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*... September 5, 19^3 The average of daily figures of total member bank reserves held during the week ended September 4 increased a net of $115 million to $19,667 million. Estimated currency and coin of member banks decreased $113 million and their reserve balances at the Federal Reserve Banks increased $228 million. Estimated required reserves increased $72 million; and estimated excess reserves increased $43 million to $447 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $122 million, compared with the revised figure of $130 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $190 million in U. S. Government securities bought outright and $106 million held under repurchase agreement and $51 million in member bank borrowings, and a decrease of $112 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $70 million in Federal Reserve float and an increase of $151 million in currency in circulation. Total Reserve Bank credit increased $279 million. As of Wednesday, September 4, holdings of U• S. Government securities bought outright were $176 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $28l million higher, and member bank borrowings were $126 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Sept'. 4, August 28, Sept. 5, Sept. 4, and related items iq6^ 1963. 1962 1963 ... (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outrigjit--System account 32,264 +190 +2,000 32,359 Held under repurchase agreement 174 +106 + 26 335 Acceptances--bought outright 38 + 2 + 3 37 Discounts and advances-- Member bank borrowings 325 + 51 + 231 182 Other 30 - 1 4* 19 30 Float 1,348 - 70 4- 214 1,449 Total Reserve Bank credit 34, 18 b +279 4-2,495 347392 516 Gold stock 15,582 - 1 - 15,583 Treasury currency outstanding 5,587 + 1 + 31 5,588 ,016 55,349 +280 +2 55,563 Currency in circulation +151 +1,902 36,061 35,879 Treasury cash holdings 4oi + 1 - 3 403 Treasury deposits with F. R. Banks 806 -112 4- 347 844 Foreign deposits with F. R. Banks 170 + 8 - 5 154 Other deposits with F. R. Banks 192 + 11 - 123 199 Other F. R. accounts (net) 1,214 - 5 + 348 1,219 38,661 + 53 +27+55 387880 Member bank reserves: With Federal Reserve Banks 16,689 +228 - 454 16,684 Currency and coin (estimated) 2,978 -113 + 282 3,191 Total reserves held 19,667 +115 - 172 19,875 Required reserves (estimated) 19,220 + 72 - 198 19,410 Excess reserves (estimated) 447 + 43 26 465 On September 4, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,985 million, an increase of $132 million for the week and an increase of $1,533 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) CONSOLIDATED siAlEMklfT OF CONDITION OF THE TWELVE Flt&RAL RESERVES BANKS (in millions of dollars) Change since Sept, 4, Aug. 28, Sept. 5, 1962 1963 1963 A S S E T S 638 Gold certificate account 13,971 - 3 - 112 Redemption fund for F. R. notes 1,320 + 3 + 526 Total gold certificate reserves 15,291 - Cash (398) 342 - 17 - 25 Discounts and advances 212 -126 + 93 Acceptances--bought outright 37 + ‘ 3 U. S. Government securities: Bought outright-- +176 B ills 3,179 + 114 1 Certificates 10,732 - - + ,194 Notes A , 010 - - + 238 Bonds 4,438 ~ - + 486 +176 + 2,032 Total bought outright 32,359 Held under repurchase agreement 335 +281 + 102 Total U. S. Government securities 32,695 +457 +2,135 2,230 Total loans and securities 32,943 +331 + Cash items in process of collection (1,135) 4,991 +211 + 540 Bank premises 102 5 269 Other assets 307 + 19 - TOTAL ASSETS (1,533) 53,976 5555 +1,945 L I A B I L I T I E S Federal Reserve notes (398) 30,925 +266 +l,84l Deposits: 16 +512 Member bank reserves ,684 - 473 U. S. Treasurer--general account 844 -171 + 390 Foreign 154 + 7 - 23 Other (**) 199 + 11 - i l l Total deposits (**) 17,881 +359 - 217 -106 227 Deferred a va ila b ility cash items (1,135) 3,542 + Other lia b ilitie s and accrued dividends ____85 + 7 + l4 +526 1,865 TOTAL LIABILITIES (1,533) 52,433 + A C C O U N T S 26 + Capital paid in 486 Surplus 934 ____ + 46 Other capital accounts 123 + 18 + 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,533) 53,976 +544 +1,945 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) 31-1# -.3# - 2.1 $ Contingent lia b ility on acceptances purchased 23 for foreign correspondents 93 + 5 + * Figures in parentheses are the elim inations made in the consolidating process; _______see comparable figures on combined basis on the following pages._________________ 1963 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 4, (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 180 9 1,073 +579 16 days to 90 days 2 28 5,239 - 74 91 days to 1 year 30 -- 13,141 + 52 10,866 Over 1 year to 5 years -- -- 2,176 Over 5 years to 10 years -- -- Over 10 years -- ____199 Total 2l2~ 37 32,695 7557 ** Less than $500,000. A Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 4, 1963 H. 4. 1(b) San Total Boston N Y e o w rk d P el h p i h la ia ­ C l l a e n v d e­ R mo ic n h d ­ Atlanta Chicago Lo S u t. is M ap in o n l e is ­ Ka C n i s ty as Balias F c r is a c n o ­ (In m illions of doJLiars) A S S E T S G Re 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 co F u . n R t • notes 13 1 > ,^ 9 2 7 0 1 74 7 3 6 3,2 3 8 1 0 6 70 7 6 7 1,0 1 8 1 8 5 9 1 3 13 0 ....._ 8 7 2 5 1 2,4 2 5 2 7 I_ 61 5 6 3 29 2 7 8 65 5 8 1 53 43 4 l,8 1 4 42 l Total sold certificate reserves 15,291 819 3,596 783 1,203 1,043 896 2,688 669 325 709 577 1,983 T . R- notes of other Banks 398 44 78 62 15 23 33 27 12 39 l4 12 39 Other cash 342 26 62 19 32 24 28 52 22 l l 10 12 44 Discounts and advances 212 15 37 7 7 60 22 22 2 4 26 5 5 Acceptances: Bought outright 37 -- 37 — — “ *"* ** H. S. Government securities: Sought outright-- B N C o e il t r l e t s s ificates 1 l4 3 0 , , , 1 7 0 7 3 1 9 2 0 1 7 5 6 3 5 6 0 9 2 3 , , 6 5 7 9 1 9 0 1 7 1 7 5 6 7 8 6 7 4 1,1 8 2 7 6 9 3 6 8 2 7 9 0 1 0 9 9 4 1 7 5 7 7 9 6 3 3 1 2 , , 8 3 5 0 6 3 8 1 6 1 4 5 2 4 1 3 5 7 2 2 6 7 1 5 2 0 1 4 1 5 2 2 7 5 4 5 1 0 1 4 1 5 2 6 8 3 9 9 7 1 i 1 , , 4 8 4 5 o 3 8 i 8 6 8 2 Bo T n o ds tal 3 b 2, M 35 & 9 1,6 2 8 3 7 2 8 1 , ,1 1 1 1 2 0 1,7 2 7 4 0 3 2,7 3 0 7 8 1 2,1 2 2 9 3 1 1,7 2 8 4 7 5 : 5,4 7 5 4 2 7 1,2 1 5 73 8 . . 6 8 3 7 4 1,270 1,316 4,244 Held under repurchase agreement 335 335 _ _ — -- -- -- - - ~ — ** ** ................- Total U. S. Government securities 32,694 1,687 8,445 1,770 2,708 2,123 1,787 5,452 1,25.8- 634 1,270 1,316 4,244 Total loans and securities 32,943 1,702 8,519 1,777 2,715 2,183 1,809 5,474 1,260 638 1,296 1,321 4,249 Cash items in process of 326 283 collection 6,126 453 1,178 383 485 482 472 941 253 195 675 Bank premises 102 3 8 3 7 5 l4 23 6 4 7 12 10 Other assets 307 15 78 17 27 19 18 48 12 7 13 13 40 TOTAL ASSETS 55,509 3,062 13,519 3,044 4,484 3,779 3,270 9,253 2,234 1,219 2,375 2,230 7 ,o4o Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 19&3 San 1 New Fhila- Cleve- Rich­ St. Minne­ Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco_ (In millions of dollars) l i a b i l i t i e s Federal Reserve notes 31,323 1,842 7,533 1,829 2,693 2,533 1,803 5,654 1,274 553 1,229 9^5 3,^35 Deposits: 16,684 664 4,350 762 1,216 752 928 2,494 642 444 786 894 2,752 Member tank reserves 844 54 203 66 60 37 66 106 ^3 42 52 48 67 U. S. Treasurer-general account 154 7 1/48 8 14 7 8 21 5 3 6 8 19 F O o t r h e e i r gn 199 l 123 2 1 4 1 13 1 2 1 1 49 Total deposits 17,881 726 4,724 838 1,291 800 1,003 2,634 691 491 845 951 2,887 Deferred availability cash Items 4,677 417 823 286 352 364 374 731 213 137 232 244 504 Other liabilities and accrued 85 4 26 4 7 5 4 14 3 3 2 3 10 dividends TOTAL LIABILITIES 53,966 2,989 13,106 2,957 4,343 3,702 3,184 9,033 2,l8l 1,184 2,308 2,143 6,836 CAPITAL ACCOUNTS " S C u a r p p i l t u a s l paid in 4 9 1 8 2 3 3 6 4 2 4 3 4 6 1 2 3 5 32 0 1 2 5 7 4 6 4 8 5 7 9 2 44 4 9 2 5 7 8 1 13 6 1 2 9 9 1 3 7 2 b j 1 2 1 2 2 b 2 o 1 0c 2 53 8 £D 1 6 2 1 4 4 6 Other capital accounts TOTAL LIABILITIES AND 55,509 3,062 13,519 3,o44 4,484 3,779 3,270 9,253 2,234 1,219 2,375 2,230 7,c4o CAPITAL ACCOUNTS Contingent liability on accept­ ances purchased for foreign 93 5 2/25 5 9 4 5 13 3 2 4 5 13 correspondent s FEDERAL RESERVE AGENT'S ACCOUNTS F.R. notes outstanding 32,688 1,910 7,851 1,910 2,852 2,660 1,875 5,811 1,323 650 1,264 1,013 3,569 Collateral for F. R. notes: Gold certificate account 7,173 433 i,6co 425 580 605 4oo 1,400 310 130 285 205 800 E U. l ig S i . bl Go e v e p r a n p m e e r nt securities 26,29 3 4 0 1,49 — 4 6,30 - - 0 i,6co 5 2,30 — 0 2,07 - - 5 1,50 -- 0 4,50 -- 0 1,100 1 5 - 5 0 - 1 , oc 24 c 875 3,000 Total collateral 33,497 1,927 7,900 2,030 2,880 2,680 1,900 5,900 i,4il- 680 1,309 1,080 3,800 .l/ After deducting $106 million participations of other Federal Reserve Banks. 2/ After deducting $ 68 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis