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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release March 30, 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 d a i l y f i g u r e s of t o t a l member hank r e s e r v e s h e l d during the week ended March 29 decreased a net of $146 m i l l i o n t o $18,8c8 m i l l i o n . Cash allowed as r e s e r v e s i n c r e a s e d $90 m i l l i o n and member hank r e s e r v e balances a t t h e Federal Reserve Banks decreased $236 m i l l i o n . Estimated r e q u i r e d r e s e r v e s decreased $249 m i l l i o n ; and estimated excess r e s e r v e s inc re ase d $103 m i l l i o n t o $611 m i l l i o n . Excess r e s e r v e s exceeded member bank borrowings a t t h e Federal Reserve Banks by $533 m i l l i o n , compared with the r e v i s e d f i g u r e of $456 m i l l i o n the week b e f o r e . The p r i n c i p a l changes reducing average r e s e r v e b a l a n c e s with Federal Reserve Banks were decreases of $256 m i l l i o n i n Federal Reserve f l o a t and $140 mil l i o n in U. S. Government s e c u r i t i e s bought o u t r i g h t . The p r i n c i p a l o f f s e t t i n g changes were an i n c r e a s e of $26 m i l l i o n in member bank borrowings and a decrease of $112 m i l l i o n in currency i n c i r c u l a t i o n . T o t a l Reserve Bank c r e d i t decreased $371 m i l l i o n . As of Wednesday, March 29, holdings of U. S. Government s e c u r i t i e s bought o u t r i g h t were $71 m i l l i o n l o v e r than a week e a r l i e r and member bank borrowings were $36 m i l l i o n h i g h e r . Outright holdings of b i l l s and c e r t i f i c a t e s decreased $8l m i l l i o n and $20 m i l l i o n , r e s p e c t i v e l y ; n o t e s and bonds increased $15 m i l l i o n e a c h . 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 items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s — Bought outright—System account Held under repurchase agreement Acceptances—bought o u t r i g h t Discounts and advances— Member bank borrowings Other Float T o t a l Reserve Bank c r e d i t Gold stock Treasury currency outstanding Currency i n c i r c u l a t i o n Treasury cash h o l d i n g s Treasury d e p o s i t s with F . R. Banks Foreign d e p o s i t s with F. R. Banks Other d e p o s i t s with F. R. Banks Other F. R. accounts ( n e t ) Member bank r e s e r v e s : With Federal Reserve Banks Cash allowed as r e s e r v e s ( e s t i m a t e d ) Total r e s e r v e s h e l d 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 ) Averages of d a i l y f i g u r e s Week ended Change from week ended March 30, March 22, March 29, i960 1961 1961 ( I n m i l l i o n s of d o l l a r s ) 26,724 48 -140 +1,490 26,688 + 4- 15 ""45 524 3 4106 +1,C85 -22, 019 + 68 - 106 8 755 27,602 17,389 5,409 50,400 241 13 18 15 43 87 391 31,818 437 489 268 365 1,031 34,408 15,992 2,738 18,730 18, 2C6 524 1 78 9 1,004 27,863 17,389 5,408 50,660 + 26 - 1 -256 -371 + 4 - 1 -367 31,775 426 497 218 370 1,032 3^,316 -112 + 8 - 9 - 20 - 3 -131 + 16,342 2,466 -236 + 90 -i46 -249 +103 -1,258 +2,172 + 9l4 + 664 + 250 18,197 611 Wednesday, March 29> 1961 + 5 + + - + + + On March 29, 1961, U. S. Government s e c u r i t i e s held i n custody by the Federal Reserve Banks f o r f o r e i g n account were $5,912 m i l l i o n , a decrease of $69 m i l l i o n f o r t h e week and an increase of $1,175 m i l l i o n from t h e comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS ( I n m i l l i o n s of d o l l a r s ) March 29, 1961 ASSETS Gold c e r t i f i c a t e account Redemption fund f o r F . R. n o t e s Total gold c e r t i f i c a t e r e s e r v e s Cash Discounts and advances Acceptances: Bought o u t r i g h t U. S. Government s e c u r i t i e s : Bought o u t r i g h t — Bills Certificates Notes Bonds T o t a l bought o u t r i g h t Held under repurchase agreement Total U. S. Government s e c u r i t i e s L I A B I L I T I E S Federal Reserve n o t e s Deposits: Member bank r e s e r v e s U. S. T r e a s u r e r — g e n e r a l account Foreign Other Total deposits - 10 2 8 -2,115 + 81 -2,034 + 17 35 - 1 721 + 13 16,044 1,035 17,079 + 459 114 (477) 45 - - 26,688 - 71 +1,064 -3,109 +3,291 + 178 +1,424 2 +1,422 26,847 - 36 + 3,905 109 212 (1,490) 48,611 - 807 + - 17 851 (477 ) 26,995 - 9 15,992 489 268 365 17,114 - 367 28 52 3 340 -1,724 22 + 45 + 49 -1,652 514 3 866 + 2,327 5,398 16,301 2,662 2 81 20 15 15 71 ~ ~ + + - - m «• T o t a l loans and s e c u r i t i e s Cash items i n p r o c e s s of c o l l e c t i o n Bank premises Other a s s e t s TOTAL ASSETS Change since March 30; March 22, i960 1961 (1,013) Deferred a v a i l a b i l i t y cash items (1,013) 3,150 Other l i a b i l i t i e s and accrued dividends 30 TOTAL LIABILITIES (1,490 ) 47,289 CAPITAL ACCOUNTS C a p i t a l paid i n 423 Surplus 817 82 Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,490) 48,611 - + + - - - .... + - 15 851 714 21 + 7 50 -1,385 + 176 47 5 -1,434 + 28 + 42 21 -1,385 Ratio of gold c e r t i f i c a t e r e s e r v e s t o deposit and F. R. note l i a b i l i t i e s combined (computed from f i g u r e s a s shown cn t h e f o l lowing pages--not c o n s o l i d a t e d ) 38•3$ + *3$ - 3*2# Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents 174 1 + 2 7 * Figures i n p a r e n t h e s e s are 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 ; see comparable f i g u r e s on combined b a s i s on following p a g e s . MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 29, 1961 (Acceptances and s e c u r i t i e s h e l d under repurchase agreement a r e c l a s s i f i e d a s maturing w i t h i n 15 days i n accordance with maximum m a t u r i t y of t h e agreements.) Within 15 days 16 days t o 90 days 91 days t o 1 year Over 1 year t o 5 y e a r s Over 5 y e a r s t o 10 y e a r s Over 10 years Total ** Less than $500,000. Discounts and advances 105 9 m Acceptances 31 55 U.S. Government s e c u r i t i e s Changes during week Holdings -95 W +79 4,158 -91 10,985 +27 9,656 + 9 1,383 139 2^W8 -71 H.4.1(b) STATEMENT OF CONDITION OP EACH FEDERAL RESERVE BANK ON MARCH 29, 19&1 Cleve- Rich- Atlanta Chicago land mond ( I n m i l l i o n s of dol].ars) Boston New York Philadelphia 16,044 1,035 17,079 753 61 til4 4,171 242 4,413 955 61 1,016 1,3^1 90 1,431 1,045 87 1,132 813 60 073 F. R. n o t e s of o t h e r Banks Other cash 477 459 3 *• 33 136 102 19 24 34 38 20 26 85 31 Discounts and advances Acceptances: Sought 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 114 5 13 7 2 8 7 Total ASSETS 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 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 45 2,327 5,398 16,301 2,662 26,688 mm — - - 125 290 876 143 1,434 —— 45 581 1,346 4,066 664 6,657 133 309 933 153 1,52b — - - 200 464 l,4oo 229 2,293 147 342 1,032 168 1,659 - - — - —— 127 296 894 146 1,463 2,672 184 2,056 u 39 St. Louis Minneapolis Kansas City Dallas San Francisco 619 45 664 336 26 362 693 48 741 637 32 669 2,009 11 26 12 9 17 14 22 23 44 65 11 3 13 1 5 - • - - 398 924 2,790 456 4,568 94 218 659 108 1,079 —- " 54 126 378 61 619 " 99 2,108 — - - - - 100 231 700 114 1,145 94 218 657 107 1,076 274 634 1,916 313 3,137 —- - - T o t a l U. S. Government s e c u r i t i e s 26,688 1,434 6,657 1,528 2,293 1,689 1,463 4,568 1,079 619 1,145 1,076 3,137 T o t a l loans and s e c u r i t i e s 26,847 1,439 6,715 1,535 2,295 1,697 1,470 4,607 1,090 622 1,158 1,077 3,142 4,918 109 212 358 4 11 1,007 9 53 316 4 12 413 8 19 348 6 14 362 12 12 785 23 35 222 7 9 148 5 4 245 5 10 224 14 8 490 12 25 50,101 2,693 12,435 2,926 4,238 3,243 2,845 8,417 2,029 1,162 2,190 2,037 5,886 Cash items i n process of collection Bank premises Other a s s e t s TOTAL ASSETS H.U.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH MARCH 29, 1961 St. Louis Minneapolis Kansas City Dallas San Francisco 5,128 1,182 587 1,127 809 2,688 857 24 12 1 894 2,311 83 33 3 2,430 577 32 8 * 617 391 21 5 * 417 769 32 10 1 812 915 35 14 * 964 2,478 54 29 36 2,597 291 308 665 184 127 194 188 429 3 4,116 2 3,182 1 2,773 4 8,227 2 1,905 1 1,132 1 2,134 2 1,963 4 5,718 24 48 4 39 75 8 19 37 5 85 60 116 14 14 27 3 10 19 1 18 35 3 24 47 3 55 100 13 12,435 2,926 4,238 3,243 2,845 8,417 2,029 1,162 2,190 2,037 5,886 5 / 49 10 16 8 9 25 6 4 7 10 21 Hew York Philadelphia Cleve- Rich- A t l a n t a Chicago mond land ( I n m i l l i o n s of do3JLars) Total Boston 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 27,472 1,579 6.391 1,809 2,486 2,116 1,570 15,992 268 365 17,114 653 32 12 * 697 4.392 70 4,876 729 27 14 4 774 1,218 23 22 * 1,263 702 56 11 4 773 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 4,163 351 796 266 364 30 -387779 2 2,629 7 12,070 1 2,850 423 817 82 20 40 4 117 229 19 50,101 2,693 174 9 L I A B I L I T I E S 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 ances purchased f o r f o r e i g n correspondents FEDERAL RESERVE AGENTS' ACCOUNTS 28,691 1,644 6,742 1,860 2,631 2,183 1,633 5,264 1,226 662 1,157 861 2,820 475 2,000 650 7 1,325 1,982 870 670 475 1,700 180 1,100 1,200 1,675 3,800 5,500 300 13 900 1,213 275 1,880 1,560 5,100 1,275 2,230 2,750 7,100 1,750 l / A f t e r deducting $170 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 2 / A f t e r deducting $12$ m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. 380 11 935 1,326 625 900 2,000 3,100 F . R. n o t e s o u t s t a n d i n g 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 collateral 9,075 31 21,110 30,216 510 690 * Less than $500,000.
@FedFRASER