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 January 17, 1963 h ,5.i The average of daily figures of total member bank reserves held^during the week ended January l6 decreased $240 million to $20,060 million. Estimated currency and coin of member banks decreased $10 million and their reserve balances at the Federal Reserve Banks decreased $230 million. Estimated required reserves decreased $278 million; and estimated excess reserves increased $38 million to $^79 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $500 million, compared with the revised figure of $378 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $330 million in Federal Reserve float and $177 million in U. S. Government securities bought outright, and an increase of $56 million in Treasury deposits with Federal Reserve Banks. The principal off­ setting changeevas a decrease of $328 million in currency in circulation. Total Reserve Bank credit decreased $502 million. As of Wednesday, January l6, holdings of U. S. Government securities bought outright were $228 million lower than a week earlier and member bank borrowings were $13 million higher. Outright uoldings of bills and notes decreased $213 million and $15 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Jan. l6, January 9, January 17, Jan. l6, and related items 1963____ ___1962 1963 .. (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,227 -177 +1,726 30,038 Held under repurchase agreement — — - 19 — — Acceptances-- Bought outright 61 + 2 + 11 59 Held under repurchase agreement 25 - 5 + 25 23 Discounts and advances— Member bank borrowings 19 + 16 + 10 87 Other l - 1 - 19 1 Float 2,392 -336 + 522 1 2,175 Total Reserve Bank credit 327785 -502 +2,255 3273S3 Gold stock 15,963 - 15 - 876 15*928 Treasury currency outstanding 5,563 - 9 - 23 5,565 55,310 I52S +1,355 53,876 Currency in circulation 35,695 -328 +1,308 35,559 Treasury cash holdings 5l2 - 11 - 28 i+25 Treasury deposits with F. R. Banks 767 + 56 + 332 780 Foreign deposits with F. R. Banks 232 + 6 200 Other deposits with F. R. Banks 298 - 8 + 6 287 Other F. R. accounts (net) 98O - 11 60 ___95§ 37,383 -296 +1,558 37,199 Member bank reserves: With Federal Reserve Banks 16,927 -230 - 203 16,677 Currency and coin (estimated) 3,133 - 10 + 207 3,350 Total reserves held 20,066 1255 + 5 20,027 Required reserves (estimated) 19,581 -278 + 129 19,683 Excess reserves (estimated) 579 + 38 - 125 355 On January 16, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,138 million, an increase of Digitize$d lfo 6 r lFR mASiElRl ion for the week and an increase of $1,621 million from the comparable http://fradsaetr.setl ouai sfeyde.oarrg/ ago. Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Jan. l6, Jan. 9, Jan. 17, 1962 1963 1963 A S S E T S Gold certificate account 14,363 - 52 - 1,040 Redemption fund for F. R. notes 1, 279 + 2 + 120 Total gold certificate reserves * 157^52 - 50 - 920 Cash (660) 371 + 48 - 59 Discounts and advances 88 + 13 - 196 Acceptances: Bought outright 59 -- + 12 Held under repurchase agreement 23 - 2 *+• 23 U. S. Government securities: Bought outright-- Bills 2,017 -213 - 915 Certificates 13,182 +11,489 Notes 10,702 - 15 - 9,282 Bonds 4,137 -- + 325 Total bought outright 30,038 -228 + 1,617 Held under repurchase agreement -- — 20 - Total U. S. Government securities 30,038 -228 l, 597 Total loans and securities 30,208 -217 -f l, 436 Cash items in process of collection (1,188) 6,562 +591 + 788 Bank premises io4 - - - ' 7 Other assets 446 + 46 + 167 TOTAL ASSETS (1,8kQ) 53,333 +4i8 + 1, *f05 L I A B I L I T I E S Federal Reserve notes (660) 29,494 -288 + 1,244 Deposits: Member bank reserves 16,677 +154 - 421 U. S. Treasurer--general account 780 - 33 + 289 Foreign 200 - 4l i8 - Other (**) 287 - 5 - 13 Total deposits (**) 17,944 + 75 - 183 Deferred availability cash items (1,188) 4,387 +616 249 Other liabilities and accrued dividends 67 - - + 6 TOTAL LIABILITIES (1,848) 51,892 +403 + 1,336 C A P I T A L A C C O U N T S Capital paid in 470 — + 23 Surplus 934 46 - - Other capital accounts 37 + 15 - - TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,848) 53,333 +4i6 + l, 405 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) 32.5$ - 2.71o Contingent liability on acceptances purchased for foreign correspondents 84 - 1 - 34 * 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 l6, I963 (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 87 35 356 - 54 16 days to 90 days 1 47 4,958 - 4c 91 days to 1 year -- -- 11,686 -119 Over 1 year to 5 years -- -- 10,793 - 15 Over 5 years to 10 years „ -- 2,094 -- Over 10 years „ -- 151 -- Total B8 82 30,638 -228 Digitized for FRASER http:/*/fr*a seLr.estslosu istfehda.onrg / $500,000. Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY l6, 1963 H.4.l(h) 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) A S S E T S Gold certificate account 1^,363 772 3,705 802 1,021 989 798 2,447 599 309 646 617 1,658 Redemption fund for F. R• notes 1,279 74 302 76 112 99 76 231 53 28 51 39 138 Total gold certificate reserves 15,642 845" 4,007 878 1,133 1,688 874 2,678 652 337 697” 656 1,796 F. R. notes of other Banks 660 53 131 68 46 51 60 61 22 35 15 33 85 Other cash 371 29 60 20 31 31 30 61 18 10 12 12 57 Discounts and advances 88 * l4 8 5 2 * 4l 5 1 12 * * Acceptances: ■* *• 0 m mm Bought outright 59 59 Held under repurchase agreement 23 23 — — — — — — — U. S. Government securities: Bought outright— Bills 2,017 98 503 1 72 1 6 1; 1,1 1 0 7 8 0 8 13 6 3 8 n 72 o 0 2,2 3 3 4 2 1 5 8 26 0 2 4 7 2 2 5 8 7 8 5 5 8 3 2 6 1,6 2 9 5 5 9 Certificates 13,182 639 3,285 B N o o n t T d e o s s tal 1 30 4 0 , , , 0 7 1 3 0 3 6 2 7 1, 5 4 2 1 5 0 8 5 0 2 1 7 , , 7 6 0 6 3 W 8 1 1,8 5 2 9 2 5 8 5 0 2,5 8 3 2 9 4 " 9 8 5 1,9 7 2 0 7 7 5 2 8 1, 5 2 6 8 2 4 6 5 l 1 5 , , 8 0 7 8 1 0 2 6 1 1, 4 2 1 2 6 0 8 6 0 2 6 8 2 1 5 0 9 1,3 4 1 1 6 8 0 6 1 1, 4 2 16 3 2 5 8 1 - — - 1 A , " 3 5 Q 7 3 g' 6 T 1 "" Held under repurchase agreement Total U. S. Government securities 30,036 1,455 7,487 1,655 2,525 1,978 1,641 5,086 1,200 619 1,310 1,221 3,861 Total loans and securities 30,2061 1,455 7,583 1,663 2,530 1,980 1,64l 5,127 1,205 620 1,322 1,221 3,861 Cash items in process of collection 7,75C: 456 l,6ll 431 681 601 605 1,229 322 216 354 298 946 Bank premises 10*« 3 8 3 7 5 13 24 6 4 7 13 11 Other assets 44C: 21 ll4 25 37 27 25 71 17 10 20 21_____ 58 TOTAL ASSETS 55,18:L 2,863 13,51^ 3,088 4,465 3,783 3,248 9,251 2,242 1,232 2,427 2,254 6,8l4 *Less than $500,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY l6, 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) L I A B I L I T I E S Federal Reserve notes 30,154 1,774 7, H4 1,834 2,642 2,476 1,746 5,463 1,278 572 1,205 895 3,155 Deposits: Member bank reserves 16,677 661 4,605 761 1,119 747 875 2,463 616 413 840 972 2,605 U.S. Treasurer-general account 780 54 114 47 56 72 42 127 46 39 48 47 88 Foreign 200 8 1/81 9 15 8 9 23 5 4 7 9 22 Other 287 1 227 ' 2 1 4 1 2 1 1 1 1 45 Total deposits 17,944 724 5,027 819 1,191 831 927 2,615 668 457 8 96 1,029 2,760 D Ot e h f e e r r r l e i d a b a i v l a i i t l i a e b s i l a i n t d y a c c a c s r h u e i d t ems 5,575 ! 293 969 348 493 403 492 957 245 168 262 246 699 dividends ____ £zJ 4 16 4 _____5 4 4 11 2 2 3 3 q TOTAL LIABILITIES 53,74o j | 2,795 13,126 3,005 ^,331 3,714 3,169 9,046 2,193 1,199 2, 366 2,173 6,623 CAPITAL ACCOUNTS | Capital paid in hjo i 22 127 27 44 22 26 66 16 11 20 27 62 Surplus 934 i 44 251 54 87 44 51 132 32 22 4o 53 124 Other capital accounts 37 i 2 10 2 3 3 2 7 1 * 1 l 5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 55,181 2,863 13,514 3,088 4,465 3,783 3,248 9,251 2,242 1,232 2,427 2,254 6,8l4 Contingent liability on accept­ ances purchased for foreign c orre spondent s 84 4 2/23 5 8 4 5 12 3 2 3 4 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,891 1,844 7,478 1,921 2,850 2,631 1,846 5,704 1,354 669 1,253 960 3,381 Collateral for F. R. notes: Gold certificate account 7,598 473 1,600 465 670 755 450 l, 4oo 350 130 290 215 800 Eligible paper 27 8 2 5 12 U. S. Government securities 25,152 1,374 6,000 1,500 -2,-250 .1,878 1,450 4,500 1,050 550 1.000 800 2.800 Total collateral 32,777 1,847 7,600 1,973 2,920 2,635 1,900 5,900 1,405 680 1,302 1,015 3,600 1 / l/ AA f-P4t- er•» dAne ducnit. i-f_n_g_ $11 19n m_ i» l-1 li*on participations of other Federal Reserve Banks. Digitize 2 d / fo r A F f R t A e SE r R deducting $ 6l million participations of other Federal Reserve Banks. * Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis