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.1+-1 For immediate release August 5> 1965 The average of daily figures of total member bank reserves held during the week ended August k increased a net of $l£6 million to $21,763 million. Estimated currency and coin of member banks decreased $12^ million and their reserve balances at the Federal Reserve. Banks increased $290 million. Estimated required reserves increased $1C5 million; and estimated excess reserves increased $6l million to $38^ million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $160 million, compared with the revised net borrowed figure of $156 million the week befere. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $283 million in U. S. Government securities held under repurchase agreements, $lCk million in U. S. Government securities bought outright, and $65 million in member bank borrowings, and a decrease of $210 million in "other" F. R* accounts (net). The principal offsetting changes were decreases of $231+ million in Federal Reserve float and $65 million in gold stock, and increases of $38 million in currency in circulation and $30 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $217 million. As of Wednesday, August k, holding* of U. S. Government securities bought outright were $323 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $258 million higher, and member bank borrowings were $99 million lower. Averages of daily figures Member bank reserves, Week ended Change frcm week ended Wednesday, Reserve Bank credit, Aug. 4, July 28, Aug. 5, Aug. 4, and related items 1965 1965 1964 1965 (In millions of dollars) Reserve Bank credit: U. 3. Government securities- Bought outright--System account 33,903 +104 +3,923 39,127 Held under repurchase agreements 497 -283 + 365 685 Acceptances-- Bought outright 35 - 1 5 36 Held under repurchase agreements 18 Discounts and advances- Member bank borrowings 544 + 65 + 284 472 Other 2 Float -234 20 1,281 Total Reserve Bank credit 41,1+18 +217 +4,526 41,601 Gold stock 13,858 - 65 -l,6o4 13,859 Treasury currency outstanding 5,422 + l4 - 148 5,429 60,698 TTEE -2,774 60,889 Currency in circulation 39,939 + 38 +2,c46 40,043 Treasury cash holdings 803 + 11 + 370 811 Treasury deposits with F. R. Banks 903 + 30 + 134 ?cB Foreign deposits with F- R. Banks 155 - 1 + 18 is8 Other deposits with F. R. Banks 196 + 10 3 184 Other F. R. accounts (net) 500 -210 - 632 4'76 £271+95 -124 +1,933 42,480 Member bank reserves: With Federal Reserve Banks 18,204 +290 + 84l 18,409 Currency and coin (estimated) 3,559 -124 + 362 3,6o4 Total reserves held 21,763 +1,203 22,103 Required reserves (estimated) 21,379 +105 +1,170 21,499 Excess reserves (estimated) 384 + 61 + 33 604 Cn August k, 1965, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,253 million, an increase of $6l million for the week end a decrease of $963 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.1(a) CONSOLIDATED STATEMENT CF CONEITICN OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Aug. 4, July 28, Aug. 5, 1965 1965 1964 A S S E TS Gold certificate account 11,950 - 12 -1,780 Redemption fund for F. R. notes 1,637 + 8 + 183 Total gold certificate reserves 1375H7 - 4 -1,597 Cash (625) 117 - 3 - 23 Discounts and advances 472 - 99 - 263 Acceptances: Bought outright 36 -- 5 Held under repurchase agreements -- -- 25 U S. Government securities: Bought outright-~ Bills 8,006 +323 +2,608 Certificates — -- __ Notes 25,737 -- + 825 Bonds 5,384 __ + 643 Total bought outright 39A27 +323 +4,076 Held under repurchase agreements 685 +258 + 478 HIH5 Total U. S. Government securities 39,812 +5BI Total loans and securities 40,320 +482 +4,261 Cash items in process of collection (l,4l6) +246 + 590 Bank premises + 1 Other assets +269 ±_ 513 TOTAL ASSETS (2,04l) +990 +377^5 L I A B I L I T I ES Federal Reserve notes' ~ (625) 35,270 +105 +2,506 Deposits: Member bank reserves 18,409 +571 + 825 U. S. Treasurer--general account 808 + 9 - 20 Foreign 158 + l + 29 Other 181* - 8 - 2 Total deposits 19,559 +573 + B32 Deferred availability cash items (l,4l6) 4,639 +272 + 546 Other liabilities and accrued dividends 412 + 16 + 308 TOTAL LIABILITIES (2,04l) 59^50 +96S +4,192 C A P I T AL A C C O U N TS Capital paid in 542 Surplus 524 Other capital accounts 143 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,04l) 61,089 Ratio of gold certificate reserves to P. R. note liability (computed from figures as shown on the following pages--not consolidated) 37-9$ 7- Contingent liability on acceptances purchased for foreign correspondents 149 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, AUGUST 4, 1965 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordanee with maximum maturity of the agreements.) U. S. Government securities Discounts and Changes advances Acceptances Holdings during week Within 15 days 465 7 5,728 +4,030 16 days to 90 days 7 29 3,902 -3,668 91 days to 1 year 18,184 + 219 Over 1 year to 5 years 10,138 Over 5 years to 10 years 1,489 Over 10 years 3T1 Total Ff2 3 397812 ISl Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4. 1(b) STATEMENT OF CONDITION OF EACE FEDERAL RESERVE BANK ON AUGUST 4, 1965 San New Phila Cleve Rich St. Minne- Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E TS Gold certificate account 11,950 755 2,601 664 966 1,134 669 2,254 466 I87 496 353 1,405 Redemption fund for F R. notes 1,637 93 386 89 142 130 93 305 62 31 63 54 189 Total gold certificate reserves 13,587 848 2,987 753 1,108 1,264 762 2,559 528 218 559 407 1,594 F. R- notes of other Banks 625 59 158 45 34 64 63 56 23 27 19 27 50 Other cash 117 10 21 4 9 9 3.1 22 6 4 5 5 11 Discounts and advances ^72 8 155 29 14 19 17 122 18 35 8 4o Acceptances: Bought outright 36 36 U. S. Government securities: Bought outright-- Bills 6,006 417 1,968 415 666 545 434 l,34l 298 168 316 332 1,106 Certificates Notes i 25,737 1,339 6,329 1,336 2,139 1,751 1,396 4,308 959 540 l,Cl4 1,070 3,556 Bonds 5,38^ 280 1,324 280 447 366 292 901 201 113 212 224 744 Total 39,127 ^ o l F" 9,621 2,031 3,252 2,662 2,122 6,550 1,458 821 1,552" 1,626 5,4c6 Held under repurchase agreements 685 685 __ Total U. S^ Government securities 39,812 2,036 10,306 2,031 3,252 2,662 2,122 6,550 1,458 821 1,542 1,626 5,4o6 Total loans and securities k>, 320 2, c44 10,497 2,C6C 3,266 2,681 2,139 6,672 1,465 839 1,577 1,634 5,1*6 Cash items in process of collection 7,336 506 1,270 476 511 566 608 1,209 347 233 488 367 755 Bank premises 102 3 8 3 5 5 20 21 7 3 6 11 10 Other assets 1,0*6 51 268 56 90 59 59 156 37 23 47 53 144 TOTAL ASSETS 1 63,130 3,521 15,2C9 3,397 5,023 4,648 3,662 10,695 2,413 1,347 2,701 2,504 8,010 •—' 2—" Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CCNLITICN OF EACE FEIERAL RESERVE BANK CN AUGUST k, 1965 _»..... .... ... ( San Total Boston New Phila Cleve- Rich Atlanta Chicago St. Minne-| Kansas Eallas Fran York delphia land mond Louis apolis City cisco (In millions of dollL ars) L I A B I L I T I ES Federal Reserve notes 35,895 2,142 8,146 2,110 3,051 3,144 2,061 6,544 1,388 67C 1,385 1,134 4,116 Ieposits: Member hank reserves 18,409 776 5,451 753 1,298 823 948 2,831 626 391 768 9C1 2,843 U.S. Treasurer-general ac: count 808 45 66 21 32 118 77 51 55 43 120 63 117 Foreign 158 7 1/47 8 14 8 9 21 5 3 7 9 20 Other 184,, * 108 l 2 6 2 2 1 3 3 1 55 Total deposits 19,559 828 5,672 783 1,346 955 1,036 2,905 440 898 974 3,035 687 referred availability cash items 6,055 473 955 417 484 465 472 1,009 200 349 3C6 642 283 Other liabilities and accrvl ed dividends 412 20 116 22 35 22 22 60 14 9 17 21 54 TOTAL LIABILITIES 61,921 3,463 14,891 3,332 4,916 4,586 3,591 10,518 2,372 1,319 2,649 2,435 7,849 CAPITAL ACCOUNTS Capital paid in 542 26 142 29 49 27 32 78 18 13 24 32 72 Surplus 524 25 137 29 47 26 3 h 18 23 'I 70 Other capital accounts 143 _ _Z .. 39 7 11 9 24 5 12 5 19 3 TOTAL LIABILITIES ANL CAPITAL ACCOUNTS 63,130 3,521 15,209 3,397 5,023 __4,J48_ 3,662 10,695 2,413 1,347 2,701 2,504 __ 8,010 _ Contingent liability on ace: eptances purchased for fore]L gn corre spondent s 149 7 2/39 8 13 8 9 21 5 3 7 9 20 FEIERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 37,915 2,233 8,565 2,198 3,262 3,283 2,208 6,943 1,478 709 1,437 1,225 4,374 Collateral for F. R. notes: Gold certificate account 6,430 j 420 1,000 465 600 883 4oo 1,100 295 127 225 l8c 735 Eligible paper 17' — — 10 7 U. S. Government securities 32,715 1 1>845 7>7C0 1,600 2,775 2,440 1,850 6,100 1,260 595 1,250 1,100 4,cor Total collateral 39,162 2,265 8,700 2,275 3,375 3,323 2,250 7,200 1,562 722 1,475 1,280 4,735 \/ After deducting |L11 million participations of other Federal Reserve Banks. * Less than $.500,000. 2/ After deducting 4.10 million participations of ether Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis