H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Affecting lank Rtstrvts aid Condition Statement of F.I. tanks For immediate release July 16, 1964 The average of daily figures of total member bank reserves held during the week ended July 15 increased a net of $173 million to $20,982 million. Esti mated currency and coin of member banks increased $310 million and their reserve balances at the Federal Reserve Banks decreased $137 million. Estimated required reserves decreased $90 million; and estimated excess reserves increased $263 mil lion to $557 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $97 million, compared with the revised figure of $31 mil lion the week before. The principal changes reducing average reserve balances vith Federal Reserve Banks were decreases of $185 million in U. S. Government securities bought outright, $95 million in Federal Reserve float, and $22 million in acceptances held under repurchase agreements, and increases of $183 million in currency in circulation and $^3 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $197 million in member bank bor rowings and $15^ million in U. S. Government securities held under repurchase agreements, and a decrease of $33 million in "other" P. R. accounts (net). Total Reserve Bank credit increased $48 million. As of Wednesday, July 15, holdings of U. S. Government securities bought outright were $307 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $53 million higher, and member bank borrowings were $290 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, July 15, July 8, July 17, July 15, and related items 1964 196i 1964 Jin millions of dollars)" Reserve Bank credit: U. S. Government securities- Bought outright--System account 35,030 -185 +3,091 34,910 Held under repurchase agreements 274 +154 + 171 296 Acceptances- Bought outrigjit k6 ~ 1 + 6 44 Held under repurchase agreements 39 - 22 + 33 17 Discounts and advances-- Member bank borrowings k6o +197 60 126 Other 1 Float 1,787 - 95 142 1,897 Total Reserve Bank credit 37,636 + k8 +3,217 37,290 Gold stock 15,463 - 206 15,463 Treasury currency outstanding 5,562 - 12 - 20 58,661 + '36 +2,991 58,317 Currency in circulation 38,099 +183 +2,249 38,087 Treasury cash holdings 425 + 9 + 29 437 Treasury deposits with F. R. Banks 885 + 43 - 37 923 Foreign deposits with F. R. Banks 123 - 11 57 127 Other deposits with F. R. Banks 204 - 18 + 5 216 Other F. R. accounts (net) 1,223 - 33 + 167 40,958 +173 +2,355 40,967 Member bank reserves: "/11th Federal Reserve Banks 17,703 -137 + 636 17,350 Currency and coin (estimated) 3,279 +310 + 174 3,644 Total reserves held 20,982 +173 + 810 20/995 Required reserves (estimated) 20,425 - 90 + 848 20,431 Excess reserves (estimated) 557 +263 - 38 563 On July 15, 1964, u. S. Government securities held in custody "by the Federal Reserve Banks for foreign account were $8,105 million, an increase of $-2 mi: lion for the veek and an increase of $72 million from the romparable 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 sici ce July 15. July 8, July 17, 1964 1964 1963 A S S E TS Gold certificate account 13,724 - 5 - 317 Redemption fund for F. R. notes 1,457 + 1 + lk9 Total gold certificate reserves 15,181 - k -~I6B Cash (398) 124 -- - 214 Discounts and advances 126 * 290 • 156 Acceptances: Bought outright 44 - h + 4 Held under repurchase agreements 17 - W + 14 U. S. Government securities: Bought outright-- Bills 5,287 307 + 2,353 Certificates -- -- -11*,1M54 Notes 24,912 -- +15,106 Bonds 4,711 -- +_ 163 Total "bought outright 34,910 - 307 + 3,158 Held under repurchase agreements 296 4-. ^ 53 -*• 296 Total U. S. Government securities 35,206 -_ 254 + "37414" Total loans and securities 35,393 - 587 + 3,316 Cash items in process of collection (1,536) 6,874 +1, 365 + 423 Bank premises 103 — + 1 Other assets 4o8 + 11 + 11 TOTAL ASSETS (1,93*0 58,083 + "785 + 3,369 L I A B I L I T I ES Federal Reserve notes (398) 32,802 14 + 2,113 Deposits: Member bank reserves 17,350 - 239 + 649 U. S. Treasurer--general account 923 + 138 + 39 Foreign 127 -f 2 - 53 Other (l) 216 + 3 + 5 Total deposits (l) 18,616 - 96 + 64o Deferred availability cash items (1,535) 4,977 + 971 -f 491 Other liabilities and accrued dividends 99 - 7 + 27 TOTAL LIABILITIES (1,93*0 56,494 •f "B5I+ -<-3,271 C A P I T AL A C C O U N TS Capital paid in 516 — + 34 Surplus 990 -- + 56 Other capital accounts 83 - 69 + 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,93^) 58,083 + 785 + 3,369 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•3$ -- -2.0$ Contingent liability on acceptances purchased for foreign correspondents 1^3 1 + 59 * 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 SECURITIES, JULY 15, 196^ (Acceptances and securities held under repurchase agreements 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 112233 2255 11,,116666 -109 16 days to 90 days 33 3366 ^4,552244 - 93 91 days to 1 year **** -.-- 1122,,775500 - 52 Over 1 year to 5 years -. 14,691 Over 5 years to 10 yeatrrss -- 1,836 Over 10 years -- -- 239 Total 112265" 5611 3355,,220066 -25** Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDEEAL RESERVE BANK ON JULY- 1J, 1964 13 an New- Phila Cleve Rich St. Minne- Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis .. apolis City cisco Cm millions of dollars) A S S E TS | Gold certificate account 671 3,698 648 94l 845 862 2,301 567 257 622 54o 1,772 Redemption fund for F. R. notes 1^57 J 84 34o 81 126 123 86 262 60 26 55 46 168 Total gold certificate reserves 15,181 l 755 4,038 729 "1,067 968 958 " 2,563 ' 627 283 " 677 5&B~' 1,940 F. R. notes of other Banks 398 ! 17 146 20 18 29 36 28 10 25 11 18 4o Other cash 124 9 39 3 6 10 14 13 5 4 4 3 14 Discounts and advances 126 3 23 66 4 A 6 12 n Acceptances: Bought outright 44 44 — — -- -- Held under repurchase agreements 17 17 U. S. Government securities: Bought outright- Bills 5,287 283 1,288 290 448 368 273 884 203 105 213 204 728 Certificates Notes 24,912 1,335 6,066 1,368 2,107 1,730 1,287 4,168 960 497 1,000 961 3,433 Bonds 4,711 253 1,147 25£_ 398 327 243 788 182 189 182 649 Total 34,910 1,871 8,501 1,917 2,953 2,425 1,803 5,84o 1,345 696 1,402 1,347 4,810 Held under repurchase agreements 296 296 Total U- S. Government securities '35,206 1,871 8,797 1,917 2,953 2,425 1,803 _5,84o_ 1,345 696 1,402 1,347 4,810 Total loans and securities 35,393 1,872 8,859 1,917 2,954 2,428 1,826 5,906 1,349 704 1,408 1,359 4,811 Cash items in process of collection 8,410 573 1,715 476 638 645 672 1,381 383 256 471 395 805 Bank premises 103 3 8 3 6 5 18 22 6 4 6 12 10 Other assets 408 21 102 22 36 25 22 65 15 8 18 56 18 TOTAL ASSETS 60,017 3,250 14,907 3,170 4,725 4,iio 3,536 9,978 2,395 1,284 2,595 7,676 2,391 *Less than $500,000. 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 ON JULY 15, 1964 ! San Total Boston New Phila Cleve Rich- jA tlanta Chicago St. Minne Kansas Dallas Fran York delphia land Louis apolis City mend cisco (In millions» of dollars) L I A B I L I T I ES Federal Reserve notes 33,200 1,963 7,923 1,930 2,812 2,728 1,910 5,996 1,340 590 1,291 1,006 3,711 Deposits: Member hank reserves 17,350 649 5,005 719 1,135 721 928 2,536 635 385 824 896 2,917 U.S. Treasurer-general account 923 38 274 23 57 67 63 47 54 59 86 61 94 Foreign 127 6 1/38 7 11 6 7 17 4 3 5 7 16 Other 217 * 151 1 * 5 1 2 * * 2 3 52 Total deposits 18,617 693 5,468 750 1,203 799 999 2,602 693 447 917 967 3,079 referred availability cash items 6,512 513 1,070 397 559 498 531 1,136 304 208 313 322 661 Other liabilities and accrued dividends 99 6 25 5 8 6 5 17 4 2 4 4 13 TOTAL LIABILITIES "58,428 3,175 14,486 3,082 4,582 4,031 3,445 9,751 2,341 1,247 2,525 2,299 7,464 CAPITAL ACCOUNTS Capital paid in ! 516 24 136 29 46 26 30 73 18 .12 23 30 69 Surplus : 990 264 "I 90 49 56 l4o 3^ 23 57 132 Other capital accounts i 83 21 7 4 5 14 2 2 5 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 160,017 3,250 14,907 3,170 4,725 4,110 3,536 9,978 2,395 1,284 2,595 2,391 7,676 Contingent liability on accept ances purchased for foreign correspondents 143 7 2/38 8 13 7 8 20 5 3 7 8 19 FEDERAL BES35VE AGENT'S ACCOUNTS F. R. notes outstanding 8,365 1,984 2,986 2,824 2,001 6,222 17522" TI4~ 1,334 1,077 3,907 Collateral for F. R. notes: Gold certificate account 1,670 425 500 565 34o 1,100 260 112 277 180 735 Eligible paper 4 6 U. S. Government securities 6,850 1,700 2,550 2,285 1,700 5,4oo 1,210 505 1,100 1,000 3,^00 Total collateral 35,947 2,073 8,520 2,125 3,050 2,850 2,040 6,500 1,474 617 1,383 1,180 4,135 1/ After deducting $ 89 million participations ofo ther Federal Reserve Banks, * Less than $500,000. 2/ After deducting $105 million participations ofo ther Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis