H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••SSg&U: F E D E R AL R E S E R VE Factors Affecting Bank Reserves and %rf*ZLfa?S Condition Statement of F.R. Banks H,l*.l For immediate release April 6, 1967 The average of daily figures of total member "bank reserves held during the week ended April 5, increased a net of $121 million to $23, WK) million. Estimated currency and coin of member "banks decreased $22 million and their reserves balances at the Federal Reserve Banks increased $1^3 million* Estimated required reserves decreased $22 million; and estimated excess reserves increased $1^3 million to $520 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $3^0 million, compared with the revised figure of $2^2 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $230 million in U. S. Government securities bought outright, $113 million in U. S. Government securities held under repurchase agreements, and $^5 million in member bank borrowings. The principal offsetting changes were a decrease of $216 million in Federal Reserve float, and an increase of $50 million in "other" F. R* accounts (net). Total Reserve Bank credit increased $197 million. As of Wednesday, April 5, 1967, holdings of U. S. Government securities bought outright were $329 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $i*25 million higher, and member bank borrowings were $1+90 million higher. Outright holdings of bills, notes, and bonds increased $25^ million, $15 million, and $59 million, respectively. Average of daily figures I Member bank reserves, Week ended ! Change from week ended Wednesday, Reserve Bank credit, Apr. 5, Mar. 29, Apr. 6, Apr. 1 and related items 1967 1967 1966 1967 Tin millions of dollars) Reserve Bank credit: U. S.' Government securities— Bought outright--System account ^,759 +230 +3,980 44,858 Held under repurchase agreements 237 +113 + 92 425 Federal Agency obligations-- Held under repurchase agreements 16 + 10 16 25 Acceptances-- Bought outright 68 + 1 8 68 Held under repurchase agreements 42 + 3 2 90 Discounts and advances- Member bank borrowings 180 + - 443 519 Other 13 + 10 7 20 Float 1,361 -216 - 276 1,^97 Total Reserve Bank credit +197 +3,352 47,502 Gold stock 13,108 13,109 - 525 Treasury currency outstanding 6,503 + 7 + 764 6,494 66,288 +204" +3,591 67,105 Currency in circulation 43,680 + 6 +2,170 43,849 Treasury cash holdings 1,328 + 4 + 398 1,33^ Treasury deposits with F. R. Banks 658 + 2 + 3^9 4i8 Foreign deposits with F. R. Banks 130 - 7 - ^3 123 Other deposits with F. R. Banks h5k + 7 + 67 456 Other F. R. accounts (net) 648 + 50 + 4l 655 46,898 TTL +2,983 46,835 Member bank reserves: With Federal Reserve Banks 19,390 +143 + 608 20,270 Currency and coin (estimated) M 50 - 22 + 474 4,207 Total reserves held 23,^0 +121 +17082 24,477 Required reserves (estimated) 22,920 - 22 + 895 i 22,995 Excess reserves (estimated) 520 +143 + 187 1 1,482 On April 5, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,682 million, an increase of $78 million for the week and an increase of $82 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H 4.l(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS # (In millions of dollars) Change since Apr. 5, Mar. 29, Apr. 6, 1967 1967 1966 A S S E TS Gold certificate account 10,778 + 16 711 Redemption fund for F. R. notes 1,827 8 - 117 z Total gold certificate reserves 12,605 + 8 ~ 59^ Cash (61+6) 327 - 12 + 118 Discounts and advances 539 + 500 - 271 Acceptances: Bought outright 68 8 Held under repurchase agreements 90 58 *• 52 Federal Agency obligations-- Held under repurchase agreements 25 25 25 U. S. Government securities: Bought outright— Bills 12,830 + 254 +3,552 Certificates 4,352 + 1 +4,34u Notes 21,368 + 15 -3,558 Bonds 6,308 + 59 - 263 Total bought outright 44,858 + 329 +4,071 Held under repurchase agreements 425 + 425 + 6l Total U. S, Government securities 45,283 + 754 +4,132 Total loans and securities 46,o05 +1,337 +3,930 Cash items in process of collection (l,757) 7,021 + 459 + 654 Bank premises 108 -- + 6 Other assets l/ 810 3 + 3j9 z TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,403) 66,876 +1,789 +4,153 L I A B I L I T I ES ~ Federal Reserve notes (646) 38,512 + 129 +1,782 Deposits: Member bank reserves 20,270 +1,651 +1,182 U. S. Treasurer--general account 4l8 - 259 + 310 Foreign 123 - 11 31 Other 2/ 456 + 2 + 103 Total deposits 21,267 +1,383 +1,564 Deferred availability cash items (l,757) 5,524 + 222 + 705 Other liabilities and accrued dividends 232 + l4 + 30 TOTAL LIABILITIES (2,403) 65,535 +1,748 +4,081 C A P I T AL A C C O U N TS Capital paid in 579 1 + 19 Surplus 570 -- + 19 Other capital accounts 192 40 + 34 Ratio of gold certificate reserves to F, R. note liability (computed from figures as shown on the following pages—not consolidated) 32.2$ -- - 2,9$ Contingent liability on acceptances purchased for foreign correspondents 235 + 10 + 107 * Figures in parentheses are the eliminations made in the consolidating process. l/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. . MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 5, 1967 (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 and Di*5 counts and Federal A gency obligations advances Acceptances Holdings Weekly changes Within 15 days 517 108 1,739 +294 lb days to 90 days 20 50 13,014 +453 91 days to 1 year 2 19,078 - 36 Over 1 year to 5 years .- -. 10,168 + 35 Over 5 years to 10 years — -- 885 + 19 Over 1L' years -- -~ 424 + 14 Total 539 158 ^5,308 +779 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(b) STATEMENT OF CCWLITICN OF EACH FEDERAL RESERVE BAWK ON APRIL 5, 1967 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 accounts : 10,778 i 694 2,C85 594 754 1,054 579 1,955 385 194 430 39^ 1,660 Redemption fund for F. R. notes i 1,827 ; 103 ^37 95 152 159 101- 338 63 31 71 61 216 Total gold certificate reserves 1 12,605 797 2,522 689 906 1,213 680 2,293 448 225 501 455 1,876 F. R« notes of other Banks [ 646 50 170 28 89 39 81 60 14 10 15 35 55 Other cash 1 327 ! 9 38 7 56 18 39 50 31 8 17 17 37 Disccunts and advances j 539 32 24l 1 55 9 1 88 2 3 12 1 94 Acceptances: Bought outright 1 68 68 Held under repurchase agreements | 90 90 Federal Agency obligations— Held under repurchase agreements 25 ! 25 U. S. Government securities: Bought outright— Bills 12,830 677 3,313 66c 1, CCC 932 705 2,138 ^53 268 512 535 1,637 Certificates 4,352 229 1,124 224 339 316 240 725 154 91 173 182 555 Notes '21,368 1,128 5,518 1,10c 1,666 1,551 1,175 3,560 75^ 446 852 892 2,726 Bonds ! 6,308 333 1,629 324 492 458 3^7 1,051 223 132 251 263 805 Total j 44,858 2,367 11,584 2,308 3,497 3,257 2,467 7,474 1,584 937 1,788 1,872 5,723 Held under repurchase agreements 1 ^25 425 Total U. S. Government securities 45,283 2,367 12,009 2,308 3,^97 3,257 2,467 7,474 1,584 937 1,788 1,872 5,723 s Total loans and securities 46,005 2,399 12,433 2,309 3,552 3,266 2,468 7,562 1,586 940 1,80C 1,873 5,817 Cash items in process of collection 8,778 568 1,625 506 6C9 682 742 l,44i 415 269 577 523 821 Bank premises ! 108 3 10 2 5 6 20 19 9 3 12 10 9 Other assets l/ 810 29 380 33 48 38 32 91 2C 13 24 27 75 TOTAL ASSETS 69,279; 3,855 17,178 3,574 5,265 5,262 4,c62 11,516 2,523 1,468 2,946 2,94c 8,690 ! 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.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 5, 1967 San New ! Phila- Cleve-i Rich- St. I Minne-j Kansas Total !Boston lAtl anta!Chicago I Dallas Fran York idelphia) land 1 mond Louis } apolis J Citycisco (in millions of dollars) L I A B I L I T I ES Federal Reserve notes 39,158 J 2,3^1 9,080 2,246 3,199 3,617 2,202 7,061 1,433 697 1,^84 1,249 4,549 Deposits: Member bank reserves 2u,27u 853 6,018 785 1,344 907 1,119 2,979 679 473 895 1,116 3,102 U. S. Treasurer—general account 418 21 80 18 24 61 2 28 21 23 42 38 60 Foreign 123 6 1/34 6 11 6 8 17 4 3 5 7 16 Other 456 1 2/374 1 1 11 3 2 1 * 3 1 58 Total deposits 21,267 881 6,506 810 1,380 985 1,132 3,026 705 499 945 1,162 3,236 Deferred availability cash items 7,281 556 1,177 437 551 571 635 1,191 330 235 450 445 703 Other liabilities and accrued dividends 232 12 68 10 17 16 12 38 8 5 9 9 28 TOTAL LIABILITIES 67,938 3,790 16,831 3,503 5,147 5,189 3,981 11,316 2,476 1,436 2,888 2,865 8,516 Capital paid in 579 28 149 31 52 30 36 85 20 14 26 34 74 Surplus 570 27 148 30 51 30 35 83 20 14 25 33 74 Other capital accounts 192 10 50 10 15 13 10 32 7 4 7 8 26 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 69,279 3,855 17,178 3,574 . 5,265___ 5,262 4,062 11,516 2,523. . 1,468 ...2^6..._ .2,9^0 8,690 Contingent liability on accept ances purchased for foreign correspondents 235 11 ll 61 12 21 12 15 34 8 6 10 14 31 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 40,919 2,415 9,504 2,290 3,455 3,723 2,327 7,330 1,505 723 1,545 1,334 4,768 Collateral for F. R. notes: Gold certificate account 6,690 450 1,000 483 600 74o 45o l,4oo 3^0 127 225 180 735 Eligible paper U. S. Government securities 36,306 2,016 8,900 2,000 3,000 3,035 2,u50 6,150 1,310 615 l,4o0 1,230 4,6oo Total collateral 42,996 2,466 9,900 2,483 3,600 3,775 2,500 7,550 1,610 742 1,625 1,1*10 5,335 1/ After deducting $ 89 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. * Less than $500,000, 2J After deducting $174 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis