The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE F a c t o r s A f f e c t i n g Bank R e s e r v e s a n d C o n d i t i o n S t a t e m e n t of F . R . B a n k s H.4.1 For immediate release October 19, 19 6l The average of daily figures of total member bank reserves held during the week ended October 18 increased $387 million to $19,8l4 million. Cash allowed as reserves increased $208 million and member bank reserve balances at the Federal Reserve Banks increased $179 million. Estimated required reserves increased $257 million; and estimated excess reserves increased $130 million to $623 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $478 million, compared with the revised figure of $464 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $55 million in Federal Reserve holdings of U. S. Government securities, $116 million in member bank borrowings, and $48 million in Federal Reserve float, and decreases of $63 million in "other" deposits with Federal Reserve Banks and $p4 million in "o~cher" F. R. accounts (net). The principal offsetting changes were increases of $124 million in currency in circulation and $29 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $220 million. As of Wednesday, October 18, holdings of U. S. Government securities bought outright were $167 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $126 million lower, and member bank borrowings were $51 million lower. Outright holdings of bills and notes decreased $156 million and $11 million, respectively. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright--System account Held under repurchase agreement Acceptance s--bought outright Discounts and advancesMember 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 Oct. 18, Oct. 11, Oct. 19, 1961 1961 I960 (In millions of dollars) 28,130 120 35 - 13 + 68 145 2 1> 305 29,737 17,336 5,568 52.7542 +116 + 48 +220 - i4 + 3 +209 Wedne sday, Oct. 18, 1961 +1, 094 + 120 3 27,983 + 71 19 - 148 +1,116 -1,250 + 186 + 53 42 2 1,649 29,712 17,303 5,570 52,585 + + 36 248 300 998 35,457 +124 + 5 + 29 - 13 - 63 - 54 + 28 + + + 706 9 10 33 93 134 777 32,939 431 458 287 267 994 35,376' 17,184 2, 630 19,814 19,191 623 +179 +208 +387 +257 +130 - 725 +1,700 + 975 +1,228 - 253 17,210 2, 883 20, 093 19,409 684 33,010 422 479 On October 18, 1961, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $6,120 million, a decrease.. of $76 million for the week and an increase of $569 million from the comparable date a year ago. E.4.1(a) CONSOLIDATED Sl'ATEMSZi? OB CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (in millions of dollarsj Oct. 18, 19bl A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves * Cash Discounts and advances Acceptances--"bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 15,960 1,062 177022 (396) 48 + - - 378 44 36 - 43 - - 2 51 2 - 4- 3,034 1,639 19,727 3,583 27,983 156 - - 11 - - — Total loans and securities Cash items in process of collection Bank premises Other assets TOTAL ASSETS Change since Oct. 11, Oct. 19, 1961 i960 - 27,983 - 28,063 - (1,301) 4- 1,164 11 4* 623 17, 210 458 287 267 18,222 101 4o8 91 4- 49 55 + 311 - - (1,301) 4- 482 22 + 670 3,969 69 (1,697) 50,1>6 C A P I T A L A C C O U N T S Capital paid in" 433 Surplus 817 Other capital accounts 78 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,697) 51,484 - - 4 4* 260 -12,368 +12,217 4- 1,099 4- 1,208 342 - - - 4- 1, 208 ~ — (396) 27,896 11 43 1 167 126 293 +1,029 5,618 110 293 (1,697) 517555 1,346 82 1,264 44 626 — — 444- 493 3 36 349 + 576 m. - 4* - - 4* 4- 458 4i 48 110 561 + 235 27 277 4444- 29 42 1 349 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages--not consolidated) 36.6fo • 31o 2.7$ Contingent liability on acceptances purchased for foreign correspondents 121 l 80 * 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. OCTOBER 18, 1961 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) K X Discounts and advances LrT/e^trryears Over 5 years to 10 years Over 10 years Tota! 1 Acceptances i U. S. Government securities Changes Holdings during week % :: -- :: __ 2*280 55 35 234 27,983 -g -"6 -293 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER l8, 1961 Total Boston New York Philadelphia 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 Cleve- Rich- Atlanta Chicago St. Minneland mond Louis apolis (In millions of dollars) Kansas City Dallas San Francisco 15,960 1,062 17,022 828 66 894 3,598 240 3,838 881 64 945 1,408 93 1,501 1,094 84 1,178 823 63 886 2,710 190 2,900 664 47 711 307 26 333 737 46 783 673 33 70b 2,237 110 2,347 396 378 40 23 122 83 32 3£ 12 29 21 21 48 30 26 62 8 17 16 10 15 12 16 16 40 57 44 5 4 3 13 1 2 10 * 1 4 1 36 - - 36 - - - ~ - - - - - - - - - - * - - 3,034 1,639 19,727 —3-l5S3_ 27,983 162 750 4o6 87 1,050 4,878 886 12L1,490 6,920 175 95 1,139 207 l,6l6 192 257 104 139 1,673 1,248 227 J04 2,373 1,771 167 90 1,085 197 1,539 518 280 3,371 612 4,781 122 66 794 144 1,126 71 38 462 84 655 132 72 860 156 1,220 124 66 801 145 1,136 364 196 2,366 430 3,356 Total U. S. Government securities 27,983 1,490 6,920 1,616 2,373 1,771 1,539 4,781 1,126 655 1,220 1,136 3,356 Total loans and securities 28,063 1,495 6,960 1,619 2,386 1,772 1,541 4,791 1,126 656 1,224 1,137 3,356 6,919 110 293 525 4 15 1,340 9 74 419 4 17 538 8 24 499 6 17 497 13 17 1,158 24 51 304 7 11 216 5 6 354 6 13 294 13 13 775 11 35 2,996 12,426 3,054 4,498 3,514 3,032 9,012 2,184 1,242 2,407 2,195 6,621 Cash items in process of collection Bank premises Other assets TOTAL ASSETS 53,181 *Less than $500,000. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 18, 196l Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Dallas San Francisco 578 1,170 852 2,876 625 38 9 l 673 429 22 6 966 4o 15 457 844 ^3 11 2 900 1,021 2,822 69 31 4o 2,962 897 247 175 278 244 603 3 2,959 11 8,823 3 2,139 3 2,120 8 6,449 20 37 4 24 44 5 61 116 12 15 27 3 10 19 1 25 47 3 56 100 16 4,498 3,514 3,032 9,012 2,184 1,242 2,407 , 2,195 6,621 11 6 6 17 4 3 5 7 5,363 1,266 658 1,200 904 3, Oil 1,700 380 170 325 4 900 275 1, 000 650 1, 229 925 2,200 3, 200 Philadelphia 28,292 1,648 6,4l8 1,822 2,553 2,292 1,625 5, 242 1,216 17,210 458 287 267 18,222 807 19 12 1 839 4,435 49 1/105 213 4,802 772 36 15 2 825 1,343 2 23 1 1, 369 738 36 12 3 789 853 44 13 2 912 2,576 60 35 2 2, 673 5,270 44l 824 326 448 368 419 69 51,853 4 2,932 18 12,062 4 2,977 6 4,37 6 4 3,453 433 817 78 21 4o 3 118 229 17 25 48 4 4o 75 7 53,181 2,996 12,426 3,054 121 6 2/34 7 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 Kansas City Cleve- Rich- Atlanta Chicago St. Minneland mond Louis apolis (In millions of dollars) New York Total Boston * 2 1, 212 3 2, 351 — — CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign corre spondent s 18 35 3 15 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Eligible paper U. S. Government securities Total collateral 29,473 1,712 6,735 2,000 1,871 2,693 2,364 620 870 755 — — 3 1,880 5,100 1,635 1,325 7,100 1,948 2, 390 2,750 other Federal Reserve Banks. -*-J U-XJ. VX^JL U U U U U U X i i . 5 y i U i l IUJL_L-LX V l l jJCXJ. U JLV J - j J C L U A.VJ.J.O U 1 2/ After deducting $ 87 million participations of other Federal Reserve Banks. 9,065 495 — — 7 21,510 1,275 30,582 l, 770 — — l, 696 475 - - — — 1,300 3,800 l, 775 5,500 * 935 1,315 - — 510 680 * — — Less than $500,000•
@FedFRASER