H.4.1 Factors Affecting Reserve Balances of Depository Institutions

The principal chances supplying average reserve balances with Federal Reserve Banks were increases of $407 million in member bank borrowings, $99 million in U. S. Government securities held under repurchase agreement, and $27 million in acceptances held under repurchase agreement, and decreases of $132 million in currency in circulation and $37 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $158 million in Federal Reserve float and increases of $70 million in foreign deposits with Federal Reserve Banks, and $28 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $371 million. As of Wednesday, January 2, holdings of U. S. Government securities bought outright were $11 million lower than a week earlier, U. S. Government securities held under repurcho.se agreement were $145 million lower, and member bank borrowings were $l6l million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Jan. 2, Dec. 26, Jan. 3, Jan. 2, and related items 1963 1962 1962 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright— System account 30,478 - 11 +1,758 ! 30,478 Held under repurchase agreement 120 + 99 - 91 |i Acceptances— i 54 Bought outright 52 + 5 + 4 Held under repurchase agreement 54 + 27 + 50 ! 57 Discounts and advances-- Member bank borrowings 714 +407 + 373 86 Other 2 + 1 - 13 1 Float 2,684 -158* + 329 2,913 Total Reserve Bank credit 34,104 +371* +2,409 ; 33,589 Gold stock 15,978 -- - 911 15,978 Treasury currency outstanding 5,570 + 6 16 5,572 55,652 +377* +17482 i 55,139 Currency in circulation 35,339 -132 +1,420 1 35,267 Treasury cash holdings 409 + 14 20 4l6 Treasury deposits with F. R. Banks 628 - 37 + 187 : • 694 Foreign deposits with F. R. Banks 280 + 70 10 : 248 Other deposits with F. R. Banks 319 + 24* + 22 1 289 Other F. R. accounts (net) 1,054 + 28 + 1 ; 993 38,029 - 33* +1,600 ^ 37,907 Member bank reserves: With Federal Reserve Banks 17,623 +4ll . - 117 17,233 3,380 Currency and coin (estimated) 3,317' +201 + 255 Total reserves held 20,940 +6l2 + 138 ! 20,613 Required reserves (estimated) 19,990 +225 - 86 i 20,238 Excess reserves (estimated) 950 +387 + 224 1 375 * December 26 figures corrected. On Jo.nuc.ry 2, 1963, U. S. Government securities held in custody by the Federal Reserve Bunks for foreign account were $6,955 million, a decrease of Digitized $fo1r 9FR7A SmEiRl lion for the week and an increo.se of $942 million from the comparable http://fraser.stlouisfed.org/ da.te a year ago. Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION 'OF THE TWELVE FEDEBAL EESEEVE BANKS (in millions of dollars) Change since Jan. 2, Dec. 26, Jan. 3, 1963 1962 1962 A S S E T S Gold certificate account l4,430 -- - 1,015 Redemption fund for F. R. notes 1,266 x + 96 Total gold certificate reserves * 157^96 -- - 919 Cash (497 ) 282 + 6 - 4i Discounts and advances 87 ~ 161 - 171 Acceptances: Bought outright 54 4- 6 + 7 Held under repurchase agreement 57 4- 20 + 54 U. S. Government securities: Bought outright-- Bills 2; 442 - 11 - 778 Certificates; 13) 182 -- +11,483 Notes 10)717 -- - 9,267 Bonds 41137 -- 4- 291 Total Bought outright 30)478 - 11 + 1,729 Held under repurchase agreement — *r - 145 - ■184 Total U. S. Government securities 30,4 f8 1 I58 +17555 Total loans and securities 30,676 - 291 4* 1,435 Cash items in process of collection (l,5io) 6,908 +1,302 4- 553 Bank premises 104 — - 6 Other assets 375 + 29 + 126 TOTAL ASSETS (2,007) 54,c4l +1,o46 4-17158 L I A B I L I T I E S Federal Reserve notes (497) 30)110 - 284 4- l, 365 Deposits: Member hank reserves 17,233 + 366 - 573 U. S. Treasurer--general account 694 + 92 4- 333 Foreign 248 + 19 - 108 Other 289 - 33 4* 10 Total deposits I8T555 +“r o - 338 Deferred availability cash items (l,5lb) 3,995 + 957 4- 51 Other liabilities and accrued dividends - 20 4- 1 , 65 TOTAL LIABILITIES (2,007) 52,634 +1,097 4- 1,079 C A P I T A L A C C O U N T S Capital paid in 469 + 2 4- 23 Surplus 934 + 46 4- 46 Other capital accounts 4 - 99 -- TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,007) 54.041 +1,046 4- 1,148 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (coin­ put ed from figures as shown on the fol­ lowing pages--not consolidated) 32.0 # 1 • OJ - 2.6# Contingent liability on acceptances purchased for foreign correspondents 86 + 2 - 38 * 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, JANUARY 2, 1963 (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 84 71 4ll -108 16 days to 90 days 3 4o 5,164 + 39 91 days to 1 year - - 11,850 - 87 Over 1 year to 5 years 10,808 - - - - - «. Over 5 years to 10 years «... ... 2,094 - - Over 10 years Digitized for FRASER - - - - 151 - http://fras T er o .s t tlo a u l isfed.org/ 57 ill 30,478 5138 Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 2, 1963 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] .ars) A S S E T S Gold certificate account 14,430 754 4,065 654 1,084 939 734 2,449 567 298 688 434 1,764 Redemption fund for F. R. notes 1,266 72 303 76 112 ICO 71 221 53 28 51 40 139 Total gold certificate reserves 15,696 826 4,368 730 1,196 1,039 805 2,670 620 326 739 474 1,903 F. R. notes of other Banks 497 44 93 43 33 38 54 44 22 33 16 20 57 Other cash 282 23 36 l6 21 27 22 52 16 9 10 10 40 Discounts and advances 87 * 1 * 17 1 2 21 11 * 31 * 3 Acceptances: Bought outright 54 — 54 — — -- -- — — — — — — Held under repurchase agreement 57 — 57 -- -- -- -- ~ ““ — — “* — mm mm U. S. Government securities: Bought outright— Bills 2,442 118 603 l4o 196 160 l4l 413 101 50 100 100 320 Certificates 13,182 637 3,255 754 1,060 866 760 2,232 545 272 537 536 1,728 Notes 10,717 518 2,647 6l4 862 704 618 l,8l4 443 221 436 435 1,405 Bonds 4,137 200 1,022 237 333 272 238 701 171 85_ 168 168 542 Total 30J478 w 7,527 1,745 2,451 2,002 1,757 5,160 1,260 628^ l,24l 1,239 3,995 Held under repurchase agreement -- — — -- — — — -- -- -- •*- — — — Total U. S. Government securities 30,478 1,473 7,527 1,745 2,451 2,002 _J^I5X_ 5,160 1,260 628 1,241 -1*23-2-.3-*22i_ Total loans and securities 30,676 1,473 7,639 1,745 2,468 2,003 1,759 5,181 1,271 628 1,272 1,239 3,998 Cash items in process of collection 8,4l8 627 1,820 497 748 651 665 1,179 357 216 364 333 961 Bank premises 104 3 8 3 7 5 13 24 6 4 7 13 11 Other assets 375 18 95 21 32 23 22 59 15 _____2_ 16 16 *2_ TOTAL ASSETS 56,048 3,014 14,059 3,055 4,505 3,786 3,340 9,209 2,307 1,225 2,424 2,105 7,019 *Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF' CONDITION OF' EACH FEDERAL RESERVE BANK ON JANUARY 2, 19^3 H.4.1(c) 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 30,607 1,798 7,212 1,857 2,678 2, 519 1,788 5, 527 1,295 578 1, 222 910 3,223 Deposits: Member bank reserves 17,233 738 5,191 684 1,158 687 863 2,497 638 405 829 780 2,763 U.S. Treasurer-general account 694 i 63 66 44 42 74 30 112 36 31 42 39 115 Foreign 248 | 11 l/8l 13 22 10 12 32 8 5 10 13 31 Other 289 1 241 l 1 3 1 2 * 1 1 * 37 Total deposits 18,1*64 813 5,579 742 1,223 774 906 2,643 682 442 882 832 2,946 Deferred availability cash items 5,505 333 873 372 468 422 565 829 280 171 257 280 655 Other liabilities and accrued dividends 65 4 16 3 5 5 4 11 2 l 3 3 8 TOTAL LIABILITIES 54,64l 2,948 13,680 2,974 4,374 3,720 3,263 9,oio 2,259 1,192 2,364 2,025 6,832 CAPITAL ACCOUNTS C S a u p r i p t lu a s l paid in 9 4 3 69 4 2 4 2 4 1 2 2 5 7 1 2 5 7 4 8 43 7 2 4 2 4 2 5 6 1 13 6 2 6 1 3 6 2 l 2 l 2 2 4 0 o 2 5 7 3 1 6 2 2 4 Other capital accounts 4 * 1 * l * * 1 * * * * 1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 56,o48 3,014 14,059 3,055 4,505 3,786 3,34o 9,209 2, 307 1,225 2,424 2,105 7,019 Contingent liability on accept­ ances purchased for foreign corre spondent s 86 4 2/23 5 8 4 4 12 3 2 4 5 12 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 32,107 1,875 7,508 1,934" 2, 862 2,643 1,883 5,724 1,366 672 1,266 970 3,402 Collateral for F. R. notes: Gold certificate account 7,699 535 l, 60c 465 670 744 500 1, 400 350 130 290 215 80c Eligible paper 43 * 1 11 31 U. S. Government securities 25,124 1,365 6,000 1,500 2,250 1,909 l,4co 4,500 .1*050.____ 550 1,000 80c 2.800 Total collateral 32,866 1,900 7,600 1,965 2,920 2, 654 1,900 5,900 1,4ll 680 1, 321 1,015 3,600 1/ After deducting $167 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