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...* February 14, 1963 The average of daily figures of total member bank reserves held during the week ended February 13 decreased a net of $51 million to $19*636 million. Estimated currency and coin of member banks increased $31 million and their re­ serve balances at the Federal Reserve Banks decreased $82 million. Estimated required reserves decreased $121 million; and estimated excess reserves increased $70 million to $530 minion. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $365 million, compared with the revised figure of $237 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $58 million in member bank borrowings and $39 million in Federal Reserve float, and increases of $158 million in currency in circulation and $55 million in Treasury deposits with Federal Reserve Banks. The principal offsetting change was an increase of $246 million in Federal Reserve holdings of U. S. Government securities. Total Reserve Bank credit increased $136 million. As of Wednesday, February 13* holdings of U. S. Government securities bought outright were $33 million lower than a week earlier* U. S. Government securities held under repurchase agreement were $l8l million lower* and member bank borrowings were $87 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Feb. 13, Feb. 6, Feb. lb , Feb. 13, and related items 1963 1963 1062 — 1963___ 0[n millions of dollars) Reserve Bank credit: U. S. Government securities— 30, 447 +212 +1*872 30*433 Bought outright—System account Held under repurchase agreement 339 + 3^ + 339 313 Acceptances— Bought outright 61 — + 15 59 Held under repurchase agreement — - 10 — -- Discounts and advances— Member bank borrowings 165 - 58 + 95 164 Other - 2 - 50 -- Float 1,319 - 39 + 269 967 Total Reserve Bank credit 32*330 +136 +2,539 31*936 Gold stock 15*928 -- - 861 15*928 22 5,562 Treasury currency outstanding 5*563 - 5 53,821 +130 +1,656 53,426 Currency in circulation 34*263 +158 +1*375 34,331 Treasury cash holdings 427 + 5 21 436 Treasury deposits with F. R. Banks 838 + 55 + 394 800 Foreign deposits with F.R. Banks 212 + 6 + 15 206 Other deposits with F.R. Banks 298 + 1 + b6 311 Other F. R. accounts (net) 959 - 12 - 63 905 36*996 +212 +1*744 36*989 Member bank reserves: With Federal Reserve Banks 16*825 - 82 - 89 16,437 Currency and coin (estimated) 2,811 + 31 + 205 3,119 Total reserves held 19*636 - 51 + 116 19,556 Required reserves (estimated) 19*106 -121 + 84 19*105 Excess reserves (estimated) 530 + 70 + 32 451 On February 13, 1963* U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,148 million, an increase of $95 million for the week and an increase of $1,636 million from the comparable Digitized for FRASER http://frdasaetr.es tloau isyfeed.aorrg / ago. Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE HANKS (in millions of dollars) Change since Feb. 13, Feb . 6, Feb. 14, 1963 1963 1962 A S S E T S Gold certificate account 14,382 — - 991 Redemption fund for F. R. notes 1,271 - 4 + 121 Total gold certificate reserves I57653 - 4 - 870 * Cash (575) 420 - 13 - 55 Discounts and advances l64 - 87 - 45 Acceptances: Bought outright 59 •f 14 Held under repurchase agreement -- - 10 . — U. S. Government securities: Bought outright— Bills 2, 400 - 33 283 Certificates 13,182 -- +11,509 Notes 10,687 -- - 9,354 Bonds 4,164 « - + 373 Total bought outright 30,433 - 33 + 27255 Held under repurchase agreement 313 -181 + 313 Total U* S. Government securities 30,756 7214 27558 Total loans and securities 30,969 -311 + Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer— general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 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) 32.8# Contingent liability on acceptances purchased for foreign correspondents * Figures in parentheses are the eliminations _____see comparable figures on combined basis CM LTN OJ r— (1,088) 5,241 +436 - 221 104 -- - 6 511 + 29 + 161 (1,663) 52,898 +137 •f 1,536 (575) 29,350 +150 + 1,354 16,437 -569 - 321 800 - 36 + 353 206 + 10 + 1 311 + xb + 51 17,755 -581 + 84 (1,088) 4,275 +6l4 + 23 71 - 2 + 6 (1,663) 51,559 +181 +x w 573 •f 23 935 + 46 42 - 44 -- (1,663) 52,898 +137 4-T7536 2.9# 84 — - 30 made in the consolidating process; on the following pages._____________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 13, 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 162 18 4, 469 -228 16 days to 90 days 2 hi 1,455 + 30 91 days to 1 year 11,773 - 16 Over 1 year to 5 years 10,778 Over 5 years to 10 years 2,114 : Over 10 years Digitized for FRASER 157 http://fraser.stloTuiosftead.lorg/ 59 30,746 52l5 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 13, 1963 ” H.4.l(b) San Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (In m illions of dollars) A S S E T S Gold certificate account 14,382 771 3,866 788 1,127 902 730 2,511 568 267 643 544 1,665 Redemption fund for F • R. notes 1,271 73 298 74 111 101 75 230 53 28 52 39 137 Total gold certificate reserves 15,653 844 4,l64 862 1,238 1,003 805 2,741 621 295 “695" 383 1,802" F . R. notes of other Banks 575 47 131 49 49 34 63 51 17 33 15 32 54 Other cash 420 33 65 25 38 36 34 68 20 11 14 13 63 Discounts and advances 164 15 13 12 79 16 20 Bought outright 59 59 U. S. Government securities: Bought outright— B Ce lU rt s i - ficates 1 2 3 , , 4 1 0 8 0 2, 1 6 2 6 0 1 3,2 59 4 0 2 1 7 3 2 3 8 1,1 2 0 C 0 0 8 l 8 6 3 l 1 7 3 3 4 7 2, 4 2 0 2 5 4 53 9 8 8 27 5 5 0 1 5 0 6 3 4 5 9 4 9 2 1,6 3 8 0 8 7 Notes 10,6871 536 2,628 590 892 716 597 1,803 436 223 458 439 1,369 Bonds 4.l64i 209 1,024 230 347 279 233 703 170 _____ 81_ 178 171 533 Total 30,433 1,526 7,484 1,68l 2,539 2,039 1,701 5,135 1,242 635 1,303 1,251 3,897 Held under repurchase agreement 313 *» mm Total U. S. Government securities 30.746 1,526 7.797 1,681 2,539 2,039 1,701 5,13_5_ 1,242 635 1,303 1,251 3,897 Total loans and securities 30,969 1,529 7,871 1,68l 2,545 2,052 1,713 5,214 1,242 635 1,319 1,251 3,917 Cas c h o l i l t e e c m ti s o n in process of 6,329 487 1,036 402 532 490 524 989 303 186 337 308 735 Bank premises 1 5 0 1 4 1 25 3 13 8 0 2 3 9 43 7 31 5 1 2 3 9 8 2 3 4 20 6 1 4 1 21 7 1 2 3 3 H 66 Other assets 54,561. 2,968 13,405 3,051 4,452 3,651 3,181 9,170 2,229 1,175 2,4c8 2,223 6,648 TOTAL ASSETS *Less than $500,000. 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 13, 19^3 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran­ cisco —w millions of dol] Lars) L I A B I L I T I E S Federal Reserve notes 29,925 1,759 7,140 1,810 2,609 2,446 1,713 5,422 1,262 567 1,193 880 3,124 Deposits: Member bank reserves 16,437 721 4,606 725 1,103 705 878 2,370 636 388 851 931 2,523 U.S. Treasurer-general account 800 59 80 50 34 67 64 120 56 36 59 64 111 Foreign 206 10 1/62 11 18 9 11 28 7 5 8 11 26 Other 311 244 * 2 5 1 1 1 2 1 54 Total deposits 17,754 790 4,992 7 86 1,157 786 954 2, 519 700 429 920 1,007 2,714 Deferred availability cash items 5,362 ! 346 863 369 547 346 430 1,012 215 144 231 251 608 Other liabilities and accrued ! dividends 71 ! 4 20 3 6 4 4 12 .. ..3. 1 2 .....3 ___ 2_ TOTAL LIABILITIES 53,112 2,899 13,015 2,968 4,319 3,582 3,101 8,965 2,180 l, l4l 2,346 2,l4l 6,455 CAPITAL ACCOUNTS Capital paid in 473 23 127 27 44 22 26 67 16 11 20 27 63 Surplus 934 44 251 54 87 44 51 132 32 22 4o 53 124 Other capital accounts 42 2 12 2 2 3 3 6 1 1 2 2 6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 54,561 2,968 13,405 3,051 _ 4,452 3,651 3,181 9,170 2,229 -1*175 2.408 2,223 6.648 Contingent liability on accept­ ances purchased for foreign corre spondents 84 4 2/22 5 8 4 5 12 3 2 3 5 11 FEDERAL RESERVE AGENTS' ACCOUNTS * F. R. notes outstanding 31,440 1,828 7,458 1,888 2,805 2,591 1,796 5,624 1,330 661 1,233 942 3,284 Collateral for F. R. notes: Gold certificate account 7,408 443 1,600 465 670 645 4oo l,4oo 350 130 290 215 800 Eligible paper 29 „ -- ■» — 13 -- — * — 16 — — U. S. Government securities 25,280 l,4o4 6,000 1,500 2,250 1,976 1,450 4,500 1,050 550 1,000 800 2,80 C Total collateral 32,717 1,847 7,600 1,965 2,920 2,634 1,850 5,900 1,400 680 1,306 1,015 3,600 1/ After deducting $1AA million participateLons of other Federal Reserve Banks. Digitized f 2 or/ F RAAfStEeR r deducting $ 62 million participations of other Federal Reserve Banks. *Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis