H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate releas April 2, 1964 The average of daily figures of total member bask reserves held during the week ended April 1 decreased a net of $269 million to $20,251 million. Estimated currency and coin of member banks increased $18 million and their reserve balances at the Federal Reserve Banks decreased $287 million- Estimated required reserves increased $21 million; and estimated excess reserves decreased $290 million to $230 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $75 million, compared with the revised figure of $24l million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $46l million in Federal Reserve float, $124 mil lion in member bank borrowings, and $42 million in U. S. Government securities held under repurchase agreement, and an increase of $75 million in currency in circulation. The principal offsetting changes were an increase of $233 million in U. S. Government securities bought outright, and decreases of $163 million in Treasury deposits with Federal Reserve Banks and $37 million in Treasury cash holdings. Total Reserve Bank credit decreased $397 million. As of Wednesday, April 1, holdings of U. S. Government securities bought outright were $561 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $98 million higher, and member bank borrowings were $232 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 1, Mar. 25, Apr • 3, Apr. 1, and related items 1964 1964 1963 1964 (in millions of dollars) Reserve Bank credit: U. 3. Government securities- Bought outright--System account 33,534 +233 +2 ,679 33,916 Held under repurchase agreement 4l - 42 - 101 126 Acceptances- Bought outright 61 - 2 + 11 62 Held under repurchase agreement 50 - 1 f 50 99 Discounts and advances- Member bank borrowings 155 -124 19 287 Other -- -- - 30 -- Float 1,512 -46l + 167 1,187 Total Reserve Bank credit 35,353 -397 +2 ,757 35,677 Gold stock 15,462 __ - 416 15,463 Treasury currency outstanding 5,577 - 2 -- 5,578 56,392 -399 +2 ,341 567718 Currency in circulation 36,732 + 75 +2 ,197 36,792 Treasury cash holdings 394 - 37 - 34 4oo Treasury deposits with F.R. Banks 881 -163 - 14 695 Foreign deposits with F.R. Banks 164 + 5 - 25 154 Other deposits with F.R. Banks 202 + 6 + 11 202 Other F. R. accounts (net) 952 + 2 - 122 j 1,018 39,325 -112 +2 ,014 | 39,261 Member bank reserves: With Federal Reserve Banks 17,067 -287 + 327 ! 17,457 Currency and coin (estimated) 3,184 + 18 + 316 : 3,423 Total reserves held 20,251 ~2E9 + "643 ! 20,880 Required reserves (estimated) 20,021 + 21 + 867 20,079 Excess reserves (estimated) 230 -290 - 224 801 On April 1, 1964, U. S» Government securities held in custody by the Federal Reserve Banks for foreign account were $8,1^7 million, a decrease of $187 million for the week and an increase of $855 million from the comparable Digitized ford FaRtAeSE Ra 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 Apr. 1, Mar "25, Apr. 3, 1964 1964 1963 A S S E TS Gold certificate account 13,735 2 553 Redemption fund for F R> notes 1,405. 2 l4o Total gold certificate reserves 15,190 "4T3 Cash (529) 237 - 8 i4i Discounts and advances 287 +232 150 Acceptances: Bought outright 62 13 Held under repurchase agreement °9 + 4l 99 U. 8. Government securities: Bought outright-- Bills 4,453 +561 + 1,785 Certificates 3,265 -10,315 Notes 21,622 +11,098 Bonds 4,576 + 277 Total "bought outright 33,916 + 2,845 field under repurchase agreement 126 + 79 Total U- S Government securities 34,o4"2 + 2,924 Total loans and securities 34,490 +932 + 3,186 Cash items in process of collection (1,293) 5,362 -137 + 371 Bank premises 102 1 Other assets 593 - 50 + 191 TOTAL ASSETS (1,822) 557155 +737 + 3,193 L I A B I L I T I ES Federal~Re"serve~notes (529) 31,576 + 55 + 1,980 Deposits: Member bank reserves 17,457 +846 U. S. Treasurer—general account 695 -4o6 269 Foreign 154 + 11 16 Other 202 + 32 + 6 Total deposits i£75c8" 7 677 Deferred availability cash items (1,293) 4,175 -173 + 409 Other liabilities and accrued dividends 94 + 2 + 20 TOTAL LIABILITIES (1,822) 54,355 +713 + 3,083 £ £ P I T A L A C C O U N TS Capital paid in ~" 5C9 + 31 Surplus 990 + 56 Other capital accounts 120 + 23 + 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,822) 557974" +737 + 3,193 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) 30.0$ -.3$ -2 Contingent liability on acceptances purchased fcr foreign correspondents 110 +5 + 'JO * 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 ANT> SECURITIES, APRIL 1. 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 Within 15 days 282 111 1,089 +430 16 days to 90 days 5 50 8,417 +152 91 days to 1 year -- 10,094 + 92 Over 1 year to 5 years _- 12,145 - 15 Over 5 years 'to 10 years -- 2,075 Over 10 years -- 222 Total 287 161 34,042 r659 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDEPAL RESERVE BANK ON APRIL 1, 1964 1 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 13,785 751 3,54l 590 1,097 918 736 2,298 552 250 566 501 1,985 Redemption fund for F. R. notes 1,405 78 333 78 124 111 84 257 59 28 54 43 156 Total gold certificate reserves 15,190 829 3,874 668 1,221 1,029 820 2,555 611 278 620 544 2,l4l F- R. notes of other Banks 529 28 156 38 43 20 79 33 16 31 12 32 41 Other cash 237 20 65 9 17 16 14 32 10 8 6 7 33 Discounts and advances 287 20 68 5 21 13 11 ^ 6 4 36 2 36 Acceptances: Bought outright 62 -- 62 _.. -- -.-. -- -- Held under repurchase agreement 99 99 U. S. Government securities: Bought outright-- Bills 4,453 227 1,110 244 363 306 24l 779 174 91 178 177 563 Certificates 3,265 I67 8l4 179 266 224 177 571 128 67 131 129 412 Notes 21,622 1,103 5,390 1,184 1,759 1,487 1,170 3,781 845 443 866 860 2,7?^ Bonds 4,576 233 l,l4l 250 372 315 248 800 179 94 183 182 579 Total 33,916 1,730 8,455 1,857 2,760 2,332 1,836 5,931 1,32b 695 1,358 1,348 4,288 Held under repurchase agreement 126 -- 126 «- -- -- --. _.. _-. ~_ -.- _- __ Total U. S. Government securities 34,042 i 730 8,581 1,857 2,760 2,332 1,836 5,931 1,326 695 1,358 1,348 4,288 3 Total loans and securities 34,490 1,750 8,810 1,862 2,781 2,345 1,847 5,996 1,332 699 1,394 1,350 4,324 Cash items in process of collection 6,655 489 1,382 454 519 476 543 1,037 275 184 323 302 671 Bank premises 102 3 8 3 6 5 17 22 6 4 6 12 10 Other assets 593 30 151 33 51 36 33 94 23 12 26 28 76. TOTAL ASSETS 57,796 3,149 14,446 3,067 4,638 3,927 3,353 9,769 2,273 1,216 2,387 2,275 7,296 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF'CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 1, 1964 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Lcuis apolis City cisco (in millions of dollars) L I A B I L I T I ES Federal Reserve notes 32,107 1,876 7,790 1,869 2,74o 2,626 l,84l 5,779 1,302 582 1,231 957 3,514 Deposits: Member "bank reserves 17,457 678 4,902 682 1,208 720 919 2,793 618 396 769 921 2,851 U.S. Treasurer-general account i 695 54 6c 46 53 70 47 66 69 40 58 35 77 Foreign ! 154 7 1/44 8 14 8 8 21 5 3 7 9 20 Other I 202 1 136 1 1 6 1 2 l 3 w2r 48 Total deposits 1157558" ' ~74o~ 57l62~ 737 i,27F" —5o4~" 975 2,882 692"™ 837 2,996 referred availability cash items 5,468 452 1,038 367 470 409 44o 859 220 154 245 255 559 Other liabilities and accrued dividends 94 5 26 4 7 6 5 16 4 3 3 3 12 TOTAL LIABILITIES 567177 1 3,073 T47oT6~ 2,977 4,493 3,845 3,261 9,53'6~ 2,218 1,179 2,3l6~ 2,182 7,c8i CAPITAL^CJX)jMTS Capital paid in 509 24 135 28 46 25 29 72 137 12 23 30 68 Surplus 1 990 ; 47 264 55 90 49 56 l4o t 23 43 "I 132 Other capital accounts 1 120 „-. .3. .. 31 7 9 8 7 21 2 5 15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS i 57,796 1 3,149 14,446 3,067 4,638 3,927 3,353 9,769 2,273 l,2l6 _2,387 2,275 7,296 Contingent liability on accept ances purchased for foreign qorre spcndent s [ 110 ! 5 2/29 6 10 _ ...5... 6 16 4 3__ 5__ 6 15_ FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 1,952 87238 1,927 2,925 2,691 X931 57975 I736F "6W 1,269 1,031 17688 Collateral for F. R. notes: Gold certificate account 423 1,650 405 500 555 340 1,100 250 112 272 180 735 Eligible paper 5 6 35 U. S. Government securities 1,580 6,750 1,600 2,550 2,170 1,650 5,177 1,210 505 1,100 900 3,200 Total collateral 2,003 8,4oc 2,010 3,050 2,725 1,990 6,277 1,466 617 1,407 1,080 3,935 1/ After deducting $ HOmillion participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 8lmillion participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis