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BOAED OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release August 27, 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 August 26 increased $77 million to $18,586 million. Estimated required reserves increased $53 million; and estimated excess reserves increased $24 million to $462 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $478 million, compared with $507 million the week before. The principal changes supplying average reserves were decreases of $100 million in money in circulation, $74 million in Treasury deposits with Federal Reserve Banks, and $28 million in "other" deposits with Federal Reserve Banks, and an increase of $49 million in U. S. Government securities held under repurchase agreement. The principal offsetting changes were a decrease of $115 million in Federal Reserve float and an increase of $48 million in "other" F. R. accounts (net). Total Reserve Bank credit decreased $77 million. As of bought outright securities held bank borrowings Wednesday, August 26, holdings of U. S. Government securities were $26 million higher than a week earlier, U. S. Government under repurchase agreement were $43 million lower, and member were $28 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 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 reserves-Required reserves (estimated) Excess reserves (estimated) Averages of daily figures Week ended Change from week ended August 26, August 19, August 27, 1959 1959 I958 (In millions of dollars) Wednesday August 26 1959 26,518 55 21 - 7 + 49 - l +1,26l + 55 12 26,519 -21 940 1 950 28,485 + 670 5,283 53,369 - 5 + 1 -115 - 77 - 1 + 1 - 76 552 5 761 27,858 19,600 5,283 52,741 31,951 395 564 257 321 1,294 34,782 -100 - 2 - 74 + 1 - 28 + 48 -155 18,586 + 77 + 53 + 24 19,600 18,124 462 — — 93 +2,068 -1,486 + 72 + 655 + - + + + + -h - 702 293 78 23 1 82 59k 60 171 111 31,887 395 534 284 342 1,258 34,699 18,041 18,134 93 On August 26, 1959/ U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $4,246 million, an increase of <p3o million for the week and an jnorease of $857 million from the comparable date a year ago. H.1(a) STATEMENT OF CONDITION OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) 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 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS August 26, 1959 18,371,140 990,661 19,301,301 419,775 389,437 556,727 Change since August 19, August 27, 1958 1959 : + + + - 1,259,751 + 62,259 - 1,197,492 + + + 2,517,800 10,506,993 11,010,298 2,483,771 26,518,862 • mm 26,518,862 + — •» + 1,301,840 + 1,301,840 + 15,334 + 1,658,332 — «• -- + 457,836 + 6,843 + 22,428 + 1,029,012 - 778,897* 180 17,624 706,834 - 66,412 + 76,187 • - + - 41.3# + 73,133 350 25,600 • 868,4l0 205,209 52,397,695 382,484 -11,000,298 +11,000,298 42,900 17,300 - C A P I T A L A C C O U N T S Capita-paid In" Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 283,663 + 1,301,840 — — + 342,114 19,200,576 4,191,800 38,722 50,941,592 18,041,265 533,534 25,600 -- 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 27,510,494 65,805 15,260 367,360 341 10,527 20,553 27,096,142 15 4,953,236 96,762 140,527 52,397,695 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 1/ Net change after elimination of Sec. 13b su * August 19 figures revised. 2* 133 135* 36,364 3,056 32,635 + + - - + - + - 16,596 24,872 2,441 37,160 572,618 1,142 675,048 + + + - + + + 642,925 198,548 58,379 27,809 22,613 89,747 372,822 21,792 947,792 + 26,727 1/+ 31,669 + 22,824 32,463 706,834 + 1,029,012 677 .1# - 3.1 20,080 686 543,000 on Sept. 2, 1958. 1,282 • ~ MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 26, 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 Acceptances 465^42 5/825 90r5?4 'i.ni 14,729 191 U. S. Government securities 310,660 6,396,450 11,817,683 6,523,912 410,385 556,727 20,553 % 1,059,772 26,518,062 H.4.1(h) Total STATEMENT OF CONDIT]CON OF EACH FEDERAL RESERVE BANK ON AUGUST 26, 1959 St. ClevePhilaChicago Atlanta Richmond New York Boston Louis delphia land Minneapolis Kansas City Dallas San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 18,371,140 930,661 19,301,801 861,598 4,704,512 1027,852 1633,772 1063,944 889,281 3321,460 669,991 369,491 711,595 671,616 2446,028 55,770 192,028 60,259 84,932 78,044 57,491 176,075 42,767 23,328 43,986 29,671 86.310 917,368 4,896,540 1088,111 1718,704 1141,988 946,772 3497,535 712,758 392,819 755,581 701,287 2532,338 F.R. notes of other Banks Other cash 419,775 389,437 44,354 26,132 74,919 69,951 36,872 16,048 33,517 25,359 66,513 38,565 30,306 12,369 26,923 25,734 8,236 14,557 34,684 13,623 12,292 40,837 53,924 Discounts and advances Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 556,727 9,500 88,570 11,250 63,745 31,509 89,640 109,528 24,225 28,890 54,960 24,960 19,950 108,529 100,496 452,904 419,376 474,599 439,465 107,063 >437 1143,095 1058,474 1200,098 1257,585 263,694 3028,958 21,718 59,219 22,560 20,553 20,553 2,517,800 136,502 10*506,993 569,637 11,010,298 596,923 2,483,771 134,658 26,518,862 1437,720 633,610 143,581 217,986 161,360 132,698 435,711 102,399 57,347 2,644,106 599,172 909,674 673,373 553,760 1818,256 427,319 239,318 2,770,763 627,873 953,250 705,628 580,287 1905,354 447,789 250,782 625,046 141,639 215,040 159,180 130,905 429,821 101,015— v y56,573 j /;^ 6,673,525 1512,265 2295,950 1699,541 1397,650 4589,142 1078,522 604,020 287,581 Total U. S. Govt, sees. 26,518,862 1437,720 6,673,525 1512,265 2295,950 1699,541 1397,650 4589,142 1078,522 604,020 1143,095 1058,474 3028,958 Total loans & securities 27,096,142 1447,220 Due from foreign banks Uncollected cash items Bank premises Other assets 15 4,953,236 96,762 140,527 TOTAL ASSETS 52,397,695 1 345,953 4,463 7,370 6,782,648 1523,515 2359,695 1731,050 1487,290 4698,670 1102,747 632,910 1198,055 1083,434 3048,908 1 / 4 1 892,631 315,802 10,117 34,259 4,104 7,619 1 418,926 9,355 12,273 1 395,139 9,602 8,353 2 756,660 13,467 23,398 1 208,399 6,943 5,759 2 / 145,060 5,115 3,156 1 249,305 4,692 6,937 1 273,394 9,581 5,8l8 1 550,092 12,479 16,699 2792,861 12,761,069 2997,742 4569,686 3349,520 2952,235 9079,257 2074,710 1214,219 2250,754 2100,364 6255,278 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 1 401,875 6,844 8,886 H.4.1(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 27,510,494 18,041,265 533,534 283,663 342,114 19,200,576 4,191,800 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE B A M OH AUGUST 26 ClevePhilaAtlanta Chicago New York Boston land .Richmond delphia (In thousands of dollars} 1939 St. Louis Minneapolis Kansas City San Dallas Francisco 1586,047 6,400,296 1734,723 2536,588 2067,128 1508,044 5250,762 1200,838 609,528 1103,314 791,556 2721,670 4,825,172 843,513 1458,599 811,185 958,965 2859,296 621,4l4 408,598 819,969 939,484 2746,815 26,270 49,906 41,624 64,063 55,955 35,904 48,628 35,073 51,464 64,242 23,317 6,480 10,530 14,040 30,240 14,850 1/ 89,263 17,820 24,300 13,500 12,690 39,960 9,990 246 1,273 791 47,668 1,253 "" 280,569 2,019 2,649 2,229 2,488 569 360 801,446 5,250,959 899,256 1534,176 861,987 1025,607 2964,067 655,081 441,594 881,678 995,939 2888,785" 748,255 37,088 321,289 703,313 265,939 364,380 342,438 346,186 642,340 l6l,044 126,195 205,646 236,622 476,408 2,270 9,845 1,914 3,655 38,722 50,941,592 2711^052 12,364^413 2901^832 4438,799 1,207 1,684 1,781 4,640 2,258 1,976 6,085 1,407 3273,811 2881,813 8863,254 2018,370 1178,524 2192,322 2025,898 6091,504 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. 382,484 868,410 205,209 52,397,695 73,133 350 18,975 50,116 12,718 36,003 76,643 18,241 17,132 44,846 13,731 19,663 52,188 39,474 11,285 132,159 31,656 12,733 33,746 9,861 8,685 20,785 6,225 15,599 32,935 9,898 21,926 43,436 9,104 47,071 95,761 20,942 2792,861 12,761,069 2997.742 4569,686 3349,520 2952,235 9079,257 2074,710 1214,219 2250,754 2100,364 6255,278, 4,020 F. R. notes outstanding 28,494,382 1645,820 Collat. for F. R. notes: Gold certificate acct. 10,750,000 580,000 Eligible paper 79,185 U. S. Govt, securities 18,910,000 1150.000 Total collateral 29,739,185 1730'000 1/ After deducting $194,4(DO,000 partiLcipations 2/ After deducting $52,6;32,000 partiLcipations 109,756 22,753 238,902 59,607 47,998 122ZL 13,550 2/ 20,501 4,825 6,579 3,655 3,436 10,819 2,705 1,754 10 2,851 340 3,801 8,187 FEDERAL RESERVE AGENTS' ACCOUNTS 6,627,393 1788,727 2595,295 2147,977 1575,612 5360,119 1250,810 626,285 1136,257 840,199 2899,WW 2,920,000 640,000 920,000 670,000 500,000 2000,000 430,000 200,000 300,000 290,000 1300,000 24,225 4,000,000 1200,000 1750.000 1500,000 1200,000 3500,000 935.000 — 450,000 54,960 850,000 575,000 1800,000 6,920,000 1840,000 2670,000 2170,000 1700,000 5500,000 1389,225 650,000 1204,960 865,000 3100,000 of other Federal Reserve Banks. of other Federal Reserve Banks.
@FedFRASER