H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Aff•ctin§ link RtstrvtS **4 C%ni\ti%* StittM«nt «f F.I. Iiaks For immediate release E.k.'V" June 25, 1964 The average of daily figures of total member tank reserves held during the week ended June 24 increased $66 million to $20,680 million. Estimated cur rency and coin of.member banks increased $l4 million and their reserve balances at the Federal Reserve Banks increased $52 million. Estimated required reserves increased $170 million.; and estimated excess reserves decreased $104 million to $349 million- Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $117 million, compared with the revised figure of $126 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $313 million in Federal Reserve float and a decrease of $39 million in currency in circulation. The principal offsetting changes were decreases of $153 million in U. S. Government securities held under repurchase agreement and $95 million in member bank borrowings, and an increase of $33 million in "other" F. R. accounts (net). Total Reserve Bank credit in creased $64 million. As of Wednesday, June 24, holdings of U. S. Government securities bought mtright were $93 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $179 million lower, and member bank borrowings were $121 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 2k, June 17, June 26, June 24, and related items 1964 1964 1963 1964 1 (in millions of dollars} Reserve Bank credit: U. S. Government securities— Bought outright--System account 34,427 • 11 +2,997 34,531 Held under repurchase agreement •153 - 153 Acceptances-- Bought outright 49 + 8 48 Held under repurchase agreement 31 + 11 + 29 53 Discounts and advances-- Member bank borrowings 232 - 95 93 Other - l Float +313 +_282 1,821 Total Reserve Bank credit ~6l +3/161 3675T6 Gold stock - 318 15,463 Treasury currency outstanding 5,586 57,918 + 64 +27§41 57,595 Currency in circulation 37,574 39 37,588 Treasury cash holdings 395 20 402 Treasury deposits with F. R. Banks 905 25 967 Foreign deposits with F. R. Banks 138 7 139 Other deposits with F. R. Banks 203 7 197 Other F. R. accounts (net) -1,2J3 33 1,284 W+8B + 11 "4~6~,577 Member bank reserves: With Federal Reserve Banks 17^30 + 52 + 429 17,017 Currency and coin (estimated) 3,250 + 14 3,622 Total reserves held 20,680 TT6 + "628 20,639 Required reserves (estimated) 20,331 +170 + 658 20,337 Excess reserves (estimated) 349 -104 - 30 302 On June 24, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,172 million, an increase of $135 million for the week and an increase of $115 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 T'.ELVE FEDERAL RESERVE BANKS (In millions of dollars) Charge since June 24, June 17, June 26, , .. 1964 1963 Gold certificate account 13,757 - 9 - 395 Redemption fund for F- R. notes 1,432 + 1 + 142 Total gold certificate reserves 15,189 - 8 - 253 Cash (452) 141 - 2 - 215 Discounts and advances 93 - 121 • 519 Acceptances: Bought outright 48 -- + 10 Held under repurchase agreement 53 31 53 U. S. Government securities: Bought outright-- Bills 4,9C8 f 93 + 2,038 Certificates __ __ -14,443 Notes 24,912 — +15,189 Bends 4,711 -- + 299 Total bought outright 34,531 + 93 + 3,C83 Held under repurchase agreement -- 179 - 149 Total U- S. Government securities 34,531 - + 2,934; Total loans and^securities 34,725 - 176 + 2,478 Cash items in process of collection (1,259) 6,241 - 975 + 8C3 Bank premises 103 __ + 1 Other assets 340 - 29 43 TOTAL ASSETS (1,711) 56,739 ^i ,190 + 2,771 L I A B I L I T I ES Federal Reserve notes (452) 32,272 71 + 2,030 Deposits: Member bank reserves 17,017 - 474 + 353 U. S. Treasurer—general account 967 + 177 - 87 Foreign 139 - 15 43 Other 197 - 16 14 Total deposits 18,320 - 328 + 209 Deferred availability cash items (1,259) 4,420 - 816 + 393 Other liabilities and accrued dividends 116 + 3 + 31 TOTAL LIABILITIES (1,711) 55,128 -1, 212 + 2,663 C A P I T AL A C C O U N TS Capital paid in 512 -- + 31 Surplus 990 -- + 5S Other capital accounts 109 + 22 + 21 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS; (1,711) 56,739 -1,190 + 2,771 Ratio of gold certificate reserves to depo*-i t and F. R. note liabilities combined (com puted from figures as shown on the fol lowing pages--not consolidated) 29.8# •3* 1.9$ Contingent liability on acceptances purchase; ed for foreign correspondents 148 + 1 + 65 * Figures in parentheses are the eliminate.o ns made in the consolidating process; see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES,_JUNE 24, :L 964 (Acceptances and securities held under repurchase agreement are classified a£ maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Changes Discounts and Acceptances Holdings during wee); advances Fithin 15 days 8? 64 696 -124 16 days to 90 days 6 37 4,463 - 14 91 days to 1 year 12,6c6 + 52 Over 1 year to 5 years 14,691 Over 5 years to 10 yeairrss :: 1,836 «, — Over 10 years -- -~ 239 --. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATIMEKT^^ 24, 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 13,757 640 3,895 678 1,035 930 648 2,326 511 254 604 540 1,696 Redemption fund for F. R. notes 1A32 82 337 79 124 115 87 £9__ 2J__ 5i_ k5_ 163 Total gold certificate reserves 15,189 722 4,232 757 1,159 1,045 735 2,584 570 281 660 585 1,859 F. Ro notes of other Banks 1*52 22 163 29 28 25 4l 27 15 24 13 23 42 Other cash 1 141 10 38 4 7 12 15 16 7 3 6 6 17 Discounts and advances 93 3 14 Q 8 26 16 3 9 9 * ^y Acceptances: Bought outright 1*8 "" 48 „_ -- __ -- -- -„ -- __ Held under repurchase agreement i 53 53 __ U. S. Government securities: Bought outright- r Bills k, 908 253 1,200 266 4io 331 270 830 192 101 197 192 666 Certificates -- I -- -- -- — __ -- -- -- -- __ -- Notes 24,912 ; 1,285 6,092 1,350 2,C8l 1,677 1,371 4,213 975 513 999 975 3,381 Bonds LAJII. i 243 1,152 255 393 317 259 _. _J27_ 185 97 189 185 639 Total 3^531 : 1,781 8,444 1,871 2,884 2,325 1,900 5,840 1,352 711 1,385 1,352 4,686 Held under repurchase agreement „ „ -- -- -_ «- __ -- --. -- ~~ -- 1 Total U. S. Government securities 34,531 1,781 8,444 1,871 2,884 2,325 1,900 5,840 1,352 711 1,385 1,352 4,686 Total loans and securities 34,725 ; 1,784 8,559 1,874 2,885 2,333 1,926 5,856 1,353 714 1,394 l,36l 4,686 Cash items in process of collection : 7,500 653 1,469 449 530 551 600 1,158 330 218 422 366 754 Bank premises 103 3 8 3 6 5 18 22 6 4 6 12 10 Other:, assets. 1 340 17 86 19 30 21 19 53 13 7 14 15 46 5KHMlL"£SSEa!S" 58,450 ; 3,211 14,555 3,135. 4,645 3,992 3,354 9,716. 2>294>. 1,251 2,515 2.,.36a 7,Jnft *Less than $500> 000 <. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK OH JUNE 24, 1964 San New Phila Cleve Rich St. Minne Kansas Total jB oston 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 32,724 1,927 7,865 1,908 2,775 2,678 1,882 5,891 1,325 588 1,270 986 3,629 Member bank reserves 17,017 626 5,030 705 1,171 727 836 2,527 598 380 794 895 2,728 U-S- Treasurer -general account 967 47 50 67 58 60 95 52 62 94 73 114 Foreign 139 6 i/44 7 12 7 7 18 4 3 6 8 17 Other 197 1 130 * * 2 12 1 # 1 * 59 Total deposits 18,320 680 5,399 762 1,250 794 904 2,642 655 895 2,918 Deferred availability cash items 5,679 522 837 370 466 431 469 93^ 255 178 274 308 635 Other liabilities and accrued dividends 116 6 27 6 10 8 7 18 4 3 5 17 5 TOTAL LIABILITIES ; 56,839 3,135 14,128 3,046 4, 501 3,911 3,262 9,485 2,239 1,214 2,444 2,275 7,199 CAPITAL ACCOUNTS Capital paid in 512 24 136 28 46 25 29 73 IS 12 23 30 66 Surplus 990 j ^7 264 55 90 k9 56 34 23 43 57 132 140 Other capital accounts 109 5 27 6 8 7 7 3 2 5 6 .15 18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ; 58,450 ,3^211__ 1^,555 _J*i2£_J h&£L.. _.3x2?2___ 3*32!L_. 9,716 ._2JL29JL._ 1,251 __2,_5_15_ 2,368 7,414 Contingent liability on accept ances purchased for foreign corre spondent s ' 148 7 2/39 8 14 7 8 21 1_ 3_ 7_ 2. 20 FEDERAL RESERVE AGENT'S ACCOUKK F. R. notes outstanding 34,302 1,999 8,331 1,970 2,956 2,756 1,973 6,111 1,394 609 1,308 1,055 3,840 Collateral for F. R. notes: Gold certificate account 6,542 423 1,650 405 500 565 340 1,100 260 112 272 180 735 Eligible paper 13 3 1 9 U. S. Government securities _28j832_ 1,610 6,850 l,6co 2,550 2,230 1,700 5,177 1,210 505 900 3,4cc___ Total collateral 35,387 2,033 8,500 2,008 3,050 2,795 2,040 6,277 1,471 617 1,381 1,080 4,135 l/f&bGT deducting $ 95 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $109 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis