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H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release April 30, 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 29 decreased $266 million to $18,551 million. Estimated required reserves decreased $112 million; and estimated excess reserves decreased $154 million to $458 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $198 million, compared with $137 million the week before. The principal changes reducing average reserves were decreases of in Federal Reserve float, $93 million in member bank borrowings, and $79 million in gold stock, and an increase of $104 million in Treasury deposits with Federal Reserve Banks. The principal offsetting changes were an increase of $64 million in Federal Reserve holdings of U. S. Government securities, and decreases of $88 million in money in circulation and $42 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $260 million. $230 million As of Wednesday, April 29, holdings of U. S. Government securities bought outright were $60 million higher than a week earlier and member bank borrowings were $480 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 Week ended Change from week ended April 22, I April 30, April 29, 1958 1959 1959 (In millions of dollars) 25,608 - - 31 656 18 900 27, 212 20, 330 5,257 52,799 Wednesday April 29, 1959 +1,996 14 - 25,623 7 29 - 79 + 3 -337 + 531 + 18 + 123 +2,646 -1,694 + 63 +1,014 516 18 801 26,987 20, 330 5,257 52,575 - 88 + 31,276 + 97 - 33 + - 1 1 - 93 -• • -230 -260 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) 31,244 705 560 271 333 1,136 34,246 +104 - 15 - 29 - 42 - 71 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,551 18,093 458 -266 -112 -154 - - - -- - + - + + + + - 724 27 41 36 64 85 713 302 439 137 710 466 274 335 1,136 34,196 18,378 18,112 266 On April 29, 1959, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,586 million, a decrease of $18 million for the week and an increase of $518 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF1 THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since April 30, April 22, 1958 1959 April 29, ASS E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances—bought outright U. S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 18,829,892 910,544 19,740,436 388,900 394,063 533,768 + - - - 1 3,684 3,603 26,332 3,624 480,293 4 65,213 + 52,198 24,053 377,829 499 -1,668,287 *" •» 28,984 8,432 - - 59,600 + 676,190 -l, 296,379 +2,867,565 1,621,900 18,649,726 2,867,565 + 25,622,962 + 59,600 - 305,486 +1,941,890 25,622,962 + 59,600 +1,941,890 420,693 +2,310,788 2,483,771 26,185,718 15 5,355,334 95,243 214,932 52,374,641 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS -1,733,500 + L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 18,378,235 465,859 273,515 334,964 19,452,573 4,554,086 32,023 50,960,341 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 377,401 868,4io 168,489 52,374,641 26,921,659 •» - — — — — - - + + - 293,393 30 12,522 735,173 5,247 - * - + + - + - 381,783 29,681 26,201 2,015 383,248 317,022 2,145 703,372 1,168 + •» — - 32,969 735,173 + 516,046 + 8,675 31,043 +1,059,928 + 547,059 + 124,288 + + + 128,275 16,723 76,254 63,518 512,111 13,570 +1,009,222 + 1/+ 27,024 31,669 7,987 +1,059,928 Ratio of gold certificate reserves to deposit + 4.1$ .4$ 42.6% and F. R. note liabilities combined Contingent liability on acceptances purchased 698 - 75,249 56,212 for foreign correspondents 636 - 360 Industrial loan commitments 1/ Net change after elimination of Sec. 13b surplus of $27,543,000 ° n Sept. 2, 1958 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 29, 1959 (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 509,590 24,049 129 533,768 Industrial loans ™TT Acceptances 9,248 19,736 28,984 U. S. Government securities 4l6,290 969,310 18,886,026 3,881,179 206,495 1,263,662 25,622,962 H.4.1(b) Total 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. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH APRIL 29, 1959 PhilaCleveSt. Boston New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco 18,829,892 840,166 5,072,226 1059,339 1706,879 993,266 864,204 3295,437 691,898 407,549 709,398 674,782 2514,748 910,544 19,740,436 388,900 55,758 190,254 57,274 84,883 76,762 55,002 169,385 43,742 22,388 42,751 29,243 83.102 895,924 5,262,480 1116,613 1791,762 1070,028 919,206 3464,822 735,640 429,937 752,149 704,025 2597,850 98,650 30,274 394,063 28,821 533,768 4 51,152 28,984 72,227 19,352 18,213 22,192 37,364 38,246 26,066 67,800 30,424 28,406 64,611 10,024 24,929 10,987 12,442 7,009 13,580 17,740 14,644 38,220 50,742 63,973 11,632 24,016 51,004 61,402 70,983 27,751 26,417 4 91,677 13,390 40,371 28,984 1,621,900 87,931 408,155 92,491 140,421 103,943 85,480 280,674 65,963 18,649,726 1011,095 4,693,241 1063,519 1614,656 1195,224 982,915 3227,372 758,484 2,867,565 155,465 721,628 163,526 248,268 183,777 151,132 496,238 116,624 2,483,771 134,658 625,046 141,639 215.040 159.180 130.905 429,821 101,015 36,941 69,912 64,737 185,252 424,785 803,897 744,385 2130,153 65,315 123,606 114,456 327,530 56,573 107,063 99.137 281.694 25,622,962 1389,149 6,448,070 1461,175 2218,385 1642,124 1350,432 4434,105 1042,086 583,6l4 1104,478 1022,715 2926,629 Total U. S. Govt, sees. 25,622,962 1389,149 6,448,070 1461,175 2218,385 1642,124 1350,432 4434,105 1042.086 583.6l4 1104,478 1022.715 2926.629 Total loans & securities 26,185,718 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 5,355,334 95,243 214,932 1440,301 6,541,027 1472,807 2242,401 1693,128 1411,834 4505,088 1069,837 610,035 1196,155 1036,105 2967,000 1 381,839 4,566 11,843 1 / 4 999,196 10,252 52,765 1 324,820 4,156 11,950 1 1 521,835 403,849 9,391 6,957 18.844 13,784 2 1 875,054 224,028 12,675 6,950 36,387 8,848 2/ 139,526 5,187 4.848 1 244,044 4,743 10.072 1 271,715 8,320 8.829 1 524,251 12,506 24.469 52,374,641 2793,569 13,036,601 2967,912 4643,790 3252,059 2896,275 8987,045 2080,257 1212,962 2227,753 2061,379 6215,039 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 1 445,177 9,540 12,293 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 29, 1959 Total Boston New York U S ' Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES ° n d Atlanta Chicago ^ Dallas (In thousands of dollars) 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 RicM 26,921,659 1559,298 18,378,235 465,859 273,515 334,964 19,452,573 4,554,086 6,279,538 1698,373 2472,792 2022,945 1448,272 5142,568 1193,168 600,962 1088,457 762,961 2652,325 766,923 5,114,250 866,221 1542,668 767,486 945,930 2796,315 613,244 427,899 825,354 952,826 2759,119 31,005 65,271 18,875 42,220 34,195 16,228 59,818 27,133 22,426 42,694 17,060 88,934 14,300 1/86,315 17,160 23,400 13,000 12,220 38,480 9,620 6,240 10,l40 13,520 29,120 386 288,435 741 680 2,520 1,293 683 1,283 241 703 817 37,182 812,614 5,554,271 902,997 1608,968 817,201 975,671 2895,296 651,280 456,806 878,891 984,223 2914,355 340,502 808,167 271,677 430,972 337,046 402,643 735,122 179,943 119,329 202,501 239,765 486,419 32,023 1,696 7,725 1,485 3,491 1,735 1,699 4,864 1,207 50,960,341 2714,110 12,649,701 2874,532 4516,223 3178,927 2828,285 8777,850 2025,598 1,059 1,314 1,574 4,174 15,358 21,776 45,264 32,935 8,297 43,436 7,644 l6,?4l 1178,156 2171,163 1968,523 6057,273 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. 377,401 868,410 168.489 18,449 50,116 10,894 109,457 22,270 38,541 59,607 11,503 238,902 35,819 16,851 15,105 44,846 11,435 76,643 19,252 51,678 39,474 132,159 9,264 25,358 12,620 33,746 8,293 8,607 20,785 5,4l4 95,761 52,374,641 2793,569 13,036,601 2967,912 4643,790 3252,059 2896,275 8987,045 2080,257 1212,962 2227,753 2061,379 6215,039 56,212 360 3,091 2/15,748 3,709 5,058 2,810 2,642 8,318 2,079 1,349 2,192 2,922 6,294 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,964,215 1649,023 6,555,995 1747,932 2537,333 2107,890 Collat. for F. R. notes: Gold certificate acct. 10,755,000 580,000 2,920,000 640,000 920,000 700,000 Eligible paper 128,561 •*"" "" 10,470 •*" •• U. S. Govt, securities 18,685,000 1150,000 4,000,000 1200,000 1750,000 1500,000 Total collateral 29,568,561 1730,000 6,920,000 1850,470 2670,000 2200,000 1/ After deducting $187,200,000 parti.cipations of other Federal Reserve Banks, ,2/ After deducting $40,464,000 parti.cipations of other Federal Reserve Banks. 1512,502 5256,322 1244,126 616,054 1120,005 809,773 2807,260 475,000 2000,000 430,000 200,000 300,000 290,000 1300,000 "• •• 27,100 "" 90,991 •* ~— 1100,000 3500,000 935,000 425,000 850,000 575,000 1700,000 1575,000 5500,000 1392,100 625,000 1240,991 865,000 3000,000
@FedFRASER