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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 immediate r e l e a s e November 30, 1961 The a v e r a g e 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 d u r i n g t h e week ended November 29 d e c r e a s e d a n e t of $ l 6 m i l l i o n t o $19,879 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 $117 m i l l i o n and member "bank r e s e r v e "balances a t t h e F e d e r a l R e s e r v e Banks d e c r e a s e d $133 m i l l i o n . E s t i m a t e d r e q u i r e d r e s e r v e s d e c r e a s e d $88 m i l l i o n ; and e s t i m a t e d e x c e s s r e s e r v e s i n c r e a s e d $72 m i l l i o n t o $670 m i l l i o n . Excess r e s e r v e s e x c e e d e d member bank b o r r o w i n g s a t t h e F e d e r a l Reserve Banks by $569 m i l l i o n , compared w i t h $^08 m i l l i o n t h e week b e f o r e . The p r i n c i p a l changes r e d u c i n g a v e r a g e r e s e r v e b a l a n c e s w i t h F e d e r a l Reserve Banks were d e c r e a s e s of $2$1 m i l l i o n i n F e d e r a l R e s e r v e f l o a t and $21^ m i l l i o n i n g o l d s t o c k , and an i n c r e a s e of $1$3 m i l l i o n i n c u r r e n c y i n c i r c u l a t i o n . 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 $286 m i l l i o n i n F e d e r a l Reserve h o l d i n g s of U. S. Government s e c u r i t i e s , and d e c r e a s e s of $^0 m i l l i o n i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks, $99 m i l l i o n i n f o r e i g n d e p o s i t s w i t h F e d e r a l Reserve Banks, and $38 m i l l i o n i n " o t h e r " d e p o s i t s w i t h F e d e r a l Reserve Banks. T o t a l Reserve Bank c r e d i t i n c r e a s e d $4s m i l l i o n . As of oought o u t r i g h t s e c u r i t i e s held bank b o r r o w i n g s Wednesday, November 29, h o l d i n g s of U. S. Government s e c u r i t i e s were $77 m i l l i o n h i g h e r t h a n a week e a r l i e r , U. 8 . Government under r e p u r c h a s e agreement were $185 m i l l i o n l o w e r , and member were $326 m i l l i o n l o w e r . 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 i t e m s Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s Bought o u t r i g h t - - S y s t e m a c c o u n t Held under r e p u r c h a s e agreement Acceptances-Bought o u t r i g h t Held under r e p u r c h a s e agreement D i s c o u n t s and a d v a n c e s - Member bank b o r r o w i n g s Other Float T o t a l Reserve Bank c r e d i t Gold s t o c k Treasury currency outstanding Currency i n c i r c u l a t i o n Trecrury cash h o l d i n g s Tre&rrjry d e p o s i t s w i t h F . R. Banks Foreign d e p o s i t s w i t h F . R. Banks Other d e p o s i t s w i t h F . R. Banks Other F. R. a c c o u n t s ( n e t ) Averages of d a i l y f i g u r e S Week ended Change from week ended Nov . 30, Nov. 22, Nov. 29, 1961 1961 I960 ( I n m i l l i o n s of d o l l a r s ) 28,760 Ilk 4o 28,775 9 * 4i 12 6 4- 264 +1, 4 6 8 982 + 195 + 702 49 2 1,227 30,094 16,976 5,588 52,658 -f 864 1 4 48 174 72 711 33,499 428 504 221 204 1,145 36,001 9 210 201 728 527 16,657 3,081 19,738 19,267 471 + - - + 11 101 2 1>92 30,510 16,975 5,58/653,07%% - -251 + 45 -215 + 1 -169 33, 5 0 ^ 3 . 415 456 210 213 l , 143 35,94xo. +153 + 1 - 50 - 99 - 38 - 1 - 34 Member bank r e s e r v e s : With F e d e r a l R e s e r v e Banks 17,132 O&sh a l l o w e d a s r e s e r v e s ( e s t i m a t e d )1 2,747 Total reserves held 19,879 Required r e s e r v e s ( e s t i m a t e d ) 19,209 Excess r e s e r v e s ( e s t i m a t e d ) 670 * Less t h a n $ 5 0 0 , 0 0 0 . +1 ,153 98 +299 - 13 1 — -133 +117 - 16 - 88 + 72 Wednesday, Nov. 29, 1961 - + - + + + + - - F e d e r a l Reserve Banks f o r f o r e i g n account were $ ^ , 8 W m i l l i o n , an i n c r e a s e of m i l l i o n f o r t h e we^k and an in o r e a, of $4l4 m i l l i o n from bhe comparable d a t e 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 ) Nov. 29, 1961 A S S E T S Gold c e r t i f i c a t e - a c c o u n t Redemption f u n d 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 15,584 1,126 16,710 Cash Discounts and advances Acceptance s - - b o u g h t 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 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 (363) 3,499 1,692 19,892 3,692 28,775 L I AB I L I T I E S 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 Deferred a v a i l a b i l i t y cash i t e m s 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 (1,067) JC w—. w - + •»— 4- 329 7,481 +7,355 +1,086 +1,289 • 2 +1,287 - 433 +1,230 399 + + 16,657 504 221 204 17,586 JUH^XAV, - 28,867 28,420 V U. v/4.4. o 77 —— 8 50 7 - - (363) (1,430) 11 326 1 + + - 1,010 110 900 28,775 (1,430) CAPITAL ACCOUNTS C a p i t a l p a i d In" Surplus Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,430) 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 pages—not c o n s o l i d a t e d ) 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 W - + 77 185 108 4,797 110 179 51,010 (1,067) 11 8 3 - + - 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 347 51 4l Change s i n c e Nov. 22, Nov. 30, 1961 I960 3,570 75 49,651 433 817 109 51,010 36.0# 111 U.XA U4-0.V, - * - 1 14 833 22 - - + * - - 693 61 9 10 633 194 2 851 + 348 3 22 £95 + 716 - - - - + + + + «•> — —— + ~ + - 18 833 •f + 113 8 31 186 338 216 28 622 26 42 5 695 .4$ - 2.3# 1 - 116 W W U D W X J L U O U A i i g JJA U V C D D j 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 pagesMATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 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 a g r e e m e n t s . ) Discounts and advances ~ 53 Within 15 days 16 days t o 90 days 91 days t o 1 y e a r 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 Acceptances g 33 51 51 U. S. Government s e c u r i t i e s Changes Holdings d u r i n g week 283 -232 6,662 +245 10,393 -121 8,976 2,213 248 "^loB 28,775 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 29, 196l Total Boston F . R. n o t e s of o t h e r Banks Other 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 Total Held under repurchase agreement 15,584 1,126 16,710 756 65 , 821 Kansas City Dallas San Francisco 2,639 193 2,832 668 46 714 328 26 354 751 45 796 610 qq 645 2,067 108 2,175 56 27 26 60 11 20 16 9 17 11 23 15 42 49 5 6 1 2 13 * 3,643 281 3,924 882 72 954 1,319 95 l,4l4 1,124 88 1,212 797 72 869 22 19 6 Cleve- Rich- A t l a n t a Chicago land mond ( I n m i l l i o n s of d o l l a r s ) 363 347 21 21 99 73 19 18 11 25 51 4 9 3 * 4l Minneapolis Philadelphia ASSETS Gold c e r t i f i c a t e account Redemption f u n d 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 St. Louis New York 4l - - - - - - - - 2 - - 3,499 1,692 19,892 3,692 2d, H5 186 90 1,059 197 1,532 865 419 4,919 913 7,116 202 98 1,149 213 1,662 297 143 1,687 313 2,440 222 107 1,259 233 1,821 192 93 1,094 203 1,582 598 289 3,399 631 4,917 l4l 68 803 149 1,161 75 36 426 79 616 153 74 867 l6l 1,255 142 69 808 150 1,169 426 206 2,422 450 3,504 T o t a l U. S. Government s e c u r i t i e s 28,775 1,532 7,116 1,662 2,44o 1,821 1,582 4,917 l,l6l 616 1,255 1,169 3,504 T o t a l l o a n s and s e c u r i t i e s 28,867 1,536 7,166 1,665 2,44o 1,827 1,587 4,923 1,162 618 1,268 1,169 3,506 5,864 110 179 437 4 10 1,093 9 43 364 4 10 473 8 16 4l6 6 11 431 13 10 989 24 30 285 7 7 183 5 4 285 6 8 255 13 8 653 11 22 52,44o 2,850 12,407 3,034 4,387 3,513 2,993 8,884 2,206 1,189 2,391 2,128 6,458 Cash items i n p r o c e s s of collection Bank p r e m i s e s Other a s s e t s TOTAL ASSETS *Less t h a n $500,000. H. 4 . 1 ( c ) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER' 29, 196l Philadelphia Cleve- Rich- A t l a n t a Chicago land mond ( I n m i l l i o n s of d o l l a r s ) Boston New York 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 28,783 1,691 6,562 1,868 2,596 2, 330 1,671 5,295 1,244 574 1,179 857 2,916 16,657 504 221 204 17,586 676 33 11 1 721 4,354 64 1 / 66 155 4,639 724 42 13 1 780 1,227 28 20 1 1,276 733 50 10 3 796 833 34 11 1 879 2,524 72 30 1 2, 627 632 33 7 406 22 5 672 433 884 42 9 1 936 928 35 13 1 977 2,736 49 26 39 2,850 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 4,637 368 818 304 382 320 365 756 240 149 214 214 507 75 51,081 4 2,784 18 12,037 4 2,956 7 4,261 4 3,450 4 2,919 12 8,690 3 2,159 2 1,150 4 2,333 3 2,051 10 6,203 433 817 109 21 40 5 118 229 23 25 48 5 40 75 11 20 37 6 24 44 6 61 116 17 15 27 5 10 19 2 18 35 5 25 47 5 56 100 19 52,440 2,850 12,407 3,034 4,387 3,513 2,993 8,884 2,206 1,189 2,391 2,128 6,458 111 5 2/31 6 10 5 6 16 4 3 5 6 14 L I A B I L I T I E S St. Louis * Minneapolis * Kansas City San Francisco Total Dallas 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 a n c e s purchased f o r f o r e i g n correspondents FEDERAL RESERVE AGENTS' ACCOUNTS 1,941 f t R. n o t e s o u t s t a n d i n g 6,940 2,398 30,049 1,749 2,735 C o l l a t e r a l f o r F . R. n o t e s : l , 500 870 Gold c e r t i f i c a t e account 8,545 570 495 775 - - E l i g i b l e paper 17 3 U. S. Government s e c u r i t i e s 5,600 1,500 1, 655 1,950 22,475 1,325 2,820 2, 430 Total collateral 7,100 2,073 31,037 1,820 1 / A f t e r d e d u c t i n g $155 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 $ 80 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. 1,738 5,427 1,299 653 1,210 912 3,047 475 1,700 4oo 1 960 1,361 160 325 13 900 1,238 275 1,000 - - 1, 300 1,775 - - 3,900 5,600 - - 510 670 * - — 675 950 - - 2,200 3,200 ^ e s s t h a n $500,000.
@FedFRASER