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 ** July 5, 1963 The average of daily figures of total member bank reserves held during the week ended July 3 increased a net of $l4o million to $20,194 million. Est­ imated currency and coin of member banks decreased $116 million and their reserve balances at the Federal Reserve Banks increased $256 million. Estimated required reserves increased $94 million; and estimated excess reserves increased $46 mil­ lion to $425 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $96 million, compared with the revised figure of $145 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $648 million in U. S. Government securities bought outright and $95 million in member bank borrowings, and a decrease of $29 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $203 million in Federal Reserve float and $46 million in gold stock, and an increase of $295 million in currency in circulation. Total Reserve Bank credit increased $559 million. As of Wednesday, July 3, holdings of U. S. Government securities bought outright were $84-1 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $245 million higher, and member bank borrow­ ings were $4-7 million lower. Outright holdings of bills, certificates, notes, and bonds increased $685 million, $21 million, $58 million, and $77 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, July 3, June 26, July 4, July 3, and related items 1963 1963 1962 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 32,078 +648 +2,371 32,289 Held under repurchase agreement 171 + 18 6 394 Acceptances-- Bought outright 39 - 2 + 6 40 Held under repurchase agreement 5 + 3 24 4 Discounts and advances— Member bank borrowings 329 + 95 + 209 565 Other -- - 33 Float 1,651 -203 + 153 1,522 Total Reserve Bank credit 34,273 +559 +2,676 357514 Gold stock 15,733 - 46 - 702 15,733 Treasury currency outstanding 5,587 + 5 - 13 5,588 55,593 +518 +1,961 56,135 Currency in circulation 35,574 +295 +1,711 35,864 Treasury cash holdings 390 - 12 1 393 Treasury deposits with F. R. Banks 863 - 29 + 330 884 Foreign deposits with F. R. Banks 173 - 12 - 157 167 Other deposits with F. R. Banks 235 + 18 - 55 192 Other F. R. accounts (net) 1,101 + 2 + 402 1,098 38,337 +253 +2,231 38,598 Member bank reserves: With Federal Reserve Banks 17,257 +256 - 270 17,538 Currency and coin (estimated) 2,937 -116 + 224 2,954 Total reserves held 20,194 +I4o 46 20,492 Required reserves (estimated) 19,769 + 94 + 72 19,769 Excess reserves (estimated) 425 + 46 - 118 ' 723 On July 3, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,975 million, a decrease of $82 million for the week and an increase of $1,685 million from the comparable Digitized fodr aFRtAeS EaR year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS Change since ruly 3, June 26, July 4, 1962 1963 1963 A S S E T S Gold certificate account 14,159 + 7 - 826 Redemption fund for F. R. notes 1,298 + 8 + 128 Total gold certificate reserves 157557 + 15 - 698 * Cash (246) 338 - 18 - 17 Discounts and advances 565 - 57 + 452 Acceptances: Bought outright 4o + 2 + 8 Held under repurchase agreement 4 + 4 - 28 U. S. Government securities: Bought outright— Bills 3,555 + 685 + 249 Certificates 14,464 + 21 +8,746 Notes 9,781 + 58 -7,496 Bonds 4,489 + 77 + 596 Total bought outright 32,289 + «4l +2,095 Held under repurchase agreement 395 + 245 + 254 Total U. S. Government securities 32,683 +1,086 +2,349 Total loans and securities 33,292 +1,045 +2,78I Cash items in process of collection 5,6c8 +.. 170 + 567 102 -- 4 Bank premises Other assets 399 + 16 - 315 55,196 +1,228 +2,315 TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes 30,730 + 488 +1,801 Deposits: Member bank reserves 17,538 + 874 - 351 U. S. Treasurer--general account 884 - 170 + 395 167 - 15 - 139 Foreign 192 - 19 - 102 Other 18,781 + 670 - 198 Total deposits Deferred availability cash items 4,o86 + 59 + 624 Other liabilities and accrued dividends 77 8 + 15 TOTAL LIABILITIES 53j7>75 +1,209 +2,242 c a p i t a l A C C O U N T S Capital paid in 481 + 23 Surplus 934 -- + 46 Other capital accounts 107 + 19 + 3 55,196 +17228 +2,314 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) 31-1$ - .6$ - 2.4io Contingent liability on acceptances purchased for foreign correspondents 84 + 1 + 2 -o jux ----------see comparable figures on combined basis on following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 3, ,3-9^3 (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 560 14 1,306 + 556 16 days to 90 days 5 30 5,549 + 128 91 days to 1 year ** 15,227 + 283 Over 1 year to 5 years -- - 8,346 + 6l Over 5 years to 10 years -- 2,074 + 42 181 + l6 Over 10 years -- Digitized for FRAS T E o R t al 565 *54 327583 +1,086 http://fraser*.s*tl ouLisefesds.o rgt/ han ij>500,000. Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 3, 1963 H.4.1(b) San New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston York delphia land mond Louis apolis City cisco A S S E T S R G e o T d l e o d m t p c a t e l r i t o g i n o f l i f d c u a n c t e d e r t f a i o c f r c i F o c . u a n t R t e * r n e o s t e e r s v es 1 1 4 5 1 , , j 1 X 4 5 M 5 9 n 7 7 7 1 8 7 f 0 5 P c __-- 3 - 3 , ,8 5 053 l 0 - 1 1 4 JI 8 ±t— 7 8 5 7 3 k 6 0 1 1 , , 0 2 I 8 0 lk 6 0 1, 9 0 1 0 0 1 6 6 2 7 8 . 6 3 .7 1 7 6 2 2, , 2 4 6 2 4 6 2 4 6 ... 5 5 4 9 5 0 3 3— 3 3 1 2 4 8 9 7 6 6 1 6 5 6 6 0.. 6 58 2 4 6 0 6 2 X , ' 0 3 77 L F O . t h R e . r n c o a t s e h s of other Banks 2 3 4 3 6 8 , 1 2 2 2 6 59 2 1 1 8 6 1 3 0 1 2 16 4 2 30 4 2 6 0 4 18 9 23 8 1 1 1 0 1 1 3 2 4l Discounts and advances 565 23 126 9 73 62 30 66 37 9 18 20 92 Acceptances: _ — _ _ Bought outright 4o -- 4o -- «» .. .... Held under repurchase agreement 4 4 U. S- Government securities: Bou C B N e g i o r l h t t l e t s i s f o i u c t a r t i e g s ht— l4 9 3 , , , 5 7 4 5 8 6 5 l 4 1 7 5 4 8 0 7 5 4 2 3, , 8 4 6 9 6 4 6 5 4 1 7 5 9 8 3 2 3 0 1,1 2 8 9 9 0 5 8 4 2 9 6 5 3 4 2 4 3 1 7 5 9 9 3 5 7 4 2 l, , 4 5 6 9 3 i 4 3 4 l 3 1 5 8 4 7 7 l 8 5 8 2 1 8 9 6 8 9 2 0 7 1 6 1 4 4 8 0 i 9 8 7 o 1 5 4 1 4 9 o 8 5 1 o 4 l 1 , , , 2 8 4 5 7 8 6 8 2 2 0 4 Bonds -Ar « 489j 232 l, 131 243 371 295 247 749 Total 32,289 1,668 '8,136 1,748 2,668 2,124 1,773 5,390 1,282 628 i,354 Held under repurchase agreement ____qJLq2-I±l 394 Total U. S. Government securities po 68^ 1.668 8. 530 1.748 2.668 2.124 1,773.. ,.5,-390- l, 282 628 1.354... 1,320 4,198, Total loans and securities 33,292 1,691 8,700 1,757 2,741 2,186 1,803 5,456 1,319 637 1,372 1,340 4,290 C B O a a t s n c h h k o e l r p l i r t e a e e c s m m t s s i e i s t o e s n i s n process of 6,7 1 A 7 0 W 2 W 9 4 O 7 3 l 2 1,3 1 2 0 6 8 2 4 2 3 2 5 3 54 7 2 4 2 9 4 7 5 5 1 2 1 3 4 5 i,<h 2 6 3 3 9 3 1 m 5 6 _ 0 4 3 1 5 7 7 4 — 3 1 1 2 2 9 2 7 1 5 5 0 L 4 - TOTAL ASSETS 56,613 3,006 14,075 3,081 4, 564 3,764 3,246 9,341 2,269 1,232 2, 437 2, 344 7,254 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH JOLY 3> H.It-.1(c) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis