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.I. Banks For immediate release H.4.1 April 9, 1964 The average of daily figures of total member bank reserves held during the week ended April 8 increased a net of $8 million to $20,318 million. Esti mated currency and coin of member banks decreased $301 million and their reserve balances at the Federal Reserve Banks increased $309 million. Estimated required reserves decreased $8l million; and estimated excess reserves increased $89 mil lion to $361 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $153 million, compared with the revised figure of $117 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $4o4 million in holdings of U. S. Government securities, $8l million in Federal Reserve float, and $53 million in member bank borrowings. The principal offsetting changes were increases of $107 million in currency in circulation, $87 million in "other" F. R. accounts (net), and $4l million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $545 million. As of Wednesday, April 8, holdings of U. S. Government securities held under repurchase agreement were $110 million lower and member bank borrowings were $157 million lower than a week earlier. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 8, Apr. 1, Apr. 10, Apr. 8, and related items 1964 1964 1963 1964 (in millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 33,916 +382 +2,810 33,916 Held under repurchase agreement 63 + 22 - 19 16 Acceptances-- Bought outright 61 t- 11 60 Held under repurchase agreement 55 + 5 + 55 45 Discounts and advances— Member bank borrowings 208 + 53 + 121 130 Other 1 + 1 - 29 Float 1,593 + 81 + 168 1,482 Total Reserve Bank credit 357B98 T545 +3,119 35,649 Gold stock 15,463 + 1 - 415 15,463 Treasury currency outstanding 5,583 + 6 + 5 5,590 56,943 +551 +2,708 56,702 Currency in circulation 36,839 +107 +2,094 37,000 Treasury cash holdings 415 + 21 - 26 433 Treasury deposits with F. R. Banks 922 + 4l + 25 912 Foreign deposits with F. R. Banks 148 - 16 - 36 144 Other deposits with F. R. Banks 203 + l + 9 185 Other F. R. accounts (net) 1,039 + 87 - 37 1,035 397567 +242 +2,028 39,709 Member bank reserves: With Federal Reserve Banks 17,376 +309 + 660 16,993 Currency and coin (estimated) 2,942 -301 + 267 3,157 Total reserves held 20,318' +—8 + 947 20,150 Required reserves (estimated) 19,957 - 81 + 96O 19,916 Excess reserves (estimated) 361 + 89 - 13 234 On April 8, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,096 million, a decrease of $51 million for the week and an increase of $712 million from the comparable date Digitizeda fo ry FeRaArSE Ra go. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.k.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions bf dollars) Change since Apr. 8, Apr. 1, Apr. 10, 1964 1964 1963 A S S E TS Gold certificate account 13,770 - 15 - 558" Redemption fund for F. R. notes l,4l6 + 11 + 144 Total gold certif1cate reserves I571S6 -—4U # Cash (482) 210 - 27 - 138 Discounts and advances 130 -157 • 199 Acceptances: Bought outright 60 - 2 + 12 Held under repurchase agreement 45 - ^ • 45 U. S. Government securities: Bought outright — Bills 4,453 + 1,810 Certificates 3,265 -10,315 Notes 21,622 +11,098 Bonds 4,576 + 277 Total bought outright 33,916 + 2,870 Held under repurchase agreement 16 -110 10 Total U. S« Government securities 33,932 + _2,860 Total loans and securities 34,167 -323 + 2,718 Cash items in process of collection (1,012) 5,312 - 50 + 477 Bank premises 103 + 1 Other assets 594 + 1 + 174 TOTAL ASSETS 55,572 ^4"02 + 2,817 L I A B I L I T I ES Federal Reserve notes (482) 31,776 +198 + 1,927 Deposits: Member bank reserves 16,993 -464 + 760 U. S- Treasurer--general account 912 +217 73 Foreign 144 - 10 - 49 Other 185 - 17 28 Total deposits 18,234 ^274" + 610 Deferred availability cash items (1,012) 3,830 -345 + 150 Other liabilities and accrued dividends 92 - 2 + 21 TOTAL LIABILITIES (l,W 53,932 + 2,708 C A P I T AL A C C O U N TS Capital paid in ~ "~ 509 + 31 Surplus 990 + 56 Other capital accounts l4i + 21 + 22 TOTAL LIABILITIES. AND CAPITAL ACCOUNTS ((1,14^994*)0 55,j72 ^4~Q2 +""27817 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) 30.1$ +.1$ - 2.5$ Contingent liability on acceptances purchased for foreign correspondents 114 + 4 + 31 * 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, APRIL 8, 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 112277 5$4k 11,,009955 + 6 16 days to 90 days 33 5511 88,,330066 -111 91 days to 1 year ---- —-. 1100,,008899 - 5 Over 1 year to 5 years -_ __ 12,145 Over 5 years to 10 year•ss -- 2,C75 Over 10 years -- 222 Total 130 105 33.932 ^110 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 APRIL 8, 1964 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia. land mond Louis apolis City cisco (in million:r "oFdoi:L ars) A S S E TS Gold certificate account 13,770 693 3,399 718 1,033 963 812 2,229 537 266 607 526 1,987 Redemption fund for F. R. notes 1,416 L 78 336 77 124 119 84 257 59 28 54 4^ 156 Total gold certificate reserves 115,186 1 771 3,735 795 1,157 1,082 896 2,486 596 294 661 570 2,143 F. R. notes of other Banks 482 24 152 34 37 18 74 26 11 28 12 30 36 Other cash 210 19 59 8 16 14 15 27 8 6 5 28 Discounts and advances 130 9 21 3 2 15 46 8 20 Acceptances: Bought outright 60 -- 60 ~- .- - -». — — Held under repurchase agreement i ^5 ^5 U. S. Government securities: Bought outright-- Bills 4,453 230 1,107 236 367 304 244 755 174 91 182 174 589 Certificates 3,265 169 812 173 269 223 179 554 127 66 133 128 432 Notes 21,622 1 1,H9 5,375 1,1^7 i,78l 1,^76 1,182 3,667 844 439 882 849 2,86l Bonds 4,576 237 1,137 243 377 313 250 776 178 93 187 180 605 Total ,33,916 1,755 8,431 1,799 2,794 2,316 1,855 5,752 1,323 689 1,384 1,331 4.487 Held under repurchase agreement ! i6__ 16 -- __ -- -- __ -- Total U. S. Government securities |33,932 1,755 8,447 1,799 2,794 __2,j_i6_ 1,855 5,752 1,323 689 1,384 1,331 4,48" Total loans and securities \3^,167 1,764 8,573 1,800 2,797 2,318 1,870 5,798 1,331 69c i,4o4 1,335 4,487 Cash items in process of collection 1 6,324 431 1,320 409 435 440 504 1,020 287 201 317 298 662 Bank premises 103 3 8 3 7 5 17 22 6 4 6 12 10 Other assets 594 30 151 32 51 36 33 94 22 12 26 28 79 TOTAL ASSETS 57,066 3,042 13,998 3,081 ^,500 3,913 3,409 9,^73 2,261 1,235 2,431 2,278 7,445 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H- 4.1(c) STATEMENT OF COHDITION' OF'SACE FEDERAL RESERVE•• BANK ON APRIL 8, 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) L I A B I L I T I ES Federal Reserve notes 32,258 1,860 7,826 1,873 2,743 2,640 1,848 5,808 1,306 584 1,239 960 3,551 Deposits: Member bank reserves 16,993 675 4,514 728 1,157 758 973 2,502 623 393 807 901 2,962 U.S. Treasurer-general ac: count 912 51 230 45 53 67 67 84 46 56 66 63 84 Foreign 144 7 1/34 8 14 8 8 21 5 3 7 9 20 Other I85 117 1 * 2 1 52 1 6 13 1 Total deposits 18,234 733 4,895 782 1,225 839 1,049 2,610 674 453 882 97^ 3,116 Deferred availability cash items 4,842 347 818 331 378 344 4l4 803 221 158 235 247 546 Other liabilities and accnl ed dividends 92 : 5 23 4 8 6 5 15 4 3 3 4 12 TOTAL LIABILITIES 55,426 :. 2,965 13,562 2,990 4,354 3,829 3,316 9,236 2,205 1,198 2,359 2,185 7,227 CAPITAL ACCOUNTS Capital paid in 509 24 135 28 46 25 29 72 17 12 23 30 68 Surplus 990 264 55 90 49 56 l4o 34 23 43 57 132 Other capital accounts l4l 6 37 8 10 10 8 25 5 2 6 6 i& TOTAL LIABILITIES AND CAPITAL ACCOUNTS j 57,066 3,0^2 13,998 3,081 _4,J>00_ 3,913 3,409 9,473 2,261 1,235 2,431 2,278 7,^5 Contingent liability on ace?e ptances purchased for foreL:g n 1 6 c orre spondent s ! 114 2/30 6 10 6 6 16 4 3 5 7 15 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 33,692 1,962 8,254 1,921 2,923 2,710 1,933 6,007 1,372 607 1,274 1,027 3,702 Collateral for F. R. notes: Gold certificate account 6,522 423 1,650 405 500 555 34o 1,100 250 112 272 180 735 Eligible paper 29 1 8 20 U. S. Government securities 28,412 1,580 6.750 l,6co 2,550 2,190 1,650 5.177 1.210 505 1.1C0_ 900 3.2CC._ Total collateral 34,963 2,003 8,4CC 2,CC6 3,050 2,745 1,990 6,277 1,468 617 1,392 1,060 3,935 l/ After deducting $110 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 8k million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis