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 ' * fML RtS June 13, 1963 h .4.*i— * The average of daily figures of total member hank reserves held during the week ended June 12 decreased a net of $30 million to $19,409 million. Estimated currency and coin of member banks decreased $35 million and their reserve balances at the Federal Reserve Banks increased $5 million. Estimated required reserves decreased $83 million; and estimated excess reserves increased $53 million to $398 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $l48 million, compared with the revised figure of $127 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $322 million in U- S. Government securities bought outright, $64 million in Federal Reserve float, and $32 million in member bank borrowings. The principal offsetting changes were increases of $199 million in currency in circulation, $131 million in Treasury deposits with Federal Reserve Banks, and $49 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $393 million. As of Wednesday, June 12, holdings of U. S. Government securities bought outright were $l4 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $117 million higher, and member bank borrowings were $84 million higher. Averages of daily figures Wednesday; Member bank reserves, Week ended Change from week epcled_ Reserve Bank credit, June 12, June 5, June 13, June 12,1 and related items 1963 1963 1962 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 31,513 +322 + 1;,84l 31,555 Held under repurchase agreement 75 - 28 + 74 147 Acceptances--bought outright 53 + 1 + 11 42 Discounts and advances-- Member bank borrowings 248 + 32 + 2C1 255 Other 1 + 1 - 59 — Float 1,332 + 64 + 78 1,258 Total Reserve Bank credit 33,261 +393 +2.;T5S 33,257 Gold stock 15,797 - 1 - 638 15,798 Treasury currency outstanding 5,58i - 2 21 5,58.1 54,639 +390 + 15588 54,626 Currency in circulation 35,298 +199 + 1,,635 35,359 Treasury cash holdings 402 - 15 -- 4 P9 Treasury deposits with F. R. Banks 775 +131 + 271 635 Foreign deposits with F. R. Banks 218 + 49 + 7 2.19 Other deposits with F. R. Banks 205 + 22 - 135 243 Other F. R. accounts (net) 1,156 + 100 1,103 33,052 +385 +1,877 37,957 Member bank reserves: With Federal Reserve Banks 16,587 + 5 _ 389 16,669 Currency and coin (estimated) 2,822 - 35 + 160 3,204 Total reserves held 197509 - 30 - 229 19 Required reserves (estimated) 19,013 - 83 - 232 19,157 7.10 Excess reserves (estimated) 396 + 53 + 3 On June 12, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,985 million, an increase of $23 million for the week and an increase of $2,264 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 June 12, June 5, June 13, 1962 1963 1963... A S S E T S Gold certificate account 14,235 - 12 - 768 Redemption fund for F. R. notes 1,282 + 8 + 119 Total gold certificate reserves 15,517 - 4 - 649 * Cash (29*0 3^3 + l - 12 Discounts and advances 255 + 84 + 83 Acceptances— bought outright 42 - - + 12 U. S. Government securities: Bought outright— Bills 3, Oil + 14 + 20 Certificates l4, 443 -- +8,826 Notes 9,699 -- -7,483 Bonds k, 392 -- + 554 Total bought outright 31,5+5 + i4 +17917 Held under repurchase agreement 147 +117 + 147 Total U. S. Government securities 31,692 +131 +2,064 Total loans and securities 31,989 +215 +2,159 Cash items in process of collection (1,043) 5,423 +4o4 + 27 Bank premises 102 -- 5 Other assets 345 + k - 18 TOTAL ASSETS (1,337) 53,719 +620 +1,502 L I A B I L I T I E S •Federal Reserve notes (294) 30,239 +110 +1,676 Deposits: 16,669 -131 - 4o4 Member bank reserves 634 +135 + 176 U. S. Treasurer--general account 219 + 55 6 Foreign 243 + 54 - 85 Other Total deposits 17,765 +113 - 319 Deferred availability cash items (1,043) 4,165 +451 + 70 Other liabilities and accrued dividends 81 + 1 + 5 TOTAL LIABILITIES (1,337) 52,250 7675 +17432 c a p i t a l a c c o u n t s 480 + 24 Capital paid in 934 — + 46 Surplus Other capital accounts 55 - 55 -- TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,337) 53,719 +620 +1,502 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 • 1$ -.2$ - 2.3$ Contingent liability on acceptances purchased - 27 for foreign correspondents 83 * 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, JUNE 12, 19&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 253 14 743 +135 l6 days to 90 days 2 28 5,583 - 11 91 days to 1 year ** l4,928 + 7 Over 1 year to 5 years -- 8,241 — Over 5 years to 10 years -- __ 2, 032 — 165 -- Over 10 years -- _ - Total 255 42 31,692 +131 Digitized for FRASER http://fraser*.s*tlo uLisefesds.o rgt/h an $500,000. Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 12, 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 dollLars) A S S E T S Gold certificate account l4, 235 790 3,509 727 1,108 921 765 2,452 580 282 635 574 1,892 Redemption fund for F. R. notes 1,282 74 306 74 112 109 72 225 - 54 27 51 39 139 Total gold certificate reserves 15,517 — m r 3,815 801 1,220 1,030 837 2,677 634 309 686 613 2,031 F. R. notes of other Banks 29k is 78 23 15 18 26 27 9 20 11 13 36 Other cash 343 22 59 18 32 26 32 66 15 7 10 11 45 Discounts and advances 255 14 62 4 15 15 8 51 3 1 25 5 52 Acceptances: Bought outright 42 -- 42 — -- -- — — — -- -- -- U. S. Government securities: Bought outright-- Bills 3,011 153 755 166 248 200 163 503 120 63 126 122 392 Certificates l4,443 736 3,618 794 1,192 960 783 2,4i4 574 302 6o4 588 1,878 Notes 9,699 494 2,430 533 801 645 525 l, 621 386 202 4o6 395 1,26l Bonds 4,392 224 1,100 241 363 292 238 734 . 175_ ____32__ lS4 . ,1I3____m _ Total 31,545 1,607 7,903 1,734 2,6o4 2,097 1,709 5,272 1,255 • 659 1,320 l, 283 4,102 Held under repurchase agreement 147 147 « - * - _ - - - - - - - — Total U. S. Government securities 31.692 1*607 8.050 1.734 2.6o4 2.097 1*209- 5, 212 1,255_ 659 ..._1*320_— 1.^263— 4.102 . Total loans and securities 31,989 1,621 8,154 1,738 2,619 2,112 1,717 5,323 1,258 660 1,345 1,288 4,154 Cash items in process of collection 6,466 450 1,214 4o6 543 467 503 1,048 290 210 329 272 734 Bank premises 102 3 8 3 7 5 l4 23 6 4 7 12 10 Other assets 34s 18 88 10 PQ pi ?o 53 . 13- 8 15 ..15--____4£_ TOTAL ASSETS 55,056 2,996 13,4l6 3,008 4,465 3,679 3,149 9,217 2,225 1,218 2,403 2, 224 7,056 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK OR JURE 12, 1-963 H.4.1(c) 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 dollLars) l i a b i l i t i e s Federal Reserve notes 30,533 1,819 7,294 1,827 2,636 2,451 1,7^3 5,491 1,268 572 1,216 910 3,306 Deposits: Member bank reserves 16.669 681 4,502 721 1,172 723 844 2,538 620 387 797 93 \ 2 „ 2,752 U.S. Treasurer-general account 634 45 66 39 56 48 48 57 39 47 57 k l 65 Foreign 219 10 1/71 12 19 9 11 29 7 5 8 11 27 Other 243 1 181 1 * 4 1 4 * 1 2 1 47 Total deposits 17,765 737 4,820 773 1,247 784 904 2,628 666 446 864 991 2,911 Deferred availability cash items 5,208 366 885 321 44l 369 4l6 878 238 170 256 235 633 Other liab ilities and accrued dividends 81 4 22 4 7 5 4 13 3 2 3 4 1C 2,926 13,021 2,925 n m n 9 17i; 1 ifik 6.86c TOTAL LIABILITIES 53,587 CAPITAL ACCOUNTS Capital paid in 480 23 129 2 T 44 23 27 67 16 11 21 28 6k S O u t r h p e l r u s capital accounts 93 5 5 k 44 3 25 15 1 9k 2 87 3 44 3 5 4 1 132 8 32 2 22 1 40 3 53 3 12k 6 TOTAL LIABILITIES AND 13,416 3,oc8 4,465 3,679 3,1^9 9,217 2,225 1,218 2,403 2,224 7,056 55,056 2,996 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign | 11 correspondents i 83 4 2/22 5 8 4 4 12 3 2 3 5 FEDERAL RESERVE AGENTS’ ACCOUNTS ,, .... y __-r\ ■-— 5 >iLAP ’ F. R. notes outstanding 31,829 1,870 7,583 1,90*6” 2,802 2,565 1,809 5,630 1,331 658 1,249 9d4 Col G l o a l t d e r c a e l rt f if o i r c F a . t e R. a cc no o t u e n s t : 7,258 453 1,600 465 580 620 4co 1,400 310 130 285 215 800 Eligible paper 25,50 3 0 2 1,464 6,icc 1,500 4 2,250 1,986 iA50 ^,500 1,100 3 550 1,CC 25 0 800 2,800 U. S. Government securities Total collateral 32,790 1,917 7,700 1,969 2,830 2,6c6 1,850 5,900 1,413 680 1,310 1,015 3,600 l/ After deducting $iL8 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