H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.*4PJ^&- 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.T""* For immediate release July 15, 1965 The average of daily figures of total member bank reserves held during the week ended July l4 decreased a net of $130 million to $22,01+6 million. Estimated currency and coin of member banks increased $296 million and their reserve balances at the Federal Reserve Banks decreased $1+26 million. Estimated required reserves decreased $286 million; and estimated excess reserves increased $156 million to $5l6 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $101+ million, compared with the revised net "borrowed figure of $222 million the week "before. The principal changes reducing average reserve "balances with Federal Reserve Banks were a decrease of $63 million in U. S. Government securities, bought outright, and increases of $306 million in currency in circulation, $273 million in Treasury deposits with Federal Reserve Banks, and $1+8 million in "other" F.R. accounts (net). The principal offsetting changes were increases of $165 million in Federal Reserve float, $1+5 million in U. S. Government securities held under repurchase agreements, and $38 million in member bank borrowings. Total Reserve Bank credit increased $173 million. As of Wednesday, July lk, holdings of U. S. Government securities bought outright were $281+ million lower than a week earlier, U. S. Government securities held under repurchase agreements were $167 million lover, and member bank borrowings were $21+5 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, July lk, July 7, July 15, July Ik, and related items 1965 1965 1964 1965 ^In millions of dollars} Reserve Bank credit: U. S. Government securities-- Bought outright--System account 38,987 - 63 +3,957 38,766 Held under repurchase agreements 583 + 1+5 + 309 301 Acceptances— Bought outright 1+0 - 1 6 38 Held under repurchase agreements 12 - 2 • 27 8 Discounts and advances-- Member bank borrowings 620 + 38 + 160 212 Other 3 - 9 + 3 Float 1,883 +165 + 96 1,903 Total Reserve Bank credit 1+2,128 +173 +l+,i+92 1+1,228 Gold stock 13,931+ -1,529 13,93^ Treasury currency outstanding - 157 5,1+07 +2,806* 60,569 Currency in circulation 1+0,201 +2,102 1+0,196 Treasury cash holdings 762 + 337 766 Treasury deposits with F.R. Banks 81+2 - 1+3 i 920 Foreign deposits with F.R. Banks li+6 + 23 156 Other deposits with F. R. Banks 196 8 203 Other F.R. accounts (net) 829 - 391+ 728 1+2,977 +2,019 1+2,969 Member bank reserves: With Federal Reserve Banks 18,1+91 + 788 17,6co Currency and coin (estimated) 3,55.5 + 264 3,996 Total reserves hold 22,01+6 +i,052 21,596 Required reserves (estimated) 21,530 +1,108 21,1+96 Excess reserves (estimated) 516 - 56 IOC On July lk, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7*353 million, a decrease of $2*4- million for the -week and a decrease of $752 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4<l(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE EANKS (in millions of dollars) Change since July l4, July 7, July 15, 1965 1965 1964 A S S E TS Gold certificate account 12,038 10 -1,686 Redemption fund for F. R. notes 1,624 + 6 + 167 Total gold certificate reserves 13,662 4 -1,519 Cash (515) 108 + 5 - 16 Discounts and advances 212 - 253 + 86 Acceptances: Bought outright 38 3 6 Held under repurchase agreements 8 4 9 U. S. Government securities: Bought outright-- Bills 7,645 • 284 +2,358 Certificates -- -- — Notes 25,737 -- + 825 Bonds 5,384 — + 673 Total bought outright 3B7765 - 284 +3,856 Held under repurchase agreements 2?a - 167 + 5 Total U. S. Government securities 39,067 r_ ^ 1 +3,861 Total loans and securities 39,325 - 711 +3,932 Cash items in process of collection (1,662) +1,227 + 390 Bank premises 1 Other assets 8 + 293 TOTAL ASSETS (2,177) 509 +3,079 L I A B I L I T I ES Federal Reserve notes (515) 35,391 24 +2,589 Deposits: Member bank reserves 17,600 408 + 250 U. S- Treasurer-- general account 920 53 3 Foreign 156 + 3 + 29 Other 203 + 1 - 13 Total deposits 187879 -T57 + 263 Deferred availability cash items (1,662) 5,361 +1,120 + 384 Other liabilities and accrued dividends 39§ - 52 + 297 TOTAL LIABILITIES (2,177) £o~027 + 587 +3,533 C A P I T AL A C C O U N TS Capital paid in ' ~ 54l + 25 Surplus 524 - 466 Other capital accounts 70 78 - 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,177) 61,162 509 +3,079 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 38.0$ .1* 7.7$ Contingent liability on acceptances purchased for foreign correspondents 156 13 * "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~l4, 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 206 17 1,376 -136 16 days to 90 days 6 29 7,725 -199 :s 91 days to 1 year 17,968 -116 Over 1 year to 5 years 10,138 Over 5 years to 10 years 1,489 Over 10 years 371 Total 212 TE 39,067 3f5I Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.l(b) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE EAKK ON JULY Ik, I965 San New Phila-I Cleve-1 Rich St. Minne Kansas Total Boston I AtlantaC hicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E TS Gold certificate account 12 ; O38 721 2,502 758 1,066 1,086 734 2,201 459 233 556 376 1,346 Redemption fund for F. R. notes 1,62^ 92 390 88 143 123 94 297 60 31 63 53 190_ Total gold certificate reserves 13,662 813 2,892 846 1,209 1,209 828 2,498 519 264 619 429 "l,536 F. R. notes of other Banks 515 38 145 28 31 52 49 48 16 20 18 22 48 Other cash 108 8 19 4 8 8 9 23 6 4 6 4 9 Discounts and advances 212 * 17 9 26 107 23 12 Acceptances: Bought outright 38 38 Held under repurchase agreements 8 8 U- -SU Government securities: Bought outright-- Bills 7,645 403 1,898 399 623 506 4C8 1,277 29c 163 300 320 1,058 Certificates Notes 25,737 1,345 2,096 1,704 1,374 4,302 977 548 1,007 1,076 3,562 Bonds 281 438. 356 _g88_ 900 2C4 211 225 74_5_ Total 3,157 2,566 2,070 6,479 1,471 826 1,518 1,621 5,365 Held under repurchase agreements Total U.s» Government securities 3,157 2,566 2,070 6,479 1,471 826 1,518 1,621 5,365 Total loans and securities 3,166 2,567 2,096 6,586 1,475 832 1,541 1,626 5,377 Cash items in process of collection 632 721 763 1,510 454 284 534 433 885 Bank premises 6 5 20 21 6 3 6 11 10 Other assets 58 42 39 106 14 32 36 98 TOTAL ASSETS 63,339 • 3,502 14,878 3,446 5,110 4,6o4 3,804 10,792 2,502 1,421 2,756 2,561 7,963 * Less than $500,OCC. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITIOK OF EACH FEDERAL RESERVE BANK ON JULY 14, I965 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In million s of doiL ars) L I A B I L I T I ES Federal Reserve notes 35,906 2,157 8,148 2,124 3,059 3,136 2,055 6,529 1,396 675 1,385 1,126 5,116 Deposits: Member bank reserves 17,600 678 4,886 719 1,255 765 1,024 2,683 637 4l8 825 925 2,786 U.S. Treasurer-general account 920 59 158 73 85 73 55 126 63 4o 76 53 69 Foreign 156 7 1/59 8 13 7 9 21 5 3 7 8 19 Other 203 127 1 1 9 1 1 * 3 2 1 57 Total deposits 18,879 755 5,220 801 854 2,831 705 464 909 987" 2,931 1,355 1,079" Deferred availability cash items ; 7,023 526 1,103 539 535 1,210 358 247 396 361 7l4 581 Other liabilities and accrued 563 dividends 396 20 109 21 21 22 58 15 9 16 21 51 TOTAL LIABILITIES T2,2<54 3,447 15,580 3,385 5,oi3o5 "17556" 3,737 10,628 ~2756T 1,395 2,706 7,812 2,595 CAPITAL ACCOUNTS Capital paid in 551 26 152 29 58 27 32 78 18 13 24 32 72 Surplus 524 25 137 29 57 26 31 75 18 12 31 70 Other capital accounts 70 4 19 3 5 5_ k_ 11 3. l_ 3_ 9 23 TOTAL LIABILITIES AND CAPITAL ACCOUNTS •i3,_339. 3,502 15,878 3,556 5,110 4,6o4 3,804 10,792 2,502 1,421 7,963 Contingent liability on accept 2,756 2,561 ances purchased for foreign correspondents 156 7 2/41 9 14 8 _9_ 22 5 4 21 FEDERAL RESERVE AGENT'S ACCOUNTS 9_ F. R. notes outstanding -37783"6~ 2,230 8,558 2,197 3,248 3,263 2,196~ 6,911 1,472 709 1,539 1,217 5,395 Collateral for F. R. notes: Gold certificate account 6,430 420 1, CCC 565 600 883 400 1,100 295 127 225 180 735 Eligible paper 5 l 4 U. S. Government securities 32,465 __1,_825__ 7,700 l,8co __2,_7T5 2,410 _5,_9C0_ 1,260 595 1,250 1,100 5.0OC Total collateral 38,000 2,245 8,7cc 2,266 3,375 3,293 2,250 7, ceo l, 559 722 1,575 1,28c 4,735 1/ After deducting $107 mill ion paa Dther Federal Reserve Banks. rticipat:L ons of < "2/ After deducting $115 million v&i rtioirat:i ons of ( D ther Federal Reserve Banks. * Less3 than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis