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 April 11, 1963 h .4.1 The average of daily figures of total member bank reserves held during the week ended April 10 decreased $229 million to ^19,377 million. Estimated currency and coin of member banks decreased $185 million and their reserve balances at the Federal Reserve Banks decreased Jp44 million. Estimated required reserves decreased $l68 million; and estimated excess reserves decreased $6l million to $392 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $305 million, compared with the revised figure of $279 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $87 million in member bank borrowings and $60 million in U. S. Government securities held under repurchase agreement,^and an increase of $223 million in currency in circulation. The principal offsetting changes were increases of $251 million in U. S. Government securities bought outright and $80 million in Federal Reserve float. Total Reserve Bank credit increased $183 million. As of Wednesday, April 10, holdings of U. 3. Government securities bought outright were $25” million lower than a week earlier, U. S. Government securities held under repurcha.se agreement were $21 million lower, and member bank borrowings were $192 million higher. 47 ®3!9.gL9iL of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 10, 'Apr. 3, Apr. 11, Apr. 10, and related items 1963 1963 1962 1963 ----- (1 [n millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 31,106 +251 +1,972 31,046 Held under repurchase agreement 82 - 60 - 65 26 Acceptances--bought outright 50 — + 9 48 Discounts and advances-- Member bank borrowings 87 - 87 •f 27 299 Other 30 -- - 35 30 Float 1,425 + 80 + 269 : 1,155 Total Reserve Bank credit 32,779 +153 +27175 32,~6o4 Gold stock 15,878 -- - 731 15,878 Treasury currency outstanding 5,578 -- - 11 5,573 5^+,235 +182 +1Tns 54,055 Currency in circulation 34,745 +220 +1,471 34,910 Treasury cash holdings 44l + 2 + 9 44l Treasury deposits with F. R. Banks 897 + 2 + 439 985 Foreign deposits with F. R. Banks 184 - 5 - 68 193 Other deposits with F. R. Banks 194 + 3 - 133 213 Other F. R. accounts (net) 1,076 + 2 -f 46 1,079 +226 +i7765 37,821 37,539 Member bank reserves: With Federal Reserve Banks 16,696 - 44 . 331 16,233 3,006 Currency and coin (estimated) 2,681 -185 + 204 Total reserves held 19,377 -229 - 127 19,239 Required reserves (estimated) 18,985 -168 - 75 18,961 Excess reserves (estimated) 392 - 61 - 52 278 On April 10, 1963, U. S. Government securities held in custody by the ?ederal Reserve Banks for foreign account were $7,384 million, an increase of $92 million for the week and an increase of $1,657 million from the comparable Digitized for FRASER date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Apr. 10, Apr. 3, Apr. ll, 1962 1963 A S S E T S Gold certificate account 14,328 - 10 - 863 Redemption fund for F. R. notes 1,272 + 7 + 119 T -jm Total gold certificate reserves * 157^00 - 3 Cash (325) 348 - 30 - 14 Discounts and advances 329 +192 + 2 48 - 1 + 9 Acceptances— bought outright U- S. Government securities: Bought outright-- Bills 2,643 - 25 - 354 Certificates 13,580 +8,608 Notes 10,524 - - -6,409 Bonds 4,299 -- + 208 Total bought outright 31,o46 - 25 +2,053 ____26 - 21 - 177 Held under repurchase agreement Total U. S. Government securities 31,072 +1,876 Total loans and securities 31,449 +145 +1,887 Cash items in process of collection (960) 4,835 -156 + 229 Bank premises 103 - - 5 Other assets 420 + 18 + 26 TOTAL ASSETS (1,285) 52,755 +1,379 L I A B I L I T I E S Federal Reserve- notes (325) 29,849 +251 +1,565 Deposits: Member bank reserves 16,233 -268 - 567 . U. S. Treasurer--general account 985 + 21 + 421 Foreign 193 + 23 - 67 Other (**) 213 + 17 - 152 Total deposits (**) 17,624 -207 - 365 Deferred availability cash items (960) 3,680 - 86 + 105 Other liabilities and accrued dividends 71 - 3 5 TOTAL LIABILITIES (1,285) 51,224 -T5 +1,300 c a p i t a l A C C O U N T S Capital”paid in” — 478 + 25 + 46 Surplus 934 Other capital accounts 119 + + 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,285) 52,755 - 26 +1,379 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$ - 2.1 Contingent liability on acceptances purchased for foreign correspondents ®3 ” 1 - 19 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, APRIL 10, 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 297 15 59T " -19 16 days to 90 days 32 33 4,663 -24 91 days to 1 year 12,490 - 3 Over 1 year to 5 years -- -- 10,980 -- Over 5 years to 10 years -- 2,183 — Over 10 years 165 — Digitized for FTRoAtSaElR 329 55 31,072 http://fraser.stlouisfed.org/ Federa*l R*e sLeervse sB antkh oaf nS t. $Lo5u0is0,000

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 10, 1963 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 APRIL 10, 1963 F.R . notes outstanding 17581' 1,886 2,784 2,555 ' 1,768 5, 562 1,323 659 1,235 949 3,333 C ollateral for F* R. notes: Gold certificate account l, 6co 465 580 620 4cc 1,4oc 310 130 290 215 800 E lig ib le paper l 3 65 U. S. Government securities 6, cco 1.5QC 2,250 1.976 1,450 4. 500 1.100 5 SO 1.000 800 Jm-8Q£_ 32 To tal collateral ,682 7,60c 1,966 2,830 2,596 1,850 5,900 1,413 680 1,355 1,015 3,6co $128 1/ A fte r deducting m illio n participations of other Federal Reserve Banks Less than $500,000. Digitize2d /f orA FfRtAeSErR deducting $ 6l m illio n participations of other Federal Reserve Banks http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis