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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 H.4.1 Condition S t a t e m e n t of and F. R. B a n k s For immediate r e l e a s e October 13, 196l 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 v/eek ended October 11 decreased $142 m i l l i o n t o $19,459 m i l l i o n . Cash allowed as r e s e r v e s decreased $111 m i l l i o n and member bank r e s e r v e b a l a n c e s a t t h e F e d e r a l Reserve Banks d e c r e a s e d $31 m i l l i o n . Estimated Required r e s e r v e s decreased $178 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 i n c r e a s e d $36 m i l l i o n t o $526 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 F e d e r a l Reserve Banks by $497 m i l l i o n , compared with t h e r e v i s e d f i g u r e of $456 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 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 d e c r e a s e s of $75 m i l l i o n in F e d e r a l Reserve f l o a t and $30 m i l l i o n in gold stock, and i n c r e a s e s of $213 m i l l i o n i n currency i n c i r c u l a t i o n , $28 m i l l i o n i n Treasury d e p o s i t s with F e d e r a l Reserve Banks, and $82 m i l l i o n i n " o t h e r " d e p o s i t s with Federal Reserve Banks. The p r i n c i p a l o f f s e t t i n g changes were i n c r e a s e s of <£>320 n u l l ion i n U. S. Government s e c u r i t i e s bought o u t r i g h t and $4l m i l l i o n held under repurchase agreement, and a d e c r e a s e of $39 m i l l i o n i n f o r e i g n d e p o s i t s with Federal Reserve Banks. T o t a l Reserve Bank c r e d i t i n c r e a s e d $280 m i l l i o n . As of Wednesday, October 11, 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 $218 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. S. Government s e c u r i t i e s held under r e p u r c h a s e agreement were $126 m i l l i o n higher, and member bank borrowings were $2( 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 , n o t e s , and bonds i n c r e a s e d $119 m i l l i o n , $7 m i l l i o n , $60 m i l l i o n , and $32 m i l l i o n , respectively. 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. 8. 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 account 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 Discounts and a d v a n c e s - Member bank borrowings Other Float T o t a l Reserve Bank c r e d i t Gold stock Treasury currency o u t s t a n d i n g 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 reserves held 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 Oct. 11, Oct. 4, Oct • 12, 1961 i960 1961 ' ( I n m i l l i o n s of d o l l a r s ) 28,143 52 +320 + 4i 35 28,150 126 34 mm mm - - 29 2 1, 257 29,517 17,350 5,565 52, 433 +1,. 007 80 - Wednesday, Oct. 11, 1961 - 6 - 75 +280 - 30 + 3 +254 119 18 4- 219 +1, co4 -1,265 + 185 79 93 2 1,102 29, 507 17,351 5,566 52,424 32,88b 417 450 261 363 1,052 35,429 +213 + 5 + 28 - 39 + 82 - 2 +287 •f* 610 9 24 + 59 16 + 120 4- 757 33,045 419 549 238 322 1,049 35,622 17,005 2,454 19,459 18,933 526 - 31 -ill -142 -178 + 36 835 +1,654 + 819 + 982 163 16,802 2, 8 l 6 19, 618 18,964 654 - 5 - - - On October 11, 1961, U. 8. Government s e c u r i t i e s h e l d in custody by t h e Federal Reserve Banks f o r f o r e i g n account were $6,196 m i l l i o n , an i n c r e a s e of $67 m i l l i o n f o r t h e week and an i n c r e a s e of $6l8 m i l l i o n from t h e comparable d a t e a year ago. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS ( i n m i l l i o n s of d o l l a r s ) Oct. 11, 1961 ASSETS Gold c e r t i f i c a t e account Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves Cash Discounts and advances Acceptances: Bought outright Held under repurchase agreement U. S. Government s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government s e c u r i t i e s 16,008 1,062 17,070 (3^3) L I A B I L I T I E S Federal Reserve n o t e s Deposits: Member bank r es e r v e s U. S. Treasurer—general account Foreign Other Total d e p o s i t s 1 3 4 - 20 27 ~ + 34 - - Total loans and s e c u r i t i e s Cash items i n process of c o l l e c t i o n Bank premises Other a s s e t s TOTAL ASSETS 380 95 Change since Oct . 12, Oct . 4, i960 1961 - 4* - 1,332 82 1,250; 2 48 + - • - - - - - 3 3 + 119 7 60 32 218 126 34? 57 -12,368 +12,228 + 1,099 + 902 + 104 + 1,006 + 371 + 952 85 + + 3,190 1,639 19,738 3,583 28,150 126 28,276 + + + 28,405 4- + - (l,28l) 4,589 110 304 50,858 + + 21 283 + 398 3 7 98 (3*6) 27,997 + 280 + 549 (938) 16,802 549 238 322 17,911 3,487 - - - - + - + - 110 68 3 29 16 - - + + - - 837 95 48 67 761 174 47 9 + - (938) Deferred a v a i l a b i l i t y cash items + + 5 Other l i a b i l i t i e s and accrued dividends . + + 49,486 269 (1,281) TOTAL LIABILITIES CAPITAL ACCOUNTS + 1 30 Capital~paid I n 433 + - 4? Surplus 817 + + Other c a p i t a l accounts 17 122 13 + + 283 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ( l , 2 8 l ) 50,858 98 Ratio of gold c e r t i f i c a t e r e s e r v e s t o deposit and F. R. note l i a b i l i t i e s combined (computed from f i g u r e s as shown on the f o l lowing pages--not consolidated) 36-9$ - .2% - 2.2$ Contingent l i a b i l i t y on acceptances purchased for foreign correspondents 122 1 80 * Figures in parentheses are the eliminations made i n the c o n s o l i d a t i n g process; 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 pages. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 11, 196l (Acceptances and s e c u r i t i e s held under repurchase agreement are c l a s s i f i e d as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 days t o 90 days 91 days t o 1 year Over 1 year t o 5 years Over 5 years t o 10 years Over 10 years Total Discounts and advances 95 Acceptances 9 25 3% U. S. Government s e c u r i t i e s Changes during week Holdings +209 ~ && 988 - 39 +115 12,161 + 51 11,968 + 4 2,280 + 4 234 +344 28,276 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 11, 196l H.4.1(b) Total Boston New York Philadelphia F. R. notes of other Banks Other cash Richmond Atlanta Chicago 16,008 1,062 17,070 380 737 66 803 U 3,898 2bl 4,139 901 65 966 1,369 92 1,461 81 98 28 20 29 18 * 12 8 1,095 85 1,180 832 n g 3,190 1,639 19,738 3,583 28,150 126 170 87 1,050 191 1,498 78 9 4o6 4,881 886 6,962 126 184 95 l,l4o 207 1,626 270 139 202 104 2,387 *•£? 1,782 176 90 1,085 197 1,548 Total U. S. Government s e c u r i t i e s 28,276 1,498 7,088 1,626 2,387 1,782 Total loans and s e c u r i t i e s 28,405 1,499 7,i4o 1,626 2,399 5^527 110 104 366 4 15 1^025 9 70 52,139 2,747 12,562 TOTAL ASSETS 1 95 34 — 34 - - 336 4 16, 2,996 2,687 190 63 895 2,877 Discounts and advances Acceptances: Bought outright U. S. Government s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement Cash items in process of collection Bank premises Other a s s e t s St. Louis Kansas City- Minneapolis San Francisco Dallas (In m i l l i o n s of d o l l a r s ) ASSETS Gold c e r t i f i c a t e account Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e reserves Cleveland 2 - - 54 3 - - 650 45 695 330 26 7 17 16 * * - - - - 545 280 128 66 -m 4,810 1,548 1,784 415 8 46 4,366 721 46 767 356 il 10 4 654 2,134 33 687 2,244 14 16 $ l * — 110 - - 1,133 74 38 462 84 658 139 72 860 156 1,227 130 66 802 145 r,i43 383 196 2,367 430 3,37b 4,810 1,133 658 1,227 1,143 3,376 1,551 4,864 1,133 658 1,231 1,144 3,376 415 6 18 426 13 16 902 24 47 264 7 11 186 5 7 291 6 12 240 13 12 661 11 34 3,442 2,980 8,797 2,134 1,238 2,335 2,126 6,4l6 3 IS * Less t h a n $500,000. H. 4 . 1 ( c ) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OR OCTOBER 11, 1961 New York Philadelphia 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 St. Louis Minneapolis Kansas City San Francisco Boston 28,340 l , 648 6, 457 1,823 2,552 2, 293 1,618 5,255 1, 212 578 1,170 851 2,883 16,802 549 238 322 17,911 650 24 12 l 687 4,643 27 1/64 "268 5,002 772 33 14 1 820 1, 241 30 22 1 1, 294 733 20 11 4 768 821 81 13 1 916 2,506 54 34 1 2, 595 622 30 8 * 660 439 32 6 l 478 802 63 10 2 877 932 44 l4 l 991 2,64i ill 30 4i 2, 823 4, 425 342 710 271 367 313 367 739 212 149 227 204 524 91 50, 767 4 2, 681 19 12,188 3 2,917 27 4,240 4 3,378 4 2,905 11 8,600 3 2, 087 2 1, 207 3 2, 2 77 3 2, 049 8 6,238 433 817 122 21 40 5 118 229 27 25 48 6 4o 75 11 20 37 7 24 44 7 61 116 20 15 27 5 10 19 2 18 35 5 25 47 5 56 100 22 52,139 _&747 12,562 2,996 4,366 3,442 2,980 8^97 2,134 1,238 2,335 2,126 6,4i6 2/34 7 11 6 7 17 4 3 5 7 15 FEDERAL RESERVE AGENTS' ACCOUNTS 1,864 2, 689 1,685 2,358 5,360 1,262 658 1,205 908 3, 002 275 1, 000 650 2, 200 925 3, 200 L I A B 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 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 ) 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 ances purchased f o r f o r e i g n c orrespondents 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 122 6 29,418 1,705 6,722 9,065 4 21,510 495 2, 000 620 870 755 475 1,700 380 170 1,275 5,100 1,325 1,880 1,635 1,300 3,800 935 510 325 4 900 1,100 30,579 l , 770 1,945 2, 750 2, 390 \J t A f t e r d e d u c t i n g $174 m i l l i o n p a r t i c i p a t i o n s of other F e d e r a l Reserve Banks. 2/ A f t e r d e d u c t i n g $ 88 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. 1,775 5,500 1,315 680 1,229 Total c o l l a t e r a l Less t h a n $500,000.
@FedFRASER