H.4.1 Factors Affecting Reserve Balances of Depository Institutions

li£SS£& F E D E R AL R E S E R VE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.I For immediate release November 19, 1964 The average of daily figures of total member bank reserves held during the week ended November 18 increased $301 million to $21,318 million. Estimated currency and coin of member banks increased $198 million and their reserve balances at the Federal Reserve Banks increased $103 million. Estimated required reserves increased $62 million; and estimated excess reserves increased $239 million to $610 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $20 million, compared with the revised figure of minus $56 million the week before, when excess reserves were less than member bank borrowings. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $251 million in Federal Reserve float, $163 million in member bank borrowings, and $27 million in U. S. Government securities bought outright. The principal offsetting changes were a decrease of $100 million in U. S. Government securities held under repurchase agreements and increases of $184 mil-lion in currency in circulation and $29 million in Treasury cash holdings. Total Reserve Bank credit increased $331 million. As of Wednesday, November 18, 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 $228 million higher, and member bank borrowings were $365 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended] Wednesday, Reserve Bank credit, Nov. 18, Nov. 11, Nov. 20,~ Nov. 18, and related items 1964 1964 1963 1964 (in millions of dollars J" Reserve Bank credit: U. S. Government securities-- Bought outright--System account 35,698 + 27 +2,925 35,765 Held under repurchase agreements 215 -100 + 39 504 Acceptances-- Bought outright 4l + 1 3 Held under repurchase agreements 22 - 13 22 49 Discounts and advances-- Member bank borrowings 590 +163 + 159 147 Other 3 + 1 - 28 2 Float 1,962 +251 - 218 2,071 Total Reserve Bank credit 357532 +331 +2,897 38,5B0 Gold stock 15,462 - 1 - 120 15,463 Treasury currency outstanding 5,497 - 99 5,495 597^92 +331 +2,680 597538 Currency in circulation 38,977 +184 +2,255 39,031 Treasury cash holdings 532 + 29 + 129 546 Treasury deposits with F. R. Banks 563 + 17 - 482 425 Foreign deposits with F. R. Banks 130 - 9 - 14 157 Other deposits with F. R. Banks 215 + 10 7 191 Other F. R. accounts (net) ,1,150 - 3 61 1422 +228" +1,833 4~1,652 Member bank reserves: With Federal Reserve Banks 17,926 +103 + 846 17,885 Currency and coin (estimated) 3,392 +198 + 222 3,687 Total reserves held 21,318 +301 +1,068 21,572 Required reserves (estimated) 20,708 + 62 + 964 20,906 Excess reserves (estimated) 610 +239 + 104 666 On November 18, 1964, U. S. Government securities held in custody by the Federal Reserve Eanks for foreign account were $8,222 million, a decrease of $28 million for the week and a decrease of $107 million from the comparable Digitized for FRASER date a year ago. 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 Nov. 18, Nov. 11, Nov. 20, A S S E TS ^— -^ i263_ Gold certificate account 13*650 -- -296 Redemption fund for F. R. notes 1*524 II * 1,76 Total gold certificate reserves 15* 174 — - 120 Cash (464) 130 _ 9 - 115 Discounts and advances 149 - 365 - 270 Acceptances: Bought outright 42 + 2 1 lie Id under repurchase agreements 49 + 18 y k9 U. S, Government securities: Bought outright-- Bills 5*410 + 187 +1,828 Certificates -- -- -7,066 Notes 25*133 -- +7,454 Bonds 5*222 -- + 602 Total bought outright 35*7^5 + 187 +2,818 Held under repurchase agreements 504 + 228 + 397 Total U. S. Government securities 36T269 + J05 +3,215 Total loans and securities 36*509 + 70 +2,993 Cash items in process of collection (1*699) 7*283 +1 ,249 + 555 Bank premises 102 __ 2 Other assets 330 - 272 + 76 TOTAL ASSETS (2,163) 39*528 +1,038 +3*387 L I A B I L I T I ES Federal Reserve notes (464) 33*924 73 +2,380 Deposits: Member hank reserves 17*885 + 532 + 9-19 U. S. Treasurer--general account 425 - 216 - 593 Foreign 157 + 13 +6 Other 191 - 138 4 z Total deposits 18,658 + 171 + 328 Deferred availability cash items (1*699) 5*212 + 862 + 553 Other liabilities and accrued dividends 116 + 2 + 28 TOTAL LIABILITIES (2*163) 57*910 +1*108 +3*289 C A P I T AL A C C O U N TS Capital paid in 521 — + 31 Surplus 99O -- + 56 Other capital accounts 107 - 70 + 11 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS (2,163) 59,525 +1,038 +3,387 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) 28.6$ - 1.8/0 Contingent liability on acceptances purchased for foreign correspondents 124 1 + 19 * 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 18, ,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 Chang es advances Acceptances Holdings during week Within 15 days 145 55 1,530 -5;, 681 16 days to 90 days 4 36 3A93 + 120 91 days to 1 year l6,ok9 +5;,9 hQ Over 1 year to 5 years 13,119 + 28 Over 5 years to 10 years 2,088 + 35 Over 10 years 29C - 35 Total 149 91 36,269 + IH5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION CF EACH REDEPAL RESERVE BANK ON NOVEMBER 18, 1964 1 New Phila Cleve Rich St. Minne Kansas San Total 11 Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco i (in millions of dollars) A S S E TS 1 Gold certificate account 113,650 i 739 3,185 721 1,105 949 726 2,406 514 263 542 519 1,981 Redemption fund for F. R. notes ! 1,524 85 345 84 139 129 91 280 61 27 60 50 173 Total gold certificate reserves ii5,m i 824 3, 530 805 1,244 1,078 817 2,686 575 290 602 569 2,154 F. R. notes of other Banks k6k 32 170 24 16 33 37 29 13 25 13 26 46 Other cash 130 7 37 3 7 10 11 21 4 4 5 3 18 Discounts and advances 1^9 19 12 # * 17 28 42 - 6 7 6 11 Acceptances: Bought outright k2 -- 42 -- __ -- -._- -_ -- --, -- _._. _._. Held under repurchase agreements h9 _.- 49 .- __ __ ~j-* U. S. Government securities: Bought outright— Bills 5,^10 29^ 1,277 291 458 377 302 926 216 105 213 210 74l Certificates _»-. -- — _-- _- -_ -_ - * _,_. Rotes 125,133 1,364 5,933 1,353 2,126 1,749 l,4c6 4,301 1,002 490 989 975 3,445 Bonds ! 5,222 i 283 ., .1,233 281 442 363 292 893 208 102 2C6 203 716 Total 35,765 I 1,941 8,443 1,925 3,026 2,489 2,0C0 6,120 1,426 697 1,408 1,388 4,902 Held under repurchase agreements 504 i _.__ 504 __-. _._. _.«. -- _.- -- _-_. _,_- _._ -- 1 Total u. S. Government securities 36,269 l,94l 8,947 1,925 3,026 2,489 2,CC0 6,120 1,426 697 1,408 1,388 4,902 Total loans and securities j 36,509 1,960 9,050 1,925 3,026 2,506 2,028 6,162 1,427 703 1,415 1,394 4,913 Cash items in process of 1 collection 8,982 656 1,654 512 635 675 688 1,500 442 279 610 446 885 Bank premises 102 3 e 3 6 5 18 22 6 4 6 11 10 Other assets I 330 17 82 18 29 19 19 49 12 7 17 17 44 TOTAL ASSETS 61,691 3,499 14,531 3,290 4,963 4,326 3,618 10,469 2,479 1,312 2,668 2,466 8,070 _____ _ _ *Less than $500, CC0. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF COEDITTOH OF'EACH-FEDERAL RESERVE BANK. ON NOVEMBER 18., I56U T San New Phila St. Minne-' Kansas Total 1B oston Cleve - Rich Atlanta Chicago Dallas J Fran York delphia land mond } Louis apolis City 1c isco 1 millions of doi:L ars) L I A B I L I T I ES Federal Reserve notes 34,388 2,020 8,058 2,008 2,920 2,918 1,991 6,240 1,378 599 1,324 1,056 3,&76 Deposits: Member bank reserves 17,885 819 4,671 732 1,300 766 948 2,736 663 406 837 945 3,062 U.S. Treasurer-general account 425 12 66 17 22 21 17 50 31 31 48 31 79 Foreign ! 157 7 I/50 8 13 7 8 21 5 3 7 8 20 Other 1 191 | 1 106 l 1 6 1 2 3 l 4 2 63 Total deposits !18,658 | 839 4,893 758 1,336 800 974 2,809 702 441 896 986 3,224 Deferred availability cash items | 6,911 | 558 1,125 428 552 519 552 1,170 338 233 372 326 736 Other liabilities and accrued dividends 1 116 1 'O 30 6 10 7 7 18 5 2 5 5 15 TOTAL LIABILITIES 1 So,073 \~ 3/^23 Jh,±cS 3,200 ' T+78T8 4,244 3,524 10,237 2,423 1,275 2,597 2,373 7,853 CAPITAL ACCOUNTS Capital paid in 521 25 137 29 47 26 30 74 18 12 23 30 70 Surplus 1 990 47 264 55 90 49 56 i4o 34 23 43 57 132 Other capital accounts 107 4 24 6 8 7 8_ 18 4_ 2 5_ 6_ 15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS : 61, 69.I 1 3,499 14,531 3,290 4,963 4,326 3,618 10,469 2,479 1,312 2,668 2,466 8,070 Contingent liability on accept ances purchased for foreign u_i correspondents 124 2/33 7 11 6 7 17 4 3 6 7 17 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding j 2,683 87563 27072 3,102 3,002 2,099 o74-'3I 1,444 "521 17371 I7I32" 47o85~ Collateral for F. R. notes: Gold certificate account 410 1,720 445500 550000 661155 340 1,100 270 112 225 180 735 Eligible paper * _. __ __ ._ 1 U. S. Government securities 1,690 7,000 1,800 2,700 2,415 1,800 5,600 1,210 515 1,200 1,000 3,500 Total collateral 2,100 8,720 2,250 3,200 3,030 2,l4o 6,700 1,481 627 1,425 1,180 4,235 1/ After deducting $107 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 91 million participations of other Federal Reserve Eanks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis