H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release August 6, 1964 The average of daily figures of total member bank reserves held during the week ended August 5 increased a net of $216 million to $20,551 million. Esti mated currency and coin of member banks decreased $172 million and their reserve balances at the Federal Reserve Banks increased $388 million. Estimated required reserves increased $224 million; and estimated excess reserves decreased $8 million to $369 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $109 million, compared with the revised figure of $198 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $623 million in U. S. Government securities bought outright and $8l million in member bank borrowings. The principal offsetting changes were a decrease of $166 million in Federal Reserve float, and increases of $71 million in currency in circulation and $58 million in Treasury deposits \rith Federal Reserve Banks. Total Reserve Bank credit increased $511 million. As of Wednesday, August 5, holdings of U. S. Government securities bought outright were $291 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $155 million higher, and member bank borrowings were fyhkf million higher. Outright holdings of bills and bonds increased $26l million and $30 million, respectively. Averages of daily figures Member bank reserves, Ueek ended Change from veek ended Wednesday, Reserve Bank credit, Aug. 5, July 29, Aug. f, Aug. 5, and related items 1964 1964 _„ 1963 1964 "Tin millions of dollars} Reserve Bank credit: U. S. Government securities— Bought outright--System account 3M80 +623 +2,607 35,051 Held under repurchase agreements 132 - 29 - 62 207,- Acceptances- Bought outright 4o — — 1 41 Held under repurchase agreements 18 -•- + 18 25 Discounts and advances-- Member bank borrowings 260 + 81 - 138 735 Other 2 + 2 3 __ Float l,h60 -166 + 172 1,237 Total Reserve Eank credit 36,892 +511 +2~718 37,296 Gold stock 15,462 - 1 - 171 15,463 Treasury currency outstanding 5,570 + 3 - 17 5,570 57,925 +515 +2,531 58,329 Currency in circulation 37,885 + 71 +2,182 38,031 Treasury cash holdings 44o -- + 38 442 Treasury deposits with F. R* Banks 769 + 58 + 27 828 Foreign deposits with F.R. Banks 137 + 4 - 33 129 Other deposits with p. R. Banks 199 + 9 -• 51 186 Other F.R. accounts (net) 1,132 - 16 + 61 1,129 40,562 +126 +2,224 40,745 Member bank reserves: With Federal Reserve Banks 17,363 +388 + 308 17,584 Currency and coin (estimated) 3,188 -172 + 330 3,281 Total reserves held 26. ?;i +216 + 638 20,865 Required reserves (estimated) 20,182 +224 + 751 20,249 Excess reserves (estimated) 369 - 8 - 113 616 On August 5, 196^, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,221 million, an increase of $92 million for the week and an increase of $368 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) CONSOLIDATE]? STATEMENT OF CONEITICN OF THE TWELVE FErERAL RESERVE BANKS (in millions of dollars) Change since Aug. 5, July 29, Aug. 7, 1964 1964 1963 A S S E TS Gold certificate account 13,730 - l - 301 Redemption fund for F. R. notes 1,454 - 3 + 149 Total gold certificate reserves 15,184 - k - 152 Cash (475) 140 - 6 - 209 Discounts and advances 735 + 447 • 324 Acceptances: Bought outright 4l -- + 2 Held under repurchase agreements 25 5 + 25 U. S. Government securities: Bcught outright-- Bills 5,398 + 26l + 2,039 Certificates -- -14,464 Notes 24,912 __ +15,042 Bonds 4,741 + 30 + 118 Total bought outright 35,051 + 291 + 2,735 Held under repurchase agreements 207 + 155 + 154 Total U. S. Government securities 35,258 +_ 44g j-2,889 Total loans and securities 36,059 + 896 + 2,592 Cash items in process of collection (1,120) 5,330 + 119 + 408 Bank premises 101 - 2 1 Other assets 530 51 + 76 •*- TOTAL ASSETS (1,595) 57,344 +1, 056 + 2,714" L I A B I L I T I ES Federal Reserve notes (475) 32,764 + 153 + 2,048 Deposits: Member bank reserves 17,584 + 561 + 408 U. S. Treasurer--general account 828 + 154 - 113 Foreign 129 - 11 69 Other 186 - 10 1 Total deposits 18,727 + 694 + 225 Deferred availability cash items (1,120) 4,093 + ^177 + 302 Other liabilities and accrued dividends 104 + 9 + 28 TOTAL LIABILITIES (1,595) 55,688 +1, 033 + 2,6Cf C A P I T AL A C C O U N TS Capital paid in 516 -- + 32 Surplus 990 " + 56 Other capital accounts 150 + 23 + 23 TOTAL LIABILITIES AND CAPITAL ACCOUNTS( 1,595) 57,344 +17 056" + 2,714 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) 29-2$ -5$ 1*7$ Contingent liability en acceptances purchased for foreign correspondents 137 " + 52 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. ! MATURITY DISTRIBUTION OF LCANS AND SECURITIES, AUGUST 5, 196U (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 729 35 2,923 +2,116 16 days to 90 days 6 31 2,733 -1,771 91 days to 1 year *-* • - 12,8c6 + 71 Over 1 year to 5 yearss -- 14,691 -- Over 5 years to 10 years _- 1,861 + 25 Over 10 years - — 244 + 5 •»-» Total 735 SB- 35,258 + 446 ** Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 5, 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 |1 3,730 755 3,257 797 1,147 960 670 2,243 580 275 583 512 1,951 Redemption fund for P. R. notes • iMh 82 341 80 127 118 85 266 59 26 55 48 167 Total gold certificate reserves 15,184 837 3,598 877 1,274 1,078 755 2,509 639 301 638 560 2,118 F. R. notes of other Banks 475 35 151 35 21 38 ^7 25 10 36 12 22 43 Other cash Iko 10 44 3 8 12 15 13 6 4 5 4 16 Discounts and advances 735 20 63 4 38 65 50 144 66 9 83 18 175 Acceptances: Bought outright kl -- 4l -- __ -- — — -- -- — -- -- 1 Held under repurchase agreements 1 25 25 -- U. S- Government securities: Bought outright- Bills 1 5,398 1 281 1,343 287 438 373 296 929 207 103 217 209 715 Certificates I - - »«. _ _ -._ -.- _ _ - - Notes 24,912 ! 1,296 6,197 1,326 2,022 1,718 1,368 4,287 954 475 1,001 967 3,301 Bonds 4,74l ! 246 1,179 253 385 327 261 816 181 91 190 184 628 Total 35,051 ! 1,823"" 8,719 1,866 2,845 2,4l8 1,925 6,032 1,342 669 1,408 1,360 4,644 Held under repurchase agreements 207 . _207 I Total U. S- Government securities 35.258 .1...823.... . 8.926 1.866 2.84-5 2.418 1.925 6,032 1,342 669 1.406 1.360 4.644 Total loans and securities |36,059 1,843 9,055 1,870 2,883 2,483 1,975 6,176 l,4o8 678 1,491 1,378 4,819 Cash items im process of collection 1 6,450 504 1,209 4i4 471 483 533 996 293 203 385 312 647 Bank premises 101 1 3 8 0 6 5 18 22 6 4 6 11 9 j Other assets 530 27 135 2Q 44 32 30 85 20 10 24 24 70 j TOTAL ASSETS 158,939 3,259 14,200 3,231 4,707 ^,131 3,373 9,826 2,382 1,236 2,561 2,311 7,722 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.l(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON" AUGUST^, 1964 San ~ j New Phila Cleve Rich St. iiixme- Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dol]La rs) L I A B I L I T I ES Federal Reserve notes 33,239 1,951 7,939 1,925 2,815 2,737 1,909 6,008 1,337 584 1,295 1,014 3,725 Deposits: Member "bank reserves 17,58^ 733 4,702 772 1,244 811 882 2,620 659 403 827 915 3,016 U.S. Treasurer-general a<^ count 828 129 55 54 84 54 95 27 4l 98 28 127 Foreign 129 *« 1/3* 7 12 7 7 18 4 3 6 8 17 Other 186 * 116 1 1 5 1 2 1 1 3 1 54 Total deposits 13,727 775 4,981 835 1,311 907 944 2,735 691 448 93^ 952 3,214 Deferred availability cash items 5,213 449 815 374 425 396 419 827 293 164 256 247 548 Other liabilities and accna ed dividends 10^ 6 27 5 8 7 6 17 4 2 4 4 14 TOTAL LIABILITIES ! 57,283 3,181 13,762 3,139 ^,559 4,047 3,278 9,587 "2,325 1,198 2,489 2,217 7,501 CAPITAL ACCOUNTS Capital paid in 516 24 136 29 46 26 30 73 18 12 23 30 69 Surplus 990 kl 264 55 90 k9 56 140 34 23 ^3 57 132 Other capital accounts I 150 7 38 8 12 9 9 26 5 3 6 7 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 58,939 3,259 14,200 3,231 ^,707 ^,131 3,373 9,826 2,382 _L?.23_6_ ?, "61 . 2,311 7,722 Contingent liability on acc eptances purchased for forei gn corre spondent s ! 137 7 2/36 8 12 7 8 19 5 3 6 8 18 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 2,021 8,4io 1,999 2,998 2,824 1,999 6,233 l,4o8 613 1,337 1,093 3,909 Collateral for F. R. notes: Gold certificate account 423 1,670 442255 500 620 340 1,100 260 112 277 180 735 Eligible paper 4 00 83 U. S. Government securities 1,650 6.850 i,7CQ 2,550 2,245 1,700 5,^oo 1,210 510 1,100 1,000 3,4co Total collateral 2,073 8,520 2,129 3,050 2,865 2,o4o 6,500 1,536 622 1,460 1,180 4,135 1/ After deducting $ 95 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $L01 million participations of other Fe&oral Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis