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 E.k.'i"" For immediate release September l6, 1965 The average of daily figures of total member "bank reserves held during the week ended September 15 increased a net of $86 million to $21,501 million. Estimated currency and coin of member banks increased $332 million and their reserve balances at the Federal Reserve Banks decreased $246 million. Estimated required reserves increased $59 million; and estimated excess reserves increased $27 million to $402 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $156 million, compared with the revised net borrowed figure of $108 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $251 million in U. S. Government securities bought outright, $l4l million in U. S. Government securities held under repurchase agree ments, and $35 million in acceptances held under repurchase agreements, and increases of $l8l million in currency in circulation and $89 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were in creases of $269 million in Federal Reserve float and $75 million in member bank borrowings, and decreases of $77 million in "other" F. R. accounts and $31 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $78 million. As of Wednesday, September 15, holdings of U. S. Government securities bought outright were $248 million lower than a week earlier and member bank borrowings were $201 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Sept. 15, Sept. 8, Sept. 16, Sept. 15, and related items JL9i5_ _126A —1965 (In millions of" dollars ) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 39,088 -251 +3,826 38,968 Held under repurchase agreements -l4i - 135 Acceptances— Bought outright 35 - 1 3 36 Held under repurchase agreements - 35 18 Discounts and advances- Member bank borrowings 558 + 75 + 333 235 Other 6 + 6 + 6 6 Float 1,821 +269 - 25 1,959 Total Reserve Bank credit 5-1,508 - 78 +3,984 41,204 Gold stock 13,857 - l -1,605 13,859 Treasury currency outstanding 5,470 + 8 94 5,473 60,835 - 71 z +2,285 60,536 Currency in circulation 40,488 +181 +2,063 4o,467 Treasury cash holdings 809 + 2 + 374 817 Treasury deposits with F. R. Banks 987 + 89 + 81 1,146 Fox-eign deposits with F. R. Banks 212 - 31 + 70 196 Other deposits with F. R. Banks 191 + 12 3 211 Other F. R. accounts (net) 312 - 77 - 851 216 43,000 +176 +1,735 43,053 Member bank reserves: With Federal Reserve Banks 17,836 -246 + 551 17,484 Currency and coin (estimated) 3,665 +332 + 211 4,096 Total reserves held 21,501 + 86 + 762 21,580 Required reserves (estimated) 21,099 + 59 + 727 21,235 cess reserves (estimated) 402 + 27 345 + 35 On September 15, 1965, U. S. Government securities held in custody by -al Reserve Banks for foreign account were $7,389 million, an increase ''.lion for the week and a decrease of $1,100 million from the comparable ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE fEtiERtd, RESERVE BANKS (in millions of dollars) Change since Sept. 15, Sept. 8, Sept, l6, A S S E TS -&&- ^ 5Sfi^_ Gold certificate account 11,932 - 18 -1,762 Redemption fund for F. E. notes 1>655 + 12 + 168 Total gold certificate reserves 137 5^7 -~ 6 -1,595 °*sh (689) 117 2 34 Discounts and advances 24l - 195 + 1§7 Acceptances: Bought outright 36 Held under repurchase agreements -- 23 18 U. S. Government securities: Bought outright-- Bills 7,590 ^ 248 +2,680 Certificates Notes 24,828 -- - 249 Bonds 6,550 — +1,424 Total bought outright - 248 +3,855 Held under repurchase agreements — — -- ZZH Total U. S. Government securities 38,968 +3,855 Total loans and securities 39,245 - 466 +4,004 Cash items in process of collection (1,803) 7,815 +2,316 - 155 Bank premises 102 -- __ Other assets 1,146 + 32 S+ ®63 7 TOTAL ASSETS (2,492) 1^012 +1,874 L I A B I L I T I ES Federal Reserve notes (689) 35,655 110 +2,527 Deposits: Member "bank reserves 17,484 + 37 + 471 U. S. Treasurer—general account 1,146 + 195 + 64 Foreign 196 - 35 + 42 Other 211 + 36 + 31 Total deposits 19,037 + 233 + 608 Deferred availability cash items (1,803) 5,856 +1,889 - 36 Other liabilities and accrued dividends 323 - 51 + 220 TOTAL LIABILITIES (2,492) 60,871 +1,961 +3,319 C A P I T AL A C C O U N TS Capital paid in 544 — + 27 Surplus 524 -- - 466 Other capital accounts 73 - 87 - 22 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS (2,492) 62,012 +1,874 +2,858 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 37^$ — - 7*7$ Contingent liability on acceptances purchased for foreign correspondents 1^0 2 +9 * 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, SEPTEMBER 15, 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 229 6 956 +171 16 days to 90 days 12 30 9,872 -329 91 days to 1 year -- -• 17,822 - 90 Over 1 year to 5 years -- 8,484 — Over 5 years to 10 yeairrss -- 1,449 -- Over 10 years _- -- 385 — Total 251 3S 357958 -"248 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 15, 1965 San New Phila Cleve- Rich- j St. Minne- Kansas Total Boston Atlanta Chicago Dallas Fraa- York delphia land mend 1 Louis apolis City cisco (In millions of dol]. ars) A S S E TS Gold certificate account 11,932 691 2,862 672 1,107 1,131 625 2,178 515 158 518 310 1,165 Redemption fund for F. R. notes 1L§51. 9k 382 .89 i4o 135 97 313 61 30 66 55 193 Total gold certificate reserves 13,587 785 3,244 76l 1,2*7 1,266 722 2,491 576 188 584 365 1,358 F. R. notes of other Banks 689 73 1*3 59 3k 77 65 75 23 30 24 27 59 Other cash 117 11 17 6 9 8 10 23 6 3 5 4 15 Discounts and advances 2kl 11 ko 6 7 T 39 90 2 8 25 11 .1 Acceptances: Bought outright I 36 36 U. S. Government securities: Bought outright-- Bills 7,590 389 1,862 393 626 516 417 1,268 282 168 305 316 1,048 Certificates -- " -- -- -- -- -- -- -- -- -- -- -- Notes 24,828 ! 1,276 6,089 1,288 2,0^7 1,686 1,363 4,l47 921 550 999 1,034 3,428 Bonds i 6,550 ! 337 1,606 340 54o 445 360 1>094 243 145 263 273 904 Total 38,968 ; 2,002 9,557 2,021 3,213 2,6kl 2,i4o 6,509 1,446 863 1,567 1,623 5,380 Held under repurchase agreements _- i __ -- -- -- __ -- __ -- -- -- -- Total U. S. Government securities 38,968 • 2,002 9,557 2,021 3,213 2,647 2,140 6,509 1,446 863 3,567 1,623 5,380 Total loans and securities 39,245 2,013 9,633 2,027 3,220 2,648 2,179 6,599 1,448 871 1,592 1,634 5,381 Cash items in process of collection 9,6l8 588 1,769 557 716 785 806 1,665 449 321 567 458 937 Bank premises 102 3 8 3 5 5 20 21 7 3 6 11 10 Other assets 1,3*6 55 296 63 101 61 66 168 39 27 52 62 156 TOTAL ASSETS 64,504 3,528 15,110 3,^76 5,332 4,850 3,868 11,042 2,548 1,443 2,830 2,561 7,916 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 SEPTEMBER 15, 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) L I A B I L I T I ES Federal Reserve notes 36,344 2,163 8,164 2,129 3,105 3,211 2,088 6,656 1,397 672 1,398 1,150 4,211 Deposits: Member "bank reserves 17,484 676 4,944 701 1,319 781 980 2,730 634 413 849 866 2,591 U.S. Treasurer-general account 1,146 57 158 72 113 120 80 117 103 56 90 83 97 Foreign 196 9 1/56 11 17 10 11 27 6 4 9 11 25 Other 211 * 133 1 * 7 2 2 1 4 3 1 57 Total deposits 19,037 742 5,291 785 1,449 918 1,073 2,876 744 477 951 961 2,770 Deferred availability cash items 7,659 552 1,273 484 647 644 622 1,296 357 260 417 367 740 Other liabilities and accrued -div-Mends 323 16 83 17 28 19 18 49 11 8 14 17 4^ TOTAL LIABILITIES 63,363 3,473 14,811 3,^15 5,229 4,792 3,801 10,877 2,509 1,417 2,780 2,495 7,764 "CfiEfTAL ACCOUNTS Capital paid in 544 26 143 29 h9 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 73 4 19 3 7 5 4 12 p 1 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 64,504 _ 3,528 15,110 3A76 5,332 M 50 3,868 11,042 2,5^8 1,443 2,830 2,561 7,916 . Contingent liability on accept ances purchased for foreign c orre spondent s 140 6_ g/^7 8_ ___13„ I_. 8 20 5_ i_ 6_ 8_ 19 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 8,524 2,215 3,298 3,347 2,231 7,100 1,482 711 1,457 1,248 4,455 Collateral for F. R. notes: Gold certificate account 1,000 465 600 833 4oo 1,100 295 127 225 180 735 Eligible paper 5 1 U. S. Government securities 7.700 1.800 2.775 2.560 1.850 6.100 1,260 605 1.250 1.100 4.000 Total collateral 8,700 2,270 3,375 3,393 2,250 7,200 1,556 732 1,475 1,280 4,735 l/ After deducting $140 millionparticipaticns of other Federal Reserve Banks, * Less than $500,000. 2/ After deducting $103 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis