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 release April 23, 1964 The average of daily figures of total member bank reserves held during the week ended April 22 decreased a net of $9 million to $20,358 million. Estimated currency and coin of member banks increased $51 million and their reserve balances at the Federal Reserve Banks decreased $60 million. Estimated required reserves decreased $152 million; and estimated excess reserves increased $l43 million to $44l million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $122 million, compared with the revised figure of $108 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $793 million in U. S. Government securities bought outright and $4l million in acceptances held under repurchase agreement. The principal offsetting changes were increases of $4l0 million in Federal Reserve float and $129 million in member bank borrowings, and decreases of $86 million in currency in circulation, $82 million in Treasury deposits with Federal Reserve Banks, and $^9 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $298 million. As of Wednesday, April 22, holdings of U. S. Government securities bought outright were $600 million lower than a week earlier, and member bank bor rowings were $634 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 22, Apr. 15, Apr. 257 Apr. 22, and related items 1964 1964 1963 1964 (in millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 33,050 -793 +2,46l 32,885 Held under repurchase agreement Acceptances- Bought outright 55 4 5h Held under repurchase agreement 4l Discounts and advances— Member bank borrowings 319 +129 + 162 138 Other 2 + 1 - 29 10 Float 2,l66 +4l0 + 247 ! 1,693 Total Reserve Bank credit 35,593 -298 +2,850 ! 3^,78o Gold stock 15A62 -- - 415 i 15,^63 Treasury currency outstanding 5,576 - 9 2 i 5,576 56,631 -307 +2,433 : 55,819 Currency in circulation 36,912 - Q6 +2,227 36,889 Treasury cash holdings 432 - 7 5 i ^29 Treasury deposits with F.R* Banks 89S - 82 - 98 | 970 Foreign deposits with F.R. Banks 133 - 2 - 58 | 125 Other deposits with F.R. Banks 187 - 10 5 I 177 Other F.R. accounts (net) she - 59 - 4l 1 9^5 39,5C6 -246 +2,020 \ 39,535 Member bank reserves: With Federal Reserve Banks 17,123 - 60 + J+13 | 16,2^4 Currency and coin (estimated) 3,235 + 51 + 216 ! 3,572 Total reserves held 20,358 - 9 + "629 1 ~9,B56 Required reserves (estimated) 19,917 -152 + 701 19,923 Excess reserves (estimated) 44i +143 - 72 - 67 On April 22, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,9^7 million, a decrease of $20 mi] lion for the we^k and an increase of $366 million from thr> comparable Digitized fodra FtReAS EaR 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. 22, Apr. 15, Apr. 24, 1964 1964 1963 A S S E TS Gold certificate account 13,790 + 25 536 Redemption fund for F- R< notes 1, 4C9 4 135 Total gold certificate reserves 15,199 21 "4"oi Cash (531) 184 12 - 182 Discounts and advances l48 624 711 Acceptances: Bought outright 54 3 8 Held under repurchase agreement 39 U. 3. Government securities: Bought outright-- Bills 3,372 600 + 1,224 Certificates 3,265 -10,306 Notes 21,622 +11,098 Bonds 4,626 + 332 Total "bought outright 32,8"BT - ?00 + 2,348 Held under repurchase agreement Total U. S. Government securities 32,885 - 600 + 2,348 Total loans and securities 33,c87 -1,266 + 1,645 Cash items in process of collection (1,434) 6,110 580 + 618 Bank premises 103 + 1 Other assets 636 + 23 + 1 64 TOTAL ASSETS (1,965) 53,319 -1,813 + T75TO L I A B I L I T I ES Federal Reserve notes (531) .31,662 120 + 2,095 Deposits: Member bank reserves 16,284 -1,148 466 U. S. Treasurer--general account 970 + 13 95 Foreign 125 20 60 Other 177 z 12 - 21 Total deposits 17,556 -1,167 - S4"2 Deferred availability cash items (1,434) 4,417 - 544 + 275 Other liabilities and accrued dividends 88 + 13 TOTAL LIABILITIES (1,965) 53,723 ^17833 + 1,741 C A P I T AL A C C O U N TS Capital paid in 510 31 Surplus 990 + 56 Other capital accounts 96 H 24 + 16 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,965) 557319 -1,613 + 1,844 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) 30.6$ .8$ 1.8$ Contingent liability on acceptances purchased for foreign correspondents 117 -- + 34 * 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 22, l^bW (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 l14444 99 559955 " -152 16 days to 90 days 44 4 ^ 5 77,,993333 -378 91 days to 1 year ___- -___ 99,,886644 - 70 3ver 1 year to 5 years -- 12,158 Over 5 years to 10 yeaIrTsS -- 2,105 Over 10 years -- -_- 230 Total mg 54 32,885 ^600 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OP CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 22, 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 13,790 842 3,176 7^9 1,000 960 746 2,597 519 265 587 507 1,842 Redemption fund for F. R. notes 1,^09 80 33b 79 123 115 83 255 59 28 53 45 155 Total gold certificate reserves 15,199 922 3,510 828 1,123 1,075 829 2,852 578 293 640 552 1,997 F. R- notes of other Banks ! 531 21 I69 37 39 26 73 31 15 26 14 30 50 Other cash 184 17 52 5 14 16 14 20 7 5 4 5 25 Discounts and advances ! 148 7 5b 2 2 5 4 37 3 7 24 2 Acceptances: Bought outright 54 5b U- S. Government securities: Bought outright— Bills ' 3,372 170 840 179 282 228 186 556 132 69 139 133 458 Certificates I 3,265 ! 165 8l4 173 272 221 181 538 128 67 134 129 443 Notes i 21,622| 1,093 5,389 1,146 l,8o4 1,462 1,196 3,563 846 442 892 855 2,93^ Bonds i 4,626 234 1,153 245 386 313 256 762 181 95 191 183 627 Total 32,885 1,662 8,196 1,743 2,744 2,224 1,819 5,419 1,287 673 1,356 1,300 4,462 Held under repurchase agreement Total U. S. Government securities 32,885 1,662 8,196 1,7*6 2,744 2,224 1,819 5,419 1,287 673 1,356 1,300 4,462 Total loans and securities 33,087 1,669 8,304 1,7^5 2,7^6 2,229 1,823 5,456 1,288 676 1,363 1,324 4,464 Cash items in process of collection l>5bb 576 1,517 463 560 529 668 1,182 316 211 369 3^4 809 Bank premises 103 1 3 8 3 6 5 18 22 6 4 6 12 10 Other assets 636 [ 32 161 3b 55 4o 35 99 24 14 28 29 85 TOTAL ASSETS 57,284 I 3,240 13,721 3,115 4,5^3 3,920 3,46o 9,662 2,234 1,229 2,424 2,296 7,440 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 22; 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 32,193 1,884 7,805 1,876 2,7^0 2,631 1,843 5,801 1,306 583 1,237 966 3,521 Deposits: Member hank reserves 16,284 624 4,26l 718 1,094 710 38 2,552 563 392 778 842 2,812 U.S. Treasurer-general account 970 4o 165 43 56 84 66 152 47 4o 49 78 150 Foreign 125 6 1/33 7 11 6 7 18 4 3 6 7 17 Other 177 * 104 * 1 5 l 2 # # 2 l 61 Total deposits 17,55b 670 4,563 W IJI62 805 1,012 2,724 ol5 ~~W? 835 92b 3,040 Deferred availability cash items 5,851 605 908 377 ^91 399 509 894 256 172 279 306 655 Other liabilities and accrued 5 21 57 5 5 15 42 3 4 12 dividends 88 TOTAL LIABILITIES 1155,688 3,16^13,297 3,026 4,400 3,840 3,369 9,434 2,180 1,192 2,354 2,204 7,228 CAPITAL ACCOUNTS Capital paid in 510 24 136 28 46 25 29 72 17 12 23 30 68 Surplus 990 47 264 55 90 49 56 l4o 34 23 43 57 132 Other capital accounts 96 5 24 6 7 6 6 16 3 2 4 5 12 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 57,284 3,24o 13,721 3,H5 4,543 3,920 3,460 9,662 2,234 1,229 2,424 2,296 7,44o Contingent liability on accept ances purchased for foreign correspondents 2/31 11 16 16 FEDERAL RESERVE AGENT'S jA CCOUNTS F. R. notes outstanding 33,817 1,961 -87271 1,934 2,921 2,708 1,947 6,022 1,390 606 1,275 i;04C 3,742 Collateral for F. R. notes: Gold certificate account 6,552 423 1,650 405 500 575 340 1,100 260 112 272 180 735 Eligible paper 10 2 1 7 U. S. Government securities 28,387 1,580 6,750 i,6co 2,550 2,165 1,650 5,177 1,210 505 1,100 900 3,200 Total collateral 34,949 2,003 8,400 2,007 3,050 2,740 1,990 6,277 1,471 617 l>379 1,080 3*935 l/ After deducting $ 92 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