H.4.1 Factors Affecting Reserve Balances of Depository Institutions

* O* * 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 11.4.1 November 1, 1962 The average of daily figures of total member bank reserves held^during the week ended October 31 decreased a net of $542 million to $19,816 million. Estimated currency and coin of member banks increased $b2 million and their reserve balances at the Federal Reserve Banks decreased $604 million. Estimated required reserves decreased $462 million; and estimated excess reserves decreased $80 million to $426 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $347 million, compared with the revised figure of $450 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $608 million in Federal Reserve float, $76 million in U. 3. Government securities bought outright, and $46 million in gold stock, and an increase of $22 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $35 million in U. S. Government securities held under repurchase agreement and $23 million in member bank bor­ rowings, and a decrease of $76 million in currency in circulation. Total Reserve Bank credit decreased $625 million. As of Wednesday, October 31, holdings of U. S. Government securities bought outright were $120 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $248 million higher, and member bank borrowings were $62 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Oct. 31, Oct. 24, Nov. 1 Oct. 31, and related items 1962 1962 1961 1962 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 29,853 - 78 +I,8l4 29,953 Held under repurchase agreement 35 + 35 + 22 248 Acceptances--bought outright 36 + 1 2 34 Discounts and advances-- Member bank borrowings 79 + 23 + 5 207 Other 12 + 1 + 10 12 Float 1,475 -608 + 237 1,171 Total Reserve Bank credit 31,^91 -625 +2,087 31,625 Gold stock 16,006 - 46 -1,296 15,978 Treasury currency outstanding 5,552 + l 24 5,553 53,049 + 767 53,156 Currency in circulation 34,039 - 76 +1,237 34,090 Treasury cash holdings 409 + 11 1 4l4 Treasury deposits with F. R. Banks 541 + 22 + 50 513 Foreign deposits with F. R. Banks 207 - 4 - 34 182 Other deposits with F. R. Banks 311 - 4 + 8 309 Other F. R. accounts (net) 672 - 12 - 318 827 36,178 + 941 36,335 Member bank reserves: With Federal Reserve Banks 16,872 -6o4 - 173 16,821 Currency and coin (estimated) 2,944 + 62 + 238 3,247 19,816 -542 + 65 •§c7o68 Total reserves held Required reserves (estimated) 19,390 -462 + 182 19,366 Excess reserves (estimated) 426 - 80 - 117 702 On October 31, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7;137 million, a decrease of $34 million for the week and an increase of $l,l4l million from the comparable Digitizedd faort FeR AaS EyRe ar 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. 31, Oct. 24, Nov. 1, 1962 1962 1961 A S S E T S Gold certificate account l4, 48l - 45 -1, 445 Redemption fund for F. R. notes 1,211 + 3 + 109 Total gold certificate reserves 15,692 - 42 -1,336 Cash (457) 366 - 2 - 33 Discounts and advances 219 + 63 - 65 Acceptances— bought outright 34 -- 4 U. S. Government securities: Bought outright-- Bills 2,378 +120 - 864 Certificates 9,542 — +7,888 Notes 13,902 — -5,867 Bonds 4,131 — + 528 Total bought outright 29,953 +120 +1,685 Held under repurchase agreement 248 +248 + 203 Total U. S. Government securities 30,201 +368 +1,888 Total loans and securities 30,454 +431 +1,819 Cash items in process of collection (1,175) 5,064 -171 + 180 Bank premises 105 - 1 5 Other assets 599 -119 + 267 TOTAL ASSETS (1,632) 52,280 + 96 + 892 L I A B I L I T I E S Federal Reserve notes (457) 29,031 + 46 +1,225 Deposits: Member bank reserves 16,821 -146 - 395 U. S. Treasurer— general account 513 + 18 - 92 Foreign 182 - 35 - 87 Other 3C9 + 12 + 33 Total deposits 17,825 -151 - 541 Deferred availability cash items (1,175) 3,893 +182 + 108 Other liabilities and accrued dividends 75 + 3 + 3 TOTAL LIABILITIES (1,632) 50,824 + 80 + 795 C A P I T A L A C C O U N T S Capital paid in 463 -- + 30 Surplus 888 + 71 Other capital accounts 105 + 16 4 TOTAL LIABILITIES AND CAPITAL ACCOUNTS(i,632) 52,260 + 96 + 892 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shown on the fol­ 1 lowing pages--not consolidated) 33*2$ -- - 3*3 ° Contingent liability on acceptances purchased for foreign correspondents 69 + 1 47 * 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, OCTOBER 31, 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 203 7 3,922 +3,534 l6 days to 90 days 15 27 1,491 -3,109 91 days to 1 year 1 - - 12,077 - 57 Over 1 year to 5 years 10,183 -- — - - Over 5 years to 10 years - - - - 2, 325 Over 10 years - - - - 203 - - Digitized for FRTAoStEaR l 2l9 3* 30,201 + 368 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF COHDITIOH OF EACH FEDERAL RESERVE BANK OH OCTOBER 31, 1962 H A.l(b) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BARK OR OCTOBER 31, 1962 H.4.1(c) San New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston York delphia land mond Louis apolis C ity cisco (in m illions of dollars) L I A B I L I T I E S Federal Reserve notes 29,488 1,723 6,850 1,802 2, 581 2,456 1,716 5, 376 l, 248 563 1,201 873 3,099 Deposits: Member bank reserves 16,821 634 4,742 741 1,162 720 840 2,574 641 413 771 909 2,674 U.S. Treasurer-general account 513 36 .54 30 31 66 35 52 33 28 46 43 59 Foreign 182 8 1/50 11 17 8 10 25 6 4 8 10 25 Other ..... _ * 245 * 2 3 1 2 l * 1 _____L_____53- Total deposits 17,825 678 5,091 782 1, 212 797 886 2,653 681 445 826 963 2,811 Deferred a va ila b ility cash items 5,068 430 915 301 413 338 377 859 232 162 242 214 585 Other lia b ilitie s and accrued dividends 75 k 21 4 5 5 4 12 3 2 _____2______3- 30. TOTAL LIABILITIES 52,456 2,835 12,877 2,889 4, 211 3,596 2,983 8,900 2, l64 1,172 2,271 2,053 6,505 CAPITAL ACCOUNTS Capital paid in 463 22 125 26 43 22 25 65 16 11 20 26 62 S O u th rp e l r u s capital accounts 8 10 8 5 8 42 6 ____ 24 2 3 4 ____ 5 6 1 ____ 83 8 ____ 4o I 47 7 12 18 4 31 4 20 2 37 5 50 6 12 IP 0 TO C TA A L P I L TA IA L B A I C L C IT O I U E N S T S AND 53,912 2,905 13,269 2,972 4,345 3,665 3,062 9,107 2, 215 1,205 2,333 2, 135 6,699 Contingent liability on accept­ ances purchased for foreign correspondents_______________ 69 3 2/19 4 6 3 4 10 2 2_______3_______4______ 2 FEDERAL RESERVE AGENTS' ACCOUNTS F . R. notes outstanding 30,815 1,791 7,17^ 1,860 2,735 2, 562 1,789 5,536 1,303 653 1,238 928 3,246 Collateral for F. R. notes: Gold certificate account 7,810 480 l, 600 465 720 755 485 1,400 340 130 320 215 900 Eligible paper 20 — - - 2 -- — — — 7 — — 11 U. S. Government securities 24,159 1, 370 5.800 1,500 2, ICC: 1,824 1.400 4. 300 1.010 550 950 7S5 2.600 Total collateral 31,989 1,850 7,400 1,967 2,820 2,579 1,885 5,700 l, 357 680 1, 281 970 3,500 iv UuX , I A UVJX CA/JL$ 132 ^ 7 ^ ^ ^ , * i- — - - - - - -i — l/ A fter deducting m Tllix)rr'participations of other Federal Reserve Banks. * Less than $500,000. 2/ A fter deducting $ 50 m illio n participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis