H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE :XA Fcictors Affecting Bonk Reserwes and For immediate release '0J&-'' Condition Statement §1 IML Banks November 3> 19^6 The average cf daily figures of total member bank reserves held during, the week ended November 2 increased $123 million to $23>3$7 million. Estimated currency and coin of member banks increased $20 million and their reserve balances at the Federal Reserve Banks increased $ln3 million. Estimated required reserves decreased $23 million; and estimated excess reserves increased $1^-6 million to $293 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $301 million, compared with the revised net borrowed figure of $371 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $243 million in U. S. Government securities bought outright, and $76 million in member bank borrowings, and a decrease of $11Q million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $273 million in Federa.1. Reserve float and $iB million in TJ. 3. Govern ment securities held under repurchase agreements, and increases of $29 million in foreign deposits with Federal Reserve Banks and $18 million in Treasury cash holdings. Total Reserve Bank credit increased $32 million. As of Wednesday, November 2, holdings of U. 5. Government securities bought outright were $63^ million higher than a week earlier, U. 3. Government securities held under repurchase agreements were $151 million higher, and member bank borrowings were $2^8 mild ion higher. Averages of daily figures Member bank reserves, Week ended Changg_jProm week ended Wednesday, Reserve Bank credit, Nov. 2, Oct. 2571 Nov. 3> Nov. 2, and related items 1966 1966 1 1965 1966 "(in millions of dollars) Reserve Bank credit; U. S. Government securities — Bought outright—System account te,958 +243 +3,129 1 43,247 Held under repurchase agreements 6.1 - 18 + 6l 302 Acceptances — Bought outright 51 1 + 9 51 Held under repurchase agreements 0 0 + 4 21 ' 19 Discounts and advances — Member bank borrowings 594 + 76 + 108 8,30 Other 16 + l - 31 15 Float 1,770 -273 + 135 1,710 Total Reserve Bank credit 45,472 + 32 + 3,390 46,174 Gold stock 13,257 + 1 - 601 13,259 Treasury currency outstanding 6,165 + 1.1 + 653 6,166 WT$sk TTh +3,4~4~2 65,599 Currency in circulation 43,084 114 . -1-2, do{ 43,224 Treasury cash holdings 1,156 + 13 + 37° 1.159 Treasury deposits with F. R. Banks 805 -I.19 - 122 714 Foreign deposits with F. R. Banks 15b + 29 + 2 175 Other deposits with F. R. Banks 435 + .3 + 221 430 Other F. R. accounts (net) -33 "f" -Lc. - 20Q 11 45,604 - 59 +2,529 45,713 Member bank reserves: With Federal Reserve Banks 19,290 +10 3 + 913 19,886 Currency and coin (estimated) 4,097 + 20 + 363 4,248 Total reserves held 23,3^7 +123 +1,276 24,134 Required reserves (estimated) 23,094 - 23 +1,364 23,3^3 Excess reserves (estimated) 293 +1.46 - 88 751 ^n November 2, I966, U. 3. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,25^ mid.lion, a decrease of $2^- million for the week and a decrease of $669 million from the ooinrnrah] e date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.k,1(a) CONSOLIDATED STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS (in millions of dollars) Nov. 2, A S S E TS Gold certificate account 10,973 + 15 - 93 O Redemption fund for F. R. notes 1,802 - 3 _+ 12° Total gold certificate reserves 12,775 + 12 - 803 Cash (8^9) 301 5 + 170 Discounts and advances 845 + 248 + 210 Acceptances: Bought outright 51 -- 8 Held under repurchase agreements 19 19 21 U. S. Government securities: Bought outright-- Bills 11,430 4- 634 +2,531 Certificates 4,366 — +4,366 Kotes 21,013 - -3;815" Borids 6,438 - - 112 Total bought outright hZj^kj + S^4 +2,970 Held under repurchase agreements " 302 + 151 + 30 2 : Total U, s. Government securities 43^5^9 + 785 +3,272 Total loans and securities 44,464 +1,014 +3,4^9 Cash items in process of collection (1,766) 7,266 + 538 + 653 Bank premises IQIL _- +2 Other assets l/ 1,441 + 10 + 263 TOTAL ASSETS (2,575) £57151 ^5^9 +M2L L I A B I L I T I ES Federal Reserve notes (809) 38,034 L 120 +1,925 Deposits: Member "bank reserves 19 +1,120 +I,k5h U. S. Treasurer--general account 714 - 126 - 231 Foreign 175 + 34 + T Other 2/ 43O + 2 + 23q Total deposits 21,205 +1,030 +1,466 Deferred availability cash items (l,766) 5,556 + 352 + 335 Other liabilities and accrued dividends 260 + 33 Kl TOTAL LIABILITIES (2, 575) ^7055 +1,535 +XSt5 C A P I T AL A C C O U N TS Capital paid in 566 f 20 Surplus rji -*. + 27 Other capital accounts I79 + 3it + 32 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (2,575) 66,351 +1,569 +3.75J Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 32.9# - ^°# Contingent liability on acceptances purchased ?°? foreign correspondents 232 + 10 + 77 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on the following pages. 1/Includes assets denominated in foreign currencies and IMF gold deposited. iZJnglg§gs_jMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 2, 1966' ~" ( (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 a*Ad~v-~a~n ces AA c<c epIt ances Holdings during week. Within 15 days 825 32 2,5l6 ~+78i 16 days to 90 days 20 3B S,015 -4.12 91 days to 1 year — 20,730 +hl6 Over 1 year to 5 years — — 13,699 -- Over 5 years to 10 years -- „ 1,192 -- Over 10 years 307 Total oTT^ JZJZ. Tr^RK Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(b) STATEMENT OF CONLITION CF EACH FEDERAL RESERVE EANK ON NOVEMBER 2, 1966 San New Phila Cleve Rich St. Minne- Kansas Total Boston Atlanta Chicago Ialias Fran York delphia land mond Loui s apolis City cisco (In millions of dollars) A S S E TS Gold certificate account 10,973 630 2,251 759 908 1,050 688 2,015 378 207 418 323 1,346 Redemption fund for F. R. notes 1,802 99 429 94 148 162 104 325 62 32 70 60 217 Total gold certificate reserves 12,775 729 2,680 853 1,056 1,212 792 2,34o ~ 4to~ 239 486 383 i*563 F. R. notes of other Banks 809 84 202 57 74 57 65 70 23 34 34 37 72 Other cash 301 14 30 11 4i 19 30 44 33 7 15 20 37 liscounts and advances 845 47 204 6 48 22 83 168 24 r 51 82 108 Acceptances: Bought outright 1 51 -- 51 -- -- ... -- -- -- - Held under repurchase agreements 19 - 19 U. S. Government securities: Bought outright-- Bills ! 11,430 594 2,923 553 909 814 580 1,942 4o6 231 435 4i8 1,625 Certificates i 4,366 227 1,116 211 347 311 222 742 155 89 166 160 620 Notes ! 21,013 1,093 5,373 1,015 1,672 1,497 1,067 3,571 745 425 8co 768 2,987 Bonds ; 6.438 335 1,646 311 512 458 327 1,095 228 130 245 236 915 Total 43,247 2,249 11,058 2,090 3,440 3,080 2,196 7,350 1,534 875 1,646 1,582 6,147 Held under repurchase agreements 302 -- 302 -- -- -- __ -- -- -- -- _.. -- Total U. S. Government securities 43,549 2,249 ll,36c 2,090 3,440 3,ceo 2,196 7,350 1,534 875 1,646 1,582 6,147 Total loans and securities 44,464 2,296 11,634 2,096 3,488 3,102 2,279 7,518 1,558 877 1,697 1,664 6,255 Cash items in process of collection 9,032 634 1,562 545 655 734 739 1,465 469 309 575 473 872 Bank premises 104 3 9 3 5 5 20 20 8 3 8 10 10 Cther assets 1.441 60 530 66 106 73 69 187 43 28 52 61 166 TCTAL ASSETS 68,926 3,820 16,647 3,631 5,425 5,202 3,994 • 11,644 2,574 1,497 2,869 2,648 8,975 l/ Includes assets denominated in foreign currencies and IMF gold deposited. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.k.1(c) STATEMENT OF CONDITICN OF EACH FEDERAL RESERVE BANK ON NOVEMBER 2, 1966 New Phila Cleve Rich St. Minne Kansas San Total 1 Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Franeisco (in millions of dollars) L I A B I L I T I ES Federal Reserve notes 38,843 2,313 8,868 2,198 3,218 3,555 2,228 7,084 1,423 695 i,48o 1,240 4,541 Teposits: ; Member bank reserves 19,886 793 5,655 845 1,468 843 1,004 3 ; o4o 642 485 846 921 3,344 U.S. Treasurer—general account 714 43 93 4l 39 99 72 83 73 20 37 24 90 Foreign 175 8 1/ 50 9 15 9 10 24 6 4 8 10 22 Other 430 * 2/360 # * 5 2 2 l * 2 1 57 Total deposits 21,205 844 6.158 895 1,522 956 1,088 3,149 722 509 893 956 3,513 Deferred availability cash items 7,322 588 1,208 456 550 6c4 588 1,178 375 257 430 371 717 Other liabilities and accrued dividends 260 12 76 13 21 17 12 41 9 6 10 9 34 TOTAL LIABILITIES 67,630 3,757 16,310 3,562 5,311 5,132 3,916 11,452 2,529 1,457 2,813 2,576 "87 805 CAPITAL ACCOUNTS Capital paid in 566 27 147 30 51 29 35 82 20 14 25 33 73 Surplus 551 27 144 30 50 28 33 79 19 13 24 32 72 Other capital accounts 1 179 9 46 9 13 13 10 31 6 3 7 7 25 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 168,926 3,820 16' 647 3,631 5,425 5,202 3,994 11;644 2; 5f4 1,497 2; 869 2,648 8,975 Contingent liability on accept ances purchased for foreign correspondents 232 1 11 1/ 61 13 21 12 14 33 8 6 10 13 30 FEDERAL RESERVE AGENT'S ACCOUNTS F. R. notes outstanding 9,378 2,294 3,473 3,682 2,383 ~7,413 1,502 "738" 1,546 X362- T784T Collateral for F. R. notes: Gold certificate account 1,000 459 600 785 450 1,100 294 127 225 180 735 Eligible paper 4 24 U. S. Government securities 8,70c 2.000 3,000 2,945 2,000 6,500 1,310 655 i,4oo 1,230 4,600 Total collateral 2,516 9,700 2,463 3,600 3,730 2,450 7,600 1,628 782 1,625 i,4io 5,335 1/ After deducting $125 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. * Less than $500,000. 3_/ After deducting $171 million participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis