H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•iJSSSfe, F E D E R AL R E S E R VE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 15, 1967 The average of daily figures of total member bank reserves held during the week ended June ik, increased a net of $27 million to $23,210 million. Estimated currency and coin of member banks increased $kk million and their reserve balances at the Federal Reserve Banks decreased $17 million. Estimated required reserves increased $2 million; and estimated excess reserves increased $25 million to $368 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $325 million, compared with the revised figure of $266 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $273 million in U. S. Government securities bought outright, §8k million in U. S. Government securities held under repurchase agree ments, and an increase of $l62 million in currency in circulation. The principal offsetting changes were an increase of $59 million in Federal Reserve float, and decreases of $263 million in Treasury deposits with Federal Reserve Banks, and $226 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $360 million. As of Wednesday, June lk, 1967, holdings of U. S. Government securities bought outright were $566 million lower than a week earlier, and member bank borrowings were $2 million lower. Average of daily f JLffires Member bank reserves, Week ended i Change from week ended'Wednesday, Reserve Bank credit, June 1*1, | June 7, ' June 15, June 14, and related items 1967 ! 1967 ! 1966 1967 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright--System account 45,596 -273 +3,995 45,353 Held under repurchase agreements - 84 - 58 Federal Agency obligations-- Held under repurchase agreements • 2 Acceptances-- Bought outright 7*- + 3 9 j 73 Held under repurchase agreements ~- - 30 - 99 Discounts and advances— Member bank borrowings k3 - 3* - 7^5 63 Other 25 + 13 25 Float 1,380 + 59 - 429 1,378 Total Reserve Bank credit 47,118 -350 +27668 467892 Gold stock 13,108 - 1 - 425 13,109 Treasury currency outstanding 6,598 + 8 + 687 6,596 66/824 -35if +2,931 66,597 Currency in circulation 44,600 +162 +2,244 44,669 Treasury cash holdings 1,380 -- + 362 | 1,392 Treasury deposits with F.R. Banks 471 -263 - 438 247 Foreign deposits with F, R. Banks 131 __ 5 i 142 Other deposits with F. R. Banks 450 - 9 + 62 I 442 Other F. R, accounts (net) 609 -226 + 42 1 5C8 w&s -337 +2,266 j 47,400 Member bank reserves: With Federal Reserve Banks 19,183 - 17 + 665 19,197 Currency and coin (estimated) 4,027 + 44 + 215 4,56l Total reserves held 23,210 + 27 + ~ 880 j 23,758 Required reserves (estimated) 22,842 + 2 + 977 « 23,057 Excess reserves (estimated) 368 + 25 - 97 701 On June lk, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,917 million, an increase of $257 million for the week and an increase of $2^3 million from the comparable 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 OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Change since June Ik, June 7, June 15, 1967 1967 1966 A S S E TS Gold certificate account 10,768 21 559 Redemption fund for F. R, notes 1,83^ 14 81 Total gold certificate reserves 12,602 7 478 Cash (U72) 320 2 78 Discounts and advances 88 2 690 Acceptances: Bought outright 73 10 Held under repurchase agreements 32 99 Federal Agency obligations- Held under repurchase agreements U. S. Government securities: Bought outright- Bills 12,960 566 +3,157 Certificates +4,340 Notes 21,638 -3,598 Bonds 6,1+03 -- + 19 Total bought outright ^5,353 566 +3,918 Held under repurchase agreements Total U. S. Government securities 45,353 566 +3,918 Total loans and securities 45,514 - 600 +3,119 Cash items in process of collection (2,013) 7,814 +1,169 - 97 Bank premises 108 + 5 Other assets l/ 853 + 103 + 42 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,485) 67,211 667 +2,669 L I A B I L I T I ES Federal Reserve notes (472) 39,278 03 +1,961 Deposits: Member bank reserves 19,197 146 +1,044 U. S. Treasurer--general account 247 180 - 791 Foreign 142 12 + 3 Other 2/ (*) 442 15 + 38 Total deposits 20,028 • 329 294 Deferred availability cash items (2,013) 6,436 -1,058 + 350 Other liabilities and accrued dividends 229 9 13 TOTAL LIABILITIES (2,485) 65,971 + 783 +2,6l8 C A P I T AL A C C O U N TS Capital paid in ~" 585 23 Surplus 570 + 19 Other capital accounts 85 118 9 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 31.7$ 2.6$ Contingent liability on acceptances purchased for foreign correspondents 360 5 148 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AMD SECURITIES, JUNE Ik, 1967 (Acceptances and securities held under repurchase agreements are classified as maturing vithin 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities and Discounts and Federal Agency obligations advance Ac<c eptances Holdings i Weekly changes >S Within 15 days 69 8 1,819 - 21 16 days to 90 days 19 65 11,512 -436 91 days to 1 year -« .. 17,304 -109 Over 1 year to 5 years „ 13,236 __ Over 5 years to 10 yeairrss -- 994 .- Over 10 years -- -- 1+88 -- Total 88 73 45,353 -566 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4. 1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 14, 1967 1 11 —, p r San Total 1 Boston New Phila Cleve Rich Atlanta Chicagoj st. 1 Minne-j Kansas Dallas Fran- York delphia land mond . _l Louis ; apolisI City cisco (In millions of dollars) A S S E TS Gold certificate account 1 10,768 638 3, 4oi 617 736 94l 612 1,621 326 152 410 329 985 Redemption fund for F # R. notes 1 l,83*i-: 103 443 96 150 158 100 335 65 32 m 71 r 62 219 Total gold certificate reserves I 12,602 ; 7^1 3,844 713 886 l,C99 712 1,956 391 I84~ 39T" 1,204 F. R. notes of other Banks ! ii-721 33 154 20 ^5 31 ^3 34 17 9 19 18 U9 Other cash 320 12 36 6 49 15 Uo 54 32 8 17 17 34 Discounts and advances 88 3 7 1 2 13 2 12 1 T 17 5 24 Acceptances: Bought outright 73 __ 73 -- -- — -- -- -- — -- — — Held under repurchase agreements " -- — -- — — — - — —- -- Federal Agency obligations- Held under repurchase agreements [ U. S. Government securities: Bought outright— Bills ! 12,960i 6lk 3,l4l 665 1,022 937 689 2,200 465 275 491 532 1,869 Certificates 1 ^352 226 1,055 223 343 315 231 739 156 92 165 179 628 Notes 21,638 l, 126 5,2*1-5 1,109 1,707 1,565 1,151 3,673 776 458 818 888 3,122 Bonds 6, ii.03 331*- 1,551 328 505 ^63 3I1I 1,087 230 136 242 263 923 Total "T57353 2,360 10,992 2,325 3,577 3,200 2, 412 ~T7W9~ l,b2Y 9"oT~ l,Yl6 1,062 "675^2" Held under repurchase agreements -- — — -- -- -- -- — -- -- -- -- — Total U. S. Government securities fr-5,353 2, 360 10,992 2,325 3,577 3,280 2,1J12 7,699 1,627 961 1,716 1,862 6,542 Total loans and securities ^5,51^ 2,363 11,072 2,326 3,579 3,293 2, lj-llj- 7,711 1,628 962 1,733 1,867 6,566 Cash items in process of collection 9,827! 618 1,679 619 717 757 968 1,602 ^88 315 6C9 552 903 Bank premises 108! 3 10 2 5 6 20 19 9 3 13 9 9 m Other assets l/ 30 389 3_4_ 54_ 38_ 35 95 22 14 26 31 85 TOTAL ASSETS 69,696I 3,800 17,184 3,720 5,335 5,239 4,232 11,471 2,587 1,495 2,898 2,885 8,850 J 1/ Includes assets denominated in foreign currencies and IMF gold deposited. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 14, 1967 H.4.1(c) ! • " r ! 1 San New 1 Phila- Cleve Rich St. : Minne- Kansas i Total !B oston 'Atlanta 'Chicago; !1 D allas Fran York j delphia land mond 1 J 1 Louis ; apolis! City cisco 1 - , i— (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 39,750 2,375 9,204 2,309 3,205 3,651 2,244 7,067 1,459 713 1,518 1,287 4,718 Deposits: Member "bank reserves 19,197 747 5,555 772 1,336 847 1,037 2,788 676 470 827 1,050 3,092 U.S. Treasurer--general account 247 * 239 * l 1 * * 1 1 1 3 •* Foreign 142 6 1/ 46 7 12 7 8 19 4 3 6 7 17 Other 442 l 2/366 l * 8 l 2 2 # 2 l 58 Total deposits 20,028 1 754 6,206 780 1,348 863 1,047 2,809 682 474 836 1,059 3,170 Deferred availability cash items 8,449 6co 1,395 555 653 642 852 1,375 395 273 480 460 769 Other liabilities and accrued dividends 229 12 57 10 19 17 12 3& 8 5 9 9 33 TOTAL LIABILITIES ; 68,456 ! 3,74l 16,862 3,654 5,225 5,173 4,155 11,289 2,544 1,465 2,843 2,815 8,690 CAPITAL ACCOUNTS Capital paid in ! 585 | 28 152 31 52 30 37 85 20 14 26 34 76 Surplus 1 570 27 148 30 51 30 35 83 20 14 25 33 74 Other capital accounts 85 4 22 5 7 0 5 14 3 2 4 3 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS jj59,6_96_| _3A8OO_ 17,184 3,720 5,335 5,239 4,232 11,471 2,587 1,495 2,898 2,885 8,850 Contingent liability on ace; eptances purchased for foreign correspondents j 36o 1 x7 2/ 93 19 32 19 22 52 13 9 16 21 47 FEDERAL RESERVE AGENTS' ACCOUNTS F_ R. notes outstanding 9,638 2,356 3^17 3,7^6 2,335 7,311 1,529 737 1,569 1,368 4,952 Collateral for F. R. notes: Gold certificate account 1,000 493 600 7^0 ^50 1,1*00 305 127 225 180 735 Eligible paper U- S. Government securities 8,900 2,000 3,000 3,060 2,050 6,150 1,310 025 1,400 1,230 4,600 Total collateral 2,^86 9.900 2,493 3,600 3.800 2,500 7,550 1,615 752 1,625 1,410 5,335 1/ After deducting $ '^6 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. Less than $500,000. 3/ After deducting $267 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis