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.Wl"" For immediate release May 6, 1965 The average of daily figures of total member hank reserves held during the week ended May 5 increased a net of $391 million to $21,792 million. Estimated currency and coin of member banks decreased $185 million and their reserve balances at the Federal Reserve Banks increased $576 million. Estimated required reserves increased $248 million; and estimated excess reserves increased $1^3 million to $379 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $99 million, compared with the revised net borrowed figure of $109 mil lion the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $375 million in U. S. Government securities held under repurchase agreements, $158 million in U. S. Government securities bought outright, $133 million in member bank borrowings, and $48 million in acceptances held under repurchase agreements, and a decrease'of $84 million in Treasury deposits with Federal Reserve Banks, The principal offsetting changes were a decrease of $126 million in Federal Reserve float and an increase of $60 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $589 million. As of Wednesday, May 5, holdings of U* S. Government securities bought outright were $339 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $559 million higher, and member bank borrow ings were $37 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, May 5, Apr. 28, May 6, May 5, and related items 1965 1965 1964 1965 (in millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 37,501 +158 +3,921 37,572 Held under repurchase agreements 393 +375 + 210 686 Acceptances-- Bought outright 54 + 1 54 Held under repurchase agreements 54 + 48 + 13 65 Discounts and advances-- Member bank borrowings 478 +133 + 267 367 Other 16 + 1 + 14 15 Float 1,641 -126 - 12 1,446 Total Reserve Bank credit So,137 +359 +TJ74T3 40,205 Gold stock l4,4ll - 2 -1,052 14,413 Treasury currency outstanding 5,411 + 5 - 171 5,414 59,960 +593 +3,192 60,032 Currency in circulation 38,819 17 +1,909 38,979 Treasury cash holdings 754 10 + 328 764 Treasury deposits with F. R. Banks 837 84 - 51 633 Foreign deposits with F.R. Banks 164 2 + 8 153 Other deposits with F.R. Banks 205 15 + 17 186 Other F. R. accounts (net) 827 60 - 127 829 41,607 + 17 +2,085 41,544 Member bank reserves: With Federal Reserve Banks 18,353 +576 +1,106 18,488 Currency and coin (estimated) 3,439 -185 + 409 3,558 Total reserves held 21,792 +391 +1,515 22,046 Required reserves (estimated) 21,413 +248 +1,425 21,450 Excess reserves (estimated) 379 +143 + 90 596 On May 5, 1965, U. S. Govrnment securities held in custody by the Federal Reserve Banks for foreign account were $7,673 million, a decrease of $18 million for the week and a decrease of yl45 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 STATEMSET OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since May 5, Apr . 28, May 6, 1965 1965 l<?64 A S S E TS Gold certificate account 12,607 -- -1,178 Redemption fund for F. R. notes 1,533 - 4 + 128 Total gold certificate reserves l4,l40 - 4 -1,050 Cash (613) 123 - 9 - 57 Discounts and advances 382 + 37 + 135 Acceptances * Bought outright 54 -- + 2 Held under repurchase agreements 65 25 + 29 U. S. Government securities: Bought outright— Bills 6,953 + 339 +2,559 Certificates -.- -- -3,265 Notes 25,691 -- +4,069 Bonds 4,928 -- + 302 Total bought outright 37,572 + 339 +3,665 Held under repurchase agreements 686 -f 559 + 364 Total U. S. Government securities 38,258 + jge +4,029 Total loans and securities^ 38,759 + 960 +4,195 Cash items in process of collection (1,397) 6,191 - 4l + 610 Bank premises 102 -- l Other assets 789 - 67 + 117 TOTAL ASSETS (2,010) 60,104 + 839 +3,814 L I A B I L I T I ES Federal Reserve notes (613) 34,179 + 174 +2,356 Deposits: Member bank reserves 18,1*88 +1 ,072 +1,033 U. S. Treasurer--general account 633 - 326 - 152 Foreign 153 + 5 + 16 Other 186 - 6 + 11 Total deposits 19,560 + 745 + 908 Deferred availability cash items (1,397) 4,7^5 - ill + 567 Other liabilities and accrued dividends 526 + 7 + 423 TOTAL LIABILITIES (2,010) 58,910 + 815 +4,254 C A P I T AL A C C O U N TS Capital paid in 539 1 + 28 Surplus 32k -- - 466 Other capital accounts 131 + 23 2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,010) 60,104 + J39 +3,8l4 Ratio of gold certificate reserves to F. R, note liability (computed from figures as shown on the following pages—not consolidated) ho. 6% - 6.1 Contingent liability on acceptances purchased for foreign correspondents 138 - 1 + 21 * 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, MAY 5, 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 33664^ 7733 55,,880033 +^,5^8 16 days to 90 days 1188 4k66 33,,338822 ~3>772 91 days to 1 year -- — 15,056 + 122 15,056 Over 1 year to 5 years 12,409 Over 5 years to 10 yeairrss 1,292 Over 10 years 316 Total 3S2 119 387258" •B95 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONEITICK OF EACH FEDERAL RESERVE BANK ON MAY 5, 1965 1 San | Total Boston New Phila Cleve Rich Atlanta 1 Chicago St. Minne- Kansas Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E TS Geld certificate account 12,607 822 2,533 844 1,143 1,183 724 2,340 530 211 502 285 1,490 Redemption fund for F. R. notes 1,533 88 348 85 135 122 91 285 61 29 61 51 177 Total gold certificate reserves 14,140 910 2,881 929 1,278 1,305 2,62T~ 591 240 563 336 1,667 F. R. notes of other Banks 613 51 176 40 53 34 89 45 23 13 12 33 44 Other cash 123 9 25 4 8 9 9 23 6 4 6 5 13 Discounts and advances 382 55 69 5 43 17 4l 76 8 18 35 6 9 Acceptances: Bought outright 54 — 54 Held under repurchase agreements 65 1 65 — — -- U. S. Government securities; Bought outright— Bills 6,953 346 1,749 361 556 456 368 1,166 254 146 274 297 960 Certificates -- -- -- -- -- -- -- -- -- -- -- -- -- Notes 25,691 | 1,279 6,462 1,334 2,053 1,685 1,362 4,306 937 540 1,013 1,099 3,619 Bonds 4,928 245 1,239 256 394 323 261 827 18c io4 194 211 694 Total 37,572 1/870 9,450 1,951 3,003 2,464 1,991 6,301 1,371 790 1,461 1,607 5,293 Held under repurchase agreements 686 -- 686 -- — -- -- -- -- — -- -- -- Total U. S. Government securities 38,256 1,870 10,136 1,951 3,003 2,464 1,991 6,301 1,371 790 1,481 1,607 5,293 Total loans and securities 38,759 1,925 10,324 1,956 3,046 2,481 2,032 6,377 1,379 ece 1,516 1,613 5,302 Cash items in process of collection 7,588 536 1,302 450 595 569 647 1,24c 367 245 46c 371 8C6 Bank premises 102 3 e 3 6 5 20 21 6 3 6 11 10 Other assets 789 38 201 4l 66 46 43 122 29 18 35 38 112 TOTAL ASSETS 62,114 3,472 14,917 3,423 5,052 4,449 3,655 10,453 2,403 1,331 2,598 2,407 7,954 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 MAY 5, I965 l San Total Boston New Phila Cleve Rich- ! A tlanta Chicago St. Minne Kansas Dallas ! Fran York delphia land mond i Louis apolis City cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 34,792 2,065 8,038 2,052 2,958 3,006 1,986 6,317 1,371 654 1,345 1,079 3,921 Deposits: Member "bank reserves 18,488 739 5,200 837 1,375 819 1,021 2,797 645 393 784 884 2,994 U.S. Treasurer-general ac: count 633 69 110 34 28 68 30 58 36 42 48 31 79 Foreign 153 7 i/43 8 13 8 9 21 5 3 7 9 20 Other 186 1 114 1 1 5 1 2 1 4 2 1 53 Total deposits 19,460 816 5,467 880 1,417 900 1,061 2,878 687 442 841 925 3,146 Deferred availability cash items 6,l42 510 957 397 526 455 509 1,006 286 195 338 306 657 Other liabilities and accn.l ed dividends 526 25 140 29 46 27 30 78 18 12 22 29 70 TOTAL LIABILITIES 60,920 3,416 14,602 3,358 4,947 4,388 3,586 10,279 2,362 1,303 2,546 2,339 7,794 CAPITAL ACCOUNTS Capital paid in 539 25 142 29 48 27 32 77 18 13 24 32 72 Surplus 524 25 137 29 47 26 31 75 18 12 31 70 23 Other capital accounts 131 6 ^6 7 10 8 6 22 5_ 3_ 5_ 5__ 18 TOTAL LIABILITIES ANT CAPITAL ACCOUNTS 62,114 ..%kiz . 14,,917... 3,423._ 5,052.. 4.449 -3a_65_5_ 10,453 2,403 1,331^ .2,598...— £,, 407 7,954 , Contingent liability on ace: ept~ ances purchased for forejL gn correspondents 138 6 2/36 8 12 7 8 20 5 3 6 8 19 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 36,660 2,146 8,448 2,122 3,170 3,125 2,133 6,666 686 1,395 1,171 4,144 Collateral for F- R. notes: Gold certificate account 6,900 420 1,710 465 500 753 400 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/ After deducting $L10 million participations of other Federal Reserve Banks, 2/ After deducting $L02 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis