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 September 19, 1963 h A.i The average of daily figures of total member bank reserves held during the week ended September 18 increased a net of $4l million to $19,871 million. Estimated currency and coin of member banks increased $121 million and their reserve balances at the Federal Reserve Banks decreased $80 million. Estimated required reserves increased $172 million; and estimated excess reserves decreased $131 million to $386 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $193 million, compared with $163 million the week before. The principal changes reducing average reserve balances with^Federal Reserve Banks were decreases of $l4l million in U. S« Government securities bought outright and $294 million held under repurchase agreement and $161 million in member bank borrowings, and an increase of $118 million in Treasury^deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $508 million in Federal Reserve float and decreases of $80 million in other F. K* accounts (net) and $50 million in currency in circulation. Total Reserve Bank credit decreased $88 million. As of Wednesday, September 18, holdings of U. S. Government securities bought outright were $350 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $200 million lower, and member "bank borrowings were $18 million higher• Outright holdings of bills* certifies es* and notes decreased $310 million, $20 million, and $20 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended 1Wednesday, Reserve Bank credit, Sept. 18, Sept. 11, Sept. 19, Sept. 18, and related items 1963 1963 1962 1963 (In millions of dollars; Reserve Bank credit: U. S. Government securities-- Bought outright--System account 32,209 -l4l +2,46l 31,974 Held under repurchase agreement — -294 “ - Acceptances--bought outright 36 - 1 + 1 36 Discounts and advances-- Member bank borrowings 193 -161 + 168 323 Other 32 + l + 21 30 Float 1,995 +508 - l4l 2,268 Total Reserve Bank credit 3 W +2,510 34,631 Gold stock 15,582 - 1 - 485 15,583 Treasury currency outstanding 5,590 - 1 + 46 5,592 55,636 - 91 +2,069 55,806 Currency in circulation 36,016 - 50 +1,971 35,990 Treasury cash holdings 417 + 8 + 27 423 Treasury deposits with F. R. Banks 9U2 +118 + 363 1,329 Foreign deposits with F. R. Banks 142 - 11 80 152 Other deposits with F. R. Banks 209 + 3 - 75 191 Other F. R. accounts (net) 1,139 - 80 + 365 l,l4l - 10 +2,573 39,226 387867 Member bank reserves: With Federal Reserve Banks 16,770 - 80 - 503 16,580 Currency and coin (estimated) 3,101 +121 + 215 3,385 Total reserves held 19,871 + 4i - 288 19,965 Required reserves (estimated) 19,485 +172 - 158 19,817 Excess reserves (estimated) 386 -131 - 130 l48 On September 18, 1963* U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,927 million, an increase of $37 million for the week and an increase of $1,253 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 OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Sept. 18, Sept. 11, Sept. 19, 1963 1963 1962 A S S E T S 13,944 6 - 652 Gold certificate account 2 + 136 Redemption fund for F. R. notes 1,339 Total gold certificate reserves 15,283 ~4 - 516 Cash (491) 326 + 7 - 53 Discounts and advances 353 + 18 + 284 + 2 Acceptances--bought outright 36 U. S. Government securities: Bought outright— 2,834 310 + 428 Bills 10,712 20 +1,175 Certificates Notes 13,990 20 + 218 Bonds 4,438 + 486 Total bought outright 31,975 - 350 +2,306 Held under repurchase agreement - 200 Total U. S. Government securities 317974 550 +2,306 +2,592 Total loans and securities 32,363 Cash items in process of collection (l,4l8) 7,446 Bank premises 103 Other assets 340 TOTAL ASSETS (i,9°9) 55,861 L I A B I L I T I E S Federal Reserve notes (491) 30,847 - 116 +1,918 Deposits: 16,580 + l6l - 676 Member bank reserves U. S. Treasurer--general account 1,329 + 322 + 746 152 + 11 - 76 Foreign (**) 191 21 - 101 Other (**) 18,252 “573 - 107 Total deposits Deferred availability cash items 0 5,178 +1,171 + 298 78 1 + 11 Other liabilities and accrued dividends +2 54,355 +1,527 TOTAL LIABILITIES (] C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (; 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) Contingent liability on acceptances purchased for foreign correspondents H OJ 0 486 „ 25 934 __ + 46 10 86 - 57 +2,201 55,861 +1,470 30.8$ •3$ 2.3$ 102 34 * Figures” in parentheses are the eliminations made in the consolidating process; _____see comparable figures on combined basis on the following pages.-------- ■ — MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 18, 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 Changes Discounts and advances Acceptances Holdings during week Within 15 days 322 16 560 -213 l6 days to 90 days 1 20 5,315 - 96 91 days to 1 year 30 -- 12,858 -24l Over 1 year to 5 years -- 10,866 Over 5 years to 10 years - - 2,176 Over 10 years — 199 Total 353 38 31,975 -550 Digitized for FRASER ** Less than $500*000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.tf.l('b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 18, 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) A S S E T S Gold certificate account 13,9^ 684 3,655 761 1,039 905 741 2,341 548 259 6ll 546 1,854 Redemption fund for F. R. notes 1,339 76 320 76 120 111 79 235 54 28 51 k2 147 Total gold certificate reserves 15,283 76c 3,975 837 1,159 1,016 820"" 2,576 602"" 267" 662“ 588"" 2,001 F. R. notes of other Banks 491 55 113 72 20 27 35 36 l4 37 15 15 52 Other cash 326 21 63 19 29 26 26 47 19 11 10 ll 44 Discounts and advances 353 9 132 4 12 11 17 38 12 11 23 16 68 Acceptances: Bought outright 36 -- 36 -- -- - - — - " *" "" ** — U. S. Government securities: Bought outright-- Bills 2,834 148 734 146 237 187 157 478 112 52 116 115 352 Certificates 10,712 558 2,776 551 897 709 591 1,806 424 198 438 436 1,328 Notes 13,990 729 3,626 720 1,171 925 772 2,359 554 258 572 569 1,735 Bonds 4,438 232 1,150 228 371 294 245 749 175 82 181 181 550 Total 317975" 1,667 8,286 1,"65T 27FT6~ 2,115 l,75T 5,392 1,265 590 1,307 1,361 3,965 Held under repurchase agreement - _ -- -- -- -- -- -- -- — - - ** “ ** *” Total U. S. Government securities 31,974 1,667 8,286 1,645 2,676 2,115 1,765 5,392 1,265 590 1,307 1,301 3,965 Total loans and securities 32,363 1,676 8,454 1,649 2,688 2,126 1,782 5,430 1,277 601 1,330 1,317 4,033 Cash items in process of collection 8,864 575 1,601 588 707 661 608 1,712 359 266 430 389 969 Bank premises 103 3 8 3 7 5 15 23 6 4 7 12 10 Other assets 340 17 89 18 29 21 20 53 14 6 l4 l6 43 TOTAL ASSETS 57,770 3,106 14,303 3,186 4,639 3,882 3,306 9,877 2,291 1,212 2,468 2,348 7,152 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 SEPTEMBER 18, I963 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) L I A B I L I T I E S Federal Reserve notes 31,338- i,8ia 7,522 1,829 2,701 2,546 1,798 5,674 1,274 554 1,225 948 3,426 Deposits: Member bank reserves 16,580 653 4,620 729 1,181 720 845 2,524 631 373 809 915 2,580 U-S. Treasurer-general account 1,329 36 409 43 64 57 73 326 52 49 44 6l 115 Foreign 152 7 1/43 9 14 7 8 21 5 3 6 9 20 Other 191 1 125 * 1 4 1 10 * 1 2 * _____ Total deposits 18,252 697 5,197 781 1,260 788 927 2,881 688 426 861 985 2,761 Deferred availability cash items 6,596 ^93 1,163 487 533 469 493 1,094 274 195 313 326 756 Other liabilities and accrued dividends 78 4 19 4 7 5 4 14 .....3 2 ______3_______1_ 10 TOTAL LIABILITIES 56,264 3,035 13,901 3,101 4,501 3,808 3,222 9,663 2,239 1,177 2,402 2,262 6,953 CAPITAL ACCOUNTS Capital paid in 486 23 130 27 45 24 27 69 17 11 21 28 64 Surplus 934 44 251 54 87 44 51 132 32 22 40 53 124 Other capital accounts 86 4 21 4 6 6 6 :... 13 3 2 ______5_ 5 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 57,770 3,106 14,303 3,186 4,639 3,882 3,306 9,877 2,291 1,212 2,468 2,348 7,152 Contingent liability on accept­ ances purchased for foreign correspondents 102 _____5_ 2/27 6 _____2__ 5 7 l4 3 2 4 6 l4 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 32,909 1,914 7,903 1,916 2,873 2,686 1,885 5,8$4 1,352 646 1,270 1,014 3,586 Collateral for F. R. notes: Gold certificate account 7,123 433 1,600 425 580 655 4oo 1,300 310 130 285 205 800 Eligible paper 43 - - — 1 — 9 - - — 11 - - 22 -- — U. S. Government securities 26,844 1.514 6,4oo 1,600 2.400 2,055 1,-550 4.800 1.100 550 1.000 875 ^.000 Total collateral 34,010 1,947 8,000 2,026 2,980 2,719 1,950 6,100 1,421 680 1,307 1,080 3,800 1/ After deducting $109 million pa] rticipat]Lons of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 75 million pa]rticipatiLons of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis