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**** October 17, 1963 The average of daily figures of total member bank reserves held during . the week ended October 16 decreased a net of $224 million to $19,970 million. Estimated currency and coin of member banks increased $231 million and their reserve balances at the Federal Reserve Banks decreased $455 million. Estimated required reserves decreased $182 million; and estimated excess reserves decreased $42 million to $396 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $87 million, compared with the revised figure of $46 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $96 million in U. S. Government securities bought outright and $156 million held under repurchase agreement, and $83 million in member bank borrowings, and an increase of $174 million in currency in circulation, The principal offsetting change was an increase of $40 million in Federal Reserve float. Total Reserve Bank credit decreased $293 million. As of Wednesday, October 16, holdings of U. S. Government securities bought outright were $300 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $266 million lower, and member bank borrowings were $194 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. l6, Oct. 9, Oct. if, Oct. 16, and related items 1963 1963 1962 < 1963 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright— System account 32,521 - 96 +2,136 32,335 Held under repurchase agreement 263 -156 + 168 78 Acceptances-- Bought outright 38 + 1 + 4 4o Held under repurchase agreement 9 + 2 + 9 6 Discounts and advances-- Member bank borrowings 309 - 83 + 238 377 Other 30 -- + 19 30 Float 1,567 + 40 - 66 1,645 Total Reserve Bank credit 34,737 -293 +2,508 34,511 Gold stock 15,583 - 484 15,583 Treasury currency outstanding 5,582 - 9 + 31 5,581 55,902 -301 +2,055 55,675 Currency in circulation 36,235 +174 +1,979 36,244 Treasury cash holdings 392 - 5 5 4o4 Treasury deposits with F. R. Banks 930 + 20 + 450 918 Foreign deposits with F. R. Banks 150 - 3 - 64 147 Other deposits with F. R. Banks 194 + l - 142 213 Other F. R. accounts (net) 1,107 - 34 + 390 1,062 39,008 +154 +2,607 38,988 Member bank reserves: With Federal Reserve Banks 16,894 -455 - 551 16,687 Currency and coin (estimated) 3,076 +231 + 215 3,376 Total reserves held 19,970 **224 - 336 20,063 Required reselves (estimated) 19,574 -182 - 247 19,705 Excess reserves (estimated) 396 - 42 - 89 358 On October 16, 1963* U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,944 million, a decrease of $85 million for the week and an increase of $865 million from the comparable date Digitizeda f oyr FeRaArS EaRg o. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.5.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Oct. lb, Oct. 9, Oct. 17t 1963 1963 1962 A S S E T S Gold certificate account 13,968 5 - 610 Redemption fund for F. R. notes 1, 332 + 1 + 120 -----jj. - 590 Total gold certificate reserves * 15,300 Cash (5l8) 288 - 10 - 79 Discounts and advances 507 + 195 + 235 Acceptances: Bought outright 50 + 2 + 6 Held under repurchase agreement 6 2 + 6 U. S. Government securities: Bought outright-- Bills 3,092 - 300 + 575 Certificates 10,712 - - +1,170 Notes 13,993 - - + 91 Bonds A.538 + 507 Total bought outright 32,335 - 300 +2,152 Held under repurchase agreement 78 - 266 + 78 Total U. S. Government securities 327513 5 66 +2,220 32,866 - 372 +2,567 Total loans and securities Cash items in process of collection (1,529) 6,618 +1,553 + 305 Bank premises 105 + 1 2 Other assets 120 + 22 - 287 TOTAL ASSETS (1,957) 557596 +1,090 +1,913 L I A B I L I T I E S Federal Reserve notes (5l8) 31,072 + 22 +1,953 Deposits: Member bank reserves 16,687 + 50 - 808 U. S. Treasurer--general account 918 + l5 + 539 Foreign 157 8 - 59 Other (-;:-*) 213 + 31 - 109 Total deposits (**) 17,965 + 87 - 537. Deferred availability cash items (1,529) 5,973 +1,05l + 522 Other liabilities and accrued dividends 82 2 + 3 TOTA'b LIABILITIES (1,957) 55,092 +1, i58 +1,831" c a p i t a l a c c o u n t s Capital paid in 587 + 1 + 25 Surplus 935 - - + 56 Other capital accounts 83 - 59 + ll TOTAL LIABILITIES AND CAPITAL ACC0UNTS(1,957) 55,596 +1,090 +1,913 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted frcm figures as shown on the fol­ -2.0$ lowing pages--not consolidated) 30.9$ Contingent liability on acceptances purchased for foreign correspondents 105 + 37 * Figures in parentheses are the eliminations made in1 tthhee consolidating process^ see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES," OCTOBER l6>, 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 375 11 508 -637 16 days to 90 days 2 35 5,685 + 58 91 days to 1 year 30 -- 12,878 + 23 Over 1 year to 5 years -- 10,909 — - - - Over 5 years to 10 years -- 2,225 - - Over 10 years - - - - 209 ^566 Total 5of 55 32,5i3 ** Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER l6, 1963 H.4.1(b) Sail 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 13,968 780 3,816 720 1,101 960 729 2,256 550 287 590 504 1,675 1,332 75 322 76 119 107 78. -234 ____ 54 29 _ _51_____42 . .145 Total gold certificate reserves 15,300 855 4,138 796 1,220 1,067 807 .2,490 6o4 316 64l 546 1,820 F. R. notes of other Banks 4l8 38 ll4 62 16 20 27 -28 11 36 11 16 39 Other cash 288 18 62 15 26 21 21 39 16 11 9 9 4l Discounts and advances 407 7 22 24 69 27 27 139 l 1 33 32 25 Acceptances: — — Bought outright 40 - - 4o - - - - - - - - - - — Held under repurchase agreement 6 — 6 __ - - - - -- - - - - - - - - U. S. Government securities: Bought outright - - Bills 3,092 163 737 164 253 212 i?4 531 124 60 128 126 420 Certificates 10,712 563 2,552 568 875 734 602 l,84l 429 208 445 438 1,457 Notes 13,993 734 3,334 742 1,143 959 787 2,405 560 272 582 572 1,903 Urvnri?; 4 528 2^8 l ,081 24l ___ 31T 255 ___780.. .182_____ 88__ . JB9— _185__ 617 XJU1JIU.Q TTpi a T i o in t r a ]p l t remir chase aereement _ 3 _ 2 _ , _ 33 7— 5 8 1,698 7,70 7 4 8 1,715 — 2,64 _ 2 2,21 ... 6 - 1,81 ». 8 - 5,55 - 7 — 1,29 - 5 — 62 — 8 1,34 _ 4 — 1,321 4,39 - 7 — Total U. S* Government securities 32,413 1,698 7,782 1.715 2.642 2.216 l.8l8_ 5,.557-. -1,295 628 1,344-. l ,321— 4,3-97- Total loans and securities 32,866 1,705 7,85c' 1,739 2,711 2,243 1,845 5,696 1,296 629 1,377 1,353 4,422 Gash items in process of collection 8,147 566 1,504 493 664 613 616 1,402 379 267 420 377 846 Bank premises 104 3 8 3 7 5 16 23 6 4 7 12 10 420 22 102 22 35 ...28 23 6q.____17— Q 1-1 8O 19 .. 56. V vliWX UmOv v/o TOTAL ASSETS 57,543 3,207 13,778 3,130 4,679 3,997 3,355 9,747 2,329 1,272 2,483 2,332 7,234 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER l6, 1963 fl.4 .1(c) 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) L I A B I L I T I E S Federal Reserve notes 31,490 1,846 7,526 1,826 2,707 2,583 1,818 5,711 1,285 562 1,226 952 3,448 Deposits: Member bank reserves l6,687 728 4,392 733 1,206 772 871 2,552 619 381 806 916 2,711 U.S- Treasurer-general account 918 64 142 74 66 76 55 116 54 68 51 53 99 Foreign 1U7 7 9 i4 7 8 21 5 3 6 9 20 Other 213 1 * l 5 2 3 1 1 2 1 48 Total deposits 17,965 800 4,720 816“ 1,287 5ScP 936 2,692 579“ 453“ 865" 979 2,876 -Deferred availability cash items 6,502 486 1, 111 400 541 474 512 1,117 310 217 323 312 699 Other liabilities and accrued 10 dividends 82 k 20 3 7 5 5 l4 3 5 3 3 TOTAL LIABILITIES 56,039 3,136 13,377 3,045 4,542 3,922 3,271 9,534" 2,277 1,237 2,417 2,246 7,035 CAPITAL ACCOUNTS Capital paid in 1)87 23 130 28 45 24 27 69 17 11 21 28 64 Surplus 934 bb 251 54 87 44 51 132 32 22 40 53 124 Other capital accounts 83 b 20 3 5 7 6 12 3 2 5 5 ll TOTAL LIABILITIES AND CAPITAL ACCOUNTS 57,543 3,207 13,778 3,130 4,679 3,997 3,355 9,747 2,329 1,272 2,483 2,332 7,234 Contingent liability on accept­ ances purchased for foreign 1 correspondents 105 5 2/28 6 10 5 6 15 4 2 k 6 l4 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 32,911 1,913 7,879 1,902 2,869 2,702 "17886“ 5,877 1,349 65?“ 1,261“ 1,018 3,601 Collateral for F. R. notes: Gold certificate account 7,103 433 1,600 425 580 648 400 1,300 310 117 285 205 800 Eligible paper 79 22 25 * 32 U. S. Government securities 26,929 1,514 6,4oo 1,600 2,400 2, l40 1,550 4,800 1,100 550 1,000 875 3,000 34,111 1,947 8,000 2,047 2,980 2,813 1,950 6,100 i,4io w r 1,317 1,080 3,800 Total collateral l/ After deducting $ 109 million participations of other Federal Reserve Banks. 2/ After deducting $ 77million participations of other Federal Reserve Banks. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis