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 July 18, 1963 H.4.1 The average of daily figures of total member bank reserves held during the week ended July 17 increased a net of $27 million to $20,124 million, mted currency and coin of member banks increased $188 million and their reserve balances at the Federal Reserve Banks decreased $l6l million, reserves decreased $67 million; and estimated excess reserves increased $94 lion to $557 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $157 million, compared with the revised figure of $l40 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $369 million in U. S. Government J ^ t i e s bought outright and $24l million held under repurchase agreement and $22 million in gold stock. The principal offsetting changes were increases of $203 in Federal Reserve float and $77 million in member bank b°rr°^ngs, and decreases of $100 million in Treasury deposits with Federal Reserve Banks, f51 million in "other" F.R. accounts (net), and $49 million in currency m circulation. Total Reserve Bank credit decreased $325 million. As of Wednesday, July 17, holdings of U. S. Government securities bought outright were $301 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $238 million lower, and member an or ings x/ere $151 million higher. Averages of daily figures Week ended Change from week ended Wednesday.. Member bank reserves, Reserve Bank credit, July 17, July 10, July 18, July 17, and related items 1963 1963____ 1962 1963— '(in millions of dollars)" Reserve Bank credit: U. S. Government securities-- Bought outright--System account 31,939 -369 +2,635 31,752 10 3 -241 + 103 Held under repurchase agreement Acceptances-- 4o + 1 40 Bought outright «. - 6 + 3 + 5 3 Held under repurchase agreement Discounts and advances-- 4oo + 77 + 237 282 Member bank borrowings 1 + 1 - 14 Other 1,929 +203 - 110 1,965 Float Total Reserve Bank credit 34,419 -325 +2,858 317052 15,669 - 22 - 629 15,633 Gold stock 5,582 - 6 - 19 5,583 Treasury currency outstanding 55,670 -352 +2,210 557258 35,850 - 49 +1,759 35,820 Currency in circulation 396 + 5 + 8 398 Treasury cash holdings 922 -100 + 426 884 Treasury deposits with F. R. Banks 180 --- - 135 180 Foreign deposits with F. R. Banks Other deposits with F. R. Banks 199 + 3 - 99 1, 2 06 1 5 1 1,056 - 51 + 449 Other F. R. accounts (net) 38,603 -191 +2,468 38,557 Member bank reserves: 17,067 -161 - 198 16,701 With Federal Reserve Banks 3,057 +188 + 228 3,273 Currency and coin (estimated) 20,154 + 27 + 30 19,975 Total reserves held 19,567 - 67 + 35 19,692 Required reserves (estimated) 557 + 94 5 282 Excess reserves (estimated) On July 17, 1963, U. S. Government securities held in custody by the $8,033, $97 Federal Reserve Banks for foreign account were an increase Digitized for FfRoArS EtRh e week and an increase of $1,650 million from the comparable date a 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 (in millions of dollars) Change since July 17, July 10, July l8, 1963 1962 iq6i A S S E T S lk,okl - 6k - 809 Gold certificate account Redemption fund for F. R. notes 1,308 + 10 + 133 7 67S Total gold certificate reserves 15,3^9 - 55 8 - 30 (35*0 338 + Cash 282 151 - 387 Discounts and advances + Acceptances: ko + 2 Bought outright 3 “ - + 3 Held under repurchase agreement U. S. Government securities: Bought outright— 2,93k - 301 + 767 Bills lk,k6k +8,751 Certificates 9,806 -- -7,k68 Notes k,5k8 -- + 682 Bonds 31,752 - 301 +2,732 Total bought outright -- - 238 -- Held under repurchase agreement 31,752 - 539 +2,732 Total U. S. Government securities 32,077 - 388 +2,350 Total loans and securities (1,328) 6,k5l + l,10k + 586 Cash items in process of collection 102 -- 5 Bank premises 397 10 - 329 Other assets TOTAL ASSETS (1,682) ~5jV7lk + 660 +1,896 l i a b i l i t i e s (35*0 30,689 - Ilk +1,792 Federal Reserve notes Deposits: 16,701 k59 - 750 + Member bank reserves 88k - 306 + kk9 U. S- Treasurer--general account 180 k - 89 Foreign (**) 211 + 10 - 102 Other Total deposits (**) 17,970 + 159 - k92 (1,328) k,k86 + 668 + 510 Deferred availability cash items 72 5 + 10 Other liabilities and accrued dividends (1,682) 53,223 + 708 +1,820 TOTAL LIABILITIES c a p i t a l a c c o u n t s k82 + 2k Capital paid in + k6 93k -- Surplus 75 - k8 + 6 Other capital accounts (1,682) 5k,71^ + 660 +1,896 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shown on the fol­ - 2.3 31- 1o lowing pages--not consolidated) Contingent liability on acceptances purchased 8k for foreign correspondents * 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, JULY 17, 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 week Within 15 days 277 ---Hf — -------- --96 16 days to 90 days 5 29 5,672 + 62 lk,936 -305 91 days to 1 year ** 8,385 -- Over 1 year to 5 years — - - 2,120 Over 5 years to 10 years * - 181 -- Over 10 years -- 282 ■$3 31,752 -539 Total Digitized for FRASER ** Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY IT, 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 (In millions of dollars; A S S E T S R G e o d T l e o d m t p c a t e l i r o t g i n o f l i f d c u a n c t d e e r f t a o i c r f c i F o c . u a n t R t e . r n e o s t e e r s v es ___ l 1 _ 4 5 1 , , " 3 o QP ^ 4 f 9 l t 7 8 6 7 4 5 6 l 3 4 , , 8 1 8 1 3 2 0 2 2 7 7 2 7 9 5 4 9 1 1 , , 0 1 1 3 1 5 5 5 0 l, 9 1 0 1 1 0 3 7 4 . 8 8 7 1 8 6 2 8 2 2, , 2 2 4 2 2 4 5 3 8 6 5 2 7 5 5 2 3 2 2 7 2 9 0 8 8 6 5 4 9 5 6 8 2 5 5 4 2 6 l 2 3 - 1 1 , , 7 9 l 9 4 ^ 3 7 0 _ F. R. notes of other Banks 3 3 5 3 ^ 8 2 2 3 2 9 6 2 3 1 3 7 ^ 1 3 2 1 2 2 6 0 3 3 0 0 2 6l 4 1 19 1 25 8 1 1 5 0 1 l 6 l 4 4 6 6 Other cash 282 4 27 5 2 13 32 89 * 23 43 23 21 Discounts and advances Acceptances: __ — — Bought outright 4o - *** 4o Held under repurchase agreement 3 3 mm mm U. S- Government securities: Bought outright-- 2,934 152 739 159 242 193 161 490 116 57 123 120 382 Bills l4,464 747 3,644 783 1,195 952 794 2,4l4 575 282 607 591 l, 880 Certificates 9,8o6 507 2,471 531 811 645 538 l, 637 389 190 4n 4oi 1,275 N Bo o n t T d e o . s tal 3 1 1 ± ,7 5 5 I1 2 A 1, 2 6 ° L > 1 5 8 1 , , 0 1 0 4 1 7 1,7 2 1 4 9 6 2,6 37 2 6 4 2, 2 0 9 8 9 9 1,7 2 4 5 3 0 5, 7 3 5 00 9 1,2 18 6 0 0 6 8 1 8 7 1,3 1 3 9 2 1 1, 1 29 8 8 6 k, 1 59 2 1 8 - Held under repurchase agreement Total U. S. Government securities 3 J- 1 1-! , 71 52 1, 6^4-1 8,001 1.719 2,624 2,089 1,743— 5J10Q- 1,260 617 1,332 1,298 4.128 — Total loans and securities 32,077 1,645 8,071 1,724 2,626 2,102 1,775 5,389 l, 260 64o 1,375 l, 321 4,149 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 i e s o t e s n i s n process of 7,7 1 lQy 7 0 QJ 9 7 2 - 5 o 5 CLn 6 3 \J 1,3 1 9 0 0 8 1 50 2 3 1 3 68 3 8 7 3 56 2 8 6 5 5 l 5 2 6 4 3 1,31 2 6 8 3 2 __ 3 1 29 6 1 236 9 4 38 1 8 7 7 33 1 1 5 2 8 _________ 9 _ 1 1 5 2 0 2 - .. TOTAL ASSETS 56,396 3,110 13,857 3,101 4, 547 3,764 3,316 9,325 2,265 1,220 2,460 2,276 7,15.5 * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 17, 1963 H-4.l(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 do3TLars) L I A B I L I T I E S Federal Reserve notes 31,043 1,858 7,444 1,840 2,678 2,485 1,777 5,592 1,276 567 1,225 932 3,369 Deposits: Member bank reserves 16,701 782 4,66l 735 1,132 734 903 2,360 622 384 824 918 2,646 U-S. Treasurer-general account 884 56 122 53 66 67 82 86 50 46 47 55 154 Foreign 180 8 1/53 10 16 8 10 25 6 4 7 10 23 Other 211 1 145 1 2 4 1 1 * * 1 * 5.5— Total deposits 17,976 847 4,981 799 1,216 813 996 2,472 678 434 879 983 2,878 Deferred availability cash items 5,8l4 330 1,016 374 510 389 456 1,040 257 183 288 273 698 Other liabilities and accrued 72 4 17 4 6 4 4 11 3 1 3 3 12 dividends TOTAL LL*? • TITLES 54,905 3,039 13,458 3,017 4,4io 3,691 3,233 9,115 2,2l4 1,185 2,395 2,191 6,957 CAPITAL ACCOUNTS Capital paid in 432 23 129 27 44 23 27 68 17 11 21 2tt t>4 Surplus 934 44 251 54 87 44 51 132 .32 22 40 53 124 Other capital accounts 75 4 19 3 6 6 5 10 2 2 4 4 10 TOTAL LIABILITIES AND 56,396 3,110 13,857 3,101 4,547 3,764 3,316 9,325 2,265 1,220 2,460 2,276 7,155 CAPITAL ACCOUNTS Contingent liability on accept­ c a o n r c r es e sp p o u n r d c e h n a t s s ed for foreign 84 4 2/22 5 8 4 5 12 3 2 3 5 11 FEDERAL RESERVE AGENT’S ACCOUNTS F. R. notes outstanding 32,526 1,929 7,799 1,914 2,845 2,618 1,868 5,743 1,349" 658 1,265 i,oo4 3,534 Co G ll o a l t d e c r e a r l t i f f o i r c F a . t e R. a cc no o t u e n s t : 7,233 1 443 1,600 465 580 605 400 i,4oo 310 130 285 215 800 48 5 * 43 U E . l ig S. i bl G e o ve pa rn p m e e r n t securities 26,104 1,494 6,300 i,5C0 2,300 2,035 1,500 4,500 1,100 550 1,000 825 3,000 Total collateral 33,385 1,937 7,900 1,970 2,880 2,640 1,900 5,900 l,4io 680 1,328 l,c4o 3,800 l/ After deducting $327 million pa]rticipat:Lons of other Federal Reserve Banks. * Less than $500,000- Digitized2 foJr F A R f A t SE e R r deducting $ 62 million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis