H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R A L R E S E R V E Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release iyg*SA3 CITY, MO* H.l+.l July 8, 1965 juwlic UBRAir D. S. DOCS. The average of daily figures of total ank reserves held during the’ week ended July 7 increased a net of .on to $22,212 million. Estimated currency and coin of member banks decreased $376 million and their reserve balances at the Federal Reserve Banks increased $696 million. Estimated required reserves increased $251+ million: and estimated excess reserves increased $66 million to $397 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $189 million, compared with "t'he revised net borrowed figure of $155 mil­ lion the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $408 million 'in U. S. Government securities, held under repurchase agreements, $310 million in U. S. Government securities bought outright,and $56 million in member bank borrowings, and decreases of $301 million in ’’other” F. R. accounts (net) and $23!+ million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $293 million in gold stock and an increase of $386 million in currency in circulation. Total Reserve Bank credit increased $853 million. As of Wednesday, July 7, holdings of TJ. 3. Government securities bought outright were yl68 million higher than a week earlier, U. S. Government securities held mder repurchase agreements were v'250 million higher, and member bank borrowings were $189 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, July 7, June 30, July 8, July.7, and related items 1965 1965 19 61+ 1965 (In millions of dollars) Reserve Eank credit: U. S. Government securities-- Bought outright--System account 39,050 +310 +3,835 39,050 Held under repurchase agreements 538 +1*08 + 1+18 1+68 Acceptances-- Bought outright 1+1 6 kl Held under repurchase agreements Ik + 1 - kj 12 Discounts and advances-- Member bank borrowings 582 + 96 + 319 457 _ O Other 12 + 12 8 Float 1,718 + 1+0 - 161+ 1,796 Total Reserve Bank credit 41,955 +B5T W 73E? 41,832 Gold stock 13,93^ -293 -1,529 13,934 Treasury currency outstanding 5,418 + 5 - 156 5,4l8 61,307 +2,682 61,185 Currency in circulation 39,895 4386 +1,979 1+0,228 Treasury cash holdings 775 6 + 359 771 Treasury deposits with F. R. Banks 569 -234 - 273 9T3 Foreign deposits with F. R. Banks 162 -- + 28 153 Other deposits with F. R. Banks 208 + 21+ Ik 202 Other F. R. accounts (net) 781 -301 - 475 850 42,390 -131 +l7605 S3A77 Member bank reserves: With Federal Reserve Ear.ks 18,917 +696 +1,077 18,0C8 Currency and coin (estimated) .3,295 -376 + 330 3,666 Total reserves held 22,212 +320 +1,407 21,696 Required reserves (estimated) 21,815 +25I+ +1,301 21,81+5 Excess reserves (estimated) 397 + 66 + 1C6 - ll+9 hn July 7, 1965, TJ. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,37i million, a decrease of $222 million for the week and a decrease of $666 million from the comparable Digitizedi faotr eF RAaS EyRe ar ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) July 7, June 30, July 8, 1965 1965 1964 A S S E T S Gold certificate account 12,048 - 5 -l,68l Redemption fund for F. R. notes l,6l8 + 1 + 162 Total gold certificate reserves 13 ,666 - 4 -1,519 Cash (448) 103 - 15 - 21 Discounts and advances 465. -192 + 49 Acceptances: Bought outright 4l -- 7 Held under repurchase agreements 12 44 lT- S. Government securities: Bought outright-- Bills 7,929 +168 +2,335 Certificates -- -- - - Notes 25,737 - - + 825 Bonds 5,38k -- + 673 Total bought outright 39,050 +168 +3,833 Held under repurchase agreements 468 +250 + 225 Total U. S. Government securities 39,51? +4i8 +4,058 Total loans and securities ^0,036 +226 +4,056 Cash items in process of collection (1,36k) 6,037 - 4 + 528 Bank premises 102 -- 1 Other assets 709 - 58 + 312 TOTAL ASSETS (1,832) 6c,653 -<•145 +3,355 L I A B I L I T I E S Federal Reserve notes (kk8) 35,ki5 -1-5C8 +2,599 Deposits: Member bank reserves l8,0C8 -221 + 4iq U. S. Treasurer--general account 973 +301 + 188 Foreign 153 - 26 + 28 Other 202 + 4 - 11 Total deposits 19,336 + 58 + 624 Deferred availability cash items (1,38k) k,£kl -451 + 235 Other liabilities and accrued dividends 448 + 5 + 342 TOTAL LIABILITIES (1,832) 59,kko +120 +3,800 C A P I T A L A C C O U N T S Capital paid in 54l -- + Surplus 524 -- - 466 Other capital accounts 148 + 25 4 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,832) 60,653 +145 +3,355 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 38.1$ -•5# - 7-7* Contingent liability on acceptances purchased for foreign correspondents 156 - 1 + 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, JULY 7, 1965 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maud mum maturity of the agreements.) U. 3. Government securities Discounts and Changes advances Acceptances Holdings during week Within days 15 46c 23 1,512 +329 16 days to days 5 90 30 7,924 +175 91 days to 1 year 18,084 86 - Over year to years 1 5 10,138 Over 5 years to 10 years 1,489 Over 10 years -- ___371 51s 53 Digitized for FRATSoEtRa l 465 39,518 + http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E A.1 (b) STATEMENT OF CONI IT I ON OF EACH FELERAL RESERVE BANK ON JULY 7, 1965 San Total Boston New Phila­ Cleve- Rich­ Atlanta Chicago St. Minne- Kansas Dallas Fran­ York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E T S Gold certificate account 12,048 757 2, 218 8CC l,ll*7 1,133 724 2,111 495 175 455 297 1,736 Redemption fund for F. R. notes l,6l8 92 391 88 138 124 _ 94 297 6l 31 64 53 185 Total gold certificate reserves 13;666 84-9 2,609 888 1,285 1,257 618 2f 4c8 556 2C 6 519 350 1,921 F. R. notes of other Banks 448 33 121 19 31 43 44 44 15 18 15 23 42 Other cash 103 7 16 3 8 7 10 23 6 4 6 4 9 Liscounts and advances 465 47 190 33 4 28 19 84 2 l4 25 6 11 Acceptances: Bought outright 4i -- 4i — -- -- -- -- -- -- — -- -- Held under repurchase agreements 12 -- 12 -- -- -- -- -- -- -- -- -- -- U. S. Government securities: Bought outright-- Bills 7; 929 417 1,568 415 646 525 423 1,325 301 169 311 332 1,097 Certificates Notes 25,737 1,356 6,390 1,345 2,096 1,704 1,374 4,302 977 548 1,CC7 1,076 3,562 Bonds 5,384, 261+ 1,337 281 438 356 288 9C0 204 115 211 225 745 Total 39; 0501 2,057 9,695 2,041 3,180 2,585 2,065 6,527 1,482 832 1,529 1,633 5, 4o4 Held under repurchase agreements 468 -- 468 -- -- -- -- -- -- -- -- -- Total U. S. Government securities 35,518 2,057 10,163 2,04l 3,180 2,585 2,085 6,52? 1,482 832 1,529 1,633 __5,4c4 Total loans and securities 40,036 2,104 10,4c6 2,074 3,184 2,613 2, 104 6,611 1,484 846 1,554 l,64l 5,415 Cash items in process of collection 7,1*21 456 1,1*79 1*53 468 605 653 1,250 3 hi 226 475 289 726 Bank premises 102 3 8 3 6 5 20 21 6 3 6 11 10 Other assets 7C9 35 181 37 59 hi hO 107 27 _ _ 15 32 35 ICO TOTAL ASSETS j 62,485 3,487 l4,820 3,477 5, Obl 4,571 3,689 10, U6h 2,b35 1,318 2,607 2, 353 8,223 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 7, 1965 - ■ —— —• — ^--- ■ - San Total Boston J New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas Fran- | York delphia land mond Louis apolis City cisco (In millions of dollars) L I A B I L I T I E S Federal Reserve notes 35,863 2,149 8,l66 2,114 3,04l 3,128 2,056 6,512 1,394 672 1,385 1,123 4,123 Deposits: Member bank reserves l8,C08 740 4,821 805 1,335 875 1,026 2,581 649 391 755 857 3,173 U-S. Treasurer-general account 973 52 256 81 104 36 23 137 55 40 49 64 76 Foreign 153 7 1/43 8 14 7 9 21 5 3 7 9 20 Other 202 * 120 1 1 6 1 2 1 1 2 65 Total deposits 19,336 799 5,25o~ 895 1,454 924 1,059 2,741 710 435 813 932 3,334 Deferred availability cash items 5,625 459 969 379 402 433 479 968 274 173 337 207 545 Other liabilities and accrued dividends 448 22 125 24 _J8 23 25 66 15 10 19 23 58 TOTAL LIABILITIES 61,272 3,429 14,500 3,412 4,935 4,508 3,619 10,287 2,393 1,290 2,554 2,285 8,c60 CAPITAL ACCOUNTS Capital paid in 5*H 26 142 29 48 27 32 78 18 13 24 32 72 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 148 7 4l 7 11 10 7 ?4 6 3. _ 6 s -M TOTAL LIABILITIES AND CAPITAL ACCOUNT'S 62,485 3,487 14,820 3,477 5,041 4,571 3,689 10,464 2.435 1,318 2.607 2,353 §,.223- . Contingent liability on acceptances purchased for foreign c orre spondent s 156 7 S/k 9 14 8 9 22 5 4 7 9 21 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 37;519 2,215 8,489 2,184 3,230 3,237 2,180 6,867 1,464 704 1,430 1,209 ■57310 Collateral for F. R. notes: Gold certificate account 6,295 420 1,000 465 5C0 853 4oo 1,100 295 122 225 180 735 Eligible paper 34 -- -- 32 -- — — — 2 — — — — U. S. Government securities J2, lit 51 1,805 7;7C0 1,800 2,775 2,410 1,850 5,9c 0 1,260 595 1,250 1,100 3,700 Total collateral 38,474 2,225 8,700 2,297 3,275 3,263 2,250 7,000 1,557 717 1,475 1,280 4,435 17 After deducting $110 million participations of other Federal Reserve Banks. * Less than CVC. 2/ After deducting $11$ million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis