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.4.1 For immediate release June 17, 1965 The average of daily figures of total member bank reserves held during the week ended June 16 increased $275 million to $21,642 million. Estimated cur rency and coin of member banks increased $177 million and their reserve balances at the Federal Reserve Banks increased $98 million. Estimated required reserves increased $139 million; and estimated excess reserves increased $136 million to $^37 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $174 million, compared with the revised net borrowed figure of $173 mil lion the week before• The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $137 million in member bank borrowings and $76 mil lion in Federal Reserve float, and decreases of $62 million in "other" F. R. accounts (net) and $24 million in Treasury deposits with Federal Reserve Eanks. The principal offsetting changes were a decrease of $84 million in U. S. Government securities held under repurchase agreements, and increases of $83 million in currency in circulation and $24 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $125 million. As of Wednesday; June 16, holdings of U. S. Government securities bought outright were $310 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $366 million higher, and member bank bor rowings were $187 million higher. Outright holdings of bills, notes, and bonds increased $250 million, $7 million, and $53 million, respectively. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, June 16, June $, June 17, June 16, and related items 1965 1965 1964 1965 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 38,527 + 12 +4,089 38,750 Held under repurchase agreements 290 - 84 + 137 467 Acceptances-- Bought outright 43 - 2 6 41 Held under repurchase agreements 12 - 10 8 12 Discounts and advances- Member bank borrowings 611 +137 + 284 692 Other 15 - 5 + 14 13 Float 1,632 + 76 - 191 1,817 Total Reserve Bank credit 41,131 +125 +4,320 41,792 Gold stock 14,292 - l -1,169 14,293 Treasury currency outstanding 5,394 - 188 5,396 SO~8l7 +125 +2,963 5l7""8I Currency in circulation 39,555 + 83 +l,94l 39,604 Treasury cash holdings 771 + 6 + 356 784 Treasury deposits with F. R. Banks 816 - 24 - 64 637 Foreign deposits with F. R. Banks 151 + 24 + 20 149 Other deposits with F. R. Banks 177 - 1 - 19 186 Other F. R. accounts (net) 1,231 - 62 9 1,152 42,702 + 27 +2,225 4*27512 Member bank reserves: With Federal Reserve Banks 18,115 + 98 + 737 18,970 Currency and coin (estimated) 3,527 +177 + 289 3,840 Total reserves held 21,642 +275 +l,02o" 227BIO Required reserves (estimated) 21,205 +139 +1,044 21,637 Excess reserves (estimated) 437 +136 - 18 1,173 On June 16, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,5^8 million, a decrease of $85 .million for the week and a decrease of $469 million from the comparable Digitized fodr aFtReAS EaR year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.1(a) CCNSCLirATSE STATEMENT OF CCKTITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since June 16, June 9, June 17, 1965 1965 . 1964 Gold certificate account 12,452 - 16 -1,314 Redemption fund for F. R. notes 1,561 _ + 10 ^ + 130 Total gold certificate reserves I47OI3 ^I7T84~ Cash 515) 118 + 2 - 25 Discounts and advances 7C5 + 187 + 491 Acceptances: Bought outright l«L 2 7 Held under repurchase agreements 12 7 10 U. S- Government securities: Bought outright-- Bills 7,875 4- 250 +3,060 Certificates Notes 25,737 +7 +825 Bonds 5,138 + 53 + ^27 Total bought outright 38,750 + 310 +^312 Held under repurchase agreements ^7 + 366 + 268 Total U. s. Government securities 39,217 + 6f5 +5,6CC Total loans and securities 39,975 + 85^ +5,07^ Cash items in process of collection (1,82*0 7,^3 +1,797 + 267 Bank premises 102 -- - 1 Other assets 3^0 + 7 - 29 TOTAL ASSETS (2,339) 52,031 l U Ml +4,102 L I A B I L I I I FS Federal Re^eTve botes' ~ ~ (515) 3^,829 3^ +2,486 Deposits: Member bank reserves 18,970 +1,759 +1,^79 U. S. Treasurer--general account 637 - 3^ - 153 Foreign 1 ^ + 9 +7 5 Other 186 + 15 - 27 Total deposits 19,9^2 +1,^37 +1,294 Deferred availability cash items (1,824) 5,666 +1,306 + 430 Other liabilities and accrued dividends 459 40 + 346 TOTAL LIABILITIES (2,339) 60,896 +2,737 +4,55^ C A P I T AL A C C O U N TS Capital paid in 540 — + 28 Surplus 524 — - 466 Other capital accounts 71 - 83 16 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,339) 62,031 + 2 ,^ +4, 102 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 39•6$ •!$ - 6.8$ Contingent liability on acceptances purchased _for foreign correspondents 159 " + 12 * 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, JUNE l6, I965* (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 687 22 1,656 +639 16 days to 90 days 18 31 7,601 - 66 91 days to 1 year ~ — l8 207 + 63 ; Over 1 year to 5 years -- -- 10,017 + 27 Oyer 5 years to 10 years -- -- 1,395 + 24 Over 10 years — — 34l +9 Total 705 53 39,217 +S75 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(h) STATEMENT OF CONLTTION OF EACE FEDERAL RESERVE BAM ON JUKE 16, 196 5 I San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta 1 Eallas Fren- York delphia land mond Chicagoji Louis apolis City Cisco i Cm millions of dollars) A S S E TS Gold certificate account 12,^52 825 2,537 730 1,077 1,139 762 2,323 469 236 492 355 1,507 Redemption fund for F. R. notes 1,561 91 343 87 139_ 126 94 288 61 3!_ 64 52 185 Total gold certificate reserves lU,013 916 2,88c 817 1,216 1,265"" 856 2,611~ 530 267 556' 407 1,692 F. R. notes of other Banks 515 36 172 24 33 40 54 43 20 13 14 26 40 Other cash 118 7 21 4 9 8 9 25 8 5 6 5 11 [Discounts and advances 705 33 305 10 10 19 26 91 14 6 69 29 93 Acceptances: Bought outright in — 41 -- — — __ — — — -- -- -- Held under repurchase agreements 12 — 12 — -- — — — — -- -- -- U. S- Government securities: Bought outright — Bills 7,875 401 1,981 415 645 513 414 1,328 289 169 303 328 1,089 Certificates «.«. --. -- -- -- — -- — -- — -- -- Notes 25,737 1,310 6,474 1,358 2,106 1,678 1,354 4,339 946 551 991 1,072 3,558 Bends 5,138 262 1,292 271 420 335 270 867 189 110 198 214 710 Total 38,7501 1,973 9,747 2,o44 3,171 2,526 2,038 6,534 1,424" 830" 1,492 " 1,614 5,357 Held under repurchase agreements 467 I 467 — — «.«. -- -- -- --, _- --. -- -_ Total U. S. Government securities 39,217 1,973 10,214 2,o44 3,171 2,526 2,038 6,534 1,424 830 1,492 l,6lk 5,357 Total loans and securities 39,975 2,cc6 10,572 2,054 3,181 2,545 2,064 6,625 1,438 836 1,561 1,643 5,450 Cash items in process of collection 9,307 6C9 1,777 536 697 713 767 1,580 435 293 562 434 904 Bank premises 102 3 8 3 6 5 20 21 6 3 6 11 10 Other assets 340 16 .86 17 28 20 18 5i_ 12 8 16 16 49 TOTAL ASSETS 64,370 3,593 15,516 3,455 5A70 4,596 3,788 10,959 2,449 1,425 2,721 2,542 8,156 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 JUNE l6, 1965 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas | Fran 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 35,344 2,106 8,079 2, C67 3,cco 3,073 2,018 6,423 1,384 668 1,370 i,ic6 4,030 Deposits: Member "bank reserves 118,970 818 5,464 763 1,332 792 1,001 2,925 634 430 8l4 959 3,038 U.S. Treasurer-general account 637 39 111 50 61 75 49 56 27 45 50 29 45 Foreign 149 7 1/38 8 14 8 9 21 5 3 7 9 20 Other 186 1 116 X # 4 1 2 l 3_ 3_ l 53 Total deposits 19,942 865 5,729 822 1,407 879 1, o6o 3,004 667 481 998 3,156 874 Deferred availability cash items 7,490 546 1,284 460 623 562 618 1,301 238 758 343 349 Other liabilities and accrued 4o8 dividends 459 22 125 25 39 24 26 67 16 11 24 61 TOTAL LIABILITIES 63,235 3,539 15,217 3,394 5,069 4,538 3,722 10,795 2,410 1,398 2,67 1 1 9 2,477 8,005 CAPITAL ACCOUNTS Capital paid in 54c 26 142 29 48 27 32 77 18 13 24 32 72 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 71 3 20 3 6 5 3 12 3 2 3_ 2 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 64,370 3,593 15,516 3,455 5,170 4,596 3,788 10,959 2,721 8,156 _2,449 1,425 2,542_ _ Contingent liability on accept ances purchased for foreign c orre spcndent s 159 7 2/\ 2 9 14 _8_ 9_ 23 L. 21 FEDERAL RESERVE AGENT'S ACCOUNT* 6 4_ 9_ 3. F. R. notes outstanding 37,179 2,18c 8,442 2,156 3,193 3,186 ~~2,T64~~~ 6,800 " 1,474 699 1,417 1,195 4,273 Collateral for F. R. notes: Gold certificate account 6,965 420 1,710 465 500 813 4CC 1,100 295 122 225 180 735 Eligible paper 17 3 14 U. S. Government securities 33,070 1,765 8,700 1,800 2,775 2,410 1,850 5,900 1,2o0 590 1,250 1,050 __ Total collateral 4c,052 2,205 10,4io 2,268 3,275 3,223 2,250 7, coo 1,56^ 712 1,475 1,230 4,435 y After deducting $111 million participations of other Federal Reserve Banks. * Less thai! $500,000. 2/ After deducting $117 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis