H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•••&SSS&-. 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 August 12, 1965 The average of daily figures of total member bank reserves held during the week ended August 11 decreased a net of $158 million to $21,621 million. Estimated currency and coin of member banks decreased $184 million and their reserve balances at the Federal Reserve Banks increased $26 million. Estimated required reserves decreased $203 million; and estimated excess reserves increased $4 5 million to $428 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $188 million, compared with the revised net borrowed figure of $l6l million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $356 million in U. S. Government securities bought outright, $72 million in member bank borrowings, and $40 million in Federal Reserve float, and a decrease of $30 million in "other" F. R. accounts (net). The princi pal offsetting changes were a decrease of $105 million in U. S. Government securi ties held under repurchase agreements, and increases of $186 million in currency in circulation, $1^7 million in Treasury deposits with Federal Reserve Banks, and $43 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $368 million. As of Wednesday, August 11, holdings of U. S. Government securities bought outright were $58 million higher than a week earlier, U. 3. Government securities held under repurchase agreements were $^11 million lower, and member bank borrowings were $180 million lower. Averages of daily figures Member bank reserves, Week ended Change from week. ended Wednesday, Reserve Bank credit, Aug. 11, Aug. 4, Aug. 12, Aug. 11, and related items 1965 1965 1964 1965 (In millions of dollars) ; Reserve Bank credit: U. S. Government securities- Bought outright--System account 39,259 +356 +4,162 39,185 Held under repurchase agreements 392 -105 + 92 274 Acceptances-- Bought outright 36 + 1 . 5 36 Held under repurchase agreements — — 25 -- Discounts and advances — Member bank borrowings 616 + 72 + 240 292 Other 3 + 3 + 3 — Float 1,480 + 40 - 74 1,281 Total Reserve Bank credit W/JS6 +15S +T ,393 4"i7ogH Gold stock 13,858 -- -1, 6c4 13,859 Treasury currency outstanding 5,422 --. - 132 5,421 SIJOoS +3SB +2 ,657 60,348 Currency in circulation 40,125 +186 +2 ,011 40,238 Treasury cash holdings 800 - 3 + 383 810 Treasury deposits with F. R. Banks 1,050 +147 + 86 916 Foreign deposits with F. R. Banks 198 + 43 + 57 245 Other deposits with F.R. Banks 191 - 5 - 2 192 Other F. R. accounts (net) 470 - 30 - :6m43 ! 467 ¥27B3b +341 +1 42,868 Member bank reserves: With Federal Reserve Banks 18,230' + 26 + 763 17,480 Currency and coin (estimated) 3,391 -184 + 261 3,833 Total reserves held 2I7S2I -15B +1J 024" 21,313 Required reserves (estimated) 21,193 -203 +1, 070 21,220 Excess reserves (estimated) 428 + 45 - 46 1 93 On August 11, 1965, XL S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7>H3 million, a decrease of $1^0 million for the week and a decrease of $1,153 million Digitized for FRASER from the comparable date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESEEVE BAKKS (in milllcns of dollars) Change since Aug. 11, Aug. k, Aug. 12, 1965 1965 1964 A S S E TS Gold certificate account 11.95C -1,779 Redemption fund for F. R. notes + 183 Total gold certificate reserves 13,355 - 5 -l, 5% Cash 1583) 110 - 7 - 46 Discounts and advances 292 + 129 -IPC Acceptances: Bought outright 36 4 Held under repurchase agreements 20 U. S. Government securities: Bought outright-- Bills 8 cfk 4- 58 +2,896 } Certificates Notes 25,737 + 820 Bonds 5,384 + 548 Total "bought outright 39,185 + 58 +4~254 Held under repurchase agreements 274 -4n + 186 Total U. S. Government securities 39,459 -353 +4,450 Total loans and securities 39,787 -533 +4,555 Cash items in process of collection (1,342) 5,913 - 7 - 89 Bank premises 101 - l l Other assets 1,072 + 29 + 5l4 TOTAL ASSETS (1,925) £0,567 -522 +3,337 L I A B I L I T I ES Federal Reserve notes (583) 35,462 +192 +2,546 Deposits: Member "bank reserves 17,48o -929 + 727 U. S. Treasurer--general account 916 +108 - 101 Foreign 245 + 87 + 1C7 Other 192 + 8 - 11 Total deposits 18,833 -726 + 722 Deferred availability cash items (1,342) 4,632 - 7 4- 119 Other liabilities and accrued dividends 403 - 9 4- 200 TOTAL LIABILITIES (1,925) 59,330 -550 +37 6SS C A P I T AL ACCOUNTS Capital paid in ~ 5J4.3 + 2^ Surplus 52k - 46o Other capital accounts 170 + 27 + 90 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,925) %075%T -522 +3,33. Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 37-7$ -.2$ 7 Contingent liability on acceptances purchased for foreign correspondents ihB 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 11, 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- Govern!ne nt securities Discounts and Changes advance: s Acceptances Holdings during week Within 15 days 286 8 5,246 -482 l6 days to 90 days 6 28 3,977 + 75 91 days to 1 year -.- -- 18,238 + *k Over 1 year to 5 years -.-. 10,1^8 -- Over 5 years to 10 yeairrss „ 1,439 __ Over 10 years - - -- 371 -- Total 292 3 39,459 -353 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF COKDITIOW OF EACH FEDERAL RESERVE BAKE ON AUGUST 11, 1965 1 San 1 Total iBoston New Fhila-j Cleve 1 Rich [Atlanta Chicago St. Minne Kansas FranjDallas York delphia j land mond 11 Louis apolis City 1 1 C * isco (in millions of dollars) A S S E TS Gold certificate account 11,950 665 2,620 700 975 1,051 747 2,290 467 214 471 343 1,407 Redemption fund for F- R. notes 1,634 92 386 89 141 129 93 3C5 62 31 63 54 189 Total gold certificate reserves 13,584 757 3,CC6 789 1,115" lTTPc mo 2,595 529 245 534 397 1,596 F. R. notes of other Banks 583 6c 150 44 32 63 56 52 19 23 16 24 44 Other cash 110 1C 20 4 8 7 10 22 6 3 5 4 11 Idscounts and advances 292 33 72 17 13 93 4 33 11 __ Acceptances: Bought outright 36 — 36 — U- S- Government securities: B ought cut r ight-- Bills 8,c64 420 1,983 419 670 549 437 1,350 3C0 169 318 335 1,114 Certificates -.- -- __ -- -- --. -• _- -- -- -- -- -- Notes 25,737 1,339 6,329 1,336 2,139 1,751 1,396 4,308 959 540 1,014 1,070 3,556 Bonds 5,384 28C 1,324 280 447 366 292 901 201 113 212 224 744 Total 39,1851 2,039 9,636" 2,035 3,256 2,666 2,125 6,559 1,460 822 1,5^ 1,629 5,414 Held under repurchase agreements 274 — 274 -- -- -- -- — -- — — -- Total U. S. Government securities 39,459 2,039 9,910 2,035 3,256 2,666 2,125 6,559 i,46o 822 1,544 1,629 5,4l4 Total loans and securities 39,787 2,072 10,018 2,052 3,258 2,675 2,138 6,652 1,465 826 1,577 l,64o 5,414 Cash items in process of collection 7,255 474 1,225 473 517 557 644 1,189 362 245 452 367 750 Bank premises 101! 3 8 3 5 5 20 21 6 3 6 11 10 Other assets 1,072 53 274 57 93 61 61 161 __ 38 25 47 54 148 TOTAL ASSETS 62,4921 3,429 14,701 3,422 5,029 4,548 3,769 10,692 2,425 1,370 2,637 2,497 7,973 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E-4.l(c) STATEMENT CF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 11, I965 San New Phila Cleve Rich- St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mend Louis apolis City cisco (In millions. of dollars) L I A B I L I T I ES Federal Reserve notes 36,0^5 2,153 8,l47 2,120 3,071 3,157 2,071 6,584 1,392 671 1,391 1,138 4,150 Leposits: Member bank reserves 17,^80 663 4,831 735 l,26l 780 999 2,733 622 407 779 872 2,798 U.S. Treasurer-general account 916 58 186 45 62 60 94 110 48 44 50 73 86 Foreign 2^5 11 1/72 13 21 12 14 33 8 5 11 14 31 Other 192 # 122 2 1 5 1 2 # 2 2 1 54 Total deposits 18,833 732 5,211 795 1,345 857 1,108 2,676 678 458 842 960 2,969 Deferred availability cash items 5,97^ 465 911 420 469 447 495 988 299 204 334 307 635 Other liabilities and accrued dividends ^03 19 107 21 35 22 23 60 14 9__ 17 22 54 TOTAL LIABILITIES 61,255 3,369 14,376 3,356 4,920 4,483 3,697 10,510 2,363 1,342 2,584 2,427 " 7,8c8 CAPITAL ACCOUNTS Capital paid in 543 26 142 29 49 27 32 78 19 13 24 32 72 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 170 9 46 8 13 12 9 29 5 3 6 1 23 TOTAL LIABILITIES AMD - 1 CAPITAL ACCOUNTS 62,492 3,429 i4,7Ci 3,422 5,029 4,548 3,769 ic,692_ 2,425 1,370 2,637 . 2,497 7,973 Contingent liability on acej eptances purchased for foreign correspondents 148 7 2/39 8 13 7 9 21 5 3 7 9 20 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 38,oc4 2,247 8,541 2,193 3,275 3,296 2,223 6,994 1,475 706 1,445 1,228 4,381 Collateral for F. R. notes: Geld certificate account 6,350 420 1,000 465 6co 803 400 1,100 295 127 225 i6o 735 Eligible paper 19 14 5 U. S. Government securities 32,815 1,845 7,700 1,800 2,775 2,54o 1,850 6, ice 1,260 595 1,250 1,10c 4, ceo Total collateral 39,184 2,265 8,700 2,279 3,375 3,343 2,250 7,200 1,560 722 1,475 1,280 4,735 1/ After deducting $173 "million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $109 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis