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.4.1 December 6, 1962 The average of daily figures of total member bank reserves held during the week ended December 5 decreased $92 million to $19*527 million. Estimated currency and coin of member banks decreased $60 million and their reserve balances at the Federal Reserve Banks decreased $32 million. Estimated required reserves increased $82 million^ and estimated excess reserves decreased $174 million to $365 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $273 million, compared with the revised figure of $444 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $277 million in Federal Reserve float and increases of $53 million in "other" deposits with Federal Reserve Banks, $51 million in currency in circulation, and $45 million in "other1' F. R. accounts (net). The principal offsetting changes were increases of $229 million in U. S. Government securities bought outright and $170 million held under repurchase agreement. Total Reserve Bank credit increased $ll4 million. As of Wednesday, December 5, holdings of U. S. Government securities bought outright were $2l6 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $10 million higher, and member bank borrowings were $88 million higher. Outright holdings of bills, notes, and bonds increased $3 million, $105 million, and $108 million, respectively. Averages of daily figures Member bank reserves, Week ended Changes from week ended Wednesday Reserve Bank credit, Dec. 5, Iiov. 28, Dec. 6, Dec. 5* and related items 1062 1062 1961 1962 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,223 +229 + 949 30,275 Held under repurchase agreement 188 +170 + 188 10 Acceptances— bought outright 38 + 2 3 39 Discounts and advances-- Ilember bank borrowings 92 - 3 + 57 190 Other 1 - 7 -- 1 Float 1*832 -277 + 553 1,602 Total Reserve Bank credit 32,373 7115 +1,742 32,117 Gold stock 15*977 - 1 - 998 15,978 Treasury currency outstanding 5,554 + 3 - 34 5*559 53,904 +116 + 716 53,654 Currency in circulation 34*854 + 51 +1*275 35*066 Treasury cash holdings 394 - 6 22 407 Treasury deposits with F. R. Banks 500 + 12 1 359 Foreign deposits with F. R. Banks 207 - 7 9 218 Other deposits with F. R. Banks 315 + 53 + 57 316 Other F. R. accounts (net) 1,068 + 45 - 75 1,077 37*339 +148 +1,227 37*441 Member bank reserves: With Federal Reserve Banks 16,565 - 32 - 517 16,211 Currency and coin (estimated) 2,962 - 60 + 280 3*061 Total reserves held 19*527 - 92 - 237 19*272 Required reserves (estimated) 19*162 + 82 - 57 19*211 Excess reserves (estimated) 365 -174 - 180 61 On December 5, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,172 million, an increase of $33 million for the week and an increase of $1,378 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 TWELVEiFEDERAL RESERVE BANKS (in miliiblae of dollars) Chance since. Dec* 5, Nov. 28, Dec. 6, 1962 . 1962 1961 A S S E T S Gold certificate account l4, D65 - 1,108 Redemption fund for F. R. notes 1,240 - 1 + 106 Total gold certificate reserves 15,705 - 1 - 1,002 * Cash (363) 315 - 2 18 Discounts and advances 191 + 88 + 156 Acceptances--bought outright 39 + 3 3 U. S* Government securities: Bought outright-- Bills 2,244 + 3 - 1,691 Certificates 13,185 -- +11,493 Notes 10,764 +105 - 9,181 Bonds 4,082 +108 + 251 Total bought outright 30,275 +2lB + 872 Held under repurchase agreement 10 + 10 + 10 Total U« S. Government securities 30,285 +226 + 882 Total loans and securities 30,515 +317 + 1,035 Cash items in process of collection (1,058) 5,522 -209 + 809 Bank premises 105 -- 5 Other assets 367 - 34 + 170 TOTAL ASSETS (l,421) 527529 + 71 + 989 L I A B I L I T I E S Federal Reserve~notes (363) 29,956 +264 + 1,267 Deposits: Member bank reserves 16,211 -116 - 695 U. S. Treasurer— general account 359 -193 21 Foreign 218 + 9 20 Other (**) 316 + 53 + 46 Total deposits (**) 17,104 ^257 7---690 Deferred availability cash items (1,058) 3,820 + 37 + 319 Other liabilities and accrued dividends 78 -- 3 TOTAL LIABILITIES (1,421) 50,958 + 54 + 893 C A P I T A L A C C O U N T S Capital paid in 465 + 1 + 30 Surplus 888 + 71 Other capital accounts 118 + 16 5 (1,421) 52,429 + 71 + 989 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$ -- - 2.6$ Contingent liability on acceptances purchased for foreign correspondents 87 _ 1 - 28 * 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. DECEMBER 5, 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 187 11 310 + 76 16 days to 90 days 4 28 5,016 - 57 91 days to 1 year - - — 11,972 + 11 Over 1 year to 5 years -- -- 10,781 +135 Over 5 years to 10 yeaa ‘S — 1,981 + 52 Over 10 years - - - - 225 + 9 Digitized for FTRAoSt)E£Ril 191 39 30,285 +2126 http://fra's*e*r ."stLloeusissfe"dt.ohrga/ h '$500,,U00-.' Federal Reserve Bank of St. Louis

P. 4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON DECEMBER 5, 1962 San Total Boston lieu 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 14,465 779 3,350 8l4 1,129 1,070 821 2,457 617 295 603 559 1,971 Redemption fund for F. R. notes l,24o __J?_9 . 294 74 110 _ 36 _ 71 222 52 28 52 38 134 Total gold certificate reserves 15,705 848 3,644 888 1,239 1,166 892 2,679 669 323 655 597 2,105 F. R. notes of other Banks 363 25 99 37 11 18 4l 26 9 30 l4 16 37 Other cash 315 23 48 22 24 23 26 57 15 11 10 11 45 Discounts and advances 191 9 82 1 * 12 24 33 9 16 5 * Acceptances: Bought outright 39 39 U. S. Government securities: Bought outright-- Bills 2,244 114 554 124 189 148 123 380 89 46 98 91 288 Certificates 13,185 669 3,256 727 l,ic8 , 869 720 2,232. 527 272 574 536 1,695 Notes 10,764 546 2,658 593 905— 7C8 588 - ■■1*823 430-. ..222 s - 470 437 1,384 Bonds 4,082 208 1,008 224 __343 269 223 . 691 _ .163 . 84 178 166 525 Total 30,275 1,537 7,476 1,668 2,545 1,994 1,654 5,126 1,209 624 1,320 1,230 3,892 Held under repurchase agreement 10 — 10 — — -- -- -- — Total U. S. Government securities 30,285 1,537 . 7,486 1,668 2,545 1,994 1,654 5,126 1,209 624 1,320 1,230 3,892 Total loans and securities 30,515 1,546 7,607 1,669 2,545 2,006 1,678 5,159 1,218 624 1,336 1,235 3,892 Cash items in process of collection 6,48o 473 1,271 373 535 455 452 1,037 300 204 325 284 771 Bank premises 105 3 8 3 7 5 l4 24 6 4 7 13 11 Other assets ____3£l 18 95 21 . 32 „ 21 21 56 14 9 15 17 48 TOTAL ASSETS 53,850 2,936 12,772 3,013 ^,393 3,694 3,124 9,038 2,231 1,205 2,362 2,173 6,909 *Less than $500,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OE EACH FEDERAL RESERVE BANK OK DECEMBER 5> 1962 H.4.1(c) ----------r San Total Boston Y N o e r w k d P el h p i h l i a a ­ C l l a e n v d e­ m R o i n c d h­ Atlanta Chicago Lo St u . i s j M a i po n l n i e s ­ Ka C n i s t a y s Dallas F c r is a c n o ­ (In millions of dol]Lars) l i a b i l i t i e s Federal Reserve notes 30,319 1,784 7,111 1,850 2,653 2,508 1,775 5,491 1,284 569 1,219 892 3,183 Deposits: Member hank reserves 16,211 678 4,04l 733 1,150 752 871 2, 446 632 4l6 800 934 2,758 U.S. Treasurer-general account 359 20 44 20 26 21 15 49 33 18 28 24 6l F O o t r h e er ign __ 2 3P 1 1;6 8 "— 9 1 1/ 2 7 5 3 5 11 3 19 2 9 3 11 1 28 2 7 * 5 8 3 1 * 1 2 4 7 6 Total deposits 17,1C* 708 4,413 767 1,197 785 898 2, 525 672 439 839 969 2,892 Deferred availability cash items 4,878 370 832 309 4oi 326 367 799 221 162 238 226 627 Other liabilities and accrued dividends 78 4 20 4 7 4 4 l4 3 1 4 3 10 TOTAL LIABILITIES 52,379 2,866 12,376 2,930 4,258 3,623 3, o44 8,829 2,180 1,171 2, 300 2,090 6,712 CAPITAL ACCOUNTS Capital paid in 465 22 125 26 43 22 26 65 16 ll 20 27 62 Surplus 888 42 243 51 83 40 47 124 31 20 37 50 120 Other capital accounts 118 6 28 6 9 9 7 20 4 .. ... 3 ____ i_ 6 15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,850 2,936 12,772 3,013 4,393 3,694 3,124 9,038 2,231 1.205 2.362 2.173 6.909 Contingent liability on accept­ ances purchased for foreign c orre spondent s 87 1 ^ 2/24 5 8 4 4 12 3 2 4 5 12 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,626 1,845 7,435 1,923 2,813 2,6c6 1,845 5,64o 1,342 660 1,250 949 3,318 Collateral for F. R. notes: Gold certificate account 7,697 480 1,600 465 720 762 485 l, 4oo 350 130 290 215 800 E U. l ig S. i bl G e ov e p r a n p m e e r nt securities olt on 2 o 6 l ill ^ U 6 ft v 0 j 0 vj 0 v 1 900 1 2. 200 1,899 1.400 4, 900— .1,03.0 9 _ S50 1.00 1 0 6 2.700 Total collateral 32,632 1,895 7,600 1,966 2,920 2,621 1,885 5,900 l, 389 680 1,306 970 3,500 1/ After deducting $145 million participations of other Federal Reserve Banks, * Less than $500,000 2/ After deducting $ 63 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis