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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release April 3, 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 2 decreased $199 million to $18,526 million. Estimated required reserves decreased $210 million; and estimated excess reserves increased $11 million to $695 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $551 million, compared with $520 million the week before. The principal changes reducing average reserves were decreases of $207 million in Federal Reserve float and $104 million in gold stock, and an increase of $112 million in money in circulation. The principal offsetting changes were an increase of $73 million in Federal Reserve holdings of U. S. Government securities, and decreases of $64 million in Treasury cash holdings and $57 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $156 million. As of Wednesday, April 2, holdings of U. S« Government securities bought outright were $103 million higher than a week earlier and member bank borrowings were $5 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 March 26, 19581 April.3, 1957 April 2, 1958 (In millions of dollars) +107 - 34 +585 144 1 776 24,586 22,394 5,184 52,164 - 20 2 -207 -156 -104 + 4 -905 - 25 -101 -579 + 88 -256 -393 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) 30,636 726 523 277 368 1,109 33,639 +112 - 64 - 57 + 48 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,526 17,831 695 -199 -210 + 11 23,625 4o + 19 - 32 - 34 - 56 -149 + 17 + 98 - 83 + + - 6 17 54 58 49 -342 -694 +352 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: 732 Gold stock 22,39^Treasury cash holdings Treasury currency outstanding 5,185 Member bank) - Required (est.) 17,662 Money in circulation 30,676 reserves ) - Excess (est.) 704 On April 2, 1958, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,301 million, a decrease of $75 million for the week and a decrease of $440 million from the comparable date a for year ago. Digitized FRASER STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (Iti thousands of dollars) . Change since April 3, March 26, April 2, .1957 1958 1958 ASS E T S + 174,001 99,998 20,948,393 Gold certificate account 5,556 + 90 Redemption fund for F« R. notes 100,068 + 179,557 Total gold certificate reserves 21,804,035 60,108 + 62,318 442,968 F. R. notes of other Banks + 36,867 464,493 23,555 Other cash -1,008,368 5,478 112,436 Discounts and advances 309 29 478 Industrial loans + 16,054 1 Ac ceptance s--bought outright 39,429 U. S. Government securities: Bought outright-+ 587,855 103,300 892,560 Bills +8,583,906 Certificates 19,946,105 -8,571,413 Notes 12,493 Bonds 2,789,257 Total bought outright + 103,300 + 587,855 23,627,922 - 227,500 Held under repurchase agreement + 360,355 Total U. S. Government securities 23,627,922 + 103,300 H.4.1(a) Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 23,780,265 15 4,453,350 + 97,792 - 632,268 - 76,261 187,862 51,210,603 + - 14,462 147,779 + + 7 62,853 9,847 98,429 26,540,280 + 67,353 + 90,424 18,365,529 602,717 279,326 382,551 19,630,123 3,667,735 60,86l 20,142 23,698 10,927 -68,232 - 157,936 1,334 - 160,149 + 829,094 242,701 + - 84,728 471,647 - 846 319,039 85,615 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 49,855,036 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 349,901 809,198 27,543 176,925 51,216,603 16,898 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 21 102 + - 12,268 147,779 + + + + 30,018 63,030 19,002 61,605 - 69,678 - 308.110 .2# 47.2# 136,815 1,025 - 308,110 + + 9,190 28 74,273 931 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. APRIL 2, 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 110,282 2,103 51 112,436 Industrial Acceptances loans 136 151 87 104 9,622 29,807 U. S. Government securities 59,550 833,010 20,285,201 1,035,304 56,610 39,429 1.358,247 23,627,922 H.4.1(b) Total A S S E T S Gold certificate account Redemption fund for F, R, notes Total gold certificate reserves STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 2, 1958 St. ClevePhilaChicago Atlanta Richmond Boston New York Louis land delphia (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco 20,948,393 1058,882 5,880,283 1174,262 1774,616 1222,865 847,717 3541,369 852,135 462,758 924,229 759,563 2449,714 855,642 54,840 177,048 58,879 77,598 76,745 47,938 154,903 42,755 21,943 41.082 28,088 73,823 21,804,035 1113,722 6,057,331 1233,141 1852,214 1299,610 895,655 3696,272 894,890 484,701 965,311 787,651 2523,537 F.R. notes of other Banks Other cash 442,968 464,493 23,224 32,784 112,540 97,004 22,679 28,332 47,233 44,068 34,845 28,814 75,302 31,702 34,930 77,300 8,561 25,008 18,921 10,109 4,373 14,183 27,859 19,793 32,501 55,396 Discounts and advances Industrial loans Acceptances— Bought outright U. S* Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 112,436 478 22,290 327 12,140 2,885 131 3,516 8,510 3,276 31,501 3,440 350 20 14,553 9,600 375 39,429 -- 39,429 -- - - " -- 225,076 51,307 79,014 58,099 45,416 155,912 36,411 18,777 38,097 34,962 100,890 892,560 48,599 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 5,958,206 1358,227 2091,662 1537,989 1202,260 4127,325 963,877 497,061 1008,511 925,529 2670,782 23,627,922 1286,493 1286,493 5,958,206 1358,227 2091,662 1537,989 1202,260 4127,335 963,877 497,061 1008,511 925,529 2670,782 Total U. S. Govt, sees. 23,627,922 Total loans & securities 23,780,265 1309,110 6,009,775 1361,243 2095,178 1546,499 1205,536 4158,826 967,317 497,431 1023,064 935,129 2671,157 Due from foreign "banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 1 15 4,453,350 338,390 4,906 85,615 187,862 10,087 1/4 1 1 1 1 2 1 2 / 1 1 1 851,659 284,137 392,292 351,301 350,646 721,241 184,202 119,768 220,279 201,375 438,060 10,648 4,446 9,730 6,902 7,400 7,141 6,408 5,345 4,918 6,413 11,358 45,957 10,573 16,928 12,026 9.602 34,094 7,478 3,916 8,349 8,079 20,773 51,218,603 2832,224 13,184,918 2944,552 4457,644 3279,998 2575,844 8729,806 2093,865 1140,191 2240,478 1986,300 5752,783 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ than $500. DigitizedLess for FRASER H.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 ON APRIL 2, 1958 ClevePhilaSt. Boston New York Richmond Atlanta Chicago delphia. land Louis (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco 26,540,280 1566,302 6,319,819 1663,474 2498,875 2078,614 1241,668 5146,968 1179,838 525,024 1048,608 713,172 2557,918 18,365,529 602,717 279,326 382,551 19,630,123 5,349,927 891,690 1434,591 780,360 906,259 2698,961 675,667 420,854 884,537 965,869 2523,175 108,190 28,150 39,774 43,253 45,311 68,400 24,771 47,743 66,242 45,471 59,131 1/76,132 19,527 25,187 14,433 12,735 40,469 10,471 6,792 11,037 14,716 31,696 288 314,687 11,668 1,300 4,103 1,333 815 2,017 155 1,268 1,324 43,593 876,339 5,848,936 951,035 1500,852 842,149 965,638 2608,645 712,926 475,544 963,084 1027,380 2657,595 833,639 26,281 16,131 3,667,735 309,336 637,520 16,898 987 3,914 235,361 333,910 286,048 303,798 573,923 147,789 105,100 173,895 175,099 385,956 795 2,619 766 838 2,804 599 642 592 782 1,560 49,855,036 2752,964 12,010,109 2850,665 4336,256 3207,577 2511,942 0532,340 2041,152 1106,310 2186,179 1916,433 5603,029 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. F. R. notes outstanding Collat. for F, R. notes: Gold certificate acct. Eligible paper V. S. Govt, securities Total collateral 349,901 809,198 27,543 176,925 17,824 102,947 21,420 32,994 15,910 47,013 223,963 55,923 71,550 41,236 11,412 40,500 12,055 15,838 11,926 3,011 7,319 4,489 1,006 3,349 17,131 36,192 47,814 121,504 762 1,429 9,817 26,719 11,799 31,586 521 8,807 14,155 30,533 1,137 8,474 19,714 40,871 1,307 7,975 40,630 89,130 2,140 17,854 51,218,603 2832,224 13,184,918 2944,552 4457,644 3279,998 2575,844 8729,806 2093,865 1140,191 2240,478 1986,300 5752,783 136,815 1,025 7,786 27,573,888 1652,727 12,158 6,967 6,147 19,534 5,054 3ij. 51 "»«* *••• FEDERAL RESERVE AGENTS' ACCOUNTS 6,623,780 1736,397 2601,157 2147,509 1292,130 5252,020 1226,045 2/38,736 •• 9,426 3,278 5,327 940 541,587 1071,395 7,103 15,299 758,021 2671,096 12,108,000 700,000 3,270,000 640,000 1130,000 875,000 425,000 2400,000 430,000 155,000 300,000 283,000 1500,000 20,878 —2,885 —— -— ——— 3,440 14,553 —-— 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 29,273,070 1850.000 6.870.000 1842.885 2710.000 2225.000 1425.000 5500.000 1108.440 l/ After deducting $203,194,000 participations of other Federal Reserve Banks, 2/ After deducting $98,079,000 participations of other Federal Reserve Banks. 7,563 19,697 1,073 5,548 580.000 1134.553 808.000 1000.000
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