H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.-oOjGOVf.-. F E D E R AL R E S E R VE Factors Affecting Bank Itservts fid ^fOT??: Condition Statement of F.I. links For immediate release H.4.1 August 27, 1964 The average of daily figures of total member bank reserves held during the week ended August 26 decreased a net of $5 million to $20,577 million. Esti mated currency .and coin of member banks increased $39 million and their reserve balances at the Federal Reserve Banks decreased $44 million. Estimated required reserves decreased $17 million; and estimated excess reserves increased $12 mil lion to $1+03 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $74 million, compared with the revised figure of $113 mil lion the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $305 million in Federal Reserve float and an increase of $112 million in "other" F. R. accounts (net). The principal off setting changes were increases of $74 million in U. S. Government securities bought outright and $122 million held under repurchase agreements, and $51 million in member bank borrowings, and a decrease of $115 million in currency in circulation. Total Reserve Bank credit decreased $60 million. As of Wednesday, August 26, holdings of U. S. Government securities bought outright were $268 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $72 million higher, and member bank borrowings were $42 million lower* Outright holdings of bills, notes, and bonds increased $126 million, $60 million, and $82 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Aug. 26, Aug- 19, Aug 28, Aug. 26, and related items 1964 1964 1963 1964 (B1 millions oi1* dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 3^,929 + 74 +2,855 35,007 Held under repurchase agreements 122 +122 + 54 72 Acceptances--bought outright 38 - 2 + 2 38 Discounts and advances-- Member bank borrowings 329 + 51 + 55 138 Other -- - 1 - 31 — Float 1,719 -305 + 301 1 1,324 Total Reserve Bank credit 37,137 - 60 +3,236 36,579 Gold stock 15,462 + 1 - 121 15,463 Treasury currency outstanding 5,563 + 5 - 23 5,567 58,162 - 54 +3,093 57,609 Currency in circulation 37,998 -115 +2,270 38,002 Treasury cash holdings 429 + 17 + 29 444 Treasury deposits with F. R. Banks 918 - 14 -- 1,076 Foreign deposits with F. R. Banks 145 + l - 17 186 Other deposits with F. R. Eanks 188 - 11 + 7 194 Other F. R. accounts (net) l,2l4 +112 5 1,217 40,892 - 10 +2,284 41,119 Member bank reserves: With Federal Reserve Banks 17,270 - 44 + 809 16,490 Currency and coin (estimated) 3,307 + 39 + 214 3,665 Total reserves held 20,577 - 5 +1,023 20,155 Required reserves (estimated) 20,174 - 17 +1,028 20,180 Excess reserves (estimated) 403 + 12 5 - 25 On August 26, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,2^1 million, a decrease of $2^ million for the week and an increase of $388 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 TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Aug. 26, Aug. 19, Aug. 28, 1964 1964 1963 A S S E TS Gold certificate account 13,707 - 15 267 Redemption fund for F. R. notes 1,^65 + 11 + 148 Total gold certificate reserves 15,172 - 4" - 119 Cash (555) 159 + 3 - 200 Discounts and advances 138 - 42 - 200 Acceptances—bought outright 38 -- + 1 U. S. Government securities: Bought outright-- Bills 5,112 +126 + 2,109 Certificates -- — -10,732 Notes 24,977 + 60 +10,967 Bonds 4,918 + 82 + 480 Total "bought outright 35,007 +268 + 2,824 .. Held under repurchase agreements 72 + 72 + 18 Total U. S. Government securities 35,079 +340 + 2,842 Total loans and securities 35,255 +298 + 2,643 Cash items in process of collection (1,26*0 5,324 -839 + 544 Bank premises 102 -- -- Other assets 415 + 20 + 127 TOTAL ASSETS (1,819) 56,427 -522 + _2,995 L I A B I L I T I ES Federal Reserve notes "~ (555) 32,7^7 - 90 2,088 Deposits: Member bank reserves 16,490 -122 + 318 U. S. Treasurer—general account 1,076 + 51 + 61 Foreign 186 + 46 + 39 Other 194 - 1 + 6 Total deposits + 424 17,946 - 26 Deferred availability cash items (1,264) 4,000 -435 + 352 Other liabilities and accrued dividends 102 + 6 + 24 TOTAL LIABILITIES (1,819) 5h~/f95 ^ + 2,888 C A P I T AL A C C O U N TS Capital paid in *" 5l6 + 30 Surplus 990 + 56 Other capital accounts 126 + 23 + 21 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,8l9) 56,427 -522 + 2,995 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) 29-6$ -- - 1.8$ Contingent liability on acceptances purchased for foreign correspondents 13^ - 1 + 46 * 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 AMD SECURITIES, AUGUST 26, 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 duringvVeefc Within 15 days 133 10 852 -195 16 days to 90 days 5 28 8,993 +332 91 days to 1 year #* 10,226 + 6l Over 1 year to 5 years 12,770 + 6k Over 5 years to 10 year•ss 1,970 + 6k Over 10 years 268 + Ik Total 135 38 35,079 +3^0 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 AUGUST 26, 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 j 13>707 683 3; 611 711 1 019 950 719 2,223 486 281 588 502 1,934 Redemption fund for F. R. notes 1^65 82 343 79 128 124 90 264 59 27 55 48 166 Total gold certificate reserves 15A72 765 3,954 790 1,147 1,074 809 2,487 545 308 643 550 2,100 F- R- notes of other Banks 555 48 175 42 22 47 51 33 14 39 16 24 44 Other cash 159 10 45 4 14 16 17 17 6 5 6 4 15 Discounts and advances 138 9 9 1 1 6 27 56 2 3 11 10 3 Acceptances: ^Bought outright 38 __ 38 -- .- --. -.- -- -- _- -.-. -tt. S. Government securities: Bought outright— Bills 5,112 265 1,242 275 429 350 278 878 2C0 100 2C6 198 691 Certificates Notes 24,977 1,294 6,066 1,345 2,097 1,712 1,360 4,287 978 490 1,003 969 3,376 Bonds if, Q18 255 1,194 265 413 337 268 844 193 96 197 191 665 Total 35,007 1,814 8,502 1,885 2,939 2,399 1,906 6,009 1,371 686 l,4o6 1,358 4,732 Held under repurchase agreements 72 i 72 — __ -- __ __ -- -- -- -- -- Total U. S. Government securities |35JLQZ2_ Li*8l&-._8*5Z*L_ 1,885 ._2*222__ 2 322_ _J^9jL. _6,.oc_9__ „J^32L_ 686 l,4c6 1,358 4,732 X Total loans and securities 135,255 1 1,823 8,621 1,886 2,940 2,405 1,933 6,065 1,373 689 1,417 1,368 4,735 1 Cash items in process of collection 1 6,588 467 1,342 383 455 479 514 l,c46 3C9 2C6 4c6 343 638 Bank premises 1 102 3 8 3 6 5 18 22 6 4 6 11 10 Other assets 415 1 20 104 22 37 26 _ .. 23 65 16 8 19 19 56 TOTAL ASSETS [58,246 3,136 14,249 3,130 4,621 4,052 3,365 9,735 2,269 1,259 2,513 2,319 7,598 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.l(c) STATEMENT' OF CONDITION GF EACH FEDERAL RESERVE BAM ON AUGUST 26, 1964 1 San New Phila Cleve-I Rich St. Minne Kansas Total 1B oston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco 1 (in millions of dollars) L I A B I L I T I ES Federal Reserve notes 33,302 | 1,949 7,915 1,930 2,826 2,752 1,911 6,044 1,336 582 1,295 1,020 3,742 Deposits: Member hank reserves 16,490 616 4,555 685 1,134 733 867 2,430 578 412 787 862 2,831 U.S. Treasurer-general aci count 1,076 55 227 75 82 66 54 106 50 45 76 53 187 Foreign 186 9 1/4J 11 17 10 11 27 6 4 8 11 25 Other 19^ 1 126 13 13 1 # 3 1 54 tfotal deposits 17,9^6 681 4,955 771 1,234 812 933 2,566 635 461 674 " 927 3,097 "Deferred availahility cash items 5,264 424 923 333 4c6 399 422 873 238 176 269 274 527 Other liabilities and accnl ed dividends 102 5 26 5 9 6 5 18 4 3 4 4 13 TOTAL LIABILITIES 56,614 3,059 13,819 3,039 4,475 3,969 3,271 9,501 2,213" 1,222 2,442 2,225 7,379 CAPITAL ACCOUNTS Capital paid in 516 I 24 136 29 46 26 30 73 18 12 23 30 69 Surplus , 990 47 264 55 90 49 56 140 34 23 43 57 132 Other capital accounts 126 6 30 7 10 8 8 21_ _4_ 2_ 5_ 7_ 18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 58,246 Uxiai. 14,249 _3^13P_ 4,621 4,052 _a,^65_ __£LZ3J5__ 2,269 1,259 2,513 2,319 7,596 Contingent liability on ace:e ptances purchased for foreL]g n c orre spondent s 134 1 6_ 2/36 L_ 12 I_ JL_ 19 5_ 3_ 6__ 8_ 18 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 8,44l 1,986 3,011 2,837 2,016 6,276 1,406 609 1,344 1,095 3,951 Collateral for F. R. notes: Gold certificate account 1,670 425 500 580 340 1,100 270 112 227722 180 735 Eligible paper 2 11 U. S. Government securities 6,950 1,700 2,550 2,295 1,700 5,4co 1,210 510 1,100 1,000 3,400 Total collateral 2,G73 8,620 2,126 3,050 2,875 2,o4o 6,500 1,482 622 1,383 1,180 4,135 1/ After deducting $139 million participations ofo ther Federal Reserve Banks, * Less than $500,000. 2/ After deducting $ 98 million participations ofo ther Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis