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FEDERAL RESERVE Factors A f f e c t i n g Bank R e s e r v e s and Condition S t a t e m e n t of F.R. B a n k s For i n ® ^ i a t e release November 2; 19^1 The average of d a i l y f i g u r e s of t o t a l member "bank r e s e r v e s h e l d during t h e week ended November 1 d e c r e a s e d $102 m i l l i o n t o $19,724 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 $15 m i l l i o n and member t a n k r e s e r v e b a l a n c e s a t the F e d e r a l Reserve Banks d e c r e a s e d $117 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 $90 m i l l i o n ; and e s t i m a t e d excess r e s e r v e s decreased $12 m i l l i o n t o $537 m i l l i o n . Excess r e s e r v e s exceeded member hank borrowings a t t h e F e d e r a l Reserve Banks by $463 m i l l i o n , compared with t h e unchanged figure of 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 F e d e r a l Reserve Banks were a d e c r e a s e of $392 m i l l i o n i n F e d e r a l Reserve f l o a t and an i n c r e a s e of $35 m i l l i o n i n " o t h e r " d e p o s i t s with F e d e r a l Reserve Banks. 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 $233 m i l l i o n i n F e d e r a l Reserve holdings of U. 8. Government s e c u r i t i e s and a decrease of $48 m i l l i o n i n currency in 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 $l4o m i l l i o n . As of Wednesday, November 1, h o l d i n g s of U. S. Government s e c u r i t i e s bought o u t r i g h t were $363 m i l l i o n h i g h e r than a week e a r l i e r , U. S. Government s e c u r i t i e s h e l d under r e p u r c h a s e agreement were $7 m i l l i o n lower, and member bank borrowings were $36 m i l l i o n h i g h e r . Outright h o l d i n g s of b i l l s , c e r t i f i c a t e s , notes, and bonds i n c r e a s e d $329 m i l l i o n , $5 m i l l i o n , $22 m i l l i o n , and $7 m i l l i o n , r e s p e c tively. 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 Held under repurchase agreement 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) * Less than $$00,000. Averages of d a i l y f i g u r e s Week ended Nov. 1, 1961 Change from week ended Oct. 25, Nov. 2, 1961 I960 Wednesday, Nov. 1, 1961 (In millions'of dollars) 28,039 13 +248 - 15 +1, 093 - 354 28,268 2 * 38 115 282 2 1,099 29,734 17,303 5,579 38 74 2 1, 238 29, 404 17, 302 5; 5 7 / 6 . 52,282ft . 32,80Z> • kigO ' 491 241 303 990 35,2301 » 17;045 2,679 19;724 19,187 537 + 19 -392 -140 j_5 -135 - 48 - 2 + 5 - 8 + 35 - l - 19 -117 + 15 -102 - 90 - 12 20 + i4o + 742 -1,103 + 190 - 171 45 52,616 697 9 49 13 153 125 715 32,833 428 605 269 276 989 35,400 - 886 +1,737 + 851 + 878 27 17,216 2, 771 19,987 19,247 740 + + + + On November 1, 1961, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 5 , 9 9 6 million, a decrease of $153 million for the week and an increase of $368 million from the comparable date a year ago. E. 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 ) Nov. 1, 1961 A S S E T S 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 Cash Discounts and advances Acceptances: Bought o u t r i g h t Held under r e p u r c h a s e agreement 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 r e p u r c h a s e agreement T o t a l U. S. Government s e c u r i t i e s 15,926 1,102 17,028 (436) 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 Deferred 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 d i v i d e n d s TOTAL LIABILITIES C A P I T A L Capital paid in Surplus - 4* 10 10 - 1,130 + 119 - 1,011 5 36 + - — 399 284 4- 38 4- 3 139 1 2 3 + 271 -12,365 +12,254 + 1,063 + 1,223 551 + 672 —— 3,242 1,654 19,769 3,603 28, 268 45 28, 313 + 329 5 22 7 363 7 356 28,635 4* 393 + 528 4,884 110 332 (1,505) 51,388 4- 208 + + 306 4 34 204 563 T o t a l l o a n s 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 s i n c e Nov. 2, Oct. 25, 1961 I960 (1, 069) 4- + 444- we — + 4- 22 6l8 (436) 27,806 4" 58 + 17, 216 605 269 276 18,366 + + + 7 221 27 + 4" 255 - + 288 2 603 + (1,069) 3,785 72 (1,505) 50,029 - + - + + 4- 1,167 197 6 109 l , 073 212 25 273 A C C O U N T S 4433 29 817 442 Other c a p i t a l a c c o u n t s + 109 2 15 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1, 505) 51, 388 4~ 6 l 8 204 R a t i o of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F. R. n o t e l i a b i l i t i e s combined (computed from f i g u r e s a s shown on t h e f o l lowing p a g e s - - n o t c o n s o l i d a t e d ) 36.5$ - l. Contingent l i a b i l i t y on a c c e p t a n c e s purchased f o r foreign correspondents 116 93 * F i g u r e s in p a r e n t h e s e s a r e 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 f o l l o w i n g p a g e s . m mm - MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 1, 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 as 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 a g r e e m e n t s . ) 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 y e a r s Total Discounts and advances 278 6 285 Acceptances 11 27 U. S. Government s e c u r i t i e s Change s d u r i n g week Holdings + 66 608 +262 1,174 - 1 11,990 + 26 12, 016 + 3 2, 287 238 +356 28, 313 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 1, 1961 Dallas San Francisco 669 46 715 657 35 692 2,096 109 2,205 20 11 16 12 17 16 4o 56 4 14 2 4 Total Boston New York Philadelphia 15,926 1,102 17,028 835 65 900 3,885 274 4,159 888 66 954 1,381 91 1,472 1,149 92 l,24l 778 62 840 2,622 189 2,811 666 47 713 300 26 326 F. R. n o t e s of o t h e r Banks Other cash 436 399 4l 26 132 89 39 19 18 32 21 23 52 30 29 67 11 18 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 Total Held under r e p u r c h a s e agreement 284 4 134 1 5 12 13 83 8 3,242 1,654 19,769 3,603 28,268 45 173 88 1,052 192 1,505 802 409 4,889 891 6,991 45 187 96 1,142 208 1,633 275 i4o 1,676 306 2,397 T o t a l U. S• Government s e c u r i t i e s .28,313 1,505 7,036 1,633 T o t a l l o a n s and s e c u r i t i e s 28,635 1,509 7,208 5,953 110 332 432 4 18 52,893 2,930 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 Cash items i n p r o c e s s of collection Bank premises Other a s s e t s TOTAL ASSETS 38 Cleve- Rich- A t l a n t a Chicago land mond ( I n m i l l i o n s of dol.1. a r s ) 38 St. Louis Minneapolis Kansas City ~ - - - — 205 105 1,251 228 1, 789 178 91 1,087 198 1,554 554 282 3,378 6l6 4,830 130 67 796 145 1,138 76 39 462 84 661 l4i 72 862 157 1,232 132 67 803 146 1,148 389 198 2,371 432 3,390 2,397 1,789 1,554 4,830 1,138 661 1,232 1,148 3,390 1,634 2,402 1,801 1,567 4,913 1,146 665 1,246 1,150 3,394 1,129 9 82 379 4 19 478 8 28 407 6 21 420 13 19 1,049 24 56 282 7 13 195 5 8 296 6 14 254 13 14 632 11 40 12,808 3,048 4,438 3,520 2,941 8,949 2,190 1,230 2,305 2,156 6,378 -* - — E.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 1, 196l Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago Kansas City Minneapolis St. Louis San Francisco Dallas (In m i l l i o n s of dol].ars) L I A B I L I T I E S Federal Reserve n o t e s Deposits: Member t a n k r e s e r v e s U.S.~Treasurer-general account Foreign Other Total d e p o s i t s 28, 242 1,64l 6,413 1,819 2,541 2,293 1,625 5,220 1,223 573 1,168 851 2,875 17,216 605 269 276 18,366 758 36 11 1 806 4,776 69 1/103 219 5,W 8o4 24 13 1 842 1,303 35 22 1 1,361 727 77 11 3 818 805 58 12 1 876 2,608 6l 33 2 2,704 632 49 8 1 690 429 31 5 1 466 806 31 10 2 849 953 42 13 1 1,009 2,615 92 28 43 2,778 Deferred 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 4,854 413 838 304 4o6 341 363 819 228 158 227 216 541 72 51,534 4 2,864 19 12,437 4 2,969 6 4,314 5 3,457 3 2,867 12 8,755 2 2,143 2 1,199 4 2,248 2,079 8 6,202 433 817 109 21 40 5 118 229 24 25 48 6 40 75 9 20 37 6 24 44 6 61 116 17 15 27 5 10 19 2 18 35 4 25 47 5 56 100 20 52,893 2,930 12,808 3,048 4,438 3,520. 2,941 8,949 2,190 1,230 2,305 2,156 6,378 116 6 E/3 2 7 11 5 6 16 4 3 5 7 14 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 acceptances purchased f o r f o r e i g n c orrespondents FEDERAL RESERVE AGENTS' ACCOUNTS 2, 361 2, 685 1,875 29,46l 1,711 6,753 F. R. notes outstanding C o l l a t e r a l f o r F. R. n o t e s : 600 870 1,500 755 495 8,535 Gold c e r t i f i c a t e account 1 23 E l i g i b l e paper 1,880 1,635 5,400 1,325 21,835 1,275 U. S. Government s e c u r i t i e s 2,390 1,926 6,900 2,750 Total c o l l a t e r a l 30,393 1,770 1 / A f t e r deducting $166 m i l l i o n p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / A f t e r deducting $ 84 m i l l i o n p a r t i c i p a t i o n s of other Federal Reserve Banks. 1,692 5,350 1,272 655 1, 201 908 2,998 475 1,700 160 1,000 3,800 5,500 325 14 900 1, 239 275 1,300 l , 775 380 8 935 l , 323 675 950 2, 200 3, 200 510 670
@FedFRASER