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 June 6, 1963 The average of daily figures of total member bank reserves held during the week ended June 5 decreased a net of $118 million to $19,483 million. Estimated currency and coin of member banks decreased $135 million and their reserve balances at the Federal Reserve Banks increased $17 million. Estimated required reserves decreased $18 million; and estimated excess reserves decreased $1C0 million to $378 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $162 million, compared with the revised figure of $212 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $28l million in U. 3. Government securities bought outright and $102 million held under repurchase agreement, and a decrease of $30 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $128 million in Federal Reserve float, $50 million in member bank borrowings, and $21 million in gold stock, and an increase of $188 million in currency in circulation. Total Reserve Bank credit increased $201 million. As of Wednesday, June 5, holdings of U. S. Government securities bought outright were $442 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $30 million higher, ,and member bank borrowings were $22 million higher. Outright holdings of bills, certificates, notes, and bonds increased $405 million, $5 million, $19 million, and $13 million, respectively.. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 5, May 29, June 6, June 5, and related items . 1963.. 1963 . 1962 JL963 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 31,191 +281 +1,354 31,531 Held under repurchase agreement 102 +102 + 102 30 Acceptances--bought outright 42 - 3 + 10 42 Discounts and advances-- Member bank borrowings 2l6 - 50 + l6l 171 Other -- 62 Float 1,318 -123 + 107 1,305 Total Reserve Bank credit 32,868 +201 +1,670 33,079 Gold stock 15,798 - 21 - 636 15,798 Treasury currency outstanding 5,583 + 5 i4 5,585 '54,249 +184 +1,020 54,462 Currency in circulation 35,099 +188 +1,565 35,235 Treasury cash holdings 417 - 2 + 4 415 Treasury deposits with F. R. Banks 643 - 30 + 169 499 Foreign deposits with F. R. Banks 169 + 1 4o l64 Other deposits with F. R. Banks 183 + 9 - 184 189 Other F. R. accounts (net) 1,156 + 1 + 79 1,161 37,667 T m +1,593 377663 Member bank reserves: With Federal Reserve Banks 16,582 +17 - 573 l6,8co Currency and coin (estimated) 2,901 -135 + 255 2,994 Total reserves held I 97453 -118 - 318 19,794 Required reserves (estimated) 19,105 -18 - 184 19,148 Excess reserves (estimated) 378 -100 - 134 J 6k6 On June 5, 1963, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,962 million, an increase of $82 million for the week and an increase of $2,231 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CONSOLIDATED STATEMENT OF CONDITION H.4.1(a) OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since June 6, 1963 1963 1962 A S S E T S Gold certificate account 14,247 - 9 ~ 771 1,274 + 6 + 119 Redemption fund for F. R. notes Total gold certificate reserves 15,521 - 3 - 652 Cash (309) 342 -11 + 8 Discounts and advances 171 + 22 + 65 42 - - + 11 Acceptances--bought outright U. S. Government securities: Bought outright-- 2,997 +405 - 315 Bills 14,443 + 5 +8,826 Certificates +19 -7,483 9,699 Notes 4,392 +13 + 554 Bonds Total bought outright 31,531 +442 +1,582 Held under repurchase agreement 30 + 30 + 30 Total U. S. Government securities 31,561 +472 +1,612 -f +1,688 31,774 Total loans and securities Cash items in process of collection (1,042) 5,019 + 125 + 316 102 -- k Bank premises 341 + 6 Other assets +611 +1,352 TOTAL ASSETS (1,351) 53,099 L I A B I L I T I E S Federal Reserve notes (309) 30,129 +138 +1,629 Deposits: 16,800 +634 - 398 Member bank reserves U. S. Treasurer--general account 499 -no + 49 l64 + 8 - 38 Foreign (*-::-) 189 + 4 - 155 Other Total deposits (**) 17,652 +536 - 542 + 186 Deferred availability cash items (1,042) 3,714 - 79 80 + 1 + ^4- Other liabilities and accrued dividends +596 +1,277 TOTAL LIABILITIES (1,351) 51,575 C A P I T A L _A__C_C O U N T S 480 M — + 25 Capital paid in — + 46 934 Surplus 110 + 15 + hr Other capital accounts (1,351) 53,099 + 6ll +1,352 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. -.4$ - 2.1$ Contingent liability on acceptances purchased - 29 for foreign correspondents _ 83- * Figures in parentheses are the eliminations made in the consolidating process, see comparable figures on combined basis on the following pg,ges. ------------- MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 5, 19&3 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements. J U. S. Government securities Changes Discounts and advances Acceptances Holdings during week Within 15 days 170 12 608 + 1(30 16 days to 90 days 1 30 5,594 +175 ** l4,921 +117 91 days to 1 year 8,241 + 8 Over 1 year to 5 years 2,032 + 12 Over 5 years to 10 year M. — 165 Over 10 years +472 Total _________ 171 42 31,561 Digitized for FRASER http://fraser.stlouLisefesds.o rgt/h an $500,000, Federal Reserve Bank of St. Louis

H.4.l(t>) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 5, 19^3 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) A S S E T S Gold certificate account lk,2k7 781 3,7k5 717 1,07k 916 812 2,kl6 5k8 267 622 569 1,780 Redemption fund for F. R. notes 1,27k 72 307 7k 113 100 72 225 53 28 50 ko lko Total gold certificate reserves 15,521 853 k,052 791 1,187 1,016 88k 2,6kl 601 295 672 609 1,920 F. R. notes of other Banks 309 20 77 26 21 17 28 26 10 2k 12 lk 3k Other cash 3k2 21 59 17 31 27 3^ 63 15 7 10 11 k7 Discounts and advances 171 10 5 2 5 9 17 71 1 1 25 2k 1 Acceptances: Bought outright kz — k2 — — — — — — -- -- -- — U• S. Government securities: Bought outright-- Bills 2,997 153 751 165 2k7 199 162 501 119 63 125 122 390 Certificates lb,bb3 73 6 3,618 79k 1,192 960 783 2,klk 57k 302 60k 588 1,878 Notes 9,699 k9k 2,k30 533 801 6k5 525 1,621 386 202 ko6 395 1,261 Bonds k,392 22k 1,100 2kl 363 292 238 73k 175 92 18k 178 571 Total 31,531 1/607 7,899 1,733 2,603 2,096 1/708 5,270 1,25k £59“ 1,319 “ 17283" k,ioo Held under repurchase agreement 30 — 30 — — -- -- — -- „ -- -- -- Total U. S. Government securities 31,561 1,607 7,929 1,733 2,603 2,096 1,708 5,270 1,25k 659 1,319 1,283 k,ico Total loans and securities 31,77^ 1,617 7,976 1,735 2,608 2,105 1,725 5,3kl 1,255 660 l,3kk 1,307 k,ioi Cash items in process of collection 6,061 k52 1,172 klO k77 k26 k38 1,C01 256 191 310 2k3 685 Bank premises 102 3 8 3 7 5 ik 23 6 k 7 12 10 Other assets 3kl 17 86 19 29 20 19 5k 13 8 15 16 k5 TOTAL ASSETS 5k,k50 2,983 13,^30 3,001 k,36o 3,616 3,lk2 9,ik9 2,156 1,189 2,370 2,212 6,8k2 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 Gif JUNE 5, 19^3 --------- ---- ~ ~—-----— — 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 30,438 1,812 7,286 1,823 2,622 2,444 1,736 5,479 1,265 572 1,213 904 3,282 Federal Reserve notes Deposits: 16,800 659 4,670 712 1,163 712 9C0 2,577 600 389 815 949 2,654 Member bank reserves 499 44 25 25 33 45 43 29 37 43 52 73 U.S. Treasurer-general account 164 7 l/ P 5 ° 3 9 l4 7 8 22 5 4 6 9 20 Foreign 189 1 123 2 l 4 1 6 1 # 1 1 48 Other Total deposits 17,652 711 4,896 748 1/203 756" 954 2,648 635 430 865 1,011 2,795 Deferred availability cash items 4,756 384 818 34o 390 336 363 792 201 150 223 2C8 551 Other liabilities and accrued 80 4 20 4 6 6 5 13 3 2 3 3 11 dividends TOTAL LIABILITIES 52/926 2,911 13,020 2,915 ~ 4/221' 3,542 3,058 8,932 2,ic4 1,154 2,304 2,126 6,639 CAPITAL ACCOUNTS 480 23 129 27 44 23 27 67 16 n 21 28 64 Capital paid in 934 44 251 54 87 44 51 132 32 22 4o 53 124 S O u t r h p e l r u s capital accounts no 5 30 5 8 7 6 18 4 2 5 5 15 TOTAL LIABILITIES AND 54,450 2,983 13,430 3,coi 4,360 3,616 3,142 9,149 2,156 1,189 2,370 2,212 6,842 CAPITAL ACCOUNTS Contingent liability on accept­ ances purchased for foreign 83 4 2/22 5 8 4 4 12 3 2 3 5 11 correspondents FEDERAL RESERVE AGENTS’ ACCOUNTS F. R. notes outstanding 31,674 1,864 7,54l 1,898 2,787 2,558 1,793 5,623 1,331 ‘ 654" 1,246 959 3,420 Collateral for F. R. notes: Gold certificate account 7,248 443 1,6cc 465 580 620 4cc l,4cc 310 130 285 215 8CC E U. l ig S. i bl G e o v p e a r p n e m r ent securities 25,47 2 0 8 1,43 _ 4 6,10 -- 0 1,500 2 2,25 -- 0 1,98 -- 6 1,45 -- 0 4,50 -- 0 1,100 1 5 - 5 - 0 1,00 25 0 8C - C — 2,8CC Total collateral 32,746 1,877 7,7cc 1,967 2,830 2,606 1,850 5,900 i,4n 680 1,310 1,015 3,6cc l/ After deductingIjjill 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