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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release December 12, 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 December 11 increased $4 million to $19,027 million. Estimated required reserves increased $22 million; and estimated excess reserves decreased $18 million to $469 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $200 million, compared with $131 million the week before. The principal changes supplying average reserves were increases of $154 million in Federal Reserve holdings of U. S. Government securities and $51 million in member bank borrowings. The principal offsetting changes were increases of $161 million in money in circulation, $39 million in "other" F. R. accounts (net), and $27 million in foreign deposits with Federal Reserve Banks. Total Reserve Bank credit increased $230 million. As of bought outright securities held bank borrowings Wednesday, December 11, holdings of U. S. Government securities were $45 million higher than a week earlier, U. S. Government under repurchase agreement were $49 million higher, and member were $469 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 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 For week ending Change from week ending Dec. 11, 1957 Dec. 4, 1957 1 Dec. 12, 1956 (In millions of dollars) 23,574 312 +94 + 60 + 919 153 + 4 + 8 - 4 6 669 8 1,020 25,617 22,766 5,142 53,526 +51 - 1 + 15 +230 + 3 + 1 +236 30 2 - 206 -1,016 + 842 + 80 92 31,827 +161 - 4 +13 +27 + 167 - 39 24 25 9 769 318 318 6 186 1,080 - 5 + 39 + 78 79 34,498 +231 + 99 19,027 18,558 + 4 +22 - 193 95 469 - 18 - 98 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: 22,770 Treasury cash holdings 770 Gold stock Treasury currency outstanding 5,142 Member bank) - Required (est.) 18,695 Money in circulation 31,878 reserves ) - Excess (est.) 519 On December 11, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $ 3 , 8 0 8 million, an increase of $3 million for the week and-an increase of $171 million from the comparable date a year ago. H,4.1(a) STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Dec. 12, Dec. 4, 1956 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 Acceptances: Bought outright Held under repurchase agreement Ut S. Government securities: Bought outrightBills 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 vo X/l -a Dec. 11, 21,226,392 860,592 22,086,984 345,344 325,069 971,543 498 25,857 4,710 + + 2,801 2,094 & 4,273 19,933,612 + 45,000 — - - 2,801.750 + + + + + + 862,000 2,446 'i6k,hh6 - 60,236 27,965 412,556 319 • 5,907 10,374 762,247 +9,000,913 -9,153,913 mm 23,599,635 272,800 23,672.435 + + + 45,000 49,200 94,200 24,875,043 12 4,677,961 83,452 201,058 52,594,923 + 572,959 + + + 27,493,363 + 19,213,931 332,774 330,147 306,53V* + 133,091 88,413 + 18,833 22,578 • 91,997 1.123 35S2* 58,804 + 417,172 + 120,454 97,894 + 3,505 179 + 464,494 + 121,236 LIABILITIES 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 20,058,888 3,716,869 24.409 51,293,529 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 342,150 747,593 27,543 184.108 52,594,923 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 8,000 352 8,352 11,275 3,731 + 473,888 24 + + + + 182,036 46.14 68,670 1,124 - - + • 915,247 119,100 796,147 178,292 94 15,394 426,051 400,191 10 387,726 I0,i4l + 42,512 + 132,349 167,597 + .. 163,831 + + + + 290 + 17,934 53,981 — 38,733 + 426,051 - + " 60,802 + 132,349 m .6# + 1,6# 1,058 21 + 17,035 lf037 - MATURITY DISTRIBUTION OF LOANS AMD SECURITIES. DECEMBER 11> 1957 (Acceptances and securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements») U. S. Government Discounts and Industrial securities Acceptances loans advances Within 15 days 297,800 10,518 959,422 69 16 days to 90 days 20 20,049 6,333,773 12,095 91 days to 1 year 14,451,605 26 267 Over 1 year to 5 years 680,635 142 Over 5 years to 10 years 750,375 Over 10 years 1,358,247 http://fraser.stlouisfed.org/ Total 23,872,435 30,567 971,543 Federal Reserve Bank of St. Louis a.4.1(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 OK DECEMBER IX, 1957 PhilaCleveSt. Boston New York Richmond Atlanta Chicago delphia land Louis (In thousands of dollars) Minneapolis Kansas City Dallas San Francisc 21,226,392 1047,548 5,648,224 1149,361 1907,779 1370,251 845,328 3806,287 878,360 384,687 772,876 808,410 2607,281 860.592 . 56.169 183.046 59.098 78.776 74.146 49.022 152.324 42.415 22.189 41.648 26.519 75.220 22,086,984 1103,717 5,831,270 1208,459 1986,555 1444,397 894,350 3958,611 920,775 406,876 814,524 834,949 2682,501 F.R. notes of other Banks 78,010 24,206 14,441 31,275 54,592 28,223 345,344 25,981 9,044 15,194 7,494 18,987 37,897 Other cash 325,069 17,544 65,195 18,757 22,357 24,123 23,354 55,167 21,655 8,302 11,115 11,928 45,572 Discounts and advances Industrial loans Acceptances: Bought outright Held under rep. agree. U* S. Govt, securities: Bought outrightBills Certificates Notes Bonds Total Held under rep* agree. 2,801,750 152.824 700.664 161.547 246.100 179.012 145.122 489.048 115.866 60.462 120.288 109.798 119.019 23,599,635 1287,266 5,901,820 1377,582 2072,945 1507,851 1222,390 4119,340 975,963 509,280 1013^203 924^846 2687*149 272.800 272,800 — — — —m mkwm -m, Total Ui S. Govt* sees. 23,872.435 1287.266 6,174.620 1377.582 2072.945 1507.851 1222.390 4U9.340 975.963 509.280 1013.203 924.846 2687.149 Total loans & securities 24,875,043 1330,756 6,526,488 1409,507 2175,790 1535,630 1261,924 4387,456 1014,702 514,161 1086,121 940,058 2692,450 971,543 498 25,857 4,710 43,197 293 321,301 31,745 102,845 180 27,779 39,534 268,116 38,739 4,856 25 72,918 15,212 5,301 25,857 4,710 864,273 47,143 216,138 50,450 75,916 55,221 44,766 150,860 35,742 18,651 37,106 33,870 98,410 19,933,612 1087,299 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 824,355 430,167 855,809 781,178 2269,720 Due from foreign "banks Uncollected cash items Bank premises Other assets 12 1 1 / 3 1 1 1 1 2 2 / 2 / 2 / 1 1 4,677,961 346,081 791,175 299,748 424,547 380,693 425,064 775,443 211,588 134,338 227,382 206,927 454,675 83,452 5,015 10,652 4,536 9,659 7,042 6,296 6,827 6,016 5,284 4,908 6,276 10,941 201.058 10,925 49,085 11.389 17.722 12.707 10.412 37.131 8.108 t.%8 8.446 8.411 22.4l4 TOTAL ASSETS 52,594,923 2840,020 13,351,878 2976,603 4651,072 3435,868 2675,993 9248,860 2192,188 1088,463 2159,990 2027,537 5946,451 1/ After deducting $9,000 participations of other Federal Reserve Banks. 2/ Less than $500* H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 11, 1957 CleveSt. Boston New York PhilaRichmond Atlanta Chicago land delphia Louis (In thousands of dollars) Total LIABILITIES Federal Reserve notes Deposits: Member tank reserves U.S.Treas.-gen.acct. Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Minneapolis Kansas City Dallas San Franc isc( 27,493,363 1636,307 6,474,371 1732,839 2623,713 2199,531 1292,150 5329,890 1225,945 485,384 1078,840 738,640 2675,753 19,213,931 795,111 5,704,888 861,095 1508,853 810,181 931,215 3024,950 714,434 435,900 817,090 989,877 2620,337 60,776 14,950 19,318 27,758 16,605 46,382 16,086 17,801 26,101 30,856 36,646 332,774 19,495 330,147 19,198 1/92,158 23,170 29,790 16,881 14,895 47,002 12,247 7,944 12,578 17,212 37,072 182,036 529 "125.373 9,838 893 2,151 1,636 281 725 1.503 36.349 l,p? 22L 20,058,888 834,333 5,983,195 909,053 1558,854 856,971 964,474 3119,331 744,405 461,926 856,494 1039,448 2730,404 3,716,669 292,359 527,720 243,007 349,645 309,361 357,649 609,724 170,611 107,640 171,859 182,350 394,944 24,409 1,091 7,166 1,176 2,836 1,286 1,085 3,702 813 84l 1,007 1,027 2,379 51,293,529 2764,090 12,992,452 2886,075 4535,048 3367,149 2615,358 9062,647 2141,774 1055,791 2108,200 1961,465 5803,480 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. F. R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S. Govt, securities Total collateral 342,150 747,593 27,543 184.108 17,281 43,948 3,011 11.690 101,533 208,002 7,319 42.572 21,198 52,301 4,489 12.540 32,287 66,393 1,006 16.338 15,608 37,594 3,349 12.168 16,476 46,136 33,179 110,421 762 1,429 10.218 28.227 11,558 29,331 521 9.004 7,405 18,520 1,073 5.674 13,715 27,983 1,137 8.955 18,965 37,508 1,307 8.292 39,988 82,413 2,140 18,439 52,594,923 2840,020 13,351,878 2976,603 4651,072 3435,868 2675,993 9248,860 2192,188 1088,463 2159,990 2027,537 5946,451 68,670 1,124 3,985 2/19,275 4,809 20 6,183 98 3,504 3,091 FEDERAL RESERVE AGENTS' ACCOUNTS 9,755 66 2,542 1,649 2,6ll 940 3,572 7,694 28,493,203 1703,696 6,740,782 1799,323 2690,227 2250,096 1349,678 5457,558 1270,764 528,543 1107,950 781,538 2813,048 12,273,000 700,000 3,270,000 640,000 1130,000 945,000 425,000 2500,000 450,000 130,000 300,000 283,000 1500,000 31,010 38,350 141,679 72,319 17,165,000 1150,000 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 895,000 425,000 820,000 525,000 1500,000 29,579,679 1850,000 6,870,000 1871,010 2730,000 2295,00® 1425,000 5600,000 1383,350 555,000 1192,319 808,000 3000,000 l/ After deducting $237,989,000 participations of other Federal Reserve Banks, 2/ After deducting $49,395,000 participations of other Federal Reserve Banks. — i — — — — _L • — —
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