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.......... August 1, 1963 The average of daily figures of total member bank reserves held during the week ended July 31 decreased a net of $283 million to $19,645 million. Esti­ mated currency and coin of member banks increased $37 million and their reserve balances at the Federal Reserve Banks decreased $320 million. Estimated required reserves decreased $6l million; and estimated excess reserves decreased $222 mil­ lion to $249 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $106 million, compared with the revised figure of $159 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $646 million in Federal Reserve float and $169 mil­ lion in member bank borrowings. The principal offsetting changes were increases of $357 million in U. S. Government securities bought outright and $42 million held under repurchase agreement and a decrease of $137 million in currency in circulation. Total Reserve Bank credit decreased $419 million. As of Wednesday, July 31, holdings of U. S. Government securities bought outright were $574 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $144 million higher, and member bank borrow­ ings were $263 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Ju ly 31, Ju ly 24, Aug. 1, Ju ly 3l) and related items 1962 . 1963 1963 1963 ' (in m illions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 32,044 +357 +2,452 32,324 Held under repurchase agreement 42 + 42 + 42 144 Acceptances-- Bought outright 39 - 1 4 39 Held under repurchase agreement 1 -- Discounts and advances-- -169 Member bank borrowings 143 + 73 338 Other -- - 1 - 15 2 1,101 Float 1,344 -646 Total Reserve Bank credit 33,611 -419 +2,545 33,946 Gold stock -- 15,633 - 535 15,633 Treasury currency outstanding 5,585 + 1 - 19 5,585 HUB 5 M 2 9 +1,992 55,164 Currency in circulation 35,561 -137 +1,748 35,647 + 4 4o4 Treasury cash holdings 395 - 19 Treasury deposits with F. R. Banks 891 + 5 + 463 629 Foreign deposits with F. R. Banks 179 + 11 - 55 182 Other deposits with F. R. Banks 202 + 9 - l4 l 262 Other F. R. accounts (net) 1,069 + 7 + 426 1,070 3^298 - 99 +2,422 38,194 Member bank reserves: -320 With Federal Reserve Banks 16,530 - 432 16,971 Currency and coin (estimated) 3,115 + 37 + 239 3,380 Total reserves held 19,645 -283 - 193 20,351 Required reserves (estimated) 19,396 - 61 8 19,462 Excess reserves (estimated) 249 -222 - 185 889 On Ju ly 31, 1963> U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7;733 m illion, a decrease of $206 m illion for the week and an increase of $1,694 m illion from the comparable Digitized for FRASER date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATE? STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since July 31, 'July'247 Aug. 17 1962 1963 1963 A S S E T S Gold Certificate account l4,032 6 - 633 Redemption fund for F. R. notes 1,314 + 3 + 108 Total gold certificate reserves 15,346 3 - 525 * Cash (422) 359 + 1 - 21 338' + 263 + l44 Discounts and advances Acceptances: Bought outright 39 3 — 1 Held under repurchase agreement U. S. Government securities: Bought outright-- Bills 3, 506 + 574 + 499 Certificates l4,464 +8,719 9,806 -7,535 Notes 4,548 + 682 Bonds Total bought outright 32,324' + 574 +2,365 144 + l44 + l44 Held under repurchase agreement 32,468 + 718 +2,509 Total U. S. Government securities 32,845 + 981 +2,649 Total loans and securities Cash items in process of collection (1,184) 4,907 - 281 + 89 Bank premises 102 4 Other assets 429 + 13 - 339 TOTAL ASSETS (l, 606) 53,988 + 711 +1,8^9 L I A B I L I T I E S (422) 30, 537 + 4 +1,767 Federal Reserve notes Deposits: 16,971 +1,oc6 - 218 Member bank reserves U- S. Treasurer-- general account 629 - 391 + 296 Foreign 182 + 5 - 74 262 + 65 - 82 Other 18,044 + 685 - 78 Total deposits Deferred availability cash items (1,184) 3,806 + 2 + 72 ' 76 + 1 + 10 Other liabilities and accrued dividends TOTAL LIABILITIES (l,606) 52, 463 + ~692 +1,771 c a p i t a l A C C O U N T S Capital paid in 483 + 24 934 + 46 Surplus Other capital accounts 108 + 19 + 8 (1,606) 53,988 + 711 +1,849 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) 31.3 i - -5 $ - 2.2# Contingent liability on acceptances purchased for foreign correspondents 85 -- + 5 * 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 31, 19^3 (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 Discounts and Changes advances Acceptances Holdings during, week Within 15 days 333 11 4,796 +4,242 16 days to 90 days 5 28 1,8o4 -3,816 91 days to 1 year ** -- 15,182 + 292 Over 1 year to 5 years -- -- 8,385 -- Over 5 years to 10 yeai -- 2,120 -- Over 10 years ... 181 -- Digitized for FTRoAtSEaRl "338 39 32,468 + 718 http://fraser.stlouisfed.org/ **Less than $500,COO. Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 31, 1963 San Total Boston Nev 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 Gold certificate account 14,032 763 3,659 697 1,068 853 751 2, 506 499 250 565 490 1,931 Redemption fund for F- R • notes 1,314 77 321 77 115 108 76 22? -5 3 _ _28 52 4l ___ 3.43 Total gold certificate reserves 15,346 84o 3,980 774 1,183 961 827 2,729 552 278 617 531 2,074 F. R. notes of other Banks 422 35 98 51 14 29 35 30 15 35 16 16 48 60 20 10 12 12 Other cash 359 24 67 19 33 24 30 48 Discounts and advances 338 24 16 1 26 56 17 55 23 4 81 10 25 Acceptances: Bought outright 39 -- 39 — -- — — -- -- -- -- -- -- U. S- Government securities: Bought outright-- Bills 3 ,5C6 172 892 190 289 230 193 585 139 69 147 l44 456 Certificates 14,464 711 3,680 783 1,195 952 794 2 , 4i4 575 282 607 591 1,880 Notes 9,806 483 2,495 531 811 645 538 1,637 389 190 4 n 4oi 1,275 Bonds 4. s48 ppL l 1 5fi pL6 376 ?99 P50 759 iRn RR ----ISO— 186 591 Total 1 32,324 1,590 8,225 1,750 2,671 2,126 1,775 5,395 1,283 629 1 ,356 1, 322 4,202 Held under repurchase agreement l44 -- 144 __ -- -- — -- -- -- -- -- -- Total U. S. Government securities 32 ,468 l, 590 8,369 1,750 2,671 2,126 1,775 5,395 1,283 629 -..l,-35_6_ 1. 322 4,202 Total loans and securities 32,845 l, 6l4 8,424 1,751 2,697 2,182 1,792 5,450 1,306 633 1,437 1, 332 4 ,227 Cash items in process of collection 6,091 422 1,122 4l0 508 448 46l 989 253 193 322 302 661 Bank premises 102 3 8 3 7 5 l4 23 6 4 7 12 10 Other assets 429 22 109 24 36 27 24 66 ______ 1 I_ 8 18 ______19— ______5 I_ TOTAL ASSETS 55,594 2,960 13,808 3,032 4,478 3,676 3,183 9,349 2,169 1,161 2,429 2 , 224 7,125 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 31, 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 30,959 1,843 7,450 1,830 2,669 2,482 1,777 5,579 1,268 559 1,219 931 3,352 Deposits: Member bank reserves 16,971 627 4,698 729 1,189 692 866 2,576 6o4 383 815 896 2,896 U.S. Treasurer-general account 629 37 93 38 28 46 56 105 32 27 75 51 4l Foreign 182 8 1/65 9 15 7 9 23 5 4 7 9 21 Other 262 * 204 1 1 4 1 2 1 1 2 1 44 Total deposits 18,044 672 5,060 777 1,233 749 932 2,706 642 415 899 957 3,002 4,990 369 869 335 430 366 385 835 204 150 242 246 559 Deferred availability cash items Other liabilities and accrued dividends 76 4 21 4 6 5 4 12 3 2 3 3 9 TOTAL LIABILITIES 54,069 2,888 13,400 2,946 4,338 3,602 3,098 9,132 2,117 1,126 2,363 2,137 6,922 CAPITAL ACCOUNTS 483 23 129 27 45 23 27 68 17 11 21 28 64 Capital paid in 934 44 251 54 87 44 51 132 32 22 4o 53 124 Surplus 108 5 28 5 8 7 7 17 3 2 5 6 15 Other capital accounts TOTAL LIABILITIES 55,594 2,960 13,808 3,032 4,478 3,676 3,183 9,349 2,169 1,161 2,429 2,224 7,125 CAPITAL ACCOUNTS Contingent liability on accept­ ances purchased for foreign 85 4 2/23 5 8 4 5 12 3 2 3 5 11 correspondents FEDERAL RESERVE AGENT’S ACCOUNTS F. R. notes outstanding 32,457 1,918 7,786 1,911 2,84l 2,612 1,861 5,733 1,339 65 4 1,263 i,cc8 3,531 Collateral for F. R. notes: Gold certificate account 7,163 413 1,600 425 580 605 400 l,4oo 310 130 285 215 800 Eligible paper 105 — l -- -- -- 23 -- 81 -- -- 26,234 1,524 6,300 1,600 2,300 2,035 1,500 4,500 1,100 550 1,000 825 3,cco U. S. Government securities Total collateral 33,502 1,937 7,900 2,026 2,880 2,640 1,900 5,900 1,433 680 1,366 i,o4o 3,800 l/ A fter deducting $117 m illio n participations of other Federal Reserve Banks * Less than $500,000. Digitized fo2r F/R AASfEtRe r deducting $ 62 m illio n participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis