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BQAftZj OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM B.4.1 For Immediate Release April 9, 1959 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT; ANI) 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 8 increased $388 million to $18,711 million. Estimated required reserves increased $353 million; and estimated excess reserves increased $35 million to $508 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $164 million, compared with $139 Billion the week before. The principal changes supplying average reserves were increases of $206 million in U. S. Government securities held under repurchase agreement and $22 million bought outright, and $60 million in member bank borrowings, and decreases of $164 million in "other" deposits with Federal Reserve Banks and $68 million in foreign deposits within Federal Reserve Banks. The principal offsetting changes were a decrease of $84 million in Federal Reserve float and an increase of $55 million in money in circulation. Total Reserve Bank credit increased $206 million. As of bought outright securities held bank borrowings Wednesday, April 8, holdings of U. S. Government securities were $15 million higher than a week earlier, U. S. Government under repurchase agreement were $233 million higher, and member were $4l8 million higher. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities-Bought outright—System account Held under repurchase agreement Acceptance s--bought outright Loans, discounts, and advances— Member bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding 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) Member bank reservesRequired reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended April 1, April 9, April 8, 1958 1959 1959 (In millions of dollars) Wednesday April 8, 1959 238 + 22 +206 +1,856 + 238 8 - 25,493 233 30 672 + 60 + 582 + 18 + 35 +2,719 -1,852 + 63 + 930 758 25,484 31 18 914 27,357 20,442 5,250 53,049 31,280 709 524 296 348 1,180 34,337 18,711 18,203 508 + 1 •> «• - 84 +206 — — + 3 +209 + 55 - 4 + 1 - 68 -164 - 1 -180 +388 +353 + 35 + + + 18 730 27,262 20,441 5,252 52,955 31,311 713 397 288 344 1,180 536 20 45 27 145 74 516 34,232 + 4ll + 530 - 119 18,722 18,195 527 - + + On April 8, 1959; U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,666 million, an increase of $60 million for the week and an increase of $399 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Change since April 1, April 9, 1958 1959 April 8, 1959 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 18,939,891 917,029 19,856,920 411,100 401,179 775,281 5 29,980 + 1,492,000 18,649,726 + - + 1 3,558 3,557 36,762 16,848 418,016 1 • 15,000 — — 2,867,565 2,483,771 25,493,062 232,900 25,725,962 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS — W -1,908,501 + 63,967 -1, 844, 534 29,089 30,587 + 636,248 492 9,443 + 599,44o -1,296,379 +2,867,565 - 305,486 +1,865,140 + + 4- 15,000 232,900 247,900 + 232,900 26,531,228 15 4,700,950 94,983 177,152 52,173, 527 + 665,915 +2,724,353 +2,098,040 — - + + + — 13,453 97,719 + 321,035 + 9,016 - , 25,344 +1,124,850 524,545 63 L I A B I L I T I E S Federal-Re serve 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 27,000,167 + 37,382 + 472,490 18,722,306 397,233 287,631 343,711 19,750,681 3,970,477 29,317 50,750,842 + + + 424,444 84,743 35,068 + 311,523 + 629,879 136,634 9,659 36,285 447,301 401,613 3,163 86,233 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 374,993 868,410 179,282 52,173,527 + 203 + + 11,283 97,719 • + * * - 63,246 + 282,627 + 11,320 +1,077,960 + l/+ 24,954 31,669 9,733 +1,124,850 Ratio of gold certificate reserves to deposit 4.7# 42.5# and F. R. note liabilities combined Contingent liability on acceptances purchased 60,286 177 - 79,153 for foreign correspondents 645 360 Industrial loan commitments ij Net change after elimination of Sec. 13b surplus of $2?,$43,000 on Sept. 2, 19$8 .hi MATURITY DISTRIBUTION OF LOANS AND SECURITIES, APRIL 8, 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 753,152 22,051 78 775,281 Industrial loans 1 3 1 Acceptances 9,730 20,250 29,980 U. S. Government securities 583,200 976,100 18,815,326 3,881,179 206,495 1,263,662 25,725,962 H.4.U(Td) 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 -Acceptance s — Bought outright U. S. Govt. securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 'Total U. S. Govt, sees. Total loans & securities Due from foreign banks Uncollected cash items Bank- premi ses "Other assets TOTAL ASSETS STATEMENT OF C0NDIT]CON OF EACH FEDERAL RESERVE BANK ON APRIL 8, ]L959 PhilaCleve- Richmond Atlanta Chicago St. Boston New York delphia land Louis of dollars) 779,366 78,356 55,434 170,012 43,876 22,620 42,901 1831,071 1154,069 972,138 3305,635 801,056 439,203 822,267 26,668 69,521 8,535 25,778 11,722 11,762 6,400 12,306 20,399 15,590 38,398 53,047 290,654 33,401 12,177 5 75,852 31,390 7,421 59,552 170,415 114,456 327,530 283.694 917,029 56,102 19,856,920 923,611 411,100 401,179 28,367 30,138 102,174 68,058 19,915 19,485 24,841 39,449 42,103 23,834 81,578 32,211 775,281 5 28,965 66,008 66,282 82,704 44,960 35,467 129,174 95,618 29,980 85,437 232,900 1614,656 1195,224 248,268 215,040 183,777 159.180 2207,138 1633,799 83,457 723,725 2505,385 78,634 258,195 60,680 33,983 64,313 982,915 3227,372 758,484 424,785 803,897 151,132 496,238 116,624 65,315 123,606 429.821 101.015 190,905 , 56,573 107.063 744,385 2130,153 99,137 13*3,586 4411,626 1036,803 580,656 1098,879 1017,533 2911,792 232.900 25,725,962 1382,106 6,648,280 1453.767 2207,138 1633.799 1343.586 4411,626 1036.803 26,531,228 1411,071 6,744,268 1 351,862 4,601 9,680 1 / 4 1520,049 2289,842 1678,759 1 1 1 9.851 15.527 11.223 879,300 292,319 404,422 364,328 10,246 4,178 9,405 6,945 43.728 52,173,527 2759,331 13,123,564 2968,772 4614,558 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 29,352 29,980 80,888 1,492,000 85,083 375,465 18,649,726 1011,095 4,693,241 1063,519 721,628 163,526 2,867,565 155,465 625,046 141,639 2,483,771 134,658 25,493,062 1382,106 6,415,360 1453,767 15 4,700,950 94,983 177,152 694,373 2421,928 San Francisco 416,583 5,084,124 1045,154 1745,634 1075,713 5,275,786 1102,974 Dallas 757,180 867,509 57,820 Kansas City 916,704 3135,623 18,939,891 191,662 Minneapolis 1379,053 4702,280 1070,204 1 402,548 9,444 10.289 2 1 29.594 7,330 580.656 1098.879 1017.53) 2911.792 592,838 1174,731 1048,920 2919,213 2 / 1 1 8.485 7.113 725,819 205,922 132,986 241,250 219,239 12,557 6,965 5,187 4,743 8,149 4,002 1 480,955 12,563 20.330 3281,262 2887,262 8872,076 2125,791 1197,700 2270,183 2043,136 6029,892 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 8, 1959 St. PhilaCleve- i Richmond Atlanta Chicago New York Boston Louis delphia land 1 (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco 27,000,167 1562,738 6,298,985 1695,209 2477,456 2042,240 1449,956 5155,645 1197,147 602,012 1091,775 763,274 2663,730 18,722,306 763,757 42,875 397,233 15,840 287,631 390 Wt.711 19,750,881 822,862 5,376,785 877,670 1581,542 798,390 966,984 2800,404 665,654 415,887 860,324 967,692 2647,217 29,951 43,308 49,705 29,023 20,787 34,086 29,551 29,953 32,164 37,926 17,904 14,976 32,256 10,656 6,912 14,400 13,536 42,624 19,008 25,920 U 916 40,833 1,145 1,575 608 371 % 797 1,118 ' H 3,756 5,766,376 927,428 1640,744 854,472 1016,181 2873,187 706,478 443,957 922,047 1013,535 2763,614 3,970,477 292,191 660,775 250,777 365,123 309,358 351,613 627,134 166,175 115,862 198,239 192,003 441,227 1,144 2,976 1,132 1,444 2,662 983 932 4,771 1,317 1,427 1,478 9,051 29,317 3207,514 2819,067 8660,737 2070,732 1162,014 2213,193 1969,956 5071,547 4485,985 2679,269 12,735,187 2874,841 50,750,842 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. 374,993 868,410 179,282 l8,44l 50,116 11,505 108,330 238,902 41,145 22,198 59,607 12,126 35,771 76,643 16,159 52,173,527 2759,331 13,123,564 2968,772 4614,558 60,286 360 3,316 2/16,870 3,980 5,427 20 16,791 44,846 12,111 18,967 39,474 9,754 51,621 132,159 27,559 12,610 33,746 8,703 8,585 20,785 5,516 15,340 32,935 8,715 21,765 43,436 7,979 44,574 95,761 18,010 3281,262 2887,262 8872,076 2125,791 1197,700 2270,183 2043,136 6029,892 3,015 2,834 8,924 2,231 1,447 2,352 340 3,136 6,754 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 27,954,242 1645,939 6,552,347 1752,468 2533,217 2124,450 1500,789 5254,955 1230,4536 614,916 1117,409 813,098 2808,010 Collat. for F. R. notes: Gold certificate acct. 10,755,000 580,000 2,920,000 640,000 920,000 700,000 475,000 2000,000 430,000 200,000 300,000 290,000 1300,000 --65,120 ----32,750 *• 75,l66 --Eligible paper 173,036 U. S. Govt, securities 18,685,000 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 Total collateral 29,613,036 1730,000 6,920,000 1905,120 2670,000 2200,000 1575,000 5500,000 1397,750 625,000 1225,166 865,000 3000,000 1/ After deducting $207,3(>0,000 partiLCipations of other Federal Reserve Banks. 2/ After deducting $43,4]l6,000 partjLcipations of other Federal Reserve Banks.
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