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 *or immediate release November l4> 1963 H.5.1 The average of daily figures of total member bunk reserves held during the week ended November 13 decreased a net of $124 million^to^$20,046 million. Estimated currency and coin of member banks increased $4 million ^.nd tlmir reserve balances at the Federal Reserve Banks decreased $128 million. Estimated required reserves decreased $130 million; and estimated excess reserve^ lncre^e $6 million to $482 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $182 million, compared with the revised ngure o $72 million the week before. The principal changes reducing overage reserve balances with Federal Reserve Banks were a decrease of $104 million in member bank borrowings and increases of $375 million in currency in circulation and $63 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes wro^ increases of $266 million in Federal Reserve float and $148 million in holdings of U. S. Government securities. Total Reserve Bank credit increased $296 million. As of Wednesday, November 13, holdings of U. S. Government securities bought outright were $288 million lower than a week earlier, U. S. Governmen securities held under repurchase agreement were $360 million lower, and member bank borrowings were $131 million lower. Averages of dailv figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov.' 13, Ncv. 6, Nov. l4, Nov. 13, and related items . 1963 1963 _ 1962 1963. (In millions of dollars) Reserve Bank credit U. S. Government securities— Bought outright--System account 32,880 + 58 +2,742 32,651 Held under repurchase agreement 299 + 90 + 59 Acceptances— Bought outright 45 + 1 + 10 43 Held under repurchase agreement 4 - 14 + 4 - "* Discounts and advances-- Member bank borrowings 300 -104 + 156 101 Other 30 - - + 18 31 Float 1,581 +266 + 281 1,647 Total Reserve Bank credit 35,138 +296 +3,270 34,473 Gold stock 15,582 - 1 - 396 15,583 Treasury currency outstanding 5,598 + 3 + 48 5,599 56,318 +298 +2,922 55,655 Currency in circulation 36,625 +375 +2,065 36,756 Treasury cash holdings 402 + 11 + 1 420 Treasury deposits with F. R« Banks 886 + 63 + 363 1,019 Foreign deposits with F. R. Banks 146 - 10 - TO 151 Other deposits with F. R. Banks 198 + 5 - Ill 197 Other F. R. accounts (net) 1,001 - 18 + 203 941 39,258 TW6 +27551 39,565 Member bank reserves: With Federal Reserve Banks 17,060 -128 + 471 16,171 Currency and coin (estimated) 2,986 + 4 + 158 3,583 Total reserves held 20,046 -124 + 629 19,655 Required reserves (estimated) 19,564 -130 + 718 19,557 Excess reserves (estimated) 482 + 6 - 89 107 " Government securities held in custody by On November 13, 1963, U. S• account were $8,344 million, a decrease of the Federal Reserve Banks for foreign ise of $1,257 million from the comparable $14 million for the week and an incre; 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 Nov. 13, Nov. 6, Nov. l4, 1Q63 A S S E T S Gold certificate account 13,955 - 2 - 498 Redemption fund for F. R. notes 1,346 - 2 + 113 Total sold certificate reserves * 15,301 4 4 - 385 Cash (331) 23b - 45 - 99 Discounts and advances 132 -130 + 24 Acceptances: Bought outright 43 + 9 - 24 - - Held under repurchase agreement U. S. Government securities: Bought outright-- 3,286 -288 + 897 Bills Certificates 10,712 +1,185 -- + 109 Notes 14,033 Bonds 4,620 - - + 337 Total bought outright 32.651 -288 +2,528 -360 Held under repurchase agreement +2,525 Total U. S. Government securities 32.651 Total loans and securities 32,826 -802 +2,561 Cash items in process of collection (1.177) 5,995 +561 + 272 104 — 1 Bank premises Other assets 544 + 20 - 101 TOTAL ASSETS (1.508) 55,0o4 -270 +2,247 L I A B I L I T I E S Federal Reserve notes (331) 31,529 +228 +1,976 Deposits: Member bank reserves 16,171 -800 - 244 U. S. Treasurer— general account 1,019 +343 + 552 Foreign 151 - 6 - 82 Other 197 + 10 - 128 Total deposits 17,535 -453 + 95 Deferred availability cash items (1.177) 4,348 + 21 + 77 Other liabilities and accrued dividends 87 - 6 + 13 (1.508) 53,502 -210 +2,164 TOTAL LIABILITIES C A P I T A L A C C O U N T S + 26 Capital paid in 490 Surplus 934 - - + 46 Other capital accounts 78 - 60 + 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,508) 55,004 -270 +2,247 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$ Contingent liability on acceptances purchased for foreign correspondents 105 # 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, NOVEMBER 13, 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 1 OJ 1—1 „ + 22 Discounts and Changes advances Acceptances Holdings during week Within 15 days m 6 4,098 -735 + 72 l6 days to 90 days 34 37 2,077 91 days to 1 year 1 13,010 + 15 Over 1 year to 5 years 10,962 Over 5 years to 10 years 2,285 Over 10 years 219 32,651 r555 Total 132 *3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 13, 19^3 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 13,955 679 3,597 713 1,118 929 675 2,360 562 336 591 528 1,867 Redemption fund for F. R• notes 1,346 77 324 76 117 113 78 238 56 29 50 43 145 Total gold certificate reserves 15,301 756 3,921 789 1,235 1,042 753 2,598 6l8 365 64l 571 2,012 F. R. notes of other Banks 331 25 84 38 13 15 25 25 9 36 13 17 31 Other cash 23b 14 55 11 13 11 19 35 14 9 7 8 38 Discounts and advances 132 5 13 13 5 7 28 18 3 6 20 10 4 Acceptances: Bought outright 43 _ ~ 43 U. S. Government securities: Bought outright-- Bills 3,286 172 793 174 274 224 191 557 130 58 135 133 445 Certificates 10,712 562 2,584 566 895 731 621 1,816 425 189 44l 432 1,450 Notes 14,033 737 3,386 742 1,173 957 8l4 2,378 556 247 578 566 1,899 Bonds 4,620 243 1,115 244 • 386 315 268 783 183 81 190 187 625 Total 32,651 1,714 7,878 1,726 2,728 2,227 1,894 5,53IT~ 1,294 575 1,344 1,318 4,419 Held under repurchase agreement -- -- -- -- -- -- -- -- -- Total U. S. Government securities 32,651 1,714 7,878 1,726 2,728 2,227 1,894 5,534 1,294 575 1,344 1,318 4,419 Total loans and securities 32,826 1,719 7,934 1,739 2,733 2,234 1,922 5,552 1,297 581 1,364 1,328 4,423 Cash items in process of collection 7,172 552 1,437 505 513 520 505 1,211 328 213 380 301 707 Bank premises 104 3 8 3 7 5 16 23 6 4 7 12 10 Other assets 544 29 134 29 47 34 31 89 22 9 23 24 73 TOTAL ASSETS 56,512 3,098 13,573 3,114 4,561 3,861 3,271 9,533 2,294 1,217 2,435 2,26l 7,294 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

£.4.1. (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE RANK ON NOVEMBER 13, 1963 San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Fran­ Total Boston Atlanta Chicago Dallas 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 31.860 1,863 7,674 1,843 2,730 2,609 1,838 5,751 1,304 577 1,232 954 3,485 Deposits: Member bank reserves 16,171 564 4,160 715 1,188 719 858 2,472 6o4 396 791 916 2,788 U- S. Treasurer-general account 1,019 53 187 45 58 63 80 126 44 47 73 6l 182 Foreigu 151 7 1/47 8 13 7 8 20 5 3 6 8 19 Other 197 1 127 1 1 5 1 7 l * 3 3 47 Total deposits 17,538 625"' £,521 759“ 1,260“ 795“ Wi 2,625 5547* 446 873 988" 37^35" Deferred availability cash items 5,525 534 957 413 428 379 397 928 281 157 261 230 560 Other liabilities and accrued dividends 87 5 21 4 7 5 5 16 ______3_ 2 ______3_ 4 12. TOTAL LIABILITIES 55,010 3,027 13,173 - 3,029' 4,425 3,787 3,187 9,320 2,242 1,182 --2,369 ' 2,176 7,093 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 ko 53 12,r-v 41 Other capital accounts 78 4 IS ' 3 4 6 5 12 3 2 5 b 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 56,512 3^098 13,573 3,114 4,561 3,86i 3,271 9,533 2,294 1,217 2,435 2,261 7,294 Contingent liability on accept­ a c n o c r e r s e s p p u o r n c d h en a t s e s d for foreign 105 5 2/28 6 10 5 6 15 4 2 4 6 l4 FEDERAL RESERVE AGENT'S ACCOUNTS 33,244 1,937 7,988 1,904 2,890 2,729 1,912 5,918 1,362 671 1,265 1,034 3,634 F. R- notes outstanding Collateral for F. R. notes: Gold certificate account 7,092 433 1,650 425 580 565 4co 1,300 310 119 285 205 8CC Eligible paper 28 — -- 2 -- 5 -- -- 2 - - 19 — “ - — U. S. Government securities 27,109 l, 544 6,500 1,600 2,4oo 2,180 1,550 4,8co 1,100 560 1,CCC 875 3,000 Total collateral 34,229 1,977 8,150 2,027 2,980 2,770 1,950 6,100 1,412 679 1,301 1,080 3,800 _l/ After deducting $1CL nillion participations of other Federal Reserve Banks. Less than $500,000. 2/ After deducting $ 77 nillion participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis