H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Factors Affecting Bonk Reserves uni Condition Statement of F.IL Banks For immediate release September 30, 1965 The average of daily figures of total member bank reserves held during the week ended September 29 decreased a net of $190 million to $21,92*1- million. Estimated currency and coin of member banks increased $56 million and their reserve balances at the Federal Reserve Banks decreased $246 million. Estimated required reserves decreased $9^ million; and estimated excess reserves decreased $96 million to $3^0 million. Member bank borrowings at the Federal Reserve Eanks exceeded excess reserves by $213 million, compared with the revised net borrowed figure of $191 million the week before • The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $64l million in Federal Reserve float, $87 million in U* S. Government securities held under repurchase agreements, and $7^ million in member bank borrowings. The principal offsetting changes were an increase of $^53 million in U. S. Government securities bought outright, and decreases of $62 million in Treasury deposits with Federal Reserve Banks and $33 million in currency in circulation. Total Reserve Bank credit decreased $3^0 million* As of Wednesday, September 29, holdings of U. S. Government securities bought outright were $950 million higher than a week earlier and member bank borrowings were $777 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Sept. 29, Sept. 22, Sept. 30, Sept. 29, and related items 1965 1965 1964 1965 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 39,074 +453 +3,917 39,569 Held under repurchase agreements — - 87 - 29 -- Acceptances-- Bought outright 36 + 1 + 1 38 Held under repurchase agreements 10 + 10 - 32 23 Discounts and advances-- Member bank borrowings 553 - 74 + 275 123 Other 6 - 2 + 4 7 Float 1,898 -64l - 45 1,405 Total Reserve Bank credit SI7578" -34o +4,091 41,165 Gold stock 13,858 -- -1,603 13,859 Treasury currency outstanding 5,474 + 4 - 82 5,472 60,910 -335 +2,407 60,496 Currency in circulation 40,286 - 33 +2,211 40,417 Treasury cash holdings 811 - 1 + 371 8o4 Treasury deposits with F. R. Banks 961 - 62 + 47 852 Foreign deposits with F. R. Banks 199 + 12 + 38 195 Other deposits with F. R. Banks 199 - 8 + 13 213 Other F. R. accounts (net) 222 + 2 - 844 218 42,678 - 90 +1,837 ¥27699 Member bank reserves: With Federal Reserve Banks 18,232 -246 + 570 17,797 Currency and coin (estimated) 3,692 + 56 + 214 4,073 Total reserves held 21,924 -190 + 784 21,870 Required reserves (estimated) 21,584 - 94 + 832 21,654 Excess reserves (estimated) 340 - 96 - 48 216 On September 29, I965, U. S- Government securities held in custody by the Federal Reserve Banks for foreign account were $7,598 million, a decrease of $U8 million for the week and a decrease of $775 million from Digitized fort FhReA ScERo mparable date a year ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (3h millions of dollars) Change since Sept* 29, Sept. 22, Sept, 30, ASSETS - MS 12«5 iSSt_ Gold certificate account 11,93$ + 7 -1,763 Redemption fund for F, R. notes 1,6^9 z it + l60 Total gold certificate reserves 13,587 + 3 -1,603 * Cash (714) 117 - 6 .- kh Discounts and advances 130 - 776 + 35 Acceptances: Bought outright 38 + 2 Held under repurchase agreements 23 + 23 38 U. S. Government securities: Bought outright-- Bills 8,191 + 950 +3,22k Certificates Notes 24,828 — - 277 Bonds 6,550 11 +1,372 Total bought outright 39,569 + 950 +4,319 Total U. S. Government securities 39,569 + 950 +4,21? Held under repurchase agreements — — - 100 Total loans and securities 39,760 + 199 +4,216 Cash items in process of collection (1,522) 5,957 -1,729 + 61 Bank premises 102 -- _- Other Assets 1,210 + 42 + 690 TOTAL ASSETS (2,236) 60,733 -1,491 +3,320 L I A B I L I T I ES Federal Reserve notes (71*0 35,59^ , lk +2,658 Deposits: Member bank reserves 17,797 - 331 + 676 U. S. Treasurer--general account 852 - 148 - 81 Foreign 195 + 15 + Wj Other 213 + 5 + 19 Total deposits 19,057 - ^59 + 66l Deferred availability cash items (1,522) 4,552 -l,lW3 + 223 Other liabilities and accrued dividends 336 + 13 + 230 TOTAL LIABILITIES (2,236) 59,539 -1,520 +3,772 C A P I T AL A C C O U N TS Capital paid in 5^ " + 26 Surplus 52^ — - ^66 Other capital accounts 126 + 29 - l£ TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,236) 60,733 -1,491 +3,320 Ratio of gold certificate reserves to F, R, note liability (computed from figures as shown on the following pages—not consolidated) 37*4$ -1$ • 7«8$ Contingent liability on acceptances purchased for foreign correspondents 149 +8 +22 * 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 29, 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 111188 3322 996633 + ^° 16 days to 90 days 1122 2299 99,,777788 +195 91 days to 1 year „— -—- 1^8^,5l1O0 +715 Over 1 year to 5 years --. 8,484 5 Over 5 years to 10 yeairrss -- 1,449 Over 10 years -.- -_ , 385 —— Total T13o0o 6611 3399,,556699 +950 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 29, 1965 San 1 Total Boston New Phila Cleve Rich Atlanta Chicago St. Minne Kansas Dallas Fran York delphia land mond Louis apolis City cisco (in milli ons; of dollars) A S S E TS Gold certificate account i 11.938 754 2,767 691 1,048 1,141 629 2,160 476 223 489 322 1,238 Redemption fund for F* R. notes ! _ i^ 94 380 82_. 139 134 96 313 61 31 65 55 192 Total gold certificate reserves ; 13.587 848 3,147 780 1,187 1,275 725 2,473 537 254 554 377 1,430 F. R. notes of other Banks i l lh 75 142 60 35 79 60 69 24 33 26 33 78 Other cash 117 10 17 6 8 7 10 23 6 3 5 6 16 Discounts and advances 130 9 27 4 3 12 12 33 2 6 12 9 1 Acceptances: Bought outright 1 38 -- 38 -- -- -- -- _ _ - - __ -- Held under repurchase agreements 23 -- 23 -- -- -- -- --. - _ -.- --. -- U. S. Government securities: Bought outright-- Bills 8,191 420 2,030 425 675 556 450 1,368 304 161 330 341 1,131 Certificates -- -- -- -- -- -.-. ... - - -._ - -. Notes 24,828 1,276 6,152 1,288 2,047 1,686 1,363 4,147 921 487 999 1,034 3,428 Bonds 6_L5J20 . -317 1*623 340 540 445 360 -JU02L_ 243 __ 128 263_ 2J3__ 204 Total 39,569 2,033 9,805 2,053 3,262 2,687 2,173 6,609 1,468 776 1,592 1,648 5,463 Held under repurchase agreements __ -- __ -- -- -- -- -.- -._ Total U. S« Government securities 39,569 2,033 9,805 2.053 3.262 2.687 2.173 6.609 1.468 776 1.592 1.648 5.463 Total loans and securities 39,760 2,042 9,893 2,057 3,265 2,699 2,185 6,642 1,470 782 1,604 1,657 5,464 Cash items in process of ! collection 7,479 482 1,302 443 519 577 623 1,316 37^ 249 471 413 710 Bank premises | 102 3 8 3 5 5 20 21 7 3 6 11 10 Other assets | 1,210 57 318 64 108 66 gL_ 17X._ 42_ 28 55 63 163 TOTAL ASSETS | 62,969 3,517 14,827 3; 413 5,127 4,708 3,692 10,721 2,460 1,352 2,721 2,560 7,871 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 OK SEPTEMBER 29, 19^5 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 dolL]a rs) L I A B I L I T I ES Federal Reserve notes 36,308 2,165 8,164 2,127 3,107 3,218 2,090 6,657 1,39^ 677 1,395 1,1^9 ^,165 Deposits: Member "bank reserves 17,797 779 i+,999 735 1,352 817 9^1 2,666 641 395 834 900 2,738 U.S. Treasurer-general account 852 26 68 72 47 106 63 117 62 3^ 66 86 105 Foreign 195 9 1A7 11 18 10 12 28 7 5 9 12 27 Other 213 1 149 * 15 1 3 1 * 2 * 50 Total deposits 19,057 815 5,263 818 1,418 938 1,017 2,814 711 434 911 998 2,920 Deferred availability cash items 6,074 463 1,002 387 466 470 496 1,024 302 205 3^9 328 582 Other liabilities and accrued dividends 336 16 86 18 29 20 19 52 12 8 14 17 ^5 TOTAL LIABILITIES 61,775 3,^59 14,515 3,350 5,020 4,646 3,622 10,547 2,419 1,324 2,669 2,492 7,712 CAPITAL ACCOUNTS Capital paid in 544 26 143 29 49 27 32 78 19 13 24 32 72 Surplus 524 25 137 29 hi 26 31 75 18 12 23 31 70 Other capital accounts 126 7 32 5 11 9 7 21 4 3 5 5 17 . TOTAL LIABILITIES AND CAPITAL ACCOUNTS 62,969 3,517 14,827 3,^13 5,127 4,708 3,692 10,721 2,46o 1,352 2,721 2,560 7,871 Contingent liability on accept ances purchased for foreign c orre spondent s 149 L_ 2/39 8 13 8 9 21 5_ 3_ 7_ 9_ .„J<L=. FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 8,523 2,205 3,305 3,353 2,235 7,067 T7W 717 1,555" T7241 4,452 Collateral for F. R. notes: Gold certificate account 1,000 465 600 833 450 1,100 295 127 225 180 735 Eligible paper 2 2 U. S. Government securities 7,700 1,800 .2*115- .2^60, 1,850 6,100 1,260 605 1,250 1,100 4,000 Total collateral 2,305 8,700 2,267 3,375 3,393 2,300 7,200 1,557 732 1,475 1,280 4,735 1/ After deducting $148 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $110 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis