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 15, 1963 The average of daily figures of total member bank reserves held during 19,685 the -week ended August l4 decreased a net of $229 m illion to $ m illion. $76 Estimated currency and coin of member banks increased m illion and their reserve balances at the Federal Reserve Banks decreased $305 m illion. Estimated $201 required reserves decreased m illion; and estimated excess reserves decreased $28 m illion to $454 m illion. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $102 m illion, compared with the revised figure of $84 m illion the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $120 m illion in U. S. Government securities bought outright and $37 m illion held under repurchase agreement and $46 m illion in member $176 bank borrowings, and increases of m illion in currency in circulation and $128 m illion in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $79 m illion in Federal Reserve float, and decreases of $62 m illion in "other" deposits with Federal Reserve Banks and $34 m illion in "other" F. R. accounts (n et). Total Reserve Bank credit decreased $99 m illion. As of Wednesday, August l4, holdings of U. S. Government securities bought outright were $197 m illion lower than a week earlie r, U. S. Government securities held under repurchase agreement were $44 m illion lower, and member bank borrowings were $895 m illion lower. Outright holdings of b ills decreased $251 $17 $37 m illion; notes and bonds increased m illion and m illion, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, August 14, August 7, August 15 , August 14, and related items 1968 1968 ........1962_____ 19.6.8 _ _ (in m illions of dollars) Reserve Bank credit; U. S. Government securities-- -120 Bought outright--System account 32,253 +2,093 32,119 16 Held under repurchase agreement 33 - 37 + 9 Acceptances--bought outright 4 l - - 39 Discounts and advances— 222 129 Member bank borrowings 352 - 46 + Other 30 + 25 + 15 30 Float 1,367 + 79 + 88 l,4o6 Total Reserve Bank credit 34,675 - 99 4^7433 33,732 15,618 Gold stock - 15 - 530 15,583 6 5,581 Treasury currency outstanding 5,581 - - 15 -120 1,888 577896 55727^ + Currency in circulation 35,879 +176 + 1,820 35,918 Treasury cash holdings 382 - 20 20 392 Treasury deposits with F. R. Banks 870 +128 + 272 1,052 167 31 152 Foreign deposits w ith F. R. Banks - 3 “ Other deposits with F. R. Banks 188 - 62 - 187 193 Other F. R. accounts (net) 1,037 - 34 + 334 990 38,524 +186 + 2,188 38,697 Member bank reserves: With Federal Reserve Banks 16,750 -305 - 300 16,199 76 172 3,288 Currency and coin (estimated) 2,935 + + Total reserves held 19,685 -229 - 128 19,487 -201 19,280 Required reserves (estimated) 19,231 + 15 28 207 Excess reserves (estimated) 454 - - 143 1963 On August l4 , , U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,860 m illion, an increase of $7 1,562 m illion for the week and an incx'ea.se of $ m illion from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STAtfEto OF CONDITION OF THE,TWELVE.FEDERAL RESERVE RANKS (In millions of dollars) OiicniKc: D lUVxC. Aug. 14, Aug. 7 , Aug. 15 , 1963 1963 1962 A S S E T S 687 13,985 - 46 - Gold certificate account 1,314 + 9 + 115 Redemption fund for F. R* notes Total gold certificate reserves 15,299 - 37 - 572 10 - 43 (367) 339 Cash - 9 C 0 - 170 159 Discounts and advances 39 Acceptances--bought outright U. S. Government securities: Bought outright— 3,108 - 251 - 39 B ills ,976 14,464 +4 Certificates 9,887 + 17 -3,752 Notes 4,660 + 37 + 791 Bonds 32,119 - 197 +1,976 Total bought outright 112 - 44 - Held under repurchase agreement _______9 32,128 1 241 +1,864 Total U. S. Government securities 1,694 32,326 -1,14.1 + Total loans and securities ( 1 . 223 ) 6,148 + 1,226 + 287 Cash items in process of collection 102 _ - 4 Bank premises 68 Other assets 473 + 19 1,294 TOTAL ASSETS (1.590) 54,687 + 57 + L I A B I L I T I E S 367 + 68 + 1,829 ( ) 30,784 Federal Reserve notes Deposits: 1,174 16,199 - 977 - Member bank reserves 1,052 + 111 + 455 U. S. Treasurer--general account 26 152 - 46 Foreign 6 193 + - 143 Other 17,598 - 90 b 7 888 Total deposits 269 Deferred a va ila b ility cash items ( 1 . 223 ) 4,742 + 951 + 1 Other lia b ilitie s and accrued dividends 77 + + 7 TOTAL LIABILITIES (1.590) 53,199 C A P I T A L A C C O U N T S 484 Capital paid in 934 Surplus 70 Other capital accounts — _ _ TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,590) 54,687 Ratio of gold certificate reserves to deposit andF. R. note lia b ilitie s combined (com­ puted from figures as shown on the fo l­ 31*4% lowing pages--not consolidated) Contingent lia b ility on acceptances purchased for foreign correspondents 87 + H 1—1 -=3r +1,217 + 24 — + 46 r*7 - 57 ■t* ( +1,294 + 57 1 8 + .51o - . # * Figures in parentheses are the elim inations made in the consolidating process; see comparable fig ures on combined basis on the fo llowing pages. MATURITY niGTRTBUTION OF LOANS AND SECURITIES, AUGUST l4,__1963 _ ^ (Accep hances and securities held under repurchase agreement are classilied as 15 maturing w ithin days in accordance with maximum m aturity of the agreements.) U. S. Government securities Changes Discounts and advances Acceptances Holdings during week 225 8 4; 637 7li4 W ithin 15 days 1,460 -168 16 days to 90 days 5 31 91 days to 1 year 30 - - 15,152 - 13 ** *• 8,476 + 24 O O v v e e r r 1 5 y y e ea a r r s to to 5 1 y 0 e y a e rs ars -- 2,208 + 26 Over 10 years -- -- 19? + 4 32,128 -241 Digitized for FRTAoSEtRa l 159 39 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST l4, 1963 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis C ity Dallas Fran- _£lS-OQ-------- ( In m illions of dollars) A S S E T S Gold certificate account 13,985 885 3,099 730 1,155 967 744 2,372 523 294 666 536 2,014 Redemption fund for F. R. notes 1 ,314 76 318 76 116 105 75 232 ........52...._ 28 _ 52 _____-4 2 - 142_____ Total gold certificate reserves 15,299 9 bl 3,417 806 1,271 1,072 819 2,604 575 322 718 578 2,156 F. R • notes of other Banks 367 35 86 54 11 22 29 26 10 30 15 12 37 Other cash 339 22 62 18 31 22 28 56 22 9 10 11 48 6 2 6 16 21 12 Discounts and advances 159 13 4 15 23 38 3 Acceptances: Bought outright 39 -- 39 — -- -- -- — “ — — “ „ U- S. Government securities: Bought outright-- B ills 3,108 149 789 166 257 204 173 523 123 60 130 126 408 Certificates 14,464 696 3,669 775 1,194 948 805 2,431 575 280 607 586 1,898 Notes 9,887 475 2,508 530 816 648 550 1,662 393 192 415 400 1,298 Bonds ^,660 224 1,183 249 384 305 259 ........_I8_3_ 185 . 91- 19£_ i8q ? Total 32,119 1,544 8,149 1,720 2,651 2,105 1,787 5,399 1,276 623 1,548 i,3 0 i 4,216 Held under repurchase agreement ,' 9 ^ — 9 _ _ _ _ _ - - -- -- -- -- -- Total U. S. Government securities 32,128 1,544 8,158 1.720 2.651 2.105 1,787.. 5.399- 1 ,. 2 Z 6 — 62 R 1,.348- 1 , 301 - 4,216 ....... Total loans and securities 32,326 1,550 8,210 1,722 2,655 2,120 1,810 5,4-37 1,282 626 1,364 1,322 4,228 Cash items in process of Ban c k o l p le re c m ti i o s n es 7,3 1 7 0 1 2 478 3 1,316 8 521 3 58 7 4 565 5 5 1 84 4 1,16 2 7 3 364 6 229 4 352 7 34 12 8 86 10 3 Other assets 473 23 120 26 40 29 27 77 19 10 20 .______ 2 . 0 — -62 _______ TOTAL ASSETS 56,277 3,072 13,219 3,150 4,599 3,835 3 ,3 H 9,390 2,278 1,230 2,486 2,303 7,404 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST l4, 1963 H.1(c) San New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston York delphia land mond Louis apolis C ity cisco 3 (in m illion! of dollars) L I A B I L I T I E S Federal Reserve notes 31,151 1,8*6 7,^78 1,830 2,692 2,496 1,792 5,629 1,274 558 1,226 940 3,393 De M p F U o e o . s m S r i b e . t e i s r T g : r n b e a a n s k u re re r s - e g r e v n e e s ral account 1 1 6 , , 0 1 1 5 9 5 2 9 2 67 5 2 2 * 7 3 1 ,9 / 1 1 6 4 9 2 1 0 6 7 74 6 0 8 7 2 1,19 6 1 6 * 4 l 7 12 1 2 6 3 7 88 6 0 8 7 1 2,4 1 0 5 2 2 5 1 2 6 4 0 5 2 5 l 40 4 5 8 3 1 84 6 7 8 6 2 91 6 l 8 1 1 2,8 1 6 1 1 5 6 7 3 9 Ot T h o er tal deposits IT , 1 5 9 9 3 6 731 4,324 817 1,271 848 956 2,580 653 457 923 981 3,055 178 269 294 746 Deferred availability cash items 5,965 b2b 1 ,CG 1 415 492 4l4 476 959 297 Oth d e iv r i d l e i n a d b s ilities and accrued 5^,78 7 9 7 3,002 b 12 , 62 1 0 7 " 3 ,c 6 4 6 4,462 7 3,763 5 3,228 4 9,18 1 0 2 2,22 3 7 1,195 2 2,421 3 2,218 3 7,20 13 7 TOTAL LIABILITIES CAPITAL ACCOUNTS 68 11 21 28 64 C S O a u t p r h i p e l t r u a s l c a p p a i i t d a l i n a ccounts h 9 - 3 7 Si 4 0 f 2 b 3 b 3 1 2 3 5 1 0 8 1 2 54 7 3 4 8 5 7 5 2 4 3 4 5 2 5 7 1 5 13 1 2 0 1 3 7 2 2 22 2 40 4 53 4 124 9 TO C TA A L P I L TA IA L B A I C L C IT O I U E N S T S AND / 5 w 6 7 , 27 1 7 1 3,072 13,219 3,150 4,599 3,835 3,311 9,390 2,278 1,230 2,486 2,303 7,4c4 Contingent liability on accept­ a c n o c r e r s e s p p u o r n c d h e a nt s e s_ d _ _ f _ o _ r _ _ f _ o _ r _ e _ i _ gn _ 87 b 2/23 5 8 4 5 12 3 2 4 5 12 FEDERAL RESERVE AGENT'S ACCOUNTS 32,546 1,917 7,777 1,908 2,854 2,627 1,874 5,784“ 1,337 650 1,261 1,005 3,552 F. R. notes outstanding C o E G ll l o a i l g d t i e b c r l a e e l r t p f if o a i r p c e a F r t . e R a . c n co o u te n s t : 2 7 6 , 1 2 8 2 l 3 0 4 433 1 6 , , 6 3 c 0 o 0 1, 4 6 2 c 5 X o 2, 5 3 8 0 0 0 2, 6 0 0 5 5 5 1, 4 5 c 0 c 0 4 i , ,4 5 c 0 o 0 1, 3 1 1 0 0 0 6 1 5 3 5 0 0 1, 2 0 8 1 0 5 3 0 2 8 1 2 5 5 3, 8 0 0 0 0 0 U. S* Government securities l,5 C k 33, *67 1,937 7,900 2,026 2,880 2,660 1,900 5,900 1,416 680 1,298 i,o4o 3 , 8 co Total colla te ra l if After deducting $106 million participations of other Federal Reserve Banks. * Less than $ 500 ,0C0. 2/ After deducting $ 6b million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis