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 20, 1962 The average of daily figures of total member bank reserves held during the week ended December 19 increased $419 million to $19,945 million. Estimated currency and coin of member banks increased $165 million and their reserve balances at the Federal Reserve Banks increased $254 million. Estimated required reserves increased $350 million; and estimated excess reserves increased $69 million to $516 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $353 million, compared with the revised figure of $340 million the week before. The principal changes supplying average reserve balances with Federal Reser/e Banks were increases of $688 million in Federal Reserve float and $56 million in member bank borrowings and a decrease of $57 million in "other" F. R. accounts (net). The principal offsetting changes were decreases of $110 million in U. 8. Government securities bought outright and $95 million held under repurchase agreement, and increases of $191 million in Treasury deposits with Federal Reserve Banks and $140 million in currency in circulation. Total Reserve Bank credit increased $534 million. As of Wednesday, December 19, holdings of U. S. Government securities bought outright were $l62 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $27 million lower, and member bank borrowings were $79 million higher. Outright holdings of bills, certificates, notes, and bonds decreased $52 million, $3 million, $96 million, and $11 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday. Reserve Bank credit, Dec. 19, Dec. 12, Dec. 20, Dec. 19,' and related items 1962 1962 1961 _ 1962 (In millions of dolla.ro) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,493 -no +X) b&G 30,489 Held under repurchase agreement ** *■* - 95 *■ — Acceptances-- Bought outright 45 + 2 — 44 Held under repurchase agreement 18 - 6 + 18 23 Discounts and advances-- Member bank borrowings 163 + 56 + 54 316 Other 1 - 1 + 1 1 Float 2,443 +688 + 203 2,770 Total Reserve Bank credit 33,163 753S +1,762 33,643 Gold stock 15,978 + 1 - 942 11 15,978 Treasury currency outstanding 5,560 + l - 28 1! 5,560 54,700 +535 + 791 jj 55,181 Currency in circulation 35,366 +l4o +1,294 i 35,437 Treasury cash holdings 399 - 3 - 25 4o4 Treasury deposits with F. R. Banks 669 +191 + 69 708 Foreign deposits with F. R. Banks 208 + 1 7 i 207 Other deposits with F. R. Banks 277 + 9 + 58 296 Other F. R. accounts (net) 1,011 - 57 - 91 ! 1,017 37,929 +280 +1,297 ! '38,069 i Member bank reserves: With Federal Reserve Banks 16,771 +254 - 506 i 17,113 Currency and coin (estimated) 3,174 +165 + 217 ! ! 3,456 Total reserves held 19,9^5 +4l9 - 289 i 20,569 Required reserves (estimated) 19,429 +350 - 227 : 19,717 Excess reserves (estimated) 516 + 89 - 62 i 852 On December 19, 1962, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,375 million, an increase of $74 million for the week and an increase of $1,389 million from the comparable Digitized for FRASER date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l.l(a) CONSOLIDATED STATEMENT* OP CONDITlbN OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) _____Change since Dec. 19, Dec. 12, Dec. 20, 1962 1962 1961 A S S E T S Gold certificate account ll, 111 - 2 - 1,012 Redemption fund for F. R. notes 1,256 4 2 4- 97 Total gold certificate reserves 15,700 - - — SL ON 1—1 tf\ 7V Cash (378) 287 - 6 - 8 Discounts and advances 317 + 79 4 ll Acceptances: Bought outright 11 4 l - 3 Held under repurchase agreement 23 4 ll 4 23 U. S. Government securities: Bought outright— Bills 2,153 - 52 - 975 Certificates 13,182 - 3 +11,183 Notes 10,717 - 96 - 9,267 Bonds 1,137 - 11 4 291 Total "bought outright 30,189 - 162 4 1,532 Held under repurchase agreement -- - 27 -- Total U. S. Government securities 30,189 - 189 4 1,532 Total loans and securities 30,873 - 95 4 1,566 Cash items in process of collection (1,091) 7,^9 +1,866 4 378 Bank premises 105 -- - 5 Other assets loo 4 10 4 192 TOTAL ASSETS (1,169) 51,811 +1,775 4 1, 2C8 L I A B I L I T I E S Federal Reserve notes (378) 30,289 4 95 4 l, 261 Deposits: Member bank reserves 17,113 4 662 - 392 U. S. Treasurer--general account 708 4 176 4 150 Foreign 207 - 6 - 12 Other 296 4 35 4 109 Total deposits 18,32I 4 867 - 175 Deferred availability cash items (1,091) 1,679 4 792 4 26 Other liabilities and accrued dividends 81 - 2 4 1 TOTAL LIABILITIES (1,169) 53,373 +1,752 4 1,119 C A P I T A L A C C O U N T S Capital paid in 167 4 2 4 22 Surplus 888 -- 4 71 Other capital accounts 86 4 21 - 1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,169) 5l,8ll +1,775 4 1, 208 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) 32.0 <t> - •7# - 2.7$ Contingent liability on acceptances purchased for foreign correspondents 86 - 2 - ^1 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined "basis on the follox/ing pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 19, 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 Changes Discounts and advances Acceptances Holdings during veek Within 15 days 313 30 121 + 7I 16 days to 90 days 1 37 1,992 -178 91 days to 1 year 12,023 - 37 - - - - Over 1 year to 5 years 10,808 - 18 - - - Over 5 years to 10 years -- 2, 09l + 79 ... Digitized O f v or e F r R A 1 S 0 E R y ears «. •> 151 - 79 http://fraser.stlo T u o is t fe a d l .org/ 317 30,189 7189 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON DECEMBER 19, 1962 H.4.1(h) San Nev Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston York delphia land mond Louis apolis City cisco (In millions of dol].ars) A S S E T S Geld certificate account l4,444 713 3,998 814 1,029 954 817 2,35^ 566 274 643 564 1,718 Redemption fund for F. R. notes 1,25 6 71 304 76 109 97 71 222 53 28 52 39 134 Total gold certificate reserves 15,700 784 4,302 890 1,138 1,051 888 2,576 619 302 695 603 1,852 F. R. notes of other Banks 378 28 92 3^ 11 23 37 27 12 29 14 18 53 Other cash 287 21 47 18 20 22 22 50 15 10 9 9 44 Discounts and advances 317 4 114 2 7 24 l4 95 13 # 32 6 6 Acceptances: Bought outright 44 -- 44 — — "** •** mm mm m mm Held under repurchase agreement 23 23 U. S. Government securities: Bo B u C i g e l h r l t t s if o i u c t a r t i e g s ht— 1 2 3 , , 4 1 5 8 3 2 1 6 2 6 4 9 3,2 6 5 0 5 6 1 7 3 2 5 6 1,1 2 0 0 8 6 8 1 6 6 8 2 1 7 3 2 4 0 2,2 4 3 15 2 5 9 3 9 1 27 50 2 I 5 C 3 O 7 1 5 0 36 0 1,7 3 2 2 8 2 B N o o n t T e d o s s tal 1 3 0 4 0 , , , 7 1 4 1 3 8 7 7 9 1,5 5 2 4 1 ^ 4 0 7 2 1 7 , , ,0 6 5 2 4 2 2 6 9 1, 2 5 6 2 9 8 8 1 6" 2,5 9 3 6 4 0 3 8 1 2, 7 C 2 O 0 7 t 6 2 S 1,6 5 2 8 2 6 6 6 b l 5 , , 8 1 7 l 6 0 4 2 1 1,2 4 1 2 3 6 9 2 7 2 6 8 2 2 5 1 8“ 1, 4 1 2 6 3 4 8 6 1 1* 4 1 2 6 3 3 8 5 9 1 3 , j 4 5 y 0 4 y 5 2 / *“ ** Held under repurchase agreement — — Total U. S. Government securities 30,489 1,547 7,529 1,680 2,563 2,CC8 1,666 5,162 1,229 628 1,241 1,239 3,997 motal loans and securities 30,873 1,551 7,710 1,682 2,570 2,032 1,680 5,257 1,242 628 1,273 1,245 4,003 Cas c h o ll i e te c m t s i on i n process of 8,540 538 1,5^7 468 749 660 570 1,660 387 232 426 327 9 1 76 1 Bank premises 105 3 8 3 7 5 l4 24 6 4 7 13 Other assets 400 20 102 22 36 23 23 62 l4 9 17 19 53 TOTAL ASSETS 56,283 2,945 13,808 3,117 ^,531 3,8l6 3,23^ 9,656 2,295 1,214 2,441 2,234 6,992 -»-Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 19, 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) L I A B I L I T I E S Federal Reserve notes 30,667 ; 1,803 7,207 1,868 2,696 2,535 1,802 5,537 1,302 574 1, 226 904 3,213 Deposits: Member bank reserves 17,113 i 649 4,770 750 l, 139 752 879 2,675 628 407 8o4 960 2,700 U.S. Treasurer-general account 708 s 23 156 4l 4i 37 37 137 31 30 53 27 95 Foreign 207 i 8 1/77 10 17 8 10 25 6 4 8 10 24 Other 296 1 237 l l 3 l 2 * * 2 * 48 Total deposits 18, 324 681 5,240 802 1,198 800 927 2,839 665 44i 867 997 2,867 Deferred availability cash items 5,770 I 388 954 360 497 408 422 1,063 276 l64 284 247 707 Other liabilities and accrued dividends 81 : 4 19 5 7 4 4 13 _____L_ 2 _____ 1_ 4 13 TOTAL LIABILITIES 54, 842 2,876 13, 420 3,035 4,398 3,747 3,155 9,452 2,246 l, 181 2,380 2,152 6,800 CAPITAL ACCOUNTS ; Capital paid in 467 i 22 125 27 43 22 26 66 16 11 20 27 62 Surplus 888 ! 42 243 51 83 4o 47 124 31 20 37 50 120 Other capital accounts 86 ; 5 20 4 7 7 6 l4 2 2 4 _____ L_ 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 56,283 2,945 13,808 3,117 4,531 3,816 3,234 9,656 2,295 1,214 2,44l 2,234 6,992 i 1 Contingent liability on accept­ 1 ances purchased for foreign i correspondents 86 j 4 2/23 5 8 4 4 12 3 2 4 5 12 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,931 1,857 7,481 1,936 2,843 2,649 1,879 5,685 1,357 661 1,262 953 3,368 Collateral for F. R. notes: Gold certificate account 7,702 480 1,600 465 720 752 500 1,400 350 130 290 215 800 Eligible paper 47 -- - - 2 -- -- -- 13 -- 32 -- - - U., S. Government securities 25,oi4 1. ij-15 6,000 !♦ 500 2.200 1.899 l.4oo 0 0 1.050 550 1.000 800 _.2,J-Q-Q— Total collateral 32,763 1,895 7,600 1,967 2,920 2,651 1,900 5,900 1,413 680 1,322 1,015 3,500 1f After deducting $130 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