H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Affecting Bonk Reserves and Condition Statement of F.R. Banks For immediate release February 11, 1965 The average of daily figures of total member bank reserves held during the week ended February 10 decreased a net of $115 million to $21,289 million. Estimated currency and coin of member banks decreased $263 million and their reserve balances at the Federal Reserve Banks increased $148 million. Estimated required reserves decreased $223 million; and estimated excess reserves increased $108 mil lion to $492 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $20 million, compared with the revised figure of $106 mil lion the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $36^ million in U. 3. Government securities bought outright and $32 million in those held under repurchase agreements and $19^ million in member bank borrowings. The principal offsetting changes were decreases of $139 million in Federal Reserve float and $112 million in gold stock, and increases of $126 million in "other" F. R. accounts (net) and $85 million in currency in circu lation. Total Reserve Bank credit increased $46l million. As of Wednesday, February 10, holdings of U. S. Government securities bought outright were $16 million lower than a week earlier, U. S. Government securi ties held under repurchase agreements were $129 million lower, and member bank borrowings were $611 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Feb. 10, Feb -3 Feb. 12, Feb. 10, and related items 1965 1965 1964 1965 Tin millions of dollars) Reserve Bank creidt: U. S. Goverrjuent securities-- Bought outright--System account 37,133 +364 +3,919 37,133 ®el& under repurchase agreements 139 + 32 + 78 109 Acceptances-- Bought outright 59 + 1 5 58 Held under repurchase agreements 64 + 8 + 62 73 Discounts and advances— 99 Member bank borrowings 472 +195 + 105 Other 55 + 40 45 Float -139 - 24 1,3^9 Total Reserve Bank credit 39,385 +56T +4,176' W^(Z Gold stock 15,01*5 -112 - 453 14,938 Treasury currency outstanding _5i.39l - 1 - 195 59,820 +347 +3,528 5,396 59,200 Currency in circulation 38,641 + 85 +2,179 38,761 Treasury cash holdings 679 + 10 + 255 692 Treasury deposits with F. R. Banks 924 - 16 - 54 907 Foreign deposits with F. R. Banks 152 + 4 + 1 153 Other deposits with F. R. Banks 207 - 9 + 7 192 Other F.R. accounts (net) 1A58 +126 + 197 1,170 51,761 +200 +2,585 i 517865" Member bank reserves: With Federal Reserve Banks 18,060 +148 + 944 17,335 Currency and coin (estimated) 3,229 -263 + 167 3,625 Total reserves held 21,289 -115 +1,111 20,950 Required reserves (estimated) 20,797 -223 +1,021 20,786 Excess reserves (estimated) ^92 +108 + 90 174 On February 10, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,956 million, a decrease of $33 million for the week and a decrease of $831 million from the comparable Digitized fdora FtReA SaER year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STSTISHEIHT OF CCNTITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Feb. 10, Feb. 3, Feb. 12, 1965 1965 1964 A S S E TS Gold certificate account 13,092 - 150 - 677 Redemption fund for F. R. notes 1,554 8 + 147 Total gold certificate reserves 14,646 - 158 - 530 •X* Cash (760) 172 - 13 - 130 Discounts and advances 144 - 6ll - 237 Acceptances: Bought outright 58 6 Held under repurchase agreements 73 + 10 + 71 U. S. Government securities: Bought outright~- Bills 6,671 - 16 +2,932 Certificates -7,066 Notes 25,188 +7,^59 Bonds 5,274 + 629 Total bought outright 37,133 - 16 +3,954 Held under repurchase agreements 109 - 129 + 50 Total U. S. Government securities 37,242 - 145 +4^004 Total loans and securities 37,517 - Jh6 +3,832 Cash items in process of collection (1,168) 5,648 - 169 + 68 Bank premises 102 Other assets 564 - 60 - 68 TOTAL ASSETS (1,928) 5B7B4"9 -1,146 +3,172 L I A B I L I T I ES Federal Reserve notes (760) 33,937 + 153 +2,528 Deposits: Member bank reserves 17,335 -1,069 + 57^ U. S. Treasurer—general account 907 - 118 - 35 Foreign 1V3 + 5 +6 Other 192 z 12. - 1^5 Total deposits 18,577 -1,201 + 400 Deferred availability cash items (l,l68) 4,299 - 121 + 77 Other liabilities and accrued dividends 645 2 3 + 562 TOTAL LIABILITIES (1,928) 57,458 -1,172 +3,567 C A P I T AL A C C O U N TS Capital paid in 529 + 1 + 25 Surplus 524 -- - 466 Other capital accounts 138 + 25 + 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,928) 58,649 -l,lh6 +3,172 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) 27-5$ + •jf> - 2.5$ Contingent liability on acceptances purchased for foreign correspondents 120 - 2 + 27 * 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, FEBRUARY 10, 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 9988 8833 11,,666644 ~l43 16 days to 90 days 4466 4488 33,,224466 + 9 91 days to 1 year ---- ----. 1166,,7733^4 - 11 Over 1 year to 5 years -- 13,506 Over 5 years to 10 yeaLrrss -- 1,797 Over 10 years -- -«. _ _2^9_5 Total IiWro 113311 3377,,22442 2 ^145 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H -4.1(b) •-STATEMENT OF CONDITION, OF, EACH FEDERAL RESERVE BANK ON FEBRUARY 10, 1965 New Phila Cleve Rich i i q+ Minne Kansas Total IBoston York delphia land mond Atlanta I Chica e go I 1 LTo u . xs apolis City Dallas Fran cisco (In millions of dollars) A S S E TS Gold certificate account 13,092! 836 2,886 692 991 915 721 2,323 558 260 616 556 1,738 Redemption fund for F. R. notes 88 349 86 136 135 93 284 62 28 62 51 180 Total gold certificate reserves 14,646i 924 3,235 778 1,127 1,050 814 2,607 620 288 678 607 1,918 F- R. notes of other Banks 760 71 217 49 68 58 73 57 36 17 15 40 59 Other cash 172 17 29 8 6 9 6 21 10 36 5 14 11 Discounts and advances 144! 11 33 17 18 Acceptances: 6 17 4 8 15 Bought outright 58 Held under repurchase agreements 73 58 U. S. Government securities: 73 Bought outright— 1 Bills I 6,671 355 1,617 360 550 474 375 1,132 246 135 263 260 904 Certificates Notes 25,188 1,3^2 6,103 1,358 2,077 1,791 1,^15 4,273 930 512 992 983 3,412 Bonds 5,274 281 1,278 284 *35 375 296 895 195 107 207 2C6 715 Total 37,133 . 1,978 8,998 2,002 3,062 2,64o 2,086 6,300 1,371 75^ 1,462 1,449 5,031 Held under repurchase agreements .. 109 - — 109 t— .«»—•_ — -•— Total U. S. Government securities 37,242 1,978 9,107 2,002 3,062 2,64o 2,086 6,300 1,371 754 1,462 1,449 5,031 r Total loans and securities 37,517 1,984 9,255 2,006 3,070 2,655 2,097 6,333 1,378 756 1,479 1,467 5,037 Cash items in process of collection 6,816 470 1,215 449 485 517 592 1,104 350 214 409 340 671 Bank premises 102 3 8 3 6 5 19 21 6 4 6 11 10 Other assets 564 29 139 30 46 36 32 89 21 12 25 24 81 TOTAL ASSETS 60,577 3,491 14,105 3,320 4,816 4,332 3,644 10,240 2,419 1,297 2,621 2,495 7,797 ..- r —i 1—- ,— Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.k.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 10, 1965 San New Phila-! Cleve-1 Rich- St, Minne-* Kansas' ,, Total ^Boston Atlanta j Chicago Fran York idelphia' land mond Louis ! apolis i* C.it,y iDallas r + r cisco i I (In millions "of dollars) L I A B I L I T I ES Federal Reserve notes 3^,697 2,058 8,085 2,036 2,956 2,971 2,012 6,283 1,383 626 1,331 1,070 3,881 Deposits: Member "bank reserves 17,335 82<o< 4,349 745 1,202 791 968 2,685 64l 407 848 968 2,905 U.S. Treasurer-general account 907 152 51 53 43 74 97 50 56 65 79 120 w J Foreign 6 l/44 7 12 7 8 19 5 3 A 18 Other 192 * 118 1 2 6 1 4 1 l 2 1 55 Total deposits 18,577 : 899 4,663 804 1,269 847 1,051 2,805 697 — 4 5 7— 921 "1,056 3,0-98" Deferred availability cash items 5,467 446 876 379 428 419 474 878 275 162 289 267 574 Other liabilities and accrued dividends 645 > .—..31.. 169 35 57 33 38 95 23 15 28 35 86 TOTAL LIABILITIES i 59,386 • 3,434 13,793 3,254 4,710 4,270 3,575 10,066 2,378 1,270 2,569 2,428 7,639 CAPITAL ACCOUNT'S Capital paid in 529 25 140 29 47 26 31 76 18 12 24 31 70 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 138 7 35 12 10 7 23 5 3 5 5 18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ^0,577 , 3,491 14,105 3,320 4,8l6 4,332 3,644 10,240 2,419 1,297 2,621 2,495 7,797 Contingent liability on accept ances purchased for foreign c orrespondent s 120 2/32 11 6 7 17 7 lb FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 36,639V 2,141 8,613 2,105 3,lol 3,083 2,160 6,624 1,459 T4T 1,371 1,150 4,ic6" Collateral for F. R. notes: Gold certificate account i O,5o7 ] 420 1,710 435 500 530 340 1,ice 280 112 225 180 735 Eligible paper 1 _- __ __ .. 5 U. S- Government securities 1 31,480 ; 1,765 7,200 i,8C0 2,775 2,585 1,900 5,700 1,260 545 1,200 1,050 3,70Q. Total collateral 38,053! 2,185 8,910 2,236 3,275 3,H5 2,240 6,8co 1,545 657 1,425 1,23c 4,435 1/ After deducting $ 99 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $88 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis