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 H• *t«X ****** For immediate release April 22, 1965 The average of daily figures of total member hank reserves held during the week ended April 21 increased $kk9 million to $21,734 million. Estimated currency and coin of member banks increased $124 million and their reserve bal ances at the Federal Reserve Banks increased $325 million. Estimated required reserves increased $2^7 million; and estimated excess reserves increased $202 million to $475 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $97 million, compared with the revised net borrowed figure of $124 million-the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $469 million in Federal Reserve float and $175 million in member bank borrowings, and decreases of $84 million in "other" F. R. accounts (net), $34 million in currency in circulation, and $29 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $150 million in U. S. Government securities held under re purchase agreements, $137 in U. S. Government securities bought outright, and $107 million in gold stock. Total Reserve Bank credit increased $347 million. As of Wednesday, April 21, holdings of U. S. Government securities bought outright were $198 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $242 million lower, and member bank borrowings were $78 million lower. Averages of daily j figures Member bank reserves, Week ended Change frcm week ended Wednesday, Reserve Bank credit, Apr. 21, Apr. 14, Apr. 22, Apr. 21, and related items 1965 1965 1964 1965 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright--System account 37,486 -137 +4,436 37,425 Held under repurchase agreements 108 -150 + 108 77 Acceptances-- Bought outright 53 - 1 2 54 Held under repurchase agreements 38 - 11 + 38 36 Discounts and advances— Member bank borrowings 572 +175 + 253 184 Other 17 + 2 + 15 25 Float 1,956 +469 - 210 1,573 Total Reserve Bank credit •507230 7557 +4,637 39,374 Gold stock 14,412 -107 -1,050 14,413 Treasury currency outstanding 5,4o8 + 2 - 168 5,397 60,051 +244 +3,420 59,184 Currency in circulation 39,058 - 34 +2,146 38,983 Treasury cash holdings 761 + 20 + 329 757 Treasury deposits with F. R. Banks 881 - 29 - 17 883 Foreign deposits with P. R. Banks 178 + 20 + 45 152 Other deposits with F. R. Banks 228 + 26 + 41 186 Other F. R. accounts (net) 720 - 84 - 226 712 41,826 - 82 +2,318 41,673 Member bank reserves: With Federal Reserve Banks 18,224 +325 +1,101 17,511 Currency and coin (estimated) 3,510 +124 + 310 3,880 Total reserves held 21,734 +449 +l,4ll 21,391 Required reserves (estimated) 21,259 +247 +1,377 21,305 Excess reserves (estimated) 475 +202 + 34 86 On April 21, I965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,6l8 million, an increase of $8 million for the week and a decrease of $329 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Apr. 21, ""Apr. 14, Apr. 22, 1965 1965 1964 A S S E TS Gold certificate account 12,588 - 6 -1,202 Redemption fund for P. R. notes 1,540 + 3 + 131 Total gold certificate reserves 14,128 - 3 -1,071 "X" Cash (597) 130 + 7 - 54 Discounts and advances 209 - 68 + 61 Acceptances: Bought outright 54 - 1 -- Held under repurchase agreements 36 - 26 36 U. S. Government securities: Bought outright-- Bills 6,8o6 -198 +3,434 Certificates -- __ -3,265 Notes 25,691 -- +4,069 Bonds 4,928 -- + 302 Total "bought outright 37,425 -198 +4,540 Held under repurchase agreements 77 -242 + 77 Total U. S. Government securities 37,502 gi40 +4,617 Total loans and securities 37,801 -535 +4,714 Cash items in process of collection (1/704) 7,086 +546 + 976 Bank premises 103 + 1 -- Other assets 848 + 27 + 212 TOTAL ASSETS (2,301) 60,096 + 43 +4,777 L I A B I L I T I ES Federal Reserve notes (597) 34,188 -163 +2,526 Deposits: Member bank reserves 17,511 -228 +1,227 U. S. Treasurer—general account 883 + 87 - 87 Foreign 152 + 5 + 27 Other (43) 204 + 2 + 27 T orb al depqs it s (43) 18,750 -134 +1,194 Deferred availability cash items (1,661) 5,495 +323 +1,078 Other liabilities and accrued dividends 518 - 9 + 430 TOTAL LIABILITIES (2,301) 58,951 + 17 +5,228 C A P I T AL A C C O U N TS Capital paid in 537 -- + 27 Surplus 524 -- - 466 Other capital accounts 84 + 26 - 12 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,301) 60,096 + 43 +4,777 Ratio of gold certificate reserves to P. R. note liability (computed frcm figures as shown on the following pages—not consolidated) ho.6<f> +.1# - 6.6$ Contingent liability on acceptances purchased for foreign correspondents 1^1 + 4 + 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, APRIL 21, 196^ (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 190 ^7 1,304 -1U5 16 days to 90 days 19 ^3 7,232 -2V7 91 days to 1 year — — 1^9^9 - ^ Over 1 year to 5 years -- -- 12,^09 Over 5 years to 10 years -- -- 1,292 Over 10 years -- — 3l6 . " Total 209 90 37,502 -TOO 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 APRIL 21, 1965 San Total Boston New Phila Cleve Rich Atlanta Chicago St. Minne Kansas Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E TS Gold certificate account 112,588 877 2,815 731 1,005 1,089 716 2,338 466 242 499 292 1,518 Redemption fund for F. R. notes i 1,540 88 350 85 136 125 91 286 62 29 61 50 177 Total gold certificate reserves 114,128 965 3,165 816 1,141 1,214 807 2,624 528 271 560 342 1,695 F. R. notes of other Banks ! 597 : 42 180 35 49 3^ 83 40 25 13 15 30 51 Other cash ! 130 9 30 4 9 9 9 24 7 4 6 5 14 Discounts and advances I 209 6 72 2 7 7 13 65 6 6 10 12 3 Acceptances: Bought outright 54 54 Held under repurchase agreements 36 36 U. S. Government securities: Eought outright— Bills 6,806 34l 1,675 359 557 450 366 1,127 260 149 276 296 950 Certificates Notes 25,691 1,291 6,321 1,356 2,100 1,698 1,383 4,253 982 560 1,C45 1,116 3,586 Bends 4,928 248 1,212 260 403 326 265 816 188 108 200 214 686 Total 37,425 1,680 9,208 1,975 3,060 2,474 2,014 6,196 1,430 817 1,521 1,626 5,224 Held under repurchase agreements 77 77 Total U. S. Government securities : 37,502 1,880 9,285 1,975 3,060 2,474 2,014 6,196 1,430 817 1,521 1,626 5,224 Total loans and securities 37,801 1,886 9,447 1,977 3,067 2,481 2,027 6,26l 1,436 823 1,531 1,638 5,227 Cash items in process of collection 8,790 567 1,730 623 688 621 758 1,397 393 253 514 349 897 Bank premises 103 3 8 3 6 5 20 21 6 4 6 11 10 Other assets 848 4l 214 45 71 49 51 127 31 18 ^8 44 11Q TOTAL ASSETS 62,397 j 3,513 14, ilk 3,503 5,031 4,413 3,755 10,494 2,426 1,386 2,670 2,419 8,013 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL KESERVE BANK CN APRIL 21, 1965 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) L I A B I L I T I ES Federal Reserve notes 3^,785 2,067 8,043 2,057 2,963 2,997 1,976 6,319 1,370 653 1,338 l,C8l 3,919 Deposits: Member hank reserves 17,511 681 4,710 756 1,226 735 979 2,667 625 ^35 805 933 2,959 U.S. Treasurer-general ac; count 883 31 172 68 63 84 75 101 46 46 59 43 95 Foreign 152 6 i/59 7 11 6 8 18 4 3 6 17 Other ! 21+7 * 126 2 2 5 15 5 9 1 16 £ 64 Total deposits 18,793 718 5,067 833 1,302 830 1,077 2,791 684 465 886 965 3,135 Leferred availability cash items 7,156 649 1,226 523 619 499 6c4 1,143 315 210 374 256 736 Other liabilities and accrvl ed dividends 518 25 136 28 46 28 30 75 18 12 22 28 70 TOTAL LIABILITIES 61,252 3,459 14,472 3,441 4,930 4,354 3,669 10,328 2,367 l,36o 2,620 2,352 7,66o CAPITAL ACCOUNTS Capital paid in 1 537 25 142 29 48 27 31 77 18 13 24 32 71 Surplus 524 25 137 29 1 26 3 i 75 18 12 23 3 l 70 Other capital accounts 84 4 23 4 6 14 3 1 12 TOTAL LIABILITIES ANT CAPITAL ACCOUNTS 62,397 3,513 14,77^ 3,503 5,031 4,413 3,755 10,494 2,426_ 1,366 2,670 2,419 8,013 Contingent liability on ace; eptances purchased for forej. gn correspondents 141 7 2/37 8 13 7 8 20 5 3 6 8 19 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 36,683 2,143 8,459 2,135 3,m 3,122 2,137 6,650 1,462 681 1,389 1,154 4,177 Collateral for F. R. notes: Gold certificate account 6,900 420 1,710 465 500 753 400 1,100 290 122 225 18c 735 Eligible paper 6 l 5 U. S. Government securities 31,280 1,765 7,200 i,8cc 2,775 2,4lC 1,650 5,700 1,260 570 1,2CC 1,050 3,7CC Total collateral 38,186 2,185 8,910 2,266 3,275 3,163 2,250 6,8co 1,555 692 1,425 1,230 4,435 * Less thar. $50t,CCC* 2/ After deducting $10^ million participations of other Federal Keserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis