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 R.k.i""" For immediate release April 29, 1965 The average of daily figures of total member 'bank reserves held during the week ended April 28 decreased a net of $295 million to $21,1+23 million. Estimated currency and coin of member tanks increased $152 million and their re serve "balances at the Federal Reserve Banks decreased $1+1+7 millicn. Estimated re quired reserves decreased $39 million; and estimated excess reserves decreased $256 million to $215 millicn. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $130 million, compared with the revised net borrowed figure of $101 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $227 millicn in member bank borrowings, $189 million in Federal Reserve float, $l*+3 million in U. 5. Government securities bought out right, $SC million in U. S. Government securities held under repurchase agreements, and $32 million in acceptances held under repurchase agreements, and increases of $1+7 million in "other" F. R. accounts (net) and $1+0 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $256 million in currency in circulation and $38 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $682 millicn. As of Wednesday, April 28, holdings of U. S. Government securities, bought outright were $192 millicn lower than a week earlier, U. S. Government se curities held under repurchase agreements were $5C million higher, and member bank borrowings were $1^6 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 28, Apr. 21, Apr. 29, Apr. 28, and related items 1965 1965 196J+ 1965 (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bcught outright--System account 37,3^3 -11+3 +^,358 37,233 Held under repurchase agreements 18 - 90 - 83 127 Acceptances-- Bought outright + l + 1 51+ Held under repurchase agreements 6 - 32 - 28 ko Discounts and advances- Member bank borrowings 3*+5 -227 + 210 330 Other 15 - 2 + 13 15 Float 1,767 -189 - 5 1,376 Total Reserve Bank credit 39,5W +i+, 1+65 39,175 Gold stock 1M13 -1,01+9 ll+, Ul3 Treasury currency outstanding 5,i+c6 - 172 5,1+12 59,367 +3,2M+ 59,000 Currency in circulation 38,802 +1,989 38,803 Treasury cash holdings 7kk + 321 750 Treasury deposits with F. R. Banks 921 8 959 Foreign deposits with F- R. Banks 166 + 26 ike Other deposits with F. R. Banks 190 3 192 Other F. R. accounts (net) 767 - 192 7U 517590 +2,13^ 2+17583 Member bank reserves: With Federal Reserve Banks 17,777 -i-1,110 17,416 Currency and coin (estimated) 3,61+6 + 3*+7 l+,029 Total reserves held 21,1+23 +17^57 21,1+1+5 21,208 +1,510 21,25? Required reserves (estimated) Excess reserves (estimated) 215 - 53 186 On April 28, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,691 millicn, an increase of $73 million for the week and a decrease of $ll+9 million from the comparable date Digitized foar FRyAeSaErR ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS X LLVJJL-LCIX C3 / Change since Apr. 28, Apr. 21, Apr. 29, 1965 1965 1964 A S S E TS Gold certificate account 12,607 + 19 -1,183 Redemption fund for F. R. notes 1,537 - 3 + 132 Total gold certificate reserves 14,144 + 16 -1,051 Cash (667) 132 + 2 - 46 Discounts and advances 345 +136 33 Acceptances: Bought outright 5^ -- 1 Held under repurchase agreements 40 + 4 5 U. S. Government securities: Bought outright — Bills 6,614 -192 +3,051 Certificates -.- -- -3,265 Notes 25,691 -- +4,069 Bonds 4,928 — + 302 Total "bought outright 37,233 -192 +4,157 Held under repurchase agreements 127 + 50 + 63 Total U« S. Government securities 37,360 142 +4^220 ; Total loans and securities 37,799 - 2 +4,183 Cash items in process of collection (1,424) 6,232 -854 + 508 Bank premises 102 - 1 1 Other assets 856 + 8 + 252 TOTAL ASSETS (2,091) 59,265 -831 +3,845 L I A B I L I T I ES Federal Reserve notes (667) 34,005 -183 +2,368 Deposits: Member bank reserves 17,4l6 - 95 + 891 U. S. Treasurer--general account 959 + 76 + 7 Foreign 148 - 4 + 8 Other 192 - 12 + 5 Total deposits 18,715 - 35 + 911 Deferred availability cash items (1,^24) 4,856 -639 + 583 Other liabilities and accrued dividends 519 + 1 + 428 TOTAL LIABILITIES (2,091) 587095 ^55" +4,290 C A P I T AL A C C O U N TS Capital paid in 538 + l + 28 Surplus 524 -- - 466 Other capital accounts 108 + 24 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,091) 597255 ^811 +I7B4~5 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) ,2i 6.hi 1° Contingent liability on acceptances purchased for foreign correspondents 139 23 * 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 28, 1965 (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 328 48 1,255 49 16 days to 90 days 17 46 7,15^ 78 91 days to 1 year 14,934 15 Over 1 year to 5 years 12,409 Over 5 years to 10 years 1,292 Over 10 years -- 316 Total ;P3" 95 37,3bO ^1?2 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 1 1 San New Phila Cleve Rich St. Minne Kansas Total Boston. Atlanta Chicago lallas Fran York delphia land mond Louis 1 apolis City cisco (In millions of dollars) A S S E TS Gold certificate account 12,588 877 2,815 731 1,005 1,089 716 2,338 466 242 499 292 1,518 Redemption fund for F. R. notes 1,5^0 88 350 85 136 125 91 286 62 29 61 50 177 Total gold certificate reserves 114,128 965 3,165 816 l,l4l 1,214 807 2,624 528" 271 560 342 1,695 F. R. notes of other Banks 597 42 180 35 49 34 83 4o 25 13 15 30 51 Other cash 130 9 30 4 9 9 9 24 7 4 6 5 14 Disccunts and advances 209 i 6 72 2 7 7 13 65 6 6 10 12 3 Acceptances: Bought outright 5^ _- 54 __ _-. __ -.- -_ --. -_ -- -- --. Held under repurchase agreements 36 i 36 -- -- -- -- -- -- — -- -- __ IK S. Government securities: Bought outright-- Bills 6,806 ! 341 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 l,c45 1,116 3,586 Bends 4,928 248 1,212 260 403 326 265 816 188 108 200 214 688 Total 37,425 1,880 9,2c8 1,975 3,o6o~ 2,474 " 2,0l4~ 6,196" 1,430 8TT" 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,o6o 2,474 2,014 6,196 1,430 817 1,521 1,626 5,224 Total leans and securities 37,801 1,886 9,447 1,977 3,067 2,481 2,027 6,261 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 M 18 38 44 119 . TOTAL ASSETS 62,397 3,513 14,774 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 RESERVE BANK OH APRIL 28, 196^ 1 San New Phila Cleve- Rich St. Minne- Kansas Total Boston Atlanta J 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 34,672 2,060 8,025 2,050 2,952 2,990 1,967 6,296 1,366 652 1,335 1,079 3,900 Deposits: Member bank reserves 17,416 695 4,870 754 1,224 776 883 2,684 631 393 747 853 2,906 U.S. Treasurer-general ac: count 959 33 170 31 58 109 57 177 35 42 60 82 105 Foreign 148 7 1/34 9 14 8 9 22 5 3 7 9 21 Other 192 1 120 * 1 4 1 2 l 1 2 1 58 Total deposits 18,715 736 5,194 794 1,297 897 950 2,885 672 439 816 945 3,090 Deferred availability cash items 6,280 512 1,100 403 501 475 495 1,011 284 189 349 337 624 Other liabilities and accnl ed dividends 519 25 137 28 46 28 30 75 18 12 22 29 69 TOTAL LIABILITIES 60,186 3,333 14,456 3,275 4,796 4,390 3,442 10,267 2,34o 1,292 2,522 2,390 7,683 CAPITAL AGCCUKTS Capital paid in 538 25 142 29 48 27 32 77 18 13 24 32 71 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 108 6 29 6 8 7 5 18 4 2 4 4 15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 61,356 1 3,389 14,764 3,339 4,899 4,450^ 3,510 10,437 2,380 1,319 2,573 2,457 7,839 Contingent liability cn ace:e ptances purchased for forejLg n correspondent s 139 6 2/37 8 12 7 8 20 5 3_ 6 8 32_ FEDERAL RESERVE AGENT'S ACCOUNTS F- R. notes outstanding 36,635 2,137 8,462 2,129 3,167 3,112 2,133 6,64o 1,458 681 1,392 1,163 4,161 Collateral for F. R. notes: Gold certificate account 6,900 420 1,710 465 500 753 4oo 1,100 290 122 225 180 735 Eligible paper 11 4 7 U. S. Government securities 31,280 1,765 7,200 1,800 2,775 2,410 1,850 5,700 1,260 570 1,200 1,050 3,700 Total collateral 38,191 2,185 8,910 2,269 3,275 3,163 2,250 6,800 1,557 692 1,425 1,230 4,435 1/ AfteF~deducting $lI4 million participations of other Federal Reserve Banks. * Less than &00,000, 2/ After deducting $102 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis