H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•'ijjyg&: 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 September 9, 1965 The average of daily figures of total member "bank reserves held during the week ended September 8 decreased a net of $143 million to $21,^32 million. Estimated currency and coin of member banks decreased $379 million and their reserve balances at the Federal Reserve Banks increased $236 million. 3stimated required reserves decreased $80 million; and estimated excess reserves decreased $63 million to $367 million. Member bank borrowings at the Federal Reserve Eanks exceeded excess reserves by $116 million, compared with the revised net borrowed figure of $107 million the week before* The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $265 million in U. S. Government securities bought outright, $125 million in Federal Reserve float, and $63 million in U. S. Govern ment securities held under repurchase agreements, and a decrease of $53 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $54 million in member bank borrowings, and an increase of $252 million in currency in circulation. Total Reserve Bank credit increased $4l6 million. As of Wednesday, September 8, holdings of U* S. Government securities bought outright were $217 million higher than a week earlier, and member bank borrowings were $305 million higher. Outright holdings of bills, notes, and bonds increased $65 million, $69 million, and $83 million, respectively. Averages of daily figures Member bank leserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Sept. 8, Sept. 1, Sept. 9, Sept. 8, and related items 1965 1965 1964 1965 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 39,339 +265 +4,105 39,216 Held under repurchase agreements 141 +63 - 236 Acceptances-- Bought outright 36 -- 3 36 Held under repurchase agreements 35 + 16 23 Discounts and advance s — Member bank borrowings - 54 436 Other Float 1,552 +125 11 I 1,532 Total Reserve Bank credit £17585 +416 +3,870 41,243 Gold stock 13,858 -l,6ok 13,859 Treasury currency outstanding 5,^62 + 8 - 104 5,469 60,906 +4r23 +2,161 60,571 Currency in circulation 40,307 +252 +2, 064 40,569 Treasury cash holdings 807 - 8 + 381 812 Treasury deposits with F. R. Banks 898 - 53 + 41 951 Foreign deposits with F. R. Banks 243 + 3 + 112 231 Other deposits with P. R. Banks 179 + 2 - 9 175 Other F. R. accounts (net) 389 - 9 - 831 386 42,824 +TBH +1, 759 43,124 Member bank reserves: With Federal Reserve Banks 18,082 +236 + 403 17,447 Currency and coin (estimated) 3,350 -379 + 350 3,741 Total reserves held 21,432 ^141 + 753 21,188 Required reserves (estimated) + 883 21,098 21,065 - 80 Excess reserves (estimated) - 130 1 90 367 - 63 On September 8, 1965, U- S. Government securities held in custocdy by the Federal Reserve Banks for foreign account were $7,271 million, an increase of $6 million for the week and a decrease of $87^ million from Digitized for FRASER the comparable date a year ago. 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 Sept. 8, Sept, 1, Sept. 9, o . „ o 1965 1965 196^ A m A S S E TS — Gold certificate account 11,950 -- -1,759 Redemption fund for F. R. notes _2zi§}3- Z 2. + 169 Total gold certificate reserves 13,593 - 3 -1,590 Cash (610) 119 +6 - 29 Discounts and advances ^36 +305 + 29^ Acceptances: Bought outright 36 — 2 Held under repurchase agreements 2 3 +5 1 U. S. Government securities: Bought outright— Bills 7,838 + 65 +2,726 Certificates Notes 24,828 + 69 - 236 Bonds 6,550 + 83 +1,453 Total "bought outright 39,216 +217 +3,943 Held under repurchase agreements -- - 360 Total U. S. Government securities 39,216 ±12 +3,583 Total loans and securities 39,711 +527 +3,876 Cash items in process of collection (1,28*0 5,499 -348 + 252 Bank premises 102 -- -- Other assets l,ll4 + 23 + 642 TOTAL ASSETS (1,894) 60,138 +205 +3,151 L I A B I L I T I ES Federal Reserve notes (610) 35,765 +393 +2,548 Deposits: Member bank reserves 17, 447 +665 + 304 U. S. Treasurer--general account 951 -309 + 112 Foreign 231 + 24 + 110 Other 175 - 6 - 31 Total deposits 18,80k +374 + 495 Deferred availability cash items (1,284) 3,967 -596 + 321 Other liabilities and accrued dividends 374 + 10 + 235 TOTAL LIABILITIES (1,894) 58,910 +181 +3,599 C A P I T AL A C C O U N TS Capital paid in 544 -- + 27 Surplus 524 -- - 466 Other capital accounts 160 + 24 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,894) 60,138 +205 +3,151 Ratio of gold certificate reserves to F. R. note liability (computed frcm figures as shown on the following pages—not consolidated) 37.k<fo -.3$ - 7-6^ Contingent liability on acceptances purchased for foreign correspondents 1^2 - 2 + 12 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. MATimiTY DISTRIBUTION OF LOANS AMD SECURITIES, SEPTEMBER 8, 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 week Within 15 days lj.28 31 785 16 days to 90 days 8 28 10,201 91 days to 1 year -- -- 17 oi2 Over 1 year to 5 years -- -~ Q,U8h Over 5 years to 10 years -- -- l,hh9 Over 10 years -- „ 385 Total I^g 59 39,216 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 8, 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 11,950 794 2,516 727 1,036 1,153 631 2,096 465 181 505 326 1,520 Redemption fund for F. R. notes 1,643 94 383 90 140 136 _ 92 304 62 31 63 55 193 Total gold certificate reserves 13,593 888 2,899 817 1,176 1,289 723 2,400 527 212 568 381 1,713 P. R. notes of other Banks 610 69 114 51 37 67 66 70 20 32 21 24 39 Other cash 119 11 26 5 8 7 10 21 6 4 4 4 13 Disccunts and advances 436 20 51 48 5 36 229 2 3 25 11 6 Acceptances: Bought outright 36 _- 36 -- -- -_ — _.. -- _•. «.„ Held under repurchase agreements 23 -- 23 -- -- -- — -_ -.- __ _- -._ U. S. Government securities: Bought outright— Bills 7,838 402 1,923 4o6 646 533 430 1,309 291 174 316 326 1,082 Certificates -- -- _- -.- --. -- — __ - - — - Notes 24,828 1,276 6,089 1,288 2,047 1,686 1,363 4,147 921 550 999 1,034 3,428 Bonds 6x550 . ._J3T_ 1,606 340 540 445 360 1x024 243 145 263 273 904 Total 39,216 2,015 9,618 2,034 3,233 2,664 2,153 6,550 1,455 869 1,578 1,633 5,414 Held under repurchase agreements -- -- — -- -- -- _- -- -_ -- -- -- Total U. S. Government securities 39,216 2,015 _2,6l8_ _2;034_ „_2x664_. 2 15_3__ 6x55P_ _JJt55_ 869 _lx528_ 1,633_ 5,414 ? Total leans and securities 39,711 2,035 9,728 2,082 3,233 2,669 2,189 6,779 1,457 872 1,603 1,644 5,420 Cash items in process of collection 6,783 416 1,264 437 457 584 594 1,114 324 213 433 307 640 Bank premises 102 3 8 3 5 5 20 21 7 3 6 11 10 Other assets 1,114 53 289 61 28_ 59_ 65 162 38 24 52 60 153 TOTAL ASSETS 62,032 3,475 14,328 3,456 5,014 4,680 3,667 10,567 2,379 1,360 2,687 2,431 7,988 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 8, I965 ! 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) L I A B I L I T I ES Federal Reserve notes 36,375 2,162 8,185 2,131 3,096 3,206 2,086 6,658 1,397 670 1,400 1,150 4,234 Deposits: Member hank reserves 17,447 712 4,517 777 1,280 864 981 2,717 594 432 797 896 2,88C U.S. Treasurer-general account 951 81 162 83 84 68 69 64 59 53 102 34 9- Foreign 231 11 1/61 13 21 11 14 33 8 5 10 13 3: Other 175 * 106 * 7 1 2 1 1 3 1 5: •* Total deposits : 18,804 804 4,846 873 1,385 950 1,065 2,816 662 491 912 944 3,05c Deferred availability cash items 5,251 432 879 367 392 438 423 855 265 162 306 248 484 Other liabilities and accrued dividends ^74 18 96 20 32 22 21 58 13 9 16 19 5C. TOTAL LIABILITIES 6o,8o4 3^16 i4,oo6 3,391 4,905 4,6l6 3,595 10,387 2,337 1,332 2,634 2,361 7,824 CAPITAL ACCOUNTS Capital paid in 544 26 143 29 49 27 32 78 19 13 24 32 12 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts 160 8 42 7 13 11 9 27 5 3 6 7 22 TOTAL LIABILITIES At© CAPITAL ACCOUNTS 62,032 .3,475 14,328 3,456 5,014 .4,680.. 3,667 10,567 2,379 1,360 2,687 2,431 7,986__ Contingent liability on accept ances purchased for foreign correspondents 142 7 2/37 8 13 7 8 20 5 3 7 8 1? FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 2,260 8,540 2,210 3,290 3,320 2,232 7,097 1,465 704 1,452 l,24l 4,44l Collateral for F. R. notes: Gold certificate account 420 1,000 465 600 880033 440000 11,,110000 295 127 225 180 735 Eligible paper 10 -•) — — — 1 U. S. Government securities 1,865 7,7.00 1,800 2,775 2,560 1,850 6,100 1,260 595 1,250 1,100 4 f 00Q Total collateral 2,285 8,700 2,275 3,375 3,363 2,250 7,200 1,556 722 1,475 1,280 4,735 1/ After deducting $170 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $105 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis