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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release April 17, 1958 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 member bank reserves for the week ending April l6 increased $69 million to $18,369 million. Estimated required reserves increased $48 million; and estimated excess reserves increased $21 million to $653 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $454 million, compared with $542 million the week before. The principal changes supplying average reserves were an increase of $109 million in member bank borrowings, and decreases of $112 million in "other" deposits with Federal Reserve Banks and $22 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $95 million in gold stock and $50 million in Federal Reserve float, and an increase of $50 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $63 million* As of bought outright securities held bank borrowings Wednesday, April 16, holdings of U. S. Government securities were $76 million higher than a week earlier, U. S. Government under repurchase agreement were $92 million higher, and member were $157 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 For week ending Change from week ending April l6, 1958 April 9, 1958 IApril 17, 1957 (In millions of dollars) 23,611 22 40 - 17 + 22 + 465 - 114 + + - - 1 - - +109 199 * — — 829 24,701 22,199 5,192 52,092 + + - 30,733 731 457 319 381 1,104 33,723 - 11 + 2 - 22 + 50 -112 - 2 18,369 17,716 653 • - 50 63 95 5 27 96 + 69 + 48 + 21 15 1 -1,020 26 - 138 - 819 - 114 + 103 - 831 + + - 52 77 21 25 8l 99 92 - 738 - 840 + 102 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 22,170 Treasury cash holdings 727 Treasury currency outstanding 5,192 Member bank) - Required (est.) 18,106 Money in circulation 30,668 reserves ) - Excess (est.) 764 On April 16, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,217 million, a decrease of $50 million for the week and a decrease of $532 million from the comparable date Digitized FRASER a for year ago. H.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) ASSETS 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 U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS LIABILITIES Federal Reserve notes Deposits: Member bank reserves tL S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section J) Surplus (Section 13b) Other capital Accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R» note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments Change since April 17, April 9, 1958 1957 April 16, 1958 20,738,391 850,776 21,589,167 439,208 426,231 296,440 498 39,429 968,610 19,946,105 + + + 110,001 2,286 112,287 981 5,535 157,407 1 6 + 76,050 - - - 2,789,257 23,703,972 92,000 23,795,972 24,132,339 15 5,769,433 86,239 217,137 52,659,769 26,487,791 18,869,922 393i 585 259,037 383,854 19,906,398 4,859,707 17,921 51,271,817 350,174 809,198 27,543 201,037 52,659,769 - — + 76,050 4- + 92,000 168,050 + 325,464 -- +1,389,518 + + 272 14,641 - 39,886 +1,611,092 + - + - 572,060 88,391 6,474 23,103 467,040 +1,171,857 76 +1,598,935 135 - + + - + 41,002 4,870 45,872 51,268 38,428 512,606 285 14,519 534,505 +8,583,906 -I3,571,413 12,493 + 534,505 + , 22,700 + ,557,205 + 58*833 7 + 92,296 + 9,554 +, 101,793 + , 306,293 + - + 36*755 44,637 9,510 100,968 + 83,962 52,133 + 309,605 590 + 293,637 - + + + 18,845 61,605 +1,611,092 12^022 67,794 +_ 306,293 4,l6l 2 72,392 953 46.5# 135,278 1,003 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL l6, 1958 (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 Discounts and Industrial securities advances Acceptances loans Within 15 days 295,080 136 17,320 339,900 l6 days to 90 days 181 1,325 22,109 720,710 91 days to 1 year 87 20,285,201 35 Over 1 year to 5 years 94 1,035,304 Over 5 yearn to 10 years 56,610 Over 10 years -1,358,247 Total 296T55o 39,429 23.795,972 m H.4.1(b) Total STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAHK OH APRIL 16, 1251 Phila- CleveSt. Boston J New York j delphia land Richmond Atlanta Chicago Louis (In thousands of dollars) Minneapolis Kansas City Dallas San Francisee ASSETS Gold certificate account 20,738,391 932,791 5,763,632 1135,795 1760,774 1213,136 832,380 3661,444 849,779 434,584 867,638 758,155 2528,283 Redemption fund for F. R. notes 850,776 54,604 175,907 58,472 77,200 75,376 47,700 154,474 42,626 21,881 40,985 28,013 73,538 Total gold certificate Teserves 21,589,167 987,395 5,939,539 1194,267 1837,974 1288,512 880,080 3815,918 892,405 456,465 908,623 786,168 2601,821 F.R* notes of other Banks Other cash 439,208 426,231 24,238 30,871 115,691 87,771 29,576 27,145 43,885 42,552 32,179 25,944 Discounts and advances Industrial loans Acceptances-Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Botes Bonds Total Held under repurchase agreement 296,440 498 10,120 327 107,475 3,325 152 18,155 5,010 Total U. £U Govt, sees. 39,429 68,936 32,961 9,516 21,514 16,648 10,121 7,058 13,384 29,092 18,277 31,215 51,917 14,680 114,847 6,800 2,500 19 13,003 400 125 67,149 27,799 39,429 968,610 52,740 244,253 55,679 85,746 63,049 49,285 169,197 39,514 20,376 41,343 37,941 109,487 19,946,105 1086,025 5,029,769 1146,582 1765,729 1298,332 1014,918 3484,186 813,681 419,606 851,360 781,309 2254,608 703,361 160,338 246,919 181,558 141,926 487,227 113,785 58,678 119,054 109,258 315,284 2,789,257 151,869 23,703,972 1290,634 5,977,303 1362,599 2098,394 1542,939 1206,129 4140,610 966,980 498,660 1011,757 92b,500 2679,379 92,000 92,000 23,795,972 1290,634 6,069,383 1362,599 2098,394 1542,939 1206,129 4l40,6l0 966,980 498,660 1011,757 928,508 2679,379 Total loans & securities 24,132,339 1301,081 6,216,287 1366,076 2116,549 1547,949 1220,809 4255,457 973,780 501,179 1024,760 928,908 2679,504 Due from foreign banks Uncollected cash items Bank premises Other assets 1 1/4 1 1 1 1 2 1 2 / 1 1 1 15 5,769,433 393,834 1,1417535 346,738 484,417 435,788 505,530 1014,783 233,535 147,882 261,500 266,094 537,797 4,906 10,648 4,446 9,760 6,902 86,239 7,403 7,424 6,408 5,357 4,918 6,709 11,356 53.601 12.192 19.066 13.888 11,095 39.247 4.568 9.581 9.473 24,126 8,656 217,137 11.644 TOTAL ASSETS 52,659,769 2753,970 13,565,076 2980,441 4554,204 3351,163 2719,866 9234,728 2145,815 1142,220 2229,825 2044,722 5937,739 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. H.4. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAMC ON APRIL 16, 1958 Total Boston New York Richmond Atlanta Chicago (In thousands of dollars) LIABILITIES 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 ^ ^ s ^ty" DallaS Fr^Ssco 26,487,791 1564,722 6,293,511 1659,107 2491,787 2067,033 1239,349 5135,190 1178,567 534,678 1047,924 710,707 2565,216 18,869,922 726,084 5,538,209 884,696 1463,592 807,041 939,573 2966,866 688,801 420,780 867,768 978,584 2587,928 55,462 26,778 26,271 22,669 20,596 30,966 23,890 15,138 34,203 35,954 89,763 393,585 11,895 14,421 1/77,383 17,457 22,517 12,903 11,385 36,179 9,361 6,072 9,867 13,156 28,336 259,037 664 332,266 9,746 933 3,502 1,568 1,153 1,799 4o8 1,030 1,272 29,513 383,854 19,906,398 753,064 6,003,320 938,677 1513,313 846,115 973,122 3035,164 723,851 442,398 912,868 1028,966 2735,540 4,859,707 354,597 882,532 286,522 423,340 363,203 441,391 859,611 189,284 130,135 213,109 233,311 482,672 1,068 4,708 849 2,200 822 869 2,895 550 666 604 944 1,746 17,921 51,271,817 2673,451 13,184,071 2085,155 4430,640 3277,173 2654,731 9032,860 2092,252 1107,877 2174,505 1973,928 5785,174 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 350,174 , 809,198 27,543 201,037 17,828 102,959 47,013 223,963 12,667 46,764 3,011 21,423 7,319 33,014 55,923 71,550 13,451 17,994 4,489 1,006 15,950 17,211 47,854 41,236 36,192 121,504 13,455 10,970 3,349 762 1,429 31,081 11,802 7,569 19,755 40,650 19,697 30,533 40,871 89,130 9,654 6,004 9,491 8,861 20,64? 521 1,073 1,137 1,307 2,l4o 52.659,769 2753,970 13,565,076 2980,441 4554.204 3351,163 2719,866 9234,728 2145,815 1142,220 2229.825 2044,722 5937,739 135,278 1,003 7,610 — — 2/39,425 9,211 11,881 6,808 6,007 12 51 FEDERAL RESERVE AGENTS' ACCOUNTS —— 19,091 4,940 3,204 F. R. notes outstanding 27,549,193 1644,180 6,620,320 1729,431 2589,392 2139,663 1294,154 5239,687 1220,796 549,541 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 —— 3,325 ~ — ** —— •• 6,800 —— Eligible paper 23,128 U. S. Govt, securities 17,145,000 1150,0(>0 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 875,000 425,000 Total collateral 29,226,128 1850,000 6,870,000 1843,325 2730,000 2175,000 1425,000 5500,000 1311,800 580.000 1/ After deducting $181,654,000 participations of other Federal Reserve Banks. 2/ After deducting $95,853,000 participations of other Federal Reserve Banks. 14,159 31,586 5,207 940 6,942 14,952 •• 1074,120 757,510 2690,399 300,000 283,000 1500,000 — — — 13,003 — 820,000 525,000 1500,000 1133,003 808.000 3000.000
@FedFRASER