H.4.1 Factors Affecting Reserve Balances of Depository Institutions

the week before. The principal changes reducing average reserve balances w ith_Federal Reserve Banks were decreases of $252 m illion in U. S. Government securities $103 bought outright and m illion held under repurchase agreement, $85 m illion m $36 member bank borrowings, and m illion in gold stock. The principal offsetting 6 changes were an increase of $ l m illion in Federal Reserve float and decreases^of $36 $152 m illion in currency in circulation and m illion in Treasury deposits with $389 Federal Reserve Banks. Total Reserve Bank credit decreased m illion. As of Wednesday, July 24, holdings of U. S- Government securities bought outright were $2 million lower than a week earlier and member bank borrowings were $207 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Ju ly 2k, Ju ly 17, Ju ly 25, July 24, and related items 1963 1963 1962 1963 (in m illions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 31,687 -252 +2,457 31,750 Held under repurchase agreement -- -103 •" - "" Acceptances-- Bought outright ko — — — 39 Held under repurchase agreement -- - 6 4 — Discounts and advances-- Member bank borrowings 312 - 88 + 253 75 1 l4 Other Float 1,990 + 61 + 22 1,384 33,248 Total Reserve Bank credit 34,030 -389 +2,715 636 S Gold stock 15,633 - 36 - 157 2 Treasury currency outstanding 5,584 + - 19 51+7467 55,247 ^423 +2,060 -152 35,651 Currency in circulation 35,698 +1,797 Treasury cash holdings 391 - 5 - 13 393 1,020 Treasury deposits with F . R• Banks 886 - 36 + 335 Foreign deposits with F. R. Banks 168 - 12 - 53 177 Other deposits with F. R. Banks . 193 - 6 - 124 197 Other F. R. accounts (net) 1,062 + 6 + 421 1,063 1206 + 2,362 367561 38,397 Member bank reserves: With Federal Reserve Banks 16,850 -217 - 302 15,965 Currency and coin (estimated) 3,c44 - 59 + 194 3,364 Total reserves held 19, ^>9k -276 - ic8 19,329 Required reserves (estimated) 19,467 -109 + 4o 19,395 66 Excess reserves (estimated) 427 -167 - i48 - On July 2k, 1963 , U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,939 million, a decrease of $94 million for the week and an increase of $1,537 million from the comparable Digitized for FRASER date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in m illions G>f dollars) Change since Ju ly 24, Ju ly IT? -jjry^T 1962 1963 1963 A S S E T S 14,038 3 - 687 Gold certificate account 1,311 + 3 + 105 Redemption fund for F* R- notes 582 - Total sold certificate reserves 15,349: 20 Cash (1+21) '358 + - 2 6 3 Discounts and advances 75 - 207 l Acceptances: 1 1 Bought outright 39 -- 3 Held under repurchase agreement U. S. Government securities: Bought o utright-- 2 + 638 2,932 B ills ik,k6k Certificates 9,806 -7,483 Notes 4,548 + 682 Bonds Total bought outright 31?750 +2,570 Held under repurchase agreement 317790 +2,570 Total U. S- Government securities 31,864 - 213 + 2,508 Total loans and securities Cash items in process of collection ( 1 , 219 ) 5,188 - 1,263 + 215 102 6 Bank premises 19 4i6 + - 330 Other assets +17782 (1.640) 53,277 -1,437 TOTAL ASSETS L I A B I L I T I E S 156 +I,8c8 (421) 30,533 Federal Reserve notes Deposits: 686 Member bank reserves 15,965 736 1,020 136 + 455 U. S. Treasurer--general account 60 Foreign 177 3 106 l4 - Other (5) ____197 617 Total deposits (5 ) 17,359 - - 397 283 Deferred a va ila b ility cash items (l,2 i4 ) 3,8c4 - 682 + + l4 Other lia b ilitie s and accrued dividends ______75 +_____ 3 +17708 TOTAL LIABILITIES (1.640) 51,771 -1,452 C A P I T A L A C C O U N T S 25 + 483 Capital paid in 934 + 46 Surplus 89 + 14 + 3 Other capital accounts 717752 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1.640) 53,277 -1,437 Ratio of gold certificate reserves to deposit and F. R. note lia b ilitie s combined (com­ puted from figures as shown on the fo l­ 31.8 i ■% lowing pages--not consolidated) Contingent liability on acceptances purchased + for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating proc , see comparable figures on combined basis on the following pagesw MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 24, 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 11 557 +9? W ithin 15 days 69 6 90 6 28 5,620 -52 l days to days 91 1 ** 14,890 -46 days to year Over 1 year to 5 years 8,385 2,120 Over 5 years to 10 years 181 Over 10 years 2 Digitized fo_r_ F_R__A_STERo t a l _______________ 75 39 31,750 http://fraser.stlouisfed.org/ ** Less than $500,000. Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 24, 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) A S S E T S Geld certificate account l4, O38 732 ■3/641 658 1^073 924 803 2,314 565 280 636 574 1,838 Redemption fund for F. R. notes 1.311. 77 322 77 n s .. 104 ...76 223 . _ - -53-__28 . - 52- 4i .■ 14^ Total gold certificate reserves 15, 3^9 809 3,963 735 1,188 1,028 879 2,537 618 308 688 615 1,981 F. R. notes of other Banks 421 31 99 ^3 15 32 35 29 16 29 17 19 56 Other cash 358 26 65 19 33 23 32 61 20 9 11 12 47 Discounts and advances 75 2 7 2 5 10 5 16 1 10 7 10 — Acceptances: Bought outright 39 -- 39 -- -- -- -- — — -- -- U. S. Government securities: Bought outright— 2,932 144 746 158 242 193 161 490 116 57 123 120 382 Bills Certificates l4,464 711 3,680 783 1,195 952 794 2,4l4 575 282 607 591 1,880 Notes 9,8c6: 483 2,495 531 811 645 538 1,637 389 190 4n 401 1,275 4,548 224 1,158 246 376 299 250 759 180 88 191 186 591 Bonds Total 31,750; 1,562 8,079 1,718 2,624 2,089 1,743 5,300 1,260 617 l, 332 1,298 4,128 — Held iinder repurchase agreement -- -- -- __ -- -- -- -- — -- -- Total U. S. Government securities 31,750 1,562 8,079 1,718 2,624 2,089 1,743 5,300 1,260 617 1,332 1,298 4,128 Total loans and securities 31,864 1,564 8,125 1,720 2, 629 2,099 1,748 5,316 1,261 627 1,339 1, 308 4,128 Cash items in process of collection 6,407 497 1,132 4c8 501 492 491 991 269 196 335 346 749 Bank premises 102 3 8 3 7 5 l4 23 6 4 7 12 10 Other assets 4i6 20 1C8 22 35 26 24 66 16 9 18 18 ___ 5L TOTAL ASSETS 54,917 2,950 13,500 2,950 4,4c8 3,705 3,223 9,023 2,206 1,182 2,415 2,330 7,025 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 24, 1963 FEDERAL RESERVE AGENT'S ACCOUNTS f . K . notes outstanding 32,501 1,924 7,800 1,914 2,838 2,615“ i,g5T" 5,748 “ 17345 1,265 l,00l 3,533 Collateral for F. R. notes: Gold certificate account 7,163 413 1,600 425 580 605 4oo l,4oo 310 130 285 215 800 Eligible paper 10 -- -- 2 -- -- -- l -- 7 -- -- U. S. Government securities 26,134 1,524 6,300 1,500 2,3 CO 2,035 1,500 4,500 1,100 550 1,CC0 825 3,000 Total collateral 33,307 1,937 7,900 1,927 2,880 2,64o 1,900 5,900 i,4 n 680 1,292 i,o4o 3,800 —• . b Y — —L-LVjil JJCLX oxu xJJcl OxUIio U1 vj Lliex r clLcIdl AcbcrVc jDcinJcvo • * Less than $500,000. 2/ After deducting $ 62 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis