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 April 18, 1963 The average of daily figures of total member bank reserves held during the week ended April 17 increased $274 million to $19,647 million. Estimated currency and coin of member banks increased $240 million and their reserve balances at the Federal Reserve Banks increased $34 million. Estimated required reserves increased $121 million; and estimated excess reserves increased $153 million to $528 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $371 million, compared with the revised figure of $288 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $205 million in Federal Reserve float and $70 million in member bank borrowings, and decreases of $75 million in "other" F. R. accounts (net) and $71 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $200 million in Federal Reserve holdings of U. S. Government securities and an increase of $170 million in currency in circulation. Total Reserve Bank credit increased $74 million. As of Wednesday, April 17, holdings of U. S. Government securities bought outright were $391 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $l4 million higher, and member bank borrowings were $233 million lower. Outright holdings of bills, certificates, and bonds decreased $377 million, $9 million, and $5 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 17, Apr. 10, Apr. 18, Apr. 17, and related items 1963 19.63 1962__ 1963 [n millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,946 -l60 + 1,989 30,655 Held under repurchase agreement 42 - 4o - 31 40 Acceptances--bought outright 49 - 1 + 9 48 Discounts and advances-- Member bank borrowings 157 + 70 + 82 66 Other 30 -- 35 30 - Float 1,630 +205 + 218 1,654 Total Reserve Bank credit 32,853 +""75 +2,231 32,493 Gold stock 15,878 - 707 15,878 - - Treasury currency outstanding 5,57*1- - 4 - 10 5,576 54,305 + 70 +175i5 53,947 Currency in circulation 34,915 +170 +1,559 34,846 Treasury cash holdings 427 - 14 + 2 436 Treasury deposits with F. R. Banks 826 - 71 + 346 9l4 Foreign deposits with F. R. Banks 190 +■ 6 - i4 239 Other deposits with F. R. Banks 216 + 22 148 200 - Other F. R. accounts (net) 1,001 - 75 + 4i 985 37,575 +15 +1 Member bank reserves: With Federal Reserve Banks Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) CO NO 37,620 16,730 + 34 272 16,327 2,917 +240 + 233 3,261 19,647 +274 - 39 19,588 19,119 +121 - 75 19,364 528 +153 + 36 224 On April 17, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,470 million, an increase of $86 million for the week and an increase of $1,784 million from the comparable date a yeo„r ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Apr. 17, Apr. 10, Apr. l8, 1963 1963 1962 A S S E T S Gold certificate account Ik, 326 2 - 781 Redemption fund for F. R. notes 1,274 + 2 + 115 Total gold certificate reserves 15,600 — - 666 Cash (372) 346 2 9 Discounts and advances 96. - 233 - 220 Acceptances— bought outright 48 -- + 10 U. S. Government securities: Bought outright-- Bills 2,266 - 377 - 622 Certificates 13,571 9 +8,599 Notes 10,524 -6,409 Bonds 4,294 5 + 203 Total bought outright 30,655 - 391 +1,771 Held under repurchase agreement 40 + i4 + 4o Total U. S. Government securities 30,695 - 377 +1,811 Total loans and securities 30,839 - 610 +1,601 Cash items in process of collection (1*338) 6,248 +1,413 + 644 Bank premises 103 — 5 Other assets • 462 + 42 + 51 TOTAL ASSETS (l, 710) 53,59'S +1,616 0 2 L I A B I L I T I E S Federal Reserve notes (372) 29,774 - 75 +1,506 Deposits: Member bank reserves 16,327 + 94 - 601 U. S. Treasurer--general account 914 - 71 + 4o6 Foreign 239 + 46 + 33 Other 200 - 13 - 157 Total deposits 17,686 + 56 - 319 Deferred availability cash items (1,33®) 4,594 + 914 + 359 Other liabilities and accrued dividends 76 + 5 — TOTAL LIABILITIES (1,710) 52,124 + 900 +1,546 c a p i t a l A C C O U N T S Capital paid in 479 + 1 + 26 Surplus 934 -- + 46 Other capital accounts 61 - 58 2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,710) 53,598 4—843 +1,616 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$ - 2.31° Contingent liability on acceptances purchased for foreign correspondents 83 19 * Figures in parentheses are the eliminations made in the consolidating process; following pages._______ see comparable figures on combined basis on the MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 17, 1983 (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 Changes Discounts and advances Acceptances Holdings during week Within 15 days 64 18 275 -316 16 days to 90 days 32 30 4,6l4 - 49 91 days to 1 year -- 12,478 - 12 Over 1 year to 5 years -- 10,980 Over 5 years to 10 years — 2,183 Over 10 years -- 165 Total 96 307695 -377 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMEIIT OF CGIJBITIOIT OF EACH FEDERAL RESERVE BARK OH APRIL 17, 1963 H.4.l(t>) San Total Boston Hew Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Balias Fran­ York delphia land mond Louis apolis City cisco (in millions of dollars) A S S E T S Gold certificate account 14,326 775 3,397 738 1,139 892 801 2,378 602 285 664 549 2,106 Redemption fund for F. R. dotes 1,274 71 303 74 112 108 73 227 52 28 51 39 136 Total gold certificate reserves 15,600 84 6 3,700 Sl2~ 1,251 1,000 EW 27605“ 654“ 313 715 5B8 2,242 F O . t h R e . r n c o a t s e h s of other Banks 3 3 7 46 2 1 23 7 9 5 7 6 2 1 6 9 3 24 1 2 2 3 8 4 33 6 6 28 1 1 1 2 6 25 8 1 13 1 2 1 3 1 3 4 8 9 Discounts and advances 96 n 17 3 4 5 17 14 1 3 14 2 5 Acceptances: Bought outright 48 — 48 — — — -- -- — -- -- -- U. S. Government securities: Bought outright-- 2,266 117 5 66 125 187 152 122 378 92 48 97 94 288 B C i e l r l t s ificates 13,571 697 3,392 747 1,120 913 732 2,268 547 286 582 564 1,723 Ilotes 10,524 541 2,630 579 868 708 568 1,759 424 222 451 437 1,337 Bonds 4,294 221 1,073 236 354 289 232 718 173 91 184 178 545 Total 30,655 1,575" 7,661 1,687 2,529 2,062 1,65V 5,123 1,236" w r 1,314 1,273 3,893 Held under repurchase agreement 4o 40 Total U. S. Government securities 30,695 1,576 7,701 1,687 2,529 2,062 1,654 5,123 1,236 647 1,314 1,273 3,893 Total loans and securities 30,839 1,587 7,766 1,690 2,533 2,067 1,671 5,137 1,237 650 1,328 1,275 3,898 B C O a a t n s h c k h e o r l p l i a r e t s e e c s m m t s e i i t s o s e n i s n process of 7,5 4 1 8 0 6 6 3 2 46 2 3 3 4 1,4 1 6 1 8 2 7 49 2 4 3 7 6 3 51 9 7 56 2 6 8 5 58 l 26 4 2 1,24 2 7 6 3 4 32 1 7 6 7 19 1 8 0 4 36 2 4 0 7 29 1 2 2 1 1 94 1 5 2 1 9 TOTAL ASSETS 55,308 2,963 13,206 3,071 4,536 3,717 3,246 9,174 2,269 1,208 2,458 2,221 7,239 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAM OK APRIL 17, 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 dollars) L I A B I L I T I E S Federal Reserve notes 30,l46 1,787 7,205 1,818 2,617 2,435 1,708 5,448 1,264 574 1,204 889 3,197 Deposits: Member bank reserves 16,327 652 4, i64 707 1,177 693 897 2, 362 62 6 384 844 904 2,917 U.S. Treasurer-general account 914 76 123 51 50 94 55 104 74 45 54 74 114 Foreign 239 11 1/79 13 20 10 12 31 7 5 9 13 29 Other 200 * 139 * 2 5 1 2 * 1 1 49 Total deposits 17,680 739 4,505 771 1,249 802 965 2,499 707 434 908 992 3,109 Deferred availability cash items 5,932 363 1,079 394 529 405 487 1,CC6 246 l64 280 253 726 Other liabilities and accrued dividends 76 4 20 4 6 4 4 13 2 2 _____i______3__ 11 TOTAL LIABILITIES 53,834 2,893 12,809 2,987 4,4oi 3,646 3,164 8,966 2,219 1,174 2,395 2,137 7,043 CAPITAL ACCOUNTS Capital paid in 479 23 129 27 44 23 27 67 16 11 20 28 64 Surplus 934 44 251 54 87 44 51 132 32 22 4o 53 124 Other capital accounts 61 3 17 3 4 4 4 9 2 1 3 ______3_ 8 TOTAL LIABILITIES AHD CAPITAL ACCOUNTS 55,308 2,963 13, 206 3,071 4,536 3,717 3,246 9,174 2,269 1,208 2,A58 2,221 _ L ?32_ Contingent liability on accept­ ances purchased for foreign correspondents 83 4 2/22 5 8 4 4 12 3 2 3 5 ll FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31A31 1,836 7,%>8 1,892 2,783 2,558 1,777 5,576 1,326 657 1, 240 946 3,342 Collateral for F. R. notes: Gold certificate account 7,253 443 1,6C0 465 580 620 400 i,4oo 310 130 290 215 800 Eligible paper 13 - - — 1 -- — -- -- — -- 12 -- — — U. S. Government securities 25,390 1,434 6, 000 l, 500 2,250 2, CC6 1,450 4,500 1,100 1,000 800 CM • X) O O Total collateral 32,656 1,877 7,600 1,966 2,830 2, 626 1,850 5,900 l,4io 680 1, 302 1,015 3,600 \ f After deducting $160 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