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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release June 29, 1961 MEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE B A M CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of total nenber bank reserves held during the week ended June 28 decreased a net of $195 nillion to $19,101 million. Cash allowed as reserves increased $72 million and nenber bank reserve balances at the Federal Reserve Banks decreased $267 nillion. Estinated required reserves decreased $226 nillion; and estinated excess reserves increased $31 nillion to $577 nillion. Excess reserves exceeded nenber bank borrowings at the Federal Reserve Banks by $496 nillion, conpared with the revised figure of $504 nillion the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $177 nillion in Federal Reserve float and $28 nillion in U. S. Government securities bought outright, and increases of $143 million in Treasury deposits with Federal Reserve Banks, $28 nillion in foreign deposits with Federal Reserve Banks, and $26 million in "other" deposits with Federal Reserve Banks. The principal offsetting changes were increases of $46 nillion in gold stock and $39 nillion in nenber bank borrowings, and a decrease of $45 million in currency in circulation. Total Reserve Bank credit decreased $167 nillion. As of bought outright securities held borrowings were Wednesday, June 28, 1961, holdings of U. S. Government securities were $71 nillion lower than a week earlier, U. S. Government under repurchase agreement were $20 million lower, and nenber bank $5 nillion higher. 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 advancesMember 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 Cash allowed as reserves (estinated) Total reserves held Required reserves (estimated) Excess reserves (estinated) Averages of daily figures Week ended C hange fron week ended Wednesday June 28, June 21, June 29, June 28, 1961 I960 1961 1961 U Cn nlllions of dollars) 688 3 7 26,774 + 39 + 1 -177 TI57 + 46 + 1 - 331 + 3 + 211 + 580 -1,792 + 78 -1,135 84 2 1,093 27,988 17,550 5,433 50,971 32,202 4o4 624 221 259 1,023 34,733 - 45 - 6 +143 + 28 + 26 + 2 + 32,268 410 649 200 318 1,022 34,867 16,553 2,548 19,101 18,524 577 -267 + 72 -1,454 +2,213 -226 + 31 + + 26,817 3 37 - 28 81 3 1,379 28,319 17,533 5,434 51,285 *»** - 1 %I2l +m + + + + - 335 2 119 28 + 320 + 156 52 668 91 35 16,105 2,828 10,933 18,550 383 On June 28, 1961, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,802 nillion, an increase of $167 nil Hon. for the week and an increase of $723 nillion fron the comparable date a year ago. H.4*l(a) consolidated STATES T OF CONDITION , RESERVE BANKS ' dollars) OF THE TWELVE FBDER (in millions: June 28, 1961 A S S E T S Gold certificate-account Redemption fund for F, R. notes Total gold certificate reserves 16; 198 1,043 17:241 - 71 26,774 - 71 20 91 26,895 - 88 mm — L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits -1,896 + 108 -1,788 + + 9 181 7 + 237 -2,007 +1,575 + 750 + 555 + 555 + 381 -1,204 + + + 14 -1,250 + 7 -1,193 (371) 27,310 53 + 239 455 -1,423 + 154 16,105 649 200 318 17,272 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES June 29, I960 4,441 111 252 (1,381) 49,315 (1,010) Cash items in process of collection Bank premises Other assets TOTAL ASSETS + 2, 4 21 1 5 2 375 86 35 2,455 6,500 14,585 3,234 26,774 Total loans and securities + + (371) Cash Discounts and advances Acceptances—bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Change since June 21, 1961 (1,010) 3,348 (1,381) 47,903 C A P I T A L A C C O U N T S Capitol-paid la" 424 Surplus 817 Other capital accounts 91 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,381) 49,315 + + + - 86 24 25 320 - 192 6 89 - 105 -1,463 -1,007 + 1 TTT273 33 + 5 -1,252 + + 24 + 42 7 -1,193 1 — + l4 Tggg Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shoim on the following pages—not consolidated) 38.4% +.3$ - 2.8% Contingent liability on acceptances purchased for foreign correspondents 156 -26 * Figures in parentheses are the eliminations made in the consolidating process; see comparable figures on combined basis on following pages. T r r "' MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 25, 1961 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and advances 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. g2 4 * m Acceptances 9 26 ' 35 U. S. Government securities Changes during week Holdings -g" 3cB~ -16 6,222 -14 7,710 10,240 2,135 159 "gsrm -91 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE B A M ON JUKE 28, 1961 Total Boston Netz York 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 agreenent RichAtlanta Chicago mond St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cleveland 16,198 1,043 17,241 769 64 833 4,169 242 4,411 939 65 1,004 1,326 89 1,415 1,019 86 1,105 778 62 840 2,843 184 3,027 633 44 677 323 26 349 665 47 712 594 32 626 2,140 102 2,242 371 375 16 21 120 73 19 16 19 37 21 19 52 28 25 64 10 19 14 9 18 13 16 21 4l 55 86 11 6 11 2 14 8 16 2 3 7 2 4 35 " 35 — - - - - - -- - - - - — — - - 2,455 6,500 14,585 3,234 26,774 131 346 776 172 1/525 607 l,6c8 3,607 800 6,622 142 375 843 187 175^7 208 551 1,237 274 2,270 155 4ll 923 205 1,694 135 357 802 178 1,472 419 1,111 2,492 553 4,575 99 262 587 130 1,075 57 152 34l 76 626 107 283 636 l4l 1,167 1C0 264 592 131 1,087 295 780 1,749 387 3,211 Total U. S. Government securities 26,774 1,425 6,622 1,547 2,270 1,694 1,472 4,575 1,078 626 1,167 1,087 3,211 Total loans and securities 26,895 1,436 6,663 1,558 2,272 1,708 1,480 4,591 1,080 629 1,174 1,089 3,215 5,451 111 252 417 4 13 1,103 9 62 337 4 14 439 8 22 361 6 16 383 13 15 8 59 24 43 257 7 10 159 5 5 262 6 11 245 14 11 629 11 30 50,696 2,740 12,441 2,952 4,212 3,236 2,811 8,633 2,060 1,170 2,196 2,022 6,223 Cash items in process of collection Bank premises Other assets TOTAL ASSETS h.4.i(c) ETPJsmsm OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 28, ]L96l Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago MinneSt. Louis apolis Kansas City Dallas San Francisco (In millions of dol]Lars) 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 27,681 1,618 6,369 1,826 2,488 2,149 1,584 5,129 1,185 587 1,150 829 2,767 16,105 626 32 10 4,586 94 1/51 "277 1,171 28 19 1 1,219 655 57 10 1 723 773 31 11 l 816 2,465 90 565 45 7 375 34 5 617 414 723 45 9 1 77b 852 5,008 694 54 12 1 761 40 12 1 905 2,620 99 25 34 2,770 Deferred availability cash itens Other liabilities and accrued dividends TOTAL LIABILITIES 4,358 386 685 286 379 299 335 720 211 137 210 211 499 53 49,364 3 2,675 14 12,076 3 2,876 4 4,090 3 3,174 3 2,738 9 8,443 2 2,015 1 1,139 2 2,l4o 3 1,948 6,050 424 21 40 4 117 229 39 75 60 8 19 37 6 23 44 19 24 48 4 6 116 14 14 27 4 10 19 2 18 35 3 24 47 3 55 100 18 50,696 2,740 12,441 2,952 4,212 3,236 2,811 8,633 2,060 &170 2,196 2,022 6,223 2/44 9 14 7 8 22 5 4 7 9 19 649 200 318 17,272 * 668 29 1 2,585 * * 6 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AH) CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 817 91 8 156 FEDERAL RESERVE AGENTS' ACCOUNTS F. R- notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U- S. Government securities Total collateral 28,934 1,657 6,786 1,888 2,622 2,216 1,652 5,242 1,233 669 1,184 889 2,896 8,975 20 21,235 475 2,000 650 870 670 475 1,700 180 1,000 - - 1,275 510 300 7 900 275 - - 625 2,100 30,230 1,750 690 1,207 900 3,100 " 5,100 11 1,325 1,880 7,100 1,986 2,750 — 1,585 1,200 3,800 380 2 935 2,255 1,675 5,500 1,317 JL/ After deducting $149 million participations of other Federal Reserve Banks. 2/ After deducting $112 million participations of other Federal Reserve Banks. - - -- -- * Less than $500,000.
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