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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release April 13, 19&1 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BAM CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of d a i l y f i g u r e s of t o t a l member "bank r e s e r v e s held during the week ended A p r i l 12 increased $82 m i l l i o n t o $18,785 m i l l i o n , which included an increase of $60 m i l l i o n in member hank reserve balances a t t h e Federal Reserve Banks. Estimated r e q u i r e d r e s e r v e s increased $40 m i l l i o n ; and estimated excess reserves increased $42 m i l l i o n t o $579 m i l l i o n . Excess r e s e r v e s exceeded member bank borrowings a t t h e Federal Reserve Banks by $527 m i l l i o n , compared with $430 m i l l i o n t h e week b e f o r e . The p r i n c i p a l changes supplying average reserve balances with Federal Reserve Banks were an increase of $62 m i l l i o n i n Federal Reserve f l o a t , and decreases of $31 m i l l i o n i n Treasury d e p o s i t s with Federal Reserve Banks, $38 m i l l i o n in f o r e i g n d e p o s i t s with Federal Reserve Banks, and $78 m i l l i o n in "other" deposits with Federal Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were a decrease of $55 m i l l i o n i n member bank borrowings and an increase of $109 m i l l i o n i n currency in c i r c u l a t i o n . T o t a l Reserve Bank c r e d i t increased $5 m i l l i o n . As of Wednesday, A p r i l 12, holdings of U. S. Government s e c u r i t i e s bought o u t r i g h t were $370 m i l l i o n lower than a week e a r l i e r , U. S. Government s e c u r i t i e s held under repurchase agreement were $52 m i l l i o n higher, and member bank borrowings were $4 m i l l i o n lower. Outright holdings of b i l l s and c e r t i f i c a t e s decreased $339 m i l l i o n and $121 m i l l i o n , r e s p e c t i v e l y ; and notes and bonds increased $39 m i l l i o n and $51 m i l l i o n , r e s p e c t i v e l y . Member bank r e s e r v e s , Reserve Bank c r e d i t , and r e l a t e d items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s — Bought outright—System account Held under repurchase agreement Acceptances—bought o u t r i g h t Discounts and advances— Member bank borrowings Other Float Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding Currency in c i r c u l a t i o n Treasury cash holdings Treasury d e p o s i t s with F. R. Banks Foreign d e p o s i t s with F. R. Banks Other d e p o s i t s with F. R. Banks Other F. R. accounts ( n e t ) Member bank r e s e r v e s : With Federal Reserve Banks Cash allowed as r e s e r v e s (estimated) Total r e s e r v e s h e l d Required r e s e r v e s (estimated) Excess r e s e r v e s ( e s t i m a t e d ) Averages of d a i l y f i g u r e s Week ended Change from week ended A p r i l 13, A p r i l 5, A p r i l 12, 1961 1961 I960 (In m i l l i o n s of d o l l a r s ) 26,854 14 46 + 18 - 20 52 7 1,004 27,978 17,389 5,411 50,777 + + + + + 32,007 4o6 398 212 310 l,oi4 34,347 +109 - 3 - 31 16,429 2,356 16,785 18,206 579 + 60 - 55 1 62 5 1 2 7 - 38 - 78 - 14 - 55 + + + + 22 82 40 42 +1,569 97 + 13 - 619 Wednesday, April 12, 1961 26,754 55 45 110 55 + 94 + 905 7 948 27,919 17,390 5,412 50,721 + 181 - 67 31,995 420 402 173 345 -2,005 + 69 -1,032 11 + 12 39 + 97 + 172 -1,205 +2,120 + 915 + 806 + 109 962 34,297 16,425 2,696 19,121 18,270 851 On April 12, 1961, U. S. Government s e c u r i t i e s held i n custody by the Federal Reserve Banks f o r f o r e i g n account were $6,237 m i l l i o n , an increase of $234 m i l l i o n f o r t h e week and an increase of $1,472 m i l l i o n from t h e comparable date a year ago. 8.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (la. m i l l i o n s of d o l l a r s ) A p r i l 12, 1961 ASSETS Gold c e r t i f i c a t e - a c c o u n t Redemption fund f o r F . B. n o t e s Total gold c e r t i f i c a t e r e s e r v e s Cash Discounts and advances Acceptances: Bought o u t f i g h t U. S. Government s e c u r i t i e s : Bought o u t r i g h t — Bills Certificates Notes Bonds Total bought o u t r i g h t Held under repurchase agreement Total U. S. Government s e c u r i t i e s 16,056 1,037 17,093 (405) - - 1 2 3 Ik k 45 -2,092 + 89 -2,003 + - 30 387 + l4 2,284 5,277 16,422 2,771 26,754 55 26,809 339 121 + 39 + 51 370 + 52 318 + 956 -3,230 +3,412 + 287 +1,425 70 +1,355 26,971 - 322 + 982 + 264 + (1,361) 4,412 109 255 49,271 - 23 52 - 146 + 6 4% -1,178 (405) 27,136 + 31 + 104 298 180 115 39 272 -1,256 + 129 64 + 1 -1,190 Total loans and s e c u r i t i e s Cash items in process of c o l l e c t i o n Bank premises Other a s s e t s TOTAL ASSETS L I A B I L I T I E S Federal Reserve n o t e s ~ Deposits: Member t a n k r e s e r v e s U. S. T r e a s u r e r - - g e n e r a l account Foreign Other Total d e p o s i t s 431 117 Change since April 13, A p r i l 5, 1961 (956) 16,425 402 173 345 17,345 - + - + 229 - 161 3,464 Deferred a v a i l a b i l i t y cash items (956) + 1 31 5 Other l i a b i l i t i e s and accrued dividends 11 -1,252 47,976 TOTAL LIABILITIES (l,36l) CAPITAL ACCOUNTS Capital paid i n + 27 l 423 - + 42 Surplus 817 Other c a p i t a l accounts 40 + 5 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,361) 49,271 -1,178 52 Ratio of gold c e r t i f i c a t e r e s e r v e s t o deposit and F. R. note l i a b i l i t i e s combined (computed from f i g u r e s as shown on t h e f o l + .2# lowing pages—not consolidated) - 3-4# 38.1# Contingent l i a b i l i t y an acceptances purchased 10 f o r f o r e i g n correspondents 12 159 * Figures i n parentheses a r e t h e e l i m i n a t i o n s made i n t h e c o n s o l i d a t i n g process; see comparable f i g u r e s on combined b a s i s on following pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 12, 1961 (Acceptances and s e c u r i t i e s held under repurchase agreement a r e c l a s s i f i e d as maturing within 15 days i n accordance with maximum m a t u r i t y of t h e agreements.) U. S. Government s e c u r i t i e s Changes Discounts and during week Holdings Acceptances advances Within 15 days ~35 11 110 538-184 4,o4o 16 days t o 90 days 34 7 -219 91 days t o 1 year 10,795 + 77 Over 1 year t o 5 y e a r s 9,480 + 42 Over 5 years t o 10 y e a r s 1,809 Over 10 years 147 ^§15 Total 26,809 117 %5 H A.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 12, 1961 Total Boston New York Philadelphia Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In m i l l i o n s of doll Lars) ASSETS Gold c e r t i f i c a t e account Redemption fund f o r F . R. n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s Cleveland 16,056 1,037 17,093 698 61 759 4,036 241 4,277 901 63 964 1,377 89 1,466 985 85 1,070 802 60 862 2,700 183 2,883 644 45 689 343 26 369 714 48 762 637 32 669 2,219 104 2,323 F . R. n o t e s of o t h e r Banks Other cash 405 431 23 28 129 98 18 19 27 38 19 23 67 30 33 65 9 26 8 10 16 12 22 23 34 59 Discounts and advances Acceptances: Bought o u t r i g h t U. S. Government s e c u r i t i e s : Bought o u t r i g h t — Bills Certificates Notes Bonds Total Held under repurchase agreement 117 2 60 3 3 10 8 6 2 2 19 1 1 2,284 5,277 16,422 2,771 26,754 55 122 281 874 147 1,424 565 1,306 4,06l 685 6,617 55 131 305 949 160 1,545 194 446 1,393 235 2,268 145 334 1,039 175 1,693 126 290 903 152 1,471 390 902 2,806 473 4,571 92 212 661 112 1,077 53 124 384 65 626 99 230 716 121 1,166 93 214 667 113 1,087 274 633 1,969 333 3,209 T o t a l U.S. Government s e c u r i t i e s 26,809 1,424 6,672 1,545 2,268 1,693 1,471 4,571 1,077 626 1,166 1,087 3,209 T o t a l l o a n s and s e c u r i t i e s 26,971 1,426 6,777 1,548 2,271 1,703 1,479 4,577 1,079 628 1,185 1,088 3,210 5,368 109 255 386 4 13 1,076 9 62 341 4 15 425 8 23 390 6 17 438 12 15 865 23 42 237 7 10 156 5 6 270 5 12 223 14 10 561 12 30 50,632 2,639 12,428 2,909 4,258 3,228 2,903 8,488 2,057 1,182 2,262 2,049 6,229 Cash items i n process of collection Bank premises Other a s s e t s TOTAL ASSETS 45 45 H.4.1(c) STftTEMEICTOF';^ OF BA.€g-FEBBRftL RESERVE BARK ON AHgL-12,,.1961., St. Louis Minneapolis Kansas City Dallas San Francisco 5,142 1,187 591 1,137 811 2,715 835 37 9 1 002 2,359 36 24 1 2,420 591 33 6 1 631 4 * 423 818 27 7 1 853 929 30 10 1 970 2,729 63 21 38 2,SSI 319 380 738 195 137 216 194 491 3 4,139 2 3,169 2 2,832 4 8,304 1 2,014 1 1,152 1 2,207 1 1,976 4 6,061 24 48 2 39 75 5 19 37 3 4 60 116 8 l4 27 2 10 19 1 18 35 2 24 47 2 55 100 13 12,428 2,909 4,258 3,228 2,?03 .8,488 2,<97 1,182 2,262 2,049 6,229 2/45 9 15 7 9 %2 5 4 7 9 19 FEDERAL RESERVE AGENTS' ACCOUNTS 2,187 5,263 1,867 2,633 1,637 6,739 1,221 664 1,170 85? 2,047 180 275 1,000 510 300 19 900 625 2,100 690 1,219 900 3,100 Total Boston New York Philadelphia F e d e r a l Reserve n o t e s Deposits: Member bank r e s e r v e s U.S. T r e a s u r e r - g e n e r a l account Foreign Other Total deposits 27,541 1,585 6,383 1,811 2,490 2,121 1,568 16,425 402 173 345 17,345 584 30 9 * 623 4,551 48 1/49 ~ 295 4,943 712 20 10 2 744 1,233 28 16 1 1,27b 689 26 8 4 727 Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends TOTAL LIABILITIES 4,420 367 737 278 368 31 49,337 2 2,577 8 12,071 2 2,635 423 817 55 20 4o 2 117 229 11 50,632 2,639 159 8 L I A B I L I T I E S Cleve- RichA t l a n t a Chicago mond land ( I n m i l l i o n s of dol]Lars J CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent l i a b i l i t y on a c c e p t ances purchased f o r f o r e i g n correspondents F . R. n o t e s o u t s t a n d i n g C o l l a t e r a l f o r F . R. n o t e s : Gold c e r t i f i c a t e a c c t . E l i g i b l e paper U. S . Government s e c u r i t i e s 28,722 1,637 8,975 22 21,210 475 2,000 1,275 5,100 s 870 670 475 1,700 1,880 1,560 1,200 3,800 380 1 935 2,230 7,100 2,750 30,207 1,750 1,977 l / A f t e r deducting $124 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r deducting .ftnli. m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 1,675 5,500 1,316 Total c o l l a t e r a l 650 2 1,325 * Less than $500,000.
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