H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Afftctiig Bank Rtstrves and Condition Statomont of F.R. Banks For immediate release February 4, 1965 The average of daily figures of total member bank reserves held during the week ended February 3 increased a net of $137 million to $21,397 million-. Estimated currency and coin of member banks decreased $107 million and their reserve balances at the Federal Reserve Banks increased $244 million. Estimated required reserves increased $98 million; and estimated excess reserves increased $39 million to $380 million. Excess reserves exceeded member bank borrowings at the Federal Re serve Banks by $102 million, compared with the revised figure of $138 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $435 million in U. S. Government securities bought outright and $75 million in member bank borrowings, and decreases of $88 million in currency in circulation and $57 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $230 million in Federal Reserve float and $30 million in gold stock, and an increase of $155 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $292 million. As of Wednesday, February 3, holdings of U. S. Government securities ' bought outright were $jkk million higher than a week earlier, U. S. Government securities held under repurchase agreements were $80 million lower, and member bank borrowings were $521 million higher. Averages of daily figures Member bank reserves, Week ended Change from week endedj Wednesday Reserve Bank credit, Feb- 3, Tan. 27, I Feb. 5, I Feb. 3; and related items 1965 1965 1_1?6|L i l£6l '(In millions of dollars) I Reserve Bank credit: U. S. Government securities-- Bought outright-- System account 36,769 +^35 +3,790 37,149 Held under repurchase agreements 107 + 1 + 77 238 Acceptances — Bought outright 58 + 2 8 58 Held under repurchase agreements 56 + Ik 55 63 Discounts and advances — Member bank borrowings 278 + 75 + 36 710 Other 45 - 4 + 10 45 Float 1,611 -230 + 194 1,397 Total Reserve Bank credit 38,923 +292 +4,152 39,660 Gold stock 15,157 - 30 - 355 15,088 Treasury currency outstanding 5,392 + 5 - 195 5,392 597^3 +26T +3,603 60,140 Currency in circulation 38,556 - 88 +2,264 38,605 Treasury cash holdings 669 + 12 + 244 670 Treasury deposits with P. R. Banks 940 - 57 + 181 1,025 Foreign deposits with P. R. Banks 148 - 3 + 17 1 138 Other deposits with F. R. Banks 216 + 3 + 2 211 Other F. R. accounts (net) 1,032 +155 + 72 1,087 WTIS" 41,561 + 23 +2,779 Member bank reserves: With Federal Reserve Banks 17,912 +244 + 823 18,404 Currency and coin (estimated) 3,485 -107 + 354 3,648 Total reserves held 21,397 +137 +1,177 22,052 Required reserves (estimated) 21,017 + 98 +1,163 21,102 Excess reserves (estimated) 380 + 39 + 14 950 On February 3, 1965; U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,979 million, a decrease of $209 million for the w.ek and a decrease of $750 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.h.1(a) CONSOLIDATED STAJEMEHT OF CONDITION OF THE TWELVE FEDEEAL RESERVE BANKS (In millions of dollars) UU-LXCLi O Change since Fet>. 3, Jan. 27, Feb. 5, 1965 1965 1964 A S S E TS Gold certificate account 13,242 75 - 577 Redemption fund for F. R. notes 1,562 + 8 + 151 Total gold certificate reserves - 426 14,804 ~5T 4f • Cash (865) 165 + 6 - 125 Discounts and advances 755 + 521 + 332 Acceptances: Bought outright 58 l 6 Held under repurchase agreements 63 v 60 U. S. Government securities: Bought outright-- Bills 6,687 + 744 +2,835 Certificates -7,066 Notes 25,188 +7,^59 Bonds 5,274 + 629 Total bought outright 3771^9 744 +3,857 Held under repurchase agreements 238 80 + l?5 Total If. S» Government securities HE +47gi2 37T3S7 Total loans and securities 38,263 +1, 186 +4,398 Cash items in process of collection (1,322) 5,817 35 + 417 Bank premises 102 1 Other assets 624 192 + 14 TOTAL ASSETS (2,187) 59,795 +~H I +4,277 L I A B I L I T I ES Federal Reserve notes (865) 33,784 j- 37 +2,522 Deposits: Member bank reserves 18,404 + 584 + 925 U. 3. Treasurer--general account 1,025 + 118 + 390 Foreign 138 + 5 + 1 Other 211 + 17 + 5 Total deposits 19,778 724 +1,321 Deferred availability cash items (1,322) 4,420 + 102 + 298 Other liabilities and accrued dividends 648 + 13 + 568 TOTAL LIABILITIES (2,187) 58,630 + +4,709 Capital paid in ~ ~ 528 + 24 Surplus 524 - 466 Other capital accounts 113 + 22 + 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,187) 59,795 + 898 +4,277 Batio 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) 27.2$ .% - 3.0$ Contingent liability on acceptances purchased for foreign correspondents 122 1 + 30 * 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, F5BRTTAEY 3. 19^5 (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 708 75 1,807 16 days to 90 days v? 46 3,237 + k 91 days to 1 year ~- -- 16,745 +2?6 Oyer 1 year to 5 years ~- -- 13,506 Over 5 years to 10 years __ -- 1,797 Over 10 years ~- -- 295 Total 755 121 37,387 tm Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CCKtlTICK CF EACH FELERAL RESERVE BANK CN FEBRUARY 3, 1965 ban Total Boston New Phila-j Cleve- Rich- | Atlant a iChicago Minne- Kansas Dallas Fran ] York idelphia! land ! mend Louis apclis City cisco (in millions of dollars) A S S E TS Gold certificate account 13,242 ; 756 3,271 727 l,C92 9C2 705 2,176 5C6 275 513 519 1,796 Redemption fund for F. R. notes 1,562 69 349 67 136 137 94 265 63 20 62 51 160 Total gold certificate reserves 14,6C4| 6J7 3,62C 814 1,226 l,C39 799 2,461 5fc9 304 575 1,978 b F. R. notes of other Banks 1 f\ 77 232 6l 72 67 79 72 43 23 14 44 61. Cther cash 11 40 5 16 12 19 29 c 5 10 6 23 1 1651 Tisccunts and advances ! 755! IC 167 7 12 % 13 212 19 44 75 3 117 Acceptances: Eought outright ! f\ __ 56 ~- -.- - - Held under repurchase agreements 6 | 63 "* "* "" "* — — — *"" — ~ — — "" — — — "" — — — 3 U. S. Government securities: i Bought outright-- Bills 6,6&7i 356 1,613 356 546 Ut' $65 1,146 259 132 263 26.I 901 Certificates Notes !5,l66, 1,34c t,C76 1,341 2,063 1,633 1,375 4,316 976 496 992 963 3,393 Bends 5,274- 261 1,273 261 432 36); 286 9C3 2C5 IC'i 2C8 2C6 710 Total I 37,149j 1,977 6,964 1,976 3,043 2,704 2,026 6,365 1, 442 731 1,463 l, 450 5,0C4 Held under repurchase agreements | 236 i 236 Tctal U. S. Government securities 37,387 1,977 9.202 1,976 3,043 2,704 2,026 6 °£c- 1,442 731 1,463 1,450 5.CC4 Total loans and securities 36,263; 1,967 9,51C 1,965 3,055 2,76C 2,041 6 O , ,' C 1 7 7 1 1, 4tl 775 1, 536 1,^53 5,121 Cash items in process of collection 7,139! 493 I, 323 466 521 524 630 1,1C4 323 2C6 437 374 71c Bank premises 1021 3 8 3 6 J 19 21 6 4 6 11 It Cther assets 624, 32 154 33 52 36 35 96 23 13 26 29 TOTAL ASSETS 61,962 3, 4SC 14,667 3,369 4,950 4, 445 3,622 ic,362 2,434 1, 33C 2, CcE 2,467 6,016 1 U Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(c) STATEMENT OF COMMTICN OF EACE FELERAL RESERVE BANK ON FEBRUARY 3, l^Cj ' "" " ' 1 _ oan Total Boston New Phila Cleve- Rich Atlanta Chicago j St. Minne- Kansas Fran York delphia land mond Louis apclis City Lallas 1 cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 3^,649 2,057 8,073 2,036 2,96C 2,971 2,012 6,265 1,364 624 1,328 1,069 3,&70 Eeposits: Member "bank reserves 18,404 785 5,069 786 1,256 834 927 2,794 6€6 428 621 947 3,089 U.S. Treasurer-general ac icount °l 157 82 103 65 116 57 58 64 63 137 Foreign 138' 1/42 7 12 7 8 18 4 3 6 c 17 Other 211. 1 126 1 1 6 1 3 1 1 2 1 67 Total deposits 19,778 657 5,394 852 1,353 950 1,001 2,931 728 490 893 1,019 3,310 referred availability cash Items 5,742 450 944 4ci 476 429 504 901 259 175 306 298 597 Other liabilities and accn led dividends 648 *1 17c 35 5^ 35 37 _ _ ^ 5_ 23 li_ 2£_ 35 66 TOTAL LIABILITIES 60,817 3,395 14,581 3,324 4,846 4,385 3,554 10,192 2,394 l, 304 2,558 2,421 7,863 1 CAPITAL ACCOggTS Capital paid in 528 25 i4o 29 47 26 31 76 18 12 23 31 70 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 113 5 29 7 10 8 6 19 4 2 4 4 15 TOTAL LIABILITIES MI CAPITAL ACCOUNTS 61,962 3,450 2kML. ,3>3SSL. _Jb^50_ JuMi- 3,622 .10,362, 2,434 l.nc 2,6C8 2,48^ 8,018 Contingent liability on ace leptances purchased for forei -gn correspondents 122, 6_. -JhL. I_ ii_ 6_ I_ 17 4_ i_ 6_ L_ 16 FEIERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 36,7^8 j 2,1^5 8,64c 2,110 3A9C 3,090 2,168 6,642 1,1*61 643 1,379 1,149 4,131 Collateral for F. R. notes: Gold certificate account 6,5671 420 1,710 435 500 53c 34c 1,100 28c 112 225 lfic 735 Eligible paper l __ ._ -- - -- -- 17 9l 2 U. S. Government securities 3l,505| 1,-765 7,200 1,800 2,775 2,610 1,900 5,700 1,260 545 1,200 1,050 3,700 Total collateral 38,091 ?,185 8,910 2,237 3,275 3,14C 2,240 6,800 1,557 657 1,425 1,230 4,435 1/ After deducting $96 million participations of other Federal Reserve Banks. 2/ After deducting $90 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis