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 27, 1963 The average of daily figures of total member bank reserves held during the week ended June 26 increased $229 million to $20,025 million. Estimated currency and coin of member banks increased $4l million and their reserve balances at the Federal Reserve Banks increased $188 million. Estimated required reserves increased $279 million; and estimated excess reserves decreased $50 million to $448 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $2l4 million, compared with the revised figure of $2l4 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $186 million in U. S. Government securities bought outright and $80 million held under repurchase agreement, and a decrease of $52 million in currency in circulation. The principal offsetting changes were a decrease of $50 million in member bank borrowings and an increase of $111 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $2l6 million. As of Wednesday, June 26, holdings of U. 3. Government securities bought outright were $108 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $97 million lower, and member bank borrowings were $l42 million lower. Outright holdings of bills, notes, and bonds increased $64 million, $24 million, and $20 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday. Reserve Bank credit, June 26, June 19, June 27, June 26, and related items 1963 . 1963 1962 1963 (in millions of dollars) Reserve Bank credit; U. S. Government securities-- Bought outright— System account 31,430 +186 +2,197 31,448 Held under repurchase agreement 153 + 80 + 66 149 Acceptances— Bought outright 4l - 2 + 11 38 Held under repurchase agreement 2 + 1 - - — — Discounts and advances-- Member bank borrowings 234 - 50 + 66 612 Other - 48 -- -- -- Float 1,854 + 1 + 186 i,4il Total Reserve Bank credit 33,714 +216 +2,478 33,658 Gold stock 15,779 - 19 - 654 15,733 Treasury currency outstanding 5,582 - 18 5,582 -- 55,075 +198 +1,806 547973 Currency in circulation 35,279 - 52 +1,695 35,357 Treasury cash holdings 402 - 2 + 6 402 Treasury deposits with F. R. Banks 892 +111 + 342 1,054 Foreign deposits with F. R. Banks 185 - IT - 158 182 Other deposits with F. R. Banks 217 - 20 - 49 211 Other F. R. accounts (net) 1,099 - 12 + 213 1,103 387074 + 10 +2,049 38,309 Member bank reserves: With Federal Reserve Banks 17,001 +188 - 243 16,664 Currency and coin (estimated) 3,024 + 4l + 206 3,343 Total reserves held 20,025 +229 - 37 20,007 Required reserves (estimated) 19,577 +279 + 8 19,631 Excess reserves (estimated) 448 - 50 - 45 376 On June 26, 1963, U. S. Government securities held in custody by the Fed­ eral Reserve Banks for foreign account were $8,057 million, an increase of $3 mil­ lion for the week and an increase of $1,751 million from the comparable date a Digitized for FRASER year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in m illions of dollars) Change since 'June 26, June 19, June 27, 1962 A S S E T S Gold certificate account 11,152 - 75 - 838 Redemption fund for F. R. notes 1,290 + 3 + 122 15,^12 - 72 - 716 Total gold certificate reserves (3^0 356 + 8 16 Cash 612 - 1I2 + 219 Discounts and advances Acceptances: Bought outright 38 2 + 8 Held under repurchase agreement 5 ll U. S. Government securities: Bought outright— 2,870 + 61 + 236 Bills -- +8,865 Certificates ll,ll3 Notes 9,723 + 2! -7,167 Bonds h,kl2 + 20 + 579 + 108 +2,213 Total bought outright 31?+® Held under repurchase agreement 1I9 - 97 + l Total U. S. Government securities 31,597 + 11 +2,2ll Total logins and securities 32,2^7 - 138 +2,127 5,^38 -1,171 + 362 Cash items in process of collection 102 -- 5 Bank premises 383 + 38 - 309 Other assets 53,968 -1,635 +1,7^3 TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes 30,212 + 12 +1,706 Deposits: Member bank reserves 16,661 - 633 - 527 U. S. Treasurer--general account i,05l + 181 + I76 182 + 15 - 160 Foreign 211 - 31 22 Other 18,111 - 168 - 233 Total deposits Deferred availability cash items 1,027 -1,198 + 193 Other liabilities and accrued dividends 85 + 1 + 5 1 527165 -1,650 +1,671 TOTAL LIABILITIES C . A P I T A L A C C O U N T S Capital paid in 181 + 21 Surplus 93I -- + 16 Other capital accounts 88 + 15 + 2 1 53,968 -1,635 +1,713 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) 31*7# + .1# - 2.5i Contingent liability on acceptances purchased for foreign correspondents 83 - 19 * 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 26, 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 Changes Discounts and advances Acceptances Holdings during week Within 15 days 5o5 13 750 l6 days to 90 days 6 25 5,121 -137 91 days to 1 year ** ll,9ll + 65 Over 1 year to 5 years - - 8,285 + 11 Over 5 years to 10 yea] 2,032 165 Over 10 years — — — Total 312 38 31,597 + 11 Digitized for FRASER http://frase*r*.s tloLueissfesd .otrgh/ an $500,000. Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL' 'RESERVE' BANK ON TfUNE '26, 1963 San Total Boston Neu 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, 152 782 3,478 717 1 071 921 736 2,4l6 567 339 574 524 2 , 02rf Redemption fund for F. R. notes 1.200 _ 73 . 314 _ 704 ll4 __ 106 76 2?4 S3 28 50 39 139 Total gold certificate reserves 15/442 855 3,792 791 1:185 1,027 812 2,640 620 367 624 563 2,166 F. R. notes of other Banks 3l,k 18 85 28 19 23 32 27 13 ?4 15 15 45 Other cash 356 22 63 17 32 25 33 66 18 8 12 13 47 Discounts and advances 612 4 282 11 24 47 17 135 6 6 30 2 48 Acceptances: Bought outright 38 38 „ __ __ U. S. Government securities Bought outright-- Bills 2,870 146 723 158 237 191 155 480 ll4 56 120 117 373 Certificates 14,443 736 3,64o 794 1,192 960 783 2,4l4 574 280 6o4 588 1,878 Notes 9,723 495 2, 451 534 803 646 527 1,625 387 188 407 395 1,265 Bonds 4.4i2 22s 1.112 243 364 293 .239 737 175 86 185 179 574 Total 31,448 l, 602 7,926 1,729 2, 596 2, 090 1,704 5,256 1,250 610 1,316 1,279 4,090 Held under repurchase agreement 149 - - 149 - — - «. -- -- Total U. 3. Government securities 31,597 1,602 8,075 1,729 2,596 2,090 1,704 5,256 1,250 610 1.316 1,279 4.C90 Total loans and securities 32,247 1,606 8,395 1,740 2,620 2,137 1,721 5,391 1,256 616 1,346 1,281 4,138 Cash items in process of collection 6,6l4 472 1,200 438 538 495 523 l, 049 300 195 356 309 739 Bank premises 102 3 8 3 7 5 14 23 6 4 7 12 10 Other assets 383 19 98 21 32 25 21 61 15 8 16 18 49_ TOTAL ASSETS 55,488 2,995 13,64l 3,038 4,433 3,737 3,156 9,257 2,228 1,222 2, 376 2,211 7,194 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 26, 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 30,586 1,827 7,343 1,822 2,637 2,456 1,748 5,497 1,264 5 68 1,210 911 3,303 Deposits: Member bank reserves 16,664 660 4,628 712 1,139 700 832 2,530 615 391 764 874 2,819 U*S. Treasurer-general account 1,054 55 188 64 53 112 45 127 46 63 66 70 165 Foreign 182 9 1/53 10 16 8 10 25 6 4 7 10 24 Other 211 1 152 1 1 3 1 2 2 1 1 1 45 Total deposits 18,111 725 5,021 787 1,209 823 888 2,684 669 459 838 955 3,053 Deferred availability cash items 5,203 388 851 339 443 380 432 849 24l 158 260 256 626 Other liabilities and accrued dividends 85 4 22 5 6 5 5 l4 3 2 3 4 12 TOTAL LIABILITIES 53,985 2,924 13,237 2,953 4,295 3,664 3,073 9,044 ' 2,177 1,187 2,311 2,126 6,994 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 88 4 24 4 7 6 5 13 3 2 4 4 12 TOTAL LIABILITIES AND 55,488 2,995 13,641 3,038 4,433 3,737 3,156 9,257 2,228 1,222 2,376 2,211 7,194 CAPITAL ACCOUNTS Contingent liability on accept­ a c n o c r e r s e s p p u o r n c de h n a t s s ed for foreign 83 4 2/22 5 8 4 4 12 3 2 3 5 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 31,923 1,885 7,624 1,892 2,803 2,579 1,819 5,645 1,327 655 1,251 977 3,466 Collateral for F. R. notes: Gold certificate account 7,243 453 1,600 465 580 605 4eo l,4oo 310 130 285 215 800 Eligible paper 46 __ 11 -- -- — -- 6 - - 29 "" 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 32,939 1,917 7,800 1,976 2,880 2,591 1,850 5,900 l,4i6 68 0 1,314 1,015 3,600 _l/ After deducting $129 million participations of other Federal Reserve Ranks. 2/ After deducting $ 6l million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis