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 H.iVi^K^ For immediate release September 23, 19^5 The average of daily figures of total member bank reserves held during the week ended September 22 increased a net of $560 million to $22,l43 million. Estimated currency and coin of member banks decreased $82 million and their reserve balances at the Federal Reserve Banks increased $642 million. Estimated required reserves increased $564 million; and estimated excess reserves decreased $4 million to $460 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $167 million, compared with the revised net borrowed figure of $94 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $718 million in Federal Reserve float, $87 million in U. S. Government securities held under repurchase agreements, and $69 million in member bank borrowings, and decreases of $169 million in currency in circulation, $92 million in "other" F. R» accounts (net), and $25 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $467 million in U. S. Government securities bought outright, and increases of $36 million in Treasury deposits with Federal Reserve Banks and $l6 million in other deposits with Federal Reserve Banks. Total Reserve Bank credit increased $410 million. As of Wednesday, September 22, holdings of U. S. Government securities bought outright were $349 million lower than a week earlier and member bank borrowings were $665 million higher. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Sept. 22, Sept. 15, Sept. 23, Sept. 22, and related items 1965 1965 1964 1965 Reserve Bank credit: U. S. Government securities-- Bought outright--System account 38,621 -467 +3,717 38,619 Held under repurchase agreements 87 H 87 + 87 Acceptances-- Bought outright 35 36 Held under repurchase agreements Discounts and advances-- Member bank borrowings 627 + 69 + 218 Other 8 + 2 + 7 6 Float 2,539 +718 + J_4 1,986 Total Reserve Bank credit 41,918 +4To +4,098 Sl75>7 Gold stock 13,858 + 1 -l,6o4 13,859 Treasury currency outstanding 5,470 - 99 5,469 +4To So78T5 61,245 +2,394 Currency in circulation 40,319 -169 +2,127 40,315 Treasury cash holdings 812 + 3 + 364 826 Treasury deposits with P. R. Banks 1,023 + 36 + 61 1,000 Foreign deposits with F. R. Banks 187 - 25 + 56 180 Other deposits with F. R- Banks 207 + 16 + 14 208 Other F. R. accounts (net) 220 - 92 - 834 __2l§ 42,769 -232 +T7F87 4"2,7^7 Member bank reserves: With Federal Reserve Eanks 18,478 +642 + 608 18,128 Currency and coin (estimated) 3,665 - 82 + 279 4,033 Total reserves held 22,143 +5S0 +~887 22~l5i Required reserves (estimated) 21,683 +564 + 908 21,71^ Excess reserves (estimated) 460 - 4 - 21 447 On September 22, I965, U. S. Government securities held in custody "by the Federal Reserve Banks for foreign account were $7,646 million, an increase of $257 million for the week and a decrease of $861 million from Digitized for FRASER http://fratshere.s tlocuoismfepda.orrga/ ble date a year ago. Federal Reserve Bank of St. Louis

H. If. 1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDEBAL RESERVE BANKS (in millions of dollars) Change since Sept. 22, Sept. 15, Sept. 23, 1965 1965 1964 A S S E TS Gold certificate account 11,931 - 1 -1,772 Redemption fund for F. R. notes 1,653 - 2 + 160 Total gold certificate reserves 13,584 -1,612 Cash (747) 123 + 6 - 40 Discounts and advances 9C6 +665 + 175 Acceptances: Bought outright 36 Held under repurchase agreements 14 U. S. Government securities: Bought outright— Bills 7,24l -349 +2,663 Certificates Notes 24,828 - 249 Bonds 6,550 +1,424 Total bought outright 38,619 -349 +3,838 Held under repurchase agreements Total U. S. Government securities 387619 -349 +37838 Total loans and securities 39,561 +316 +3,999 Cash items in process of collection (1,738) 7,686 -129 +1,010 Bank premises 102 Other assets 1,168 + 22 + 579 TOTAL ASSETS (2,485) 62,224 +212 +3,936 L I A B I L I T I ES Federal Reserve notes (747) 35,520 -135 +2,585 Deposits: Member bank reserves 18,128 +644 + 516 U. S. Treasurer--general account 1,000 -146 - 47 Foreign 180 - 16 + 52 Other 208 - 3 + 9 Total deposits 19,516 +479 + 530 Deferred availability cash items (1,738) 5,700 -156 +1,054 Other liabilities and accrued dividends 323 + 226 TOTAL LIABILITIES (2,485) 61,059 +188 +4,395 C A P I T AL A C C O U N TS Capital paid in 544 + 27 Surplus 524 - 466 Other capital accounts 97 + 24 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,485) 62,224 +212 +3,936 Ratio of gold certificate reserves to F. R. note liability .(computed from figures as shown on the following pages--not consolidated) 37-5$ - 7- Contingent liability on acceptances purchased for foreign correspondents 1^1 +1 + 11 * 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 22, 196$ (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 advance> S Acceptances Holdings during week Within 15 days 893 9 923 - 33 l6 days to 90 days 13 27 9,583 -289 91 days to 1 year « ..-. 17,795 - 27 Over 1 year to 5 years -- 8,1+81* -- Over 5 years to 10 yeairrss « 1,^9 -- Over 10 years — -- 385 -- Total 906 36 38,619 ^ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 22, I965 San New Phila- Cleve Rich St. Minne Kansas Total 1 Boston Atlanta Chicago Dallas Fran York ' delphia land mond Louis apolis City cisco (Tn millions of dol]L ars) A S S E TS Gold certificate account 11;931 723 2,998 640 1,069 1,089 566 2,024 420 152 376 283 1,591 Redemption fund for F- R. notes 1,653 94 381 89 i4o 134 96 313 62 31 66 55 192 Total gold certificate reserves 13,584 817 3,379 729 1,209 1,223 662 2,337 482 183 442 338 1,783 F. R* notes of other Banks 747 78 153 64 38 83 63 76 25 32 25 33 77 Other cash 123 11 18 6 10 7 10 24 6 4 5 5 17 Discounts and advances 906 5 339 8 1 32 42 333 7 28 63 19 29 Acceptances: Bought outright 36 -- 36 — — -- -- — -- -- — -- -- U. S. Government securities: Bought outright-- Bills 7,24l 372 1,776 375 597 492 398 1,210 269 160 291 301 1,000 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 6,550 337 1,606 340 540 445 360 1,094 243 145 263 273 90* Total 38,619 1,985 9,^71 2,003 3,184 2,623 2,121 6,451 1,433 855 1,553 1,608 5,332 Held under repurchase agreements -- -- -- — -- -- -- -- -- -- -- -- -- Total U. S. Government securities 38,619 1,985 9,471 2,003 3,184 2,623 2,121 6,451 1,433 855 1,553 1,608 5,332 Total loans'and securities 39,561 1,990 9,846 2,011 3,185 2,655 2,163 6,784 l,44o 883 1,616 1,627 5,361 1 j Cash items in process of collection 9,424 605 1,759 548 640 750 761 1,549 457 301 575 467 1,012 Bank premises 102 3 8 3 5 5 20 21 7 3 6 11 10 Other assets 1,168 56 302 63 102 63 68 170 40 27 54 63 lc'O TOTAL ASSETS 64,709 3,560 15,465 3,424 5,189 4,786 3,747 10,961 2,457 1,433 2,723 2, 544 8,420 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 22, 1965 San Total Boston New Phila Cleve Rich Atlanta Chicago St. Minne- Kansas Dallas Fran York delphia land mond Louis apoli s City cisco (In millions; of dollars) L I A B I L I T I ES Federal Reserve notes 36,267 2,162 8,15^ 2,126 3,101 3,205 2,080 6,657 1,393 679 1,391 1,147 4,172 Deposits: Member hank reserves 18,128 701 5,081 694 1,336 777 959 2,774 612 418 824 896 3,056 U.S. Treasurer-general account 1,000 40 385 34 34 107 63 81 30 41 32 37 116 Foreign 180 9 1/47 10 16 9 11 26 6 4 8 10 24 Other 208 * 135 * 1 6 1 2 * 3 3 1 56 Total deposits i 19,516 750 5,648 738 1,387 899 1,034 2,883 ~6T8~ "456" 867 944 3,252 Deferred availability cash items 7,438 576 1,275 481 569 603 547 1,203 365 253 400 369 797 Other liabilities and accrued dividends ! 323 16 82 17 28 19 18 49 11 8 14 17 44 TOTAL LIABILITIES :63,544 3,504 15,159 3,362 5,085 4,726 3,679 10,792 2,417 1,406 2,672 2,477 8,265 CAPITAL ACCOUNTS Capital paid in i 544 26 143 29 49 27 32 78 19 13 24 32 72 Surplus ! 524 25 137 29 47 26 31 75 18 23 31 7C 12 Other capital accounts \ _27_ 5 26 4 8 7 5__ 16 3__ 4_ k__ 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1 64,709 3,560 15,465 3,424 5,189 4,786 3,747 10,961 2,457 2 2,723 2,544 8.42C Contingent liability on accept _l^433 ances purchased for foreign correspondents l4l 7__ g/37 8 13 7 8 20 5„_ 3_ 6 8 19_ FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 2,263 8,516 2,211 3,313 3,346 2,237 7,083 1,479 717 1,459 1,243 4,465 Collateral for F. R. notes: Gold certificate account 420 1,000 465 600 833 450 1,100 295 127 225 180 735 Eligible paper 7 7 U. S. Government securities 1,865 7,700 1,800 2,775 2,j5 6j) 1,8§0 6,100 1,260 605 1,250 1,100 4.000 Total collateral 2,285 8,700 2,272 3,375 3,393 2,300 7,200 1,562 732 1,475 1,280 4,735 1/ After deducting $L33 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $L04 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis