H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 3, 1967 The average of daily figures of total member bank reserves held during the week ended August 2, decreased $67 million to $23,951 million. Estimated currency and coin of member banks decreased $6 million and their reserve balances at the Federal Reserve Banks decreased $6l million. Estimated required reserves increased $35 million; and estimated excess reserves decreased $102 million to $322 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by -$2©6-«illion, compared with the revised figure of $370 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $193 million in Federal Reserve float, and an increase of $202 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were increases of $118 million in U. S. Government securities bought outright, and $62 million in member bank borrowings, and a decrease of $118 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $9 million. As of Wednesday, August 2, 1967, holdings of U. S. Government securities bought outright were $50 million lower than a week earlier, and member bank borrowings were $385 million higher. Average of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Aug. 2, July 26, Aug. 3, Aug. 2, and related items 1?67 ML 1966 1967 (In millions of dollars) Reserve Bank credit: U. S. Government securities-- Bought outright—System account 46,833 +118 +4,546 46,804 Held under repurchase agreements - 158 Federal Agency obligations-- Held under repurchase agreements Acceptances-- Bought outright 80 30 81 Held under repurchase agreements Discounts and advances— Member bank borrowings 116 - 662 507 Other 3 + 3 5 Float 1A39 -1,000 1,359 Total Reserve Bank credit 48, 470 +2,757 Gold stock 13,091* - 238 13,059 Treasury currency outstanding + 639 6,634 6,632 +3,159 5B7S49 SBTl^ Currency in circulation +2,093 44,943 44,845 Treasury cash holdings 1,477 425 485 Treasury deposits with F. R. Banks 1,390 + 104 1,323 Foreign deposits with F. R. Banks 115 - 204 127 Other deposits with F. R. Banks + 44 475 464 Other F. R. accounts (net) + 82 219 250 W&i +27543 48,572 Member bank reserves: With Federal Reserve Banks 19,655 + 613 19,877 Currency and coin (estimated) 4,296 + 351 4,470 Total reserves held 23,951 + 964 24,347 Required reserves (estimated) 23,629 + 995 23,835 Excess reserves (estimated) 322 - 31 512 On August 2, 1967, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $7,631 million, an increase of $179 million for the week and an increase of $213 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 (Itt millions o£ dollars) Change since August 2, July 26, August 3, 1967 1967 1966 A S S E TS Gold certificate account 10,710 - 35 - 368 Redemption fund for F. R. notes 1,844 - 5 + 35 Total gold certificate reserves 12,554 - 40 - 333 * Cash 42) 327 - 1 + 42 Discounts and advances 512 +390 - 490 Acceptances: Bought outright 81 33 Held under repurchase agreements Federal Agency obligations-- Held under repurchase agreements U S. Government securities: Bought outright-- Bills 14,176 - 50 +3,706 Certificates 4,353 -- +4,338 Notes 21,737 -- -3,589 Bonds 6,538 -- + 62 Total bought outright 46,804 - 50 +4,517 Held under repurchase agreements -- -- - 358 Total U. S. Government securities 46,804 - 50 +4,159 Total loans and securities 47,397 +340 +3,702 Cash items in process of collection (1,843) 7,247 +201 - 161 Bank premises 109 -- + 5 Other assets 17 1,268 + 90 + 159 TOTAL ASSETS/LIABILITIES 6c CAPITAL ACCOUNTS (2,485) 68,902 +590 +3,414 L I A B £L i: T J: E S Federal Reserve notes (642) 39,616 + 31 +1,874 Deposits: Member bank reserves 19,877 + 1 +1 ,067 U. S. Treasurer--general account 1,323 - 1 - 196 Foreign 127 + 30 - 12 Other 2/ 475 + 9 + 82 Total deposits 21,802 + 39 + 941 Deferred availability cash items (1,843) 5,888 +470 + 494 Other liabilities and accured dividends 255 + 14 + 42 TOTAL LIABILITIES (2,485) 67,561 +554 +3 ,351 £ A £ I i AL A C C O U N TS Capital paid in 586 _ . + 22 Surplus 570 -- + 19 Other capital accounts 185 + 36 + 22 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages--not consolidated) 31.2% -.1% 2.1% Contingent liability on acceptances purchased for foreign correspondents 309 - 30 + 47 * 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 AND SECURITIES, AUGUST 2, 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 506 15 7,533 +5,559 16 days to 90 days 6 66 6,431 -5,556 91 days to 1 year •* •* -- 17,903 - 53 Over 1 year to 5 years -- -- 13,407 — — Over 5 years to 10 years ._ 1,014 -- Over 10 years -— -- 516 Total 512 81 46,804 50 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 AUGUST 2, 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 10,710 , 689 2, l42 689 935 1,0*9 592 2,005 385 190 454 353 1,227 Redemption fund for F- R. notes 1,844 106 U50 97 149 157 99 333 65 32 70 6k 222 Total gold certificate reserves 12,551"- 1 795 2,592 786 1,084 1,206 691 2,338 450 222 524 kn l, 449 F. R. notes of other Banks 642 i 5^ 193 42 48 47 64 32 27 27 23 20 65 Other cash 327 I 11 37 8 51 19 kl 56 32 7 17 16 32 Discounts and advances 512 » 19 222 2 15 39 -- 59 19 2 12 5 118 Acceptances: Bought outright 81 i 81 -- -- -- -- -- -- — -- -- — Held under repurchase agreements i -- -- -- — -- -- -- -- -- -- — Federal Agency obligations— 1 U. S. Government securities: ! ; Bought outright— 1 Bills 741 3,639 720 1,072 1,008 775 2,320 499 290 558 586 1,968 14,176 Certificates 227 1,117 222 329 309 238 713 153 89 171 181 6c4 ^,353 Notes 1,136 5,579 1,105 1,644 l, 5^-5 l, 189 3,558 766 444 855 899 3,017 |2i,737 Bonds 342 1,678 332 494 465 358 1,070 230 133 257 271 908 j 6,538 Total 146,804 2,446 12,013 2,379 3,539 3,327 2,560 7,661 1,648 956 1,841 1,937 6,^97 Held under repurchase agreements Total U. S. Government securities •46,804 2,446 12,013 2,379 3,539 3,327 2,560 ..7,661 1,648 956 1,841 1,937 6,497 Total loans and securities k7,397 2,1)65 12,316 2,381 3,55^- 3,366 2,560 7,720 1,667 958 1,853 1,942 6,615 Cash items in process of collection j 9,090 582 1,486 572 659 745 798 1,508 498 292 596 483 871 Bank premises ! 109 3 10 2 5 6 20 19 9 3 14 9 9 Other assets l/ 1 1,268 1 51 498 56 87 63 60 157 37 24 k5 52 138 TOTAL ASSETS 171,387 3,961 17,132 3,847 5,^88 5,^52 4,234 11,830 2,720 1,533 3,072 2,939 9,179 1/ Includes assets denominated in foreign currencies and IMF gold deposited* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(c) STATEMENT OF CONDITON OF EACH FEDERAL RESERVE BANK ON AUGUST 2, 1967 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 40,258 2,^03 9,367 2,329 3,226 3,690 2,262 7,155 1,471 707 1,527 1,316 4,805 Deposits: Member bank reserves 19,877 847 5,507 861 1,^32 909 1,047 3,019 679 491 838 1,063 3,184 U.S. Treasurer — general account 1,323 64 191 69 81 101 93 149 151 46 165 71 142 Foreign 127 6 1/ 35 6 11 7 8 18 4 3 6 7 16 Other ^71 * 2/384 7 * 9 1 2 l * 2 1 68 Total deposits 21,802 917 6,117 943 1,524 1,026 1,149 3,188 835 540 1,011 1,142 3,410 Deferred availability cash items 7,731 563 1,235 491 600 645 727 1,246 359 249 466 396 754 Other liabilities and accrued dividends 255 13 66 13 20 18 14 4l 9 6 10 11 _3A TOTAL LIABILITIES 70,046 3,896 16,785 37776" 57370 57379 4~152 11,630 2,674 1,502 3,014 2,865 9,003 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 185 10 47 10 15 12 10 32 6 3 7 7 26 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 71,387 j^96l 17,132 3,847 5,488 5,452 4,234 11,830 2,720 1,533 3,072 2,939 Q.17Q Contingent liability on accept ances purchased for foreign correspondents 309 15 3/ 77 16 28 16 20 11 8 14 18 41 o FEDERAL RESERVE AGENTS* ACCOUNTS F. R. notes outstanding 42,060 2,510 9,811 2,389 3,448 3,818 2,365 7,391 1,543 743 1,590 1,410 5,042 Collateral for F. R. notes: Gold certificate account 6,720 450 1,000 503 600 740 450 l,4oo 310 127 225 180 735 Eligible paper U. S. Government securities 36,671 j 2,096 9,000 2,000 3,000 3,160 2,050 6,150 1,310 625 i,4oo 1,280 4,600 Total collateral 43,391 2,546 10,000 2,503 3,6oo 3,900 2,500 7,550 1,620 752 1,625 i,46o 5,335 1/ After deducting $ 92 million participations of other Federal Reserve Banks. 2/ Includes IMF gold deposit. Less than $500,000. 3/ After deducting $232 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis