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 21, 1963 The average of daily figures of total member bank reserves held during the week ended March 20 increased a net of $52 million to $19,473 million. Estimated currency and coin of member banks increased $86 million and their reserve balances at the Federal Reserve Banks decreased $34 million. Estimated required reserves increased $177 million; and estimated excess reserves de­ creased $125 million to $363 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $306 million, compared with the revised figure of $351 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $98 million in U. S. Government securities bought outright and $123 million held under repurchase agreement, and $80 million in member bank borrowings, and increases of $62 million in Treasury deposits with Federal Reserve Banks and $57 million in currency in circulation. The principal offsetting changes were an increase of $345 million in Federal Reserve float and a decrease of $4l million in "other" F. R. accounts (net). Total Reserve Bank credit increased $39 million. As of Wednesday, March 20, holdings of U- S. Government securities bought outright were $21 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $31 million lower, and member bank borrowings were $65 million higher. Outright holdings of bills decreased $137 million; notes and bonds increased $91 million and $67 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Mar. 20, Mar. 13, M&r• 21j Mar. 20, and related items 1963 1963 1962 1963 0[n millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,430 - 98 +2,015 30,554 Held under repurchase agreement __ -123 - 72 -- Acceptances--bought outright 52 - 4 + 8 50 Discounts and advances— Member bank borrowings 57 - 80 - 76 129 Other 30 - 1 - 35 30 Float 1,872 +345 + 426 1,564 Total Reserve Bank credit 32,441 + 39 +2,265 32,327 Gold stock 15,878 + 1 - 831 15,878 Treasury currency outstanding 5,577 + 1 9 5,575 53,896 + 4l +1,425 537780 Currency in circulation 34,511 + 57 +1,463 34,484 Treasury cash holdings 448 - 2 + 2 46o Treasury deposits with F. R. Banks 845 + 62 + 385 896 Foreign deposits with F. R. Banks 180 - 11 - 39 171 Other deposits with F. R. Banks 191 + 10 - 33 191 Other F. R. accounts (net) 1,073 - 4i + 46 1,074 37,248 + 75 +1,824 37,276 Member bank reserves: - 4oo With Federal Reserve Banks 16,648 - 34 16,505 - Currency and coin (estimated) 2,825 + 86 + 208 3,105 Total reserves held 19,4t3 + 52 - 192 19,610 Required reserves (estimated) 19,110 +177 - 71 19,144 Excess reserves (estimated) 363 -125 - 121 466 On March 20, 1963, U. S. Government securities held in custody by the Ffederal Reserve Banks for foreign account were $7,288 million, an increase of $p82 million for the week and an increase of $1,458 million from the comparable ’date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Mar. 20, Mar. 13, Mar. 21, 1Q6^ 196^ 1962 A S S E T S Gold certificate account 14, 317 10 - 974 Redemption fund for F. R. notes 1,268 + 4 + 124 Total gold certificate reserves 15,585 6 - 850 -)(■ Cash m ) 399 -- - 27 Discounts and advances 159 + 60 - 284 Acceptances— bought outright 50 2 + 8 U. S. Government securities: Bought outright-- Bills , 2,293 - 137 - 417 Certificates 13,580 — +8,608 Notes 10, luo + 91 -6,458 Bonds 4,271 + 67 + 263 Total bought outright 30,55ft + 21 +1,996 Held under repurchase agreement — - 31 - 248 Total U. S. Government securities 30755S 10 +1,748 Total loans and securities 30,763 + 48 +1,472 Cash items in process of collection (1,33^) 6,546 +1,053 +1,Oil Bank premises 104 -- 5 Other assets 365 + 9 + 29 TOTAL ASSETS d,8oi) 53,762 +1,104 +1,630 L I A B I L I T I E S Federal Reserve notes m ) 29,474 - 27 +1,458 Deposits: Member bank reserves 16,505 - 45 - 984 U. S. Treasurer--general account 896 + 159 + 531 Foreign 171 - 13 - 26 Other 191 + 7 - 67 Total deposits 17,763 + 108 7 545 Deferred availability cash items (1,33*0 4,982 +1,007 + 649 Other liabilities and accrued dividends 67 2 2 TOTAL LIABILITIES (1,801) 527255 +1,086 +1,559 C A P I T A L A C C O U N T S Capital paid in 477 + 2 + 24 Surplus 934 -- + 46 Other capital accounts 65 + 16 + 1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,801) 53,762 +1,io4 +17630 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$ — - 2.4$ Contingent liability on acceptances purchased for foreign correspondents 83 1 - 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 20, 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 127 14 529 - 39 16 days to 90 days 32 36 4,507 - 57 91 days to 1 year -- — «■ 12,332 - 72 Over 1 year to 5 years -- -- 10,838 +112 Over 5 years to 10 years -- -- 2,183 + 46 Over 10 years - - «• - 165 Digitized for F T RA o S t E a R l 159 50 30755S - 10 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 20, 1963 San Hew Phila- Cleve- Rich - St. Minne­ Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E T S Gold certificate account 14,317 783 3,844 752 1,018 939 697 2,567 542 277 637 538 1,723 Redemption fund for F. R. notes 1,268 72 305 73 109 101 74 228 52 28 ’ 51 39 136 Total gold certificate reserves 15,585 855 4,149 “ 825 1,127 "l,o4o 771 2,795 594 305 6ti0 577 1,659 F. R. notes of other Banks 467 32 106 39 29 24 71 37 12 27 12 31 47 Other cash 399 28 64 25 35 33 36 67 19 10 12 13 57 Discounts and advances 159 6 54 7 4 8 6 28 1 2 8 4 31 Acceptances: Bought outright 50 50 U. S. Government securities: Bought outright— Bills 2,293 115 564 126 192 154 128 386 94 48 98 94 294 Certificates 13,580 681 3,34o 750 1,133 910 759 2,292 554 283 581 558 1,739 Notes lo,4io 521 2,560 575 868 697 582 1,757 425 218 446 428 1,333 Bonds 4,271 214 1,050 236 356 286 239 721 174 • 89 183 176 547 Total 30,554 1,531 7,514 1,687 2,549 2,047 1,708 5,156 1,247 638 1,308 1,256 3,913 Held tinder repurchase agreement - - - - - - - - - - - - — -- -- -- Total U. S. Government securities 30,554 1,531 7,514 1,687 2,549 2,047 1,708 _-5*156_ 1,247 638 1,308 1,256 3,913 Total loans and securities 30,763 1,537 7,618 1,694 2,553 2,055 1,714 5,184 1,248 640 1,316 1,260 3,944 Cash items in process of collection 7,880 518 1,713 445 671 589 578 1,210 343 206 3 66 321 920 Bank premises 104 3 8 3 7 5 14 24 6 4 7 12 11 Other assets 365 18 91 21 33 23 21 .... 57 ...15__ 8 16 16 k6 TOTAL ASSETS 55,563 2,991 13,749 3,052 4,455 3,769 3,205 9,374 2,237 1,200 2,417 2,230 6,884 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

OF CGIffilTlOU .OF.. EA,CE?]PEg2ERAL RESERVE PAHK OH MARCH 20,_ 1963 H.4.1(c) San Hew Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston York delphia land mond Louis apolis City cisco (in millions of dollars ~ r L I A B I L I T I E S Federal Reserve notes 29,941 1,771 7,158 1,803 2,613 2,426 1,700 5,421 1,258 569 1,195 885 3,ite De M po e s m i b t e s r : hank reserves 16,505 670 4,460 737 1,119 73^ 873 2,530 596 395 819 930 2,642 U.S. Treasurer-general account 896 39 213 35 ^9 50 62 173 4l 56 55 85 F O o t r h e e i r gn 1 1 7 9 1 1 8 1 1 1 /5 3 0 0 10 2 1 2 5 8 4 9 l 23 1 *6 * 4 1 7 2 9 1 2 4 2 6 Total deposits 17,763 718 4,853 784 1,185 796 945 2,727 640 44l 884 995 2,795 Deferred availability cash items 6,316 429 1,324 377 515 472 474 1,005 287 155 272 264 742 Other liabilities and accrued dividends 67 3 16 4 6 4 4 12 2 1 3 3 TOTAL LIABILITIES 5^,087 2,921 13,351 2,968 4,319 3,698 3,123 9,165 2,187 1, l66 2,35^ 2,147 6,688 CAPITAL ACCOUHTS Capital paid in 477 23 129 27 44 23 27 67 16 11 20 27 63 Surplus 934 44 251 54 87 44 51 132 32 22 40 53 124 Other capital accounts ,___65 3 18 _____ 1______ L_ 4 4 10 2 1 ._____ 3______1_ 9 TOTAL LIABILITIES AHD 9,374 2,417 2,230 6,884 CAPITAL ACCOUHTS 55,563 Contingent liability on accept­ ances purchased for foreign c orre spondent s FEDERAL RESERVE AGEUTS' ACCOUHTS F. R. notes outstanding 7,453 1,873 2,790 2,549 1,781 5,565 1,323 657 944 3,293 Co G l o l l a d te r c a e l r ti f f o i r c a F. t e R. a c n c o o t u e n s t : 1,600 465 870 650 400 1,400 310 130 215 800 Eligible paper U. S. Government securities 1.434 6.000 1.500 2.250 1.976 1,450--4,_500— 1,1. loo. 550 _SQ£L 2,800, Total collateral 32,7^5 1,877 7,600 1,970 2,920 2,626 1,85c 5,900 1,410 680 1,297 1,015 3,600 1/ After deducting $ipi million participations of other Federal Reserve Banks, ♦ Less than $500,000. 2/ After deducting $ 6l million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis