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 Jine 4, 1964 The average of daily figures of total member hank reserves held during the week ended June 3 increased a net of $123 million to $20,239 million. Estimated currency and coin of member banks decreased $91 million and their re serve balances at the Federal Reserve Banks increased $2l4 million. Estimated required reserves increased $119 million; and estimated excess reserves increased $4 million to $338 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $74 million, compared with the revised figure of $126 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $542 million in holdings of U. 5. Government secu rities and $56 million in member bank borrowings. The principal offsetting changes were a decrease of $218 million in Federal Reserve float and an increase of $134 million in currency in circulation. Total Reserve Bank credit increased $378 million As of Wednesday, June 3, holdings of U. S. Government securities bought outright were $460 million higher than a week earlier, U. S. Government secu rities held under repurchase agreement were $172 million higher, and member bank borrowings were $l6l million higher. Outright holdings of bills, notes, and bonds increased $4c8 million, $18 million, eind $34 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 3, May 27, June 5> June 3, and related items 1964 1964 1963 1964 (in millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 34,327 +508 +3,136 34,473 Held under repurchase agreement 54 + 34 - 48 182 Acceptances-- Bought outright 47 48 Held under repurchase agreement 7 i 18 Discounts and advances- Member bank borrowings 264 + 56 + 48 365 Other 1 + l Float 1.521 -216 + 203 1,345 Total Reserve Bank credit 36,222 +378 +3,3^ 36,431 Gold stock 15,463 + 1 - 334 15,463 Treasury currency outstanding 5>i§3 + 2 5,589 57,268 +381 ^37oi9 57,483 Currency in circulation 37,257 +13^ +2,149 37,407 Treasury cash holdings 432 + 2 + 25 440 Treasury deposits with F.R. Banks 914 - 13 + 271 804 Foreign deposits with F.R. Banks 145 + Ik - 24 119 Other deposits with F.R. Banks 197 + 23 + 14 212 Other F. R. accounts (net) 1,257 + 7 + 101 1,252 'W/Z02 +167 +2336 To,23k Member bank reserves: With Federal Reserve Banks 17,066 +214 + 484 17,250 Currency and coin (estimated) 3,173 - 91 + 317 3,378 Total reserves held 20,239 +223 + 801 20,628 Required reserves (estimated) 19,901 +119 + 803 20,070 Excess reserves (estimated) 338 + k 2 558 On June 3, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,899 million, an increase of $9 million for the week and a decrease of $63 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 (in millions of dollars) Change since June Z> May 27~, June 5, A S S E TS -^ ^ i 2 i 2— Gold certificate account 13,759 - 5 - ^88 Redemption fund for F. R. notes l,4l7 + 5 + 143 Total gold certificate reserves 15, 176 -- - 3~4~5~ Cash (426) 150 - 6 - 192 Discounts and advances 3^5 +1^1 + 194, Acceptances: Bought outright 48 -- + 6 Held under repurchase agreement 18 +11 18 U. S. Government securities: Bought outright— Bills 4,887 +**08 + 1,890 Certificates — — -14,443 Notes 24,905 + 16 +15,206 Bonds 4,681 +34 + 289 Total bought outright 3^73 +460 + 2,942, Held under repurchase agreement l82 t^H. + 152 Total u. s. Government securities 34,655 +632 + 3,094 Total loans and securities 35,086 +804 + 3,312 Cash items in process of collection (1,196) 5,326 +107 + 307 Bank premises 103 -- + 1 Other assets 394 + 22 + 53 TOTAL ASSETS (1,622) 56,235 +927 + 3,136" L I A B I L I T I ES Federal Reserve~notes~ " (426) 32,120 +187 + 1,991 Deposits: Member bank reserves 17,250 +760 + 450 U. S. Treasurer--general account 804 - 80 + 3p5 Foreign 119 - 26 45 Other (**) 212 + 27 + 23 Total deposits (**) 18,385 +381 + 733 Deferred availability cash items (1,196) 3,98l + 36 + 267 Other liabilities and accrued dividends 115 ± 4 + 35 TOTAL LIABILITIES (1,622) 54,601 +908 + 3,026 C A P I T AL A C C O U N TS Capital~paid in '" " 512 -- + 32 Surplus 990 -- + 56 Other capital accounts 132 + 19 + 2g TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,622) 56,23$ +927 + 3,13? 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$ - >% 2-5fi Contingent liability on acceptances purchased for foreign correspondents l47 -- + 64 * Figures in parenthese's are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. __ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 3. 1964 (Acceptancesand 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 359 31 ' 800 +195' 16 days to 90 days 6 35 4,496 +203 91 days to 1 year ** -- 12,630 +183 Over 1 year to 5 years --. .... 14,364 + 29 Over 5 years to 10 yeai" S _. 2,131 + 18 Over 10 years -- -• 234 + 4 m Total 3S5 34,655 +S32 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H-4.l(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JURE 3, 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 13,759 737 3,427 731 1,044 935 771 2,158 527 286 592 584 1,967 Redemption fund for F R- notes 1,417 61 339 79 123 119 82 253 58 27 53 44 159 Total gold certificate reserves 15,176 818 3,766 810 1,167 1,054 853 2~,4ll 585 313 645 ' 628 2,126 F• R• notes of other Banks 426 21 156 30 28 20 45 24 10 23 11 24 34 Other cash 150 12 4l 5 9 11 17 19 6 4 4 4 18 Discounts and advances 365 67 86 2 10 13 4l 53 13 4 36 30 8 Acceptances: Bought outright 48 m.m. 48 — _ «~ — — — — «. — — — — — _ — — «. — — — Held under repurchase agreement ' 18 ~~ 18 -- U- S. Government securities: Bought outright— Bills 4,887 247 1,232 263 399 333 264 642 191 97 194 161 644 Certificates Notes 24,905 1,258 6,281 1,338 2,034 1,696 1,342 4,291 976 498 987 923 3,281 Bonds 4,68l 236 1,181 252 382 319 252 806 184 94 185 174 616 Total 34,473 l,74l 8,694 1,853 2,815 2,348 1,858 5,939 1,351 689 1,366 1,278 4,541 Held under repurchase agreement 182 182 Total U. S- Government securities 34,655 1,741 8,876 1,853 2,815 2,348 1,858 5,939 1,351 689 1,366 1,278 4,541 Total loans and securities 35,086 1,808 9,028 1,855 2,825 2,361 1,699 5,992 1,364 693 i,4o4 1,308 4,549 Cash items in process of collection 6,522 469 1,255 393 503 443 519 l,l46 294 206 342 309 643 Bank premises 103 3 8 3 6 5 18 22 6 4 6 12 10 Other assets 394 19 101 21 35 23 22 61 15 9 17 19 52 TOTAL ASSETS 57,857 3,150 14,355 3,117 4,573 3,917 3,373 9,675 2,280 1,252 2,429 2,304 7,432 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4. l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 3, 1964 — -•{ New Fhila- Cleve Rich St. Minne- Kansas San Total 1 Boston I 1 Y ork Idelphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco J (In millions; of dol]_ arsT L I A B I L I T I ES ! Federal Reserve notes 32,5^6 1 1,901 7,856 1,896 2,757 2,655 1,874 5,853 1,316 586 1,264 976 3,612 Deposits: j Member bank reserves 11 7,250 i 689 4,834 720 1,180 74l 916 2,566 618 klk 782 905 2,885 U.S. Treasurer-general account dok 48 188 67 51 51 53 72 47 40 60 49 78 Foreign \ 119 6 1/31 6 11 6 7 17 4 3 5 7 16 Other 21? * 137 5 1 4 1 3 1 3 1 56 Total deposits 743 5,190 798 1,243 8C2 ' 977 " 2,658 670"" 457" 850 9E2- 3,035 Deferred availability cash items 5,177 423 843 326 4i9 371 423 910 234 169 239 269 551 Other liabilities and accrued dividends 115 6 32 6 8 6 6 19 k 3 4 4 17 TOTAL LIABILITIES 5o,223 3,073 13,921 * 3/026""' ""4/427 "3/834 3,280 ' 9,4Jf6~ 2,22~4— 1,215 2,357 2,211 7,215 CAPITAL ACCOUNTS Capital paid in 512 2k 136 26 ke 25 29 73 18 12 23 30 68 Surplus 990 47 264 55 90 49 56 i4o 34 23 43 57 132 Other capital accounts _122_ 3iL _e_ 10 9_ 8__ 22 k_ 2__ 6_ 6_ 17 [ 6__ TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 57.857 :_,^.iSP._1 4^51. _ -3/J-lI_.J h.573_ 3,917 _9^67„5__. 2,280 1,252 2,429 2,304 7,432 Contingent liability on accept lk ances purchased for foreign L ^ c orre spondent s 1 7 2/39 e 13 7 8 21 5_ 4 7_ 8 20 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding I 3^, 004 [1/968 8,295 1,950 2,932 2,730 1,960 6,069 1,376 611 1,296 1,042 3,775 Collateral for F* R. notes: Gold certificate account 6,5^2 1,650 405 500 565 340 1,100 260 112 272 180 735 Eligible paper 52 2 13 37 U. S. Government securities 28.UL l,58o 6,750 1,600 2,550 2,215 1,650 5,177 1,210 505 1,100 900 3,2cq_ Total collateral 35,031 i 2,003 8,4oo 2,007 3,050 2,780 1,990 6,277 1,463 617 1,409 1,C80 3,935 1/After deducting $ 88 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $108 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis