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. feittks For immediate release H..4.1 August 13; 1964 The average of daily figures of total member bank reserves held during the week ended August 12 increased a net of $9 million to $20,56^- million- Esti mated currency and coin of member banks decreased $95 million and their reserve balances at the Federal Reserve Banks increased $10^ million. Estimated required reserves decreased $109 million; and estimated excess reserves increased $118 mil lion to §h6k million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $88 million, compared vith the revised figure of $86 mil lion the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $117 million in U. S. Government securities bought outright and $l68 million held under repurchase agreements, $llb million in member bank borrowings, and $9^ million in Federal Reserve float. The principal offsetting changes were increases of $229 million in currency in circulation and $195 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit in creased $501 million. As of Wednesday, August 12, holdings of U. S. Government securities bought outright were $130 million lower than a week earlier, U. S. Government securities held under repurchase agreements vere $119 million lower, and member bank borrowings were $572 million lower. Outright holdings of bills decreased $230 million; notes and bonds increased $5 million and $95 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Aug. 12, Aug. 5, Aug. 14, Aug. 12 y _ and related items 19.64 , 1Q64 IQ6^ 1 Q64 (H1 millions oJ? dollars) Reserve Bank credit: U- S Government securities-- Bought outright--System account 35,097 +117 +2,844 34,921 Held under repurchase agreements 30C +168 + 267 88 Acceptances- Bought outright in + 1 - - 40 Held under repurchase agreements 25 + 7 25 20 Discounts and advances-- Member bank borrowings 376 +116 , 24 163 Other -- - 2 - 30 _- Float 1,554 + 94 + 187 1,489 Total Reserve Bank credit 37,393 +501 +3,318 36,721 Gold stock 15,462 -- - 156 15,463 Treasury currency outstanding 5,554 - 16 - 27 5,554 58,1+09 +484 +3,135 57,738 Currency in circulation 38,ll4 +229 +2,235 38,186 Treasury cash holdings 4l7 - 23 + 35 411 Treasury deposits with F. R. Banks 964 +195 + 94 1,017 Foreign deposits with F. R. Banks l4i + 4 26 138 Other deposits with F.R. Banks 193 - 6 + 5 203 Other F.R. accounts (net) 1,113 - 19 + 75 1,030 kQ, 942 +380 +2,417 40,985 Member bank reserves: With Federal Reserve Banks 17 Ml +io4 + 717 16,753 Currency and coin (estimated) 3,097 - 95 + 138 i 3,538 Total reserves held 20,564 + 9 + 855 20,291 Required reserves (estimated) 20,100 -109 + 864 20,152 Excess reserves (estimated) 464 +118 9 1 139 On August 12, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,266 million, an increase of $^•5 million for the week and an increase of $4c6 million from the comparable Digitized for FRASER date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS \ Xll 1U1XX1UUD Ui UUJLXCU. Change since Aug. 12, Aug. 5, Aug. 14, 1964 1964 1963 A S S E TS Gold certificate account 13,729 - 1 - 256 Redemption fund for P. R. notes 1,451 - 3 + 137 Total gold certificate reserves 15,180 - 4 - 119 2 . Cash (k#6 2) 156 + 16 - 183 Discounts and advances 163 -572 + 4 Acceptances: Bought outright 40 - l + 1 Held under repurchase agreements 20 - 5 20 U. S. Government securities: Bought outright-- Bills 5,168 -230 + 2,060 Certificates -- -- -14,464 Notes 24,917 + 5 +15,030 •Bends 4,836 + 95 + 176 Total bought outright 34,921 -130 + 2,802 Held under repurchase agreements 88 -119 + 79 Total U. S. Government securities 35,009 -249 + "2,881 Total loans and securities 35,232 -827 + 2,906 Cash items in process of collection (l,l82) 6,002 +672 - 146 Bank premises 102 + 1 -- Other assets 558 + 28 + 85 TOTAL ASSETS (l,6hk) 577230 •^14" + 2,543 L I A B I L I T I ES Federal Reserve notes (W>2) 32,9l6 +152 + 2,132 Deposits: Member bank reserves 16,753 -831 + 554 U. S. Treasurer--general account 1,017 +189 - 35 Foreign 138 + 9 - 14 Other 203 + 17 + 10 Total deposits 18,111 -616 + 515 Deferred availability cash items (l,l82) ^,513 +420 _ 229 Other liabilities and accrued dividends 104 -- + 27 •~w TOTAL LIABILITIES (1,6^0 55,644 + "27W5 C A P I T AL A C C O U N TS Capital paid in 516 -- + 32 Surplus 990 -- + 56 Other capital accounts 80 - 70 + 10 TOTAL LIABILITIES AHD CAPITAL ACCOUNTS (l6kh) 57,230 -n4 + 2,543 } 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) 29.5$ +-3i 1.9$ Contingent liability on acceptances purchased for foreign correspondents 136 - 1 + h9 ** Figures in parentheses are the eliminations madei n the consolidating proce; ss; see comparable figures on combined basis on the followingp ages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 12, 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 Diis counts and Changes advances Acceptances Holdings during week Within 15 days 156 33 2,760 -163 l6 days to 90 days 7 27 2,624 -109 91 days to 1 year ** ~- 12,729 - 77 Over 1 year to 5 years -- „ 1^,736 + 45 Over 5 years to 10 years ... -_ 1,906 + 45 Over 10 years -- «- 254 + 10 Total 163 60 35,009 -249 ** Less than $500,000.' Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) JTATLMLNT OF COKDITIOK OF EACH FEDERAL RESERVE BAKK OK AUGUST 12, 1964 San Total 1 Boston New Phila Cleve Rich Atlanta Chicago St. Minne Kansas Dallas Fran York delphia land mond Louis apolis City cisco (in millions of dollars) A S S E TS j Gold certificate account 13,729 686 3,338 702 1,106 885 721 2,360 539 288 654 511 1,939 Redemption fund for F. R. notes 1,451 i 82 340 80 126 117 85 265 59 27 55 48 167 Total gold certificate reserves 15,180 f68~ 3,678 782 1,232 1,002 806 2,625 598 315 709 559 2,106 F. R- notes of other Banks 462 33 159 32 17 39 42 28 10 33 14 19 36 Other cash 156 10 50 3 15 15 16 15 5 4 4 4 15 Discounts and advances 163 3 Q 1 2 5 38 30 \ 6 7 10 51 Acceptances: Bought outright 4o -- 4o — -- — -- -- -- -- -- -- -- Held under repurchase agreements 20 j 20 -- U. S. Government securities: Bought outright-- Bills 5,168 276 1,249 282 427 362 281 882 201 102 205 2C6 695 Certificates Notes 24,917 1,331 6,021 1,358 2,06l 1,743 1,359 4,254 967 491 989 992 3,351 Bonds 1 4,836 258 1,169 264 4C0 338 264 826 188 95 192 192 650 Total 34,921 "1,865 8,439 ' 1,904" 2,888 2,443 1,904 "5,962 1,356" 688 " 1,386" l",390 %,696 Held under repurchase agreements 88 -- 88 __ -- -- -- -- -- -- -- -- -- Total U. S. Government securities 35,009 1,865 8,527 1,904 2,888 2,443 1,904 5,962 1,356 688 1,386 1,390 4,696 Total loans and securities 135,232 1,868 8,596 1,905 2,890 2,448 1,942 5,992 1,357 694 1,393 l,4oo 4,747 Cash items in process of collection i 7,184 532 1,307 443 559 523 613 1,132 349 226 429 346 725 Eank premises ! 102 3 8 3 6 5 18 22 6 4 6 11 10 Other assets ! 5_5JL 28 139 3p_ 49 35 30 21 12 25 25 7^ 90 TOTAL ASSETS 58,874 3,242 13,937 3,198 4,768 4,067 3,467 2,346 1,288 2,580 2,364 7,713 9,904 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(c) STATEMENT CF CCNIITICH CF EACH FEDERAL RESERVE BASK ON AUGUST 12, 1964 New 1 Phila Cleve Rich St. j Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 33,378 1,957 7,941 1,929 2,830 2,750 1,920 6,043 1,342 586 1,300 1,021 3,759 Deposits: Member "bank, reserves 16,753 4,4i2 719 1,204 737 897 2,523 599 419 819 886 2,895 U.S. Treasurer-general a<2 count 1,017 67 171 69 74 56 54 117 57 53 96 70 133 Foreign 138 6 1/43 7 12 7 7 18 k 3 6 7 18 Other 203 2 132 * * 4 1 3 * * 3 2 56 Total deposits 18., ill 718 4,758 795 1,290 804 959 2,661 66C 475 924 965 3,102 Deferred -availability cash items 5,695 487 793 381 497 428 49-1 955 2&5 188 281 282 627 Other liabilities and accnj ed dividends 104 5 26 5 9 6 6 18 4 3 5 4 13 TOTAL LIABILITIES ,57,288 3,167 13,518 3,no 4,626 3,988 3,376 9,677 2,291 1,252 2,510 2,272 7,501 CAPITAL ACCOUNTS Capital paid in 5l6 24 136 29 46 26 30 73 18 12 23 30 69 Surplus 990 264 55 90 49 56 i4o 34 23 43 57 132 Other capital accounts 1 80 4 19 4 6 4 5 14 1 4 5 11 TCTAL LIABILITIES AND 2 CAPITAL ACCOUNTS 158,874 3,242 13,937 3,196 4,768 4,067 3,467 9,904 2,346 -_.ik IL 2,580 2,364 7,713 Contingent liability on acs eptances purchased for fore-ign c orre spcndent s 136 ! 6 i/36 8 12 7 8 19 5 3 6 8 18 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 8,424" 1,994 27998 ~17"83c^ 2,016 57275" 1,506" "6T2" 1,339 1,091 3,940 Collateral for F. R. notes: Gold certificate account 1,670 425 500 62c 340 1,100 270 112 277 16c 735 Eligible paper 1 1 6 U. S. Government securities 6,850 1,700 2,550 2,2^-5 l, 70c 5,400 1,210 510 1,100 1,CCC_ 3,40C Total collateral 8,520 2,126 3,050 2,865 2,o4o 6,500 1,481 622 1,383 1,180 4,135 1/ After deducting $ 95 million participaticns cf ether Federal Reserve Banks. * Less than $500,CCC. 2/ After deducting $100 million participations of other Federal Reserve Eanks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis