H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Foctors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release December 17, 196^ The average of daily figures of total member bank reserves held during the week ended December 16 increased a net of $196 million to $21,3^2 million. Esti mated currency and coin of member banks increased $304 million and their reserve balances at the Federal Reserve Eanks decreased $108 million. Estimated required reserves increased $1^3 million; and estimated excess reserves increased $53 million to $3^-8 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $2l4 million, compared with the revised figure of $173 million the week before. The principal changes reducing average reserve balances with Federal Reseive Banks were increases of $267 million in currency in circulation and $151 mil lion in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $134 million in Federal Reserve float, and decreases of $125 million in "other" F. R. accounts (net) and §kk million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $152 million. As of Wednesday, December 16, holdings of U. S. Government securities bought outright were $132 million lower than a week earlier, U. S. Government secu rities held under repurchase agreements were $374 million higher, and member bank borrowings were $54 million lower. AveraEe s of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Dec. l6, Dec. 9, Dec. 18, Dec. 16, and related items 1964 1964 1963 1964 (Ir1 millions oi' dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 37,020 -315 +3,438 36,907 Held under repurchase agreements 315 +315 + 232 374 Acceptances-- Bought outright 50 + 2 2 51 Held under repurchase agreements -- - 23 17 -- Discounts and advances- Member bank borrowings 134 + 12 - 138 190 Other 28 + 26 7 37 Float 2,084 +134 - 387 2,434 Total Reserve Bank credit 39,632 +152 +3,125 39,993 Gold stock 15,388 + 1 - 194 15,388 Treasury currency outstanding 5,402 + 2 - 180 5,408 60,421 +153 +2,749 So7f89 Currency in circulation 39,743 +267 +2,122 39,839 Treasury cash holdings 593 + 22 + 201 602 Treasury deposits with F.R. Banks 1,024 +151 + 117 1,070 Foreign deposits with F. R. Banks 142 - 44 - 16 121 Other deposits with F. R. Banks 176 - 10 - 20 175 Other F. R. accounts (net) 1,106 -125 - 88 1,048 "4~27T84" +26*1 +2,316 W^55 Member bank reserves: With Federal Reserve Banks 17,637 -108 + 433 17,933 Currency and coin (estimated) 3,705 +304 + 229 4,058 Total reserves held 21,342 +196 + 662 21,991 Required reserves (estimated) 20,994 +143 + 806 21,487 Excess reserves (estimated) 348 + 53 - 144 504 On December 16, 1964, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,368 million, an increase of $33 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 CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since ]D ec. l6, Dec. 9, Dec- 18, 1964 1964 1963 A S S E TS Gold certificate account 13,519 - 17 - 385 Redemption fund for P. R. notes 1,560 + 13 + 164 Total gold certificate reserves * 15,079 k - 221 Cash (458) 118 + 7 - 73 Discounts and advances 227 - 19 • 80 Acceptances: Bought outright 51 + 2 1 Held under repurchase agreements -- 9 32 U. S. Government securities: Bought outright-- Bills 6,445 • 132 +2,333 Certificates -- -- -7,c66 Notes 25,188 -- +7,459 Bonds 5,274 -- + 629 Total bought outright 36,907 - 132 +3,355 Held under repurchase agreements 374 + 374 + 194 Total U. S. Government securities 37,281 + 2^2 +3,5~49 Total loans and securities 37,559 + 216 +3,436 Cash items in process of collection (1,623) 7,892 +2,190 + 200 Bank premises 1C2 -- 1 Other assets 605 + 21 + 291 TOTAL ASSETS (2,c8l) 61,355 +2,430 +3,632 L I A B I L I T I ES Federal Reserve notes (458) 34,8^3 + 132 +2,399 Deposits: Member bank reserves 17,933 +1,159 + 485 U. S. Treasurer--general account 1,070 - k8 + 143 Foreign 121 - 27 - 37 Other 175 8 - 23 Total deposits 19,299 +1,076 + 568 Deferred availability cash items (1,623) 5,458 +1,290 + 534 Other liabilities and accrued dividends 136 + 2 + 4l TOTAL LIABILITIES (2,C8l) 59,736 +2,500 +3,542 C A P I T AL A C C O U N TS Capital paid & 522 -- + 28 Surplus 990 -- + 56 Other capital accounts 107 - 70 + 6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,081) 61,355 +2,k30 +3,632 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) 27.6$ -7$ - 2.1$ Contingent liability en acceptances purchased for foreign correspondents 12^ -- + 27 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis en the following pages* MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 16, 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 193 6 1,232 +613 16 days to 90 days 34 1+5 3,574 -225 91 days to 1 year 16,877 -146 Over 1 year to 5 years 13,506 +336 Over 5 years to 10 years 1,797 -336 Over 10 years -- 295 -- Total 227 51 37,281 +242 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT CF CONDITION CF EACH FEDERAL RESERVE BANK CN DECEMBER l6, 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) A S S E TS Gold certificate account 13,519 775 3,029 689 1,090 962 HI 2,482 53? 279 657 560 1,744 Redemption fund for F. R. notes 1,560 88 356 86 137 225. _25_ 282 ...62_ 28 _6_3_ -5JL 177 Total gold certificate reserves 15,079 863 3,385 775 1,227 1,097 812 2,764 597 307 720 611 1,921 F. R. notes of other Banks 458 26 173 17 20 30 38 35 it 19 14 24 46 Other cash 118 5 26 3 7 10 11 21 4 4 4 18 Discounts and advances 227 37 8 131 8 15 Acceptances: Bought outright 51 51 U- S. Government securities: Bought outright-- Bills 6,445 342 1,548 350 544 459 368 1,082 250 124 242 258 878 Certificates Notes 25,188 1,337 6,052 1,368 2,127 1,792 1,438 4,228 977 486 945 1,009 3,42° Bonds 5,274 ' 280 1,267 287 445 375 301 886 20^ 102 197 211 7l6__ Total 36,907 I1 ,959 8,867 2,005 3,116 2,626 2,107 6,196 1,432 712 1,384 1,478 5,025 Held under repurchase agreements 374 374 Total U. S. Government securities 37,281 •1 ,959 9,24i 2,005 3,116 _2,J§£_ 2,107 6,196 1^32. 712 1.384 1.478 5.025 Total loans and securities 37,559 1,966 9,329 2,008 3,119 2,63c 2,115 6,327 1,433 7l6 1,392 1,484 5,o4o Cash items in process of collection 9,515 598 1,736 511 721 713 752 1,837 445 289 581 443 88° Bank premises 102 3 8 3 6 5 18 22 6 4 6 11 1C Other assets 605 30 155 34 _54 34 34 90 22 _13_ _2J_ 31 81 TOTAL ASSETS 63,436 3,491 14,812 3,351 5,154 4,519 3,780 11,096 2,524 i,3c2 2,744 2,6c6 8,005 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 16, 1964 San Total Boston New Phila Cleve Rich Atlanta Chicago St. Minne Kansas Dallas Fran York delphia land mond Louis apolis City cisco (In millions3 of dol]La rs) L I A B I L I T I ES Federal Reserve notes 35,301 2,080 8,268 2,069 3,010 3,C05 2,077 6,372 1,412 619 1,351 1,081 3,957 Deposits: Member hank reserves :IT,933 720 4,689 692 1,274 778 998 2,876 666 419 866 1,C02 2,953 U.S. Treasurer-general account 1,070 72 135 73 97 96 51 138 66 63 92 70 117 Foreign 121 5 i/4o 6 10 5 6 16 4 3 5 6 15 Other | 175 * 99 2 l 6 1 2 l * 4 2 57 Total deposits 19,299 797 4,963 773 1,382 885 1,056 3,032 737 485 967 1,080 3,142 Deferred availability cash items 7,081 531 1,120 412 6c6 539 545 1,437 314 208 350 348 671 Other liabilities and accrued n dividends 136 6 36 7 8 7 24 5 3 5 6 18 TOTAL LIABILITIES 61,817 3,4l4 14,387 3,261 5,009 4,437 3,685 10,865 2,468 1,315 2,673 2,515 7,788 CAPITAL ACCOUNTS Capital paid in 522 25 137 29 47 26 31 74 18 12 23 30 70 Surplus 990 47 264 55 90 49 56 l4o 34 23 43 57 132 Other capital accounts 107 5 24 6 8 7 8 17 4 2 5 6 15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 63,436 3,491 14,812 3,351 5,154 4,519 3,780 11,096 2,524 1,352 2,744 2,608 8.005 Contingent liability on accept ances purchased for foreign c orre spcndent s 124 6 2/33L. J_ 11 6 7_ 18 4 3_ 5_ I__ 17 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 36,965 2,124 8,750 2,125 3,209 3,093 2,180 6,636 1,473 638 1,400 1,164 4,173 Collateral for F. R. notes: Gold certificate account 6,667 410 1,730 440 500 615 340 1,100 280 112 225 180 735 Eligible paper 3 1 2 U- S. Government securities 31,385 - 1,745 7,2C0 1,800 2,775 2,520 1,900 5,7C0 1,260 535 1,200 1,050 3,7CO Total collateral 38,055 2,155 8,930 2,241 3,275 3,137 2,240 6,8co 1,540 647 1,425 1,230 4,435 1/ After deducting $8l million participations ofo ther Federal Reserve Banks, * Less than $500,000. 2/ After deducting $91 million participations ofo ther Federal Reserve Eankc Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis