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H.4.1 BOARD OF idVtitiNORS Of THE FEDERAL RESERVE SYSTEM For Immediate Release August 1, 1957 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE B A H CREDIT, AM) RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of daily figures of member bank reserves for the week ending July 31 decreased $304 million to $18,88$ million. Estimated required reserves decreased $89 million; and estimated excess reserves decreased $215 million to $352 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $201 million, compared with $172 million the week before. The principal changes reducing average reserves were decreases of $353 million in Federal Reserve float, $186 million in member bank borrowings, and $151 million in U, S. Government securities bought outright. The principal offsetting changes were an increase of $169 million in U. S. Government securities held under repurchase agreement, and decreases of $109 million in "other" F. R. accounts (net) and $90 million in money in circulation. Total Reserve Bank credit decreased $524 million. As of Wednesday, July 31, holdings of U. S. Government securities bought outright were $106 million lower than a week earlier and member bank borrowings were $14 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 Acceptances--bought outright Loans, discounts, and advancesMember 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) Averages of daily figures Change from week ending For week ending July 24, 1957 I Aug. 1, 195b July 31, 1957 In millions of dollars) (I 23,084 276 21 553 1 998 25^932" 22,626 5,110 52,668 30, 773T"6* 494 370 278 961 33,783 Member bank reservesRequired reserves (estimated) Excess reserves (estimated) 18,885 18,533 352 -151 +169 - 2 +276 -186 -137 -353 -524 + 1 - 48 -240 +797 - 90 - 3 - 13 - 15 +334 - 1 - 25 + 2 -522 + 11 -109 -218 -304 - 89 -215 -334 + 3 + 76 +633 + 86 + 5 - 60 +339 +294 +4l8 -124 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 22,626*7 Treasury cash holdings 7#f ' ' Treasury currency outstanding 5,112*/ Member bank) - Required (est.) 18,561 Money in circulation 30,989"S3 reserves ) - Excess (est.) 69 On July 31# 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,730 million, an increase of $3 million for the week and an increase of $51 million from the comparable date year ago. Digitized a for FRASER H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Aug, 1, July 24, 1956 1957 July 31, 1957 ASS ETS account certificate Gold 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 21,105,392 840,758 21,946,150 384,176 386,694 420,262 608 19,431 343,563 11,362,199 8,571,413 23,078,925 275,800 23,354,725 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 9,998 1,828 + + 14,023 79C975 48,736 2,110 + 1,823 353 2,318 - 106,016 + 185,807 429,500 + - 338,807 275,800 63,007 + + + 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 9,872 14,386 48 - 10,456 - 106,016 - 106,016 93,692 62,865 + 281,507 4,872,763 80,425 288,187 51.753.4H + + + 63,122 63 ... 13,026 12,099 + 10,740 + 86,184 +1,148,824 26,671,496 + 12,218 + 307,518 18,630,266 • 129,166 + 35,016 - 18,891 + 307,973 401 504,451 364,113 296,158 19,794,988 3,976,349 , 13,925 50,456,758 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 12,660 - 582,500 23,795,026 22 + 809,001 + + + + 69,363 2 9 ^ 406,230 345,856 - 9^289 + 100,193 337,634 747,593 27,543 183,915 51,753,443 + 3,694 - 115,976 12,099 47.256 + .1# + 1,0# + 70,148 1.795. 2,827 48 + 22,226 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + 182,360 106 + 22 +1,059,626 + + 20,166 53,981 + 15,0^1 +1,148,824 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JULY 31, 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 409,852 10,410 Industrial loans 69 64 294 Acceptances 7,848 11,583 181 420,262 .535 19,431 U» S. Government securities 8,188,965 6,869,510 5,506,993 680,635 750,375 1,358,247 23,354,725 H.4.l(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 OH JULY 31, 1957 St. Phila- CleveBoston Richmond Atlanta Chicago New York Louis land delphia (In thousands of dollars) 21,105,392 1002,759 840,758 21,946,150 5,684,717 1128,904 55.992 171.076 58.045 Minneapolis Kansas City Dallas San Francisco 1915,961 1330,017 818,200 3856,440 852,655 360,481 888,078 817,382 2449,798 74.960 74.000 48.558 150.693 42,331 22.484 40,362 77,070 25,187 1058,751 5,855,793 1186,949 1990,921 1404,017 866,758 4007,133 894,986 382,965 928,440 842,569 2526,868 F.R. notes of other Banks Other cash 384,176 386,694 31,028 26,261 71,287 87,275 44,301 22,846 22,587 36,604 24,494 20,347 71,347 31,437 27,476 58,133 9,045 20,855 21,821 7,353 11,913 18,951 14,643 34,486 47,916 Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Sought outright— Bills Certificates "Notes Bonds Total Held under repurchase agreement 420,262 31,575 327 65,375 46,755 45,019 36,435 31,970 67,310 6,730 25,423 30 40,770 15,750 7,150 30,178 21,952 17,795 59,969 14,208 20,054 18,740 85,919 343,563 998,033 725,965 588,528 1983,283 469,884 11,362,199 619,763 2,841,470 663,246 752,896 547,653 443,974 1496,149 354,471 8,571,413 467,536 2,143,548 500,339 246,100 179,012 145,122 489,048 115,866 700,664 163,547 2,801,750 152,824 23,070,925 1258,863 5,771,601 1347,186 2027,207 1474,582 1195,419 4028,449 954,429 7,414 245,196 184,971 60,462 498,043 14,750 487,813 367,996 990,^7 13,464 39,120 445,273 1293,745 335,905 975,975 109,798 319,019 904,440 2b27,»59 498,043 990,847 904,440 2627,859 Total U. S. Govt, sees. 608 19,431 19,431 275,800 -- Due from foreign banks Uncollected cash items Bank premises Other assets 22 4,872,763 80,425 288.187 TOTAL ASSETS 51,753,443 6.047,401 1347,186 2027,207 1474,582 1195,419 4028,449 954,429 1290,765 6,132,207 1394,192 2072,226 1511,017 1227,389 4095,759 961,159 523,496 1031,617 920,190 2635,009 1 369,916 5,150 15.388 1 / 6 2 2 1 1 3 1 1 4,625 16.424 9,171 25,381 7,149 18,073 5,622 14,805 6,476 51,682 5,553 11,654 5,119 6,141 1 1 2 8567916 299,067 423,735 355,786 354,411 845,842 193,177 117,680 307,917 257,602 490,714 10,339 72,677 4,761 12.151 5,448 11,726 11,012 32,085 2797,260 13,086,500 2968,406 4580,627 3340,884 2571,770 9092,504 2096,430 1065,687 2304,153 2071,130 5778,092 1/ After deducting $16,000 participations of other Federal Reserve Banks 120,288 275,800 23.354,725 1258.863 !Dotal loans & securities 23,795,026 251 8,464 HA.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 JULY 31, 1957 St. ClevePhilaRichmond Atlanta Chicago New York delphia Boston Louis land Minneapolis Kansas City Dallas San Francisco 26,671,496 1598,054 6,281,991 1693,212 2528,373 2101,043 1247,631 5174,426 1183,931 473,344 1061,521 696,426 2631,544 18,630,266 504,451 364,113 296,158 19,794,900 766,232 5,381,175 869,713 1492,597 813,062 888,786 2993,250 674,872 425,082 853,405 1015,332 2456,760 70,692 38,107 44,926 36,896 50,401 50,101 18,606 21,583 58,376 40,333 38,623 35,807 8,520 13,490 l8,46o 39,760 24,850 31,950 18,105 15,975 50,410 13,135 20,590 1/108,868 459 823,088 228,727 5,789,462 299,386 654,290 952 13,925 50,456,758 2721,480 3,253 12,728/996 17,171 43,948 3,011 208,002 3,976,349 10,605 1,365 943,275 1570,838 1,913 869,976 5,306 3,352 1,577 960,468 3097,113 708,190 883 806 3,481 37,684 456,068 926,077 1077,606 2572,827 240,694 363,455 300,851 302,901 632,498 153,634 103,175 264,478 230,867 430,120 656 1,989 589 581 2,801 2877,837 4464,655 3272,459 2511,581 890b,030 485 467 539 399 13,579 18,823 37,508 2046,240 1033,054 2252,615 2005,290 1,214 5635,705 CAPITAL ACCOUNTS ^Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Conting. liab. on accept-ances purchased for foreign correspondents Industrial loan commit. 337,634 747,593 27,543 183,915 51,753,443 11,650 7,319 42,779 21,116 52,301 4,489 12,663 32,120 66,393 1,006 16,453 15,350 16,180 12,132 10,068 37,594 3,349 33,179 762 45,649 110,421 1,429 28,167 11,385 29,331 521 8,953 9,969 2,597 6,318 3,580 3,159 4,914 82 — 13 52 FEDERAL RESERVE AGENTS' ACCOUNTS 27,686,355 1655,050 6,517,551 1770,807 2596,216 2165,709 1318,881 5279,839 1236,835 70,148 1,795 7,323 18,520 1,073 5,717 27,983 1,137 8,839 1,307 8,194 39,534 82,413 2,l4o 18,300 2797,260 13,086,500 2968,406 4580,627 3340,884 2571,770 9092,504 2096,430 1065,687 2304,153 2071,130 5778,092 4,072 F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. 11,878,000 580,000 Eligible paper 94,255 U. S. Govt, securities 16,955,000 1150,000 Total collateral 28,927.2551 1730,000 l/ After deducting $255,245,000 participations 2/ After deducting $50,474,000 participations 99,404 2/19,674 1,685 —— 2,668 1,648 3,650 "— 7,862 -• 527,901 1092,194 745,245 2780,127 3,170,000 640,000 1130,000 895,000 400,000 2400,000 450,000 130,000 300,000 283,000 1500,000 —— 40,770 — 46,755 — -— -6,730 3.600.000 1200,000 1550.000 1310,000 1000.000 3000.000 875.000 425.000 820.000 6[770|000 1886/755 2680.000 2205^000 l400l000 5400.000 1331.730" 555.000 1160.770 of other Federal Reserve Banks. of other Federal Reserve Banks. — —~ 52S.000 1500.000 808.000 1000.000
@FedFRASER