H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE +mm Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release H.4.1 **** November 12, 1964 The average of daily figures of total member bank reserves held during the week ended November 11 decreased $165 million to $21,049 million. Estimated currency and coin of member banks decreased $137 million and their reserve balances at the Federal Reserve Banks decreased $28 million. Estimated required reserves decreased $184 million; and estimated excess reserves increased $19 million to $465 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $38 million, compared with the revised figure of minus $30 million the week before, when excess reserves were less than member bank borrowings. The principal changes reducing average reserve balances with Federal Reserve Eanks were a decrease of $49 million in member bank borrowings and increases of $351 million in currency in circulation and $42 million in "other" F. R. accounts (net). The principal offsetting changes were increases of $246 million in U. S. Government securities held under repurchase agreements and $77 million in Federal Reserve float and a decrease of $120 million in Treasury deposits with Federal Reserve Banks, Total Reserve Bank credit increased $291 million. As of Wednesday, November 11, holdings of U* S. Government securities bought outright were $131 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $32 million higher, and member bank borrowings were $105 million higher. Average of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 11, ""Nov. 4, Nov. 13, Nov. 11, and related items 1964 1964 1963 1964 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 35,671 + 29 +2,791 35,57$ Held under repurchase agreements 315 +246 + 16 276 Acceptances — Bought outright 40 + l 5 4o Held under repurchase agreements 35 - 12 + 31 31 Discounts and advances— Member bank borrowings 427 - 49 + 127 512 Other 2 - 1 - 28 2 Float 1,711 + 77* + 130 ,1,577 Total Reserve Bank credit 38,201 +291* +3,063 38,016" Gold stock 15,463 + 1 - 119 15,^63 Treasury currency outstanding 5,497 - 8 - 101 5,496 597ISI +2W* +2,843 58,975 Currency in circulation 38,793 +351* +2,168 38,983 Treasury cash holdings 503 + 15 + 101 515 Treasury deposits with F. R. Banks 546 -120 - 3^0 641 Foreign deposits with F. R. Eanks 139 + 17 7 144 Other deposits with F. R. Eanks 205 + 8 + 7 242 Other P. R # accounts (net) +_4g* + 152 1,098 517338 +312 +2,080 4T^23 Member bank reserves: With Federal Reserve Banks 17,823 + 763 17,353 Currency and coin (estimated) 3,226 + 221 3,6?3 Total reserves held 21,049 + 21,046 Required reserves (estimated) 20,584 + 950 20,564 Excess reserves (estimated) 465 + 34 482 * November 4 figures corrected. On November 11, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,250 million, an increase of $74 million for the week and a decrease of $94 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.-V. 1(a) CONSOLIDATED STAIJSIMT- OP COKEITION OF THE TWELVE FEDERAL SESERVE BANKS (in millions of dollars) Change sinee Nov. 11, " Hov. "57 Nov« ^ A S S E TS - J a SL 3SS i263_ Gold certificate account 13,650 - 30 - 305 Redemption fund for p. R. notes i,524 + 27 + 178 Total gold certificate reserves ljjJlT? - 3 - 127 Cash (4^4) 139 - 12 95 Discounts and advances 514 +105 382 7 Acceptances: Bought outright 40 3 Held under repurchase agreements 31 - 23 31 U. S. Government securities: Bought outright- Bills 5,223 -131 + •1,937 Certificates -10,712 Notes 25,133 +11,100 Bonds 5,222 21 + 602 Total bought outright 35,578 -131 + 2,927 Held under repurchase agreements 276 * 3.2 + 276 Total U, S. Government securities 35,854 -99 + 3,203 Total loans and securites 36 439 - 17 + 3,613 Cash items in process of collection (1,381) 6,034 + 4l + 39 Bank premises 102 2 Other assets 602 + 98 + 58 TOTAL ASSETS (1,825) ffi'Vffi +107 + 3,^6 L I A B I L I T I ES Federal Reserve notes (444) 33,851 +371 + 2,322 Deposits: + 1,182 Member bank reserves 17,353 - 93 378 U. S. Treasurer--general account 6kl + 95 Foreign 144 + 13 7 + Other (285) 3^9 +152 152 Total deposits (285) W^Wf +15? + 949 Deferred availability cash items (1,096) 4,350 -456 + 2 Other liabilities and accrued dividends 114 + 3 ± 27 TOTAL LIABILITIES (1,825) 56,802 +85 +3,300 C A P I T AL A C C O U N TS Capital paid in ~ 521 -- + 31 Surplus 990 — + 56 Other capital accounts 177 + 22 + 99 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,825) 58,490 +107 + 3,48£ Ratio of gold certificate reserves to deposit and P. R. note liabilities combined (com puted frcm figures as shown on the fol lowing pages—not consolidated) 28.6$ -.4$ 2.4$ Contingent liability on acceptances purchased for foreign correspondents 125 " + 20 * 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, NOVEMBER 557^955 ~ (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 Ac(: eptances Holdings during week Within 15 days 550077 TSo) 77,,221111 r285 1.6 days to 90 days 77 3311 33,,007733 +180 91 days to 1 year «„- -„- 1100,,110011 +1 Over 1 year to 5 years -- 13,091 Over 5 years to 10 yea^rrss -- 2,053 Over 10 years _ __ 325 Total 514 71 357B55" - 99 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(b) STATEMENT OF COMDITION OF EACH FEDERAL RESERVE BAMC ON NOVEMBER 3.1, 1964 1 r San New Phila Cleve Rich St. Minne Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas 1 Fran cisco (In millions of dollars) A S S E TS Gold certificate account 13,650 811 3,362 651 1,022 987 756 2,213 555 270 603 536 1,864 Redemption fund for F. R. notes 1 1,524 85 345 84 139 129 92 280 61 27 60 49 173 Total gold certificate reserves 115,174 896 3,707 735 l,l6l 1,116 848 2,493 616 297 663 585 2,057 F. R. notes of other Banks 1 444 33 170 21 15 31 34 27 11 27 12 25 38 Other cash I 139 8 39 3 7 14 11 22 4 4 5 3 19 Discounts and advances 514 19 129 15 20 43 27 162 3 18 31 37 10 Acceptances: Eought outright 40 — 4o — -- -• -- -- — -- -- — — Held under repurchase agreements 31 -- 31 -- -- — -- — — -- -- -- — U. S. Government securities: Bought outright-- Bills ' 5,223 269 1,225 287 442 367 293 907 205 101 207 204 716 Certificates -- -- -- — — -- — -- -- -- -- — Notes 25,133 1,294 5,897 1,380 2,125 1,765 1,412 4,368 985 488 995 979 3,445 Bonds 5,222 269 1,226 286 442 367 293 908 205 101 207 203 715 Total 35,578 1,832 8,348 1,953 3,009 2,499 1,998 6,183 1,395 690 1,409 1,386 4,876 Held under repurchase agreements 276 „ 276 — — -- — -- -- — -- — Total XL S. Government securities 35,854 1,832 8,624 1,953 3,009 2,499 1,998 6,183 1,395 690 1,409 1,386 4,876 Total loans and securities 36,439 1,851 8,824 1,968 3,029 2,542 2,025 6,345 1,398 708 l,44o 1,423 4,886 Cash items in process of collection 7,415 478 1,351 434 433 644 654 l,c64 375 278 473 369 842 Bank premises 102 3 8 3 6 5 18 22 6 4 6 11 10 Other assets 602 30 145 32 52 4l 34 98 24 12 27 26 81 TOTAL ASSETS ' 60,315 3,299 14,244 3,196 4,703 4,393 3,624 10,071 2,434 1,330 2,626 2,462 7,933 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 11, 1964 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond j Louis apolis City cisco l 1 (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 3M95 ! 2,003 8,048 1,998 2,904 2,905 1,979 6,224 1,375 598 1,325 1,054 3,882 Deposits: Member "bank reserves 17,353 721 4,564 706 1,226 810 893 2,693 656 429 823 922 2,910 U.S. Treasurer -general a2( c ount 6kl 38 88 30 33 63 41 60 22 42 53 42 129 Foreign Xkh 6 1/45 8 12 7 8 19 4 3 6 8 18 Other 63k 127 # 1 91 109 7 4l 31 43 58 126 Total deposits 16,772 765 4,824 744 1,272 971 1,051 2,779 723 505 925 1,030 3,103 Deferred availability cash items 445 899 355 368 422 490 806 273 187 297 278 626 Other liabilities and accna ed dividends 6 30 5 9 8 6 18 5 2 6 4 15 TOTAL LIABILITIES 58,627 3,219 13,801 3,102 4,553 4,306 3,526 9,827 2,376 1,292 2,553 2,366 7,706 CAPITAL ACCCUKTS Capital paid in 521 25 137 29 47 26 30 74 18 12 23 30 70 Surplus I 990 47 264 55 90 49 56 140 34 23 43 57 132 Other capital accounts 1 177 8 42 10 13 12 12 30 6 3 7 9 25 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 60,315 1 3,299 14,244 3,196 4,703 4,393 3,624 10,071 2,434 1,330 2,626 2,462 7,933 Contingent liability on ac<:e ptances purchased for fore:Lg n correspondents L 125 6 2/33 7 11 6 7 18 4 3 6 7 17 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 2,070 8,526 2,056 3,079 2,974 2,075 6,451 1,448 "6"22 1,369 1,136 '4,063 Collateral for F. R. notes: Gold certificate account 400 1,670 425 500 615 340 1,100 270 112 225 180 735 Eligible paper 3 3 U. S. Government securities 1,690 6,950 1,700 2,700 2,395 1,750 5,600 1,210 515 1,200 1,000 3,500 Total collateral 2,090 8,620 2,128 3,200 3,010 2,090 6,700 1,483 627 1,425 1,180 4,235 1/ After deducting ^99 million participations ofo ther Federal Reserve Banks, * Less than $500,000. 2/ After deducting $92 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis