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 For immediate release Condition Statement of F.R. Banks April 25, 1963 Tlie average of daily figures of to ta l member tank reserves held during the week ended A p ril 24 increased a net of $19 m illion to $19; 705 m illio n . Estimated currency and coin of member banks increased $39 million and their reserve balances at the Federal Reserve Banks decreased $20 million. Estimated required reserves increased $78 million; and estimated excess reserves decreased $59 million to $470 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $313 million, compared with the revised figure of $372 million the week before. The principal changes reducing average reserve balances w ith Federal Reserve Banks were decreases of $357 m illion in 0. S. Government securities bought outright and $42 m illion held under repurchase agreement, and an increase of $170 m illion in Treasury deposits w ith Federal Reserve Banks. The principal offsetting changes were an increase of $289 m illion in Federal Reserve float and a decrease of $230 m illion in currency in circulation. Total Reserve Bank credit decreased $110 m illio n . As of Wednesday, April 24, holdings of U. S. Government securities bought outright were $118 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $40 million lower, and member bank bor­ rowings were $758 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Apr. 24, Apr. 17; I Apr. 25; Apr. 24, and related items 1Q63 1063 1 1962.v _ ..1963— (in millions of dollars) Reserve Bank cre d it: U. S. Government se curitie s-- Bought outright--System account 30,589 -357 +1,707 30,537 «M — - 42 - 151 Held under repurchase agreement Acceptances-- Bought outright 47 - 2 + 1 9 46 -- Held under repurchase agreement Discounts and advances-- + 72 824 Member bank borrowings 157 Other 31 + l - 34 35 +289 + 419 1,350 Float 3 1 2, , 7 9 4 1 3 9 -no +2,021 32,792 Total Reserve Bank credit - 1 - 646 15,878 15;877 Gold stock 5,578 + 4 - 8 5,580 Treasury currency outstanding -107 +1,366 557250 54;198 -230 +i,44l 34,614 Currency in circulation 34;685 1 1 r* Treasury cash holdings 437 + 10 + 9 4^5 996 +170 + 478 1,065 Treasury deposits with F. R. Banks 191 + 1 - 18 185 Foreign deposits with F. R. Banks 192 - 24 - 162 198 Other deposits with F. R. Banks 987 - l4 + 24 993 Other F. R* accounts (net) 37;488 - 87 +1,772 37,500 Member bank reserves: 16,710 - 20 - 405 16,750 With Federal Reserve Banks + 232 3,270 Currency and coin (estim ated) 2,995 + 39 20,020 Total reserves held 19;705 + 19 - 173 + 78 - 93 19,188 Required reserves (estim ated) 19;235 80 832 Excess reserves (estim ated) 470 - 59 On A n ril 24, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,581 m illio n, an increase of Digitized $ fo U r F 1 R AmSERi llio H o r the week and a? increase of $1,938 m illion from the comparable http://fraser.stlouisfed.org/ date a year ago. Federal Reserve Bank of St. Louis

CONSOLIDATED STATEMENT OF CONDITION H.it-.1(a) OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) _____Change since Apr. 2bf Apr. 17, Apr. 25, __i96a_ 1063.. 1962__ A S S E T S Gold certificate account ll+,326 - 7b l + 119 Redemption fund for F. R. notes 1,27*1 622 Total gold certificate reserves 15,600 - Cash (^51) 366 + 20 - 12 Discounts and advances 859 +763 + 509 Acceptances--"bought outright k6 - 2 + 9 U. S. Government securities: Bought outright— Bills 2, lb& -118 - 72b Certificates 13,571 +8,599 Notes 10,52U -6,b09 Bonds k, 29b + 203 Total bought outright 30,537 +1,669 Held under repurchase agreement - __9b Total U. S. Government securities 307537 +1,575 Total loans and securities 31, ^2 +603 +2,093 Cash items in process of collection (1.165) 5,^92 -756 + 1*10 103 5 Bank premises 1+72 + 10 + b2 Other assets (1.616) 53) *+75 -123 +1,906 TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes (1*51) 29,567 -207 +1,1*83 Deposits: Member bank reserves 16,750 +1*23 - 2l*3 U. S. Treasurer--general account l, 065 +151 + 51I+ 185 - 5h - 35 Foreign 198 2 - 117 Other - 18,198 +518 +. 119 Total deposits Deferred availability cash items (1.165) 1*,1**2 -1*52 + 229 Other liabilities and accrued dividends 75 - l + 2 (1.616) 51,982 -l*+2 +1,833 TOTAL LIABILITIES c a p i t a l ac c o n T_ _S Capital paid in 1*79 Surplus 93** Other capital accounts 80 + 19 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,6l6) 53, W5 -123 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 .bio -.2‘jo - 2.1 Contingent liability on acceptances purchased 19 for foreign correspondents ^3 _ , n ,, ^ * 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 db, 1963 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity cf the agreements.; U. S. Government securities Changes Discounts and advances Acceptances Holdings during week Within 15 days 827 13 319 + bb l6 days to 90 days 32 33 1*, 1*57 -157 91 days to 1 year 12,1+33 - 1+5 Over 1 year to 5 years 1C, 980 2,183 Over 5 years to 10 years -«. 165 Over 10 years — Digitized for FRTAoStEaRl 559 55 30,537 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATS.™ OF com m on OF EACH FEDERAL RESERVE BMK 01. AH.IL 2*. 1963 San H.k.l(b) St. Minne­ Kansas Dallas Fran­ Phila- Cleve­ Atlanta Chicago Louis apolis City cisco ielphic land (in millions of dollars) a s s e t s 2,322 57k 282 570 506 1,95^ 3,S8l 731 1,052 860 765 227 52___ 28 51__ 39 136 G Re o d l e d m p c t er i t o i n f i f c u a n t d e f a o c r c F ou . n R t . notes l+7 3 2 0 8 3 k - 80 i m l 5 l — l,l T 6 I k P “ 1 9 0 6 8 8 8 7 3 3 8 ~2",5k$r 626 310 y5^ I+y5 "2,090 5k Total gold certificate reserves 35 31 31 5k 32 16 2 8 7 1 1 5 2 2 1 5 1 56 r. R. notes of other Banks 19 32 29 35 63 17 Other cash 2 7k 55 105 3 72 80 3k 219 k5 Discounts and advances Acceptances: Bought outright U« B S o B - u g i G h ll o t s v o er u n t m ri e g n h t t— securities: 2,lk8 1 7 1 k 9 7 1,1 1 2 78 0 l 9 k 1 k 3 1 7 1 3 5 2 2,2 3 6 58 8 5 k 8 k 2 7 k 7 2 2 k 8 2 5 6 2 5 k 9 8 5 2 2 1 5 k 8 6 3 9 k 7 1 1 , , 7 3 2 2 3 7 3 3 7 C R B e o o r n t t e d i s s ficates 1 10 3 k , , , 5 5 2 2 7 9 k 1 k 1,6 5 2 8 7 3 9 o 1 2,5 8 2 6 0 8 2,0 7 2 0 5 8 8 9 k l,6 5 2 k 6 3 8 7 2 1 5 , , 7 1 7 5 0 1 9 8 3 1,2 1 3 73 1 _ --- 0 TO 9 4 , 4 1 T 1 Q 8 C'. k Ci 1 1 2 7 6 8 8 X S 5 7 it 8 l 30,537 Total Held under repurchase agreement 6kk 1.309 1,268__3,878 2.05k l.6k7 5,103----ii^31 1.881 2,520 Total U. S• Government securities 2)13l» 1,681 5,322 1,276 6L6 1,383 1,323 3,983 i 1,68k 2,592 31,kk2 I 1,576 Total loans and securities Cash items in process of collection Eank premises Other assets TOTAL ASSETS Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(e) STATEMEI7T OF CONDITION OF EACH FEDERAL RESERVE BAIIK Oil APRIL 24, 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 30,018 1,781 7,189 1,811 2,608 2,423 1,695 5,433 1,258 571 1,195 886 3,168 Deposits: Member hank reserves 16,750 620 4,770 677 1,138 714 872 2,434 620 367 801 920 2,817 U.S. Treasurer-general account 1,065 71 169 57 62 84 66 139 75 55 71 82 134 Foreign 185 8 1/65 9 15 8 9 23 6 4 7 9 22 Other 198 1 135 1 1 2 1 2 * * 1 1 53 Total deposits 18,198 700 5,139 744 1,216 808 948 2,598 701 426 880 1,012 3,026 Deferred availability cash items 5,307 370 927 333 415 374 48o 844 226 156 263 235 684 Other liabilities and accrued dividends 75 ____3 _ 17 b. 5 5 4 ___ 13 3 2 3 .....3 13 TOTAL LIABILITIES 53,598 2,854 13,272 2,892 4,244 3,610 3,127 8,888 2,188 1,155 2,341 2,136 6,891 CAPITAL ACCOUNTS Capital paid in 479 23 129 27 44 23 27 67 16 11 20 28 64 Surplus 934 kk 251 54 87 44 51 132 32 22 40 53 124 Other capital accounts 80 k 22 4 6 5 5 12 3 1 3 4 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 55,091 2,925 13, 674 2,977 4,381 3,682 3,210 9,099 2,239 1,189 2,4o4 2,221 7,090 Contingent liability on accept­ ances purchased for foreign corre spondent s 83 b 2/22 5 8 4 4 12 3 2 3 5 11 FEDERAL RESERVE AGENTS' ACCOUITS F. R. notes outstanding 31, 464 1,84l 7,515 1,886 2,781 2,561 1,768 5,582 1,320 655 1,235 959 3,361 Collateral for F. R. notes: Gold certificate account 7,253 443 1, 600 465 580 620 400 l,4co 310 130 290 215 800 Eligible paper 117 -- -- 1 — — — 44 — 72 — -- U. S. Government securities 25,390 1,434 6,000 l, 500 2,250 2,006 1, 450 4,500 1,100 550 1,000 800 2, SCO Total collateral 32,760 1,877 7,600 1,966 2,830 2, 626 1,850 5,900 1,454 680 1,362 1,015 3,600 _____ ^___ns 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