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 December 3, 196^ The average of daily figures of total member bank reserves held during the week ended December 2 increased $300 pillion to $21*375 million. Estimated currency and coin of member banks increased $kk million and their reserve balances at the Federal Reserve Banks increased $256 million. Estimated required reserves increased $173 million; and estimated excess reserves increased $127 million to $385 million. Excess reserves exceeded mesber bank borrowings at the Federal Reserve Banks by $10 million, compared with the revised figure of §99 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $80C million in U. S. Government securities bought outright and $216 million in member bank borrowings, and a decrease of $359 million in "other" F. R. accounts (net). The principal offsetting changes were decreases of $276 million in Federal Reserve float, $125 million in U. S. Government securi-'. ties held under repurchase agreements, $43 million in gold stock, $37 million in Treasury currency outstanding, and $34 million in acceptances held under repurchase agreements, and increases of $306 million in Treasury deposits with Federal Reserve Banks, $205 million in currency in circulation, and $76 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $581 million. As of Wednesday, December 2, holdings of U. S. Government securities bought outright were $1,091 million higher than a week earlier and member bank borrowings were $8 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended 'Wednesday, Reserve Bank credit, Dec. 2, Nov. 25, Dec. 4, Dec. 2, and related items 1964 1964 1963 1964 - - millions of dollars) (in Reserve Bank credit: U. S. Government securities — Eought outright--System account 36,667 +800 +3,077 37,371 Held under repurchase agreements -- -125 - 205 - — Acceptances- Bought outright 44 + 1 + .2 ^5 Held under repurchase agreements 21 - 34 + 20 30 Discounts and advances- Member bank borrowings 375 +216 - 132 150 Other 2 - 1 - 31 2 Float 1,860 -276 + 229 1,664 Total Reserve Bank credit 38,969 +581 +2,959 3972S2 Gold stock 15,387 - 43 - 195 15,388 Treasury currency outstanding 5,457 - 37 - 123 5,403 597BI3 +501 +2,64o 507053 Currency in circulation 39,276 +205 +2,002 39,381 Treasury cash holdings 556 + 4 + 171 562 Treasury deposits with F.R. Banks 827 +306 + 15 617 Foreign deposits with F. R. Banks 224 + 76 + 57 281 Other deposits with F. R. Banks 196 + 13 l 190 Other F. R. accounts (net) 886 -359 - 378 1,313 +17356' 4^7354 41,965 +243 Ifember bank reserves: 1 With Federal Reserve Banks 17,848 +256 * 774 17,709 Currency and coin (estimated) 3,527 + 44 + 281 3,790 Total reserves held 21,375 +300 +1,055 21^99 Required reserves (estimated) 20,990 +173 +1,256 21,297 Excess reserves (estimated) 385 +127 - 201 202 Cn December 2, 196V, U. S. Government securities held in custody by •ther Federal Reserve Banks for. foreign account were $8,10U million, a decrease of $230 million for the week and a decrease of $303 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) CONSOLIDATED STATEMENT OF CCNH^ION OF THE TWELVE FEDERAL RESERVE BANI<S (In millions of dollars) Change since Tec 2, Nov. 25, Dec. k, 196k 196^ 1963 A S S E TS Gold certificate account 13,555 1 - 3T3 Redemption fund for F. R. notes 1,536 + 1 + 158 Total gold certificate reserves 15>091 -- - 215 Cash (kk5) 122 8 - 111 Discounts and advances 152 8 + 31 Acceptances: Bought outright ^5 — +2 Held under repurchase agreements 30 lh + 25 U. S. Government securities: Bought outright-- Bills 6,962 +1,037 Certificates Notes 25A56 + 23 Bonds 5,253 ± 31 Total bought outright 37,371 +1,091 Held under repurchase agreements -«• -- Total U.S. Government securities 37,371 +1,091 +3,395 Total loans and securities 37,598 +1,069 +3,^53 Cash items in process of collection (1,^3) 6,415 + 356 + 412 Bank premises 102 — - 2 Other assets 381 - 196 + 86 TOTAL ASSETS (1,888) 59,709 +1,221 +3,623 L I A B I L I T I ES Federal Reserve notes (bk5) 3^,365 + 19^ +2,203 Deposits: Member hank reserves 17,709 + 731 + 570 U. S. Treasurer--general account 617 135 + 31 Foreign 28l + 87 + 129 Other ISO + h 1^ Total deposits 18,797 +~T87 + 717 Deferred availability cash items (1,^3) ^,751 + 304 + 565 Other liabilities and accrued dividends 132 + Ik + 3.8 TOTAL LIABILITIES (1,888) 58,0^? +1,199 +3,523 C A P I T AL A C C O U N TS Capital paid in 522 -- + 3° Surplus 990 — + 56 Other capital accounts 152 + 22 + lh TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,888) 59,709 +1,221 +3,623^ 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) 28.2$ .4$ - 2.1$ Contingent liability on acceptances purchased for foreign correspondents 125 +2 + 24 * 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, DECEMBER 2,~T9£5 ~~ (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 ikQ 37 892 - 2k 16 days to 90 days k 38 3,802 + 410 91 days to 1 year -- 17,132 + 657 Over 1 year to 5 years -- -- 13,137 + 13 Over 5 years to 10 years* s __ 2,118 + 30 Over 10 years -.-. — ___2__9 0 -- Total 152 75" 37,371 +1,091 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF FACE FELERAL RESERVE BANK OE DECEMBER 2, 1964 — v 1 San New Phila Cleve- Rich St. i Minne-j Kansas Total Boston Atl anta Chicago Dallas Fran York delphia land mond Louis | apolis j City cisco (In millions of dollars) A S S E TS Gold certificate account 13,555 652 3,*66 676 1,102 975 788 2,283 516 287 529 520 1,761 Redemption fund for F. R. notes 1,536 1 87 353 83 139 127 91 279 62 27 60 51 177 Total gold certificate reserves 15,091 739 3,819 759 1,241 1,102 879 2,562 578 31* 589 571 1,938 F. R. notes of other Banks kh$ 27 166 16 18 25 38 3* 16 24 12 24 45 Other cash 122 6 28 3 7 11 11 21 5 4 4 3 19 Discounts and advances 152 30 20 2 2 6 3* - 18 15 7 16 Acceptances: Bought outright ^5 -- 45 -- -- --. __ __ -- -- -- Held under repurchase agreements 30 — 30 ... _.- U. S. Government securities: Bought outright-- Bills 6,962 371 1,732 386 578 490 379 1,186 268 133 272 26l 906 Certificates ..-. -.- -- -- -- -- -.- -- -- __ _-. _- Notes 25,156 1,339 6,258 1,39* 2, C87 1,771 1,369 4,284 970 481 984 9*3 3,276 Bonds 5,253 280 1,307 291 436 370 285 894 203 101 205 197 684 Total 137,371 1,990 9,297 2,071 3,101 2,631 2,033 6,364 1,441 715 l,46l 1,401 4,866 Held under repurchase agreements -- -_ -- «.- -- -- -- -- -.— ... - — — -. - - Total U. S. Government securities 37,371 1,990 9,297 2,071 3,101 2,631 2,033 6,364 1,441 715 1,461 1,401 4,866 Total loans and securities 37,598 2,020 9,392 2,073 3,102 2,633 2,039 6,398 1,442 733 l,*76 1,408 4,882 Cash items in process of collection 7,858 57* 1,516 465 559 555 642 1,253 365 243 503 407 776 Bank premises 102 3 8 3 6 5 18 22 6 4 6 11 10 Other assets 381 19 98 20 33 23 22 58 14 8 18 18 50 TOTAL ASSETS ,6 1,597 3,388 15,027 3,339 4,966 *,35* 3,649 10,3*8 2,426 1,330 2,6c8 2,442 7,720 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(c) STATEMENT OF CONDITION OF'EACH FEDERAL RESERVE- BANK ON DECEMBER- 2, 1964 San New Phila Cleve- Rich St. Minne- Kansas Total i Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco L I A B I L I T I ES (In millions of dollars) Federal Reserve notes 34,810 2,048 8,155 2,035 2,958 2,963 2,028 6,299 1,392 605 1,337 1,068 3,922 Deposits: Member "bank reserves 17,709 703 5,024 764 1,246 805 927 2,653 645 444 790 916 2,792 U.S. Treasurer-general ac: count 617 3^ 66 37 59 37 69 59 35 40 69 29 83 Foreign 281 11 1/105 13 22 12 13 3^ 8 6 11 14 32 Other 190 1 U5 2 9 12 1 4 1 5^ Total deposits 18,797 749 5,310 816 1,327 863 1,010 2,748 689 490 874 960 2,961 Deferred availability cash items 6,194 505 1,093 388 521 435 507 1,038 283 194 320 31^ 596 Other liabilities and accrx.l ed dividends .132 7 33 7 12 8 7 23 5 3 5 5 17 TOTAL LIABILITIES j59,933 3,309 1^,591 3,246 4,818 4,269 3,552 10,108 2,369 1,292 2,536 2,347 7,496 CAPITAL ACCOUNTS Captial paid in ! 522 25 137 29 47 26 31 74 18 12 23 30 7c Surplus ; 990 ! vr 264 55 90 h9 56 i4o 34 23 43 57 132 Other capital accounts 152 7 35 9 11 10 10 26_._ 5_ - ...3.., 6__ 8__ 22 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 61,597 S3,388 15,027 3,339 4,966 ^,35^ 3,649 10^348_ 2,426 1,330 _2,608_ _2,442 7,720 Contingent liability en ace: eptances purchased for forei- gn correspondents ! 125 6 2/33 7 11 6 7 18 4 3 6 7 17 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 2,116 8,724 2,089 3,143 3,035 2,129 6,567 1,472 624 1,381 1,150 4,119 Collateral for F. R. notes: Gold certificate account 410 1,720 450 500 615 340 1,100 280 112 225 180 735 Eligible paper 1 2 1 U. S. Government securities 1.720 7.ICO 1,800 _a,j£o_ -2,450 1.850 5,600 JU2&Q- SI 5 1.9C0 l^QQG___3*5CC Total collateral 2,130 8,820 2,251 3,200 3,067 2,190 6,700 l,54l 627 1,425 1,180 4,235 1/ After deducting $176 million participations of other 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