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 31, 1963 H.4.1 The average of daily figures of total member bank reserves held during the week ended May 29 decreased a net of $112 million to $19,570 million. Estimated currency and coin of member banks increased $110 million and their reserve balances at the Federal Reserve Banks decreased $222 million. Estimated required reserves decreased $90 million; and estimated excess reserves decreased $22 million to £1*31 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $165 million, compared with the revised figure of $172 million the week before. The principal change reducing average reserve balances with Federal Reserve Banks was a decrease of $453 million in Federal Reserve float. The principal offsetting change was a decrease of $258 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased .5496 million. As of Wednesday, Hay 29, holdings of U. S. Government securities bought outright were $254 million higher than a week earlier and member bank borrowings were $620 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, May 29, May 22, May 30, May 29, and related items 1963 1963 1962 1963 (In millions of dollars ) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 30,910 - 4 +1,350 31,089 Held under repurchase agreement Acceptances--bought outright 45 - 1 + 12 42 Discounts and advances-- Member bank borrowings 266 - 15 + 180 149 Other - ~ - 23 - 65 1,101 Float 1,446 -453 + 255 Total Reserve Bank credit 32766? •7496 +1,732 32,381 Gold stock 15,819 - 9 - 615 15,798 Treasury currency outstanding 5,578 + 4 16 5,583 54,665 -500 +1,102 53,762 Currency in circulation 34,911 + 15 +1,580 35,077 Treasury cash holdings 419 - 3 + 1 4l8 Treasury deposits with F. R. Banks 673 -258 + 149 609 168 - 22 - 4o 156 Foreign deposits with F. R. Banks Other deposits with F. R. Banks 174 - 3 - 170 185 Other F. R. accounts (net) 1,155 - 7 + 25 1,151 37,499 -279 +1,543 37,596 Member bank reserves: With Federal Reserve Banks 16,565 -222 - 442 16,166 Currency and coin (estimated) 3,005 +110 + 203 3,356 Total reserves held 19,570 -112 - 239 19,522 Required reserves (estimated) 19,139 - 90 - 63 19,122 Excess reserves (estimated) 431 - 22 - 176 400 On May 29, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,880 million, an increase of $77 million for the week and an increa.se of $2,l46 million from the comparable Digitized for FRASER date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATS ENT CP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) _____ Change since May 29, May 22, May 30, 1962 1963 -...-,19i3___ A S S E T S Gold certificate account 14,256 - 6 - 749 Redemption fund for F. R. notes 1,268 — + 115 Total gold certificate reserves 15,52*+ - 6 - 634 * Cash (33*0 353 - 5 4 Discounts and advances 149 -620 - 24 Acceptances--bought outright 42 - 2 + 11 U. S. Government securities: Bought outright-- Bills 2,592 + 25^ - 522 Certificates 14,438 — +8,875 Notes 9,680 — -7,421 Bonds 4,379 — + 587 Total bought outright 31,089 +254 +1,519 Held under repurchase agreement -- -- Total U. S. Government securities 31,089 + 25^ +1,519 Total loans and securities 31,280 -368 +1,506 Cash items in process of collection (1,161) 4,894 -492 + 607 Bank premises 102 — 4 Other assets 335 + 21 + 62 TOTAL ASSETS (1,495) 52,488" -850 +1,533 L I A B I L I T I E S Federal Reserve notes (334) 29,991 +183 +1,612 Deposits: Member bank reserves 16,166 -670 - 421 U. S. Treasurer--general account 609 -221 + 4l Foreign 156 — - 58 Other (**) 185 + 9 - 241 Total deposits (**) 17,116 -882 - 679 Deferred availability cash items (1,161) 3,793 -173 + 521 Other liabilities and accrued dividends 79 + 6 + 5 TOTAL LIABILITIES (1,495) 50,979 +1,459 C A P I T A L A C C O U N T S Capital paid in 480 + 1 + 25 Surplus 934 — + 46 Other capital accounts 95 + 15 + 3 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,495) 52,488 -850 +1,533 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shown on the following pages--not consolidated) 32.7$ + .51o - 1.9* Contingent liability on acceptances purchased for foreign correspondents 83 -- - 29 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following p a g e s._______ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 29, 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 9 NKH- ' - 23 +208 l6 days to 90 days 3 33 5,419 91 days to 1 year 14,804 + 69 Over 1 year to 5 years -- - - 8,233 — Over 5 years to 10 years -- 2,020 -- -- Over 10 years -- — 165 Total 1A9 52 31,089 +255 Digitized for FRASER ** Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON MAY 29, 1963 H.1(b) San — _---------------------------- r Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (In millions3 of dollLars) A S S E T S Gold certificate account lk, 25 6 751 3,910 709 1,051 87k 7k6 2,k26 586 277 6l6 6k9 1,66l Redemption fund for F. R* notes 1,268 72 308 72 111 102 72 226 5k 27 50 39 135 Total gold certificate reserves 15,52k 823 k,2l8 781 1,162 976 818 2,652 6k0 30k 666 688 1,796 F. R. notes of other Banks 33k 23 79 27 20 21 35 28 12 2k lk 17 3k Other cash 353 23 56 17 32 28 35 6k 16 8 11 13 50 Discounts and advances lk9 13 31 6 11 29 6 26 1 k 15 k 3 Acceptances: k2 — k2 — — — — — — — — — “* *“ Bought outright '' U. S. Government securities: Bou Bi g l h l t s outright— 2,592 136 6k6 lk2 21k 173 lkl k3l 103 55 111 1 5 0 52 0 1,9 3 0 k 0 o Certificates lk 9 , ,6 k 8 38 0 7 50 55 6 3 2 , ,k 5 l 9 3 9 7 5 9 3 1 1 1,1 7 9 9 1 9 6 9 k 63 6 7 5 9 2 0 9 2 1 , ,6 3 0 9 8 8 5 38 7 8 9 3 2 0 0 3 3 6 kl 1 3 7 370 1,27k B N o o n t T d e o s s tal 3 k 1 , ,0 3 8 7 9 9 1,6 2 2 2 6 9 1 7 , , 0 7^ 9 9 1 " 1, 2 70 ko k 2,5 3 6 6 5 1 2, 2 0 9 7 3 5 1,7 2 0 k 0 o 5, 7 l6 2 k 7 I,2 17 k 5 5 65 9 3 2 1, 1 32 8 8 7 - 1 1 6 9 8 ® k,0 5 9 7 0 6 Held under repurchase agreement Total U. S. Government securities 31,089 1,626 7,7k9 1,70k 2,565 2,075 1,700 5,16k l,2k5 653 1,328 1,190 k,090 31,280 7,822 1,710 2,576 2,10k 1,706 5,190 l,2k6 657 l,3k3 1,19k k,093 Total loans and securities 1,639 C B O a a t s n h c k h o e l r p i l r t e a e e c s m m s t s i e i s t o e s n i s n process of 6,0 1 3 5 3 0 5 5 2 k5 1 2 7 3 l,lk 8 8 7 7 kl 1 3 9 3 k9 29 7 2 kl 2 7 0 5 k5 I 1 8 k 9 1,00 2 5 k 3 1 25 1 8 6 2 177 k 8 30 l 1 k 7 26 1 16 2 7 66 k 1 3 9 0 TOTAL ASSETS 53,983 2,980 I3,kl7 2,970 k,3l8 3,571 3,085 9,012 2,190 1,182 2,356 2,207 6,695 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 29, 1963 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston Atlanta Chicago 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 30,325 1,801 7, 278 1,820 2,6l6 2,437 1,715 5,469 1,261 571 1,206 895 3,256 Deposits: Member bank reserves 16,166 629 4, 596 688 1,098 665 842 2,430 6C8 384 787 930 2,509 U. S. Treasurer-general account 609 53 6l 32 35 4o 56 33 57 38 56 6l 87 Foreign 156 7 1/52 8 13 7 8 20 5 3 6 8 19 Other 185 1 "127 1 2 3 1 2 * * l 1 46. Total deposits 17,116 690 4,836 729 1,148 715 907 2,485 670 425 850 1, 000 2,661 Deferred availability cash items 4,954 W 3 878 332 409 341 375 831 205 149 232 223 566 Other liabilities and accrued dividends 79 4 19 4 7 5 4 .13 _JL 2 ____3_ 4 11 TOTAL LIABILITIES 52, 474 2,908 13, Oil 2,885 4,180 3,498 3,001 8,798 2,139 l, 147 2, 291 2,122 6,494 CAPITAL ACCOUNTS Capital paid in Wo 23 129 27 44 23 27 67 16 ll 21 28 64 Surplus 934 44 251 54 87 44 51 132 32 22 4o 53 124 Other capital accounts 95 5 26 4 7 6 6 15 ______3_ 2 4 4 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 53,983 2,980 13,417 2,970 4,318 3, 571 3,085 9,012 2,190 1,182 2,356 2,207 6,695 Contingent liability on accept­ ances purchased for foreign correspondents 83 4 2/22 5 8 k 4 12 3 2 3 5 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31, 583 1,848 7,526 1,892 2,777 2, 561 1,789 5,606 1,324 656 1,244 963 3,397 Collateral for F. R. notes: Gold certificate account 7,248 443 1,600 465 580 620 400 1,4co 310 130 285 215 8c c Eligible paper 22 -- -- 6 -- -- — -- l 15 -- -- U. S. Government securities 25, 470 1,434 6,ico l, 500 2j 250 1,986 1,450 4,500 1,10c ___550__JL,ocp .. 8co CM X) O O Total collateral 32,740 1,877 7,700 1,971 2,830 2,6c6 1,850 5,900 l, 4n 680 l, 300 1,015 3,6co 2J After deducting $ic4 million participations of other Federal Reserve Banks. Digitize 2 d . f fo r A F f R t AS e E r R deducting $ 6l million participations of other Federal Reserve Banks. * Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis