H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Foctors Affecting Bonk Reserves and Condition Statement of F.R. Banks Fdr immediate release April 20, 1967 The average of daily figures of total member bank reserves held during the week ended April 19, increased $U05 million to $23,578 million. Estimated currency and coin of member banks increased $17^- million and their reserve balances at the Federal Reserve Banks increased $231 million. Estimated required reserves increased $168 million; and estimated excess reserves increased $237 million to $^90 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $312 million, compared with the revised figure of $108 million the the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $331 million in Federal Reserve float, $H8 million in U. S. Government securities bought outright, and $33 million in member bank borrowings, and a decrease of $128 million in "other'' F. R. accounts (net), principal offsetting changes were a decrease of $127 million in U. S. Government securities held under repurchase agreements, and an increase of $183 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $26^- million. As of Wednesday, April 19, 1967, holdings of U. S. Government securities bought outright were $552 million higher than a week earlier, U. S. Government securities held under repurchase agreements were $lJ+2 million lower, and member bank borrowings were $712 million lower. Average of daily figures I Member bank reserves, Week ended Change from week ended|Wednesday, Reserve Bank credit, Apr. 19, Apr* 12, Apr- 20, l APr- 19, and related items , 1967 .1266 1967 fc (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account 41|,888 + 48 +4,587 ^5,245 Held under repurchase agreements ko -127 + ko 135 Federal Agency obligations— Held under repurchase agreements 5 5 Acceptances- Bought outright 67 - 2 10 s 68 Held under repurchase agreements 39 - l4 5 37 Discounts and advances- Member bank borrowings 178 + 33 507 188 Other 21 + 1 25 Float 1,794 +331 - 382 1,573 Total Reserve Bank credit 47, 027 +264 +3-735 477276" Gold stock 13,109 + 1 - 523 13,109 Treasury currency outstanding 6,529 + 12 + 753 6,543 66,661+ +277 +3,962 66,928 Currency in circulation 43,897 - 17 +2,129 43,911 Treasury cash holdings 1,360 + 20 + 409 1,374 Treasury deposits with F. R. Banks 795 +183 + 527 762 Foreign deposits with F. R. Banks 120 - 15 - 26 128 Other deposits with F. R. Banks 1+65 -- + 59 464 Other F. R. accounts (net) 506 -128 + 58 502 kj,144 + 46 +37156 47,141 Member bank reserves: With Federal Reserve Banks 19,520 +231 + 807 19,787 Currency and coin (estimated) 4,058 +174 + 144 i 4,480 Total reserves held 23,578 +405 + 951 ' 24,267 Required reserves (estimated) 23,C88 +168 + 834 i 23,376 Excess reserves (estimated) 490 +237 + 117 891 On April 19, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,808 million, an increase of $88 million for the week and an increase of $296 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.h. 1(a) CONSOLIDATED STATEMENT OF CONBKION OF ALL FEDERAL RESERVE BANKS (in milliQns of dollars) Change since Apr. 19, Apr. 12, Apr. 20, 196T I96T 196^ A S S E TS Gold certificate account 10,766 11 6^6 Redemption fund for F. R. notes 1,828 + h + 100 Total gold certificate reserves 12,59^ 7 5^° Cash (62n) 33^ + 7 + 115 Discounts and advances 213 - 707 -1>394 Acceptances: Bought outright 68 + 8 Held under repurchase agreements 37 19 4 Federal Agency obligations-- Held under repurchase agreements U. S. Government securities: bought outright-- Bills 13AT6 f 552 +4,742 Certificates 4,352 — +4,340 Notes 21,368 — -3,5.^-8 Bunds 6,349 — - 222 Total bought outright ^5,245 + 552 +5,302 Held under repurchase agreements 135 - 142 + IS? Total U. S. Government securities 45,380 + Too +5,437 Total loans and securities 45,703 - 323 +4,0^1-4 Cash items in process of collection (2,265) 8,263 +1, 037 + 195 Bank premises 109 + 1 + 7 Other assets l/ 863 + 19 + 32 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTSi (2,893) 67,866 + 734 +3,807 L I A B I L I T I ES Federal Reserve notes (626) 38,539 111 +1,886 Deposits: Member bank reserves 19,787 - 250 +1,290 U S. Treasurer--general account T62 + 213 + 224 # Foreign 128 - 15 _ 1 Other 2/ (111) 628 + 158 + 228 Total deposits 21,305 + 106 +1,750 Deferred availability cash items (2,184) 6,548 + 705 + 70 Other liabilities and accrued dividends 221 - 1 + 40 TOTAL LIABILITIES (2,893) 66,613 + T99 +3,755 C A P I T AL A C C O U N TS Capital paid in 579 — + 19 Surplus 570 — + lp Other capital accounts 10J+ 35 + l4_ Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 32.2fo .1$ - 2.8$ Contingent liability on acceptances purchased for foreign correspondents 252 + p> + 123 * Figures in parentheses are the eliminations made in the consolidating pro cess. 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 19, 196J_ (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 discounts and Federal Agency obligations advances Acceptances Holdingg__ Weekly changes. Within 15 days 1H9 *W 2,347 +5?? 16 days to 90 days 21 45 12,1?^ -5*7- 91 days to 1 year 3 — 19,3^ +?-° Over 1 year to 5 years — — 10,183 Over 5 years to 10 years — — 898 Over 10 years _ — _— ^3_1 ^.Jll Total 213 105 W,&5 +**°3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E. 4. 1(b) STATEMENT OF CONDITION OF EACH FELERAL RESERVE BANK ON APRIL 19, 1967 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Eallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) A S S E TS Geld certificate account 10,766 1 681 2,687 6ll 674 929 1+96 1,857 360 206 1+55 3^5 1,1+65 Redemption fund for F. R. notes 1,828 102 437 95 152 162 101 337 63 31 71 61 216 Total gold certificate reserves 12,594 1 783 3,121+ 706 826 1,091 597 2,194 423 237 526 4o6 1,681 F. R. notes of other Banks 628 171 22 73 37 80 54 16 8 20 3h 67 Other cash 334 10 39 7 54 19 l+l 50 32 8 18 18 38 Discounts and advances 213 : 12 8 1 2 3 3 69 1 6 ll+ 10 81+ Acceptances: Bought outright 68 -- 68 -- -• -- -- -- — -- Held under repurchase agreements 37 37 Federal Agency obligations— Held under repurchase agreements 5 r~ U. S. Government securities: Bought outright-- Bills ! 13,176 ' 702 3,217 685 1,037 967 7I+7 2,269 1+82 272 508 550 1,740 Certificates 4,352 232 1,063 226 31+2 319 21+6 750 159 90 168 182 575 Notes ; 21,368 1,139 5,218 1,111 1,68.1 1,569 1,210 3,680 781 41+1 825 891 2,822 Bonds : 6,349 338 1,551 330 499 1+66 360 1, C9k 232 131 2I+5 265 838 : Total 45,245 2,4ll 11,01+9 2,352 3,559 3,321 2,563 7,793 1,654 934 1,746 1,888 5,975 Held under repurchase agreements 135 135 Total U. S. Government securities : 45,380! 2,1+11 11,181+ 2,352 3,559 3,321 2,563 7,793 1,651+ 934 1.746 1,888 5.975 I Total leans and securities 45,703 2,U23 '11,302 2,353 3,561 3,321+ 2,566 7,862 1,655 9I+0 1,760 1,898 6,059 Cash items in process of collection 10,5281 51+9 2,154 626 731 81+2 965 1,61+1 1+87 315 639 553 1,026 Bank premises 1C9! 3 10 2 5 6 20 19 9 3 13 10 9 Other assets l/ 863! 33 386 36 53 1+2 36 103 23 l4 25 29 83 TCTAL ASSETS 70,759; 3,81+7 17,186 3,752 5,303 5,36l 4,305 11,923 2,61+5 1,525 3,001 2,948 8,963 l/ Includes assets denominated in forei gn currencie s and BIF gold deposited. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H, k.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 19, I967 .„ 1 I New Phila-j Cleve-j Rich- St. Minne-! Kansas I Uan Eoston Atlanta Chicago I York delphia) land | mond Louis apolls j City Eallas j Fran- I cisco (in millions of dollars) L I A B I L I T I ES Federal Reserve notes 2,358 9,076 2,251 3A93 3,605 2,199 7,062 1,437 703 1,468 1,251 4,544 deposits: Member bank reserves 791 5,389 836 1,249 910 1,113 3,168 722 483 909 1,076 3,1^1 U.S. Treasurer--general account1 20 l^l kh 55 kB 46 48 51 31 39 83 156 Foreign 6 U 36 7 ll 6 8 18 4 3 6 7 16 Other 1 2/574 17 11 17 12 24 h _5_ 6 5 63 Total deposits 618 6,ike 904 1,326 981 1,179 3,258 781 522 960 1,171 3,376 referred availability cash items 598 1,590 521 655 692 836 1,379 376 265 49c 446 852 Other liabilities and accrued dividends 12 57 10 16 16 12 38 7 6 9 29 TOTAL LIABILITIES 3,786 16,663 3,686 5,192 5,294 4,226 11,737 2,6ci 1,495 2,946 2,677 8,8ci CAPITAL ACCOUNTS Capital paid in i 579 26 149 31 52 30 36 85 20 14 26 34 74 Surplus 570 1 27 148 30 51 3C 35 83 20 14 25 33 74 Other capital accounts i 1 04 • 6 26 5 8 *y 6 16 4 2 4 4 14 TOTAL LIABILITIES AND i 1 1 i CAPITAL ACCOUNTS 70,759 3,847 17,186 3,752 5,303 5,361 4,305 11,923 2,645 1,525 3,001 2,946 8,963 Contingent liability on accept ances purchased for foreign correspondents 252 12 .3/ ^ 1? 23 13 16 36 9 6 11 14 33 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 40,935 2,W5 9,473 ?,295 3,444 3,722 2,324 *~7 ,307 1,505 726 1,549 1,351 4 ,794 Collateral for F. R. notes: Gold certificate account 6,695 450 1,000 483 600 740 450 1,, 40o 305 127 225 180 735 Eligible paper U. S. Government securities 36,306 2,016 8,900 2,000 _ 3,000 3,035 2,050 6.,1 50 1,310 615 1,400 1,230 ._iL, 600 Total collateral 43,001 j 2,466 9,900 2,483 3,6oc 3,775 ?,500 7;5 50 1,615 742 1,625 1,410 5.. 335 1/ After deducting $ 92 million participations of other Federal Reserve .lanks. 2/ Includes IMF gold deposit. * Less than $500,000. 3/ After deducting $186 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis