H.4.1 Factors Affecting Reserve Balances of Depository Institutions

y.o'qiis^- 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 26, 1965 The average of daily figures of total member bank reserves held during the week ended August 25 increased a net of $15 million to $21,527 million. Estimated currency and coin of member banks increased $95 million and their re serve balances at the Federal Reserve Banks decreased $80 million. Estimated required reserves decreased $57 million; and estimated excess reserves increased $72 million to $398 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $l48 million, compared with the revised net borrowed figure of $165 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $78 million in Federal Reserve float, $66 million in U. S. Government securities bought outright, and increases of $112 million in "other" F. R. accounts (net), $60 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $64 million in U. S. Government securities held under repurchase agreements and $55 million in member bank borrowings, and a decrease of $83 million in currency in circulation. Total Reserve Bank credit decreased $25 million. As of Wednesday, August 25, 1965, holdings of U. S. Government securities bought outright were $77 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $174 million higher, and member bank borrowings were $126 million higher. Averages o_f__daily figures Member bank reserves, Week ended [Change from week ended Wednesday, Reserve Bank credit, Aug. 25, Aug. 18, Aug. 26, Aug. 25, J5^ reirated. Items _ 1965 1965 1964 1965 (in millions of dollars) Reserve Bank credit: U- S. Government securities- Bought outright--System account 38,971 - 66 +4,o42 39,026 Held under repurchase agreements 163 + 64 + 4l 174 Acceptances--bought outright 36 + 1 2 36 Discounts and advances-- Member bank borrowings 546 + 55 + 217 454 Other 1 - 1 + 1 Float 1,692 - 27 1,317 - 78 Total Reserve Bank credit 4i,4o9 -f4,272 41,007 - 25 Gold stock * 13,858 -l,6o4 13,859 Treasury currency outstanding 5,441 + 15 - 122 5, h53 60,707 - 12 +2,545 60,319 Currency in circulation 4o,119 - 83 +2,121 40,124 Treasury cash holdings 824 + 12 + 395 822 Treasury deposits with F.R. Banks 908 + 60 10 812 Foreign deposits with F.R. Banks 218 - 17 + 73 217 Other deposits with F.R. Banks 178 - 12 10 184 Other P. R. accounts (net) 578 + 112 - 636 540 42,823 + 70 +1,931 42,699 Member bank reserves: With Federal Reserve Banks 17,885 - 80 + 615 17,619 Currency and coin (estimated) 3,642 + 95 + 301 4,c46 Total reseives held •21,527 + 15 + 916 21,665 Required reserves (estimated) 21,129 - 57 + 989 21,144 Excess reserves (estimated) 398 + 72 - 73 521 On August 25, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,lk6 million, a decrease of $13 million for the week and a decrease of $1,095 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.^.l(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Aug. 25, Aug-"18/ Aug. 26, 1965 1965 1964 A S S E TS ~~ • ^^— ^ Gold certificate account 11,957 + 18 -1,750 Redemption fund for F. R. notes l,639 - 2 + 17^ Total gold certificate reserves 13,596 + TE -1,576 Cash (666) ill -; - ^ Discounts and advances ^ +126 + 316 Acceptances—bought outright 36 2 U. S. Government securities: Bought outright-- Bills 7,868 + kO +2,756 Certificates Notes 24,750 +13 - 227 Bonds 6,kc8 + 2h +1,kgo Total bought outright 39,026 + 77 +4,019 Held under repurchase agreements 174 +17^ + 102 Total U> S. Government securities 39,200 +251 +4,121 Total loans and securities 39 69C +377 +4,435 } Cash items in process of collection (1,512) 5,655 .999 + 331 Bank premises 102 Other assets 899 + 74 + 484 TOTAL ASSETS (2,178) feo,053 -532 +1*626 L I A B I L I T I ES Federal Reserve notes (666) 35,342 - 97 +2,595 Deposits: Member "bank reserves 17,6l9 +238 +1,129 U. S. Treasurer--general account 812 -137 - 264 Foreign 217 -- + 31 Other 184 - 4 10 Total deposits 18,832 +97 + 886 Deferred availability cash items (1,512) 4,338 -560 + 338 Other liabilities and accrued dividends 362 - 1 + 260 TOTAL LIABILITIES (2,178) 58,874 -561 +4,079 C A P I T AL A C C O U N TS Capital paid in ~ 544 +1 + 28 Surplus 524 -- - 466 Other capital accounts m +28 - 15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,178) 60,053 -532 +3,626 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 37.8$ +.1$ - 7-8$ Contingent liability on acceptances purchased for foreign correspondents l47 - 1 + 13 * Figures in parentheses are the eliminations made i*i the consolidating process; see comparable figures on combined basis on the following pages* " MATURITY DISTRIBUTION OF LOANS AHD SECURITIES^ AUGUST 25, 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 advanceJ S Acceptances Holdings during week Within 15 days khk 11 1,366 +103 16 days to 90 days 10 25 10,096 + 91 91 days to 1 year — -- 17,619 + 20 Over 1 year to 5 years -- 8,3^1 + 2k Over 5 years to 10 yeaUTrSs -- 1,387 + 13 Over 10 years -- -- 371 • «•> Total 45^ 3& 39,200 +251 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.l("b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK CK AUGUST 25, 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 11.957 706 2,836 655 937 1.055 657 2,206 429 232 498 283 1,463 Redemption fund for F. R. notes 1.639 95 384 88 141 136 92 304 62 31 63 55 188 Total gold certificate reserves 13.596" 801 3,220 743 1,078 1.191 749 2,510 491 263 561 ' 338 • 1,651 F. R. notes of other Banks 666 70 149 53 35 69 66 61 25 28 21 29 6c Other cash 111 11 18 5 8 8 10 22 5 3 4 5 12 Discounts and advances 454 25 198 22 11 33 16 81 10 4 35 12 7 Acceptances: Bought outright ; 36 36 U. S. Government securities: Bought outright-- Bills 7,868 4ic 1,935 408 6 5 4 535 427 1,317 293 165 310 327 1,087 Certificates Notes 24,750 1,288 6,086 1,285 2,057 1,684 1,342 ^,143 922 519 975 1,029 3,420 Bonds 6,4c8 333 1.576 333 533 436 ^47 1,073 239 134 253 266 885 Total 2,031" 9,597 " 2,026 3,244 2,655 2,116 6,533 1 ,^ 818 1.538 1,622 5,392 Held under repurchase agreements I 174 174 T Total U. S. Government securities 39,200 2,031 9,771 2,026 3,244 2.655 2,116 6,533 1,454 818 1.538 1,622 5,392 Total loans and securities 39,690 2,056 ic,005 2,0.48 3.255 2,688 2,132 6,614 1,464 822 1,573 1,634 5,399 Cash items in process of collection 483 1,217 433 510 560 622 1,217 329 232 460 425 679 Bank premises 3 8 5 5 20 21 7 3 6 11 10 Other assets ^3 232 h9 79 48 52 130 31 21 4l 49 124 TOTAL ASSETS 3,467 14,849 3,33^ M7C ^,569 3,651 10,575 2,352 1,372 2,666 2,491 7,935 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 25, 1965 San Total Boston New Phila Cleve- Rich Atlanta Chicago St. Minne-, Kansas Dallas Fran York delphia land mond Louis apolis City ]" cisco ^Iri millions of dollars") L I A B I L I T I ES Federal Reserve notes 36,006! 2,147 8,139 2,122 3,073 3,174 2,057 6,594 1,388 666 1,381 1,138 4,127 Deposits: Member "bank reserves 17,619j 710 5,082 673 1,235 778 952 2,679 591 401 763 885 2,650 U.S. Treasurer-general account 812 j 72 106 71 50 56 65 60 46 65 8o 40 101 Foreign 217' 10 1/58 12 19 11 13 31 7 5 10 12 29 Other 184 * 122_ _._! 3 3. L. 2_ * _2_ 1_ SL Total deposits 16,832 792 5,36& 757 1,305 848 1,031 2,772 644 471 875 938 3,031 referred availability cash items 453 372 455 465 474 984 267 197 343 328 572 Other liabilities and accrued 5,850 940 dividends 18 20 3I_ 21 20 _5L .11. _2_ 16 ^2_ 48 TOTAL LIABILITIES 61,035622 3, Mo l4,_5243o_ 3,271 4,864 4,508 3,582 ic,4o4 2,312 1,345 2,615 2,423 7,778 CAPITAL ACCOUNTS Capital paid in 544 26 143 29 49 27 32 78 19 13 24 32 72 1 Surplus 524 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 111 _ _§2_ 5 10 8 6 18 3 2 4 5 15 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 62,231 -2*ML. 14,849 -ixiaiL, 4,970 _4^62_ _3^5l_ 10,575 _2i352_ _i*m_ 2,666 _2,J£1_ _JL221_ Contingent liability on accept ances purchased for foreign correspondents 147 7 2/38 8 13_ 7 9 21 5 3 7 9 20 FEDERAL RESERVE AGENT'S ACCOUNTS F- R. notes outstanding 8,515 2,2i4 3,280 3,319 2,214 7,024 1,468 703 1,448 1,242 4,4i6 Collateral for F. R. notes: Gold certificate account 1,000 465 6co 803 4co 1,100 295 127 225 180 735 Eligible paper 22 10 U. S. Government securities 7,700 1,800 2,775 .2,56c 1,850 6,10c 1,260 595 1.250 1.100 4.000 Total collateral 8,700 2,287 3,375 3,363 2,250 7,200 1,565 722 1,475 1,280 4,735 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