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 For immediate release Condition Statement of F.R. Banks November 15, 1962 The average of daily figures of total member bank reserves held during the week ended November l5 decreased a net of $171 million to $19,391 million. Estimated currency and coin of member banks increased $118 million and their reserve balances at the Federal Reserve Banks decreased $289 million. Estimated required reserves decreased $217 million; and estimated excess reserves increased $46 million to $597 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4-53 million, compared with the revised figure of $393 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were increases of $329 million in currency in circulation, $131 m illion in Treasury deposits with Federal Reserve Banks, and $32 m illion in foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $90 m illion in U. S. Government securities bought outright and $53 m illion held under repurchase agreement, and $53 m illion in Federal Reserve float, and. a decrease of $2^ m illion in "other" F* R* accounts (net)* Total Reserve Bank credit increased $182 m illio n . As of Wednesday, November l4, holdings of U. S. Government securities bought outright were $4 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $197 million lower, and member bank borrowings were $471 million lower. Averages of daily figures Member bank reselves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 14, Nov. 7, I Nov. 15, Nov. 14, and related items 1962 1962 1 1961 1962 (In millions of dollars) Reserve Bank credit; U. S. Government securities-- Bought outright--System account 30,138 + 90 +1,758 30,123 Held under repurchase agreement 240 + 53 + 154 -- Acceptances— Bought outright 35 — •. 5 35 Held under repurchase agreement — -- * - - Discounts and advances— Member bank borrowings 144 - l4 + 22 96 Other 12 + 9 12 Float 1,300 + 53 + n4 1,552 Total .Reserve Bank credit +2B2 +2,051 31,717 Gold stock 15,978 + 1 -1,298 15,978 Treasury currency outstanding 5,550 - 5 - 33 5,550 53,396 +178 + 726 53,245 Currency in circulation 34,560 +329 +1,338 35,651 Treasury cash holdings 401 - 9 1 5ll Treasury deposits with F. R. Banks 523 +131 + 47 567 Foreign deposits with F. R. Banks 216 + 32 - 31 233 Other deposits with F. R. Banks 309 + 7 + 56 325 Other F. R. accounts (net) 798 - 24 - 194 753 36,836 36,807 7567 +1,215 Member bank reserves; With Federal Reserve Banks 16,589 -289 - 595 16,515 Currency and coin (estimated) 2,802 +118 + 145 3,258 Total reserves held 19,391 -171 - 350 19,673 Required reserves (estimated) 18,794 -217 - 359 18,930 Excess reserves (estimated) 597 + 46 + 9 753 *Less than $500,000. On November 14, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,087 million, an increase of $27 million for the week and an increase of $1,083 million from the comparable Digitized for FRASER http://fradsaert.setl ouais feyde.oargr/ ago. Federal Reserve Bank of St. Louis

H.k.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Nov, lk, Nov. 7, Nov. 15, 1962 1962 1961 .A S § E jr S Gold certificate account I**, 1*53 - 28 -l,kk9 Redemption fund for F. R: notes 3*233 t 25 + 118 Total gold certificate reserves - ' 3 -1,331 Cash (335) 333 - 18 - 35 Discounts and advances 108 -k71 - 509 Acceptances: Bought outright 3k — 5 Held under repurchase agreement -- * - 3 U. S. Government securities: Bought outright— Bills 2,389 - k - 810 Certificates 9,527 -- +7,838 Notes 13,92k -- -5,89k Bonds k, 283 -- + 639 Total bought outright 30,123 +1,773 Held under repurchase agreement — -197 - 110 Total U. S. Government securities 30,123 -201 +1,663 Total loans and securities 30,265 -672 +l,lk6 Cash items in process of collection (1,07k) 5,723 +9k0 - 81 Bank premises 105 -- 6 Other assets 6k5 + 23 + 501 TOTAL ASSETS (l,k09) 52,757 +270 + 19k L I A B I L I T I E S Federal Reserve notes (335) 29,553 +189 +1,361 Deposits: Member bank reserves 16,kl5 -281 - 850 U. S. Treasurer--general account k67 +lk2 - 168 Foreign 233 + 39 ko Other 325 + 6 + ko Total deposits 17,kko - 9k -1,018 Deferred availability cash items (1,07k) k, 271 +228 - 2kl Other liabilities and accrued dividends 7k - 2 + 1 TOTAL LIABILITIES (l,k09) 51,338 +321 + 103 c a p i t a l a c c o u n t s Capital paid in k6k — + 31 Surplus 888 -- + 71 Other capital accounts 67 - 51 - 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS(1,1*09 ) 52,757 +270 + l9k 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) 33.1# -.1$ - 3.1# Contingent liability on acceptances purchased for foreign correspondents 83 + 16 - 30 * 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, NOVEMBER lk, 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 10k 8 3,662 - 91 16 days to 90 days k 26 1,558 - 98 91 days to 1 year -- -- 12,013 - 12 Over 1 year to 5 years -- — 10,283 — Over 5 years to 10 years -- — 2, kOO -- DigitizeOdv feorr F R1A0S EyRe ars -- 207 — http://fraser.sTtlooutisafeld.org/ 155 35 30,123 -201 Federal Reserve Bank of St. Louis

11.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER l4, 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 -Gold certificate account 14,453 758 3,737 758 1,138 990 803 2,274 634 290 681 539 1,851 Redemption fund for F . R. notes 1,233 69 296 74 103 92 72 223 51 28 53 38 13^ Total gold certificate reserves 15,686 827 ^,033 832 1,241 1,082 875 2,497 6&T~ 318 73^ 577 1,985 F. R. notes of other Banks 335 19 98 38 12 17 32 25 11 27 12 12 32 Other cash 333 24 52 21 26 22 26 61 17 11 10 12 51 Discounts and advances 108 10 5 1 3 3 17 32 * * 26 9 2 Acceptances: Bought outright 3^ — 34 — — — — — — — — -- -- U. S. Government securities: Bought outright— Bills 2,389 121 590 132 201 157 131 4ll 96 49 97 97 307 Certificates 9,527 484 2,353 525 801 627 520 1,642 380 196 387 387 1,225 Notes 13,924 707 3,438 767 1,170 917 761 2,399 556 287 5 66 566 1,790 Bonds 4,283 217 1,058 236 360 282 234 738 171 89 174 174 550 Total 30,123 1,529 7,^39 1,660 2,532 1,983 1,646 " 5,190 1,263 62l" 1,224 1,224 3,872 Held under repurchase agreement Total U. S. Government securities 30,123 1,529 7,439 1,660 2,532 1,983 1,646 5,190 1,203 621 1,224 1,224 3,872 Total loans and securities 30,265 1,539 7,478 l,66l 2,535 1,986 1,663 5,222 1,203 621 1,250 1,233 3,874 Cash items in process of collection 6,797 4l4 1,3^5 468 525 497 517 1,182 336 204 3^5 255 709 Bank premises 105 3 8 3 7 5 14 24 6 4 7 13 11 Other assets 645 32 165 36 56 39 35 105 24 14 26 30 83 TOTAL ASSETS 54,166 2,858 13,179 3,059 4,402 3,6M 3,162 9,116 2,282 1,199 2,384 2,132 6,745 ♦Loss 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 NOVEMBER 14, 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 dol]Lars) L I A B I L I T I E S Federal Reserve notes 29,888 1,753 6,973 1,825 2,609 2,480 1,737 5>433 1,264 567 1,209 882 3,156 Deposits: Member hank reserves 16,4-15 633 4,421 695 1,181 704 868 2,438 648 420 813 911 2,683 U.S. Treasurer-general account 467 22 105 29 27 33 38 36 26 17 25 34 75 Foreign 233 10 1/72 13 21 10 12 31 8 5 9 12 30 Other 325 1 270 * * 4 1 2 * * 4 1 42 Total deposits 17,440 666 4,868 737 1,229 751 919 2,507 682 442 851 958 2,830 Deferred availability cash items 5,345 367 935 413 427 345 425 964 284 156 26l 208 560 Other liabilities and accrued dividends 74 4 19 4 6 5 4 12 3 1 .-..3. 3 10 TOTAL LIABILITIES 52,747 2,790 12,795 2,979 4,271 3,581 3,085 8,916 2,233 1,166 2,324 2,051 6>556 CAPITAL ACCOUNTS Capital paid in 464 22 125 26 43 22 25 65 16 11 20 27 62 Surplus 888 42 243 51 83 4o 47 124 31 20 37 50 120 Other capital accounts 67 4 16 3 .... 5... . 5 .5 11 2 2 ... 3 ... 4 .... 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 54,166 2,858 13,179 3,059 4,402 3,648_. 3,162 . 9,116 2.282 1.199 2.384 2,132 6,745 Contingent liability on accept­ ances purchased for foreign correspondents 83 4 2/23 5 8 4 4 11 _____2_ 2 ____ 3 _ _____5_ 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,134 1,813 7,280 1,876 2,763 2,577 1,802 5,578 1,322 656 1,247 931 3,289 Collateral for F. R. notes; Gold certificate account 7,730 480 1,600 465 720 775 485 1, 400 340 130 320 215 •800 Eligible paper 27 — 1 -- - - — — — - - 26 — -- U» S. Government securities 24,179 1,390 5,800 1,500 2,100 1,824 1,400 4,300 1,010 550 950 755 2,600 Total collateral 31,936 1,870 7,4oo 1,966 2,820 2,599 1,885 5,700 1,350 680 1,296 970 3,400 1/ After deducting $l6l million participations of other Federal Reserve Banks. * Less than $500,000 2/ After deducting $ 60 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis