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H.4;l BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release August 15, 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 August 14 decreased $82 million to $18,786 million. Estimated required reserves decreased $138 million; and estimated excess reserves increased $56 million to $536 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $620 million, compared with $580 million the week before. The principal changes reducing average reserves were decreases of $69 million in Federal Reserve holdings of U. S. Government securities and $54 mil' lion in Federal Reserve float, and an increase of $86 million in money in circulation, The principal offsetting changes were an increase of $96 million in member bank borrowings and a decrease of $23 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit decreased $22 million. As of Wednesday, August 14, holdings of U. S. Government securities bought outright were $ 2 6 million lower than a week earlier and member bank borrowings were $263 million lower. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securitiesBought 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 August 14, 1957 Aug. 7, 1957 I Aug. 15, 1956 (In millions of dollars) 23,047 — 20 1,156 6 874 25,102 22,627 5,114 52,842 - 31 - 38 •- + 96 + 5 54 22 -- + - -371 - 21 + 3 +196 + 5 + 37 -152 +771 1 + 78 +696 +388 - 9 - 64 22 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) 31,069 764 475 363 273 1,113 34,057 + 86 3 23 > 8 4 3 -f" 61 + 28 Member bank reservesRequired reserves (estimated) Excess reserves (estimated) 18,786 18,250 82 +193 56 - 43 536 m - 4 +166 +504 +236 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 22,625 Treasury cash holdings 765 Treasury currency outstanding 5,115 Member bank) - Required (est.) 18,249 Money in circulation 31,058 reserves ) - Excess (est.) 84 On August 14, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,668 million, a decrease of $88 million for the week and a decrease of $47 million from the comparable date Digitized for a FRASER year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since August 15, August 7, 1956 1957 August 14, 1957 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 Acceptance s--bought outright U. S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 21,105,393 836*986 21,9^2,379 371,825 381,647 545,636 643 19,428 + 2. - + + + + 298 1,438 262,559 34 3 314,963 19,933,612 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 + + + + 784,000 13,442 770,558 53,189 1,938 286,564 284 2,313 26,100 - 214,407 +9,000,913 -9,153,913 367,407 147,400 514,807 23,050,325 •• 26,100 23,050,325 •• 26,100 - 23,616,032 22 - 288,622 - 799,342 5,550,729 80,799 144,142 52,007,575 +1,164,957 144 + + 16,015 + 892,555 + + 292,186 26,778,642 + 34,049 + 360,314 18,332,735 408,736 384,770 273,842 19,400,083 4,571,681 14,679 50,765,085 + + + 197,971 67,393 17,923 3,269 + 953,877 + + + 879,421 + 429,167 143,449 96,245 2,68l 479,052 266,750 2,145 145,867 59 + + 337,967 747,593 27,543 209,387 52,087,575 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments - 109,386 + +_ +" 881 13,075 892,555 47.5# 75,533 I,8l4 + + 1,755 21 10,556 83,316 241,893 20,220 53,981 +_ 21,825 + 241,893 + 1.8# + 25,128 681 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 14, 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 536,209 9,345 82 545,636 Industrial loans ~ S T 64 329 Acceptances 5,091 14,337 181 %%3 19,428 U. S. Government securities 164,963 150,000 19,946,105 680,635 750,375 1,358,247 23,050,325 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OF AUGUST 14, 1957 St. Phila- CleveBoston New York delphia land Richmond Atlanta Chicago Louis (In thousands of dollars) H.4.1(b) Total Minneapolis A S S E T S Gold certificate account 21,105,393 986,309 5,690,883 1149,749 1908,942 1333,174 803,058 3880,817 836,371 343,787 Redemption fund for 170,261 57,740 74,626 72,920 48,390 150,305 42,231 22,457 836,986 55,799 F. R. notes Total gold certificate 21,942,379 1042,108 5,861,144 1207,489 1983,568 1406,094 851,448 4031,122 878,602 366,244 reserves 8,515 16,096 73,443 52,674 16,690 22,748 72,433 25,410 371,825 30,086 F.R. notes of other Banks 8,388 35,918 20,749 30,055 54,726 21,045 90,454 24,778 381,647 25,081 Other cash 7,680 35,990 152,240 15,605 72,590 38,870 36,455 66,635 57,215 545,636 Discounts and advances 30 -286 ---— 643 327 Industrial loans Acceptances— 19,428 19,428 Bought outright U. S. Govt, securities: Bought outright— 78,766 18,385 27,666 20,124 16,314 54,977 13,025 6,797 314,963 17,180 Bills 1087,299 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 430,167 19,933,612 Certificates Notes 700,664 163.547 246.100 179.012 145,122 489,048 115,866 60.462 2,801,750 152,824 Bonds 1257^303 5,764'448 1345,517 2024,695 1472,754 1193,938 4023,457 953,246 497,426 23,050,325 Total Held under repurchase agreement Total U. S. Govt, sees. Kansas City San Dallas Franciscc 883,405 768,961 2519,937 40,282 25,124 76,851 923,687 794,085 2596,788 10,545 11,366 14,791 12,924 28,394 46,163 32,115 24,787 5,454 13,523 12,343 35,863 855,809 781,178 2269,720 120,288 109,798 319,019 989,620 903,319 2624,602 23.050,325 1257.303 5,764.448 1345.517 2024.695 1472.754 1193,938 4023,457 953,246 497.426 989,620 903,319 2624,602 Total loans & securities 23,616,032 1314,845 5,936,116 1361,408 2097,285 1511,624 1230,393 4090,092 960,926 533,446 1021,735 928,106 2630,056 Due from foreign "banks Uncollected cash items Bank premises Other assets l l / 6 2 2 1 1 3 1 1 1 1 ^ 9377883 354,784 514,181 436,979 463,502 891,016 233,646 154,963 299,465 277,527 575,334 5,550,729 411,449 80,799 144.142 TOTAL ASSETS 52,087,575 2836,378 12,944,415 3014,024 4669,301 3414,499 2660,975 9125,934 2114,044 1087,342 2277,652 2039,309 5903,702 22 as ate 1/ After deducting $16,000 participations of other Federal Reserve Banks. its as tin & as as 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 .Jlurplus (Section 7) ""Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Coating, liab. on acceptances purchased for foreign correspondents Industrial loan commit. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OK AUGUST 14, 1957 Phila- CleveSt. Boston New York delphia land Richmond Atlanta ,Chicago Louis (In thousands of dollars) Kansas City Dallas San Francisco 26,778,642 1597,787 6,285,847 1701,179 2542,029 2112,956 1258,241 5198,593 1189,552 470,125 1067,538 703,204 2651,591 18,332,735 782,282 5,177,073 860,691 1501,081 812,391 906,927 2907,208 653,373 421,577 854,018 976,531 2479,583 408,736 32,004 75,043 33,171 28,831 29,589 21,275 52,017 17,976 18,498 33,343 29,169 37,820 384,770 22,156 1/110,112 26,740 34,380 19,482 17,190 54,244 14,134 9,168 14,516 19,864 42,784 442 " 210,273 10,189 2,551 2.367 2,628 2,541 862 273,842 669 1,664 3,079 36,577 19,400,083 836,884 5,572,501 930,791 1566,843 863,829 948,020 3016,010 686,345 449,912 903,541 1028,643 2596,764 4,571,681 323,635 717,855 289,781 440,503 366,915 392,653 718,216 186,391 133,792 253,239 239,968 508,733 899 3,740 690 1,724 761 571 2,648 569 597 616 643 1,221 2759,205 12,579,943 2922,441 4551,099 3344,461 2599,485 8935,467 2062,857 50,765,085 1054,426 2224,934 1972,458 5758,309 14,679 337,967 747,593 27,543 209,387 17,174 43,948 3,011 13,040 99,478 208,002 7,319 49,673 21,143 52,301 4,489 13,650 32,126 66,393 1,006 18,677 15,351 37,594 3,349 13,744 16,181 45,802 33,179 110>421 762 1,429 11,368 32,815 11,390 29,331 521 9,945 7,323 18,520 1,073 6,000 13,582 27,983 1,137 10,016 18,871 37,508 1,307 9,165 39,546 82,413 2,140 21,294 52,087,575 2836,378 12,944,415 3014,024 4669,301 3414,499 2660,975 9125,934 2114,044 1087,342 2277,652 2039,309 5903,702 75,533 I,8i4 4,379 F. R. notes outstanding 27,710,412 1650,264 Collat. for F, R. notes: Gold certificate acct. 11,878,000 580,000 Eligible paper 54,675 U. S. Govt, securities 16,955,000 1150,000 Total collateral 2gfW,<?75 1730,000 [_^ z 1/ After deducting $274,658,000 participations 2/ After deducting $54,285,000 participations Minneapolis 2/21,248 5,285 17 6,795 68 3,850 — 1 3,398 -- FEDERAL RESERVE AGENTS ACCOUNTS 10,721 81 2,794 1,812 2,869 1^648 3,926 8,456 6,517,026 1771,091 2599,086 2169,186 1314,301 5306,664 1228,269 525,690 1094,630 751,773 2782,432 3,170,000 640,000 1130,000 895,000 400,000 2400,000 450,000 130,000 300,000 283,000 1500,000 —— 15 y255 —— —— —— —— 7,495 — 31,925 3,600,000 1200,000 1550,000 1310,000 1000,000 3000,000 875,000 425,000 820,000 525,000 1500.000 6,770,000 1855.255 2680,000 2205,000 1400.000 5400.000 1332.495 555.000 1151.925 808,000 3000.000 of other Federal Reserve Banks, of other Federal Reserve Banks.
@FedFRASER