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 Coidition Statement of F.R. Bonks Por ifflmedia*e release February 7, 1963 The average of daily figures of total member bank reserves held during the week ended February 6 increased a net of $107 million to $19>717 million. Estimated currency and coin of member banks decreased $217 million and their reserve balances at the Federal Reserve Banks increased $324 million. Estimated required reserves increased $18 million; and estimated excess reserves increased $89 million to $519 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $296 million, compared with the revised figure of $331 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $260 million in U. S. Government securities bought outright and $157 million held under repurchase agreement, and $124 million in member bank borrowing^ and a decrease of $54 million in Treasury deposits with Federal Reserve Banks. Tne principal offsetting change was a decrease of $257 million in Federal Reserve float. Total Reserve Bank credit increased $278 million. As of Wednesday, February 6, holdings of U. S. Government securities bought outright were $4l2 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $242 million higher, and member bank borrowings were $101 million higher. Outright holdings of bills, notes, and bonds increased $380 million, $5 million, and $27 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Feb. 6, Jan. 30, Feb. 7, Feb. 6, and related items 1963____ 1963 1962 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright— System account 30,235 +260 +1,647 30,466 Held under repurchase agreement 305 +157 + 305 494 Acceptances— Bought outright 6l -- + 14 59 Held under repurchase agreement 10 - 5 + 10 10 Discounts and advances— Member bank borrowings 223 +124 + 151 251 Other 2 - 48 Float 1,358 -257 + 241 1,145 Total Reserve Bank credit 32,194 +2,321 32,425 Gold stock 15,928 - 876 15,928 Treasury currency outstanding 5,568 - 3 16 5,571 53,691 +276 +1,429 53,924 Currency in circulation 34,105 + 25 +1,329 34,177 Treasury cash holdings 422 10 - 38 433 Treasury deposits with F. R. Banks 783 * 54 + 424 836 Foreign deposits with F. R. Banks 206 - l4 - 17 196 Other deposits with F. R. Banks 297 -- + 20 297 Other F. R. accounts (net) 971 + 5 - 71 980 36,764 ^48 +1,647 3579I9 Member bank reserves: With Federal Reserve Banks 16,907 +324 - 218 17,006 Currency and coin (estimated) 2,810 -217 + 237 2,963 Total reserves held 19,717 +107 + 19 19,969 Required reserves (estimated) 19,198 + 18 - 43 19,134 Excess reserves (estimated) 519 + 89 + 62 835 On February 6, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,053 million, a decrease of $54 million for the week and an increase of $1,563 million from the comparable Digitizedd afotr eF RaA SEyRe ar ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H .4.1(a) consolidated ETATE^Itf of condition OF THE TWELVE FEBEML flESERVE BANKS Change since Feb. 6, Jan. 30, Feb. 7, 1962 1963 1963 A S S E T S Gold certificate account 14,382 - 3 - 981 Redemption fund for F. R. notes 1,275 -- + 121 Total gold certificate reserves 15,657 - 3 - 860 Cash m ) 433 - 4 - 48 +101 + 46 Discounts and advances 251 Acceptances: .... + l4 Bought outright 59 10 - 10 + 10 Held under repurchase agreement U. S. Government securities: Bought outright-- +380 - 648 Bills 2,433 13,182 -- +11*502 Certificates Notes 10,687 + 5 -9,331 4,164 + 27 + 347 Bonds Total "bought outright 30,466 +412 +1,876 Held under repurchase agreement 494 +242 + 494 Total U. S. Government securities 30,960 +654“ ^27565 Total loans and securities 31,280 +745 +2,434 Cash items in process of collection (950) 4,805 - 1 + 389 104 -- 6 Bank premises 482 + 6 + 144 Other assets TOTAL ASSETS (1,599) 52,761 +743 +2,053 L I A B I L I T I E S Federal Reserve notes (649) 29,200 +100 +1,281 Deposits: 17,006 +587 1 Member hank reserves U. S. Treasurer— general account 836 + 57 + 495 Foreign 196 - 23 - 30 Other 297 - 28 + 47 Total deposits 18,335 +593 + 511 Deferred availability cash items (950) 3,660 + 32 + 181 Other liabilities and accrued dividends 73 + 3 + 5 TOTAL LIABILITIES (1,599) 51,268 +728 +1,978 C A P I T A L A C C O U N T S Capital paid in 473 + 2 + 25 Surplus 934 + 46 Other capital accounts 86 + 13 + 4 TOTAL LIABILITIES AND CAFITAL ACCOUNTS (1,599)1 5 2,'761 +753 +2,053 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shown on the fol- , loving pages— not consolidated) 32-5io -.Vfo 3- t> Contingent liability on acceptances purchased for foreign correspondents 84 _ -- “ 32 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, FEBRUARY 6, 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 W ithin 15 days 249 25 4,697 +4,186 16 days to 90 days 2 44 1,425 -3,596 91 days to 1 year __ - - 11,789 + 33 Over 1 year to 5 y« 5 - - 10,778 + 5 Over 5 years to 10 irs - - 2,114 + 20 Over 10 years - - 157 + 6 Digitized for FRASER http://fraser.stloTuoistfead.lorg/ 251 £>9 30,966 T ~ Z 5i Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 6, 1963 1------------- San ; Total Boston New Phila­ Cleve- Rich­ Atlanta Chicago St. Minne­ Kansas jDallas Fran­ York delphia land mond Louis apolis City j cisco (In millions of dollars) A S S E T S Gold certificate account 14,382 844 3,451 772 1,173 1,CC8 741 2,397 6l4 286 633 566 1,697 Redemption fund for F. R. notes ■ 1,275 73 300 75 111 102 75 230 53 28 52 39 137 Total gold certificate reserves : 15,657 917 3,751 847 1,284 1,110 8lfe 2,627 667 314 685 605 "27034 F. R. notes of other Banks i 649 53 135 66 53 4o 67 59 19 36 15 39 6^ Other cash ; 433 34 68 27 38 36 34 71 19 12 15 l4 65 Discounts and advances i 251 23 88 2 14 9 4 67 8 3 31 1 l Acceptances: i Bought outright ; 59 59 Held under repurchase agreement i 10: 10 .... .... _ — _ _ — — _ — _ _ — U» S. Government securities: Bought outright— Bills ! 2,433 122 598 134 203 163 136 4li 100 51 io4 100 3H Certificates 1 13,182 661 3,242 728 1, ICO 883 737 2,224 538 275 564 542 1,686 Notes i 10,687 536 2,628 59C 892 716 597 1,803 436 223 458 439 1,369 Bonds 1 4,164 209 1,024 230 347 279 ... 233 703 170 87 178 171 533 Total ! 30,466 1,528 7,492 1,682 2,542 2,o4i 1,703 5,l4l 1,244 636 1,304 1,252 3,901 Held under repurchase agreement ! 494 -- 494 — - - _ «... - _ - - I Total U. S. Government securities i 30.960 1,528 7.986 1.682 2.542 2,04l 1.703 5 .l4l 1.244 636 1.304 1.252 3.901 Total loans and securities 31,280j 1,551 8,143 1,684 2,556 2,050 1,707 5,2c8 1,252 639 1,335 1,253 3,902 j ! Cash items in process of collection 5,755 4ll l,o64 346 461 425 467 892 255 167 302 24l 724 Bank premises 104 3 8 3 7 5 13 24 6 4 7 13 3-1 Other assets 48? ?4 121 26 4i 31 28 77 .19 10 20 22 63 TOTAL ASSETS 54,360 2,993 13,290 2,999 4,44o 3,697 3,132 8,958 2,237 1,182 2,379 2,187 6,866 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 FEBRUARY 6, 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 dollars) L I A B I L I T I E S 129,849 j1,754 7,079 1,812 2,606 2,447 1,717 5,410 1,263 566 1,192 881 3,122 Federal Reserve notes Deposits: 117,006 762 4,628 756 1,226 7 66 869 2,467 650 402 822 945 2,713 Member hank reserves U.S. Treasurer-general account ! 836 49 89 42 55 67 62 86 62 4l 71 63 149 Foreign ; 196 9 64 10 17 9 10 25 6 4 8 10 24 Other | .297 * 235 1 1 4 1 1 l * 2 1 50 Total deposits !18,335 ! 520 5,016 809 1,299 846 942 2,579 719 447" 903 1,019 2,936 : referred availability cash items 4,610 1 344 773 289 392 327 388 743 201 133 218 201 601 Other liabilities and accrued t dividends 73 1 4 21 3 5 5 3 12 3 2 3 3 Q TOTAL LIABILITIES 52,867 2,922 12,889 2,913 4,302 3,625 3,050 8,744 2,i86~ 1,148” 2,316 2,104 6,668 CAPITAL ACCOUNTS 473! 23 127 27 44 22 26 67 16 11 20 27 63 Capital paid in 934 j 44 251 54 87 44 51 132 32 22 4o 53 124 Surplus 86 j 4 23 5 7 6 5 15 3 1 3 3 11 Other capital accounts TOTAL LIABILITIES AND 54,360 2,993 13,290 2,999 4,44o 3,697 3,132 8,958 2,237 1,182 2,379 2,187 6,866 CAPITAL ACCOUNTS Contingent liability on accept­ ances purchased for foreign correspondents 84 4 2/ 22 5 8 4 5 12 3 2 3 5 11 FEDERAL RESERVE AGENTS' ACCOUNTS J*. R. notes outstanding 31,496 1,836 '"7TTOT 1,893 2,810 2,586 1,809 5,638 1,332 S&T" 1,232 946 3,311 Collateral for F. R. notes: Gold certificate account 7,4o8 443 1,600 465 670 645 400 1,400 350 130 290 215 8co E U. l ig S i . bl G e o v p er a n p m e e r nt securities 25,28 5 0 0 i,4 - o - 4 6,00 — 0 1,500 2 2,2 — 50 1,976 9 1,45 — 0 4,50 -- 0 1,050 8 5 - 5 - 0 1,00 3 0 1 8c -- o 2,8C -- 0 Total collateral 32,738 1,847 7,600 1,967 2,920 2,630 1,850 5,900 1,408 680 1,321 1,015 3,600 *Less than $500/000. 2/ After deducting $ 62 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis