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 H.4.i"*" For immediate release May 27, 1965 The average of daily figures of total member bank reserves held during the week ended May 26 decreased a net of $78 million to $21 3b^ million. Estimated ; currency and coin of member banks increased $67 million and their reserve balances at the Federal Reserve Banks decreased $145 million. Estimated required reserves decreased $50 million; and estimated excess reserves decreased $28 million to $310 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $173 million, compared with the revised net borrowed figure of $162 mil lion the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $317 million in Federal Reserve float, $105 million in U. S. Government securities held under repurchase agreements, $18 million in gold stock, and $17 million in member bank borrowings, and an increase of $257 mil lion in "other" F. R. accounts (net). The principal offsetting changes were an increase of $2^2 million in U. S. Government securities bought outright, and decreases of $269 million in Treasury deposits with Federal Reserve Banks and $48 million in currency in circulation. Total Reserve Bank credit decreased $187 million. As of Wednesday, May 26, holdings of U. S. Government securities bought outright were $589 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $97 million lower, and member bank borrowings were $57 million lower. Outright holdings of bills, notes, and bonds increased $539 million, $11 million, and $39 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, May 26, May 19, May 27, May 26, and related items 1965 1965 1964 1965 (in millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 37;788 +242 +3; 969 38,135 Held under repurchase agreements 192 -105 + 172 Acceptance s~ Bought outright 50 - 2 + 1 48 Held under repurchase agreements 20 + 11 + 13 24 Discounts and advances— Member bank borrowings 483 - 17 + 275 325 Other 14 - 1 + 13 14 Float 1,598 -317 - 141 1,252 Total Reserve Bank credit 40,146 -187 +4,302 39,952 Gold stock 14,335 - 18 -1,127 14,293 Treasury currency outstanding 5,397 - 10 - 184 5,395 59,878 -215 597F4O +2,991 Currency in circulation 39,047 - 48 +1,924 39,122 Treasury cash holdings 762 -- + 332 "71 Treasury deposits with F.R. Banks 791 -269 - 136 652 Foreign deposits with F. R. Banks 142 + 4 + 11 15o Other deposits with F. R- Banks 172 - 14 2 157 Other F. R. accounts (net) 1,142 +257 - 108 1,281 42,057 —69 +2,022 42,139 Member bank reserves: With Federal Reserve Banks 17,821 -145 + 969 17,501 Currency and coin (estimated) 3,543 + 67 + 281 3,9^2 Total reserves held 21,364 - 78 +1,250 2I7E43 Required reserves (estimated) 21,054 - 50 +1,271 2l,o85 Excess reserves (estimated) 310 - 28 - 21 ?57 On May 26, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,805 million, an increase of $14 million for the yeek and a decrease of $85 mill.ion from the comparable Digitized for FdRaAtSeE Ra year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since May 26, May 19, May 27, 1965 1965 1964 A S S E TS Gold certificate account 12, ^ 6l - 65 -1,303 Redemption fund for F. R. notes 1,5^7 „ + 135 Total gold certificate reserves 11*, CC8 -65 -1,168 Cash (57*0 120 - 1 - 36 Discounts and advances 339 - 58 + 135 Acceptances: Bought outright 48 - 2 -- Held under repurchase agreements 24 + 4 17 U. S- Government securities: Bought outright-- Bills 7,466 +539 +2,987 Certificates -- -- __ Notes 25,702 + 11 + 815 Bonds M67 + 39 + 320 Total bought outright 38,135 +589 +4,122 Eeld under repurchase agreements 154 - 97 + l44 Total U._S. Government securities. 38,289 +492 +4,266 Total loans and securities 38,700 +436 +4,418 Cash items in process of collection (1,473) 5,603 -861 - 384 Bank premises 102 1 Other assets 279 -167 : 93 TOTAL ASSETS (2,047) 58,812 -658 73T5Qg L I A B I L I T I ES Federal Reserve notes (57*0 3^,333 + 22 +2,4co Deposits: Member hank reserves 17,501 +109 +1,011 U. S- Treasurer--general account 652 -285 - 232 Foreign 156 + 1 + 11 Other 157 - 13 - 28 Total deposits 18,466 -188 + 762 Deferred availability cash items (l,VT3) ^351 -523 + 4o6 Other liabilities and accrued dividends 496 + 9 + 385 TOTAL LIABILITIES (2,047) 57,^5 -680 +3,953 C A P I T AL A C C O U N TS Capital paid in ~ 539 — ~> + 27 Surplus 524 -- - 466 Other capital accounts 103 + 22 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,047) 58T812 ^638" +37505 P.a+io of gold certificate reserves to ?. R. note liability (computed from figures as shown on the following pages--not consolidated) 40.1$ ••2$ - 6. Contingent liability on acceptances purchased for foreign correspondents 159 12 F-gures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined "basis on the following pages, MATURITY DISTRIBUTION OF LOANS AMD SECURITIES, MAY 26, 196$ (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.; HL_§'- Gpverntnent securities Discounts and Changes advances Acceptances Holdings during week Within 15 days 319 38 1,189 - 93 16 days to 90 days 20 3^ 7,404 +178 91 days to 1 year -- -- 18,150 +357 Over 1 year to 5 y^ars -- 9,938 + =;G Over 5 years to 10 yearLIt*;D -- 1,292 Over 10 years -- -- 316 Total 339 72 38,289 +492 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OP COHBITICH OP EACH FEDERAL RESERVE BAHK ON MAY 26, 1965 .San New Ffcila~| Cleve Rich- St. Minne Kansas Total Boston Atlanta Chicago| Dallas . Fran York 1 delphiaj land mend Louis apolis City cisco 1 (In millions oif dollars) • .. .T..r — A S S E TS Gold certificate account 12,461 854 2,907 811 1,109 1,117 650 2,313 500 209 505 286 1,200 Redemption fund for F. R. notes 1,5*7 89 345 135 129 89 289 61 30 61 52 181 Total gold certificate reserves | 14,008 943 3,252 897 1,244 1,246 739 2,602 561 239 566 336 1,381 F. R. notes of other Banks 46 175 32 41 38 72 44 24 13 15 32 42 Other cash | 120 9 23 4 8 9 9 24 8 5 6 5 10 e Discounts and advances 1 339^ 28 19 13 17 59 69 .8 18 28 6 66 Acceptances: Bought outright k8 48 — — — — Held under repurchase agreements 2k — 24 — — — — A mm — U* S. Government securities: Bought outright— Bills 7,h66 371 1,878 388 597 490 396 1,252 272 157 294 319 1,052 Certificates Notes 25,702 1,280 6,465 1,335 2,054 1,685 1,362 4,310 938 54o 1,013 1,099 3,621 Bonds ! ^967 247 1,249 258 397 326 263 833 181 104 196 213 7C0 Total 38,135 1,898 9,592 1,981 3,048 2,501 2,021 6,395 1,391 801 1,503 1,631 5,373 Held under repurchase agreements 154 154 Total U. S. Government securities ' 38,289 1,898 9,746 1,981 3,048 2,501 2,021 6,395 1,391 801 1,503 1,631 5,373 Total loans and securities 38,700 1,926 9,837 1,994 3,065 2,509 2,080 6,464 1,399 819 1,531 1,637 5,439 Cash items in process of collection 7,076 478 1,254 439 531 -543 601 1,164 350 218 457 378 663 Bank premises 102 3 8 3 6 5 20 21 6 3 6 11 10 Other assets 279 13 71 14 21 17 15 42 11 7 14 13 4l " • TOTAL ASSETS 60,859 3,418 14,620 3,383 4,916 4,367 3,536 10,361 2,359 1,304 2,595 2,4l4 7,586 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONLITION OF EACH FEDERAL RESERVE BANK OH MAY 26, 1965 -1 ' ' San j New Phila Cleve-j Rich St. | Minne Kansas Total Boston Atlanta Chicago Eallas Fran j York delphia land mond Louis apolis City cisco i (in millions of dollars) L I A B I L I T I ES Federal Reserve notes 34,907 2,075 8,044 2,064 2,971 3,017 1,979 6,344 1,367 659 1,350 1,084 3,953 Leposits: Member "bank reserves 17,501 737 4,950 775 1,265 755 920 2,725 629 392 772 890 2,691 U.S. Treasurer-general ac count 652 60 57 69 73 66 40 63 31 24 60 30 79 Foreign 156 7 1/41 9 14 8 9 22 5 4 7 9 21 Other . 157 1 100 * 1 3 11 # 1 1 46 Total deposits 18,466 805 5,1^8 853 1,353 832 970 2,811 665 420 842 930 2,837 Deferred availability cash items 5,824 459 989 376 447 431 491 964 269 187 331 307 573 Other liabilities and accrvl ed dividends 496 24 131 27 43 27 28 73 18 11 21 26 67 TOTAL LIABILITIES 59.693 3.363 14,312 3,320 4,814 4,307 3,468 10,192 2,319 1,277 2,544 2,347 7,430 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 2 l 3 i 70 Other capital accounts 103 5 29 5 7 7 5 17 4 2 14 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 60,859 3,418 14,620 3,383 4,916 4,367 3,536 10,361 2,359 1,304 2,595 2,4l4 7,586 Contingent liability on ace: eptances purchased for forei- gn c orre spondent s 159 8 2/42 9 14 8 9 23 5 4 7 9 21 FEDERAL RESERVE AGENT'S ACCOUNTS F- R. notes outstanding 36,854 2,153 8,433 2,147 3,166 3,150 2,135 6,723 1,455 690 1,403 1,191 4,208 Collateral for F. R. notes: Gold certificate account 6,920 420 1,710 465 500 773 4oo 1,100 290 122 225 180 735 Eligible paper 11 3 8 U. S. Government security. es ! 31,290 1,765 7,200 1,800 2,775 2,410 1,850 5.700 1.260 580 1.200 1,050 3,700 ,. Total collateral 38,221 2,185 8,910 2,268 3,275 3,183 2,250 6,800 1,558 702 1,425 1,230 4,435 1/ After deducting $115 million participations of other Federal Reserve Banks * Less than $500, COC 2/ After deducting $117 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis