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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release April 27, 1961 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of total member bank reserves held during the week ended April 26 increased a net of $26 million to $19,052 million; cash allowed as reserves increased $67 million and member bank reserve balances at the Federal Reserve Batiks decreased $4l million* Estimated required reserves increased $5 million; and estimated excess reserves increased $21 million to $709 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $672 million, compared with the revised figure of $644 million the week before. The principal changes reducing averelge reserve balances with Federal Reserve Banks were decreases of $212 million in Federal Reserve holdings of U. S« Government securities and $31 million in Federal Reserve float, and an increase of $22 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $173 million in currency in circulation and $50 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $254 million. As of Wednesday, April 26, holdings of U. S. Government securities bought outright were $208 million lower than a week earlier and member bank borrowings were $20 million lower. Outright holdings of bills, certificates, and notes decreased $73 million, $186 million, and $3 million, respectively, and bonds increased $54 million. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright—System account Held under repurchase agreement Acceptance s- -bought outright Discounts and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Cash allowed as reserves (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday, April 27, April 26, April 26, April 19, 1961 I960 1961 1961 (In millions of dollars) 26.389 ""44 37 5 1,279 27,755 17.390 5,417 50,562 31,807 4l4 374 194 298 , 963 34,050 16,511 2,541 19,052 18,343 709 945 77 14 26,228 487 + 5 + 126 + 527 -1,983 + 71 33 5 §68 27,277 17,390 5,418 50/585 226 3 179 31,765 415 501 232 -202 - 10 - 2 - 7 - 3 - 31 I25S + 3 -252 + + + 8 29 43 308 106 186 964 34,185 -1,572 15,900 T % o + 432 + 228 18,367 +2,232 On April 26, 1961, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,177 million, a decrease of $76 million for the week and mi increase of $1,359 million frcm the comparable date a year ago. 320 H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) April 26, 1961 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 16,059 l, 030 17,089 Change since April 19, April 27. I960 1961 4 7 3 -2,053 + 76 -1,977 8 22 1 + 33 - 507 + 13 73 186 3 54 208 + - At. Cash Discounts and advances Acceptances--bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (451) 447 38 43 1,974 5,001 16,4i8 2,835 26,228 + - 26,228 - 208 + 517 -3,506 +3,4C8 + 351 + 770 32 + 738 26,309 - 231 + 462 1 18 671 + l4l + 5 54 -1,608 131 + 451 145 20 55 341 -1,953 - 95 + 62 + 9 -1,977 212 2 686 + - + - - - (1,009) 4,538 108 289 (1,460) 48,780 (451) 26,908 15,900 501 232 308 16,941 (1,009) 3,570 37 (l,46o) 47,456 CAPITAL A C C O U N T S Capital paid in 423 Surplus 817 Other capital accounts 84 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,460) 48,780 - - - + - - - + + - - — — - - + - 15 671 244 201 109 6 -1,673 + + 26 42 3 -1,608 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 4 38.6% .4$ - 2.7% Contingent liability on acceptances purchased for foreign correspondents 1 153 - 15 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on following pages. - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 26, 1961 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Discounts and Changes advances Acceptances Holdings during week Within 15 days 31 15 522 +150 16 days to 90 days 7 28 3,635 -260 91 days to 1 year -— 10,489 -198 Orer 1 year to 5 years --9,578 + 63 Over 5 years to 10 years — -1,853 + 33 Over 10 years — — 151 + 4 \ Total 38 %3 26,228 -208 H A.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OF APRIL" *26, 1961 Total Boston New PhilaYork delphia Cleve- RichSt. MinneAtlanta Chicago land mond Louis apolis millions of dol]Lars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Acceptances: Bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement San Francisco Kansas Dallas City 16,059 1,030 17,089 793 60 853 3,962 239 4,201 1,025 451 25 29 38 3 Wj 43 1,088 1,369 89 1,458 1,003 84 1,087 826 58 884 133 101 21 19 32 38 24 25 73 32 4 2 2 2 168 424 1,392 240 2,224 S3 2,791 183 2,974 631 45 676 341 26 367 669 48 717 655 31 1,994 104 2,098 £ 11 26 11 10 16 12 23 23 44 66 1 7 3 2 10 1 1 125 317 1,039 179 1,660 108 275 903 156 1,442 337 855 2,805 485 4,482 80 201 661 114 1,056 46 117 384 67 614 86 218 716 123 1,143 80 203 667 115 1,065 237 599 1,969 340 3,145 686 43 488 1,237 4,060 1,974 5,001 16,4i8 2,835 26,228 105 266 874 151 1,396 6,486 114 289 948 164 1,515 Total U. S. Government securities 26,228 1,396 6,486 1,515 2,224 1,660 1,442 4,482 1,056 6l4 1,143 1,065 3,145 Total loans and securities 26,309 1,399 6,533 1,517 2,226 1,662 1,443 4,489 1,059 616 1,153 1,066 3,146 Cash items in process of collection Bank premises Other assets 5,547 108 289 409 4 15 1,076 9 72 342 4 17 444 8 25 383 6 18 443 12 17 851 230 7 11 152 5 6 313 5 13 304 14 12 600 11 35 TOTAL ASSETS ^ 50,240 2,734 12,125 3,008 4,231 3,205 2,904 8,489 2,020 1,167 2,229 2,128 6,000 > 7°} U H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAftK ON APRIL 26,1961 Total Boston Cleve- RichPhilaAtlanta Chicago land mond delphia New York St. Minne- Kansas City Louis apolis Dallas San Francisco (In millions of dollarsJ L I A B I L I T I E S Federal Reserve notes Deposits: Member hank reserves U.S. Treasurer-general account Foreign Other Total deposits 27,359 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 4,579 15,900 501 232 308 16,9^1 48,916 6,347 1,804 2,473 2,106 1,552 5,114 1,180 587 1,127 813 2,677 4,249 673 26 29 11 1/ 72 * " 259 4,609 710 791 36 13 1 841 1,205 18 21 * 1,244 667 43 10 3 723 851 27 12 1 891 2,364 61 31 2 2,458 578 20 8 * 606 389 24 5 1 419 757 33 9 1 800 917 64 13 l 995 2,459 120 27 39 2,645 795 285 390 313 387 722 188 130 245 244 501 2 9 2,670 11,760 2 2,932 3 4,110 2 3,144 2 2,832 6 8,300 2 1,976 1 1,137 1 2,173 2 2,054 5 5,828 39 75 7 19 37 5 23 44 5 60 116 13 14 27 3 10 19 18 229 19 24 48 4 1 35 3 24 47 3 55 100 17 12,125 3,008 4,231 3,205 2,904 8,489 2,020 1,167 2,229 2,128 6,000 i/ 43 9 14 8 21 1,579 379 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 423 817 84 20 50,24o 2,734 153 40 4 117 19 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding "IJ635 ^695 l%8Sl 2,627 2,181 Collateral for F. R. notes: 475 2,000 650 870 670 Gold certificate account Eligible paper U. S. Government securities 21.2.10 1.275 5,100 1,325 1,880 1,560 Total collateral 30,200 1,750 7,100 1,977 2,750 2,230 if After deducting $160 million participations of other Federal Reserve Banks, 2/ After deducting ftnn million participations of other Federal Reserve Banks. 1,627 5,251 1,226 ~Wi 1,162 860 2,833 475 1,700 380 1,200 1,675 3,800 180 •• 510 690 300 XQ 900 1,210 275 —— 625 900 1,000 — —' 2,100 3,100 5,500 3 231 1,318 * Less than $500,000.
@FedFRASER