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.4.1 For immediate release June 10, 1965 The average of daily figures of total member bank reserves held during the week ended June 9 decreased a net of $32 million to $21,387 million. Estimated currency and coin of member banks decreased $57 million and their reserve balances at the Federal Reserve Banks increased $25 million. Estimated required reserves decreased $1*0 million; and estimated excess reserves increased $8 million to $339 million• Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $135 million, compared with the revised net borrowed figure of $187 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $119 million in U. S. Government securities held under repurchase agreements, $110 million in Federal Reserve float, and $53 million in U. S. Government securities bought outright * The principal offsetting changes were a decrease of $44 million in member bank borrowings and an increase of $235 million in currency in circulation. Total Reserve Bank credit increased $234 million. As of Wednesday, June 9, holdings of U. S. Government securities bought outright were $64 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $242 million lower, and member bank borrowings were $290 million higher. Outright holdings of bills decreased $114 million; notes and bonds increased $13 million and $37 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 97 June 2, June 10, June 9, and related items 1965 1965 1964 1965 (In millions of dollars J Reserve Bank credit: U. S. Government securities- Bought outright-- System account 38,515 + 53 +3,9^5 38,440 Held under repurchase agreements 374 +119 + l47 101 Acceptances-- Bought outright 45 - 4 3 43 Held under repurchase agreements 22 - 7 10 19 Discounts and advances-- Member bank borrowings 474 - 44 + 185 505 Other 20 + 6 + 20 13 Float 1,556 +110 + 85 1, 326 Total Reserve Bank credit 41,006 +235 +4,409 40,447 Gold stock 14,293 + 1 -l,l69 14,293 Treasury currency outstanding >394 - 5 - 196 5,385 60,692 +229 +3;043 60,125 Currency in circulation 39,^72 +235 +1,985 39,565 Treasury cash holdings 765 + 3 + 329 773 Treasury deposits with F.R. Banks 840 - 16 - 65 981 Foreign deposits with F.R. Banks 127 - 15 8 i 142 Other deposits with F. R. Banks 178 - 12 21 ! 171 Other P. R. accounts (net) 1,203 + 8 - IS ! 1,282 42,675 +204 +2,204 42,914 Member bank reserves: With Federal Reserve Banks 18,017 + 25 + 838 17,211 Currency and coin (estimated) 3,370 - 57 + 363 3,746 Total reserves held 21,387 - 32 +1,201 20", 957 Required reserves (estimated) 21,048 - ko +1,191 21,029 Excess reserves (estimated) 339 + 8 + 10 -72 On June 9, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7>6>53 million, a decrease of $58 million for the week and a decrease of $284 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. h. 1(a) CONSOLIDATED STATEMENT CF CONDITION CF THE TWELVE FEDEEAL RESERVE BANKS (in millions of dollars) Change since June 9, June 2, June 10, 1965 1965 1964 A S S E TS Gold certificate account 12,468 - 8 -1,286 Redemption fund for F. R« notes 1,551 + 5 + 129 Total gold certificate reserves 14,019 - 3 -1,157 Cash (501) 116 + 2 - 24 Discounts and advances 518 +290 + 184 Acceptances: Bought outright 43 - 2 5 Held under repurchase agreements 19 - 5 12 U. S- Government securities: Bought outright— Mils 7,625 -111* +2,709 Certificates Notes 25,730 + 13 + 818 Bonds 5,085 + 37 4- 374 Total bought outright 38,440 - 64 +3,901 Held under repurchase agreements 101 -242 - 17 Total U. S. Government securities 3BT551 3£§ ±37 8S4 Total loans and securities 39,121 - 23 +4,051 Cash items in process of collection (1,334) 5,686 - 23 + 455 Bank premises 102 - 1 Other assets 333 + 14 - 29 TOTAL ASSETS (1,835) 29,377 - 33 +3,295 L I A B I L I T I ES Federal Reserve notes (501) 34,795 +145 +2,487 Deposits: Member bank reserves 17,211 -289 + 291 U. S. Treasurer--general account 981 + 32 + 136 Foreign 142 - 14 Other 171 - 32 19 Total deposits I8~505 -303 T|05 Deferred availability cash items (1,334) 4,360 +110 + 459 Other liabilities and accrued dividends 499 - 9 + 380 TOTAL LIABILITIES (1,835) 587159 - 57 +3,735 C A P I T AL A C C O U N TS Capital paid-in 540 + 28 Surplus 524 - k66 Other capital accounts 154 + 24 - 1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,835) 59,377 -33 +3,295 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 39-7$ -.2$ - 6.7$ Contingent liability on acceptances purchased for foreign correspondents 159 — + H * Figures in parentheses are the eliminations made in the consolidating process] see comparable figures on combined basis on the following pages. - MATURITY DISTRIBUTION CF LOANS AND SECURITIES, JUNE 9, 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 501 33 1,017 -201 16 days to 90 days 17 29 7,687 - 77 91 days to 1 year -- -- 18,144 - 79 Over 1 year to 5 years -- 9,990 + 22 Over 5 years to 10 yeairrss „ 1,371 + 29 Over 10 years .- -« 332 Total 5I8 •62 38,541 ^306" 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 JUNE 9, 1965 —"'- -• '•" • •" ' '« • ' •— —• • ••- 1 1 , I1 "' • •••" 1 < San New Phila Cleve- Rich St. Minne- Kanpas 1 Total Boston Atlanta ! Chica go Itallas Fran York delphia land mond | Louis apolis City i i cisco i (in millions. of dollars) A S S E TS Gold certificate account 12,468 79^ 2,723 728 1,082 1,154 758 2,251 522 208 480 4o4 1,364 Redemption fund for F. R. notes 1,551.. 89 _3M 86 139 128 89 288 61 30 64 . 52 181 Total gold certificate reserves 14,019 883 3,067 8l4" 1,221 1,282 847 2,539 583 238 544 456 1,545 F. R. notes of other Banks 501 33 162 25 32 37 55 42 20 12 13 27 43 Other cash 116 7 21 4 9 8 8 25 8 5 6 5 10 Liscounts and advances 518 45 81 33 16 39 38 185 5 7 52 7 10 Acceptances: | Bought outright 43 43 — — — — -- — — — -- — Held under repurchase agreements 19 """" 19 — — __ -- __ -- -- -- — -- U. S. Government securities: Bought outright-- Bills 7,625 1 388 1,918 402 624 497 402 1,286 280 I63 294 317 1,054 Certificates -- — -- -- -- -- — -- -- -- — -- -- Notes 25,730 1,310 6,473 1,357 2,106 1,677 1,353 ^,338 946 551 990 1,072 3,557 Bonds 5,085 259 1,279 268 4l6 332 267 857 187 109 196 212 703 Total 38,440 1,957 9,670 2,027 " 3,146 2,506 2,022 6,481 1,413 " 823 l,48o 1,601 5,314 Held under repurchase agreements 101 _- 101 - - - - «... Total U. S. Government securities 38,541 1,957 9,771 2,027 2,506 2,022 6,481 823_ 1,480 1,601 -^fl-fr ,.. Total loans and securities 39,121 2,002 9,914 2,C60 3,162 2,545 2,060 6,666 1,418 83O 1,532 1,608 5,324 Cash items in process of collection 7,020 , 464 1,257 428 502 532 587 1,171 345 229 456 334 715 Bank premises 102 1 3 8 3 6 5 20 21 6 3 6 11 10 Other assets 333 16 84 17 27 20 18 53 12 7 . 15 _. 15 49 ._ TOTAL ASSETS 61,212 3,408 1^,513 3,351 4,959 4,429 3,595 10,517 2,392 1,324 2,572 2,456 7,696 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 9, 1965 1 r San New PMla- j Cleve Rich St. Minne- Kansas Total Boston Atlanta Dallas Fran York delphiaj land mond Chicago 1L ouis apolis City cisco i (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 35,296 2,097 8,078 2,062 2,997 3,064 2,014 6,406 1,383 667 1,371 1,101 4,036 Deposits: Member "bank reserves 17,211 730 4,677 730 1,253 769 943 2,707 620 394 757 936 2,675 U-S. Treasurer-general ac. count 981 49 267 61 103 47 53 l60 55 29 22 39 96 Foreign lU2 6 1/39 8 13 7 8 20 5 3 6 8 19 Other 171 * 101 •* 6 2 2 1 * 2 1 56 Total deposits 18,505 785 5,C84 799 1,369 849 1,006 2,889 681 426 787" 984" 2,846" Deferred availability cash items 5,69^ 444 697 377 444 425 477 971 269 192 340 275 583 Other liabilities and accnt,e d dividends 2k 133 27 43 28 28 73 17 11 21 27 67 TOTAL LIABILITIES j 59,99^ 3,35c 1^,192 3,285 4,853 4,366 3,525 10,339 2,350 1,296 2,519 2,367 7,532 CAPITAL ACCOUNTS Capital paid in 26 142 29 k8 27 32 77 18 13 24 32 72 Surplus 52k 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 154 7 42 8 11 10 7 26 6 3 6 6 22 TCTAL LIABILITIES AND CAPITAL ACCOUNTS 61,212 3, 4oe 14,513 3,351 4,959 4,429 3,595 10,517 2,392 1,324 2,572 2,456 7,696 ,. Contingent liability on ac,c eptances purchased for forei •gn correspondents 159 8 Z/k2 9 Ik 8 9 23 5 4 7 9 21 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 37,039 2,163 8,436 2,l46 3,191 3,17^ 2,147 6,763 l,46c 699 l,4l8 1,187 4,255 Collateral for F. R. notes: Gold certificate account 6,940 420 1,710 465 5C0 793 4cc 1,100 290 122 225 180 735 Eligible paper 25 20 -- -- -- -- 5 U. S. Government securities 31,550 1,765 7,200 1,800 2,775 2,4io 1,850 5,9CQ 1,26c 590 1,25c l,05C 3,70c Total collateral 38,515 2,185 8,910 2,285 3,275 3,203 2,25c 7,ceo 1,555 712 1,475 1,23c 4,435 l/~After deducting $103 miTiion participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $117million participations of other Federal Reserve Eanks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis