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 Condition Statement of F.R. Banks For immediate release H.4.1 April 27, 1967 The average of daily figures of total member bank reserves held during the week ended April 26, 1967, decreased a net of $166 million to $23,406 million. Estimated currency and coin of member banks increased $127 million and their reserve "balances at the Federal Reserve Banks decreased $293 million. Estimated required reserves increased $37 million; and estimated excess reserves decreased $203 million to $267 million. Excess reserves exceeded member hank "borrowings at the Federal Reserve Banks by $169 million, compared with the revised figure of $292 million the week "before. The principal changes reducing average reserve "balances with Federal Reserve Banks were decreases of $298 million in Federal Reserve float, and $80 million in member bank borrowings, and an increase of $292 -million in Treasury deposits with Federal Reserve Banks, The principal offsetting changes were an increase of $210 million in U. S» Government securities "bought outright, and a decrease of $l4o million in currency in circulation. Total Reserve Bank credit decreased $136 million. As of Wednesday,, April 26, 1967, holdings of U. S. Government securities bought outright were $170 million lower than a week earlier, U. S. Government securities held under repurchase agreements were $155 million higher, and member hank borrowings were $268 million higher. Average of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Apr. 26, Apr. 19, Apr. 27, Apr. 26, and related items 1967 1Q67 ,19,6,6., 19,6.7 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bougnt outright—System account 45,098 +210 +4,652 45,075 Held under repurchase agreements 4l + 1 + 4l 290 Federal Agency obligations— Held under repurchase agreements + 18 Acceptances-- Bought outright 70 + 3 7 69 Held under repurchase agreements 59 + 20 - 18 118 Disccunts and advances— Member bank borrowings 98 80 - 544 456 Other 25 + 4 + l 25 Float 1.,. 493 -298 - 495 1,390 Total Reserve Bank credit +3,634 47,441 Gold stock I3,ic3 - 1 - 524 13,109 Treasury currency outstanding ,6,553 + 24 + 772 6,561 +378BT 66,5IIB -113 67,111 Currency in circulation ^3,754 -i4o +2,191 43,805 Treasury cash holdings 1,382 + 22 + 433 1,^86 Treasury deposits with F. R. Banks 1,087 +292 + 621 840 Foreign deposits with F. R. Banks 119 - 1 - i4 118 Other deposits with F. R. Banks 469 + 4 + 65 464 Other F. R. accounts (net) 511 + 5 + 57 512 377125 47,321 +180 +3,352 Member bank reserves: With Federal Reserve Banks 19,227 -293 + 528 19,986 Currency and coin (estimated) 4,179 +127 + 263 4,655 Total reserves held 23,406 ^±&Z + 791 I 24,641 Required reserves (estimated) 23,133 + 37 + 904 ' 23,287 Excess reserves (estimated) 267 -203 - 113 1,354 On April 26, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,867 million, an increase of $79 million for the week and an increase of $398 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 ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Apr. 26, Apr. 19, Apr. 27_. 1967 _ 1967 1966 A S S E TS Gold certificate account 10,766 - 693 Redemption fund for F. R. notes 1,822 - 6 + §1 Total geld certificate reserves 12,588 - 6 - 602 Cash (6 •X 4 r 4) 334 + 112 Discounts and advances 481 +268 + 239 Acceptances: Bought outright 69 + 1 11 118 + 81 t- 10 Eeld under repurchase agreements Federal Agency obligations-- Held under repurchase agreements 18 + 13 18 U. S. Government securities: Bought outright-- Bills 13,006 -170 +3,844 Certificates 4,352 -- +4,340 Notes 21,368 — -3,597 Bonds 6,349 - - 225 Total bought outright 45,075 -170 +4,362 Held under repurchase agreements 290 +155 + 290 Total U, S, Government securities 45,365 - 15 +4,652 Total loans and securities 46,051 +348 +4,908 Cash items in process of collection (l,945) 7,4ll -852 + 20 Bank premises 109 -- + 7 Other assets 1/ 891 + 28 + 30 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,589) 67,384 -482 +4,475 L I A B I L I T I ES Federal Reserve notes (644) 38,443 - 96 +1,910 Deposits: Member bank reserves 19,986 +199 +1,580 U. S. Treasurer--general account 840 +78 + 543 Foreign 118 - 10 17 Other 2/ 464 -164 + 64 Total deposits 21,408 +103 +2,170 Beferred availability h items (l,945) 6,021 -527 + 298 Gas Other liabilities and accrued dividends 221 -- + 39 TOTAL LIABILITIES (2,589) 66,093 -520 +4,4l7 C A P I T AL A C C O U N TS Capital paid in 579 — + 19 Surplus 570 ~ + 19 Other capital accounts 142 +38 + 20 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 264 +12 + 127 * 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 26, 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 DDiissccoouunnttss aanndd Federal Agency ob ligations aaddvvaanncceess AAccce:e eupttaanncceess Holdings Wee kly changes Within 15 days 453 139 2,304 -43 16 days to 90 days 28 48 22,1?4 +4o 91 days to 1 year 19,389 + l Over 1 year to 5 years 10,183 Over 5 years to 10 yeairrss 898 Over 10 years **5 Total 481 I87 45,383 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(h) STATEMENT OF COHDITION OF EACH FEDERAL RESERVE BANK ON APRIL 26, 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 i Gold certificate account 10,766 591 2,013 575 601 918 481 2,400 345 196 425 334 1,687 Redemption fund for F. R. notes I 1,822 102 436 94 15-2 159 101 337 63 31 71 61 215 Total gold certificate reserves 12,588 693 2, 449 669 953 1,077 582 2,737 408 227 496 3&5 1,9C£ F. R« notes of other Banks 644 48 171 25 76 37 80 54 17 8 22 35 69 Other cash 334 10 38 7 54 19 42 52 32 8 17 17 38 Discounts and advances 481 27 14 32 14 45 16 146 2 6 29 3 147 Acceptances: Bought outright 69 — 69 — — — — _-. __ — ,— -- — Held under repurchase agreements 118 — 118 — — — — — — — —. — Federal Agency obligations— Held under repurchase agreements 1 18 — 18 — — — — — «*«» — U. S. Government securities: 1 Bought outright— t ! Bills | 13,CC6; 693 3,335 676 1, 024 955 737 2, c8o 475 248 502 543 1,738 Certificates ^352, 232 1,116 226 342 319 246 697 159 83 168 182 582 Notes 1 21,368: 1,139 5,479 1,111 1,681 1,569 1,210 3,4X9 781 408 825 891 2,855 Bonds 1 6,34-9| 338 1,629 330 499 466 36c l,Ci6 232 121 245 265 848 Total , ^5,075 2,402 11,559 2,343 3,546 3,309 2,553 7,212 1,647 86c 1,740 1,881 6,023 Held under repurchase agreements 1 290! — 290 — — — — — — — — — — Total U* S. Government securities 45,365j 2,402 11,649 .2,343 3,546 3.309 2.553 7,212 1.647 860 1.74c 1.861 6.023 Total loans and securities 46,051 2, 429 12,068 2,375 3,560 3,354 2,569 7,358 1,649 866 1,769 1,884 6,170 Cash items in process of i collection 9,356j 608 1,605 584 683 736 880 1,381 456 276 638 640 869 Bank premises IC91 3 le 2 5 6 20 19 9 3 13 10 9 Other assets l/ 89l| 34 402 37 54 45 37 101 24 14 26 30 87 TOTAL ASSETS 69,973 3,825 16,743 3,699 5,387 5,274 4,210 11,702 2,595 1,402 2,981 3,C11 9,144 1 l/ Includes assets denominated in foreign currencies and IMF gold deposited. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.4.1(c) STATEMENT OF CONDITION OF FACE FEIEPAL RESERVE BANK OH APRIL 26, I967 San Total ; Boston I New Phila-I Cleve-' Rich- Atlanta\Chicago I St. i Minne-> Kansas 1 Dallas Fran I York delphia! land mond Louis J apolisI City cisco (in millions of dollars) i I £ E I IJ ± I I .£ £ Federal Reserve notes 2,349 9,069 2,249 3,167 3,604 2,191 7,036 1,433 702 1,487 1,249 4,531 Ieposits: Member bank reserves 757 5,475 806 1,405 894 1,054 3,119 695 413 855 1,095 3,418 U.S. Treasurer--general account 38 3& 30 65 75 142 51 9 57 72 171 Foreign 5 5/ 33 6 10 6 7 17 4 3 5 7 15 Other 1 2/384 2 2 * 2 2 l 61 Total deposits \c 6ci 5,984 850 1,445 974 1,138 3,28C 750 427 919 1,175 3,665 referred availability cash items , 6ci 1,296 521 623 6ll 790 1,159 359 238 510 506 752 Other liabilities and accrued dividends 11 61 11 18 15 12 35 8 4 8 29 TOTAL LIABILITIES 168,682 ( 3,762 16,410 3,631 5,273 5,204 4,131 11,510 2,550 1,371 2,924 2,939 8,977 CAPITAL ACCOUNTS Capital paid in 579 28 149 31 52 30 36 85 20 14 26 3^ 74 Surplus ; 570 27 148 30 51 30 35 &3 20 14 25 33 74 Other capital accounts 1 142 8 36 7 11 10 8 24 6 23. _5_ TOTAL LIABILITIES ANr CAPITAL ACCOUNTS : 69,973 3,825 16 ,7^3 3,699 5,3&7 5,2 74 4,. 210 11,7 ?,595 1,402 2,981 3,011 9,144 Contingent liability on accept ances purchased for foreign c o rre s ponde nt s 264 13 3/ b9 14 24 Ik 16 38 12 15 3^ FErERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Ac, 888 2,435 9,496 2,289 3,436 3,716 2,313 7,296 1,506 726 1,5^3 1,349 4,781 Cullateral for F. R. notes: Gold certificate account I 6,695 j 45c i,cco 483 600 74c 45c l,4oc 305 127 225 180 735 Eligible paper i 31 I 31 U. S. Government securities ,36,306 2,016 8,900 2,oco 3,000 3,035 2,05c 6,150 1,310 615 1,400 1,230 _4_j6cc_ Total collateral 43,032 j 2,466 9,90c 2,514 3,60c 3,775 2,50c 7,550 1,615 742 1,625 l,4io 5,335 l/ After deducting £ 85 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. * Less than £500,'--CC _3_/ After deducting £195 million partieipaticns of other Federal Reserve Fanks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis