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t H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June l6, i960 MEEKLY 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 15 increased a net of $4 million to $18,157 million; cash allowed as reserves increased $42 million and member bank reserve balances at the Federal Reserve Banks decreased $38 million. Estimated required reserves increased $33 million; and estimated excess reserves decreased $29 million to $432 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $58 million, compared with the revised figure of $6l million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were increases of $59 million in currency in circulation arid $45 million in Treasury deposits with Federal Reserve Banks, and a decrease of $26 million in member bank borrowings. The principal offsetting changes were increases of $42 million in Federal Reserve holdings of U. S. Government securities and $18 million in Federal Reserve float, and a decrease of $33 million in "other" F. R. accounts (net). Total Reserve Bank credit increased $34 million. As of Wednesday, June 15, holdings of U. S. Government securities bought outright were $7 million lower than a week earlier and member bank borrowings were $204 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 Acceptance s--bought outright Loans, discounts, and advances— Member bank borrowings ' Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Week ended Change from week ended June 8, I June 17, June 15, I960 I960 1959 (In millions of dollars) + 58 - 16 - 1 + 374 1 1,029 27,609 19,351 5,353 52,313 + + + + + 26 1 18 34 1 3 36 - 31,976 415 206 365 1,001 34,4$4 + + + + + 59 9 45 7 4 33 7k Member bank reserves: With Federal Reserve Banks 17,859 Cash allowed as reserves (estimated) 298 Total reserves held 18,157 Required reserves (estimated) 17,725 Excess reserves (estimated) 432 + + + - 38 42 4 33 29 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) 26,176 — 29 490 + 232 -- 2 602 16 - - - 385 - 785 + 73 -1,096 + + - + W - + - - 100 300 54 53 4 225 419 678 298 380 356 24 Wednesday, June 15, I960 26,155 - "" 29 352 -1,308 27,845 19,351 5,354 52,550 31,937 421 535 184 ' 375 970 34,422 18,128 298 18,426 17,825 601 On June 15, i960, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,04l million, an increase of $117 million for the week and an increase of $1,l4? million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since June 8, June 17, I960 1959 June 15, I960 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances- -bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total "bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 18,111,643 938,353 19,049,996 349,812 352,106 352,478 - + - + + - 3,001 502 2,499 5,605 1,176 203,840 - — 26,536,573 15 6,763,097 104,669 205,006 53,361,274 27,404,265 - • - 523,251 24,325 498,926 30,322 60 779,001 1 2,470 + 210,767 -10,142,733 +10,142,733 - - 6,500 - + 6,500 210,767 210,340 565,765 - • «• w - +1,730,426 + 472 866 +1, 523,974 + + 2,8l4 + - + + 398,589 774,808 61,045 53,361,274 + +1-, 523,974 40.9% .2$ 247,985 55,427 22,787 + 27,574 + 308,199 +1,281,839 344 +1,586,880 - 345 - - - + + — — 63,251 9,529 — — 354,386 8,608 44,563 1,335,644 51,475 740,864 156,419 93,768 74,249 752,462 421,369 + 6,300 1,116,056 - - - + - - 210,767 — - - 18,127,848 534,871 184,062 375,445 19,222,226 5,454,748 45,593 52,126,832 181,694 - - 6,500 - -- 26,155,229 - + + 28,866 2,154,167 8,506,993 13,010,298 2,483,771 2^155,229 - + • - - + - 19,601 93,602 145,587 1,335,644 .4# 101,667 360 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 15, 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 344,134 " 8,268 76 — — -352,478 Acceptances 9,590 19,276 — -— -28,866 U. S. Government securities 385,296 6,648,750 11,984,679 5,686,647 1,178,574 271,283 26,155,229 STATEMENT OF C0NDIT]CON OF EACH FEDERAL RESERVE BANK ON JRJNE 15, I960 CleveSt. PhilaBoston New York Richmond Atlanta Chicago Louis delphia land (In thousands H.4.1(h) Total A?"S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 18,111, 643 807,174 5,021,812 1022,271 1620,754 1005,675 Kansas City San Francisco Dallas 696,000 377,278 720,498 631,867 2323,701 938,353 59,380 19,049,996 866,554 F.R. notes of other Banks Other cash 349,812 352,106 19,100 23,068 97,496 70,585 22,941 15,145 18,967 32,265 17,350 20,181 63,301 31,743 21,367 60,706 10,730 18,306 5,457 8,122 19,321 13,752 15,848 13,230 35,103 47,834 Discounts and advances Acceptances: Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 352,478 13,307 12,795 18,465 18,190 11,595 17,625 167,020 5,511 17,537 35,744 21,039 13,650 115,765 537,318 123,339 185,080 457,166 2,121,916 487,076 730,895 13,010,298 699,173 3,245,185 744,918 1117,806 2,483,771 133,478 619,532 142,211 213,398 26,155,229 1405'502 6,523/951 1497! 544 2247'179 136,348 538,450 823,487 92,458 86,813 253,175 198,488 57,569 83,605 841,108 3043,505 Minneapolis 78,675 59,485 176,429 44,632 23,143 43,838 31,976 81,133 5,220,300 1079,840 1704,359 1084,350 900,593 3219,934 740,632 400,421 764,336 663,843 2404,834 28,866 28,866 2,154,167 8,506,993 118,114 368,704 466,447 1456,040 713,368 2226,816 157,210 136,188 425,117 1655^ 495 1434] 117 4476^677 87,066 343,827 525,837 100,386 1057,'lib 49,987 197,405 301,904 365,129 342,832 999,810 558,415 524,315 1529,074 57,636 106,606 100,096 291,913 606/932 1122^608 1054^056 3073/972 606,932 1122,608 1054,056 3073,972 Total U. S. Govt, sees. 26,155,229 1405,582 Total loans & securities 26,536,573 1418,889 6,565,612 1516,009 2265,369 1667,090 1451,742 4643,697 1062,627 624,469 1158,352 1075,095 3087,622 Due from foreign banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS 6,523,951 1497,544 2247,179 1655,495 1434,117 4476,677 1057,116 1 1/4 1 1 1 454,246 4,155 205,006 10,803 1,325,943 404,719 604,935 540,970 17,792 13,036 15 6,763,097 104,669 9,668 50,362 3,923 11,623 9,023 6,431 1 2 (2) (2) 1 1 2 534,032 1154,832 300,516 186,085 327,366 295,163 634,290 10,529 19,648 6,856 4,964 4,552 13,036 11,884 11,925 34,160 8,167 4,750 9,682 8,532 24,174 53,361,274 2796,816 13,339,970 3054,201 4652,711 3349,409 3003,866 9154,346 2147,834 1234,268 2297,362 2084,748 6245,743 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2f Less than $500. H.4.1(c) Total STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 15, i960 St. , , I Phila- CleveRichmond Atlanta Chicago New York | d e l p h i a Boston Louis land Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Kansas City Dallas San Francisco (In thousands of dollars) LIABILITIES Federal Reserve notes Deposits: Member bank reserves U.S.Trees.-gen.acct. Foreign Other Total deposits Minneapolis 27,404,265 1582,585 6,383,115 1783,182 2492,501 2035,887 1562,252 5183,371 1185,249 18,127,848 534,871 184,062 375,445 701,810 27,343 5,174,405 838,049 1477,901 751,515 877,974 2779,121 640,315 32,184 60,655 26,084 677 19,222,225 ' 738,846 "322,326 5,671 495 1,845 554 875,735 1530,953 2,018 833,481 1,345 892 921,071 2866,060 5,454,748 412,125 9,016 122,262 1/52,502 24,985 10,856 35,202 17,296 71,668 8,280 9,568 25,392 604,513 1108,609 784,206 2698,795 410,956 832,770 929,101 2713,931 26,731 33,692 30,765 43,300 6,072 4,232 7,544 10,672 22,632 525 228 1,510 719 42,806 672,996 442,147 975,516 971,257 2822,669 922,232 320,730 511,812 421,443 453,270 924,698 246,544 157,862 259,707 256,713 567,612 11,830 2,449 3,986 2,553 2,318 7,696 1,625 1,285 1,810 2,069 5,500 2 ,472 ,025 12,900,672 2952,096 4539,252 3293,364 2935,911 8901,025 2106,414 1205,007 2245,642 2014,245 6094,576 52,126,83^ 2736" 45,593 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 398,589 774,808 6.1,045 19,587 38,332 2,869 113,802 220,905 16,591 23,275 45,638 3,192 36,748 72,530 4,181 17,865 34,566 3,614 21,022 55,274 40,306 107,334 3,627 9,913 13,318 25,862 2,240 9,188 17,580 1,693 16,684 22,996 48,830 31,720 . 44,645 95,390 3,316 2,862 6,947 53,361,274 2796,816 13,339,970 3054,201 4652,711 3349,409 3003,866 9154,346 2147,834 1234,268 2297,362 2084,748 6245,743 Conting. liab. on acceptforeign correspondents 101,694 0,903 (fO JLU, fCU -L(,UOV v,-Lf 1 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 28,383,250 1635,485 6,648,099 1831,733 2566,333 2102,154 1626,330 5294,921 1236,140 Collat. for F. R. notes: Oold certificate acct. 10,565,000 530,000 2,900,000 700,000 920,000 675,000 500,000 1900,000 410,000 18,465 — — — — 5,511 Eligible paper 59,720 U. S. Govt, securities 19,145-000 1250.000 3,900.000 1200,000 1750,000 1465,000 1200,000 3700,000 935,000 Total collateral 29,769,720 1780,000' "6,SCO,000 1918,465 2670,000 2140,000 1700,000 5600,000 1350,511 1/ After deducting $131,5*60,000 participations of other Federal Reserve Banks 2/ After deducting $129,916,000 participations of other Federal Reserve Banks. 616,636 1139,408 829,990 2856,021 180,000 300,000 250,000 1300,000 — 35,744 450,000 870,000 625,000 1800,000 630,000 1205,744 575,000 3100,000
@FedFRASER