The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release October 27, I960 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AND RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of t o t a l member bank reserves held during the week ended October 26 decreased a net of $89 million t o $18,723 million, which r e f l e c t e d in part a decrease of $120 million in member bank reserve balances at the Federal Reserve Banks. Estimated required reserves increased $173 million; and estimated excess reserves decreased $262 million t o $588 m i l l i o n . Excess r e serves exceeded member bank borrowings at the Federal Reserve Banks by $348 million, compared with the revised figure of $776 million the week "before. The p r i n c i p a l changes reducing average reserve balances with Federal Reserve Banks were decreases of $276 million in Federal Reserve holdings of U.S. Government s e c u r i t i e s , $96 million in Federal Reserve f l o a t , and $34 million in gold stock, and increases of $57 million in Treasury deposits with Federal Reserve Banke and $42 million in foreign deposits with Federal Reserve Banks. The principal o f f s e t t i n g changes were a decrease of $184 million in currency in circulation and an increase of $166 million in member bank borrowings. Total Reserve Bank c r e d i t decreased $204 m i l l i o n . As of bought outright s e c u r i t i e s held bank borrowings Wednesday, October 26, holdings of U. S. Government s e c u r i t i e s were $118 million lower than a week e a r l i e r , U. S. Government under repurchase agreement were $295 million higher, and member were $863 million higher. Member bank reserves, Reserve Bank c r e d i t , and related items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought outright—System account Held under repurchase agreement Acceptances--bought outright Loans, discounts, and a d v a n c e s Member hank borrowings Other Float Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding Currency in c i r c u l a t i o n 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 f i g u r e s Week ended Change from week: ended Oct. 26, Oct. 28, Oct. 19, i960 I960 1959 (In millions of d o l l a r s ) 26,681 79 38 240 22 1,357 28,417 18,552 5,383 52,352 32,120 403 546 257 375 862 34,563 17,789 934 18,723 18,135 588 + + + - - - + - - + + - - - + - + - 355 79 166 1 96 204 34 + + + - + + + - 184 10 57 42 18 2 117 120 31 89 173 262 16 550 15 208 64 934 86 1 237 317 58 - + + + - - - + + - + 784 247 7 16 40 4o 274 5 779 934 155 131 286 On October 26, i960, U. S. Government s e c u r i t i e s held in custody by the Federal Reserve Banks f o r foreign account were $5,708 million, an increase of $157 million f o r the week and an increase of $1,108 million from the comparable date a year ago. H. 4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Change since Oct. 28, Oct. 19, i960 1959 Oct. 26, I960 ASSETS Gold c e r t i f i c a t e account Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves 17,195,642 980,991 18,176,633 - 110,002 584 109,418 - + F. R. notes of other Banks Other cash 456,131 4o4,277 + + 40,875 15;56l 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 bought outright Held under repurchase agreement Total U. S. Government s e c u r i t i e s 950,012 38,110 + + 863,4o8 2,655,650 14,006,993 - 999 117,900 -— 7,510,298 2,483,771 26,656,712 295,600 26,952,312 27,940,434 15 5,610,159 Total loans and s e c u r i t i e s Due frcm foreign banks Cash items in process of c o l l e c t i o n Bank premises Other a s s e t s TOTAL ASSETS 106,785 346,692 53,041,126 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 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 27,621,884 18,353,843 519,199 268,824 375,108 19,516,974 4,584,567 44,502 51,767,927 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 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 Contingent l i a b i l i t y on acceptances purchased f o r f o r e i g n correspondents 404,394 774,808 93,997 53,041,126 -1,046,001 32,828 -1,013,173 + - + + + 21,246 17,213 13,464 15,572 292,700 r500,000 +3; -3, 500,000 + " 117,900 295,600 177,700 + + + 292,700 295,600 588,300 +1,042,107 + 617,336 + 315,297 8,266 - + + - - + + - + + + + - + * + 989,478 64 16,829 + + 16,412 - 55,973 20,334 113,238 + 116,112 - 49,529 17,039 44,919 47,575 63,912 124,853 7,499 184,552 685,979 19,870 30,301 1,431 734,719 623,912 1,504 927 445 - + - + + + + - + + 16,894 16,412 - - 20,541 93,602 131,825 20,334 38.6# .7# - 2.2$ 196,991 3,930 + 134,612 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 26, i960 (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 i n accordance with maximum m a t u r i t y of t h e 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 923,475 26,477 60 Acceptances 11,363 26,747 U. S. Government securities 815,090 6,271,150 12,729, 568 5,686,647 1,178,574 950,012 38,110 271,283 26,952,312 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 26, i960 St. Cleve PhilaRichmond Atlanta Chicago Louis New York delphia Boston land . (In thousands of dollars) B. 4 . 1 ( b ) Total ASSETS Gold c e r t i f i c a t e account Redemption fund for F. R. notes Total gold c e r t i f i c a t e reserves 17,195,642 797,750 4,632,700 980,991 58,426 210,032 982,869 1453,232 1040,553 858,413 2964,603 696,974 58,859 87,806 85x535 60,010 180,861 Kansas City Minneapolis 43,151 San Francisco Dallas 363,636 752,731 670,139 1982,042 26,296 44,674 32,051 93,290 18,176,633 856,176 4,842,732 1041,728 1541,038 1126,088 918,423 3145,464 740,125 389,932 797,405 702,190 2075,332 F.R. notes of other Banks Other cash 456,131 4o4,277 58,356 28,609 108,316 39,185 19,178 19,126 33,423 23,133 23,779 56,440 31,933 62,722 27,863 15,022 19,278 20,911 9,708 16,631 76,403 l4,146 18,981 16,778 52,167 68,320 Discounts and advances Acceptances: Bought outright U. S. Govt, s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 950,012 1,678 377,070 19,333 67,748 36,300 53,244 282,417 726 2,006 4o,526 10,828 58,136 - - - - - - - - - - T o t a l U. S. Govt, s e e s . Total loans & s e c u r i t i e s Due from foreign banks Cash items in process of c o l l e c t i o n Bank premises Other a s s e t s TOTAL ASSETS 38,110 38,110 - - - - - - - - 662,404 152,052 228,166 168,090 145,611 454,536 107,334 61,624 113,983 3,493,792 801,984 1203,439 886,573 768,017 2397,409 566,121 325,032 601,194 1,873,309 430,010 645,262 475,364 411,798 1285,447 303,543 174,277 322,350 57.636 106,606 619.532 142.211 213,398 157,210 136,188 425,117 100,386 1432,532 6,649,037 1526,257 2290,265 1687,237 l46l, 6l4 4562,509 1077,384 618,569 1144,133 26,656,712 2,655,650 14,006,993 7,510,298 2.483.771 142,715 752,736 403,603 133.478 295$ 500 295.600 —— — — — — -— —— —— — — 107,022 312,113 564,482 1646,214 302,665 882,670 100.096 291.913 1074,265 3132,910 —•» —— — 26,952.312 1432.532 6.944.637 1526.257 2290.26s 1687.237 l 4 6 l , 6 l 4 4562.509 1077.384 618.569 1144.133 1074.265 3132.910 27,940,434 1434,210 7,359,817 1545,590 2358,013 1723,537 1514,858 4844,926 1078,110 620,575 1184,659 1085,093 3191,046 15 1 1/4 5,610,159 106,785 346.692 379,744 966,684 18.719 86.158 3,982 9,506 1 1 1 1 2 (2) (2) 1 344,051 423,474 418,993 435,054 885,827 257,427 173,711 301,742 285,582 737,870 21.826 19.748 58.265 13.897 8.005 15.156 14.268 40,670 3,816 19.612 8,756 30.368 6,216 10,982 21,418 6,713 4,947 5,110 1 13,719 2 11,620 53,041,126 2779,797 13,449,620 3013,161 4414,199 3343,573 2987,439 9046,487 2130,572 1227,789 2334,850 2136,612 6177,027 1 / After deducting $11,000 participations of other Federal Reserve Banks. 2 / Less than $500. H.4.l(e) Total L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S.Treas.-gen.acct. 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 dividends TOTAL LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 26, I960 St. ClevePhilaRichmond Atlanta Chicago Louis Boston New York delphia land (In thousands of dollars) ~ Dallas San Francisco 27,621,884 1582,134 6,395,524 1782,397 2514,638 2134,139 1562,762 5218,351 1193,196 590,048 1121,890 812,979 2713,826 18,353,843 519A99 268,824 375,108 19,516,974 4,584,567 732,344 5,435,478 805,225 1353,770 753,774 915,890 2790,473 651,840 425,266 871,433 958,185 2660,165 78,600 40,505 33,782 22,691 45,761 70,180 28,760 26,387 38,570 33,740 63,511 36,712 12,593 733 782,382 350,213 1/85,069 -306,720 5,905,867 862,687 1412,054 13,364 35,466 8,481 11,565 5 'Si 2,076 790 955 3,297 457,745 977,091 2896,909 690,03b 791,327 776,123 291,736 366,037 356,555 377,431 744,893 202,934 921,914 1007,487 2011,475 149,670 235,253 242,315 491,407 1,183 1,746 1,825 5,282 1,959 13,585 2,170 4,058 2,286 2,192 6,632 1,584 44,502 51,767,927 2716^688 13,091^099 2938^990 4296^787 3284^307 2919^476 8866^785 2087,750 1190,646 2280,803 2064,606 6021,990 - CAPITAL ACCOUNTS C a p i t a l paid in Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Kansas City Minneapolis 404,394 774,808 -93, m 20,004 38,332 4,773 114,068 23,555 37,392 72,530 7,490 18,590 21,624 56,664 ^ x9,278 m^ 13,519 17,169 23,249 m 49,282 53,041,126 2779,797 13,449,620 3013,161 4414,199 3343,573 2987,439 9046,487 2130,572 1227,789 2334,850 2136,612 6177,027 Coating. liafcu on acceptforeign correspondents ±yb,99i <z/yo,x.-io XX,OO xo,;>x<-> u,u<-y < - 1 , ~ , ~ i t —,— FEDERAL RESERVE AGENTS' ACCOUNTS F . R. notes outstanding C o l l a t . f o r F. R. notes: Gold c e r t i f i c a t e a c c t . E l i g i b l e paper U. S. Govt, s e c u r i t i e s Total c o l l a t e r a l 28,852,976 1668,474 6,708,109 1842,425 2650,028 2203,955 1638,253 5344,970 1239,511 668,140 1158,362 862,441 2868,308 10,300,000 530,000 2,800,000 700,000 920,000 700,000 500,000 1900,000 410,000 180,000 300,000 260,000 1100,000 5,035 — — — — -— 39,624 44,659 1250,000 4,000,000 1200,000 1830,000 1550,000 1200,000 3700,000 935,000 510,000 870,000 625,000 2000,000 19,670,000 1780,000 6,800,000 1905,035 2750,000 2250,000 1700,000 5600,000 1345,000 690,000 1209,624 885,000 3100,000 30,014,659 2/ A f t e r deducting $140,855,000 p a r t i c i p a t i o n s of other Federal Reserve Banks.
@FedFRASER