H.4.1 Factors Affecting Reserve Balances of Depository Institutions

UO^GOV^ F E D E R AL R E S E R VE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.U.I For immediate release August 19, 1965 The average of daily figures "of total member hank reserves held during the week ended August 18 decreased a net of $71 million to $21,530 million. Es timated currency and coin of member banks increased $19*4- million and their re serve balances at the Federal Reserve Banks decreased $265 million. Estimated required reserves increased $9 million; and estimated excess reserves decreased $80 million to $338 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $153 million, compared with the revised net borrowed figure of. $198 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $293 million in U. S. Government securities held under repurchase agreements, $222 million in U. S. Government securities bought outright, and $125 million in member bank borrowings, and increases of $77 mil lion in currency in circulation and $37 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $290 million in Federal Reserve float and a decrease of $202 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $352 million. As of Wednesday, August 18, holdings of U. S. Government securities bought outright were $236 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $27^ million lower, and member bank borrowings were $36 million higher. Holdings of notes decreased $1,000 mil lion and bonds increased $1,000 million reflecting the exchange of $3,892 million 3-7/3$ notes maturing August 13, for $2,892 million kfo notes maturing February 15, 1967, and $1,000 million k<fo bonds maturing February 15, 19&9• Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Aug. 18, Aug. 11, Aug. 19, Aug. 18, and related items 1965 1965 1964 1965 (in"millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 39,037 -222 +4,182 38,949 Held under repurchase agreements 99 -293 + 99 Acceptances--bought outright 36 35 - 1 5 Discounts and advances — Member bank borrowings 491 -125 + 213 328 Other 2 - 1 + 1 __ Float 1,770 +290 - 25k 1,756 Total Reserve Bank credit 41,^3^ -352 +4,237 To7o59 Gold stock 13,858 -1,603 13,859 + i Treasury currency outstanding 5,426 - 132 5,434 60,719 -347 +2,503 60,362 Currency in circulation 4C,202 + 77 +2,c89 40,212 Treasury cash holdings 812 + 12 + 4co 829 Treasury deposits with F. R. Banks 848 -2C2 - 8k 949 Foreign deposits with F. R. Banks 235 + 37 + 91 217 Other deposits with F. R. Banks 190 - 1 9 188 Other F. R. accounts (net) 466 - 636 586 - k ^2,753 - 83 +1,851 42,981 Member bank reserves: With Federal Reserve Banks 17,965 -265 + 651 17,381 Currency and coin (estimated) 3,565 +194 + 296 3,879 Total reserves held 21,530 - 71 + 947 21,260 Required reserves (estimated) 21,192 + 9 +1,0C0 21,258 Excess reserves (estimated) 338 - 80 - 53 1 2 On August 18, I965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,159 million, an increase of $46 million for the week and a decrease of $1,106 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.h.1(a) CONSOLIDATED STATEMENT OF COffilTION OF THE TWELVE FEEERAEi .RESERVE! BANKS (in millions of Abll&rk) ^ Change since Aug. 18, Aug. 11, Aug. 19, 1965 1965 1964 A S S E TS Gold certificate account 11,939 - 11 -1,783 Redemption fund for F. R. notes 1,6*H + 7 + 187 Total gold certificate reserves 13,580 - E -1,596 Cash (602) 111 + 1 ^5 Discounts and advances 328 + 36 + 1^8 Acceptances--"bought outright 36 2 U. S. Government securities: Bought outright-- Bills 7,828 236 +2,81*2 Certificates Notes 24,737 -1, 000 - 180 6,384 +1, 000 +1,548 Bonds Total bought outright 38,949 236* +4,210 Held under repurchase agreements 274 Total U. S. Government securities 38,9*19 510 +4^210 Total loans and securities 39,313 - 474 +4,356 Cash items in process of collection (1,736) 6,654 + 74l + 491 Bank premises 102 + 1 Other assets 825 247 + 430 TOTAL ASSETS (2,338) 60,585 + T8" +3,636 L I A B I L I T I ES Federal Reserve notes (602) 35,439 23 +2,602 Deposits: Member hank reserves 17,381 99 + 769 U. S. Treasurer--general account 949 + 33 - 76 Foreign 217 28 + 77 Other 188 4 7 Total deposits 18,735 + 763 Deferred availability cash items (1,736) 4,898 + 266 + 463 Other liabilities and accrued dividends 363 40 + 267 TOTAL LIABILITIES (2,338) 597535 105 +4,095 C A P I T AL A C C O U N TS Capital paid in 5^3 + 27 - 466 Surplus 524 Other capital accounts 83 87 - 20 TOTAL LIABILITIES AND CAPITAL ACCOUNT! (2,338) 60,585 + 18 +3,636 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shora. on the following pages—not consolidated) 37-7$ - 7-8$ Contingent liability on acceptances purchased for foreign correspondents lk8 -- + 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, AUGUST 18, 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 veek ir Within 15 days 322 10 ; 1,283 "-3,963 16 days to 90 days 6 26 10,005 +6,C28 91 days to 1 year • ~ •*•• 17,599 - -639 Over 1 year to 5 years 8,317 --1,821 •»- Over 5 years to 10 yea\rXsS -_ 1,374 •- '115 Over 10 years m. w 3 371 , " Total 32^ 38,949 T- 510 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E- 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CK AUGUST 18, 1965 "— 1 San New Phila Cleve 1 St. Minne Kansas Total Boston Rich- 1 Atlanta Chicago itallas Fran York delphia land mond 1 Louis apolis City i cisco 1 (In millions of dollars) 1 A S S E TS Gold certificate account 11,939 671 3,C62 660 992 1,039 666 2,060 48C 195 469 331 1,314 Redemption fund for F. R. notes l,6hl 93 3&5 88 141 138 92 305 62 30 63 55 I89 Total gold certificate reserves 13,560 764 3,447 748 1,133 1,177 758 2,365 542 225 532 386 1,503 F. R. notes of other Banks 602 65 146 48 30 64 58 58 17 22 19 25 50 Other cash 111 10 20 4 8 7 10 21 6 3 5 4 13 Discounts and advances 328 65 47 22 4 20 77 6 c: 37 10 28 Acceptances: Bought outright 36 36 U. S. Government securities; Bought outright-- Bills 7,828 4c8 1,924 407 650 532 425 1,310 292 164 308 326 1,082 Certificates --. __ -- -- -- -- __ -- -- -- -- -- -- Notes 24,737 1,287 6,083 1,284 2,056 1,683 1,3^1 4,i4l 922 519 975 1,028 3,^18 Bonds 1 6,384 332 1,570 331 531 434 3^6 l, 069 238 134 252 265 882 Total 38,949 2,027 9,577 2,022 3,237 2,649 2,112 6,52c 1,452 817 1,535 1,619 5,382 Held under repurchase agreements -- -- -- -- -- -- __ -- -- -- — — -- Total U. S. Government securities 38,949 2,027 9,57": 2,022 3,237 2,649 2,112 6,52c 1A52 817 1,535 1,619 5,382 Total loans and securities 39,313 2,092 9,66c 2,044 3,24l 2,656 2,132 6,597 1,458 822 1,572 1,629 5,410 Cash items in process of collection 8,390 531 1,426 512 607 689 713 1,429 392 271 540 436 844 Bank premises | 102 3 8 3 5 5 20 21 1 3 6 11 10 Other assets 825 39 213 45 73 46 47 120 28 19 38 44 113 TOTAL ASSETS 62,923 3,5C4 14,920 3,4c4 5,097 4,644 3,738 ic,6ll 2,450 1,365 2,712 2,535 7,9^3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.5.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 18, 1965 San New Phila Cleve- Rich St. Minne Kansas Total Boston Atlanta jChicagoj Dallas Fran York delphia land mond Louis apolis City cisco (m millions of dollars) L I A B I L I T I ES Federal Reserve notes 36,05i 2,150 8,156 2,120 3,073 3,162 2,067 6,596 1,389 670 1,386 1,150 5,l52 leposits: Member bank reserves 17,381 713 5,988 707 1,278 767 955 2,607 620 395 779 896 2,678 U.S. Treasurer-general ac1 count 959 65 155 55 70 82 69 57 73 5o 95 67 ikk Foreign 217 10 1/58 12 19 11 13 31 7 5 10 12 29 Other 188 2 117 1 1 5 2 5 l 3 1 52 Total deposits 18,735 790 5,317 764 1,368 864 1,038 2,689 701 539 886 976 2,903 Deferred availability cash items 6,635 591 1,063 521 538 555 1,103 308 221 375 333 697 55o Other liabilities and accril ed dividends 363j 18 93 32 20 21 56 13 8 16 19 48 19 TOTAL LIABILITIES "S-, 773 3,559 14,619 3,353 57995 4,584 3,671 10,444 2,411 1,338 2,662 2, 468 7,790 CAPITAL ACCOUNTS Capital paid in 553 26 152 29 59 27 32 76 19 13 25 32 72 Surplus 525 25 137 29 57 26 31 75 18 12 23 31 70 Other capital accounts 83 5 22 3 7 7 k 15 2 2 3 4 11 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 62,923 3,505 15,920 3,505 5,097 4,655 3,738 jx>,_6ll_ 2,450 1,365 2,712,, 2,535 7,953 r Contingent liability on ace: eptances purchased for forej- gn correspondents 158 7 2/39 8 13 7 9 21 5 3 7 9 20 FEDERAL REGEliVE AGENT'S ACCOUNTS F. R. notes outstanding 38,077 2,255 8,533 2,202 3,290 3,301 2,219 7,008 1,472 705 1,451 1,255 5,407 Collateral for F. R. notes: Gold certificate account 6,350 520 1,000 565 600 803 5oo 1,100 2Q5 127 225 180 735 Eligible paper 19 13 6 U. S. Government securiti. es 32,815 1,845 7,700 1,800 2,775 2,540 1,850 6,10c 1,260 595 1.250 1.1C0 5.000 _ Total collateral 39,185 2,265 8,700 2, 278 3,375 3,353 2,250 7,200 1,561 722 1,575 1,280 5,735 1/ After deducting $159 million participations of other Federal Reserve Banks, * Less than $500,000. 2/ After deducting $1C9 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis