H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Afftcting I nk Rtstrvts and Condition Stattniiit if F.I. Inks For immediate release September 24, 1964 The average of daily figures of total member bank reserves held during the week ended September 23 increased a net of $515 million to $21,246 million. Estimated currency and coin of member banks decreased $70 million and their reserve balances at the Federal Reserve Banks increased $585 million. Estimated required reserves increased $392 million; and estimated excess reserves increased $123 million to $484 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $75 million, compared with the revised figure of $136 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $6l9 million in Federal Reserve float and $184 million in member bank borrowings, and decreases of $233 million in currency in circulation and $109 million in "other" F. R. accounts (net). The principal offsetting changes were decreases of $358 million in U. S. Government securities bought outright and $135 million held under repurchase agreements, and an increase of $56 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $296 million. As of Wednesday, September 23, holdings of U. S. Government securities bought outright were $332 million lower than a week earlier and member bank bor rowings were $656 million higher. Averages of daily figures Member bank reserves, Week ended Cnange from week ended Wednesday, Reserve Bank credit. Sept. 23, Sept. 16, j Sept. 25, Sept. 23, and related items 1964 1964 j JL963. _ 1964 (lnJ millions" of dollars) Reserve Eank credit: U. S. Government securities- Bought outright--System account 34,904 •358 +2,864 34,781 Held under repurchase agreements •135 Acceptances-- Bought outright 35 - 3 3 36 Held under repurchase agreements 6 - 12 6 14 Discounts and advances-- Member bank borrowings k09 +184 + 21 730 Other l + 1 - 29 1 Float 2,465 +619 + 528 2,030 Total Reserve Bank credit -^7,820 +296 +3,386 37,592 Gold stock 15,462 -- - 120 15,^63 Treasury currency outstanding 5,569 + 5 - 18 5,556 58,851 +301 +3,248 58,611 Currency in circulation 38,192 -233 +2,342 38,152 Treasury cash holdings 448 + 13 + 63 443 Treasury deposits with F. R. Banks 962 + 56 + 106 1,047 Foreign deposits with F. R. Banks 131 - 11 8 128 Other deposits with F. R. Banks 193 - 1 + 12 199 Other F. R. accounts (net) 1,-054 -109 - 86 1,030 4o,981 -284 +2,430 40,999 Member bank reserves: With Federal Reserve Banks 17,870 +585 + 818 17,612 Currency and coin (estimated) 3,376 - 70 + 228 ' 3,73^ Total reserves held 21,246 +515 +17046 21,346 Required reserves (estimated) 20,762 +392 +1,022 20,791 Excess reserves (estimated) 484 +123 + 24 1 555 On September 23, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,507 million, an increase of $18 million for the week and an increase of $633 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.k.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) C!hange since Sept. 23, Sept. 16, Sept. 25, 1964 1964 1963 A S S E TS Gold certificate account 13,703 + 9 271 Redemption fund for F. R. notes 1,^93 + 6 + 158 Total gold certificate reserves 15,196 + 15 - 113 Cash i?9) 163 + 12 - 165 Discounts and advances ^j 731 + 657 + 236 Acceptances: 36 -- -- Bought outright lk k 14 Held under repurchase agreements U. S. Government securities: Bought outright-- Bills 4,578 332 + 1,611 Certificates " " -_1>0,!7;1£2 Notes 25,077 " +11,067 Bonds 5,126 -j_ ± 688 Total bought outright 3k, 781 - 332 + 2,6f5 Held under repurchase agreement£ Total U» S* Government securities 3^,781 - 332 +' 2,6lk~ Total loans and securities 35*562 + 321 + 2,924 Cash items in process of collection (1,^37) 6>676 -1,294 4- 1,030 Bank premises 102 — - 1 Other assets 589 + §0 + 234 TOTAL ASSETS (2,076) 58,28% - 865 + 3,909 L I A B I L I T I ES Federal Reserve notes (639)32,935 193 + 2,2^0 Deposits: Member bank reserves 17,612 599 + 991 U. S. Treasurer--general account 1,0^7 35 + 107 Foreign 128 26 - 13 Other (**) 199 19 + 27 Total deposits (**) lS/9^ + 557 + 1,112 Deferred availability cash items (1^37) k 6k6 -1,21+6 + 1*35 } Other liabilities and accrued dividends 97 - 6 + 20 TOTAL LIABILITIES (2,076) W&& - 888 4- 3,807 C A P I T AL A C C O U N TS Capital paid-in 517 — + 30 Surplus 990 + 5o Other capital accounts 117 + 22._ i l£ TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,076) 58,288 - 866 + 3>9g£ Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (com puted from figures as shown on the foloi lowing pages—not consolidated) 28-9$ -2$ 2#3?> Contingent liability on acceptances purchased for foreign correspondents 130 - 1 + 27 * 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 23, 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 advancex s Acceptances Holding^ during week Within 15 days 1722k^ 2200 663322 - 25 16 days to 90 days 66 3300 99,,001155 -IT1*- 91 days to 1 year 11 ---- 99,,881l88 -133 Over 1 year to 5 years - -* -. 12,91^ Over 5 years to 10 year*ss ... 2,C98 Over 10 years .... -- 30k Total 731 50 3^,781 -33Z Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAM ON SEFTEMBER 23, 1964 San New Phila Cleve Rich- St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mend Louis apolis City cisco (in millions of dollars) A S S E TS Gold certificate account 13,703 672 3,333 707 1,055 908 707 2,325 555 256 596 475 2,114 Redemption fund for F. R. notes 1^93 84 345 81 142 121 £9 268 61 26 58 48 170 ~ -- Total ^old certificate reserves 15,19^ 756 ' 3,678 8B 1,197 "1,029" ~ 795- "27593 —~6i6- 282 " 654~* 523 "" 27284"" F. R. notes of other Eanks 639 53 200 47 24 51 54 35 19 43 19 29 65 Other cash 163 7 43 5 12 16 15 21 6 5 7 4 22 Discounts and advances 731 5 209 1 6 30 59 255 14 15 50 54 33 Acceptances: Bought outright 36 -- 36 — — -- -- -- -- -- -- -- -- Held under repurchase agreements Ih -- 14 — -- -- -- -- U, S. Government securities: Bought outright- Bills ^578 238 1,135 245 389 315 252 779 178 89 167 180 611 Certificates __ -- -- -- __ -- -- -- _- __ -- -- -- Notes 25,077 1,307 6,216 l,34l 2,129 1,727 1,380 4,268 973 488 916 986 3,346 Bonds 5,126 267 1,271 274 435 353 282 872 199 100 I87 202 684 -T73T0-- err Total 34,f8T" 1,832 ""57525 "17856" 2,953 " 27555 -17914— -"57919- -T72T0 -T7568- 4,64l Held under repurchase agreements -- -- — -- -- -- -- -- -- — -- -- -- Total U. S. Government securities •iiul&L 1,812 8,622 1,860 _J,_953_ _2,395_ 1,914 5,919 1,350 ___ 6 _1L 1,270 _JL,368_ 4,641 Total loans and securities [35,562 1,817 8,881 1,861 2,959 2,425 1,973 6,174 1,364 692 1,320 1,422 4,674 Cash items in process of collection 1 8,113 | 577 1,594 451 623 611 6c8 1,244 388 243 54o 394 840 Bank •premises 102 1 3 8 3 6 5 18 22 6 4 6 11 10 Other assets 589 30 149 32 52 35 33 91 22 13 26 28 78 TOTAL ASSETS 60,364 3,243 14,553 3,187 4,873 4,172 3,497 10,180 2,421 1,282 2,572 2,411 7,973 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(c) STATEMENT OF CONDITION OF EACH INDERAL RESERVE BANK CN SEPTEMBER 23, 1964" San New Phila-1 Cleve Rich St. Minne- Kansas Total |B oston Atlanta Chicago Dallas Fran York delphia j land mond Louis apolis City 1; cisco < (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 33,574 1,965 7,934 1,943 2,850 2,795 1,931 6,104 1,345 585 1,299 1,035 3,788 Deposits: Member bank reserves 17,612 642 4,913 698 1,240 725 903 2,689 660 4c8 806 897 3,031 U.S. Treasurer-general account 1,047 57 205 66 99 55 50 136 46 51 63 63 156 Foreign 128 6 1/40 6 11 6 7 17 4 3 5 7 16 Other 199 * 116 1 8 11 1 * 3 2 66 Tot al deposits 18,986 705 5,274 771 1,350 794 961 2,843 711 462 877 969 3,269 Deferred availibity cash items 6,083 492 893 377 519 495 505 983 305 197 321 310 666 Other liabilities and accrued dividends ! 97 5 24 5 9 6 6 17 4 1 4 4 12 TOTAL LIABILITIES 58,740 |3,l67 14,125 3,096 4,728 4,090 3,403 9,947 2,365 1,245 2,501 2,318 7,755 CAPITAL ACCOUNTS Capital paid in 517 24 136 29 46 26 30 74 18 12 23 30 69 Surplus 990 47 264 55 90 49 56 l4o 34 43 57 132 23 Other capital accounts 117 5 28 7 9 7 8 19 4 2 5 6 17 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 60,364 | 3,243 14,553 3,187 4,873 4,172 3,497 10,180 2,421 _J-.i282_ J^I3__ Contingent liability on accept ances purchased for foreign c orre sp ondent s | 130 6 2/35 7 12 7 7 18 4 3 6 7 18 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 35,377 2,049 ~e7582~~ 2,012 3,044 2,895 6,356 1,417 617 1,344 1,106 4, oi4 Collateral for F. R. notes: 4n Geld certificate account 6,610 1,670 425 500 595 34o 1,100 270 112 272 180 735 Eligible paper 64 1 14 49 U. S. Government securities 29,820 1,670 6,950 1,700 2,700 2,330 1,750 5,4cc 1,210 510 .1,100 1,CC0 3,500_ Total collateral 36,494 2, 081 8,620 2,126 3,200 2,925 2,090 6,500 1,494 622 1,421 1,160 4,235 1/ After deducting $ 88 million participations of other Federal Reserve Banks, * Less than $5C0,C00. 2/ After deducting $ 95 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis