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 October 3, 1963 H.4.1 The average of daily figures of total member bank reserves held during the week ended October 2 decreased $53 million to $20,147 million. Estimated currency and coin of member banks decreased $28 million and their reserve balances at the Federal Reserve Banks decreased $25 million. Estimated required ^ reserves increased $62 million; and estimated excess reserves decreased $115 million to $3^7 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4 million, compared with the revised figure of $74 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $392 million in Federal Reserve float and $45 million in member bank borrowings, and an increase of $45 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $409 million in U. S. Government securities bought outrig^ and $62 million held under repurchase agreement, and a decrease of $26 million in "other" F.R. accounts (net). Total Reserve Bank credit increased $33 million. As of Wednesday, October 2, holdings of U. S. Government securities bought outright were $511 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $280 million higher, and member bank borrowings were $2 million lower. Outright holdings of bills, no es, $4o8 $3 $100 and bonds increased million, million, and million, respectively. Averages of daily figures Wednesday, Member bank reserves, Week ended Change from week ended Reserve Bank credit, Oct. 2, Sept. 25, Oct. 3, Oct. 2, and related items _i9J6a JL9-63. __19£2~ 1963- (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 32,449 +409 +2,503 32,618 Held under repurchase agreement 62 + 62 + 49 280 Acceptances-- Bought outright 36 - 2 + 1 36 Held under repurchase agreement 1 + 1 + 1 Discounts and advances-- Member bank borrowings 343 - 55 + 280 463 Other 30 + 19 30 Float 1,545 -392 - 202 1,326 Total Reserve Bank credit 34,467 + 33 +2,65T 34,758 Gold stock 15,582 - 485 15,583 Treasury currency outstanding 5,589 + 2 +___37 5,589 +2,202 55,930 55,637 Currency in circulation 35,855 5 +1,941 35,958 Treasury cash holdings 395 + 10 5 401 Treasury deposits with F. R. Banks 901 + 45 + 425 972 Foreign deposits with F. R. Banks 153 + l4 - 64 168 Other deposits with F. R. Banks 192 + 11 - 131 194 Other F. R. accounts (net) l,ll4 JL 26 + 360 1,124 38,611 + 60 +2, 528 38,817 Member bank reserves: With Federal Reserve Banks 17,027 - 25 - 325 17,H3 Currency and coin (estimated) 3,120 - 28 + 298 3,264 Total reserves held 207I5T - 53 - 27 20,377 Required reserves (estimated) 19,800 + 62 + 72 20,001 376 Excess reserves (estimated) 357 -115 - 99 On October 2, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,95-3 million, an inciease of $69 million for the week and an increase of $1,102 million from the comparable Digitized for FRASER http://frasdera.sttleou isafe dy.oerga/ r ago. Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE RANKS (in millions of dollars) Change since Oct. 2, Sept . 2 5, Oct. 3, 1963 1963. 1962, A S S E T S Gold certificate account 13,973 - 1 - 623 Redemption fund for F. R. notes 1,335 — + 137 Total gold certificate reserves I5,30tf - 1 '-” T 88 Cash (496) 317 - 11 - 62 Discounts and advances K 493 - 2 + 329 Acceptances: Bought outright 36 — + 2 Held under repurchase agreement 5 + 5 + 5 U. S. Government securities: Bought outright— Bills 3,375 +408 + 391 Certificates 10,712 -- +1,170 Notes 13,993 + 3 + i44 Bonds 4,538 +100 + 437 Total bought outright 32,6lS +511 +2,l42 Held under repurchase agreement 280 +280 + 188 Total U. S. Government securities 32,898 +791 +2,330 Total loans and securities 33,432 +794 +2,666 Cash items in process of collection (1,235) 5,542 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shown on the fol­ 30. i lowing pages--not consolidated) Contingent liability on acceptances purchased 104for foreign correspondents * Figures in parentheses are the eliminations 1 1—1 O -sh + 236 Bank premises 103 — 4 Other assets 394 + 39 - 276 TOTAL ASSETS (1,731) 55,096" +717 +2,074 L I A B I L I T I E S Federal Reserve notes (496) 30,812 +117 +1,869 Deposits: Member bank reserves 17,113 +492 - 624 U. S. Treasurer— general account 972 + 32 + 480 Foreign 168 + 27 28 Other 194 + 22 - 136 Total deposits I875W +573 - 30S Deferred availability cash items (1,235) 4,216 + 5 + 421 Other liabilities and accrued dividends 81 + 4 + 10 TOTAL LIABILITIES (1,731) 53,556 +699 +1,992 C A P I T A L A C C O U N T S Capital plaid in ~ ~ ~ 486 - 1 + 24 Surplus 934 -- + 46 Other capital accounts 120 + 19 + 12 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,731) 55,096 +717 +2,074 36 made in the consolidating process; see comparable figures on combined basis on the following pages.____________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES. OCTOBER 2, 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 +629 + 51 + 9 + 43 + 49 + 10 +791 NO 0 lk 1,078 16 days to 90 days 3 27 5,650 91 days to 1 year 30 -- 12,827 Over 1 year to 5 years -- 10,909 Over 5 years to 10 years -- 2,225 Over 10 years ... 209 Total 593 la 32,698 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 2, 19^3 H-b. 1(b) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

'■SmTBMBKT- OF CONDITION OF EACH FEDERAL RESERVE -BANK OH. OCTOBER 2,. 1961 H.4.1(c) 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 31,308 1,836 7,512 1,823 2,693 2,562 1,803 5,672 1,273 552 1,222 945 3,415 Deposits: \ Member bank reserves 17,113 587 4,895 745 1,240 760 858 2,537 617 405 784 9CC 2,785 U. S. Treasurer-general account 972 62 214 36 58 83 69 89 66 38 77 56 124 Foreign 168 8 1/51 9 15 8 9 22 5 4 7 9 21 Other 194 * 127 1 2 cJ \- _.3_ 4 l * ______2.______3______48. Total deposits 18,447 657 5,287 791 1,315 856 939 2,652 689 447 870 966 2,978 Deferred availability cash items 5,451 435 910 336 443 4c8 447 875 253 169 253 271 651 Other liabilities and accrued dividends 81 4 25 4 6 4 4 .... 13 _____3_ 2.. — 3-______3- 10- TOTAL LIABILITIES 55,287 2,932 13,734 2,954 4,457 3,830 3,193 9,212 2,218 1,170 2,348 2,185 7,054 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 4o 53 124 Other capital accounts 120 6 31 5 8 9 8 19 4 2 6 6 16 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 56,827 3,005 l4,l46 3, o4o 4,597 3,907 3,279 9,432 2,271 1,205 2,415 2,272 7,_258_ Contingent liability on accept­ ances purchased for foreign correspondents io4 5 2/28 6 10 5 6 15 3 2 4 6 i4 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 32,820 1,913 7,892 1,907 2,867 2,688 1,867 5,855 1,339 648 1,258 1,013 3,573 Collateral for F. R. notes: Gold certificate account 7,101 433 1,600 425 580 648 4oo 1,300 310 115 285 205 800 Eligible paper 50 » — 3 _ — 25 - - -- l -- 21 -- -- U. S. Government securities 26,875 1.514 c C 1.600 2.400 ?,o86 1.550 4,800 550.... 1, noo 87^....-3^000. Total collateral 34,026 1,947 8,000 2,028 2,980 2,759 1,950 6,100 1,411 665 1,306 1,080 3,800 * Less than $5C0,OCC. _2/ After deducting $ 76 million participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis