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 October 18, 1962 The average of daily figures of total member bank reserves held during the week ended October 17 decreased a net of $78 million to $20;259 million. Estinated currency and coin of member banks increased $183 million an<^ "their reserve balances at the Federal Reserve Banks decreased $261 million. Estimated required reserves decreased $19 million; and estimated excess reserves decreased $59 million to $*1-22 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $351 million, compared with the revised figure of $^37 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $201 million in Federal Reserve holdings of U. S. Government securities and an increase of $154 million in currency in circulation. The principal offsetting changes were an increase of $27 million in member bank borrowings, and decreases of $34 million in "other" F. R. accounts (net), $33 million in Treasury deposits with Federal Reserve Banks, and $29 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $187 million. As of Wednesday, October 17, holdings of U. S. Government securities bought outright were $264 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $72 million lower, and member bank borrowings were $85 million higher. Averages of daily figures Week ended Change from week ended Wednesday, Member bank reserves, Oct. 17, Oct. 10, Oct. 18, Oct. 17, Reserve Bank credit, 1962 1962 1961 1962 and related items (In millions of dollars) Reserve Bank cre d it: U. S. Government securities— Bought outright--System account 30,385 -l6l +2,255 30,193 Held under repurchase agreement 95 - 40 - 25 -- Acceptances--bought outright 34 -- 1 34 Discounts and advances— Member bank borrowings 71 + 27 - 74 l6l 11 - l + 9 11 Other Float 1,633 - 12 + 328 1,763 Total Reserve Bank credit 32,229 ^187 +2,492 32,162 16,067 -- -1,269 l6,068 Gold stock Treasury currency outstanding 5,551 - 4 - 17 5,550 53,847 -192 +1,205 53,780 Currency in circulation 34,256 +154 +1,246 34,187 Treasury cash holdings 398 - 12 24 403 Treasury deposits with F. R. Banks 480 - 33 + 1 479 Foreign deposits with F. R. Banks 214 - 29 - 34 206 Other deposits with F. R. Banks 336 + 22 + 36 322 Other F. R. accounts (net) 717 - 34 - 281 688 36,401 71>9 + 944 367265 Member bank reserves: With Federal Reserve Banks 17,445 -261 + 261 17,495 2,8l4 +183 + 194 3,109 Currency and coin (estim ated) Total reserves held 20,259 - 78 + 455 20, 6c4 Required reserves (estim ated) 19,837 - 19 + 607 20,081 Excess reserves (estim ated) 422 - 59 - 152 523 On October 17, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were$7,079 million, an increase of $196 million for the week and an increase of $959 million from the comparable Digitized fodr FaRtAeS EaR year ago. 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 Oct. 17, Oct. 10, Oct. l6, 1962 1962 1961 A S S E T S Gold certificate account 14,578 - 12 -1,382 Redemption fund for F. R. notes 1,212 + 12 + 150 Total gold certificate reserves 15,790 -- -1,232 Cash (419) 367 + 13 - 11 Discounts and advances 172 + 80 + 128 2 Acceptances--bought outright 35 U. S. Government securities: Bought outright— Bills 2,6l8 - 26k - 4l6 Certificates 9,542 — +7,903 Notes 13,902 — -5,825 Bonds 4, 131 — + 548 Total bought outright 30,193 - 265 +2,210 Held under repurchase agreement -- - 72 -- Total U. S. Government securities 30,193 - 336 +2,210 Total loans and securities 30,399 - 256 +2, 336 Cash items in process of collection (1, *63) 6,314 +1,533 + 696 Bank premises 106 1 4 Other assets 707 + 17 + 4l4 TOTAL ASSETS (1,852)537683 +1,206 +2,199 L I A B I L I T I E S Federal Reserve notes (419)29,129 - 57 +1,233 Deposits: Member bank reserves 17,495 + 331 + 285 U. S. Treasurer— general account 479 - 13 + 21 Foreign 206 - 21 - 81 Other 322 + 15 + 55 Total deposits 18,502 + 312 + 280 Deferred availability cash items (1,533) 4,551 + 996 + 582 Other liabilities and accrued dividends 79 + 9 + 10 TOTAL LIABILITIES (1,852)52,261 +1,260 +2,105 C A P I T A L A C C O U N T S Capital paid in 462 — + 29 Surplus 888 -- + 71 Other capital accounts 72 - 54 6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,852)53,683 +1,206 +2,199 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) 32.9$ * CVJ - 3-7$ Contingent liability on acceptances purchased for foreign correspondents 66 1 - 53 Figures in parentheses are the eliminations made in the consolidating process; see ccmparahle figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 17> 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 158 8 444 -273 16 days to 90 days 14 26 4,744 -162 91 days to 1 year -- -- 12,294 + 99 Over 1 year to 5 years -- -- 10,183 — Over 5 years to 10 years -- 2,325 -- Over 10 years -- 203 -- Digitized for FRATSEoRt al I72 3? 30,193 -336 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 17, 1962 San New Phila- Cleve- Rich­ St. Minne­ Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran­ cisco (In millions of dollLars) A S S E T S Gold certificate account 14,578 781 3,368 772 1,213 1,016 799 2,477 658 308 630 584 1,9 1 7 2 2 5 Redemption fund for F . R. notes 1,212 70 289 72 102 96 72 215 51 29 53 38 Total gold certificate reserves 15,790 851 3,657 ----854“ 1,315 1,112 87I 2,692 709 337 653 622 2,097 F . R. notes of other Banks 419 30 119 53 15 26 4o 23 11 30 l4 18 40 Other cash 367 27 67 22 27 22 30 63 17 12 11 13 56 Discounts and advances 172 13 44 1 13 5 15 51 * 2 9 9 10 Acceptances: Bought outright 34 — 34 -- — — — — -- — -- — — U. S. Government securities: Bought outright— B ills 2,618 136 654 142 220 170 142 443 104 53 114 106 1,2 3 1 3 6 4 C No e t r e t s ificates 13 9 , , 9 5 0 4 2 2 4 7 9 22 6 3 2 , ,3 4 8 7 3 2 5 7 1 5 9 6 1,1 8 6 0 8 2 6 9 2 04 0 5 7 2 5 0 7 l 2, , 3 6 5 l 5 6 3 5 7 5 8 0 1 2 9 7 1 9 4 6 1 0 5 5 3 50 8 2 6 1,772 Bonds 4,131 215 1,032 225 347 268 225 700 163 83 180 167 526 To ta l 30,193 1,569 7,541 1,642 2,537 1,962 ' 17655” 5,H4 1,195 5oS~ 1,314 1,221 3,848 Held under repurchase agreement Total U. S. Government securities 30,193 1,569 7,541 1,642 2,537 1,962 1,644 5,114 1,195 606 1,314 1,221 3,848 Total loans and securities 30,399 1,582 7,619 1,643 2,550 1,967 1,659 5,165 1,195 6c8 1,323 1,230 3,858 Cash items in process of 818 collection 7,747 536 1,659 505 579 594 552 1,251 338 24o 372 303 Bank premises 106 3 9 3 7 5 14 24 6 4 7 13 11 Other assets 707 36 184 40 63 4o 39 107 26 15 30 34 93 TOTAL ASSETS 55,535 3,065 13,314 3,110 4,556 3,766 3,205 9,325 2,302 1,246 2,44o 2,233 6,973 *Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 17, 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 doll Lars) L I A B I L I T I E S Federal Reserve notes 29,548 1,735 6,843 1,810 2,595 2,456 1,710 5,395 1,251 567 1,206 875 3,105 Deposits: Member bank reserves 17,495 772 4,579 774 1,275 757 916 2,653 692 436 828 977 2,836 U.S. Treasurer-general account 479 27 60 22 38 43 25 46 31 19 51 32 ‘85 Foreign 206 9 1/70 11 18 8 10 26 6 4 8 11 25 Other 322 * 266 * * 5 2 2 1 1 1 1 ____ 43_ Total deposits 18,502 ^,975 807 1,331 813 953 2,727 730 460 888 1,021 2,989 Deferred availability cash items 5,984 450 1,093 408 492 424 461 989 269 184 282 253 679 Other liabilities and accrued dividends 79 4 20 4 7 5 4 13 3 2 4 3 10 TOTAL LIABILITIES 54,113 2,997 12,931 3,029 4,425 3,698 . 3,128 9,124 2,253 1,213 2, 380 2,152 6,783 -CAPITAL ACCOUNTS Capital paid in 462 22 124 26 43 22 25 65 16 11 20 26 62 Surplus 888 42 243 51 83 4o 47 124 31 20 37 50 120 Other capital accounts 72 4 16 4 5 6 5 12 2 2 3 _____ L. 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 55, 535 3,065 13,314 3,U0 4,556 3,766 3,205 9,325 2,302 1,246 2,440 2,233 _6,_9_X3 Contingent liability on accept­ ances purchased for foreign corre spondents 68 3 2/l9 4 6 3 4 9 2 2 3 4 ___ 2_ FEDERAL RESERVE AGENTS* ACCOUNTS F . R. notes outstanding 30,874 1,793 7.151 1,866 2,754“ 2,564“ 1,790 5,535 1,316 65 6 1,244 940 3,265 C ollateral for F. R. notes: Gold certificate account 7,780 440 1,600 465 720 765 485 1,400 340 130 320 215 900 E lig ib le paper 9 — -- * - - «... - - - - * 9 - - — U. S. Government securities 24,099 1.410 5.800 1.500 2.100 1.824 i.4oo 4.^00 1.010 550 950 755 -2^5.qQ- Total co lla te ra l 31,888 1,850 7r4oo 1,965 2,820 2,589 1,885 5,700 1,350 680 1,279 970 3,400 l/ A fter deducting $136 m illion participations of other Federal Reserve Banks. * Less than $500,000 Digitized2 f/o r AFRfAtSeErR deducting $ 49 m illion participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis