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.ij.,1 October 4, 1$62 The average of daily figures of total member bank reserves held during the week ended October 3 increased a net of $4 million to $20,198 million. Estimated currency and coin of member banks decreased $70 million and their reserve balances at the Federal Reserve Banks increased $74 million. Estimated required reserves increased $30 million; and estimated excess reserves decreased $26 million to $48l million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4l8 million, compared with the revised figure of $366 million the week before. The principal change supplying average reserve balances with Federal Reserve Banks was an increase of $606 million in U. S. Government securities bought outright. The principal offsetting changes were decreases of $429 million in Federal Reserve float and $78 million in member bank borrowings, and increases of $40 million in "other" deposits with Federal Reserve Banks and $27 million in currency in circulation. Total Reserve Bank credit increased $ll4 million. As of Wednesday, October 3, holdings of U. S. Government securities bought outright were $1,374 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $92 million higher, and member bank borrowings were $609 million lower. Outright holdings of bills, certificates, notes, and bonds increased $1,l44 million, $4 million, $77 million, and $149 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Oct. 3, Sept. 26, Oct. k, Oct. 3, 1962 1962 1961 1962 and related items (][n millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright— System account 29,946 + 6O6 +2 ,123 30,476 Held under repurchase agreement 13 + 13 + 2 92 Acceptances-bought outright 35 -- + 1 34 Discounts and advances— Member bank borrowings 63 - 78 29 153 Other 11 -- + 9 11 Float 1,747 -429 4* 415 1,511 Total Reserve Bank credit 31,816 +TE4 4-2,579 32,277 Gold stock 16,068 -- -1,312 16,068 Treasury currency outstanding 5,552 + 4 - 11 5,554 53,436 +118 +1,256 53,899 Currency in circulation 33,909 + 27 +1,231 33,976 Treasury cash holdings 407 6 - 1 4l6 Treasury deposits with F. R. Banks 476 - 18 4* 54 492 Foreign deposits with F. R. Banks 217 - 2 - 83 196 Other deposits with F. R. Banks 323 + 4o + 42 330 Other F. R. accounts (net) 754 - 6 - 300 752 36,084 + 44 + "941 36,162 Member bank reselves: With Federal Reserve Banks 17,352 + 74 + 316 17,737 Currency and coin (estimated) 2,846 - 70 277 2,968 Total reserves held 20,198 + 4 + 593 20,705 Required reserves (estimated) 19,717 * 30 + 596 19,660 Excess reserves (estimated) 481 - 26 - 3 1,c45 On October 3, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,84l million, an increase of $103 million for the week and an increase of $712 million from the comparable Digitizedd afotr eFR AaS EyRe ar ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

n.4. 1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BARKS (in millions of dollars) Change since Oct. 3, Sept;. 26, Oct. 4, 1962 1962 1961 A S S E T S Gold certificate account 14, 596 -- -1,413 Redemption fund for F. R. notes 1,198 - 2 + 133 Total gold certificate reserves 15,794 - 2 -1,280 Cash m ) 379 4 21 Discounts and advances 164 - 609 + 96 Acceptances--bought outright 34 -- U. S. Government securities: Bought outright-- Bills 2,984 +1,144 - 87 Certificates 9,542 + 4 +7,910 Notes 13,849 + 77 -5,829 Bonds 4,101 + 149 + 550 Total bought outright 30,476 +1,374 +2,544 Held under repurchase agreement 92 4- 92 + 92 Total U. S. Government securities 30,568 +1,466 +2,636 Total loans and securities 30,766 4- 857 +2,732 Cash items in process of collection (1, 122) 5,306 - 158 + 632 Bank premises 107 -- 3 Other assets 670 29 + 387 TOTAL ASSETS (1,591) 53,022 722 +2, 447 L I A B I L I T I E S Federal Reserve notes (469) 28,943 + 128 +1,226 Deposits: Member bank reserves 17,737 + 632 + 825 U. S. Treasurer--general account 492 - 19 + 11 Foreign 196 - 55 - 45 Other 330 + 4o + 37 Total deposits 18,755 4~ 598 + 828 Deferred availability cash items (1,122) 3,795 28 + 308 Other liabilities and accrued dividends 71 + 7 - 15 TOTAL LIABILITIES (1,591) 51,564 + 705 +2,347 C A P I T A L A C C O U N T S Capital paid in 462 -- + 30 Surplus 888 -- + 71 Other capital accounts 108 + 17 1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,591) 53,022 + 722 +2,447 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shorn on the fol­ lowing pages--not consolidated) 32.8$ 4.' Contingent liability on acceptances purchased for foreign correspondents 68 -- - 55 * Figures in parentheses are the eliminations made in the consolidating process; _____see comparable figures on combined basis on the following pages.____________ MATURITY DISTRIBUTION OF LOADS ADD SECURITIES, OCTOBER 3, 1962 (Acceptances and securities held under repurchase agreement are class’ified 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 lb9 9 754 + 535 l6 days to 90 days 15 25 4,977 + 324 91 days to 1 year -- -- 12,175 4* 381 Over 1 year to 5 years -- -- 10, 142 4- 155 Over 5 years to 10 years -- -- 2, 317 4- 64 Over 10 years -- „ 203 4- 7 Digitized for FTRoAtSEaRl m 35 30, 568 +1, b66 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(13 ) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 3, 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 14,596 718 3,860 791 1,157 1,045 786 2,389 579 281 570 557 1,863 Redenption fund for F. R. notes 1,198 69 _ 280 .... 73 103 . 97 72 215 50 29 47 38 125 Total gold certificate reserves 15,794 787 4,140 864 1,260 1,142 858 2,6o4 629 310 617 595 1,988 F. R. notes of other Banks 469 47 116 62 20 24 44 27 10 32 15 21 51 Other cash 379 27 63 23 30 24 32 65 19 12 12 14 58 Discounts and advances 164 26 6 3 9 16 27 51 7 4 8 5 2 Acceptances: Bought outright 34 ... 34 — .... ... - - - - - - • - U. S. Government securities: Bought outright— Bills 2,984 155 739 162 251 195 160 509 118 60 130 121 384 Certificates 9,542 496 2,365 518 802 625 512 1,626 378 191 415 386 1,228 Notes 13,849 719 3,433 751 1,163 907 743 2,361 548 278 603 560 1,783 Bonds .4,101 213.. 1,016 223 345 268 220 699 162 82 179 166 528 Total 30,476 1,583 7,553 1,654 2,561 1,995 1,635 5,195 1,206 611 1,327 1,233 3,923 Held under repurchase agreement ____92 -- ____92 -- -- -- -- -- -- — Total U. S. Government securities 30,568 1,583 7,645 1,654 2,561 1,995 1,635 5,195 1,206 611 1,327 1,233 3,923 Total loans and securities 30,766 1,609 7,685 1,657 2,570 2,011 1,662 5,246 1,213 615 1,335 1,238 3,925 Cash items in process of collection 6,428 446 1,292 387 513 509 451 986 288 196 315 267 778 Bank premises 107 3 9 3 8 5 l4 24 6 4 7 13 11 Other assets 670 34 175 38 58 36 37 102 25 16 29 32 88 TOTAL ASSETS 54,613 2,953 13,480 3,034 4,459 3,751 3,098 9,054 2,190 1,185 2,330 2,180 6,899 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E. k.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 3, 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, hl2 1,733 6,819 1,805 2, 582 2,111 1,698 5,360 1,2ll 563 1,202 872 3,093 Deposits: Member bank reserves 17,737 707 1,960 785 1,286 799 901 2, 587 6I7 110 783 975 2,897 U.S. Treasurer-general account 1*92 37 83 11 39 16 3l 65 23 21 38 27 38 Foreign 196 8 1/61 11 17 8 10 25 6 1 8 10 25 Other 330 * 271 1 2 5 1 1 l 1 3 1 13 Total deposits 18,755 752 5,378 838 1, 3ll 858 916 2,678 677 136 832 1,013 3,003 Deferred availability cash items 1,917 395 872 30l 393 375 371 796 219 151 232 210 599 Other liabilities and accrued dividends 71 1 18 1 5 5 1 12 3 2 2 3 9 TOTAL LIABILITIES 53,155 2^81 13,087 2,951 32l 3,682 3,019 8,816 2, llo 1,152 2, 268 2,098 6,70l CAPITAL ACCOUNTS Capital paid in 162 22 12l 26 13 22 25 65 16 11 20 26 62 Surplus 888 12 2I3 51 83 lo 17 12l 31 20 37 50 120 Other capital accounts 108 5 26 6 9 7 7 19 - 3 2 ____1 6 ....13- TOTAL LIABILITIES AND CAPITAL ACCOUNTS 51,613 2,953 13,180 3,03I 1,159 3,751 3,098 9,051 2,190 1,185 2, 330 2,180 6,899 Contingent liability on accept­ ances purchased for foreign c orre spcndent s 68 3 2/19 1 6 3 1 9 2 2 3 k 9 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 30,650 1,781 7,099 1,865 2, 7^2 2,531 1,763 5,500 1,296 .659 1,243 930 3,2i*l Collateral for F. R. notes: Gold certificate account 7,795 1*80 1,600 1*65 720 750 1*85 1,1*00 31*0 130 310 215 900 Eligible paper 17 -- -- 2 -- -- — — 7 -- 8 -- — U. S. Government securities 23,859 1,390 5,600 1,500 2,100 l,8ol* 1,1*00 1*, 300 1,010 550 ..95Q __15-5— 2.500 Total collateral 31,671 l, 870 7,200 1,967 2,820 2,55^ 1,885 5,700 1,357 680 1,268 970 3,1*00 * Less than $500, 000. 2/ After deducting $ L9 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis