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 November k 1965 } The average of daily figures of total member bank reserves held during the week ended November 3 increased a net of $2^9 million to $22,089 million. Estimated currency and coin of member banks decreased $70 million and their reserve balances at the Federal Reserve Banks increased $319 million. Estimated required reserves increased $73 million; and estimated excess reserves increased $176 million to $368 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $118 million, compared with the revised net borrowed figure of $l46 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $537 million in U. 3. Government securities bought outright and $lU8 million in member bank borrowings and a decrease of $48 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were a decrease of $28l million in Federal Reserve float and increases of $95 million in "other" F. R. accounts (net) and $8l million in currency in circulation. Total Reserve Bank credit increased §khQ million. As of Wednesday, November 3, holdings of U. S. Government securities bought outright were $1,039 million higher than a week earlier and member bank borrowings were $269 million higher. Averages of daily- figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 3, Oct. 27, ! Nov. 4, Nov. 3, and related items 1965 1965 I 1964 i 1965 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 39,829 +537 +4,187 40,277 Held under repurchase agreements -- -- - 69 1 -- Acceptances— Bought outright 42 + 2 + 3 43 Held under repurchase agreements 43 + 22 4 40 Discounts and advances-- Member bank borrowings 486 +148 + 10 602 Other 47 + 13 + 44 33 Float 1,635 -281 + 1 1,392 Total Reserve Bank credit 42,082 +440 +4,172 42,387 Gold stock 13,858 + 1 -l,6c4 13,859 Treasury currency outstanding 5,5l4 + 10 + 9 5,533 61^53 +451 +2,576 61,779 Currency in circulation 40,8lO + 81 +2,364 40,996 Treasury cash holdings 795 - 8 + 311 795 Treasury deposits with F. R. Banks 927 - 48 + 261 . 945 Foreign deposits with F. R. Banks 154 - 7 + 32 168 Other deposits with F. R. Banks 2lk + 18 + 17 194 Other F. R. accounts (net) 176 + 95 - 935 248 ^3,077 +133 +2,051 43,346 Member bank reserves: With Federal Reserve Banks 18,377 +319 + 526 18,432 Currency and coin (estimated) 3,712 - 70 + 353 3.867 Total reserves held 22,089 +249 + 879 22,299 Required reserves (estimated) 21,721 + 73 + 952 21,884 Excess reserves (estimated) 368 +176 - 73 | 415 On November 3, 1965, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7;923 million, a decrease of Digitized $fo1r 7FR6A SmEiRl lion for the week and a decrease of $253 million from the comparable http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4il(a) CONSOLlIAttfit) StfA^MEM» Of CONDITION OF THE TWELVE FEDlHAL BESEKVE BANKS (in millions of dollars) Change since Nov. 3, Oct. 27, Nov. 4, 1965 1?65_ 1964 A S S E TS Gold certificate account 11,905 -1,775 Redemption fund for F. R. notes 1,673 4 + 176 Total gold certificate reserves 13,578 -1,599 Cash (653) 131 6 20 Discounts and advances 635 269 + 226 Acceptances: Bought outright ^3 + 2 + 3 Held under repurchase agreements 40 + 22 - 14 F. S. Government securities: Bought outright-- Bills 8,899 +1,039 +3,5^5 Certificates Notes 24,828 305 Bonds 6,550 +1, ,328 Total bought outright 40,277 +1,039 +4,568 Held under repurchase agreements - 244 Total U. S. Government securities 40,277 -1,039 +4,324 Total loans and securities 40,995 +1,332 +4,539 Cash items in process of collection (1,578) 6,613 + 383 + 620 Bank premises 102 1 Other assets 1,178 - 122 + 674 TOTAL ASSETS (2,231) 62T597 +17582 +"4~72T4 L I A B I L I T I ES Federal Reserve notes (653) 36,109 + 178 +2,629 Deposits: Member bank reserves 18,432 +1,045 + 986 U. S. Treasurer--general account 945 - l4o + 399 Foreign 168 + 15 + 37 Other 194 2 3 Total deposits 19,739 + 918 +I75I9 Deferred availability cash items (1,578) 5,221 + 434 + 415 Other liabilities and accrued dividends 311 + 25 + 200 TOTAL LIABILITIES (2,231) 61,380 +1,555 +4,663 C A P I T AL A C C O U N TS Capital paid in 546 + 25 Surplus 524 - 466 Other capital accounts 147 + 27 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,231) 62,597 +4,2ir Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 36.9$ .H - 7.75* 70 Contingent liability on acceptances purchased for foreign correspondents 155 + 30 * 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, NOVEMBER 3, 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 598 h9 7,355 +6,656 16 days to 90 days 37 34 3,655 -6,200 91 days to 1 year -- -- 18,9^9 + 583 Over 1 year to 5 years — -- 8,484 Over 5 years to 10 years — -- 1,449 Over 10 years 385 -- Total ^3F ~8I 40,277 +],0S9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(h) STATEMENT OF CCNDITICN OF EACH FEDERAL RESERVE BANK ON NCVEMBER 3, 1965 San Total Boston New Phila Cleve Rich Atlanta Chicago St. Minne- Kansas Dallas Fran - York delphia land mond Louis apolis I Citycisco (in millions of dollars) A S S E TS Gold certificate account 11,905 780 2,819 834 956 1,094 574 2,030 448 162 478 349 1,381 Redemption fund for F. R. notes 1,673 95 386 90 148 139 _2L 310 i2_ 31 _6L 55 196 Total gold certificate reserves 13,578 875 3,205 924 1,104 1,233 669 2,340 511 193 543 404 1,577 F. R. notes of other Banks 653 66 129 37 35 85 60 65 22 33 22 34 65 Other cash 131 11 17 6 9 9 11 25 7 4 7 7 18 Discounts and advances 635 154 8 39 34 29 164 28 63 42 8 63 Acceptances: Bought outright 43 43 Held under repurchase agreements 40 4o U. S. Government securities: Bought outright-- Bills 8,899 466 2,167 451 741 603 491 1,491 343 191 349 357 1,249 Certificates Notes 24,828 1,303 6,044 1,260 2,068 1,679 1,370 4,160 956 532 973 997 3,486 Bonds 6.550 344 1.594 332 545 443 ^62 1,0Q8 252 l4x>_ 25X- 263- Q20 . Total 40,277 2,113 9,805 2,c43 3,354 2,725 2,223 6,749 1,551 863 1,579 1,617 5,655 Held under repurchase agreements Total U. S. Government securities _4o,277 2,113.. - 9,.8Q5„._ 2.C43 ..&35k-. . 2,,?25_ 2.223 -6,, 749 1,551 . 863 _!*5I9_ -1,617 _5-,i55__ Total loans and securities 40,995 2,116 10,042 2,051 3,393 2,759 2,252 6,913 1,579 926 1,621 1,625 5,718 Cash items in process of collection 8,191 570 1,391 525 555 7C4 621 1,387 420 273 502 4l4 829 Bank premises 102 3 8 3 5 5 20 21 7 3 6 11 10 Other assets .1*128 _5i_ _J0J_ 62 .101 _65_ __67_ 174 4l _56_ 60 161 26 TOTAL ASSETS 64,828 3,697 15,099 3,608 5,2C4 4,860 3,7CO 10,925 2,587 1,458 2,757 2,555 8,378 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 NOVEMBER 3, 1965 San Total Boston New Phila Cleve- Rich Atlanta Chicago St. Mirme - Kansas Dallas Fran York delphia land mond Louis apolis City cisco (in millionsj of dollars) L I A B I L I T I ES Federal Reserve notes 36,762 2,180 8,293 2,146 3,133 3,284 2,137 6,734 1,405 681 1,405 1,158 4,206 Deposits: Member hank reserves 18,432 864 4,895 794 1,358 873 959 2,697 695 434 843 94l 3,079 U. S. Treasurer-general a:c c ount 945 57 I89 30 83 47 24 137 94 67 58 22 137 Foreign 168 8 1/46 9 15 8 10 23 6 4 7 10 22 Other 194 * 124 1 * 7 1 1 1 * 1 55 Total deposits 19,739 929 5,254 834 1,456 935 994 2,858 796 505 911 97^ 3,293 Deferred availahility cash items 6,799 514 1,153 548 480 559 481 1,107 333 237 375 339 673 Other liabilities and accnl ed dividends 311 15 80 16 27 18 17 49 11 7 13 15 43 TOTAL LIABILITIES 63,611 3,638 14,780 3,544 5,096 4,796 3,629 10,748 2,545 1,430 2,704 2,486 8,215 CAPITAL ACCOUNTS Capital paid in 546 26 143 29 49 28 33 78 19 13 24 32 72 Surplus 524 25 137 29 47 26 31 75 18 12 23 31 70 Other capital accounts l4j_ 8_ 39_ 6 12 10 7 2.4 5 3 6 6 21 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 64,828 a, 691 15x029.- ._V86_0__ --2,.58'L.- 1^45J_ .-2*151—_ gx555__ 8,3I8__ Contingent liability on ace:e ptances purchased for forei-g n correspondents 155 7 2/4i 9 14 8 9 22 5 3 7 9 21 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 38,681 2,271 8,654 2,219 3,332 3,412 2,279 7,097 1,490 718 1,469 1,256 4,484 Collateral for F. R. notes; Gold certificate account 6,505 44o 1,000 500 600 853 450 1,100 295 127 225 180 735 Eligible paper 33 6 27 U. S. Government securities 33,420 1,865 7,900 1,900 2,950 2,590 1,850 6,100 1,260 605 1,300 1,100 4,000 Total collateral 39,958 2,305 8,900 2,4o6 3,550 3,443 2,300 7,200 1,582 732 1,525 1,280 4,735 1/ After deducting $122 million participations'of other Federal Reserve Banks, * Less than $500,000. 2/ After deducting $lll*. million participations ofo ther Federal Reserve Banks• Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis