H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•lv°l^e*:. 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 H.4.1 April 30, 196*4- The average of daily figures of total member bank reserves held during the week ended April 29 decreased a net of $370 million to $19,952 million. Estimated currency and coin of member banks increased $86 million and their reserve balances at the Federal Reserve Banks decreased $V?6 million. Estimated required reserves decreased $13^ million; and estimated excess reserves decreased $236 million to $205 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $70 million, compared with $122 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $39^ million in Federal Reserve float, $184 mil lion in member bank borrowings, and $65 million in U- S. Government securities bought outright. The principal offsetting changes were an increase of $101 mil lion in U. S. Government securities held under repurchase agreement and a decrease of $99 million in currency in circulation. Total Reserve Bank credit decreased $510 million, As of Wednesday, April 29, holdings of U. S* Government securities bought outright were $191 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $64 million higher, and member ba$k borrowings were $235 million higher. Average ;s of daily figures Member bank reserves, Week ended "Change from week ended Wednesday, Reserve Bank credit, Apr. 29, Apr. 22, May 1, Apr. 29, and related items __ JShk 1Q64 1963 1964 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright—System account 32,985 - ^ +2,339 33,076 Held under repurchase agreement 101 +101 - 61 64 Acceptances- Bought outright 53 - 2 + 7 53 Held under repurchase agreement 34 + 3^ + 3^ 45 Discounts and advances- Member bank borrowings 135 -184 4l 373 Other 2 28 i 5 Float 1,772 .394 + 250 1,451 Total Reserve Bank credit 35/OB3 -510 +2,5B"3 35,05? Gold stock 15,462 4l5 15,463 Treasury currency outstanding _5i57§ i. 2 4 5,581 56,123 -508 +2,164 56,111 Currency in circulation 36,813 - 99 +2,230 36,878 Treasury cash holdings 423 - 9 - 15 431 Treasury deposits with F.R. Banks 929 + 31 34 952 Foreign deposits with F.R. Banks l40 + 7 27 l4o Other deposits with F.R. Banks 193 + 6 3 187 Other F.R. accounts (net) 959 + 13 - 38 999 39,T5"6 - 52 +2, Tii 39,T87 Member bank reserves: With Federal Reserve Banks 16,667 -456 + 52 16,525 Currency and coin (estimated) 3,285 + 86 + 256 3,667 Total reserves held 19,952 -370 + "308 20,192 Required reserves (estimated) 19,747 -13^ + 503 ! 19,800 Excess reserves (estimated) 205 -236 195 392 On April 29, 1964, U» S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,840 million, a decrease of $107 million for the week and an increase of $363 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS \^ XIX lUi.XXXUiii3 V-A Change since Apr. 29, Apr. 22, May 1, 1964 1964 19< 2 3 A S S E TS Gold certificate account 13,790 -- - 536 Redemption fund for F. R. notes l,to5 - 4 + 136 Total gold certificate reserves 15,195 __£ - 4"oo Cash (525) 178 - 6 -• 192 Discounts and advances 378 +230 + 225 Acceptances: Bought outright 53 - 1 + 9 Held under repurchase agreement ^5 + 1*5 45 U. S» Government securities: Bought outright — Bills 3,563 +191 + 910 Certificates 3,265 ... -10,306 Notes 21,622 „ +11,098 Bonds 4,626 -- + 332 Total bought outright 33,076 +191 + 2,034 Held under repurchase agreement 64 + 6k - 288 Total U. S. Government securities 33,140 1§55 + TW Total loans and securities 33,616 +529 + 2,025 Cash items in process of collection (1,287) 5,724 -386 117 Bank premises 103 -- -- Other assets 6c4 - 32 + 121 TOTAL ASSETS (1,812) 55,420 +101 + 1,437 L I A B I L I T I ES Federal Reserve notes (525) 31,637 - 25 + 2,027 Deposits: Member bank reserves 16,525 +2^1 - 581 U. S. Treasurer--general account 952 - 18 - 8 Foreign 140 + 15 - 30 Other (**) 187 + 10 + 4 Total deposits (**) 17,8o4 +248 -'-615 Deferred availability cash items (1,287) 4,273 -lH - 94 Other liabilities and accrued dividends 91 + 3 + 12 TOTAL LIABILITIES (1,812) 53,805 + 82 + 1,330 C A P I T AL A C C O U N TS Capital paid in 510 -- + 31 Surplus 990 -^ + 56 Other capital accounts 115 + 19 + 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,812) 55,420 +101 + 1,437 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) 30.4$ -.2$ - 1.8$ Contingent liability on acceptances purchased for foreign correspondents 116 - 1 + 33 * 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 AMD SECTOITIES, APRIL 29, 19^" (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 373 55 454 -lUl 16 days to 90 days 5 43 8,356 +i*23 91 days to 1 year *•# • - 9,837 - 27 Over 1 year to 5 years -~ -- 12,158 Over 5 years to 10 years „ -- 2,105 Over 10 years .- m„ 230 Total 378" 33,140 +255 ** Less than $'566,000. 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 29, 1964 Can 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 13,790 727 3,632 696 1,031 924 682 2,507 513 261 531 504 1,782 Redemption fund for F R. notes 1,405 79 334 79 122 114 83 25JL__ 5 2_ 27 5J_ 45_ 155 Total gold certificate reserves 15,195 806 3,966 775 1,153 1,038 765 2,762 572 288 584 549 1,937 F• R• notes of other Banks 525 28 168 38 40 22 66 33 14 28 14 32 42 Other cash 178 17 50 4 13 16 15 19 6 5 4 4 25 Discounts and advances 378 6 16 5 5 42 44 44 12 r 53 55 87 Acceptances: Bought outright 53 -- 53 -> - - - - - - - - - - — - •. — — .- Held under repurchase agreement 45 45 — m. U. S- Government securities: Bought outright-- Bills 3,563 ' 183 876 191 296 243 197 600 139 73 147 139 479 Certificates i 3,265 167 803 176 272 222 180 550 128 67 134 127 439 Notes 21,622 1,108 5,316 1,163 1,799 1,472 1,194 3,642 845 443 892 844 2,904 Bonds i 4,626 I 237 1,137 249 385 315 256 779 181 9iL_ 191 181 621 Total 133,076 1,695 8,132 1,779 2,752 2,252 1,827 5,571 1,293 677 1,364 1,291 4,443 Held under repurchase agreement 64 __ 64 -... - ~ - — - -. «.... Total U. S- Government securities 33,l4o ; 1,695 8,196 1,779 2,752 2,252 1,827 5,571 1,293 677 1,364 1,291 4,443 Total loans and securities !33,616 1,701 8,310 1,784 2,757 2,294 1,871 5,615 1,305 686 1,417 1,346 4,530 Cash items in process of collection 1 7,011 I 586 1,365 412 536 470 573 1,104 338 203 362 372 690 Bank premises 1 103 ' 3 8 3 6 5 18 22 6 4 6 12 10 Other assets 6o4 I 30 151 32 52 39 34 96 23 12 27 27 81 TOTAL ASSETS 157,232 3,171 14,018 3,048 4,557 3,884 3,342 9,651 2,264 1,226 2,4l4 2,342 7,315 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 CN APRIL 29, 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 32,162 1,885 7,801 1,875 2,736 2,627 1,843 5,785 1,305 581 1,239 963 3,522 Deposits: Member hank reserves 16,525 644 4,542 691 1,159 680 878 2,540 577 385 751 847 2,831 U.S. Treasurer-general aczc ount 952 1 51 156 4o 31 92 65 149 43 47 63 129 86 Foreign l40 6 1/37 8 13 7 8 20 5 3 6 8 19 Other 187 * 126 1 1 3 1 2 # * 1 l 51 Total deposits 17,804 701 4,b6l 740 1,204 7«2 952 2,711 625 435 «21 985 " 2,987" Deferred availability cash items 5,560 5C4 905 339 465 386 45G 909 275 171 279 297 580 Other liabilities and accn j.ed dividends 91 5 22 5 8 7 5 14 4 2 4 4 11 TOTAL LIABILITIES 55,617 3,095 13,589 2,959 4,413 3,802 3,250 9,419 2,209 1,189 2,343 2,249 7,10C CAPITAL ACCOUNTS Capital paid in 510 24 136 28 46 25 29 72 17 12 23 30 68 3 Surplus 990 47 264 55 90 49 56 l4o t 23 43 'I 132 Other capital accounts 115 5 29 6 8 8 7 20 2 5 15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ; 57,232 -liili- 14,018 3,048 4,557 3,884 3,3^2 9,651 2,264 1,226 2,4i4 2,342 7,315 Contingent liability on ac<se ptances purchased for fore-ign corre spondent s 116 § 2/31 6 11 6 6 16 4 3 5 7 16 FEDERAL RESERVE AGENT'S ACCOUNTS F- R. notes outstanding 33,782 1,968 8,265 1,937 2,927 2,703 1,938 6,017 1,384 603 1,275 1,037 '3,728 Collateral for F. R. notes: Gold certificate account 6,552 423 1,650 405 500 575 340 1,100 260 112 272 18C 735 Eligible paper 69 5 12 52 U. S. Government securities 28,387 1,580 6,750 1,600 2,550 2,165 1,650 5,177 1,210 505 1,100 900 3,200 Total collateral 35,008 2,003 8,4C0 2,01c 3,050 2,74o 1,990 6,277 1,482 617 1,424 1,080 3,935 1/ After deducting $ 103million participations of other Federal Reserve Banks, * Less than $500,000. 2/ After deducting $ 85million participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis