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.U.l February 28, 1963 The average of daily figures of total member bank reserves held during the week ended February 27 increased a net of $10 million to $19,521 million. Estimated currency and coin of member banks increased $46 million and their reserve balances at the Federal Reserve Banks decreased $36 million. Estimated required reserves decreased $48 million; and estimated excess reserves increased $58 million to $482 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $353 million, compared with the revised figure of $267 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $106 million in Federal Reserve float and increases of’$43 million in foreign.deposits with Federal Reserve Banks and $39 million in "other" F. R. accounts (net). The principal offsetting changes Were decreases of $100 million in Treasury deposits with.Federal Reserve Banks and $65 million in currency in circulation. Total Reserve Bank credit decreased $93 million. As of Wednesday, February 27, 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 $4 million higher, and member bank borrowings were $309 million.lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Feb. 27, Feb. 20, Feb. 28, Feb. 27, and related items .. 19.63.. 1963 1962 _. 1963 [n millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright— System account 30,361 + 24 +2,076 30,361 Held under repurchase agreement 44 - 11 44 137 Acceptances--bought outright 59 - 1 + 14 57 Discounts and advances— Member bank borrowings 129 - 28 + 73 94 Other 30 + 30 - 22 30 Float 1,596 -106 + 256 1,454 Total Reserve Bank credit 32,219 - 93 +2,441 32,133 Gold stock 15,913 - 15 - 877 15,878 Treasury currency outstanding 5,570 + 4 - 18 5,572 53,701 -105 +1,546 53,583 Currency in circulation 34,228 - 65 +1,371 34,235 Treasury cash holdings 454 + 10 + 15 461 Treasury deposits with F. R. Banks 801 -100 331 759 Foreign deposits with F. R. Banks 230 + 43 + 3 222 Other deposits with F. R. Banks 314 + 4 + 29 271 - Other F. R. accounts (net) 1,125 + 39 31 1,139 37,152 - 69 +1,718 37,087 Member bank reserves: With Federal Reserve Banks 16,550 - 36 - 171 16,496 Currency and coin (estimated) 2,971 + 46 207 3,302 Total reserves held 19,521 + 10 + 36 19,798 Required reserves (estimated) 19,039 - 48 + 74 19,136 Excess reserves (estimated) 482 + 58 - 38 ! 662 On February 27, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,115 million, a decrease of $43 million for the week and an increase of $1,683 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT 01' CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Feb. 27,' Feb. 20, Feb. 28, 1963 1963 1962 A S S E T S Gold certificate account l4, 332 - 50 -1,0*4-8 Redemption fund for F. R. notes 1,263 - 2 + 113 Total gold certificate reserves 15,595 - 52 - 935 * Cash (602) 4o8 + 7 - 72 Discounts and advances 12k -279 - 15 Acceptances--bought outright 57 - 1 + 13 U. S. Government securities: Bought outright-- Bills 2,328 - 33 - 502 Certificates 13,580 . - +8,608 Notes 10,289 -6,483 Bonds 4, 16k -- + 378 Total bought outright 30,361 - 33 +2,001 Held under repurchase agreement 137 + k + 137 Total U. S. Government securities 30Tk9S - 29 +2,138 Total loans and securities 30,679 -309 +2,136 Cash items in process of collection (1.183) 5,394 -283 + 356 Bank premises 105 3 Other assets 311 - 5 + 97 TOTAL ASSETS (1.785) 52, k92 ^UV2 +1,579 L I A B I L I T I E S Federal Reserve notes (602) 29,249 - 50 +1,312 Deposits: Member bank reserves 16, 496 -358 - 312 U. S. Treasurer— general account 759 -1*4-9 + 310 222 + 32 + 18 Foreign Other 271 - 1+0 - 118 Total deposits 17,748 -515 - 102 Deferred availability cash items (1.183) 3,940 - 98 + 287 Other liabilities and accrued dividends ____70 + 3 + 5 TOTAL LIABILITIES (1.785) 51,007 -660 +1,502 C A P I T A L a c c o u n t s + 23 Capital paid in Surplus 934- - _ + 46 Other capital accounts 77 + 18 + 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,785) 52, 492 3552 +1,579 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 * + •3 $ - 2.9* Contingent liability on acceptances purchased for foreign correspondents 84 29 * 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 27, 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 92 18 ---- ZSB--- +68 l6 days to 90 days 32 39 4,657 91 days to 1 year 12,337 -31 10,687 Over 1 year to 5 years mm mm - - 2,114 Over 5 years to 10 years DigitizeOd vfoer rF RA1S0E Ry ears wm mm - 157 http://fraser.stTloouitsfaedl.org/ 125 57 30,498 -29 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 27, 1963 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis C ity cisco (in m illions of do] Liars) A S S E T S Gold certificate account 14,332 706 4,071 717 1,100 937 717 2,343 539 280 595 558 1,769 Redemption fund for F . R. notes 1,263 72 297 74 110 99 75 229 52 28 51 39 137 To ta l sold certificate reserves 15,595 778 4,388 791 1,210 1,036 792 2,572 591 308 646 597 1,906 F. R. notes of other Banks 602 46 137 51 46 31 78 54 18 33 16 32 60 Other cash 4c8 32 59 26 38 34 34 67 21 11 13 13 60 Discounts and advances 124 2 9 5 19 18 12 34 4 3 9 2 7 Acceptances: Bought outright 57 57 -- — -- -- «... -- U. S. Government securities: Bought outright-1* B ills 2,328 116 573 129 194 156 130 392 95 49 ICO 96 298 Certificates 13,580 681 3,340 750 1,133 910 759 2,292 554 283 581 558 1,739 Notes 10,289 516 2,530 568 858 689 575 1,736 420 215 44l 423 1,318 Bonds 4,164 209 1,024 230 347 279 233 703 170 ....87 178 . .171_. 533 Total 30,361 1,522 7,467 1,677 2,532 2,034 1,697 5,123 1,239 634 1,300 1,248 3,888 Held under repurchase agreement 187 «. _ 137 .. — _ — — - _ _ _ _ „ _ «... «. - Total U. S. Government securities 30,498 1,522 7,6o4 1,677 2,532 2,034 1,697 _5_JL23 .. 1,239 634 1,300 1.248 -3,888 _ Total loans and securities 30,679 1,524 7,670 1,682 2,551 2,052 1,709 5,157 1,243 637 1,309 1,250 3,895 Cash items in process of collection 6,577 457 1,292 384 544 455 463 1,062 273 180 376 309 782 Bank premises 105 3 8 3 7 5 14 24 6 4 7 13 11 Other assets 311 16 78 18 28 20 18 49 12 ____ 5 13 l4 40 TOTAL ASSETS 54,277 2,856 13,612 2,955 4,424 3,633 3,108 8,985 2,164 1,178 2,380 2,228 6,754 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

h .4.i(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 27, 1963 Sarx Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (In millions of do]Liars) L I A B I L I T I E S Federal Reserve notes 29,851 1,765 7,116 1,807 2,600 2,434 1,712 5,403 1,258 565 1,194 880 3,117 Deposits^ Member bank reserves 16, 496 602 4,723 697 1,187 715 874 2, 436 584 380 782 903 2,613 U.S. Treasurer-general account 759 40 l48 33 48 63 39 62 47 44 47 76 112 Foreign 222 10 1/75 12 19 9 ll 28 7 5 8 11 27 Other 271 * 214 1 1 4 l 1 1 * 2 1 45 Total deposits 17,748 652 5,160 743 1,255 791 925 2, 527 639 429 839 991 2,797 Deferred availability cash items 5,123 365 919 317 427 332 385 833 213 148 281 270 633 Other liabilities and accrued dividends 70 3 IT 3 6 5 4 11 3 2 3 3 10 TOTAL LIABILITIES 52,792 2,785 13, 212 2,870 4,288 3,562 3,026 8,774 2,113 l,l44 2,317 2,144 6,557 CAPITAL ACCOUNTS Capital paid in 474 23 128 27 44 22 26 67 16 11 20 27 63 .Surplus 934 44 251 54 87 44 51 132 32 22 4o 53 I2h Other capital accounts 77 4 21 4 5 5 5 12 3 1 3 k 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 54,277 2,856 13,612 2,955 4,424 3,633 3,108 8,985 2,164 1,178 2,380 2,228 6,754 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 F. R. notes outstanding 31,343 1,826 7,465 1,881 2,801 2, 567 1,781 5,598 1,321 657 1,235 941 3,270 Collateral for F. R. notes: Gold certificate account 7,388 443 l, 600 465 670 645 4oo 1,400 330 130 290 215 800 Eligible paper 30 -- — 3 17 — -- 3 — 7 — -- U. S. Government securities 25j .* 280 1.4o4 6. CCO 1. 500 2.250 1.Q76 1.450 4,50_Q_ 1, Q5Q -550 . 1,.QQQ_ 800 9,800 c. c-vv Total collateral 32,698 1,847 7,600 1,968 2,920 2,638 1,850 5,900 1,383 680 1,297 1,015 3,600 * Less than $500,000. Digitized for FRAASfEtRe r deducting $ 62 million participations of other Federal Reserve Banks, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis