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 13, 1962 The average of daily figures of total member bank reserves held during the week ended December 12 decreased a net of $l6 million to $19,511 million. Estimated currency and coin of member banks increased $32 million and their reserve balances at the Federal Reserve Banks decreased $48 million. Estimated required reserves decreased $67 million; and estimated excess reserves increased $51 million to $427 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $320 million, compared with the revised figure of $284 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $93 million in U. S. Government securities held under repurchase agreement and $77 million in Federal Reserve float, and an increase of $372 million in currency in circulation. The principal offsetting changes were increases of $380 million in U. S. Government securities bought out­ right and $24 million in acceptances held under repurchase agreement, and decreases of $47 million in "other" deposits with Federal Reserve Banks and $22 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $256 million. As of Wednesday, December 12, holdings of U. S. Government securities bought outright were $376 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $17 million higher, and member bank borrowings were $47 million higher. Outright holdings of bills, notes, and bonds increased $2ol million, $49 million, and $66 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Dec. 12, Dec. 5, Dbc • Dec. 3.2, and related items 1962 1962 1961 1962 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,603 +380 +1,269 130,651 Held under repurchase agreement 95 - 93 + 95 ! 27 Acceptances-- Bought outright 43 + 5 -7 | 43 Held under repurchase agreement 24 + 24 + 24 9 Discounts and advances— Member bank borrowings 107 + 15 + 67 237 Other 2 + 1 + 2 1 Float 1,755 - 77 + 392 1,696 Total Reserve Bank credit 327529 +256 +1,849 32,664 Gold stock 15,977 -- - 984 15,978 Treasury currency outstanding 5,559 + 5 - 31 5,560 5^,165 +261 + 834 54,202 Currency in circulation 35,226 +372 +1,289 35,334 Treasury cash holdings 402 + 8 21 ; 405 Treasury deposits with F. R. Banks 478 - 22 + 18 1 532 Foreign deposits with F. R. Banks 207 -- 4o 213 Other deposits with F. R. Banks 268 - 47 + 4o | 261 Other F. R. accounts (net) 1,068 — - 63 j 1,006 37,649 +310 +1,223 j: 37,75i Member bank reserves: With Federal Reserve Banks 16,517 - 48 - 389 16,451 Currency and coin (estimated) 2,994 + 32 + 158 3,4l8 Total reserves held 19,511 - 16 - 231 19,869 Required reserves (estimated) 19,084 - 67 - 92 19,224 Excess reserves (estimated) 427 + 51 - 139 645 On December 12, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,301 million, an increase of $129 million for the week and an increase of $1,385 million from the comparable Digitized for FRASER date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATE!) STATEMENT CF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Chance since Dec. 12, Dec. 5, Dec. 13, 1062 1062 1961 A S S E T S H D O 1 D Gold certificate account 14,446 - 19 - 1,049 Redemption fund for F. R. notes 1,254 + l4 -f 96 Total gold certificate reserves 15,700 - 5 - 953 * Cash (345) 293 - 22 - 12 Discounts and advances 238 + 47 189 Acceptances: Bought outright 43 + 4 -- Held under repurchase agreement 9 + 9 + 9 U. S. Government securities: Bought outright— Bills 2,505 +261 1,225 Certificates 13,185 -- +11,486 Notes 10,813 + 49 - 9,171 Bonds 4,148 + 66 + 302 Total bought outright 30,651 +376 + l, 392 Held under repurchase agreement 27 + 17 + 27 Total U. S. Government securities 30,678 +393 + 1,419 Total loans and securities 30,968 +453 + 1,617 Cash items in process of collection (958) 5,583 +161 + 213 Bank premises 105 -- - 5 Other assets 390 + 23 + 173 TOTAL ASSETS (1,303) 53,039 +610 + 1,033 L I A B I L I T I E S Federal Reserve notes (345) 30,194 +238 + 1) 300 Deposits: Member bank reserves 16,451 +240 - 466 U. S. Treasurer--general account 532 +173 - 55 Foreign 213 - 5 - 30 Other (**) 261 - 55 + 73 Total deposits (**) 17,457 +353 - 575 Deferred availability cash items (958) 3,887 + 67 + 120 Other liabilities and accrued dividends 83 + 5 + 6 TOTAL LIABILITIES (1,303) 51,621 +bb3 + 948 C A P I T A L A C C O U N T S Capital paid in 465 -- + 26 Surplus 888 + 71 Other capital accounts 65 - 53 - 12 TOTAL LIABILITIES AND CAPITAL ACCOUNTS(l,303) 53,039 +610 4- 1,033 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) 32.7$ -.4$ - 2.6$ Contingent liability on acceptances purchased for foreign correspondents 88 + 1 - 29 * 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 12, 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 234 18 347 + 37 16 days to 90 days 4 3^ 5,170 +154 91 days to 1 year - - -- 12,060 + 88 Over 1 year to 5 years — — 10,856 + 75 over 5 years to 10 years — — 2,015 + 34 Over 10 years -- -- 230 + 5 Total 235 52 30/6f8 +393 Digitized for FRASER ** Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 12, 1962 San Ilev Phila- Cleve­ Rich­ St. Minne­ Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran­ cisco (In raillions of dollars) A S S E T S Gold certificate account 14,446 821 3,697 809 1,071 1,023 825 2,414 64o 289 589 536 1,732 Redemption fund for F. R. notes 1,254 71 304 76 109 95 71 222 53 28 52 40 133 Total gold certificate reserves 15,706 892“ 4,001'"— BBT" 1,180 1,118 896'' “ 2,636 693 3l"f 64i 57b 1,865 ; A . R. notes of other Banks 345 20 94 31 11 20 36 26 9 27 l4 l4 43 Other cash 293 21 47 22 22 22 23 53 13 10 9 9 42 Discounts and advances 238 19 46 9 4 3 23 76 3 1 32 5 17 Acceptances: Bought outright 43 . 43 -- — -- — — — — — — — *** Held tinder repurchase agreement ? 0 ^ : 1 ! i _ " _ 9 ti. S. Government securities: | ; Bought outright— 5 | \1 Bills ; 2,505 |i 127 619 138 210 165 137 424 100 52 109 102 322 Certificates ; 13,185 669 3,256 727 1,108 869 720 2,232 527 272 574 536 1,695 Notes ! 10,813 549 2,670 596 909 712 591 1,831 431 223 472 439 1,390 Bonds ! 4,148 211 1,024 228 349 273 227 702 166 85 181 169 533 Total 30,651 1/556 7,569 1,589 2,570 2,019 1,675 5,189 1,224 S3 1,336 '1,246" ' 3,940 Held under repurchase agreement ’ 27 -- 27 — — — — -- -- -- — - - — — 1------- Total U. S. Government securities ! 30,678 \ 1,556 7,596 1,689 2,576 2,019 1,675 5,189 1,224 632 1,336 1,246 3,940 \....— t Total loans and securities j30,968 ! 1,575 7,694 1,698 2,580 2,022 1,698 5,265 1,227 633 1,368 1,251 3,957 j s Cash items in process of collection \ 6.541 1 44o 1,214 370 576 492 489 1,080 306 204 334 273 763 Banli premises : 105 ! 3 8 3 7 5 14 24 6 4 7 1 -t 3 n 11 18 Other assets : 390 1 19 ICO 21 35 21 22 62 15 9 17 51 TOTAL ASSETS | 54,342 \ 2,970 13,158 3,030 4,4ll 3,700 3,178 9,146 2,269 1,204 2,390 2,154 6,732 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 DECEMBER 12, 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 dollars) L I A B I L I T I E S Federal Reserve notes 30,539 1,798 7,164 1,860 2,676 2, 520 1,794 5, 518 1, 295 573 1,227 9CC 3,2l4 Deposits: Member bank reserves 16,451 671 4,488 738 1,136 711 842 2, 526 648 4o4 8c8 897 2, 582 U.S. Treasurer-General account 532 56 28 30 52 61 54 52 31 27 44 29 68 Foreign 213 9 1/68 11 19 9 11 28 7 5 8 11 27 Other 261 1 202 2 1 2 1 2 l * 2 1 46 Total deposits 17,457 737 4,786 781 1,208 783 908 2,6c8 687 436 862 938 2,723 Deferred availability cash items 4,845 364 805 304 388 324 394 8c6 236 160 237 231 596 Other liabilities and accrued dividends 83 4 20 5 8 6 4 13 3 2 4 4 10 TOTAL LIABILITIES 52,924 2,903 12,775 2,950 4,280 3,633 3,100 8,945 2,221 1,171 2, 330 2,073 6,543 CAPITAL ACCOUNTS i t Capital paid in 465 ! 22 125 26 43 22 26 65 16 11 20 27 62 Surplus 888 ! 42 243 51 83 4o 47 124 31 20 37 50 120 Other capital accounts 65 ! 3 15 3 5 5 5 12 1 2 3 4 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 54,342 1------- .13x15-8 . 3^030 . 4,4n 3,700 ._Jl,1Z8 . 9.146 2^269 _ 1.204 2,390 205.4 _ 63132. ContinGent liability on accept­ ances purchased for foreicn correspondents 88 4 2/24 5 8 4 5 12 3 2 4 5 12 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstandinG 31,825 1,850 7,473 1,924 2,835 2,626 1,859 5,663 1,353 66 2 l, 266 958 3,356 Collateral for F. R. notes: Gold certificate account 7,717 480 1,6 00 465 720 782 485 1,4oo 350 130 290 215 80C EliGible paper 44 9 3 32 U. S. Government securities 24,974 .1,415... 6,000 l, 500 2,200 1,859 i,4co 4, 500 1,050 550 1.0C0 800 . _2,_7_C_0 Total collateral 3 2 ,735 1,895 7,600 1,974 2, 920 2,64l 1,885 5,900 l, 403 680 1,322 l, 015 3,50c __' W T -*- ’ y WJ. W X ^ L J,lV.UVyJ. VV^ • Digitized for FRASER * Less than $500,CCC< http://fraserj.s^tlo/ uAisfefdt.oerrg/ deducting $ 64 m illion p articip ation s of other Federal Reserve Banks. Federal Reserve Bank of St. Louis