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 1963 H.4.1 August 22, The average of daily figures of total member bank reserves held during the week ended August 21 decreased a net of $57 m illion to $19,647 m illion. E s ti­ $38 mated currency and coin of member banks increased m illion and their reserve balances at the Federal Reserve Banks decreased $95 m illion. Estimated required $32 $89 reserves increased m illion; and estimated excess reserves decreased m il­ $389 lion to m illio n. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $95 m illion, compared with the revised figure of $126 m il­ lion the week before. The principal changes reducing average reserve balances with Federal $289 Reserve Banks were decreases of m illion in U. S. Government securities bought $58 $35 outright, m illion in member bank borrowings, and m illion in gold stock, and an increase of $180 m illion in "other" F. R. accounts (n e t). The principal offsetting changes were an increase of $420 m illion in Federal Reserve float and a decrease of $29 m illion in currency in circulation. Total Reserve Bank credit $92 increased m illio n. As of Wednesday, August 21, holdings of U. S. Government securities bought outright were $126 m illion lower than a week earlier, U. S. Government $95 securities held under repurchase agreement were m illion higher, and member bank borrowings were $46l m illion higher. Outright holdings of b ills , certificates, $217 3*732 $275 and bonds decreased m illion, $ million*and m illion, respectively, and notes increased $4,098 m illion. Changes in holdings of certificates, notes* 3*732 and bonds largely reflected the exchange of $ m illion of certificates and $343 m illion of bonds which matured August 15 for $4,075 m illion of 3“3/4 per cent 15 notes maturing November , 1964. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Aug. 21, Aug. 14, Aug. 22, Aug. 21, and related items 1963 ______ 1963 ____ 1962 1963 0In m illions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 31*964 -289 +2, 074 31*993 Held under repurchase agreement 53 + 20 + 4l io4 1 Acceptances--bought outright 39 - 2 + 37 1 Discounts and advances-- Member bank borrowings 294 - 58 + 138 590 Other 30 + 15 30 Float 1*787 +420 + 103 1,434 Total Reserve Bank credit 34,167 + 92 +2,372 34 ,188 Gold stock 15*583 - 35 - 564 15*583 Treasury currency outstanding 5,583 + 2 - 14 5,585 55*333 + 59 +1*793 55,356 35,826 Currency in circulation 35,850 - 29 +1,847 12 Treasury cash holdings 394 + 3 403 Treasury deposits with F. R. Banks 879 + 9 + 326 1 948 152 Foreign deposits with F. R. Banks 153 - 14 - 36 ! Other deposits with F. R. Banks 185 - 3 - 140 | 178 +180 ,218 Other F. R. accounts (net) 1,217 + 390 | l 38 , 678 " +154 + 2,385 38,725 Member bank reserves: With Federal Reserve Banks 16,655 - 95 - 592 16,631 Currency and coin (estimated) 2,992 + 38 + 229 3,308 Total reserves held 19*647 - 57 - 363 19*939 Required reserves (estimated) 19*258 + 32 - 210 19,286 Excess reserves (estimated) 389 - 89 - 153 653 1963 On August 21, * U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,861 m illion, an increase of $1 1,396 m illion for the week and an increase 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 STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE EANKS (in m illions of dollars) Change since Aug. 21, Aug. l4, Aug. 22," 196£ 1963 1963 A S S E T S 11 - 687 13,974 R G e o d ld e m c p e ti r o t n if i f c u a n t d e fo ac r c F ou . n R t . notes 1,322 + 8 + 112 Total gold certificate reserves 15,296 - 3 - 575 (415) 348 + 9 - 47 Cash 620 + 46l + 72 Discounts and advances 37 - 2 + 1 Acceptances--bought outright U. S. Government securities: Bought o utright-- 2,891 217 + l4 B ills Certificates 10,732 -3 ,732 +1,244 Notes 13,985 + 4,098 + 346 516 Bo T n o ds tal bought outright 3 4 1 , , 3 9 8 9 5 3 I 27 2 5 6 + + 2,120 1C4 + 95 + 19 Held under repurchase agreement Total U. S. Government securities 32,097 - 31 +2,139 2,212 Total loans and securities 32,754 + 428 + Cash items in process of collection (1,267) 5,511 637 + 544 102 5 Bank premises Other assets 268 - 205 - 293 1,836 TOTAL ASSETS (1,682) 541279 - ~4o8 + L I A B I L I T I E S (415) 30,705 - 79 +1,847 Federal Reserve notes Deposits: 16,631 + 432 - 707 Member bank reserves 948 - 104 + 355 U. S. Treasurer--general account 18 Foreign 152 — - Other (**) 178 15 - 138 508 Total deposits (**) 17,909 + 313 - 665 + 405 Deferred a va ila b ility cash items (1,267) 4,077 Other lia b ilitie s and accrued dividends 79 + 2 + 11 TOTAL LIABILITIES (1,682) 527770 - +1,755 C A P I T A L A C C O U N T S 1 25 + Capital paid in + 46 Surplus 20 10 + Other capital accounts 1,836 (1,682) —~~4o5 + TOTAL LIABILITIES AND CAPITAL ACCOUNTS 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 lowing pages--not consolidated) 31.270 .2 io - 2.17 Contingent lia b ility on acceptances purchased 87 + 13 for foreign correspondents * Figures in parentheses are the elim inations made in the consolidating process; see comparable figures on combined basis on the following pages. ______________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 21, 1963_ (Acceptances and securities held under repurchase agreement are classified 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 W ithin 15 days 586 9 723 -3,914 6 90 28 5,122 +3,662 l days to days 4 91 days to 1 year 30 -- 13,089 -2,063 Over 1 year to 5 years -- 10,813 +2,337 Over 5 years to 10 years5 -- 2,151 - 57 Over 10 years — -- 199 + 4 T o t a l ___________ "620 37 32,097 31 ** Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 21, 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 Gold certificate account 13,974: 780 3,524 663 1,163 863 721 2,446 511 257 553 512 1,981 Redemption fund for F • R • notes 1,^22 76 ^17 76 116 114 75 _ -232 53 .____2.8_ 51 ....42— i4p . Total gold certificate reserves 15,296 856 3,84l 739 1,279 977 796 2,678 564 285 6o4 554 2,123 F. R- notes of other Banks 415 *6 90 62 13 23 34 31 12 34 17 15 4l Other cash 348 23 64 20 32 23 30 54 23 10 10 13 46 Discounts and advances 620 33 l46 36 20 82 24 54 21 32 67 45 60 Acceptances: Bought outright 37 37 — — _ — - - _ - ... -- U. S. Government securities: Bought outright— Bills 2,891 139 734 155 239 189 161 486 115 56 121 117 379 Certificates 10,732 516 2,723 575 886 703 597 1,804 426 2C8 451 434 1,409 Notes 13,985 672 3,548 749 1,154 917 778 2,351 556 271 5§7 566 1,836 Bonds 4,385 211 1,112 235 362 288 244 737... 174 8 l_ 184 178 _____515- 1,780 620 1,295 Total 31,993 1,538 8,117 1,714 2,641 2,097 5,378 1,271 1,343 4,199 Held under repurchase agreement 104 - - 104 -- -- -- -- -- -- .. .. -- - - 1,780 620 Total U. S. Government securities 32,097 1,538 8,221 1,714 2,641 2,097 ..5.;.378_ 1,271 ..-3*343- 1,295 4,199, . Total loans and securities 32,754 1,571 8,4o4 1,750 2,661 2,179 1,804 5,432 1,292 652 l,4 l0 1,340 4,259 Cash items in process of collection 6,778 506 1,233 433 575 502 516 1,054 277 212 371 334 765 Bank premises 102 3 8 3 7 5 14 23 6 4 7 12 10 Other assets 268 13 69 14 23 17 l6 4o 11 12 13 35 TOTAL ASSETS 55,961 3,015 13,709 3,021 4,590 3,726 3,210 9,312 2,185 1,202 2,431 2,281 7,279 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 21, 1963 H.4.1(c) San Total Boston N Yo e r w k d P e h l i p l hi a a ­ Cl l e a v n e d ­ R m i o c n h d ­ Atlanta Chicago L S o t u . is M a i p n o n li e s ­ Ka C n i s t a y s Dallas F c r is a c n o ­ (In millions of dol.Lars) l i a b i l i t i e s 31,120 1,838 7,482 1,826 2,690 2,500 1,784 5,629 1,271 557 1,222 940 3,381 Federal Reserve notes Dep M o e s m i b t e s r : bank reserves 16,631 576 4,581 716 1,224 691 843 2,457 582 386 801 928 2,846 U.S» Treasurer-general account 948 85 144 52 53 72 66 121 52 57 6l 46 139 Foreign 152 7 1/46 8 l4 7 8 21 5 3 6 8 19 Other 178 1 120 * 1 3 l 2 * 1 2 1 46 Total deposits 17,909 669 4,891 776 1,292 773 918 2,601 539“ 447 870 983 3,050 Deferred availability cash items 5,344 433 913 330 463 374 420 854 220 161 270 269 637 Other liabilities and accrued dividends 79 4 19 4 7 5 4 14 3 2 3 3 11 TOTAL LIABILITIES 54,452 2,944 13,305 2,936 4,452 3,652 3,126 9,098 2,133 1,167 2,365 2,195 7,079 CAPITAL ACCOUNTS Capital paid in 485 23 130 27 45 23 27 69 17 11 21 28 64 Surplus 934 44 251 54 87 44 51 132 32 22 4o 53 c 124 Other capital accounts 90 4 23 4 6 7 6 _ 13. ___3 2 ______L. 12 TO C T A A P L I L T I A A L B A I C L C I O T U I N E T S S AND 55,96i 3,015 13,709 3,021 4,590 3,726 3,210 9,312 2,185 1,202 2,431 2,281 7,279 Contingent liability on accept­ ances purchased for foreign 87 4 2/23 5 8 4 5 12 3 2 4 5 12 correspondents FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 32,5^1" 1,909 7,808 1,909 2,860 2,626 1,861 5,790 1,329 648. 1,262 1,660 3,539 Collateral for F. R. notes: Gold certificate account 7,183 433 1,600 425 580 605 400 1,400 310 130 285 215 800 20 65 U E . l ig S. i bl G e o v p e a r p nm e e r n t securities 26, 1 2 2 1 0 4 1,494 6,300 1,60 35 0 2,300 2,045 1,500 4,500 1,100 550 1,000 825 3,000 Total collateral 33,517 1,927 7,900 2,060 2,880 2,650 1,900 5,900 1,430 680 1,350 1,040 3,800 JLI rl-L OCX -X.V/V/ U1XX«LJ>VU —--------- - ---------- * Less than $500,000. 2/ After deducting J$ 64million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis