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 H.4.1 For immediate release July 27, 1967 The average of daily figures of total member "bank reserves held during the week ended July 26, increased a net of $87 million to $23,970 million. Estimated currency and coin of member banks decreased $1.4 million and their reserve balances at the Federal Reserve Banks increased $101 million. Estimated required reserves decreased $125 million; and estimated excess reserves increased $212 million to $457 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $4-03 million, compared with the revised figure of $194 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks was an increase of $244 million in U. S. Government securities bought outright, and a decrease of $221 million in currency in circulation. The principal offsetting changes were a decrease of $239 million in Federal Reserve float, and an increase of $167 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $1 million. As of Wednesday, July 26, 1967, holdings of U. S. Government securities bought outright were $545 million higher than a week earlier, and member bank borrowings were $70 million higher. Average of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, July 26, July 19, July 27, July 26, and related items 1967 1967 1966 19_67 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 46,715 +244 +4,842 46,854 Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements Acceptances-- Bought outright 79 ik 81 Held under repurchase agreements Discounts and advances— Member bank borrowings 54 + 3 626 122 Other - 2 2 Float 1,608 -239 -1 167 1,628 Total Reserve Bank credit 48,11.56 +3,060 48,685 Gold stock 13,109 - 297 13,109 Treasury currency outstanding 6,616 + 13 + 6kj 6,622 68,181 + 13 +3,4lO 68,416 Currency in circulation 44,864 -221 +2,117 44,900 Treasury cash holdings 1,485 + 8 + k09 1,494 Treasury deposits with F. R. Banks 1,188 +I67 - 28 1,324 Foreign deposits with F. R. Banks 116 - 12 - 28 97 Other deposits with F. R. Banks 468 - 16 + 68 466 Other F. R. accounts (net) 368 - 12 + 98 259 48, 488 r^5 +2,633 48,540 Member bank reserves: With Federal Reserve Banks 19,693 +101 + 777 19,876 Currency and coin (estimated) 4,277 - i4 + 246 4,702 Total reserves held 23,970 + 87 +1,023 24,578 Required reserves (estimated) 23,513 -125 + 835 23,610 Excess reserves (estimated) +212 + 188 ^57 On July 26, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,452 million, an increase of $98 million for the week and an increase of $42 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since July 26, July 19, July 27, 1967 1967 1966 A S S E TS Gold certificate account 10,745 • 313 Redemption fund for F. R. notes 1,849 'r 34 Total gold certificate reserves 12,594 - 8 279 Cash (654) 328 + 11 57 Discounts and advances 122 + 70 848 Acceptances: Bought outright 81 27 Held under repurchase agreements Federal Agency obligations- Held under repurchase agreements U. S. Government securities: Bought outright- Bills 14,226 +545 +4,060 Certificates 4,353 +4,338 Notes 21,737 -3,589 Bonds 6,538 + 62 Total bought outright 46,854 -1-545 +4,871 Held under repurchase agreements Total U. S. Government securities 46,854 +545 +4,871 Total loans and securities 47,057 +615 +4,050 Cash items in process of collection (1,862) 7,046 -794 - 210 Bank premises 109 + 5 Other assets 1/ 1,178 +181 + 156 TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,516) 68,312 + 5 +3,779 L I A B I L IT I E S Federal Reserve notes (654) 39,585 -145 +1,888 Deposits: Member bank reserves 19,876 +650 +1,413 U. S. Treasurer —general account 1,324 +169 14 Foreign 97 - 23 52 Other 2/ (--) 466 - 15 + 69 Total deposits 21; ,763 +781 +1 ,416 Deferred availability cash items (1,862) 5. ,418 -669 + 374 Other liabilities and accrued dividends 241 + 43 TOTAL LIABILITIES (2,516) 67,007 - 33 +3,721 £ A £ I 1 AL A C C O U N TS Capital paid in 586 + 22 Surplus 570 + 19 Other capital accounts 149 + 38 + 17 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 31.37o -- - 2.0% Contingent liability on acceptances purchased for foreign correspondents 339 - 16 + 80 * Figures in parentheses are the eliminations made in the consolidating process. JL/ Includes assets denominated in foreign currencies and IMF gold deposited. 2/ Includes IMF gold deposit. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 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 Discounts and Federal Agency obligations advances Acceptances Holdings Weekly changes Within 15 days 114 15 1,974 - 42 16 days to 90 days 8 66 11,987 +446 91 days to 1 year 17,956 +141 Over 1 year to 5 years 13,407 Over 5 years to 10 years 1,014 Over 10 years 516 — Total 122 81 46,854 +545 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BMK ON JULY 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 Gold certificate account 10,7*1-5 539 3,012 602 732 955 539 1,679 443 180 459 456 1,149 Redemption fund for F. R. notes 1,849. 106 451 97 149 160 99 334 65 32 71 63_ 222 - — ~— Total gold certificate reserves 12,59^: 645 3,463 699 88l~ 1,115 638 508 212 530 519 1,371 F. R. notes of other Banks 65k 49 193 33 48 53 61 35 28 23 28 24 79 Other cash 328 11 38 8 48 17 42 57 33 7 18 17 32 Discounts and advances 122 4 4 * 3 24 2 18 9 3 6 3 46 Acceptances: } Bought outright [ 81\ 81 — — — — — — -- -- -- -- Held under repurchase agreements -- " — — — — — — — -- -- -- -- Federal Agency obligations- : Held under repurchase agreements — i U. S. Government securities: Bought outright— Bills ; 1^,226 765 3,596 722 1,093 1,013 783 2,390 485 289 545 555 1,990 Certificates : 4,353 234 1,100 221 335 309 239 732 148 89 167 170 609 Notes 21,737 1,169 5,495 1,103 1,671 1,547 1,196 3,652 740 443 833 848 3,040 Bonds 1 n t 6 f ,5 m 38 352 1,653 331 503 465 360 1,098 223 133 251 255 9l4 Total 2,520 11,844 2,377 3,602 3,33T~ 2,578 7,872 1,595" 954 1,796"^ 1,828 6,553 Held under repurchase agreements 11.. -- -- — — -- -- -- -- __ -- — Total IL S- Government securities ' 46,854 2,520 11,844 2,377 3,602 3,334 2,578 7,872 1,596 954 1,796 1,828 6,553 Total loons and securities : 47,057 2,524 11,929 2,377 3,605 3,358 2,580 7,890 1,605 957 1,802 1,831 6,599 Cash items in process of collection ; 8,908 584 1,580 531 645 688 765 1,473 421 313 573 489 846 Bank premises : 109 3 10 2 5 6 20 19 9 3 14 9 9 Other assets l/ f 1,178 47 473 53 81 5£_ 55 145 33 22 39. 48 126 ! VTQPAL ASS&FS i 70,828 3,863 17,686 3,703 5,313 5,293 4,i6l 11,632 2,637 1,537 3, oo4 2,937 9,062 , 1/ includes assets denominated in foreign currencies and IMF gold deposited. * Less than $500,000. 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 JULY 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) L I A B I L I T I ES Federal Reserve notes 40,239 2,411 9,344 2,337 3,227 3,688 2,260 7,152 1,472 710 1,526 1,315 4,797 Deposits: Member bank reserves 19,876 737 5,991 774 1,285 860 1,061 2,935 696 494 878 1,078 3,087 U.S. Treasurer—general <a ccount 1,324 75 310 59 92 73 91 187 78 39 68 55 197 Foreign 97 5 1/ 15 6 10 6 7 16 4 3 5 6 14 Other 466 1 2/381 1 1 8 2 2 * 3 1 66 Total deposits 21,763 818 6,697 840 1,388 947 1,161 3,140 778 536 954 1,140 3,364 Deferred availability cash items 7,280 558 1,246 444 564 571 647 1,106 334 255 458 400 697 Other liabilities and accnl ed dividends 241 13 61 13 19 17 13 40 8 5 9 10 33 TOTAL LIABILITIES 69,523 3,800 17,348 3,634 5,198 5,223 4,081 11,438 2,592 1,506 2,947 2,865 8,891 CAPITAL ACCOUNTS Capital paid in 586 28 152 31 52 31 37 85 20 14 26 34 76 Surplus 570 27 148 30 51 30 35 83 20 14 25 33 74 Other capital accounts 149 8 38 8 12 9 8 26 5 3 6 5 21 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 70,828 3,863 17,686 3,703 _5,313_ 5,293 ^4,161 11,632 _2,637 1,537 3,004 2,937 9,062 Contingent liability on ace: eptances purchased for fore]Lg n correspondents 339 16 3/ 88 18 30 18 21 49 12 8 15 20 44 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 1 42,125 2,508 9,827 2,398 3,455 3,818 2,376 7,401 1,550 733 1,586 1,417 5,056 Collateral for F. R. notes: Gold certificate account 6,720 450 1,000 503 600 740 450 1,400 310 127 225 180 735 Eligible paper U. S. Government securities 36,671 2,096 9,000 2,000 3,000 3,160 2,050 6,150 1,310 625 1,400 1,280 4,600 Total collateral 43,391 2,546 10,000 2,503 3,600 3,900 2,500 7,550 1,620 752 1,625 1,460 5,335 1/ After deducting $ 82 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. * Less than $500,000. 3/ After deducting $251 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis