The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OP GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release December 31, 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 d a i l y f i g u r e s of t o t a l member bank r e s e r v e s h e l d during the week ended December 30 decreased $277 m i l l i o n t o $18,994 m i l l i o n , a l l of which was i n member bank r e s e r v e balances a t t h e Federal Reserve Banks. Estimated required r e s e r v e s decreased $98 m i l l i o n ; and estimated e x c e s s r e s e r v e s decreased $179 m i l l i o n t o $506 m i l l i o n . Member bank borrowings at t h e Federal Reserve Banks exceeded e x c e s s r e s e r v e s by $422 m i l l i o n , compared with $295 m i l l i o n the week before. The p r i n c i p a l changes reducing average reserve b a l a n c e s with Federal Reserve Banks were d e c r e a s e s of $183 m i l l i o n i n U. S. Government s e c u r i t i e s bought outright, $52 m i l l i o n i n member bank borrowings, and $30 m i l l i o n i n Federal Reserve f l o a t , and an i n c r e a s e of $22 m i l l i o n i n f o r e i g n d e p o s i t s with Federal Reserve banks. The p r i n c i p a l o f f s e t t i n g change was a decrease of $31 m i l l i o n i n currency in c i r c u l a t i o n . T o t a l Reserve Bank c r e d i t decreased $254 m i l l i o n . As of bought outright s e c u r i t i e s held bank borrowings Wednesday, December 30, h o l d i n g s of U. S. Government s e c u r i t i e s were $124 m i l l i o n lower than a week e a r l i e r , U. S. Government under repurchase agreement were $30 m i l l i o n higher, and member were $98 m i l l i o n lower. Member bank r e s e r v e s , Reserve Bank c r e d i t , and r e l a t e d items Reserve Bank c r e d i t : U. S. Government s e c u r i t i e s - Bought outright—System account Held under repurchase agreement Acceptances-Bought o u t r i g h t Held under repurchase agreement Loans, d i s c o u n t s , and advances— Member bank borrowings Other Float Total Reserve Bank c r e d i t Gold stock Treasury currency outstanding Currency i n c i r c u l a t i o n Treasury cash h o l d i n g s Treasury d e p o s i t s with F. R. Banks Foreign d e p o s i t s with F. R. Banks Other d e p o s i t s with F. R. Banks Other F. R. accounts ( n e t ) Member bank r e s e r v e s : With Federal Reserve Banks Cash allowed a s r e s e r v e s ( e s t i m a t e d ) Total r e s e r v e s h e l d Required r e s e r v e s ( e s t i m a t e d ) Excess r e s e r v e s ( e s t i m a t e d ) Averages of d a i l y f i g u r e s Week ended Change from week ended Dec. 30, Dec. 31, Dec. 23, 1958 1959 1959 (]Cn m i l l i o n s of d o l l a r s ) 26,787 42 44 34 928 5 1,788 29,629 19,456 5,313 54,398 Wednesday Dec. 30, 1959 -183 + 5 + - 546 154 26,748 30 + + + + 2 30 44 31 + 138 13 + 170 + 719 -1,070 + 81 - 270 366 5 1,509 28,733 19,456 5,314 53,503 1 4 - 52 - 30 -254 - 11 + 1 -264 32,893 393 537 387 333 1,195 35,738 - 31 + 6 + 14 + 22 + 2 + + + - - + + 30 237 32,694 409 518 383 343 1,196 35,5^3 18,660 334 18,994 18,488 506 -277 + - 507 334 173 23 150 17,960 334 18,294 18,514 -220 ri3 m mm -277 - 98 -179 435 299 16 55 * - On December 30, 1959/ U. S. Government s e c u r i t i e s h e l d i n custody by the Federal Reserve Banks f o r f o r e i g n account were $4,643 m i l l i o n , an increase of Digitized for m FRASER $40 i l l i o n f o r t h e week and an increase of $948 m i l l i o n from t h e comparable date http://fraser.stlouisfed.org/ a year ago. Federal Reserve Bank of St. Louis H.-'.l'a' LiAli,K3NT OF COUDIT-LCN OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) ASSETS Gold c e r t i f i c a t e account Redemption fund f o r F. R. notes Total gold c e r t i f i c a t e r e s e r v e s F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances: Bought outright Held under repurchase agreement U. S. Government s e c u r i t i e s : Bought outright— Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government s e c u r i t i e s 2,747,065 10,506,993 11,010,298 2,483,771 26,748,127 30,000 26,778,127 Total loans and s e c u r i t i e s Due from foreign "banks Cash items i n process of c o l l e c t i o n Bank premises Other a s s e t s TOTAL ASSETS 27,223,984 15 6,417,813 99,917 259,916 53,983,302 18,185,643 978,084 19,163,727 481,996 335,934 371,180 + - + 4~ - - 10,999 1,001 9^95 116,134 29,193 98,428 + - + • 4 - - - 43,504 31,173 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank r e s e r v e s U. S. Treasurer--general account Foreign Other Total d e p o s i t s Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued dividends i / TOTAL LIABILITIES 17,960,096 518,497 382,933 342,604 19,204,130 4,909,180 45,564 52,473,259 CAPITAL ACCOUNTS Capital paid In" Surplus Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 387, 317 868,4l0 254,316 53,983,302 Ratio of gold c e r t i f i c a t e reserves t o deposit and F. R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on acceptances purchased for foreign correspondents Industrial loan commitments l / "No accrued dividends December 31, 1958. Change since Dec. 23, Dec. 31, 1958 1959 Dec. 30, 1959 28,314,385 bo. 3% 82,298 827,250 4o,165 787, C85 5,003 540 307,217 336 5,998 + 2l4 25,374 123,740 + 496,615 + -«. - - 8 , ,142,733 - - +8,142,733 - • —— - + - * 123,740 30,000 93,740 + - + 198,166 764,084 - — - - + - - • '+ - + - + - - 496,615 65,000 431,615 — •» 115,653 268 19,114 159,644 + + + + 787,129 6,281 113,275 888,147 159,360 + 442,362 125,457 8,725 8,773 8,612 116,893 100,659 3,121 178,715 4- 543,895 160,133 110,448 48,247 321,561 574,054 23,881 718,736 381 + 24,219 18,690 159,644 + 145,192 888,147 + + + - + + •» — + - + .2$ - + 8,269 + - - - - - I. 1 4 , 499 975 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 30, 1959 (Acceptances and s e c u r i t i e s held under repurchase agreement are c l a s s i f i e d as maturing within 15 days i n accordance with maximum maturity of the agreements.) Within 15 days 16 days t o 90 days 91 days t o 1 year Over 1 year t o 5 years Over 5 years t o 10 years Over 10 years http://fraser.stlouisfed.org/ Total Federal Reserve Bank of St. Louis Discounts and advances 360,353 10,8l4 13 371,180 Acceptances 39,452 35,225 74,677 U. S. Government securities 478,180 7,364,113 10,941,765 6,523,912 677,384 792,773 26,778,127 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 30, 1959 F h i l a - I Cleve- ' ^ ' St. Boston New York Richmond Atlanta Chicago delphia land Louis ( I n thousands of d o l l a r s ) Total A S S E T S Gold c e r t i f i c a t e account Redemption fund f o r F. R. n o t e s Total gold c e r t i f i c a t e reserves Minneapolis Kansas City Dallas 763,522 351,288 707,351 663,980 2481,507 182.357 46.241 23.410 45.167 976,061 3367,045 809,763 374,698 752,518 San Francisco 18,185,643 810,624 978.084 59,652 19,163,727 870,276 F.R. n o t e s of other Banks Other cash 481,996 335,934 34,512 17,798 87,450 52,961 32,252 15,668 29,780 29,595 63,816 22,786 59,311 27,726 41,647 60,537 17,673 23,353 20,739 11,225 22,429 14,317 29,971 15,194 42,4l6 44,774 Discounts and advances Acceptances: Bought o u t r i g h t Held under r e p . a g r e e . U. S. Govt, s e c u r i t i e s : Bought o u t r i g h t — Bills Certificates Notes Bonds Total Held under r e p . a g r e e . 371,180 7,085 25,520 9,645 1,700 6,200 128,625 89,473 19,210 21,644 55,008 3,660 3,410 43,504 31,173 4 , 6 1 9 , 3 5 4 1046,365 1614,351 1031,181 213,325 60.965 87,707 79.240 4,832,679 1107,330 1702,058 1110,421 911,432 3184, 688 64,629 31.037 84.354 695,017 2565,861 43,504 31,173 2,747,065 10,506,993 148,932 569,637 11,010,298 596,923 2 , 4 8 3 . 7 7 1 134,658 26,748,127 1450,150 30.000 691,305 156,655 237,835 176,053 144,781 475,386 111,723 62,569 118,412 109,647 313,767 2 , 6 4 4 , 1 0 6 599,172 909,674 673,373 553,760 1818,256 427,319 239,318 452,904 419,376 1200,098 2 , 7 7 0 , 7 6 3 627,873 953,250 705,628 580,287 1905,354 447,789 250,782 474,599 439,465 1257,585 625,046 141.639 215.040 159,180 130.905 429.821 101,015 28^.6Q4 56.573 107.063 09.137 6,731, 220 1525,339 2315,799 1714,234 1409,733 4628,817 1087,846 609,242 1152,978 1067,625 3055,144 301000 —— —— — em T o t a l U. S. Govt, s e e s . 26,778,127 1450,150 6 , 7 6 1 , 2 2 0 1525,339 2315,799 1714,234 1409,733 4628,817 1087,846 609,242 1152,978 1067,625 3055,144 Total loans & s e c u r i t i e s 2 7 , 2 2 3 , 9 8 4 1457,235 6 , 8 6 1 , 4 1 7 1534,984 2317,499 1720,434 1538,358 4718,290 1107,056 630,886 1207,986 1071,285 3058,554 Due from f o r e i g n "banks Cash items i n p r o c e s s of c o l l e c t i o n Bank premises Other a s s e t s TOTAL ASSETS 15 1 1/4 1 1 1 6,417,813 99,917 259,916 464, o4o 4,328 13,822 1,342,831 9,900 64,986 405,224 4,036 14,419 565,881 9,580 22,773 433,699 6,651 16,601 2 1 463,078 1033,508 9,542 15,611 14,742 44,004 283,766 7,035 10,330 2/ 157,747 5,059 5,869 1 1 1 300,880 4,636 12,012 284,293 11,361 10,641 682,866 12,178 29,717 5 3 , 9 8 3 , 3 0 2 2862,012 13, 252,228 3113,914 4677,167 3374,409 3088,819 9280,644 2258,977 1206,223 2314,779 2117,763 6436,367 1 / A f t e r deducting $11,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / Less than $500. 1 E.4.1(c) Total L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits: Member bank r e s e r v e s U.8.Treas.-gen.acct. Foreign Other Total deposits Deferred a v a i l a b i l i t y cash items Other l i a b i l i t i e s and accrued d i v i d e n d s TOTAL LIABILITIES STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 30, 1959 PhilaCleveSt. Boston New York Richmond A t l a n t a Chicago delphia land Louis ( I n thousands o f d o l l a r s ) Kansas City Minneapolis Dallas San Francisco 2 8 , 3 1 4 , 3 8 5 1619,089 6 , 6 4 6 , 8 5 0 1815,009 2577,427 2 1 4 0 , 3 9 2 1610,995 5329,017 1248,505 608,679 1118,439 820,592 2779,391 17,960,096 518,497 382,933 342,604 19,204,130 732,638 36,382 4,838,007 665,704 386,071 843,711 922,315 2837,987 20,240 197 709,457 1/117,973 289,964 5,309,560 39,809 28,835 43,997 42,701 19,136 4,909,180 365,424 874,473 63,616 8 3 3 , 7 0 1 1434,698 24,288 33,120 1,001 925 096,801 1511,869 7 1 3 , 4 6 1 9 4 2 , 3 3 2 2809,471 56,521 42,544 55,378 18,400 17,296 54,464 1,993 1,329 837 790,375 1 0 0 3 , 5 0 1 2920,150 13,616 8,832 14,352 741 719,870 255 423,993 902,966 1,239 43,217 9 8 5 , 3 9 1 2950,197 301,085 362,443 398,635 230,711 134,815 230,713 232,219 37,887 43,050 448,660 798,232 906 27,777 41,216 531,770 45,564 3,510 11*545 2*268 4,026 2,347 2,110 6.948 1.583 1.933 1,785 2,084 5.425 5 2 , 4 7 3 , 2 5 9 2777,480 1 2 , 8 4 2 , 4 2 8 3015,163 4 5 4 1 , 9 8 2 3 2 9 5 , 5 5 7 3 0 1 5 , 2 4 1 9054,347 2200,669 1169,420 2253,903 2 0 4 0 , 2 8 6 6266,783 CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l a c c o unt s TOTAL LIABILITIES AND CAPITAL ACCOUNTS 19,166 50,116 15,250 387,317 868,410 254.316 110,452 22,819 238,902 59,607 ,16,325 60,446 36,265 76,643 22.277 17,275 44,846 16,731 20,153 53,653 3 9 , 4 7 4 132,159 .13x951. 40.485 12,931 33,746 11.631 8,790 15,860 22,258 20,785 32,935 43,436 11.783 7.228 12.081 47,695 95,761 26.128 5 3 , 9 8 3 , 3 0 2 2862,012 1 3 , 2 5 2 , 2 2 8 3113,914 4677,167 3 3 7 4 , 4 0 9 3 0 8 8 , 8 1 9 9280,644 2258,977 1206,223 2314,779 2117,763 6436,367 Conting. l i a b . on a c c e p t v * v, «_ l gj+X V vx J. C OJ^VUUCU u 0 W W J 1,^1 J,WW J.VV J J,C-LV *t,CUV >,C_LV FEDERAL RESERVE AGENTS' ACCOUNTS F— R. n o t e s o u t s t a n d i n g 2 9 , 4 6 6 , 9 9 2 1703,220 C o l l a t . f o r F . R. n o t e s : Gold c e r t i f i c a t e a c c t . 1 0 , 6 5 0 , 0 0 0 5 3 0 , 0 0 0 E l i g i b l e paper 81,953 — U. S . Govt, s e c u r i t i e s 1 9 , 5 3 0 , 0 0 0 1 2 5 0 , 0 0 0 Total collateral 30,261,953 1780,000 1 / A f t e r deducting &264.9f )0.000 nart.iLevna±ions J2/ A f t e r d e d u c t i n g $ 5 9 , 2 5 6 , 0 0 0 p a r t i c i p a t i o n s M : 6 , 9 4 9 , 6 7 4 1 8 6 8 , 7 6 1 2646,452 2224,534 1687,923 5488,744 1307,539 6 2 2 , 8 6 8 1155,595 8 7 1 , 0 3 7 2940,645 2 , 9 0 0 , 0 0 0 7 0 0 , 0 0 0 920,000 7 0 0 , 0 0 0 5 0 0 , 0 0 0 1900,000 4 3 0 , 0 0 0 -8,115 — -— -19,025 4 , 2 0 0 , 0 0 0 1200,000 1750,000 1550,000 1200,000 3700,000 9 3 5 , 0 0 0 7 , 1 0 0 , 0 0 0 1908,115 2670,000 2250,000 1700,000 5600,000 1384,025 180,000 2 9 0 , 0 0 0 1300,000 300,000 — 54,813 450.000 870,000 6 3 0 , 0 0 0 1224,813 of other Federal Reserve Banks. o f o t h e r Federal Reserve Banks. 1 — ; : 625,000 1800,000915,000 3100,000
@FedFRASER