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 31, 1963 H.4.1 The average of daily figures of total member bank reserves held during the week ended October 30 decreased a net of $200 million to $19,751 million. Estimated currency and coin of member banks increased $107 million and their reserve balances at the Federal Reserve Banks decreased $307 million. Estimated required reserves decreased $99 million^ and estimated excess reserves decreased $101 million to $327 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $128 million, compared with the revised figure of $67 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $514 million in Federal Reserve float and $162 million in member bank borrowings. The principal offsetting changes were increases of $187 million in U. S. Government securities bought outright and $6l million held under repurchase agreement, and a decree.se of $99 million in currency in circulation. Total Reserve Bank credit decreased $426 million. As of Wednesday, October 30, holdings of U. S. Government securities bought outright were $413 million higher than a week earlier, U* S. Government securities held under repurchase agreement were $93 million higher, and member bank borrowings were $90 million lover. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 30, Oct. 23, Oct. 31, Oct. 30, and related items__ 1063 1963___ 1962 _. ..,1963- (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 32,413 +187 +2,560 32,686 Held under repurchase agreement 61 + 61 + 26 93 Acceptances-- Bought outright 42 + 1 + 6 43 Held under repurchase agreement 2 + 2 + 2 5 Discounts and advances-- Member bank borrowings 199 -l62 + 120 185 30 - 1 + 18 30 Other Float l,4l6 -514 - 59 1,159 +2,672 35,20I Total Reserve Bank credit 34,163 Gold stock 15,582 + 1 - 424 15,583 Treasury currency outstanding 5,590 + 7 + 38 5,593 55,335 -417 +2,286 55,377 Currency in circulation 36,066 - 99 +2,024 36,155 Treasury cash holdings 398 + 4 8 398 Treasury deposits with F. R. Banks 906 - 9 + 365 762 Foreign deposits with F. R* Banks 167 - 4 - 4o 183 Other deposits with F. R. Banks 197 + 9 - 114 197 Other F.R. accounts (net) 1,048 - 12 + 376 1,014 38,782 -111 +2,664 38,708 Member bank reserves: 16,668 With Federal Reserve Banks 16,553 -307 - 319 Currency and coin (estimated) 3,188 +107 + 253 3,55o Total reserves held 19,751 -200 - 66 20,208 Required reserves (estimated) 19,4i4 - 99 + 61 19,540 Excess reserves (estimated) 327 -101 - 127 668 On October 30, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,219 million, an increase of $8l million for the week and an increase of $1,682 million from the comparable Digitized for FRASER date a year 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 Oct. 30, Oct. 23, Oct. 31, 1963 1963 1962 A S S E T S Gold certificate account 13,967 + 15 - 514 Redemption fund for F. R. notes 1, 343 - 1 + 132 Total gold certificate reserves 15,310 + 14 - 382 * Cash (455) 300 - 3 - 66 Discounts and advances 215 - 90 4 Acceptances: Bought outright 43 + 2 + 9 Held under repurchase agreement 5 + 5 + 5 U. S. Government securities: Bought outright— Bills 3,443 +413 +1,065 Certificates 10,712 ... -- +1,170 Notes 13,993 — + 91 Bonds 4,538 — + 407 Total bought outright 32/68T +4i3 +2,733 Held under repurchase agreement 93 + 93 - 155 Total U. S. Government securities 32,779 +506 +2,578 Total loans and securities 33,042 +423 +2,588 Cash items in process of collection (1,295) 5,228 -312 + l64 Bank premises 104 -- l Other assets 509 + 72 - 90 TOTAL ASSETS (1,750) 54,493 +194 +2,213 L I A B I L I T I E S Federal Reserve notes (455) 30,987 + 12 +1,956 Deposits: Member bank reserves 16,668 +288 - 153 U. S. Treasurer--general account 762 - 6l + 249 Foreign 183 - 13 + l Other 197 + 14 - 112 Total deposits 17,810 +228 - 15 Deferred availability cash items (1,295) 4,069 - 73 + 176 Other liabilities and accrued dividends 86 + 8 + 11 TOTAL LIABILITIES (1,750) 52,952 +17.5 +2,128 C A P I T A L A C C O U N T S Capital paid in 489 + l + 26 Surplus 934 -- + 46 Other capital accounts 118 + 18 + 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,750) 54,493 +194 +2,213 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) 3l*l/o 1 1— • { - 2.1/ Contingent liability on acceptances purchased for foreign correspondents 105 + 1 + 36 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 30, 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 Chang advances Acceptances Holdings during 1 Within 15 days 182 12 428 + 70 16 days to 90 days 3 36 6,047 + 170 91 days to 1 year 30 - - 12,961 +266 Over 1 year to 5 years - - — 10,909 — Over 5 years to 10 years - - -- 2,225 -- Over 10 years „ - 209 Total 215 58 32,779 +506 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BMK ON OCTOBER 30, 1953 H.4.1(h) 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) A S S E T S Gold certificate account 13,967 692 3,579 723 1,072 1,014 722 2,316 589 301 584 488 1,887 Redemption fund for F. R. notes 1,3*6 75 321 75 118 115 78 239 54 28 _§1. 43 2,0 l 3 4 3 6 Total gold certificate reserves 15,310 757 3,900 798 1,190 1,129 800 2,555 653 329 635 531 455 39 120 6l 20 20 32 29 13 41 15 20 45 F- R- notes of other Banks 300 18 64 15 25 21 23 42 16 11 9 12 44 Other cash Discounts and advances 215 k 21 20 5 26 37 *6 1 8 19 24 7 Acceptances: — __ -- -- -- -- -- — -- Bought outright *6 _ *6 Held under repurchase agreement 5 - - 5 ~ — U. S. Government securities: Bought outright-- Bills 3,443 180 870 177 286 230 188 578 136 65 143 135 455 Certificates 10,712 560 2,706 551 891 713 584 1,799 425 202 445 421 1,415 Notes 13,993 732 3,535 720 1,163 932 762 2,350 555 263 582 551 1,848 Bonds h 538 238 l,l46 234 377 302 247 762 18c ____85 189 179 599 Total 32,686 1,710 8,257 1,682 2,717 2,177 1,781 5,489 1,296 615 1,359 1,286 4,317 Held under repurchase agreement 93 — 93 -- -- -- — -- -- — “ “ ** — Total U- S. Government securities 32,779 1,710 8,350 1,682 2,717 2,177 1,781 5,489 1,296 615 1,359 1,286 4,317 Total loans and securities 33,c42 1,714 8,419 1,702 2,722 2,203 1,818 5,532 1,297 623 1,378 1,310 4,324 Cash items in process of collection 6,523 450 1,273 4o4 524 474 495 1,057 320 217 356 294 659 Bank premises ic4 3 8 3 7 5 16 23 6 4 7 12 10 Other assets 509 26 130 28 44 32 28 80 20 11 . 21 22 67 TOTAL ASSETS 56,243 3,017 13,91^ 3,011 4,532 3,884 3,212 9,318 2,315 1,236 2,421 2,201 7,182 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON OCTOBER SO, 19^3 San Total Boston N Y e or v k d P e h l i ph l i a a ­ Cl l e a v n e d ­ R m i o c n h d ­ Atlanta Chicago L S o t u . is M a i p n o n li e s ­ Ka C n i s t a y s D&ll&s F c r i a s n co ­ (in millions of dol]Lars) L I A B I L I T I E S .Federal Reserve notes 31,442 1,835 7,531 1,823 2,699 2,584 1,817 5,695 1,286 571 1,223 948 3,430 Deposits: Member bank reserves 16,668 644 4,741 713 1,162 715 8l4 2,406 616 393 792 861 2,811 U.S. Treasurer-general account 762 43 95 40 53 93 68 65 91 56 48 49 6l Foreign 183 8 1/65 9 15 8 9 23 5 4 7 9 21 Other 197 * 136 * 1 4 1 3 1 * 2 l kQ Total deposits 17,810 695" 5,037 762“ 1,231 ssr 892" 2,497 713 453“ 849“ 920 2,941 Deferred availability cash items 5,364 4io 913 335 455 398 4il 892 260 175 278 242 595 Other liabilities and accrued dividends 86 4 23 4 7 5 5 l4 3 2 4 4 11 TOTAL LIABILITIES 54,702 2,944" 13,504 2,924 4,392 3,807 3,125 9,098 2,262 1,201 2,354" 2, ll4 6,977 CAPITAL ACCOUNTS Capital paid in 489 23 130 28 45 24 28 69 17 11 21 28 65 Surplus 934 44 251 54 87 44 51 132 32 22 40 53 124 Other capital accounts 118 6 29 5 8 9 8 19 4 2 6 6 16 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 56,243 3,017 13,914 3,011 4,532 3,212 9,318 2,315 1,236 2,421 2,201 7,182 Contingent liability on accept­ ances purchased for foreign correspondents________________ 105 5 2/28 6 10 5 6 15 4 2 4 6 14 FEDERAL RESERVE AGENT’S ACCOUNTS F. R. notes outstanding 32,964 1,912 7,909 1,898 2,865 2,700 1,900 5,88$ 1,355 661 1,261 1,030 3,586 Collateral for F. R. notes: Gold certificate account 7,062 433 1,600 425 580 605 400 1,300 310 119 285 205 800 Eligible paper 48 5 -- 25 — -- * — 18 -- U- S. Government securities 26,909 1,514 6,400 1,600 2,400 2,120 1,550 4,800 1,100 550 1,000 875 3,000 Total collateral 34,019 1,947 8,000 2,030 2,980 2,750 1,950 6,100 i,4io 669 1,303 1,080 3,800 * Less than $500,000. l/ After deducting $118 million participations of other Federal Reserve Banks. 2/ After deducting $ 77 million participations of other Federal Reserve Banks- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis