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 January 31* 1963 The average of daily figures of total member bank reserves held during the week ended January 30 decreased a net of $284 million to $19*631 million. Estimated currency and coin of member banks increased $l4 million and their reserve balances at the Federal Reserve Banks decreased $298 million. Estimated required reserves decreased $l64 million; and estimated excess reserves decreased $120 million to $364 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $265 million, compared with the revised figure of $314 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $692 million in Federal Reserve float and $71 million in member bank borrowings. The principal offsetting changes were increases of $77 million in U. S. Government securities bought outright and $148 million held under repurchase agreement, and a decrease of $28l million in currency in circulation. Total Reserve Bank credit decreased $548 million. As of Wednesday, January 30, holdings of U. S. Government securities bought outright were $191 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $252 million higher, and member bank borrowings were $499 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Jan. 30, Jan. 23* Jan. 31* Jan. 30, and related items 1963 . .. 1962 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 29*975 + 77 +1*665 30,054 Held under repurchase agreement 148 +148 4- 148 252 Acceptances-- Bought outright 61 + 2 + 15 59 Held under repurchase agreement 15 - 12 4* 15 20 Discounts and advances-- Member bank borrowings 99 - 71 4* 39 150 2 -- - 32 -- Other Float 1*615 -692 + 388 1,178 Total Reserve Bank credit 31*916 ,238 31*713 Gold stock 15*928 -- - 904 15,928 Treasury currency outstanding 5*571 + 4 - 19 5*571 53,415 ■1544 +1.,315 53*212 Currency in circulation 34,080 -281 + 1;,287 34,c80 Treasury cash holdings 432 + 3 - 18 423 Treasury deposits with F. R. Banks 837 + l4 4- 413 779 Foreign deposits with F. R. Banks 220 - 5 + 7 219 Other deposits with F. R. Banks 297 4* l6 4- 1 325 966 + 6 - 76 968 Other F. R. accounts (net) 36,832 1246 4-17514 36,794 Member bank reserves: With Federal Reserve Banks 16,583 -298 - 299 16,419 Currency and coin (estimated) 3*048 + i4 4- 172 3*340 Total reserves held 19*631 1284 - 127 19*759 Required reserves (estimated) 19*267 -l64 4* 40 19*272 Excess reserves (estimated) 364 -120 - 167 487 On January 30, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,107 million, a decrease of $36 million for the week and an increase of $1,704 million from the comparable Digitized for FRASER http://frasdera.sttleou isafe dy.oerga/r ago. Federal Reserve Bank of St. Louis

H.l.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in ntillions of dollars) , Change since J&xii 30> Jan. 23, Jan. 31, 1963 1963 1962 A S S E T S Gold certificate account il,385 + 22 - 1,003 Redemption fund for F. R. notes 1,275 - 1 + 121 Total gold certificate reserves 15, 660 + 21 - 882 Cash (725) 1+37 + 19 - 16 Discounts and advances 150 -500 + 21 Acceptances: Bought outright 59 — + ll Held under repurchase agreement 20 - 2 + 20 U. S. Government securities: Bought outright-- 'l Bills 2,053 +191 979 Certificates 13,182 -- +11,502 Notes 10,682 — - 9,326 Bonds 1,137 -- 4- 325 Total Bought outright 307055 +191 + l, 522 Held under repurchase agreement 252 +252 + 252 Total U. S. Government securities 30,306 +11.3 4- 1,774 Total loans and securities 30,535 - 59 + 1,829 Cash items in process of collection (l,0ll) 1,806 -761 4- loi Bank premises 10I - l - 7 Other assets I76 + 15 4- 159 TOTAL ASSETS (1,766) 52,0l8 -769 4- 1,155 l i a b i l i t i e s Federal Reserve notes (725) OJ o\ 1—1 O O -117 4- 1,256 Deposits: Member hank reserves 16,119 -337 • 153 U. S. Treasurer--general account 779 - 81 4- 117 Foreign 219 - 13 ~ 10 Other 325 + I9 4- 39 Total deposits 17,7^2 5355 - 7 Deferred availability cash items (1, oia) 3,628 -291 4~ 129 Other liabilities and accrued dividends 70 + 6 4- 1 TOTAL LIABILITIES (1,766) 50,510 -787 + l, 379 C A P I T A L A C C O U N T S Capital paid in I71 + 1 4- 23 Surplus 93l - - 4- 16 Other capital accounts 73 + 17 4- 6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,766) 52,018 -769 4- 1,155 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (ccm- ' puted from figures as shown on the fol­ lowing pages--not consolidated) 32.9* + .1$ - 2.8# Contingent liability on acceptances purchased for foreign correspondents 81 -- - 36 * 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 30, 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 148 37 511 +lll 16 days to 90 days 2 12 5,021 +210 91 days to 1 year - - - - 11,756 + 92 Over 1 year to 5 years „ 10,773 - - - - Over 5 years to 10 years 2,09l - - - - — Over 10 years - - 151 — Digitized foTr FoRtAaSlER 150 79 30,306 5553 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 30, 1963 !------- | San Total Boston New Phila- Cleve­ Rich­ Atlanta Chicago St. Minne­ I Kansas Dallas Fran­ York delphia land mond Louis apolis 1 City cisco (in millions of dollars) A S S E T S Gold certificate account 14,385! 708 3,815 768 1,092 1,037 741 2,4o6 6i4 285 578 573 1,768 Redemption fund for F. R. notes 1,275! 73 301 75 111 100 76 230 53 28 51 39 138 Total gold certificate reserves 15,660! 781 4,ll6 843“ 1,203 1,137 817 2,636 Wf 313 629 612 1,906 F. R. notes of other Banks 725 60 146 75 57 49 71 64 23 39 15 38 88 Other cash 437 34 69 25 38 36 34 71 20 12 14 15 69 Discounts and advances 150 6 8 6 15 7 4 60 2 1 4o * 1 Acceptances: Bought outright 59 -- 59 -- -- "* — Held under repurchase agreement 20 20 U. S. Government securities: Bought outright— Bills 2,053 105 507 113 172 135 113 348 81 42 89 84 264 Certificates 13,182 669 3,255 726 1,108 868 720 2,232 526 272 575 536 1,695 Notes 10,682 543 2,638 589 898 704 583 l,8c8 427 220 465 434 1,373 Bonds 4,137 209 1,022 228 348 272 226 701 166 85 181 168 531 Total 30,054 1,526 7,422 1,656 2,526 1,979 1,642 5,089 1,200 619 1,310 1,222 3,853 Held under repurchase agreement 252 -- 252 -- -- -- -- -- “ — — ~ *» ~ __ Total U. S. Government securities 30,306: 1,526 7,674 1,656 2,526 1,979 1,642 5,089 1,200 619 1,310 1,222 3,863 Total loans and securities 30,535 1,532 7,761 1,662 2,541 1,986 1,646 5,149 1,202 620 1,350 1,222 3,864 Cash items in process of collection 5,847 433 1,110 34o 480 423 434 976 264 160 297 268 662 Bank premises 104 3 8 3 7 5 13 24 6 4 7 13 11 Other assets 476 23 119 26 42 30 27 76 19 11 21 21 61 TOTAL ASSETS 53,784 2,866 13,329 2,974 4,368 3,666 3,042 8,996 2,201 1,159 2,333 2,189 6,66l *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 30, 1963 H.l.l(c) r— . San Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco l (In millions of dolls irs) L I A B I L I T I E S Federal Reserve notes 129,825 l,75l 7,062 1,815 2,606 2,119 1,719 5,!io 1,261 5 66 1,190 882 3,108 Eeposits: Member bank reserves : 16,119 587 1,609 723 1,162 709 813 2,170 606 381 802 935 2,592 U.S. Treasurer-general account \ 779 68 ,75 52 55 92 37 7l 61 35 16 68 116 F Ot o h re e i r gn ! i 2 3 1 2 9 5 9 l 1 2 /8 6 2 8 11 1 17 l 9 3 10 1 27 1 6 1 1 1 8 2 11 * 2 1 5 5 Total deposits 17,7^2 • 665 5,031 787 1,235 813 891 2, 572 67I 121 858 1, o il 2,778 Deferred availability cash items 1,669 j 373 819 281 385 329 3^7 791 210 135 219 207 570 Cther liabilities and accrued dividends 70 1 17 3 6 1 1 12 2 3 3 3 9 TOTAL LIABILITIES 52,306 12,796 12,932 2,889 1,232 3, 595 2,961 8,785 2,150 1,125 2, 270 2, 106 6,I65 CAPITAL ACCOUNTS 171 22 127 27 22 26 66 16 11 20 27 63 Capital paid in S O u th rp e l r u s capital accounts 9 7 3 3 I 1 11 ^ 25 19 1 4 87 5 11 CT 51 1 13 1 2 3 32 3 22 1 10 3 53 3 12 9 l TOTAL LIABILITIES AND 53,781 '2,866 13,329 2,971 K 3& 3,666 3,0l2 8,996 2,201 1,159 2,333 2,189 6,661 CAPITAL ACCOUNTS Contingent liability on accept­ ances purchased for foreign 2/23 1 5 12 11 •correspondent s_______________ FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,627 1,837 7,117 1,904 2,825 2,611 1,820 5,652 1,339 661 1,238 951 3,339 Collateral, for F. R. notes: Gold certificate account 7, 517 113 l, 600 I65 670 70l I50 i,lco 350 130 290 215 800 Eligible paper 55 6 7 2 lo U. S. Government securities 25,2S1 1, lo l 6,000 1,500 2,250 1,927 1,A50 1, 500 1,050 ... ..-53_Q_ 1,00c 800 2.800 Total collateral 32,803 1,817 7,600 1,971 2,920 2, 638 1,900 5,900 1,102 680 1,330 1,015 3.600 1/ After deducting $137 million participations of * Less than $300,000. Digitized 2 fo / r F A RA f S t E e R r deducting $ 6l million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis