The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release February 13, 1958 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE B A M 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 February 12 increased $57 million to $19#054 million. Estimated required reserves decreased $9 million; and estimated excess reserves increased $66 million to $476 million. Excess reserves exceeded member bank borrowings at the Federal Reserve Banks by $190 million, compared with $221 million the week before, . . . principal changes supplying average reserves were increases of $97 jP-llion member bank borrowings and $58 million in Federal Reserve holdings of • • * Government securities, and decreases of $82 million in Treasury deposits with F ®<*eral Reserve B a n k s an<* $43 million in Treasury cash holdings. The principal ofsetting changes were increases of $96 million in money in circulation, $72 million m ' other" F, R, accounts (net), and $31 million in "other11 deposits with Federal Reserve Banks, Total Reserve Bank credit increased $146 million, , ., .4 Wednesday, February 12, holdings of U. S. Government securities bought outright were $8 million lower than a week earlier, U. S. Government £ 2 were I t ™ Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U, S. Government securitiesBought outright—System account Held under repurchase agreement Acceptances—bought outright Loans, discounts, and advancesMember 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 reservesRequired reserves (estimated) Excess reserves (estimated) ^ ^ M b e r Averages of daily figures For week ending Change from week ending Feb. 12, 1958 Feb. 5. 19581 Feb. 11, 1QV7 (In millions of dollars} 23,292 130 41 286 1 791 24,543 22,784 . .5 ,,1.59 52,486 30,675 734 296 284 325 ... 1,118 33,432 19,054 18,578 476 - + 29 87 + + + 102 56 11 97 — — — - 430 25 169 454 532 89 167 — + - + + + + + - + + + + + - + 10 146 1 4 150 96 43 82 19 31 72 93 57 9 66 — + + + + - — •* + + — + + — 34 86 81 82 26 111 79 246 "313 67 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: 686 Gold stock 22,784 Treasury cash holdings Treasury currency outstanding 5,160 Member bank) - Required (est.) 18,546 Money in circulation 30,674 reserves ) - Excess (est.) 342 On February 12, 1958, U, S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,654 million, an increase of $8 million for the week and a decrease of $91 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) Change since Feb. 13, Feb, 5, 1957 1958' Feb. 12, 1958 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 outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 21,345,392 855.593 22,200,£85 560,503 531,631 237,397 523 39,839 563,773 19,933,612 + + - + + + Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 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 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - + + + — - + 279,798 +9,,014,913 -9,129,663 —— —— 2.801.750 23,299,135 164.700 23.463T835 641,001 7.925 633,076 78,674 73,112 282,108 280 11,007 + 7,500 - — V + 99,999 1.600 98,399 66,756 3,776 84,336 11 1 — —— + + 7,500 60.400 52.900 + 137,248 - + 165,048 + 90.700 ,+ ,255.748 m. 15,633 23,741,594 15 4,760,371 84,372 189.367 52,068,838 + + + + 336,304 77 16.713 518,209 - + 7 263,192 9,795 20.381 495,444 26,708*350 + 22,857 + 63,233 18,888,1*25 349*868 296,756 596.979 20.13.2.,025 3,837,131 16.154 50,693,663 - 169,923 143,212 13,003 275.855 ,.^62.147 + 218,117 + 1.586 + 504,707 + 383,854 69,019 — 6,749 jL 355.446 A- m , w . 469,607 + . 795 + 395*991 + + + 348,301 809,198 27,543 — 521 19,512 61,605 — — 47.4% — 131,312 1.069 + — + + Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + - + + + '190.133 52.068.838 — 12.-981 518.209 + — .1^ 2,913 10 + + 18.336 495.444 + i% + - 68,988 T MATURITY DISTRIBUTION OF LOANS AND SECURITIES. FEBRUARY 12. 1948 (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 234,850 2,426 121 237,397 Industrial Acceptances loans 13,063 120 26,776 20 260 123 523 39,839 U. S. Government securities 5,856,663 378,803 14,439,112 1,374,400 56,610 1.358.247 :23U63,835 E.4.l(b) Total ASSETS Gold certificate account Redemption fund for F, R. notes Total gold certificate reserves STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 12. 1958 St. ClevePhilaRichmond Atlanta Chicago Boston New York Louis delphia land (In thousands of dollars) 21,345,392 1064,708 §,732,676 855,593 55,344 179,426 22,200,985 1120,052 5,912,302 Kansas City Dallas 797,309 253o,317 876,935 3849,443 880,473 398,842 899,313 155.816 42.998 22.058 41.308 22 13,902 1925,753 1376,685 925,287 4005,259 923,471 420,900 940,621 16,656 7,736 39,252 19,207 39,476 65,703 22,613 3,900 1,050 1154,189 1847,351 1307,136 59.713 78 >02 69.549 48.352 E,R. notes of other Banks Other cash 560,503 531,631 35,376 30,348 138,524 125,568 35,649 30,216 53,106 43,579 54,912 33,930 74,369 40,882 43,934 83,790 15,652 31,725 22,717 10,027 Discounts and advances Industrial loans AcceptancesBought outright U, S. Govt, securities: Bought outright— Bills Certificates Notes Bonds Total Held under repurchase agreement 237,397 523 15,130 327 6,250 12,165 173 52,075 15,925 9,815 84,744 7,380 6,350 23 39,839 39,839 — — — — — — — 23.ii63.835 1270.875 5.991.371 1160.010 2046.549 T/,88.659 1906.895 I M Total loans & securities 23,741,594 1286,332 6,037,460 TOTAL ASSETS 15 4,760,371 84,372 189.367 826,082 2610,671 12,166 430,167 24,205 855,809 22,094 64,194 781,178 2269,720 1?0„?88 109,. 798 319,019 502,795 100C,3O2 913,07® 2652,933 1 1 / 4 400,840 4,975 10.090 771,615 10,651 46.686 887 963.536 50?.795 1000 3f? 913.070 ?65?.933 1372,378 2098,624 1504,577 1216,640 4151,631 970,916 509,168 1022,915 916,973 2653,$83 1 1 302,016 343,455 455,767 463,087 677,494 221,008 145,125 255,658 238,935 4,491 9,655 6,954 6,771 6,808 6,265 5,304 4,909 6,501 1 0.650 16.877 11.97A 9.813 34.519 7.583 4*223 2*2S6 1 485,371 1 1 1 2 1 2 / 1 11,088 21,087 52,068,838 2388,01433,042,810 2969,303 4491,050 3444,800 2736,850 9003,237 2176,621 1117,269 2256,482 2055,022 5887,380 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 74,754 1.64.700 Total U. S, Govt, sees. Due from foreign banks Uncollected cash items Bank premises Other assets 23,315 824,355 700.664 163.547 246.100 179.01? 1/,5.199 /.89.0/.8 115.866 2.801.750 152.824 23,299,135 1270,875 5,826,671 1360,040 2046,549 1488,652 1206,825 4066,887 963,536 — 28,273 — — — 30,752 140,989 32,908 49,520 36,(222 29,201 98,407 563,773 19,933,612 1087,299 4,985,018 1163,585 1750,929 1273,618 1032,502 3479,432 164.700 San Francisco Minneapolis H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 12, 1958 Total Rlchmond Atlanta Boston | New York G^cago (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 Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES ^ s 26,708,350 1578,703 6,299,771 1675,508 2541,477 2112,361 1254,409 5212,730 1194,793 18,888,425 804,904 25,417 349,868 16,473 296,756 64,041 596,979 20,132,028 910,835 5,372,400 49,557 1/89,254 "218,616 3,837,131 317,885 !£££ Frisco 503,087 1052,464 720,357 2562,690 882,429 1482,136 825,376 938,632 2984,108 695,707 423,499 874,517 993,915 2610,802 19,182 31,844 26,437 17,941 35,820 20,843 16,413 24,6ll 26,013 55,790 19,941 25,721 14,739 13,005 41,327 10,693 6,936 11,271 15,028 32,368 10,005 1,748 54,474 56,905 702 40,207 23,370 31,633 26,392 68,886 5,729,827 "931,557 1541,449 921,026 1026,403 3061,957 767,450 470,218 942,032 1061,340 2767,846 631,408 266,927 283,321 337,574 391,023 526,479 160,651 108,941 206,518 202,264 404,140 738 3,752 815 2,280 830 645 2,531 579 932 604 792 1,656 16,154 50,693,663 2808,161 12,664,758 2874,807 4^68,527 3371,191 2672,560 8803,697 2123,473 1083,17% 2201,618 1904,761 5736,332 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 348,301 809,198 27,543 190,133 17,797 47,013 3,011 12,032 102,614 223,963 7,319 44,156 21,352 55,923 4,489 12,732 32,860 71,550 1,006 17,107 15,838 41,236 3,349 12,586 16,824 47,487 36,192 121,504 762 1,429 10,512 29,120 11,732 31,586 521 9,309 7,520 19,697 1,073 5,801 14,089 30,533 1,137 9,105 19,619 40,871 1,307 8,464 40,569 89,130 2,l4o 19,209 52,068,838 2888,014 13,042,810 2969,303 4491,050 3444,800 2736,850 9003,237 2176,621 1117,269 2256,482 2055,022 5887,380 1 * # H Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. 7,484 F. R. notes outstanding 27,936,244 1672,052 Collat. for F. R. notes: Gold certificate g.cct. 12,253,000 700,000 Eligible paper •?— 42,158 U S. Govt, securities 17,165,000 1150,000 Total collateral 29,460,158 1850,000 1/ After deducting $207,502,000 participations 2/ After deducting $94,274,000 participations 2/37,038 9,060 11,686 6,696 5,908 18,776 4,858 3,151 5,121 6,828 14,706 FEDERAL RESERVE AGENTS' ACCOUNTS 6,660,578 1762,365 2648,056 2194,860 1321,226 5350,102 1239,988 532,336 1076,553 771,401 2706,727 3,270,000 640,000 1130,000 915,000 425,000 2500,000 450,000 i4o,ooo 300,000 283,000 1500,000 —— 12,165 —« —— •** v— 7,380 —— 22,613 •* 3,600,000 1200,000 1600,000 1350,000 1000,000 3100,000 895,000 425,000 820,000 525,000 1500,000 6,870,000 1852,165 2730,000 2265,000 1425,000 5600,000 1352,380 565,000 1142,613 800,000 3000,000 of other Federal Reserve Banks, of other Federal Reserve Banks,
@FedFRASER