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 *;ml Rt^ January 24, 1963 H .4 .i" '" The average of d aily figures of to ta l member bank reserves held during the week ended January 23 decreased $162 m illion to $19,939 m illion . Estim ated currency and coin of member banks decreased $ ll6 m illion and th eir reserve balances a t the Federal Reserve Banks decreased $46 m illion . Estim ated required reserves decreased $128 m illion; and estim ated excess reserves decreased $34 m illion to $489 m illion . Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $319 m illion, compared w ith the revised figure of $444 m illion the week b efore. The p rin cip al changes reducing average reserve balances w ith Federal Reserve Banks were decreases of $329 m illion in U. S. Government secu rities bought ou trigh t, $85 m illion in Federal Reserve flo a t, and $35 m illion in gold stock, and an increase of $56 m illion in Treasury deposits w ith Federal Reserve Banks. The p rin cip al o ffsettin g changes were an increase of $91 m illion in member bank borrowings and a decrease of $333 m illion in currency in circu latio n . T otal Reserve Bank cred it decreased $320 m illion . As of Wednesday, January 23, holdings of U. S. Government securities bought outright were $175 million lower than a week earlier and member bank borrowings were $562 million higher• Outright holdings of bills and note^ decreased $155 million and $20 million, respectively. Averages of daily figures Member bank reserves, Week ended Chanrre from week ended Wednesday, Reserve Bank credit, Jan. 23, Jan. 16, Jan. 24, Jan. 23, and related items iq 6 r 1963 ___1962 1963 . (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright— System account 29,898 -329 +1,619 29,863 Held under repurchase agreement Acceptances— Bought outright 59 « 2 + 10 59 22 Held under repurchase agreement 27 + 3 + 27 Discounts and advances-- 170 + 91 + 126 649 Member bank borrowings 2 + 1 26 1 Other Float 2,307 - 85 + 521 1,651 Total Reserve Bank credit 32,464 -320 +2,279 32,245 15,928 Gold stock 15,928 - 35 - 91 2 1 2 5,568 5,567 + 4 Treasury currency outstanding +1,346 53,741 53,959 -351 34,218 Currency in circulation 34,361 -333 +1,291 Treasury cash holdings 429 + 17 - 13 438 Treasury deposits with F. R. Banks 823 + 56 + 384 863 232 Foreign deposits with F. R. Banks 225 - 7 + 5 276 281 - 17 24 Other deposits with F. R. Banks 960 - 20 - ___83 95§ Other F. R. accounts (net) 37,078 -305 +1,559 36,985 Member bank reserves: With Federal Reserve Banks 16,881 - 46 - 213 16,756 -ll6 + 180 3,364 Currency and coin (estimated) 3,058 20,120 Total reserves held 19,939 - 33 Required reserves (estimated) 19,450 -128 + 179 19,357 Excess reserves (estimated) 489 - 34 - 212 763 On January 23, 1963, U. S. Government securities held in custody by the • Federal Reserve Banks for foreign account were $7,143 million, an increase o $5 million for the week and an increase of $1,691 million from the comparable Digitized fodr aFtReA SEaR year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMEifT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS (In millions of dollars) Change since Jan. 23/ Jan. 16, Jan. 24, 1962 1963 1963 A S S E T S Gold certificate account l4, 363 - 1,050 Redemption fund for F. R. notes 1,276 - 3 + 120 Total gold certificate reserves 15,639 - 3 - 930 * Cash (723) 4l8 + 47 43 650 +562 + 525 Discounts and advances Acceptances: + i4 Bought outright 59 22 - 1 + 22 Held under repurchase agreement U. S. Government securities: Bought outright— 1,862 -155 - 797 Bills Certificates 13,182 +11,502 10,682 - 20 - 9,302 Notes Bonds 4,137 - - + 325 Total Bought outright 29,863 -175 + 1,728 Held under repurchase agreement Total U. S. Government securities 2975^3 -175 + 1,728 Total loans and securities 30,591* +386 + 2,289 Cash items in process of collection (1/103) 5/570 -992 + 688 Bank premises 105 + 1 6 Other assets 461 + 15 + 161 TOTAL ASSETS (1.826) 52,787 -546 + 2,159 L I A B I L I T I E S Federal Reserve notes (723) 29/217 -277 + l, 266 Deposits: Member hank reserves 16,756 + 79 + 251 U. S. Treasurer--general account 863 + 83 + 306 Foreign 232 + 32 + 23 Other 276 - 11 36 Total deposits 18,127 +183 + 544 Deferred availability cash items (1,103) 3/919 -468 + 277 Other liabilities and accrued dividends 6k - 3 + 1 TOTAL LIABILITIES (1.826) 51,327 75S5 + 2,088“ 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 56 + 19 + 2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,826) 52,7&7 -546 + 2,159 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$ - 3.3i Contingent liability on acceptances purchased for foreign correspondents 84 -- - 3 1 * 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 23, 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 6kQ 38 370 + i4 16 days to 90 days 2 43 4,811 -147 91 days to 1 year — 11,664 - 22 Over 1 year to 5 years -- 10,773 - 20 - - Over 5 years to 10 years 2,094 - - DigitizeOd vfoerr F R1A0SE Ry ears — 151 -http://fraser.stlouisfed.org/ Total 550 Si 29,663 -175 Federal Reserve Bank of St. Louis

e A.iOO STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 23, 1963 1 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) ASSETS Gold certificate account 14,363 805 3,927 747 1,069 976 736 2,371 587 292 6c8 589 1,656 Redemption fund for F. R. notes 1,276 74 302 75 111 98 75 231 53 28 52 39 138 Total gold certificate reserves 15,639 879 4,229 822 1,180 1,074 811 2,602 64o 320 660 628 1,794 F. R. notes of other Banks 723 60 140 77 54 53 67 64 25 37 15 38 93 Other cash 4l8 ' 33 67 23 36 34 34 65 20 12 14 l4 66 Discounts and advances 650 33 94 16 50 71 26 134 32 3 55 16 12C Acceptances: Bought outright 59 59 Held under repurchase agreement 22 -- 22 — ... .. .. . . . . — U. S. Government securities: Bought outright-- Bills 1,862 90 465 102 156 123 102 315 74 38 81 76 240 Certificates 13,182 638 3,286 726 1,108 868 720 2,232 526 272 575 536 1,695 Notes 10,682 518 2,663 589 898 704 583 l,8c8 427 220 465 434 1,373 Bonds 4,137 200 1.031 228 348 272 226 701 166 85 181 168 531 Total 29,863 1,446 7,445 1,645 2,510 1,967 1,631 5,056 1,193 615 1,302 1,214 3,839 Held under repurchase agreement -- -- -- -- — — - - . . . . - - . . Total U. S. Government securities 29,863 1,446 7,445 1,645 2,510 1,967 1,631 5,056 1,193 615 1,302 1,214 3,839 Total leans and securities 30,594 1,479 7,620 l,66l 2,560 2,038 1,657 5,190 1,225 6l8 1,357 1,230 3,959 Cash items in process of collection 6,673 505 1,343 393 525 503 524 1,018 278 I85 343 294 762 Bank premises j 105 3 8 3 7 5 14 24 6 4 7 13 11 Other assets t 46l 22 117 26 4o 28 26 74 17 10 21 21 ... 59 TOTAL ASSETS |54,613 2,981 13,524 3,005 4,402 3,735 3,133 9,037 2,211 1,186 2,417 2,238 6,744 i i 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 JANUARY 23, 1963 1 San i Total Boston Hew Phila­ Cleve­ Rich­ Atlanta Chicago St. j Minne- Kansas Dallas Fran­ York delphia land mond Louis j apolis City cisco (In m illions of dol].ars) L I A B I L I T I E S Federal Reserve notes '29,940 1,762 7,082 1,823 2,623 2,452 1,724 5,432 1,269 568 1,195 888 3,122 Deposits: Member bank reserves 16,756 691 4,742 716 1,145 760 825 2,457 618 397 829 938 2,638 U.S. Treasurer-general account 863 67 l44 63 52 65 45 112 51 36 65 71 92 Foreign 232 10 1/7 6 13 20 10 12 30 7 5 9 12 28 Other 276 2 216 1 1 4 1 1 1 l 2 * 46 Total deposits •18,127 770 5,178 793 1,218 839 883 2,600 677 439 905 1 , 021 2,8o4 Deferred a va ila b ility cash items 5,022 377 855 302 421 371 442 785 213 144 252 244 616 Other lia b ilitie s and accrued dividends 64 3 17 3 5 3 4 12 2 l 3 3 8 TOTAL LIABILITIES 53,153 2,912 13,132 2,921 4,267 3,665 3,053 8,829 2 , l6l 1,152 2,355 2,156 6,550 CAPITAL ACCOUNTS Capital paid in 470 i 22 127 27 44 22 26 66 16 ll 20 27 62 Surplus 934 ! 44 251 54 87 44 51 132 32 22 40 53 124 Other capital accounts 56 i 3 i4 3 4 4 3 10 2 1 2 2 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 54,613 2,981 13,524 3,005 4,402 3,735 3,133 9,037 2 , 211 l, 186 2,417 2,238 6,744 Contingent lia b ility on accept­ I ances purchased for foreign i c orre spondent s 84 ! U 2/23 5 8 4 5 12 3 2 3 4 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,757 1,843 ” W " 1,913 2,837 2,617 1,835 5,676 1,3^7 1,246 956 3,355 — Collateral for F. R. notes: Gold certificate account 7,576 443 1,6co 465 670 763 450 l, 4co 350 130 290 215 800 E ligib le paper 174 -- 16 71 32 55 - - - - - - — - - - - U. S. Government securities 25,172 1,4o4 6 ,000 l, 500 2,250 1,868 1,450 4,500 1,050 550 l, 000 800 2,800 Total collateral 32,922 1,847 7,600 1,981 2,920 2,702 1,900 5,900 1,432 680 l, 345 1,015 3,600 1/ After deducting $156 million participations of other Federal Reserve Banks. Digitized fo2r/ F RAAfSEtRe r deducting $ 6l million participations of other Federal Reserve Banks. * Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis