The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE Factors A f f e c t i n g Bank R e s e r v e s and Condition S t a t e m e n t of F. R. B a n k s H.4.1 For immediate release December l4, 1961 The average of daily figures of total member bank reserves held during the week ended December 13 increased a net of $1 million to $19,766 million. Estimated currency and coin of member "banks increased $177 million and their reserve balances at the Federal Reserve Banks decreased $176 million. Estimated required reserves decreased $48 million; and estimated excess reserves increased $49 million to $593 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $553 million, compared with the revised figure of $509 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were increases of $360 million in currency in circulation and $31 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $60 million in U. S. Government securities bought outright and $84 million in Federal Reserve float, and decreases of $4l million in Treasury deposits with Federal Reserve Banks and $30 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $149 million. As of Wednesday, December 13, holdings of U. S. Government securities bought outright were $l44 million lower than a week earlier and member bank borrowing, were $l4 million higher. Outright holdings of bills decreased $205 million; certificates, notes, and bonds increased $7 million, $39 million, and $15 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought outright--System account Held under repurchase agreement Acceptances--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 Currency and coin (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) *December 6 figures revised. Averages of daily figures Week ended Change from week ended Wednesday, Dec,- 14, Dec. 13, Dec. 6, Dec. 13, I960 1961 1961 1961 (In millions of dollars) 29,334 + 60 — «- — — 43 • 4o + +1,953 — — 2 - 6 1, 363 30,780 16,961 5,59/0 • 53,3# . + 5* - 1 + 84* +149 - 14 + l +136 30 6 + 91 +2,002 -1,122 + 195 +1,075 33,9301 ' 423 46o 247 228 1,131 36, W f e • +360 + 4 - 4l + 31 - 30 - 12 +313 + + 16,906 2,860 19,766 19,173 593 -176 +177 + 1 - 48 + 49 mm wm 29, 259 - _ - + - + + + + + + - 43 49 mm mm 1,603 30,954 16,925 5, 592 53,471 900 13 62 10 452 94 504 34, 020 433 587 243 188 1,083 36,554 572 262 834 951 117 16,917 3,239 20,156 19, 336 820 On December 13, 196l, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,916 million, an increase of $122 million for the week and an increase of $89 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Dec. 13, 1961 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves * Cash Discounts and advances Acceptances—bought outright J. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities (338) Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS 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 CAPITAL ACCOUNTS Capital paid In Surplus Other capital accounts W4-AJ.WW.UV, J . C O C X V C O U V U C ^ I U D , Change since Dec/ 6, Dec. 14, 1961 I960 15,495 1,158 16,653 + - 54 305 49 43 + + 28 14 l 78 2k -1,145 + 124 -1,021 - 11 42 5 3,730 1,699 19,984 3»846 29,259 205 7 + 39 + 15 — iM + 663 -7,460 +7,452 +1,251 +1,906 29,259 - ikb +1,906 29,351 - 129 +1,859 + 757 + (929 ) 5,370 110 217 (1,267) 52,006 + 20 + 566 + 225 + 3 + 25 +1,080 (338) 28,894 + 205 + 726 16,917 587 243 188 17,935 + 11 + 207 + 5 82 + i4i + 291 - 21 + 31 - 484 - 183 (929) 3,767 77 (1,267) 50,673 + 266 4 + 608 + 424 + 32 + 999 4 + 32 + 42 + 7 +1,080 439 817 77 (1,267) 52,006 .t + 46 + 566 ~ and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) • 35-3# - 2.6# Contingent liability on acceptances purchase d for foreign correspondents 2 - 120 + * 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. DECEMBER 13, 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 ~ W ~ 6 - 4 374 16 days to 90 days 37 6,770 51 91 days to 1 year 10,509 -115 Over 1 year to 5 years 9,113 + 22 Over 5 years to 10 years 2,227 + 4 Over 10 years 266 Total 59 55 29,259 -144 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 13, 19^ New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas York delphia land mond Louis apolis City ( m millions of dolJiars) 15,495 1,158 16,653 697 65 762 3,768 279 4,047 881 72 953 1,281 100 1,381 1,120 96 1,216 867 71 938 2,448 212 2,660 694 48 742 329 27 356 672 46 718 598 34 632 2,140 108 2,248 338 305 17 18 102 58 15 14 10 22 20 16 47 28 25 55 8 17 10 8 16 9 22 12 46 48 49 12 5 4 1 2 2 13 1 8 * ASSETS 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 43 — - - 198 90 i,o64 205 1,557 923 420 4,942 951 7,236 216 98 1,154 222 1,690 316 144 1,695 326 2,481 236 108 1,265 243 1,852 205 94 1,099 211 1,609 637 290 3,415 657 4,999 % 806 155 1,181 80 36 428 83 627 Total U. S. Government securities 29,259 1,^7 7,236, 1,690 2,481 1,852 1,609 4,999 1,181 Total loans and securities 29,351 1,569 7,284 1,694 2,482 1,854 1,611 5,012 6,299 110 217 439 4 12 1,201 9 53 392 4 12 489 8 20 467 6 14 480 13 13 2,821 12,754 3,084 4,412 3,593 3,130 TCTAL ASSETS 53,273 1 43 3,730 1,699 19,984 3,846 29,259 Cash items in process of collection Bank premises Other assets San Francisco Total Boston 871 168 1,276 % 812 156 1,188 454 207 2,433 469 3,563 627 1,276 1,188 3,563 1,181 628 1,284 1,188 3,564 1,099 24 35 289 7 9 197 5 5 309 6 9 259 13 9 678 11 26 8,910 2,253 1,209 2,351 2,135 6,621 *Less than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 13, I96I LIABILITIES Federal Reserve notes Deposits: Member tank reserves U.S. Treasurer-general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES San Francisco Total Boston New Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas York delphia land mond Louis apolis City (In millions of dollars) 29, 232 1,708 6,699 1,889 2,635 2,366 1,705 5,356 1,269 580 1,195 868 2,962 16,917 587 243 188 17,935 634 49 12 * 695 4,541 81 1/69 136 4,827 735 60 14 1 810 1,211 39 22 1 1,273 759 50 11 3 823 908 39 13 1 961 2,492 63 34 2 2,591 668 30 8 * 706 4ll 29 6 * 446 828 4l 10 1 880 938 31 14 * 983 2,792 75 30 43 2,940 4,696 350 844 304 374 338 387 761 229 151 216 206 536 4 —J-7 51,940 2,757 .... 19 12, 389 4 3,007 7 4,289 5 3,532 4 3,057 13 8,721 3 2,207 2 1,179 3 2,294 3 2,060 10 6,448 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign c orrespondents jj . n. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 1 / A 'f*11" rf-v-la J3 #3.. ^ J- J: A* 1 r r I. 21 4o 3 121 229 15 25 48 4 40 75 8 20 37 4 24 44 5 62 116 11 15 27 4 10 19 1 19 35 3 25 47 3 57 100 16 53,273 2,821 12,754 3,084 4,412 3,593 3,130 8,910 2,253 1,209 2,351 2,135 6,621 6 2/33 7 11 5 6 16 4 1 5 7 662 1,225 921 3,111 325 8 950 1,283 275 1,000 675 950 2,200 3,200 439 817 77 117 30,494 1,760 7,079 1,958 8,425 495 12 22,875 1,325 31,312 1,820 1,600 570 4 1,500 2,074 5,600 7,200 FEDERAL RESERVE AGENTS' ACCOUNTS 2,776 2,441 1,767 5,480 1,314 870 755 475 1,500 400 160 1,950 2,820 1,705 2,460 1,400 1,875 4,100 5,600 960 1,360 510 670 * 1/ After deducting $174 million participations of other Federal Ttesprvp TtRnVn. 2/ After deducting $84 million participations of other Federal Reserve Banks. * ' Less than $500,000. ill
@FedFRASER