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H.4il BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM For Immediate Release December 23, 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 total member bank reserves held for the six-day period ending December 22 increased $596 million to $19,405 million, which included an increase of $512 million in member bank reserve balances at the Federal Reserve Banks. Estimated required reserves increased $253 million; and estimated excess reserves increased $343 million to $8l6 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $250 million, compared with $483 million the week before. The principal changes supplying average reserve balances with Federal Reserve Banks were increases of $665 million in Federal Reserve float and $110 million in member bank borrowings. The principal offsetting changes were a decrease of $156 million in U. S. Government securities bought outright and an increase of $110 million in currency in circulation. Total Reserve Bank credit increased $64l million. As of Tuesday, December 22, holdings of U. S. Government securities bought outright were $232 million lower than on Wednesday, December 16, U. S. Government securities under under repurchase agreement were $23 million lower, and member bank borrowings were $185 million higher. NOTE: Next week's statement will be issued as usual on Thursday, December 31* Comparisons will be with December 23 figures and averages, rather than with the figures shown in this statement. Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U. S. Government securities— Bought outright--System account Held under repurchase agreement Acceptance s-Bought outright Held under repurchase agreement Loans, discounts, and advancesMember bank borrowings Other Float Total Reserve Bank credit Gold stock Treasury currency outstanding Currency 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 6 days ending Change from week ended Tuesday, Dec. 24, Dec'. 22, Dec. 16, Dec. 22, 1959 1958 1959 \1959 \ (In millions of dollars) \ X -156 + 9 26, W 43\ 29 X 1, 066 5 1,834 30,006 19,467 5,312 54,785 32,908 387 / 525 361 330 1,194 35,706 Member bank reserves: With Federal Reserve Banks 19,079 Cash allowed as reserves (estimated) / 326 Total reserves held 19,405 Required reserves (estimated) 18,589 Excess reserves (estimated) 816 \ + - / 441 1 110 +1,117 .1,069 + 81 + 130 712 5 1,763 29,467 19,467 5,313 54,246 + 375 297 .15 122 2 22 210 33,023 389 517 373 329 1,193 35,825 81 326 + '245 + 4i + 204 18,422 32 6 18,748 18,567 181 +110 + +110 - 9 - 3 + 20 - 12 + 13 +119 +512 + 84 +596 +253 +343 - - 44 34 / + +665 t64i -,ii + ,1 +6k 26,909 3 27 + 2 + 12 — / 798' 4l - - + + x + \+ On December 22, 1959, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $4,552 million, an increase of $129 million since last Wednesday and an increase of $733 million from December 24, * . TX-c-0 ZK—e-CL-*—U-tX f "Kt-T" v. C.A_Lj.— , •d' v * http://fraser.stlouisfed.org/ 1 y 6 p & ^ -rwwd. . Federal Reserve Bank of St. Louis H.4.1(a) STATipSi OF CONDITION OF THE TWELVE FEDBML RESERVE BANKS COMBINED (in thouslndti of dollars) Dec. 22, 1959/ 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 Acceptancesi Bought outright Held under repurchase agreement U. S* Government securities: Bought outright-Sills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities Total loans and securities Due from foreign "banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes — Deposits: Member baink 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 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments 18,206/645 i 967I083 19,173,728 \ 336,970 3 m , 247 737,073 Dec. 16, 1959 + 12,997 l, 464 14,461 34,312 16,556 184,868 - - since Dec. 24, 1958 . + + + - + + 801,250 39,164 762,086 4,014 30,729 112,583 336 143,657 33,775 + + 2,152 2,579 ?08,305 - 231,800 + 712,455 -8,142,733 +8,142,733 231,800 + 23,000 254,800 - 65,201 + 521,981 - 286,759 + - 92 15,810 401,571 + + 572,858 5,905 506,993 910,298 2b196^, 367 - 27 70^,872 I \ 15 6|608^917 ! 100,262 , 237,980 54,472,^91 28,454,2^2 150,042 | 4,421,537 517,2& 373,41% 328,89? I?,64i,i3t 4,846,033 42,863 32,984,2661 + - + + + - 386,888 ' + 868,410 233,327 54,472,891 1 U2> 425 42, U33 3,689 8,169 11,850 578,178 2,283 418,569 457 - - 16,541 401,571 712,455 liq&ot 0 602,455 + + 100, 473, + 361,855 656,288 + + + + + + 32,525 136,862 16,592 470,309 453,217 8,737 353,500 + + + + 24,370 59,215 36,679 473,764 - 1.5# 39.9# 74,462 3,920 28,525 1,590 + 3,879 985 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 22, 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 705,973 11,087 13 — — -717,073 Acceptances 41,218 36,214 — -— 77,432 U. S. Government securities 262,600 7,646,433 11,006,265 6,523,912 677,384 792,773 26,909,367 STATEMEM Kansas City Dallas 18,206,645 904,329 4 , 8 9 2 , 6 6 5 1041,455 1533,193 1016,932 749,181 351,952 650,116 666,480 2424,145 967,083 59,652 177,357 45,241 23,410 45,167 19,173,728 963,981 976,948 3236,234 794,422 375,362 695,283 F.R. notes of other Banks Other cash 336,970 311,247 25,215 16,176 67,667 54,232 19,126 15,987 15,161 26,489 4l,323 20,086 48,610 21,741 27,802 53,983 10,971 21,775 15,308 10,4l4 16,311 13,681 22,704 13,627 26,772 43,056 Discounts and advances Acceptances: Bought outright Held under rep. agree. U. S. Govt. securities: Bought outright— Bills Certificates Notes Bonds Total Held under rep. agree. 717,073 22,577 75,720 41,815 32,145 32,225 112,385 191,537 44,885 9,377 79,632 67,515 7,260 8 | Minneapolis Total & Boston [ON OF EACH FEDERAL RESERVE BANK ON DECEMBER 22, 1959 PhilaCleveSt. Richmond Atlanta Chicago New York delphia land Louis H.4.1(b) San Francisco A S S E T S Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves 43,657 33,775 213,325 60,965 87,708 79,240 5,105,990 1102,420 1620,901 1096,172 43,657 33,775 - - - - 917,320 3 0 5 8 , 8 7 7 59,628 — - 31,037 84,353 697,517 2 5 0 8 , 4 9 8 - - - " - - - - 2,908,305 157,673 10,506,993 569,637 11,010,298 596,923 2,483,771 134,658 26,909,367 1458,891 731,881 1 6 5 , 8 5 0 251,795 1 8 6 , 3 8 7 153,279 503,289 118,281 2,644,106 599,172 909,674 673,373 5 5 3 , 7 6 0 1 8 1 8 , 2 5 6 427,319 2,770,763 6 2 7 , 8 7 3 953,250 7 0 5 , 6 2 8 5 8 0 , 2 8 7 1905,354 447,789 625,046 141,639 215,040 1 5 9 , 1 8 0 130,905 429,821 1 0 1 , 0 1 5 6,771,796 1534,534 2329,759 1724,568 1418,231 4656,720 1094,404 66,242 125,362 116,082 332,184 239,318 452,904 4 1 9 , 3 7 6 1 2 0 0 , 0 9 8 250,782 474,599 439,465 1257,585 99,137 283,694 56,573 1 0 7 , 0 6 3 612,915 H59,928 1074,060 3073,561 Total U. S. Govt, sees. 26,909,367 1458,891 6,771,796 1534,534 2329,759 1724,568 l4l8,231 4656,720 1094,4o4 612,915 1159,928 1074,060 3073,561 Total -loans & securities 27,703,872 1 4 8 1 , 4 6 8 6 , 9 2 4 , 9 4 8 1576,349 2 3 6 1 , 9 0 4 1756,793 1 5 3 0 , 6 1 6 4848,257 1 1 3 9 , 2 8 9 622,292 1239,560 1 1 4 1 , 5 7 5 3 0 8 0 , 8 2 1 Due from foreign banks Cash items in process of collection Bank premises Other assets TOTAL ASSETS 15 1 6,608,917 100,262 237,880 490,194 4,362 12,797 1 / 4 1,254,550 9,900 59,117 l l l 445,854 4,036 13,165 571,812 9,563 20,824 512,282 6,689 15,110 1 2 528,979 1 0 8 6 , 3 8 6 9,641 15,594 13,611 40,350 1 282,415 7,074 9,534 2/ 179,431 5,060 5,379 1 1 313,850 4,636 11,075 277,830 11,361 9,847 665,334 12,346 27,071 54,472,891 2994,194 13,476,408 3176,938 4626,655 3448,456 3130,147 9 3 0 8 , 6 0 8 2265,481 1213,246 2294,397 2174,462 6 3 6 3 , 8 9 9 1/ After deducting $11,000 participations of other Federal Reserve Banks7" 2/ Less than $500. 1 a . i Total Boston New York ^hla Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES Richmond Atlanta Chicago Dallas ^ FraSsco (In thousands of dollars) 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 ^ d ' 28,454,232 1629,842 6,666,147 1819,355 2590,992 2153,824 1621,209 5354,426 1257,030 18,421,537 517,288 373,415 328,897 19,641,137 834,293 38,789 19,745 5,107,435 2,574 1/114,935 873,841 1405,795 33,583 48,508 23,694 32,310 739,494 65,258 17,950 9 6 0 , 4 6 7 2843,541 46,270 59,519 16,873 53,132 893,186 5,490,763 935,042 1407,019 4,846,032 385,531 904,355 322,010 390,029 359 265,819 4,724 1,206 410,519 611,765 1123,790 825,021 2800,831 675,690 45,433 13,283 397,569 32,803 8,616 827,564 42,548 14,001 976,365 2779,483 43,411 58,592 18,668 40,208 024,755 1024,621 2957,906 735,170 439,200 0 0 5 , 0 7 0 1039,937 2926,772 766,934 214,230 124,602 223,835 2,053 1,011 409,613 1,794 772 220 957 1,493 230,801 48,489 463,573 42,865 2,205 10,953 2,206 3,939 2,324 2,231 7,062 1,504 1,395 1,765 1,982 5,299 52,984,266 2910,764 1 3 , 0 7 2 , 2 1 0 3079,413 4493,269 3370,932 3057,674 9006,400 2207,942 1 1 7 6 , 9 7 0 2234,460 2097,741 6196,475 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents 386,888 868,410 233,327 19,155 50,116 14,159 110,362 238,902 54,926 22,819 59,607 15,099 36,265 76,643 20,478 17,256 44,846 15,422 20,094 39,474 12,905 53,452 132,159 36,589 12,919 33,746 10,874 8,785 20,785 6,706 15,851 32,935 11,151 22,235 43,436 11,050 47,695 95,761 23,968 54,472,891 2994,194 13,476,408 3176,938 4626,655 3448,456 3130,147 9308,608 2265,481 1213,246 2294,397 2174,462 6363,899 74,462 4,180 2/19,742 5,016 6,840 3,800 3,572 11,248 2,812 1,824 2,964 3,952 8,512 FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding Collat. for F. R. notes: Gold certificate acct. Eligible paper U. S» Govt, securities Total collateral 1 i A "FM"AM i*-I 29,465,598 1695,484 10,750,000 165,622 530,000 — 19,430,000 1250,000 30,345,622 1780,000 d?OCU 1JA 1 f\r\r\ L• 6,961,988 1865,539 2644,074 2210,956 1604,013 5400,160 1300,206 622,044 1150,067 070,596 2947,663 2,900,000 180,000 290,000 1300,000 -- 700,000 4l,485 920,000 700,000 -- -— 500,000 2000,000 4,200,000 1200,000 1750,000 1550,000 1200,000 3600,000 430,000 44,700 935,000 7,100,000 1941,405 2670,000 2250,000 1700,000 5600,000 1409,700 —— 450,000 79,437 —- 870,000 625,000 1800,000 630,000 1249,437 915,000 3100,000 of other Federal Reserve Banks. y 300,000 i
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