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 hA,i April 4, 1963 The average of daily figures of total member bank reserves held during the week ended April 3 decreased a net of $9 million to $19.>590 million. Estimated currency and coin of member banks decreased $59 million and their reserve balances at the Federal Reserve Banks increased $50 million. Estimated required reserves increased $24 million^ and estimated excess reserves <_cre>..se $33 million to $4-32 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $258 million, compared with the revised figure o $224 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $336 million in U. S. Government securities bought outright and $26 million held under repurchase agreement, and a decrease ol $119 million in Treasury deposits with Federal Reserve Banks. The principal oxisetting changes were decreases of $253 million in Federal Reserve float and $67 million in member bank borrowings, and an increase of 9110 million in currency in circulation. Total Reserve Bank credit increased $4l million. As of Wednesday, April 3, holdings of U. S. Government securities bought outright were $558 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $77 million lower, and member bank borrowings were $87 million lower. Outright holdings of bills, notes, and bonds increased $4l6 million, $ll4 million, and $28 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 3, Mar. 27, Apr. 4, Apr. 3, and related items 1963 ___1263____ 1962 1963— (In millions of dollars; Reserve Bank credit: U. S. Government securities-- Bought outright— System account 30,855 +336 +1,859 31,071 Held under repurchase agreement 142 + 26 12 47 Acceptances— bought outright 50 - 1 + 9 49 Discounts and advances-- Member bank borrowings 174 - 67 + 99 107 Other 30 -- 35 30 Float 1,345 -253 + 316 1,225 Total Reserve Bank credit 32,59? + 4i +2,235 32,529 Gold stock 15,878 -- - 731 15,878 Treasury currency outstanding 5,578 + 2 - 13 5,579 54,053 "+' 4 4 +17492 53798? Currency in circulation 34,525 +110 +1,475 34,624 Treasury cash holdings 439 » 12 + 6 449 Treasury deposits with F. R. Banks 895 -119 + 495 964 Foreign deposits with F. R. Banks 189 + 3 - 31 170 Other deposits with F. R. Banks 191 + 17 - 160 196 Other F. R. accounts (net) 1,074 - 4 + 49 j 1,081 37,313 - 6 +1,834 l 37,484 Member bank reserves: With Federal Reserve Banks 16,740 + 50 - 340 16,501 Currency and coin (estimated) 2,850 - 59 + 267 2,960 Total reserves held 19,590 - 9 - 73 19,461 Required reserves (estimated) 19,158 + 24 + 12 i 19,165 Excess reserves (estimated) 432 - 33 - 85 j 296 On April 3, 1963, U..S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7^292 million^ a decrease of $i+9 million for the week and an increo.se of $1,55^ million from the comparable Digitized for FRASER date 0. 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 BARKS (in millions of dollars) Change since Apr. 3, Mar. 27, Apr. 4, .1963— 1963.. 1962 A S S E T S Gold certificate account 14,338 — - 858 Redemption fund for F. R. notes 1,265 - 3 + 128 ,Total gold certificate reserves £57^03 - 3 - 730 Cash (395) 378 - 16 - 17 Discounts and advances 137 - 87 - 35 Acceptances— Bought outright 49 — + 9 U. S. Government securities: Bought outright— Bills 2,668 +4l6 - 543 Certificates 13,580 — +8,608 Notes 10,524 +114 -6,409 Bonds 4,299 + 28 + 208 Total "bought outright 31,071 7558 +1,864 Held under repurchase agreement 47 - 77 86 Total U. S. Government securities 31/llS +481 +17775 Total loans and securities 31,304 +394 +1,752 Cash items in process of collection (1,032) 4,991 + 89 + 500 Bank premises 103 — 5 Other assets 402 + 17 + 17 TOTAL ASSETS (1,427) 52,781 +45l +1,517 L I A B I L I T I E S Federal Reserve notes (395) 29,598 +174 +1,468 Deposits: Member hank reserves 16,501 + 91 - 788 U. S. Treasurer— general account 964 +113 + 667 Foreign 170 - 14 - 29 Other (**) 196 + 7 - 160 Total deposits (**) 17,831 +197 - 310 Deferred availability cash items (1,032) 3,766 + 87 + 280 Other liabilities and accrued dividends 74 + 5 -- TOTAL LIABILITIES (1,427) 51,269 +463 +1,438 C A P I T A L A C C O U N T S Capital paid in 478 — + 25 Surplus 934 -- + 46 Other capital accounts 100 + 18 + 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,427) 52,781 +481 +1,517 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) 32.6$ -.20 - 2.40 Contingent liability on acceptances purchased for foreign correspondents 84 + 1 18 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined Basis on the following pages. MATURITY DISTRIBUTION OF LOADS AND SECURITIES, APRIL 3. 19&3 (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 105 Ik 8l0 + 90 16 days to 90 days 32 35 4,687 + 84 91 days to 1 year - - - - 12,493 +165 Over 1 year to 5 years - - -- 10,980 +142 Over 5 years to 10 years - - 2,183 -- Over 10 years - - 165 -- Total 137 49 SITES +451 Digitized for FRASER Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 3, 1963 Netr Phila­ Cleve­ Rich­ St. Minne­ Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran­ cisco (In millions of dollars) A S S E T S Gold certificate account 14,338 823 3>383 783 1,184 989 763 2,498 567 293 632 562 l,86l Redemption fund for F. R. notes _JU|65_ 71 303 73 113 99 73 228 52 28 51 38 136 Total gold certificate reserves 15,603 894 3,686 856~ 1,297 1,088 83T~ 2,726 619“ 321 68J~ 5oo~ 1,997 F. R. notes-of other Banks 395 26 97 37 27 18 53 29 11 27 10 28 32 Other cash 378 27 60 23 33 30 35 66 18 9 11 l4 52 Discounts and advances 137 27 27 5 4 6 6 33 1 6 7 4 11 Acceptances: Bought outright 49 - - 49 — — _ _ __ U. S. Government securities: Bought outright— Bills 2,668 137 667 147 220 179 144 446 108 56 li4 ill 339 Certificates 13,580 699 3,394 747 1,121 913 732 2,270 547 287 582 564 1,724 Notes 10,524 541 2,630 579 868 708 5 68 1,759 424 222 451 437 1,337 Bonds 4,299 221 1,074 237 355 289 232 718 173 91 185 178 546 Total 31,071 1,598 7,765 1,710 2,W 2,089 1,676 5,193 1,252 656 1,332 1,290 3,946 Held under repurchase agreement 47 -- 47 -- — — __ Total U. S. Government securities 31,118 1,598 7.812 1,710 2,564 2,089 1,676 5,193 1,252 656 1,332 1,290 3,946 Total loans and securities 31,304 1,625 7,888 1,715 2,568 2,095 1,682 5,226 1,253 662 1,339 1,294 3,957 Cash items in process of collection 6,023 429 1,163 362 500 4o8 456 954 245 178 309 270 749 Bank premises 103 3 8 3 7 5 l4 23 6 4 7 12 11 Other assets 402 20 101 22 - 34 26 23 65 l6 7 18 19 51 TOTAL ASSETS 54,208 3,024 13,003 3,018 4,466 3,670 3,099 9,089 2,168 1,208 2,377 2,237 6,849 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BARK ON APRIL 3, 1963 San Total Boston New Phila- Cleve- Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (in millions of dol]_ars) L I A B I L I T I E S Federal Reserve notes 29,993 1,774 7,177 1,804 2,609 2, 430 1,704 5,420 1,257 568 1,197 883 3,170 Deposits: l6,501 722 4,255 763 1,219 752 865 2,495 592 4oi 803 956 2,678 Member hank reserves 964 68 139 62 80 69 50 112 59 56 74 76 119 U.S* Treasurer-general account Foreign 170 7 1/57 9 14 7 9 22 5 4 6 9 21 196 1 128 l 2 6 l 1 1 l 2 1 51 Other Total deposits 17,831 798 4,579 835 1, 315 834 925 2,630 657 462 885 1,042 2,869 4,798 376 821 290 397 329 382 811 199 142 228 224 599 Deferred availability cash items Other liabilities and accrued 74 4 19 3 7 4 4 13 3 1 3 3 10 dividends TOTAL LIABILITIES 52,696 2,952 12,596 2,932 4,328 3,597 3,015 8,874 2,116 1,173 2, 313 2,152 6,648 CAPITAL ACCOUNTS 478 23 129 27 44 23 27 67 16 11 20 27 64 Capital paid in 934 44 251 54 87 44 51 132 32 22 4o 53 124 Surplus 100 5 27 5 7 6 6 16 4 2 4 5 13 Other capital accounts TOTAL LIABILITIES AND 54; 208 3,024 13,003 3,018 4,466 3,670 3,099 9,089 2,168 1,208 2,377 2,237 6,849 CAPITAL ACCOUNTS Contingent liability on accept­ ances purchased for foreign 84 4 2/22 5 8 4 5 12 3 2 3 5 11 c orre spondent s FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,221 1,826 7,463 1,866 2,774 2,543 1,771 5,556 1,310 653 1,226 942 3,291 Collateral for F. R. notes: Gold certificate account 7,253 443 1,600 465 580 620 4co 1,4co 310 130 290 215 800 Eligible paper 9 3 6 U. S. Government securities 25,360 1.434 6,000 1,500 2,250 . 1,976 _ 1,450 4,500 1,100 ,5.5_Q_ 1,000 800 2,800 Total collateral 32,622 1,877 7,600 1,968 2,830 2,596 1,850 5,900 1,4io 680 1,296 1,015 3,600 l/ After deducting $113 million participations of other Federal Reserve Banks. Digitized2 f/or FARfAtSeErR deducting $ 62 million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis