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 H'.'ilP^ Condition Statement of F.R. Banks For immediate release December 23, 1965 The average of daily figures of total member bank reserves held during the week ended December 22 increased a net of $35^ million to $22,815 million. Estimated currency and coin of member banks decreased $26 million and their reserve balances at the Federal Reserve Banks increased $380 million. Estimated required reserves increased $678 million; and estimated excess reserves decreased $32*4- million to $235 million. Excess reserves exceeded member bank borrowings at ^ the Federal Reserve Banks by $17 million, compared with the revised figure of $73 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were an increase of $823 million in Federal Reserve float and a decrease of $51 million in Mother,T F. R. accounts (net). The principal offsetting changes were decreases of $268 million in member bank borrowings and $55 million in holdings of U. 8. Government securities, and increases of $107 million in currency in circulation and $83 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $^95 million. As of Wednesday, December 22, holdings of U. S. Government securities bought outright were $193 million lower than a week earlier and member bank borrowings were $176 million higher. Averages of daily Jfi gures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Dec. 22, Dec. 15, Dec. 23, Dec. 22, and related items 1965 1965 1964 1965 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 40,802 - 22 +4, l42 40,631 Held under repurchase agreements 22 - 33 - 244 - - Acceptances-- Bought outright 62 + 5 + 10 64 Held under repurchase agreements 57 - 7 + 57 55 Discounts and advances-- Member bank borrowings 218 -268 - 39 271 Other 29 - 3 5 27 Float 2,876 +823 - 31 2,627 Total Reserve Bank credit 44,066 +^95 +3,891 43,675 Gold stock 13,809 +• 1 -1,578 13,809 Treasury currency outstanding 5.572 + 16 + 168 5,568 63,447 +512 +2,48l 63,052 Currency in circulation 42,367 +107 +2,533 42,509 Treasury cash holdings 802 - l + 194 816 Treasury deposits with F.R. Banks 720 + 83 - 258 1 843 Foreign deposits with F.R. Banks 146 - 12 + 2 191 Other deposits with F.R. Banks 230 + 5 + 47 220 Other F.R. accounts (net) 359 - 51 - 698 346 44,624 +131 +1,819 44,925 Member bank reserves: With Federal Reserve Banks 18,822 +380 + 662 18,128 Currency and coin (estimated) 3.993 - 26 + 312 4,401 Total reserves held 22,815 +35^ + 97^ 22,529 Required reserves (estimated) 22,58O +678 +1,136 1 22,620 Excess reserves (estimated) 235 -324 - 162 1 " -91 On Pecember 22, 19&5* u* S. Government securities held in custody by the Federal Reserve Banks for foreign account wore $8,330 million, an increase of $67 million for the week and a decrease of $2C6 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 sfcA!fcEMEN!l?. OF CONDITION 1 OF THE TWELVE JfetiESAf, feSfiESVE BANKS (in millions of"dollars) CHahge since Dec 22, Dec. 15, Dec 23, 1965 19§5 1964 A S S E TS Gold certificate account 11,781 - 6 -1,725 Redemption fund for F. R. notes 1,73^ + 17 + 1^5 Total gold certificate reserves 13,5-15 + 11 -1,560 Cash (615) n4 +8 Discounts and advances 298 +176 207 Acceptances: Bought outright 6k + k + 11 Held under repurchase agreements 55 -5 *• 55 U. S. Government securities: Bought out right- Bills 9,253 -193 +3,097 Certificates Notes 24,828 -- - 36c Bonds 6,550 -- +1,276 Total bought outright 40,6.31 -193 +4,013 Held under repurchase agreements -- - 412 Total U. S. Government securities 40,631 ~-m +3,601 Total loans and securities 4l,048 - 18 +3,460 Cash items in process of collection (1,814) 8,389 +665 + 984 Bank premises 104 + 1 + l Other assets 936 + 26 + 260 TOTAL ASSETS (2M9) "6^306 +693 +3,145 L I A B I L I T I ES Federal Reserve notes (615) 37,576 +157 +2,58O Deposits: Member hank reserves 18,128 - 94 19 U. S. Treasurer--general account 843 +231 75 Foreign 19-1 + 47 - 15 Other 220 - 7 + 57 Total deposits 19,382 +177 - 52 Deferred availability cash items (1,814) 5,962 +333 +1,003 Other liabilities and accrued dividends 204 - 1 + {k TOTAL LIABILITIES (2,429) 63,124 +666 +3,605 C A P I T AL A C C O U N TS Capital paid in 548 + l + 26 Surplus 524 -- - 466 Other capital accounts 110 + 26 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,429) 64,306 +693 +3,1^5 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 35***# -•!$ - 7*1$ Contingent liability on acceptances purchased for foreign correspondents 1^3 2 + 19 •* 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 AMD SECURITIES, DECEMBER 22, I965 (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 DDiissccoouunnttss aanndd Changes aaddvvaanncceess AAccct2e eppttaanncceess Holdings during week Within 15 days 275 64 680 -142 16 days to SO days 23 55 6,207 + 4 91 days to 1 year 17,844 - 55 Over 1 year to 5 yearrss 14,066 Over 5 years to 10 yejaarr s 1,449 Over 10 years 385 Total ^98" 119 "507531 ^193 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACE FEDERAL RESERVE BARK ON DECEMBER 22, I965 San Nerw Phila Cleve Rich St. j Minne-j Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis i apolis| City cisco (In millions of dollars) A S S E TS Gold certificate account ; 11,781 703 2,712 727 1,027 1,057 752 2,257 455 164 415 290 1,222 Redemption fund for F. R. notes ; 1,73^ SB 4ic 9^ 146 144 99 318 64 32 68 57 204 Total gold certificate reserves 13,515 801 3,122 821 1,173 1,201 851 2,575 519 196 483 3^7 1,426 F» R. notes of other Banks 615 ^7 117 h3 37 7^ 59 60 28 25 26 37 62 Other cash uh 7 15 5 9 9 11 19 7 4 e 5 15 Discounts and advances 298 68 60 4 28 17 11 h5 14 4 26 2 19 Acceptances: Bought outright eh -- 64 -- »- -.- - •, - - - _ «. - «... - — Held under repurchase agreements 55 -- 55 -- «... U« S. Government securities: Bought outright- Bills 9,253 48c 2,226 482 781 643 5C8 1,5^2 342 194 360 376 1,319 Certificates «... - - -. -. -. - — — - — m. «. Notes 24,828 1,289 5,972 1,29^ 2,C97 1,723 1,363 4,139 917 521 966 1,009 3,538 Bonds 6,550 34o 1,576 341 553 455 36c 1.092 242 137 255 266 933 Total 4«,631 2,109 9,77^ 2,117 3,^31 2,821 2,231 6,773 1,501 852 1,581 1,651 5,790 Held under repurchase agreements -- -- -- -._ -- -- -- .-_ -- «.- -_ Total U. S. Government securities 40,631 2,109 9,774 2,117 3,431 2,821 2,231 6,773 1,501 852 l,58l 1,651 5.790 Total loans and securities 41,C48 2,177 9,953 2,121 3,^59 2,838 2,242 6,818 1,515 856 1,607 1,653 5,809 Cash items in process of collection 10,403 67c 1,862 628 697 833 845 1,796 509 33^ 647 502 1,08C Bank premises 104 3 9 3 5 5 20 21 7 3 7 11 10 Other assets 936 43 266 51 81 49 52 132 31 20 4c 46 125 . TOTAL ASSETS 66,735 3,7^8 15,344 3,672 5,46l 5,CC9 4,080 11,421 2,616 1,438 2,618 2,601 8,527 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 CN NOVEMBER 25, 1964 San New Phila Cleve Rich St. Kansas Total Boston Atlanta Chicago Minne Dallas | Fran York delphia land mond Louis City apolis i cisco L I A B I L I T I ES (In millions of dollars) Federal Reserve notes 34,610 2,034 8,099 2,026 2,944 2,950 2,007 6,276 1,382 601 1>326 1,062 3,903 Deposits: Member "bank reserves 16,978 653 4,453 755 1,172 793 899 2,605 640 431 791 981 2,805 U.S. Treasurer-general a<2 count 752 49 83 54 65 52 57 60 56 37 62 59 lie Foreign 194 9 1/55 11 17 10 11 27 6 4 8 11 25 Other 186 109 1 1 6 l 3 1 * 3 2 .59 Total deposits 18,110 711 4,700 821 1,255 861 968 2,695 703 472 864 1,053 3,00* Deferred availability cash items 5,830 46 3 1,016 364 444 422 443 959 279 200 314 298 628 Other liabilities and accria ed dividends 116 6 28 6 10 7 7 20 5 3 5 5 16 TOTAL LIABILITIES 58,668 3,214 13,843 3,217 4,653 4,240 3,425 9,950 2,369 1,276 2,509 2,4l8 7,554 CAPITAL ACCOUNTS Capital paid in 522 25 137 29 47 26 31 74 18 12 23 30 TO Surplus 990 47 264 55 90 49 56 l4o 34 23 43 57 Other capital accounts I 130 : 6_ 3P__ J_. 9_ S- 9 22 _5__ 2 6 I_ .,18 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 60,310 3,292 14,274 3,308 4,799 4,324 3,521 10,186 2,426 1,313 2,581 2,512 7,774 :ept - Contingent liability on ac( ign ances purchased for fore: correspondents - 123_ 6 _.....|/3.3_. 7 11 6 7 17 4 3 5 7 17 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 36,405 2,102 8,675 2,093 3,134 3,030 2,126 6,532 i7W~ 621 1,374 1,146 4,103 Collateral for F. R. notes: Gold certificate account 6,667 410 1,720 450 500 615 340 1,100 112 225 180 735 280 Eligible paper 1 1 U. S. Government securities 30,645 1,720 7,100 1,800 2,700 2,450 i,8co 5,600 515 1,200 1,000 3,500 1,260 Total collateral 37,313 2,130 8,820 2,251 3,200 3,065 2,140 6,700 1,540 627 1,425 1,180 4,235 1/ After deducting $139 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $ 90 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis