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 For immediate release Condition Statement of F.R. Banks October 24* 1963 The average of daily figures of total member bank reserves held during the week ended October 23 decreased a net of $11 million to $19>976 million. Estimated currency and coin of member banks increased $23 million and their reserve balances at the Federal Reserve Banks decreased $34 million* Estimated required reserves decreased $56 million; and estimated excess reserves increased $47 million to $430 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $69 million* compared with the revised figure of $74 million the week before. The principal changes reducing avero.ge reserve balances with Federal Reserve Banks were decreases of $295 million in U* S. Government securities bought outright and $263 million held under repurchase agreement. The principal offsetting changes were increases of $363 million in Federal Reserve float and $52 million in member bank borrowings * and decreases of $70 million in currency in circulation and $47 million in "other11 F. R. accounts (net). Total Reserve Bank credit decreased $148 million. As of Wednesday* October 23* holdings of U. S. Government securities bought outright were $62 million lower than a week earlier* U* S. Government securities held under repurchase agreement were $78 million lower* and member bank borrowings were $102 million lower. Averages of daily figures Member "bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 23; Oct. 16, Oct. 24, Oct. 2; and related items 1963 1963 1962 1963 millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright— System account 32,226 -295 +2,295 32,273 Held under repurchase agreement - ** -263 “* — Acceptances-- Bought outright 4l + 3 + 6 41 Held under repurchase agreement -- - 9 — — ~ Discounts and advances— Member hank borrowings 361 + 52 + 305 275 Other 31 + 1 + 20 30 Float 1,930 +363 - 153 1,398 Total Reserve Bank credit 34,589 1158 +2,473 35,017 Gold stock 15,581 - 2 - 471 15,583 Treasury currency outstanding 5,583 + l + 32 5,587 55,752 -150 +2,034 55,187 Currency in circulation 36,165 - 70 +2,050 36,145 4 4oi Treasury cash holdings 394 + 2 823 Treasury deposits with F. R. Banks 915 - 15 + 396 Foreign deposits with F. R. Banks 171 + 21 - 40 196 Other deposits with F. R. Banks 188 - 6 - 127 183 Other F. R. accounts (net) 1,060 - 47 + 376 1,059 387893 -115 +2,651 387807 Member hank reserves: With Federal Reserve Banks 16,860 - 34 - 616 16,380 Currency and coin (estimated) 3,116 + 23 + 234 3,456 Total reserves held 19,976 - 11 - 382 19,836 Required reserves (estimated) 19,546 - 58 - 307 19,507 Excess reserves (estimated) 430 + 47 - 75 329 On October 23* 1963* U- S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8*138 million* an increase of $194 million for the week and an increase of $9^7 million from the comparable Digitizedd afotre F RaA SEyRe ar ago. 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 let. 23, Oct. l6, Oct. 24, 1963 1963 .. _ 1962 A S S E T S Gold certificate account 13,952 - 16 - 57^ Redemption fund for F. R• notes 1,3M+ + 12 + 136 Total gold certificate reserves * 15,296 4 - 436 65 Cash (^55) 303 + 15 305 - 102 + 149 Discounts and advances Acceptances: 4l + 1 + 7 Bought outright — 6 Held under repurchase agreement U. S. Government securities: Bought outright-- 3,030 - 62 + 772 Bills 10,712 — +1,170 Certificates -- + 91 13,993 Notes 4,538 — + 407 Bonds 32,273 - 62 +2,44o Total bought outright -- - 78 Held under repurchase agreement 7 i40 +2,440 Total U. S. Government securities 32,273 32,619 - 247 +2,596 Total loans and securities 5,540 -1,078 + 305 gash items in process of collection (1,313) 104 -- 2 Bank premises Other assets 437 + 17 - 281 TOTAL ASSETS (1,768) 54,299 -1,297 +2,115 L I A B I L I T I E S Federal Reserve notes (5-55) 30,975 - 97 +1,990 Deposits: Member bank reserves 16,380 - 307 - 587 + 328 U. S. Treasurer--general account 823 196 + 49 21 Foreign 183 - 30 - Il4 Other 17,582 - 363 - -395 Total deposits 4,142 - 831 + 431 Deferred availability cash items (1,313) 78 4 + 6 Other liabilities and accrued dividends TOTAL LIABILITIES (1,768) 52,777 -1,315 +2,033 c a p i t a l a c c o u n t s 488 + 1 + 25 Capital paid in 934 -- + 46 Surplus 100 + 17 + 11 Other capital accounts . . — TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,768) 5544,,229999 -1,297 +2,115 Ratio of gold certificate reserves to deposit andF. R. note liabilities combined (com­ puted from figures as shown on the fol­ 31-2$ + -3$ - 2.0$ lowing pages--not consolidated) Contingent liability on acceptances purchased for foreign correspondents 104 1 _____ ^ * Figures~!n 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 23, 19p3 (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 273 6 358 -150 l6 days to 90 days 2 35 5,877 +193 91 days to 1 year 30 12,695 -183 Over 1 year to 5 years - - 10,909 Over 5 years to 10 yea: - - 2,225 Over 10 years _______ mm - 209 Total 305 sr 32,273 7153 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23, 1963 H.U.l(h) San New Phila­ Cleve- Rich­ Atlanta Chicago St. Minne­ Kansas Dallas Fran­ Total Boston York delphia land mond Louis apolis City cisco (In millions of dolJLars) a s s e t s G R o ed l T e d o m t p a c t l e i rt o g i n o f l i d f c u a n c t d e e r t f a o i c r f c i o c F. u a n t t e R * r n e o s t e e r s v es 1 1 3 5 1 , , 9 i 2 l 5 9 +l 2 6 + ---- 6 - 7 9 6 7 - 5 M I 9 + — 3 3, ,1 7 3 + 8 2 6 2 1 1 7 7 0 8 75 9 I+ 1 1 , , 1 1 21 2 1 + 8 9 7 i, 8 1 o 9 1 i 6 5 i 7 8 I 7 1 + 8 9 I . 2 2, ,1 6 2 + 6 3 2 8 S 9 __ 5 5 2 5 7 3 1 7 *- - 2 2 2 2 5 5 9 I+ — 6 6 1 6 5 6 j 5 5 3 7 + l 7 + i_ - 1 2 - , , I 9 l I l 9 + + 7 5 2 — F. R. notes of other Banks 1 3 + 0 5 3 5 1 i + s 0 11 6 9 3 6 1 1 7 + 1 26 7 2 2 3 2 3 2 l 3 + 2 1+ 7 3 1 1 3 7 3 1 8 1 15 9 1 1 9 1 1 1+ + 3 6 Other cash Discounts and advances 305 1+ 66 18 5 15 1+7 70 3 2 1+1 27 7 Acceptances: in -- 1+1 — __ --- - - — « — tm — Bought outright U. S* Government securities: Bou B B N C g i o o e h l n t T r t l d e o t s s s t i a o f l i u c t a r t i e g s ht - - 1 1 3 3 ^ 3 2 0 , , , , ,7 0 9 2 5 1 3 9 7 3 2 0 3 3 8 *177 1 5 2 7 1 0 6 6 3 + 3 5 0 8 0 2 3 l 7 , , , , 1 1 7 6 9 + 2 5 5 9 6 l 1 1 6 7 + + 1J 1 5 7 2 5 5 5 3 2 B 8 8 6 9 T"2 1 7 , 6 8 2 3 1 6 8 5 7 5 8 1 5 5 7 2, 2 1 7 3 9 0 2 9 C 5 6 9 5 8 2 1, l 7 5 7 2 9 6 7 5 9 l 8 2 7 1 + 2 1 5, , ,8 1 3 5 7 + 0 0 5 6 2 0 9 3 1 3 __ 1 _ ,3 1 1 5 1 + 0 2 6 8 3 2 5 2 1 2 _ 2 2 6 6 0 5 8 2 , 6 8 9 0 7 ____ 1,3 1 1 5 1 + 1 2 8 1 9 + + 7 0 I 9 8 + 1, 1 1 5 1 2 + 2 8 5 8 2 0 6 2 0 6 1 l 1 + , , , 8 1 1 6 2 1 + + 0 6 + 1 0 0 3 8 5 0 Held under repurchase agreement 32,273 1,703 7,996 1,681 2,668 _ 2,195 1,791 ,5j+23_. 1,302. 620 -iait9 1,282 1+1263 mxOuGStX tUt * DC! * C\j*rrOiVtr col Illlit-llu o cctu Total loans and securities 32,619 1,707 8,103 1,699 2,673 2,210 1,838 5,1+93 1,305 622 1,390 1,309 l+,270 Cas c h o ll i e te c m t s i on in process of 6,8 i 5 o 3 4 1+7 3 8 1,255 8 1+2 3 3 528 7 539 5 51 16 7 1,0 6 2 1 3 + 322 6 21+ 1 1 + 392 7 35 1 0 2 71 1 +1 0 + Bank premises 22 109 23 37 28 25 71.. 18 9 _ _ 2 S _ 1 9 SR Other assets l TOTAL ASSETS 56,067 3,037 13,1+39 3,013 l+,535 3,838 3,272 9,389 2,258 1,179 2,1+97 2,297 7,313 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(e) ..... STATEMENTOF- CONDITION OF EACH. EEDERAL RESERVE BANK OK' OCTOBER 23, 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) l i a b i l i t i e s 1 Federal Reserve notes 31,$30 l,8Uo 7,519 1,623 2,70l* 2,576 1,811 5,708 1,285 566 1,220 9$9 3, $29 Beposits: Member hank reserves 16,380 620 $,27$ 700 1,199 69$ 86$ 2, $56 597 3$$ 83$ 905 2,893 U. S- Treasurer-general account 823 63 120 1*5 1*1 77 70 107 53 hk 60 5$ 89 Foreign 19b 9 1/61* 10 17 9 10 25 6 h 8 10 2$ Other 183 * 121 l 1 $ 1 3 1 * 2 1 $8 Total deposits 17,582 692 $, 579 756 1,258 78$ 9 $5 2,591 w r 392 90$ 970 3705T Deferred availability cash items 5, $55 1*29 917 3$$ 1*28 398 $27 859 260 18$ 30$ 287 618 Other liabilities and accrued UIi Vv i 78 l* 18 1* 7 $ $ 1$ ______i_ 2 ______3_ $ 11 TO XU T .C A U L U .D LIABILITIES 5$, 5$5 2,965 13,033■ 2,927 $,397 3,762 3,187 9,172 2,205 1,1$$ 2, $31 2,210 7,112 CAPITAL ACCOUNTS Capital paid in 1*88 23 130 28 $5 2$ 28 69 17 11 21 28 6$ Surplus 93$ 1*1* 251 5$ 87 $$ 51 132 32 22 ko 53 12$ Other capital accounts 100 5 25: k 6 8 6 16 $ 2 5 6 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 56,067 3,037 13,1*39 3,013 $,535 3,838 3,272 9,389 2,258 1,179 2, $97 2,297 7,313 Contingent liability on accept­ ances purchased for foreign c orre spondent s 10$ .. _ L 2/28 6 10 5 6 15 3 2 k 6 1$ FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 32,932 1,907 7,891 1,896 2,865 2,702 1,89$ 5,888 l,3$$ 656 1,256 1,03$ 3,599 Collateral for F. R. notes: Gold certificate account 7,0$6 $33 1,600 $25 580 590 $00 1,300 310 118 285 205 800 2 $0 E U l . ig S i . b G le o v p e a rn p m er ent securities 26,93 59 $ 1,51$ 6, $00 1,600 3 2, $00 2,1$ 1 5 $ 1,550 $,800 1,100 550 1,000 875 3,000 Total collateral 3$,039 1,9$7 8,000 2,028 2,980 2,7$9 1,950 6,100 1, $12 668 1,325 1,080 3,800 1/ After deducting $132 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 76 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis