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. tanks For immediate release H.4.1 April 16, 1964 Tlie average of daily figures of total member bank reserves held during the week ended April 15 decreased a net of $59 million to $20,292 million. Estimated currency and coin of member banks increased $13^ million and their reserve balances at the Federal Reserve Banks decreased $193 million. Estimated required reserves increased $91 million; and estimated excess reserves decreased $150 million to $275 million. Excesa reserves exceeded member bank borrowings at the Federal Reserve Banks by $85 million, compared with the revised figure of $217 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $73 million in U. S- Government securities bought outright and $63 million held under repurchase agreement, and increases of $159 million in currency in circulation and $5$ million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $163 million in Federal Reserve float and a decrease of $34 million in "other" F.R, accounts (net). Total Reserve Bank credit decreased $7 million. As of Wednesday, April 15, holdings of U* S- Government securities bought outright were $431 million lower than a week earlier, U. S* Government securities held under repurchase agreement were $l6 million lower, and member bank bor rowings were $642 million higher. Outright holdings of bills decreased $48l mil lion and bonds increased $50 million. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 15, Apr. 8, Apr. 17, Apr. 15, and related items 1964 1964 (in millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 33,843 - 73 +2,897 33,485 Held under repurchase agreement - 63 42 Acceptances-- Bought outright 59 - 2 10 57 Held under repurchase agreement 41 - 14 + 41 39 Discounts and advances-- Member bank borrowings 190 - 18 + 33 772 Other 1 -- - 29 -., Float 1,756 +163 + 126 1,729 Total Reserve Bank credit 35,891 - 7 +3703B 36^cB2 Gold stock 15,462 - l - kl6 15,^63 Treasury currency outstanding 5,585 + 2 + 11 5,575 56,938 - 5 +2,633 57,120 Currency in circulation 36,998 +159 +2,c83 37,002 Treasury cash holdings ^39 + 2k + 12 hk3 Treasury deposits with F.R. Banks 980 + 58 + 154 951 Foreign deposits with F. R. Banks 135 - 13 - 55 ±h5 Other deposits with F.R. Banks 197 - 6 - 19 i 189 Other F.R. accounts (net) 1,005 - 3h + h 951 39,75^ +187 +2,179 39,687 Member bank reserves: With Federal Reserve Banks 17,183 -193 + ^53 17,432 Currency and coin (estimated) 3,109 +13^ + ikg 3,5^1 Total reserves held 20,292 - 59 + 602 20,973 Required reserves (estimated) 20,017 + 91 + 860 20,061 Excess reserves (estimated) 275 -150 - 258 1 012 On April 15, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,967 million, a decrease of $129 million for the week and an increase of $497 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Chang*; since Apr. 15, Apr. 8, Apr. 17, 1964 1964 1963 A S S E TS Gold certificate account 13,765 - 5 561 Redemption fund for F. R. notes 1,413 3 + 139 Total gold certificate reserves 15,178 8" 522 # Cash (488) 196 14 150 Discounts and advances 772 + 642 + 676 Acceptances: Bought outright 57 3 + 9 Held under repurchase agreement 39 6 39 U. S. Government securities: Bought outright— Bills 3,972 481 + 1,706 Certificates 3,265 LO,306 Notes 21,622 +:L l,098 Bonds 4,626 + 50 + 332 Total bought outright 33,485 "4"3~1 +"2 ,830 Held under repurchase agreement 16 40 US Total U« S. Government securities 33,485 2,790 Total loans and securities 34,353 + 186 + 3,514 Cash items in process of collection (1,417) 6,690 +1.,3 78 + 442 Bank premises 102 1 1 Other assets 613 + 19 + 151 TOTAL ASSETS (1*905) 57,132 +1 350 + T534" L I A B I L I T I ES Federal Reserve notes (488) 31,782 6 + 2,008 Deposits: Member bank reserves 17,432 + 439 + 1,105 U. S. Treasurer--general account 957 + 45 + 43 Foreign 145 + 1 94 Other 189 + 4 11 Total deposits 18,723 + + T7o4"3 Deferred availability cash items (1,417) 4,96l +1., 131 + 367 Other liabilities and accrued dividends 95 + 3 + 19 TOTAL LIABILITIES (1,905) 55,561 +1 r^29 C A P I T AL A C C O U N TS Capital paid in ~ ~ 509 + 30 Surplus 990 + 56 Other capital accounts 72 69" + 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,905) 57,132 +1,560 3,534 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) 29-8$ .3$ - 2.8$ Contingent liability on acceptances purchased for foreign correspondents 117 + 3 + 3^ * 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 15, 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 Dis counts and Changes advances Acceptances Holdings during week Within 15 days 770 k8 7^7 -3^8 16 days to 90 days 2 k8 8,311 + 5 91 days to 1 year .- -- 9,93^ -155 Over 1 year to 5 years — -- 12,158 + 13 Over 5 years to 10 years -,. -- 2,105 + 30 Over 10 years -.- -- 230 + 8 Total 772 9& 33,^85 3Wf Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 15, 1964 HJ+.IO>) 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 13,765 691 3,846 661 976 865 703 2,290 506 268 515 482 1,962 Redemption fund for F. R. notes 1,^13 80 335 79 124 117 83 255 59 28 54 44 155 Total gold certificate reserves 15,178 771 4,181 74o 1,100 982 786 2,545 565 296 569 526 2,117 F- R. notes of other Banks 488 22 161 3^ 34 22 67 27 12 26 12 30 41 Other cash 196 19 56 7 15 16 14 21 7 6 4 5 26 Discounts and advances 772 40 157 64 24 ^7 33 129 8 13 42 89 126 Acceptances: Bought outright 57 57 Held under repurchase agreement 39 39 U. S. Government securities: Bought outright— Bills 3,972 205 970 210 329 272 221 664 155 80 166 160 540 Certificates t 3,265 '; 168 797 173 271 223 182 546 128 66 136 131 444 Notes 21,622 1,115 5,279 1,145 1,790 1,^79 1,204 3,6l4 847 439 902 869 2,939 Bonds 4,626 239 1,129 245 383 317 258 773 181 94 193 186 628 Total 33,485 1 1,727 8,175 1,773 2,773 2,291 1,865 5,597 1,311 679 1,397 1,346 4,551 Held under repurchase agreement Total U. S. Government securities 33,^85 1,727 8,175 1,773 2,773 2,291 1,865 5,597 1,3H 679 1,397 1,346 ^,551 Total loans and securities 3^,353 1,767 8,428 1,837 2,797 2,338 1,898 5,726 1,319 692 1,^39 1,435 4,677 Cash items in process of collection 8,107 571 1,624 503 6l4 607 625 1,381 390 227 387 356 822 Bank premises 102 3 8 3 6 5 17 22 6 4 6 -LC- 10 Other assets 613 30 155 33 . 51 39 35 97 23 13 26 28 83 TOTAL ASSETS 59,037 3,183 14,613 3,157 4,617 4,009 3,442 9,819 2,322 1,264 2,443 2,392 7,776 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 15, 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 32,270 1,885 7,824 1,879 2,748 2,638 1,844 5,812 1,309 584 1,240 962 3,545 Deposits: Member 'bank reserves 17,432 682 4,830 729 1,133 709 926 2,585 595 397 770 949 3,127 U.S. Treasurer-general account 957 53 254 41 30 79 54 67 65 48 64 77 125 Foreign 145 6 1/42 8 13 7 8 20 5 3 6 8 19 Other i 189 1 ll4 1 15 2 3 # l 2 2 57 Total deposits :18,723 742 5,240 779 1,177 800 990 2,675 665 449 842 1,036 3,328 Deferred availability cash items 1 6,378 477 1,107 407 544 486 513 1,092 291 192 288 299 682 Other liabilities and accrued dividends 95 5 24 5 8 6 5 15 4 3 4 4 12 TOTAL LIABILITIES 57,466 3,109 14,195 3,070 4,477 3,930 3,352 9,594 2,269 1,228 2,374 2,301 7,567 CAPITAL ACCOUNTS Capital paid in 509 24 135 28 46 25 29 72 17 12 23 30 68 Surplus 990 47 264 55 90 49 56 140 34 23 43 57 132 Other capital accounts 72 3 19 4 4 5 5 13 2 1 3 4 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 59,037 3,183 14,613 3,157 4,617 4,009 3,442 9,819 2,322 1,264_ 2,443 2,392 7,776 Contingent liability on accept ances purchased for foreign c orre spondent s 117 6_ g/31 6_ 11 6__ -_JL _ 16_ k_ 3_ 5_ 7_ 16 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 33,785 1,955 ti, 280 1,925 2,928 2,709 1,944 6,018 1,374 607 1,280 1,034 3,731 Collateral for F. R. notes: Gold certificate account 6,532 423 1,650 405 500 555 340 1,100 260 112 272 180 735 Eligible paper 114 64 8 42 U. S. Government securities 28,4l2 1,580 6,750 1,600 2,550 2,190 1,650 5,177 1,210 505 1,100 900 3,200 Total collateral 35,058 2,003 8,400 2,069 3,050 2,745 1,990 6,277 1,478 617 l,4i4 1,080 3,935 1/ After deducting $103 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 86 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis