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H.4.1 * BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release April 2, 1959 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 ended April 1 decreased $235 million to $18,323 million. Estimated required reserves decreased $234 million; and estimated excess reserves decreased $1 million to $473 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $139 million, compared with $126 million the week before. The principal changes reducing average reserves were increases of $173 million in "other" deposits with Federal Reserve Banks, $69 million in foreign deposits with Federal Reserve Banks, and $67 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of ^ $37 million in Federal Reserve float and a decrease of $37 million in other F.R. accounts (net). Total Reserve Bank credit increased $28 million. As of Wednesday, April 1, holdings of U. S. Government securities bought outright were $26 million higher than a week earlier, U. S. Government securities held under repurchase agreement were $22 million lower, and member bank borrowings were $232 million lower. 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 Loans, discounts, and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Week ended Change from week ended Wednesday March 25, April 2, April 1, April 1, 1959 1958 1959 1959 (In millions of dollars) 25,462 32 30 +1,837 + 32 10 25,478 612 18 998 27,151 20,442 5,247 52,840 + 468 + 17 + 222 +2,565 -1,952 + 63 + 676 340 18 853 26,719 20,442 5,247 52,408 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) 31,22* 71-3-7 523 364 512 + Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 30 + + 144 72 357517 T~m 31,211 715 534 297 380 1,179 34,316 18,323 17,850 473 + - 203 20 223 18,092 17,813 279 1,181 + 588 11 87 On April 1, 1959, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,606 million, a decrease of $204 million for the week and an increase of $305 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) April 1, 1959 LIABILITIES 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - 4 289 293 13,762 6,766 - 231,871 1,552 1,477,000 18,649,726 + 584,440 -1,296,379 +2,867,565 26,000 22,000 +1,850,140 2,867,565 ?=• 25,478,062 + 25,478,062 + 25,865,313 15 5,225,495 94,920 163,699 52,075,808 -2,008,503 + 64,945 -1,943,558 + 4,894 46,466 + 244,829 473 9,448 26,000 O Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 18,939,890 920,587 19,S5O>77 447,862 418,027 357,265 5 29,981 81 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 Change since April 2, March 25, 1958 1959 +1,850,140 229,423 +2,085,048 95,879 102 12,544 141,923 + + 772,145 9,305 24,163 857,205 26,962,785 + 16,361 + 422,505 18,092,427 533,867 297,290 379,996 19,303,580 4,372,090 26,154 50,664,609 - 101,850 + 17,250 42,931 + 8,381 - 119,150 11,252 3,005 -117,046 - 273,102 + 17,964 : 2*555 - 326,543 + 704,355 + 9,256 + 809,573 374,790 868,410 167,999 52,075,808 + + 348 - -1/+ 25,225 ~ 141,923 68,850 24,889 31,669 8,926 + 857,205 Ratio of gold certificate reserves to deposit 4.3# 42.9# and F. R. note liabilities combined Contingent liability on acceptances purchased 76,352 243 60,463 for foreign correspondents 665 360 Industrial loan commitments 1/ Met change after elimination of Sec, 13b surplus of $27,543,000 on Sept. 2, 19?o MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 1, 1959 (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 Acceptances loans advances 252,600 8,518 1 330,610 Within 15 days 1,043,100 21,463 16 days to 90 days 3 26,557 18,831,026 1 91 days to 1 year 98 3,881,179 Over 1 year to 5 years 206,495 Over 5 years to 10 years -1463*662 Over 10 years 25,478,062 29,981 Total 357,265 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL I, 1959 St. ClevePhilaRichmond Atlanta Chicago New York Boston Louis land delphia (In thousands of dollars) H.4.1(b) Total ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves Minneapolis Kansas City San Francisco Dallas 18,939,890 888,587 5,085,424 1079,443 1687,117 1032,833 890,163 3275,987 734,113 450,959 756,225 701,452 2357,587 920,587 56,291 19,860,477 944,878 192,502 58,128 85,715 79,287 5,277,926 1137,571 1772,832 1112,120 22,735 42,972 945,800 3446,312 778,076 473,694 799,197 12,867 26,857 13,483 11,281 6,018 13,722 19,437 16,529 42,594 55,724 10,276 15,832 5 66,522 7,881 2,871 447,862 418,027 33,109 32,708 105,932 70,603 20,419 19,875 31,610 41,846 45,698 25,186 86,165 31,771 30,530 71,925 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 357,265 18,268 37,453 16,762 6,192 25,535 21,942 127,731 -- - - 5 29,981 80,075 1,477,000 18,649,726 1011,095 2,867,565 155,465 2,483,771 134,658 25,478,062 1381,293 - - 84,228 127,876 371,690 4,693,241 1063,519 1614,656 721,628 163,526 248,268 625,046 141,639 215,040 6,411,605 1452,912 2205,840 83,619 43,963 F.R. notes of other Banks Other cash 29,981 29,413 170,325 55,637 - - " 60,070 77,844 255,598 94,657 758,484 1195,224 982,915 3227,372 183,777 151,132 496,238 116,624 159,180 130,905 429,821 101,015 1632,83% 1342,79b 4409,029 1036,193 730,865 2441,206 - - - - 33,641 424,785 65,315 ^6,573 63,666 803,897 123,606 107,063 58,953 168,702 744,385 2130,153 114,456 327,530 99,137 283,694 580,314 1098,232 1016,931 2910,079 Total U. S. Govt, sees. 25.478,062 1381,293 6.411,605 1452.912 2205,840 1632,838 1342,796 4409,029 1036.193 580,314 1098,232 1016,931 2910,079 Total loans & securities 25,865,313 1399,561 6,479,039 1469,674 2212,032 1658,373 1364,738 4536,760 1046,469 596,151 1164,754 1024,812 2912,950 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 5,225,495 94,920 163,699 1 1/4 1 l l 359,444 4,601 9,036 1,057,789 10,240 40.113 355,415 4,178 9,106 470,613 9,399 14,504 390,728 6,945 10,392 2 415,537 847,107 9,443 12,555 9,598 27,371 1 214,810 6,950 6,801 2/ 131,955 5,187 3.700 1 1 1 254,290 4,743 235,353 8,149 492,454 12,530 7,878 6,632 18,568 52,075,808 2783,338 13,041,646 3016,239 4552,837 3249,443 2863,053 8972,562 2092,831 1235,451 2250,603 2041,778 5976,027 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 1 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON IIPRIL 1, 1L959 St. PhilaCleveRichmond Atlanta Chicago New York Boston Louis delphia land E.4.1(c) Total Tin 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 Minneapolis Kansas City Dallas San Francisco 26,962,785 1561,032 6,299,892 1695,043 2473,417 2043,680 1436,765 5149,762 1195,711 598,571 1086,530 762,925 2659,457 18,092,427 533,867 297,290 379,996 742,065 5,051,834 885,517 1476,594 751,523 948,221 2785,627 634,477 453,958 826,558 951,852 2584,201 37,251 16,500 351 "796,157 19,303,580 88,692 1/81,290 45,422 19,800 29,743 27,000 "318,498 4,615 872 5,540,314 955,354 1534,209 39,733 77,551 23,438 24,292 3,873 810,129 1,563 788 992,874 2908,366 512 669,527 364,300 700,741 15,000 4,372,090 345,187 809,708 271,215 414,789 321,233 26,154 1.439 6.351 1,341 2,817 1.353 374,790 868,410 167,999 18,439 50,116 10,958 108,300 238,902 38.179 22,197 59,607 11,482 35,721 76,643 15,241 16,790 44,846 11,412 28,990 14,100 11,100 7,200 51,703 37,393 49,659 438 485,868 11,700 15,600 2,972 1,020 44,494 892,933 1005,865 2711,954 171,995 115,195 213,584 199,198 444,945 4,462 949 1,138 1,130 1,032 2,693 18,951 51,582 39,474 132,159 9.240 25,490 12,604 33,746 8,299 8,582 20,785 5,292 15,ja© 32,935 8,163 21,753 43,436 7,569 44,543 95,761 16,674 1,449 44,400 33,600 50"75£4,1>09 2703,825 12,656,265 2922,953 4425,232 3176,395 2795,388 8763,331 2038,182 1200,792 2194,177 1969,020 5819,049 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 52,075,808 2783,338 13,041,646 3016,239 4552,837 3249,443 2863,053 8972,562 2092,831 1235,451 2250,603 2041,778 5976,027. 60,463 360 3,327 2/16,903 3,993 5,445 3,025 2,843 8,954 2,239 20 1,452 2,360 3,146 6,776 340 FEDERAL RESERVE AGENTS' ACCOUTRE F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral "^41^75435 612,697 1111,454 816,942 2797,990 580,000 2,920,000 640,000 920,000 700,000 475,000 2000,000 430,000 200,000 300,000 290,000 1300,000 15,600 — — — — 9,625 — 65,836 91,061 1150,000 4,000,000 1200,000 1750,000 1500,000 1100,000 3500,000 935,000 425,000 850,000 575,000 1700,000 18,685,000 29,531,061 1730,000 6,920,000 1855J600 2670,000 2200,000 1575,000 5500,000 1374,625 625,000 1215,836 865,000 3000,000 10,755,000 1/ After deducting $216,000,000 participations of other Federal Reserve Banks 2/ After deducting $43,560,000 participations of other Federal Reserve Banks. 1499,777"5261,576 1235,983
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