H.4.1 Factors Affecting Reserve Balances of Depository Institutions

s&g&ti'. F E D E R AL R E S E R VE Factors Affecting Bonk Reserves and H/W*iS? Condition Statement of F.R. Banks For immediate release October 21, 1965 The average of daily figures of total member bank reserves held during the week ended October 20 increase $55^ million to $22,260 million. Estimated currency and coin of member banks increased $185 million and their reserve balances at the Federal Reserve Banks increased $369 million. Estimated required reserves increased $358 million; and estimated excess reserves increased $196 million to $^9^ million. Member bank borrowings at the Federal Researve Banks exceeded excess reserves by $97 million ccmpared with the revised net borrowed figure of $197 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $^93 million in Federal Reserve float, $96 million in member bank borrowings, and $32 million in U. S. Government securities held under repurchase agreements, and a decrease of $125 million in "other'1 F. R. accounts (net). The principal offsetting changes were a decrease of $325 million in U. 3. Government securities bought outright, and increases of $3^ million in currency in circulation, and $32 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $286 million. As of Wednesday, October 20, holdings of U. S. Government securities bought outright were $700 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $207 million lower, and member bank borrowings were $557 million lower. Averages of daily figures Member bank reserves, Week ended 1 Change from week endeWde dnesday, Reserve Bank credit, Oct. 20, Oct. 13, Oct. 21, Oct. 20, and related items 1965 1965 196^ 1965 (in millions of dollars) Reserve Bank credit: U. 8. Government securities— Bought outright--System account 39 Mk -325 +^515 39,200 Held under repurchase agreements 62 + 32 + 62 Acceptances-- Bought outright ko 39 Held under repurchase agreements - 18 Discounts and advances-- Member bank borrowings 591 + 96 + 211 381 Other 20 + 8 + 18 33 Float 2,210 +493 - 338 1,872 Total Reserve Bank credit 42, Zk-J +286 +4,469 41,525 Gold stock 13,858 + 1 -1,605 13,859 Treasury currency outstanding 5,501 + 8 - 37 5,508 61,705 +295 +2,827 60,892 Currency in circulation 40,848 + 3k +2,4i6 40,837 Treasury cash holdings 810 + 8 + 321 813 Treasury deposits with F. R. Banks 1,053 + 32 + ki 891 Foreign deposits with F. R. Banks 170 - 8 + ko 162 Other deposits with F. R. Banks 204 - Ik + 15 ! 201 Other F. R. accounts (net) 78 -125 - 888 75 43,162 - Ik +1,944 i 42,979 Member bank reserves: With Federal Reserve Banks 18,544 +369 + 884 : 17,913 Currency and coin (estimated) 3,7l6 +185 + 375 1 4,070 Total reserves held 22,260 +55^ +1,259 I 21,983 Required reserves (estimated) 21,766 +358 +1,192 j 21,812 Excess reserves (estimated) k9k +196 + 67 ( 171 On October 20, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,003 million, an increase of $216 million for the week and a decrease of $i+25 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(a) CONSOLIDATED STATEMENT OF CCEDTTION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Oct. 20, Oct. 13, Oct. 21, 1965 .. 19^5 1964 A S S E TS Gold certificate account 11,917 - 10 -1,750 Redemption fund for F. R. notes 1,659 + e + 157 Total gold certificate reserves 13,576 -1,593 Cash (656) 126 14 - 30 Discounts and advances 4l4 - 757 Acceptances: Bought outright 39 536 Held under repurchase agreements U. 3. Government securities: 17 Bought outright— Bills 7,822 +3,4i4 Certificates 493 Notes 24,828 - 305 Bonds 6,550 +1.326 Total "bought outright 39,200 - 493 +4,437 Held under repurchase agreements - 207 Total U. S. Government securities 39.200 - 700 +4,437 Total loans and securities 39,653 -1,253 +3,681 Cash items in process of collection (1,858) 7,166 + 487 + 533 Bank premises 102 Other assets 1,27* +_ 22 + 635 TOTAL ASSETS (2,514) 61.901 732 +3.226 L I A B I L I T I ES Federal Reserve notes (656) 35,985 123 +2,733 Deposits: Member bank reserves 17,913 426 + 222 U. S. Treasurer--general account 891 25 - 318 Foreign 162 6 + 47 Other 201 + 6 + 21 Total deposits 19,167 451 28 referred availability cash items (1,858) 5,294 174 + 785 Other liabilities and accrued dividends 291 12 + 195 TOTAL LIABILITIES (2,pi4) 60,737 76C +3,685 C A P I T AL A C C O U N TS Capital paid in 546 + 25 Surplus 524 - k66 Other capital accounts 94 27 - 18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,5l4) 6l,901 732 +3*226 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 37»1$ + •!$ - 7«7# Contingent liability on acceptances purchased for foreign correspondents 155 +1 + 32 * 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 20, 1965 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) u. Government securities Discounts and Changes advance; s Acceptances Holdings during week VJithin 15 days 379 6 1,044 - 88 16; days to 90 days 26 33 9,481 -3^7 91 days to 1 year 9 -- 18,357 -265 Over 1 year to 5 years «- 8,484 Over 5 years to 10 yeairrs s _- 1,449 Over 10 years -- — 385 Total 514" 39 39,200 -700 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 20, 1965 San New Phila Cleve- Rich St. Minne- Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land i mond Louis apolis City cisco (in millions of dollars) A S S E TS Gold certificate account 11,917 867 2,248 633 1,038 1,023 701 2,269 527 347 483 311 1,470 Redemption fund for F. R. notes _l,6.5fi -93. 388 _9.0 J3SL _131_ ._9_6_ _312_ 63 ._1L _£5_ _55_ .1£>6 Total gold certificate reserves 13,576! 960 2,636 723 1,177 1,154 797 2,581 590 378 548 366 1,666 F. R. notes of other Banks 656 63 153 42 31 85 55 62 20 30 23 32 60 Other cash 126 11 19 7 11 10 10 21 6 3 6 5 17 Discounts and advances 4l4 9 76 88 80 19 46 35 38 Acceptances: Bought outright 39 39 U» S. Government securities: Bought outright-- Bills 7,822! 405 1,980 404 653 531 418 1,272 288 142 304 326 1,099 Certificates Notes 24,828 1,286 6,286 1,283 2,073 1,684 1,326 4,036 913 450 965 1,038 3,488 Bonds £^50. 332 .338- ~5-4X 4Jtk -350 Q.65-. 2kL 119 255 274 920 Total 39,200 2/030" 9,924 2,025 3,273 2,659 2,094 *6 ,373 1/442 711 1,524 TTolS" 5,507 Held under repurchase agreements Total U. S. Government securities 39,200 2,030 9,924 2,025 3,273 2,659 2,094 6,373 1,442 711 1,524 1,638 _5 z _50j_ Total loans and securities 39,653 2,039 10,039 2,027 3,276 2,747 2,103 6,453 1,461 720 1,570 1,673 5,545 Cash items in process of collection 9,024 595 1,620 543 612 721 749 1,534 438 289 559 447 917 Bank premises 102 3 8 3 5 5 20 21 7 3 6 11 10 Other assets J*2Z8 61 339 69 ill 70 73 186 44 26 57 68 174 TOTAL ASSETS 64,415 3,732 14,814 3,414 5,223 4,792 3,807 10,858 2,566 1,449 2,769 2,602 8,389 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 OCTOBER 20, I965 San Total Boston New Phila Cleve Rich Atlanta Chicago St. Minne Kansas Dallas Fran York delphia land mond Louis apolis City cisco L I A B I L I T I ES (a millions of dollL ars) Federal Reserve notes 36,641 2,185 8,218 2,l42 3,13k 3,264 2,122 6,729 1,402 682 1,400 1,154 4,209 Deposits: Member tank reserves 17,913 856 4,671 676 1,330 804 994 2,637 680 429 812 939 3,085 U. S. Treasurer-general account 891 61 180 43 72 30 43 81 46 92 67 107 Foreign 162 8 1/44 9 8 9 23 5 4 7 9 22 Other 201 * 129 1 6 5 2 1 * 2 1 54 Total deposits 19,16?" 925 5,02T" 729 1,^13 890 1,038~ 2,705 1,0i6~~ 37268~ 767 479~ "9T3™ Deferred availability cash items 7,152 552 1,192 466 546 1,211 350 717 Other liabilities and accrued 561 562 3^7 255 393 dividends 291 Ik 75 15 26 ^5 10 6 15 40 17 16 12 TOTAL LIABILITIES 63,25r 3,676~ 14,509 3,352 5,119 4,732 3,738 10,690 27520" 17422 2,535 8,234 2,718 CAPITAL ACCOUNTS Capital paid in 546 ! 26 143 29 49 28 33 78 19 13 24 32 72 Surplus i 524 1 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts ! 94| 5 25 4 8 6 5 15 3 2 4 4 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 6k,4l5 3,732 l4,8l4 3,414 5,223 4,792 3,807 10,858 2,566 1,449 2,769 2,602 8,389 __ Contingent liability on accept ances purchased for foreign correspondents 155_ 1 7 ^40 9 14 8 9 22 5 4 7 9 21 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding "2726^" oTSTf 2,220 3734"? "3V391 "27272 77c§9 1,495 719 TJ&j 17250 4,488 Collateral for F. R. notes: Gold certificate account 44o 1,oco 465 6co 833 450 1,100 295 127 225 180 735 Eligible paper 18 U. S. Government securities 1,865 7,700 1,800 2,950 2,590 1,850 6,100 1,260 605 1,250 1,100 4,000 Total collateral 2,305 8,700 2,265 3,550 3,423 2,300 7,200 1,573 732 1,475 l,28o 4,735 ^/"After deducting "^li8~"million participations of other Federal Reserve Banks" *Less than $500,000. 2/ After deducting $xi5 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis