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 May 9, 1963 h .4.1 The average of daily figures of total member bank reserves held during the week ended May 8 increased a net of $73 million to $19,727 million. Estimated currency and coin of member banks decreased $324 million and their reserve balances at the Federal Reserve Banks increased $397 million. Estimated^required reserves increased $75 million; and estimated excess reserves decreased $2 million to $J+05 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $295 million, compared with the revised figure of $313 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $1+67 million in U. S. Government securities bought outright and $75 million held under repurchase agreement. The principal offsetting change was an increase of $174 million in currency in circulation. Total Reserve Bank credit increased $581 million. As of Wednesday, May 8, holdings of U. S. Government securities bought outright were $182 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $194 million lower, and member bank^borrowings were $229 million higher. Outright holdings of bills, notes, and bonds increased $59 million, $38 million, and $85 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, May 8, May 1, May 9, May 8, and related items 1963 1963 1962 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 31,113 +467 +1,646 31,224 Held under repurchase agreement 237 + 75 + 70 158 44 - 2 + 10 44 Acceptances--bought outright Discounts and advances-- 110 + l6 + 64 352 Member bank borrowings Other 31 + 1 - 35 30 1,545 + 23 + 300 1,233 Float 33,081 +58I +2,056 337® Total Reserve Bank credit 15,864 - 13 - 626 15,828 Gold stock 5,580 - 1 l4 Treasury currency outstanding +565 T T ^15 54,438 Currency in circulation 34,755 +174 +1,488 34,905 Treasury cash holdings 435 - 5 + 16 423 Treasury deposits with F. R. Banks 969 + 6 + 467 984 Foreign deposits with F. R. Banks 172 + 5 - 52 183 Other deposits with F. R. Banks 191 - 5 - 181 194 Other F. R. accounts (net) 990 - 7 + 34 97 6 37,512 +16? +1,773 37705 Member bank reserves: With Federal Reserve Banks 17,012 +397 - 357 16,771 Currency and coin (estimated) 2,715 -324 + 232 2,893 Total reserves held 19,727 + 73 - 125 19,664 Required reserves (estimated) 19,322 + 75 - 71 19,232 405 - 2 - 54 432 Excess reserves (estimated) On May 8, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,565 million, an increase of $88 million for the week and an increase of $1,943 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since May 8, May 1, May 9, 1962 1963 1963 A S S E T S Gold certificate account l4, 276 - 50 - 7 66 Redemption fund for F. R. notes JL,268 - 1 + ill Total gold certificate reserves - 51 -“‘655 * Cash (352) 356 - l4 5 Discounts and advances 382 +229 + 269 Acceptances— "bought outright 44 - - + 11 U. S. Government securities: Bought outright-- Bills 2,712 + 59 - 569 Certificates 13, 571 -- +8, 589 Notes 10,562 + 38 -6,472 Bonds 4,379 + 85 + 287 Total bought outright 31722^ +182 +1,835 Held under repurchase agreement 1^8 -194 + 93 Total U. S. Government securities 31,382 - 12 +1,928 Total loans and securities 31,808 +217 +2, 208 Cash items in process of collection (955) 4,985 -856 + 176 Bank premises 103 - - 4 Other assets 327 + 44 + 61 TOTAL ASSETS (1.307) 93,323 765o +1,781 L I A B I L I T I E S Federal Reserve notes (352) 29,833 +223 +1,5^3 Deposits: Member bank reserves 16,771 -335 - 177 U. S. Treasurer--general account 984 + 24 + 596 Foreign 183 + 13 - 38 Other 194 + 11 - 143 Total deposits 18,132 -287 + 238 Deferred availability cash items (955) 3,752 -615 - 78 Other liabilities and accrued dividends ____79 -- + 3 TOTAL LIABILITIES (1.307) 51,796 -679 +1,706 C A P I T A L A C C O U N T S Capital paid in 479 + 25 Surplus 934 + 46 Other capital accounts 114 + 19 + 4 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,307) 537323 7£6o +l778l 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) 32.2 - 2.6/0 Contingent liability on acceptances purchased for foreign correspondents 83 15 * 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, MAY 8, 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 -108 Within 15 days 381 13 3,894" 16 days to 90 days 1 31 1,417 - 44 91 days to 1 year ** -- 12,623 + 20 Over 1 year to 5 years -- 11,035 + 55 Over 5 years to 10 years -- -- 2,248 + 65 Over 10 years - _ -- 165 -- Total 352 Vi 31, 382 - 12 Digitized for FRASER ** Less than $500, COC. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAM ON MAY 8, 1963 San Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (in mil;Lions of dollars, A S S E T S Gold certificate account l4,276 706 3,671 775 1,124 945 782 2,395 599 268 563 623 1,825 Redemption fund for F. R. notes 1,268 71 301 74 112 106 73 227 52 28 50 39 135 Total gold certificate reserves 15,5^4 777 3,972 849 1,236 1,051 855 2,622 651 296 613 662' 1,960 F. R. notes of other Banks 352 21 92 30 24 22 39 27 10 23 12 19 33 Other cash 356 25 59 18 31 30 34 6l 18 8 10 11 51 Discounts and advances 382 8 24 3 43 44 9 152 1 1 58 7 32 Acceptances: Bought outright 44 a- — 44 — — — _ _ — — — - - — — U. S. Government securities: Bought outright-- Bills 2,712 142 676 148 224 181 148 451 109 57 115 io4 357 Certificates 13,571 710 3,383 744 1,120 905 742 2,254 544 285 580 519 1,785 Notes 10,562 552 2,633 579 871 705 578 1,754 423 222 451 4o4 1,390 Bonds 4,379 229 1,091 24o 361 293 24o 727 175 92 187 168 576 Total 31,224 1,633 7,783 1,711 2,576 2,084 1,708 5,186 1,251 656 1,333 1,195 4,108 Held under repurchase agreement 158 _ 158 — -- -- -- -- -- -- -- -- -- Total U. S. Government securities 31.382 1.633 7.941 1.711 2,576 2.084 1,-ZC8 5.186 1.251 656 1,383- 1,195_ 4.ic8 Total loans and securities 31,808 l,64l 8,009 1,714 2,619 2,128 1,717 5,338 1,252 657 1,391 1,202 4,i4o Cash items in process of collection 5,94o 378 1,117 376 492 423 492 941 261 190 298 248 724 Bank premises 103 3 8 3 7 5 14 23 6 4 7 12 11 Other assets 527 27 134 29 45 33 ....29 84 20 11 _____2i______21_____ 69. TOTAL ASSETS 54,630 2,872 13,391 3,019 4,454 3,692 3,l8o 9,096 2,218 1,189 2,354 2,177 6,988 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 8, 1963 H.4.1(c) San Nev Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston 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 30,185 1,787 7,218 l,8l4 2,612 2,433 1,715 5,^53 1,263 573 1,205 892 3,220 Dep M U o . e s S m i . b t e s T r : r b e a a n s k u re r r es - e g r e v n e e s ral account 16,7 9 7 8 1 4 64 6 o 9 4,5 18 9 8 2 75 3 6 8 1,21 5 8 2 73 9 3 8 89 5 5 0 2,50 9 9 9 63 4 7 5 37 4 7 4 78 6 0 6 91 5 8 7 2,7 1 1 78 6 F O o t r T h e e o i r t g a n l deposits 18,1 1 1 3 8 9 2 3 4 718 8 1 4 1 , / 9 1 5 3 6 6 1 7 8 1 o 0 4 * 1,28 16 7 1 843 8 4 9 1 56 0 1 2,63 2 4 5 l 688 6 * 425 4 * 854 7 l 98 10 6 l 2,97 2 5 3 0 3 Deferred availability cash items 4,707 290 775 310 4io 337 420 778 212 154 227 210 584 Oth d e iv r i d l e i n a d b s ilities and accrued 79 4 20 4 6 5 4 l4 3 2 3 3 11 TOTAL LIABILITIES 53,103 2,799 12,980 2,932 4,315 3,618 3,095 8,879 2, 166 l, 15^ 2, 289 2,091 6,785 CAPITAL ACCOUNTS Capital paid in 479 23 129 27 44 23 27 67 16 11 20 28 64 Surplus 934 44 251 5^ 87 44 51 132 32 22 4o 53 124 Other capital accounts 1 1 k 6 6 8 7 7 18 4 2 *5 s 15- TO C TA A L P IT LI A A L B A I C L C I O T U I N ES T S AND 54,630 2,872 13, 391 3,019 4,454 3,692 3,180 9,096 2, 218 1,189 2,35^ 2,177 6,988 Contingent liability on accept­ a c n o c r e r s e sp p o u n r d c e h n a t s s e _ d _ _ f _ o _ r _ _ f _ o _ r _ e _ i _ g _ n _ _ 83 4 2/22 5 8 4 4 12 3 2 3 5 11 FEDERAL RESERVE AGENTS’ACCOUNTS F. R. notes outstanding 31,464 1,842 7, 515 1,881 2,778 2, 549 1,778 5, 597 1,317 658 1,238 951 3,360 Col G l o a l t d e r c a e l r t f if o i r c F a . t e R . a cc no o t u e n s t : 7,253 443 1,6co 465 58O 620 4co i,4co 310 130 290 215 8co 57 E U- l ig S i . bl G e o v p e a r p n e m r e nt securities 25, 47 58 0 1,434 6,100 1,500 l 2,250 1,986 l, 450 4,500 1,100 550 1, 000 8cc 2,800 Total collateral 32,781 1,877 7,700 1,966 2,830 2,6c6 1,850 5,900 i,4io 680 1,347 1,015 3,6co 1/ After deducting $127 million * Less than $500,CCO. Digitized f2or/ F RAAfStEeRr deducting $ 6l million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis