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 May 23, 1963 The average of daily figures of total member bank reserves held during the week ended May 22 increased a net of $20 million to $19,679 million. Estimated currency and coin of member banks decreased $17 million and their reserve balances at the Federal Reserve Banks increased $37 million. Estimated required reserves increased $37 million; and estimated excess reserves decreased $17 million to $442 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $l6l million, compared with the revised figure of $260 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $428 million in Federal Reserve float and $82 million in member bank borrowings, and decreases of $116 million in Treasury deposits with Federal Reserve Banks and $37 million in currency in circulation. The principal offsetting changes were decreases of $297 million in U. S. Government securities bought outright and $122 million held under repurchase agreement, and increases of $178 million in "other" F. R. accounts (net) and $34 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $86 million. As of Wednesday, May 22, holdings of U. S. Government securities bought outright were $349 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $105 million lower, and member bank borrowings were $157 million higher. Outright holdings of bills and notes decreased $334 million and $15 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday; Reserve Bank credit, May 22, May 15, May 23, May 22, and related items 1963 1963 1962 1963 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright— System account 30,914 -297 +1,573 30,835 Held under repurchase agreement -- -122 - - — Acceptances— bought outright 46 + 1 + 13 44 Discounts and advances— Member bank borrowings 281 + 82 + 234 769 Other 23 - 7 42 Float 1,899 +428 + 232 1,420 Total Reserve Bank credit 33,183 T~m +2,010 337068 Gold stock 15,828 - 606 15,828 - - Treasury currency outstanding 5,574 + 4 - 19 5,574 54,565 + 90 +1,385 54,476 Currency in circulation 34,896 - 37 +1,569 34,890 Treasury cash holdings 422 + 6 + 3 433 Treasury deposits with F. R. Banks 931 -116 + 332 830 Foreign deposits with F.R. Banks 190 + 34 - 47 156 Other deposits with F. R. Banks 177 - 12 - 150 176 Other F. R. accounts (net) 1,162 +178 + 30 1,150 37,778 + 53 +1,737 377635 Member bank reserves: With Federal Reserve Banks 16,787 + 37 - 351 16,836 Currency and coin (estimated) 2,892 - 17 + 199 3,201 Total reserves held 19,879 + 20 - 152 20,037 Required reserves (estimated) 19,237 + 37 - 62 19,249 Excess reserves (estimated) 442 - 17 - 90 788 On May 22, 1963, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,803 million, an increase of $171 million for the week and an increase of $2,099 million from the comparable Digitdizaedt feo r FaR AySeEaRr ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.b.1(a) CONSOLIDATED STATEMENT OF CONDITION (in millions of dollars) Chanee. since May 22, May 15, May 23, 1963 . ___ 1962 A S S E T S ll+, 262 2 - 7l+5 Gold certificate account 1,268 2 4- 110 Redemption fund for F. R. notes Total gold certificate reserves 15,530 Ij- - 635 * Cash (358) 358 + 6 6 Discounts and advances 769 + 127 + 631 Acceptances--bought outright -- + 12 U. S. Government securities: Bought outright-- Bills 2, 338 - 33^ - 597 Certificates ll+, 438 -- +8,932 Notes 9,68 0 - 15 -7,321 Bonds b, 379 -- + 610 Total bought outright 30,835 - 31+9 +1,62b Held lender repurchase agreement -- - 105 -- Total U. S. Government securities 30,835 1 1+51+ +1,625 Total loans and securities 31,61+8 - 327 +2, 267 Cash items in process of collection (1,188) 5,386 - 971+ + 1+97 Bank premises 102 1 5 Other assets 3lb + 36 + 59 TOTAL ASSETS (1,5b6) 53,338 -1, 261+ +2,177 L I A B I L I T I E S 61 Federal Reserve notes (358) 29,808 +1,595 Deposits: Member bank reserves 16,836 + 6 + 196 U. S. Treasurer--general account 8 30 - 220 + 211 Foreign 156 11 - 112 Other 176 - 17 - 112 Total deposits 17,998 - 2l+2 + 183 Deferred availability cash items (1,188) 3,966 - 973 + 322 Other liabilities and accrued dividends 73 7 + 2 TOTAL LIABILITIES (1,5^6) 51,81+5 -l,283 +2,102 C A P I T A L A C C O U N T S Capital paid in 1+79 + 2 \ l s + ' Surplus • 93^ - - + bb Other capital accounts 80 + 19 + 5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,5^6) 53.33? -1,264 +2,177 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% + *1$ - 2.6% Contingent liability on acceptances purchased for foreign correspondents ^3 " 30 * 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 22, I9&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 Changes Discounts and advances Acceptances Holdings during week Within 15 days 766 10 1+71 + 8b 16 days to 90 days 3 3^ 5,211 +3,612 91 days to 1 year -- ll+, 735 -i+,135 Over 1 year to 5 years -- 8,233 - 15 Over 5 years to 10 years 2,020 Over 10 years -- 165 Digitized for FRTAoStEaRl W9 30,835 http://fras*er*.s tlLoueissfesd .otrgh/a n $500,000. Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OP EACH FEDERAL RESERVE BANK ON MAY 22, 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) A S S E T S Gold certificate account 14,262 708 3,812 772 1,087 865 750 2,440 519 262 493 629 1,925 Redemption, fund for P. R. notes 1,268 72 308 73 111 102 72 225 54 28 50 39 134 Total gold certificate reserves 15,530 780 4,120 " 845 1,198 967“ 822 2,665 573 290 543 668 2,059 F. R. notes of other Banks 358 l6 91 29 20 24 37 29 l4 23 13 20 42 Other cash 358 23 58 18 32 30 33 6l 17 8 11 11 56 Discounts and advances 769 3 303 1 43 91 76 45 46 2 87 17 55 Acceptances: Bought outright 44 -- 44 -- -- -- -- - - -- - - “ — “ — U. S. Government securities: Bought outright-- Bills 2,338 122 583 128 193 156 128 389 93 49 ICO 90 307 Certificates 14,438 755 3,599 791 1,191 963 790 2,398 579 303 617 552 1,900 Notes 9,680 506 2,413 531 799 646 529 1,608 388 203 413 370 1,274 Bonds 4,379 229 1,091 24o 361 293 240 727 175 _____ 187 168 576 Total 30,835 1,612 7,686 1,690 2,544 2,058 1,687 5,122 1,235 647 1,317 1,180 4,057 Held under repurchase agreement — _ — — - - -- -- -- -- -- -- -- Total U. S. Government securities 30,835 1,612 7,686 1,690 2,544 2,058 1,687 5,122 1,235 647 1,317 1,180 4,057 Total loans and securities 31,648 1,615 8,033 1,691 2,587 2,149 1,763 5,167 1,281 649 l,4o4 1,197 4,112 Cash items in process of collection 6,574 451 1,230 412 559 468 515 1,087 291 201 335 285 74o Bank premises 102 3 8 3 7 5 14 23 6 4 7 12 10 Other assets 314 16 80 18 28 17 18 49 12 7 13 15 4l TOTAL ASSETS 54,884 2,904 13,620 3,016 4,431 3,660 3,202 9,081 2,194 1,182 2,326 2,208 7,060 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 MAY 22, 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 30,166 1,787 7,231 1,813 2, 613 2,422 1,709 5,456 1,258 571 1,201 893 3,212 Deposits: Member hank reserves 16,836 612 4,715 748 1,186 703 899 2, 454 6l4 370 765 929 2,84l U. S. Treasurer-general account 830 71 178 43 33 75 62 79 34 42 42 50 121 Foreign 156 7 1/46 9 l4 7 8 21 5 4 6 9 20 Other 176 * 118 1 1 3 1 2 * * 1 1 48 Total deposits 17,998 690 5,057 801 l, 234 788 970 2,556 653 4l6 8l4 989 3,030 Deferred availability cash items 5,154 352 913 313 44i 374 436 845 229 159 244 238 610 Other liabilities and accrued dividends 73 4 18 4 6 4 4 . 13 _____ 1_ 2 ______i______ 3_ 9 TOTAL LIABILITIES 53,391 2, 833 13,219 2,931 4,294 3,588 3,119 8,870 2,143 l, 148 2,262 2,123 6,861 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 80 4 21 4 6 5 5 12 3 1 4 4 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 54,884 2,904 13,620 3,016 .4,431 R, 660 3.202 ..9 ^ 1 2.194 1.182 2.326 2.206 7, C60 Contingent liability on accept­ ances purchased for foreign correspondents ____§3_ 4 ._£/2L. 5 8 4 4 12 3 2 _____ 3_______1_ 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,527 l, 84o 7,537 1,889 2, 774 2,546 1,775 5,6c4 1,330 658 1, 244 956 3,374 Collateral for F. R. notes: Gold certificate account 7,248 443 1,6co 465 580 620 4co 1,4cc 310 130 285 215 8CC U E . l ig S. i bl G e o v p er a n p m e e r nt securities 25,4 1 7 3 0 4 1,43 - 4 - 6,ic - o - 1,500 l 2,25 _ 0 _ 1,98 — 6 1,45 — 0 4,50 - 0 - __ 1,10 4 0 6 55 - 0 - 1.0 8 0 7 0 8c — c - - or a c c Total collateral 32,852 1,877 7,700 1,966 2,830 2, 606 1,850 5,900 1,456 680 l, 372 1,015 3,6co * 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