The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H.4.1 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release August 22, 1957 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AMD 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 21 increased $20 million to $18,806 million. Estimated required reserves increased $28 million; and estimated excess reserves decreased $8 million to $523 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $402 million, compared with $625 million the week before. The principal changes supplying average reserves were an increase of $353 million in Federal Reserve float, and decreases of $20 million in foreign deposits with Federal Reserve Banks and $14 million in money in circulation. The principal offsetting changes were decreases of $23-1 million in member bank borrowings and $13 million in U. S. Government securities bought outright, and increases of $90 million in "other" F. R. accounts (net) and $38 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $109 million. As of Wednesday, August 21, holdings of U. S. Government securities bought outright were $17 million lower than a week earlier and member bank borrowings were $163 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 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 Change from week ending For week ending August 21, 1957 August 14, 19571August 22,1956 (In millions of dollars) 23,034 - 13 1 + 2 *** 925 -231 1,227 25,211 22,625 5,116 52,952 +353 + 47 + 5 + 2 +110 -431 +769 + 79 +415 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) 31,055 762 513 343 270 1,203 - 14 +4oi Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 18,806 18,283 * 19 6 523 - -11-10*0%* -412 -128 +109 - - 2 2 + 38 — 20 - 3 + 90 +"59 + 56 - 16 + 28 + 50 + 4 +259 +727 + 20 + 28 - 8 -130 Less than $500,000 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 Treasury cash holdings 764 Treasury currency outstanding 5,117 Member bank) - Required (est.) 18,284 Money in circulation 31,001 reserves ) - Excess (est.) 203 On August 21, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,604 million, a decrease of $64 million for the week and a decrease of $72 million from the comparable date a year ago. H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances—bought outright U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U, S. Government securities August 21, 1957 August l4, 1957 21,102,394 838,499 21,940,893 396,620 394,149 2,999 1,513 1,486 24,795 12,502 163,033 36 7 708,669 607 19,421 298,463 19,933,612 + - + + + - . 16,500 — -- - - 2,801,750 23,033,825 23,033,825 23,762,522 22 5,114,725 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 81,085 65,423 51,755,439 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,754,627 18,487,391 480,164 341,768 256,794 19,566,117 4,086,690 14,478 50,421,912 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 338,046 747,593 27,543 220,345 51,7551439 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 47.4$ 71,771 1,839 since August 22, 1956 + 4- + - + 357,407 +9,000,913 -9,153,913 -- 16,500 510,407 16,500 - 510,407 146,490 - 605,940 + + ~ + 781,002 11,754 769,248 64,373 886 97,517 323 2,307 -- - - - 78,719 332,136 + 468,937 10,775 172,606 533,901 - 24,015 4- 359,841 - 436,004 286 + - - 154,656 71,428 43,002 17,048 166,034 484,991 201 343,173 + 79 + + - + - - 271,533 73,354 + 37,925 + 4,752 302,210 + 380,546 1,768 + 436,409 • - + + 20,233 53,981 mmm - - - 10,958 332,136 + + 23,278 533,901 - .Vjo + 1,6$ 4" * + 3,762 25 - 19,359 668 MATURITY DISTRIBUTION OF LOANS AND SECURITIES. AUGUST 21, 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 "699,957 8,652 60 708,669 Industrial loans 60 73 303 171 Wf Acceptances 5,1^7 14,274 19,421 U. S. Government securities 159,063 139,400 19,946,105 680,635 750,375 1,358,247 23,033,825 Total Boston OF C0HDIT]COW OF EA()H FEDERA] RESERVE BANK ON AUGUST 21, 1957 Phila- CleveSt. New York delphia land Richmond Atlanta Chicago Louis | I E.4.1(b) Minneapolis Kansas City Dallas San Francisco ASSETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 21,102,394 1033,033 838,499 55,720 21,940,893 1088,751 5,516,136 1135,249 1913,457 1350,544 169,958 57.611 75,490 72,483 813,989 3941,093 48.317 830,609 377,145 887,654 768,735 2534,750 150.164 5,686,094 1192,860 1988,947 1423,027 862,306 4091,257 42,195 22,428 42.252 25,103 76.778 872,804 399,573 929,906 793,838 2611,528 F.R, notes of other Banks Other cash 396,620 394,149 37,538 25,104 74,448 92,095 26,828 57,612 17,663 36,573 24,089 22,300 72,057 27,572 11,171 16,146 7,429 10,424 11,547 16,483 14,735 31,417 48,561 Discounts and advances Industrial loans AcceptancesBought outright U.« S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 708,669 33,715 307,105 24,965 69,450 39,330 51,005 53,010 28,009 17,863 29 48,120 29,087 7,010 607 318 19,421 260 31,124 55,997 21,856 19,421 298,463 16,280 74,640 17,422 26,216 19,070 15,459 52,097 12,343 19,933,612 1087,299 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 6,44l 12,814 11,697 35,984 430,167 855,809 781,178 2269,720 2.801.750 152.824 23,033,825 1256,403 700-664 163.547 246.100 179.012 145.122 489.048 5,760,322 1344,554 2023,245 1471,700 1193,083 4020,577 115.866 60.463 952,564 497,070 120.288 988,911 109.798 TL9.019 902,673 2622,723 Total U. S. Govt, sees. 23,033,825 1256,403 5,760,322 1344,554 2023,245 1471,700 1193,083 4020,577 952,564 497,070 988,911 902,673 2622,723 Total loans & securities 23,762,522 1290,436 6,086,848 1369,779 2092,695 1511,030 1244,088 4073,587 980,573 514,962 1037,031 931,760 2629,733 Due from foreign hanks Uncollected cash items Bank premises Other assets TOTAL ASSETS 22 1 426,372 81,085 5,153 65,423 3,548 5,114,725 1/6 8867759 10,496 15,028 2 316,462 1 1 3 1 1 1 1 2 5,138 1,409 4,770 5,631 3,361 10,955 402,804 400,817 848,762 197,571 135,291 262,580 259,637 527,419 7,149 4,009 5,712 3,444 6,477 13,217 5,651 2,477 2,726 6,983 51,755,439 2876,905 12,851,774 2971,679 4601,169 3394,409 2619,549 9116,872 2092,104 1079,949 2258,985 2025,446 5866,598 l/ After deducting $16,000 participations of other Federal Reserve Banks 2 450,251 4,625 9,328 3,511 5,710 H>4.l(c) Total LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH AUGUST 21, 1957 Phila- Cleve- Richmond Atlanta Chicago St. Boston New York delphia land Louis (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco Federal Reserve notes 26,754,627 1592,741 6,284,550 1699,607 2541,698 2116,386 1247,064 5205,698 1190,352 468,740 1065,143 705,495 2637,153 Deposits: Member bank reserves 18,487,391 827,084 5,201,627 862,536 1495,306 819,343 919,830 2946,040 649,874 426,792 867,844 970,239 2500,876 480,164 43,157 H .S. Treas. -gen. ac c t. 39,247 34,270 33,703 35,634 33,647 68,555 25,814 26,915 44,190 41,437 53,595 341,768 19,082 1/105,217 23,030 29,610 16,779 14,805 46,718 12,173 7,896 12,502 17,108 36,848 "Foreign 1,004 198,436 10,579 2^310 256,794 1,845 1,777 1,618 Other 394 308 671 2,752 35,100 Total deposits 19,566,117 889,717 5,544,527 930,415 1560,929 873,601 970,059 3062,931 688,865 461,911 925,207 1031,536 2626,419 Deferred availability jcash items (SEfoer liabilities and accrued dividends TOTAL LIABILITIES 4,086,690 315,716 651,476 248,753 377,500 332,869 340,045 652,995 160,716 115,597 214,848 220,344 455,831 14,478 538 546 767 1,262 933 3,525 605 1,765 745 695 2,581 516 50,421,912 2799,107 12,484^078 2879,380 4481^892 3323,601 2557,863 8924^205 2040,449 1046,786 2205,744 1950,142 5720,665 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. 338,046 747,593 27,543 220,345 17,174 43,948 3,011 13,665 21,144 52,301 4,489 14,365 32,137 66,393 1,006 19,741 15,351 37,594 3,349 14,514 16,182 45,848 33,179 110,421 762 1,429 11,563 34,969 11,391 29,331 521 10,412 7,325 18,520 1,073 6,245 13,586 27,983 1,137 10,535 18,872 37,508 1,307 9,617 39,548 82,413 2,140 21,832 51,755,439 2876,905 12,851,774 2971,679 4601,169 3394,409 2619,549 9116,872 2092,104 1079,949 2258,985 2025,446 5866,598 6,462 2,728 5,026 3,662 3,231 10,196 3,734 8,04l 2,657 1,723 68 1,648 81 42 FEDERAL RESERVE AGEMB' ACCOUNTS 27,722,982 1654,028 6,517,673 1767,911 2608,035 2175,748 1309,327 5303,453 1232,482 524,659 1091,486 751,439 2785,941 71,771 1,839 4,l64 F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. 11,878,000 580,000 Eligible paper 100,370 U- S. Govt, securities 16,955,000 1150,000 Total collateral 20,933,370 1730,000 1/ After deducting $236,551,000 participations 2/ After deducting $51,624,000 participations 99,488 208,002 7,319 52,887 2/20,147 3,170,000 640,000 1130,000 895,000 400,000 2400,000 450,000 130,000 300,000 283,000 1500,000 —— 24,615 —— ~~ — —— —— 27,825 —47,930 —— 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 1064,615 2680,000 2205,000 1400,000 5400,000 1352,"825" 555,000 1167,930 000,000 3000,000 of other Federal Reserve Banks. of other Federal Reserve Banks.
@FedFRASER