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H.4.1 BOAED OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release April 10, 1958 WEEKLY AVERAGES OF MEMBER B A H RESERVES, RESERVE B A H CREDIT, AMD RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member "bank reserves for the week ending April 9 decreased $226 million to $18,300 million. Estimated required reserves decreased $182 million; and estimated excess reserves decreased $44 million to $ 6 5 1 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $ 5 6 1 million, compared with $ 5 5 1 million the week before. The principal changes reducing average reserves were decreases of $100 million in gold stock and $54 million in member bank borrowings, and increases of $125 million in "other" deposits with Federal Reserve Banks and $108 million in money in circulation. The principal offsetting changes were an increase of $103 million in Federal Reserve float and a decrease of $44 million in Treasury deposits with Federal Reserve Banks, Total Reserve Bank credit increased $52 million. As of Wednesday, April 9; holdings of U. S. Government securities bought outright and those held under repurchase agreement were unchanged from a week earlier, and member bank borrowings were $2? million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U, S, Government securities-Bought outright--System account Held under repurchase agreement Acceptances-Bought outright Held under repurchase agreement Loans, discounts, and advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Money 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-Required reserves (estimated) Excess reserves (estimated) Less than $500,000. Averages of daily figures Change from week ending For week ending April 9. 1958 April 2, 19581 April 10, 1957 (in millions of dollars) 23,628 + 3 39 - 1 — m — — 90 879 24,638 22,294 5,187 52,119 - 54 - 1 + 103 + 52 -10c + 3 - 45 30,744 729 479 269 493 1,106 33,819 +108 + 3 - 44 - 8 +125 - 3 +180 18,300 •17,649 651 -226 -182 - 44 * + - — — — — + - 588 222 14 1 -1 ,115 - - + - + - + - + - + - + 26 2 762 13 99 676 89 85 92 71 188 99 112 788 87% 86 For Wednesday Federal Reserve figures see STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED - attached. Latest Wednesday figures for other items appearing above are, in millions of dollars: Gold stock 22,295 Treasury cash holdings 735 Treasury currency outstanding 5,191 Member bank) - Required (est.) 1 7 , 6 6 6 Money in circulation 30,704 reserves ) - Excess (est.) 632 On April 9, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 3 , 2 6 7 million, a decrease of $34 million for the week and a decrease of $432 million from the comparable date a year ago. H»4«l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B A M S COMBINED (In thousands of dollars) Change since April 10, April 2, 1957 1958 April 9, 1956 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 Industrial loans Acceptances: Bought outright Held under repurchase agreement U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S« Government securities 20,848,392 853,062 21,701,45^ 440,189 431,766 139,033 497 - 100,001 - 2,580 102,581 + + 2,779 32,727 26,597 19 892,560 29,083 289 15,017 3,043 2.789,257 23,627,922 23,627,922 + - 182,200 405,655 670,768 + 26,610 + + 73,435 352 14,634 - 169,926 + + + - 7 47,138 9,790 99f525 331,905 26,527,677 - 12,603 + 80,711 18,297,862 481,976 252,563 406,957 19,439,358 3,687,850 17,997 49,672,882 - 67,667 + + + - 120,741 26,763 24,406 190,765 20,115 1,099 182,154 + + + - 624,185 105,625 81,498 98,691 501,367 77,942 1,130 343,844 350,039 138 + + 61,605 27,543 189,015 51,048,677 12,090 169,926 - 68,644 331,905 23,806,875 15 4,379,915 85,967 202,496 51,048,677 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS t74,166 W + 587,855 +8,583,906 -8,571,413 12,493 + 587,855 19,946,105 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 73,999 -1,088,108 + 39,423 Total loans and securities Due from foreign "banks Uncollected cash items Bank premises Other assets TOTAL ASSETS + +_ + + + 809,198 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 18,978 47.2# 139,439 1,005 2,624 20 15 i%, MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 9, 1958 (Acceptances and securities held under repurchase agreement are classified^ae maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Discounts and advances 136,997 1,989 47 139,033 Industrial Acceptances loans 13,158 137 170 26,265 87 103 597 U. S. Government securities 146,050 746,510 20,285,201 1,035,304 56,610 397423 1.358,247 23,627,922 E.4.1(b) Total A S S E T S STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1958 St, ClevePhilaBoston Richmond Atlanta Chicago New York delphia Louis land (In thousands of dollars} 857,644 3668,799 Minneapolis 843,912 Kansas City 438,500 854,294 Dallas San Francisee 731,528 2436,699 20,848,392 943,104 853,062 54,723 21,701,454 997,827 F.R. notes of other Banks Other cash 440,189 431,766 20,640 30,844 118,941 88,312 27,358 26,585 44,114 41,116 36,424 25,669 69,408 31,331 31,352 72,461 7,928 23,109 17,687 10,895 6,146 13,245 27,937 17,229 32,254 50,970 Discounts and advances Industrial loans Acceptances-Bought outright U. S. Govt, securities: Bought outright-Bills Certificates Notes Bonds Total Held under repurchase agreement 139,033 497 8,015 327 33,860 7,875 150 30,916 7,880 6,276 34,197 250 700 20 7,989 900 175 Gold certificate account Redemption fund for F« R. notes Total gold certificate reserves 5,957,190 1117,064 1771,137 1228,521 176,410 58,687 77,405 75,993 47,809 154,690 42,694 21,911 41,033 28,052 73,655 6,133,600 1175,751 1848,542 1304,514 905,453 3823,489 886,606 460,411 895,327 759,580 2510,354 39,423 39,423 892,560 225,076 48,599 19,946,105 1086,025 79,014 58,099 45,416 155,912 5,029,769 1146,582 1765,729 1298,332 1014,918 3484,186 36,411 18,777 38,097 34,962 100,890 813,681 419,606 851,360 781,309 2254,608 2,789,257 151,869 23,627,922 1286,493 703,361 160,338 246,919 181,558 141,926 487,227 5,958,206 1358,227 2091,662 1537,989 1202,260 4127,325 113,785 963,877 58,678 119,054 497,061 1006,511 109,258 315,284 925,529 2670,782 Total U. S. Govt, sees. 23,627,922 1286,493 5,958,206 1358,227 2091,662 1537,989 1202,260 4127,325 963,877 497,061 1008,511 925,529 2670,782 Total loans & securities 23,806,875 1294,835 6,031,489 1366,252 2122,578 1545,869 1208,536 4l6l,522 964,127 497,781 1016,500 926,429 2670,957 Dye from foreign banks Uncollected cash items Bank premises Other assets 15 4,379,915 85,967 202,496 TOTAL ASSETS 51,048,677 1 323,995 4,906 10,758 1/4 775,846 10,648 50,046 51,307 1 315,429 4,446 11,355 1 369,356 9,772 17,957 1 2 1 2 / 1 1 1 368,960 731,868 182,898 117,Bl4 220,794 195,000 427,227 6,408 5,357 4,918 6,708 11,358 7,402 7,142 6,902 8,057 4,244 8,952 8,698 22,512 10,353 36,635 12,929 2683,806 13,208,886 2927,177 4453,436 3283,036 2601,444 8864,471 2079,134 1114,189 2165,883 1941,582 5725,633 1/ After deducting $11,000 participations of other Federal Reserve Banks, 2/ than $500, DigitizedLess for FRASER 1 350,728 H.1(c) 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 availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,527,677 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1958 St. ClevePhilaRichmond Atlanta Chicago Boston New York Louis delphia land (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco 1568,286 6,296,886 1662,653 2496,407 2074,691 1239,405 5143,762 1180,298 530,046 1051,473 712,772 2570,998 18,297,862 681,789 5,435,413 847,620 1439,562 798,820 926,382 2834,724 665,984 420,369 825,065 927,872 2494,242 481,976 252,563 406,957 19,439,358 37,196 13,623 jcj 323 732,931 66,648 39,916 16,491 JO 9 wj ""346,800 13,085 5,929,022 917,112 1/80,961 36,390 21,271 1MB f xy 3.719 29,199 10,755 2,044 55,023 34,177 1.169 2925,093 36,902 12,189 ^ 1498,641 851,630 968,380 39,346 12,428 1,284 u- # 60,749 696,088 20,717 41,351 5,736 9,321 205 j 1»192 x.» 447,047 876,929 980,930 2614,755 176,774 387,000 18,539 8,643 2,722 c-, \ 3,687,850 301,649 599,728 251,930 333,479 282,571 328,409 592,978 149,006 102,322 182,004 17,997 1.047 4.593 895 2,462 912 774 2.958 584 660 632 350,039 809,198 27,543 189,015 17,827 47,013 102,960 223,963 55,923 21,423 41,236 17,134 47,850 36,192 121,504 11,802 31,586 3,011 12.042 7,319 43.615 4,489 12.752 33,002 71,550 3,349 12.698 762 10,388 7,563 19,697 1,073 5,781 30,533 1,137 9,019 26,768 32,996 783 , 1,697 49,672,882 2603,913 12,831,029 2832,590 4330,959 3209,804 2536,968 8664,791 2025,976 10^0,075 2111,038 1871,259 5574,450 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Stlrplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 1,006 16.889 15,949 1,429 28.897 521 9.249 14,156 19,723 40,871 1,307 8,422 40,650 89,130 2,140 19.263 51,048,677 2683.806 1 3 , 2 0 8 . 8 8 6 2927.177 4453.436 3283.036 2601.444 8864,471 2079,134 1114,189 2165,803 1941,582 5725.633 139,439 1,005 7,951 2/39,278 9,625 12,415 7,115 6,278 19,948 5,162 l4 51 — —• FEDERAL RESERVE AGENTS' ACCOUNTS 1729,709 2596,195 2140,012 1298,762 5244,147 1225,647 3,348 5,441 940 7,254 15,624 545,526 1073,216 755,981 2694,498 F. R. notes outstanding 27,558,067 1645,559 6,608,915 Collat. for F. R. notes: Gold certificate acct. 12,058,000 700,000 3,270,000 640,000 1130,000 825,000 425,000 2400,000 430,000 155,000 300,000 283,000 1500,000 7,989 —— ~mm 7,875 — — — —' «•— 2^0 Eligible paper 16,ll4 U. S. Govt, securities 17,145,000 1150,000 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 875,000 425,000 820,000 525.000 1500,000 Total collateral 29,219,114 1850,000 6,870,010 1847,875 2730,000 2175,000 1425,000 5500,000 1305,250 580,000 1127,989 808,000 3000,000 l/ After deducting $171,602,000 participations of other Federal Reserve Banks, 5/ After deducting $100, 161,000 participations of other Federal Reserve Banks.
@FedFRASER