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. Banks For immediate release H.4.1"*"* October 15, 1964 The average of daily figures of total member "bank reserves held during the week ended October ik decreased a net of $290 million tc $20,9Jk million* Estimated currency and coin of member banks increased $96 million and their reserve balances at the Federal Reserve Banks decreased $386 million. Estimated required reserves decreased $276 million; and estimated excess reserves decreased $1^ million to $425 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $186 million, compared with the revised figure of $69 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $131 million in member bank borrowings and $79 million in U. S. Government securities held under repurchase agreements, and increases of $256 million in currency in circulation and $27 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $55 million in Federal Reserve float, and decreases of $75 million in "other" F. R. accounts (net) and $27 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $175 million. As of Wednesday, October lk, holdings of U. S. Government securities bought outright were $5^1 million lower than a week earlier, U. S- Government securities held under repurchase agreements were $183 million lower, and member bank borrowings were $133 million lower. Average; s of daily figures 1 Member bank reserves, Week ended Change from week endedjW Ie dnesday, Reserve Bank credit, Oct. 14, Oct- 7, Oct. 16, 1 Oct. l4, and related items 196k 1964 1963 1964 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 35,532 - 17 +3,011 35,111 Held under repurchase agreements 131 - 79 - 132 26 Acceptances- Bought outright 4l + 3 + 3 40 Held under repurchase agreements 56 - 5 + 47 52 Discounts and advances- Member bank borrowings 239 -131 70 77 Other 2 «• - 28 2 Float 1,875 + 55 + 308 1,9C0 Total Reserve Bank credit 37,876 -175 +3,139 37,208 Gold stock 15,462 - 1 - 121 15,463 Treasury currency outstanding 5,54l - 13 - 41 5,543 58,879 -188 +2,977 58,214 Currency in circulation 38,465 +256 +2,230 | 38,546 Treasury cash holdings 470 + 13 + 78 1 482 Treasury deposits with F.R. Banks 865 + 27 - 65 1,042 Foreign deposits with P. R. Banks 133 + 2 - 17 130 Other deposits with F. R. Banks 177 - 27 - 17 201 Other F.R. accounts (net) 1,028 - 75 - 79 960 4l,l40 +198 +2,132 1 4T7361 Member bank reserves: With Federal Reserve Banks 17,739 -386 + 845 16,852 Currency and coin (estimated) 3,235 + 96 + i4o 3,763 Total reserves held 20,974 -290 + 985 20,615 Required reserves (estimated) 20,549 -276 + 946 20,366 Excess reserves (estimated) U25 - l4 + 39 I 49 On October l4, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,383 million, a decrease of $10 million for the week and an increase of $439 million from th§. 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 CF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Oct. I**, Oct."T^ Oct. 167 A S S E TS 1964 ,, _j96j. 12£L Gold certificate account 13,677 11 291 Redemption fund for P. R. notes 1,502 + 6 + ITO Total gold certificate reserves 15,179 5 121 Cash (514) 150 3 138 Discounts and advances 79 - I33 - 328 Acceptances: Bought outright 40 - * - - .- Held under repurchase agreements 52 10 46 U. S. Government securities: Bought outright-- Bills 4,756 • 5^1 + 1,664 Certificates -10,712 Notes 25,133 +11,140 Bonds + 684 5,222 Total bought outright 35,111 - 541 + 2,776 Held under repurchase agreements 26 - 183 52 Total U, S. Government securities 35,137 - 724 + 2,724 Total loans and securities 35,308 - 867 + 2,442 Cash items in process of collection (1,450) 6,953 +1,211 + 335 Bank premises 102 2 Other assets 641 + 49 + 221 TOTAL ASSETS (1.964) 5^73^3 + 185 + 2,737 L I A B I L I T I ES Federal Reserve notes (51*0 33/352 + 172 + 2,280 Deposits: Member bank reserves 16,852 -1,065 + 165 U. S. Treasurer--general account 1,042 + 420 + 124 Foreign 130 9 17 Other 201 3 - £2 Total deposits 157225 - 657 + 2^0 Deferred availability cash items (1,450) 5,053 + 946 + 80 Other liabilities and accrued dividends 103 7 + 21 TOTAL LIABILITIES (1,964) 56,733 + 454 TTJSZl C A P I T AL A C C O U N TS Capital paid in 520 1 + 33 Surplus 99O -- + 5*6 Other capital accounts 90 - 70 + 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,964) 58,333 +' 385 + 2,737. 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) 29.1$ + • 3$ * 1*8$ Contingent liability on acceptances purchased for foreign correspondents 124 - 2 + 19 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION CF LOANS AND SECURITIES, OCTOBER 14, 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 74 61 67O -218 16 days to 90 days 5 31 9,016 -328 91 days to 1 year ## — 9,982 -178 Over 1 year to 5 years — -- 13,091 -- Over 5 years to 10 years — — 2,053 -- Over 10 years — — 325 Total 79 92 35,137 ^724" ** Less than $500,0 00, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(b) STATEMENT OF CONDITION COr Muri f ^ ML RESERVE BANK ON OCTOBER 14, 1Q64 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond 1 "" Louis apolis City cisco (in A S S E TS Gold certificate account 13,677 736 2,846 696 1,098 998 763 2,479 584 264 556 647 2,010 Redemption fund for F. R. notes 1,502 85 346 82 140 126 88 272 60 27 58 49 I69 Total gold certificate reserves 15,179'" 821 3,192 778 1,238 1,124 851 2,751 644 291 614 696 2,179 F. R. notes of other Banks 51* 37 198 31 21 35 36 28 14 37 11 26 40 Other cash 150 8 39 4 9 15 13 23 5 5 7 4 18 Discounts and advances 79 4 4 1 * 7 39 3 3 4 5 8 Acceptances: Bought outright 40 -- 40 -- -- -- -- -- -- _- -- • - -- Held under repurchase agreements 52 52 " — -- -- -.-. -- U. S. Government securities: Bought outright— Bills ^,756 252 l,i4o 257 395 334 268 8o4 186 93 191 180 656 Certificates -- -- -- -- -- -- -- .- -- • - _- -- - - Notes 25,133 1,331 6,024 1,356 2,089 1,764 1,414 4,250 982 494 1,CC9 951 3,469 Bonds 5,222 277 1,252 281 434 366 293 883 204 103 210 198 721 Total |35,U1 ! 1,860 8,4l6 1,894 2,918 2,464 1,975 5,937 1,372 690 1,410 1,329 4,846 Held under repurchase agreements 26 -- 26 _~ -- -.- __ -._ _- -- «.- _- Total u. S. Government securities 35,137 1,860 8,442 1,89^ 2,918 2,464 1,975 5,937 1,372 690 1,410 1,329 4,846 Total loans and securities 35,308 1,864 8,538 1,895 2,919 2,464 1,982 5,976 1,375 693 1,414 1,334 4,854 Cash items in process of collection ! 8,403 500 1,704 5^9 6C0 629 618 1,445 399 267 512 397 783 Bank premises 102 3 8 3 6 5 18 22 6 4 6 11 10 Other assets 64l f 33 160 35 55 4o 36 100 24 14 29 29 86 TOTAL ASSETS 60,297 3,266 13,839 3,295 4,848 4,312 3,554 10,345 2,467 1,311 2,593 2,497 7,970 *Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANT ON" OCTOBER 14, 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) L I A B I L I T I ES Federal Reserve notes 33,866 1,983 7,976 1,959 2,870 2,848 1,953 6,146 1,353 592 1,312 1,041 3,833 Deposits: Member bank reserves 16,852 649 3,947 706 1,222 782 959 2,660 664 416 820 975 3,052 U.S. Treasurer-general account 1,042 44 231 53 86 64 48 96 81 47 56 92 144 Foreign i 130 6 1/34 7 12 7 7 18 5 3 6 7 18 Other f 201 * 118 2 * 9 1 2 1 * 2 2 64 Total deposits ilb,225 699 4,330 "768 •' 1,320 862 1,015 2,776 751 3,278 1,076 Deferred availability cash items ' 6,503 \ 503 1,087 473 506 515 487 1,176 304 215 323 630 Other liabilities and accrued 284 dividends 103 5 25 6 9 7 6 18 4 1 4 14 TOTAL LIABILITIES 58,697 3,190 13,418 3,206 4,705 4,232 3,461 10,116 2,412 1,274 2,523 2,4045 7,755 CAPITAL ACCOUNTS Capital paid in 520 25 136 29 47 26 30 74 18 12 23 30 70 Surplus ' 990 1 47 264 55 90 49 56 140 34 23 43 57 132 Other capital accounts i 90 4 .. .21 5., 6 . , 5 T 15 3 2 4 5 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS |6o*29J_ L!L266„ .13o8j9_ .. 3.,.295...4 .848 4.312 ,3,, 554,,,1 0.345 .,.2,467 1.311 . 2,593__ 2,497-.. 7,970 Contingent liability on accept ances purchased for foreign correspondents 124 • 6 .-|/.33„ . 7 11 6 ... .7. 18 4 3 . . .5... 7. XL FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding [B7W7^/>5l> 6y4"8lF 2,020 3,046 2,918 2,048 6,378 1,432 616 1,356 1,124 4,017 Collateral for F. R. notes: Gold certificate account 400 1,670 425 500 595 340 1,100 270 112 225 180 735 Eligible paper 3 4 U. S. Government securities 6,950 1,700 2,700 2,375 1,750 5,4CO 1,210 510 1,200 1,000 3,500 Total collateral 2,070 8,620 2,125 3,200 2,970 2,090 6,500 1,483 622 1,429 1,180 4,235 1/ After deducting $ 96 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $91 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis