H.4.1 Factors Affecting Reserve Balances of Depository Institutions

F E D E R AL R E S E R VE Factors Affecting Bank Reserves and For immediate release Condition Statement of F.R. Banks November 30, 1961 The average of daily figures of total member bank reserves held during the week ended November 29 decreased a net of $l6 million to $19,879 million. Cash allowed as reserves increased $117 million and member "bank reserve "balances at the Federal Reserve Banks decreased $133 million. Estimated required reserves decreased $88 million; and estimated excess reserves increased $72 million to $670 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $569 million, compared with $^08 million the week before. The principal changes reducing average reserve balances with Federal Reserve Banks were decreases of $2$1 million in Federal Reserve float and $21^ million in gold stock, and an increase of $1$3 million in currency in circulation. The principal offsetting changes were an increase of $286 million in Federal Reserve holdings of U. S. Government securities, and decreases of $^0 million in Treasury deposits with Federal Reserve Banks, $99 million in foreign deposits with Federal Reserve Banks, and $38 million in "other" deposits with Federal Reserve Banks. Total Reserve Bank credit increased $4s million. As of Wednesday, November 29, holdings of U. S. Government securities oought outright were $77 million higher than a week earlier, U. 8. Government securities held under repurchase agreement were $185 million lower, and member bank borrowings were $326 million lower. Averages of daily figure S Member bank reserves, Week ended Change from week ended Wednesday, Reserve Bank credit, Nov. 29, Nov. 22, Nov . 30, Nov. 29, and related items 1961 1961 I960 1961 (In millions of dollars) Reserve Bank credit: U. S. Government securities- Bought outright--System account 28,760 +299 +1 ,153 28,775 Held under repurchase agreement Ilk - 13 + 98 -- Acceptances-- Bought outright 4o - 1 - 9 4i Held under repurchase agreement * Discounts and advances-- Member bank borrowings 101 + 11 12 49 Other 2 — - 6 2 Float 1>92 -251 4- 264 1,227 Total Reserve Bank credit 30,510 + 45 +1 ,468 30,094 Gold stock 16,975 -215 - 982 16,976 Treasury currency outstanding 5,58/6- + 1 + 195 5,588 53,07%% - -169 + 702 52,658 Currency in circulation 33, 50^3. +153 -f 864 33,499 Trecrury cash holdings 415 + 1 + 1 428 Tre&rrjry deposits with F. R. Banks 456 - 50 - 4 504 Foreign deposits with F. R. Banks 210 - 99 - 48 221 Other deposits with F. R. Banks 213 - 38 - 174 204 Other F. R. accounts (net) l, 143 - 1 + 72 1,145 35,94xo. - 34 + 711 36,001 Member bank reserves: With Federal Reserve Banks 17,132 -133 9 16,657 O&sh allowed as reserves (estimated) 1 2,747 +117 + 210 3,081 Total reserves held 19,879 - 16 201 19,738 Required reserves (estimated) 19,209 - 88 + 728 19,267 Excess reserves (estimated) 670 + 72 527 471 * Less than $500,000. Federal Reserve Banks for foreign account were $^,8W million, an increase of million for the we^k and an in ore a, of $4l4 million from bhe comparable date a year ago.

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS (In millions of dollars) Change since Nov. 29, Nov. 22, Nov. 30, 1961 1961 I960 A S S E TS Gold certificate-account 15,584 - 11 1,010 Redemption fund for F. R. notes 1,126 + 8 + 110 Total gold certificate reserves 16,710 - 3 - 900 Cash (363) 347 11 8 Discounts and advances 51 - 326 - 50 Acceptance s--bought outright 4l + 1 - 7 U. S. Government securities: Bought outright— Bills 3,499 + 77 4- 329 Certificates 1,692 —— 7,481 Notes 19,892 +7,355 Bonds 3,692 •»— +1,086 Total bought outright 28,775 + 77 +1,289 Held under repurchase agreement - 185 • 2 Total U. S. Government securities 28,775 - 108 +1,287 Total loans and securities 28,867 433 +1,230 - Cash items in process of collection (1,067) 4,797 399 + 348 Bank premises 110 - 1 + 3 Other assets 179 * 14 22 TOTAL ASSETS (1,430) 51,010 - 833 + £95 L I A B I L I T I E S Federal Reserve notes ((336633)) 2288,,442200 - 22 + 771166 Deposits: Member bank reserves 16,657 - 693 - 113 U. S. Treasurer—general account 504 + 61 - 8 Foreign 221 * 9 - 31 Other 204 10 - 186 Total deposits 17,586 - 633 - 338 Deferred availability cash items (1,067) 3,570 - 194 + 216 Other liabilities and accrued dividends 75 - 2 + 28 TOTAL LIABILITIES (1,430) 49,651 851 + 622 - C A P I T AL A C C O U N TS Capital paid In" 433 «•> — + 26 Surplus 817 — — 42 Other capital accounts 109 + 18 •f 5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS (1,430) 51,010 833 + 695 ~ Ratio of gold certificate reserves to deposit and F. R. note liabilities combined (computed from figures as shown on the following pages—not consolidated) 3366..00## + ..44$$ - 22..33## Contingent liability on acceptances purchased for foreign correspondents 111 1 116 - - W JC w—. w V U. v/4.4. o JUH^XAV, U.XA U4-0.V, W WUDWXJLUOU Aiig JJA UVCDDj see comparable figures on combined basis on following pages- MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 29, 1961 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U. S. Government securities Discounts and Changes advances Acceptances Holdings during week Within 15 days ~ 53 g 283 -232 16 days to 90 days 33 6,662 +245 91 days to 1 year 10,393 -121 Over 1 year to 5 years 8,976 Over 5 years to 10 years 2,213 Over 10 years 2 48 Total 51 51 28,775 "^loB

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 29, 196l Total Boston N Y e o w rk d P el h p i h la ia - C l l a e n v d e - m R o ic n h d - Atlanta Chicago L S ou t. is M ap i o nn li e s - K C an it s y a s Dallas F S ra an n cisco A S S E TS (In millions of dollars) G Re o T d ld e o m c ta e p l r t g i t o o i n f l d i f c u a n c d t e e r f t a i o f c r i c c o F a u . t n e R t . r e n s o e t r e v s es 1 1 1 6 5 , , , 1 7 5 2 1 8 6 0 4 8 7 2 6 5 1 5 6 , 3 3 , , 9 6 2 2 4 8 4 3 1 8 9 8 5 7 2 4 2 l 1 , , 4 31 l 9 4 9 5 1 1 , , 2 1 1 2 8 2 4 8 8 7 6 7 9 9 2 7 2 2 , , 8 6 1 3 3 9 2 9 3 6 7 4 6 1 6 8 4 3 3 5 2 2 4 8 6 7 7 4 9 5 5 6 1 6 6 4 1 q 5 0 q 2 2 , , 1 0 1 7 6 0 5 7 8 F O . t R he . r n ca o s t h e s of other Banks 3 3 6 4 3 7 2 2 1 1 9 7 9 3 1 1 8 9 2 1 5 1 2 1 2 9 5 2 6 7 2 6 6 0 1 2 1 0 16 9 1 1 7 1 1 2 5 3 4 4 2 9 A D c is c c e o p u ta n n ts c e an s: d advances 51 4 9 3 * 6 5 6 1 2 13 * 2 Bought outright 4l 4l U. S. Government securities: -- - - -- - - -- Bought outright-- Bills 3,499 186 865 202 297 222 192 598 l4l 75 153 142 426 Certificates 1,692 90 419 98 143 107 93 289 68 36 74 69 206 Notes 19,892 1,059 4,919 1,149 1,687 1,259 1,094 3,399 803 426 867 808 2,422 He B ld o T n u d o n s t d a e l r repurchase agreement 2 3 d, , 6 H 9 5 2 1,5 1 3 9 2 7 7,1 9 1 1 6 3 1,6 2 6 1 2 3 2,4 3 4 1 0 3 1,8 2 2 3 1 3 1,5 2 8 0 2 3 4,9 6 1 3 7 1 1,1 1 6 4 1 9 61 7 6 9 1,2 l 5 6 5 l 1,1 1 6 5 9 0 3,5 4 0 5 4 0 Total U. S. Government securities 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 Total loans and securities 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 Cash items in process of collection Bank premises 5,864 437 1,093 364 473 4l6 431 989 285 183 285 255 653 Other assets 110 4 9 4 8 6 13 24 7 5 6 13 11 179 10 43 10 16 11 10 30 7 4 8 8 22 TOTAL ASSETS 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 *Less than $500,000.

H. 4. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER' 29, 196l San New Phila- Cleve- Rich- St. Minne- Kansas Total Boston Atlanta CChhiiccaaggoo Dallas Fran- York delphia land mond Louis apolis City cisco ((IInn millions of dollars) LL II AA BB II LL II TT II EESS Federal Reserve notes 28,783 1,691 6,562 1,868 2,596 2, 330 1,671 5,295 1,244 574 1,179 857 2,916 Deposits: Member bank reserves 16,657 676 44,,335544 772244 1,227 733 833 22,,552244 663322 440066 888844 928 2,736 U.S. Treasurer-general account 504 33 64 42 28 50 34 72 33 22 42 35 49 Foreign 221 11 1/ 66 13 20 10 11 30 7 5 9 13 26 Other 204 1 155 1 1 3 1 1 * * 1 1 39 Total deposits 17,586 721 4,639 780 1,276 796 879 2, 627 672 433 936 977 2,850 Deferred availability cash items 4,637 368 818 304 382 320 365 756 240 149 214 214 507 Other liabilities and accrued .dividends... 75 4 18 4 7 4 4 12 3 2 4 3 10 TOTAL LIABILITIES 51,081 2,784 12,037 2,956 4,261 3,450 2,919 8,690 2,159 1,150 2,333 2,051 6,203 CAPITAL ACCOUNTS Capital paid in 433 21 118 25 40 20 24 61 15 10 18 25 56 Surplus 817 40 229 48 75 37 44 116 27 19 35 47 100 Other capital accounts 109 5 23 5 11 6 6 17 5 2 5 5 19 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 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 Contingent liability on acceptances purchased for foreign correspondents 111 5 22//3311 6 10 5 6 16 4 3 5 6 1144 FEDERAL RESERVE AGENTS' ACCOUNTS ft R. notes outstanding 30,049 1,749 6,940 1,941 2,735 2,398 1,738 5,427 1,299 653 1,210 912 3,047 Collateral for F. R. notes: Gold certificate account 8,545 495 l, 500 570 870 775 475 1,700 4oo 160 325 275 1,000 Eligible paper 17 - - 3 -- - - - - -- 1 -- 13 - — -- U. S. Government securities 22,475 1,325 5,600 1,500 1,950 1, 655 1, 300 3,900 960 510 900 675 2,200 Total collateral 31,037 1,820 7,100 2,073 2,820 2, 430 1,775 5,600 1,361 670 1,238 950 3,200 1/ After deducting $155 million participations of other Federal Reserve Banks. 2/ After deducting $ 80 million participations of other Federal Reserve Banks. * ^ess than $500,000.