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 A.i August 29, 1963 The average of daily figures of total member bank reserves held during the week ended August 28 decreased a net of $115 m illion to $19,542 m illion. Estimated currency and coin of member banks increased $79 m illion and their reserve balances at the Federal Reserve Banks decreased $194 m illio n. Estimated $86 required reserves decreased m illion; and estimated excess reserves decreased $29 m illion to $375 m illio n. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $101 m illion, compared with the revised figure of $110 m illion the week before. The principal changes reducing average reserve balances with Federal $369 Reserve Banks were a decrease of m illion in Federal Reserve float and an increase of $39 m illion in Treasury deposits with Federal Reserve Banks. The $125 principal offsetting changes were an increase of m illion in holdings of U. S. Government securities and a decrease of $122 m illion in currency in circu­ lation. Total Reserve Bank credit decreased $266 m illion. As of Wednesday, August 28, holdings of U. S. Government securities bought outright were $190 m illion higher than a week earlie r, U. S. Government $50 securities held under repurchase agreement were m illion lower, and member bank borrowings were $282 m illion lower. Outright holdings of b ills , notes, $25 and bonds increased $112 m illion, m illion, and $53 m illion, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, August 28, August 21, August 29, Aug. 28 , and related items 1963 106 l 1962 1963 . (in m illions of dollars) Reserve Bank credit: U. S. Government se curitie s-- Bought outright--System account 32,074 + 110 +2,055 32,183 Held under repurchase agreement 68 + 15 + 68 54 Acceptances--bought outright 36 - 3 + 1 37 Discounts and advances-- 308 Member bank borrowings 274 - 20 + 201 Other 31 + 1 + 12 30 Float 1,426 -369 + 131 1,132 Total Reserve Bank credit 33,901 1266 +2,468 33,744 -- 529 Gold stock 15,583 - 15,583 Treasury currency outstanding 5,586 + 3 - 15 5,583 55,069 1264 + 1,923 5^,910 1,858 Currency in circulation 35,728 -122 + 35,774 Treasury cash holdings 400 + 6 4 4oi Treasury deposits with F. R. Banks 918 + 39 + 4l6 1,015 Foreign deposits with F. R. Banks 162 + 9 - 30 147 Other deposits w ithF.. R. Banks 181 - 4 - 133 188 Other F. R. accounts (net) 1,219 + 2 + 399 1,213 38,608 - 76 + 2,566 38,738 Member bank reserves: 16,461 16,172 With Federal Reserve Banks -194 - 583 Currency and coin (estim ated) 3,081 + 79 + 211 3,407 Total reserves held 19,542 -115 - 372 19,579 Required reserves (estim ated) 19,167 - 86 - 212 19,209 160 Excess reserves (estim ated) 375 - 29 - 370 1963 On August 28, , U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,853 million, a decrease of $8 million for the week and an increase of $1,403 million 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 OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) ______Change since Aug. 28, Aug. 21/ Aug. 29, 1963 1963 1962 A S S E T S Gold certificate account 13,974 — - 637 Redemption fund for F. R. notes 1,317 - 5 •f in Total gold certificate reserves 15,291 - 5 - 326 * Cash (447) 359 + 11 - 35 Discounts and advances 338 -282 220 Acceptances--bought outright 37 + 3 U. S. Government securities: Bought outright-- Bills 3,003 +112 + 33 Certificates 10,732 -- + 1,214 Notes 14,010 + 25 + 277 516 Bonds 4,438 + 53 Total bought outright 32,183 +190 +2,040 Held under repurchase agreement 54 - 50 + 54 Total U. S. Government securities 32,237 +I4o +27094 Total loans and securities* * 32,612 -142 +2,317 Cash items in process of collection (1,144) 4,780 -731 + 365 Bank premises 102 -- - 5 Other assets 288 + 20 - 301 TOTAL ASSETS (1,591) 53,432 ^857 +17515 L I A B I L I T I E S Federal Reserve notes ” (447) 30,659 - 46 ,838 Deposits: Member bank reserves 16,172 -459 - 729 U. S. Treasurer--general account 1,015 + 67 + 525 Foreign 147 - 5 - 22 Other 188 + 10 - 125 | Total deposits 17,522 -38? - 351 , Deferred availability cash items (1,144) 3,648 -429 + 238 Other liabilities and accrued dividends 78 - 1 + 10 TOTAL LIABILITIES (1,591) 51,907 -863 +1■,735 C A P I T A L A C C O U N T S Capital paid in 486 + 1 + 26 Surplus 934 -- + 46 Other capital accounts 105 + 15 + 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,591) 53,432 -847 +1,815 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) 31.4/o + .2/ - 2.1/0 Contingent liability on acceptances purchased for foreign correspondents 88 + 1 + 16 * Figures in parentheses are the eliminations made in the consolidating processj _____see comparable figures on combined basis on the following pages. _________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 28, 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 Discounts and Changes advances Acceptances Holdings during week Within 15 days 30k 10 ----W -129 16 days to 90 days 7 27 5,313 +191 91 days to 1 year 27 -- 13,089 — Over 1 year to 5 years -- 10,866 + 53 Over 5 years to 10 years -- 2,176 + 25 Over 10 years -- -- 199 -- Total 338 37 32,237 +i4o Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST* 28, 1963 H.4.l(b) San Total Boston New Phila­ Cleve­ Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ York delphia land mond Louis apolis C ity cisco (in m illions of dollars) A S S E T S Gold certificate account 13,974 823 3,289 736 1,226 940 768 2,481 544 286 553 1.785 Redemption fund for F . R• notes 1,317 76 316 75 115 113 _J5 231 _______53- 28 51 k2 Total gold certificate reserves 15,291 899" 3,605 811 1,341 1,053 843 2,712 597 314 604 585 1,927 F . R. notes of other Banks 447 48 93 67 17 23 35 32 14 39 17 17 45 Other cash 359 23 66 21 33 24 30 55 23 11 11 14 48 Discounts and advances 338 8 l44 9 7 22 16 16 13 4 51 10 38 Acceptances: Bought outright 37 -- 37 ~ — **■ *** "" U . S - Government securities: Bought o u tright-n m s 3,003 144 762 161 248 197 167 505 119 58 126 122 394 Certificates 10,732 516 2,723 575 886 703 597 1,804 426 208 451 434 1,409 780 272 567 Notes 14,010 674 3,554 750 1,157 918 2,355 557 587 1,839 Bonds 4.438 2l4 1.126 238 366 201 247 746 176._______86- 186 180 58 P._ -Total 32,183 1,548 8,165 1,724 2,657 2,109 1,791 5,410 1,278 624 1,350 1,303 4,224 Held under repurchase agreement 54 _ —, 54 «. — • * — -- - - -- - - . . — Total U - S. Government securities 32,237 1,548 8.219 1,724 2,651. 2.109 -L J 9 i_ 5.410 - 1 , 218 . 624 1.350. 1,,-3.0-3- 4.224 To tal loans and securities 32,612 1,556 8,400 1,733 2,664 2,131 1,807 5,426 1,291 628 1,401 1,313 4,262 Cash items in process of collection 5,924 459 1,123 365 479 420 46l 899 255 189 328 305 64l Bank premises 102 3 8 3 7 5 l4 23 6 4 7 12 10 Other assets 288 13 74 15 25 19 ___17— __ 45 12 _________1 _______ 13.______13________3X— TOTAL ASSETS 55,023 3,001 13,369 3,015 4,566 3,675 3,207 9,192 2,198 1,190 2,381 2,259 6,970 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 28, 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 dollLars) L I A B I L I T I E S Federal Reserve notes 3l,ic6 1,832 7,^83 1,82k 2,685 2,506 1,78k 5,62k 1,269 555 1,219 937 3,388 Deposits: Member bank reserves 16,172 592 k,270 718 l,2k0 682 876 2,k6o 609 399 787 915 2,62k U.S. Treasurer-general account 1,015 91 187 72 87 57 72 106 5k kk 55 5k 136 Foreign lhj 7 l/bl 8 lk 7 8 21 5 3 6 8 19 188 * 130 1 * 2 1 1 * 1 2 2 k8 Other Total deposits 17,522 690 k,628 799 l,3kl 7k8 957 2,588 668 kk7 850 979 2,827 Deferred availability cash items ^,792 k03 830 302 39^ 3^1 377 751 205 151 2k3 253 5k2 Oth d e iv r i d l e ia n b d i s lities and accrued 78 b 20 k 6 5 k 12 3 2 3 k 11 TOTAL LIABILITIES 53, ^98 2,929 12,961 2,929 k,k26 3,600 3,122 8,975 2,lk5 “ 1,155 2,315 2,173 6,768 CAPITAL ACCOUNTS Capital paid in k86 23 130 27 k5 2k 27 69 17 11 21 28 6k Surplus 93k bb 251 5b 87 kk 51 132 32 22 ko 53 12k Other capital accounts 105 5 27 5 8 7 7 16 k 2 5 5 lk TOTAL LIABILITIES AND CAPITAL ACCOUNTS 55,023 3,001 13,369 3,015 k, 566 3,675 3,207 9,192 2,198 1,190 2,381 2,259 6,970 Contingent liability on accept­ ances purchased for foreign correspondents 88 b 2/2b 5 8 k 5 12 3 2 k 5 12 FEDERAL RESERVE AGENT’S ACCOUNTS F. R. notes outstanding 32,568 1,909 7,817 1,903 2,852 2,631 1,86k 5,782 1,327 w r 1,263 1,C15 3,558 Collateral for F. R. notes: Gold certificate account 7,183 k33 1,600 k25 58O 605 kCO i,koo 310 130 285 215 800 Eligible paper 68 -- -- 7 — -- -- -- 12 — k9 — — mm — U. S. Government securities 26,21k l.kgk 6,300 1,600 2,300 2,ck5 1,500 k,500 1,100 550 1,000 825 3,000 Total collateral 33,^65 1,927 7,900 2,032 2,880 2,650 1,900 5,900 l,k22 680 1,33^ i,oko 3,8cc l/ After deducting $106 million pa;rticipations of other Federal Reserve Ba,nks. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis