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.i November 7, 1963 The average of daily figures of total member bank reserves held during the week ended November 6 increased a net of $4l8 million to $20,17** million. Estimated currency and coin of member banks decreased $217 million and their reserve balances at the Federal Reserve Banks increased $635 million. Estimated required reserves increased $243 million; and estimated excess reserves increased $175 million to $525 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $121 million, compared with the revised figure of $151 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $409 million in U. S. Government securities bought outright and $l48 million held under repurchase agreement and $205 million in member bank borrowings, and a decrease of $83 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $101 million in Federal Reserve float and an increase of $184 million in currency in circulation. Total Reserve Bank credit increased $679 million. As of Wednesday, November 6, holdings of U. S. Government securities bought outright were $253 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $267 million higher, and member bank borrowings were $47 million higher. Outright holdings of bills, notes, and bonds increased $131 million, $40 million, and $82 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 6, Oct. 30, I Nov,. 7, Nov. 6, and related items 1963 1963____ L__ 1962 1963 (in millions of dollars) Reserve Bank credit U. S. Government securities-- Bought outright--System account 32,822 +409 +2,774 32,939 Held under repurchase agreement 209 +l48 + 22 360 Acceptances— Bought outright 44 + 2 + 9 43 Held under repurchase agreement 18 + 16 4* 18 24 Discounts and advances-- Member bank borrowings 4o4 +205 + 246 232 Other 30 -- + 18 30 Float 1,315 -101 4- 68 1,107 Total Reserve Bank credit 34,81*2 +879 +3,156 34,735 Gold stock 15,583 + 1 39** 15,583 Treasury currency outstanding 5,595 + 5 + 40 5,596 56,020 +685 +2:,802 55,91** Currency in circulation 36,250 +184 4-2:,019 36,498 Treasury cash holdings 391 - 7 - 19 398 Treasury deposits with F. R. Banks 823 - 83 + 431 676 Foreign deposits with F. R. Banks 156 - 11 - 28 157 Other deposits with F. R. Banks 193 - 4 - 109 187 Other F. R. accounts (net) 1,019 - 29 4- 197 1,027 38^32 + 50 +2,492 387953 Member bank reserves; With Federal Reserve Banks 17,188 +635 4- 310 16,971 Currency and coin (estimated) 2,986 -217 4- 305 3,109 Total reserves held 20,174 +43B 4--~5l5 20,080 Required reserves (estimated) 19,649 +243 4- 639 19,752 Excess reserves (estimated) 525 +175 - 24 328 On November 6, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,358 million, an increase of $139 million for the week and an increase of $1,298 million from the comparable Digitizedd faort FeR AaS EyRe 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 BANitS (In millions of dollars) Nov. 6, Odt. 30, Nov. 7, 1963 1963___ -1962 . _ A S S E T S Gold certificate account 13,957 - 10 - 524 i4o Redemption fund for F. R* notes 1,348 + 5 + Total gold certificate reserves 15,305 - 5 * Cash (370) 279 - 21 - 72 Discounts and advances 262 + 47 - 317 Acceptances: Bought outright 43 _ _ + 9 Held -under repurchase agreement 24 + 19 + 24 U. S. Government securities: Bought outright-- Bills 3,574 +131 +1,181 Certificates 10,712 -- +1,185 Notes 14,033 + 40 + 109 Bonds 4,620 + 82 + 337 Total hought outright 32,939 +253 +2,8l2 Held under repurchase agreement 360 +267 + 163 Total U. S. Government securities 33,299 +520 +2,975 Total loans and securities 33,628 +586 +2,691 Cash items in process of collection (1,096) 5,434 +207** + 651 Bank premises 104 -- 1 Other assets 524 + 15 - 98 TOTAL ASSETS (1,466) 55,274 +782** +2,787 L I A B I L I T I E S Federal~Reserve notes (370) 31,301 +314 +1,937 Deposits: Member bank reserves 16,971 +303 + 275 U. S. Treasurer--general account 676 - 85** + 351 Foreign 157 - 26 - 37 Other 187 - 10 - 132 Total deposits 17,991 +152** + 457 Deferred availability cash items (1,096) 4,327 +258 + 284 Other liabilities and accrued dividends 93 + 7 + 17 TOTAL LIABILITIES (1,466) 53,712 +751** +2,695 C A P I T A L A C C O U N T S Capital paid in 490 + 1 + 26 Surplus 934 + 46 Other capital accounts 138 + 20 + 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,466) 55,274 +782** +2,787 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) 30A - 2.1 Contingent liability on acceptances purchased for foreign correspondents 105 38 '* Figures in parentheses are the eliminations made in the consolidating process; _____see comparable figures on combined basis on the following p a g e s . _________ MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER 6, 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 229 32 4,833 +4,405 l6 days to 90 days 3 35 2,005 -4,042 91 days to 1 year 30 - - 12,995 + 34 Over 1 year to 5 years — 10,962 + 53 Over 5 years to 10 years «... 2,285 + 60 Over 10 years - - 219 + 10 Total m 57 33,299 + 520 Digitize*d* f orO FcRtAoSbEeRr 30 figures revised. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF' EACH FEDERAL RESERVE"BANK ON NOVEMBER 6, 1963 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 dollLars) A S S E T S Cold certificate account 13,957 631 3,437 784 1,183 882 832 2,259 522 291 611 589 1,936 Redemption fund for F. R. notes 1,348 77 324 75 118 114 78 238 56 29- .-51— 43_ 145 Total gold certificate reserves 15,305 708 3,761 859 1,301 996 910 2,497 578 320 662 632 2,081 F. R. notes of other Banks 370 33 92 48 14 15 27 22 11 41 12 17 38 Other cash 279 16 57 13 26 20 22 40 15 10 9 10 4l Discounts and advances 262 12 59 l4 4 14 23 71 1 2 45 13 4 Acceptances: Bought outright 43 -- ^3 -- ~ - - - ** - ~ — *" “ ** ** ■" Held under repurchase agreement 24 24 - - “ - “ il. S. Government securities: Bought outright— Bills 3,57V 191 884 187 297 247 191 607 l4o 69 145 138 478 Certificates 10,712 573 2,651 561 890 741 572 1,819 419 207 435 413 1,431 Notes 14,033 751 3,472 735 1,166 970 750 2,382 549 271 571 542 1,874 Bonds 4,620 248 1,143 242 384 320 247 784 180 89 188 178 617 Total 32,939 1,763 8,150 1,725 2,737 2,278 1,760 5,592 1,288 636 1,339 1,271 4,400 Held under repurchase agreement 1 111..360 — 36o .. - - - - - -- -- -- -- -- . Total U. S. Government securities 33-299 1,763 8,510 1,725 2,737 2,278 1,760 5,592 1,288 636 1.339- li,22l_ 4.4oo Total loans and securities 33,628 1,775 8,636 1,739 2,7Vl 2,292 1,783 5,663 1,289 638 1,384 1,284 4,4o4 Cash items in process of collection 6,530 494 1,136 467 503 503 48l 1,039 327 228 335 320 697 Bank premises 104 3 8 3 7 5 16 23 6 4 7 12 10 Other assets -.J.CiCT.—. <k;Q 1 3P ?8 2j.q 28 Pi ft— 21- - 10-_____21- PP -----ZQ_ TOTAL ASSETS 56,740 3,057 13,822 3,157 4,637 3,864 3,267 9,370 2,247 1,251 2,430 2,297 7,34l Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAM ON NOVEMBER 6, 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 dol] Lars) L I A B I L I T I E S Federal Reserve notes 31,671 1,844 7,628 1,833 2,707 2,597 1,832 5,719 1,297 576 1,228 951 3,459 Deposits: Member bank reserves 16,971 669 4,478 758 1,276 703 903 2,504 626 410 824 944 2,876 U.S. Treasurer-general account 676 30 159 27 65 4l 43 55 12 47 45 38 114 Foreign 157 7 1/57 8 13 6 7 19 5 3 6 8 18 Other 187 * ,.117 1 1 5 2 3 * * 2 1 55 Total deposits 17,991 706 4,811 1,355 755 955 2,581 643“ 465" w r ~ 95T~ 3,063 Deferred availability cash items 5,423 429 939 438 426 428 388 831 250 177 253 264 600 Other liabilities and accrued dividends 93 4 29 4 7 6 4 16 3 2 4 3 11 TOTAL LIABILITIES 55,17^ 2,983 13,407 3,069 4,495 3,786 3,179 9,147 2,193 1,215 2,362 2,2o9 7,133 CAPITAL ACCOUNTS Capital paid in 490 23 130 28 45 24 28 69 17 11 21 28 66 Surplus 934 44 251 54 87 44 51 132 32 22 4o 53 124 Other capital accounts 138 1 7 34 6 10 10 9 22 5 3 7 7 18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 56,740 3,057 13,822 3,157 4,637 3,861. 3,267 9,370 2,247 1,251 2,430 2,297 7,341 Contingent liability on accept­ ances purchased for foreign correspondents 105 5 2/28 6 10 5 6 15 4 2 4 6 l4 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 33,037 1,917 7,935 1,900 2,865 2,706 1,904 5,897 1,363 666 1,261 1,025 3,598 Collateral for F. R. notes: Gold certificate account 7,042 433 1,600 425 580 585 400 1,300 310 119 285 205 800 Eligible paper 6l «... 5 - _ 13 — - - - - — 43 -- -- U. S. Government securities 27.069 1,514 6,500 1,600 2,400 2,180 1,550 4,800 1,100 550 1,000 875 3,000 Total collateral 34,172 1,947 8,100 2,030 2,980 2,778 1,950 6,100 i,4io 669 1,328 1,080 3,800 l/ After deducting $ ioomillion participations of other Federal Reserve Banks. * Less than $500,000. Digitized f2o/r F RAAfStEeRr deducting $ 77million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis