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 nX.if**&?y Condition Statement of F.R. Banks For immediate release November 12, 1965 The average of daily figures of total member bank reserves held during the week ended November 10 decreased a net of $222 million to $21,888 million. Estimated currency and coin of member banks decreased $231 million and their reserve balances at the Federal Reserve Banks increased $9 million. Estimated required reserves decreased $240 million; and estimated excess reserves increased $18 million to $396 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $62 million, compared with the revised figure of minus $108 million the week before, when excess reserves were less than member bank borrowings. The principal changes supplying average reserve balances with Federal Re serve Banks were increases of $420 million in U. S. Government securities bought outright and $290 million in Federal Reserve float. The principal offsetting changes was a decrease of $152 million in member bank borrowings, and increases of $302 mil lion in currency in circulation, $136 million in Treasury deposits with Federal Reserve Banks, and $85 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $534 million. As of Wednesday, November 10, holdings of U* S. Government securities bought outright were $229 million lower than a week earlier and member bank borrow ings were $451 million lower. Averages of daily figures Member bank reserves, Week ended Change from week ended [Wednesday, Reserve Bank credit, Nov. 10, Nov. 3, | Nov. 11, Nov. 10, and related items 1965 1965 ! 1964 1965 (in nl illions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright—System account 40,249 +420 +4,578 40,048 ^^ Held under repurchase agreements 4 + 4 - 311 -- Acceptances--. •. " V * Bought outright 45 + 3 + 5 43 Held under repurchase agreements 24 - 19 - 11 23 Discounts and advances- Member bank borrowings 334 -152 - 93 151 Other 35 - 12 + 33 33 Float 1,925 +290 + 214 2,207 Total Reserve Bank credit 42,616 +535 +47415 42,505 Gold stock 13,858 __ -1,605 13,859 Treasury currency outstanding 5,532 + 18 + 35 I 5,539 62,007 +554 +2,846 Hi,903 Currency in circulation 41,112 +302 +2,319 41,410 Treasury cash holdings 792 - 3 + 289 790 Treasury deposits with F.R. Banks 1,063 +136 + 517 1,190 Foreign deposits with F.R. Banks 179 + 25 + 4o 188 Other deposits with F.R. Banks 215 + 1 + 10 305 Other F.R. accounts (net) 261 + 85 - 892 255 43,621 +54T +2,283 44,138 Member bank reserves: With Federal Reserve Banks 18,386 + 9 + 563 17,764 Currency and coin (estimated) 3,502 -231 + 310 3,962 Total reserves held 21,888 -222 + 873 1 21,726 Required reserves (estimated) 21,492 -240 + 846 21,472 Excess reserves (estimated) 396 + 18 + 27 254 On November 10, 1965* U* S. Government securities held in custody by the Federal Reserve Banks for foreign account were $8,017 million, an increase of $9*1- million for the week and a decrease of $233 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 CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Change since Nov. 10, Nov. 3, Nov. li, 1965 1965 1964 A S S E TS Gold certificate account 11,905 — -1,745 Redemption fund for F. R. notes 1.673 -- + I4Q Total gold certificate reserves i (549) 13,578 —— -1,596 Cash 107 - 24 - 32 Discounts and advances 184 -451 - 330 Acceptances: Bought outright 43 -- + 3 Held under repurchase agreements 23 - 17 8 U. S. Government securities: Bought outright- Bills 8,670 -229 +3,447 Certificates Notes 24,828 - 305 Bonds 6,550 +1.328 Total bought outright 4o,c48 •229 +4,470 Held under repurchase agreements - 276 Total U. S« Government securities 4o.o48 •229 +4.194 Total loans and securities 40,298 -697 +3,859 Cash items in process of collection (1,254) 6,626 + 13 + 592 Bank premises 101 - 1 1 Other assets 1,201 + 23 + 599 TOTAL ASSETS (1,803) 61,911 -686 +^.42.1 L I A B I L I T I ES Federal Reserve notes ~ (549) 36,488 +379 +2,637 Deposits: Member bank reserves 17,764 -668 + 411 U. S. Treasurer--general account 1,190 +245 + 549 Foreign 188 + 20 + 44 Other 305 +111 - 44 Total deposits 19,447 -292 960 Deferred availability cash J.£ei&5 (1,254) 4,419 -802 + 69 Other liabilities and accrued dividends 313 + 2 + 199 TOTAL LIABILITIES (1,803) 60,667 -713 +3,865 C A P I T AL A C C O U N TS Capital paid In ~ ~ 546 + 25 Surplus 524 - 466 Other capital accounts 174 + 27 - 3 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (l,803) 61,911 -686 +T7S2T Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 36.7*H o .2% JO 7.5* Contingent liability on acceptances purchased for foreign correspondents l49 - 6 + 24 * 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 10, 1965 (Acceptances and seeuri+.ies 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 148 31 6,932 -423 16 days to 90 days 36 35 3,802 +147 91 days to 1 year -- 18,996 + 47 Over 1 year to 5 years -- 8,484 -- Over 5 years to 10 years «- 1,449 -- Over 10 years w 385 -- Total itik 40,048 -229 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(b) STATTMEffl? OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 10, 1965 San 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) A S S E TS Gold certificate account 11,905 649 2,602 698 991 1,140 736 2,233 432 2C4 515 433 1,272 Redemption fund for F. R. notes ' 1,673 95 386 90 148 139 95 311 63 31 65 55 195 Total gold certificate reserves 13,578 744 2,988 788 1,139 1,279 831 2,544 495 235 580 488 1,467 F. R. notes of other Banks 5*4-9 54 107 29 21 70 55 55 18 29 24 34 53 Other cash 107 9 15 5 8 7 10 17 6 3 7 6 14 Discounts and advances 184 2 25 20 3 28 24 32 7 15 19 4 5 Acceptances: Bought outright I ^3 — 43 -- — -- -- -- -- -- -- -- -- Held under repurchase agreements 23 — 23 -- -- -- -- -- — -- -- -- -- U. S. Government securities: Bought outright-- Bills 8,670 454 2,111 44o 722 587 478 1,453 334 186 340 348 1,217 Certificates --.- -.- -- -- -- __ -- -- « -.- -- -- -- Notes 24,828 1,303 6,o44 1,260 2,068 1,679 1,370 4,160 956 532 973 997 3,486 Bonds 6,550 _ -3^ 1,594 332 545 443 362 JaOSi^ 252 140 257 263 920 Total 1 4o,o48 2,101 9,749 2,032 3,335 2,709 2,210 6,711 1,542 858 1,570 1,608 5,623 Held under repurchase agreements -. - — - - -. — - - - - - - - -. - _- -_ - - - — — i Total U. S. Government securities 4o.o48 2 t 101 9.749 2 r 0^2 3.335 2.709 2,210 6^X11 . 1,542 . 858. 1.608 ..,5-,.623.._ Total loans and securities 40,298 2,103 9,84o 2,052 3,338 2,737 2,234 6,743 1,549 873 1,589 1,612 5,628 Cash items in process of collection 7,880 478 1,385 501 555 626 667 1,339 452 263 489 385 740 Bank premises 101 1 3 8 3 5 5 20 21 7 3 6 11 9 Other assets 1.201 S8 . 315 6^ 104 67 .68 178 42 28 53 60 165 TOTAL ASSETS 63,714 3,449 14,658 3,441 5,170 4,791 3,885 10,897 2,569 1,434 2,748 2,596 8,076 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(c) STATEMENT OP CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 10, 1965 | San : Total [Boston New Phila Cleve Rich Atlanta [Chicago St. Minne Kansas Dallas Fran- York delphia land mond Louis apolis City 1 Cisco (In millions. of dol.]a rs) L I A B I L I T I ES Federal Reserve notes 37,037 2,199 8,354 2,172 3,160 3,299 2,171 6,786 1,413 685 1,410 1,160 4,228 Deposits: Member bank reserves 17,764 687 4,906 751 1,334 789 998 2,708 677 426 799 932 2,757 U.S. Treasurer-general account 1,190 67 165 33 55 131 97 100 73 65 98 108 198 Foreign 188 8 1/66 9 15 8 10 23 6 4 7 10 22 Other 305 ~230 1 2 6 1 2 # * 3 1 59 Total deposits 19,447 762 5,367 794 1,406 934 1,106 2,833 756 495 907 1,051 3,036 Deferred availability cash items 5,673 413 532 392 467 474 517 1,047 345 218 364 300 604 Other liabilities and accrued dividends 313 15 79 17 27 18 18 49 12 8 13 15 42 TOTAL LIABILITIES 62,470 3,389 14,332 3,375 5,060 4,725 3,812 10,715 2,526 l,4o6 2,694 2,526 7,910 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 174 9 46 8 14 12 9 29 6 3 7 7 24 TOTAL LIABILITIES AND CAPITAL ACCOUNTS MJlL. _i,_442_ 14,658 3,441 5,170 _4,7,9l _^88_5__ 10.897 2.569 1,43A. 2.748 2.596 8.076 Contingent liability on accept ances purchased for foreign correspondent s 149 1_ ^39 8 13_ _7 9__ 21 5_ 4 7 9_ 20 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 38,780 2,276 ~8~6W~ 2,232 3,351 3,42? 2,309 7,088 1,492 716 1,467 1,259 4,481 Collateral for F. R. notes: Gold certificate account 6,555 440 1,000 500 600 853 500 1,100 295 127 225 180 735 Eligible paper 7 1 6 U. S. Government securities 33.450 1.865 7,900 1.900 2.950 2.62C 1.850 6,100 1.260 605 1.300 1.100 4,000 Total collateral 40,012 2,305 8,900 2,401 3,550 3,473 2,350 7,200 1,561 732 1,525 1,280 4,735 1/ After deducting $122million participations of other Federal Reserve Banks• * — -»•,! 1 — • 2/ After deducting $ no million participations of other Federal Reserve Banks, * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis