H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Factors Affecting Bank Reserves and Condition Statement of F.R. Banks HA.I For immediate release August 31/ 1967 The average of daily figures of total member hank reserves held during the week ended August 30, decreased a net of $322 million to $23,^53 million. Estimated currency and coin of member hanks increased $129 million and their reserve balances at the Federal Reserve Banks decreased $i|-51 million. Estimated required reserves decreased $92 million; and estimated excess reserves decreased $230 million to $228 million. Excess reserve** exceeded member bank borrowings at the Federal Reserve Banks by $182 million, compared with the revised figure of $^-11 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $32*4- million in Federal Reserve float, $255 million in U. S. Government securities bought outright, and an increase of $55 million in Treasury deposits with Federal Reserve Banks, The principal offsetting changes were decreases of $102 million in currency in circulation, and $7^- million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $587 million. As of Wednesday, August 30, 1967, holdings of U. S. Government securities bought outright were $335 million lower than a week earlier, and member bank borrowings were $1 million lower. Average of daily figures Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Aug. 30, Aug. 23, Aug. 31. Aug. 30, and related items 1967 1967 1966 1967 1 - <- ' 1 T-.<„ - (In millions of dollars) Reserve Bank credit: U. S. Government securities— Bought outright--System account ^6,2l4-9 -255 +3,652 46,169 Held under repurchase agreements Federal Agency obligations— Held under repurchase agreements Acceptances- Bought outright 67 18 65 Held under repurchase agreements Discounts and advances- Member bank borrowings k6 - 1 - 645 60 Other - 2 I Float 1,290 -324 - ^85 1,212 Total Reserve Bank credit ^•7,651 -587 +2,537 | 47,5C6 Gold stock 13,Okk - Ik - 2l4 13,009 Treasury currency outstanding 6,693 + 19 + 652 6,704 67/388 -582 +2,975 ! 67,219 Currency in circulation W-,918 -102 +2, i47 45,054 Treasury cash holdings 1^-95 - 2 + 4l6 1,508 Treasury deposits with F. R. Banks 1,076 + 55 7 1,328 Foreign deposits with F. R. Banks 121 - 12 - 17 116 Other deposits with F. R. Banks + 1 + 31 452 ^3 Other F. R. accounts (net) - Ik - 169 | 108 183 -133 +2,401 W565 Member bank reserves: ^8,236 With Federal Reserve Banks 19,151 -451 + 573 18,653 Currency and coin (estimated) +129 + 239 4,766 M02 Total reserves held -322 + 812 23,419 237^53 Required reserves (estimated) - 92 + 9kQ 1 23,293 23,225 Excess reserves (estimated) 228 -230 - 136 126 On August 30, 1967, U Government securities held in custody hy the Federal Reserve Banks for foreign account were $7,^27 million, an increase of $60 million for the week and an increase of $385 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 Aug- 30, Aug. 23, Aug. 31, —19DZ ,1967 1,966 A S S E TS Gold certificate account 10,653 - 5^ - 330 Redemption fund for F. R. notes i.1.846 _2 + ja_ Total gold certificate reserves 12,499 - 56 - 289 Cash ( 668) 335 7 + 29 Discounts and advances 60 - 13 - 326 Acceptances: Bought outright 65 6 17 Held under repurchase agreements Federal Agency obligations-- Held under repurchase agreements U. S. Government securities Bought outright-- Bills 13,541 335 +2, 840 Certificates - Other -- -- -4, 366 Notes 26,090 -T +5., 077 Bonds 6,538 — + 100 Total bought outright 46,169 - 335 +3., 651 Held under repurchase agreements Total U. S. Government securities 46,169 - 335 +3, 651 Total loans and securities 46,294 - 328 +3., 3^2 Cash items in process of collection (1,832) 6,569 - 168 + 218 Bank premises 110 1 + 6 Other assets 1/ 1,350 + 147 + JJk. TOTAL ASSETS/LIABILITIES & CAPITAL ACCOUNTS (2,500) 67,157 413 +3,480 L I A U L IT I E S Federal Reserve notes ( 668). 39,683 10 +1,954 Deposits: Member bank reserves .8,653 - 586 +1,254 U. S. Treasurer—general account 1,328 + 192 - 286 Foreign 116 - 17 - 54 Other 2/ 452 + 15 + 57 Total deposits 20,549 396 971 Deferred availability cash items (1,832) 5,357 60 + 491 Other liabilities and accrued dividends 239 5 + TOTAL LIABILITIES (2,500) 65,828 ii l +3,424 5 £ A P I 1 A L A C C O U N TS Capital paid in 588 1 • 23 Surplus 570 + 19 Other capital accounts f 14 171 37 Ratio of gold certificate reserves to F. R. note liability (computed from figures as shown on the following pages—not consolidated) 31.0$ J# - 2.1$ Contingent liability on acceptances purchased for foreign correspondents 253 - 14 - 19 * 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 30, 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 Acjce ptances Hoi dings Meekly changes Within 15 days 57 21 1 ,665 - 231 16 days to 90 days 3 kh 13,, 176 - 24 91 days to 1 year - - 15., 167 80 Over 1 year to 5 yearss - - 14 , 745 Over 5 years to 10 yetaarrss - 900 Over 10 years - - 516 Total 60 65 46,169 335 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E. 4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 30, 1967 Total Boston New Phila Cleve Rich York delphia land mond , (In millions A S S E TS Gold certificate account 10,653 ! 589 2,592 657 811 Redemption fund for F. R. notes ; 1,846 ! 105 448 97 148 Total gold certificate reserves i 12,499 1 694 3,040 75^- F. R. notes of other Banks 668 72 185 44 Other cash 335 1 13 3h 8 Discounts and advances 1 60 8 8 2 Acceptances: Bought outright 65 -- 65 _- Held under repurchase agreements -- -- — Federal Agency obligations-- Held under repurchase agreements 1 «.- -- -- -- U. S. Government securities: Bought outright— Bills 13,5^1 | 713 3, kC9 689 Certificates -- [ -- -- Notes 26,090 |1,372 6,568 1,326 Bonds 6,538 \-J kk 1,646 332 Total 46,169" [27429 li7"623 2,3^-7 Held under repurchase agreements i — — 1 Total U. S. Government securities 46,169 2, 429 11,623 2,3^7 Total loans and securities 46,294 2,437 11,696 2,3^-9 Cash items in process of collection 8,4oi 553 1,1)85 498 Bank premises 110 3 10 2 Other assets l/ 1,350 55 520 60 TOTAL ASSETS 69,657; 3,827 16,970 3,715 Lf\ CO ON 00 San St. Minne Kansas Atlanta Chicago Eallas Fran Louis apolis City cisco "of"d ollarsi 1,006 625 l,76l 373 238 389 387 1,225 155 99 332 66 32 73 65_ 226 l,l6l 724 2,093 ^•39 270 462 452 1, ^51 46 70 37 30 29 33 20 64 49. 21 42 59 3* 6 16 15 38 1 2 3 13 11 2 5 5 __ — — — — — -- — -.- — — — — — — — -- -- -- -- -- -- -- -- -- -l,c6o 988 718 2,266 477 26l 532 559 1,869 — — -- — — — — — — 2,04l 1,903 1 ,385 ^,367 919 502 1,027 1,077 3,603 511 478 3^7 i,C95 230 125 257 270 903 3,612 3,369 —2 >50 7,728 l,626 " 888 1,816 i,90"6~ 6,375 — -- -- " -- -- -- -- -- 3,612 3,369 2 ^•50 7,728 1,626 888 1,816 1,906 6,375 3,613 3,371 2. , ^•53 7,7^1 1,637 890 1,821 i,9H 6,375 619 678 724 l, 4i6 396 268 531 454 779 5 6 20 19 9 3 15 9 9 98 65 66 166 39 26 49 59 147 5,381 5,3^8 K 099 11,531 2,584 1, ^-92 2,927 2,920 8,863 1/ Includes assets denominated in foreign currencies and IMF gold deposited. 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 AUGUST 30, 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 40,351 2,397 9,377 2,310 3,240 3,697 2,267 7,178 1,478 699 1,532 1,330 4,846 Deposits: Member bank reserves 18,653 735 5,210 778 1,335 893 1,030 2,782 648 471 817 1,049 2,905 U.S. Treasurer—general .a ccount 1,328 67 336 118 99 95 75 119 78 51 83 62 145 Foreign 116 6 23 7 11 7 8 18 4 3 6 7 16 Other 452 1 371 1 1 7 1 2 5 1 ? 1 59 Total deposits 20,549 809 5,940 904 1,446 1,002 1,114 2,921 735 526 908 1,119 3,125 Deferred availability cash items 7,189 544 1,249 419 558 559 624 1,196 317 231 420 386 686 Other liabilities and accria ed 239 13 59 12 20 17 13 39 8 5 9 11 33 dividends TOTAL LIABILITIES 68,328 3,763 16,625 3,645 5,264 5,275 4,018 11,334 2,538 1,461 2,869 2,846 8,690 CAPITAL ACCOUNTS Capital paid in 588 28 153 31 53 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 171 44 9 13 1? 6 3 23 9 7 7 TOTAL LIABILITIES AND 69,657 3,827 16,970 3,715 5,381 5,348 4,099 11,531 2,584 1,492 2,927 2,920 8,863 CAPITAL ACCOUNTS Contingent liability on ac<: eptances purchased for fore]Lg n 253 12 66 13 23 13 16 37 9 6 11 14 33 correspondents FEDERAL RESERVE AGENTS1 ACCOUNTS F, R. notes outstanding 9,853 2,375 3,463 3,820 2.375 7,416 1,569 736 1,601 1,868 5,066 Collateral for F. R. notes: Gold certificate account 1,000 503 600 740 450 1,400 320 127 225 180 735 • Eligible paper U. S. Government securities 9,000 2.000 3,000 3,160 2,050 6,150 1,310 625 1,400 1,280 4.600 Total collateral 2,546 10,000 2,503 3,600 3,900 2,500 7,550 1,630 752 1,625 1,460 5,335 JL/ After deducting $ 93 million participations of other Federal Reserve Banks, 2/ Includes IMF gold deposit. .3/ After deducting $187 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis