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 *,'vU. Rfc” Condition Statement of F.R. Banks For immediate release H.4.1 * November 29, 1962 The average of daily figures of total member bank reserves held during the week ended November 28 decreased a net of $63 million to $19,623 million. Estimated currency and coin of member banks increased $123 million and their reserve balances at the Federal Reserve Banks decreased $186 million. Estimated required reserves decreased $15 million; and estimated excess reserves decreased $48 million to $561 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $166 million, compared with the revised figure of $516 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $50 million in U. S. Government securities bought outright and $42 million held under repurchase agreement, and increases of $119 million in currency in circulation, $24 million in Treasury deposits with Federal Reserve Banks, and $21 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $53 million in Federal Reserve float and a decrease of $27 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $40 million. As of Wednesday, November 28, holdings of U« S. Government securities bought outright were $8 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $124 million lower, and member bank borrowings were $25 million lower. Outright holdings of bills decreased $82 million; notes and bonds increased $33 million and $4l million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 28, Nov. 21, Nov. 29, Nov. 28, and related items 1962 1962 1961 1962 — [n millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright— System account 29,99^ - 50 +1,234 30,059 Held under repurchase agreement 18 - 42 96 -- Acceptances--bought outright 36 + 2 4 36 Discounts and advances-- Member bank borrowings 95 + 2 6 102 Other 8 - 4 + 6 1 Float 2,109 + 53 + 617 1,848 Total Reserve Bank credit 32,259 - 4o +1,7^9 32,046 Gold stock 15,978 -- - 997 15,978 Treasury currency outstanding 5,551 + 1 - 35 5,552 53,788 - 39 + 716 53,576 Currency in circulation 34,803 +119 +1,300 34,801 Treasury cash holdings 400 + 6 - 15 397 Treasury deposits with F. R. Banks 488 + 24 + 32 552 Foreign deposits with F. R. Banks 2l4 + 21 + 4 209 Other deposits with F. R. Banks 262 - 27 + 49 263 Other F. R. accounts (net) 1,023 + 3 - 120 1,026 37,191 +147 +1,251 37,248 Member bank reserves: With Federal Reserve Banks 16,597 -186 - 535 16,327 Currency and coin (estimated) 3,026 +123 + 216 3,429 Total reserves held 19,623 - 63 - 319 19,756 Required reserves (estimated) 19,062 - 15 - 159 19,109 Excess reserves (estimated) 561 - 48 - 160 647 On November 28, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,139 million, an increase of $33 million for the week and an increase of $1,295 million from the comparable date 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 ot dollars) Change since Nov. 28, Iiov. 21, Nov. 29, 1962 1962 1961 A S S E T S Gold certificate account lb, 465 - 5 - 1,119 Redemption fund for F. R. notes l,24l + 3 + 115 Total gold certificate reserves # 157706 - 2 - i,oo4 Cash (378) 317 - 6 30 Discounts and advances 103 - 36 + 52 Acceptances— bought outright 36 + 1 5 U. S. Government securities: Bought outright-- Bills 2,24l - 82 - 1,258 Certificates 13,185 -- +11,193 Notes 10,659 + 33 - 9,233 Bonds 3,974 + hi + 282 Total bought outright 30,059 - 8 + 1,284 Held under repurchase agreement -124 -- Total U. S. Government securities 30,059 -132 + 1,284 Total loans and securities 30,198 -167 + 1,331 Cash items in process of collection (1,133) 5,631 -545 + 83k Bank premises 105 — 5 Other assets bOl + 20 + 222 TOTAL ASSETS (1,511) 52,358 -700 +T35H L I A B I L I T I E S Federal. Reserve notes (378) 29,692 - 52 + 1,272 Deposits: Member bank reserves 16,327 -557 - 330 U. S. Treasurer— general account 552 +242 + k8 Foreign 209 - k 12 Other 263 + 1 + 59 Total deposits 17,351 73I5 - 235 Deferred availability cash items (1,133) 3,783 -349 + 213 Other liabilities and accrued dividends 78 + 2 + 3 TOTAL LIABILITIES (1,511) 50,90k -717 + 1,253 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 102 + 17 7 (1,511) 52,358 -700 + 1,348 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$ +.2$ - 2.91° Contingent liability on acceptances purchased for foreign correspondents 88 -- - 23 * 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 AIID SECURITIES, NOVEMBER 28, 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 98 11 23k -241 16 days to 90 days 5 25 5,073 + 32 91 days to 1 year 11,961 + 4 -- Over 1 year to 5 years ~ - -- 10,646 + 19 Over 5 years to 10 years -- -- 1,929 + 45 Over 10 years 216 + 9 • - -- Digitized for FRTAoStEaRl 103 36 30,059 -132 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

li.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 28, 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 dol]Lars) A S S E T S Gold certificate account 14,465 720 3,692 759 1,194 1,033 804 2,365 625 288 638 544 1,803 Redemption fund for F. R. notes l,24l 69 295 74 110 96 72 222 51 28 52 38 134 Total gold certificate reserves 15,706 789 3,987 533" 1,304 1,129 875 2,587 676 316 690 582 1,937 " F. R. notes of other Banks 378 21 104 36 11 21 39 29 13 30 13 15 46 Other cash 317 22 48 22 24 22 26 57 16 11 10 11 48 Discounts and advances 103 8 4 7 1 7 4 17 1 * 46 8 * Acceptances: Bought outright 36 — 36 — -- — -- “ **V — ■** *“ «■» * U. S. Government securities: Bought outright— Bills 2,24l 114 558 123 189 148 123 379 89 46 93 91 288 Certificates 13,185 669 3,283 727 1,108 869 720 2,232 527 272 547 536 1,695 Notes 10,659 54l 2,654 587 896 702 582 1,805 426 220 443 433 1,370 Bonds 3,974 202 990 219 334 261 217 673 158 82 165 162 511 Total 30,059 1,526 7,485 1,656 2,527 1,980 1,642 5,089 1,200 620 1,248 1,222 3,864"" Held tinder repurchase agreement -- — — — — -- -- -- — *■* “ — — Total U. S. Government securities 30,059 1,526 7,485 1,656 2,527 1,980 1,642 5,089 1,200 620 1,248 1,222 3,864 Total loans and securities 30,198 1,534 7,525 1,663 2,528 1,987 1,646 5,106 1,201 620 1,294 1,230 3,864 Cash items in process of collection 6,764 516 1,357 382 572 486 457 1,117 275 203 323 305 771 Bank premises 105 3 8 3 7 5 14 24 6 4 7 13 11 Other assets 4oi 20 1C4 22 37 22 22 60 15 8 19 19 53 TOTAL ASSETS 53,869 2,905 13,133 2,961 4,483 3,672 3,080 8,980 2,202 1,192 2,356 2,175 6,730 *Less than $5CO,OCO. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

* Less than $500*000* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis