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.I. links For immediate release K.k.i'"" Mai*ch 5> 1964 The average of daily figures of total member bank reserves held during the week ended March 4 increased a net of $129 million to $20,l6l million. Estimated currency and coin of member banks decreased $91 million and their reserve balances at the Federal Reserve Banks increased $220 million. Estimated required reserves decreased $3 million; and estimated excess reserves increased $132 million to $479 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $117 million, compared with the revised figure of $l47 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $495 million in U. S. Government securities bought outright and $l62 million in member bank borrowings. The principal offsetting changes were a decrease of $306 million in Federal Reserve float and increases of $86 million in Treasury deposits with Federal Reserve Banks and $37 million in currency in circulation. Total Reserve Bank credit increased $35$ million. As of Wednesday, March 4, holdings of U. S. Government securities bought outright were $520 million higher than a week earlier and member bank bor rowings were $497 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Mar. 4, Feb. 26, Mar. "F7 Mar. 4, and related items 1964 1964 1963 1964 (irTmillions of dollars)" Reserve Bank credit: U. S. Government securities- Bought outright--System account 33,245 +495 +2,843 33,452 Held under repurchase agreement - 150 Acceptances-- Bought outright 63 + 2 + 8 62 Held under repurchase agreement 6 + 6 + 6 15 Discounts and advances- Member bank borrowings 362 +162 + 220 77 Other -- — - 30 -- Float 1,529 -306 - 136 1,447 Total Reserve Bank credit 35,20$ +358 +2,76O 35,053 Gold stock 15,462 -- - 416 15,463 Treasury currency outstanding 5,587 - 1 + 14 5,589 56,254 +358 +2,359 56,105 Currency in circulation 36,345 + 37 +2,063 36,456 Treasury cash holdings 450 + 11 + 2 457 Treasury deposits with F. R. Banks 989 + 86 + 133 947 Foreign deposits with F. R. Banks 150 + 3 - 38 136 Other deposits with F. R. Banks 207 + 10 6 203 Other F. R. accounts (net) i,o4o - 11 - 95 1,032 39,i8i +137 +2,058 39,231 Member bank reserves: With Federal Reserve Banks 17,072 +220 + 300 16,874 Currency and coin (estimated) 3,089 - 91 + 344 3,229 Total reserves held 20,161 +129 + 644 20,103 Required reserves (estimated) 19,682 - 3 + 561 19,832 Excess reserves (estimated) 479 +132 + 83 271 On March 4, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,755 million, a decrease of $4l million for the week and an increase of $1,622 million from the comparable Digitizedd foart FeR AaSE Ry ear 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 ]S4 ar. *, Feb; 26, Mar. 6, 196* 196* 19 j& A S S E TS Gold certificate account 13,77* + 20 - 558 Redemption fund for P. R. notes 1,*07 - * •f 144 Total gold certificate reserves 15,181 + 16 -~~5ii * Cash (61*5) 267 - 22 - 139 Discounts and advances 77 -*97 135 Acceptances: Bought outright 62 «.- + ' 8 Held under repurchase agreement 15 + 15 + 15 U. S. Government securities: Bought outright— Bills *,011 +520 + 1,576 Certificates 3,265 __ -10,315 Notes 21,621 -- +11,332 Bonds *,555 -- + 391 Total bought outright 33,*52 +520 + 2,984 Held under repurchase agreement 84 Total U. S. Government securities 331552 +J20 +"2 ,900 Total loans and securities 33,606 + 38 + 2,788 Cash items in process of collection (1,15*0 5,*37 +136 + 330 Bank premises 103 + 1 - 1 Other assets 562 + 36 + 226 TOTAL ASSETS (1,799) 55,156 +205_ + 2,79b L I A B I L I T I ES Federal Reserve notes (6*5) 31,309 +126 + 1,917 Deposits: Member hank reserves 16,87* -1*1 + 380 U. S. Treasurer--general account 9*7 +122 + 90 Foreign 136 + 1 - 43 Other 203 + 7 + 5 Total deposits 18,160 - 11 + 427 Deferred availability cash items (1,15*) 3,990 + 6* + 318 Other liabilities and accrued dividends 92 + * + 25 TOTAL LIABILITIES (1,799) 53,551 +I83 + 2,687 \ C A P I T AL A C C O U N TS Capital paid in "" 508 + 1 + 3* Surplus 990 -- + 56 Other capital accounts 107 + 21 •f 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,799) 55,156 +205 + 2,790 Ratio of gold certificate reserves to depos:L t and F R. note liabilities combined (com puted from figures as shown on the fol lowing pages—not consolidated) 30.3$ -_ - 2.*f» Contingent liability on acceptances purchased for foreign correspondents 97 + 5 •f 13 * 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, MARCH 4, 1964 (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 803 +200 Within 15 days 74 36 16 days to 90 days 3 4l 8,213 +13* 10,001 +186 91 days to 1 year Over 1 year to 5 years 12,1*9 __ Over 5 years to 10 years 2,067 — 219 -- Over 10 years ^1 Zl Total 77 77 33,*52 +520 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 MARCH 4, 1964 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 TS Gold certificate account 13,774 : 677 3,273 730 1,072 984 788 2,486 510 271 610 603 1,770 Redemption fund for F. R. notes 1,407 79 335 76 123 114 85 258 60 28 53 44 152 Total gold certificate reserves 15,181 756 3,608 806 1,195 1,098 873 2,744 570 299 ' 663 647 1,922 F. R. notes of other Banks 645 45 169 50 54 31 94 48 18 39 13 40 44 Other cash 267 21 64 13 20 18 20 33 12 9 10 9 38 Discounts and advances 77 7 14 6 T 11 n 24 2 7 - 2 Acceptances.: Bought outright 62 -- 62 -- "- -- -- -- -- -- Held under repurchase agreement 15 15 U. S. Government securities: Bought outright-- Bills 1 4,011 205 1,026 211 327 270 211 683 160 81 160 153 524 Certificates i 3,265 1 167 835 172 266 220 172 557 130 66 130 124 426 Notes 1 21,621 J 1,102 5,530 1,136 1,763 1,456 1,138 3,683 862 438 864 825 2,824 Bonds 1 ^,555 I 232 1,165 239 372 307 239 776 181 93 182 174 595 Total j 33,^52 1,706i 8,556 1,758 2,728 2,253 1,760 5,699 1,333 678 1,336 1,276 4,369 Held under repurchase agreement --. -.- -- „ -- -- __ -- -- Total U. S. Government securities 33,452 1,706 8,556 1,758 2,728 2,253 1,760 5,699 1,333 678 1,336 1,276 4,369 Total loans and securities 33,6o6 1,713 8,647 1,764 2,729 2,264 1,761 5,723 1,335 679 1,343 1,277 4,371 Cash items in process of collection 6,591 ! 502 1,295 402 503 465 512 1,060 292 198 350 301 711 Bank premises i 103 ! 3 8 3 7 5 17 22 6 4 6 12 10 Other assets 562 I 27 146 30 49 32 31 87 21 13 25 27 ?4 TOTAL ASSETS 56,955 3,067 13,937 3,068 4,557 3,913 3,308 9,717 2,254 1,241 2,410 2,313 7,170 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF EACH FEIERAL RESERVE BANK ON MARCH 4, 1964 '— ———— San. Total ]B oston New Phila Cleve Rich Atlanta Chicago St. Minne Kansas Eallas Fran York delphia land mond Louis apolis City cisco _____ 1 (in nillicns of dollars) L I A B I L I T I ES Federal Reserve notes 31,95^ 1,873 7,746 1,854 2,732 2,620 1,830 5,755 1,299 582 1,227 953 3,483 Deposits: r Member "bank reserves ; 16,874 643 4,463 751 1,192 752 918 2,639 610 417 793 968 2,728 U.S. Treasurer-general account 1 947 48 235 39 52 69 45 184 52 40 57 47- 79 Foreign 136 i 6 1/48 6 11 6 7 17 4 3 5 7 if Other 1 203 1 '* "137 1 17 13 1 * 2 1 Total deposits !lb,160 697 4,«»3 797 1,256 834 971 2,843 667 460 857 1,023 2,572 Deferred availability cash items 5,144 4i7 860 322 4i8 372 412 871 229 160 252 243 588 Other liabilities and accrued dividends 1. .92 I 5 24 5 7 5 4 16 4 2 4 3 13 TOTAL LIABILITIES 55,350 i 2,992 13,513 2,978 4,413 3,831 3,217 9,4«5 2,199 1,204 2,340 2,222 6,956 CAPITAL ACCOUNTS Capital paid in 508 i 24 135 28 46 25 29 72 17 12 22 30 68 Surplus 990 264 55 90 49 56 l4o 34 23 43 57 132 Other capital accounts 107 4 25 7 8 8 6 20 4 2 5 4 14 TOTAL LIABILITIES AND CAPITAL ACCOUNTS |56,955 3,067 13,937 3,068 4,557 3,913 3,308 9,717 2,254 l,24l 2,410 2,313 7,170 M Contingent liability on accept ances purchased for foreign corre spcndents 1 97_ ! . 5 2/26 5_ 9_ 1. - _,,._.. 5_ 14 i. 2 4_ _. H FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 1,960 8,254 1,915 2,934 2,702 1,915 6,012 1,365 610 1,258 1,026 3,648 Collateral for F. R. notes: Gold certificate account 423 1,650 425 500 605 340 1,100 250 112 272 180 750 Eligible paper 6 2 7 U. S. Government securities 1,580 6.750 1.600 2,550 2.170 1,650 5.177 1.210 SCO 1.100 9QO ^.200 Total collateral 2,003 8,400 2,031 3,050 2,775 1,990 6,277 1,^62 612 1,379 1,080 3,950 l/ After deducting 88 million participations of other Federal Reserve Banks. 2/ After deducting 71 million participations of other Federal Reserve Banks. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis