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****** FEDERAL RESERVE Factors Affecting Bank R e s e r v e s and Condition S t a t e m e n t of F.R. Banks H.4.1 For Immediate r e l e a s e October 26, 1961 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 October 25 i n c r e a s e d a n e t of $18 m i l l i o n t o $19,821 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 $40 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 $22 m i l l i o n . Estimated r e q u i r e d r e s e r v e s i n c r e a s e d $46 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 $28 m i l l i o n t o $549 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 *494 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 $432 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 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 Barnes were d e c r e a s e s of $339 m i l l i o n 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 $92 m i l l i o n h e l d under repurchase agreement, $90 m i l l i o n i n member oank borrowings, and $34 m i l l i o n i n gold s t o c k . 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 $325 m i l l i o n in F e d e r a l Reserve f l o a t , and d e c r e a s e s of $ l 6 l m i l l i o n in currency i n c i r c u l a t i o n and $32 m i l l i o n i n "Other" d e p o s i t s with F e d e r a l Reserve Banks. T o t a l Reserve Bank c r e d i t decreased $193 m i l l i o n . As of Vfednesdav, October 25, 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 $78 m i l l i o n lower 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 h e l d under r e p u r c h a s e agreement were $52 m i l l i o n h i g h e r , and member "bank borrowings were $204 m i l l i o n h i g h e r . O u t r i g h t h o l d i n g s of b i l l s decreased $121 m i l l i o n ; 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 $10 m i l l i o n , $20 m i l l i o n , and $13 m i l l i o n , r e s p e c t i v e l y . 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. 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 account Held under r e p u r c h a s e agreement Acceptances--bought o u t r i g h t 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 in 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 F e d e r a l 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 Wednesday, Oct. 25, Oct. 18, Oct. 2 5 7 Oct. 25, 1961 1961 I960 1961 ( i n m i l l i o n s of d o l l a r s ) 27,791 28 38 55 2 630 29^55 17,302 5,572 52, 418 32,849 4i4 486 249 2 68 991 35,257 17,162 2,659 19;821 19,272 549 +1,110 51 -339 - 92 + 27,905 52 37 - 3 — - 90 - 246 2 1,179 185 20 276 +325 -193 - 34 + 4 -224 +1,129 -1.,250 29, 421 17,303 + 52,297 -l6l - 8 + + + - 7 l 32 7 + + 189 68 5,573 4- 729 - 32,776 415 384 242 11 60 8 105 4- 129 276 994 - -200 + 696 35,087 - 22 - 627 17,209 2,945 + 4o + 18 + 46 - 28 +1,719 +1, 092 +1; 072 4- 20 | 20,154 19,226 928 On October 25^ 1961, U. S. Government s e c u r i t i e s h e l d in custody "by t h e F e d e r a l Reserve Banks f o r f o r e i g n account were $6,1^9 m i l l i o n , an i n c r e a s e of $^9 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 $44l m i l l i o n from t h e comparable d a t e a y e a r ago. HA.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. 25, 1961 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 Tot al 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 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 15,936 1,092 17,028 (452) 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 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 4o4 248 37 4- 24 30 + 6 + + 26 204 1 - + - 121 10 20 - 1,260 + 111 - 1,149 — — - 702 1 + 257 -12,358 +12,237 + 1,112 + 1,248 243 + 1,005 2,913 l , 649 19,7^7 3,596 27,905 52 27,957 -f r 78 52 26 28,242 + 179 + 302 942 -17 714 + + - 382 3 37 499 148 + 582 l 74 45 9 111 - 1,145 135 27 99 - 1,406 472 1 730 + + - 4,676 110 310 (1, 507) 50,770 (1,055) (452) 27,7^8 17,209 384 242 276 18,111 (1,055) Change s i n c e Oct. 26, Oct . 18, I960 1961 3,497 70 (1, 507) 49;426 + + - •4* - - + + - 13 229 25 570 A C C O U N T S + 29 -433 + 42 817 + 16 94 499 7i4 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ( 1 , 5 0 7 ) 50,770 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 + • 2 jo - 1.8# 3 6.8# lowing p a g e s - - n o t 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 2 78 119 f o r foreign correspondents * F i g u r e s i n 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 . Capital paid in Surplus Other c a p i t a l accounts a MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 25, 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 . ) U. S. Government s e c u r i t i e s Discounts and Changes advances Acceptances Holdings d u r i n g week Within 15 days 2W3 * 10 542 -19 16 days t o 90 days XS ' 27 912 -23 91 days t o 1 y e a r --11,991 -l4 Over 1 y e a r t o 5 y e a r s --11,990 +22 Over 5 y e a r s t o 10 y e a r s --2,284 + 4 Over 10 y e a r s --238 + 4 Total 255 37 27,957 -25 H.4.l(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 25, 1961 Total New York Boston Philadelphia Richmond A t l a n t a Chicago St. Louis Minneapolis Kansas City- Dallas ( I n m i l l i o n s of d o l l a r s ) 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 Cleveland 15,936 1,092 17,025* 684 65 749 4,094 274 4,368 852 65 917 1,348 92 l,~4W 1,072 82 1,155" ,793 62 855 2,533 189 2,722 655 47 702 305 26 331 677 46 723 San Francisco 626 2,297 109 35 661 ' 2,406 F . R. n o t e s of o t h e r Banks Other cash 452 4o4 43 24 133 98 38 18 17 30 24 22 54 30 65 11 17 19 10 17 13 20 17 L9 D i s c o u n t s 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 248 5 51 1 4 14 8 134 3 * 12 8 8 2,913 1,649 19,747 -.3.^96 27,905 52 T o t a l U. S. Government s e c u r i t i e s T o t a l l o a n s and s e c u r i t i e s Cash i t e m s 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 37 - - 37 - - 720 155 88 4o8 1 , 0 5 1 4,883 191 890 1,485 " 5 , 9 0 1 52 168 95 i,l4l 208 1,612 247 i4o 1,674 305 2,366 27,957 1,485 6,953 1,612 28,242 1,490 7,041 1,613 5,731 110 310 52,277 4 l l 1,096 4 9 17 ... 77, . 2,738 12,822 342 4 _il_ 2,949 185 105 1,250 226 - - - - - - " ITJEB 160 90 1,086 198 1,534 498 281 3,374 615 4,768 117 66 795 145 1,123 68 39 462 84 653 127 72 861 157 1,217 118 67 802 146 1,133 350 198 2,368 431 3,347 2,366 1,766 l , 534 4,768 1,123 653 1,217 1,133 3,347 2,370 1,780 1,542 4,902 1,126 653 1,229 l,l4l 3,355 452 8 27 4o6 6 19 426 13 18 939 24 52 264 7 12 187 5 7 304 6 14 256 13 13 648 11 37 4,344 3,4ll 2,938 8,731 2,139 1,212 2,306 2,121 6,566 * Less t h a n $500,000. H.4.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 25, 1961 Total Boston New York Philadelphia 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 Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas ( i n m i l l i o n s of d o l l a r s ) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank r e s e r v e s U.S. Treasurer-general account Foreign Other Total d e p o s i t s Cleveland San Francisco 28, 200 1,642 6,4o8 1,820 2, 544 2,281 1,6l6 5,228 1, 216 575 1,164 849 2,857 17, 209 384 242 276 18,111 637 23 12 * 672 4,948 48 1/ 71 222 5,289 735 23 14 2 774 1, 228 31 22 1 1,282 697 33 11 2 743 830 36 13 1 880 2,457 34 33 2 2,526 629 25 8 1 663 428 20 5 * 453 800 35 10 1 846 932 29 14 * 975 2,888 47 29 44 3,008 4,552 355 739 275 389 321 366 774 210 151 236 218 518 70 50,933 4 2,673 -123 12,455 2,872 6 4,221 4 3,349 3 2, 865 11 8,539 3 2,092 2 1,181 3 2, 249 3 2, 045 9 6,392 433 817 94 21 4o 4 118 229 20 25 48 4 4o 75 8 20 37 5 24 44 5 61 116 15 15 27 5 10 19 2 18 35 4 25 47 4 56 100 18 52,277 2,738 12,822 2,949 4,344 3,411 2,938 8.731 2,139 1.212 2.306 2,121 6, 566 1,270 656 1, 201 912 3, 003 380 3 935 l , 318 170 325 12 900 1, 237 275 l , COO 675 950 2, 200 3, 200 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 foreign corre spondent s F. R. notes outstanding C o l l a t e r a l f o r F. P.. 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 Total c o l l a t e r a l 2/. 119 29,444 1,704 12. 6,739 11 6 5 17 _Z. FEDERAL RESERVE AGENTS' ACCOUNTS l , 874 2,693 2,356 1,693 5,343 8, 565 1,500 495 620 870 755 -X15 —— 21,835 1, 275 5,4oo 1,880 1,325 1,635 30, 415 : 1, 770 6,900 1,945 2, 750 2, 390 o — ui uuiiei' r e u e r a i .Reserve isanKS . 2/ A f t e r deducting $86 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. - - — — 475 — — 1,300 1,775 1,700 — 3,800 5,500 510 680 Less than $500, 000.
@FedFRASER