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H.4.1 BOARt) OS1 GOVMNORS OF THE FEDERAL RJ&feRVE SYSTEM For Immediate Release April 24, I958 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 23 increased $285 million to $18,654 million. Estimated required reserves increased $223 million; and estimated excess reserves increased $62 million to $715 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $603 million, compared with $454 million the week before. The principal changes supplying average reserves were increases of $l6l million in Federal Reserve float and $79 million in Federal Reserve holdings of U. S. Government securities, and decreases of $116 million in money in circulation, $77 million in foreign deposits with Federal Reserve Banks, and $40 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $118 million in gold stock and $87 million in member bank borrowings. Total Reserve Bank credit increased $153 million. As of Wednesday, April 23, U. S, Government securities held under repurchase agreement were $92 million lower than a week earlier and member bank borrowings were $54 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 advances-Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Averages of daily figures Change from week ending For week ending April 23, 1958 April 16, 1958IApril 24, 1957 (In millions of dollars) 23,704 8 39 + 93 - 14 - 1 +535 - 60 + 14 112 - 87 990 24,854 22,081 5,193 52,128 +161 +153 -118 + 1 + 36 -810 - 26 -494 -84l -236 +101 -976 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) 30,617 721 417 242 376 1,102 33,474 -116 - 10 - 40 - 77 - 5 - 2 -249 + 7 - 70 - 39 -148 - 78 -100 -430 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) * Less than $500,000. 18,654 17,939 715 +285 +223 + 62 -547 -700 +153 * 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 22,046 Treasury cash holdings 731 Treasury currency outstanding 5,194 Member bank) - Required (est.) 17,901 Money in circulation 30,512 reserves ) - Excess (est.) 654 On April 23, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,152 million, a decrease of $65 million for the week and a decrease of $609 million from the comparable date Digitized FRASER a for year ago. H.4,l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B A M S COMBINED (In thousands of dollars) April 16, 1958 April 23, 1958 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 U. S. Government securities: 20,613,392 847,607 21,460,999 476,593 433,833 242,055 494 37,428 Bought outright— + + - 124,999 3,169 128,168 37,385 7,602 54,385 4 2,001 __ 968,610 Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 19,946,105 --- 2,789,257 23,703,972 L I A B I L I T I E S Federal Reserve note¥ Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES - + + - + 165,999 7,828 173,827 41,270 37,235 431,654 281 12,518 + 534,505 +8 ,583,906 -8,571,413 12,493 + 534,505 23,703,972 - 92,000 92,000 23,983,949 15 4,921,914 86,423 232,429 51,596,155 - 148,390 - 847,519 + 184 + 15,292 -1,063,614 + + 26,374,828 - 112,963 + 48,350 - 314,454 + - 31,614 11,328 266,059 698,447 + 316,346 133,830 -1,075,859 + + + - 102,204 240,726 5,898 101 186,377 — Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS since April 24, 1957 18,555,468 462,266 227,423 395,182 19,640,339 4,161,260 19,531 50,195,958 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 -- + + - - + 534,505 + 115,088 7 - 68,681 1,610 - - 306,428 9,798 104,363 172,508 - 160,414 350,273 809,198 27,543 213,183 51,596,155 99 + + 61,605 + 12,146 -1,063,614 - 66,602 172,505 46.6# .1% 129,815 1,007 5,463 4 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 18,866 .2$ + 65,637 955 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 23, 1958 (Acceptances and securities held under repurchase agreement are classified as 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 240,573 1,465 17 242,055 Industrial Acceptances loans 136 12,930 24,498 177 81 U. S. Government securities 319,550 649,060 20,285,201 1,035,304 100 56,610 37,428 1,358,247 23,703,972 H.4.1(b) Total STATEMENT OF C0NDIT]CON OF EACH FEDERA3 RESERVE BANK ON APRIL 23, 1958 PhilaCleveSt. Boston J New York Richmond Atlanta Chicago delphia land Louis Minneapolis Kansas City Dallas San Francisco A S S E T S Gold certificate account 20,613,392 1005,711 5,762,245 1121,752 1779,924 1188,944 817,008 3646,942 786,076 438,064 821,851 706,879 2537,996 Redemption fund for F. R. notes 847,607 54,483 175,089 58,250 76,967 74,306 47,594 154,227 42,550 21,842 40,924 27,964 73.411 Total gold certificate reserves 21,460,999 1060,194 5,937,334 1180,002 1856,891 1263,250 864,602 3801,169 828,626 459,906 862,775 734,843 2611,407 F.R. notes of other Banks Other cash 476,593 433,833 27,666 31,922 129,199 85,388 34,211 29,029 45,478 40,034 32,537 27,247 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 242,055 494 8,385 327 17,050 -• 5,175 148 9,865 —— 13,950 -— -- -- Total U> S. Govt, sees. 37,428 37,428 -- 32,757 67,011 10,772 22,208 18,484 10,641 7,600 123,204 10,350 3,200 19 69,125 32,373 - - - - -- 6,831 14,617 16,869 30,551 38,982 15,998 17,753 9,525 - - — — 56,494 - — 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 5,977,383 1362,599 2098,394 1542,939 1206,129 4140,610 966,980 498,660 1011,757 928,508 2679,379 23,703,972 1290,634 5,977,383 1362,599 2098,394 1542,939 1206,129 4140,610 966,980 498,660 1011,757 928,508 2679,379 Total loans & securities 23,983,949 1299,346 6,031,861 1367,922 2108,259 1556,889 1213,729 4263,814 977,330 501,879 1027,755 946,261 2688,904 Due from foreign banks Uncollected cash items Bank premises Other assets 1 1 / 4 1 1 1 1 2 1 2 / 1 1 1 15 881,860 305,812 433,927 390,197 430,268 779,707 201,663 128,121 258,160 302,005 442,769 4,921,914 367,425 86,423 4,906 10,649 4,424 9,779 6,872 7,574 7,419 6,4o8 5,357 4,918 6,714 11,403 12.427 57.590 12.987 20.513 14.818 11.858 42.063 9.239 4.886 10.209 10.057 25.782 232.429 TOTAL ASSETS 51,596,155 2803,887 13,133,885 2934,388 4514,882 3291,811 2629,530 8993,942 2056,247 1129,274 2185,266 2047,301 5875,742 1/ After deducting $11,000 participations of other Federal Reserve Banks* 2/ Less than $500. E.4.1(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 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OR APRIL 23, 1958 St. ClevePhilaRichmond Atlanta Chicago New York Boston Louis land delphia (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco 26,374,828 1558,774 6,267,824 1654,481 2484,549 2052,831 1229,707 5119,502 1175,856 533,631 1043,986 711,199 2542,488 18,555,468 789,239 5,319,500 856,370 1474,550 796,707 898,267 2946,281 640,137 424,774 835,821 924,418 2649,404 33,732 44,011 17,909 22,509 38,629 45,308 59,713 29,765 80,157 26,475 33,796 30,262 462,266 8,288 5,376 8,736 11,648 25,088 12,768 1/66,591 15,456 19,936 11,424 10,080 32,032 227,423 1,100 43,408 1,153 527 4,003 327 686 321 "329,463 10,236 850 3,108 395,182 19,640,339 832,093 5,795^711 908^537 1529,132 541 501 943,'232 3022,«51 670,337 452,986 803,072 982,474 2777,613 4,161,260 330,792 681,080 274,532 374,181 321,808 390,018 644,317 155,385 107,351 200,890 281,345 399,561 1,086 5,130 845 2,346 898 871 3,194 593 732 685 I.060 2.091 19,531 2722,745 12,749,745 2838,395 4390,208 3217,038 2563,828 8789,864 2002,171 1094,700 2129,433 197&,078 5721,753 50,195,958 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. 350,273 809,198 27,543 213,183 17,835 47,013 3,011 13,283 102,964 223,963 7,319 49,894 21,431 55,923 4,489 14,150 33,064 71,550 1,006 19,054 15,964 41,236 3,349 14,224 2/ After deducting 11,798 31,586 521 10,171 7,571 19,697 1,073 6,233 14,163 30,533 1,137 10,000 19,746 40,871 1,307 9,299 40,652 89,130 2,140 22.067 51,596,155 2803,887 13,133,885 2934,388 4514,882 3291,811 2629,530 8993,942 2056,247 1129,274 2185,266 2047,301 5875,742 129,815 l,UUf 7,279 —• 2/38,127 —— 8,811 11,365 6,513 5,747 j„o ^ -L —— —— FEDERAL RESERVE AGENTS' ACCOUNTS 27,465,469 1637,030 6,601,321 1722,986 2503,456 2127,851 F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. 12,058,000 700,000 3,270,000 640,000 1130,000 825,000 -— — 5,175 — -Eligible paper 31,523 U. S. Govt, securities 17,145,000 1150,000 3,600,000 1200,000 1600,000 1350,000 29,234,523 1850,000 6,870,000 1845,175 2730,000 2175,000 Total collateral v Ju f ni Utl VtA-VLViA- V JLLJ.0, y J vv ~ ~x* 17,211 47,874 36,192 121,504 762 1,429 11,537 33,271 $91,688,000 participations of other Federal Reserve Banks. 18,261 — -* 4,725 —— 3,065 —— 4,980 ytKJ 6,640 —— 14,302 —— 1286,259 5224,212 1221,739 549,318 1070,089 753,488 2687,720 425,000 2400,000 430,000 155,000 300,000 283,000 1500,000 -- -- 10,350 -— 15,998 -- —- 1000,000 3100,000 875,000 425,000 820,000 525,000 1500,000 1425,000 5500,000 1315,350 580,000 1135,998 808,000 3000,000
@FedFRASER