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a.4.i BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release April 25, 1957 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 24 increased $94 million to $19,201 million. Estimated required reserves increased $74 million; and estimated excess reserves increased $20 million to $568 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $354 million, compared with $671 million the week before. The principal changes supplying average reserves were an increase of $517 million in Federal Reserve float and decreases of $71 million in money in circulation, $22 million in Treasury deposits with Federal Reserve Banks, and $17 million in Treasury cash holdings. The principal offsetting changes were decreases of $297 million in member bank borrowings and $45 million in Federal Reserve holdings of U. S. Government securities, and increases of $154 million in "other" deposits with Federal Reserve Banks and $46 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $175 million. As of Wednesday, April 24, U. S. Government securities held under repurchase agreement were $69 million lower than a week earlier and member bank borrowings were $135 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 Held under repurchase agreement 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 Apr. 24, 1957 Apr. 17, 1957 IApr. 25, 1956 (In millions of dollars) 23,169 68 25 + 23 - 68 - 1 -113 + 68 + 11 922 -297 1,484 25^695 22,317 5,092 53,104 ±517 +175 + 4 + 3 +181 -138 + 25 +467 +321 +575 + 73 +970 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) 30,610 791 - 71 - 17 + 9 - 22 390 454 1,202 33790? + 46 +154 - 1 + 89 -113 + 55 +123 +124 +535 Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 19,201 18,633 + 94 +317 +289 26 456 568 + 20 +455 + 28 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 22,318 Treasury cash holdings 799 Treasury currency outstanding 5,093 Member bank) - Required (est.) 18,628 Money in circulation 30,471 reserves ) - Excess (est.) 244 On April 24, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,761 million, an increase of million for the week and a decrease of $34 million from the comparable date Digitized$12 for FRASER http://fraser.stlouisfed.org/ a year ago. Federal Reserve Bank of St. Louis H.4.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Apr. 25, Apr. 17, 1956 1957 Apr. 24, 1957 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: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities + 573,405 10,549 583,954 94,424 94 183,686 180 11,242 434,105 11,362,199 8,571,413 + + - 70,635 429,500 582,500 23,169,467 - 82,365 20,779,391 855A35 21,634,826 435,323 396,598 673,709 775 24,910 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 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 + + - + + + + 2 211 213 47,383 8,795 135,337 - 8 23,169,467 •- 69,300 69,300 • 82,365 23,868,861 - 204,645 - 254,989 + 624,431 + 11,237 21,609 +1,037,354 22 5,228,342 76,625 128,066 51,768.663 - 448,795 + - 12,722 584,613 26,326,478 - 124,558 18,871,814 328,436 387,837 292,978 19,881,065 4,155,362 19,430 50,382,335 42,745 55,639 331,407 747,593 27,543 279,785 51,768,663 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 27,832 6,914 77,466 394,740 919 595,845 + - + 10,954 584,613 439,345 + 384,338 - 242,392 + - + + + + + + 78 50,784 19,728 173,002 308,444 1,517 922,308 17,812 53,981 + 43,253 +1,037,354 .2$ 46.8# 64,178 1,962 60 + + 1,292 6 + 21,248 483 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 24, 1957 (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 641,176 32,533 673,709 Industrial loans 39 380 145 211 775 U. S. Government securities Acceptances 110,700 8,896 323,405 16,014 19,946,105 360,786 24,910 1,013,614 1,414,857 23,169,467 STATEMENT OF CONDITION'OF EACH FEDERAL RESERVE BANK ON APRIL 24, 1957 St. Phila- CleveAtlanta Chicago Richmond Louis New York Boston land delphia (In thousands of dollars) Total Kansas City Dallas Francisco 840,593 322,471 887,659 715,729 2516,753 153,356 43,050 22,708 40,999 890,477 3788,629 883,643 345,179 928,658 ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 20,779,391 966,877 855,435 55,466 21,634,826 5,806,682 1109,954 1853,650 1283,067 177.299 1022,343 60.517 75.410 72,408 5,983,981 1170,471 1929,060 1355,475 San Minneapolis 840,683 3635,273 49,794 25,678 78,750 741,407 2595,503 F.R. notes of other Banks Other cash 435,323 396,598 24,952 29,688 79,551 89,347 30,915 19,830 32,161 36,863 22,415 19,322 94,944 36,104 32,482 54,340 11,556 23,762 14,394 12,464 7,656 11,451 45,229 15,944 39,068 47,483 26,594 331 151,705 39,075 409 76,345 28,420 26,950 171,925 10,735 57,015 35 34,845 31,750 18,350 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright-Bills Certificates Note 3 Bonds Total Held under repurchase agreement 673,709 775 22,485 75,774 27,737 38,131 25,339 108,561 588,528 1983,283 2,841,470 663,246 998,033 725,965 443,974 1496,149 2,143,548 500,339 752,896 547,653 700,664 163,547 246,100 179,012 145,122 489,048 5/794,243 1352,471 2035^160 1480,367 1200,109 4044,254 17,952 469,884 354,471 115,866 958,173 9,368 245,196 184,971 60,462 499,997 18,638 487,813 367,996 120,288 994,735 17,012 49,429 445,273 1293,745 335,905 975,975 109,798 319,019 907,988 2b3tt,lb» ,471 2035.160 1480,367 1200,109 4044,254 958,173 499,997 994,735 907,988 2638,168 5,970,858 1391,955 2111,505 1508,787 1227,059 *216,179 968,908 557,047 1029,580 939,738 2656,518 24,910 24,910 434,105 11,362,199 8,571,413 2,801,750 23,169,457 23,679 619,763 467,536 152,824 1263*802 Total U. S. Govt, sees. 23,169,467 ip6?.802 Total loans & securities 23,868,861 22 Due from foreign banks Uncollected cash items Bank premises Other assets 5,228,342 76,625 TOTAL ASSETS 51,768,663 128,066 1290,727 1 412,724 5,285 6,740 5,794,243 1352 -M if1 2792,460 13,123,937 2969,742 4607,544 3309,260 2685,427 9006,698 2110,469 1059,502 2221,122 1996,431 5886,071 1/ After deducting $16,000 participations of other Federal Reserve Banks. if yz 1 i is H.4.1(c) Total 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 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 STATEMENT OF —CONDITION EACH-FEDERAL . p hOF — i RESERVE1 BANK OH APRIL 24,^ 1957 °+ i l a _St. CleveChicago Louis Atlanta Richmond New York Boston land delphia (In thousands of dollars) 26,326,478jl559,622 18,871,814 328,436 387,837 292,978 19,881,065 6,186,639 1687,143 2491,749 2082,443 1257,745 5091,818 1173,442 813*878 c ARO ?riPS oflo 19,430 2711,739 12,74^372 2873,524 448^920 50,302,335 916 51,768,663 64,178 1,962 337,250 17,121 43,948 3,011 16,641 757,693 223,254 682,865 2577,508 357,475 650,396 160,034 101,690 188,580 215,117 445,720 827 3,617 673 643 679 1,009 1,934 2620,73/ 8803,38/ 2U5u,(4l 10^4,0/4 2165,821 1927,427 5733,441 S I I S S Itl il;! « 1 1 8 2792,460 13,121.937 2969,742 4607,544 3309,260 2685,427 9006,698 2110,469 1059,502 2221,122 1996,431 5686,071 3,724 2/18,018 ~ — 4,494 5,778 3,274 2,889 9,117 85 2,375 11 58 FEDERAL RESERVE AGENTS' ACCOUNTS 2 1322,313 5205,229 1222,345 F. R. notes outstanding Collat. for F. R. notes: 580,000 3,170,000 640,000 1130,000 915,000 Gold certificate acct. 11,848,000 25,325 --69,030 Eligible paper U. S. Govt, securities 17.040.000 Total collateral 28,957,030 — . - , - . . — 1/ After deducting $273,939,000 participations of other Federal Reserve Banks. 2/ After deducting $46,160,000 participations of other Federal Reserve Banks 483,233 1052,271 San Dallas Francisco 5,795,911 962,238 1578,100 845,786 1004,690 3057,55t> 722,592 439,308 924,291 1020,436 2708,279 306,207 331,407 747,593 27,543 279,785 Kansas City 1131 lltl 111111II 1 1 1 1 1 1 411,946 4,155,362 Minneapolis 450,000 2300,000 -- -- 450,000 9;OlO 133^10 1,541 2,440 3,338 7,190 1,808 537,995 1085,434 733,707 2743,321 130,000 300,000 283,000 1500,000 s l o t Z llSl:^ 808^ SOO^Z 33,O95
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