H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•^Siv F E D E R AL R E S E R VE *** mm mmm Factors Affecting Bonk Reserves *«d For immediate release Condition Statement of F.R, Iwiks May 7, 196^ The average of daily figures of total member bank reserves held during the veek ended May 6 increased a net of $355 million to $20,321 million- Estimated currency and coin of member banks decreased $225 million and their reserve balances at the Federal Reserve Banks increased $580 million-. Estimated required reserves increased $283 million; and estimated excess reserves increased $72 million to $338 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $127 million, compared with the revised figure of $131 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $595 million in U. S. Government securities bought outright and $82 million held under repurchase agreement, and $76 million in member bank borrowings and a decrease of $4l million in Treasury deposits with } Federal Reserve Banks. The principal offsetting changes were a decrease of $119 million in Federal Reserve float and an increase of $95 million in currency in circulation. Total Reserve Bank credit increased $640 million. As of Wednesday, May 6, holdings of U- 3. Government securities bought outright were $831 million higher than a week earlier, U. 8- Government securities held under repurchase agreement were $258 million higher, and member bank borrowings were $126 million lower. Averages of daily figures Member bank reserves, Week ended Change from jt/eek eQ&e& Wednesday, Reserve Bank credit, May 6, "TTprT~29, ~T~May 87 May 6, and related items 1964 196^ I 1963 1964 (In millions of dollars) Reserve Bank credit: U. S- Government securities-- Bought outright--System account 33,580 +595 +2,467 33,907 Held under repurchase agreement 183 + 82 - 5^ 322 Acceptances-- Bought outright 53 + 9 52 Held under repurchase agreement kl + 7 + 4l 36 Discounts and advances- Member bank borrowings 211 + 76 + 101 2^7 Other 2 - 29 Float 1,653 -119 + 108 1,403 Total Reserve Bank credit 35,723 +£5o +2,642 35,967 Gold stock 15,^63 -f 1 - 4oi 15A63 Treasury currency outstanding 5,582 +_ k + 2 5,584 +6?5 +2/244" 557758 577014" Currency in circulation 36,908 95 +2,153 37,064 Treasury cash holdings 427 k 8 436 Treasury deposits with F. R. Banks 888 kl - 81 785 Foreign deposits with P. R. Banks 156 16 - 16 137 Other deposits with F R. Banks 188 5 3 175 Other P. R. accounts (net) 95^ 5 - 36 962 39,521 + 65 +2,009 39,559 Member bank reserves: With Federal Reserve Banks 17,21+7 +580 + 235 17,455 Currency and coin (estimated) 3,07^ -225 ±_371 3,231 Total reserves held 20,321 +355 + 606 20,686 Required reserves (estimated) 19,983 +283 + 629 19,978 Excess reserves (estimated) 338 + 72 23 708 On May 6, 1964, U- S- Government securities held in custody by the Federal Reserve Banks for foreign account were $7,8l8 million, a decrease of $22 million for the week and an increase of $253 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 STATEMEMT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS V-LI1 XllXXXXUUt) U.i . UUilttl to Change since May 6, Apt• * 29, May 8, 1964 - .i . 964 1963 A S S ET S Gold certificate account 13,785 - 5 - 491 Redemption fund for F. R. notes 1,405 -- + 137 Total jg^ld certificate reseves 15,190 - 5 35% # Cash (485) 180 + 2 - 116 Discounts and advances 247 - 131 135 Acceptances: Bought outright 52 1 + 8 Held under repurchase agreement 36 9 36 U. S- Government securities: B*5ught outright--- Bills 4,394 + 831 + 1,682 Certificates 3,265 -- -10,306- Notes 21,622 -- +11,060 Bonds 4,626 -- + 247 Total bought outright 33,907 + 831 + 2,683 Held under repurchase agreement 322 + 258 + 164 HI Total U, s» Government securities 34,229 +1 + 2,847: Total loans and securities 34,564 + 948 + 2,756^ Cash items in process of collection (1,154) 5,581 ^ 143 + 596 Bank premises 103 -- --: Other assets i 672 + 68 + 145 TOTAL ASSETS (1,639) 567290 + 870 + 2,967 L I A B I L I T I ES Federal Reserve notes (485) 31,823 + 186 + 1,990 Deposits: Member bank reserves 17,455 + 930 + 684 U. S. Treasurer--general account 785 - 167 - 199 Foreign 137 - 3 - 46 Other 175 - 12 - 19 Total deposi;ts 18,~552 + 1^8 + 520 Deferred availability cash items (1,154) 4,178 - 95 + 426 Other liabilities and accrued dividends 103 + 12 + 24 TOTAL LIABILITIES (1,639) 547656 + 851 + 2,860 C A P I T AL A C C O U N TS Capital paid in 511 1 + 32 Surplus 990 -- + 56 Other capital accounts 133 + 18 + 19 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,639) 56,290 + 870 + 2,967 Pvatio 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*9$ .5$ - 2.3$ Contingent liability on acceptances purchased for foreign correspondents 117 +1 + 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 SECtmiTIES, MAY1T, 19&T (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 240 49" 7,268 +6,814 16 days to 90 days 7 39 2,302 -6,054 91 days to 1 year * -- 10,166 + 329 Over 1 year to 5 years -- -- 12,158 __ Over 5 years to 10 years „ -- 2,105 -- Over 10 years 230 -- Total Wf m 34,229 +1,089 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 6, 1964 San New Phila Cleve Rich St Minne Kansas Total |B oston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (in millions of dollars) A S S E TS Gold certificate account 13,785 691 3,334 695 1,063 942 786 2,147 519 292 587 563 2,166 Redemption fund for F- R. notes 1,405 79 337 78 122 112 83 255 59 26 54 45 155 Total gold certificate reserves 15,190 770 3,671 773 1,185 1,054 .869 2,402 578 318 641 608 2,321 F. R. notes of other Banks 485 29 163 38 36 19 57 27 11 26 11 32 36 Other cash 180 18 53 4 12 13 17 19 6 5 5 5 23 Discounts and advances 247 30 34 7 2 35 23 63 6 3 19 21 4 Acceptances: Bought outright 52 -- 52 -- __ -- — — -- -- -- -- — Held under repurchase agreement 36 — 36 -- -- -- — -- -- U. S- Government securities: Bought outright-- Bills i 4,394 226 1,088 239 361 301 237 756 171 89 179 168 579 Certificates 3,265 168 808 177 269 224 176 562 127 66 133 125 430 Notes 21,622 1,113 5,354 1,174 1,779 1,^83 1,168 3,723 838 44o 879 824 2,847 Bonds 4,626 238 1,146 251 381 317 250 797 179 94 188 176 609 Total 33,907 1 1,745 8,396 l,84l 2,790 2,325 1,831 5,838 1,315 689 1,379 1,293 4,465 Held under repurchase agreement ! 322 -- 322 «_ --. «- _- -- --. -- Total U. S. Government securities 34,229 1 1,745 8,718 1,841 2,790 2,325 1,831 5,838 1,315 689 1,379 1,293 4,465 Total loans and securities 34,564 ; 1,775 8,84o 1,848 2,792 2,360 1,854 5,901 1,321 692 1,398 1,314 4,469 Cash items in process of collection i 6,735 1 524 1,339 415 510 495 561 1,019 296 206 347 317 706 Bank premises 103 3 8 3 6 5 18 22 6 4 6 12 10 Other assets 672 34 170 36 58 44 36 109 25 l4 28 29 89 TOTAL ASSETS 57,929 3,153 14,244 3,117 4,599 3,990 3,412 9,499 2,243 1,265 2,436 2,317 7,654 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 6, 1964 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions3 of dollars) L I A B I L I T I ES Federal Reserve notes 32,308 1,891 7,822 1,882 2,7*n 2,636 1,860 5,811 1,311 583 1,248 966 3,557 Deposits: Member bank reserves 17,^55 688 4,770 7^3 1,202 784 952 2,505 599 424 792 9^3 3,053 U.S- Treasurer-general ac count 785 29 194 37 68 45 69 29 *7 59 hi 116 Foreign i 137 6 1/34 8 13 7 8 20 5 3 6 8 19 Other 1 175 3 103 1 1 5 1 2 1 2 1 55 Total deposits i iff, 552'" 726 5,101 789' 1,261 864" 1,006 2,596 634 " 474 859 999 3,243 Deferred availability cash items ! 5,332 454 856 350 443 401 448 841 239 168 253 255 624 Other liabilities and acci"u ed dividends 103 5 31 5 8 6 5 16 3 3 4 4 13 TOTAL LIABILITIES 56,295 3,076 13,810 3,026 M53 3,907 3,319 9,264 2,187 1,228 2,364 2,224 7,^37 CAPITAL ACCOUNTS Capital paid in 511 24 136 28 46 25 29 72 18 12 23 30 68 Surplus 990 hi 264 55 90 ^9 56 140 3^ 23 *3 57 132 Other capital accounts 133_ 1 _6_ J4__ 8 10 _9 8 23 . 4 6 6 17 TOTAL LIABILITIES AND 2 CAPITAL ACCOUNTS 57,929 3,153 14,244 3,117 4,599 3,990 3,^12 9,499 2,243 2,436 2^317 7,654 Contingent liability on acc ept- _J^265_ ances purchased for forei gn corre spondent s 1 117 i 6 2/31 6 11 6 6 16 4 3 5 7 16 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 8,259 1,929 2,916 2,701 1,9^0 6,023 1,379 605 1,286 1,034 3,719 Collateral for F. R. notes: Gold certificate account 1,650 405 500 525 3^0 1,100 260 112 272 180 735 Eligible paper 7 6 — 19 U. S. Government securities 6,750 1,600 2,550 2,205 1,650 5,177 1,210 505 1,100 900 3,200 Total collateral 2,003 8,4co 2,012 3,050 2,730 1,990 6,277 1,476 617 1,391 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