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 g , M a r c h l4, 1963 The average of daily figures of total member bank reserves held during the week ended March 13 decreased $95 million to $19*424 million. Estimated currency and coin of member banks decreased $5 million and their reserve balances at the Federal Reserve Banks decreased $90 million. Estimated required reserves decreased $l46 million; and estimated excess reserves increased $51 million to $448 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $311 million, compared with the revised figure of $255 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $138 million in Federal Reserve float and an increase of $175 million in currency in circulation. The principal offsetting changes were an increase of $99 million in Federal Reserve holdings of U» S. Government securities and decreases of $73 million in Treasury deposits with Federal Reserve Banks, $32 million in "other" deposits with Federal Reserve Banks, and $21 million in "other" F.R. accounts (net). Total Reserve Bank credit de­ creased $42 million. Ac of Wednesday, liarch 13, holdings of U. S. Government securities bought outright were $65 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $53 million lower, and member bank borrowings were $118 million lower. Outright holdings of bills decreased $5 million; notes and bonds increased $30 million and $40 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Mar. 13, Mar. 6, I Mar. 14, Mar. 13* and related items 1963 1963 1 1962 . 1963— (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright— System account 30,528 +126 +2,065 30,533 Held under repurchase agreement 123 - 27 84 31 Acceptances— bought outright 56 + 1 + 11 52 Discounts and advances— Member bank borrowings 137 - 5 + 84 64 Other 31 + 1 - 34 35 Float 1>527 -138 •f 275 1*518 Total Reserve Bank credit 32,402 - 42 +2,,485 32,233 Gold stock 15*877 - 1 - 847 15*878 Treasury currency outstanding 5*576 + 3 - l4 5*577 ^25 53*688 53*855 - 40 Currency in circulation 34,454 +175 +1,,388 34,513 Treasury cash holdings 450 - 1 9 453 Treasury deposits with F. R. Banks 783 - 73 322 737 Foreign deposits with F. R. Banks 191 + 3 - 33 184 Other deposits with F. R. Banks 181 - 32 - 53 184 Other F. R. accounts (net) i,n4 - 21 + 61 1*067 37*173 + 51 +1:m 37*138 Member bank reserves: With Federal Reserve Banks 16,682 - 90 m. 69 16,550 Currency and coin (estimated) 2,742 - 5 + 145 3*096 Total reserves held 19,424 - 95 + 76 I9*fc46 Required reserves (estimated) 18,976 -146 + 106 19*090 Excess reserves (estimated) 448 + 51 - 30 556 On March 13, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,206 million, an increase of $73 million for the week and an increase of $1,503 million from the comparable Digitized ford FaRtAeS ERa year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE. BANKS (in millions of dollars) Change dince Mar. 13, Mar. 6, Mar* 14, -1963___ 1963 .19&L..,- A S S E T S Gold certificate account 14,327 - 5 - 964 Redemption fund for F. R. notes 1,264 + 1 + 117 Total gold certificate reserves 15,591 - ' 4 - 847 Cash (473) 399 - 7 - 27 Discounts and advances 99 -113 - 29 Acceptances--bought outright 52 - 2 + 9 U. S. Government securities: Bought outright-- Bills 2,430 - 5 - 192 Certificates 13,580 — +8,608 Notes 10,319 + 30 -6,540 Bonds 4,204 + 4o + 208 Total bought outright 30,533 +“65 +2,o84 Held under repurchase agreement 31 - 53 + 3 Total U. S. Government securities 307564: + 12 +2,087 Total loans and securities 30,715 -103 +2,067 Cash items in process of collection (965) 5,493 +386 + 309 Bank premises 104 5 Other assets 356 + 20 + 32 TOTAL ASSETS (1,438) 52,65§ +292 +1,529 L I A B I L I T I E S Federal Reserve notes (473) 29,501 +109 +1,4o8 Deposits: Member bank reserves 16,550 + 56 - 125 U. S. Treasurer— general account 737 -120 + 247 Foreign 184 - 31 Other 184 - 14 - 31 Total deposits 17,655 - 76 + 60 Deferred availability cash items (965) 3,975 +303 - 11 Other liabilities and accrued dividends 69 + 2 + 4 TOTAL LIABILITIES (1,438) 51,200 +335 C A P I T A L A C C O U N T S Capital paid in 475 + 1 + 22 Surplus 934 — + 46 Other capital accounts 49 - 45 -- TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,438) 52,658 +292 +1,529 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) 32.7$ - 2.9$ Contingent liability on acceptances purchased for foreign correspondents 84 20 * 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 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 Within 15 days 67 l6 568 +10 16 days to 90 days 32 36 4,564 -93 91 days to 1 year -- 12,4o4 +25 Over 1 year to 5 years -- -- 10,726 +39 Over 5 years to 10 years —- 2,137 +23 Over 10 years «... _ _ 165 + 8 Digitized for FRASER http://fraser.stlo T ui o sf t e a d. l org/ 99 52 30,564 +12 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH'FEDERAL RESERVE RANK ON MARCH- 13, 1963 - H.4.1(b) San New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E T S G Re o d l e d m p c t e i r o t n i fi f c u a n t d e f a o c r c F o . u n R t . notes 1^ 1 , , 3 2 2 6 7 4 80 7 6 2 3,9 29 52 6 75 7 9 4 1,0 1 1 1 7 0 9 1 5 0 9 2 70 7 4 4 2,2 2 6 2 6 9 56 5 7 2 29 2 8 8 6l 5 8 1 53 39 9 1,8 1 4 3 2 7 Total gold certificate reserves 15,591 EW~ ■4,248"“ 833“ 1,127 1,061 77S~ 2,^95 519 326 669 578 1,9(9 F O . t h R e . r n c o a t s e h s of other Banks 4 3 7 9 3 9 3 3 3 0 11 6 2 6 4 2 l 6 2 3 8 5 3 2 3 2 7 33 0 4 6 0 6 1 1 1 9 2 1 8 0 1 1 3 2 3 1 2 2 4 5 3 7 Discounts and advances 99 5 24 5 6 8 6 22 1 1 14 2 5 Acceptances: — Bought outright 52 — 52 — — -- -- -- -- - — — U. S. Government securities: Bou B C N B g i e o o l h r t n T l t t e d o s i s s t f o a i u l c t a r t i e g s ht— 1 1 3 2 4 0 0 3 , , , , ,5 4 5 3 2 8 3 3 1 0 0 0 3 9 4 1, 1 6 5 2 5 2 8 1 1 3 2 1 7 1 1 3 2 1 7 , , , , 3 5 5 0 5 4 9 3 3 0 7 0 8 4 9 1, 1 7 5 2 6 3 5 7 3 8 4 0 0 2 6"" 1 2 , , 1 2 8 3 3 0 6 5 W 3 2 l 1 2, 1 9 0 6 2 6 4 1 8 9 3 0 5 1 1 1, 1 7 2 7 5 3 3 5 7 0 6 5 9 7 7 2 1 5 , , , 2 4 7 1 7 9 l 4 0 5 2 o 1 9 2 1,2 1 5 4 1 4 0 5 2 7 4 0 1 7 2 2 2 6 8 1 5 8 3 3 5 T 1 8 ~ 1, 1 4 5 1 3 8 0 4 8 0 4 1 2 0 7 1 5 4 2 1 0 5 2 7 5 0 8 4 3 5 1 1 3 , , ,3 3 7 9 5 2 1 3 3 1 2 1 8 9 0 Held under repurchase agreement 31 31 Total U. S. Government securities 30,564 1,531 7,540 1,686 2,547 2,o45 1,707 5,152 1,247 637 1,307 1,255 3,910 Total loans and securities 30,715 1,536 7,616 1,691 2,553 2,053 1,713 5,174 1,248 638 1,321 1,257 3,915 C B O a a t s n c h h k o e l r p l i r t e a e e c s m m t s s i e i s t o e s n i s n process of 6,4 1 3 5 0 5s 8 4 6w 42 1 9 3 7 1,27 8 3 8 9 38 2 0 3 0 52 3 2 7 1 47 2 4 3 Jtr 50 1 2 8 4 1 1,02 o C 5 rn 8 k 6 TT 28 l4 1 6 193 4 8 32 1 8 5 7 28 1 1 1 2 6 76 1 4 1 1 6 +J TOTAL ASSETS 54,096 2,926 13,412 2,994 4,303 3,671 3,137 8,883 2,198 1,207 2,365 2,188 6,812 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.T(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 13V 1963 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis City cisco (In nlillio n s of dollars) L I A B I L I T I E S Federal Reserve notes 29,97^ 1,771 7,150 1,807 2,611 2,439 1,707 5,421 1,262 569 1,199 88 6 3,152 Deposits: Member bank reserves 16,550 680 4,677 713 1,099 748 8 66 2,372 608 391 807 907 2,682 U.S..Treasurer-general account 737 46 122 60 57 47 50 55 47 51 45 68 89 Foreign 184 8 1/63 10 15 8 9 23 6 4 7 9 22 Other 184 1 128 1 l 4 1 1 * * 2 1 44 To ta l deposits 17,655 735 4,990 784 l, 172 807 926 2,451 661 446 861 985 2,837 referred a va ila b ility cash items 4,940 3V7 862 317 380 351 419 793 222 157 240 232 620 Other lia b ilitie s and accrued dividends 69 4 17 3 6 4 4 12 3 l 3 3 9 TOTAL LIABILITIES 52,638 2,857 13;019 2,911 ^,169 3,601 3,056 8,677 2,148 1,173 2,303 2,106 6,618 tAPlTAL ACCOUNTS 1 ‘'Capital paid in 475 ! 23 128 27 44 23 26 67 16 11 20 27 63 Surplus 934 44 251 54 87 44 51 132 32 22 40 53 124 Other capital accounts 49 ' 2 l4 2 .... 3..... 4 7 . 2 _____1- ....2 . 2 _ ___JL TOTAL LIABILITIES AND CAPITAL ACCOUNTS 54,096 2,926 13,412 2,994 4,303 3,671 3,137 8,883 2,198 1.207 2.365 2,188 6,812 Contingent lia b ility on accept­ ances purchased fo r foreign correspondents 84 4 2/22 5 8 4 5 12 3 2 .3 ... 5 11 FEDERAL RESERVE AGENTS’ ACCOUI'ITS F. R. notes outstanding 31, 324 1,827 7A51 1,87^ 2,786 2, 560 1,777 5,584 1,319 659 1,237 9E5 3,305 Collateral for F. R. notes: Gold certificate account 7,373 443 1,600 465 670 650 4oo 1,400 310 130 290 215 800 E lig ib le paper 16 -- 3 -- — — — * 13 — -- U. S. Government securities 25,330 1,4o4 6, 000 1,500 2,250 1,976 1,450 4,500 1,100 550 1,000 800 2,800 Total collateral 32,719 1,847 7,600 1,968 2, 920 2,626 1,850 5,900 . l, 4io 680 1,303 1,015 3,6co l/ After deducting $121 m illion participations of other Federal Reserve Banks. * Less than $500,000 Digitiz2e/d foAr FfRtAeSrE Rd educting $ 62 m illion participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis