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 March 7, 1963 The average of daily figures of total member bank reserves held during the week ended March 6 increased a net of $49 million to $19,526 million* Esti­ mated currency and coin of member banks decreased $lf3 million and their reserve balances at the Federal Reserve Banks increased $222 million. Estimated^required reserves increased $71 million; and estimated excess reserves decreased 5p22 million to $445 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $303 million, compared with the revised figure of $336 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $147 million in Federal Reserve holdings of U. S. Government securities and $69 million in Federal Reserve float, and de­ creases of $101 million in "other" deposits with Federal Reserve Banks and $42^ million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $35 million in gold stock and increases of $55 million in Treasury deposits with Federal Reserve Banks and $51 million in currency in circulation. Total Reserve Bank credit increased $225 million. As of Wednesday, March 6, holdings of U. S. Government securities bought outright were $107 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $53 million lower, and member bank borrowings were $88 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Mar. 6, Feb. 27, Mar. 7, Mar. 6, and related items 1968 ____1263___ 1962 1963 (][n millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 30,402 + 4l +1 ,983 30,468 Held under repurchase agreement 150 +106 + 136 84 Acceptances--bought outright 55 - 4 + 9 54 Discounts and advances— Member bank borrowings l42 + 13 + 52 182 Other 30 -- - 36 30 Float 1,665 + 69 + 326 ! 1,435 Total Reserve Bank credit 32,444 +225 +27^70 ! 32,253 Gold stock 15,878 - 35 - 894 ! 15,878 Treasury currency outstanding 5.573 + 3 - l4 ! 5,574 53,895 +19^ +1, 562 | 53,705 Currency in circulation 34,279 + 51 +1, 371 1 34,381 Treasury cash holdings 451 - 3 + 11 ; 462 Treasury deposits with F. R. Banks 856 + 55 455 ! 857 Foreign deposits with F. R. Banks 188 - 42 - 26 j 184 Other deposits with F. R. Banks 213 -101 70 i 198 Other F. R. accounts (net) 1,135 + 10 35 1 1,129 7 37,122 - 30 +1 % | 37,211 r f Member bank reserves: With Federal Reserve Banks 16,772 +222 - 215 16,494 Currency and coin (estimated) 2,754 -173 + 257 2,863 Total reserves held 19,526 +T9 + 42 19,357 Required reserves (estimated) 19,081 + 71 + 43 19,049 Excess reserves (estimated) 445 - 22 - 1 308 Cn March 6, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,133 m illion, an increase of $18 m illion for the week and an increase of $1,633 m illion from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) CONSOLIDATED STATE IEI7T OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Chdnge since Mar. 6, Feb. 27, Mar. 7, 1963 1963 19.62 A S S E T S - 988 Gold certificate""account 14,332 Redemption fund for F. R. notes 1,263 + 119 Total gold certificate reserves 15,595 — - 669 *" ' — — — — — — # Cash (530) 4o6 - 2 - 49 Discounts and advances 212 + 88 - 200 Ac ceptance s--hought outright 54 - 3 + 10 U. S. Government securities: Bought outright-- Bills 2,435 +107 - 465 Certificates 13,580 - - +8,608 Notes 10,289 - - -6,553 Bonds 4,164 — + 318 Total bought outright 30,468 +107 +1,908 Held under repurchase agreement 84 - 53 + 84 Total U. S. Government securities 30,552 + 54 +1,992 Total loans and securities 30,818 +139 +1,802 Cash items in process of collection (967) 5,107 -287 + 546 Bank premises 104 - 1 5 Other assets 336 + 25 + 50 -126 TOTAL ASSETS (1,497) 52,366 437575 L I A B I L I T I E S Federal Reserve notes (530) 29,392 +143 +1,351 Deposits: 16,494 - 2 - 603 Member bank reserves U. S. Treasurer— general account 857 + 98 + 447 184 - 38 - 45 Foreign Other 198 - 73 7 Total deposits 17,733 - 15 - 208 Deferred availability cash items (967) 3,672 -268 + 257 Other liabilities and accrued dividends ___67 - 3 — TOTAL LIABILITIES (1,497) 50,864 ^143 +1,400 c a p i t a l A C C O U N T S + 22 Capital paid in 474 + 46 Surplus 934- - - Other capital accounts 9+ + 17 + 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,497) 52,366 ^126 +1,475 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) 32.75$ .19$ - 2.' Contingent liability on acceptances purchased for foreign correspondents 84 -- - 31 * 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, MARCH 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 Within 15 days 181 16 558 +12 16 days to 90 days 31 38 4,657 91 days to 1 year -- 12,379 +42 Over 1 year to 5 years „ 10,687 *■ ■* Over 5 years to 10 years -- 2,114 Over 10 years -- -- 157 —•■■TP Digitized for FR T A o S t E a R l 212 55 30,552 +54 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT of condition of each federal reserve bark oh march 6, 1963 San Total Boston Hew Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne- Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco Tin millions of dollars) A S S E T S Gold certificate account 14,332 753 3,834 753 1,051 984 722 2,322 560 304 588 562 1,899 Redemption fund for F. R. notes 1,263 72 297 74 110 99 75 229 52 28 51 39 137 Total gold certificate reserves 15,595 825 4,131 827 l,lol 1,083 797 2,551 612 332 639~ 601 2,036 F. R. notes- of other Banks 530 39 117 47 36 25 80 46 12 32 14 31 51 Other cash 4o6 31 65 28 38 33 34 65 20 11 12 12 57 Discounts and advances 212 9 66 3 18 7 7 38 8 2 35 7 12 Acceptances: Bought outright 54 — 54 -- -- — -- — -- -- — -- — U. S. Government securities: Bought outright— Bills 2,435 122 599 135 203 163 136 4l0 100 51 104 100 312 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, m 1,528 7,493 1,683" 2,541 2,041 1,703 5,141 1,244 636 1,304 3,902 Held under repurchase agreement 84 -- 84 -- -- — — — ** — Total U. S. Government securities 30,552 1,528 7,577 1,683 2,541 2,04l 1,703 5,i4l 1,244 636 1,304 1,252 3,902 Total loans and securities 30,818 1,537 7,697 1,686 2,559 2,048 1,710 5,179 1,252 638 1,339 1,259 3,914 Cash items in process of collection 6,074 428 1,192 363 473 442 455 1,005 252 183 308 268 705 Bank premises 104 3 8 3 7 5 14 24 6 4 7 12 11 Other assets 336 16 85 20 29 20 19 53 13 6 16 16 43 TOTAL ASSETS 53,863 2,879 13,295 2,974 4,303 3,656 3,109 8,923 2,167 1,206 2,335 2,199 6,817 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 MARCH 6, 1963 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis City cisco (in nlillions of dollars) L I A B I L I T I E S Federal Reserve notes 29,922 1,767 7,142 1,805 2,605 2,440 1,707 5,410 1,259 567 1,198 883 3,139 Deposits: Member bank re selves 16, 494 608 4,642 709 1,128 731 871 2,421 610 392 773 910 2,699 TF.S. Treasurer-general account 857 77 88 58 50 68 54 90 4l 58 66 88 119 Foreign 184 8 1/59 10 16 8 9 24 6 4 7 10 23 Other 198 1 135 1 * _____5 1 2 1 1 2 l 48 Total deposits 17,733 694 4,924 778 1,194 812 935 2,537 658 455 848 1,009 2,889 Deferred availability cash items 4,639 344 806 302 360 328 381 751 196 147 223 220 581 Other liabilities and accrued dividends 67 3 19 3 6 4 3 11 .....3 2 2 ....3 8 TOTAL LIABILITIES 52,361 2,808 12,891 2,888 4,165 3,584 3,026 8,709 2,116 1,171 2,271 2,115 6,617 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 53 124 Other capital accounts 94 4 ...25 5 7 6 6 ____15 .... 3. 2 4 4 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,863 2,879 13,295 2,974 4,303 3,656 3,109 8,923 2,167 1, 206 2,335 2,199 6,817 Contingent liability on accept­ ances purchased for foreign corre spondent s 84 4 2/22 5 8 4 _____i_ 12 _____3_ 2 3 5 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,301 1,825 7,469 1,873 2,789 2,562 1,779 5,583 1,322 660 1,231 936 3,272 Collateral for F. R. notes: Gold certificate account 7,368 443 1,600 465 670 645 4oo 1,400 310 130 290 215 800 Eligible paper 43 — - - 2 - - - - — - - 7 — 34 — 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 2.800 Total collateral 32,691 1,847 7,600 1,967 2,920 2, 621 1,850 5,900 1,367 680 1,324 1,015 3,600 y After deducting $125 million participations of other Federal Reserve Banks * 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