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 10, 1963 H.fc.l The average of daily figures of total member bank reserves held during the week ended October 9 increased a net of $76 million to $20,253 Estimated currency and coin of member banks decreased ^ ^ mrllion and their reserve balances at the Federal Reserve Banks increased $322 million, estimated required reserves decreased $88 million; and estimated excess reserves increased 4l6^ million to $513 million. Excess reserves exceeded member bank borrowings S the £de?al JtfseL Banks By $121 million, compared vith the revised figure of $6 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $l68 million in U. S. Government s^ t i e s bought outright and $357 million held under repurchase agreement, and $4-9 million in^member bank borrowings. The principal offsetting change was an increase of $206 million in currency in circulation. Total Reserve Bank credit mcreas $563 million. As of Wednesday, October 9, holdings of U. S. Government securities bought outright were $17 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $6*4 million higher, and member bank borrowings were $280 million lower. Averages of daily figures_____ Wednesday, Week ended Change from week ended Member bank reserves, Oct. 9, Oct. 2, Oct• 10; Oct. 9, Reserve Bank credit, and related items __ 19.6.3 1963 1962 19.63__ a millions of dollars; Reserve Bank credit: U. S. Government securities-- Bought outright--System account 32,617 +l68 +2,071 32,635 Held under repurchase agreement I419 +357 + 283 3*4*4 . Acceptances-- Bought .outright 37 + 1 + 3 38 Held under repurchase agreement 7 + 6 + 7 8 Discounts and advances-- Member bank borrowings 392 + k$ + 3*^8 183 + 18 30 Other 30 Float 1,527 - 18 - 118 1,233 Total Reserve Bank credit 35,030 + 563 +2,61*4 3$7StI Gold stock 15,583 + l - *48*4 15,583 Treasury currency outstanding 5,591 + 2 + 36 5,59| 56,203 75S6 +2,16*4 55,6&§ 36,061 +206 +1,959 36,220 Currency in circulation Treasury cash holdings 397 + 2 - 13 *40*4 Treasury deposits with F. R« Banks 910 + 9 + 397 90*4 - 90 155 Foreign deposits with F. R. Banks 153 Other deposits with F. R • Banks 193 4- 1 - 121 182 Other F. R. accounts (net) 1,1*0. + 27 + 390 1,1^5 38,85^ +2*43 +2,522 39,010 Member bank reserves: With Federal Reserve Banks 17,3^9 +322 - 357 16,637 Currency and coin (estimated) 2,90*1 —2*4-6 ♦ . 277 3A95 Total reserves held 20,253 + 76 - So 19,832 Required reserves (estimated) 19, 7*40 - 88 - 11*4 19,6*42 190 Excess reserves (estimated) 513 4-16*4 + 3**- On October 9, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,029 million, an increase of $86 million for the week and an increase of lpL,lk6 million from the com­ Digitized for FRASER http://frasepr.astrloauibsfleed. ordg/a te a year ago. 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 Oct. 9, Oct. 2, Oct. 10, .196.3 _ 1963 1962 A S S E T S Gold certificate account 13,973 -- - 617, Redemption fund for F. R. notes 1,331 - 4 + 131 Total gold certificate reserves 15,304 - 4 - 556 Cash (425) 298 - 19 56 Discounts and advances 213 -280 + 121 Acceptances; Bought outright 38 + 2 + 4 Held under repurchase agreement 8 + 3 + 8 U. S. Government securities: Bought outright-- Bills 3,392 + 17 + 510 Certificates 10,712 -- +1,170 Notes 13,993 -- + 91 Bonds 4,538 -- + 407 Total bought outright 32/635 + 17 +2,178 Held under repurchase agreement 344 + 64 + 272 Total U. S. Government securities 32,979 +"51 +2,450 • Total loans and securities 33,238 -194 +2,583 Cash items in process of collection (1,118) 5,165 -377 + 284 Bank premises 103 -- 4 Other assets 398 + k - 292 TOTAL ASSETS (1,543) 14“, 506 “590 +2,029 L I A B I L I T I E S Federal Reserve notes (425) 31,050 +238 +1,864 Deposits: Member bank reserves 16,637 -476 - 527 U. 8. Treasurer— general account 904 - 68 + 4l2 Foreign 155 - 13 - 72 Other 182 - 12 - 125 Total deposits 17,878 4169 - 312 Deferred availability cash items (1,118) 3,932 -284 + 377 Other liabilities and accrued dividends 84 + 3 + 14 TOTAL LIABILITIES (1,543) 52,944 -612 +1,943 C A P I T A L A C C O U N T S Capital paid in 486 -- + 24 Surplus 934 -- + 46 Other capital accounts 142 + 22 + 16 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,543) 147506 -590 +2,029 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) 31.0$ +.2$ - 2.1$ Contingent liability on acceptances purchased for foreign correspondents 105 + 1 + 3 6 * 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. OCTOBER 9, 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 Chan, advances Acceptances Holdings during Within 15 days 181 13 1,145 — TUT 16 days to 90 days 2 33 5,636 -l4 91 days to 1 year 30 12,855 +28 Over 1 year to 5 years __ -- 10,909 -- Over 5 years to 10 years -- 2,225 -- Digitize O d v f e or r F R 1 A 0 S E y R e ars -- -- 209 -http://fraser.sTtlooutisafeld.org/ 213 T6 32,979 +81 Federal Reserve Bank of St. Louis

H.4.1(b) STATHffiNT'OP CONDITTOI? OF-EACH* FEDERAL RESERVE BASK ON- OCTOBER. 9,- *-1963 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston Atlanta Chicago Dallas Fran­ York delphia land mond Louis apolis City cisco (in millions of dollars) A S S E T S Gold certificate account 13,973 710 3,453 748 937 979 742 2,373 554 277 613 572 2,015 Redemption fund for F. R. notes 1,331 . 76 318 75 119 1C8 79 234 54 29 51 42 l46 Total gold certificate reserves 15,304 786 3,771 823 1,056 1,087 821 ”27607 6cB 366“ ” 664 614 2,161 F. R- notes of other Banks 425 43 112 65 17 16 27 27 9 38 13 17 4l Other cash 298 18 63 17 26 24 23 4o 16 10 9 10 42 Discounts and advances 213 3 65 4 3 17 14 57 3 1 30 10 6 Acceptances: Bought outright 38 — ~ 38 _ _ — — _ „ M - - _ - - __ -- Held under repurchase agreement 8 -- 8 U. S• Government securities: Bought outright— Bills 3,392 179 8o4 180 300 229 193 578 135 64 l4l 138 451 Certificates 10,712 567 2,537 567 948 724 611 1,827 425 205 444 434 1,423 Notes 13,993 740 3,314 742 1,238 945 798 2,387 555 268 580 567 1,859 Bonds 4,538 240 1,075 240 4oi 307 259 774 180 87 188 184 603 Total 32,635 1,726" 7,730 1,729 2,887 2,205 l,86l 5,588 1,295 E24 1,353 1,323 4', 336 Held under repurchase agreement 344 — 344 -- __ -- -- -- -- -- — - - Total U. S. Govex-nment securities 32,979 1,726 8,074 1,729 2,887 2,205 l,86l 5,566 1,295 624 1,353 1,323 4,336 Total loans and securities 33,238 1,729 8,185 1,733 2,890 2,222 1,875 5,623 1,298 625 1,383 1,333 4,342 Cash items in process of collection 6,283 458 1,112 388 491 492 483 1,001 301 221 339 289 708 Bank premises 103 3 8 3 7 5 15 23 6 4 7 12 10 Other assets 398 21 97 21 35 26 23 65 16 7 17 18 52 TOTAL ASSETS 56,049 3,058 13,348 3,050 4,522 3,872 3,267 9,386 2,254 1,211 2,432 2,293 7,356 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H-4.1(c) . . , STATEME»T GF GOKDITIGN- OF EACH, FEDERAL.BARK.ON OCTOBER 9, 19.63., F. R• notes outstanding 7,897 1,899 2,877 2,698 1,885 5,878 1,345 646 1,266 1,009 3, 586 Collateral for F. R. notes: Gold certificate account 1,600 425 580 648 4oo 1,300 310 115 285 205 800 Eligible paper 3 — 16 29 U. S. Government securities 6,4oo 1,600 2,4oo 2,086 1,550 4,8oo 1,100 550 1,000 ..,,-,821 3,000 Total collateral 8,000 2,028 2,980 2,750 1,950 6,100 1,412 665 1,31^ 1,080 3,800 l/ After deducting $103 million participations of other Federal Reserve Banks, * Less than $500,000. 2/ After deducting $ 77 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis