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 F°r immediate release 1963 August 8, The average of daily figures of total member bank reserves held during 7 the week ended August increased a net of $249 m illion to $19,897 m illion. $276 Estimated currency and coin of member banks decreased m illion and their $525 reserve balances at the Federal Reserve Banks increased m illion. Estimated required reserves increased $54 m illion; and estimated excess reserves increased $195 m illion to $1*87m illion. Excess reserves exceeded member bank borrowings at $89 the Federal Reserve Banks by m illion, compared with the revised figure of $ll*9 m illion the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $329 m illion in U. S. Government securities $28 $255 bought outright and m illion held under repurchase agreement and m illion in member bank borrowings, and a decrease of $149 m illion in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $56 m illion in Federal Reserve float, and increases of $142 m illion in currency in circulation and $48 m illion in "other" deposits with Federal Reserve Banks. $563 Total Reserve Bank credit increased m illion. 7 As of Wednesday, August , holdings of U. S. Government securities $8 bought outright were m illion lower than a week earlier, U. S. Government securities held under repurchase agreement were $91 m illion lower, and member $686 bank borrowings were m illion higher. Outright holdings of b ills decreased *7 $ll m illion; notes and bonds increased $64 m illion and $75 m illion, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Aug. 7, July 31, Aug. 8, Aug. 7, 1962 and related items 1963 1963 1963 (In millions of dollars; Reserve Bank credit: Ui S. Government securities-- Bought outright--System account 32,373 +329 +2,179 32,316 Held under repurchase agreement 7° + 2b + 70 53 Acceptances-- Bought outright 4 l + 2 3 39 Held under repurchase agreement -- -- * "* ** Discounts and advances-- Member bank borrowings 398 +255 + 242 1,024 10 Other 5 + 5 35 Float 1,288 - 56 + 138 1,131 Total Reserve Bank credit ■POT* +553 +2,615 34,598 Gold stock 15,633 -- - 515 15,633 Treasury currency outstanding 5,587 + 2 16 5,589 55,820 55,394 +565 +2,084 Currency in circulation 35,703 +142 + 1,765 35,849 Treasury cash holdings 402 + 7 - 15 4o4 Treasury deposits with F. R. Banks 742 -149 + 254 941 198 Foreign deposits with F. R. Banks 170 - 9 - 47 Other deposits with F. R. Banks 250 + 48 81 187 Other F. R. accounts (net) 1,071 + 2 + 379 1,065 357338 +“ 5o +2,254 38,644 Member bank reserves: 171 With Federal Reserve Banks 17,055 +525 - 17,176 Currency and coin (estimated) 2,842 -276 + 253 3,025 20,201 Total reserves held 19,897 +24-9 + 82 Required reserves (estimated) 19,410 + 54 + 85 19,364 Excess reserves (estimated) 487 +195 3 837 * Less man $500,000. On August 7, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,853 million, an increase of $120 million for the week and an increase of $1,601 million from the comparable Digitized for FRASER 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 ntillidhs of dollars) Charige . since Aug. 7,. July 31, Aug. 8, ■L9&3— 1963___ 19.6.2__ A S S E T S 11,031 - 1 - 612 Gold certificate account 1,305 - 9 + 101 Redemption fund for F. R. notes 157336 - 16 - 538 Total gold certificate reserves 7v Cash (37I) 3I9 - 10 - 38 1,059 +721 + 112 Discounts and advances 3 Acceptances— bought outright 39 U. S. Government securities: Bought outright— -117 + 182 Bills 3,359 ll,161 - - +8,693 Certificates 9,870 + 61 -7,186 Notes 1,623 + 75 + 75l Bonds Total bought outright 32,318 T~8 +2,ll3 Held under repurchase agreement 53 - 91 + 53 +2,196 Total U. S. Government securities 32,369 - 99 +622 +2,605 Total loans and securities 33,167 Cash items in process of collection (997) 1,922 + 15 + 126 102 -- 4 Bank premises Other assets I5I + 25 - 271 T6I2 +2,i77 TOTAL ASSETS (1,371) 51,630 L I A B I L I T I E S Federal Reserve notes (37l) 30,716 +179 +l,75l Deposits: Member bank reserves 17,176 +205 - 91 U. S. Treasurer--general account 9ll +312 + 319 198 + 16 + 1 Foreign 187 - 75 - 153 Other 18,502 TT58 + 106 Total deposits Deferred availability cash items (997) 3,791 - 15 + 229 Other liabilities and accrued dividends 76 -- + 7 +622“ +2,096 TOTAL LIABILITIES (1,371) 53,085 C A P I T A L A C C O U N T S Capital paid in 181 + 1 + 2! Surplus 93l -- + 16 Other capital accounts 127 + 19 + 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTSi((11,,337711)) 5511,,663300 +612 +2,177 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shown on the fol­ 2 J lowing pages--not consolidated) 30.9$ Contingent liability on acceptances purchased 5 __for foreign correspondents ®5 * Figures in parentheses are the eliminations made in the consolidating process, see comparable figures on combined basis on the following pagej3. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST Ti_._I9.63 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreemen s.) , U. S. Government securities Changes Discounts and advances Acceptances Holdings during week Within 15 days 1,018 10 4,751 - 45 -176 16 days to 90 days 11 29 1,628 91 days to 1 year 30 15,165 - 17 Over 1 year to 5 years 8,152 + 67 2,182 + 62 Over 5 years to 10 years + 10 Over 10 years 191 Total 1,059 39 32,369“ - 99 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 7, 1903 H.4.1(b) 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 Gold certificate aceount 14,031 870 3,504 739 1,106 920 757 2,290 525 298 578 544 1,990 Red T e o m t p a t l i o g n o l f d u c n e d r t f i o f r i F c . a t R e . r n e o s t e e r s v es '15^33^ --- 9 -- 7 4 i 6 ^ 6 __ 3,82 Q 3 81 vA 5 1,2 n 2 2 6 1,0 1 2 0 6 6 8 7 32 ^ 2,5 2 1 2 2 2 . __ 57 13 8 32 2 6 8 6 _ 2 5 9 1_ 5 4 85 l 2,0 1 4 4 2 2 F. R. notes of other Banks 374 34 86 54 11 22 31 28 11 32 15 13 37 Other cash 349 23 65 18 32 23 30 57 21 10 11 11 48 Discounts and advances 1,059 143 255 3 59 85 42 279 24 16 53 22 78 Acceptances: Bought outright 39 39 U. S. Government securities: Bought outright— B C i e l r l t s ificates Ik 3, , 3 4 5 6 9 4 1 6 6 96 1 3,6 8 6 5 9 3 1 7 8 7 0 5 1,1 2 9 7 4 7 2 9 2 4 0 8 1 8 8 05 7 2,4 5 3 6 1 5 1 5 3 7 3 5 2 6 8 5 0 l 6 4 07 l 1 5 3 8 6 6 1,8 4 9 4 8 l Notes 9,870 475 2,504 529 815 647 549 1,659 392 191 4l4 4co 1,295 Bonds k.623 222 1,173 247 382 303 257 777 184 -90- _!2k_ 187 607 Total 32,316 1,554 8,199 1,731 2,668 2,118 1,798 5,432 1,284 626 1,356 1,309 4,241 Held under repurchase agreement S3 53 Total U. S. Government securities 32,369 1,554 8,252 1,731 2,668 2,118 1,798 5,432 1,284 626 _ 1 t35£_ 1,309. 4,241 Total loans and securities 33,^67 1,697 8,546 1,734 2,727 2,203 l,84o 5,711 1,308 642 1,409 1,331 4,319 Cash items in process of B O a t n h c k e o l r p l r a e e s c m s t i e i s t o e s n s 5,9 1 -kr 1 0 5y 9 - 2 kr 4 2 34 2 3 1,0 1 6 1 6 8 7 37 2 5 4 3 4 3 78 9 7 43 2 3 8 5 47 l 2 4 7 6 ______ 8 _ 8 H 23 2 _ 26 17 3 6 ______ 1 __ 87 2 4 _ 33 2 7 7 0 2 1 2 78 2 0 ______ 7 _ 0 1 5 9 0 2_ TOTAL ASSETS 56,001 3,159 13,7H . 3,023 4,516 3,740 3,250 9,286 2,204 1,210 2,428 2,250 7,224 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 AUGUST 7, 1963 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston Atlanta Chicago 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 31,090 1,844 7,470 1,828 2,681 2,494 1,788 5,606 1,271 560 1,225 938 3,385 Federal Reserve notes Deposits: 17,176 784 4,654 745 1,210 749 892 2,547 605 4C8 800 927 2,855 Member bank reserves 941 54 202 46 57 62 74 125 4 9 51 83 48 90 U.S. Treasurer-general account 198 9 1/59 11 18 9 10 27 7 4 8 11 25 Foreign Other 187 l 123 1 1 4 2 1 l * 2 1 50 Total deposits 18,502 848 5,038 803 1,286 824 978 2,700 662 893 987 3,020 4,788 390 770 301 401 34l 394 747 215 150 240 235 6o4 Deferred availability cash items Other liabilities and accrued 76 4 19 4 6 5 4 13 3 2 3 3 10 dividends TOTAL LIABILITIES 54,456 3,086 13,297 2,936 4,374 3,664 3,164 9,066 2,151 1,175 2,361 2,163 7,019 CAPITAL ACCOUNTS 484 23 130 27 45 23 27 68 17 11 21 28 64 Capital paid in surplus 934 44 251 54 87 44 51 132 32 22 4o 53 124 127 6 33 6 10 9 8 20 4 2 6 6 17 Other capital accounts TOTAL LIABILITIES AND 56,001 3,159 13,7H 3,023 4,516 3,74o 3,250 9,286 2,2C4 1,210 2,428 2,250 7,224 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 .7. R. notes outstanding 32,451 1,915 7,789 1,904 2754T--2;622.' 1,866 " 5,754 1,332 652 1,264 1,003 3,526 Collateral for F. R. notes: Gold certificate account 7,163 413 1,600 425 580 605 4co l,4co 310 130 285 215 800 Eligible paper 80 -- — 3 -- -- -- -- 24 — 53 - - — — 26,224 1,514 6,300 l, 6co 2,300 2,035 1,500 4,500 1,100 550 1,000 825 3,cco U. S. Government securities Total collateral |33,467 1,927 7,900 2,028 2,880 2,640 1,900 5,900 1,434 680 1,338 i,o4o 3,800 l/ After deducting $139 million participations of other Federal Reserve Banks. * 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