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B.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release May 4, 1961 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS The average of daily figures of total member bank reserves held during the week ended May 3 decreased $202 million to $18,8l6 million. Cash allowed as reserves decreased $64 million and member bank reserve balances at the Federal Reserve Banks decreased $138 million. Estimated required reserves increased $25 million; and estimated excess reserves decreased $227 million to $505 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $444 million, compared with the revised figure of $695 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks was a decrease of $213 million in Federal Reserve float, and increases of $36 million in currency in circulation, $198 million in Treasury deposits with Federal Reserve Banks, and $27 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $303 million in U. S. Government securities bought outright and $24 million in member bank borrowings. Total Reserve Bank credit increased $113 million. As of Wednesday, May 3, holdings of U. S. Government securities bought outright were $553 million higher than a week earlier and member bank borrowings were $38 million higher. Outright holdings of bills, notes, and bonds increased $495 million, $34 million, and $24 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 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, May 3, May 4, April 26, May 3, 1961 I960 1961 1961 (]Cn millions of dollars) 26,692 +303 — — 44 61 5 1,066 27,868 17,390 5,420 50,67ti 31,842% • 409 572 221 298 962 34,305 16,373 2,443 18,816 18,311 505 + 24 *» *• -213 +113 +1,135 103 + 14 40 + 491 5 71 5 + + 108 669 +116 -1,970 + 73 -1,228 + 36 + - - + 3 - 5 +198 + 27 - - - 1 +255 -138 - 64 -202 + 25 -227 26,781 - -- 968 27,865 17,390 5,421 50,676 237 5 5 37 13 107 367 31,877 422 452 206 315 957 34,229 -1,595 +2,168 + 573 + 393 + 180 16,447 2,542 18,989 + + + + 18,380 609 On May 3, 1961, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $5,634 million, a decrease of $543 million for the week and an increase of $752 million from the comparable date a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) May 3, 1961 A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Cash Discounts and advances Acceptances--bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 16,054 1,032 17,086 + - 434 76 40 + - (409) Total loans and securities (940) Change since May 4, April 26, 1961 I960 5 2 3 13 38 3 + + 38 496 10 495 + 872 - + -2,058 + 81 -1,977 2,469 5,001 16,452 2,859 26,781 + + + 34 24 553 26,781 + 553 -3,506 +3,442 + 375 4-1,183 - 290 + 893 26,897 + 588 + <m mm 61 407 310 (1,349) 49,312 + 21 532 + 230 + 5 54 -1,351 (409) 27,008 + 100 + 16,447 452 206 315 17,420 + 547 49 26 , 7 479 -1,770 26 + 36 61 1 519 + 4,477 - 108 (940) 3,509 , 38 (1,349) 47,975 C A P I T A L A C C O U N T S Capltia~paid In" 42*3 , Surplus 817 Other capital accounts 901 * TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,349) 49,312 - - - + + m + + + + — 1 1 532 204 + 12 -1,748 139 4 -1,409 + 2^. + 42 G 9 -1,351 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 38.1% - .5$ - 3-0% Contingent liability on acceptances purchased for foreign correspondents 148 5 20 * 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, MAY 3, 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 70 6 * -- Acceptances 14 26 -w - - - — — 75 So U. S. Government securities Changes Holdings during week 3,292 +2,770 6,092 +2,457 -4,732 5,757 + 41 9,619 1,870 + 17 mm mm 151 26,781 + 553 B.4.l(t>) STATEMENT OF CONDITION OP EACH FEDERAL RESERVE BANK ON MAY 3, 196l Total Boston (In millions of dollars) 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 ^Acceptances: Bought outright U-. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement San Francisco New Phila- Cleve- RichAtlanta Chicago St. Minne- Kansas Dallas York delphia land mond Louis apolis City 16,054 1,032 17,066 742 59 801 3,980 238 4,218 1,011 63 1,074 1,358 89 1,447 1,046 83 1,129 799 64 863 2,836 182 3,018 624 45 669 328 26 354 687 48 735 628 % 659 2,015 104 2,119 409 434 23 28 126 96 20 17 31 38 17 23 67 33 36 66 9 25 11 10 15 12 19 23 35 63 76 5 8 3 4 4 2 11 3 11 19 4 2 40 - - 4o - - — -- — - - - - - -- - - 2,469 5,001 16,452 2,859 26,781 132 266 876 152 1,426 610 1,237 4,069 707 6,623 143 289 950 165 1,547 209 424 1,395 243 2,271 156 317 l,o4i 181 1,695 135 275 905 157 1,472 422 855 2,811 488 4,576 100 201 662 115 1,078 57 117 385 67 626 107 218 717 125 1,167 101 203 668 116 1,088 297 599 1,973 %4% 3,212 Total U» S. Government securities 26,781 1,426 6,623 1,547 2,271 1,695 1,472 4,576 1,078 626 1,167 1,088 3,212 Total loans and securities 26,897 1,431 6,671 1,550 2,275 1,699 1,474 4,587 1,081 637 1,186 1,092 3,214 5,417 108 310 425 4 16 1,081 9 77 334 4 18 429 8 26 388 6 20 *23 12 18 848 23 52 234 7 12 152 5 7 268 5 14 220 14 13 615 11 37 50,661 2,728 12,278 3,017 4,254 3,282 2,890 8,630 2,037 1,176 2,235 2,040 6,094 Cash items in process of collection Bank premise^ Other assets TOTAL ASSETS 8.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 3, 196l Total Boston New York Philadelphia Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Richmond Contingent liability on acceptances purchased for foreign correspondents St. Louis Minne- Kansas apolis City Dallas San Francisco 27,417 1,576 6,355 1,802 2,472 2,110 1,561 5,110 1,184 587 1,135 815 2,710 16,447 452 206 315 17,420 659 28 10 1 698 4,397 36 1/58 -266 4,757 808 40 12 1 861 1,236 30 19 1 1,286 711 66 9 5 791 853 30 11 1 895 2,519 51 29 2 2,601 586 26 7 * 619 399 25 5 * 429 788 34 9 1 832 927 23 12 * 962 2,564 63 25 37 2,689 4,449 388 788 275 371 316 359 721 188 128 210 188 517 38 2 10 49,324 2,664 11,910 2 2,940 3 4,132 3 3,220 2 2,817 7 8,439 1 1,992 1 1,145 2 2,179 1 1,966 4 5,920 117 229 22 24 48 37 23 44 6 60 116 15 14 27 4 10 19 2 18 35 24 47 55 100 5 39 75 8 3 19 2,728 12,278 3.017 4,254 3,282 2,890 8,630 2,037 1,176 2,235 2,040 6,094 2/41 9 14 7 8 21 5 3 6 9 18 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Atlanta Chicago (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 Cleveland 43# 817 50,661 148 20 4o 4 7 & 3 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F . R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 28,581 1,629 6,682 1,855 2,621 2,183 1,627 5,239 1,224 &3 1,161 8& 2,833 8,975 475 2,000 650 3 1.325 1,978 870 670 475 1,700 380 180 1,000 3,800 5,500 300 19 900 1,219 275 3 935 1,318 625 900 2,100 3,100 25 21,210 30,210 1,275 1,750 5,100 7,100 1,880 2,750 1,560 2,230 1/ After deducting $148 million participateions of other Federal Reserve Banks. other Federal Reserve Banks, 1,200 1,675 mm mm 510 690 m* mm * Less than $500,000.
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