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 Ju ly 11, 1963 The average of daily figures of total member bank reserves held during the week ended July 10 decreased $155 million to $20,086 million. Estimated currency and coin of member banks decreased $126 million and their reserve balances at the Federal Reserve Banks decreased $29 million. Estimated required reserves decreased $202 million; and estimated excess reserves increased $47 million to $480 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $157 million, compared with the revised figure of $104 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $42 million in gold stock, and increases of $325 million in currency in circulation and $159 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases o $230 million in U- S. Government securities bought outright and $173 million held under repurchase agreement and $75 million in Federal Reserve float, and a decrease of $39 million in "other" deposits with Federal Reserve Banks. Total Reserve Ban credit increased $471 million. As of Wednesday, July 10, holdings of U. S. Government securities bought outright were $236 million lower than a week earlier, U- S* Government securities held under repurchase agreement were $156 million lower, and member bank borrowings were $434 million lower. Outright holdings of bills decreased $320 million; notes and bonds increased $25 million and $59 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday; Reserve Bank credit, July IQ, July 3, 1 July 11, July 10, and related items 1963 1968 _J__1962__ 1263__ (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 32,308 +230 +2,438 32,053 Held under repurchase agreement 344 +173 + 252 238 Acceptances— Bought outright 1*0 + 1 + 6 40 Held under repurchase agreement 3 - 2 22 3 Discounts and advances-- Member bank borrowings 323 - 6 + 268 131 __ - 26 Other Float 1,726 + 75 + 99 1,529 Total Reserve Bank credit 34, 744 +471 +3,015 33,995 Gold stock 15,691 - 42 - 721 15,683 Treasury currency outstanding 5,588 + 1 l4 5,588 56,022 +429 +27280 55,265 Currency in circulation 35,899 +325 +1,744 35,943 Treasury cash holdings 391 4- 1 3 398 Treasury deposits with F. R. Banks 1,022 +159 + 570 1,190 Foreign deposits with F. R. Banks 180 + 7 - 114 184 Other deposits with F. R. Banks 196 " 39 - 105 201 Other F. R. accounts (net) 1,107 + 6 + 407 1,107 38,794 +457 +2,499 39,023 Member bank reserves: With Federal Reserve Banks 17,228 - 29 - 219 16,242 Currency and coin (estimated) 2,858 -126 + 164 3,253 Total reserves held "20,085 -155 - 55 19,497 Required reserves (estimated) 19,606 -202 + 11 19,550 480 + 47 - 66 1 - ?5 Excess reserves (estimated) On July 10, 1563, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,936 million, a decrease of $39 million for the week and an increase of $1,384 million from the comparable Digitized for FRASER http://fraserd.satltoueis fead .oyrge/a r ago. 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 July 10, July 3, July 11 1963 1963 _ 1962 A S S E T S Gold certificate account 14,105 - 54 - 745 Redemption fund for F. R. notes 1,298 -- + 121 Total gold certificate reserves 15,403 - 54 - 624 * Cash (284) 330 8 - 19 Discounts and advances 131 - 434 + 74 Acceptances: Bought outright 4o - - + 8 Held under repurchase agreement 3 1 - 17 U. S. Government securities: Bought outright-- Bills 3,235 - 320 + 627 Certificates 14,464 __ +8,766 Notes 9,806 + 25 -7,455 Bonds 4,548 + 59 + 670 Total bought outright 32,053 - 23~6 +2,608 Held under repurchase agreement 238 - 156 + 196 Total U. S. Government securities 32,291 - 392 +27864 Total loans and securities 32,465 - 827 +2,869 Cash items in process of collection (1,073) 5,347 - 261 + 198 Bank premises 102 5 Other assets 407 + 8 - 314 TOTAL ASSETS (1,357) 54,054 -I7I42 +2,105 L I A B I L I T I E S Federal Reserve notes (284) 30,803 + 73 +1,786 Deposits: Member bank reserves 16,242 -1,296 - 602 U. S. Treasurer-- general account 1,190 + 306 + 754 Foreign 184 + 17 - 151 Other 201 + 9 - 18 Total deposits 177S17 -” 955 - 17 Deferred availability cash items (1,073) 3,818 - 268 + 252 Other liabilities and accrued dividends 77 -- + 9 TOTAL LIABILITIES (1,357) 52,515 -1,159 +2,030 c a p i t a l a c c o u n t s Capital paid in 482 + 1 + 24 Surplus 934 -- + 46 Other capital accounts 123 + l6 + 5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,357)' 54,054 -1,142 +2,105 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) 31.5$ + .4$ - 2.% Contingent liability on acceptances purchased for foreign correspondents 83 - 1 - 1 * Figures in parentheses are the eliminations made in the consolidating process; _____see comparable figures on combined basis on following pages._________________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES JULY 10, 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 Changes advances Acceptances Holdings during 1 W ithin 15 days 126 13 T54" -552 16 days to 90 days 5 30 5,610 + 61 91 days to 1 year * ** -- 15,241 + l4 Over 1 year to 5 years -- 8,385 + 39 Over 5 years to 10 years 2,120 + 46 Over 10 years - - 181 __ 131 Total ______________ 43 32,291 -392 Digitized* *fo r FLReAsSsE Rt han $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE £ANK ON o'JLI 10, 196 8 H.4.l(b) -----—— Sun New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston York delphia land mond Louis apolis City cisco :--~V--- J In millions ox dol-Lars) A S S E T S G R o e l d d e m c p e t r i t o i n f i f c u a n t d e f a o c r c F o - u n R t • notes 1.1 1 + , 1 2 0 9 5 8 71 7 5 5 3,3 3 3 13 6 81 7 + 5 1 1,1 1 6 1 2 5 9 1 2 0 7 5 79 7 3 6 2,1 2 + 2 0 l 7 + 57 5 3 3 32 2 8 8 63 5 9 0 53 1+ 1 0 1,8 li 5 +l 3 + Total gold certificate reserves 15,^03 790 3,6+9 916 1,277 1,032 869 2,631 626 356 68 9 571 1,997 F O . t h R e . r n c o a t s e h s of other Banks 2 3 8 3 1 0 + 1 2 5 1 7 6 l 5 + 2 1 5 5 1 3 2 0 2 2 1 0 2 3 l 0 + 2 6 l 1 + 18 9 20 8 1 1 1 0 + 1 1 3 0 3 1+ 3 2 Discounts and advances 131 3 1+ 2 6 11+ 6 30 3 7 38 12 6 Acceptances: *>» Bought outright 1+0 -- 1+0 - - - — __ Held under repurchase agreement 3 — *■ 3 U* S- Government securities: Bought outright-- N B C B o i e o l r t n T l t e d o s i s s t f a i l cates I 3 k 9 3 2 , , , , 2 0 1 8 + 3 5 o 61 5 3 6 + _ 1 __ ,6 7 1 £ O 5 1 5 J 6 0 k + l 6 7 7 7 ^ L ” l 2 3 8 , , , , . 6 1 8 0 l 1 + l + 1 7 7 + 1 5 7 1 7 + 1, 1 7 7 2 5 7 8 3 k 3 5 5 3 1 6 1 2, ,1 6 2 8 3 1 9 6 7 1 + 5 6 7 1 9 2,1 2 9 6 2 0 1 1 9 5 + 9 3 2 9 5 1,7 7 1 2 5 6 9 7 5 3 8 8 0 0 !+ 2 1 5 , , , 6 l 7 3 5 + 3 5 I 5 l + l 9 7 0 0 + 1,2 1 5 1 3 7 2 8 7 8 8 5 2 9 0 2 1 6 8 6 9 8 2 3 2 3 0 8 1, 1 6 1 1 3 + 1 3 9 0 + 1 5 7 1 1 ^ 1,3 1 1 5 1 + 1 3 8 9 0 1 3 6 1 1 1 1 1+ , , , 8 2 1 1 5 + 8 7 6 9 2 0 5 1 / 1 _ Held under repurchase agreement _238. 278 tt ttovernment securities Qp 291 1, 656 8,315 1.735 2,61+9 2,109 1.760 5,350 1.272 623 1,31+1+ 1.311 1+.167 Total loans and securities 32,1+65 1,659 8,362 1,737 2,655 2,123 1,766 5,380 1,275 630 1,382 1, 323 1+,173 C B a a s n c h k o l p l i r t e e e c m m t s i i s o e n i s n process of 6,1 1 k + 0 0 2 2 7 0 1+ 2 3 1 3 7 1,2 10 0 l 1 8 + 1+ 2 0 2 3 3 52 3 3 * 5 - f 7 1+ 2 8 5 5 0 1+ l 2 8 l 3 7 + 1,02 i 5 28 1 7 6 6 205 9 1+ 33 1 3 7 7 29 1 1 8 8 2 7I 1 5 + 0 3 I Other assets TOTAL ASSETS 55, i+ii 2,9^6 13,1+63 3,121 l+, 539 3,706 3,213 9,208 2,237 1,232 2,1+52 2,21+5 7,0l+9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4:1(c) STATEMENT- OF' CONDITION OF FACE FEDERAL" RESERVE BAM ON JULY 10, 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 doi:Lars) L I A B I L I T I E S Federal Reserve notes 31,087 1,863 7,553 1,844 2,680 2,492 1,778 5,589 1,277 570 1,228 931 3,392 Deposits: Member bank reserves 16,242 629 4,316 790 1,215 702 864 2,386 597 384 817 895 2,647 U.S. Treasurer-general account 1,190 84 231 68 83 65 75 158 73 78 73 67 135 Foreign 184 8 1/57 10 l6 8 10 25 6 4 7 10 23 201 1 138 1 2 4 1 2 1 * 1 1 49 Other Total deposits 17,817 722 4,742 869 1,316 779 950 2,571 677 466 898 973 2,854 Deferred availability cash items 4,891 284 844 317 397 355 396 815 227 159 257 251 589 Other liabilities and accrued dividends 77 4 20 4 6 5 4 14 3 2 3 3 9 TOTAL LIABILITIES 53,872 2,873 13,059“ 37635" 5,399 17531 3,128" 8,989“ 2,185" 1,197 2,386 2,158 6,84A CAPITAL ACCOUNTS Capital paid in 482 23 129 27 44 23 27 68 17 11 21 28 64 Surplus 935 44 251 54 87 44 51 132 32 22 4o 53 124 Other capital accounts 123 6 34 6 9 8 7 19 4 2 5 6 17 TOTAL LIABILITIES AND 55,511 2,946 13, 563 3,121 4,539 3,706 3,213 9,208 2,237 1,232 2,452 2,245 7,049 CAPITAL ACCOUNTS Contingent liability on accept­ ances purchased for foreign c orre sponaents 83 4 2/22 5 8 4 4 12 3 2 3 5 11 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 32,359 1,919 7,715 1,915 2,837 2,606 1,842 5,734 1,339 652 1,266 993 3,553 Collateral for F. R. notes: Gold certificate account 7,243 553 1,600 465 580 605 4eo i,4co 310. 130 285 215 800 Eligible paper 42 -- 2 -- -- -- -- 3 -- 37 -- -- U. S. Government securities 26,079 1,494 6,300 1,500 2,300 2,035 1,500 4,500 1,100 550 1,000 800 3,000 Total collateral 33,364 1,947 7,900 1,967 2,880 2,64o 1,900 5,900 1,413 680 1,322 1,015 3,800 _l/ After deducting $ 127 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