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 For immediate release October lk, I965 The average of daily figures of total member bank reserves held during the week ended October 13 decreased a net of $337 million to $21,717 million. Estimated currency and coin of member banks increased 5J&5 million and their reserve balances at the Federal Reserve Banks decreased $382 million. Estimated required reserves decreased $2C1 million; and estimated excess reserves decreased $136 million to $306 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $189 million, compared with the revised net borrowed figure of $9^ million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $101 million in U. S. Government securities bought outright and $kl million in member bank bcrrowings, and an increase of $326 million in currency in circulation. The principal offsetting changes were an increase of $30 million in U. 3. Government securities held under repurchase agreements, and decreases of $30 million in "other" F. R. accounts (net) and $27 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $135 million. As of Wednesday, October 13, holdings of U. S. Government securities bought outright were $98 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $207 million higher, and member bank borrowings were $1*39 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Oct- 13, Oct. 6, Oct. Ik, Oct. 13, and related items 1965 196k 1965 1965 (In millions of dollars Reserve Bank credit: U. S. Government securities-- Bought outright--System account 39,7^9 -101 +4,217 39;693 Held under repurchase agreements 30 + 30 - 101 207 Acceptances- Bought outright ko 1 39 Held under repurchase agreements 18 - 19 38 17 Discounts"and. advances— ' Member bank borrowings 1^95 - kl + 256 938 Other 12 + 1 + 10 12 Float 1,717 - k - 158 1,211 Total Reserve Bank credit 42,061 +4,185 k2,117 -135 Gold stock 13,857 -1,605 13,859 Treasury currency outstanding 5,^93 + 16 48 5,503 z 61,1*10 -120 +2,531 61,479 Currency in circulation 4o,8l4 +326 +2,3^9 k09& } Treasury cash holdings 802 + 5 + 332 812 Treasury deposits with F.R. Banks 1,021 - 27 + 156 916 Foreign deposits with F.R. Banks 178 - 9 + 1+5 168 Other deposits with F. R. Banks 218 - 3 + kl 195 Other F. R. accounts (net) 203 - 30 - 825 81 ^3,236 +263 +2,096 43,1^0 Member bank reserves: With Federal Reserve Banks 18,175 -382 + 436 18,339 Currency and coin (estimated) 3,5^2 + ^5 + 296 h,o^ Total reserves held 21,717 -337 + 732 22,37^ Required reserves (estimated) 21, kU. -201 + 836 21,781 Excess reserves (estimated) 3C6 -136 - 10^ 593 On October 13, 1965, tl. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7/787 million, an increase of $69 million for the week, and a decrease of $5j6 million from the ccmpax-akle date Digitized foar FRyAeSaErR ago. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OP THE TWELVE FEEEEAL RESERVE BANKS (in millions of dollars) Change since Oct. 13, Oct. 6, Oct, Ik, 1965 1965 1964 A S S E TS Gold certificate account 11,927 1 -1,750 Redemption fund for F. R. notes 1,6*51 5 + 1^9 Total gold certificate reserves 13,578 6 -1,601 Cash (566) 112 + 2 - 38 Discounts and advances 950 *69 + 871 Acceptances: Bought outright 39 1 Held under repurchase agreements 17 19 35 U. S. Government securities: Bought outright — Bills 8,315 98 +3,559 Certificates Notes 214,826 - 305 Bonds 6,550 4-1,328 Total "bought outright 39,693 9& +1*., 582 Held under repurchase agreements 207 207 + 181 Total U, S« Government securities 39,900 +_ 109 +4,763 Total loans and securities 40,906 + 529 +5,598 Cash items in process of collection (1,7^2) 6,679 + 549** - 274 Bank premises 102 Other assets 1 256 + 21 + 615 TOTAL ASSETS (2,3C8) 62]633 x991** +4,300 L I A B I L I T I ES Federal Reserve notes (566) 36,108 + 270 +2,756 Deposits: Member hank reserves 18,339 + 4o8 +1,487 U. 8. Treasurer--general account 916 3C8 - 126 Foreign 168 15 + 38 Other 195 15 6 Total deposits 19,618 +~~ 70 +1,393 Deferred availability cash items (1,742) 5,^68 + 881** + 415 Other liabilities and accrued dividends 303 43 + 200 TkyfeJ TOTAL LIABILITIES (2,308) 61,497 +1 ,178** C A P I T AL A C C O U N TS Capital paid in ~ 545 + 25 Surplus 524 - 466 Other capital accounts 67 83 - 23 TOTAL LIABILITIES ANr CAPITAL ACCOUNTS (2,308) 62,633 +1,095** +4.300 Ratio of gold certificate reserves to F. R. notes liability (computed from figures as shown on the following pages—not consolidated) 37*0$ .2$ - 7*8$ Contingent liability on acceptances purchased for foreign correspondents 15^ " "1 + 30 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. ** October 6 figures corrected* __ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 13, 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 advance IS Acceptances Holdings during week Within 15 days 935 23 1,132 +211 16 days to 90 days 15 33 9,828 - k 91 days to 1 year 18,622 - 98 Over 1 year to 5 years -_ 8 ,^ -- Over 5 years to 10 yeatrrss ..« 1,^9 -- Over 10 years -- — 385 -- Digitized for FRTAoStEaRl 950 56 39,9C0 +109 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(b) STATEMENT OF CONLITICK' OF EACH FEDERAL RESERVE BANK ON CCTOEER 13, I965 San Nev Phila Cleve Rich St. Minne Kansas Total Ecston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E TS Gold certificate account 11,927![ 783 2,429 758 954 1,075 618 2,435 457 338 550 296 1,234 Redemption fund for F. R. notes 1,651 93 388 89 139 132 96 312 61 31 65 54 191 Total gold certificate reserves 13,570 876 2,817 ' 847 a.,093 1,207 714 2,747 518 369 615 350 1,425 F. R. notes of other Eanks | 566 | 56 ice 34 31 76 52 59 19 29 21 27 54 Other cash j 1 9 16 8 8 8 10 20 5 3 6 5 14 > 112 Discounts and advances jI 950 30 223 11 24 27 26 475 13 32 48 9 32 Acceptances: \ ' Bought outright t| 39 «... 39 _- -- -._ -~ „ -- -_ — — Held under repurchase agreements 17 •.- 17 -- «.. • • --. -.- -- -.- _- „ — U. S« Government securities: j: Bought outright— j • Bills 8,315 ! 430 2,105 430 694 564 444 1,352 306 151 323 347 1,169 Certificates ,i -- --. -• __ -.- -«- -- -- __ -- __ -- Notes j| 24,828' • 1,286 6,286 1,283 2,073 1,684 1,326 4,036 913 450 965 1,038 3,488 Bonds f 1 6,550 339 1,658 338 547 444 350 1,065 24l 119 255 274 920 Total [[ 39,6931 2,055 10,049 2,051 3,3"13T 2,692 ~ 2,120 l,4b0~ 725" 1,543 1,659 5,577 Held under -repurchase jagreeiaents 207I 207 -- — -~ -- — — — -- " -- Total U. S. Government securities 39,900 2,055 10,256 2,051 3,31^ 2,692 2,120 6,453 1,460 720 1,543 1,659 5,577 Total loans and securities | 4o,9C6 2,c85 10,535 2,062 3,338 2,719 2,146 6,928 1,473 752 1,591 1,668 5,609 Cash items in process of collection 8,421 500 1,329 567 630 696 728 1,393 449 286 537 424 882 Bank premises ! 102 j 3 8 3 5 5 20 21 7 3 6 11 10 Other assets l,256j 60 334 66 109 70 71 183 43 27 56 66 171 TOTAL ASSETS 64,94i 3,589 15,147 3,587 5,214 4,781 3,7^1 11,351 2,514 1,469 2,832 2,551 8,165 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 OK OCTOBER 13, I965 "Saii 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 36,674 2,187 8,236 2,142 3,137 3,257 2,122 6,732 l,4c4 682 1,403 1,153 4,219 Deposits: Member bank reserves 18,339 728 5,168 783 1,245 822 952 2,880 645 470 857 916 2,873 U.S. Treasurer-general acc ount i 916 61 142 49 4i 57 42 62 88 50 124 76 122 Foreign | 168 8 1/42 10 15 8 10 24 6 4 8 10 23 Other ! !95 1 119 1 1 8 12 # * 2 1 59 Total deposits | 19,618 798 5,471 843 1,302 895 1,005 2,968 739 524 991 1,005 3,077 Deferred availability cash items 535 1,062 526 647 553 530 1,442 321 230 375 313 676 ! 7,210 Other liabilities and accrue d dividends 15 80 16 26 17 17 45 11 7 13 14 42 303 TOTAL LIABILITIES : 63,805 3,535 14,849 3,527 5,112 4,722 3,674 11,187 2,475 1,443 2,762 2,485 8,oi4 CAPITAL ACCOUNTS ! Capital paid in | 545 26 143 29 49 28 32 78 19 13 24 32 72 Surplus i 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts i 67 3 18 2 6 5 4 11 2 1 3 3 9 TOTAL LIABILITIES MD CAPITAL ACCOUNTS 64,94li 3,589 15,147 3,587 5,214 4,781 3,74l 11,351 2,514 1,469 2,832 2,551 8,165 Contingent liability on ace t ! — ept- | ances purchased for forei c orre spondents 154 7 i/ko 9 14 8 9 22 5 3 7 9 21 FEDEPAL RESERVE AGENTTS ACCOUNTS P. R. notes outstanding 2,272 8,562 2,209 3,322 3.390 2,258 7,085 1,493 7l4 1,453 1,255 4,475 Collateral for F. R. notes: Gold certificate account 41+0 1,000 465 6CC 833 450 1,1C0 £95 127 225 180 735 Eligible paper 1 — -- — -- 13 U« S. Government securities 1,865 7,700 i,8oc 2,775 2,590 1,850 6,100 1,260 605 1,250 1,100 4,000 Total collateral 2,305 8,700 2,266 3,375 3,423 2,300 7,200 1,568 732 1,475 1,280 4,735 1/ After deducting $126 million participatoen s of*~~ cwr V E*h^er .F,e d_e.ra~l_ R*e serve .y^a nks. *Less than^5CO,000. 2/ After deducting $lil{~ million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis