Acceptances--bought outright 35 -- + 1 34 Discounts and advances-- Member bank borrowings l4i + 116 + 114 762 Other 11 + 9 11 Float 2,176 + ko + 453 1,641 Total Reserve Bank credit 31,702 -253 +2,716 31,550 Gold stock 16,068 + 1 -1,383 16,068 Treasury currency outstanding 5,548 + 4 12 5,550 53,318 ■=259 +1,321 53,168 Currency in circulation 33,882 -163 +1,270 33,849 Treasury cash holdings 401 + 11 - 13 405 Treasury deposits with F. R. Banks 494 - 85 + 58 511 Foreign deposits with F. R. Banks 219 - 3 - 77 251 Other deposits with F. R. Banks 283 - 1 - 37 290 Other F. R. accounts (net) 760 - l4 - 289 757 36,040 ■^54 + 913 36,063 Member bank reserves: With Federal Reserve Banks 17,278 + 5 + 407 17,105 Currency and coin (estimated) 2,902 + 16 + 254 3,196 Total reserves held 20,180 + 21 + 661 20,301 Required reserves (estimated) 19,684 + 39 + 822 19,674 Excess reserves (estimated) 496 - 18 - l6l 627 On September 26, 1962, U. S. Government securities held in custody by the ederal Reserve Banks for foreign account were $6,738 million, an increase of 64 million for the week and an increase of $687 million from the comparable ate 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 Sept. 26, Sept. 19, Sept. 27, 1962 1962 1961 A S S E T S Gold certificate"account 14,596 — -1,513 Redemption fund for F. R. notes 1,200 3 + 135 Total gold certificate reserves 15,796 3 -1,378 * Cash (520) 383 + 4 - 32 Discounts and advances 773 + 704 + 689 Acceptances--bought outright 34 “ - + 1 U. S. Government securities: Bought outright— Bills 1,84o - 566 - 520 Certificates 9,538 -- +7,917 Notes 13,772 -- -5,867 Bonds 3,952 -- + 491 Total bought outright 29,102 - +2,021 Held under repurchase agreement Total U. S. Government securities 29,102 - 566 +2,021 Total loans and securities 29,909 + 138 +2,711 Cash items in process of collection (1,133) 5,464 -1,528 + 705 Bank premises 107 — 3 Other assets 64l + 29 + 397 TOTAL ASSETS (1,653) 52,300 -1,360 +2,4oo L I A B I L I T I E S Federal Reserve notes (520) 28,815 - 114 +1,222 Deposits: Member bank reserves 17,105 - 151 + 795 U. S. Treasurer— general account 511 - 72 + 26 Foreign 251 + 23 - 102 Other (**) 290 2 8 Total deposits (**) 18,157 - 202 + 711 Deferred availability cash items (1,133) 3,823 -1,057 + 364 Other liabilities and accrued dividends 64 3 + 4 TOTAL LIABILITIES (1,653) 50,859 -1,376 +2,301 C h l I 5 A L a c c o u n t s 462 + 1 + 30 Capital paid in 888 — + 71 Surplus Other capital accounts 91 + 15 2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,653) 52,300 ^ 3 5 0 +2,4oo 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) 33.3$ 4J Contingent liability on acceptances purchased for foreign correspondents 68 57 * 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, SEPTEMBER 26, 19^2 (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 759 10 219 -322 16 days to 90 days l4 24 4,653 - 67 91 days to 1 year 11,794 -177 Over 1 year to 5 years -- 9,987 — Over 5 years to 10 years 2,253 -- 196 -- Over 10 years — 29,102 -566 Total __________ 773 3* * ** Digitized for FRASER ** Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 26, 1962 San Total Boston N Yo e r w k d P e h l i ph l i a a ­ Cl l e a v n e d ­ R mo i n c d h ' ­ Atlanta Chicago L S o t u . is M a i p n ol n i e s ­ Ka C n i s t a y s Dallas F c r i a sc n o ­ (In ipillions of dollars) A S S E T S R G e o T d l e o d m t p c a t e l r i t o g i n o f l i f d c u a c n t e d e r t f a i o c f r c i F o c . u a n t R t e . r n e o s t e e r s v es 1 1 ^ 5 1 , , ,2 5 7 0 9 9 0 6 6 7 7 1 6 8 4 9 3“ 3 3 , , 6 9 2 8 6 8 3 3 0 ---8 74 1 7 5 8 3 1 1 , , 2 3 1 2 2 0 2 5 3 1,0 9 9 9 9 5 3 8 8 8 2 9 7 4 3 7 2 2 , , 4 2 7 9 0 lk 5 9 6 87 2 5 5 5 0 3 3 0 3 2 5 6 9 6 6 4 0 5 5 7 2 5 5 3 3 f 3 6 4 T 1 7 , 3 8 1 7 2 4 2 6 6 F O . t h R e . r n c o a t s e h s of other Banks 5 3 2 8 0 3 2 5 7 1 12 6 0 5 6 25 4 3 2 0 1 3 25 0 4 3 6 0 3 6 0 6 1 1 5 9 3 1 4 2 2 1 0 2 2 13 2 6 5 C 7 O 9 Discounts and advances 773 19 272 24 25 47 l4 238 16 1 28 23 66 Acceptances: Bought outright 34 _ _ 34 -- — — — — — -- — — ;j. S. Government securities: Bo C B u e i g r l h t l t s i f o i u c t a r t i e g s ht— 1 9 , , 8 5 4 3 0 8 49 9 5 6 2, 4 3 5 6 6 4 1 5 0 4 5 4 1 8 5 0 5 1 1 6 2 2 0 0 5 9 1 9 2 1,6 3 1 1 6 2 3 7 7 2 8 19 37 1 4 8 l5 0 3-A8 7 /6 4 * 1,2 2 1 3 6 4 N B o o t n e d s s 13 3 , , 7 9 7 5 2 2 7 2 1 0 6 5 3,4 9 1 8 3 0 7 2 8 26 6 1, 3 1 3 5 2 7 8 2 9 5 5 7 2 7 1 3 2 9 2,3 6 3 6 3 9 5 1 4 5 5 6 27 7 6 9 6 17 0 2 0 5 16 57 0 1,7 5 5 0 5 4 Total 29,102'1,512 7,213 1,661 2,445 1,892 1,562 TT930- 1,151 583“ 1,267 I* 177 3,709 Held under repurchase agreement Total U. S. Government securities 29,102 1,512 OJ l,66l 2,445 1,892 1,562 4,930 1,151 583 1,267 1,177 3,709 Total loans and securities 29,909 1,531 7,519 1,685 2,470 1,939 1,576 5,168 1,167 584 1,295 1,200 3,775 Cash items in process of collection 6,597 467 1,239 378 540 523 456 1,002 278 200 339 293 Bank premises 107 3 9 3 8 5 14 24 6 4 7 13 Other assets 64l 33 166 37 58 34 35 97 23 14 28 32 00 DC H OC or H 13,081 3,010 4,452 3,649 3,054 9,096 2,183 1,183 2,353 2,147 6,850 TOTAL ASSETS 53,953 2,895 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDSFAL RESERVE BANK ON SEPTEMBER 26, 1962 H.4.1(c) San Total Boston N Y e o w rk d P e h lp i h la i ­ a C l l a e n v d e­ m R o ic n h d ­ Atlanta Chicago L S ou t. is M ap in o n l e is ­ K C an it s y as Dallas F c r is a c n o ­ (In millions oi do.Liars) l i a b i l i t i e s Federal Reserve notes 29,335 1,727 6,799 l, 806 2, 585 2, b2b 1,690 5,357 1,237 565 1,197 870 3,078 Deposits: Member bank reserves 17,105 651 4,686 749 1,283 723 873 2,628 64i 4oi 802 906 2,762 U.S. Treasurer-general account 5H 31 ,81 43 b2 38 26 45 26 26 28 34 91 Foreign 251 11 1/88 13 21 10 12 31 8 5 9 13 30 290 | 2 227 l 1 b 2 1 * * 1 l 50 V v T il o v t JL al deposits 18,157 jj 69 5 5,082 806 1,347 775 913 2,705 675 432 84o 954 2,933 Deferred availability cash items 4,956 j 402 796 312 381 377 370 819 220 152 251 239 637 \ Other liabilities and accrued dividends 6b \ 3 16 b 5 b 3 10 2 1 b 3 9 TOTAL LIABILITIES 52,512 2,827 12,693 2,928 b, 318 3,580 2,976 8,891 2,134 1,150 2,292 2,6 66 6,657 \ CAPITAL ACCOUNTS i \ Capital paid in • b62 ! 22 124 26 43 22 25 65 16 11 20 26 62 Surplus 888 | b2 243 51 83 k0 47 124 31 20 37 50 120 Other capital accounts j 91 j b 21 5 8 7 6 l6 2 2 4 5 11 TOTAL LIABILITIES AND ? 6,850 CAPITAL ACCOUNTS 53,953 5,895 13,081 3,010 4,452 3,649 3,054 9,09 6 2,183 1,183 2,3JB 2.147 Contingent liability on accept­ ances purcliased for foreign correspondents 68 3 §/l9 b 6 3 b 9 2 2 3 b 9 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 30, 625 11,787 7,063 1,871 2,744 2,518 1,759 5,496 1, 300 661 1,24o 934 3,252 Collateral for F. R. notes: Gold certificate account 7,795 480 1,600 465 720 750 485 l, 4oo 340 130 310 215 900 Eligible paper 68 2b 16 28 U. S. Government securities 23,839 L, 390 5,600 1,500 2,100 1,784 1,400 b, 300 1,010 550 950 _ 135__ 2,500 Total collateral 31,702 L, 870 7, 200 1,989 2,820 2, 534 1,885 5,700 1, 366 680 1,288 970 ..■3*400 1/ After deducting $163 million participations of other Federal Reserve Banks. * Less than $500,000. Digitized2 fo/r FARfAStEeRr deducting $ 49 million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis