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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 15, 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 June l4 increased a net of $44 million to $18,849 million. Cash allowed as reserves increased $72 million and member tank reserve balances at the Federal Reserve Banks decreased $28 million. Estimated required reserves decreased $40 million; and estimated excess reserves increased $84 million to $655 million. Excess reserves exceeded member hank borrowings at the Federal Reserve Banks by $584 million, compared with the revised figure of $509 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were a decrease of $115 million in Federal Reserve holdings of U.S. Government securities and an increase of $101 million in currency in circulation. The principal offsetting changes were increases of $108 million in Federal Reserve float and $39 million in gold stock, and decreases of $15 million in Treasury cash holdings and $28 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $2 million. As of Wednesday, June l4, holdings of U. S. Government securities bought outright were $334 million lower than a week earlier and member bank borrowings were $1 million lower. Outright holdings of bills, certificates, and notes decreased $303 million, $17 million, and $14 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright—System account Held under repurchase agreement Acceptances—bought outright Discounts and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency in circulation Treasury dash holdings Treasury deposits with F. R. Banks Foreign deposits with F. R. Banks Other deposits with F. R. Banks Other F. R. accounts (net) Member bank reserves: With Federal Reserve Banks Cash allowed as reserves (estimated) Total reserves held Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended Wednesday June 15, June 14, June 7, June 14, 1961 : I960 1961 1961 u Cn millions of dollars) + 9 37 71 4 1,118 28,177 17,449 5,433 51,060 + - 303 + 3 + 89 + 568 -1,902 + 80 -1,253 61 2 1,187 28,132 17,476 5,434 51,042 32,299 4l0 480 203 242 1,043 34,677 +101 - 15 + 7 + 5 + 3 - 28 + 73 + 323 5 10 3 - 123 + 42 + 223 32,271 417 565 202 241 1,007 34,70$ 16,382 2,467 18,849 18,194 655 + + + -1,477 +2,169 + 692 + 465 + 227 16,339 2,762 19,101 18,316 785 — — 38 9 *» «• +108 + 2 + 39 + 4 + 46 28 72 44 40 84 770 26,845 - 95 - 20 + 1 26,946 - - + On June 14, 1961, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,577 million, a decrease of $91 million for the week and an increase of $536 million from the comparable date a year ago. 5.4.1(a) CONSOLIDATED bl'/vXEMEtiT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) June 14, 1961 A S S E T S Gold certificate"account Redemption fund for F. R. notes Total gold certificate reserves 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 Change since June 15, June 7, 1961 16,126 1,048 17,175 + h6 + 2 48 378 63 37 + (344) 8 2 - 2,526 6,500 14,585 3,234 26,845 I960 -1,986 + 110 -1,876 + + 26 289 8 ~ 303 17 14 - 334 + 372 -2,007 +1,575 + 750 + 690 26,845 - 334 + 690 26,945 - 336 + 409 •1,070 + 3 + 16 809 + + 247 6 34 3 H + + — — Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS (1,107) 5,124 111 239 (1,451) 49,971 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 (344) 27,330 16,339 565 202 241 17,347 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,107) 3,937 54 (1,451) 48,668 C A P I T A L A C C O U N T S Capital paid in 423 Surplus 817 Other capital accounts 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,451) 49,971 - + • + + + + 4 20 145 25 5 95 -1,769 + 30 + 18 - 134 -1,875 752 5 - 126 + 8 -1,717 H055 mm mm - + 276 47 809 + 25 + 42 + 2 -1,648 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 38.I# — - 2.8# Contingent liability on acceptances purchased for foreign correspondents 157 3 25 * 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, JUNE l4, 1961 (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 * Less than $500,000. Discounts and advances gg 1 * - Acceptances 10 27 U. S. Government securities Changes during week Holdings TTo 266 6,270 -299 + 6 7,455 10,560 37 2,135 159 26,845 ^335 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 14, 1961 H.4.l(b) Total New York Boston Philadelphia 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 Atlanta Chicago Kansas City St. MinneLouis apolis San Francisco Dallas (In millions of dol3Lars) AS S ETC Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleve- Richland mond 16,126 1,048 17,174 76 829 i 4,121 245 4,366 930 63 993 1,292 88 1,380 987 88 1,075 799 62 861 2,843 186 3,029 619 44 663 342 26 368 717 48 765 636 31 667 2,075 103 2,178 344 378 14 22 120 78 15 17 16 35 20 19 49 31 23 62 8 18 10 7 17 12 14 20 38 57 63 7 12 4 1 7 4 19 1 3 4 1 * 37 37 2,526 6,500 14,585 3,234 26,845 135 346 776 172 1,429 624 1,608 3,607 ,800 6,639 146 375 843 187 1,551 214 551 1,237 274 2,276 160 4ll 923 205 1,699 139 357 802 178 1,476 431 1,111 2,492 553 4,587 102 262 587 130 1,081 59 152 341 76 628 110 283 636 141 1,170 103 264 592 131 1,090 303 780 1,749 387 3,219 T-otal U. S. Government securities 26,845 1,429 6,639 1,551 2,276 1,699 1,476 4,587 1,081 628 1,170 1,090 3,219 Total loans and securities 26,945 1,436 6,688 1,555 2,277 1,706 1,480 4,606 1,082 631 1,174 1,091 3,219 6,231 111 239 433 4 13 1,229 9 59 380 4 14 510 8 21 442 6 15 480 13 14 1,008 24 40 290 7 9 190 5 5 307 6 10 268 14 10 694 11 29 51,422 2,751 12,549 2,978 4,247 3,283 2,928 8,792 2,077 1,216 2,291 2,084 6,226 Cash items in process of collection •Bank premises Other assets TOTAL ASSETS * Less than $500,000. H.4.l(c) STATEMENT OF CONDITION 0? EACH FEDERAL RESERVE BANK OK JUNE 14, 1961 Nev Phila- Cleve- Rich- Atlanta Chicago St. Minne- Kansas Dallas Total Boston delphia land mond Louis apolis City York (in millions of dol]Lars) L I A B I L I T I E S San Francisco 6,369 1,824 2,486 2,139 1,582 5,132 1,191 591 1,155 831 2,773 627 4,677 63 33 l/6l 10 1 192 b71 X 9 9 3 714 33 11 1 759 1,162 32 18 * 1,212 644 62 9 2 717 821 33 10 1 865 2,495 85 28 1 2,609 568 25 7 1 601 397 31 5 * 433 776 48 8 1 833 896 37 11 1 945 2,562 83 24 4o 2,709 4l4 815 317 425 363 407 857 239 161 245 233 568 l4 54 3 50,119 2,689 12,191 3 2,903 4 4,127 4 3,223 3 2,657 9 8,607 2 2,033 l 1,186 3 2,236 2 2,011 6 6,056 24 48 3 39 75 6 19 37 4 23 44 4 60 116 9 14 27 3 10 19 1 18 35 2 24 47 2 55 100 15 51,422 2,_7.51 12,549 _2^78 4,247 3,283 &928 8,792 2,077 1,216 2,291 2,084 6,226 15 7 8 22 5 4 7 9 19 2,220 1,633 5,243 1,235 673 1,187 874 2,901 670 2,000 650 870 475 8,975 4 9 21,235 1,275 5,100 1,325 1,880 1,585 30,219 1,750 7,100 1,979 2,750 2,255 J-/ After deducting $l4l million participations of other Federal Reserve Banks, 2.j After deducting $113 million participations of other Federal Reserve Banks. 475 1,700 380 1 935 1,316 180 300 4 900 1,204 275 1,000 625 900 2,100 3,100 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 27,674 1,601 16,339 565 202 24.1 17,347 5,044 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND --CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 423 817 63 20 40 2 8 157 117 229 12 2/ 44 9 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 28,937 1,648 - - 6,822 — — 1,880 2,621 - - - - 1,200 1,675 3,800 5,500 - - 510 690 • - * Less than $500,000.
@FedFRASER