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 ^2. November- 21, 1963 The average of daily figures of total member bank reserves held during the week ended November 20 increased $153 million to $20,217 million. Estimated currency and coin of member banks increased $133 million and their reserve balances at the Federal Reserve Banks increased $20 million. Estimated required reserves increased $65 million; and estimated excess reserves increased $88 million to $5ll+ million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $83 million, compared with the revised figure of $126 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $599 million in Federal Reserve float and $131 million in member bank borrowings. The principal offsetting changes were a decrease of $230 million in Federal Reserve holdings of U. S. Government securities and increases of $210 million in "other" F. R. accounts (net), $159 million in Treasury deposits with Federal Reserve Banks, and $97 million in currency in circulation. Total Reserve Bank credit increased $497 million. As of Wednesday, November 20, holdings of U• S. Government securities bought outright were $296 million higher than a week earlier, U. S- Government securities held under repurchase agreement were $107 million higher, and member bank borrowings were $286 million higher. Outright holdings of bills increased $296 million. Holdings of certificates decreased $3,646 million and notes in­ creased $3,646 million, reflecting the exchange of $3,646 million certificates and $217 million notes maturing November 15 for $3;863 million of 3“7/8 Per cen^ notes maturing May 15, 19^5• Averages of daily figures Member bank reserves, Week ended Change frcm week ended Wednesday, Reserve Bank eredit, Nov. 20, Nov. 13,| Nov. 21, Nov. 20, and related items 1063 106^ 1 1Q62 .. 106^_ (in millions of dollars; Reserve Bank credit: U. S. Government securities-- Bought outright--System account 32,773 -1C7 +2,729 32,947 Held under repurchase agreement 176 -123 + ll6 107 Acceptances— Bought outright 44 - 1 + 10 43 Held under repurchase agreement -- - 4 — — — Discounts and advances— Member bank borrowings 431 +131 + 338 387 Other 31 + l + 19 32 Float 2,180 +599 + 124 2,069 Total Reserve Bank credit 35,635 +497 +3,336 35,585 Gold stock 15,582 -- - 396 15,583 Treasury currency outstanding 5,596 - 2 + 46 5,592 56,812 +494 +2,985 56,760 Currency in circulation 36,722 + 97 +2,038 36,784 Treasury cash holdings 403 + 1 + 9 396 Treasury deposits with F. R. Banks 1,045 +159 + 581 1,018 Foreign deposits with F. R. Banks 144 - 2 - 49 151 Other deposits with F. R. Banks 2C8 + 10 81 195 Other F. R. accounts (net) 1,211 +210 + 191 1,250 39,733 +475 +2,689 39,794 Member bank re serve s: With Federal Reserve Banks 17,080 + 20 + 297 16,966 Currency and coin (estimated) 3,137 +133 + 235 3,414 Total reserves held 20,217 +153 + 532 20,380 Required reserves (estimated) 19,703 + 65 + 625 19,829 Excess reserves (estimated) 514 + 88 - 93 551 On November 20, 1963* U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,329 million, a decrease of Digitized$ f1o5r FRmAiSlElRi on for the week and an increase of $1,223 million from the comparable date http://fraser.stlouisfed.org/ a year ago. Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) _____Change since Nov. 20, Nov. 13, Nov. 21, 106^_______19.63-- 1962— A S S E T S Gold certificate account 13,9*6 9 - 52* Redemption fund for F. R. notes 1,3*8 + 2 + 110 Total gold certificate reserves 15,29* 7 SL Cash (355) 2*5 + 11 - 78 Discounts and advances hig + 287 + 280 Acceptances--"bought outright *3 — *“ + 8 U. S. Government securities: Bought outright-- Bills 3,582 + 296 +1,259 Certificates 7,066 -3,6*6 -6,119 Notes 17,679 +3,6*6 +7,053 Bonds b, 620 — + 687 Total bought outright 32,9*7 + 296 +2,800 Held under repurchase agreement 107 + 107 - 17 Total U. S. Government securities 33,05^ + *03 +2,863 Total loans and securities 33,516 + 690 +3,151 Cash items in process of collection (1,3*6) 6,728 + 733 + 552 Bank premises 10* — 1 Other assets 25* - 290 - 127 TOTAL ASSETS (1,701) 56,1*1 +1,137 +3,083 L I A B I L I T I E S Federal Reserve notes (355) 31,5** + 15 +1,800 Deposits: Member bank reserves 16,966 + 795 + 82 U. S. Treasurer--general account 1,018 1 + 708 Foreign 151 -- 62 Other 195 2 - 67 Total deposits 18,330 + 792 + 661 Deferred availability cash items (1,3*6 ) *,659 + 311 + 527 Other liabilities and accrued dividends 88 + 1 + 12 TOTAL LIABILITIES (1,701) 54,62l" +1,119 +3,000 C A P I T A L A C C O U N T S Capital paid in *90 -- + 26 Surplus 93* -- + *6 Other capital accounts 96 + 18 + 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,701) k> 11—l +1,137 +3,083 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) 30 .*# - .6$ - 2.% Contingent liability on acceptances purchased for foreign correspondents 105 -- + 17 * 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 20, 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 382 11 837 -3,261 16 days to 90 days 36 32 5,639 +3,562 91 days to 1 year 1 -- 15,630 +2,620 Over 1 year to 5 years -- -- 8, *52 -2,510 Over 5 years to 10 years -- 2,277 8 Over 10 years ~ - -- 219 -- Digitized for FTRoAtSaElR *19 *3 33,05* + *03 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4l(h) ' ■■;S3ftTEMEM'OF’COHDITICffl OF MCH FEDEML“ HESEKVF BAM ON NOVEMBER 20, 1963 San Total Boston N Y e or v k d P e h l i p l hi 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 ol n i e s ­ Ka C n i s t a y s Dallas F c r i a s n co ­ (In millions of do.Liars) A S S E T S Gold certificate account 13,946 718 3,513 694 1,099 925 721 2,386 549 269 593 546 1,933 Redemption fund for F. R. notes 1,348 78 322 76 117 111 78 237 ____________ £6_..... -2a..____ 52_ ....... 43- 149 Total gold certificate reserves 15,29i 796 3,835 770 1,216 1,036 799 2,623 605 2£8 645 589 2,082 F. R. notes of other Banks 355 23 89 33 12 19 29 25 11 37 13 19 45 Other cash 245 15 58 12 12 13 22 34 14 9 8 9 39 Discounts and advances 1+19 3 195 33 27 12 26 28 5 1 51 34 4 Acceptances: Bought outright 43 -- 43 -- -- -- -- — — — -- -- -- U. S. Government securities: Bought outright-- Bills 3,582 186 883 186 305 242 200 601 l4i 71 144 l4l 482 Certificates 7,066 368 1,742 366 602 477 395 1,185 278 139 284 279 951 Notes 17,679 920 4,358 917 1,506 1,193 988 2,964 696 348 711 698 2,380 Bonds 4,620 24o 1,139 240 393 312 259 774 182 . S L . 186 182 622 Total 32,w 1/714 8,122 1,709 2,806 2,224 1,842 5,524 1,297 649 1,325 1,300 4,435 Held under repurchase agreement 1 07 — -1U0J7J— ** — — - — .... Total U. S- Government securities 33,05b 1,714 8,229 1,709 2,806 2,224 1,842 5.524 1.297 649 1,325-.1,3.00- 4.4^-— Total loans and securities 33,5i6 1,717 8,467 1,742 2,833 2,236 1,868 5,552 1,302 650 1,376 1,334 4,439 Cash items in process of collection 8,07!+ 626 1,606 492 612 584 576 1,339 343 251 431 359 8 55 Bank premises 104 3 8 3 7 5 16 23 6 4 7 i 12 10 Other assets 25b 13 65 14 22 15 l4 . -32.. ____________ JJL 5 _____________ 1£L 12 TOTAL ASSETS 57,842 3,193 14,128 3,066 4,714 3,908 3,324 9,635 2,291 1,254 2,490 2,33b 7,505 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1/ After deducting $LOi| million participations of other Federal Reserve Banks. *Less than $500,000 Digitized 2fo/r FARfAtSEeRr deducting $ 76 million participations of other Federal Reserve Banks. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis