The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release April 7, I960 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 6 decreased $3 million to $17,890 million, which reflected in part an increase of $50 million in member bank reserve balances at the Federal Reserve Banks. Estimated required reserves decreased $59 million; and estimated excess reserves increased $56 million to $4l4 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $290 million, compared with the revised figure of $244 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $102 million in member bank borrowings, $45 million in Federal Reserve holdings of U. S. Government securities, and $25 million in "other" leans, discounts, and advances, and a decrease of $40 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $119 million in currency in circulation, $30 million in Treasury deposits with Federal Reserve Banks, and $29 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $172 million. As of Wednesday, April 6, U. S. Government securities held under repurchase agreement were $55 million higher than a week earlier and member bank borrowings were $90 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright—System account Held under repurchase agreement Ac ceptances--bought outright Loans, 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) Averages of daily figures Week ended Change from week ended Wednesday, April 6, March 30, I April 8, April 6, i960 I960 I960 1 1959 (In millions of dollars) 25,264 20 33 + 30 + 15 704 31 898 26,950 19,406 5,341 „ 51,698-- • +102 + 25 31,653-^ 424-5 509 163 356 942 34,04@-1 Member bank reserves: "With Federal Reserve Banks 17,650 Cash allowed as reserves (estimated) 240 Total reserves held 17,890 Required reserves (estimated) 17,476 Excess reserves (estimated) 4l4 - 220 - 218 + 2 25,264 57 32 + + +172 - 2 + 1 +172 32 13 l6 - 407 -1,036 + 91 -1,351 725 45 825 26,949 19,397 5,342-1 51,687 +119 - 15 + 30 - 4o + 29 - 3 +122 + + - 31,732-1 419 417 165 352 942 34,027 + + -1,061 + 240 - 821 - 826 + 5 - - - - 50 53 3 59 56 373 285 15 133 8 238 289 17,661 240 17,901 17,488 413 On April 6, i960, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $4,750 million, an increase of $13 million for the week and an increase of $1,084 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) A S SE T§ Gold certificate account Redemption fund for Ft R. noted Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptance s —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 Due from foreign banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since April 8, March 30, I960 1959 April 6, I960 18,158,643 950,572 19,109,215 423,292 436,469 769,857 + ~ - - •» «• 31,702 1,263,417 8,506,993 13,010,298 2,483,771 25,264,479 57,000 25,321,479 26,123,038 15 4,984,467 102,591 282,767 51,461,854 1 3,421 3,420 60, 560 + 23,662 + 64,748 - - - - 1 + 228,583 -10,142,733 +10,142,733 - - - - - — - •* — - — - + + 55,000 55,000 - - 228, 583 175,900 404,483 408,190 9/747 - - + + • 163,051 111 20,635 239,694 + + + - 283,517 7,608 105,615 711,673 78,437 + 380,660 LIABILITIES 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 27,380,827 + 17,660,645 417,178 165,391 351,525 18,594,739 4,159,005 34,868 50,169,439 55,532 93,808 57,521 + 35,862 170,999 165,033 793 258,388 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 395,757 774,808 121,850 51,461,854 + 41.6# + 159,007 + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 781,248 33,543 747,705 12,192 35,290 5,424 5 1,722 - 417 1,06l,66l 19,945 122,240 + 7,814 1,156,142 + 188,528 5,551 581,403 - + - + - + - 18,277 239,694 .1i 12,447 - - + - 20,764 93,602 57,432 711,673 .9% 98,721 360 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 6, I960 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Discounts and advances 717,248 52,561 48 ---769,857 Acceptances 9,877 21,825 --— — 31,702 U. S. Government securities 252,950 790,017 14,284,443 8,544,212 1,178,574 271,283 25,321,479 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH APRIL 6, i960 St. Phila- CleveBoston New York delphia land Richmond Atlanta Chicago Louis (In thousands of dollars! H.4.1(b) Total Minneapolis San Dallas Francisco Kansas City ASSETS Gold certificate account 18,158,643 870,532 5,013,705 1065,094 1664,771 1054,201 883,541 2949,802 693,853 331,976 687,006 623,769 2320,393 Redemption fund for 205,443 58,009 84,898 75,829 61,858 179,102 45,370 22,681 44,444 32,473 82,609 950, 572 57,856 F. R. notes Total gold certificate 19,109,215 928,388 5,219,148 1123,103 1749,669 1130,030 945,399 3128,904 739,223 354,657 731,U50 656,242 2403,002 reserves 9,658 17,647 26,273 41,623 F.R. notes of other Banks Other cash 423,292 436,469 24,008 27,978 113,332 76,642 18,310 22,527 25,180 36,676 26,682 26,173 84,840 36,290 23,726 79,169 12,013 24,711 12,089 15,460 18,139 60,615 Discounts and advances Acceptances: Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 769,857 45,539 84,300 30,940 54,265 49,211 56,506 252,867 18,205 53,285 77,655 22,699 24,385 Total U. S. Govt, sees. 31,702 31,702 315,128 72,338 108,549 79,968 69,267 216,245 51,064 1,263,417 67,896 8,506,993 457,166 2,121,916 487,076 730,895 538,450 466,447 1456,040 343,827 13,010,298 699,173 3,245,185 744,918 1117,806 823,487 713,368 2226,816 525,837 213! 398 157! 210 136,188 425,117 100,386 619,532 ...142I211 2,483,771 133,478 Jr ^ A' ' • A. I ^ ft V V t. 1357/713 6,301! 761 1446' 543 2170,648 1599,115 13«5,270 4324,210 1021,114 25,264,479 R t 29,333 54,227 50,915 148,487 197,405 365,129 342,832 999,810 301,904 558,415 524,315 1529,074 57,636 106,606IAI 100,096 291,913 ^ 1 AU». U TCQ oo/CfS n Q h 586,278 1004,377 1018,150 2969,204 57,000 57,000 25,321,479 1357,713 6,358,761 1446,543 2170,648 1599,115 1385,270 4324,218 1021,114 586,278 1084,377 1018,158 2969,284 Total loans & securities 26,123,038 1403,252 6,474,763 1477,483 2224,913 1648,326 1441,776 4577,085 1039,319 639,563 1162,032 1040,857 2993,669 Due from foreign "banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS 15 1 4,984,467 356,847 4,224 102,591 15,002 282,767 1/4 1 1 1 1 2 2 / 2 / 1 1 2 976,827 308,875 399,504 377,889 411,257 763,707 210,140 137,703 234,837 270,989 535,892 9,742 3,969 9,112 6,522 10,200 17,693 6,923 4,986 4,580 12,650 11,990 69,783 16,093 24,807 17,911 16,167 47,536 11,287 6,494 12,960 11,485 33,242 51,461,854 2759,700 12,940,241 2970,361 4469,862 3233,53% 2945,930 8637,822 2043,616 1165,150 2178,967 2036,636 6080,035 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. H.4.lfc) Total STATEMENT OF CONDIT][ON OF EACH FEDERA]L RESERVE BANK ON APRIL 6, ]I960 St. Phila- CleveBoston New York delphia land Richmond Atlanta Chicago Louis Minneapolis Kansas City San Dallas Francisco LIABILITIES Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen.acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 27,380,827 1570,501 6,413,313 1763,103 2502,549 2050,359 1542,875 5178,460 1195,496 602,219 1096,350 779,523 2686,079 17,660,645 760,176 5,043,608 832,735 1456,086 753,883 940,773 2532,225 606,227 387,799 801,297 902,805 2643,031 77,568 30,840 26,140 29,463 26,055 54,107 24,807 20,597 28,851 27,165 41,207 417,178 30,378 3,634 6,478 9,164 19,434 7,742 1/52,421 9,322 14,852 7,110 8,216 21,804 5,214 165,391 417 1,301 1,348 50,107 341 "288,078 1,274 1,568 4,384 1,259 1,117 331_ 351,525 412,447 037,927 940,402 2753,779 798,637 5,461,675 074,171 1490,646 794,040 976,303 2609,253 <>36,579 18,594,739 4,159,005 324,121 691,163 255,534 346,278 326,274 357,026 660,907 166,415 119,532 189,169 242,679 479,907 1,849 8,838 1,903 3,551 1,886 1,732 6,038 1,216 1,196 1,332 1,471 3,856 34,868 50,169,439 2695,108 12,574,989 2894,711 4351,024 3173,359 2877,936 8454,658 1999,706 1135,394 2124,778 1964,155 5923,621 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents 121,850 19,509 38,332 6,751 112,981 220,905 31,366 §;§38 6,793 36,590 72,530 9,718 17,660 34,566 7,949 20,813 54,724 40,306 107,334 6,875 21,106 13,295 25,862 4,753 9,171 17,580 3,005 16,637 31,720 5,832 22,938 44,645 4,898 48,220 95,39p 12,804 51,461,854 2759,700 12,940,241 2970,361 4469,862 3233,534 2945,930 8637,822 2043,616 1165,150 2178,967 2036,636 6080,035 159,007 7,791 2/45,322 9,381 14,946 7,155 8,268 21,942 5,247 3,657 6,519 9,222 19,557 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 28,388,452 1643,994 6,745,344 1812,846 2563,930 2106,922 1607,470 5284,879 1238,731 609,498 1121,298 Collat. for F. R. notes: Gold certificate acct. 10,585,000 530,000 2,900,000 700,000 920,000 675,000 500,000 1900,000 430,000 180,000 300,000 75,675 -— —— 28,285 ---16,720 Eligible paper 120,680 450,000 870,000 1250,000 4,000,000 1200,000 1750,000 1465,000 1200,000 3700,000 935,000 U. S. Govt, securities 19,245,000 Total collateral 29,950,680 1780,000 6,900,000 1928,285 2670,000 2l40,000 1700,000 5600,000 1381,720 630,000 1245,675 1/ After deducting $112,970,000 participations of other Federal Reserve Banks. 2/ After deducting $113,685,000 participations of other Federal Reserve Banks; 826,120 2827,420 250,000 1300,000 625,000 1800,000 875,000 3100,000
@FedFRASER