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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.4.1 For Immediate Release February 13, 1959 WEEKLY AVERAGES OF MEMBER BANK RESERVES, RESERVE BANK CREDIT, AMD RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE B A M S The average of daily figures of member bank reserves for the week ended February 11 decreased $7 million to $18,742 million. Estimated required reserves decreased $135 million; and estimated excess reserves increased $128 million to $481 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves by $54 million, compared with $62 million the week before. The principal changes reducing average reserves were decreases of $59 million in Federal Reserve float and $45 million in U. S. Government securities held under repurchase agreement, and increases of $72 million in money in circulation, $39 million in "other" F. R. accounts (net), and $26 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were increases of $120 million in member bank borrowings and $29 million in U. S. Government securities bought outright, and a decrease of $78 million in Treasury deposits with Federal Reserve Banks. Total Reserve Bank credit increased $44 million. As of bought outright securities held bank borrowings Wednesday, February 11, holdings of U. S. Government securities were $56 million lower than a week earlier, U . S . Government under repurchase agreement were $49 million lower, and member were $53 million lower. 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 Averages of daily figures Week ended Change from week ended Feb. 12, Feb. 4, Feb. 11, 1958 1959 1959 (In millions of dollars) Wednesday, Feb. 11,1 1959 25,621 36 37 + 29 - 45 - 2 +2,329 94 4 25,543 15 37 535 19 887 27,136 20,476 5,236 52,848 +120 + 249 18 + + 94 +2 ,593 -2,308 + 77 + 362 337 19 - 59 rfc * — + 72 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) 31,193 727 364 304 333 1,185 34,106 + + + + Member bank reserves— Required reserves (estimated) Excess reserves (estimated) 18,742 18,261 481 - 7 -135 +128 5 78 26 11 39 51 + - + + + + + - - 876 26,827 20,476 5,238 52,541 67 674 31,241 741 427 307 330 1,184 34,230 312 222 90 18,311 18,273 38 518 7 68 20 8 On February 11, 1959# U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,793 million, an increase of $78 million for the week and an increase of $139 million from the comparable date a year ago. 8##MENT,0F C, OF THE TWELVE FEDERAL RESERVE, BANKS COMBINED (In thotiSatids # dollars) 2.4.1(a) Change since Feb. 12, Feb. 4, 1958 1959 Feb. 11, 1959 ASS ETS Gold certificate account Redemption fund for F. R. notes Total gold certificate reserves F. R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances—bought outright U. S. Government securities: Bought outrightBills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 18,957,894 930,781 19,"WT&75 551,016 455,260 355,623 335 36,632 3 3J25 3,322 75,757 29,830 52,759 1,541,950 18,649,726 2,867,565 2,483,771 25^153^012 15,000 25.558,012 55,600 -2,387,498 + 75,188 -2,312,310 9,487 76,371 + 118,226 188 3,207 - 48,850 104,450 + 978,177 -1,283,886 +2,867,565 - 317,979 +2,243,877 - 149,700 +2709^,177 - 55,600 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 25,950,602 15 4,899,301 94,188 154,875 51,993,932 - 157,210 +2,209,008 + + - 46,258 112 12,947 299,318 + 138,930 - 34,492 74,906 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer—general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 27,163,054 + 42,946 18,310,639 426,887 306,790 330,467 19,37V?83 4,023,094 25,956 50,586,087 + + 351,658 5,323 19,631 + + 577,786 77,019 10,034 + - 347,924 6,729 2,444 309,263 + 1 - 757,245 185,963 9*802 106,776 371,465 868,410 167,170 51,993>932 + 567 1/+ + - 9,378 299,318 23,164 31,669 22,963 74,906 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS - 21,220 + 9,816 + 454,704 - 266,512 Ratio of gold certificate reserves to deposit 4/ + .2$ 42.7% and F. R. note liabilities combined Contingent liability on acceptances purchased • 74,147 + 117 57,165 for foreign correspondents 109 960 Industrial inausxriai loan m a u commitments uummx omcuup - , ,543,000 on Sept. 2, 1958. 1/ Net change after elimination of Sec. 13b surplus of $27, MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 11, 195% 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 Industrial Acceptances loans 12,048 221 24,584 14 19, lie"*- 1 42 58 Discounts and advances 336,513^ 355,623 335 36,632 U. S. Government securities 6,055,893 858,950 13,291,833 3,881,179 206,495 1.263,662 25,558,012 S.4.l(b) Philadelphia F.R. notes of other Banks Other cash Discounts and advances Industrial loans Acceptances— Bought outright U. S. Govt, securities: Bought outright— Bills ^Certificates .Notes Bonds Total Held under repurchase agreement Minneapolis Kansas City Dallas 948,584 3314,022 763,324 486,391 792,052 730,104 2469,959 171,526 44,306 22,149 43,294 New York 18,957,894 894,211 4,850,495 1013,068 1543,625 1152,059 930,781 55,014 19,888,675 949,225 551,016 126,644 87,380 27,929 25,987 40,565 39,394 66,181 455,260 43,835 35,621 28,858 76,616 31,931 43,739 78,472 17,077 29,919 17,121 13,202 8,105 15,324 34,862 16,173 48,342 52,999 355,623 335 24,376 327 42,799 20,768 24,592 28,484 26,441 49,558 7,502 13,269 81,582 25,452 10,800 36,632 -- — — -- -- -- - - - - -- A S S E T S Gold certificate account Redemption fund for P. R. notes Total gold certificate reserves San Francisco St. Louis CleveRichmond Atlanta Chicago land (In thousands of dollars) Boston Total 36,632 83,956 1,541,950 18,649,726 1015,440 2,867,565 156,134 2,483,771 135,236 25,543,012 1390,766 195,521 59,197 86,777 82,635 56,413 29,638 84,311 5,046,016 1072,265 1630,402 1234,694 1004,997 3485,548 807,630 508,540 835,346 759,742 2554,270 - - ~ 8 62,903 269,347 3257,734 760,797 500,907 116,979 433,865 101,323 4461,653 1042,002 65,816 60,399 174,294 32,438 392,334 796,026 730,529 2108,072 60,325 122,396 112,325 324,135 97,292 280,753 52,251 106,015 537,348 1090,253 1000,545 2887,254 6,456.130 1468.315 2261,195 1662.646 1299,705 4461,853 1042,002 537,348 1090,253 1000,5^5 2887,254 388,830 88,638 136,501 100,369 4,702,864 1072,061 1650,967 1213,948 723,109 164,839 253,851 186,655 626,327 142,777 219,876 161,674 6,441,130 1468,315 2261,195 1662,646 78,459 948,954 145,910 126,382 1299,705 15.000 15,000 Total U. S. Govt, sees. 25,558,012 1390.766 Total loans & securities 25,950,602 1415,469 6,535,561 1489,083 2285,787 1691,130 1326,146 &511,4ll 1049,504 550,625 1171,835 1025,997 2898,054 Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 15 4,899,301 94,188 154,875 1 362,819 l/4 9237266 1 304,837 1 413,637 4,670 8.011 1 2 420,444 766,080 as as as 1 220,750 2/ 1 237,469 1 229,316 & as as 128,764 1 486,217 51,993,932 2819,65112,767,474 2932,968 4432,8913443,170 2878,122 8925,035 2138,1721226,660 2280,2512080,197 6069,341 1/ After deducting $11,000 participations of other Federal Reserve Banks. 2/ Less than $500. 1 405,702 H.4.1(c) Total . L I A B I L I T I E S 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 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK OH FEBRUARY 11, 1959 St. ClevePhilaNew York Richmond Atlanta Chicago Boston land Louis delphia (In thousands of dollars) Minneapolis Kansas City Dallas San Francisco 27,163,054 1579,004 6,329,265 1693,863 2500,704 2068,668 1448,106 5201,739 1207,224 592,129 1082,250 778,574 2681,528 18,310,639 789,651 31,746 426,887 15,675 306,790 293 330.467 19,374,783 837,365 4,023,094 322,751 25,956 1,263 4,969,998 5,246 1/101,590 ~ 274.102 865,249 1420,327 5,268 5,370 18,810 2.755 25,650 1,440 805,962 147,627 14,250 3.122 959,925 2849,536 33,377 5,117 13,395 1,488 42,180 987 666,075 30,403 10,545 542 456,778 24,105 6,840 651 892,041 976,722 2658,375 42,782 32,403 63,443 11,115 1,829 14,820 1,630 31,920 41,628 5,350,936 892,082 1452,787 970,961 1008,185 2897,820 707,565 488,374 947,767 1025,575 2795,366 695,832 252,682 349,551 329,216 353,339 612,566 167,822 110,662 192,819 202,801 433,053 6,582 1,264 2,622 1,443 1,183 4,501 951 956 1,087 998 3,106 50,586,887 2740,383 12,382,615 2839,891 4305,664 3370,288 2810,813 8716,626 2083,562 1192,121 2223,923 2007,948 5913,053 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. 371,465 868,410 167,170 18,386 50,116 10.766 22,079 59,607 11.391 35,309 76,643 15.275 16,622 44,846 11.4l4 18,703 39,474 9,132 51,090 132,159 25,l60 12,513 33,746 8,351 8,512 20,785 5,242 15,24l 32,935 8,152 21,292 43,436 7,521 44,172 95,76l 16,355 51,993,932 2819,651 12,767,474 2932,968 4432,891 3443,170 2878,122 8925,035 2138,172 1226,660 2280,251 2080,197 6069,341 57,165 960 3,146 F. R. notes outstanding 28,345,575 1673,874 Collat. for F. R. notes: Gold certificate acct. 10,875,000 600,000 Eligible paper —— 107,253 U. S. Govt, securities 18.715.000 1150.000 Total collateral 29,697,253 1750,000 1/ After deducting $205,200,000 participations http://fraser.stlouisfed.org/ 2/ After deducting $4l,184,000 participations Federal Reserve Bank of St. Louis 107,546 238,902 38,411 2/15,981 3,775 5,148 20 2,860 2,689 8,466 2,116 1,373 2,231 940 2,974 6,406 FEDERAL RESERVE AGENTS' ACCOUNTS 6,648,386 1769,524 2579,743 2158,138 1512,765 5352,979 1257,435 606,167 1116,184 830,577 2839,803 2,920,000 64o,ooo 920,000 700,000 475,000 2100,000 430,000 200,000 300,000 290,000 1300,000 —— 19,560 —— —— —— ~— 6,825 ~— 80,868 4.000.000 1200.000 1750.000 1530,000 1100,000 3500,000 935.000 6,920,000 1859,560 2670,000 2230,000 1575,000 5600,000 1371,825 of other Federal Reserve Banks. of other Federal Reserve Banks. 425,000 850,000 625,000 1230,868 575,000 1700,000 865,000 3000,000
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