H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••i>°H3ti: F E D E R AL R E S E R VE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 2h, 1965 The average of daily figures of total member bank reserves held during the week ended June 23 increased $4l6 million to $22,063 million. Estimated currency and coin of member banks increased $40 million and their reserve balances at the Federal Reserve Banks increased $376 million. Estimated required reserves increased $397 million; and estimated excess reserves increased $19 million to §k±Q million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by £165 million, compared with the revised net borrowed figure of $212 mil lion the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $K>5 million in Federal Reserve float and $169 mil lion in U. S. Government securities bought outright, and a decrease of $78 million in "other" P. R. accounts (net). The principal offsetting changes were a decrease of $211 million in U. S. Government securities held under repurchase agreements and an increase of $76 million in Treasury deposits with Federal Reserve Ranks. Total Reserve Bank credit increased $324 million. As of Wednesday, June 23, holdings of U. S. Government securities bought outright were $86 million lower than a week earlier, U. S. Government securi ties held under repurchase agreements were $294 million lower, and member bank borrowings were $6l2 million lower. Outright holdings of bills decreased $140 mil lion and bonds increased $54 million. Averages of_ daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Rank credit, June 23> June 16, June 25T June 23, and related items 1965 1965 1964 1965 (In millions of dollars) Reserve Bank credit: U» S. Government securities-- Bought outright--System account 38,696 +169 +4,269 38,664 Held under repurchase agreements 79 -211 + 79 173 Acceptances-- Bought outright 40 41 Held under repurchase agreements 7 - 5 16 Discounts and advances- Member bank borrowings 583 - 28 + 351 80 Other 13 - 2 + 13 13 Float _2>°3T +405 09 1,679 Total Reserve Bank credit 4i~P+55 +324" +475§0 4T)76"D6 Gold stock 14,292 -1,169 14,293 Treasury currency outstanding ,5,409 + 15 5,413 &l,156 +339 +3,235 So7372 Currency in circulation 39,528 - 27 +1,954 39,515 Treasury cash holdings 778 + 7 + 383 788 Treasury deposits with F. R. Banks 892 + 76 - 13 775 Foreign deposits with F.R. Banks 129 - 22 9 138 Other deposits with F.R. Banks 185 + 8 - 18 167 Other F. R. accounts (net) 1,153 - 78 - 120 42,6o5 - 37 52", 539 +2,177 Member bank reserves: With Federal Reserve Banks 18,491 +376 +1,061 17,833 Currency and coin (estimated) 3,572 + 40 + 275 3,980 Total reserves held 22,655 +515 +1733^ 2T7813" Required reserves (estimated) 21,645 +397 +1,269 21,630 Excess reserves (estimated) 418 + 19 + 67 183 On June 23, I965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,286 million, a decrease of 0282 million for the week and a decrease of $886 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 STATEMENT OF CONDITION OF^THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since June 23, June 16, June 24, 1965 1965 1964 A S S E TS Gold certificate account 12,402 - 50 -1,355 Redemption fund for F. R. notes 1,618 + 57 + 186 Total_gpld.certi^^cat^ reserves I47026 + 7 -1,169 # Cash (569) 120 + 2 - 21 Discounts and advances 93 - 612 — Acceptances: Bought outright 41 -- 7 Held under repurchase agreements 16 4 37 U- S. Government securities: Bought outright-- Bills 7,735 140 +2,827 Certificates -_ -- -- Notes 25,737 — + 825 Bonds 5,192 + 54 + 481 Total bought outright 3B766T - ~~B6 +4,133 Held under repurchase agreements 173 - 294 + 173 Total,_U. S. Government securities 557637 - 3S0 +4,306 Total loans and ..securities 38,987 - 988 +4,262 Cash items in process of collection (1,569) 6,869 + 628 Bank premises 102 1 Other assets 363 23 + 23 TOTAL ASSETS (2,138) '6o~4~6i -1,570 +3,722 L I A B I L I T I ES Federal Reserve notes (569) 34,737 92 +2,465 Deposits: Member bank reserves 17,833 -1,137 816 U- S. Treasurer—general account 775 + 138 192 Foreign 138 - 11 1 Other 167 - 19 30 Total deposits 157913 -1,029 + 593 Deferred availability cash items (1,569) 5A90 - 476 + 770 Other liabilities and accrued dividends 456 -—_ 3 + 340 TOTAL LIABILITIES (2,138) 59,296" -1,600 +4"7T6H C A P I T AL A C C O U N TS Capital paid in ~ ~ 54l + 29 Surplus 524 - 466 Other capital accounts 100 v 29 - 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,138) "60,461 -1,570 +3,722 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 39.7$ . 1$ - 6.7$ Contingent liability on acceptances purchased for foreign correspondents 158 - 1 + 10 * Figures in parentheses are the eliminations made in the ccnsolidating process; see comparable figures on combined basis on the following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE~23, 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 71 27 1,213 -443 16 days to 90 days 22 30 7,641 + 40 91 days to 1 year «- -- 18,177 - 30 Over 1 year to 5 years -- 10,055 + 38 Over 5 years to 10 yeaIrTsS -- 1,403 + 8 Over 10 years ~- -- 348 + 1 Total 93 57 3B7B37 ^3Bo Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CCWDITION OF EACH FEIERAL RESERVE BAM ON JUNE 23, 1965 o£UQ. New Phila Cleve- Rich St Minne Kansas Total Boston Atlanta Chicago Lallas Fran- York delphia! land mond Louis apolis City cicco (in millions of dollars) A S S E TS Gold certificate account 12,402 &C7 2,621 704 l,CC7 l,i4i 732 2,278 54o 211 501 371 1,489 Redemption fund for F. R. notes __l,J3l8 392 87 138 126 94 298 60 31 63 53 186 Total gold certificate reserves l4,020 897" 3,013 "791 " I,l45 1,267 "826" 2,576 6CC 242 564 - -nsfT 1,675 F- R. notes of other Banks 569 42 175 30 38 46 58 49 24 15 16 28 48 Ctfcer cash 120 8 22 4 9 7 10 24 8 5 6 5 12 Discounts and advances 93 6 13 15 Acceptances: Bought outright 4i 41 Held under repurchase agreements 16 16 U. S. Government securities: Bought outright-- Bills 7,735 393 1,946 4c8 633 504 407 1,304 284 166 298 322 1,070 Certificates Notes 25,737 1,310 6,474 l, 358 2,106 1,678 1,354 4,339 946 551 991 1,072 3,558 Bends 5,192 265 1,306 273 425 338 273 876 191 ill 2CC 216 718 Total "179*68- 9,726" 2,039 -37T6T- 2,520 "27034" " 6,519 1,"421 " "826 l,~"489 1,61c -5734-6™ Held under repurchase agreements 173 173 Total U. S- Government securities 38,837 1,968 9,899 2,039 3,164 2,520 2,034 6,519 1,421 828 _k!t§i_ 1,610 5,346 Total loans and securities 38,987 1,973 9,965 2,04l 3,166 2, 526 2,047 6,54l 1,423 836 1,504 1,615 5,350 Cash items in process of collection 8,438 621 1,491 505 593 656 694 1,433 388 254 531 423 849 Bank premises 102 3 8 3 6 5 20 21 6 3 6 11 10 Other assets 363 17_ 92__ l§_ _24_ 19 56__ 14 8__ 17_ l6_ 52 30 TOTAL ASSETS 62,599 3,561 14,766 3,392 4,531 3,674 10,700 2,463 1,363 2,644 2,522 7,996 4,987 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 23, 1965 San Hew Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions3 of dol]La rs) L I A B I L I T I ES Federal Reserve notes ;35,306 1 2,107 8,070 2,085 3,007 3,073 2,017 6,415 1,378 668 1,366 1,105 4,015 Deposits: Member bank reserves 17,833 744 4,891 723 1,263 751 973 2,783 65O 393 795 907 2,960 U-S. Treasurer-general account 775 45 133 48 56 90 46 85 76 48 34 64 50 Foreign 138 6 1/42 7 12 7 8 18 4 3 6 8 17 Other 167 * 106 1 * 3 1 2 1 * 2 1 50 Total deposits 18,913 795 5,172 779 1,331 851 1,028 ' 2,888 731 444 837 98b- 3,077 Deferred availability cash items 6,759 581 1,097 440 506 523 535 1,160 298 214 371 346 688 Other liabilities and accrued dividends 456 22 121 25 4o 24 26 68 16 10 19 24 61 TOTAL LIABILITIES 61,434 3,505 l4,46o 3,329 4,884 4,471 3,606 10,531 2,423 1,336 2,593 2,455 " 7,841 CAPITAL ACCOUNTS Capital paid in 541 26 142 29 48 32 78 18 13 24 32 72 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 100 5 27 5 8 7 5 16 4 2 4 4 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 62,599 3,561 14,766 3,392 4,987 4,531 3,674 _l°,J0O 2,463 1,363 2,644 2,522 7,996 Contingent liability on accept ances purchased for foreign correspondents 158 ... _ J 2/42 _ .9.. 14 8 9_ 23 5_ 4 7_ 2_ 21 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 2,178 8,458 2,157 3,205 3,196 2,174 6,809 1,475 698 1,418 1,201 4,288 Collateral for F. R. notes: Gold certificate account 420 1,000 465 500 813 400 1,100 295 122 225 180 735 Eligible paper 1 __ ._ — — 2 U. S. Government securities 1,785 7,700 1,800 2,775 2,410 1,850 5,900 1,260 590 1,250 1,050 3,700 Total collateral 2,205 8,700 2,266 3,275 3,223 2,250 7,000 1,557 712 1,475 1,230 4,435 1/ After deducting $ 96 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $116 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis