H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release January 30, 196^ The average of daily figures of total member bank reserves held during the week ended January 29 decreased a net of $307 million to $20,156 million. Estimated currency and coin of member banks increased $2 million and their reserve balances at the Federal Reserve Banks decreased $309 million. Estimated required reserves decreased $284 million; and estimated excess reserves decreased $23 million to $264 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $87 million compared with the revised figure of $123 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $601 million in Federal Reserve float and $205 million in U. S. Government securities bought outright. The principal off setting changes were decreases of $326 million in currency in circulation and $175 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $8^3 million. As of Wednesday, January 29, holdings of U. 3. Government securities bought outright were $25 million higher than a week earlier and member bank borrowings were $15 million lower. Averages of daily figures Member bank reserves, Week ended Change frcm week ended Wednesday, Reserve Bank credit, Jan. 29, Jan. 22, Jan. 30, Jan. 29, and related items 196^ 1964 1963 1964 (In n lillions of c lollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 32,739 -205 +2,764 32,721 Held under repurchase agreement -~ -- - 148 -- Acceptances— Bought outright 67 - 4 6 66 field under repurchase agreement - 45 15 -~ Discounts and advances— Member bank borrowings 177 + 13 + 78 301 Other 32 - 1 + 30 32 Float 1,764 -601 + 149 1,347 Total Reserve Bank credit "W/J&0 ^ 43 +2,864 34,467 Gold stock 15,512 - l - 4l6 15,513 Treasury currency outstanding 5,582 - 4 + 11 5,582 55,873 -849 +2,458 55,562 Currency in circulation 36,364 -326 +2,284 36,310 Treasury cash holdings 4l0 - 6 22 427 Treasury deposits with F. R. Banks 869 -175 + 32 847 Foreign deposits with F. R. Banks l4l - 7 - 19 130 Other deposits with F- R. Banks 2C8 - 8 - 89 197 Other F. R. accounts (net) i,o4i - 18 + 75 956 39,034 -33Q +2,2^2 38,867 Member bank reserves: With Federal Reserve Banks 16,840 -309 + 257 16,696 Currency and coin (estimated) 3,316 + 2 + 288 3,628 Total reserves held 20,156 -307 + 545 20,324 Required reserves (estimated) 19,892 -284 + 712 19,867 Excess reserves (estimated) 264 - 23 - 167 457 On January 29, 1 9^ U. S Government securities held in custody by the lateral Reserve Banks for foreign aceo unt were $<8 ,795 million, an increase of $152 mi]lion for the week and an incre ase of $1,6 88 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.^.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE. TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Jan. 29, Jan. 22, Jan. 3C, 196k lp65 19&: A S S E TS Gold certificate account 13,819 +15 - 566 Redemption fund for F. R. notes 1,5l2 - o 1—ill Total gold certificate reserves * 15;231 + 9 - 529 Cash (832) 310 + 25 - 127 Discounts and advances 333 -15 + iy3 Acceptances: Bought outright 66 - 3 + 7 Held under repurchase agreement --'' " ^-i " "- U. S. Government securities: Bought outright— 3,281 + 25 +1,226 Bills 7,066 -- -6,116 Certificates Notes 17,729 " +7,057 Bonds 5,61+5 _zz i__g| Total bought outright 32,721 + 25 +2>bbl Held under repurchase agreement zi ZZ Z—§2§ Total U. S. Government securities 32,721 + 25 iidtiZ Total loans and securities 33,120 - 20 +2,585 Cash items in process of collection (1,235) 5,303 -#97 + 597 Bank premises 105 Other assets 593 +122 + }}1 (2,066) 552H ^2 +17651 TOTAL ASSETS L I A B I L I T I ES Federal Reserve notes (832) 31,1^2 -219 +2,082 Deposits: + 277 Member "bank reserves 16,696 +159 + 68 U. S..Treasurer—general account 847 -189 - 89 Foreign 130 - 17 - 128 Other (**) 197 zJ-2 + i'28 Total deposits (**) 17,870 - 70 + ^28 Deferred availability cash items (1,235) 3,956 -596 + 11 Other T O l T i A ab L i l L i I t A i B e IL s I T a I n E d S accrued dividends (2,066) 53,C 8 89 l -7^3 +2, 559" C A P I T AL A C C O U N TS + ?o Capital paid in "" 501 + 2 + 56 Surplus 990 + 8 Other capital accounts 8l +2T W TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,C66) 5b,66l 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) 30-5$ +.1$ - 2.1$ Contingent liability on acceptances purchased for foreign correspondents 92 — +8 * 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, JANUARY 29, 19^ (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements-) U^_S_. ..Goyejrament securities. Disccunts and ~ """ Changes advances Acceptances goldings during week Within 15 days 331 ilj. 331 -101 16 days to 90 days 2 52 5,9^ +1^3 91 days to 1 year „ -- 15,1*22 - 17 Over 1 year to 5 years „ -- 8,669 Over 5 years to 10 years .... -- 2,136 Over 10 years „ -- 219 ZZ Total _ 333 gg 32,721 + 25 ** Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.i(r) 'STATEMENT OF COttDITIGN OF- EAOlI FiiJIaSAL BSSii'-ViJ BANK ON JANUARY 29, 1964 San New Phila Cleve Rich- St. Minne- Kansas i Total Boston Atlanta Chicago Dallas Fran York delphia land mend Louie •apolis City cisco (In millions of dollars) A S S E TS Gold certificate account 13,819 666 3,638 762 987 931 696 2,381 527 286 533 55C 1,862 Redemption fund for F. R. notes | 1^12 80 334 78 124 110 86 260 60 29 55 44 152 Total gold certificate reserves 15,231 746 3,972 84c 1,111 l,04l 782 2,64l 587 315 588 594 2,014 F. R. notes of other Banks j 832 74 181 70 61 54 83 74 28 51 21 47 88 Other cash ! 310 18 65 17 21 17 32 42 18 10 13 9 48 Discounts and advances 333 1 4 159 4 11 14 22 60 2 4 37 4 12 Acceptances: Bought outright 66 66 U. S. Goverrmient securities: Bought outright-- Bills 3,281 167 833 174 276 223 181 545 130 65 137 129 421 Certificates 1,066 360 1,794 376 594 479 391 1,174 279 l4i 294 277 907 Notes 17,729 9©3 4,501 942 1,489 1,203 981 2,946 701 353 739 694 2,277 Bonds 4,6^5 237 1,179 247 390 315 257 772 184 92 193 182 597 Total |32,721 1/66T' "T,3'C7 ' 1,739 2,74~9 2,220 1,810 5,437 1,294 651 1,363 1,282 4,202 Held under repurchase agreement -- _-. --. -- _- -- -- -- -- __ -- __ _.. Total U. S> Government securities 32,721 1,667 8,307 1,739 2,749 2,220 1,810 5,437 1,294 651 1,363 1,282 4,202 Total loans and securities 33,120 1,671 8,532 1,743 2,76c 2,234 1,832 5,497 1,296 655 i,4co 1,286 4,214 Cash items in process of I collection 6,537 512 1,249 355 531 483 512 1,028 320 192 336 325 694 Bank premises ic4 3 8 3 6 5 17 23 6 4 7 12 1C Other assets f 593 30 152 32 52 36 33 9C 23 12 28 28 77 TOTAL ASSETS 56,727 3,054 14,159 3,c6o 4,542 3,870 3,291 9,395 2,278 1,239 2,393 2,301 7,145 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 29, 1964 "San Total Boston New Phila Cleve Rich Atlanta Chicago St. Minne Kansas Dallas Fran York delphia land mond Louis apolis City cisco (in millions 3 of dollars) L I A B I L I T I ES Federal Reserve notes 32,Cl4 1,883 7,753 1,873 2,745 2,627 1,838 5,767 1,303 584 1,222 956 3,463 Tepcsits: Member bank reserves 16,696 6±2 4/f82 704 1,145 716 885 2,446 591 4c6 768 915 2,726 U.S* Treasurer-general ac jcount 847 68 145 46 46 68 46 96 62 53 59 63 95 Foreign 130 6 1/35 I 12 I 7 18 4 3 6 7 18 Other 197 1 135 l 2 1 * 2 1 46 Total deposits 17,870 687 5,097 761 1,203 795 939 2,562 658 462 835 986 2,885 referred availability cash items 5A90 405 872 334 445 363 421 828 259 155 264 267 577 Other liabilities and accn led dividends 81 4 20 4 8 6 4 13 3 2 4 3 10 TOTAL LIABILITIES 55,155 2,979 13,742 2,972 4,4oi 3,791 3,202 9,170 2,223 1,203 2,325 2,212 6,935 CAPITAL ACCOUNTS Capital paid in 501 24 132 28 45 25 28 72 17 12 22 29 67 Surplus 990 1 264 55 49 56 140 23 ^3 57 132 Other capital accounts 81 21 5 96° 5 5 13 1 3 3 11 TOTAL LIABILITIES ML CAPITAL ACCOUM'S 56,727 1 3,054 1^,159 3,060 4,542 3,870 3,291 9,395 2,278 1,239 2,393 2,301 7,145 Contingent liability cn ace ?eptances purchased for fore] Lgn c orre spondent s .92 5 2/24 5 9 5 5 13 3 2 4 5 12 FEIERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding '33,952 1,987 8,251 1,9^9 2,965 2,740 1,967 6,093 1,380 6l4 1,274 1,040 3,692 Collateral for F. R. notes: Gold certificate account 6,700 433 1,700 425 500 605 365 1,100 250 120 272 180 75c Eligible paper 39 2 1 36 U. S- Government securities 28,377 1,580 6.700 1.6C0 2,550 2.160 1.70C 5.177 1,210 500 1.1C0 900 ^.2CC Total collateral 35,116 2,013 8,400 2,027 3,050 2,765 2,065 6,277 1,461 620 i,4c8 1, C80 3,95^ 1/ After deducting $ 95 million participations cf other Federal Reserve Banks. * Less than $^00,000. 2/ After deducting $ 68 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis