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 June 20, 1963 The average of daily figures of total member bank reserves held during the week ended June 19 increased $336 million to $19,76*1- million. Estimated currency and coin of member banks increased $110 million and their reserve balances at the Federal Reserve Banks increased $226 million. Estimated required reserves increased $252 million; and estimated excess reserves increased $84 million to $502 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $218 million, compared with the revised figure of $170 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $471 million in Federal Reserve float and $36 mil­ lion in member bank borrowings, and a decrease of $45 million in "other" F. R. accounts (net). The principal offsetting changes were a decrease of $269 million in U. S. Government securities bought outright and increases of $33 million in currency in circulation and $32 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $237 million. As of Wednesday, June 19, holdings of U. S. Government securities bought outright were $205 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $99 million higher, and member bank borrowings were $499 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 19, June 12, June 20, June 19, and related items 1963 1963 1962 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright— System account 31,244 -269 +1J 888 31,3^0 Held under repurchase agreement 73 - 1 - 4 246 Acceptances-- Bought outright ^3 -- + 11 4o Held under repurchase agreement 1 + 1 + 1 5 Discounts and advances-- Member bank borrowings 284 + 36 160 75**- Other - - - 1 - 56 -- Float 1,853 +471 -f 74 1,684 Total Reserve Bank credit 33, ^98 +237 +2,,075 3^069 Gold stock 15,796 + 1 - 636 15,798 Treasury currency outstanding 5,582 + 1 - 22 5,582 54,877 +238' +1; 557W Currency in circulation 35,331 + 33 +1.,677 35,339 Treasury cash holdings 4o4 + 2 + 4 4io Treasury deposits with F. R. Banks 781 + 7 + 272 873 Foreign deposits with F. R. Banks 202 - 16 - 72 167 Other deposits with F. R. Banks 237 + 32 - ICO 242 Other F. R. accounts (net) 1, 111 - 45 -f 115 1,122 38, o64 + 12 +1,895 38,153 Member bank reserves: With Federal Reserve Banks 16,813 +226 - 478 17,297 Currency and coin (estimated) 2,951 +110 + 204 3,232 Total reserves held 19,764 h336 - 275 20, 529 Required reserves (estimated) 19,262 +252 - 306 19,51^ Excess reserves (estimated) 502 + 84 + 32 1,015 On June 19, 1963, U. S. Government securities held in custody by the Fed­ eral Reserve Banks for fore.ign account were $8,054 million, an increase of $69 mil­ lion for the week and an increase of $2,174 million from the comparable date a year Digitized for FRASER ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CONSOLIDATED STATEMENT OF CONDITION H. 4.1(a) OF TEE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since June 19, June 12, June 20, 1963 1963 1962___ A S S E T S Gold certificate account 14,227 8 - 764 Redemption fund for F. R. notes 1,287 + 5 + 115 Total gold certificate reserves 15,514 3 - 649 (324) 348 + 5 - 25 Cash 754 + 499 + 267 Discounts and advances Acceptances: 40 2 + 10 Bought outright Held under repurchase agreement 5 + 5 + 5 U. S. Government securities: Bought outright-- 2,806 - 205 24 Bills 14,443 „ _ +8,875 Certificates 9,699 -7,469 Notes _4,392 - - + 561 Bonds - 205 +1,953 Total bought outright 3l735o Held under repurchase agreement 246 + 99 + 69 Total U. S. Government securities 31,555 - 106 +2,012 Total loans and securities 32,385 + 396 +2,294 Cash items in process of collection (1,337) 6,909 +1,486 + 339 Bank premises 102 - - 5 Other assets ___345 .... - 82 TOTAL ASSETS (1,66i) 55,603 +1,884 +1,872 L I A B I L I T I E S Federal Reserve notes (324) 30,230 9 +1,713 Deposits: Member bank reserves 17,297 + 628 - 267 U. S. Treasurer--general account 873 + 239 + 301 Foreign 167 - 52 - 163 242 1 - 85 Other (**) Total deposits (**) 187579 + 815 1 215 Deferred availability cash items (1,337) 5,225 +1,060 Other liabilities and accrued dividends 81 TOTAL LIABILITIES (1,661) 557n5 C A P I T A L A C C O U N T S 481 Capital paid in 934 Surplus 73 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,66l) 55,603 31.< -h CM C?\ CM -- + 7 +1,865 +1,798 + 1 + 25 - - + 46 + 18 + 3 +1,885 +1,672 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shown on the fol­ 2 - . lowing pages— not consolidated) Contingent liability on acceptances purchased 26 for foreign correspondents 83 ~nno.aa. * Figures in parentheses are the eliminations made in the consolidating process, see comparable figures ^on c—omb-i-n-e-d- b-a-s-i-s on the -f-o-l-l-o-w-i-n-g- p—a-g-e-s.7— MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 19, .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 c3 neeS , advances Acceptances Holdings during week Within 15 days 750 18 711 - 32 16 days to 90 days 4 27 5,558 - 25 91 days to 1 year ** 14,879 - 49 Over 1 year to 5 years ___ 8,241 Over 5 years to 10 years mm mm - - 2,032 165 Over 10 years m. mm - - Total 755 55 31,586 -106 Digitized for FRASER http://fraser.stlouisfed.org/ ** Less than $500,000. Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 19, 19&3 San Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis C ity cisco (In m illions of dollars) A S S E T S Gold certificate account Ik, 22? 844 3,640 722 1,126 879 772 2,429 582 256 560 533 1,884 Redemption fund for F . R. notes 1,287 74 305 74 114 108 77 225 54 28 ____50_____32_ 139 Total gold certificate reserves 15,514 918 3,945 796 1,240 987 849 27654 636 284 610 572 2,023 324 21 84 26 17 21 28 24 11 22 13 15 42 F . R. notes of other Banks 348 22 61 17 32 26 32 65 16 8 11 11 47 Other cash Discounts and advances 754 13 357 6 35 33 38 76 32 1 73 25 65 Acceptances: Bought outright 40 -- 40 -- — - — —— — *• “* ** " Held under repurchase agreement 5 -- 5 — — • — •* “ ** U. S. Government securities: Bought sutright— B ills 2,806 143 703 155 231 187 152 469 111 59 117 ll4 365 Certificates 14,443 736 3,618 794 1,192 960 783 2,4l4 574 302 604 588 1,878 Notes 9,699 49k 2,430 533 801 645 525 1,621 386 202 4o6 395 1,26l Bonds 4,392 224 1,100 241 363 292 238 734 175 92 184 178 571 Total 31,340 1,597 7,851“ 1,723 2,587 2,084“ 1,698 5,238 1,246 655 1,311 1,275 4,075 Held under repurchase agreement 246 -- 246 -- -- -- -- -- -- — - Total U. S. Government securities 31,586 1,597 8,097 1,723 2,587 2,084 1,698 ..5/23g 1,246 655 1>3H 1,275 4,075 Total leans and securities 32,385 1,610 8,499 1,729 2,622 2,117 1,736 5,314 1,278 656 1,384 1,300 4,l4o 8,246 489 1,838 496 653 600 590 1,350 332 237 417 370 874 Cash items in process of collection Bank premises 102 3 8 3 7 5 l4 23 6 4 7 12 10 Other assets 345 17 88 19 29 22 20 54 13 6 15 17 45 TOTAL ASSETS 57,264 3,080 14,523 3,086 4,600 3,778 3,269 9,484 2,292 1,217 2,457 2,297' 7,181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(c) STATEMENT 0? CONDITION OF EACH FEDERAL RESERVE BATIK ON JUNE 19, 1963 San Total Boston New Phila- Cleve- Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco fin millions of dollars) L I A B I L I T I E S Federal Reserve notes 30,554 1,821 7,314 1,825 2,637 2,453 1,739 5,500 1,267 571 1,215 914 3,298 Deposits: Member hank reserves 17,297 6l4 5,027 738 1,216 727 897 2,547 66l 380 799 913 2,778 U.S. Treasurer-general account 873 4o 183 46 70 56 57 109 48 51 54 66 93 Foreign 167 7 1/54 9 14 7 9 22 5 4 6 9 21 Other 242 2 171 1 4 3 2 6 2 l 2 1 47 Total deposits 18,579 663 5,435 794 1,304 793 965 2,684 716 436 861 989 2,939 Deferred availability cash items 6,562 521 1,353 378 516 455 478 1,077 255 174 314 305 736 Other liabilities and accrued dividends 81 4 21 5 7 5 4 13 3 2 3 4 10 TOTAL LIABILITIES 55,776 3,009 14,123 3,002 4,464 3,706 3,186 9,274 2,24l 1,183 2,393 2,212 6,983 CAPITAL ACCOUNTS Capital paid in 481 23 129 27 44 23 27 68 16 11 21 28 64 Surplus 934 44 251 54 87 44 51 132 32 22 4o 53 124 Other capital accounts 73 4 20 3 5 5 5 10 3 1 3 4 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 57,264 3,080 14,523 3,086 4,600 3,778 3,269 9,484 2,292 1,217 2,457 2,297 7,181 Contingent liability on accept­ ances purchased for foreign correspondents 83 4 2/22 5 8 4 4 12 3 2 3 5 11 FEDERAL RESERVE AGENTS’ ACCOUNTS F. R. notes outstanding 31,922 1,881 7,633 1,900 2,809 2,572 1,819 5,640 1,333 657 1,250 965 3,463 Collateral for F. R. notes: Gold certificate account 7,258 453 1,600 465 580 620 4oo l,4oo 310 130 285 215 800 Eligible paper- 111 - - - - 6 -- - - -- - - 32 - - 73 — - - U. S. Government securities 25,650 1,464 6,200 1,500 2,300 1,986 1,450 4,500 1,100 550 1,000 800 2,800 Total collateral 33,019 1,917 7,800 1,971 2,880 2,606 1,850 5,900 1,442 680 1,358 1,015 3,600 l/ After deducting $113 million participations of other Federal Reserve Banks. 2/ After deducting $ 6l million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis