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******** FEDERAL RESERVE F a c t o r s A f f e c t i n g Bank R e s e r v e s a n d C o i d i t i o a S t a t e m e n t of F . R . B o n k s H.4.1 For lmmedlate r e l e a s e August 24, 1961 The a v e r a g e 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 h e l d d u r i n g t h e week ended August 23 i n c r e a s e d $23 m i l l i o n t o $19,220 m i l l i o n , which i n c l u d e d an i n c r e a s e of $15 m i l l i o n i n member bank r e s e r v e b a l a n c e s a t t h e F e d e r a l Reserve Banks. E s t i m a t e d r e q u i r e d r e s e r v e s i n c r e a s e d $5 m i l l i o n ; and e s t i m a t e d e x c e s s r e s e r v e s i n c r e a s e d $18 m i l l i o n t o $622 m i l l i o n . E x c e s s r e s e r v e s exceeded member bank b o r r o w i n g s a t t h e F e d e r a l Reserve Banks by $585 m i l l i o n , compared w i t h t h e r e v i s e d f i g u r e of $542 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 s u p p l y i n g a v e r a g e r e s e r v e b a l a n c e s w i t h F e d e r a l Reserve Banks were an i n c r e a s e of $301 m i l l i o n i n F e d e r a l R e s e r v e f l o a t and a d e c r e a s e of $70 m i l l i o n i n c u r r e n c y i n c i r c u l a t i o n . The p r i n c i p a l o f f s e t t i n g changes were d e c r e a s e s of $84 m i l l i o n i n U. S. Government s e c u r i t i e s bought o u t r i g h t and $190 m i l l i o n h e l d u n d e r r e p u r c h a s e agreement, and $25 m i l l i o n i n member bank b o r r o w i n g s , and an i n c r e a s e of $69 m i l l i o n i n " o t h e r " F . R. a c c o u n t s ( n e t ) . T o t a l Reserve Bank c r e d i t i n c r e a s e d $5 m i l l i o n . As of Wednesday^ August 23, h o l d i n g s of U. 8 . Government s e c u r i t i e s bought o u t r i g h t were $263 m i l l i o n lower t h a n a week e a r l i e r , U. S- Government s e c u r i t i e s h e l d u n d e r r e p u r c h a s e agreement were $132 m i l l i o n l o w e r , and member bank b o r r o w i n g s were $69 m i l l i o n l o w e r . O u t r i g h t h o l d i n g s of b i l l s , c e r t i f i c a t e s , n o t e s , and bonds d e c r e a s e d $138 m i l l i o n , $27 m i l l i o n , $69 m i l l i o n , and $29 m i l l i o n , respectively. 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 i t e m s Averages of d a i l y f i g u r e s Week ended Change from week ended Aug. 24, Aug. i S , Aug. 23, i960 1961 1961 ( I n m i l l i o n s of d o l l a r s ) Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s Bought o u t r i g h t - - S y s t e m account Held u n d e r r e p u r c h a s e agreement Acceptances-Bought o u t r i g h t Held under r e p u r c h a s e agreement D i s c o u n t s and a d v a n c e s — Member bank b o r r o w i n g s Other Float T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury currency outstanding 27,191 6 - 84 -190 + - 419 214 - 13 W&dnesday, Aug• 23, 1961 27,016 32 3^ — - ~ - - 37 2 1,4io 28,681 17,602 5,5^8 51,830 - 25 + 2 +301 + 5 + 1 + 3 + 8 - 156 + 2 + 396 + 436 -l,424 + 182 - 808 47 15 l , 066 28,176 17,602 5,552 51,330 Currency i n c i r c u l a t i o n Treasury cash h o l d i n g s T r e a s u r y d e p o s i t s w i t h F . R. Banks F o r e i g n d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F . R. a c c o u n t s ( n e t ) 32, 594 42^3 » 488 243 292 1,108 35,147 - 70 + + - + + + + + + 507 22 3 48 88 92 584 32,511 421 575 244 293 1,107 35,151 Member "bank r e s e r v e s : With F e d e r a l R e s e r v e Banks Cash a l l o w e d a s r e s e r v e s ( e s t i m a t e d ) Total reserves held Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d ) 16,682 2, 538 19, 220 18,598 622 + 15 + 8 + 23 + 5 + 1.8 -1,393 +2,209 + 816 + 660 + 156 16,178 2, 803 18, 981 18, 592 389 —— 10 14 IT 69 8 On August 23, 1961, U. S. Government s e c u r i t i e s h e l d i n c u s t o d y "by t h e F e d e r a l Reserve Banks f o r f o r e i g n account were $ 6 , 0 1 1 m i l l i o n , a d e c r e a s e of $159 m i l l i o n f o r t h e week and an i n c r e a s e of $626 m i l l i o n from t h e comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF TEE TWELVE FEDERAL RESERVE BANKS ( i n m i l l i o n s of d o l l a r s ) Aug. 23, 1961 A S S E T S Gold c e r t i f i c a t e a c c o u n t Redemption f u n d 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 Change s i n c e Aug. 24, Aug. 16, I960 1961 1,04? 17,338 + + 7 7 - 1,464 + 70 - 1,394 415 + - 19 54 6 176 16,291 * Cash D i s c o u n t s and a d v a n c e s Acceptances: Bought o u t r i g h t Held u n d e r r e p u r c h a s e agreement 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 T o t a l bought o u t r i g h t E e l d u n d e r r e p u r c h a s e agreement T o t a l U. S . Government s e c u r i t i e s (434) 62 32 3 - - 27,016 - 138 27 69 29 263 132 395 639 -12,324 +12,267 +1,015 + 319 66 + 253 27,110 - 449 + 74 -1,021 — — + + (l,444) 4,380 111 170 59752? + 12 - 1 , 432 - 590 5 19 750 (434) 27,532 - 116 + 388 16,178 575 244 293 17,290 + + + 6l6 51 15 4 546 - 1,458 + 56 + 16 90 - 1,476 - (1,444) 3,314 56 48,192 777 7 -1,446 + + - 258 15 815 C A P I T A L ACCOUNTS Capital paid in Surplus Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS(1,444) 430 817 , 85 49,524 + + + 28 42 5 750 2,057 1,683 19,777 3,499 27,016 T o t a l l o a n s and s e c u r i t i e s Cash i t e m s i n p r o c e s s of c o l l e c t i o n Bank p r e m i s e s Other a s s e t s TOTAL ASSETS L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member b 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 a c c o u n t Foreign Other Total deposits 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 a c c r u e d d i v i d e n d s TOTAL LIABILITIES (1,010) (1,010) 1 » — + 13 -1,432 - R a t i o of g o l d c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F . R. n o t e l i a b i l i t i e s combined (comp u t e d from f i g u r e s a s shown on t h e f o l + - 2 . 1i lowing p a g e s - - n o t c o n s o l i d a t e d ) 38 *3$ Contingent l i a b i l i t y on a c c e p t a n c e s p u r c h a s e d 4 59 for foreign correspondents 139 * F i g u r e s i n p a r e n t h e s e s 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 p r o c e s s j see comparable f i g u r e s on combined b a s i s on f o l l o w i n g p a g e s . MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 23, 19&1 ( A c c e p t a n c e s and s e c u r i t i e s h e l d u n d e r r e p u r c h a s e agreement a r e c l a s s i f i e d a s m a t u r i n g w i t h i n 15 days i n a c c o r d a n c e w i t h maximum m a t u r i t y of t h e a g r e e m e n t s . ) U. S . Government s e c u r i t i e s Changes D i s c o u n t s and d u r i n g week Holdings Acceptances advances -218 346 10 Within 15 d a y s 60 - 41 922 22 16 days t o 90 d a ys 2 jf -136 11,400 9 1 days t o 1 y e a r 11,896 Over 1 y e a r t o 5 y e a r s 2, 234 Over 5 y e a r s t o 10 y e a r s 218 Over 10 y e a r s -395 27,016 Total 52 32 * H.4.1(b) STATi^Hifl OF COitDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 23, 1961 Total Boston New York Philadelphia F. R. n o t e s of other Banks Other cash D i s c o u n t s 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 Richmond A t l a n t a Chicago St. Louis Minneapolis Kansas City Dallas ( i n m i l l i o n s of d o l l a r s ) A S S E T S 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 Total gold c e r t i f i c a t e reserves Cleveland l 6 , 291 17,338 793 62 855 3,990 237 4, 227 434 415 45 27 113 87 62 4 21 32 - - 32 910 64 97V San Francisco 1, 443 90 1,533 1,067 90 1,157 770 64 834 2,896 187 3,083 613 46 659 318 26 344 750 47 797 643 33 676 2,098 101 2,199 39 21 13 38 26 21 6l 37 27 63 11 20 21 10 19 11 16 21 43 59 4 6 2 3 10 1 2 3 4 2 - - — - - —- - - - - - - - - 2, 057 1,683 19,777 3,499 "27^016 109 90 1,053 186 1,438 509 416 4,891 865 6,681 119 97 1,142 202 1, 560 174 143 1,677 297 2,291 130 107 1, 252 221 1, 710 113 93 1,087 192 1,185 352 287 3,379 598 4,616 83 68 796 l4i 1,088 48 39 463 82 632 90 73 862 153 1,178 84 68 803 142 1,097 246 202 2,372 420 3,240 T o t a l U. 8 . Government s e c u r i t i e s 27,016 1,438 6,681 1, 560 2, 291 1, 710 1,485 4,616 1,088 632 1,178 1,097 3,240 T o t a l l o a n s and s e c u r i t i e s 27,110 1,442 6,734 1,564 2,297 1,712 1,488 4,626 1,089 634 1,181 1,101 3,242 5,390 111 170 386 4 9 1,056 9 40 336 4 10 412 8 17 391 6 10 4oi 13 10 821 24 28 216 7 6 165 5 4 283 6 8 242 14 7 681 11 21 50,968 2,768 12,266 2,948 4,318 3,323 2,844 8,672 2, 008 1,183 2,305 2,077 6,256 Cash items i n p r o c e s s of collection Bank premises Other a s s e t s TOTAL ASSETS H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 23, 1961 Total Boston New York Philadelphia Cleveland Richmond A t l a n t a Chicago Kansas City Minneapolis St. Louis San Francisco Dallas (In m i l l i o n s of d o l l a r s ) L I A B I L I T I E S 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 27,966 1,627 6,395 1,815 2, 524 2,204 1,602 5,202 1,197 582 1,163 845 2,810 16,178 575 244 293 17,290 670 22 12 1 705 4,346 96 1/63 250 4,755 721 42 15 679 46 12 2 739 781 31 13 1 826 2,459 81 35 1 2,576 562 22 8 396 29 6 * * 592 431 815 46 11 1 873 898 33 15 778 1,249 33 23 1 1,306 946 2,602 94 31 36 2,763 D e f e r r e d 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 4,324 368 739 275 359 316 340 695 173 138 210 208 503 56 49,636 3 2,703 13 11,902 3 2,871 6 4,195 3 3,262 3 2,771 9 8,482 2 1,964 2 1,153 3 2,249 2 2,001 7 6,083 430 817 85 21 4o 4 117 229 18 25 48 4 40 75 8 20 37 4 23 44 6 61 116 13 l4 27 3 10 19 1 18 35 3 25 47 4 56 100 17 50,968 2,768 12,266 2,948 4,318 3,323 2,844 8,672 2,008 1,183 2,305 2,077 6,256 139 7 2/39 8 13 6 7 20 5 3 6 8 17 1,249- 665 1,194 091 2,945 380 1 935 1,316 170 325 3 900 275 1,000 650 2,100 l , 228 925 3,100 * * 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 a n c e s purchased f o r f o r e i g n correspondents F. R. n o t e s outstanding 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 account E l i g i b l e paper U. S. Government s e c u r i t i e s Total c o l l a t e r a l 29,133 1,691 6,676 9,075 8 21, 360 495 2,000 1,275 30,443 1,770 - - FEDERAL RESERVE AGENTS' ACCOUNTS 2,662 5,32o 2,205 1,679 1,070 870 5,100 650 4 1,325 1,880 7,100 1,979 2,750 - " 735 475 - - - - 1,700 - - l , 585 l , 300 3,800 2,320 1,775 5,500 1 / A f t e r deducting $ l 8 l m i l l i o n p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / A f t e r deducting $100 m i l l i o n p a r t i c i p a t i o n s of other Federal Reserve Banks. " 510 680 * - - Less than $$00,000. - -
@FedFRASER