The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
H.4.1 £0A8D dk GOVERNORS OF THE FEDERAL RESERVE SYSTEM F6r Immediate Release February 21, 1957 WEEKLY AVERAGES OF MEMBER B A M RESERVES, RESERVE BANK CREDIT, AM) RELATED ITEMS and STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS The average of dally figures of member bank reserves for the week ending February 20 increased $87 million to $18,895 million. Estimated required reserves increased $53 million; and estimated excess reserves increased $34 million to $505 million. Member bank borrowings at the Federal Reserve Banks exceeded excess reserves "by $47 million, compared with $245 million the week before. The principal changes supplying average reserves were increases of $226 million in Federal Reserve float and $51 million in gold stock, and decreases of $204 million in Treasury deposits with Federal Reserve Banks, $73 million in "other" deposits with Federal Reserve Banks, and $59 million in foreign deposits with Federal Reserve Banks. The principal offsetting changes were decreases of $295 million in Federal Reserve holdings of U. S. Government securities and $164 million in member bank borrowings, and an increase of $109 million in "other" F.R. accounts (net). Total Reserve Bank credit decreased $233 million. As of Wednesday, February 20, holdings of U. S. Government securities bought outright were $250 million lower than a week earlier, U. S. Government securities held under repurchase agreement were $74 million lower, and member bank borrowings were $324 million higher. Holdings of certificates increased $448 million and notes decreased $555 million, largely reflecting the exchange of $500 mil lion notes maturing April 1, 1957, for a like amount of new certificates maturing February 14, 1958. 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 Change from week ending For week ending Feb. 13, 1957 I Feb. 22,. Feb. 20, 1957 (In millions of dollars) 22,958 11 29 -232 - 63 - 1 -375 - 45 + 13 552 26 1,188 24,764 22,303 5,071 52,138 -164 +226 -233 + 51 + 1 -181 - 70 + 25 -145 -596 +609 + 60 + 73 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) 30,605 815 173 307 226 1,116 33,242 - 36 - 5 -204 - 59 - 73 +109 -269 +395 + 21 -384 - 55 -l4o + 90 - 74 Member bank reserves-Required reserves (estimated) Excess reserves (estimated) 18,895 18,390 505 + 87 + 53 + 34 +146 +215 - 69 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: Gold stock 22,303 Treasury cash holdings 815 Treasury currency outstanding 5,072 Member bank) - Required (est.) 18,424 Money in circulation 30,571 reserves ) - Excess (est.) 6l0 On February 20, 1957, U. S. Government securities held in custody by the Federal Reserve Banks for foreign account were $3,764 million, an increase of $19 million for the week and a decrease of $6 million from the comparable date a year ago. Ib4*l(a) i STATEMENT Of tiOMnTION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since Feb. 22, Feb. 13, 1956 1957 Feb. 20, 1937 ASSETS 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 CL S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright Held under repurchase agreement Total U. S. Government securities 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 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS + + + + + + + + 608,039 7,128 615,167 135,597 29,331 209,250 135 12,254 + 141,275 11,366,199 8,574,913 2,801,750 22,884,137 - 142,700 + 447,500 - 554,750 - 308,925 +5,445,500 -5,591,000 - 249,950 74,000 - 323,950 - 454,425 27,900 - 482,325 1,496 - 260,686 22,884,137 Total loans and securities Due from foreign banks Uncollected cash items Bank premises Other assets TOTAL ASSETS 60,000 1,618 20,764,391 861,900 21,626,291 469,411 470,686 843,566 790 27,238 - + - + + - 58,382 12,418 12,167 324,061 13 1,594 23,755,731 22 5,363,929 74,885 92,859 51,853,814 + 340,366 + 308 - 116,889 + 280,420 + + 292,354 11,973 - M I 798,759 26,577,314 - + 497,329 19,034,488 150,515 295,071 197.382 19,677,456 4,297,816 14,476 50,567,062 + 529,917 - 130,334 8,434 44,151 + 346^998 329,280 747,593 27,543 182,336 51,853,814 491 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined Contingent liability on acceptances purchased for foreign correspondents Industrial loan commitments + + 67,803 8,922 883 269,390 10,53% 280,420 46.8# 63,267 2,304 + + + 645,317 - 410,420 - 69,912 + + + 477,351 312,366 518,600 224 703,787 + + 21,189 53,981 +_ 19,802 + 798,759 .1% + .2 # 943 7 + 30,454 192 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 20, 1957 (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 Industrial loans advances 812,401 35 81 6,165 445 25,000 229 843,566 790 Acceptances 13,04% 14,190 27,236 U. S. Government securities 134,000 7,275 19,941,112 373,279 1,013,614 1-^.857 22,Bt*,137 H.4.1(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 20', 1957 St. Phila- Cleve Boston New York delphia land ,Richmond ,Atlanta Chicago Louis (In thousands of dollars) Minneapolis Kansas City San Dallas Francisco 836,780 307,744 865,699 670,241 2549,305 20,764,391 944,461 5,876,294 1019,303 1911,636 1328,677 787,980 3666,271 180.824 61.896 76,758 67,366 50.606 154,827 43,478 22,836 41,349 25,972 79,663 861.900 56.325 880,258 330,580 907,048 696,213 2628,968 21,626,291 1000,786 6,057,118 1081,199 1988,394 1396,043 838,586 3821,098 6,900 37,640 40,234 9,751 16,109 80,036 30,971 41,772 40,545 92,805 44,210 469,411 28,438 F.R* notes of other Banks 17,760 56,360 11,024 14,329 111,078 27,159 42,327 26,510 33,512 70,652 22,918 470,686 37,057 Other cash 163,300 73,550 84,275 60,350 68,122 211,180 17,735 39,825 28,607 20,291 40,450 843,566 35,881 Discounts and advances 39 416 335 790 Industrial loans Acceptances— - - - 27,238 - 27,238 Bought outright U. S. Govt, securities: Bought outright— 5,615 15,810 6,122 3,191 5,898 7,264 24,649 8,697 8,490 12,219 35,556 7,764 141,275 Bills 451,738 1271,889 256,728 492,497 11,366,199 624,755 2,860,622 683,006 983,097 699,806 584,439 1983,083 474,539 193,682 371,551 340,801 959,541 Certificates 440,913 1496,082 358,003 Notes 8,574,913 471,329 2,158,117 515,275 741,670 527,949 144.063 488.827 116.973 63,283 121.400 111,353 313.518 70=5. H Q 172.501 168.160 242.332 0 Qrri 750 154.001 ^•OUXji_L2y Bonds 5,759,434 1375,131 1979,318 1408,953 1176,679 3992,641 955,413 516,884 991,570 909,507 2560,758 1257,849 22,884,137 Total Held under repurchase agreement 516,884 991,570 909.507 2560,758 Total U. S. Govt, sees. 00 AAL XV7 1257.849 5.759.434 1175.131 1979.318 1408.953 1176.679 3992,641 9 5 ^ 1 3 973,148 556,748 1020,177 929,798 2601,208 Total loans & securities 23,755,731 1294,065 5,949,972 1449,097 2063,593 1469,303 1244,801 4203,821 1 2 1 1 1 1 3 1 2 2 1/6 1 22 Due from foreign banks 270,193 522,196 127,988 254,793 212,412 950,104 351,065 507,919 393,373 440,649 897,034 Uncollected cash items 5,363,929 436,203 4,278 10,699 4,456 4,874 4,658 5,236 5,862 7,286 4,759 7,890 9,537 5,350 74,885 Bank premises 4,539 10,481 3,841 2,054 3,640 4.727 18,062 5,637 5.212 7,883 21,962 4.821 92.859 Other assets • TOTAL ASSETS - ™ - 51,853,814 2806,721 13,179,813 2949,464 4659,780 3338,698 2660,317 9060,742 2106,786 1049,378 2211,545 1960,422 5870,148 1/ After deducting $16,000 participations of other Federal Reserve Banks. — • H. 4.1(c) Total 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 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Conting. liab. on acceptances purchased for foreign correspondents Industrial loan commit. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 20, 1957 St. Phila- C eV®" 1 RichmondAtlanta Chicago Boston New York delphia ?Louis land 1 (In thousands of dollars) Kansas City San Dallas Francisco 26,577,314 1568,045 6*233,405 1694,268 2524,092 2099,962 1302,073 5131,820 1179,040 483,325 1048,478 683,905 2628,901 419,504 885,623 965,825 2577,091 19,034,488 795,898 5,511,867 883,623 1560,355 820,594 905,667 3011,110 697,331 483 504 582 1,517 568 482 533 143,715 527 540 554 510 150,515 6,912 10,944 14,976 32,281 12,960 40,896 10,656 295,071 16,704 1/ 87,974 20,160 25,920 14,688 48l 5,285 2,661 34,371 1.457 1,420 l,35g 9,920 650 3,190 553 " 136.036 197,382 427,300 902,356 904,044 2645,260 19,677,45b 813,665 5,879,592 914,230 1507,465 039,02b 920,652 3053,900 709,070 710,996 249,972 431,378 331,012 377,051 687,643 167,366 105,496 209,022 226,420 4,297,816 348,698 452,762 415 525 509 714 1,428 668 653 2,756 657 1,509 667 14,476 50,567,052 2731,075 12,827^968 2859,127 4544',444 3270,668 2600,429 8876;i27 2056,699 1016,726 2160,365 1095,003 5720,351 329,280 747,593 27,543 182,336 94,394 208,002 7,319 42,130 .17,098 43,948 3,011 11,589 20,942 52,301 4,489 12,605 31,740 66,393 1,006 16,197 15,083 37,594 3,349 12,004 15,836 44,944 33,179 110,421 1,429 762 10,111 27,821 11,249 29,331 521 8,986 7,246 18,520 1,073 5,813 13,225 27,983 1,137 8,835 18,322 37,508 1,307 8,202 39,201 82,413 2,140 18,043 51,853,814 2806,721 13,179,813 2949,464 4659,780 3338,698 2660,317 9060,742 2106,786 1049,378 2211,545 1960,422 5870,148. 63,267 2,304 3,671 2/ 17,754 ~ — 4,431 5,697 15 63 3,228 zz 2,849 — 8,989 28, 2,342 FEDERAL RESERVE AGENTS' ACCOUNTS 1643,138 6,528,931 1820,294 2611,332 2191,220 1378,940 5263,333 1228,403 F. R- notes outstanding 27,818,115 Collat. for F. R. notes: 450,000 Gold certificate acct. 11,868,000 580,000 3,170,000 640,000 1130,000 915,000 450,000 2300,000 16,810 71,800 116,267 Eligible paper 000 3,600,000 1200,000 1550,000 1310,000 1000,000 3100,000 875,000 U. S. Govt. securities 17,090,000 1150 29,074,267 1730',000 6,770,000 1911,800 2680,000 2225,000 1450,000 5400,000 i34i,8io Total collateral 1/ After deducting $207,072,000 participations of other Federal Reserve Banks 2/ After deducting $45,513,000 participations, of other Federal Reserve Banks Minneapolis 1,519 2,405 2.128 3,292 7,090 543,199 1074,500 742,370 2792,455 150,000 300,000 283,000 1500,000 27,657 460,000 820,000 525.000 1500,000 610,000 1147,657 808,000 3000,000
@FedFRASER