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.4.1**** For immediate release October 7, 1965 The average of daily figures of total member "bank reserves held during the week ended October 6 increased a net of $194 million to $22,084 million. Estimated currency and coin of member banks decreased $131 million and their reserve balances at the Federal Reserve Banks increased $325 million. Estimated required reserves increased $30 million; and estimated excess reserves increased $164 million to $496 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $40 million, compared with the revised net borrowed figure of $221 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $776 million in.U. 3. Government securities bought outright and $27 million in acceptances held under repurchase agreements. The principal offsetting changes were a decrease of $177 million in Federal Reserve float, and increases of $202 million in currency in circulation and $87 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $618 million. As of Wednesday, October 6, holdings of U. S. Government securities bought outright were $222 million higher than a week earlier and member bank borrowings were $376 million higher. Averages of daily figures Member bank reserves, Week ended Change from week endecj. Wednesday, Reserve Bank credit, Oct. 6, Sept. 29, Oct. 7, Oct. 6, and related items 1965 1965 1964 1965 (In millions of dollars) Reserve Bank credit: U« G. Government securities- Bought outright--System account 39,850 +776 +4,301 39,791 Held under repurchase agreements - 210 Acceptances— Bought outright 4o 4 + 2 39 Held under repurchase agreements 37 27 - 24 36 [Discounts and advances- Member bank borrowings 536 - 17 + 166 499 %her 11 + 5 + 9 12 Float -177 - 99 1,543 Total Reserve Bank credit 42,196 +4,145 la, 920 Gold stock 13,857 -l,6c6 13;859 Treasury currency outstanding 5,477 - 11 5,491 61,530 +2,463 61,270 Currency in circulation 4o,488 +202 +2,279 40,692 Treasury cash holdings 797 - l4 + 340 802 Treasury deposits with F. R. Banks 1,048 + 87 + 210 1,224 Foreign deposits with F. R. Banks 187 - 12 + 56 183 Other deposits with F. R. Banks 221 + 22 + 17 210 Other £\ R. accounts (net) 233 + 11 - 870 228 42,973 +295 +2,031 43,339 Member bank reserves: With Federal Reserve Banks 18,557 +325 + 432 17/931 Currency and coin (estimated) 3.527 -131 + 393 3,675 Total reserves held 22,084 +194 + 825 21,606 Required reserves (estimated) 21,588 + 30 + 762 21,468 Excess reserves (estimated) 496 +164 + 63 j 138 On October 6, 1965, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,718 million, an increase of $120 million for the week and a decrease of $675 million from the comparable date Digitized for FRASER a year ago* http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Oct. 6, Sept. 29, Oct. 7, 1?65 196"5 1964 A S S E TS Gold certificate account 11,928 - 10 -1,760 Redemption fund for F. R. notes +_J + 160 Total gold certificate reserves I3758T -i,6co - 3 Cash (639) HO - 7 - h3 Discounts and advances 511 +381 + 299 Acceptances: Bought outright 39 + 1 1 Held under repurchase agreements 36 + 13 - 26 U. S. Government securities: Bought outright-- Bills 8,4i3 +222 +3,116 Certificates Notes 24,828 - 305 Bends 6,550 +1,328 Total bought outright 39,791 +222 +47139 Held under repurchase agreements - 209 Total U. S. Government securities ¥7(91 +222 Total loans and securities 40,377 Cash items in process of collection (1,543) 6,018 Bank premises 102 Other assets TOTAL ASSETS (2,182) 61,426 L I A B I L I T I ES Federal Reserve notes "* (639) 35,838 +244 +2,658 Deposits: Member bank reserves 17,931 +134 + 14 U. S. Treasurer--general account 1,224 +372 + 602 Foreign 183 - 12 + 44 Other 210 + 6 Total deposits 19754^ +491 + 666 Deferred availability cash items (1,543) 4,475 - 77 + 368 Other liabilities and accrued dividends 346 + 10 + .226 TOTAL LIABILITIES +3,928 (2,182) 60,207 C A P I T AL A C C O U N TS Capital paid in "" "~ 545 Surplus 524 Other capital accounts 150 + 24 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,182) 6l,426 +693 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 37.2$ -.2$ - 7.8$ Contingent liability on acceptances purchased for foreign correspondents 155 +6 + 29 * 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, OCTOBER 6, 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 495 42 921 - 42 16 days to 90 days 16 33 9,832 + 54 91 days to 1 year 18,720 +210 Over 1 year to 5 years 8,484 Over 5 years to 10 years 1,449 Over 10 years — , 38j> Total 511 75 39,791 +222 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 OCTOBER 6, 1965 San Total Boston Nev Phila Cleve Rich Atlanta Chicago St. Minne Kansas Dallas Fran York delphia land mond 1 Louis apolis City cisco (in millions of dollars) A S S E TS Gold certificate account 11,928 895 2,036 787 1,005 1,153 771 2,179 494 364 572 330 1,342 Redemption fund for F. R. notes 1,656 94 389 89 140 132 96 312 61 31 65 55 192 Total gold certificate reserves ! 13758H 989 2,^25 876 1,145 1,285 867 2,491 555 395 637 385 1,534 F. R. notes of other Banks ; 639 70 131 49 32 77 54 64 21 32 23 31 55 Other cash 110 10 15 7 8 6 10 20 6 3 5 5 15 J}JLsc cunts and advances ! 511 2 44 2 23 32 14 315 8 6 38 14 13 Acceptances: 3ought outright i 39 — 39 — -- -- -- -- -- -_ -- -- __ "Held under repurchase agreements 36 -- 36 -- — _- „ -- -- -- -- -- U.. S. Government securit ie S • ' Bought outright — Bills ! 8,413 436 2,130 435 702 571 k^O 1,367 310 152 327 351 1,182 Certificates -- -- -- -- -- -- „ -- -- -- -- -_ -.-. Notes i 24,828 1,286 6,286 1,283 2,073 1,684 1,326 4,036 913 450 965 1,038 3,488 Bonds ! 6,5501 339 1,658 338 547 444 350 1,065 24l 119 255 274 920 Total ! 39,791 2,061 10,074 2,056 3,322 2,699 2,126 6,468 1,464 721 1,547 1,663 5,590 Held under repurchase agreements -- -- -- -- -- -- -- -- „ -- -- -- -- Total U. S. Government securities .32*191 _2jC6l_ ^IQ^QTJL. _2,.056__ 3a322__ „2*62SL 2,126 6,468 1,464 721 „i,.5j±I_ l>663_. 5,590. Total loans and securities 4o,377 2,063 10,193 2,058 3,345 2,731 2,140 6,783 1,472 727 1,585 1,677 5,603 Cash items in process of collection 7,56l 494 1,357 448 509 616 593 1,295 374 253 486 386 750 Bank premises 102 3 8 3 5 5 20 21 7 3 6 11 10 Other assets 1,235 58 328 66 108 68 70 179 42 27 56 65 168 TOTAL ASSETS 63,608 3,687 14,457 3,507 5,152 4,788 3,754 10,853 2,477 l,44o 2,798 2,560 8,135 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CCNDITICN OF EACH FEDERAL RESERVE BANK ON OCTOBER 6, 1965 San Total Boston New Phila Cleve Rich- Atlanta iChicago St. Minne Kansas Dallas Fran York delphia land mend Louis apolis City cisco (In millions 5 of dollars) L I A B I L I T I ES Federal Reserve notes 36,^77 2,172 8,187 2,130 3,H3 3,244 2,1C6 6,705 1,398 679 1,400 1,151 4,192 Deposits: Member "bank reserves 17,931 875 4,475 794 1,309 873 1,030 2,687 663 454 874 945 2,952 U.S. Treasurer-general account 1 1,224 87 227 101 123 86 66 160 63 60 97 58 96 Foreign 183 1/50 10 16 9 U 26 6 4 8 10 24 Other ! 210 1 131 * 1 7 1 1 * 2 3 1 62 Total deposits 19,548 972 4,883 905 1,449 975 1,108 2,874 732 520 982 1,014 3,134 Deferred availability cash items ; 6,018 469 977 388 451 485 450 1,043 293 205 349 309 599 Other liabilities and accrued dividends 346 16 91 19 30 20 19 53 12 8 14 17 47 TOTAL LIABILITIES 62,389 3,629 14,138 3,442 5,C43 4,724 3,683 10,675 2,435 1,412 2,745 2,491 7,972 CAPITAL ACCOUNTS Capital paid ±& 545 26 143 29 49 28 32 78 19 13 24 32 72 Surplus 524 25 137 29 47 26 75 18 12 23 70 Other capital accounts 150 7 39 7 13 10 38" 25 5 3 21 TOTAL LIABILITIES AND CAPITAL ACCOUNTS J>l,6c8 3,687 14,457 3,507 5,152 4,788 -3-il5L- 10,853 2.477 1,440 2,798 2,560 8,135__ Contingent liability on accept ances purchased for foreign correspondents 155 I_ 2/4l 2_ 14 8 9_ 22 5_ 3_ I_ 2_ 21 FEIERAL RESERVE AGENT'S ACCOUNTS V. R. notes outstanding 2,266 8753T~2j2C5 37312 37371 27240 TJvfB 17472 7T6 1?&3 17241 4,450 Collateral for F. R. notes: Gold certificate account 440 1,0C0 465 6C0 833 450 1,100 295 127 225 180 735 Eligible paper U. S. Government securities 1,865 7.700 1,800 2,775 2,560 1,850 6,100 1,260 605 1,250 1,100 4,000 Total collateral 2,305 8,700 2,266 3,375 3,393 2,300 7,200 1,563 732 1,475 1,280 4,735 y After deducting $133 million participations of other Federal Reserve Banks. * Less than $500,000. ?' After deducting $Ll4 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis