H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Factors Afftcting Bank Rtserves and Condition Statement of F.t. tanks For immediate release H.4 T'** June 11, 1964 The average of daily fig-ares of total member bank reserves held during the week ended June 10 increased a net of $6 million to $20,202 million. Esti mated currency and coin of member banks decreased $107 million and their reserve balances at the Federal Reserve Banks increased $113 million. Estimated required reserves decreased $63 million; and estimated excess reserves increased $69 mil lion to $366 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $77 million, compared with the revised figure of $33 mil lion the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $203 million in U. S- Government securities bought outright and $173 million held under repurchase agreement. The principal off setting changes were a decrease of $50 million in Federal Reserve float and in creases of $230 million in currency in circulation and $51 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $375 million. As of Wednesday, June 10, holdings of U. S. Government securities bought outright were $66 million higher than a week earlier, U* 3* Government securities held under repurchase agreement were $64 million lower, and member bank borrowings were $31 million lower. Outright holdings of bills, notes, and bonds increased $29 million, $7 million, and $30 million, respectively. Averages of daily figures Member bank reserves, Week ended Change fromweek ended Wednesday, t Reserve Bank Credit, June 10, June 3, June 10, and related items 1964 1964 [ 1963 1964 (in"millions of doTlars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 34,530 +203 +3,017 34,539 Held under repurchase agreement 227 +173 + 153 118 Acceptances- Bought outright 48 1 + 5 48 Held under repurchase agreement 32 25 + 32 31 Discounts and advances- Member bank borrowings 289 + 25 4l 334 Other - 1 l Float - 50 89 1,330 IF,4oo Total Reserve Bank credit 36,597 +375 +3,336 Gold stock 15,462 - 1 - 335 15,463 Treasury currency outstanding 5,590 + 9 5,586 + 7 57,649 +381 +3,010 57,449 Currency in circulation 37,487 +230 +2,189 37,611 Treasury cash holdings 436 + 4 + 34 429 Treasury deposits with p. R, Banks 905 - 9 + 131 845 Foreign deposits with F.R. Banks 135 - 10 - 83 142 Other deposits with F.R. Banks 199 + 2 6 190 Other F.R. accounts (net) 1,308 + 51 + 152 1,311 40,471 +269 +2,419 40,528 Member bank reserves: With Federal Reserve Banks 17,179 +113 + 592 16,920 Currency and coin (estimated) 3,023 -107 + 182 3,436 Total reserves held 20,202 + 6 + 774 20,356 Required reserves (estimated) 19,836 - 63 + 827 19,8l4 Excess reserves (estimated) 366 + 69 53 542 On June 10, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,937 million, an increase of $38 million for the week and a decrease of $48 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) v'CNSOLCiAi'ED SUPtmtiffi?; OF CQR&J.TON OF TES T'wELYS ?E£EK/.L 3SSE3S® BAMS (in millions of dollars) Change^ June 10. Jus® 3* June 12, 196A__ 1964 ••.lg63__ A S S E TS Go]d certificate account 13,75^ 481 Redsm.ptien fund for F. R. notes 1, 422 140 ~WL Total gold certificate reserves 15,176" Cash (393) 140 - 10 203 Discounts and advances - 31 79 33^ Acceptances: Beught outright 48 6 Held under repurchase agreement 31 + 13 31 U. S. Government securities: Bought outright-- Bills 4,916 + 29 + 1,905 Certificates -1.4,443 Notes 24,912 + 7 +15,213 Bonds + 30 + 319 4,711 Total bought outright +~66* + 2,994 34,539 Held under repurchase agreement - 64 :_ 29 118 Total U. £. Government securities 34T637 Total loans and securities ^3,c8i 35,070 Cash items in process of collection (1, 122) 5,231 - 192 Bank premises 103 + 1 Other assets 362 ± II TOTAL ASSETS (1.515) 56,082 L I A B I L I T I ES Federal Reserve notes (393) 32,308 +188 + 2,069 Deposits: Member bank reserves 16,920 -330 + 251 U. S. Treasurer--general account 845 + 4l + 211 Foreign 142 + 23 - 77 Other 190 - 22 - 53 'i'otal deposits IB,097 ~2"BH 332 Deferred availability cash items (1,122) 3,901 - fiO 264 Other liabilities and accrued dividends 119 + 4 38 TOTAL LIABILITIES (1,515) 54,425 2,175 C A P I T AL A C C O U N TS Capital paid in ~ 512 + 32 Surplus 990 + 56 Other capital accounts _^1 55 + 23 + ICO TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,515) I^TqBf -153 + 2,3^3 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) 29.9$ + .1% 2# Contingent liability on acceptances purchased for foreign correspondents l48 + 1 65 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages MATURITY DISTRIBUTION OF LOAMS AMD SECURITIES, JUNE 10, 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 Discounts and Changes advances Acceptances Holdings during week Within 15 days 330 45 6l6 -184 16 days to 90 days 4 34 4,676 +180 91 days to 1 year 12,599 - 31 Over 1 year to 5 years 14,384 + 20 Over 5 years to 10 years 2,1^3 + 12 Over 10 years 239 + 5 Total 33^ 79 3^,657 + 2 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 JUNE 10, 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 13,75^ 672 3,748 744 1,074 880 751 2,319 522 265 530 476 1,773 Redemption fund for F. R. notes 1,1*22 80 340 78 123 118 83 254 59 26 53 44 164 Total gold certificate reserves 15,176 752 4,088 822 1,197 998 834 2,573 581 291 583 520 1,937 F. R. notes of other Banks 393 16 151 25 23 21 36 23 9 21 13 21 34 0t~hex cash 140 11 42 4 8 10 16 18 5 3 3 4 16 Discounts and advances 33^ 51 59 2 7 24 20 103 3 6 37 16 6 Acceptances: Bought outright i 48 -- 48 .,_ __ -- -- __ -- -- -- __ -- Held under repurchase agreement 31 1 31 — -- -- -- -- -- -- U. S. government securities: Bought outright- Bills ; 4,916 255 1,209 264 403 337 271 824 193 102 199 195 664 Certificates 1 | -- • -. __ _- -- -- -- __ __ -_ -- Notes 24,912 | 1,294 6,128 1,337 2,o44 1,708 1,372 4,177 980 516 1,009 987 3,360 Bonds Lib 711 1 245 1,159 253 336 323 260 790 185 98 191 186 635 Total 34,539 1 1,794 8,496 1,854 2,833 2,368 1,903 5,791 1,358 716 1,399 1,368 4,659 Held under repurchase agreement ! 118 118 _- --. -_ -- -- -- -- -- »- --. Total U. S. Government securities 34,657 1,794 8,6l4 1,854 2,833 2,368 1,903 5,791 1,358 716 1,399 1,368 4,659 Total loans and securities 135,070 1 1,845 8,752 1,856 2,84o 2,392 1,923 5,894 1,361 722 1,436 1,384 4,665 Cash items in process of collection 6,353 477 1,187 393 464 496 524 1,043 306 210 350 288 615 Bank premises 103 ! 3 8 3 6 5 18 22 6 4 6 12 10 Other assets :__3i<L_ 18__ 2L. 20 32 22 2_0__ §£_ 14 7„ 16 17 49__ L TOTAL ASSETS 57,597 | 3,122 14,319 3,123 4,570 3,944 3,371 9,629 2,282 1,258 2,407 2,246 7,326 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 JUKE 10, 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 32,701.. 1,914 7,868 1,902 2,773 2,666 1,887 5,876 1,325 589 1,273 985 3,64i Deposits: Member bank reserves 16,920 641 4,928 712 l,l4i 728 878 2,533 595 412 750 862 2,74o U.S. Treasurer-general a<z count 845 59 99 73 88 66 67 98 V9 46 57 46 95 Foreign lk2 6 1/47 7 12 7 7 18 5 3 6 7 17 Other 190 l 120 l 1 3 12 *• 2 1 58 Total deposits 18,097 707 5,194 793 1,242 8c6 953 2,651 649 46l 815 916 2,910 Deferred availability cash items 5,023 4i7 787 330 398 381 430 843 247 167 242 246 535 Other liabilities and accnu ed dividends 119 6 30 6 9 7 7 18 4 3 4 5 20 TOTAL LIABILITIES 55,940 3,044 13,879 3,031 4,422 3,660 3,277 9,390 2,225 1,220 2,334 2,152 7,106- CAPITAL ACCOUNTS Capital paid in 512 136 28 46 25 29 73 18 12 23 30 68 Surplus 990 47 264 55 9C 49 56 140 34 23 ^3 57 132 Other capital accounts 155 4o 9 12 10 9 26 5 3 7 7- 20 TOTAL LIABILITIES AND _iii£_ CAPITAL ACCOUNTS 57,597 3,122 14,319 3,123 3,944 3,373^_ 9,629_ 2,282 _l,_258_ 2,407 2,246 __7i_326_ Contingent liability on ace: eptances purchased for fore: correspondents 148 7 2/39 8 14 7 8 21 5 3 7 9 20 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding "1,954 5733T ~795T "57^—27747—17957 57C90" T7W 613 1,3C9 1,056' 3,803 Collateral for F. R. notes : Gold certificate account 423 1,650 405 500 565 3^0 1,100 260 112 272 180 735 Eligible paper 2 3 36 U. S. Goverrment securities 1,580 6,650 1,600 2,550 2,215 1,650 5,177 1,210 505 1,100 900 3,200 Total collateral 2,003 8,500 2,007 3,050 2,780 1,990 6,277 1,473 617 i,4c8 1,080 3,935 1/ After deducting $ 95million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 109million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis