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 Affocting lank Reserves aad Coaditioa StatoaioNt of F.R. Books h .4.i f’oi* immediate release November 29, 19^3 The average of daily figures of total member bank reserves held during the week ended November 27 decreased $268 million to $19,959 million. Estimated currency and coin of member banks decreased $31 million and their reserve balances at the Federal Reserve Banks decreased $257 million. Estimated required reserves decreased $59 million; and estimated excess reserves decreased $229 million to $277 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $77 million, compared with the revised figure of $75 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $231 million in member bank borrowings, $63 million in U« S. Government securities held under repurchase agreement, and $54 million in Federal Reserve float, and an increase of $150 million in currency in circulation. The principal offsetting change was an increase of $245 million in U- S. Government securities "bought outright. Tota3* Reserve Batik credit decreased $123 rAillion. As of Wednesday, November 2?, holdings of U- S. Government securities bought outright were $247 million higher than a week earlier, U- S. Government securities held under repurchase agreement were $25 million higher, and member bank borrowings were $l8l million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 27, " Nov. 20, Nov. 2&, Nov. 27> • and related items 1963 1963 1962 1963 ; Un millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 33,018 +245 +3,024 33,194 Held under repurchase agreement 93 - 83 + 75 132 Acceptances— bought outright 43 - 1 + 7 43 Discounts and advances— Member bank borrowings 200 -231 + 105 568 Other 33 + 2 + 25 37 Float 2,126 - 54 + 17 1,46$ Total Reserve Bank credit 35^512 -123 +3,253 35,442 Gold stock 15,582 -- - 396 15,583 Treasury currency outstanding _5,593 - _ 3 + 42 5,595 56,687 -125 +2,899 56,620 Currency in circulation 36,872 +150 +2,069 37,228 Treasury cash holdings 386 - 17 14 396 Treasury deposits with F. R. Banks 1,006 - 39 + 518 942 Foreign deposits with F. R. Banks 151 + 7 - 63 160 Other deposits with F. R. Banks 199 - 9 - 63 174 Other F. R. accounts (net) 1,250 + 39 + 227 1,2$ 39,864 +131 +2,673 4o,l60 Member bank reserves: With Federal Reserve Banks 16,823 -257 + 226 16,459 Currency and coin (estimated) 3,136 - 31 + 103 3,576 Total reserves held 19,959 -288 + 329 20,035 Required reserves (estimated) 19,682 - 59 + 602 19,836 Excess reserves (estimated) 277 -229 - 273 199 On November 27, 1963, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,454 million, an increase of $125 million for the week and an increase of $1,315 million from the com­ parable date a y°er ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

...OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Nov. 27, Nov. 20, Ncv. 28, 1962 1963 1963 A S S E T S Gold certificate account 13,929 - 17 - 536 Redemption fund for F* R. notes 1,365 + 17 + 124 - 412 Total gold certificate reserves . 15,29s Cash (290) 240 5 - 77 Discounts and advances 605 + 186 + 502 Acceptances --bought outright 53 + 7 U. S. Government securities: Bought outright-- Bills 3,829 + 247 +1,588 Certificates 7,066 -6,119 +7,020 Notes 17,679 Bonds 4,620 + 646 Total bought outright 33,195 + 247 +3,135 Held under repurchase agreement 132 + 25 + 132 Total U. S. Government securities 33.325 + 272 +3,267 Total loans and securities 33,975 + 458 +3,776 Cash items in process of collection (1,055) 5,059 -1,669 - 572 Bank premises 104 l Other assets 270 + 16 - 131 TOTAL ASSETS (1,355) 54,95! -1,200 +2,583 L I A B I L I T I E S Federal Reserve notes (290) 31,981 + 437 +2,289 Deposits: Member bank reserves 16,459 - 507 + 132 U. S. Treasurer--general account 942 - 76 + 390 160 + 9 49 Foreign 175 21 - 89 Other Total deposits 17,735 - 595 7-155 Deferred availability cash items (1,055) 3,591 -1,068 - 192 Other liabilities and accrued dividends 93 + 5 + 15 TOTAL LIABILITIES (1,345) 53,400 -1,221 +2,49"b C A P I T A L A C C O U N T S Capital paid in 492 + 2 + 28 + 46 Surplus 935 Other capital accounts 115 + 19 + 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,3^5) 54,951 -1,200 +2,583 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com­ puted from figures as shown on the fol­ 30.6# - 2.5# lowing pages--not consolidated) Contingent liability on acceptances purchased 103 15 for foreign correspondents . . . . . ________ * 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 27, 1963 (Accept-a nce s a..n.....d...... ......s......e.....c.....u.....r imtiiwii i■ ■e'■ .s ■' ■ '■ held under re~ p’ J ur' cn_h _ a_s ^e a g ree men4t- ^a re classi4fied 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 567 13 779 - 58 l6 days to 90 days 38 30 5,860 +221 +109 91 days to 1 year 15,739 Over 1 year to 5 years 8,1*52 Over 5 years to 10 years 2,277 Over 10 years 219 Total 605 5f 33,326 +272 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 27, 1963 H.4.1(h) San Total Boston N Y e o w rk d P el h p i h l i a a ­ C l l a e n v d e- R mo i n c d h­ Atlanta Chicago L S o t u . is M a i po n l n i e s ­ Ka C n i s t a y s Dallas c F i r s a c n o ­ ' (In millions of dollars) A S S E T S Gold certificate account 13,929 785 3,324 790 1,069 972 734 2,321 554 255 553 608 1,964 Redemption fund for F. R. notes 1,365 78 327 78 122 111 83 237 56 29 52 43 149 Total sold certificate reserves 15,294 863 3,651 868 1,191 1,083 5TT“ 2,558 ' 6Io“ 284 605 651 2,113 F- R. notes of other Banks 2 2 9 4 0 0 1 1 9 6 6 5 3 1 1 1 9 1 1 1 1 1 l 1 4 5 3 2 0 1 2 3 1 7 1 15 1 37 8 12 8 16 9 3 3 6 9 Other cash 1 Discounts and advances 605 9 72 38 57 58 52 66 18 19 79 51 86 Acc B e o p u t g a h n t c e o s u : tright ^3 — 43 -- — -- -- ~~ - “ — U. S. Government securities: Bou B B N C g i o o e h l n t r l t d e t s s s if o i u c t a r t i e g s ht— 1 3 4 7 7 , , , , 8 6 6 0 2 2 7 6 9 0 9 6 8 1 3 2 5 9 8 3 5 2 9 2 4 1 1 , , ,4 9 7 1 6 8 6 6 0 6 2 6 2 3 9 2 0 7 2 4 1 0 7 2 1,4 3 5 3 8 2 9 8 8 2 5 9 1, 2 4 1 3 5 7 8 1 7 4 6 0 2 3 9 2 8 1 5 6 8 0 3 9 1 2 , , 1 9 6 7 7 3 3 6 2 4 5 7 1 2 7 1 5 8 0 8 2 l 4 8 1 3 4 7 5 9 3 7 3 6 1 2 7 1 5 8 8 1 4 4 5 0 1 2 7 1 5 8 8 0 3 4 5 8 2,3 5 9 6 4 0 3 l 9 9 9 4 Total 33,194 1,668 8,374 1,740 2,794 2,227 1,820 5,508 1,320 669 1,333 1,330 4,411 Held under repurchase agreement 112 132 — - - — -- "* *" “■ ** Total 11. S. Government securities 33,326 1,668 8,506 1,740 2,794 2,227 1,820 5,508 1,320 66 9 1,333 1,330 4,4ll Total loans and securities 33,97*1 1,677 8,621 1,778 2,851 2,285 1,872 5,574 1,338 688 1,412 1,381 4,497 Cash items in process of Ban c k o l p l r e e c m t i i s o e n s 6, i 2 l c 7 l4 4 0 43 l 3 3 4 1,20 6 3 8 9 4o 1 o 5 3 44 2 9 4 7 43 l 1 5 6 46 1 l 5 6 4 93 2 4 3 7 l 24 1 8 0 6 197 4 5 35 1 1 3 7 28 1 1 5 3 2 71 1 3 5 6 0 Other assets TOTAL ASSETS 56,286 3,025 13,666 3,094 4,544 3,849 3,235 9,191 2,238 1,223 2,4o8 2,367 7,446 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 27, 1963 H,k.l(c) San New Phila­ Cleve­ Rich­ St. Minne­ Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas F c r i a s n co ­ (in millions of dollars) l i a b i l i t i e s Federal Reserve notes 32,271 1,891 7,791 1,875 2,768 2,652 1,866 5,81k 1,3H 578 1,238 959 3,528 Deposits: Member bank reserves l6,k59 707 k, 138 728 l,lk9 719 83k 2,380 626 kn 803 1,007 2,957 U. S. Treasurer-general account 9k2 k8 185 5k 91 kk 56 91 57 5k 6k 82 116 Foreign l6o 7 1/56 8 13 7 8 20 5 3 6 8 19 Other 17k * 119 1 2 3 1 2 * 1 2 1 k2 Total deposits 17,735 762 k,k98 791 1,255 773 899 2,k93 688 ' k69 875 1,098 3,13^ Deferred availability cash items k, 6k6 29k 9kk 336 37k 3kl 378 6k9 182 139 22k 219 566 Other liabilities and accrued dividends ____ 93.._____5- ____2k . 5 7 6 5 15 k 2 k k 12 TOTAL LIABILITIES 5k,7k5 2,952 13,257 3,007 k,kOk 3,772 3,lk8 8,971 2,185 1,188 2,3^1 2,280 7,2k0 CAPITAL ACCOUNTS C S a u p r i p t l a us l paid in 9 k 3 92 k 2 k k k 1 2 3 51 0 2 5 8 ^ k 87 5 2 k k k 2 5 8 1 1 7 32 0 1 3 7 2 1 2 1 2 2 k 1 o 2 5 8 3 1 6 2 6 k Other capital accounts 115 5 ____ 28 _ 5 8 9 8 18 k 2 6 6. 16 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 56,286 3,025 13,666 3,09k k,5kk 3,8k9 3,235 9,191 2,238 1,223 2, k08 2,367 7,kk6 Contingent liability on accept­ a c n o c r e r s e s p p u o r n c de h n a t s s ed for foreign 103 5 2/28 6 10 5 6 lk 3 2 k 6 lk FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 33,563 1,950 8,109 1,929 2,937 2,765 1,956 5,976 1,376 603 1,271 1,028 3,663 Collateral for F. R. notes: Gold certificate account 7,16k k03 1,700 k25 610 625 kco 1,300 310 119 267 205 800 Eligible paper 180 30 56 17 77 U. S. Government securities 27.32k -11- 7 . y5 71 k_ 6,600 1,600 2,k00 2,175 1,600 k,800 1,100 500 1,100 875 3,000 Total collateral 3k,668 1,977 8,300 2,055 3,010 2,856 2,000 6,100 l,k27 619 l,kkk 1,080 3,800 l/ After deducting $ 10k million p.articipations of other Federal Reserve Banks. *Less than $500,000 2/ After deducting $ 75 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis