H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Ftctors Afftctii| link Restrvts ind .f^ras? C»iiitt«i Stitfwtut of F.I. Itiks For immediate release H.4.1 September 3, 19^4 The average of daily figures of total member bank reserves held during the week ended September 2 decreased $135 million to $20,482 million. Estimated currency and coin of member banks decreased $24 million and their reserve bal ances at the Federal Reserve Banks decreased $111 million. Estimated required reserves decreased $17 million; and estimated excess reserves decreased $118 mil lion to $359 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $44 million, compared with the revised figure of $148 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $268 million in Federal Reserve float and $104 million in U, S. Government securities held under repurchase agreements. The principal offsetting changes were an increase of $215 million in U. S. Gov ernment securities bought outright and a decrease of $60 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $169 million. As of Wednesday, September 2, holdings of U. S. Government securities bought outright were $187 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $51 million higher, and member bank borrowings were $39 million lower. Outright holdings of notes and bonds increased $60 million and $127 million, respectively. Averages of daily figures Member bank reserves, Week ended 'Change from week ended Wednesday, Reserve Bank credit, Sept. 2, Aug. "267 Sept. Sept. 2, and related items 1964 1964 1963 1964 (in millions of dollars)" Reserve Bank credit: U. S. Government securities- Bought outright--System account 35, l1* +215 +2,880 35,194 Held under repurchase agreements 18 -104 - 156 123 Acceptances-- Bought outright 37 - 1 1 38 Held under repurchase agreements 3 + 3 3 24 Discounts and advances-- Member bank borrowings 315 - l4 10 99 Other - 30 Float 1,451 -268 + 103 1,266 Total Reserve Bank credit 36,968 -169 +2,788 36,744 Gold stock 15,462 - 120 15,463 Treasury currency outstanding 5,573 + 10 - 14 5,574 58,002 -160 +2,653 57,781 Currency in circulation 38,006 + 8 +2,117 38,ic6 Treasury cash holdings 425 - k + 34 434 Treasury deposits with F. R. Banks 858 - 60 + 52 731 Foreign deposits with F. R. Banks 164 + 19 6 177 Other deposits with F. R. Banks 191 + 3 l 183 Other F. R. accounts (net) 1,199 - 15 - 15 1,171 TTf9 •457802 •55^3 +2,182 Member bank reserves: With Federal Reserve Banks 17,159 -111 + 470 16,979 Currency and coin (estimated) 3,323 - 2k + 328 3,487 Total reserves held 20,482 -135 + 798 20,466 Required reserves (estimated) 20,123 - 17 + 919 20,342 Excess reserves (estimated) 359 -118 - 121 124 On September 2, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,169 million, a decrease of $72 million for the week and an increase of $274 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) CCNFOUIiATfil) STATEtA & jb^BlttTION CP THfe TWELVE FEDERAL BffijJSftfc BANKS (In millichs of &6il&rs) Change since Sept.. 2, Aug. 25," Sept- 4, "" l§6h 1964 1963 A S S E TS Gold certificate account 13,725 + 18 - 246 Redemption fund for F. R. notes 1,^63 - 2 4 143 Total gold certificate reserves I57IBH + 16 - 103 186 Cash (557) 156 - 3 Discounts and advances 99 - 39 113 Acceptances: Bought outright 38 -- 4* 1 Held under repurchase agreements 2k + 24 4- 24 U. S. Government securities: Bought outright-- Bills 5,H2 -- + 1,933 Certificates -- -10,732 Notes 25,037 + 60 +11,027 Bonds 5,045 +127 + 607 Total bought outright 35,19^ +187 + 2,835 Held under repurchase agreements 123 + 51 - 212 Total U. S. Government securities 35,317 +^38" + 2,623 Total loans and securities 35,478 +223 + 2,535 + 388 Cash items in process of collection (1,278) 5,379 + 55 Bank premises 102 Other assets 481 + 66 + 174 TOTAL ASSETS (1,835) 56,784 +357 + 2,8cB" L I A B I L I T I ES Federal Reserve notes (557) 32,847 +100 + 1,922 Deposits: Member hank reserves 16,979 +489 + 295 U. S. Treasurer--general account 731 -345 - 113 Foreign 177 - 9 + 23 Other (2) 183 - 11 - 10 Total deposits (2) 18,070 +124 + 189 Deferred availability cash items (1,276) 4,113 +113 + 571 Other liabilities and accrued dividends 103 + 1 + 18 TOTAL LIABILITIES (1,835) 55,133 +338 + 2,700 C A P I T AL A C C O U N TS Capital paid in 517 + 1 -f 31 Surplus 990 — + 56 Other capital accounts 144 + 18 + 21 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,835) 56,784 +357 + 2,8C8 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$ -•!# 1#6/° Contingent liability on acceptances purchased for foreign corre spondents 132 - 2 + 39 * 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, SEPTEMBER 2, 1964 (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 93 33 726 -126 16 days to 90 days 6 29 9,298 +305 91 days to 1 year ** -- 10,098 -128 Over 1 year to 5 years -- -- 12,861 + 91 Over 5 years to 10 years -- -- 2,0^9 +79 Over 10 years -^ -- 285 + 11 Total 99 £2 35.317 -238 ** 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 SEPTEMBER 2, 1964 1 San Total ]B oston 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 Gold certificate account 13,725 ! ike 3,361 730 1,067 934 74o 2,439 552 270 624 443 1,819 Redemption fund for F R. notes 1^63 ! 82 343 81 127 123 89 264 59 27 55 47 166 # Total gold certificate reserves 15,188 828 3,704 811 1,194 1,057 829 2,703 611 297 679 490 1,985 F. R. notes of other Banks 557 kd 175 44 22 45 50 35 14 43 16 22 43 Other cash 156 9 43 4 14 15 15 16 6 5 6 3 20 Discounts and advances 99 - 10 ^ 3 14 27 6 8 11 6 Acceptances: Bought outright 38 -- 38 -- — — — — — — — Held under repurchase agreements 2k 24 -- UU S.. Government securities: "Bought outright- Bills 5A12 261 1,276 269 427 348. 279 867 194 98 203 207 683 Certificates .- _- — -- -- -_ — -- -- -- __ -- — Notes 25,037 1 1,278 6,250 1,318 2,089 1,705 1,369 4,247 952 478 994 1,C13 3,344 Bonds 5,045 258 1,259 266 421 343 276 856 192 96 200 2C4 674 Total 35,19^ 1 1,797 8,785 1,853 2,937 2,396 1,924 5,970 1,338 672 1,397 1,424 4,701 Held under repurchase agreements 123 1 123 -- -- -- -- -- __ __ -- -- -- Total U. S. Government securities 35,317 1,797 8,908 1,853 2,937 2,396 1,924 5,970 1,338 672 1,397 1,424 4,701 Total loans and securities 35A78 1,802 8,980 1,854 2,940 2,399 1,938 5,997 1,343 678 1,405 1,435 4,707 Cash items in process of collection 6,657 476 1,273 4C7 477 502 524 1,087 300 203 39Q 338 671 Bank premises | 102 3 8 3 6 5 18 22 6 4 6 11 10 Other assets k&l 24 122 26 42 30 27 73 18 10 22 23 64 TOTAL ASSETS 158,619 3A9C 14,305 3,149 4,695 4,053 3,401 9,933 2,298 1,24c 2,533 2,322 7,500 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 5.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 2, 1965 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta iC hicago 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 33,5o5 1,951 7,935 1,932 2,830 2,767 1,922 6,059 1,338 582 1,301 1,026 3,772 Deposits: Member hank reserves 16,979 672 5,653 727 1,225 750 900 2,588 621 5c8 828 875 2,752 U.S. Treasurer-general ac: count 731 27 196 36 37 38 55 90 37 39 56 39 91 Foreign 177 8 1/59 9 15 8 9 23 5 5 7 9 21 Other 185 118 * l 6 1 2 l 3 1 52 Total deposits 18,072 707 5,016 772 1,278 792 965 2,703 665 55T" 885 925~ 2,916" Deferred availability cash items 5,389 559 892 358 531 5c5 513 926 235 168 275 577 272 Other liabilities and accnl ed dividends 103 5 28 5 8 6 6 17 5 2 5 15 5 TOTAL LIABILITIES 56,968 3,112 13,870 3,057 5,557 3,969 3,306 9,695 2,25l 1,203 2,56l 2,228 7,279 CAPITAL ACCOUNTS Capital paid in 517 25 136 29 56 26 30 75 18 12 23 30 69 Surplus 990 57 265 55 90 59 56 150 3^ 23 53 57 132 Other capital accounts 155 7 35 8 12 9 9 25 5 2 6 7 20 TOTAL LIABILITIES AND CAFITAL ACCOUNTS 58,619 3,190 15,305 3,159 5,695 5,053 3,5oi 9,933 2,298 1,250 2,533 2,322 7,500 Contingent liability cn ace: eptances purchased for forejL gn correspondents 132 6 2/35 7 12 7 7 19 5 3 6 8 18 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 35,052 2,028 8,566 1,996 3,015 2,859 2,013 6,281 1,502 608 1,357 1,090 3,958 Collateral for F. R. notes: Gold certificate account 6,607 523 1,670 525 500 580 350 1,100 270 112 272 180 735 Eligible paper 15 l 5 58 U. S. Government securities 29,585 1,650 6,950 1,700 2,550 2,315 1,700 5,5co 1,210 510 1,100 1,000 3,5oo Total collateral 36,106 2,073 8,620 2,126 3,050 2,895 2,050 6,500 1,585 622 1,380 1,180 5,135 1/ After deducting $118 million participations of other Federal Reserve Banks, * Less than $500,0C0. 2/ After deducting $ 97 million participations of other Federal Reserve Banks• Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis